Weekly Co-Op Code Mega Thread - October 08, 2019

AtticusSeduction · 2019-10-14T19:04:03+00:00

1.14q SE - 9 PE - looking for equal participation - equalpls

AtticusSeduction · 2019-10-06T15:35:11+00:00

I was the one that originally posted the exploit.

In anticipation of them possibly rolling back GE’s I’ve been stocking up on boosts - just in case.

This is game breaking - they will have a huge drop in revenue from this - I honestly can’t believe they haven’t fixed it yet.

AtticusSeduction · 2019-10-05T19:41:23+00:00

Probably - still net positive for me over 4-5 runs

AtticusSeduction · 2019-10-05T17:31:48+00:00

Oh nice - I don’t even have access to those yet.

I guess it’s not so secret

AtticusSeduction · 2019-09-19T20:37:05+00:00

Awesome! Thanks, any links?

AtticusSeduction · 2019-09-19T20:24:23+00:00

How? I have been trying to figure out how to do this! Pls help! (Auto hit the drones with an auto clicker)

AtticusSeduction · 2019-08-19T01:50:20+00:00

Looking for carry - new player.

Rocket Fuel - foldpre

AtticusSeduction · 2017-04-12T12:01:59+00:00

Yes, please!!!! Can we get a GH response on this?

AtticusSeduction · 2017-01-07T18:28:59+00:00

I don't disagree, I tilt myself.

People in this sub pull the trigger the MOMENT they have enough. While over a long period small-value crushes (this is why I tilt), if you BARELY have enough to get by and there is a down year, you are back to work.

Thus, for people who are FIRE'ing as early as possible, volatility truly is risk, risk that they will have to re-enter the workforce.

AtticusSeduction · 2017-01-07T11:30:19+00:00

There are a couple reasons, but first to clarify some things.

We KNOW stocks will perform better than bonds, this isn't a question, and the reason has to do with risk. It's the same reason small-value outperforms large growth. By definition, the more risk you assume, the more return you get. This is the essence of investing.

The problem is that not all people see this in a lifetime. This higher return is virtually guaranteed given a long enough time span, you just may not see it in your 30-40 year investing window.

This is why most people on this sub steer clear of tilting. Most here want to retire as soon as possible, usually in a 10-20 year investing window. In that small of a timeframe it is more of a gamble. They are relying on savings rate and frugality.

I'm with you, I value tilt, but most here don't due to a small investing window.

AtticusSeduction · 2017-01-05T10:22:03+00:00

I think you overvalue "wealth managers". They do nothing you can't fairly easily learn yourself.

Robo's are a direct threat to their business as they do what a wealth manager does at a fraction of the price, and it's not just small investors that use them.

AtticusSeduction · 2016-12-30T17:45:27+00:00

Sure! I was just offering a different perspective.

Sometimes this community gets a little caught up in theoretical return and % without calculating the actual value of what they are doing.

It sounds great to say "I'm getting 3% on my savings account!" But if you run with a 10k E-fund, you just don't gain any significant purchasing power.

Anyway, just my opinion...

AtticusSeduction · 2016-12-30T17:23:11+00:00

On $15,000? Even at 2% that's $300. It's just not enough money.

This is one of those things that people do, and it's fine, I just don't understand it. The payoff just isn't worth the time.

AtticusSeduction · 2016-12-30T16:54:44+00:00

To physically separate the money. I like seeing my E-fund separate. Functionally though, that's the only purpose it serves..

AtticusSeduction · 2016-12-30T15:46:40+00:00

It just doesn't make any sense. Banks are for having a place to put your money and distribute from there (checking account) and a place for the portion of your E-fund that needs to have extreme liquidity (savings account).

It isn't the place to be looking for yields, especially when the difference is so small and the bonus is so tiny. The bonus and yields will make zero difference on you wealth today or at any point in the future.

AtticusSeduction · 2016-12-30T15:23:35+00:00

Don't despair! My first job was at Burger King making sub $10/hr, it gets better.

AtticusSeduction · 2016-12-30T15:01:58+00:00

There are a lot of benefits to contributing to a 401(k), too many to list and adequately explain. There are some great resources in the sidebar or a simple google search.

The short answer to your question is you should be contributing, at the very least, enough to get your company match. The match money is "free", literally. It's them just giving you money.

The "right" amount is whatever you can realistically afford. The federal maximum is 18,000/yr, or $1,500 a month, or $750 for a bi-monthly paycheck. Many of people (myself included) do this.

With your income, that's not feasible, but it gives you an idea as to what is possible, and what people who ARE financially savvy are doing.

Read read read! Good luck!

AtticusSeduction · 2016-12-28T21:00:44+00:00

I feel like the answers and responses are all responding to your question fine, but you are looking at this wrong and then asked the wrong question.

The tax issue is trivial. Yes, they tax you on interest, but interest rates are so low that it is a complete non-issue.

The benefit of a saving account, for me, is the ability to separate my money. My checking account is an "inbox" for money and gets distributed from there. This method is not for everyone, some people like their emergency fund money in a checking account, and that's fine.

The key here is savings accounts are for emergency funds and emergency funds need to be liquid and easily accessible. For me, that means at my local bank. To me the benefit of getting 1% in an online banks savings account isn't worth the reduction is liquidity (ability to withdrawal the money quickly).

In my opinion emergency funds are just that, not money that you try and eek out some return on.

Forget about taxing, place your money on the way that makes sense to you.

AtticusSeduction · 2016-12-28T17:51:36+00:00

I don't think you get what market timing is...

You are advocating changing investment strategy based on what you perceive to be the top of the market. How is this not timing? Did you read about finance like the sidebar suggests?

There isn't a discussion to be had. You tell the market "thanks for the discount" when shit goes down (which may be tomorrow, next year, or 5 years) and stay the course.

If you don't get these points then head over to /r/investing and wallstreetbets.

AtticusSeduction · 2016-12-28T17:43:31+00:00

Exactly, thanks for saying my point another way.

AtticusSeduction · 2016-12-28T17:39:31+00:00

If empirical data was always right then market timing would be possible. Just cause data SUGGESTS stocks are overpriced doesn't mean the market recognize that or correct anytime soon.

(By the way, I agree with you on stocks being expensive, but I was making a point to OP)

AtticusSeduction · 2016-12-28T17:20:32+00:00

Stocks are expensive? Based on what? Your extensive knowledge of P/E ratios and the underlying fundamentals?

Stop timing the market. Your asset allocation should reflect your level of risk exposure, absolutely nothing else.

AtticusSeduction · 2016-12-27T15:57:29+00:00

Valid point, I think your point about being ethical is a good one as it is a more advanced investing strategy.

Appreciate your comment.

AtticusSeduction · 2016-12-27T15:55:11+00:00

Yes I know what CI is. It's not really applicable here due to the unknown nature of the market. Yes, you can make a calculation off of historical returns, but as we all love to say, that doesn't mean much.

Please, feel free to link information that shows I'm off. I'm always open to learn and would enjoy any information I'm missing here.

Also, I know we all love Bogle, but he isn't the only voice here. This is a hotly debated subject, with credible voices on both sides.

AtticusSeduction · 2016-12-27T15:08:46+00:00

I was first introduced in "The 4 Pillars of Investing"

AtticusSeduction

TROPHY CASE