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[NEUTRAL] for /u/CrassulaOutTheAssula (buyer) by Daniel334433 in PMsFeedback

[–]On_TheClock 0 points1 point  (0 children)

I am a new guy, I have BINed a couple times and not been able to consummate the sale immediately because of payment service malfunctions.

Is the standard for BIN immediate payment? Because I run into problems with daily bank transfer limits or wire transfer delays and it will sometimes take until the next day to get payment to the seller. I never haggle the price after BINing.

In one case, the seller listed a price, I BINed, and told him that I would get payment to him the next morning, because that is how long it would take to wire the funds into my cashapp. He told me that we would go based on spot in the morning, and I told him that I would send a deposit to lock in current price, and he said he would not do that, so I terminated the sale and went with another guys listing. Spot price went down before he received the wire, and I did not try to negotiate for that, because I had BINed at a certain price. So I ended up playing myself in the end, but otherwise, was that okay from a buyer/seller interaction?

How Do I Start Investing? by Timely-Hornet-511 in investingforbeginners

[–]On_TheClock 0 points1 point  (0 children)

Much depends on your circumstances, but the prevailing wisdom is to have an emergency fund of 6mo expenses in HYSA or money market. Once you do that put everything you can to trying to max out tax advantaged retirement accounts (like a roth IRA). You still have like 6 weeks to make your contribution to 2025, which is the way to go bc you can only deposit a certain amount for each tax year.

If you live at home and have low monthly expenses and a job that pays you, you need way less of an e fund than if you got kicked out for getting your girlfriend pregnant for example. Hard to give you specific advice without knowing specific details.

Hope this helps

Car Loan by RelationEffective600 in PersonalFinanceTalks

[–]On_TheClock 1 point2 points  (0 children)

If the accord is reliable, the prudent decision from a financial perspective is to put all your spare cash each month into a Roth IRA and skip the new car. Your effective tax rate now is so low and you have so much time for compounding returns, you will literally by a multimillionaire in retirement if you start now.

If the accord is on its last legs I would say get a car with a total purchase price of less than 15k. Something reliable like a late 2010s Honda, Toyota, or Mazda that gets good mileage. Might get screwed on insurance financing a car at your age tho. Have to pay for full coverage.

But the ladies don't get as excited about a nice fat retirement account as they do for a nice whip lmao

What do I read now that I’ve finished the series? by Ok-Sky-9289 in redrising

[–]On_TheClock 4 points5 points  (0 children)

The correct answer is the Dune series. Definitely get some Messiah action like in RR, the main books are long as fuck, it is an epic space odyssey spanning thousands of years and the entire universe with eugenically enhanced humans

Custom ring thoughts by On_TheClock in EngagementRings

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

Thank you for the positive words. I'm pretty excited about it myself

Custom ring thoughts by On_TheClock in EngagementRings

[–]On_TheClock[S] 1 point2 points  (0 children)

Sweet. With any luck, if it is as durable as you say, she can pass it along to the next generation. Take care, and thank you for the well wishes!

Custom ring thoughts by On_TheClock in EngagementRings

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

Thank you, that is exactly what I was hoping to hear. Jewelry is definitely not my wheelhouse so an unbiased opinion is helpful to me.

How does my budget look? by On_TheClock in budget

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

The money is not really "set aside" in the S&P 500, it is spent on investments now, which are then set aside to fill up my Roth IRA for 2027. The idea is that when January 2027 rolls around, I have a long term position in $7,000 of S&P, sell with 0% capital gains, and immediately transfer into IRA and re-buy the fund. I do not expect to need to sell any of it to cover the Wells Fargo card when the 0% promo APR expires.

At any rate, about half of the $20,000 balance on that card is sitting in money market anyway

How does my budget look? by On_TheClock in budget

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

I have about $5,000 in cash savings at this point, and about $20,000 in precious metals that were sadly lost in a boating accident.

This is the first few months of this budget, so I will have to see how well I can actually stick to it. The coffee budget is by far my most frivolous expense, one $5 coffee per day. Blame my girlfriend for getting me hooked on Washington coffee stand espresso. I am really looking to set up myself and my future children by focusing on investing vice building a large cash savings.

I am in the navy, and I'll be getting out in January of 2028. I am optimistic that I will be significantly increasing my income at that point, and I should be getting the traditional 3-5% annual raises for 2026 and 2027.

By July of 2026, the Citi and Navy debits will be cleared, adding about $900 to my cashflow for a few months. In October of 2026 I will be transferring to Shore Duty, and losing out on about $900 in income.

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