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Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
Aren't redpill guys obsessed with IQ's?

So that could be evidence of a troll, but of course any woman whose a MRA has probably bought into IQ bullshit also.

Also there's no way that prenup holds up in court.

"Yes, your Honor my client got the plaintiff to sign this ironclad prenup while she was unemployed, pregnant, and suffering from health issues that made it impossible to support herself. And yes those text messages reference a post nup, but that was never actually agreed on. What's so funny your Honor?"

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cowofwar
Jul 30, 2002

by Athanatos
Yeah, that slave prenup might fly in the south but definitely not California.

Discendo Vox
Mar 21, 2013

This does not make sense when, again, aggregate indicia also indicate improvements. The belief that things are worse is false. It remains false.
Compensation plus safety claim suggests a militaristic SUV in my opinion.

moana
Jun 18, 2005

one of the more intellectual satire communities on the web
Redpiller ends up marrying a shithead sexist who thinks women's work is worthless, who could have seen that coming?

Guest2553
Aug 3, 2012


moana posted:

Redpiller ends up marrying a shithead sexist who thinks women's work is worthless, who could have seen that coming?

The past year and change has destroyed my outrage meter to the point where I'm just thankful that they'll only ruin each other and nothing of beauty will be destroyed.

cowofwar
Jul 30, 2002

by Athanatos
They're honestly kind of perfect for each other.

KingSlime
Mar 20, 2007
Wake up with the Kin-OH GOD WHAT IS THAT?!
"oh, so THAT'S why this whole women's rights thing gets people so riled up"

See: Tomi Lahren

oRenj9
Aug 3, 2004

Who loves oRenj soda?!?
College Slice

Krispy Wafer posted:

Aren't redpill guys obsessed with IQ's?

Yup, because they think that high IQ allows you to climb to the top of all possible dominance hierarchies.

I think it helps them feel better about their inherent lack of masculinity.

Vox Nihili
May 28, 2008

Guest2553 posted:

The past year and change has destroyed my outrage meter to the point where I'm just thankful that they'll only ruin each other and nothing of beauty will be destroyed.

Except for their child.

Tiny Brontosaurus
Aug 1, 2013

by Lowtax

Guest2553 posted:

The past year and change has destroyed my outrage meter to the point where I'm just thankful that they'll only ruin each other and nothing of beauty will be destroyed.

The kid's doomed though :smith:

il serpente cosmico
May 15, 2003

Best five bucks I've ever spend.
I think that thing is a troll, but if it isn't the solution is to leave and start proceedings for child support.

il serpente cosmico fucked around with this message at 06:06 on Sep 29, 2017

Solice Kirsk
Jun 1, 2004

.

Tiny Brontosaurus posted:

The kid's doomed though :smith:

Maybe it will be one of those kids that grows up to be the opposite of their parents. You know, like the son a roofer becoming a tiler or something.

VitalSigns
Sep 3, 2011

il serpente cosmico posted:

I think that thing is a troll, but if it isn't the solution is to leave and start proceedings for child support.

r/redpillgirls taught me that child support is male enslavement to the matriarchy!

*mensrightly chooses life of domestic slavery followed by getting dumped penniless on the street at 45 to make room for Younger Trophy Wife #2b *

Elephanthead
Sep 11, 2008


Toilet Rascal
Surely pregnant fiance is just a men rights guy posting as the ideal woman and this is a way to show how you escape the entrapment of children. Having children is the ultimate BWM move.

SlapActionJackson
Jul 27, 2006

Having children doesn't have to be terrible. Impregnating someone you're not married to, OTOH...

Photex
Apr 6, 2009




https://www.reddit.com/r/personalfinance/comments/7370qx/i_have_15_closed_accounts_credit_score_is_400_and/

quote:

I'm a stupid 25 year old and only now starting to pay off my debt(s). I finally have had the balls to check my Credit Karma today and my credit score shows 418/399 between Transunion and Equifax respectively with a few Open Accounts including my Secured CC And Student Loans along with about 17 closed accounts, 7 derogatory marks, all from mostly quick payday loans I would take out in 2014 during a horrible, regretful time in my life.
I got a court summons for a CC this year and am currently paying that off ($450/month.)
Where on earth do I even begin tackling all of this debt?
I got a notice in the mail regarding my student loans and that they're going to default next week if I don't call them. The amount is like $25,000. Thought I should add this in there.
:,(

Drug Addict? Magic Collector?

Photex
Apr 6, 2009




Another good one

https://www.reddit.com/r/personalfinance/comments/737xnb/should_i_borrow_50k_in_my_401k/

quote:

i figure taking out a loan will: 1. reduce my risk to the stock market. S&P 500 specifically. 2. i pay myself the interest about 5%. worth about 2.5k/year. 3. i use the money to make more money. a 10% return. worth about 5k/year. the key risk, if i lose my job. im royally fooked.

a few people asked how he plans on getting a 10% return

quote:

split between a personal loan to family, and working capital in a business, this is prolly higher than 10%.

Sepherothic
Feb 8, 2003

Photex posted:

Another good one

https://www.reddit.com/r/personalfinance/comments/737xnb/should_i_borrow_50k_in_my_401k/

thats actually a big misnomer that the cost is very high and you get taxed a lot. but lets break it down. technically, you are receiving the 50k loan as after tax dollars so it only makes sense you pay back in after tax dollars. and the total amount you pay in excess of 50k is 7k. so when the 7k is taxed at 25% marginal tax, thats 1.75k in tax that you will pay in the future when you withdraw. then to find the true annual cost you divide by 5 so .35k. $350 annual borrowing cost for 50k that's close to 0.5%.


This seems really wrong and will almost certainly result in a huge loss, right? I am not a tax guru, please explain how this guy is going to loose his shirt.

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
"this is prolly higher than 10%" is a pretty reasonable expectation. Heck, you can barely fall down without landing on a 7% ROI these days.

Seriously how do people not make money. This is so easy.

a messed up horse
Mar 11, 2014

by Nyc_Tattoo

Photex posted:

Another good one

https://www.reddit.com/r/personalfinance/comments/737xnb/should_i_borrow_50k_in_my_401k/


a few people asked how he plans on getting a 10% return

quote:

edit: tbh, i already made the decision yesterday. so check is coming so this is a moot point already. But the main idea for this post is to use your 401k as a margin account to fuel further growth.

This dude cannot be real.

Moneyball
Jul 11, 2005

It's a problem you think we need to explain ourselves.
Haven't you people ever heard of ponzi schemes?

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Smells like MLM

incoherent
Apr 24, 2004

01010100011010000111001
00110100101101100011011
000110010101110010

My metric that the recovery is over imo.

Raise the interest rates fuckers :getin: and not by fraction either. TALKIN BOUT THE WHOLE TIBBIES POINT, SON.

Sundae
Dec 1, 2005
Article courtesy of Hookshot in the Canadian Housing Bubble Thread over in D&D...


http://forums.redflagdeals.com/too-much-creditcard-balance-need-advice-2112548/

Too much creditcard balance,Need advice posted:

I have about 10 credit cards and carry balance about $150,000 and spouse have about 4 credit card and carry balance $50,000.Total credit card balance me and spouse about :siren:$200,000.:siren:
Car loan: I pay $188 bi weekely for my 2015 honda ( i bought it dec.2014)

Too much credit card balance because our expenses more than our income.

My anual income $30,000 and spouse anual income $29,000
My relative send me money from overseas every month about $100
Me and spouse make like minimum wage from work.
we have 3 kids.( 1 kid born with autism,i take care of him when i'm home, thats why i didn't do 2nd work)

Our detached house value about $800,000
Our mortgage balance now $371,000

Our mortgage renewal date nov.2017

we are sinking in debt now.
My spouse complain me about bought too much junk .Too many desktop, too many laptops, too many electronics ....
I will sell my items on kijiii

So far, i didn't miss any payment.

I just keep paying minimum payment all credit cards. I didn't miss any mortgage payment.

I did transunion credit score check today, My credit score 598 , my spouse credit score 577

I already talked to a bank, they say , our income low, they can't combine credit cards balance to mortgage.But they will consider give loan with one payment and cancell all credit card. Bank say, minimum credit score 650 and higher income need to combine to mortgage.

My bank mortgage renewal date is Nov. 2017
I hope, Bank renew my mortgage.

My question :

Can i get a weekend job and extra afternoon job and keep pay the credit card balance slowly?

or

sell the house and buy a condo?

or

Can i refinance (consolidate) my mortgage and credit card balance with high interest rate with mortgage broker (B lender) ? ( i guess bank won't help us because low income, low credit score).

(Note: We bought this house year 2001 , For $247,000 . We got mortgage from td bank and my down payment $80,000.
Then, after few years we had credit card balance problem , then we switched (refinance) mortgage with rbc $280,000
Then after few years , credit card balance problem again, refinance mortgage with rbc $400,00 (now balance 371,000)
Now, we have credit card balance problem again, Now house value about 800.000)

How do you even get $200,000 in debt on credit cards? If he really has the house value he thinks he has (depending on which bullshit market in Canada, it's possible) he could sell that and fix the finances, but HOLY GOD, I have panic attacks at the thought of getting anywhere near that level of debt.

savesthedayrocks
Mar 18, 2004
Oh it was more than 200k, they just refinanced it into the house.

Guest2553
Aug 3, 2012


a messed up horse posted:

This dude cannot be real.

My brokerage allows you to use 401/Roth accounts to fuel margin buying in open accounts. It's set up as a 'you lend yourself the money :downs:' kind of thing and somehow structured to not run afoul of securties laws and I've no doubt loads of people lose loads of money over it.

Sic Semper Goon
Mar 1, 2015

Eu tu?

:zaurg:

Switchblade Switcharoo

Sundae posted:

HOLY GOD, I have panic attacks at the thought of getting anywhere near that level of debt.

Relax, that's what bankruptcy is for!*

* = Based on a actual quote from a bogan I heard once.

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
Keeping money in cash unless you absolutely have to is BWM, that poo poo's prime for getting stolen, and the police are the most likely to steal it.

John Smith
Feb 26, 2015

by LITERALLY AN ADMIN

Guest2553 posted:

My brokerage allows you to use 401/Roth accounts to fuel margin buying in open accounts. It's set up as a 'you lend yourself the money :downs:' kind of thing and somehow structured to not run afoul of securties laws and I've no doubt loads of people lose loads of money over it.
I have never done any margin buying and I am unsure of the tax consequences for the specific setup you described.

But honestly, I don't think margin buying is necessarily a bad thing. If you are only borrowing 20 cents on a dollar of collateral, the market will be unlikely to fall so much that a margin call is triggered (although I suppose this depends on the specific threshold imposed by the brokerage). So, if you have the funds to cover any shortfall, why not?

I am not claiming that it is an excellent idea. I am saying that it is not necessarily a terrible idea for ***some*** people. Assuming you get a decent loan rate.

EAT FASTER!!!!!!
Sep 21, 2002

Legendary.


:hampants::hampants::hampants:

John Smith posted:

I am not claiming that it is an excellent idea. I am saying that it is not necessarily a terrible idea for ***some*** people. Assuming you get a decent loan rate.

Almost certainly not a good idea for THIS person, though.

I Like Jell-O
May 19, 2004
I really do.

John Smith posted:

I have never done any margin buying and I am unsure of the tax consequences for the specific setup you described.

But honestly, I don't think margin buying is necessarily a bad thing. If you are only borrowing 20 cents on a dollar of collateral, the market will be unlikely to fall so much that a margin call is triggered (although I suppose this depends on the specific threshold imposed by the brokerage). So, if you have the funds to cover any shortfall, why not?

I am not claiming that it is an excellent idea. I am saying that it is not necessarily a terrible idea for ***some*** people. Assuming you get a decent loan rate.

You are right that there is nothing fundamentally wrong with leverage (borrowing money to make investments). In fact, used wisely it can be incredibly powerful. The reason we end up talking about it so much in this thread is that humans are really bad at understanding risk, and leverage increases risk in predictable but unintuitive ways. People tend to only focus on the positive aspects of leverage ("I can make three times as much money!"), and dismiss or downplay the negatives ("But I'll only lose three times as much money if the value goes down, and that almost never happens!"). Investing on margin is investing without a net: everything is fine as long as you stay up on the high wire. As soon as you make a mistake, however, you'll just keep accelerating until you got the ground.

n8r
Jul 3, 2003

I helped Lowtax become a cyborg and all I got was this lousy avatar

Sundae posted:

Article courtesy of Hookshot in the Canadian Housing Bubble Thread over in D&D...


http://forums.redflagdeals.com/too-much-creditcard-balance-need-advice-2112548/


How do you even get $200,000 in debt on credit cards? If he really has the house value he thinks he has (depending on which bullshit market in Canada, it's possible) he could sell that and fix the finances, but HOLY GOD, I have panic attacks at the thought of getting anywhere near that level of debt.

Seems like a pretty sweet way to cash in on an absurd housing bubble.

John Smith
Feb 26, 2015

by LITERALLY AN ADMIN

I Like Jell-O posted:

You are right that there is nothing fundamentally wrong with leverage (borrowing money to make investments). In fact, used wisely it can be incredibly powerful. The reason we end up talking about it so much in this thread is that humans are really bad at understanding risk, and leverage increases risk in predictable but unintuitive ways. People tend to only focus on the positive aspects of leverage ("I can make three times as much money!"), and dismiss or downplay the negatives ("But I'll only lose three times as much money if the value goes down, and that almost never happens!"). Investing on margin is investing without a net: everything is fine as long as you stay up on the high wire. As soon as you make a mistake, however, you'll just keep accelerating until you got the ground.
Yup. His case is one of operator error, the tool itself is not flawed.

Guest2553
Aug 3, 2012


As if loose, poorly enforced regulation that acts as a pitfall to the vast majority and benefits a privileged minority was a bug and not a feature.

gently caress you.

Tomfoolery
Oct 8, 2004

There's a subcommunity of "Bitcoin Carnivores" that eat "only from the animal kingdom, and mostly fat":
https://motherboard.vice.com/en_us/article/ne74nw/inside-the-world-of-the-bitcoin-carnivores

Crazy man posted:

The people who tell you to eat your 6-10 portions of indigestible toxic grains a day 'for a healthy and balanced diet' are the same kind of people who tell you central banks have to determine interest rates for a modern economy to function

totalnewbie
Nov 13, 2005

I was born and raised in China, lived in Japan, and now hold a US passport.

I am wrong in every way, all the damn time.

Ask me about my tattoos.

I Like Jell-O posted:

You are right that there is nothing fundamentally wrong with leverage (borrowing money to make investments). In fact, used wisely it can be incredibly powerful. The reason we end up talking about it so much in this thread is that humans are really bad at understanding risk, and leverage increases risk in predictable but unintuitive ways. People tend to only focus on the positive aspects of leverage ("I can make three times as much money!"), and dismiss or downplay the negatives ("But I'll only lose three times as much money if the value goes down, and that almost never happens!"). Investing on margin is investing without a net: everything is fine as long as you stay up on the high wire. As soon as you make a mistake, however, you'll just keep accelerating until you got the ground.

Most people, though, can't afford to borrow to invest. First, the risk people take on much higher than returns in terms of consequences, i.e. you can't really comfortably afford to lose money out of your retirement account and an extra few hundred bucks in it doesn't really help you that much. But more importantly, I think, is that you don't have access to cheap borrowed funds as a normal person who doesn't already have a lot of wealth. And when it comes to investments, you don't have the buying power to get more-favorable-than-normal terms that you would get if you had a lot of money behind you.

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
My perpetually BWM sister-in-law is a good example of over-leveraging and not understanding risk. She gets an insurance settlement and is 'rich' for about six months. In that time frame her husband started/shuttered his own business, complete with corporate debt guaranteed in their name. They also financed a Chrysler, two trucks, a boat, and the foreclosure next to them 'as an investment'. The moment anything went wrong there was no room in that crowded crab shell to compensate. Now one of those cars is wrecked and they can't even afford the deductible to get it fixed.

Their latest idea is to turn their current home into an AirBnB and move into the foreclosure property. They live about 25 minutes from a popular resort area, so it's not the most horrible idea in the world, but their house has one sink. Like there are 2 other sinks, but they don't work. I don't know what the sink situation is in the other house, but they aren't considering that for a rental so it's probably worse.

kw0134
Apr 19, 2003

I buy feet pics🍆

Leveraging because you can get cheap funds at nearly the interbank rate = GWM

Raiding your 401k where you can probably get an index fund any way and earn what the market makes to sink into a speculative instrument = nonsensical risky BWM

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

totalnewbie posted:

Most people, though, can't afford to borrow to invest.

An awful lot of people hold mortgages.

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Xenocides
Jan 14, 2008

This world looks very scary....


Subjunctive posted:

An awful lot of people hold mortgages.

A house should not be primarily an investment.

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