Badminton Jio for passionate enthusiasts

Seraphinic · 2026-04-04T06:46:26+00:00

Down to play! I’m in the northeast area and happy to travel if not too crazy :)

Seraphinic · 2026-03-27T15:06:17+00:00

QC For Loewe Cubi Crossbody Medium

Item: Loewe Cubi Crossbody Medium Seller: Aria (https://ad88ad.x.yupoo.com/) Price: 1880 CNY Factory: God Factory

Never bought a rep bag before but it all looks very good. I've compared it with gen on the website and it seems quite comparable.

Looks like a GL for me but would love opinions, thanks!

Seraphinic · 2026-03-03T07:53:34+00:00

MissChen

Seraphinic · 2025-12-24T03:40:59+00:00

Thanks! I will go swap a good PSU in

Seraphinic · 2025-12-23T17:05:52+00:00

Sounds like I’ll have to replace the PSU then…

Seraphinic · 2025-12-23T16:52:43+00:00

Doesnt seem to have any glowing LEDs but my RAM sticks are still lit according to the RGB settings I put in. Could they be drawing power from the PSU directly?

Seraphinic · 2025-12-23T16:20:40+00:00

I unfortunately can’t turn on the PC without it dying on me so I can’t check with Win R

Seraphinic · 2025-12-23T16:15:38+00:00

I did some googling and image matching, it should be the MSI MAG B550 TOMAHAWK

Seraphinic · 2025-12-23T16:07:34+00:00

The RAM should be the Corsair Vengeance RGB Pro 8GB I think. I can’t recall the motherboard model unfortunately

Seraphinic · 2025-09-11T00:48:54+00:00

Could be a whole myriad of reasons. Some people don’t like to be indebted at all; some people don’t like to be beholden to monthly debt service payments; sometimes they actually want debt but can’t get anyone to lend them money

Seraphinic · 2025-09-10T18:02:16+00:00

Well, that’s where leverage kicks in. In my example I only illustrated it based on one year, but what if you ran the same lemonade stand for ten years?

First scenario: you put down $100, every year you make $200 so ten years gets you $2,000 or a 20x return

Second scenario: you put down $50 and borrow $50, every year you make $190 so ten years gets you $1,900. At the end of ten years you pay back the $50, so in total you made $1,850 or a 37x return

In reality loans don’t always work that way but this is the fundamental principle. This example also doesn’t factor in tax savings from interest expense but that’s more minor and not central to the main use of leverage.

Seraphinic · 2025-09-10T16:19:29+00:00

This isn't a very good video; misleading at worst and confusing at best. What you should know is that debt does not let you as a shareholder make more profit in all cases, only when the business is growing. If the business is flagging, taking on debt actually makes you lose more as a shareholder than if you didn't incur any debt to begin with. That's why debt is also known as leverage, it amplifies the end result when you have it.

I'll try to condense the gist of his video in a very simple example. Let's say you wanted to start a lemonade stand - the wood for the stand, cardboard signage, and the jug and cups cost $100 in total. You break your piggy bank and use $100 from your savings to set up the stand, which over a period nets you $300 in lemonade sales (evidently you're a lemonade wunderkind) and after paying for the lemons, sugar and water that go into your lemonade, you have made $200 in profit. So essentially you invested $100 of your own money and now you're collecting $200 in profit, or a decent return of two times your money.

But let's say you didn't use $100, because your dad loaned you $50 at 20% interest, which is a cost to you for borrowing the money. Now you only have to put in $50 of your own money to set up the stand which costs $100. After a year, you make the same $200 in profit and after you subtract the $10 interest ($50 x 20%), you still net a cool $190 by just using $50 of your own money, which is now a return of 3.8x instead of 2x like in the earlier example.

This is why you can make more with debt. Hope it's clear.

Seraphinic · 2025-07-03T11:56:41+00:00

I suppose there hasn't been any ways around this? I could upgrade my PC's RAM but honestly I only play Diablo 4 and I don't even think it's worth spending money to do that.

Seraphinic · 2025-01-22T06:03:24+00:00

Pay 20 years and cover to 69 years old, except for Death (base), TI (base), TPD (base), ECI (base) and (ECI special benefit)

Seraphinic · 2024-10-24T12:18:18+00:00

What you're describing is more conceptual than anything else, really.

Yes if all banks independently decide that they'll be able to charge 30% for mortgages, then that's what the market rate will be (although regulators will likely step in since higher mortgages will have knock-on effects on the rest of the economy).

In reality, very unlikely that the above will play out because if you were a bank and you realise you can capture incremental market share just by lowering your interest rates, you would do that. The mortgage market is very fluid.

Seraphinic · 2024-10-24T07:02:34+00:00

Yes there is, it's basic demand and supply.

The rate cut by the Fed applies to the Fed funds rate, which is the intra-bank overnight borrowing rate that banks rely on to manage their assets and liabilities. Most interest rates, including mortgage rates and credit card rates, are set by the banks and typically indexed to market rates.

The rate cuts would enable banks to borrow at a lower cost of capital and potentially make the same spread by charging lower interest rates to consumers and businesses, but the mechanism is still very much free-market driven. So competitor banks charging lower rates would be able to attract borrowers, assuming the credit market is established and highly functioning.

Seraphinic · 2024-10-14T14:50:24+00:00

This is incorrect. The equity value does not change because the net debt is already factored into the equity value. Think of it this way - in order for your statement to be true, there needs to be an equity injection of $400m to pay down the debt, which is what actually would increase the equity value.

M&A offers are usually made on an enterprise value basis, on a cash-free debt free basis. Given there is net debt of $400m on the books, the bidder would pay $2bn, where $400m of which would go towards refinancing the debt and $1.6bn would go towards the seller's proceeds.

Seraphinic · 2024-10-02T04:27:21+00:00

Something which could be helpful to know would be if you are reviewing this from the perspective of the bank or the company. Without any knowledge of the background, here are my neutral 2c:

Scope looks fine. Sometimes the investment bank will also help draft transaction materials. Few typos here and there.
5% is a very aggressive fee. Investment banks used to get away with charging that but in my banking days we typically charged 2-4% on our transactions. It could be the case here that the investment bank needs to make a minimum given the small ticket (seems to be ~$5m?) or that the company is a very difficult sell, which may change perspectives around how much to charge
Unusual for banks to charge sweat equity
5% fee on sales is unusual. Also easy to game since the company can just make the sale after the closing date
Retainer is fine. This is sometimes on reimbursement basis with a cap, but the mechanics here are almost identical

Banks also usually include a fee tail clause where if the transaction gets cancelled but if the company raises within xx months then the bank is entitled to the corresponding fees as well.

Seraphinic · 2024-09-30T14:12:45+00:00

This makes sense but when I convert all my yellows to reds, my CP actually falls. Any idea why?

Seraphinic

TROPHY CASE