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Paul ReiserFS posted:How do you option out a $32k Camry Average new vehicle sold for $35k last year. The Camry is right in the middle of the market, exactly where it's always been.
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Jan 8, 2019 15:31
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Dude just doesn't make enough to support a family of 4 on his own. And his wife can't work because the jobs she'd qualify for as unskilled labor don't pay enough to offset the daycare for two kids (which can easily be $2K/mo at that age in a LCOL area). They're just turbofucked unless they can get some free childcare to let the parents work more.
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Jan 13, 2019 09:01
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Leperflesh posted:I wonder if they depreciated it on their taxes for ten years and then sold it at a profit anyway? Yes, absolutely. But then they had to recognize the recapture. No free lunch on that.
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Mar 3, 2019 04:20
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Devian666 posted:I think after all this time, reading articles and watching documentaries about what has gone on in the financial sector, I have come to the conclusion that a lot of people in the sector either don't understand or barely understand what they are doing. Everything from unusual trading during the flash crash through to banks that were buying junk MBS and CDOs oblivious to the risks. It also reminds me of the hedge fund imploding over XIV. XIV was a daily inverse fund, it did exactly what it was supposed to do when VIX spiked.
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Apr 3, 2019 13:42
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Residency Evil posted:Yeah 529s are pretty sweet. I think you can front load ten years as well or something? There are no annual contribution limits to 529s. Most plans have a lifetime max per beneficiary they'll accept, and you can put that all in at once if you have the scratch.
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Apr 22, 2019 23:43
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Is infant care in Boston really $3300 mo?
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Apr 30, 2019 20:31
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golden bubble posted:Clueless capital gains redditor is bad, but not as bad as Mr. use all your capital gains for wallstreetbets. Hint: Margin calls are a real thing, and you should think about them before betting >100% of you net worth. You also shouldn't daytrade with Uncle Sugar's money. He gets real testy about that.
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Jun 26, 2019 03:25
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EAT FASTER!!!!!! posted:I think while a HELOC is a junior lien to the mortgage, the Homestead Exemption only gets you past the first mortgage. Homestead exemption will only apply to unsecured debt. If you default on a HEL/HELOC they take the house because you explicitly secured the debt with the property.
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Jun 30, 2019 00:57
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Surprised this hasn't been posted already: https://www.bloomberg.com/opinion/articles/2019-10-23/how-do-you-like-we-nowquote:It is one thing to build a successful company that creates a lot of value and take some of that value for yourself; Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend. SoftBank is pumping an additional $9.5 billion into a company they value at $8b, and not only will they not have full ownership, they won't even have a majority of voting rights. Included in that is a literal billion+ dollar severance package for the grifter of a CEO that puts Holmes to shame (but without any of the legal risk). It's all going to go up in smoke as WeWork's burn rate would make even Uber blush. They are gonna re-write MBA textbooks over this one - absolutely epic BWM. SlapActionJackson fucked around with this message at 14:29 on Oct 24, 2019 |
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Oct 24, 2019 14:23
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Photex posted:Haven't seen this posted yet: That's less "loop hole" and more "Robinhood still doesn't understand how to correctly calculate margin under Regulation-T". Dude's short call premiums shouldn't have been marginable specifically so that he couldn't do what he proceeded to do.
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Nov 3, 2019 16:38
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Pershing posted:So if I have a question about my own financial problems, where do I post in BFC? Just make a new thread.
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Nov 3, 2019 20:36
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Asleep Style posted:Didn't something similar happen recently where Robinhood ended up having to eat the whole loss because they would get in bigger trouble if the Yes, this is not the first time RH has let a lightly-informed noob margin themselves to the moon and lose it all. At least in this case, there's no 3rd party RH mas to make whole, they're just owed $40K by an idiot that doesn't have that kind of scratch. Sucks to be them. Asimov posted:What happens to the negative balances in cases like this guy? He's at negative $40,000, does Robinhood ask him nicely to pay it, and then cover it because it wasn't supposed to be allowed to happen? They're now an unsecured creditor of Mr. Guh. Standard debt collection options apply.
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Nov 3, 2019 22:59
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found out?
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Texas does this, too - Deferred Adjudication or Deferred Disposition is used for lots of traffic offenses and other penny-ante fuckery. You enter a "No Contest" plea and pay the fine, the judge defers final entry of judgement for 90, 180 days, whatever. If you comply with the terms of the deal (which are often simply "don't get another ticket/arrest in the time frame"), the judge dismisses the case instead of recording a guilty disposition. After the dismissal you can truthfully state that you were not convicted of the crime, but that deosn't mean the licensing board can't use the fact that you were busted for opiods in denying you an opportunity to sit the boards.
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Nov 4, 2019 06:42
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Motronic posted:Post history includes: That's uncharacteristically prescient for a crypto holder. I wonder how much crypto is going to effectively > /dev/null because people die and take their encryption keys with them.
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Nov 4, 2019 21:08
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uvar posted:Someone else has leveraged their way up on Robinhood from $4,000 up to ~$1,200,000, and there don't seem to be any sanity checks at all: https://www.reddit.com/r/wallstreetbets/comments/drqaro/robinhood_free_money_cheat_works_pretty_well_1/ Absolutely epic. 300x leverage. What could possibly go wrong?
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Nov 5, 2019 19:52
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Youth Decay posted:also I know, right. Clearly EBITDA should be an exponential curve in that scenario. Yes, I know the math on that doesn't work out. But I doubt SoftBank does.
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Nov 7, 2019 05:54
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Foma posted:https://www.espn.com/nba/story/_/id/28078881/how-nba-executive-jeff-david-stole-13-million-sacramento-kings When mid 6 figures ain't enough That has got to be the first time an HR beancounter has been the hero of an ESPN story
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Nov 20, 2019 04:03
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Also, Bill Gates is worth >> €10B
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Nov 25, 2019 22:36
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I notice the current Zuarg thread is locked and he's been probated for a decade. I'm more than a year behind in that thread and it's just the same well-pissing cycle his other threads have been. Anyone care to summarize the BWM that went down for those of us too lazy to give a poo poo about Zagur anymore?
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Dec 1, 2019 03:10
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Bird in a Blender posted:My guess on the insurance thing is that her price spiked because she went from driving an old beater to a brand new car, and surprise, that costs more to insure. Obviously, she did not think through the process of waiting until she had new insurance in hand to cancel. I've had some pretty expensive lessons in life, but that ones a doozy. Apparently she "couldn't document" the driving history she told the insurance company, so they upped the price from $safe_experienced_driver to $risky_noob
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Dec 20, 2019 15:51
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Pekinduck posted:Buyers get around this by shipping it to special "ports" in Switzerland. The "port" is actually a secure facility for storing artwork but while it's there the painting is considered perpetually in transit and untaxable. That's a deferment of VAT/sales/use taxes for the buyer. The seller still owes the 28% collectibles tax on the gain.
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Jan 8, 2020 17:25
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Thanatosian posted:I have a hypersensitive gag reflex; bought a nightguard and used it for ~3 nights before I decided to accept the consequences of not using one. Eventually those fillings become unrepairable, and you'll need to "upgrade" to crowns. Take it from someone who's had 4 in the past several years - it sucks and it's worth some effort from young-you to prevent middle-aged-you from having to deal with it. I wear a night guard that fits snugly on my lower teeth - maybe that style wouldn't be so gag inducing for you?
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Jan 10, 2020 03:31
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Hoodwinker posted:Does this entire subforum just have bruxism or what? In a forum full of ultra type-A people, you're surprised?
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Jan 10, 2020 19:36
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Sundae posted:Someone bought a 3BR 1400sqft house down the road from my apartment for $2.85M. It has a for rent sign out front. Guy wants $7,500 p/mo with a long-term lease, or $10K p/mo with a month-to-month. Tossed a few numbers around, and realized that even at $7,500 a month (and with assumptions of no mortgage, no taxes, no maintenance, no vacancy periods ever), it'll take him more than 30 years to recoup the cost of that house. Chalk up another one to the cult of "housing can't go down in price" b/c that's the only way he could ever even dream of breaking even on that purchase. You're forgetting that the mortgage cost stays fixed, but he can raise the rent 15% a year forever. In 30 years that house will cost a half-million dollars a month to rent and he'll be a billionaire.
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Jan 14, 2020 22:39
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canyoneer posted:That cost basis stuff is so ridiculous and I hate it. Why can't it just show the correct figure on your 1099? Because the IRS changed the reporting rules a few years ago to require the brokerages to report the wrong number. Presumably exactly because people tripped up by the change would overpay instead of underpay?
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Jan 23, 2020 03:28
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Sundae posted:Not exactly. They've clamped down on the practice of not counting it as income for the company. They still do it, but have to actually report the benefit as income for the company. And since the whole point of COLI was a tax dodge, ending the tax-free death benefit killed the incentive to take out the policies on everyone.
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Jan 27, 2020 21:34
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Someone has been trying this trick with houses, too. Just pay us instead of your mortgage, what could go wrong? Houston Chronicle posted:Ron and Ann Jones were watching Fox News one night in early 2018 when they saw a commercial that made them sit up. A company called Synergy Law said it could help people modify their home loans.
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Feb 17, 2020 03:32
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totalnewbie posted:Okay, what does "expired on Friday" mean if someone was able to exercise on Saturday? It means the author is using sloppy language. Auto exercise will happen at the close of trading on friday, but the position may not show up in a retail investor's account until the following day.
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Mar 17, 2020 22:20
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It's a wild time in PetroLand. Fuels and lubes demand fell off a cliff, but the chem part of petrochemicals is still roaring along. This has created a huge product mix problem for the refineries where they want to keep refining chemical feed stocks, but they are literally running out of room to store the refined products nobody wants right now. (Crude producers at least have the option to keep it in the ground. Can't do that with gasoline). Many have resorted to renting idle tankers, filling them with refined product, and parking them in the Gulf. That'll work for another week or two and then? Who knows.
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Apr 18, 2020 20:27
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GoGoGadgetChris posted:Oh my god that is the worst commercial in the universe The commercial is awesome. Too bad they pulled a GM and squandered it on the ELR instead of announcing the Elmiraj would go to production.
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May 15, 2020 20:14
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DisgracelandUSA posted:Why does a Unix admin pay $400 a month to deliver pizzas in a truck? He has got to be the only pizza delivery driver in the us with actual commercial vehicle insurance.
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May 29, 2020 00:07
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kw0134 posted:Because this is America I'm not sure what's the lesser evil, that you're so poor that if you get into an at-fault accident that results in damages greater than the legal minimum of your insurance you're judgment proof anyway and have nothing to give, or that the poor schmuck who crossed paths with your is now also destroyed since he has no real recourse for fate making GBS threads on him. This is what Un-/Under- insured motorist coverage is for. Like Umbrella policies, it is not particularly expensive for most people, and it can ensure you don't get kicked in the nuts twice in a situation like that.
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Jun 7, 2020 03:38
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SpartanIvy posted:The Californian parents who adopted a bunch of black kids for inspirational likes then drove them all off a cliff. Wait, what?
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Jul 8, 2020 01:51
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At today's close, Tesla has a market cap of $464B and a PE of 1300. They are far and away the most valuable automaker and that market cap is about as much as #2-7 are worth, combined, or a third of the total global market cap for automobile manufacturing. Which makes total sense seeing as how 1 out of every 3 cars sold worldwide is a Tesla.
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Sep 1, 2020 02:53
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Trucks with mortgage payments are definitely a thing
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Oct 2, 2020 14:44
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TLX is a $40k car. How on earth do you get a $900 lease payment on one?
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Nov 6, 2020 17:16
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CUV driver spotted
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Dec 3, 2020 02:06
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some guy posted:Very truthfully, I couldn’t stomach the depreciation of actually purchasing a 60k car. However, I might try to wangle myself into a financial position of leasing the car, ideally through a car broker. That way you’re not subject to the massive depreciation of purchasing a 60k car, you’re not forced into the repair schedule of a 60k car, and you don’t have to forge a relationship with a repair guy for a 60k car. You can also trade it in for a car with newer technology, sooner than you could if you owned it. I am amazed at the number of people who are otherwise GWM that don't understand leasing.
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Dec 24, 2020 05:01
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It took a few years of campaigning, but the adults in my family finally agreed to a white elephant gift exchange. Life is so much better this way.
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Dec 28, 2020 03:09
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They'll earn another origination fee, which is how the mortgage industry makes its money. Investors buy the MBS and get your interest payments, so the mortgage originator really doesn't care too much about that. If your current terms are that uncompetitive with the current market, they figure it's only a matter of time until you re-fi anyway, so they might as well beat the competition to the punch and have you re-fi with them.
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Jan 11, 2021 16:23
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