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Bitcoins are actually looking solid lately, no major scams, price is skyrocketing, and the marketplaces are well equipped with supply and demand. Only thing that would really tank bitcoin is a mass legalization of drugs or some sort of crypto breakthrough.
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May 4, 2017 00:36
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Edit: remembered new rules
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May 4, 2017 04:25
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Leon Trotsky 2012 posted:How much money does a person end up with in each scenario? Scenario A is better for people who are BWM, since they can't gently caress it up by carrying $100 on a credit card and spending the rebate on horse vitamins. Scenario B is better for people who can use a rewards card responsibly, plus it generates more economic activity over giving shovels away unless the shovels actually cost $100 in which case they would have to sell for more.
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Jun 3, 2017 13:32
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KingSlime posted:My old boss had a hell of a time getting my tax forms squared away despite running multiple businesses, something that infuriated me to no end. I don't understand. Based on TB's posts, I assume your boss was a woman?
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Jun 7, 2017 00:14
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Subjunctive posted:Kindly gently caress off. Sorry, I can't hear you over the derailing thread. If BFC tolerates this poo poo, there's no point in my being here. For content, I have a wayward intern dead set on a Tesla S as they make $30 an hour for the summer.
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Jun 7, 2017 00:21
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FrozenVent posted:There's no way to liquidate that much bitcoin to a usable currency at this time, nor has there even been... Well maybe in the heydays of Magic: The Gathering: Online Exchange. BTC are in an incredible bubble right now, and the price shooting up means people are buying with other currencies. We're talking more than 4x returns over the last year. It's crazy gambling, but over the last year it paid off.
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Jun 7, 2017 02:07
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Haifisch posted:I was about to say I couldn't fathom spending that much a month, even if you're eating out literally every meal, but then I saw he's going to fancy places on the reg. Oh yeah, a proper fancy place can easily run $200 for two people for a dinner and a single drink each.
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Jun 13, 2017 23:11
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Virtue posted:Hmm, this ethereum thing sounds like a nifty retirement plan. Brb cashing out my 401k Dude at work invested 2k in ethereum a while back. Now it's worth 250k on paper. Is he selling? You know the answer already.
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Jun 14, 2017 23:12
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Solice Kirsk posted:Are you able to just buy into and out of Ethereum? If it's guaranteed liquid and able to be converted to actual cash with in a business day or something I would consider tossing some throw away money at it. Like if there was ever a cryptocurrency ETF or something I could justify buying into it for a short term investment. Your dream is alive: http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/ According to work dude, there are both BTC and Ethereum exchanges without any withdrawal limits. If he's not selling though, I bet he's never tested that theory. Edit: They also both crashed hard today, 10% for BTC and 13% for ethereum.
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Jun 15, 2017 00:36
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One dirty little secret of STEM jobs is that if you are mediocre or otherwise bad at interviews, you may have a terrible time finding non crap jobs. You need some skill, talent, and passion to succeed, and a degree shows basically none of that to an appreciable extent.
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Jun 17, 2017 00:24
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John Smith posted:Edit: Oops, didn't notice it was a week. Yea, not sure how to feel about it. Actually, now that I think about it, how can he even sign for it personally? Doesn't it have to go through probate and so forth to settle up everything? Having designated beneficiaries allows many accounts to bypass probate I believe.
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Jun 18, 2017 10:30
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Coca Koala posted:Wait, do I understand what's happening here? Did these people have positions to sell all of their ether if the price dropped below a certain point, the price flash-crashed, so everybody's stock got liquidated for basically nothing, and then the price of ethereum bounced back up to what it was before, and now they have nothing? Algo trading 101 if so. Stop loss orders aren't great ideas on high volatility instruments.
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Jun 22, 2017 00:35
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Vox Nihili posted:I can't stop thinking about this line. Guys, take money out of your tax-advantaged account for some hellish trifecta (quadfecta??) of insane gambles!!! While you're at it, throw some tax evasion in there and don't pay any taxes on PredictIt, Bitcoin, or "savings" proceeds! BTC don't do dividends as far as I know, so holding them should indeed be tax free.
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Jun 30, 2017 00:00
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Kanish posted:How the hell do they own that house at a hh income of 34k? Inheritance? That's take home they said, so maybe closer to 60k base, but stil... The utilities are also out of control insane, they should be able to cut those back substantially. And like 100 bags of trash a month, I hope that's a typo.
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Jul 6, 2017 23:10
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Higgy posted:The $500 is for all utilities, $6per visit is for trash which is like, 8-9ish visits for about $50/mo. Still weird, but not insane. 500 is out of control insane unless they have a 4000sq ft. house, particularly given their water is apparently free.
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Jul 6, 2017 23:28
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Illinois raised taxes, retroactive to the start off the year, by passing the first state budget in 2 years. This still didn't begin to solve its budget problem though, and many counties have property taxes in the top 50 in the nation. BWM death spiral/state bankruptcy incoming.
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Jul 11, 2017 20:44
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curufinor posted:so, conjecture. does this analogy follow? Don't troll the trolls please.
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Jul 17, 2017 23:30
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monster on a stick posted:How about a brontosaurus? Holy poo poo, this is proof positive that evolution is correct. They started with dinosaurs and turned into birds!
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Jul 18, 2017 01:27
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Inescapable Duck posted:I really wouldn't, given all the insane poo poo I've heard of HOAs. Though I'm pretty sure a competent lawyer would be laughing maniacally. There is absolutely no way a HOA can sell someone's house from under them, I'm quite sure. (One comment suggests they're going to pretend they're foreclosing on it) The HOA might just decide to litigate the poo poo out of this, raising this couples dues to pay for the defense against the lawsuit they are bringing against the HOA, bringing other lawsuits against the couple for HOA violations, etc. It might eventually all get sorted out in court, but the HOA can gently caress things up for the couple for years if they so desire. Unless the police are interested in taking direct action, the HOA can drag this out big time.
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Jul 23, 2017 17:01
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EAT FASTER!!!!!! posted:On a scale of "capable of working but choosing not to" to "quadriplegia with traumatic brain injury" how disabled do you think this individual probably is? Window licker, but by choice.
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Jul 24, 2017 23:28
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Guinness posted:Honestly though, if I could buy a fully automated washer -> dryer -> folder combo that just meant that I dumped poo poo in the washer and pulled out a folded stack of clean dry clothes I would pay several thousand dollars for it. Easily. If it can handle hand wash and ironing too, you could sell a ton even at 20k a pop to the high end markets.
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Jul 25, 2017 00:08
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EAT FASTER!!!!!! posted:We've looked serially into laundry-bot and for whatever reason the tech just isn't there yet. That (and robo chef?) are going to be in EVERY home of means, though. Who's we? The tech is all there, but I'd expect a six figure price tag minimum today. Downsized industrial robots, optical recognition of clothes and tags, optical reading of tags, safe fallbacks, high res optical for ironing, clothing stress sensors to avoid stretching or tears, etc. It might just be more economical to dry clean everything and hire minimum wage people to run the clothes through.
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Jul 25, 2017 00:36
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If only we educated people like this school. https://www.youtube.com/watch?v=nrrwdsCogbM
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Jul 27, 2017 16:02
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ohgodwhat posted:I wonder how that thread would have gone if the nurse has posted that thread from her perspective? How many replies until someone claimed it was her fault? She does seem to be engaging in some sketchy behavior on the interwebs...
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Aug 8, 2017 23:59
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Ixian posted:Edit: "Couldn't get classes" are you loving kidding me. I bet it's tough to get classes when you wait until the last day of registration or later.
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Aug 15, 2017 23:20
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£100K in the UK is way, way more than $100k in the US because socialism.
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Aug 24, 2017 22:19
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Krispy Kareem posted:Are you sure? I’m probably not reading this right, but income tax on 100k in England is 40% whereas it’s 25% in the US, but the marginal American rate is only 17%. A quick Google didn’t tell me if British taxes are marginal or not. And I have no idea what local or sales taxes work out to. This nanny at least doesn’t have to worry about property taxes or rent. Have you taken into account social security, medicare, and potential self-employment taxes? Compared VAT and sales tax? Don't forget the base exchange rate, which makes 100k GBP 130k USD. Healthcare is only comparable if you don't actually need it. Same with education and a lot of other social safety nets (hence socialism). Ultimately, what I see is that the average software developer in the UK is getting paid much less than the average one in the US, and I'm generalizing heavily. I could certainly be wrong overall.
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Aug 25, 2017 01:41
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ranbo das posted:Wealth is when you're an accredited investor. Some there is an income only qualification, you could be accredited and living paycheck to paycheck
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Sep 28, 2017 16:19
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Tiny Brontosaurus posted:If you can't figure out how being young and having no credit applies to a "just build upon what you started with" plan I don't think there's much help for you. Spoiler, guy whose parents obviously bought his first car: The financing options when you're young are usurious or nonexistent. That's why most young people pay cash for their very cheap first few cars and likely don't finance one for years. If you've got financially illiterate parents, that sucks and you'll be at a big disadvantage. Those with parents that know their financial rear end from their elbow can add their kids as authorized users and do other actions that will create a credit history and score for their kids.
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Oct 7, 2017 18:58
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Tiny Brontosaurus posted:You can be as smart as you want, if you're poor you still don't have money to buy things. But maybe you could skip back to one of the last thousand times this thread had to explain what banking options are like for low-income people. Poors are almost universally BWM because they have failed to grasp the skills necessary to grab onto the income side of the income/savings/investing equation. Understanding the basics of how to live a non-poor life is going to be highly correlated with not living a poor life. Unfortunately, there are a ton of social cues and other things holding poors back from wider acceptance in white collar jobs. Being poor by itself is not a huge contributor, it's a lack of skills and understanding of societal roles. This is quite similar to the upper-middle class trying to break into the upper class. There is a fundamental mindset shift that is almost always required, namely to focus on building relationships that will build wealth (even if that is not the explicit intention), and delaying gratification while playing by the societal rules. I don't pretend to know all of the ins and outs myself, but it should be abundantly clear to any casual observer that there are different rules for different people, and the answer isn't just money, money, money.
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Oct 7, 2017 23:24
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ate all the Oreos posted:So wait are you saying people are poor because they don't understand how to make money better If we define "poors" as those not making much money, then that's drat near a tautology, unless you want to claim that poors don't want to make more money.
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Oct 8, 2017 00:18
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Hoodwinker posted:Dude, don't call people "poors." It's a dehumanizing term. You might think that in light of the stupid arguments this thread has gotten into in the past that I'm being cheeky, but I'm not. Seriously, don't do that. We can talk about the factors that contribute to populations staying poor without doing it. Could, but no, don't care. If SA wants to swing hard left, it (oh wait, is that the right pronoun?) can do it without me.
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Oct 8, 2017 00:25
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ate all the Oreos posted:I don't think that's what he's saying though, because he explicitly mentioned "income" a bunch, to the exclusion of "savings and investment" and talked about skills to get more money That's correct. The skills to pass interviews to better-paying jobs, namely presenting yourself as a personable problem-solver in whatever field that is in demand for the job, is the gateway to middle to upper-middle class life.
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Oct 8, 2017 00:54
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Folly posted:So like class signaling? Exactly, that's a huge part of success. It's not morally correct, but it's reality.
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Oct 8, 2017 00:59
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Fund manager pro tips: http://www.yetanothervalueblog.com/2017/09/22-timeless-lessons-for-our-22nd-month.html?m=1
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Oct 20, 2017 18:39
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ranbo das posted:This is pretty clearly satire There is no satirical with money thread though.
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Oct 20, 2017 22:20
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Guinness posted:Try doing that at a doctor's office or hospital and you'll get nowhere at all. The whole "market based" medical care concept is fundamentally flawed for so many reasons, but if you can't even know what things cost up front then you don't have a market at all. You don't have a transparent market, but you certainly have a market. It's just one with a critical mass of asymmetrical information.
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Oct 21, 2017 20:32
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https://notalwaysright.com/recession-part-70/97384/quote:Caller: “I got a call from the body shop and they told me that the repairs are done.”
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Nov 6, 2017 17:22
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Krispy Wafer posted:Wait, grandparents paying for college is enough of a thing to be in a book? Yeah, you've got to be real careful to avoid BWM kids if you're quite well off. Can't let them think you'll support them past basic subsistence living or they'll be BWM assholes, basically. Personally, I like the idea of a trust that will match whatever they have in IRAs and 401k when they're 30, and donate the rest to charity.
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Nov 9, 2017 01:41
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Staryberry posted:This type of beyond-the-grave control is almost always a bad idea. It means that if one kid goes to med school, and so is late starting their retirement funds, or if another kid decides to work at a non profit, teaching inner city kids to read, they are penalized for not making enough income to maximize their retirement accounts. These would be grandparent to grand kid though. The doctor can do alright without the help, the social worker chose to be poor.
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Nov 9, 2017 14:15
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