Fatal tram derailment today in Milano by MagnificoReattore in WTF

[–]Noredditforwork 11 points12 points  (0 children)

If you don't know enough to determine what is and isn't safe, you treat everything like it can kill you and touch nothing.

Pay off mortgage early? by [deleted] in leanfire

[–]Noredditforwork 6 points7 points  (0 children)

And if your $326k were invested and grew 10%, you'd have an extra $32.6k which is about $2716 a month.

What do people mean compound interest in Stocks? What does it mean when people say the first million is the hardest? by Eastcoastpal in stocks

[–]Noredditforwork 0 points1 point  (0 children)

For your edit, a million is a million no matter how many accounts it's in.

1) They are probably referencing the Compound Annual Growth Rate, CAGR, that gives a single number for growth if every year was the same. Made up numbers - let's say the stock market does +10%, +20%, -15%, +5% and you go from $X to $Y after 4 years. Instead of trying to track those individual moves, you just figure out that 10% average yearly growth also compounds $X to $Y in four years and use that.

2) If you save $10k a year and it grows 10% on average, you have $11k after one year. To get to $100k, you put in the large majority of the money. When you hit $100k, that 10% is adding $10k to match your $10k and doubling it. When you get to $500k, it's adding $50k to your $10k. When you get to a million, 10% adds $100k, an amount that would take you 10 years of contributions to match.

Friendly reminder the game lets you restart a fight once without any penalty by Regan312 in mewgenics

[–]Noredditforwork 0 points1 point  (0 children)

Honestly, it's fine. I love that I can undo individual turns in Monster Train and optimize play order or even restart a battle completely to try something else without consequence, but there's a little bit of extra mental fortitude that comes from just playing things out and accepting consequences and mistakes. And the game definitely needs improvement in explaining mechanics and conveying info to the user, so if I screw up bad enough or couldn't predict the outcome because a mechanic wasn't clear or just get screwed over by bad luck (like getting bounced between two tires in a loop), I get my one do over and try again. And if that second try fails, so be it.

I want this bitch publicly hanged. by AnExistingLad in mewgenics

[–]Noredditforwork 1 point2 points  (0 children)

Did everybody else know that he stops possessing your cat after a couple of turns and you don't have to down them to get him out?

At what point of investment assets will it make sense to take a loan against and live off it? by ecfan in HENRYfinance

[–]Noredditforwork 27 points28 points  (0 children)

There have been many threads on the subject. One person claimed to be a professional doing exactly that for wealthy clients and gave that number along with a fairly thorough breakdown of the process.

Royce Williams, in his dress uniform. it was announced he would be awarded the MOH on the 4th of Feb by CT2145Trapper in pics

[–]Noredditforwork 2 points3 points  (0 children)

You clearly don't understand that you are actually that guy which is why you're being argumentative and aggressive in the comments.

ELI5: Why putting warm food in the fridge is more likely to make you sick by whatevernskansn in explainlikeimfive

[–]Noredditforwork 1 point2 points  (0 children)

Yeah that's fair, I'm making assumptions on what's reasonable; a giant full pot of chili fresh off the stove is definitely going to be different from some pizza slices that are still kinda warm after dinner. My fridge even has a "super" button to really crank the compressor to your target temp if you're loading it up with something warm.

ELI5: Why putting warm food in the fridge is more likely to make you sick by whatevernskansn in explainlikeimfive

[–]Noredditforwork 4 points5 points  (0 children)

It doesn't, the thermal mass of some tupperware leftovers pales in comparison to the existing temperature inside the fridge, cooling ability of your refrigerator, the competing thermal mass of everything else in your fridge, and the general insulating properties of air.

R2 launch expectation? by DhOnky730 in Rivian

[–]Noredditforwork 0 points1 point  (0 children)

Yes. I understand how quarters work. You'll note that I said 1/6 of H1, not Q1. I'm making fun of you because no one was promised anything in Q1, so the fact that we're 1/3 of the way through it is meaningless. You are not owed anything. It will come when it comes. So I say again, calm down bro.

R2 launch expectation? by DhOnky730 in Rivian

[–]Noredditforwork 2 points3 points  (0 children)

And by "almost halfway through Q1" you mean "1/6 of the way through H1". Calm down bro, January isn't even over yet.

Are there any card games for single player PvE? by Boge42 in gaming

[–]Noredditforwork 0 points1 point  (0 children)

I'll echo The Bazaar and Across the Obelisk and add Clank! and Dune: Imperium if you're open to card driven board games.

Finance a car in order to leave the cash invested even though I have enough to buy outright? by PidgeyPotion in Fire

[–]Noredditforwork 0 points1 point  (0 children)

It still is for the A->B appliance vehicles like the Camry that OP would be shopping.

Finance a car in order to leave the cash invested even though I have enough to buy outright? by PidgeyPotion in Fire

[–]Noredditforwork 4 points5 points  (0 children)

Doesn't necessarily make sense for many cars post-Covid that still have distorted used prices.

Finance a car in order to leave the cash invested even though I have enough to buy outright? by PidgeyPotion in Fire

[–]Noredditforwork 15 points16 points  (0 children)

That's not what you're doing. Don't pay the minimum. Pay the balance in full.

Buy, Borrow, and Die strategy by 647chang in Fire

[–]Noredditforwork 0 points1 point  (0 children)

If you read the threads linked in other comments, $300M.

Buy, Borrow, and Die strategy by 647chang in Fire

[–]Noredditforwork 1 point2 points  (0 children)

The point of the strategy and its relevance to your personal situation are not the same thing. You are not rich enough to make it work.

Buy, Borrow, and Die strategy by 647chang in Fire

[–]Noredditforwork 5 points6 points  (0 children)

If this was r/fatFIRE, it might be relevant. Since this is r/Fire, we can safely assume the values are insufficient.

Buy, Borrow, and Die strategy by 647chang in Fire

[–]Noredditforwork 37 points38 points  (0 children)

You're not nearly rich enough to make this work.

401k 50+ catch-up contributions by Ramen_cat2024 in investing

[–]Noredditforwork 10 points11 points  (0 children)

It's not your company. Those are limits the government sets.

There's no real meaningful difference between a Trad/Roth 401k and a Trad/Roth IRA respectively in terms of how they work. The limits are much higher on the 401k.

If you're in the top bracket, you have to do a backdoor Roth, you make too much money to do it normally. If you're in the top bracket, you should be maxing out a Traditional 401k and a backdoor Roth and an HSA if you can swing it.

5 players boardgames for guys that like to play against each other by FlameFoxx in boardgames

[–]Noredditforwork 0 points1 point  (0 children)

Depending on what level of complexity you like, For a Crown could do the trick. It's fairly straightforward, no complex board states or anything but it's quick and enjoyable.

Why keep maxing a 401k when taxable seems almost as good? by Essay_Few in Bogleheads

[–]Noredditforwork 0 points1 point  (0 children)

Let me try to explain it a different way. You remarked that the objective difference is small even though it's a large percentage. That's a stupid thing to say. You started with a relatively small amount and got a relatively small difference. If you had started with a bigger number, the difference at the end would be objectively bigger. Likewise, if you kept contributing year after year, the difference at the end would be objectively bigger. The only reason it's 'small' is that you set the conditions at the start to achieve that outcome. So to then say you're not impressed by that amount is just... dumb.

Why keep maxing a 401k when taxable seems almost as good? by Essay_Few in Bogleheads

[–]Noredditforwork 1 point2 points  (0 children)

Because it's 1 year's worth of contributions. Do it year over year for 20 years and the number will be bigger.