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That is loving GRIM. Holy poo poo. That’s some “I have totally ruined my entire life” tier poo poo and I’m extremely about it.
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Sep 26, 2018 16:58
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I remember reading an article about this 50 year old professional who became a crack whore but it skipped the dirty details of how the actual transition happened. I bet it was this. That's super sad.
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Sep 26, 2018 17:06
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It's like a perfect example of how having money does not in any way prevent you from being a broken human being. Take care of yourselves first, goons. Money won't fix that.
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Sep 26, 2018 17:09
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This might be veering too far into "nothing on the internet is real" but how do you spend $4MM on a divorce, even a contested one? Those lawyers must have loved these people as clients. Spite is the obvious answer.
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Sep 26, 2018 17:23
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H110Hawk posted:Spite is the obvious answer. 
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Sep 26, 2018 17:33
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H110Hawk posted:This might be veering too far into "nothing on the internet is real" but how do you spend $4MM on a divorce, even a contested one? Those lawyers must have loved these people as clients.
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Sep 26, 2018 17:36
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i like that despite making $700k per year and being in their 60s they only had six mil in assets  one of my colleagues who went through a divorce (high paid partner at consulting firm, SAH wife) said that the secret to getting things resolved quickly was not being current with the lawyer - once you fall behind on invoices they assume the money is drying up and they should get it closed out not sure how true it is but i like the concept
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Sep 26, 2018 17:38
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Nocheez posted:12 years combined in lawyers' fees probably had a lot to do with it. 8000 or more hours billed on a divorce is in the territory of "moderately difficult to believe" (as are generally all of these stories that involve sordidly detailed numerical information about other people's finances that friends and relatives generally wouldn't have access to)
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Sep 26, 2018 17:39
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divorce lawyers only bill out at $250/hr? edit: derp they spent four milly on lawyer fees, $500/hr makes sense!
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Sep 26, 2018 17:40
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It definitely feels a little too crazy to believe, but moderately wealthy people with money to spend are notorious for opening bars/restaurants and having them fail miserably because they haze less than zero clue what it takes to run a place like that. And they're known for throwing good money after bad to keep it afloat.
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Sep 26, 2018 17:41
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Divorce breaks brains. Let’s just remember how that actor from 7th Heaven tried to get greedy with his divorce and his ex spilled the beans about him molesting little girls, effectively ending his career. Like if you are ending a partnership with someone with that kind of dirt you don’t dilly-dally over whether they get 40% or 50%. You give them 60% and end that relationship on the happiest note possible.
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Sep 26, 2018 17:46
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50% of 6MM is 3MM, but you only have to spend 1.2MM in lawyer fees before you're worse off even assuming you get a 60/40 split
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Sep 26, 2018 17:50
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Bird in a Blender posted:It definitely feels a little too crazy to believe, but moderately wealthy people with money to spend are notorious for opening bars/restaurants and having them fail miserably because they haze less than zero clue what it takes to run a place like that. And they're known for throwing good money after bad to keep it afloat. Restaurants are a good way to turn a large pile of money into a small pile of money. They are also a good way to turn a small pile of money into a large pile of money. Hard work, good business sense, and luck are all factors. In a lot of the BWM tales the vanity restaurants tend to have absent or barely working owners and they fail quickly. And alcoholism is rampant in the industry so that takes a toll. CannonFodder fucked around with this message at 17:57 on Sep 26, 2018 |
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Sep 26, 2018 17:55
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H110Hawk posted:This might be veering too far into "nothing on the internet is real" but how do you spend $4MM on a divorce, even a contested one? Those lawyers must have loved these people as clients. The divorce part is legitimately the least questionable/surprising part of the story.
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Sep 26, 2018 17:56
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KYOON GRIFFEY JR posted:50% of 6MM is 3MM, but you only have to spend 1.2MM in lawyer fees before you're worse off even assuming you get a 60/40 split Most divorcees would rather spend their last dime than let their partner have a penny
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Sep 26, 2018 18:03
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CannonFodder posted:Restaurants are a good way to turn a large pile of money into a small pile of money. They are also a good way to turn a small pile of money into a large pile of money. Hard work, good business sense, and luck are all factors. In a lot of the BWM tales the vanity restaurants tend to have absent or barely working owners and they fail quickly. And alcoholism is rampant in the industry so that takes a toll. Opening a restaurant is the most expensive way to get yourself a minimum wage job.
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Sep 26, 2018 18:10
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Motorsports puts in a very strong showing on that one. Same joke as the restaurant (and airline) industry - what's the best way to win a small fortune in motorsports? start with a large one
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Sep 26, 2018 18:18
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Nirvikalpa posted:Here's something I found hnnnnngh that's the good stuff. Hooooly poo poo. Never mind that poo poo show of a divorce at the beginning where they could each walk away with 3M and just forget the other existed.
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Sep 26, 2018 18:18
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Hoodwinker posted:Mental illness is a hell of a drug. Opening restaurants is a sign of mental illness
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Sep 26, 2018 18:29
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KYOON GRIFFEY JR posted:50% of 6MM is 3MM, but you only have to spend 1.2MM in lawyer fees before you're worse off even assuming you get a 60/40 split Should have agreed to go 40/40 at the outset, and argue over the remaining 20% until it was resolved or the 20% was spent.
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Sep 26, 2018 18:29
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Well I’m not always right but I have a feeling this guy will not be elected governor of PA https://mobile.twitter.com/adambonin/status/1044938806003204097 Unfortunately PA has lax campaign finance reporting laws, so we may never know what stupid rear end thing he was investing in to lose all his campaign money while the market went up 10%. E: the campaign had 2.2 mil cash on hand going into the spring filing period, has lost 1.4 mil in investments since then Squinky v2.0 fucked around with this message at 19:00 on Sep 26, 2018 |
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Sep 26, 2018 18:54
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Squinky v2.0 posted:Well I’m not always right but I have a feeling this guy will not be elected governor of PA That is bonkers. Not only managing to lose that much money when the market is up 10% overall, but who stores their campaign funds in a brokerage account??? That is 100% illegal on the federal level, but I guess PA let's you. Leon Trotsky 2012 fucked around with this message at 19:01 on Sep 26, 2018 |
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Sep 26, 2018 18:58
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lol, that has to be in Bitcoin.
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Sep 26, 2018 19:00
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EAT FASTER!!!!!! posted:lol, that has to be in Bitcoin.
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Sep 26, 2018 19:02
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EAT FASTER!!!!!! posted:lol, that has to be in Bitcoin. Very well could be, he's a libertarian after all.
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Sep 26, 2018 19:02
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the thread is loving on fire right now
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Sep 26, 2018 19:06
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EAT FASTER!!!!!! posted:lol, that has to be in Bitcoin. Could you invest in Bitcoin in a TD Ameritrade brokerage account ~9 months ago?
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Sep 26, 2018 19:21
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Leon Trotsky 2012 posted:Could you invest in Bitcoin in a TD Ameritrade brokerage account ~9 months ago? someone had a crypto ETF on CBOE i think
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Sep 26, 2018 19:29
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Squinky v2.0 posted:Well I’m not always right but I have a feeling this guy will not be elected governor of PA If only there were a way to separate out losses from commissions. I’m sure his broker is doing fine.
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Sep 26, 2018 20:09
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Where are all the customers’ yachts?
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Sep 26, 2018 20:11
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Leon Trotsky 2012 posted:Could you invest in Bitcoin in a TD Ameritrade brokerage account ~9 months ago? GBTC and yeah you got killed in the last 9 months holding that
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Sep 26, 2018 20:15
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Squinky v2.0 posted:what stupid rear end thing he was investing in to lose all his campaign money while the market went up 10%. EAT FASTER!!!!!! posted:lol, that has to be in Bitcoin. Oh you can lose much more than 10% in the past 9 months. Forgive the self post, but let me share my credentials with you  Note the date! 
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Sep 26, 2018 20:32
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GoGoGadgetChris posted:Oh you can lose much more than 10% in the past 9 months. Holy poo poo Chris this is the best BWM post you’ve made, we literally have to allow this.
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Sep 26, 2018 20:34
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GoGoGadgetChris posted:Oh you can lose much more than 10% in the past 9 months. Think of how many great watches this could have bought instead.
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Sep 26, 2018 20:36
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GoGoGadgetChris posted:Oh you can lose much more than 10% in the past 9 months. This is precisely the correct type of self-posting.
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Sep 26, 2018 20:38
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GoGoGadgetChris posted:Oh you can lose much more than 10% in the past 9 months. Oh god it's GGGC self-posting again and... gently caress, OK, that qualifies.
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Sep 26, 2018 21:03
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Self posting your terrible financial decisions is a service to society as your only remaining contribution is as a bad example. Because holy loving poo poo.
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Sep 26, 2018 21:06
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Buttcoins deliver.
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Sep 26, 2018 21:08
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GoGoGadgetChris posted:Oh you can lose much more than 10% in the past 9 months. Goddamn 
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Sep 26, 2018 21:10
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I am really surprised that investing your campaign funds isn't actually a violation all on its own, never mind doing it and managing to lose a shitload.
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Sep 26, 2018 21:11
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