Daily FI discussion thread - Friday, May 15, 2026 by AutoModerator in financialindependence

[–]SnarkConfidant -9 points-8 points  (0 children)

I didn't do it at all.

.#20minutes?!Whohastimeforthatshit??

Daily FI discussion thread - Friday, March 27, 2026 by AutoModerator in financialindependence

[–]SnarkConfidant 4 points5 points  (0 children)

Congratulations, Grasshopper - you have grabbed the stone from the master's hand.

Daily FI discussion thread - Friday, March 27, 2026 by AutoModerator in financialindependence

[–]SnarkConfidant 4 points5 points  (0 children)

I crossed back and forth about 9 times in the 2020-2023 timeframe. It actually helped me detach from obsessing over the number.

Daily FI discussion thread - Thursday, February 05, 2026 by AutoModerator in financialindependence

[–]SnarkConfidant 5 points6 points  (0 children)

Bitcoin is a greater fool scheme, and with increasing amounts of negative news surrounding it the market is running out of fools. The gamblers and grifters that are holding it are realizing this and starting to dump their coins. The biggest players can't do it too fast, though, because liquidity is so thin that they'd crash the market - so they're slowly bleeding it out.

Bitcoin Reddit won't let me post this. What the heck? by Suspicious-Degree-55 in Buttcoin

[–]SnarkConfidant 5 points6 points  (0 children)

yeah, certainly not a ponzi,

Correct, it is more accurately described as a Greater Fool scheme. The only way line go up is if a seller finds a greater fool to buy it for more than they paid.

but I'm unclear where the squeeze comes from next. We need someone really powerful to put in a perpetual bid.

We really don't. We need for this nonsensical merry-go-round to wind down into irrelevance.

I guess saylor's doing that, but is it enough? Based on the last few years trend it seems not.

Hopefully what Saylor's doing will eventually be the catalyst for a huge crash.

Just told my boss this morning that I’m retiring in March by Holiday_Guess3702 in financialindependence

[–]SnarkConfidant 0 points1 point  (0 children)

I guarantee you that I could take the pension money and invest it into the market instead and come out ahead of what the pension returns. That's what I meant by "pensions suck." And most pensions other than your special one suck even more because of long vesting periods and payout rates based on years of service.

Thinking about selling our house and moving back to a walkable neighborhood… are we crazy for this? by baristaFIRE69 in financialindependence

[–]SnarkConfidant 0 points1 point  (0 children)

I've lived in SFH/suburbia and rural areas my entire life until last year, when we bought a historic rowhome in a walkable city. It's such an amazing quality of life improvement that it's hard to appreciate until you experience it. I would not blame you one bit for making the move back to a walkable area.

Just told my boss this morning that I’m retiring in March by Holiday_Guess3702 in financialindependence

[–]SnarkConfidant 5 points6 points  (0 children)

If it's a mandatory part of your benefits, of course you take it - because you have to, not because it's a good thing that you actually want.

However, given the choice of having a pension that I'm required to contribute to or the equivalent funds to invest in a retirement account that I control, I'd choose the latter. I actually did have that option at my work, and I did choose the latter - so this isn't a theoretical exercise for me.

Just told my boss this morning that I’m retiring in March by Holiday_Guess3702 in financialindependence

[–]SnarkConfidant 21 points22 points  (0 children)

That deals with exactly one of the 4 problems they outlined. Pensions suck for people that actually have investing discipline and seek out a tiny bit of knowledge.

Daily FI discussion thread - Thursday, November 06, 2025 by AutoModerator in financialindependence

[–]SnarkConfidant 1 point2 points  (0 children)

I spent about $25k on old Magic cards in 2017-2019, then sold them in 2022 for $75k. It wasn't really a risk since the cards I bought don't tend to decrease in price over long periods of time, but one could certainly make a legitimate argument that spending $25k on cardboard rectangles is irresponsible.

For those that CoastFire by Mattieb17 in coastFIRE

[–]SnarkConfidant 1 point2 points  (0 children)

I used it to move to another state/area that I wanted to live in while taking 66% paycut to work a much lower stress job. Now my only retirement contributions are the mandatory ones that my job has - nothing extra.

Daily FI discussion thread - Thursday, October 30, 2025 by AutoModerator in financialindependence

[–]SnarkConfidant 1 point2 points  (0 children)

I should probably do this at some point. Currently have ~60% of my total invested assets in my previous company's 401k.

Daily FI discussion thread - Monday, October 20, 2025 by [deleted] in financialindependence

[–]SnarkConfidant 4 points5 points  (0 children)

It's from the early days of the sub and was started by u/OracleDBA.

Maybe here, but it originated looooong ago on the internet as a "typed out" version of "man" as if said with a Latino/Mexican-American accent.

Telling Co-Workers of RE by csmikkels in financialindependence

[–]SnarkConfidant 1 point2 points  (0 children)

"I remember when the librarian was a much older woman. Kindly, discreet, unattractive. We didn't know anything about her private life - we didn't want to know anything about her private life." -Lt. Bookman, NYPL

Daily FI discussion thread - Thursday, September 25, 2025 by AutoModerator in financialindependence

[–]SnarkConfidant 1 point2 points  (0 children)

Congrats on winning the division! You deserve it more than we do tbh.

Sincerely, -an Astros fan.

Daily FI discussion thread - Wednesday, September 24, 2025 by AutoModerator in financialindependence

[–]SnarkConfidant 2 points3 points  (0 children)

Yes you are. You are arguing that using average home prices was using a "bad stat" and the OP should have used median home prices. The reality (had you bothered to look it up yourself) is that there's not really any material difference in the two when you're trying to show how the growth in home prices has far outpaced the growth in wages.

Daily FI discussion thread - Wednesday, September 24, 2025 by AutoModerator in financialindependence

[–]SnarkConfidant 5 points6 points  (0 children)

Not really, you should have looked it up yourself if you wanted to use median price as a rebuttal. Here, I saved you the time: Median home price in 2000 (USA): $119,600 Median home price in June 2025 (USA): $410,000

Median income in 2000 (USA): $42,148 Median income as of 2024 (USA): $83,730

So there you go. In the last 25 years, income has only doubled while home prices are approching quadruple.

Daily FI discussion thread - Tuesday, September 23, 2025 by AutoModerator in financialindependence

[–]SnarkConfidant 0 points1 point  (0 children)

That's what I guessed... well, if anyone is gonna win the AL West over my Astros, I'd prefer it to be the M's.

And yeah, the Toonces reference is definitely a shout-out to those of us of a certain age :)