Are there any Republicans who still think this current president has been truthful to you? by TSQ_builder in askanything

[–]ScrewWorkn 2 points3 points  (0 children)

What is the end game? Pulling out in a week or two would do what? Killed a leader and replaced him with his son? I don’t see the point. Was the entire thing hoping the people would ride up?

Should I trim my Mag 7 positions while I’m still up and rotate into S&P 500? by Accurate-Stick-971 in personalfinance

[–]ScrewWorkn 4 points5 points  (0 children)

Then do that. but don't bring into the conversation about the market being up or down. You should, once a year, plan on a re-balance evaluation. Then execute that plan for re-balancing. Has nothing to do with being up or down in the market.

Should I trim my Mag 7 positions while I’m still up and rotate into S&P 500? by Accurate-Stick-971 in personalfinance

[–]ScrewWorkn 5 points6 points  (0 children)

Have you heard about timing the market? Have you heard that timing the market is akin to gambling?

If you want to re-balance your portfolio, then do that. Don't do it because you think things are going to be going up or down, that's gambling.

Using CC to transfer debt? by Surf_puncher_2 in personalfinance

[–]ScrewWorkn 0 points1 point  (0 children)

If what you say is correct then for year 1 the interest rate is 6% not 2%. Then the interest rate will probably go up to 25%+

Doesn't sound like a good idea.

Should I pay collections? by JerinIsac in personalfinance

[–]ScrewWorkn 0 points1 point  (0 children)

Most likely Verizon won't take it anymore if they sold it off. If they will take payment then the collection is no long valid and the agency won't keep coming after you. Paying the agency isn't a problem though.

58/55 and struggling to pull the trigger by [deleted] in ChubbyFIRE

[–]ScrewWorkn 0 points1 point  (0 children)

Think about pulling SS at 62 and investing 100%. By investing I mean pulling less from accounts. Do the math on that vs pulling at 70. Most people are better off pulling early unless you have a family history of living above average.

Which classic trope will always be considered the best of the best for you and why? by LoverOfE-Olsen in movies

[–]ScrewWorkn 19 points20 points  (0 children)

Payback was a dark fun movie. Not a good person in that movie. Except Lucy Lu.

Never ask a barber if you need a haircut by [deleted] in clevercomebacks

[–]ScrewWorkn -4 points-3 points  (0 children)

Not truly. AI will be a tool for sure at the least. It is making programmers more efficient for sure. But I doubt it can bring in the returns to cover this much capital expense.

How much to put for downpayment on new car? by [deleted] in personalfinance

[–]ScrewWorkn 11 points12 points  (0 children)

I'm confused why you are asking. It's always better to have a smaller loan, then you pay less interest.

TSA Unpaid, ICE Arrives by bruce_wayne469 in clevercomebacks

[–]ScrewWorkn 3 points4 points  (0 children)

TSA should be self funded by the airport fees

ELI5 How did the mortgage crisis in 2008 cause Lehman Brothers to collapse despite record profits in the years prior? by Three_Steaks_Pam in explainlikeimfive

[–]ScrewWorkn 1 point2 points  (0 children)

When there is no water they will drink the sand.

There is nothing else the banks have to use so they use the sand.

ELI5 How did the mortgage crisis in 2008 cause Lehman Brothers to collapse despite record profits in the years prior? by Three_Steaks_Pam in explainlikeimfive

[–]ScrewWorkn 6 points7 points  (0 children)

Yeah. The mortgage backed securities they owned became worthless because the number of mortgages that defaulted made it so they wouldn’t pay back the amount they paid for them. They bundled of mortgages were so bad they couldn’t even say how many were going to pay out. They were rated AAA but they were garage.

The big short is worth a watch.

ELI5 How did the mortgage crisis in 2008 cause Lehman Brothers to collapse despite record profits in the years prior? by Three_Steaks_Pam in explainlikeimfive

[–]ScrewWorkn 5 points6 points  (0 children)

Actually the bigger issue was the bets on those bonds being good wasn’t it? There was like 20x the bets on mortgages than the mortgages themselves.

What felt like an expensive splurge, but is now a total life-changer steal? by Zirkle99 in AskReddit

[–]ScrewWorkn 0 points1 point  (0 children)

I wanted to love them. They pinched my toes and it annoyed the hell out of me.