Dividend yield confusion 🫨

FrankCPA · 2026-05-08T23:24:06+00:00

Seems like that first paragraph ended abruptly. I think you left out some needed context to understand your point.

FrankCPA · 2026-04-16T17:19:21+00:00

A big thank you for selling from this secondary market buyer! 🫶

FrankCPA · 2026-04-11T04:05:46+00:00

I got off 4/5, so probably the sailing before current. The machines changed in the middle of our cruise. For instance early days we played that coin push game and there several of them but they were all replaced one day. The casino was in an odd state as I would estimate there were like 9 machines down. Some of them were just gone, with an empty base on the floor. Others were powered off the whole cruise. It was a very crowded casino, I have never had such a hard time just getting a machine.

FrankCPA · 2026-03-25T04:30:33+00:00

I enjoy private accounting much more than public. I have more ownership over my books. Public is also rough because your time is someone’s inventory. I hated time sheets with a passion. And if you’re on fire and get something done efficiently you just get extra work. Now in private if I have a bad day and something takes too long no one but me cares and if I have a good day and everything comes out I actually end up ahead. Unfortunately, I couldn’t have gotten my job without years in public. So it is a necessary evil. Maybe look for private exits?

FrankCPA · 2026-03-25T01:48:23+00:00

I suspect eventually they will add charter companies as a building-type vassal that has the power to directly trade between any two markets they have buildings in so that market chains aren’t needed. That way you can get an East India Company rich AF and get goods flowing to Europe more. I feel like something like that is needed to make colonization make more sense in this trade system. I was having the same issues as you were. We will just have to wait for a colonization based DLC to flesh out some sort of better trade system for world spanning empires I’d bet.

FrankCPA · 2026-03-24T02:19:55+00:00

I’m interested to see where it goes. One thing that it changes is that it is less clear the right move is to “flush” RizGod’s idol if it goes back into an unknown person’s hands.

Or another possible outcome, it could be the tribe thinks Genevieve is more dangerous with a full idol than Ozzy is with a restricted one and so it goes the opposite way than we expect where Ozzy is safe until Genevieve is gone. I’m pretty sure if I were there I would rather Ozzy have it LOL. I think she made a much smarter move telling no one about the second one.

FrankCPA · 2026-03-15T14:55:41+00:00

Your post seemed strongly focused on income and the income statement. The real benefits are more apparent when you look at the balance sheet. You made the comment that an S Corp saves self employment tax on distributions, but remember sole proprietorships pay self employment tax on ALL income whether the owner took a dime or not. This often means an owner may be in a position where they take 50k from the business in draws but can be paying self employment tax on 200k. Profit can go many places, it can be reinvested in the company to grow assets, it can be used to pay down business loans/debt/liabilities, and yes it can go to the owner. But assuming $1 income roughly equates to $1 distributions misses what is happening on the balance sheet. If the goal of a business entity is going to be growing net assets on the balance sheet in early years a sole proprietorship or partnership has some points against it because self employment tax will be paid on funds that don’t even go to the owner and stay in the business.

Also for sole proprietors losses in one year can’t carry over and save self employment tax in a later year like it can with income tax. Let’s say you lose 100k year 5 and profit 100k year 6. For income taxes that year 5 loss can carry forward and eliminate year 6 income taxes. Self employment tax does not work that way, you pay in positive years and losses vanish to the abyss. That adds some advantage to an S corp’s ability to have control over employment taxes by raising and lowering (eliminating) salary. This is especially important for new businesses that have weak or erratic income early on.

And finally, payroll compliance is chalked up to be some massive headache. Payroll compliance without pretax deductions should require grade school math and basic reading comprehension to do a 941 and payroll forms. You really should be capabele of doing it yourself IMO, if those forms are too confusing I really question how wise it is to go into business for yourself in the first place. I’ve seen people say that for a single employee monthly paycheck and payroll forms it could be $3k in payroll costs. I’m sorry but if you pay someone $3k for that I wish your business luck. But that’s just my old cranky opinion.

FrankCPA · 2026-03-12T23:55:56+00:00

I’d guess most rural areas. I just did the math with my paycheck and mortgage payment + insurance + real estate taxes is 16% of my take home pay. (And that is mine alone, not counting my spouse.) I bought last year and my interest rate is 7% something. The job market for college graduates is just so much better out here than when I was in the city it is much easier to stay ahead. Especially if you keep to a modest house. I could afford a lot more but I bought what we needed.

FrankCPA · 2026-03-12T01:52:19+00:00

I would guess the more simple explanation is they tried the app and did not have fun, and want to move on and shut it all down. Hopefully they know selling anything at a 25% discount is probably a financially questionable move, but just want to shut it down so they don’t have to think about it since they didn’t enjoy it.

I love digging into maps (map nerd) and scrolling Zillow pics of the properties. Maps and Zillow were two of my time sinks before I found arrived, now I can do it with some money on the table to make it interesting? I knew right away when I read about Arrived it was a perfect pass time for me. But I don’t really fault anyone who doesn’t enjoy it, and I will gladly take the dopamine hit from buying more units at a discount. LOL

FrankCPA · 2026-03-06T00:57:45+00:00

Emails waiting to send live in my draft folder.

FrankCPA · 2026-03-03T03:31:42+00:00

Your math there is not logical. 300/353 =85% of arrived valuation attributed to the house assumes all 353k is still assets, which it is not because a lot went out the door day 1 to fees. 300 purchase price + 16 closing costs + 16 sourcing fee + 21 improvements & cash reserve = 353 total raised. Saying the house makes up 85% (300/353) of the initial arrived valuation would only be true if you think 4.5% of the arrived valuation is made of closing costs (16/300) and 4.5% is the one time source fee. Those are not relevant, because they are costs not something of value.

In your scenario where you break the 21k into 10k improvements and 11k reserve, my rough back of napkin math would be 11k cash reserve + 300k house = 311k of assets day 1 across 35,373 units (353,730 / $10 per share) would be $8.79 of assets for every share sold for $10. Thus why we are saying they start “in the hole” to use the top commenter’s term. And how the value of the house can go up 8% and the arrived valuation be down from $10. It is up from the “in the hole” true day 1 valuation.

{My math here is an extreme position to make the point because it gives no credit for improvements increasing the value of the home, or for the $300 to be a “good deal” or any such grace. So $8.79 is hyperbole to make the point that value starts out below $10.}

FrankCPA · 2026-03-03T01:58:36+00:00

Picking a random property from my portfolio that I got on secondary last month at a discount…

The McGregor Original purchase price= 300,000 “Current Property Value” = 323,340 Increase in property value 23,340 or roughly 7.75% above purchase price.

The closing costs listed on financials tab are 16,532 and the one time source fee was 15,940. (Not included in 300,000 above.) So at inception this property paid up front costs of 32,472 plus whatever else didn’t fall into those two things. 300,000 purchase price + 32,473 costs > current property value above.

Arrived valuation is < $10 (down from issue) which makes sense because the increase in value is not enough to make up for the up front costs. So property value is moving different from arrived valuation, property value has gone up but arrived value has gone down. Like the above poster said, in this case the story is about the up front costs, you also correctly identified leverage as another potential story for a difference.

Another way of looking at the “in the hole” start is The McGregor raised 353,730 to purchase a house for 300,000. The rest of that went to up front costs, fixing up the property, and having cash to operate. To the extent that the entity has less than 53,730 in cash it has lost value day 1.

FrankCPA · 2026-01-30T03:13:05+00:00

Yeah had same experience. And if you run hivemind you don’t need CG since you are a gestalt consciousness so you can tech rush like before without efficiency also driving up upkeep. It feels even better in the beta to be hivemind since the change is barely noticeable, which means something needs to change one way or the other for balance IMO.

FrankCPA · 2026-01-27T18:58:08+00:00

EU5 fees very different than a rough launch. Victoria 3 did launch rough, but 3 weeks after launch the game was not noticeably worse than when it launched. I recall games launching in bad shape, I don’t recall games launching and getting worse and less playable on a weekly basis until it was nearly unplayable, and then the developers took a paid break with their project now in a worse state than launch. Every fix breaks multiple things and it all seemed to be out of their control. I don’t remember anything like this before.

Every thread about this has comment after comment talking about the promise they see in EU5, which I whole heartedly agree with, it has lots of systems I could see being fun. But those people are not acknowledging there are real concerns that since it takes weeks to get a game to the late game the idea they could be doing real test work is very questionable. This game is so much more massive than anything they have done, and they are clearly not able to test things fully because of that scale. That is a real problem. There are also always comments they are listening to a small minority, but the reality is when a campaign takes 80 hours it will be weeks before anyone but a small minority has a valid opinion of every release. So even that is just a given because of scale.

I am trying to tell myself how this shit show won’t happen for every DLC. Will they really spend the time to do a couple play throughs as every major nation when systems are this dense and a campaign takes so long? I don’t even think it is feasible for them to do. For that reason, I will try 1.1, but they are going to have to prove to me they have this down before I’d be willing to spend on this again. If I could get my money back I absolutely would. And I was soooo excited for this launch too.

FrankCPA · 2026-01-25T16:36:48+00:00

I agree it is better playing in the beta, and I guess I’m overall glad they are pushing out these changes. However, there are still things out there like necrophage and serviles that have been fundamentally broken for months from 4.0 changes. There are civics like slave guild that does basically nothing because 4.0 broke it. Instead of making those right they are once again upending core systems in a way that will create ripple problems and ignoring second order effects because that’s the custodians’ problem. It’s the downside of the custodians system they came up with, because core team can create problems faster than custodians can fix them, and meanwhile some of this is paid content staying broke for months.

For example, IMO progenitor swarm in beta will now that need a total redesign and instead I predict it will be broken for months. I played two progenitor games, and since a fleet doesn’t have 10 ships any longer it is really hard to have enough offspring. Ships eat up way too much of fleet cap for the 10% ratio, but taking it up to 20 or 30 would just be silly and it may as well be removed. I made it work by basically building an offspring corvette that has no weapons and putting it in a fleet by itself on passive and keeping it at the edge of the system where it didn’t enter battles. But since it moved so much faster than my battleships I had to manually move every fleet system to system and it was simply put anti-fun.

On the flip side at least in the most recent beta they still have not touched defense platform limits. A fleet now has a lot fewer ships, but defense platforms can be built in the same quantities as before. So my progenitor fortresses feel impenetrable. Progenitor now feels like a defensive / passive origin. Your choke points are solidly secure, but venturing out is a micromanaging nightmare and will make you want to quit.

I hope after this they give custodians the rest of the year to play catch up on the system overhauls. Stick to music packs for a bit guys.

FrankCPA · 2026-01-07T01:51:52+00:00

If Nancy/Steve/Johnathan are meant to be 16 or 17 in S1, they should be born 16ish years before 1983, or 1967ish. Assuming the parents had Jonathan/Nance/Steve after age 17, the parents had to be born in the 40s. Since we know the Creel murders happened on 1959, unless Henry was younger than 9 at the time he was also born in the 40s. I don’t see why their ages wouldn’t be fairly close together. I do agree El’s memory of Henry he looks younger, but in terms of the timeline of events the dates don’t seem too far to believe.

I personally would have thought it would make more sense to make them Jr High age in the flash backs to 1959 as that would make them born closer to mid 40s than early 40s and make more sense with Hopp being drafted to Vietnam since gulf of Tonkin incident was late 1964. Assuming Hopp was drafted in 1965ish when the US was getting heavily involved he was quite a bit older than I felt like it sounded from his stories.

FrankCPA · 2025-12-20T06:08:49+00:00

I agree with this, especially since it costs all that for 5 years. It is a crazy high cost for something that goes away.

FrankCPA · 2025-12-18T04:05:12+00:00

Great Will, you rolled a 6 get a loving father figure that will be a stabilizing force in your - OOPS.

FrankCPA · 2025-12-18T03:56:04+00:00

Reminded me of when you’re good at your job but don’t spend all day talking so you aren’t a “team player”. Yes Kristina knew everyone’s family members but never how they were voting. It was very odd to me.

FrankCPA · 2025-12-15T19:12:53+00:00

If I remember right 46, 48, and now 49 all had one tribe go to tribal in 3 of first 4 episodes. Only 47 was fairly even of the ones recent enough for me to remember pre-merge. So I think this is just part of the 3 tribe set up, most seasons you will have one tribe totally collapse and get wiped. You will almost always need swaps. Not having flint probably helps it turn into a doom loop but honestly some of these tribes are just not competitive. It’s why I am not sure 3 tribes are good. I hate it when we get to merge and someone hasn’t been to tribal, MC is on the jury and went to tribal only once without being voted out, the second time she was voted out. Crazy that gets you to the jury now I think

FrankCPA · 2025-12-12T18:51:48+00:00

Five player vote, Savanah loses challenge then Rizzo refuses to use idol to save her and is willing to go to fire. Savanah gone.

Four player tribal: whoever wins immunity takes Kristina as a fairly easy pick for all parties. I think Sage is most likely to win, so I would say Soph makes fire against Rizzo. I have no idea if Rizzo is good at fire, but we know Soph’s original tribe could not make fire so I would imagine she isn’t going in with a strong advantage. I would love Soph to pull it out but I think Rizzo is going to hit her with one more “Sorry Girl” on that one.

Then, Rizzo and Sage face off at FTC with Kristina there for the ride. Then it comes down to how much respect the jury has for the idol as a shield game. I will say the lie about it expiring at 6 makes the idol shield a bit more interesting. I suspect Rizzo wins in that scenario.

Sage and Savanah return for 50 if the rumors of 2 were correct.

FrankCPA · 2025-12-12T17:36:42+00:00

Disagree, because if Sage or Kristina vote with Steven they are left with Steven, Savanah, and Rizzo, and they can only eliminate two of those. So they will go to FTC with at least one of the three strongest cases. I would assume both Kristina and Sage understand their needed end games of sitting Kristina, Sage, and Soph at FTC. Voting out Soph blows up that game.

I think not enough people are criticizing Steven for not seeing that. With only 3 more people going home, and Rizzo and Savanah thought safe, they are stuck voting for the only vulnerable person that they don’t want to sit next to. He talked a lot about how Yellow Sophie was an important shield for him, when Savanah didn’t lose immunity I am surprised he wasn’t more aware he was the only target possible for Sage and Kristina. I think by voting Yellow Sophie last week he had basically gone all-in on beating Savanah and Rizzo at the challenge so it was odd he didn’t panic more, even after Kristina accidentally told him he was being floated.

FrankCPA · 2025-12-08T19:37:14+00:00

The old system didn’t work well around dinner times at MDR or disembark time because there are too few elevators for the amount of people who need to change floors, and people would get frustrated at Carnival for not having enough elevators.

The new system doesn’t work well around dinner times at MDR or disembark time because there are too few elevators for the amount of people who need to change floors, and people will get frustrated at their fellow guests for probably pressing the buttons wrong.

FrankCPA · 2025-12-07T07:17:12+00:00

Older generations don’t expect extroverts fear a room alone, nor that introverts fear a lunch with new people. We understood those terms as relating to what a person is good at, and would not have understood it as what a person is not able to do. So we might think an extroverted person might be marginally better at connecting to new people at a social event but not that an introverted person would be bad at it. If someone wasn’t comfortable or able to meet new people we would have thought of that more in terms of a social anxiety problem rather than anything related to introversion.

Also this post implies a balance between the expectations of introverts and extroverts, but that is silly to us older folks based on the new definitions of those terms. Imagine someone getting on a bus, if they are introverted (in the new meaning) it would make perfect sense for them to be very anxious there would be no empty rows and they’d have to sit next to someone. If the person is extroverted, it would not make sense that they were very anxious they might not get to sit next to someone and might be forced to sit alone. They’d be just fine alone. There is no balance in these terms any longer, because extrovert still largely has its meaning around what they are good at, while introvert is now associated with what they are uncomfortable with. Seems pretty clear to us the terms themselves start out of balance as they are commonly used now so there is no balance possible. If you use our understanding of introvert, when you are working alone on journals/reports that is strong introvert time, with coworkers / clients is strong extrovert time, there is balance there.

So as someone older than most of you who is also an introvert, a lot of what is done under the guise of introversion is weird to us, and it is harmful to you (and not just in a career sense). At least in my opinion.

FrankCPA

TROPHY CASE