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That's simply highway robbery for an equity trade
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Jan 13, 2019 20:42
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Subjunctive posted:Depends a lot on the AUM, I guess. I pay $0 for my management fees. So anything higher than that feels like highway robbery. Self administered FTW. I don't think an AUA fee can be charged for 401k or IRA's, so the manager needs to make it up somewhere else - I assume that posters manager has a set fee schedule to make up for it. Sure sounds like it. Highway robbery IMO. Especially if you're contributing 12-26x/yr! Help: Marrying someone with bad debt https://www.reddit.com/r/personalfinance/comments/afhewt/help_marrying_someone_with_bad_debt/ quote:Hi there...please help me relax. I just discovered the following about my fiancé: quote:I pulled the credit report. This is all that is going on. Honestly, I want to know that I don’t need to be liable for this. I want to know that in theory, we will be ok if we just keep things separate, being that the debt is all in her name, not ours. She has closed all her credit cards and is on time with her car payments. I just want to know if it’s possible to not be liable for this even after marriage? SiGmA_X fucked around with this message at 21:42 on Jan 13, 2019 |
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Jan 13, 2019 21:36
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r/askcarsales can be really good to read through every once in a while:quote:I literally got an email from a guy once who is $25k upside down on a Toyota Yaris. “Please let me trade my car” I laughed really hard but deep down it broke my tiny black heart. Don’t read the posts from car sales people complaining about not wanting to pay loads of fees or way above msrp though.
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Jan 13, 2019 22:40
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Not putting money in index funds is bwm https://twitter.com/FinancialTimes/status/1084534980582277120
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Jan 14, 2019 00:10
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brugroffil posted:Not putting money in index funds is bwm your index funds had positive returns in 2018?
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Jan 14, 2019 00:47
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Devonaut posted:your index funds had positive returns in 2018? My index fund definitely didn't drop by 28 loving percent.
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Jan 14, 2019 01:16
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Yeah but my
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Jan 14, 2019 02:02
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Ebola Roulette posted:Yeah no poo poo. It's about to get real bad. As in they're trying to pay the federal WIC fudning for February out to the States early because their mandate for funding ends 31 Jan and they're positive the government isn't going to be back operating in time.
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Jan 14, 2019 07:41
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Liquid Communism posted:It's about to get real bad. As in they're trying to pay the federal WIC fudning for February out to the States early because their mandate for funding ends 31 Jan and they're positive the government isn't going to be back operating in time.
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Jan 14, 2019 07:52
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So with Trump losing support in the polls its unlikely that the Dems are going to back down. So who thinks Trump will (is even capable) of backing down?
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Jan 14, 2019 08:11
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BattleMoose posted:So with Trump losing support in the polls its unlikely that the Dems are going to back down. So who thinks Trump will (is even capable) of backing down? The second the government reopens the headlines will be around the Mueller report. It is not at all a coincidence that this sudden border "emergency" is timed along with when that report is due to come out. There is no backing down on the budget because this isn't about the budget.
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Jan 14, 2019 13:41
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H110Hawk posted:Did you buy that house or not? I need to know which direction to post about it in here. House bought. 
Residency Evil fucked around with this message at 15:52 on Jan 14, 2019 |
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Jan 14, 2019 15:37
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Residency Evil posted:House bought. BWM: not fleecing your Comcast exec previous owner for $15k more.
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Jan 14, 2019 16:21
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I'm no legal scholar but why doesn't Trump just declare a national emergency to fund the wall and then Congress can re-open the government? Ultimately, funding the wall via national emergency will get blocked by the courts and will never be built. Government gets to re-open and Trump can kick the can / shift blame for it not being built to the courts.
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Jan 14, 2019 16:40
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Sock The Great posted:I'm no legal scholar but why doesn't Trump just declare a national emergency to fund the wall and then Congress can re-open the government? Ultimately, funding the wall via national emergency will get blocked by the courts and will never be built. Government gets to re-open and Trump can kick the can / shift blame for it not being built to the courts. That's a big loving can of worms and despite the outward appearance of him just doing whatever he wants he's been more successful than not of knowing which lines to cross and which ones to respect. Having precedent set from the courts on limits on National Emergencies is not something anyone is super keen on doing, which is why his advisers have been telling him not to do it. Some Content Just lost more than $225 dollars because I didnt know tap was usimg my savings account. quote:Anything I can do about this? My bank recently implemented a $25 service charge every time you do a transaction with your savings account. I've been against tap for a long time but recently gave in and got a new debit card. No one told me that the tap uses your savings account and I've been just using it willy nilly for coffee and gas etc. I was looking over my spending in the last month and noticed a $225 dollar service charge that ,I had no idea about. Checked my transactions and sure enough they'd all been going through my savings. Any way I can get the bank to reverse it? Banks are the loving worst
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Jan 14, 2019 16:46
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Lockback posted:Some Content If this is in the US then he's likely hit the federal rule that transactions in excess of 6 per month in a "savings" account must incur a fee. It was made way back in the day to encourage not tapping into your savings. Super dumb that his bank let him do that but still likely on him.
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Jan 14, 2019 17:08
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It doesn't sound like he's talking about withdrawals from savings, but certain types of electronic transactions. I remember once we had an issue where we were letting customers withdraw too much from savings accounts and corporate got freaked out and added a bunch of stricter rules. The amount banks have to keep in reserve is more for savings than checking, so letting people use their savings as a checking can really gently caress up your balance sheets. Or maybe the bank had a smaller fee structure and people were still making too many withdrawals. It's easier to get a savings account if you are a bad credit risk so people have tried to use them as pseudo-checking accounts. Still sounds like he should get a new bank (right after he gets them to refund as many of those fees as possible).
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Jan 14, 2019 17:16
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I'm confused by the line, "I've been against tap for a long time but recently gave in and got a new debit card." That makes it sound like tap (which I guess is a tap-to-pay thing?) was hooked up to the savings account from the start. Additionally, where did OP think the money was coming from? Yeah, $25 per transaction is a lot, but to me it sounds like OP should have been paying more attention.
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Jan 14, 2019 17:32
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~~Tale as old as time~~ I'm impressed at my friends stupidity quote:I got a friend in the Army, I tried to help him buy a car. But he as a FICO of 450 and an avg daily balance in his checking account of negative $205. He says its ok because his bank allows him to go as much as $300 negative...he's also a PFC and makes like $2,000 a month.
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Jan 14, 2019 17:48
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Some 20 year old army guy buying a 2005 Maserati with 125k miles on it? Stop I can only get so erect. I wonder if any bank would finance that.
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Jan 14, 2019 17:54
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I'm honestly surprised he is being allowed to carry a constant negative balance.
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Jan 14, 2019 17:59
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Residency Evil posted:Some 20 year old army guy buying a 2005 Maserati with 125k miles on it? Stop I can only get so erect. Military guarantees you will pay your loans as I recall. It's paperwork they hand to your CO once you don't make a payment and it comes straight out of your paycheck. UCS Hellmaker posted:I'm honestly surprised he is being allowed to carry a constant negative balance. It likely goes briefly positive when he gets paid, then it goes negative when he hits the bars. That being said this is amazing. It's so much better in every way than an old (or new) mustang.
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Jan 14, 2019 18:02
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at least a mustang is reliable god drat
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Jan 14, 2019 19:16
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Kind of surprised a 2006 Quattroporte with 125k miles can’t be bought outright for $500, because seriously that’s about all it’s worth at this point.
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Jan 14, 2019 19:36
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Guinness posted:Kind of surprised a 2006 Quattroporte with 125k miles can’t be bought outright for $500, because seriously that’s about all it’s worth at this point. I bet the salesman’s eyes changed to $$ in a cartoonish way when he found out that this idiot was in the Army and made up a price. “Yeah, it’ll be $2500, oh, plus $500”
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Jan 14, 2019 19:41
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H110Hawk posted:Military guarantees you will pay your loans as I recall. It's paperwork they hand to your CO once you don't make a payment and it comes straight out of your paycheck. That isn't how it works. How it works is, double-jeopardy doesn't apply to service members, meaning both civilian law AND the UCMJ are in force, and you can (and people do) get turbo-hosed by both. A common example is drunk driving: Should you be the unfortunate soul who gets a DWI off base, local/state courts has a crack at you first, and then the UCMJ comes behind them and rams the stick further up your rear end in military court. For debts, the UCMJ is an easy and clear cut path to getting money back from otherwise recalcitrant privates. It's not a loan guarantee - the government isn't going to pay for it, other than by taking it from what they are already paying Pvt. Shitbag, and if Pvt. Shitbag is chaptered out before the debt is paid off Uncle Sam doesn't make up the difference. It is, however, much easier to collect, and has the benefit of getting the debtor in deep poo poo with their command, which helps goad things along even further.
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Jan 14, 2019 19:45
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UCS Hellmaker posted:I'm honestly surprised he is being allowed to carry a constant negative balance. I'd be real surprised if he's been doing this more than a month or two. They'll wait until it goes positive again, take the money to cover the fees/overage, then immediately cut him off from overdraws and/or close the account. My guess is 90 days at most.
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Jan 14, 2019 19:48
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Guinness posted:Kind of surprised a 2006 Quattroporte with 125k miles can’t be bought outright for $500, because seriously that’s about all it’s worth at this point. Cacafuego posted:I bet the salesman’s eyes changed to $$ in a cartoonish way when he found out that this idiot was in the Army and made up a price. “Yeah, it’ll be $2500, oh, plus $500” This may be the saving grace, he might have only spent a couple grand on a poo poo care rather than 40 grand on a Truck. On the scales of PFC-spending-habits this might actually be above median.
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Jan 14, 2019 19:55
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Lockback posted:This may be the saving grace, he might have only spent a couple grand on a poo poo care rather than 40 grand on a Truck. On the scales of PFC-spending-habits this might actually be above median. I just took a look out of grim curiosity and it looks like they run in the mid-teens used. Anyone like gambling?
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Jan 14, 2019 20:05
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Guinness posted:Kind of surprised a 2006 Quattroporte with 125k miles can’t be bought outright for $500, because seriously that’s about all it’s worth at this point. i would buy a 2006 quattroporte with 125k miles for $500, that's probably GWM at that price It looks like a well-maintained low mileage GT-S with the good ZF transmission is like $23K, so he'll be max in the hole like, $10,000 - only 6 mos pay (at 27.9% interest!)
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Jan 14, 2019 20:16
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I’m 26 and I make six figures a year. My girlfriend and I have been seriously considering quitting our jobs and living in a van. Am I insane?quote:Recently my girlfriend and I have been seriously considering leaving our well paying jobs in order to take a shot at this whole van life thing.
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Jan 14, 2019 20:58
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i'm spending only $10k for the van edit: i'm also the 92.5k = six figgies math
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Jan 14, 2019 21:05
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I love it when people assume bonuses will always be there for them.
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Jan 14, 2019 21:12
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KYOON GRIFFEY JR posted:i'm spending only $10k for the van He also is rounding up on his employment time, he apparently started in February, so not even a year.
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Jan 14, 2019 21:30
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If only there was some sort of middle ground between his $92,500/year job and being homeless.
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Jan 14, 2019 21:38
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Easychair Bootson posted:If only there was some sort of middle ground between his $92,500/year job and being homeless.
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Jan 14, 2019 21:42
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"We already live pretty minimally in an 800 sq ft apartment and don’t foresee the limited space being an issue." Does this guy know vans are like 60sf??
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Jan 14, 2019 21:45
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BonerGhost posted:I'd be real surprised if he's been doing this more than a month or two. They'll wait until it goes positive again, take the money to cover the fees/overage, then immediately cut him off from overdraws and/or close the account. My guess is 90 days at most. Why would they do that? You allow three figures in overdraft privilege, collect ~$100 in fees every month... locking him out of that would be very BWM on the bank's part, especially since they probably know he's in the military and they can always go to his CO if he stops paying. Hoodwinker posted:Impossible. He is 26. Full of dreams. Unshackled. Uncontained. There cannot and never will be a soul freer than his. He must fly. He must live in a van for two months until his girlfriend gets really sick of him and disappears on their pit stop through Boulder, taking their petty cash with her. He works remotely, you understand. Like the wind. FW:RE: A ticket came in: Please give The Wind VPN access
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Jan 14, 2019 21:47
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I had friends who did a fairly similar thing but they both put in a lot more time at their jobs, made more money and stashed more of it away, had a real plan of how to make money, and also spent like $35K on an upfit ProMaster with good creature comforts. They also tried out RVing for a couple weeks first to make sure they liked it.
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Jan 14, 2019 21:48
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Yeah I worked with a guy who rocketed to the top of our department, blew up at some people in a public meeting, and then "quit" to travel the country in his van. The van broke down like a month later. basically icarus
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Jan 14, 2019 21:50
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