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Devian666 posted:The problem I have with this is that I'll be 68 when the peak retirement population hits. I might have to expand my weapon collection.
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Sep 3, 2015 04:45
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The Bad with Money thread is indeed the locus between BFC and TFR.
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Sep 3, 2015 04:54
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GoGoGadgetChris posted:The Bad with Money thread is indeed the locus between BFC and TFR. Russia Milsurp SKS is the way to go. Semi auto, and about $170 at Canadian Tire. A case of ammo (1300ish rounds, less if on stripper clips) runs you about that much too. Use the Canadian Tire money you get to buy a cleaning kit and you are set for any amount* of Blade Runner-esque "retirements" * You might think that the amount would be about 1300, but it has a permanent bayonet, so have at it!
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Sep 3, 2015 04:59
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Suspicious Lump posted:How did you calculate this? I must also prepare It's a New Zealand statistic for 2043 YMMV in other countries but it's likely to be in the 20-30 year range. GoGoGadgetChris posted:The Bad with Money thread is indeed the locus between BFC and TFR. All of my weapons are martial arts related rather than firearms but I'll need to get something that suits chopping off heads.
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Sep 3, 2015 05:26
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Pretty mild Bad With Money: coworker laments at lunch that she spends more on her horse than she spends on her appartment. It did suddenly become more relevant yesterday, when an outright tax on horses passed the court because basically the judge thought horse owners are wealthy enough to afford more taxes. 
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Sep 3, 2015 06:03
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Anything that discourages the average Joe from owning a horse is fine by me.
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Sep 3, 2015 13:05
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melon cat posted:Words about generational wealth disparity with no solution Keep in mind, if baby boomers make it to the guillotine, they'd insist that they couldn't have possibly seen it coming from a lifetime of having their cake and eating it, too.
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Sep 3, 2015 14:56
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Devian666 posted:If you can deal with the NZD currency fluctuations you can get up to 3.9% here. Phone posted:Keep in mind, if baby boomers make it to the guillotine, they'd insist that they couldn't have possibly seen it coming from a lifetime of having their cake and eating it, too. I know for a fact that once they retire, their job will also cease to exist. So the common belief of "Baby Boomers are retiring! They'll need to be replaced!" has been way overstated. melon cat fucked around with this message at 15:52 on Sep 3, 2015 |
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Sep 3, 2015 15:45
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However, having the gall to raise the minimum wage to something that allows for a few recreational things a month and being only two disasters/emergencies away from dying in the gutter is a Capital Offense, and just shows that kids these days are entitled poo poo heads who have never earned the sweat of their brow. What are you doing? Don't touch my Medicare/SS check; I need it for my new boat. Trump 2016.
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Sep 3, 2015 16:05
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Phone posted:However, having the gall to raise the minimum wage to something that allows for a few recreational things a month and being only two disasters/emergencies away from dying in the gutter is a Capital Offense, and just shows that kids these days are entitled poo poo heads who have never earned the sweat of their brow. What are you doing? Don't touch my Medicare/SS check; I need it for my new boat.   Ah, America.
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Sep 3, 2015 16:11
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Not a Children posted:Anything that discourages the average Joe from owning a horse is fine by me. Average Johann, surely,
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Sep 3, 2015 16:24
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By all means, raise the minimum wage (a totally arbitrary representation of the cost of unskilled labor). I feel slightly bad for all the minimum wagers who will lose their jobs in the short term when the cost of employing them exceeds the value they generate, but as a Gen-X with a real job and a mortgage, I'm all for the cascading inflation that will devalue the balance on my fixed-rate jumbo loan and make my house payment the equivalent of a large pizza*. Remember, kiddos: Raising the minimum wage is t about helping the poor. It's about pandering to the stupid to buy their votes. * which will be made and delivered by robots
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Sep 3, 2015 17:43
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High Lord Elbow posted:By all means, raise the minimum wage (a totally arbitrary representation of the cost of unskilled labor). Poe's Law is weird, man.
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Sep 3, 2015 18:08
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Less D&D, more reddit horror stories/people who really need therapy:https://www.reddit.com/r/personalfinance/comments/3j1ti1/21_broken_manchild_over_100k_in_debt_who_needs/ posted:Hi /r/personalfinance, let me start this post by thanking any of you who offer help. I first want to say that I'm not looking for pity points. I expect most of you to find my lifestyle abhorrent, but I'm just going to tell you what I'm experiencing. I'm the man-child in question, and need finance advice (and a kick in the rear end) for my poor decisions and poor outlook on life. TL;DR near the bottom.
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Sep 3, 2015 18:17
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Haifisch posted:Less D&D, more reddit horror stories/people who really need therapy: His valve can't be so agitated that he can't find work at Levy Pants or a local hot dog vendor or something
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Sep 3, 2015 18:34
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Haifisch posted:Less D&D, more reddit horror stories/people who really need therapy: Dude wants to default on all the loans and just pay garnishment ... forever. Chubberbun posted:From reading your post and comments in this thread I disagree with most posters here. I think you're clearly lazy and have an attitude that will guarantee your failure at anything you do. To secure your personal finances, I think you should go on welfare and get whatever free money from the government you can. I don't think you'll make it if you try the things other posters are recommending Reddit OP posted:Okay, and do you know how one goes about that? How much you earn, and what you need to do to qualify? Chubberbun posted:Lol Jesus man, you can't even sign up for welfare on your own. Idk man, I work for a living
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Sep 3, 2015 19:09
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pig slut lisa posted:His valve can't be so agitated that he can't find work at Levy Pants or a local hot dog vendor or something I do declare, this is a good post.
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Sep 3, 2015 19:45
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Wow that guy is just the laziest hosed ever. Everyone should go read it.
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Sep 3, 2015 20:05
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The guy literally does not want to work because it would go towards paying off his debts.
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Sep 3, 2015 20:09
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A whole bunch of bad with money, and extremely lovely sports franchises: http://ble.ac/1N5zXjS Snippet: quote:The Redskins, Butts said, offered him a settlement under which he would pay $32,000 and the team would take back the tickets. He agreed but ended up not being able to make the payments, he said.
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Sep 3, 2015 21:08
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I only read a brief snipped of that reddit 100K in debt guy and holy crap that is ugly piled on top of more ugly. I have considered a few things and decided I will share how I was BWM. I learned last year of the GoPro IPO and had never attempted to ever purchase a single stock before. I saw that it was supposed to be pretty easy to do with that online trader LOYAL3 they were using. You could even use your debit/credit card to load up your account and just say "I want $100 worth of stock X". Seeing what some tech stocks like Netflix had done over the past few years and knowing the shares were to be less than $30 I thought "Why not?". I have used GoPro products for a while and really like them. I talked to my wife and we made the agreement that we were willing to kiss off $500 and see what happens in a year. So I signed up and loaded my account. Because of the IPO being so big I initially only got about $150 worth of stock, but my account was still loaded up with the other ~$350. GoPro stock hadn't gone up a ton so I just signed the rest of the money on to it. I watched it with excitement over the next month or so, and at one point my $500 had become just over $1000. I have watched the price come down over the last year with the current price at about $40/share leaving my initial $500 at the time of this post $423.62. I will probably just not touch it and leave it in there for another year, or if I get slightly ahead of break even maybe I will pull it out. While $500 is not a small amount of money, it is a small percentage of our income/net worth and part of the Tuition Of Life that nothing replaces smart choices and showing up and going to work. I was bad with money and will continue to invest in growth stock mutual funds via Roth IRA's. Even writing this down makes me think "Yeah but...you should just leave it in there for another two years, because maybe it will be worth 1500 or 2000 from now". What a stupid thought.
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Sep 3, 2015 22:10
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I did a similar thing. I bought a bunch of JetBlue stock about ten years ago. Immediately after I bought it they had a series of PR crises, and eventually the president resigned. The problem is, I didn't know if I should sell it. I realized that I didn't buy it for any good reason, so I didn't have any good reason to sell. If I had bought it based on the fundamentals, then I'd know that I should sell if the fundamentals changed. I still have it. It's just sitting there, in an unused brokerage account that doesn't generate fees.
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Sep 3, 2015 22:26
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Somewhat Heroic posted:[Go Pro stock talk] You know who was bad with money? Most of the people on this forum who bet everything on GTAT, and when anyone raised doubts about the shares all of the posters shouted them down. I think we even followed this train-wreck in an earlier part of this thread. A whole lot of people just jumped onto the hype train despite knowing nothing about GTAT. Yeah. That is bad with money. melon cat fucked around with this message at 22:51 on Sep 3, 2015 |
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Sep 3, 2015 22:44
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Somewhat Heroic posted:I will probably just not touch it and leave it in there for another year, or if I get slightly ahead of break even maybe I will pull it out. While $500 is not a small amount of money, it is a small percentage of our income/net worth and part of the Tuition Of Life that nothing replaces smart choices and showing up and going to work. I was bad with money and will continue to invest in growth stock mutual funds via Roth IRA's. You realize that there will come a time when your IRA will fall by 50% and proceed to triple within a few years, right? The market tends to do that once a decade or so. Blindly jumping into a stock because you like their product is pretty BWM, but so is not being able to stomach market volatility.
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Sep 3, 2015 22:49
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Gabriel Pope posted:You realize that there will come a time when your IRA will fall by 50% and proceed to triple within a few years, right? The market tends to do that once a decade or so. Blindly jumping into a stock because you like their product is pretty BWM But you are right about volatility. Nobody should jump into the stock markets if they can't stomach volatility. Because even blue-chip stocks can go through sustained, rough periods.
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Sep 3, 2015 22:59
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Gabriel Pope posted:You realize that there will come a time when your IRA will fall by 50% and proceed to triple within a few years, right? The market tends to do that once a decade or so. Blindly jumping into a stock because you like their product is pretty BWM, but so is not being able to stomach market volatility. Oh yes I do understand that. The analogy that resonates with me is the market like a roller coaster with ups and downs, but at the end of the ride you should have a good time. Again we're talking about $500, which is a fraction of a percentage of our income. It was BWM and that's what this thread is for. Honestly I keep the fact that I put $500 actual dollars into funny money out in the world because I like GoPro and their products to myself. Real talk: should the value of my money increase to say $700 I'll probably jump out and spend it on a gun.  at that will probably hold value better
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Sep 4, 2015 00:09
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Somewhat Heroic posted:Real talk: should the value of my money increase to say $700 I'll probably jump out and spend it on a gun. Timing matters in gun pricing too. There were a ton of people who bought Evil Black Rifles right after the Newtown massacre a couple years ago when everyone was panicking and thinking those guns were going to be banned, and the prices shot up 2-3x from what they were before. Now the same guns are selling for even lower than they were before the panic. Buy guns because you want to shoot them, not because you think they're an investment.
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Sep 4, 2015 00:22
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And do shoot guns. It is fun (I am not an accurate person)
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Sep 4, 2015 00:25
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Craptacular posted:Buy guns because you want to shoot them, not because you think they're an investment. Without further detailing a TFR discussion it's because I would like a carbine rifle to shoot/compliment my side arm. It would just be a Palmetto State kit which aren't very spendy to start with, hence the $700 target lol.
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Sep 4, 2015 00:25
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The recent market turmoil is really the first time I have been keeping a retirement fund and hit a dip. I will say, the psychology of seeing $2000+ suddenly go away is tough to swallow when in practice (and I don't have that much). The good lesson is that it has already recovered a good bit, but I can understand joe why some people panic and pull it. Not that I would, but I at least can relate now.
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Sep 4, 2015 00:30
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^^The recent dip confirmed my assumption that I have a very high risk tolerance and it didn't phase me. I'm just mildly sad I didn't have spare funds to invest last Tuesday! Craptacular posted:Timing matters in gun pricing too. There were a ton of people who bought Evil Black Rifles right after the Newtown massacre a couple years ago when everyone was panicking and thinking those guns were going to be banned, and the prices shot up 2-3x from what they were before. Now the same guns are selling for even lower than they were before the panic. But my prepper/gun friends insist they're a great investment! Ironically when the same folks need cash, they have to spend time finding a buyer for their gun vs just having cash...
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Sep 4, 2015 00:36
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SiGmA_X posted:But my prepper/gun friends insist they're a great investment! Ironically when the same folks need cash, they have to spend time finding a buyer for their gun vs just having cash... Nothing like selling your guns for less than you paid a true investment. The same for gold as the spot price is around the 2010 price now before someone started large scale market manipulation.
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Sep 4, 2015 01:02
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SiGmA_X posted:^^The recent dip confirmed my assumption that I have a very high risk tolerance and it didn't phase me. I'm just mildly sad I didn't have spare funds to invest last Tuesday!
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Sep 4, 2015 01:14
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Easychair Bootson posted:Hey man, I've got some cash on hand, can you shoot me a PM the next time the market is about to rebound? Thx. I think you misread his post.
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Sep 4, 2015 01:22
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You want to hear a bad with money stock story. When I had to do my student teaching in 2010 I was looking at 3 months with no income. So I sold all my stock, $2,000 worth - at a pretty good 50% profit. Wanna hear what I sold? Apple at $80 a share and Netflix at $50 a share. Yeah.
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Sep 4, 2015 01:23
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Desuwa posted:I think you misread his post.
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Sep 4, 2015 02:30
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Gabriel Pope posted:You realize that there will come a time when your IRA will fall by 50% and proceed to triple within a few years, right? The market tends to do that once a decade or so. Blindly jumping into a stock because you like their product is pretty BWM, but so is not being able to stomach market volatility. Investing in individual stocks is BWM in general. If you ask people whose job is to pick stocks for a living how they invest their own money, they will all tell you, "Low-cost index funds or ETFs".
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Sep 4, 2015 03:22
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SiGmA_X posted:^^The recent dip confirmed my assumption that I have a very high risk tolerance and it didn't phase me. I'm just mildly sad I didn't have spare funds to invest last Tuesday! What percent of your income do you have in the markets? I have about 5 years of gross income in there and it scared the poo poo out of me (to lose half a year's gross income in 2 weeks). I didn't do anything but still.
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Sep 4, 2015 05:12
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Krispy Kareem posted:You want to hear a bad with money stock story. When I had to do my student teaching in 2010 I was looking at 3 months with no income. So I sold all my stock, $2,000 worth - at a pretty good 50% profit. Wanna hear what I sold? Nobody ever went broke taking profits. You did what you had to in order to survive, and came out ahead of what you invested. I'd call that a win.
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Sep 4, 2015 05:28
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Evil Robot posted:What percent of your income do you have in the markets? I have about 5 years of gross income in there and it scared the poo poo out of me (to lose half a year's gross income in 2 weeks). I didn't do anything but still.
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Sep 4, 2015 06:44
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