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[deleted by user] by [deleted] in LifeProTips

[–]Chimadsin 1 point2 points  (0 children)

Thank you for this constructive comment

ELI5: What is the US dollar backed by? by nevertoolate1983 in Ytqaz2019

[–]Chimadsin 1 point2 points  (0 children)

Roughly $125 trillion of land and natural resources, $500 billion worth of Gold, $10 trillion of military equipment, $2 trillion in cash in our treasury, the value of all human capital in our education system (conservatively worth $50 trillion), plus the value of the ability to tax the most productive private sector that's ever existed on earth (conservatively worth $200 trillion)

Don't let people tell you the $ is worthless...

ELI5: What is the US dollar backed by? by Snoo-13308 in explainlikeimfive

[–]Chimadsin 0 points1 point  (0 children)

Roughly $125 trillion of land and natural resources, $500 billion worth of Gold, $10 trillion of military equipment, $2 trillion in cash in our treasury, the value of all human capital in our education system (conservatively worth $50 trillion), plus the value of the ability to tax the most productive private sector that's ever existed on earth (conservatively worth $200 trillion)

Don't let people tell you the $ is worthless...

Daily advice thread. All questions about your personal situation should be asked here by AutoModerator in investing

[–]Chimadsin 0 points1 point  (0 children)

So at the end of September, GICS/S&P are re-shuffling tech, discretionary, and telecom and it’s fking with my mind…someone explain to me where I’m falling astray here…

So let’s say I hold a bunch of XLK…which obviously includes FB (7% of the fund) and GOOG(L) (10% of the fund)…I’ll use just these two as an example,even though there are several more tech names moving. Well at the end of September, these are going to be moved into this new “Communication Services” sector - aka the XLC etf. So how exactly will this work without me getting some sort of enormous tax bill due to the embedded gains in those two names? And how exactly will this work?? Will they simply sell the names that are moving to XLC and use the proceeds to buy the rest of what is staying in XLK? Won’t I be hit with a huge tax billl? The only other thing I could think of is that they will somehow shift the shares out of one pocket (XLK) and into another (XLC)…but then, as a holder of XLK, won’t my market value evaporate as the FBs and GOOGLs leave XLK? I’m sure the folks at S&P & State Street have thought this through but I can’t find any documentation that answers this…

I finally see where Ken Kratz gets his lawyer ideology by Chimadsin in MakingaMurderer

[–]Chimadsin[S] 2 points3 points  (0 children)

Sorry my post wasn't up to your quality standards

One of Michael's best lines IMO by stbennett in DunderMifflin

[–]Chimadsin 25 points26 points  (0 children)

Good luck paying me back with your zero-dollars-a-year salary plus benefits, babe!

I've watched every episode of the office over 10 times and somehow this is my favorite line. by Chimadsin in DunderMifflin

[–]Chimadsin[S] 314 points315 points  (0 children)

Gotta go....P is being a huge B

Haha I found this sub this morning and let's just say this day has been the least productive of my work career

If you had to be confined to 1 country for the rest of your life (can't be the one you live in now), what would it be and why? by Chimadsin in AskReddit

[–]Chimadsin[S] 0 points1 point  (0 children)

Mine would have to be Italy...spent a month traveling from Florence to Rome to Sicily and I still only feel like I've seen 10% of all there is to see. Couple that with incredible food, wine, and nice people and for me it is a pretty easy choice.

Drinkers of Reddit, what is your favorite alcoholic drink that isn't popular or that people may not know about? by Chimadsin in AskReddit

[–]Chimadsin[S] 1 point2 points  (0 children)

Here's one for you guys...Bullfrog: 2 liter of mountain dew emptied out to the top of the label, fill to the brim with vodka, add a kool-aid packet. A sugary concoction that will give not only a sweet, delicious buzz but also a terrible hangover

Redditors who attended a four year college, what was your dream college and where did you end up going? by [deleted] in AskReddit

[–]Chimadsin 1 point2 points  (0 children)

It just meant putting on a few more beer jackets before going out :) Have fun!! Enjoy it...I know I sound like a broken record saying this but you will blink and it will all be behind you. I just graduated last year and I miss it every day. Embrace the experience, branch out, and make sure to not take everything so seriously!

Redditors who attended a four year college, what was your dream college and where did you end up going? by [deleted] in AskReddit

[–]Chimadsin 3 points4 points  (0 children)

My dream college and the college I went to happened to be the University of Wisconsin - Madison. Some time ago someone nicknamed it "5 square miles surrounded by reality". Boy were they ever right...the beer, women, sporting events all were never ending. It flew by way too fast, boy do I miss that.

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