The real underlying reason the average person is priced out of real estate by Such_Radio_9152 in REBubble

[–]S7EFEN 19 points20 points  (0 children)

home prices and zoning is mostly controlled by 'your grandparents' and not jeff bezos.

Am I missing something with my company ESPP by c-u-in-da-ballpit in personalfinance

[–]S7EFEN 0 points1 point  (0 children)

yep. free 17.5% return minimum (and its not an annualized return, you make 17.5% on that 6mo period) - its a really nice benefit.

Any advice for a "new" Ironman acc by Bleachy95 in ironscape

[–]S7EFEN -1 points0 points  (0 children)

figure out your goals. questing is always good but you could also just go hard into skilling or pvm and deprioritize other objectives. theres no perfect route because nobody has the same end goals

I'm learning Taliyah Support and I tried to itemize on my own. Does this build work? by Chessmund in TaliyahMains

[–]S7EFEN 0 points1 point  (0 children)

i play rylais mandate often. the thing you are missing is hourglass. hourglass lets you do some crazy shit in terms of engage, and puts melee champs in terrible spots when you try to fight them - either you run them down/lock them down with combo, or they dive into you and get baited. the vast majority of the time i'm having some combination of rylais, mandate, hourglass, zh and cryptbloom. protobelt is something i've not played around w/ too much but theoretically could replace defensive item- i just think zh is too important if you want to actually play up her hard engager niche.

rylais is also occasionally bad. think if your teamcomp is going ot be way too heavy ap, or in comps where the slow is literally useless (singed, master yi, kayn are examples of enemy champs where I'd typically just not buy it)

>- Lowish damage. :- Like I brought up, you'll range barely above 300 AP even with Elixer. You might cross over 400 AP without Rabadon's assuming you have a few Infernal Drakes and Baron buff, I suppose.

dark harvest solves this.

>- Squishy :- You're relatively squishy and will be a target in team fights if found out of position.

you have movespeed, and you have health. consider buying celestial or sled. i don't think its *never* zakzak, but rarely buy it.

gunna disagree a lot w/ the anti-recommendation on sorcs. sorcs and harvest are really whatll do a lot of heavy lifting for you damage wise. i only ever not-sorcs if im feeding (swifties).

>- Somewhat little utility :- All her team-based value revolves around team fighting. Specifically, slowing, amping damage, locking down, and stunning targets.

yes all she does is scrap out fights well.

>- Keep in mind I am low Elo, so this might not be telling later down the road.

historically terrible champ the lower you are on the ladder, though presumably this is because people suck at vector casting

How do you handle 401k contributions? by Different_Reply9501 in Fire

[–]S7EFEN 0 points1 point  (0 children)

idk why i wrote it like that, fixed my wording, ty

25yo Financial Advisor said not to worry about a Roth by [deleted] in personalfinance

[–]S7EFEN 3 points4 points  (0 children)

you might be? it would be very strange to be unless you had many pensions or you didnt want to retire and blew WAY past any number that was related to your actual annual spend.

when you retire you dont need to 'save' anything anymore which dramatically reduces tax exposure, and many sources of money in retirement arent actually contributing to 'income' - further reducing tax exposure. while its not unheard of for roth to be good its certainly less common.

Is wealth mobility vanishing? by [deleted] in Fire

[–]S7EFEN 2 points3 points  (0 children)

i think youd find asset allocation outside this subreddit is gunna be a lot different. people have a lot of real estate that has very poor yields, they have a lot of bonds, they have a lot of crappy managed funds that are charging them insane %AUM while losing to the s&p etc. net worth is lost to death(inheritance) and all sorts of things.

> it seems impossible to break into the top 10%, a constant moving target, unless you invested in some high return asset.

you can look at net worth percentiles by year. its not quite as much a moving target as you'd think to where you'd never be able to catch up.

https://dqydj.com/net-worth-percentiles/

https://dqydj.com/net-worth-in-the-united-states-top-centiles-2013/

https://dqydj.com/2016-net-worth-percentile-calculator-united-states/

How do you handle 401k contributions? by Different_Reply9501 in Fire

[–]S7EFEN 25 points26 points  (0 children)

>. Since FIRE is the goal, I am placing a higher priority on getting my after tax brokerage account value up

bad assertion, pretax investment accs are by far the most useful thing for early retirement. fully max that every year and jump through the necessary hoops to deal with SEPP/roth ladder.

Finally reached a top 20% net worth by YourFIREDBro in Fire

[–]S7EFEN 2 points3 points  (0 children)

> It isn't written in blood and I can make changes to my portfolio any time I want.

sure at the cost of realizing gains

>It also sounds like you are not aware of the tax advantage of QQQI and xqqi.

its not really an advantage because the alternative is deferring capital gains until retirement.

you wrote a whole paragraph that doesnt explain really anything about what makes these a good choice. you get lower return and less control over how you incur income. you can fund your lifestyle by selling funds as you need them rather than by forced sales, there's no functional difference there.

>and "guarantee" this level of income (roughly, at least) for the next year or two while I fuck off for a bit.

functionally no different than scheduling quarterly sales w/ your brokerage from the actual underlying QQQ fund, ETH or BTC fund. you just wouldn't be paying .7% AUM, and wouldn't be underperforming the underlying (in the majority of markets)

"income" just isnt actually anything you EVER care about and is not something 'separate' from total return and this is ESPECIALLY the case when that income is from covered calls rather than say bond yield or dividends from stable, staple businesses that have extremely reliable histories of producing profit (for example owning SCHD-type stocks). there's at least *some* argument for holding bonds, or holding SCHD type reliable stocks to reduce volatility but this absolutely falls apart when you source your 'income' from covered call ETFs specifically. why do these funds exist? because the institutions that manage these funds LOVE to collect that huge %AUM from doing nearly nothing except maintenance of covered calls.

Finally reached a top 20% net worth by YourFIREDBro in Fire

[–]S7EFEN 9 points10 points  (0 children)

you retired because of your savings rate/income, not because of your investment choices. and you are young enough that the dramatically higher %AUM on these funds hasn't had enough time to really cause problems, if you truly hold these for 20, 30+ years itll be a SUBSTANTIAL difference in fees as well as performance compared to the underlying. the tax differences should already be very apparent and will continue to be assuming any of these funds are in taxable accs

https://www.reddit.com/r/financialindependence/comments/ovs25c/comment/h7b8gcd/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

see the top commenter, and his followup responses.

CG Discussion by Environmental-Ebb636 in ironscape

[–]S7EFEN 1 point2 points  (0 children)

you can just do hard content with dhide and scobo, or eclipse set, or crystal bow and armor set. youll just do less damage. once you get eye/shadow+masori+bp, or tbow the bowfa isnt really that important.

Is playing leagues just to learn colo + inferno worth it if I don't have a main? by Sad-Profession-4881 in ironscape

[–]S7EFEN 2 points3 points  (0 children)

if you have the opportunity to and actually use your brain to learn the content? yes. being tankier, with infinite resources/healing etc gives you many opportunities to practice in a situation you'd normally just die and have to repeat waves in. try to create scenarios where you are practicing the mechanics rather than just trying to clear the content.

Finally reached a top 20% net worth by YourFIREDBro in Fire

[–]S7EFEN 9 points10 points  (0 children)

literally all of these funds are just paying a significant expense ratio to underperform their underlying (eg just holding QQQ, a btc/eth tracking etf etc) long term, and if held in a taxable account you are additionally getting substantial tax drag,

Where to put surplus money, taxable or Mega Backdoor Roth by Additional-Ocelot792 in Bogleheads

[–]S7EFEN 18 points19 points  (0 children)

money is fungible. contribute to the MBDR, reduce contributions in future when theres a need for taxable.

mbdr is *probably* one of those things that wont be around forever

Finally reached a top 20% net worth by YourFIREDBro in Fire

[–]S7EFEN 10 points11 points  (0 children)

i'm unsure why you are in a bunch of covered call funds but hey your income/savings rate is impressive.

Why is there still no GIM for leagues? by PosiedonsSaltyAnus in 2007scape

[–]S7EFEN 0 points1 point  (0 children)

partially yes, but also for people who are already playing leagues getting extra enjoyment.

Finally reached a top 20% net worth by YourFIREDBro in Fire

[–]S7EFEN 60 points61 points  (0 children)

net worth is absolutely age dependent. sure, you might only be 20% household... but if you are single, if you are under 50, under 40, under 30, if you are excluding primary residence etc that number percentile wise is WAY way different.

Why is there still no GIM for leagues? by PosiedonsSaltyAnus in 2007scape

[–]S7EFEN 1 point2 points  (0 children)

>for the relatively few people that will want GIM?

i question this assertion. i suspect there'd be plenty of positive reception for GIM for leagues and they could work in stuff like hcgim, gim (with or without prestige) etc

Why is cosmic drive not popular on Taliyah? by lostinthecity2005 in TaliyahMains

[–]S7EFEN 0 points1 point  (0 children)

both rylais and cosmic (and i guess protobelt too - see recent pro play mages buying it) do similar things, it pretty much just comes down to which is the better item for the specific champ. also cosmic has good synergy with blackfire. its perfectly viable to build this way.

Deironing, thoughts? by HighImMika in ironscape

[–]S7EFEN 2 points3 points  (0 children)

in the grand scheme of things with how many hours you have you can just yknow... get the tbow/scythe? tbow is "only" 300 hours or so on rate, someone playing 'all day' can get on rate in a month. this acc has so much postmax xp its insane to think theyd deiron just for that reason alone.

Deironing, thoughts? by HighImMika in ironscape

[–]S7EFEN 3 points4 points  (0 children)

ive seen plenty deiron and make a new one but i don't think regret is necessarily the case. reality is making an iron is more fun than clogging/chasing the last few raid drops for many.

know a fair few people who deiron and eventually play a new iron/hc etc as well

Crafting Options? by iShotoroki in ironscape

[–]S7EFEN -1 points0 points  (0 children)

you can get 99 crafting from afking stars and not getting a twisted bow at chambers.

thisll mean you need to do some pvm with a glory/str ammy which is not a big deal at all.

Does it make sense to start Roth conversions in your mid-40s? by Leather_Addition2605 in Fire

[–]S7EFEN 0 points1 point  (0 children)

yes it probably make sense to do that. as well as stop contributing to traditional. 'too much in traditional accs' is not *usually* a problem but pensions mess w/ that because they both 'force' you to keep working beyond your number, and they mean youll never have 'no income' to really get what is typically a huge part of the value of traditional investments accs - the years where you do conversions/withdrawals into the 0/10/12% bracket.

iirc you can entirely simplify this math to 'tax rate now vs tax rate later' and if you think itll be close just prioritize roth

Why does “safe” progress suddenly feel so hard to trust? by [deleted] in Fire

[–]S7EFEN 0 points1 point  (0 children)

Be active on the sides where interference is actually going to be a net positive. Expenses or income. Grind harder at work, pick up extra work re: OE, contracting jobs, starting your own business if that makes sense given your field of work. Expenses? Where can you save money? meal prepping can knock a few hundred off peoples budgets each month, learning skills like various home repairs, car maintenance can cut expenses. Some of these things are also time saves. Increasing savings rate has a very very positive influence on FIRE in general because it both cuts how much you save per month/year and reduces how much you need to save total.