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Motronic posted:On the timeframes they are talking about it's entirely possible they would have to place a lien with a value exceeding the current value of the property. This seems unpauzible. yeah but every mortgage everywhere secures payment of the interest and fees as well. that's part of the point of such a lien and you just creatively draft to wedge the appreciation in value into the form of a note if a note is actually required in the state you're operating in. and you can put a lien that is way more than the property is actually worth, it just only secures the debt up to the value of the property itself. that happens all the time with corporate debt liens. but yes, they will require local counsel in each state they operate to get the proper number of stamps from the proper place. real property liens are really loving easy to gently caress up and a huge pain in the rear end. real companies securing real debt worth tens to hundreds of millions of dollars routinely gently caress them up.
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Aug 7, 2023 22:08
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evilweasel posted:yeah but every mortgage everywhere secures payment of the interest and fees as well A mortgage lien is distinct from whatever kind of lien they may be going for here and has a clearly defined start date, end date, and exact down to the penny payment schedule. It's not at all like what would need to be done for this not-a-company company. That being said, I think you personally have put more thought into this than they have.
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Aug 7, 2023 22:15
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it came from reddit: My 300K portfolio to retire early. Feasible? (self.investing) quote:Hi, I’m someone at 33 who can’t work well and unfortunately highly sensitive to any stress, so I’m willing to live in a low cost of living place to reduce the time to work. Lucky I have a passport in east Asia. The cost of living is like Japan. post history in /r/digitalnomad and /r/algotrading, which sound like fertile grounds themselves
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Aug 7, 2023 22:52
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Motronic posted:A mortgage lien is distinct from whatever kind of lien they may be going for here and has a clearly defined start date, end date, and exact down to the penny payment schedule. It's not at all like what would need to be done for this not-a-company company. well remember: a mortgage is just a real property lien in this context. we always think of them as securing a mortgage debt for a residence but that's not how they have to operate. you use mortgages for securing corporate debt as well - for example an oil and gas company will have its debt secured by mortgages on its leases. and you can do all sorts of crazy poo poo with corporate debt without busting the mortgage - like PIK interest and a make-whole. you could structure the equity upside basically like make-whole - a fee for repaying the loan that can be very large. but you can gently caress it up and that's why every oil and gas bankruptcy - since they involve thousands of mortgage filings - can have a fight if they were done right there was just a case, Sanchez, where they were not done right and that's costing people tens to a hundred million+
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Aug 7, 2023 23:02
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Vox Nihili posted:it came from reddit: People never factor in estimated inflation! And drat, 10% average expected returns on a portfolio that isn't even completely swinging for the fences? Prolly more for the long term investing thread, but personally I figure maybe I can get 2% over inflation without being extremely risky (and cross fingers for no big drawdown right as we need it). And I'd like to not to eat into my principal at all, so using that criteria, 2% of 300K would mean only 6K/year to live on.
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Aug 7, 2023 23:22
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Vox Nihili posted:it came from reddit: This is a broker trying to pump ARCC, isn't it? Pushing past the futility of the plan at large, how in the world did he pick an uninteresting mid-market BDC for 20% of his portfolio? quote:It’s for stable cash flow, so I don’t need to sell too much stocks. Selling stocks feels stressful. Look the beautiful dividend curve: https://www.macrotrends.net/stocks/charts/ARCC/ares-capital/dividend-yield-history
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Aug 8, 2023 00:32
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AreWeDrunkYet posted:how in the world did he pick an uninteresting mid-market BDC for 20% of his portfolio? too much time on seeking alpha reading articles like this? 
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Aug 8, 2023 00:52
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Vox Nihili posted:it came from reddit: quote:p.s Assuming one person only. I may accidentally get a family but I don’t want to make this estimation too complicated. How do you "accidentally get a family"? Forget the condom? This person clearly inherited $300k and can't see more than a day into the future. The forecasted return for that portfolio, as a basis for one's lifetime, is  .
Magicaljesus fucked around with this message at 01:28 on Aug 8, 2023 |
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Aug 8, 2023 01:24
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Magicaljesus posted:This person clearly inherited $300k and can't see more than a day into the future. The forecasted return for that portfolio is But they are highly sensitive to stress! Surely this condition is both diagnosable and qualifies for SSDI.
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Aug 8, 2023 01:28
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Just use your 300k to start a proportional heloc company its not a heloc company because you are guaranteed to lose your house to us company.
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Aug 8, 2023 01:38
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buffalo all day posted:gently caress you!!! I mean, it wasn't the greatest post in internet history, but...??? I'm not sure if you hate me, CHAT-GPT, Pauzible or Miley Cyrus. All are perfectly reasonable things to hate. blackmet fucked around with this message at 02:58 on Aug 8, 2023 |
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Aug 8, 2023 02:55
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Magicaljesus posted:How do you "accidentally get a family"? Forget the condom? I mean, that's how most people accidentally got a family in the last century or two.
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Aug 8, 2023 03:04
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blackmet posted:I mean, it wasn't the greatest post in internet history, but...??? the results of chatgpt prompts are my sworn enemy
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Aug 8, 2023 03:06
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buffalo all day posted:the results of chatgpt prompts are my sworn enemy I figured, but try not to just scream gently caress you at people here.
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Aug 8, 2023 03:20
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Baddog posted:I figured, but try not to just scream gently caress you at people here. his response is the only appropriate one when LLM poo poo gets posted
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Aug 8, 2023 03:45
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Oh look we're at this point in the cycle again (from my spam folder): I remember people at work in 2007 (ish) talking about "investing in wine".
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Aug 8, 2023 11:55
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A work of genius from the yospos bitcoin thread:PittTheElder posted:That same dude was hella impressed that someone used a blockchain to invent a virtual pawn shop Shame Boy posted:the full text of the tweet: Later on there's the excellent "audits are all done remotely by video" which is backed up by "community incentives to verify" and the use of "tamper proof tape" to ensure that your watch is delivered to you. Powerful Two-Hander fucked around with this message at 12:58 on Aug 8, 2023 |
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Aug 8, 2023 12:55
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Powerful Two-Hander posted:Oh look we're at this point in the cycle again (from my spam folder): A bunch of those people in nyc got wrecked when the warehouse they all used flooded during Sandy.
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Aug 8, 2023 13:12
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Powerful Two-Hander posted:Oh look we're at this point in the cycle again (from my spam folder): Brand Ambassador Mads Hviid Carlsen?! Wow!!
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Aug 8, 2023 13:16
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LanceHunter posted:It does, which is why they are using the much more romantic term "chef"; a term that appeals to guys like this who would never in a million years take a fast food job. This is an amazing article. True Schadenfreude.
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Aug 8, 2023 13:21
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Powerful Two-Hander posted:A work of genius from the yospos bitcoin thread: Idgi how is the nft at all useful here, and how is this better than just a loan for money and using that money for watches? Or going to a pawn shop. Or just securing a loan with your watch. Is it because doing all this makes fraud easier?
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Aug 8, 2023 15:10
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leper khan posted:Is it because doing all this makes fraud easier? Correct. "That sounds stupid. You must be explaining it wrong." is a common reaction to most crypto shenanigans because they're all scams built on scams.
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Aug 8, 2023 15:13
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Mr. Nice! posted:Correct. Or to facilitate money laundering. Don't forget that use case.
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Aug 8, 2023 15:15
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Motronic posted:Or to facilitate money laundering. Don't forget that use case. I'm reminded of a guy from the UK who posted asking whether he was in trouble for running a monero exchange on his home server. I wonder if any updates to that situation ever came to light.
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Aug 8, 2023 15:19
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hell yes an exciting new opportunity in rum securitizations
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Aug 8, 2023 16:33
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Brewing With Molasses: We've got Mads Hviid Carlsen
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Aug 8, 2023 16:34
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investing in premium rums is great, but really i would like to diversify by buying bundles of common rums with lower risk profiles,
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Aug 8, 2023 16:48
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I prefer to diversify my rum investments with ice and maybe coke or ginger beer.
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Aug 8, 2023 16:51
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Leon Trotsky 2012 posted:Brewing With Molasses: We've got Mads Hviid Carlsen lol
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Aug 8, 2023 16:52
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Leon Trotsky 2012 posted:Brewing With Molasses: We've got Mads Hviid Carlsen
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Aug 8, 2023 16:52
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Mr. Nice! posted:I'm reminded of a guy from the UK who posted asking whether he was in trouble for running a monero exchange on his home server. I wonder if any updates to that situation ever came to light. Pretty sure Barclays had already shut his account and set the balance to negative 500,000 GBP or something while they investigated him for money laundering lol
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Aug 8, 2023 16:53
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leper khan posted:Idgi how is the nft at all useful here, and how is this better than just a loan for money and using that money for watches? Or going to a pawn shop. Or just securing a loan with your watch. It's the "I bought a parcel of land that is going to be a gold mine" scam.The buyer thinks they've got something of value so doesn't look too closely at it and parades around a worthless piece of paper. Leon Trotsky 2012 posted:Brewing With Molasses: We've got Mads Hviid Carlsen Just take my money already!
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Aug 8, 2023 16:54
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lord fifth posted:investing in premium rums is great, but really i would like to diversify by buying bundles of common rums with lower risk profiles, I mix mine together so that I follow the index.
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Aug 8, 2023 16:55
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Where are the rum nfts?
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Aug 8, 2023 16:56
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Guy Axlerod posted:Where are the rum nfts? They’re there if you look, but the exchange only operates on island time
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Aug 8, 2023 17:02
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leper khan posted:Idgi how is the nft at all useful here, and how is this better than just a loan for money and using that money for watches? Or going to a pawn shop. Or just securing a loan with your watch. if it's anything like most crypto businesses the pawn business is not a primary profit driver. it exists as a form of "legitimacy laundering" to get gullible bitcoiners to go "woah this thing OWNS! and is totally a successful company" and invest in the protocol's associated ponzi crypto token. as for why an end user would ever bother... I guess it's a way to liquidate assets for more ponzi-scheme entry tickets without going through kyc/aml regs for touching USD
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Aug 8, 2023 17:05
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Leon Trotsky 2012 posted:Brewing With Molasses: We've got Mads Hviid Carlsen
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Aug 8, 2023 17:15
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Mr. Nice! posted:I'm reminded of a guy from the UK who posted asking whether he was in trouble for running a monero exchange on his home server. I wonder if any updates to that situation ever came to light. Oh, he wasn’t asking if he was in trouble. He was asking how to explain to the bank that he couldn’t be in trouble because following the law was technologically impossible for him so obviously it didn’t apply.
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Aug 8, 2023 17:17
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RPATDO_LAMD posted:as for why an end user would ever bother... Where else are you going to turn your Bangkok special fake Rolex into shitcoins with low trade volume?
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Aug 8, 2023 18:17
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raminasi posted:Oh, he wasn’t asking if he was in trouble. He was asking how to explain to the bank that he couldn’t be in trouble because following the law was technologically impossible for him so obviously it didn’t apply. Ah, yes. Now I recall. orange juche posted:Pretty sure Barclays had already shut his account and set the balance to negative 500,000 GBP or something while they investigated him for money laundering lol Still makes me 
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Aug 8, 2023 18:24
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