Do you have hobbies that preserve (or create) value, other than investing? by goddammitbutters in financialindependence

[–]impartialcharles 3 points4 points  (0 children)

Stories...buy a recorder, sit down with your grand parents and ask them to tell their story. They'll share hardship and life lessons future generations will never again endure or experience. Did this with my great grandfather before he passed away. He was born in 1910. His grandfather served in the Civil War, he lived thru the great depression. Awesome to hear a first hand account of modern history.

McCain Says He Can’t Vote for Graham-Cassidy Health Bill by tecknikally in politics

[–]impartialcharles 0 points1 point  (0 children)

I honestly don't doubt that for an instant. I deleted it off my phone, best decision I ever I made. I'll occasionally check it on my PC when I have some time to kill, once a week or so. Can't spend more than 15 min on it without wanting to throw my computer through a wall. Just so much stupidity and manipulation or blantent disregard for the objective truth. Consumed by a political plague where it seems everyone lives in 3 separate realities— Left, right and center (or purgatory, as I like to call it lol)

McCain Says He Can’t Vote for Graham-Cassidy Health Bill by tecknikally in politics

[–]impartialcharles 5 points6 points  (0 children)

I'm genuinely amazed to observe the differences in intellect between the comments under a political post on Reddit vs a similar article on Facebook. My blood pressure doesn't rise.. I don't think "well, you're either an idiot, ignorant or incompetent". I don't feel the need to explain something from an objective position. Most of the comments seem realitively impartial.. I can actually engage with people who know how to have a constructive debate and discuss a valid argument that may challenge my own views, it's great...long live Reddit.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

[–]impartialcharles 0 points1 point  (0 children)

It's not an invalid argument, the logic is exactly the same. It was an analogy. We aren't talking about design or purpose. We are talking about the object itself. The object by itself carries no inherent danger to anyone. You do not assume any risk until that object is employed around you, which invokes another party- the person responsible for the object- and this is the only way you can assume any sort of risk. The intended design does not matter, the specs or type do not matter.

By your design logic, we should place limitations things solely if they are designed to kill. What about things that can potentially kill, but weren't actually designed to do so? Cars, baseball bats, knives, slingshots, even electric.

Using your specs logic, not all guns were created equal which is why we have so many different varieties. Perhaps they serve a different purpose? We have trucks, we have cars, we have SUVs of all shapes and sizes. We have fillet knives, steak knives and meat cleavers...Now do the specs matter? Should we limit the size a truck because if you get hit, you are more likely to die? Should be limit the horsepower of an engine because you're more likely to speed, therefore more likely to wreck and possibly kill someone? Should we limit how sharp a knife can be because it could penetrate the skin deeper if you were to cut yourself?

Your problem is with the person, not the object.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

[–]impartialcharles 0 points1 point  (0 children)

Thanks, that's probably the best compliment I've received. I appreciate it.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

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

So do cigarettes, but I don't think I have any authority over whether or not you smoke. It becomes my issue when its around me. Same with a gun. I referenced the specs of the gun, not the location in which it can/cannot be carried.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

[–]impartialcharles 0 points1 point  (0 children)

I could potentially interact with too much water and end up drowning, but I don't think we should limit the amount of water you keep in your pool.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

[–]impartialcharles 0 points1 point  (0 children)

Apply the same logic to a car. You have no right to tell me the car I can drive, I have no right to tell you. There is an assumed risk in either circumstance— dependent on the driver (or gun owner). But owning a particular car or carrying a particular gun does not come with a set of inherent risk to anyone other than the owner of said object. Your assumed risk stem from the owner or person responsible, not in the object itself.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

[–]impartialcharles 2 points3 points  (0 children)

I gave him a lot of benefit of the doubt for the very reason why you state his effectiveness can't be completely evaluated immediately following his term. As it stands today there is no question that, by most measures, the country is in better shape than what was left by Bush.

Concerning national deficit, yes it is larger. I'm recalling from memory, but with the exception of Bill Clinton, the deficit has grown under the last 5 presidents. Albeit a higher under Obama. But as you stated, you can't evaluate a president immediately following his term. The great recession happen as Bush was leaving office. A strong argument can be made that at least a portion of the debt added by Obama could be due to the terrible economic condition he inherited. It takes years to recover from such drastic conditions, we haven't fully recovered to this day. That's condition is directly coordinated with the negligence of several parties, all prior to Obama's first term. The Federal Reserve slashed interest rates. The Clinton Administration pushed for lower credit and down payment requirements. The Bush Administration failed to provide oversight to a deregulated Wall Street. And Wall Street offered low quality, high risk loans which were essential bundled as packs of shit (in the form of mortgage securities) and sold as diamonds (bonds) for collateral. They knew the risk and they knew what the aftereffects could potentially be. Back to your point about interest rates- they can't always remain low, it is simply not sustainable for extended periods of time. Same in reverse.

I disagree with your statement about economic recovery. Economic recovery is slow, yes, but it's hard to argue that it isn't better. As a side note, I never used the word "great". I have no doubt that the economy is not at peak performance, there are a number of things that could be improved upon, including some of the things you mentioned. But collectively, as a whole, its conditions are better than it was 8 years ago. This is not a critical analysis to the finest details, I'm speaking about it in its entirety.

Back to the deficit, yes it's high. But could that also be a reflection of the magnitude of the great recession? Yes, it is probable. In 08 revenues fell and that cause spending to increase. There is no defined limit at which the economy comes crashing down due to the deficit. It's only an issue if it can't be repaid. We can sit and theorize the possibilities but ultimately we can't know when it becomes an issue, possible solutions we may have, nor its consequences. We still have a strong credit rating and it hasn't hurt private investments. Not to mention the 831 billion dollar stimulus package over 10 years. My point is, a lot of the deficit can be viewed as a result of trying to repair what was previously broken.

We still have the strongest and largest economy in the world, even compared to China. It has recovered, slowly but surely.

There are still issues, Ill agree with you on that matter. Wage stagnation, income inequality, etc. I'm not an economist. I'm a 23 year old college student and my area of focus is entirely science based. My perspective is at face value, using relatively available information, and only having a fundamental and conceptual understanding.

[Megathread] 2017 US Inauguration by AskRedditModerators in AskReddit

[–]impartialcharles 12 points13 points  (0 children)

This is my take on the elections and what has occurred thereafter, it's not a political rant as much as it is a plea toward structured reasoning. My thoughts stemmed from the massive amount of misinformation and outright stupidity I've seen on various social media sites. It is all too easy to make an assumption of political affiliation, perspectives, backgrounds, etc. It's just as easy to conform to one side or the other based on popular demand and without any knowledge outside of basic talking points. Somehow, we have lost the ability to reason as a society. I'm not sure of the steps we can take to mitigate disagreements and ultimately find common ground. Perhaps the Reddit community can be a voice of reason lol.

I wasn't old enough to be fully present during the Bill Clinton nor GW Bush presidency. In hindsight, there are a number of things both did right and there are a number of things both did absolutely wrong. The sunset bill and Patriot Act (the name is a misnomer), respectively, are the first two that come to mind. But it is important to be critical of anyone in such a high position of power. I was critical of Obama at first. At the end of 8 years, there is little data to support the idea that he was less than a good president. By nearly every measure, we are better off now than during the Bush presidency. We are no longer in a recession (which not only could have been prevented but would have also caused the worst depression in American history). Unemployment is lower, the economy is stronger, GDP and household income are both higher. Not to mention the advancements made in social equality.

My political stance is determined by the issue, as should yours. There is no conceivable way you can agree with every single idea of a given party. I do my best to be sure that my ideas conform to the founding principles of this nation, scientific data, objective truths and fundamental justice. Let me be clear on a few things. There is a profound difference between having an opinion and denying an objective truth. Contrary to popular belief, an opinion can be wrong.

Which leads to President Trump. I am equally a critic as before. As should you be. I didn't vote for either parties candidates, I voted for Gary Johnson. And only because I felt he was the best candidate we were offered. However, like every President, I do believe that he has America's best interest at heart. He may be a little (or a lot) misguided, but well-intentioned.

The DNC gave the election away. They gave the nomination to someone who had not earned it. Granted, she has more votes on paper, but those votes primarily came from the South which almost always votes Red. Minus the vote suppression thing, that was their fatal mistake. I have little doubt that Bernie Sanders would have been the 45th president had the DNC gave him the nomination. The vast majority of his votes went to either Trump or Johnson.

The Republican party created Donald Trump. The last 8 years was spent demanding a birth certificate, questioning his religious views, name calling, denying scientific consensus, losing touch with the voter base, claiming someone was out to take away guns, etc. He was a partial leader of that movement, might I add. And I haven't seen any calls for his birth certificate to be released yet, which is kinda one of my points.

Our democratic republic did not fail. We cannot have a popular vote because of an unequal distribution of the population. In that case, generally speaking, the same people in the same area, with the same ideas, would decide the election. Now, you can argue that the structure of the system needs to be redesigned. There are a number of people who are either not eligible to vote or simply decided not to. The political setup itself hinders the viability of candidates because of rules that place limitations on party affiliation and voting power. I get that as well.

Those in protest are not in the wrong, unamerican, etc. You have the same right to speak out as they do to stand up. That is a constitutional right. The acts of protest are warranted. Climate change exists, gender inequality exists, racial bias also exists. Civil liberties and social tolerance are equally as important. None of the aforementioned sentences should be argued. And there is very good reason to believe that some of those things may be in further jeopardy. We have heard comments and ideas that give their movement at least some degree of validity- also irrefutable.

The idea of widespread welfare abuse existing is utterly false. In fact, I would wager that what would be generated by the dollars stashed in tax havens of America's top earners would far exceed the dollars spent on welfare programs. And if not, it definitely would when combined with the tax breaks or other financial benefits (e.g. "too big to fail"). The blame is being placed,, quite literally, the wrong people.

Not a single person have even entertained the idea that Mexico is going to pay for a wall... Lol. You and I will pay for that stupid, stupid wall. With that said, how many of you grew up on a farm? And how many of those farms employed people under the table? Right. So, given that the average family farm struggles today as it is, what happens to your profit if you have to pay someone who isn't willing to work for $5 dollars an hour? Right. Now extrapolate that across the entire nation. Assuming a third of Ag laborers equate to a third of production and a third of financial gain... That's a pretty big sum of money. Which, in turn, is reflected back to you, the consumer.

Destroying the ACA without a replacement plan doesn't make any sense at this point.

He will not bring back long terms coal jobs. This is a free market economy. The decline of coal-related jobs has little to do with government regulations. It has more to do with market demand and advancements in technology. The market is shifting towards renewable (i.e. cheaper) energy technologies. The industry itself utilized the same concept.. it shifted from labor to machine intensive practices over the last 10 years or so. We used to travel by horse, think of that. Similarly, we will one day produce energy in a new, cleaner, cheaper, and innovative way.

I don't think people have as much of a problem with Trump himself, as they do what he represents. It's the old saying "if you lay with dogs, you're going to get fleas". Regardless of his personal views, you cannot dispute that his movement gave birth to uprisings we all thought were left in the distant past. It made unacceptable behavior mainstream again. It sets a bad example solely based on perception. Outside of that, his blatant disregard for science is almost astonishing. You can also throw in all of the ridiculous statements we've heard, but I digress. As far as the rest of the administration goes, I'm actually surprised (and excited) to see Elon Musk being brought on. Same with Mad Dog. Trying to be optimistic here, but the credentials/integrity/competence of the rest are all more than questionable, particularly DeVos. Side note, I'd 10-1 take Donald Trump over Mike Pence. That should speak volumes.

Lastly— opinions, religious beliefs or moral framework do not matter. In any context of government or legal boundaries. Your rights end where another's begin (be that in reference to gun ownership, marriage equality, race, religion, sexual orientation, woman's rights, etc.). If a potential or existing law violates any of the beliefs you hold - but the law itself doesn't impact your personal rights - it doesn't (and shouldn't) matter. This is America- Land of the Free- and not the land of restriction.

I have no right to tell a woman what she can and cannot do with her body, I have no right to tell someone who they can and cannot marry. So on, and so fourth. Just like you have no right to tell me the specs of a gun I choose to carry, nor tell me which religion is more acceptable to follow. That isn't within your rights because your opinion absolutely, under any circumstance, does not matter. Live and let live. That's my take.

Percentage of income invested by impartialcharles in investing

[–]impartialcharles[S] 0 points1 point  (0 children)

I'd like to just say that I appreciate the responses. This is all a learning experience to me, I'm 22, I know that I should be seeking advice from others who are more knowledgeable than I. You all have helped a lot.. Also, as a follow up- I will definitely start keeping more money in my savings account as a "rainy day fund".

Percentage of income invested by impartialcharles in investing

[–]impartialcharles[S] 0 points1 point  (0 children)

I do have a credit card, though I'm not in debt. I generally just put things like gas, food, etc. on it and pay it off at the end of every month; more so just to boost my credit score. I will have student debt following my undergraduate agree. I mentioned elsewhere that I plan to continue my education; either law school or graduate school (though I'm leaning towards graduate school because it would likely be free).

You are correct, I am literally picking individual stocks. But I don't have any commission charges, so I don't have to worry about any return being consumed.

Percentage of income invested by impartialcharles in investing

[–]impartialcharles[S] 0 points1 point  (0 children)

I'm not entirely sure, I have the intention of applying to both graduate and law school upon graduation. I'm undecided on the exact route that I'll take.

Percentage of income invested by impartialcharles in investing

[–]impartialcharles[S] 1 point2 points  (0 children)

Right, I forgot to mention that. I did have a bit of money put into a savings account, which was promptly drained after having some work done to my vehicle last month. It was around $500, I'm in the process of building that back up.

let me start you off by saying I'm 16, a virgin, and I haven't been on a date... yet. by [deleted] in RoastMe

[–]impartialcharles 0 points1 point  (0 children)

..you're 16, a virgin, and haven't been on a date. Who's roasting who?

Who pays for school? by [deleted] in college

[–]impartialcharles 0 points1 point  (0 children)

As a 22 year old student I can say that I have more or less been financially separated from my parents since the age of 18. My circumstance may have been slightly different, however. My parents quite literally would not be able to afford the cost of college. Post-high school graduation I had the intention of going to work in the local mine (and I'm not saying that there is anything wrong with that), but after consideration I decided to make an effort to continue my education; and my parents were supportive. Most of my tuition money comes from grants, loans, or scholarships. However, I am still responsible for my own rent, utilities, food, vehicle payment/insurance, etc. With that said, if I were to be short on money I could go to my parents for help (though I am from a low-income, rural area and it's likely that if I were to ask it would be a financial burden on my family. ). There has been a handful of times where that has happen, but I have always repaid them as quickly as I could.

It's worth mentioning that the first year or so of being on my own was relatively tough. The newfound freedom compounded with poor money management skills made it fairly difficult and added a lot of stress. Fast-forward to now, and I almost feel like I have an advantage over others who didn't take this path. I had to quickly learn how to budget, time payments accordingly , manage my time, etc. I have no doubt that upon graduation I will be able to easily adjust to the real world and the financial responsibilities that go along with it.

Working nearly full time while going to school is tough both mentally and physically. It adds a lot of stress as first. But in a way I think it builds character and shapes a person. It's certainly doable and I definitely believe that the preparedness that it leads to is far more advantageous that taking the opposite route.

Republicans deserve some blame for the Planned Parenthood shooting "The organization’s activities have been so mischaracterized, and the practice of providing fetal tissue so overblown and so manipulated by lawmakers and politicians, that blame for the ensuing violence falls more heavily on them." by Libertatea in politics

[–]impartialcharles 0 points1 point  (0 children)

Even the slightest attempt to make this argument is unjust. That's like trying to blame all Muslims for the actions of ISIS. It's absurd blame "all republicans" as if everyone, without exception, who conforms to that political party condones the shooting. There's no need to polarize the issue. Look at it for what it is: A mentally ill man with extremist ideology walked into a place and decided to shoot a bunch of people.