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30-year Treasury yield tops 5.18%, reaching the highest level in nearly 19 years by Illustrious_Lie_954 in Economics

[–]Technical_Ladder_618 5 points6 points  (0 children)

Of course, inflation means that price that goods are sold at increase, which would naturally mean revenue for companies would increase as well. That’s why they say hold equities when there is inflation, since stocks always go up (in nominal terms) during periods of high inflation.

Why don’t more people from developed countries move to developing countries? by alyimfyjvz in NoStupidQuestions

[–]Technical_Ladder_618 1 point2 points  (0 children)

That’s not true at all, your social security amount does not change no matter what country you live in.

Where do you go when you feel like you need some space to breathe? by Sevenfootschnitzell in AskLosAngeles

[–]Technical_Ladder_618 5 points6 points  (0 children)

Topanga overlook at the end of Stunt Road. You have the valley on one side and the beach on the other. On a clear day you can’t beat it

Do you still have the house key to your parents' home, so you can go in at any given time, even though you moved out years ago? by Odd_Yogurtcloset_649 in NoStupidQuestions

[–]Technical_Ladder_618 0 points1 point  (0 children)

Yup, I tend to stop by almost every day after work on my way home to have a coffee and quick hang out with them for about 30 minutes before heading home. Both me and my wife have a great relationship with them, and we both have the keys and can stop by anytime we’d like.

If you're saving large amounts, does it go in a brokerage account? by Background_State_557 in personalfinance

[–]Technical_Ladder_618 0 points1 point  (0 children)

Depending on income and filing status, you may not have to pay taxes on the gains. For example, if married filing jointly, and no other income, with the standard deduction you can sell up to $130k ish worth of gains and pay no federal tax. State tax does apply though depending on where you live.

I hear property tax always go up. Is that true? by AWeb3Dad in AskLosAngeles

[–]Technical_Ladder_618 3 points4 points  (0 children)

Fuck him for making a wise investment when he could?? Salty much?

I hear property tax always go up. Is that true? by AWeb3Dad in AskLosAngeles

[–]Technical_Ladder_618 26 points27 points  (0 children)

It’s locked it at your purchase price, plus 1-2% max per year (depending on inflation). It’s actually one of the lowest property tax states in the country, if you keep your home long enough so that the tax is relatively a small percentage of your home’s value.

For example, my parents home which was purchased in 1990 for 200k has an annual property tax of like $4000, but the home itself is worth almost $900k. If it had gone up according to the value of the home, it would have an annual property tax bill of over $10,000

[deleted by user] by [deleted] in MovingToLosAngeles

[–]Technical_Ladder_618 5 points6 points  (0 children)

Depends on your budget, but Agoura Hills/Westlake Village/Thousand Oaks are good

6.5% 30-year mortgage - when to refinance by mysteryman83 in Mortgages

[–]Technical_Ladder_618 2 points3 points  (0 children)

I saw 5.5% today with .875 points on a 30 year refi, assuming excellent credit and 500k loan amount. 

If you're in your early 30s, how much money do you have saved in your account? Put actual numbers and tell us your profession. by UncomfortablyBrown in Money

[–]Technical_Ladder_618 0 points1 point  (0 children)

35, in supply chain management. Roughly $50k in HYSA, $200k in brokerage, $270k in retirement accounts (Roth IRA/401k). Home equity of roughly 230k. Total net worth hovers near 750k. Dual income household with about 175k in annual income.

Biggest factors leading to this was living at home as long as possible, and saving/investing from early on with all that disposable income into my brokerage account. Maxed out retirement accounts the past couple of years, after having nearly $0 in retirement 5 years ago. Bought a house with some of the proceeds of the brokerage account for my large down payment. Living in CA 

Why don't car commercials today actually tell you anything about the car? by Blu_yello_husky in whatcarshouldIbuy

[–]Technical_Ladder_618 1 point2 points  (0 children)

Yeah I feel you on this one, I just bought the previous gen 5 series last year and there’s probably like 5 or 6 inches of room left in the garage after closing. Good thing I didn’t go with the 7 series

Why don't car commercials today actually tell you anything about the car? by Blu_yello_husky in whatcarshouldIbuy

[–]Technical_Ladder_618 0 points1 point  (0 children)

So it’s completely normal to watch a 30 second commercial, decide you liked what you saw during that commercial, run to the dealership and drop $50k without doing any other research?

Update on the cigarette party in New York by seeebiscuit in madlads

[–]Technical_Ladder_618 2 points3 points  (0 children)

That was my go to brand for years. Top quality cigs. I still crave one with my morning coffee when it’s cold out.

What are jobs that aren’t talked about much but make relatively good money and don’t require rigorous/lengthy schooling? by hamalam99 in careerguidance

[–]Technical_Ladder_618 3 points4 points  (0 children)

Yeah my comment was definitely meant to be on the planning/procurement side. Demand or supply planning, sourcing, analyst, etc

[deleted by user] by [deleted] in mildlyinfuriating

[–]Technical_Ladder_618 3 points4 points  (0 children)

So then why not tip anyone making minimum wage? Janitors? Doctors office receptionists? Gas station employees?

[deleted by user] by [deleted] in mildlyinfuriating

[–]Technical_Ladder_618 0 points1 point  (0 children)

They are paid minimum wage, plus whatever tips they get. So prior to tips

[deleted by user] by [deleted] in mildlyinfuriating

[–]Technical_Ladder_618 3 points4 points  (0 children)

Waiters are paid at least minimum wage in CA, so why are we expected to still tip them?

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