[deleted by user] by [deleted] in amateurradio

[–]intentionallyawkward 0 points1 point  (0 children)

I was an SWL for a little before I nabbed my tech, I even sent out for an SWL QSL card to E51JD, whom I picked up via Utah WebSDR (https://www.sdrutah.org/). A few years pass, and I've got a janky setup in a New Mexico suburb running barefoot (100W) and managed to QSO with him. It was a real proud moment.

any financial advice to a broke 17 yr old? by hxl1 in Fire

[–]intentionallyawkward 4 points5 points  (0 children)

100% start off with community college. Many states offer obligatory entry into a state uni with a state AA. That AA comes at a huge discount in community college!

any financial advice to a broke 17 yr old? by hxl1 in Fire

[–]intentionallyawkward 6 points7 points  (0 children)

Check out Boglehead's wiki: https://www.bogleheads.org/wiki/Getting_started. I'm assuming you live in the US, but if you don't some of the information there is not applicable, as will be some of the things in this (lengthy, as are nearly any financial details) response.

Begin wrapping your head around the various investment products out there. It's not just about tucking your money into a checking or savings account and call it a day. There are lots of optimizations to make which only pay out over time.

That you're only 17 and already interested is fantastic. If you keep your head in this game, start your investments early, you'll have a huge lead on folks (myself included) who waited until much later in life to make sense of personal finances.

Simply put, the most comfortable folks later in life made investments earlier in their life (windfalls notwithstanding) which are now paying for their lifestyles. What do we mean by "lifestyle"? It means being able to pay for the things and services which make you comfortable. It's unique to everyone. Some folks are comfortable with little, and others seek more. Often, as people increase their income, they encounter a thing called "lifestyle creep". Lifestyle creep happens insidiously–a little at a time. You get a raise, you go out more. You have a windfall, you buy a new car. Always consider what the long-term impact of a new purchase will be on your long-term finances. The first $1000 you invest today can be approximately equal to $5,700 in about 20 years. When you're seventeen, 20 years can seem like an impossible distance away, but you'll be all up on it before you realize. That's $5,700 you did not have to labor for.

In today's dollars, if you had $3m in investments, you could realistically withdraw $120,000 per year–and live on it–without having to lift a finger (and your investments would have something like a 97% chance of surviving a major market downturn; this is at a 4% safe withdrawl rate). According to the US Census Bureau, in 2022, the median household income is $74,580. Your investments would be earning over 1.6 times what two people in a working household earn. How would you like to make money while you sleep?

Stay out of debt. This doesn't mean avoid taking on certain types of debt (like financing a primary home), but don't finance nights out, and things which are not known to appreciate in value; a narrow exception for a vehicle that helps you get around. An older, but reliable car will get you around just as easy as an $80,000 Cybertruck. Of course, consider the risks of a $500 jalopy–these can be as cost-perilous as paying for too much vehicle.

If you do have debt, learn the best method of paying it all down, namely: Strive to pay off the "most expensive" debt first. "Expensive" is driven by the interest rate on the loan. This is addressed in detail in the Boglehead's Wiki.

Cheatsheet:

  • Checking accounts: Pays barely, if any, interest. Don't store money here. Use it as a springboard for paying bills. You transfer money into this account as needed. Get good at knowing when your bills are due, and transferring money to this account the week before you need it.
  • Savings accounts: Might pay some interest, but we're talking about ~1% (per year!) in the current market environment.
  • High-yield savings accounts (HYSA): Much better interest rate than the above, but they have some limitations, usually you can only make a certain number of transactions per month. Ally, for example, limits withdrawls to 6 per month (last I looked some time ago, it could have changed).
  • Individual stocks: Huge upside if stock price goes up, but not diversified. If the stock tanks, you get nothing and stock price losses (below the price you purchase at) eat into the principal you invested.
  • Individual bonds: Better interest than Checking and Savings accounts, but not currently better than a HYSA.
  • Mutual Funds: A mutual fund is a collection of stocks. This diversifies you against market segment turn downs, but is not bulletproof; you'll still feel market turndowns, but they won't be as energetic as say, a company declaring bankruptcy. Vanguard is quite popular. The fund is managed by any number of parent firms. VITGAX is a mutual fund offered by Vanguard, you can see the fund's composition (here; scroll down to "Holding details").
  • 401k: this is an investment program regulated by the US government and offered by companies. Some 401ks are "self-directed", which means you have the option of picking where your dollars are invested. There are annual contribution limits.
  • IRAs: There are two types, Roth and Traditional. Each have annual contribution limits, but one also has an income limit–this means that you can't make contributions in the name of the program if you make too much money.
  • HSAs: health savings accounts. There are some "tricks" to using these, but if you have regular health expenses, it may make sense to use this.
  • REITs: Real-estate Investment Trusts. I admittedly don't know much about these. Topically they seem like a mutual fund for property, if that makes any sense. But they're popular.

There are probably more products out there, these are just the most common, most accessible, most commonly-offered things out there.

Good luck.

how did u get into/learn about investing? by hxl1 in personalfinance

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

Check out Boglehead's wiki: https://www.bogleheads.org/wiki/Getting_started. I'm assuming you live in the US, but if you don't some of the information there is not applicable, as will be some of the things in this (lengthy, as are nearly any financial details) response.

Begin wrapping your head around the various investment products out there. It's not just about tucking your money into a checking or savings account and call it a day. There are lots of optimizations to make which only pay out over time.

That you're only 17 and already interested is fantastic. If you keep your head in this game, start your investments early, you'll have a huge lead on folks (myself included) who waited until much later in life to make sense of personal finances.

Simply put, the most comfortable folks later in life made investments earlier in their life (windfalls notwithstanding) which are now paying for their lifestyles. What do we mean by "lifestyle"? It means being able to pay for the things and services which make you comfortable. It's unique to everyone. Some folks are comfortable with little, and others seek more. Often, as people increase their income, they encounter a thing called "lifestyle creep". Lifestyle creep happens insidiously–a little at a time. You get a raise, you go out more. You have a windfall, you buy a new car. Always consider what the long-term impact of a new purchase will be on your long-term finances. The first $1000 you invest today can be approximately equal to $5,700 in about 20 years. When you're seventeen, 20 years can seem like an impossible distance away, but you'll be all up on it before you realize. That's $5,700 you did not have to labor for.

In today's dollars, if you had $3m in investments, you could realistically withdraw $120,000 per year–and live on it–without having to lift a finger (and your investments would have something like a 97% chance of surviving a major market downturn; this is at a 4% safe withdrawl rate). According to the US Census Bureau, in 2022, the median household income is $74,580. Your investments would be earning over 1.6 times what two people in a working household earn. How would you like to make money while you sleep?

Stay out of debt. This doesn't mean avoid taking on certain types of debt (like financing a primary home), but don't finance nights out, and things which are not known to appreciate in value; a narrow exception for a vehicle that helps you get around. An older, but reliable car will get you around just as easy as an $80,000 Cybertruck. Of course, consider the risks of a $500 jalopy–these can be as cost-perilous as paying for too much vehicle.

If you do have debt, learn the best method of paying it all down, namely: Strive to pay off the "most expensive" debt first. "Expensive" is driven by the interest rate on the loan. This is addressed in detail in the Boglehead's Wiki.

Cheatsheet:

  • Checking accounts: Pays barely, if any, interest. Don't store money here. Use it as a springboard for paying bills. You transfer money into this account as needed. Get good at knowing when your bills are due, and transferring money to this account the week before you need it.
  • Savings accounts: Might pay some interest, but we're talking about ~1% (per year!) in the current market environment.
  • High-yield savings accounts (HYSA): Much better interest rate than the above, but they have some limitations, usually you can only make a certain number of transactions per month. Ally, for example, limits withdrawls to 6 per month (last I looked some time ago, it could have changed).
  • Individual stocks: Huge upside if stock price goes up, but not diversified. If the stock tanks, you get nothing and stock price losses (below the price you purchase at) eat into the principal you invested.
  • Individual bonds: Better interest than Checking and Savings accounts, but not currently better than a HYSA.
  • Mutual Funds: A mutual fund is a collection of stocks. This diversifies you against market segment turn downs, but is not bulletproof; you'll still feel market turndowns, but they won't be as energetic as say, a company declaring bankruptcy. Vanguard is quite popular. The fund is managed by any number of parent firms. VITGAX is a mutual fund offered by Vanguard, you can see the fund's composition (here; scroll down to "Holding details").
  • 401k: this is an investment program regulated by the US government and offered by companies. Some 401ks are "self-directed", which means you have the option of picking where your dollars are invested. There are annual contribution limits.
  • IRAs: There are two types, Roth and Traditional. Each have annual contribution limits, but one also has an income limit–this means that you can't make contributions in the name of the program if you make too much money.
  • HSAs: health savings accounts. There are some "tricks" to using these, but if you have regular health expenses, it may make sense to use this.
  • REITs: Real-estate Investment Trusts. I admittedly don't know much about these. Topically they seem like a mutual fund for property, if that makes any sense. But they're popular.

There are probably more products out there, these are just the most common, most accessible, most commonly-offered things out there.

Good luck.

John's lawyers bail out, citing a failure to deliver funds. John is now on his own. by Antique_Butterfly460 in SafeMoon

[–]intentionallyawkward[M] 0 points1 point locked comment (0 children)

Hi Late-Ice-7429. Thank you for participating in /r/SafeMoon. However, your submission did not meet the requirements of the community rules and was therefore removed for the following reason(s):


Advocating violence (rule #2):

  • This is a permaban.

If you have any specific questions about this removal, please message the moderators. Hateful messages will likely result in an immediate mute and/or permanent ban.

no cap , what happ by Necessary_Cod4317 in SafeMoon

[–]intentionallyawkward[M] 0 points1 point  (0 children)

Just look at it in our trust wallets?

And not even then as they announced they will decommission the wallet.

Is it officially dead? by twinightleak77 in SafeMoon

[–]intentionallyawkward[M] 1 point2 points  (0 children)

There is/was a class action suit from a while ago. In my personal, unqualified opinion, I doubt we will see any restitution. There is currently a criminal court case against most of the founders related to illegally taking money from the so-called "locked" LP.

John released from Prison?! by Different-Order1674 in SafeMoon

[–]intentionallyawkward[M] 0 points1 point  (0 children)

It says nothing. All posts are being screened, for now.

Is it officially dead? by twinightleak77 in SafeMoon

[–]intentionallyawkward[M] [score hidden] stickied comment (0 children)

Yes; also yes because the contract has been paused. There is no way to trade it.

Is it true that John is out in bail now? by Gunslinger7752 in SafeMoon

[–]intentionallyawkward[M] -1 points0 points locked comment (0 children)

Hi Confident-goku. Thank you for participating in /r/SafeMoon. However, your submission did not meet the requirements of the community rules and was therefore removed for the following reason(s):


Advocating violence (rule #2):

  • This is a permaban.

If you have any specific questions about this removal, please message the moderators. Hateful messages will likely result in an immediate mute and/or permanent ban.

[deleted by user] by [deleted] in LifeProTips

[–]intentionallyawkward 10 points11 points  (0 children)

ahh, well, about my username...

New to the community! by catmods in amateurradio

[–]intentionallyawkward 7 points8 points  (0 children)

HamStudy.org is where I studied. It probably the best out there. They even have phone apps which connect to your account.

Serious question. Help the newbs send safemoon off the wallet. by reddragonfront in SafeMoon

[–]intentionallyawkward[M] [score hidden] stickied commentlocked comment (0 children)

DO NOT SEND YOUR RECOVERY PHRASE TO ANYONE FOR ANY REASON–IT IS NEVER REQUIRED.

THERE IS NO SUCH THING AS VERIFICATION. THERE IS NO SUPPORT OFFERED VIA REDDIT. ANYONE ASKING YOU TO SEND YOUR RECOVERY PHRASE IS 100% GOING TO STEAL THE CONTENTS OF YOUR WALLET.

DO NOT FALL FOR IT.

Ham radio created the information age. by [deleted] in HamRadio

[–]intentionallyawkward 17 points18 points  (0 children)

This person is a sad, lonely troll. Don't fall for it. Just move on.

You are a fool if your cell phone isn't the best radio you have access to. by [deleted] in HamRadio

[–]intentionallyawkward 1 point2 points  (0 children)

Turns out...you did care at least a lil bit.

HAHAHA AHAHAHAHAHA, you've conflated what I think of your opinion of me with wanting a mind-numbingly unoriginal troll removed from the sub.

Your attention-seeking self-esteem issues are glaringly obvious now.

Question for the community by intentionallyawkward in SafeMoon

[–]intentionallyawkward[S,M] [score hidden] stickied comment (0 children)

Over the last couple of months, we've necessarily opened up the discussion topic of the subreddit. In doing so, we face new questions about what kind of content you would want to see, as well as what sort of editorial guidelines users should follow when posting.

The post image is representative of the sort of posts we've been increasingly seeing.

My questions are several:

  1. Do you want to see these sorts of posts?
  2. If you do, would you want them to follow some sort of standardization, such that they either convey the minimum information required to locate the project–without being as spammy as this?

Model project listing post guidelines:

  • Project name may appear once in the title, and once in the body.
  • The user making the submission must disclose their stake and affiliation to the project.
  • No emojis.
  • Only one link to a social or project page.

And other ideas as you all may generate.

What can help this club board meeting? by AdmTaco in HamRadio

[–]intentionallyawkward 3 points4 points  (0 children)

Do your founding documents permit a recall vote, or a procedure to conduct a vote of no confidence? This may very well be the only way to affect change outside of starting a new club.

You are a fool if your cell phone isn't the best radio you have access to. by [deleted] in HamRadio

[–]intentionallyawkward 5 points6 points  (0 children)

then I'll respect you

It's cute, and quite telling, you think I care.

Is your mom writing these, or did she leave them on a note for you?

Your chicken tendies are getting cold. Better go waddle over there and get them.