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That dude is absolutely going to be house poor unless his in-laws are contributing significantly. I don't know where he gets his numbers but he will not be saving money over his $2200/mo rental.
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Feb 3, 2015 03:52
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It sounds like a .com boom retard.
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Feb 3, 2015 03:53
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MickeyFinn posted:I assume you think this is a bad idea because he is working for startups. Buying a house that is only 4x annual income seems pretty sane by today's standards. Am I missing something? If he was making $250k as a lawyer or doctor, no problem. But $250k at a startup that could fold? Not good for a mortgage.
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Feb 3, 2015 04:03
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http://www.reddit.com/r/legaladvice/comments/2ukomw/my_best_friend_inherited_control_of_a_trust_fund/ posted:My best friend inherited control of a trust fund for her minor nephew. She invested 95% of the money in RadioShack stock, paying between $3 and $4 a share. She sold it for a fraction of that after that company announced bankruptcy. Could she get sued over this? In NY Wow.
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Feb 3, 2015 05:00
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Propaniac posted:Wow. OK, this has to be the most Bad With Money thing I've read in this thread. I would roll the dice on Haitian penny stocks before I bought Radioshack, Jesus wept.
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Feb 3, 2015 05:19
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Propaniac posted:Wow. quote:The trust originally was half owner of a 3 family house plus owned some shares in mutual funds. The house was sold and my best friend invested all the proceeds in RadioShack stock. Later, she sold the mutual funds and also invested that in RadioShack as well.
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Feb 3, 2015 05:30
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Worst part is, when the kid turns 18 it's going to be hard to explain where all his inheritance went because none of his peers will have heard of Radio Shack. Those parents had better haunt that idiot.
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Feb 3, 2015 05:43
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Whuh, why. How. Who has looked at Radioshack since the early 2000's and thought "This company is going places other then a painful bankruptcy."
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Feb 3, 2015 05:43
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CitizenKain posted:Whuh, why. How. Who has looked at Radioshack since the early 2000's and thought "This company is going places other then a painful bankruptcy." Every time I happen to pass a Radio Shack, I am surprised. "Whoa, those still exist?" They've been nothing but cell phones and, like, two packages of resistors on the back wall, for at least a decade.
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Feb 3, 2015 05:56
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Basically: https://m.youtube.com/watch?v=dqnJ9Guvaaw Replace Blockbuster with Radio Shack.
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Feb 3, 2015 05:56
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Remember when radio shack decided you weren't allowed to buy anything from them without giving them your phone number and address? That's why I stopped shopping there in the late 90s.
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Feb 3, 2015 06:02
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I think reading about people going all-in on GTAT before the early October crash and the moments after were more impressive. People read one article and think that stock is going to the moon like bitcoin. It is terrible to see people come into large windfalls and piss them away thinking they can double their money every day/week/month.
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Feb 3, 2015 06:21
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BouncingBuckyBalls posted:I think reading about people going all-in on GTAT before the early October crash and the moments after were more impressive. People read one article and think that stock is going to the moon like bitcoin. It is terrible to see people come into large windfalls and piss them away thinking they can double their money every day/week/month. Whenever I read about someone losing all of their money, their child's money or reading the SloMo thread all I can envision is the financial version of the following video. https://www.youtube.com/watch?v=bsxfbCMGxkY
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Feb 3, 2015 07:46
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Anyone who has been in a radio shack in the past 10 years knows that this woman is a moron. Reading that gave me the willies. Another gem from about a year ago linked in the comments (sorry if this was already linked when it was originally posted): http://www.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/ posted:The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling. Last year my father passed away (my mother passed away from cancer many years ago), and my sister and I were left with a large inheritance. I am 23 and my sister is only 17 (parents had us when they were somewhat older. The inheritance was placed entirely in my control to be split between my sister and I. He did not want her to have access to the money until she turned 21. I am tasked with assisting her with college payments, etc. I chose to liquidate the majority of the assets and was left with around $750,000. I am bitter about this because I was ripped off by a shifty individual taking advantage of my ignorance on some things. I should have gotten much more than I did. Praying that this dude was a troll.
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Feb 3, 2015 13:17
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Not a Children posted:Anyone who has been in a radio shack in the past 10 years knows that this woman is a moron. Reading that gave me the willies. Look into your heart, you know that this post was true.
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Feb 3, 2015 13:23
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Not a Children posted:Anyone who has been in a radio shack in the past 10 years knows that this woman is a moron. Reading that gave me the willies. And suddenly I feel ill
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Feb 3, 2015 13:25
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Not a Children posted:Anyone who has been in a radio shack in the past 10 years knows that this woman is a moron. Reading that gave me the willies. Wow, what a loving dick. Also, how is it a collage's business if a freshman has a car or not?
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Feb 3, 2015 13:50
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Not a Children posted:Anyone who has been in a radio shack in the past 10 years knows that this woman is a moron. Reading that gave me the willies. I don't think this guy is a troll. Looked thru that guy's history and he is now posting in /r/opiates. One of his posts say he would stop when he the amount he has left is 150k. quote:It is $130K not $150K. If I get down to $150K I will stop, is what I said. I am going to trade differently this time and am looking for advice on how to do that... Another of his post prior to that, he was bragging/ridiculing people about not having money. quote:I have seen you make a similar post within /r/apple at least once before. Apple products are luxury goods for individuals with high incomes. $1800 is not a lot of money to many of us. Whether I buy a $500 laptop, a $1800 laptop, or a $5000 laptop makes no difference to me financially. This is the most schadenfreude I've enjoyed for a long time. Dude lost 1.2mil of inheritance for him and his sister and is now a drug addict. I do feel bad for the sister though. lostleaf fucked around with this message at 13:54 on Feb 3, 2015 |
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Feb 3, 2015 13:51
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If he's not a troll, he is definitely mentally ill. He's beyond narcissism, that's some full-blown distorted reality poo poo and I wouldn't be surprised if he ends up as a crazy street bum
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Feb 3, 2015 13:56
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"The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling." What a good sentence.
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Feb 3, 2015 14:03
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MrOnBicycle posted:Also, how is it a collage's business if a freshman has a car or not? If she lives in a dorm, there are probably a limited number of parking spaces.
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Feb 3, 2015 14:05
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Super Dan posted:If she lives in a dorm, there are probably a limited number of parking spaces. Yup. My school gave out a limited number of parking passes, and they straight up told us that there was exactly a 0% chance we'd get a pass as a freshman. It was weighted to give higher preference to higher classes and commuters.
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Feb 3, 2015 14:08
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http://www.bloomberg.com/news/articles/2015-02-02/how-we-re-spending-our-windfall-from-cheap-gasquote:Charles and Cheryl Saul are reaping a timely windfall: an extra $500 a month thanks to cheap gasoline.
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Feb 3, 2015 14:27
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ohgodwhat posted:http://www.bloomberg.com/news/articles/2015-02-02/how-we-re-spending-our-windfall-from-cheap-gas At least someone in that article has some sense: quote:Having lived through so many false dawns, some Americans aren’t exactly spending with abandon. Evan Lee, a 42-year-old lab manager from Queens, New York, is going out more but most of the $20 or so savings per tank is going right in the bank.
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Feb 3, 2015 14:43
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$500 in a month. Cripes. So, assuming a rounded drop of $1.75, they burn through over 280 gallons of gasoline a month. How? Why? For most cars, that's the equivalent of filling up every day and a half. Either they're exaggerating their savings or they drive an RV everywhere. Either way, treating a drop in gasoline like a windfall fit for free-for-all spending is incredibly dumb.
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Feb 3, 2015 14:55
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The worst part of the bitcoin thing is where he thinks that he doesn't have to give his sister poo poo because "it was a verbal agreement."
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Feb 3, 2015 14:59
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Not a Children posted:$500 in a month. Cripes. So, assuming a rounded drop of $1.75, they burn through over 280 gallons of gasoline a month. How? Why? For most cars, that's the equivalent of filling up every day and a half. Either they're exaggerating their savings or they drive an RV everywhere. Either way, treating a drop in gasoline like a windfall fit for free-for-all spending is incredibly dumb. There are people whose jobs require them to drive all over a state throughout the week, regional supervisors etc. Not a fun job to have but some do have it.
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Feb 3, 2015 15:03
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Nail Rat posted:There are people whose jobs require them to drive all over a state throughout the week, regional supervisors etc. Not a fun job to have but some do have it. If that's the case, your business should be paying for your gas. I think you generally can claim .55 per mile.
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Feb 3, 2015 15:19
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Tigntink posted:If that's the case, your business should be paying for your gas. I think you generally can claim .55 per mile. Fair point. I don't know, someone who works in Manhattan but really wants to live in New Hampshire?
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Feb 3, 2015 15:32
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Not a Children posted:$500 in a month. Cripes. So, assuming a rounded drop of $1.75, they burn through over 280 gallons of gasoline a month. How? Why? For most cars, that's the equivalent of filling up every day and a half. Either they're exaggerating their savings or they drive an RV everywhere. Either way, treating a drop in gasoline like a windfall fit for free-for-all spending is incredibly dumb. They both drive 40-miles one way in a big truck or SUV, plus some driving around on the weekend. Based on where they live, that would put their jobs in the Philly suburbs, so it seems plausible, if stupid to people in BFC.
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Feb 3, 2015 15:34
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Nail Rat posted:Fair point. I don't know, someone who works in Manhattan but really wants to live in New Hampshire? They exist. I worked with someone who drove into Long Island (Suffolk, no less, not just past Queens) from Connecticut every single day. It's still not as much gas as this, but I never understood why she did it. There was a huge management/non-management pay gap at that company, but there's no way she was making enough to offset the gas, wear & tear, tolls, and hours spent in the car.
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Feb 3, 2015 15:39
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xie posted:They exist. I worked with someone who drove into Long Island (Suffolk, no less, not just past Queens) from Connecticut every single day. It's still not as much gas as this, but I never understood why she did it. There was a huge management/non-management pay gap at that company, but there's no way she was making enough to offset the gas, wear & tear, tolls, and hours spent in the car.  I drive from Queens to Nassau and I feel like that's too far, I have one of the longest commutes out of the 27 people in my department. How did that person deal with the traffic? Long Island/NYC traffic is loving miserable for most of the day. My commute is about 25 miles, and it takes me over an hour to get home on a reverse commute.
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Feb 3, 2015 15:51
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Omg that bitcoin guy. I remember it at the time but just scrolled through his comment history again because some of his replies are pretty amazing...quote:I "technically" owe my sister $375,000. I only have near to $280,000 left. If I split that with her then I will only have $140,000 for myself left. That isn't enough. GET A JOB rear end in a top hat.
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Feb 3, 2015 16:07
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jaymeekae posted:Omg that bitcoin guy. I remember it at the time but just scrolled through his comment history again because some of his replies are pretty amazing... This is why I think it's a troll. The perfect storm of arrogance and self-deception that is just too terrible to be real.
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Feb 3, 2015 16:09
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Renegret posted:
She just worked very flexible hours. She'd show up at 10am sometimes, and lots of people worked super late there. It's one of those gigantic businesses that almost nobody has heard of because it's still run like a family business. I still never understood it, I can't imagine giving that much of my life to any job.
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Feb 3, 2015 16:16
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xie posted:She just worked very flexible hours. She'd show up at 10am sometimes, and lots of people worked super late there. It's one of those gigantic businesses that almost nobody has heard of because it's still run like a family business. I still never understood it, I can't imagine giving that much of my life to any job. Fair enough, but that makes the traffic manageable. Still doesn't excuse driving in from loving Connecticut. That route will take you over tolls as well, so travel expenses will add up very quickly. I used to work overnights, and it was the loving worst. Going home, I faced rush hour traffic going into NYC. My drive home typically took 2 hours or more for that 25 mile commute, and if I was lucky I'd break 40 MPH at some point on the drive. Most of it was spent in bumper to bumper traffic. There is not enough money in the world that can be offered to me to make me put up with that again.
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Feb 3, 2015 16:53
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For bitcoin guy's sister, the only answer is fratricide.
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Feb 3, 2015 17:04
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Not a Children posted:This is why I think it's a troll. The perfect storm of arrogance and self-deception that is just too terrible to be real. If its a troll, that guy has been in character for a long time. Check out some of his older posts.
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Feb 3, 2015 17:06
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I consider myself very lucky that my minimal dabbling in Bitcoins actually did pay off. I tried mining back when it was around $7, got half a coin, and then decided it wasn't worth it. Sold that half coin when it was around $800. Sure, in hindsight I could have made lots of money. But you could do that with any penny stock if you know its going up. There was a slight temptation to try actually investing in it after that, which thankfully I didn't. I think its down around $300 now?
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Feb 3, 2015 17:08
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Not a Children posted:This is why I think it's a troll. The perfect storm of arrogance and self-deception that is just too terrible to be real. You haven't been reading the Bitcoin thread, have you?
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Feb 3, 2015 17:19
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