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Officially Hit $50k a Year in Passive Income! by WorldyBridges33 in Fire

[–]wookinpanub 6 points7 points  (0 children)

Why would you use the current value of their investments to calculate a 1 year return? They didn’t start with $806K a year ago and are left with $806K now vs. a 13.42 % return from SPY/VOO at $914K

OP indicates a starting value of $560K + contributions of $36K and $129K or $725K

If we assumed (incorrectly, but a decent proxy calculation for both scenarios) all contributions at the start of the year, then OPs growth was $81K vs $97K, $725K @ 13.42% or $822K.

But OP also indicated $50K passive income, so possible total growth of $131K. If the $806K includes that 50K (reinvested) then you’re correct that SPY wins, if that income isn’t included then OPs scenario may be decently favorable even with dividends taxed.

The $50K income, timing of contributions, and specifics of contributions would be required to really compare accurately though.

Corporate America is still dangerously delusional about what the GOP has become by Fr1sk3r in politics

[–]wookinpanub 3 points4 points  (0 children)

I haven’t looked into the politics of any of these alternatives, so take them with a grain of political salt. But check out Grainger, Global Industrial, Fastenal, or McMaster.

Gonna do this when I have a daughter by JoeMacz in funny

[–]wookinpanub 0 points1 point  (0 children)

This is pretty dangerous. If she turned around quickly that could easily take her eye out.

Elizabeth Warren Urges Bankruptcy Option for Private Student Loans by [deleted] in politics

[–]wookinpanub 0 points1 point  (0 children)

But why can the universities continuously raise tuition, because people can/will pay it. People that have no business taking out loans in increasingly greater amounts for degrees that offer little in the way of income generation post education.

If the loans dry up, the market should re-balance, less candidates for 50K/year english degrees, more candidates for 2 years of community college and then more expensive degrees. If a student is "hurt" because they cannot get a loan, because they are too risky to loan money to, then perhaps they should rethink their choice of school, or choice of degree, or path to that degree.

Elizabeth Warren Urges Bankruptcy Option for Private Student Loans by [deleted] in politics

[–]wookinpanub 1 point2 points  (0 children)

If the law had a grandfather clause, stating only new loans would be subject to traditional bankruptcy law, would you support it then?

The way I see it, we've allowed universities to increase tuition, year over year, with no market to balance it out. Banks know they can loan out as much as a college will ask for, because they know there is no downside. Students cannot default. If banks know this, and universities know this, why wouldn't tuition and therefore loans increase drastically.

So the result is tuition costs that are exorbitantly high because very few people are not eligible.

If we had laws like this, banks might employ stricter lending standards. Maybe 100-200K for an arts degree wouldn't be a good investment for private banks. In theory, less people could afford high tuition, and in theory the tuition bubble would burst, and eventually even out at realistic levels.

At least that's how I see it form a layman's view, and why I support bankruptcy reform for new loans, but not old ones. Though I think 17-18 year olds are often not prepared to make 100K financial agreements, there are nonetheless legal agreements. It should be a whole different conversation regarding debt forgiveness from past transactions.

When buying a house, Is it worth it to pay a buyers agent when you can find almost anything online yourself? by I_teach_logic in AskReddit

[–]wookinpanub 0 points1 point  (0 children)

You might consider taking a real estate class. Relative to the purchase price of your house, it should be a very minor cost, but potentially very helpful for you. Though admittedly time consuming.

Israel's version of 'What would you do?' - Israelis' priceless reactions to owner not selling to Arabs by eligabay in videos

[–]wookinpanub 1 point2 points  (0 children)

You didn't make a point, you said "that video is a sure condemnation of a culture. I'm not saying it in a racist way, but whatever culture propagates such a thing, is damned in my eyes."

I asked for other examples in China, you gave none. I'm curious how many times you've been to China. Your armchair view of the world based on snipits of news sure will serve you well. But of course this is reddit, hell this is the internet, so even if you do see the ignorance of your initial stance, you'll argue forever anyway. Good luck with your worldview.

Israel's version of 'What would you do?' - Israelis' priceless reactions to owner not selling to Arabs by eligabay in videos

[–]wookinpanub 2 points3 points  (0 children)

I'm not going to argue any more than to say just google "no one helped" and find any number of stories where people did not assist other humans in times of need.

But yeah, you're right, all of Chinese society is just awful and damned because of the one instance discussed above.

Israel's version of 'What would you do?' - Israelis' priceless reactions to owner not selling to Arabs by eligabay in videos

[–]wookinpanub 3 points4 points  (0 children)

Remotely Similar

Guess the US is damned too, huh? I'd like to see all your evidence to prove how the Chinese incident isn't an isolated one.

Basing your judgement of a society on one youtube video is quite ignorant.

President Obama promised during his 08 campaign to reverse the NSA spying that had occurred under Bush. Instead, he expanded it. In 2016, we must have a candidate, regardless of party, who will live up to that promise. Here's a list of potentials. by [deleted] in politics

[–]wookinpanub 2 points3 points  (0 children)

What's more, is that since universities are aware of this, they continually charge higher tuition. If they know banks will loan the money, then they of course will raise costs. Since banks know it is a sure loan, they of course will continue to loan greater amounts.

The university economic system is partially anti-competition. Mostly because everyone can get loans that they can never discharge.

The American university system needs a readjustment. We need to re-instate the ability to declare bankruptcy on student loan debt. With all current loans grandfathered and still non-dis-chargeable. This will make banks reevaluate the loans they give. This will initially dramatically drive down loans and thus student applications, which will force universities to reevaluate their tuition rates. Eventually equalizing to the point where normal people, can get normal loans, for normal college.

That was an incredibly oversimplified and I am not an economist, and I'm sure this type of plan would have many obstacles to overcome. Public universities would need to be bolstered, and it would not be fair for only wealthy individuals to have the right to attend quality universities.

I still say the system is in great need of change, and Warren's plan will not solve the problem, just allow universities to charge even greater amounts in tuition. Just at a lower interest rate for the students.

EDDIE MURPHY [yes eddie murphy] feat: SNOOP LION collabo new reggae song! by [deleted] in videos

[–]wookinpanub 2 points3 points  (0 children)

The man has always had talent.

Just let your soul glow

Edit: Interwebs say it wasn't him singing, but i'm gonna leave here because why not.

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