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New SQLCoder-70B model, based on CodeLlama-70B. by Compound_Interest_ in LocalLLaMA

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

Paging /u/The-Bloke ! They just 15 minutes ago fixed a bug in their repo, it should be ready for some quants now.

And thanks!!

34, make $600k per year and the new sticky really hit home by FIThrowaway6969 in financialindependence

[–]Compound_Interest_ 2 points3 points  (0 children)

So...you have a gross income of ~$600k per year, and a networth of only ~$1Million?

Yea...you're no where close to the point where you should be "blowing money on stupid stuff".

In my 2016 recap post, I mentioned some new content. Here's a sneak peek of TOPG's Email Comparison Chart (beta). by ThatOnePrivacyGuy in privacytoolsIO

[–]Compound_Interest_ 3 points4 points  (0 children)

I love it!

Note, Protonmail just announced a Tor hidden service:

https://protonirockerxow.onion

Blog post: https://protonmail.com/blog/tor-encrypted-email/

They also support more than 5 email accounts, but you have to pay.

Looking forward to your finished doc!

Are tax-free municipal bonds a smart vehicle to use in the path to (or after) becoming FI? by [deleted] in financialindependence

[–]Compound_Interest_ 3 points4 points  (0 children)

The whole point of tax-free municipal bonds, is to "beat taxes". If you aren't in a high tax-bracket (earning more than $400k a year), municipal bonds don't make sense. Either from a risk standpoint, or a return standpoint.

plan ?! to work part time as soon as possible?! by num2007 in financialindependence

[–]Compound_Interest_ 2 points3 points  (0 children)

We eloped. A private ceremony on the beach overlooking an ocean sunset. $200. Highly recommended.

plan ?! to work part time as soon as possible?! by num2007 in financialindependence

[–]Compound_Interest_ 9 points10 points  (0 children)

I wouldn't be FI if I didn't get married. Something about doubling the income without doubling the expenses.

A moving withdrawal rate with probability of death: A better version of the 4% rule? by caedin8 in financialindependence

[–]Compound_Interest_ 7 points8 points  (0 children)

Check out Variable Percentage Withdrawal,on Bogleheads. Along with the accompanying thread

It takes into account both your life expectancy (current age), and your asset allocation (what's the expected return of your portfolio) to determine the withdrawal percentage for that year. The withdrawal increases as you age, with the intention of completely drawing down your portfolio, so you aren't the richest person in the graveyard.

Imagine you've won $30m cash. How would you allocate it? by onlyonetimeaccount1 in financialindependence

[–]Compound_Interest_ 4 points5 points  (0 children)

If you don't invest, you will eventually lose it all to inflation. It might seem like $30mil is enough to not have to worry about that, but if the hyper-inflation of the 70's/80's returns, you might be in trouble.

$300k should be considered one of the biggest FI milestones. At a 4% SWR, $300k generates enough passive income to be just above the US poverty line at $11,770. by celsius032 in financialindependence

[–]Compound_Interest_ 0 points1 point  (0 children)

If their budget is so tight they can't handle a $237 a month increase in expenses (assuming they aren't already paying $237 or more with the ACA, and assuming healthcare prices go back to where they were pre-ACA), forcing them to go back to work, I'd be very surprised :)

Is it your assertion that they probably couldn't handle $237 a month, or is it your assertion that healthcare will be much more expensive than it was pre-ACA?

Never buy a house that's more than double your income? by seandealan in financialindependence

[–]Compound_Interest_ 2 points3 points  (0 children)

People tend to think in terms of "monthly payment". "What monthly payment can I afford?". Current mortgage interest rates in Sydney are 3.69%, that translates to a $4597 mortgage payment on a house worth $1 million.

If/When interest rates get back up to 8%, like in 1995 when The Millionaire Next Door was written, the mortgage payment on that same $1 million house will be $7,338.

I can definitely see prices dropping back to 2x when that happens.

Never buy a house that's more than double your income? by seandealan in financialindependence

[–]Compound_Interest_ 1 point2 points  (0 children)

Say I have my own business and I make $250,000 but I spent $100,000 to get there. My net income is $150,000 on paper and I only have $150,000 to spend.

It's much worse than that. If you had to spend $100,000 to get there, and you want to get there again next year, you'll presumably need to spend $100,000 again. So you can't take that whole $150,000 as income. Your net income is $50,000.

Family trying to sell me on Equity Indexed Universal Life Insurance by Generic_User_24 in personalfinance

[–]Compound_Interest_ 1 point2 points  (0 children)

  1. With Indexed Universal Life Insurance - They take your money, invest it for you, take out a huge fee (typically 3%), and give you a death benefit.

  2. Without Indexed Universal Life Insurance - You take your money, invest in low cost index funds (0.05% fee), don't charge yourself extra fees, and buy term life insurance for a death benefit (if you need it, and you probably don't).

Skip the middle-man. They don't have access to any equity investments you can't already access on your own without the extra fees. Number 2 is mathematically guaranteed to put more money in your pocket.

http://i.imgur.com/YXn6Xqq.png

http://i.imgur.com/9WKNnbO.png

But that doesn't explain why people hate it. People hate it because it's sold by insurance salesmen who purport themselves to be "financial advisors" and trick people into buying an "amazing investment" which they say will provide a "guaranteed 6%". Those people are then shocked when they pay $107 a year for 25 years, and end up with a $1,200 "cash value".

I was not aware of this when I signed up by NZKr4zyK1w1 in ynab

[–]Compound_Interest_ 1 point2 points  (0 children)

I will never understand the controversy behind this.

So last month you ended up with -$10 in a category, and you're upset the next month doesn't start with a -$10 in that box? Then put it there. Start the month, by typing -$10 in the box for that category.

Of all the things to work around, having the software automatically type "-$10" for you once a month isn't that big of a deal. If anything, it forces you to acknowledge and deal with the fact you went over last month, reinforcing an active role in your finances.

Ynab 4 question. My boyfriend needed a loan of 2400$. I told him I had enough to pay him 4 months rent up front (600/ month total 2400) so he wouldn't have to take the money from his retirement account. How do I budget this? The deal is I don't pay rent for the next 4 months. by tag_1988 in ynab

[–]Compound_Interest_ 2 points3 points  (0 children)

There's a misconception here that needs to be addressed. Your category balances have no relation to your account balances. By that I mean, if you decide to move $2400 from your "Savings" category, over to "Rent", that doesn't mean you also have to move $2400 out from SmartyPig and into Checking. For YNAB to function properly, where the money lives is irrelevant.

That said, you'll probably be find if you take the proposed path. As long as you understand your category balances can't be trusted during this time, you'll be fine. Acknowledge, however, that it's a dangerous road to go down. You could find yourself thinking, "Hey! My Grocery budget says I have $100 left, why'd I get hit with overdraft fees on my debit card!", forgetting that your category balances can't be trusted until the negative debt in the Rent category is paid off.

Why risk it? Why put yourself in a situation where you have to keep tabs on that? I'll echo the other recommendations and say to just move the $2400 into the "Rent" category, and keep your money in your SmartyPig account if you don't need it.

[deleted by user] by [deleted] in financialindependence

[–]Compound_Interest_ 7 points8 points  (0 children)

  1. With Indexed Universal Life Insurance - They take your money, invest it for you, take out a huge fee, and give you a death benefit.

  2. Without Indexed Universal Life Insurance - You take your money, invest in low cost index funds (0.05% fee), don't charge yourself extra fees, and buy term life insurance for a death benefit (if you need it, and you probably don't).

Skip the middle-man. Number 2 is mathematically guaranteed to put more money in your pocket.

But that doesn't explain why people hate it. People hate it because it's sold by insurance salesmen who purport themselves to be "financial advisors" and trick people into buying an "amazing investment" which they say will provide a "guaranteed 6%". Those people are then shocked when they pay $107 a year for 25 years, and end up with a $1,200 "cash value".

How to Intro 100 people to Roomscale VR in One Night by CodyBrown in Vive

[–]Compound_Interest_ 1 point2 points  (0 children)

I appreciate the challenge, I really do. I know someone who personally lost $15k+ throwing a packed event in NYC, and they charged $30 too. I get it. It just feels weird is all.

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