124200+ entries in 0.883s
pete_dushenski: but even if you have
a $400k portfolio, it's unlikely you'd have saved that much working 'menial' jobs for 10 years
pete_dushenski: and
a 'decent sized portfolio' can be easily 100% savings
liquidassets: in spite of these two failures I manage
a decent size portfolio now
PeterL: any financial advice I give should be taken with
a grain of salt, as exemplified by my horrible mortgage investment I don't have alot of good marks on my record
liquidassets: 2nd one was
a $10,000 'private investment' in
a mobile medical PET scanner that was such
a total scam...RapidScam Imaging I think it was called lol
PeterL: there is one question "does it make sense to rent or buy (or try squatting) based on my financial situation?" and
a separate question of "I have x money to invest, should I put it in real estate or investment y or z?"
liquidassets: pete_dushenski been
a USmarket bezzle investor since 1999. Alliance Pharmaceutical was my first hot stock tip I bought into, put all my eggs in that basket. 1 of 2 investments I've lost all principal
PeterL: based on pete_dushenski's articles, I am not sure if I have
a good personality for being
a land-lord
PeterL: for example, where I want to live (close to my place of employment, nice neighbors, etc) has different criteria than
a place for investment (price/value, possible tennants, etc)
liquidassets: so best thing to do is find
a 4 unit you can tolerate living in with your tenants (if the loan you get requires you to owner occupy)
PeterL: I think getting
a dwelling and making real estate investments should be approached in different ways
PeterL: I don't think it will take
a long time, I currently live rent free. Before you ask why not just stay, it is
a bit small for my family
PeterL: I was unemployed part of this year. I am working on building
a savings to use as
a down payment
liquidassets: well...that would be
a great thing. How would you best go about it?
PeterL: why not have
a (relatively) payment free place to live?
assbot: Logged on 19-12-2015 06:39:24; liquidassets: most people, and mexicans I work with, will buy
a house with the little money they have, stack 9-12 members of extended families, and work their asses off to pay off
a 30 year mortgage in less than 5
PeterL: When I bought the house I thought it was
a financially good thing to do (I was in college at the time): buy house, pay mortgage for ~5-8 years, sell and have
a nice down payment for the next house wherever my after college job ended up
PeterL: Now I would want to get
a house with
a large down-payment, pay it off quickly, then not have to worry about
a monthly rent payment
☟︎ PeterL: It is hard to predict the future, having
a 30 year mortgage locking you down in one spot is not what I want to do again
PeterL: I dunno, I think I might buy. But I will approach it
a bit different now, I will be more selective and aggressive instead of just taking the first offer the real estate agent suggests.
liquidassets: PeterL sorry for your luck, it's supposed to be much better 'for your credit' than going through
a foreclosure. What are your thoughts on buying going forward?
PeterL: The bank didn't lose any of that 75k, they had insurance (which was tacked onto my bill every month) to cover such
a loss. Insurance didn't help me any, even though I was the one paying for it.
assbot: Logged on 19-12-2015 12:40:47; mircea_popescu: fun fact : if your debtor disposes of
a retail (ie, faux) non-recourse loan and you live in the us/other such shitholes, the government WILL WANT TO TAX the ammount lost. because you made
a theoretical gain.
pete_dushenski: i've had the icespheres in old fashioneds at local restaurants. tis
a classy touch
shinohai: "P.S. Who knew you didn’t need Facebook or Myspace or whatever to make
a post like this ?" <<< heh
assbot: Logged on 19-12-2015 04:32:25; mircea_popescu: so i ended up the happy owner of the best ice tray i have ever seen in my life. it's exceptionally well made plastic. for one thing, it's properly flexible. for the other, it's actually hygroscopic. for yet another, the separators are actually TALL enough you get proper cubes made. it is
a wonder of perfection which literally fills my life with joy.
mircea_popescu: well so that's the analogy. from
a management pov all you care about is the water level.
PeterL: most just go straight to the tv, "I'll think about burning stuff after I watch my shows and surf facebook for
a while"
mircea_popescu: all you gotta to is arbitrarily (which, in the theoretical paradigm you claim to operate under would be - illegally!) suspend whatever laws whenever things get to
a boiling point
mircea_popescu: water is dumb. it has
a very simple action cycle : does movement result in lower center of gravity ? if yes go if not stay.
mircea_popescu: you "suspend" it, arbitrarily, whenever it looks like it's enough to cause
a riot, maybe.
☟︎ PeterL: ^ I short-sold
a house
a few years ago, was lucky enough to fall in the time frame USgov was doing
a special "excluding mortgage losses from taxes" stint
mircea_popescu: suppose you buy
a house, take
a 100k loan from the bank on the understanding that if you don't pay they can have the house and that's it. suppose the market goes to shit, and you walk. suppose the bank takes your house and sells it for 60k.
mircea_popescu: fun fact : if your debtor disposes of
a retail (ie, faux) non-recourse loan and you live in the us/other such shitholes, the government WILL WANT TO TAX the ammount lost. because you made
a theoretical gain.
☟︎ assbot: Logged on 19-12-2015 04:32:25; mircea_popescu: so i ended up the happy owner of the best ice tray i have ever seen in my life. it's exceptionally well made plastic. for one thing, it's properly flexible. for the other, it's actually hygroscopic. for yet another, the separators are actually TALL enough you get proper cubes made. it is
a wonder of perfection which literally fills my life with joy.
mircea_popescu: "we're
a large collection of people who understand nothing of anything and here's what we think the world is". such an unique value proposition.
PeterL: "30.
A little trust goes
a long way. The less you use, the further you’ll go."
mircea_popescu: more practically, most business ventures are financed by
a convertible note.
mircea_popescu: (this isn't, as the retail bankers got the retail suckers to think,
a case of "you can't takle anything other than my house".
assbot: [Theory] Jar Jar Binks was
a trained Force user, knowing Sith collaborator, and will play
a central role in The Force Awakens : reddit.com ... (
http://bit.ly/1QzHXgi )
punkman: is that
a good wrist wrap?
liquidassets: And anyway, it could be for other people. Give me
a few million to work with and I'm going to put that shit to work
liquidassets: I'm in real estate, so it's
a little more liquid for me ;)
liquidassets: I'm not sure I made
a point out of all of this
liquidassets: It's like 20s 20s 20s 20s everywhere
a 20. Ok Maybe
a 50....Oh well hold on, I can't really break 100
liquidassets: most people, and mexicans I work with, will buy
a house with the little money they have, stack 9-12 members of extended families, and work their asses off to pay off
a 30 year mortgage in less than 5
☟︎ punkman: best to skip the real estate if you onlyt have
a million
liquidassets: I'm calling smart money has
a significant % in cash
assbot: Logged on 18-12-2015 16:53:58; Birdman: These are interesting times to be alive, that is for sure. And i have
a bezzle bag so if i do somehow keep my imediate freedoms through the crash of fiat and rise of sound money my mouth will be fed.
mircea_popescu can't remember the last time he has encountered
a perfect product, but it wasn't this decade.
mircea_popescu: so i ended up the happy owner of the best ice tray i have ever seen in my life. it's exceptionally well made plastic. for one thing, it's properly flexible. for the other, it's actually hygroscopic. for yet another, the separators are actually TALL enough you get proper cubes made. it is
a wonder of perfection which literally fills my life with joy.
☟︎☟︎ trinque looks forward to the day he can fiddle around with the concept of hypertext on
a gossipd
mod6: <+asciilifeform> incidentally, anybody ever succeed in getting
a ~heap dump~ of
a running trb ? << thanks.
mircea_popescu: anyway. apparently there's
a limit on the count of simultaneously up services. whatevs.
gribble: Error: "jurov" is not
a valid command.
mircea_popescu: anyway, i think ima bring up
a nigger.trilema.net or somesuch. be
a few.
assbot: You rated user Naphex on 18-Dec-2015, with
a rating of 10, and supplied these additional notes: most badass coder i ever worked with. his moral character & integrity are rock solid..
CoraCrisT: i just need to study it
a bit. won't take long tho
BingoBoingo: ;;later tell adlai too late. If you want
a beat you can't just mention diff increase in chan without dropping an encrypted dpaste full of qntra submission.
☟︎ assbot: You rated user CoraCrisT on 30-Nov-2015, with
a rating of 3, and supplied these additional notes: XOtika.tv CEO - Handles bussiness side, press, recruiting, marketing, hr, pr.
BingoBoingo: adlai: Were you writing
a note on this diff increase?
assbot: We talked to the Albertans selling bottled air to China — and despite all indications to the contrary, it’s not
a hoax ... (
http://bit.ly/1msiIQo )
assbot: Logged on 18-12-2015 02:16:10; mircea_popescu: (this was counterintuitive to the grunts doing money changing in the street, we had
a good laugh over steaks about it, when discussing venezuela's plans to the same thing. after it played out they decided i was
a god. because hey, why admit you were wrong when you could think the guy who's right is simply supernatural)
mircea_popescu: ing and everything else. The publisher got paid
a 20% commission." <<< put their dumbass widget on your site (so provide all the leads), use your own creatives (so provide all the work), be paid
a 20% COMISSION.
mircea_popescu: "We thought that others would also be interested in such
a feature for their website, that made it possible to sell print products from all their pictures. Therefore, we decided to build something more generic, that everyone else could use as well. The new service was called PiX’n’PaLs PhotoProducts, which helped publishers monetize their website by selling print products from images. We took care of payment, shipp
danielpbarron: yeah apparently that's against the rules it turns out >> Then, any bet to do with breaking the law (specifically, murder, but also arson, theft, general destruction and mayhem) is
a BadBet and not allowed on BitBet.
https://bitbet.us/faq/#22 assbot: There's
a one Bitcoin reward for the death of Pieter Wuille. Details below. on Trilema -
A blog by Mircea Popescu. ... (
http://bit.ly/1IZeA4t )
gribble: Error: "bc,diff" is not
a valid command.
ascii_field: actually
a top market niche for sa is 'bug sweep' and 'interference search'
mircea_popescu: the point here is that just like what people want to do with
a camera (take pictures of woman) is not
a good fit for your idea of
a camera, just so what people want to do with sa is not
a good fit for your idea of
a sa.
mircea_popescu: ok, let's indulge. was there
a woman in your picture with legs lazily spread apart ?
mircea_popescu: if you're going to take "
a very slow picture" with
a one pixel camera, you'll end up measuring 42.
ascii_field: the parallel with the decay of computing is actually
a pretty close one
ascii_field: supposing that you can orient it, it is simply
a very slow means of taking
a picture.
ascii_field: could you take
a decent survey of still objects in
a room with it? surely
ascii_field: market consists solely of usgistic (costs like
a car) and chinese parody (yer an audiophile and cattle and stfu buy this turd)
ascii_field: why not simply
a multitude of broad tuners attached to analogue lights.