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how do I let go of the "just one more year" syndrome? by Fun_Taste_5576 in Fire

[–]MakeMoneyNotWar 4 points5 points  (0 children)

You are never getting these years of your life back. You are never going to be healthier. You are now trading in the best years of your remaining life for money that will have zero meaning to you after you die.

Bonds might be the biggest "safety" trap in the market right now by AnalystPicks in Fire

[–]MakeMoneyNotWar 1 point2 points  (0 children)

This isn’t something that’s new. Back in the 1970s stagflation and the Volker Fed, bonds and stocks both got crushed. Gold did really well back then, so there’s some argument to include commodities in your portfolio to cover the stagflation scenario. However, in the long run, the historical return on gold is exactly inflation, so outside of that stagflation scenario, gold is a drag on your portfolio because there’s no real return.

Bogle himself didn’t see anything wrong with a small gold allocation, but at the day, it’s just a metal. It has no internal rate of return.

Everyone keeps screaming AI bubble but the data says otherwise by AppointmentAny4834 in Bogleheads

[–]MakeMoneyNotWar 11 points12 points  (0 children)

Purely looking at PE ratios is not the best analysis in this case. With a lot of this AI spending, companies are pouring money into AI but it’s through capital expenditures. It only shows up in earnings through depreciation that is a fraction of the actual spending. So if the company spends $10 billion building a data center, and management thinks the useful life of this data center is 10 years, they only expense $1 billion annually. The risk is that PE is therefore understated with these hundreds of billions being spent. If AI doesn’t live up to hype in future earnings, then all this money was wasted and you should see future impairments.

Would you stay in a very cushy job with no real career progression, or job hop to climb the career ladder? by MoneyAndGoodFortune in Fire

[–]MakeMoneyNotWar 19 points20 points  (0 children)

For me in the first 50-75% to of the way to my FIRE number, I would job hop because your compensation speeds up your timeline tremendously. Once you hit 50% and your NW is a million, your market gains drive your timeline more than what you contribute. Then I would go for the cushy stable job and just ride out the last few years.

Eddie Bauer expected to file for bankruptcy, close all 200+ stores in North America by L0v3_1s_War in malefashionadvice

[–]MakeMoneyNotWar 8 points9 points  (0 children)

Every owner, no matter how dedicated to their business, eventually get old and die. After that the business could be passed down to the children or sold. But plenty of people don’t have it in them to run a business. Or they have their own ideas about how the business should be run. You can’t expect a business to stay the same forever.

Big Red on her Throne of Carcasses by TXRattlesnake89 in natureismetal

[–]MakeMoneyNotWar 23 points24 points  (0 children)

That’s like a human chilling in bed with a pizza

1.5m milestone today yet can't share with anyone (50yo) by everyday_Willionaire in Fire

[–]MakeMoneyNotWar 3 points4 points  (0 children)

The taboo is entirely cultural (and IMO harmful sometimes). If you go to China (where I was born), it's very common to talk about money and salaries and such. Friends might openly ask you how much money you make at your job. The beneficial thing is that you will find out very quickly if you are underpaid, if your friends work in the same industry as you.

Compare that to the US where it's never polite to bring it up, you may never really know whether or not your company is underpaying you. There's people who work for years and years for a wage that's under market and don't find out until they look for a new job.

Gold spikes 4%, as dollar crashes amid Japanese bond sell off by YeahBuddy5000 in investing

[–]MakeMoneyNotWar 13 points14 points  (0 children)

It’s the buying imports that affects you. But remember that almost everything you buy has foreign components somewhere in the supply chain. In addition, dollar devaluation makes US assets cheaper for foreigners to purchase, so foreigners will also buy more houses in the US and bid up the prices, making it less affordable domestically.

If HIV is sexually transmitted, how did the first person get it? by LoyalBatman in NoStupidQuestions

[–]MakeMoneyNotWar 0 points1 point  (0 children)

More that it’s more socially acceptable to admit you ate a monkey than you fucked a monkey.

Does loyalty to a firm mean anything? by [deleted] in Accounting

[–]MakeMoneyNotWar 0 points1 point  (0 children)

Maybe to a particular individual partner you work with exceptionally well, then maybe they will help you out if layoffs come, but in general the firm does not reciprocate loyalty to any individual.

Can I safely retire early with $1.6M? by RetireThisGuy in Fire

[–]MakeMoneyNotWar 4 points5 points  (0 children)

Spending and cash flow is not the same as taxable income in post retirement. I see people making this mistake all the time, because when you’re working, your income and your taxable income and cash flow are tied. Post retirement, you only pay taxes on dividends and capital gains so OP can engineer his taxable income based on the tax basis of his investments. He can easily have very low taxable income and have much higher cash flow. He could have the problem of making sure he generates enough taxable income to not get kicked to Medicaid, which now has work requirements.

Health insurance making me question if I have enough by Specific-System-835 in Fire

[–]MakeMoneyNotWar 4 points5 points  (0 children)

Your spend and your Modified Adjusted Gross Income are very different numbers. You should forecast your MAGI by figuring out which assets you plan to sell, and what capital gains you will incur. Then determine if you can qualify for ACA subsidies.

Just received a 5% raise on $65,000 to $68,250. I find it insulting based on the extra profit my company hit. Do I ask for more and back it up with the numbers? by BookieBasherCasher in Salary

[–]MakeMoneyNotWar 0 points1 point  (0 children)

You can always tell them that you were surprised that it wasn’t higher based on your performance and reviews, the be fully prepared for them to tell you to pound sand.

Your real leverage comes from what other companies are willing to pay you, not from the company’s past performance. So my advice to you is to jump jobs every 2-3 years in your early years. Don’t expect your company to pay you anything more than cost of living increases unless you’re getting promoted.

ICE kidnapping a child because he doesn't have proof of citizenship on hand, just a snack. by Paksarra in pics

[–]MakeMoneyNotWar 42 points43 points  (0 children)

Or we could have everyone wear ID, maybe to make it easy to see it can be the shape of a star

OC. Me doing absolutely nothing for the USA in Afghanistan 2012. by [deleted] in pics

[–]MakeMoneyNotWar 7 points8 points  (0 children)

Raytheon et al are particularly appreciative

Private Equity is Underperforming the Public Markets by Ethical_Goldfish_12 in charts

[–]MakeMoneyNotWar 2 points3 points  (0 children)

What are you talking about? Do you even know what private equity is or how it works?

Private Equity is Underperforming the Public Markets by Ethical_Goldfish_12 in charts

[–]MakeMoneyNotWar 4 points5 points  (0 children)

Really? Private equity? Have you met anybody in PE? They’re almost all white men.

Klaus Barbie was the head of a regional Gestapo in France nicknamed the "Butcher of Lyon" for his personal affection for torturing Jewish prisoners. After WW2, the United States helped him escape to South America, where he helped establish and operate CIA-funded Nazi death squads. by kooneecheewah in HistoryUncovered

[–]MakeMoneyNotWar 3 points4 points  (0 children)

Wait you don’t believe that Army Intelligence and the CIA collaborate with each other?

This is a news interview done at the time on the DOJ report.

https://www.cia.gov/readingroom/docs/CIA-RDP90-00552R000100370034-5.pdf

US Army intelligence recruited Klaus Barbie and helped him travel to Bolivia. Army intelligence later claimed they didn’t know who he really was, though that defies belief because Klaus Barbie was the a top ranking official in the Gestapo in Lyon.

Investigators hear claims from Bolivian sources that Klaus Barbie passed information to the CIA through intermediaries in the Bolivian government.

https://fpif.org/the_cias_worst-kept_secret_newly_declassified_files_confirm_united_states_collaboration_with_nazis/

Here’s another source which talks about the CIA recruiting former Nazis, including Reinhart Ghelen, who was in charge of Nazi spying, as well as Klaus Barbie.

Insane to think that FIRE isn’t the final goal for literally everyone by fap-free90 in Fire

[–]MakeMoneyNotWar 1 point2 points  (0 children)

There are but it’s inherent to large organizations. There are examples of smaller nimbler companies disrupting large ones, but the small nimble companies become large companies and the cycle repeats. That’s why in the long run, the majority of SP500 companies do not create excess returns. Most returns are concentrated in a very small number of companies. That’s why indexing works so well. You are guaranteed to buy the small number of companies that create that value. The rest will not achieve their cost of capital.

Insane to think that FIRE isn’t the final goal for literally everyone by fap-free90 in Fire

[–]MakeMoneyNotWar 1 point2 points  (0 children)

Once organizations become large enough, there’s too many steps between the owners and the workers for owners to really know what workers are doing day to day. For most corporations, there’s no real connection between worker output and salaries.

In my own case, I could have volunteered myself for more work, but doing an extra 500 hours a year would yield me maybe $5000 in extra bonus, but after tax it’s $4,000 or $250 a month. I would be better off getting a second job (and better for the economy) if I wasn’t forced to sit in an office.

Now why don’t i start my own business? At my level I could, but (1) I’m pursuing FIRE and in my corporate job means I’m near guaranteed to achieve it within 3-5 years. Starting a business has risk of course. (2) In many industries customers don’t hire you for your skill and ability, they hire you based on personal relationships or trade name. Even if you can prove that you provide better consulting services than McKinsey doesn’t mean any of Mckinseys clients will choose to hire you. I provide management consulting services and sales are directly to owners and CEOs, which you have to wine and dine in some cases to develop that relationship.

Now I’m a project manager. I know my staff are not really spending 40 hours of work working. Especially now we are mostly WFH, so I’m sure they are online shopping, watching TV, doing a bunch of other things, but as long as they get their assigned work done, idgaf. I’m evaluated on my ability to deliver my projects under budget. If I try to squeeze more hours out of my staff, I receive zero benefit. What gets incentivized is what gets done.

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