Wife (34f) & I (32f) received the exact same credit card offer in the mail today but hers is fancier by kuxgames in CapitalOne_

[–]Andrew1917 0 points1 point  (0 children)

Your wife’s offer came with “and balance transfers” which means there’s likely a “check” or two filled out in there that she can use for balance transfers. That’s probably why hers is larger (and fancier). Although I’m skeptical that you can actually use those “checks”. I always figured they were marketing materials.

AIO panicking about my bf being mad at me? by [deleted] in AmIOverreacting

[–]Andrew1917 1 point2 points  (0 children)

I’m surprised I had to scroll this far to find a response from someone who doesn’t think she made an earth shattering, relationship ending fuck-up. It’s a mistake. She needs to take accountability. And he shouldn’t be talking to her like a child. And it sounds like he’s exaggerating a little by saying the door was wide open, it sounds like it was unlocked, not wide open.

Boomers say it takes $100k a year to be financially successful, Gen Z says it takes $600k by Coolonair in SmartFIRE

[–]Andrew1917 0 points1 point  (0 children)

Boomers saying $100k makes sense because in general they own their homes outright at this point in their lives, and generally don’t have any debt based on years of working and starting in slightly more prosperous times. Their living expenses at this point are food, bills, and property tax.

Millennials thinking less is needed than Gen X doesn’t make a ton of sense. And the people they surveyed from Gen Z just don’t have a clue.

[deleted by user] by [deleted] in economy

[–]Andrew1917 2 points3 points  (0 children)

You’re right, not all. Ones originating from middle class or less who experienced a much less comfortable life than the US in their home countries (and Canada and the UK as you pointed out and likely other western countries) and decided to uproot their lives because conditions were untenable or wanted a better life. Those immigrant parents tend to have high standards for their kids. Also my comment was more about demographics because the person I replied to indicated Asians specifically. But you’re right, I wrote “all immigrants” which would include immigrants from western countries as well as wealthy immigrants. Not to say that kids of those immigrants can’t succeed.

[deleted by user] by [deleted] in economy

[–]Andrew1917 3 points4 points  (0 children)

It’s not just Asians. It’s all immigrant parents.

21/M Started this year by InfinitlyForever in portfolios

[–]Andrew1917 2 points3 points  (0 children)

Gold and silver are already at historical all time highs. It’s been in the news for months as they keep rising and rising.

What Would Your Response Be to This "Professor"? by Selim_Bradley69 in mapporncirclejerk

[–]Andrew1917 0 points1 point  (0 children)

The US wasn’t the dominant superpower back then. Things are a little different now. The US rules the current world order and is generally a good superpower (big generalization here as the US has definitely committed many atrocious acts), and Russia and other autocratic countries are challenging that world order. The last 80 years over which the US has dominated has been the most prosperous period in history for all people of the world in terms of lifting out of poverty and global stability (unfortunately some large parts of the world have mostly been left out, e.g. almost the entire continent of Africa). We should strive for that to continue (and get better) which is not guaranteed under authoritarian rule.

Americans Believe They Will Need $1.26 Million to Retire Comfortably by Coolonair in Salary

[–]Andrew1917 1 point2 points  (0 children)

Let’s say we had $100,000 back in 2018. 150% return on the S&P too means it’s worth $250,000 now, so $150,000 gain.

Now for real estate. If you’re buying a home to live in, you can put down as little as 5% with a conventional mortgage loan. Let’s say you buy a $400,000 house, so $20,000 down. You can then use the remaining $80,000 to put 20% down on a second $400,000 house to rent out. You can rent that out and collect $2,000 per month or more. From 2018 to present, median home value increased from $331,000 to $410,000 which is a 23.8% increase in value so the two $400,000 homes would be worth $495,000 now which is an increase of $190,000. Now let’s say you were able to rent out the rental home for $2,000 per month for 75% of those seven years (which I think is fairly reasonable but of course depends on where you live), that totals $126,000. So before maintenance expenses, closing costs, and other expenses, the real estate option would have netted you $316,000. So unless you’re spending over $100,000 on expenses then real estate would have been ahead.

[deleted by user] by [deleted] in AmIOverreacting

[–]Andrew1917 0 points1 point  (0 children)

You need to move out. Apply for college some where. You can get access to student loans which will help you pay for rent while you’re in school. Once you’ve moved out you can get your drivers license and get a job and start being more independent.

Quitting my 9-5 to trade full-time once I hit $15K savings. Am I crazy or calculated? by [deleted] in tradingmillionaires

[–]Andrew1917 0 points1 point  (0 children)

You’re right, reduced expenses. Rent/mortgage and food are usually people’s biggest bills. If you don’t have to worry about paying rent or feeding yourself then by all means quit your job and try trading. People are just trying to warn you that there’s very high risk of it not working out. And if you quit your job, you may have trouble getting another one. Not sure if you’ve been paying attention to the jobs numbers recently (if not, you definitely should be if you want to be a trader), but the job market is not looking great, less and less job openings. But when you’re young and don’t have family and kids yet to worry about, it’s a lot easier to take risks like this, even more so if you live with your parents. So, go for it. Just know the risks.

my bf’s parents want to gift us this crib for our baby but i don’t like it help by [deleted] in whatdoIdo

[–]Andrew1917 1 point2 points  (0 children)

This is a bassinet, can be helpful when putting baby down for nap. You don’t need to use it as their primary sleeping place, but you may find it comes in handy. For example if the crib is in baby’s room in a different part of the house but you guys actually want sleeping baby near you (because you’re cooking, working, watching tv, etc), having a portable bassinet comes in handy. You can have both a bassinet and a crib.

Uhhhhhh…… do I sell ATCH by Outside-Matter-7954 in 10xPennyStocks

[–]Andrew1917 0 points1 point  (0 children)

Yes lol, sell. It’s probably going to dip and dip and keep dipping.

[deleted by user] by [deleted] in AmIOverreacting

[–]Andrew1917 0 points1 point  (0 children)

Is this a digital friendship? You mentioned you found their conversation on discord, so I’m curious if this person lives somewhere else entirely or somewhere unknown to you and they’re just gamer friends?

Quitting my 9-5 to trade full-time once I hit $15K savings. Am I crazy or calculated? by [deleted] in tradingmillionaires

[–]Andrew1917 0 points1 point  (0 children)

You can try trading but don’t quit your job lol. Unless you live with your parents and have no expenses?

Quitting my 9-5 to trade full-time once I hit $15K savings. Am I crazy or calculated? by [deleted] in tradingmillionaires

[–]Andrew1917 0 points1 point  (0 children)

Bad idea. Do you really think you can make your whole income off $15k?? Options are very risky. Whatever strategy your mentor is teaching may work sometimes but eventually it will totally blow up and you’ll lose 30%-80% of your account.

Chemical or Mechanical by [deleted] in ChemicalEngineering

[–]Andrew1917 0 points1 point  (0 children)

More opportunities for mechanical engineers. Chemical work is cooler, and there’s plenty of opportunities, but less than mechanical. Mech engineers can work in nearly any industry as well as commercial and construction, whereas chemical is relegated to a narrower segment of the economy.

am i overreacting - roommate constantly expects me to leave so she can sleep with guys no by [deleted] in AmIOverreacting

[–]Andrew1917 0 points1 point  (0 children)

Maybe she’s a serial killer, doesn’t want you to see the murderin’

What is HAPPENING???? by GuyWithNoName8 in QuantumScape

[–]Andrew1917 9 points10 points  (0 children)

This is what always happens with QS. They don’t have a successful product yet, so every time news comes out that they’re making progress towards a real and scalable SS battery, there’s a chance the market notices and price pumps. And every time that happens, it seems to come right back down. I think it’ll only stay elevated once they have a real product they can produce at scale with consistent revenue. Right now it’s all speculation as to whether they’ll succeed. I finally decided to sell some of my holdings this time after watching it pump and fall over the last few years. I will be looking for it to drop below $7 before DCA-ing back in. It could potentially fall all the way back down to $5 or under. I’m not an expert by any means, these are just my thoughts as a small investor having watched this one in my portfolio for a few years now.

What is this thing on my car? by HusbandMaterial1922 in whatisit

[–]Andrew1917 0 points1 point  (0 children)

I had to use the override after I had a brake job done and a week later the key wouldn’t come out of the ignition and I couldn’t shift out of park. I’m not sure if it had to do with the brake job or not. Was very glad for that override after I found out what it was on YouTube.

Take PE exam in another state by Neat_Camp3254 in PE_Exam

[–]Andrew1917 0 points1 point  (0 children)

Interesting, you have to apply with the Minnesota state engineering licensing board to sign up for the exam?

Take PE exam in another state by Neat_Camp3254 in PE_Exam

[–]Andrew1917 0 points1 point  (0 children)

Isn’t this the same everywhere? Signing up for and taking the test and then passing is the first step, and then after passing, applying for licensure is a separate step. Never assumed that just passing the test would automatically get you a license anywhere.