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Gold bugs and silver stackers love having all their eggs in one basket/bedroom. The upside is that at least someone got the opportunity to enjoy spending it all.
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Aug 25, 2015 05:52
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Suspicious Lump posted:Haha this is amazing. I never understood why people keep gold in their home when you can buy gold and have it stored at the mint, with a few clicks you can sell or buy more. Because then you can't go look at it.
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Aug 25, 2015 06:04
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At work, I've discovered most of my co workers are absolutely hopeless with money, despite most if them having household incomes in the $125-175k range. It really makes me afraid of ever having kids, seeing the financial abyss it seems to inevitably cause. For example, at work we have long term disability insurance provided by the company for free. It kicks in 30 business days after you become disabled and pays 75% of your salary. For about $13/week, you can buy short term disability, in order to have your disability kick in after 14 days instead of 30. I loudly exclaimed that this is about the biggest ripoff I've ever seen, as after about 6 months of paying that you'll have paid them more then you can ever possibly get back. Naturally, quite a few co workers were indignant. You just don't get it, just wait until you have kids and have to pay on three credit cards. Husband is an engineer at Ford, she works in a hospital lab, combined income of $150k, and she has to buy the ripoff insurance AND keep 2 weeks PTO in the bank at all times because they'd be missing bill payments if they even lost one of their incomes for a single week.
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Aug 25, 2015 06:21
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Devian666 posted:He should have diversified into a safe, a secure door and secure storage outside of his home. The best door in the world is worthless if you don't loving lock it  quote:The victim said Martinez knew he collected gold and silver and had been inside his house on many occasions to do odd jobs and care for his dog. The man said Martinez also knew he kept one of his doors unlocked.
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Aug 25, 2015 06:23
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drat fool might as well have dropped his pants and spread. 
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Aug 25, 2015 09:27
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Devian666 posted:The ultimate in bad with money: that $2m worth of gold and silver I keep in the spare bedroom has gone missing. I love that one pawn shop bought $340,000 of gold coins from the guy, like how could that possibly not be suspicious
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Aug 25, 2015 12:40
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Xequecal posted:At work, I've discovered most of my co workers are absolutely hopeless with money, despite most if them having household incomes in the $125-175k range. It really makes me afraid of ever having kids, seeing the financial abyss it seems to inevitably cause. Are any of your co-workers trying to have children? Upcoming maternity leave was the reason we boosted our short-term disability. Because yeah, otherwise it's a pretty terrible ripoff. Although usually if you buy extra coverage you get a larger percentage of your income. Are you sure you don't get 50% by default and 75% if you buy the additional insurance?
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Aug 25, 2015 13:24
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Kids don't cause financial nightmares necessarily, but most people are terrible with money and kids are a big expense. Since most people have kids, that means that usually they're a disaster because their parents already were kind of hopeless.
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Aug 25, 2015 13:30
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Suspicious Lump posted:Haha this is amazing. I never understood why people keep gold in their home when you can buy gold and have it stored at the mint, with a few clicks you can sell or buy more. Because when society collapses you won't be able to go and claim your gold.
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Aug 25, 2015 13:33
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I was talking with an acquaintance about investing, while at a party not long ago. I moved on to other subjects when he told me his house is his retirement plan.
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Aug 25, 2015 15:41
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Adiabatic posted:I was talking with an acquaintance about investing, while at a party not long ago. I moved on to other subjects when he told me his house is his retirement plan. Is it a nice house? That doesn't sound like the greatest plan, but it's not terrible retirement plan when compared to the 40% of people who answer that question with "the lottery." The joke will be on us when the government slaps a punitive tax on our 401k's to support all those people who didn't win the lottery. Mr. House-Retirement won't look so silly then.
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Aug 25, 2015 15:58
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Or go long in cat food shares.
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Aug 25, 2015 16:20
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BWM is finally moving money from a money market account to index funds...last week. 
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Aug 25, 2015 16:56
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Subjunctive posted:BWM is finally moving money from a money market account to index funds...last week. Only BWM if you sell it now!
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Aug 25, 2015 17:21
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Looks like the market is rebounding, I missed the bottom! Wait, what if this is a dead cat bounce? What if everything goes to poo poo again right after this? Surely, if I held on for another day or two, I could reap even greater gains. But what if the market just recovers and I really did miss this bottom? What about trading VIX? Surely that's the ticket here, I could have tripled my money. But maybe the volatility is going down in absolute terms, so I should short VIX? Yeah, and then leverage that poo poo. 3X Leveraged ETF with funds from a HELOC sounds about right. Also, I'm supposed to be executor of this trust but they'll thank me for dipping into it for this sure a thing.
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Aug 25, 2015 17:42
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Krispy Kareem posted:Is it a nice house? That doesn't sound like the greatest plan, but it's not terrible retirement plan when compared to the 40% of people who answer that question with "the lottery." A house is a sound part of a retirement plan, but you can't eat a house. ...can you?
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Aug 25, 2015 17:49
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Nail Rat posted:A house is a sound part of a retirement plan, but you can't eat a house. Let me consult the experts 
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Aug 25, 2015 17:52
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GoGoGadgetChris posted:Only BWM if you sell it now! True, and I'll probably move more this week because long-term Vanguard is better than a glorified checking account. Thanks, GWM-bro!
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Aug 25, 2015 18:02
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GoGoGadgetChris posted:Let me consult the experts http://forums.somethingawful.com/showthread.php?threadid=2669292
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Aug 25, 2015 18:07
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baquerd posted:Also, I'm supposed to be executor of this trust but they'll thank me for dipping into it for this sure a thing. Haha this is literally happening to me right now. Before my grandma passed away in 2014, she passed a sizable piece of land and an attached investment account to her two kids and six grandkids in a limited partnership. We just found out my aunt (general partner) has been trading on margin with partnership assets  Although in her case it's less about "beating the market on this great piece of investment advice" and more "trying to recoup the money she's stolen from the partnership to cover her credit card debt and legal fees".
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Aug 25, 2015 18:16
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pig slut lisa posted:Haha this is literally happening to me right now. Before my grandma passed away in 2014, she passed a sizable piece of land and an attached investment account to her two kids and six grandkids in a limited partnership. We just found out my aunt (general partner) has been trading on margin with partnership assets Sometimes I'm glad my family is poor, so I don't have to worry about money tearing us all apart
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Aug 25, 2015 18:35
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Subjunctive posted:BWM is finally moving money from a money market account to index funds...last week. The past month or two I've been cringing at the thought of putting more money into funds when everything has been at peaks (Except for the Canadian market  ). So while my gains from the last year have just about been wiped out, I also have a very good opportunity to put more money in. This is very much a stock sale to me still.Just have to try not to attempt to time the market by only buying at the bottom. I think I'll just start up putting in money regularly again
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Aug 25, 2015 19:21
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Nail Rat posted:A house is a sound part of a retirement plan, but you can't eat a house. You can eat the food you buy with Social Security checks in your paid-for house quite nicely. Hell, two SS checks in a paid for house will make you better off than the average retiree by a longshot.
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Aug 25, 2015 19:23
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Radbot posted:You can eat the food you buy with Social Security checks in your paid-for house quite nicely. Drywall is surprisingly high in fiber and stucco sprinkles nicely on a green leafy salad. Tile is terrible on the bowels.
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Aug 25, 2015 19:25
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triplexpac posted:Sometimes I'm glad my family is poor, so I don't have to worry about money tearing us all apart Money tears apart poor families just as well. There's less of it to go around so people fight over it more desperately, especially when there's a windfall such as inheritance.
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Aug 25, 2015 19:28
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Krispy Kareem posted:Drywall is surprisingly high in fiber and stucco sprinkles nicely on a green leafy salad. The gently caress are you talking about?
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Aug 25, 2015 19:28
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Devian666 posted:He should have diversified into a safe, a secure door and secure storage outside of his home. Sounds like...a...bank...? Vvv: holy poo poo no way???? BonerGhost fucked around with this message at 20:27 on Aug 25, 2015 |
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Aug 25, 2015 20:13
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NancyPants posted:Sounds like...a...bank...? thatsthejoke.jpg
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Aug 25, 2015 20:14
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I think everyone who is saying the TEOTWAWKI gold hoarder should have trusted banks and computers more is kinda missing the whole point of that thing.
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Aug 25, 2015 20:16
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Nail Rat posted:A house is a sound part of a retirement plan, but you can't eat a house. GoGoGadgetChris posted:Let me consult the experts Krispy Kareem posted:Drywall is surprisingly high in fiber and stucco sprinkles nicely on a green leafy salad. Radbot posted:The gently caress are you talking about? We were talking about eating houses. Where the gently caress have you been?
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Aug 25, 2015 20:46
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Krispy Kareem posted:We were talking about eating houses. Where the gently caress have you been? The logical progression of any financial discussion imo
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Aug 25, 2015 20:51
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Yeah if you can't follow a classic Eating Houses gag, maybe finance isn't the field for you.
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Aug 25, 2015 20:52
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Krispy Kareem posted:We were talking about eating houses. Where the gently caress have you been? Specifically talking about how the person in question wouldn't have to eat their house, is where I've been.
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Aug 25, 2015 20:52
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Radbot posted:Specifically talking about how the person in question wouldn't have to eat their house, is where I've been. You should probably take a break from posting And eat some drywall
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Aug 25, 2015 22:48
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Radbot posted:I think everyone who is saying the TEOTWAWKI gold hoarder should have trusted banks and computers more is kinda missing the whole point of that thing. No one could trust a bank with $2m you know they'd steal it. Unlike your neighbour who you let into your home who claims to sell drugs when you ask where the money came from. That guy will be trustworthy with $2m of gold and silver that will never be recovered.
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Aug 25, 2015 22:52
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Radbot posted:The gently caress are you talking about? Courtesy of My Strange Addiction. Don't watch that show, btw. probably 
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Aug 25, 2015 23:12
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BEHOLD: MY CAPE posted:You should probably take a break from posting  "Neighbor, how long has it been since you had a big, thick, steaming bowl of Wolf Brand Drywall? Well, that's too long!"  (I miss the  emoticon)
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Aug 25, 2015 23:47
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Krispy Kareem posted:We were talking about eating houses. Where the gently caress have you been? Just today he showed me his latest project- a waterfall. He walked around the entire office showing everyone pictures of it on his smartphone. Super  . According to him, "We figured that a nice house deserves a nice backyard."He went from crapping his pants about his mortgage to installing a waterfall in his backyard. His next project? Tearing down a wall in one of the upstairs rooms, and replacing it with a floral, glass-etched wall "to bring some natural light into the room". I've watched him go from a desperate first-time homeowner to someone who has just put on blinders and has shifted his focus entirely on keeping up appearances. I would've dismissed the whole thing if it weren't for the fact that he skips meals and forces himself to go hungry pretty much every day. And whenever he gets sick with a cold, it devastates him because he isn't eating properly or taking care of himself. This isn't schaudenfraude, by the way. It's like watching insanity slowly happen. And before this, he was bragging about spending nearly $10,000 on furnishing their main floor, and asking me about home equity credit lines. melon cat fucked around with this message at 00:59 on Aug 26, 2015 |
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Aug 25, 2015 23:57
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It sounds like you can contribute to making your co-worker a BWM success. Increased borrowing and insane projects that sound inspired by lovely TV shows about houses. He won't need much more encouragement to have unsustainable monthly payments if he's skipping food. Food being the first thing people cut when they want to keep paying all the bills.
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Aug 26, 2015 00:23
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I noticed somebody talking about Kangen Water way earlier in this thread. When my brother talked about how his friend who bought the water machine for ~$3000 and I said it was a complete scam the very moment I knew about it's existence. His rebuttal? Those that drank it "felt better", yeah because there's is no such thing as placebo or confirmation bias.
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Aug 26, 2015 11:19
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