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Tired: Lottery pool with your coworkers Wired: Tontine with your coworkers 
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Sep 21, 2021 20:25
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SettingSun posted:Not even an ironclad contract signed collectively between the participants under the gaze of a lawyer will shield from litigation, but it will help. Sirotan posted:If you are in a lottery pool and haven't already gotten all members to sign contracts regulating how the pool is managed you are going to be in for a bad time once Judith in accounting says that actually the $378mil winning ticket is one she bought for herself while also buying tickets for the group. If we ever win (lol) I expect lawsuits and hatred. Followed quickly by having to move out of state.
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Sep 21, 2021 22:35
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FMguru posted:Wired: Tontine with your coworkers That's when you need to get reeeealll suspicious about the person who starts coming in earlier to make the morning coffee for the office
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Sep 21, 2021 22:49
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FMguru posted:Tired: Lottery pool with your coworkers Inspired: A tournament to the death, winner takes all. Whether they know they're in it or not 
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Sep 21, 2021 22:49
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https://twitter.com/yeehawllywood/status/1440094116524670979
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Sep 21, 2021 23:05
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Well I just bought some lottery tickets so if I don't post after Friday it's because I got killed by a relative. Assuming I survive though, I'll buy some terrible avatars with my new found riches.
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Sep 21, 2021 23:11
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Powerful Two-Hander posted:Well I just bought some lottery tickets so if I don't post after Friday it's because I got killed by a relative. Have you decided on a color for your Dodge Durango?
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Sep 21, 2021 23:26
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Motronic posted:Not sure there is a state where it isn't because otherwise this it would be easily used as a dodge from any creditors. When you finally get your hearing the judge asks you if you're trying to avoid debts/parole restrictions/etc, but nothing about if you're trying to anonymize yourself for lottery winnings.  Fame Douglas posted:lmao, imagine getting this greedy about a small share of $500
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Sep 21, 2021 23:27
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Krispy Wafer posted:but some people are hopelessly addicted to the idea of property. I've had people become *very* agitated and almost hostile when I told them I didn't think investing in property or buying a house was the right financial move for me. I told him my wife and I have thought about buying a house but it didn't make sense for us (Bay Area), if not fiscally impossible. Their suggestion was to start small and save. Coincidentally he forgot to mention that him and his wife combined make 4x what my wife and I make combined.
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Sep 21, 2021 23:44
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Sounds like a foal and his money are soon parted.
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Sep 21, 2021 23:51
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obi_ant posted:I've had people become *very* agitated and almost hostile when I told them I didn't think investing in property or buying a house was the right financial move for me. I told him my wife and I have thought about buying a house but it didn't make sense for us (Bay Area), if not fiscally impossible. Their suggestion was to start small and save. Coincidentally he forgot to mention that him and his wife combined make 4x what my wife and I make combined. Bay Area housing market is this, except it's now 1989 and I'm starting to wonder when disco is gonna finally die:  Places over in Berkeley are listing for $1.2m and selling for $1.8+. We're talking modest 3 bed, 1 bath places with knob-and-tube wiring still in place.
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Sep 22, 2021 00:20
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Proposition Castle posted:That reddit lottery post is just a copy/paste of the old rotten.com library article about lottery winners. Great collection of stuff if you can still find it. I don't think the wayback link I used to have still works. https://www.gwern.net/docs/rotten.com/library/index.html Rotten library was great
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Sep 22, 2021 03:47
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Powerful Two-Hander posted:Well I just bought some lottery tickets so if I don't post after Friday it's because I got killed by a relative. Maybe you'll finally be able to change your name to Tooter Skeleton!
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Sep 22, 2021 08:34
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Weatherman posted:Maybe you'll finally be able to change your name to Tooter Skeleton! Oh great, now if I ever actually did it everyone's gonna think I won the lottery!!!
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Sep 22, 2021 09:00
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obi_ant posted:I've had people become *very* agitated and almost hostile when I told them I didn't think investing in property or buying a house was the right financial move for me. I told him my wife and I have thought about buying a house but it didn't make sense for us (Bay Area), if not fiscally impossible. Their suggestion was to start small and save. Coincidentally he forgot to mention that him and his wife combined make 4x what my wife and I make combined. Mortgages in Switzerland are very different than anywhere else I've lived because there's a wealth tax here and so actually owning a huge asset would be a net negative. The solution is that you will eventually own 33% of the object and the bank will give you a 10 year mortgage on the other 67% and you just pay the interest (there's a separate mortgage to get you from the deposit to 33%). There are extremely strict rules about the minimum deposit (20%) and the ratio of earnings to loan repayment amounts. IMHO, that last bit is to keep riff-raff like lottery winners from being able to buy a chalet in Davos or something because sure they could technically buy it outright in cash but their income isn't enough to really afford it. All of that to tell you about this American boomer who's in a club with me and just went off one night about how I'm throwing my money away on rent, you've got to buy a house etc, etc, etc... Later that same night he told me how he couldn't retire because the mortgage for the farm and house he'd inherited from his in-laws was too expensive for his retirement income! Guess if, as an independent contractor, he had done any retirement investing or planning at all. So he had to start his own English school in his house and get enough students in his small rear end village to make enough money to convince the bank that he could get a loan for the house he had been living in for 15 years.
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Sep 22, 2021 09:08
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greazeball posted:Mortgages in Switzerland are very different than anywhere else I've lived because there's a wealth tax here and so actually owning a huge asset would be a net negative. The solution is that you will eventually own 33% of the object and the bank will give you a 10 year mortgage on the other 67% and you just pay the interest (there's a separate mortgage to get you from the deposit to 33%). There are extremely strict rules about the minimum deposit (20%) and the ratio of earnings to loan repayment amounts. IMHO, that last bit is to keep riff-raff like lottery winners from being able to buy a chalet in Davos or something because sure they could technically buy it outright in cash but their income isn't enough to really afford it. a) lol b) The extra fun part is that Swiss mortgages are incredibly low interest and mortgage repayments are tax-deductible. Capital investment aside, my chalet is unbelievably cheap to own. 
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Sep 22, 2021 09:53
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Mortgages in the Netherlands are great tax-wise, because our wealth-tax specifically exempts your primary (first/most expensive) residence. So you basically hide a big part of your net worth from the tax man, and it's designed that way! The interest on your mortgage is also tax-deductible, which is completely stupid but we did it anyway!
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Sep 22, 2021 11:29
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This must be a recent(-ish?) thing health insurance companies are doing whenever the codes come back indicating an injury that someone could be liable for. Our daughter fell off her bike a few months ago and got a mild concussion, so we had an ER visit. 2 weeks ago we got a survey from our insurance company digging for info to see if it's possible we could sue the poo poo out of someone for it. lmao just imagining one day this happens on our own property and our health insurance sues our homeowners insurance. I say lmao, but I'm not actually laughing because I feel like the day is coming where your insurance company forces you to sue yourself so that your OTHER insurance foots the bill...
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Sep 22, 2021 12:06
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please knock Mom! posted:Mortgages in the Netherlands are great tax-wise, because our wealth-tax specifically exempts your primary (first/most expensive) residence. So you basically hide a big part of your net worth from the tax man, and it's designed that way! The interest on your mortgage is also tax-deductible, which is completely stupid but we did it anyway! I can see why countries would have this kind of tax deduction, and it kind of makes sense. Policies like this do inflate the cost of housing though, making it a little counter-productive. For it to be more fair, maybe they could cap the exemption amount to the median cost home in the country. Of course, then you would get the weeping and gnashing of teeth from the people who live in the expensive big cities.
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Sep 22, 2021 12:38
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DaveSauce posted:This must be a recent(-ish?) thing health insurance companies are doing whenever the codes come back indicating an injury that someone could be liable for. Didn’t this already happen with some aunt and her nephew or something?
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Sep 22, 2021 13:27
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Krispy Wafer posted:My brother is just sold his house and is now desperately trying to find another home to buy even though he's unemployed. Last week he's detailing his grand plan to buy a cheap home, fix it up, rent it out, buy another home, and become a land baron or some poo poo. And no, he has no way to pay for this except for a decent chunk of equity he's slowly exhausting. He really needs to just rent for a few years, but some people are hopelessly addicted to the idea of property. find him a wife so she can split his Local H merch on the floor of a divorce court
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Sep 22, 2021 13:36
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Residency Evil posted:Didn’t this already happen with some aunt and her nephew or something? More or less. Her nephew greeted her too hard and she fell and broke her wrist. A quirk in local law meant to get a payout she HAD to sue the person liable despite how nonsensical that is. The media spun this in the worst way.
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Sep 22, 2021 13:52
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DaveSauce posted:This must be a recent(-ish?) thing health insurance companies are doing whenever the codes come back indicating an injury that someone could be liable for. This is always fun between Medicare parts B and D. B covers some vaccines but not all. D covers a little of the what's left but gently caress preventative care in this country, make 'em pay. It gets even worse when it comes to anti-rejection drugs after transplants. If Medicare pays for the transplant all the drugs related to it have to go through part B which is a decent amount of extra paperwork because hey, potentially wasting an organ isn't a big deal. Anti-nausea drugs for chemo patients are similar. As much as I support a single payer system this split coverage bullshit has got to go. Also, obligatory gently caress Humana, CVS/Caremark, and Optim.
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Sep 22, 2021 15:21
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Residency Evil posted:Didn’t this already happen with some aunt and her nephew or something? I believe I also recall a case where a woman was at fault in a car accident where her husband died, and his estate, executed by her, sued her for negligence, and so she was both the plaintiff and defendant.
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Sep 22, 2021 15:21
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CellBlock posted:I believe I also recall a case where a woman was at fault in a car accident where her husband died, and his estate, executed by her, sued her for negligence, and so she was both the plaintiff and defendant. When I was a real estate attorney during the foreclosure crisis I was representing a property owner in a massive easement dispute affecting ~80 houses. As the crisis continued more and more of the parties were foreclosed on and we ended up with a couple banks owning properties on both the plaintiff and defendant sides.
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Sep 22, 2021 16:51
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I'm pretty sure I witnessed a literal Farside or Dilbert comic come to life at work today. - The end of the fiscal year is coming up. - A bunch of people have left or transferred, so there are a lot of open positions. - There have been a few incidents where someone called out sick and because the amount of staff is low, it has caused problems. - Some of those people are new hires and still on their probationary period. My boss wants to dump the people who are "taking advantage" of Covid and calling out sick too often/when not really sick while they are still on their probationary period. She has authorized overtime for certain admin/clerical positions to help HR do an audit and review of all the leave slips for the last year before the end of the fiscal year. They are going to us those as part of the annual review and let people who have been egregious with their sick leave in their first year go. One of the criteria they are using is to flag everyone who used more than 33% of their sick days on a Monday or Friday. They are paying people 1.5x base salary for two weeks to make sure they get this analysis finished before the end of the fiscal year. I'm 50/50 on whether she already knows what the outcome will be and wants to just use it as an excuse to get rid of mediocre, but not obviously terrible new hires, and doesn't think anyone will ask the obvious question vs. she thinks this is a good home-brew algorithm.
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Sep 22, 2021 20:44
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But Mondays and Fridays are exactly 40% of the workdays...
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Sep 22, 2021 20:48
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Nocheez posted:But Mondays and Fridays are exactly 40% of the workdays... That's why I'm leaning towards this being an excuse find some kind of low performance measure for people who are under-performing, but not slam dunk cases to get rid of, and the overtime is just the "cost of doing business." And she's hoping that if they confront anyone about it that those people won't do the math or will feel like they've been caught if they ever did take a sick day when they weren't really sick on a Monday or Friday. The HR peeps are checking social media too and already caught someone having a "dirty 30 vacation" while they were supposed to be quarantined with covid. So, maybe they do know what they're doing. I could legitimately see them thinking that people should be actively avoiding calling out on Monday or Friday and should have as close to 0% as possible. Leon Trotsky 2012 fucked around with this message at 21:07 on Sep 22, 2021 |
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Sep 22, 2021 21:00
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That is 100% a dilbert strip nearly beat for beat
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Sep 23, 2021 00:31
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quote:Considering not putting any more money into my 401k quote:I quit a long time ago. I took the money (even with penalties) and I invested in land. quote:That was how I got the down payment on my house and car. Withdrawing your 401k is an investment you can use now. quote:
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quote:At some point, in the next 1-30 years, the stock market and the dollar is going down for the count. Very soon, our economy will have to shrink, because we can't keep growing and preserve our civilization. quote:The risk you run is that the system DOESN'T collapse in our lifetimes. You must plan for both futures, and that's the biggest "gently caress you" to our generation. quote:Recover means that it suffers. Do you not realize this? If the stock market "always recovers" that means it will always crash and you will always get out less than you put in. quote:Most assets lose exponentially more value than cash in the face of high inflation. If inflation shot to ten percent the results would be the stock market getting cut in half, for instance. https://twitter.com/michael_saylor/status/1435618793036959748 https://twitter.com/nikunjmodi89/status/1435649031909396480
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Sep 23, 2021 04:38
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Update the circles People who don’t know anything about money/economics People who don’t know anything about energy
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Sep 23, 2021 07:16
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DaveSauce posted:This must be a recent(-ish?) thing health insurance companies are doing whenever the codes come back indicating an injury that someone could be liable for. I got one of these loving things for a revision to a surgery I had 3 years ago, I just thought it was the Tricare contractor being cheap. It was really fun and not stressful at all considering it was a $33k+ surgery and they threatened to deny the claim outright if they didn't get my answer in 35 days from the date of the letter...that took 14 days to get to me because USPS is wrecked.
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Sep 23, 2021 08:35
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Bitcoin, water, martial arts: While you were “investing,” I studied THE BLADE doingitwrong fucked around with this message at 11:45 on Sep 23, 2021 |
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Sep 23, 2021 11:38
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Leon Trotsky 2012 posted:https://twitter.com/michael_saylor/status/1435618793036959748 As someone with even a basic grasp of physics and thermodynamics this infuriates me
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Sep 23, 2021 11:51
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doingitwrong posted:Bitcoin, water, martial arts: While you were “investing,” I studied THE BLADE 
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Sep 23, 2021 12:08
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doingitwrong posted:Bitcoin, water, martial arts: While you were “investing,” I studied THE BLADE
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Sep 23, 2021 12:11
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I think the funniest part is that they've convinced themselves that buying land would be meaningful in the event of total societal collapse. Because even though government and the economy have completely collapsed, this piece of paper from the before-times means you and your well-armed gang are going to have to find shelter elsewhere!
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Sep 23, 2021 12:23
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DarkHorse posted:As someone with even a basic grasp of physics and thermodynamics this infuriates me As a power systems engineer, I am completely baffled by how they think energy and electricity work. Also infuriated that they are wasting large amounts of energy on something as useless as this.
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Sep 23, 2021 12:26
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quote:Most assets lose exponentially more value than cash in the face of high inflation. If inflation shot to ten percent the results would be the stock market getting cut in half, for instance. I . . . . what? You heard it here, folks. The correct hedge to hyperinflation is holding cash, not going out and buying a
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Sep 23, 2021 13:02
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DarkHorse posted:As someone with even a basic grasp of physics and thermodynamics this infuriates me Why wouldn't you be on board with frictionless energy. Just think how efficient our systems would be.
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Sep 23, 2021 13:24
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