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pmchem
Jan 22, 2010


Personal finance alert :frogsiren:

https://www.reddit.com/r/personalfinance/comments/g5hvm5/annualcreditreportcom_is_now_offering_free_weekly/

Check your credit, all 3 services for free, as much as weekly!

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pmchem
Jan 22, 2010


weird question, but, anyone have experience in selling mineral rights (oil and gas)? I have family that has rights to some old tiny oil well in Oklahoma and they want to be rid of it just to not have to deal with the paperwork anymore.

googling this produces various results such as:
https://www.oklahomaminerals.com/sell-your-minerals
http://www.okmineralbuyers.com/
https://www.pheasantenergy.com/oklahoma-mineral-rights/
https://www.momentumminerals.com/oklahoma-royalties.html

but, it's hard to sell how scammy (or related!) those sites might be.

pmchem
Jan 22, 2010


yeah that's pretty much what I told them, talk to a lawyer. they wanted me to "check the internet" lol

pmchem
Jan 22, 2010


https://twitter.com/theamarareport/status/1560236502197702657?s=21&t=QKT2mQd5BfE0v84fWmP8uA

yikes. 450k to 750k appraisal depending on likely race of home owner. clearly a rigorous and unbiased process, eh.

pmchem
Jan 22, 2010


moana posted:

Hard disagree. It's not reducing tax, it's postponing it, and if you have the option to harvest gains at a 0% rate, it's a no-brainer to take the gains. Even at 15%, these are historically low cap gains rates, and I'm guessing we see a hike on those rates in the next couple decades. If you think your AGI will increase in the future or tax rates will increase, it makes a lot of sense to lock in a low 15% tax rate now.

This all depends on the person's agi and future predictions of their personal tax rate and the federal tax rate, of course. But I think it's wrong to say that taking losses is the default best option.

Do you know of any good sites/calculators to help people make decisions in different scenarios about whether to take the tax hit now or later?

I whipped up some python a couple years ago ago about what type of additional percent gain (in 'timing the market') I'd need within a certain timeframe to offset tax hit on selling for gains, if I reinvested in the same thing at some time later. But it was a very simple script.

pmchem
Jan 22, 2010


in recent months a lot of exchange rate fluctuations have been driven by central bank rate changes (or expectations thereof).

hence why the dollar gained against the euro and yen most of last year, with the fed leading rate hikes, but has lost ground since late oct / november (roughly) when the fed slowed down to 50 bps hikes instead of 75. at the same time ECB was getting increasingly hawkish and BOJ started signaling possible policy changes (which more recently led to them allowing their bonds to float in a wider range).

but yeah it's a mess of factors to untangle beyond just opaque central bank plans

pmchem
Jan 22, 2010


KYOON GRIFFEY JR posted:

I can't think of any. In fact I would advocate closing bank accounts ASAP so you have less to keep track of.

If it’s a bank or credit union with a local physical office, it can be useful to have their notary or other services even if you don’t maintain any significant balance with them. That’s been my use case.

pmchem
Jan 22, 2010


ok this might end up being fun

https://twitter.com/tracyalloway/status/1630944009710448642?s=20

hopefully they don't can it after a few weeks

pmchem
Jan 22, 2010


SpelledBackwards posted:

I don't know what any of that tweet means

odd lots is a popular podcast about business, finance, economics and markets:
https://podcasts.apple.com/us/podcast/odd-lots/id1056200096

the bitcoin-avocado thing is just a joke, one of the odd lots hosts used to make charts correlating the prices of the two as a way to poke fun at bitcoin

pmchem
Jan 22, 2010


good example of shareholder activism:
https://arstechnica.com/gaming/2023/04/when-a-plan-comes-together-inside-a-massive-eve-online-corporate-heist/

excerpt:

quote:

When that request “was greeted by silence," Dave said he and some friends in a new corporation started “a discussion… about how to get these assets back. One of our new friends suggested [corporate] shares… so we began to investigate how."

pmchem
Jan 22, 2010


Baddog posted:

I'd be interested in an entrepreneur thread. Insurance is always something that people tend to forget, and is way more expensive than you think it would be.

I had to look back a bit, but there was a startup/entrepreneurship thread here:
https://forums.somethingawful.com/showthread.php?threadid=3438506

it's old and now locked. it someone wants to create a new one, I say go for it. throw a lil' elbow grease into the OP

pmchem
Jan 22, 2010


Bloody Mayhem posted:

Sorry if this has already been addressed, but does anyone have recommendations for a good budgeting/personal finance app or website? I used Mint for a long time, but Intuit is shutting it down.

whole thread for YNAB type discussion:
https://forums.somethingawful.com/showthread.php?threadid=3599364

pmchem
Jan 22, 2010


this trick from the recent state of the forums thread is so incredibly neat, I want to make sure BFC is aware of it:

Pragmatica posted:

something like this already kind of exists: https://forums.somethingawful.com/forumdisplay_all.php?forumid=1

this is all of the most recently posted in threads, regardless of the forum they are in. Archives › General Bullshit (forumid=1) is just the container for them, i guess for the css? i dunno how the tech side works. but it is a fun way to browse the forums.

i have no idea how hard it would be to convert that to a better looking page or "forum." i just have it bookmarked and read the forums like that when looking for new stuff.

also, yeah, there's a state of the forums. check it out.

pmchem
Jan 22, 2010


https://x.com/dasharez0ne/status/1125839557352742913

bfc has a resume thread

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pmchem
Jan 22, 2010


Space Fish posted:

FYI for people who recommend AnnualCreditReport.com -- people can now get a free credit report every week instead of once a year. It was originally a temporary expansion that all three credit bureaus agreed to expand to weekly. Rampant fraud!

wtf, really? i had no idea

FTC site still says this
"Also, everyone in the U.S. can get six free credit reports per year from Equifax through 2026 by visiting AnnualCreditReport.com. That’s in addition to the one free Equifax report (plus your Experian and TransUnion reports) that you can get annually at AnnualCreditReport.com."
https://consumer.ftc.gov/articles/free-credit-reports

edit: ok yeah here's the update https://consumer.ftc.gov/consumer-alerts/2023/10/you-now-have-permanent-access-free-weekly-credit-reports

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