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gently caress me one gets probated due paranoia about mods (again) and the other shows right back up on schedule. Anyway: https://www.reddit.com/r/personalfinance/comments/6nxzbp/once_in_a_lifetime_opportunity_or_scam/ quote:So the other day at the grocery store my fiance and I ran into this other couple in line. After a bit of talking I asked what they did and they said they were entrepreneurs. I asked them to specify a little further and thats where it started. MLM really can be insidious in how it spreads.
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Jul 18, 2017 15:23
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Droo posted:This conversation reminds me of an article I saw this morning. I, too, predicate my support for human rights and civil liberties not upon the merit of their cases or any sense of morality, but upon how whoever is talking makes me feel. I don't like feeling sad, plus I am incapable of empathy for others not like me, so you faggots and spics better keep that in mind when trying to convince me why I should give a gently caress about your minority problems. Until then let's coll coal, cut medicaid, and lower taxes because the onus is on you to stop making me be an rear end in a top hat in a way that I find acceptable. -the article Content: Follow-up to a recent post about Canadian anecdotally being down - now the real estate agency is saying that the average price has dropped 10% since April and sales volume have dropped in most area. My favorite quote of the article - "The Canadian housing market is now in its third month of what is expected to be a soft landing," TD Bank economist Diana Petramala said of the numbers. It arrived a decade late, like most things in Canada, but damned if it's not happening 
Guest2553 fucked around with this message at 15:30 on Jul 18, 2017 |
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Jul 18, 2017 15:24
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When is there ever a "soft landing" in housing bubbles?
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Jul 18, 2017 15:32
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How deep into 2007 were the experts predicting a soft landing and an 18 month rebound? I want to say it was right up to Lehman’s and/or Bear Sterns.
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Jul 18, 2017 15:33
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Last weekend I used my credit card to get an ATM cash advance. It got posted as a very expensive transaction to a massage parlor. How do I get the ATM surveillance video?quote:Last weekend I used my credit card to get a cash advance from an ATM in the Phi Phi islands of Thailand. Today I logged into my online banking, and I saw that the transaction was posted as a $185 payment to a massage shop in Krabi. It also claimed that the transaction was made on Monday (when I was in Bangkok). I need proof that I didn't go to a massage parlor once my parents see that transaction. I also told my girlfriend about it (she might be understanding of it when she wakes up) but more proof would be nice. Some great comments came out of this: quote:Don't let this tug at you. There really isn't much you can do now, just release any pent-up energy on it. Be thankful that the amount is correct and you aren't hard-up for the cash. If you were able to enjoy the trip without any financial damage, sounds like a happy ending to me. "Hey guys, I, uh, definitely did not go to a 'massage parlor' and received discrete services from the staff there. How do I prove that I didn't do this thing?"
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Jul 18, 2017 16:51
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Hoodwinker posted:Last weekend I used my credit card to get an ATM cash advance. It got posted as a very expensive transaction to a massage parlor. How do I get the ATM surveillance video? "Look, I'm not stupid. I wasn't going to give the random handy-massage place my CC so I found an ATM. Luckily there was one right next door. Why did my careful planning lead to ruin?" The idea that obtaining CC footage - from a random ATM in Thailand, as a private US citizen - and having that as proof that he wasn't in the massage parlor next door getting a happy ending is the best part of this story as far as I am concerned. Just thinking of his panicked fantasy at how that would play out - waving the photo in front of his Mom while shouting SEE! - makes me grin.
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Jul 18, 2017 17:05
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Ixian posted:"Look, I'm not stupid. I wasn't going to give the random handy-massage place my CC so I found an ATM. Luckily there was one right next door. Why did my careful planning lead to ruin?" quote:Yes, I took out $185 in bahts from this Phi Phi ATM. But the transaction listed is both the incorrect place (the massage parlor in Krabi is a two hour's ferry ride away from the Phi Phi islands) and the incorrect date (I was in Bangkok on the transaction's supposed date).
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Jul 18, 2017 17:11
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I always get my hopes up when I see a few pages of posts in this thread but it usually ends in disappointment. Unlike happy-ending-kid there. Have some content: A coworker of mine is a couple years from retirement. He just accepted a promotion that will actually be a pay cut. Even though his salary grade went up 2 grades, he was at the max for his previous grade and also getting annual longevity bonuses. He told me he took the promotion because our pension doesn't factor longevity bonuses into your final average salary so he'd make less money for two years but have a larger pension this way. He's wrong and it absolutely does include longevity bonuses for FAS calculations.... I have no idea if he can grieve this or something, otherwise he just burned several thousand dollars a year for the rest of his life 
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Jul 18, 2017 17:15
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God I fucking love Diablo 3 gold, it even paid for this shitty title
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Ixian posted:"Look, I'm not stupid. I wasn't going to give the random handy-massage place my CC so I found an ATM. Luckily there was one right next door. Why did my careful planning lead to ruin?" Unless Mom and Girlfriend are both obsessively combing through his bank statements, I have a feeling that nobody would ever know about the ATM charge until tells absolutely everyone to make sure they know he didn't get a happy ending in Thailand. Mom: "Hey sweetie, how was your-" Manchild: "DON'T LET THE ATM RECEIPT FOOL YOU MOM I DEFINITELY DID NOT GET A PROSTITUTE IN THAILAND. OH GOD DID I SAY PROSTITUTE I MEANT HANDJOB. I DIDN'T GET EITHER ONE I'M A GOOD BOY WHY ARE YOU LOOKING AT ME LIKE THAT?" Mom: "Um...well I-" Manchild: "DON'T BELIEVE ME? WELL HOW CAN YOU DISPUTE THIS SECURITY FOOTAGE I PULLED FROM A SEEDY ATM IN THAILAND SHOWING ME NOT GET $185 TO PAY FOR THE SERVICES OF A SEX WORKER?" Mom: "Honey I don't want to know-" Manchild: "HOW INNOCENT YOUR SON IS? HERE SIT DOWN THE FOOTAGE IS ONLY SIX HOURS."
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Jul 18, 2017 17:34
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Did you know you can get crabs from an ATM? WELL YOU CAN!
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Jul 18, 2017 17:41
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Could be a company card he needs to submit billing statements for to get reimbursement
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Jul 18, 2017 17:42
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Given the 'once my parents see that transaction' line, I'm assuming he was dumb enough to use a card they get statements for. Really though, what kind of shoddy place bills under their sign name? Usually places like porn shops have a boring legal name that shows up on statements like 'Gifts & Novelties Inc'.
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Jul 18, 2017 17:46
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brugroffil posted:Could be a company card he needs to submit billing statements for to get reimbursement If your parents are looking at your corporate card statements, there are other things to focus on resolving.
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Jul 18, 2017 17:46
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Maybe he's Seymour Skinner.
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Jul 18, 2017 17:48
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Suprfli6 posted:I always get my hopes up when I see a few pages of posts in this thread but it usually ends in disappointment. Unlike happy-ending-kid there. Ugh, that sucks. I know next to nothing on how pensions work (even though I have one), but wouldn't that be something that he should have spoken to his benefits department about before pulling the trigger on it?
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Jul 18, 2017 17:58
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Solice Kirsk posted:Ugh, that sucks. I know next to nothing on how pensions work (even though I have one), but wouldn't that be something that he should have spoken to his benefits department about before pulling the trigger on it? Yeah there are pre-retirement advisors and appointments and all that. Plus our state comptroller site goes into great detail about how pensions are calculated and specifically states that longevity payments count as salary. He didn't tell me about this until last week though and he got switched into the new title a few months ago so he's probably SOL. His job responsibilities didn't change at all either, so he's doing the exact same job as before the "promotion" but being paid less. I don't think his boss understood the situation either and neither of them looked into it apparently.
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Jul 18, 2017 18:06
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Suprfli6 posted:Yeah there are pre-retirement advisors and appointments and all that. Plus our state comptroller site goes into great detail about how pensions are calculated and specifically states that longevity payments count as salary. He didn't tell me about this until last week though and he got switched into the new title a few months ago so he's probably SOL. His job responsibilities didn't change at all either, so he's doing the exact same job as before the "promotion" but being paid less. I don't think his boss understood the situation either and neither of them looked into it apparently. For every idiot coworker that screws up their planning or takes a low lump sum or whatever, your pension becomes ever so slightly more secure. GWM!
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Jul 18, 2017 18:13
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Oh no. His awesome retirement vehicle that 90% of people have no access to. Is paying slightly less.
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Jul 18, 2017 18:27
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Yeah, that does suck. What's your point?
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Jul 18, 2017 18:29
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Solice Kirsk posted:Yeah, that does suck. What's your point? Crabs and buckets and all that.
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Jul 18, 2017 18:39
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Suprfli6 posted:I always get my hopes up when I see a few pages of posts in this thread but it usually ends in disappointment. Unlike happy-ending-kid there.
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Jul 18, 2017 18:58
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Jeffrey of YOSPOS posted:You lose "longevity" bonuses when you stay in the same organization but get promoted? That seems like it would bizarrely reward those who aren't competent enough to be promoted, what a strange system. Well every salary grade has a hiring rate and then you get more money every year for seven years which puts you at the "job rate". After 5 years at the job rate you start getting a longevity bonus and after five more years you start getting a larger one. Normally promotions are jumps of like 3-5 salary grades plus you can start off at whichever step in the seven year process equals what you were making previously, if the hiring rate would be a decrease in pay. However that doesn't happen if you are classified as a seasonal employee (which this guy was) so he was a pretty niche case. It's further complicated by the fact that different unions have different longevity payments, different leave accrual rates which can impact pensions, etc. But yes you do lose your longevity bonus any time you change titles. Suprfli6 fucked around with this message at 19:16 on Jul 18, 2017 |
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Jul 18, 2017 19:14
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Appropriate for the millennial conversation from yesterday https://graphics.wsj.com/glider/millennials-c671d444-6267-4e9b-ba6b-384a5b2fdb03 quote:“We know the gig economy is real. It's here. It's a secular trend. It didn't just start with Uber and Lyft. It started years ago. It's a lifestyle choice for the millennials.” AreWeDrunkYet fucked around with this message at 19:25 on Jul 18, 2017 |
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Jul 18, 2017 19:21
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brugroffil posted:Could be a company card he needs to submit billing statements for to get reimbursement In the OP he states it is his parents card and he is an authorized user. Now, maybe that doesn't mean they will comb through the statements on the regular, but - going out on a limb here - if my 18-20 y/o nitwit son was a user on my CC, and he just got back from Thailand, I would make an extra bit of effort when that statement posted. From his panicked "help me Internet!" reaction I am guessing he arrived at the same conclusion. No idea where his girlfriend fits into this unless she and Mom are close. Suprfli6 posted:are classified as a seasonal employee (which this guy was) so he was a pretty niche case. Wait a seasonal employee with a guaranteed pension? This dude already won one of life's smaller lotteries.
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Jul 18, 2017 19:22
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Ixian posted:In the OP he states it is his parents card and he is an authorized user. Though frankly no pension is enough to make me stick with one employer for 7 years, that's crazy talk.
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Jul 18, 2017 19:30
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Jeffrey of YOSPOS posted:Though frankly no pension is enough to make me stick with one employer for 7 years, that's crazy talk. My pension plan requires 5 years of employment to vest. I imagine that most plans require something similar. Hats off to you if your 401k, etc. are enough. Krispy Kareem posted:Oh no. His awesome retirement vehicle that 90% of people have no access to. Is paying slightly less. Damaging a desirable pension is BWM even if he'll end up doing okay in the long run.
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Jul 18, 2017 19:55
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LLCoolJD posted:My pension plan requires 5 years of employment to vest. I imagine that most plans require something similar. Hats off to you if your 401k, etc. are enough.
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Jul 18, 2017 19:59
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LLCoolJD posted:My pension plan requires 5 years of employment to vest. In Illinois, for state workers it requires 10 years and is in lieu of Social Security. Also it's $130 billion in the hole. Do never work for the state.
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Jul 18, 2017 20:04
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I started typing personal anecdotes out but this is really more of talk for corporate or daily discussion or career path threads, IMO. BWM: payroll deductions for gold and silver. https://www.reddit.com/r/personalfinance/comments/6o2cut/payroll_deductions_for_physical_amounts_of_gold/ posted:My job recently announced an optional benefit I can enroll in that would deduct money from every check and use it to acquire gold and silver. The company we would use lets you choose how much money to deduct and whether to buy gold or silver or both. Then the company can store it for you or you can have it given to you in the form of coin or bars. The information provided basically just says it's good for diversifying your investments and that gold and silver are known for retaining their value, but I guess my question is, is this actually worth doing or should I just stick with other investments? And the company says it can liquidate your gold and silver and put cash in your account, but if I had it physically in my possession how hard is it to trade for cash? What are the pros and cons of this sort of investment? The really bad career move is to work for Ron Swanson.
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Jul 18, 2017 20:05
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Jeffrey of YOSPOS posted:My claim would be that changing jobs frequently will generally cause one's salary will go up enough such that it will outweighs a pension at a lower-paying job. There's uncertainly there of course but I think, if you're risk-tolerant to some extent, you'll come out ahead. (Not that there isn't uncertainty at places with pensions, but you know.) What if ... and just throwing out ideas here ... there was a single federal pension that everyone paid into along with employer contributions. Like some sort of socialized system that provided an additional level of income security. And what if that was expanded so employees did not have to be tied down to an employer without sacrificing retirement income. In all seriousness though, the shift from defined benefit to tax benefits for defined contribution plans definitely fuels this thread with BWM stories by giving people 401ks to raid for horses and sports cars. And this. What would we do without giving small business owners the ability offer crazy choices for their employees' post-retirement livelihoods? AreWeDrunkYet fucked around with this message at 20:10 on Jul 18, 2017 |
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Jul 18, 2017 20:06
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Jeffrey of YOSPOS posted:My claim would be that changing jobs frequently will generally cause one's salary will go up enough such that it will outweighs a pension at a lower-paying job. There's uncertainly there of course but I think, if you're risk-tolerant to some extent, you'll come out ahead. (Not that there isn't uncertainty at places with pensions, but you know.) I don't disagree, but there are certain jobs where 1) you can lateral around within the government while keeping the state pension, or 2) that provide higher pay/security than the private sector. I have yet to find an arrangement that ticks both of those checkboxes, though.
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Jul 18, 2017 20:16
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Some friends of ours are buying their third rental property. Right now they have a total of 500k in debt including their home and the two rentals they already have (one of which is empty). How do I know how much debt they are in? The husband was bragging about it because "that debt is making me money." He told us he hopes to one day have a million in debt on rental properties. To get the new property they are taking out a loan against his 401k for the down payment and then another mortgage which will bring their total debt to just over 600k....
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Jul 18, 2017 20:25
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SquirrelFace posted:Some friends of ours are buying their third rental property. Right now they have a total of 500k in debt including their home and the two rentals they already have (one of which is empty). Did he go to Trump university?
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Jul 18, 2017 20:28
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Ixian posted:Wait a seasonal employee with a guaranteed pension? This dude already won one of life's smaller lotteries. Seasonal employment with full time benefits is not uncommon in some federal agencies. I'd imagine their state analogues might have the same setup.
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Jul 18, 2017 20:37
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What do seasonal employees do during the offseason? Work a different job with a different season? I can imagine that a lot of summer jobs are filled by students. But what about things like ski instructors, tax preparers, holiday workers, etc? I assume that most of them can't just not work during the offseason.
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Jul 18, 2017 21:16
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SquirrelFace posted:Some friends of ours are buying their third rental property. Right now they have a total of 500k in debt including their home and the two rentals they already have (one of which is empty). 50% occupancy and he's putting his 401k on the chopping block to finance a third rental property. Not good!
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Jul 18, 2017 21:21
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BarbarianElephant posted:Did he go to Trump university? Not surprisingly, he is a huge trump fan... He's a good guy just real, real naive and dumb.
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Jul 18, 2017 21:33
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https://www.reddit.com/r/personalfinance/comments/6o1bpl/girlfriend_and_i_broke_up_both_names_are_on_auto/quote:Girlfriend and I broke up. Both names are on auto loan and title. Uh oh. It's not Trotsky grade but times are tough.
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Jul 18, 2017 21:42
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H110Hawk posted:https://www.reddit.com/r/personalfinance/comments/6o1bpl/girlfriend_and_i_broke_up_both_names_are_on_auto/ This is a good one: Car is actually ex's. Joined bank accounts after he co-signed car. Her relatives claim they'll take him to court to get the money she paid into car back if he tries to refinance under himself. Friendly uncle - her uncle - shows up in the nick of time, he works for a dealership and can straighten everything out, doesn't want trouble. I mean, bad break but sounds like the worst is over right? 
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Jul 18, 2017 22:03
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SquirrelFace posted:he is a huge trump fan 
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Jul 18, 2017 22:05
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