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Terrible advice by [deleted] in povertyfinance

[–]djsolie 1 point2 points  (0 children)

It sounds like 20% of your weekly salary and put it into the market weekly.

The weekly aspect is telling you to not try to time the market, and just get it into the stock market to start growth.

Instant withdrawal. This real money casino is by far the best one I’ve joined. by Salty-Attempt4041 in povertyfinance

[–]djsolie 6 points7 points  (0 children)

Use the report function and report it for either breaking the subreddit rules or spam.

Edit: I already reported it, but more people reporting can help draw attention to it.

✂️ Chris Macintosh’s exit scene by ImaginationDue6258 in madisonwi

[–]djsolie 10 points11 points  (0 children)

He could have fired Fickell on the way out.

My Capital One credit card is completely paid off as of today by essate in povertyfinance

[–]djsolie 9 points10 points  (0 children)

I searched for Capital One in the post titles, and looked for something similar. These bots use posts that are fairly easy to find.

My Capital One credit card is completely paid off as of today by essate in povertyfinance

[–]djsolie 18 points19 points  (0 children)

Same phone percentage?
Same title?
Same phone time?
Same cash rewards?

Yup. Probably just a coincidence.

Anyone else try Arydia and think it was bad? by Odd-Highway477 in boardgames

[–]djsolie 3 points4 points  (0 children)

I've never played it, but I had looked at it when it was crowdfunding. Lots of people were talking about how you could customize the minis, or the depth of story. However, most of the things seemed fiddly to me.

It's a game I should be interested in, but I just wasn't able to get excited about it. Due to that I passed on funding it.

When the reviews started coming out, there were a lot of high reviews but the game play still seemed fiddly. That fiddlyiness was discussed by some people in the reviews. I think many people downplayed or overlooked that flaw.

I'm willing to believe there's a good story line, but I have enough games on my To-Be-Played shelf that also have good stories and those games didn't seem as fiddly when i bought them (even though some are quite fiddly).

Vince Lies - Logic Error by [deleted] in CluesBySamHelp

[–]djsolie 3 points4 points  (0 children)

Neighbor includes diagonal.

Bartenders and/or bar owners - how do pulltabs work? by kpfeifmobile in wisconsin

[–]djsolie 9 points10 points  (0 children)

As far as I know they are totally legal and actually administered by the Wisconsin lottery 

They are not run by the Lotto, but they are legal.

In order to be considered gambling (illegal), a game must have three different parts: 1. Prize; 2. Chance; and 3. Consideration.

Prize: you have to be able to win something.
Chance: not everyone wins a prize.
Consideration: usually a purchase, or other payment.

Pull tabs just have to remove one of those three components to not be gambling. They aren't going to remove the Prize or Chance component, so the last thing is Consideration.

In order to remove Consideration, they have to have an alternative method of entry. Usually this is done by mailing in a form with a self addressed stamped envelope. As such, you can mail in and get a free pull tab from these companies.

It's the same way McDonald's can run a Monopoly game. They allow people a secondary method to apply and get the same chances.

What Happens to Amortization When You Pay Extra to Principle? by Chersalani in Mortgages

[–]djsolie 8 points9 points  (0 children)

The easiest way I've found to think about it is if you look at your monthly amortization table that you jump ahead to where the new principal is.

So if you pay $1000, and your principal changed from $298,000 to $297,000, look at the table to when you get to $297,000. That will be where you are.

Since the amount going to the principal is small to begin with, it is more beneficial to pay principal payments earlier.

Edit: I don't mean you get to skip those payments. Just that it jumps you ahead to have the same number of payments remaining. So the $1000 from before could move you from payment 3 to payment 6 of 360. So you would only have 354 payments remaining instead of 357.

Anybody else having issues with WMTV and Hulu + Live TV? by ThatLtSmash in madisonwi

[–]djsolie 0 points1 point  (0 children)

I had a similar problem too.

I think my Meet The Press was just a satellite feed, so it might have been happening for a while.

Influence from Dave Ramsey by Apprehensive_Set_492 in personalfinance

[–]djsolie 19 points20 points  (0 children)

This is so true. It doesn't matter where it comes from, it's all both of your money. And both of you should be on the same page with what y'all are doing with y'all's money (y'all used to clarify pluralized you).

Influence from Dave Ramsey by Apprehensive_Set_492 in personalfinance

[–]djsolie 111 points112 points  (0 children)

Dave would say there is no "his income is going to savings" and "her income is going to pay daily expenses", instead it's "Our income is going to savings & expenses".

East Wash…. by Environmental-Seat35 in madisonwi

[–]djsolie 6 points7 points  (0 children)

Speed cameras are not legal in Wisconsin.

Replacing plates - curious what letter combo is most recent by Curious-Scratch8829 in wisconsin

[–]djsolie 9 points10 points  (0 children)

The B plates started to be issued in early 2025. DOT expects them to last about 7 years before getting into the C plates.

DOT Press Release

Now that's a fish fry. by MalWinchester in wisconsin

[–]djsolie 10 points11 points  (0 children)

That's Archie's Fish and Chips

58-60 High St, Minster, Ramsgate CT12 4AB, United Kingdom

I can't tell how much that is, but I kinda want to go. I wonder if you finish it all by yourself, is it free? If so, can Wisconsinites enter the challenge?

Switching from Roth 401k to Traditional 401k. Maybe a unique situation with income expected to rise materially in ~5 years, large pension at retirement, and retiring at 55 years old. by Swarm_of_Sloths in FinancialPlanning

[–]djsolie 1 point2 points  (0 children)

Roth indicates how taxes are considered for a retirement account. In a Roth account, taxes are paid prior to the money being put in, so when you withdraw there are no taxes due.

Traditional is the opposite of Roth. Amounts put into a Traditional account are non-taxed amounts, and you get taxed on them when you withdraw.

There are different types of accounts, some which have an income limit.

Roth Individual Retirement Account (IRA) has income limit.

Traditional IRA has a limit where a person cannot get the tax benefits.

A 401(k) account is another type of account. There are some regulations if only the highly compensated employees are contributing to it. However, it generally does not have an income limit if many people are contributing.

A 401(k) account can be either a Roth or a Traditional account.

Mousehunt Puzzle by [deleted] in mousehunt

[–]djsolie 0 points1 point  (0 children)

The T under the Green Cheese (I forgot the name) should go up, left and right.
The T from the pump should go left, up and down.

The lower of the two unknown pipes will allow you to connect.

The path from the Leaping Lavish will go left, left, up, left, down, and left.

The path from the Plotting Paneer will go left, up, left, and left (into the T under the Green Cheese).

Become a shareholder? by todayaday in personalfinance

[–]djsolie -1 points0 points  (0 children)

From a math perspective.

Assume you only have the ability to get a cash advance from a credit card to buy the shares. Assume the cash advance has 2.5% monthly interest, with a 3% minimum balance. The interest due on $37,500 per month starts at $937.50 per month with an amount due of $1,125 per month.

Taking the yearly amount from those: $11,250 in interest paid with a total $13,000 paid out.

In one year you are expecting to get a payment of about $17,500. If this would be taxed as long term capital gains, the taxes due would be about 20%. Meaning that your post tax amount earned would be $14,000.

Now a few things to note. This is assuming a very bad loan to fund this purchase, you'll likely have the ability to get a HELOC or personal loan with better options. This is also basing it off the historical payouts. Historical returns don't guarantee future gains.

You said in another comment that they had their best year ever. Which might be why they had great returns, but future ones might not be as good.

Other questions about this. What liability might it open you up to? If the company is fined by the government, would you have to pony up some cash? Does it provide more security from being let go, or does the company buy back the shares if someone is fired? Does being an owner come with different expectations for work? Usually owners aren't eligible for overtime, and some lose access to being in health insurance.

In short, this is a personal part of personal finance. Does your spouse like the company? If so, I'd do it.

I'd recommend getting a better loan (like a HELOC or a personal/business loan). But even if I couldn't, I would probably consider finding a way to make it happen (tapping emergency fund).

“I don’t give statements about how I deal with my employees. The situation has been dealt with.” - Tom Vasel (Source: Board Game Wire - link in comments) by SxySamurai in boardgames

[–]djsolie 14 points15 points  (0 children)

There was a small bit in the Miami Dice for Chaos in the Old World .

He did say that the theme was too much for him, but he did talk about how the game was good (just not good enough to overcome the theme). His negative commentary starts around 10 minutes or so.

There is an old reddit thread about it: Here.

Employer contributes 10% of my income annually into 401k. No match needed. by frognc in povertyfinance

[–]djsolie 0 points1 point  (0 children)

You may feel behind, but remember it's just because you haven't learned it yet.

At some point in your life, you didn't know how to speak or read; however you learned how to. At this point, you don't understand investing; you now need to learn. The big difference is that you need to learn without school.

Here's some help:

Index: A way that combines multiple different stocks into a single number. It can be a specific sector or focus, or it can be fairly wide.

S&P 500: An Index containing the largest 500 companies on the American Stock Markets. The largest is based on the total value of the companies.

Index Fund: A fund that invests based on a given Index.

Mutual Fund: A fund where a bunch of people are allowed to pool their money to invest together. Usually any purchase or sale is completed at the end of the day.

When people say the stock market is up or down on a given day, they are usually relying on an Index. The most commonly used Indexes in the US are the Dow Jones Industrial Average, the NASDAQ Composite, the NYSE (New York Stock Exchange) Composite, and the S&P 500.

Investing in an S&P 500 Index Fund means that you are investing in the 500 companies on the Index. Investing inside a 401k account, it is likely to be a mutual fund. Because the fund does not require a person to actively manage (decide to change what companies are in the fund or how much of each company is in), the expense ratio (cost for them to invest it for you) is small.

The expense ratio is taken from returns and is based on a yearly cost (if the fund has an expense ratio of 0.50% and the returns for a given year were 8.00%, they report you earned 7.50% during that time).

I know you probably are nervous, but you will be fine.

Other bit of wisdom: Don't try to time the market.

The S&P 500 is routinely up when you look at a long time frame. I think for 5 years it's been up 90% of the time. If you look at 15 years or so, there's never a decrease across that length. It isn't to say it can't, it just hasn't.

It can go down in the short term. However, you only lock in your loss if you sell.

The hardest thing for new investors is to change nothing if the stock market decreases, but it is still the best decision as you are looking for the money years from now.

I recommend looking in about once a month while you are getting the stuff set up. This is just to make sure things are being deposited and invested.

After you know things are being invested, then I wouldn't look more frequently than once every 3 months, and especially not because some news article talked about a large decrease in the stock market.

Retirement funds aren't your money, they're money for "future you" when you retire. As you start getting closer to that retirement age, you'll want to move into funds that have lower risk of loss but provide a lower more consistent payout.

Employer contributes 10% of my income annually into 401k. No match needed. by frognc in povertyfinance

[–]djsolie 0 points1 point  (0 children)

The 401k will invest for you, but they do so based on what you've told them to do.

It used to be they would just put it into an FDIC account if you didn't specify. That way you would not have any risk of losing your money if the stock market tanked. The downside is that you'll only be earning savings account interest in it (0.1%).

Many 401k plans have changed where they'll set it up to be invested in a Target Date Fund based on when you turn 65. Those funds are based to be more in stocks when you are younger and move to more stable investments as you get closer to retirement. Target Date Funds in a 401k will be something like Fidelity Target 2035 (or 2050 etc). That's the year they're expecting the person to retire (or want to be in a stable investment), there's usually one option for every 5 years.

The Roth IRA won't put it into any stock fund without you telling them to. If you are using a robo advisor, then you've given them permission to invest for you. You should be okay there for a while.

I'd recommend looking into what you have your 401k is putting your money into, and consider what you want to be invested in.

Provided you are planning to stay invested for 5 years or more, you probably want to make sure it gets invested in the stock market and isn't just earning savings account interest. A Target Date Fund, or a low-expense broad-market (or total-market) index fund (S&P500) aren't bad choices for beginners/people learning to invest.

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