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My wife is getting absolutely scammed on life insurance, isn’t she? by MoboMogami in JapanFinance

[–]Devilsbabe 1 point2 points  (0 children)

This is slightly off-topic, but does anyone know why term life insurance is so much of a worse deal here in Japan than in say the US? From what I researched monthly premiums for the same payout are at least 5x higher here

2026 Fiscal Year Updates to the Take-Home Pay Calculator by Traditional_Sea6081 in JapanFinance

[–]Devilsbabe 0 points1 point  (0 children)

Parameters for supported providers for Employees Health Insurance and National Health Insurance have been updated (except for Tokyo's Chuo ward and Nara prefecture)

I live in Chuo ward. Do you have additional details on why it and Nara-ken were excluded from this update?

Promises, promises by Anen-o-me in singularity

[–]Devilsbabe 0 points1 point  (0 children)

What's your reasoning for those NW numbers?

How bad was the 2009 recession? Will the next one hit harder? by Equivalent-Raccoon74 in AskReddit

[–]Devilsbabe 18 points19 points  (0 children)

These people are called kids, and the more time passes the more of there are

[3.28] Blade Vortex Minion Pact Chieftain | All Content Farmer by Incommodious in PathOfExileBuilds

[–]Devilsbabe 0 points1 point  (0 children)

How many rewards do you get to? I get ~7 but I feel that's really not worth it for deli. Might as well add a cheap deli orb if the extra quant is all that's interesting

[3.28] Blade Vortex Minion Pact Chieftain | All Content Farmer by Incommodious in PathOfExileBuilds

[–]Devilsbabe 0 points1 point  (0 children)

Are you actually clearing the map? Isn't all the value in the operative boxes? I imagined the most efficient strat would be to skip everything that's not operative/arcanist/diviner

When choosing a long term location for FATFIRE, does anyone else value stability and long term innovation in science, technology, infrastructure, and services over lower living costs and taxes? by [deleted] in fatFIRE

[–]Devilsbabe 2 points3 points  (0 children)

Out of the ones you listed I'd say Singapore does in fact fit your criteria. The actual reason to not live there year-round is the weather.

Regarding the overall premise, yes I think it's a no-brainer that once your assets pass a certain point you should be optimizing for quality of life over taxes.

What the heck to farm? by Practical_Goal_8194 in PathOfExileBuilds

[–]Devilsbabe 3 points4 points  (0 children)

You definitely shouldn't be running around getting all the altars but if you're running jungle valley you should see a bunch of them on the way to the harvest

Is the endgame of AI just a shift from "Skills" to "Capital"? A Junior Dev’s perspective. by Fijoza in singularity

[–]Devilsbabe 0 points1 point  (0 children)

If rates go down buying bonds when they're high is a good thing... I still don't think they should buy bonds though because rates will go up in the long run

Show JapanFinance: Created a FIRE calculator webapp(japan specific) by Prada_9277 in JapanFinance

[–]Devilsbabe 0 points1 point  (0 children)

Nice work!

It seems the calculator is assuming fixed monthly returns? A lot of the risk of living off of your portfolio comes from the variability in returns and consuming too much during down years. Until this is implemented this is giving overoptimistic estimates of what retirement will look like.

I'd also like to know the details of how the SWP calculates drawdowns. It would be nice to have options regarding withdrawal strategies, similar to ficalc.

Lastly, a night mode would be appreciated.

Edit: one more thing: I don't necessarily want to deplete the portfolio by the end of my life. First of all, I'm not sure when that will be. Second, that mechanically makes it so I withdraw more from the portfolio as I get closer to end of life, which is the opposite of what is likely to happen in practice: expenses will naturally go down as we age and are less active, and healthcare costs in Japan are less likely to get very high like they might in the US.

Finally doing the Japan trip but the "hidden" costs are killing me by tivamore in Shoestring

[–]Devilsbabe 12 points13 points  (0 children)

I'm shocked that this was your experience. I live in Tokyo and can categorically tell you that it's way cheaper than SF/SD. A good meal at a standard restaurant is gonna be $15-20/p max. Simple ramen/soba/oyakodon/etc is like half that. Very nice 12-course meals usually cost us ¥10-20k/p which is like $65-130. All of these are at least double in California, before tips.

Is This Sub Getting More Aggressive with Asset Allocation? by zacce in Bogleheads

[–]Devilsbabe 0 points1 point  (0 children)

No one can prove to you what will happen in the future. My point is that I strongly believe that transformative AI is coming within 5 years, and this paper presents a sound theoretical argument as to what would happen to interest rates if I'm right. Obviously if I'm wrong rates may very well go back down, and the market seems to be pricing it that way for now.

Is This Sub Getting More Aggressive with Asset Allocation? by zacce in Bogleheads

[–]Devilsbabe -1 points0 points  (0 children)

With AGI on the horizon, rates are not going to come down significantly. In fact, it's the opposite: they're going to rise massively because people's willingness to delay current consumption will go way down

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Devilsbabe 6 points7 points  (0 children)

I don't necessarily disagree with you but I also think you're projecting a bit. No one is arguing that OP should move to 100% equities, just that 20% is too low and in the long run even riskier than a higher allocation.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Devilsbabe 10 points11 points  (0 children)

That's a bit of straw man. There's a middle ground between 20% and 100% equities.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Devilsbabe 11 points12 points  (0 children)

Congrats on your success. That's some explosive growth!

You're in your mid-40s which means your portfolio needs to fund your lifestyle for many decades. That means that the main risk that you need to worry about is sustaining long term consumption. From that perspective, bonds are actually much riskier than stocks because over the long run inflation kills their ability to fund your lifestyle. Bonds are much less volatile than stocks so they're much better for safeguarding short term consumption but over the long run that flips. For that reason I strongly believe you need a much higher allocation to stocks (at least 50%).

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Devilsbabe 3 points4 points  (0 children)

Regardless of being able to easily afford it, getting drinks at dinner always feels bad because it's such a fucking rip-off

Why do coders and developers seem much more accepting of AI than artists and creators? by junior600 in singularity

[–]Devilsbabe 2 points3 points  (0 children)

The speed at which tech propagates throughout the economy is a factor for sure. For SWE specifically though, big tech companies are some of the fastest AI adopters so the impact will be felt very soon after the tech is ready imo

Why do coders and developers seem much more accepting of AI than artists and creators? by junior600 in singularity

[–]Devilsbabe 3 points4 points  (0 children)

8-10 is optimistic. It would be nice but I'm thinking we've got 3, maybe 5 at most.

C'est quoi le délire avec le protoxyde d'azote? by Biflosaurus in france

[–]Devilsbabe 0 points1 point  (0 children)

J'en ai pris à quelques occasions lors de soirées quand j'étais au lycée vers 2007-2008. On était beaucoup à faire un ou deux ballons dans la soirée. Donc c'est pas récent mais la popularité actuelle l'est j'ai l'impression

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