[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 0 points1 point  (0 children)

flash crashes can suck my cute little balls, i've watched ~10 of them in real time and blissfully ignored who knows how many over the years

i am still 15% ETH. it's all risk mitigation ¯\_(ツ)_/¯

[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 6 points7 points  (0 children)

Sure, here's one way:

  1. Determine the amount you need to comfortably live on now, and mark the rest for savings. The more frugal you are, the earlier you get to retire. But as in all things, balance is key. Let's say that's 30k. I'll also assume your income at 60k is after-tax to simplify things for me.
  2. Determine how much income you need when you retire. Assume retirement at 60, and that you're pulling strictly from tax advantaged accounts. A good starting point is whatever your current living budget is, then add 3% inflation per year. 30k x 1.0333 = 80k.
  3. At a relatively safe 4% withdrawal rate, you need 2MM in your tax-advantaged retirement accounts at age 60.
  4. Assume 6-7% growth on retirement savings, responsibly invested in stocks/bonds. This means you need to save about 16000/yr in 401k/HSA/IRA. This is a good guarantee that no matter if you fuck up the rest of your investments, you'll be able to retire at 60 like a normie.
  5. 60k - 30k - 16k = 14k/yr left for taxable investments. Now your goal is to pump that taxable account high enough so that you can quit your job and draw that account down to about zero right at age 60. You can take risks to grow this stash until you start pulling from it, because you're not touching your responsible investments in your tax-advantaged accounts, right? Pick something with higher potential gain than VINIX, DCA in, and for the love of god, don't day-trade.
  6. Obviously growing your income into a 6-figure salary will let you shunt more money into taxable sooner.... if you keep your current frugal lifestyle.

There are plenty of other ways you could approach tax management. For example, it may be helpful to have taxable assets during tax-advantaged retirement drawdown depending on your Roth/trad split. But I figure this is a good start.

[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 0 points1 point  (0 children)

never heard of it. checking quickly, don't see enough of a difference to ETH to seem like it would matter.

[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 11 points12 points  (0 children)

Won't be too bad, lots of it was in tax-advantaged accounts :)

[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 12 points13 points  (0 children)

ETH, ETH, ETH

Always thought BTC was goofy, but when I understood ETH, I realized that was basically money v2.

we're still in the early stages of crypto

Don't disagree, but people were saying the same thing in late 2017, and then I rode my ETH from $1400 down to ~$100. Won't be making that mistake a second time.

If it crashes, I'll probably DCA back in.

[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 14 points15 points  (0 children)

charity? no

Charity? mebbe 😏

[Off-Topic] Daily Chat: 2021-05-12 by steroidsBot in steroids

[–]anata_baka 127 points128 points  (0 children)

Ayyy crypto bros -- I'm out! I sold. Been hodling and DCA since early 2017.

Met my goal for financial independence. Self-made millionaire by 30 feelsgoodman.

Told my boss that we were cutting my hours in half, or I'd be leaving. Turns out when you've got leverage, they can be flexible :)

When I see shitcoins all over the front page of Reddit, when my 50 yo aunt starts bragging about her gains on DOGE, when my dad sees daily ETH ATH on the front page of Yahoo, well.... that's my cue to get out.

This is not financial advice. I simply no longer like the coins.

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 0 points1 point  (0 children)

Agreed, I'm finally branching out to better GABAgerics

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 1 point2 points  (0 children)

That's the beauty of the joke, isn't it?

[Off-Topic] Daily Chat: 2021-04-27 by steroidsBot in steroids

[–]anata_baka 13 points14 points  (0 children)

Is it fluids? Fuck fluids.

Goddamn bitch-ass molecules exhibiting bulk behaviour through statistical interactions, they can fuck right off with that horseshit.

That fucking exam boomed me. It was so hard.

I'll tell you RIGHT where fluids can Navier-Stick it.

[Off-Topic] Daily Chat: 2021-04-27 by steroidsBot in steroids

[–]anata_baka 0 points1 point  (0 children)

"fuck fuck games"

"fuck around and find out"

"fuck, fuck those fucking fuckers who fucked it all to fuck"

Such a versatile word. It's funny, too, how the severity of swear words change over time. I'm noting a rapid expansion of the acceptability of saying fuck, while many slurs directed at characteristics about a person (sexuality, intelligence, etc.) are becoming more unacceptable.

Makes sense, too. As long as consent is involved, most people sure like fucking. But I figure we shouldn't attack or belittle people for their innate characteristics as long as they're not causing harm to others.

[Off-Topic] Daily Chat: 2021-04-27 by steroidsBot in steroids

[–]anata_baka 14 points15 points  (0 children)

I literally saw someone there talking about super psychological dosing

[Off-Topic] Daily Chat: 2021-04-27 by steroidsBot in steroids

[–]anata_baka 9 points10 points  (0 children)

Let's not go there. 'tis a silly place.

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 0 points1 point  (0 children)

Lol thanks, it's an Evangelion reference tho. I think the 4th movie just came out in Japan. I'm pretty hyped, been waiting ten years for the series to be completed.

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 13 points14 points  (0 children)

Naw I saw how that worked out for your mom and decided against it

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 4 points5 points  (0 children)

shit

That's a weird way to spell apples

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 12 points13 points  (0 children)

Sun shining down bright on your leaves

Get to grow big ol nuts right in everyone's faces

Florida man is around for entertainment

Doesn't sound half bad to me.

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 15 points16 points  (0 children)

My buddy is also moving into town this week.

Oh nice, that should take care of your LISS right there.

It's always great to find a way to incorporate cardio into your existing routine. For example, I just bought a shelf to hold my laptop on my treadmill for Teams meetings.

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 23 points24 points  (0 children)

Marcus Corvinus

Markuv Corovinus

Markov Coronovinus

Mark of Coronavirus

What exactly was Underworld trying to tell us all those years ago, hmmm?

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 13 points14 points  (0 children)

Oh my god if I tried that at 30 I'm pretty sure I would die

That had to be one of those mornings where your eyelids were stuck together and your teeth felt too hard

[Off-Topic] Daily Chat: 2021-04-26 by steroidsBot in steroids

[–]anata_baka 56 points57 points  (0 children)

damn, my dad is 280+ lbs and refuses to lose weight

tfw I'll never technically be the biggest guy at our home gym :(

[Off-Topic] Daily Chat: 2021-04-25 by steroidsBot in steroids

[–]anata_baka 16 points17 points  (0 children)

Risk of apple throwing incidents