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  1. #14776
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    when you guys stop fighting over who has a smaller dick can someone answer a question for me

    the gov't (or fed) buys up corporate bond debt?
    this props the company up makes it look good
    isn't it the same as giving food stamps and a monthly check to a welfare mom?
    why do they do this? sounds like socialism to me

    please answer in a way that a third grader can understand

  2. #14777
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    Quote Originally Posted by fastfred View Post
    when you guys stop fighting over who has a smaller dick can someone answer a question for me

    the gov't (or fed) buys up corporate bond debt?
    this props the company up makes it look good
    isn't it the same as giving food stamps and a monthly check to a welfare mom?
    why do they do this? sounds like socialism to me

    please answer in a way that a third grader can understand
    The fed buys up debt to provide liquidity to promote orderly market function. Illiquid assets can be both over and under priced/valued.

  3. #14778
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    Sep 2006
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    6,029
    Quote Originally Posted by 4matic View Post
    Taking Social Security early is horrible advice. The worst. Itís much better to drawdown savings and wait if you have the means. Especially if you have savings to draw that have already been taxed and interest rates are this low. Iím guessing you needed the money Benny? With a 6% cola this year anyone that has waited is getting PAID.

    https://content.schwab.com/web/retai...-single-4.html

    At 8% gain per year and now an additional 6% cola just waiting to full retirement age would have a significant payoff.
    Well it's horrible advice if you live to be 90 YO. Not so good advice if you die at 66.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  4. #14779
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    Sep 2006
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    6,029
    Quote Originally Posted by fastfred View Post
    when you guys stop fighting over who has a smaller dick can someone answer a question for me

    the gov't (or fed) buys up corporate bond debt?
    this props the company up makes it look good
    isn't it the same as giving food stamps and a monthly check to a welfare mom?
    why do they do this? sounds like socialism to me

    please answer in a way that a third grader can understand
    It's not socialism. It's referred to as fascism. This may be information at a 7th or 8th grade level though.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  5. #14780
    Join Date
    Nov 2010
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    Valley
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    446
    Quote Originally Posted by Toadman View Post
    Well it's horrible advice if you live to be 90 YO. Not so good advice if you die at 66.
    Taking it early also limits spousal and survivor benefits.

  6. #14781
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    Quote Originally Posted by dunfree View Post
    The fed buys up debt to provide liquidity to promote orderly market function. Illiquid assets can be both over and under priced/valued.
    if huge corporations can't do this on their own then something is wrong so the gov't steps in? wtf?
    it's welfare
    the next house of cards is corporate debt?
    they get bailouts too big to fail?

  7. #14782
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    Oct 2003
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    Big in Japan
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    Quote Originally Posted by CovertM View Post
    Lol, don't touch them, never will. Unwind quite a few BS products that people come in with though. Clearly you don't understand what a fiduciary adviser does, I couldn't touch those products and hold myself out as a fee only adviser. Sorry the annuities touched you inappropriately and you didn't seek advice.

    If you took SS at 62 or even FRA, sorry. Where else can you get a guaranteed 8% annual return (not including COLA)? I can't promise that! Can't tell you how many people have showed up after taking SS early because of conspiracy guberment BS you alluded to.

    edit: just say 4matic stating the same thing.

    take a walk benny and listen to another Bogle interview
    You know what's funny about your 8% talk? Well, besides unexpected major illness and/or death, instantly muting the argument. Which happens a whole lot post 70 for, at least, men. COLA. SS will go up 5.1% next year, rumor has it. Thanks, inflation. I'll buy another beer in the Dolomites. Cause that's what it is. Beer money. So to speak. I mean, I know that half of Americans in or near retirement will only have SS. Not the TGR demographic, but, half of Americans is a lot, and woe to them. It isn't or won't be easy, but, what's the alternative for so many discarded, like Pynchon said, metal turnings on the shop floor of capitalism. And they have no voice, because they have no money. Nobody cares. and most are too embarrassed to think beyond day to day. I mean, why would a financial advisor talk to them? They have no money.

    I like to think that financial advisors are like active fund managers. They have enough personal self esteem that they feel that they can do what nobody else can, and that's beat the market long term. They think they can bring value to the proposition, a secret trick, just like the private school their clients get fleeced for their kids. Gotta be an angle. But, in the end, there ain't. It's real simple, real obvious, been stated over and over. Sorry. So, why should anybody pay for that?

    The world is perfect. Appreciate the details.

  8. #14783
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    Dec 2003
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    Seattle
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    Quote Originally Posted by dunfree View Post
    benny vs 4matic in the retired blowhard battle Royale.
    Maybe these two financial geniuses could contribute to the send a deserving maggot to Europe fund?
    Quote Originally Posted by Downbound Train View Post
    And there will come a day when our ancestors look back...........

  9. #14784
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    Oct 2003
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    Shit, I already won that one. Homemade.

    The world is perfect. Appreciate the details.

  10. #14785
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    That was predicktable.

    Go on Bunny. Give something back to this place.
    Quote Originally Posted by Downbound Train View Post
    And there will come a day when our ancestors look back...........

  11. #14786
    Join Date
    Dec 2004
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    Where the sheets have no stains
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    17,128
    I like to think that financial advisors are like active fund managers. They have enough personal self esteem that they feel that they can do what nobody else can, and that's beat the market long term. They think they can bring value to the proposition, a secret trick, just like the private school their clients get fleeced for their kids. Gotta be an angle. But, in the end, there ain't. It's real simple, real obvious, been stated over and over. Sorry. So, why should anybody pay for that?
    Damn dude you are seriously demented.

    People pay me a lot of $$$ to do what I do because they don't have the background or knowledge and its money well spent. I pay a cut to my FA because of those very same reasons. For me it has been money well spent.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

  12. #14787
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    Mar 2006
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    17,786
    Quote Originally Posted by Toadman View Post
    Well it's horrible advice if you live to be 90 YO. Not so good advice if you die at 66.
    In simple terms yes, but there is much more to it. Taxes for one. Like I said, if you have cash that's already been taxed to draw down it's a simple decision. You need to calculate what you need to live on and work off that number. It's not about when you pass.

    For example, I took the Covid 19 401k withdrawal and also took monthly 401k systematic withdrawals so I could get a mortgage and have cash to live on. After I got the mortgage I paid back the 401k withdrawals to lower my tax burden. With interest rates so low it works to have a mortgage and use the cash to postpone taxes.

    This is why it pays for me to postpone SS. When I do claim it I can lower my systematic withdrawals to again, mitigate taxes. The bottom line is, if I wait to claim SS it will pay all my monthly fixed expenses, plus change, so my 401k withdrawals can be managed to minimize taxes.

    I know that a mortgage is not tax efficient when you are minimizing income but I'm calling that a luxury to live where I want in a house I like.

  13. #14788
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    Oct 2003
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    Big in Japan
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    Quote Originally Posted by Bunion 2020 View Post
    Damn dude you are seriously demented.

    People pay me a lot of $$$ to do what I do because they don't have the background or knowledge and its money well spent. I pay a cut to my FA because of those very same reasons. For me it has been money well spent.





    it's not that hard. Won't take you long to learn. You have a business? An accountant and lawyer in the same room every now and then is better than an FA shingle. It's not hard to get certified. It ain't Harvard.

    Costs kill investments.

    The world is perfect. Appreciate the details.

  14. #14789
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    Mar 2006
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    17,786
    Quote Originally Posted by Benny Profane View Post
    You know what's funny about your 8% talk? Well, besides unexpected major illness and/or death, instantly muting the argument. Which happens a whole lot post 70 for, at least, men. COLA. SS will go up 5.1% next year, rumor has it. Thanks, inflation. I'll buy another beer in the Dolomites. Cause that's what it is. Beer money. So to speak. I mean, I know that half of Americans in or near retirement will only have SS. Not the TGR demographic, but, half of Americans is a lot, and woe to them. It isn't or won't be easy, but, what's the alternative for so many discarded, like Pynchon said, metal turnings on the shop floor of capitalism. And they have no voice, because they have no money. Nobody cares. and most are too embarrassed to think beyond day to day. I mean, why would a financial advisor talk to them? They have no money.

    I like to think that financial advisors are like active fund managers. They have enough personal self esteem that they feel that they can do what nobody else can, and that's beat the market long term. They think they can bring value to the proposition, a secret trick, just like the private school their clients get fleeced for their kids. Gotta be an angle. But, in the end, there ain't. It's real simple, real obvious, been stated over and over. Sorry. So, why should anybody pay for that?
    According to Benny plan on dying young so front load your retirement income and spending. Genius!

  15. #14790
    Join Date
    Mar 2006
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    17,786
    Quote Originally Posted by fastfred View Post
    when you guys stop fighting over who has a smaller dick can someone answer a question for me

    the gov't (or fed) buys up corporate bond debt?
    this props the company up makes it look good
    isn't it the same as giving food stamps and a monthly check to a welfare mom?
    why do they do this? sounds like socialism to me

    please answer in a way that a third grader can understand
    The fed only bought corporate debt for a few months last year to add liquidity and after the GFC. They've since sold that off. Now they buy government and agency bonds. It's more incestual in that fact.

  16. #14791
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    Quote Originally Posted by 4matic View Post
    According to Benny plan on dying young so front load your retirement income and spending. Genius!
    Do you know how much SS actually is? You're going to plan your life around that, or 25% more of that, if you're a good boy? That's what five to ten years of your life is worth?

    The world is perfect. Appreciate the details.

  17. #14792
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    Mar 2006
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    17,786
    Quote Originally Posted by Benny Profane View Post
    Do you know how much SS actually is? You're going to plan your life around that, or 25% more of that, if you're a good boy? That's what five to ten years of your life is worth?
    I do know how much it is. I know you need the $900 a month in SS now to get by but don't equate that as a wise financial decision for others. An extra $125k over 4 years doesn't matter that much to me in the long term. Knowing that I will have x per month guaranteed in a few years goes a long way with planning. Initially I was going to take SS early but it just doesn't pencil out or make any sense in a long term plan considering how low interest rates are now and taxes.

  18. #14793
    Join Date
    Nov 2010
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    Valley
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    446
    Quote Originally Posted by Benny Profane View Post
    You know what's funny about your 8% talk? Well, besides unexpected major illness and/or death, instantly muting the argument. Which happens a whole lot post 70 for, at least, men. COLA. SS will go up 5.1% next year, rumor has it. Thanks, inflation. I'll buy another beer in the Dolomites. Cause that's what it is. Beer money. So to speak. I mean, I know that half of Americans in or near retirement will only have SS. Not the TGR demographic, but, half of Americans is a lot, and woe to them. It isn't or won't be easy, but, what's the alternative for so many discarded, like Pynchon said, metal turnings on the shop floor of capitalism. And they have no voice, because they have no money. Nobody cares. and most are too embarrassed to think beyond day to day. I mean, why would a financial advisor talk to them? They have no money.

    I like to think that financial advisors are like active fund managers. They have enough personal self esteem that they feel that they can do what nobody else can, and that's beat the market long term. They think they can bring value to the proposition, a secret trick, just like the private school their clients get fleeced for their kids. Gotta be an angle. But, in the end, there ain't. It's real simple, real obvious, been stated over and over. Sorry. So, why should anybody pay for that?
    Jeebus, youíre fucking dense.

    Equating an active fund manager and an Adviser tells a lot about your knowledge of the profession. Investment management is one tiny sliver of the value pie that clients get from me. Apparently theyíre all so stoopid for entrusting me with their millions when they could do it themselves and have to take SS early because they donít know WTF theyíre doing.

    Iíll give you $100 dollars if you can pass a CFP practice test on the first shot. You pass the CFP test in three tries, Iíll give you $1,000 and reimburse all of your exam fees. Now STFU and go back to DCAÖoh wait you donít have any money to invest because youíre already living on your reduced SS payment and clearly bitter that you made poor financial decisions throughout your life. Let me guess, itís all the marketís fault.


    Sent from my iPhone using Tapatalk

  19. #14794
    Join Date
    Nov 2010
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    Quote Originally Posted by 4matic View Post
    In simple terms yes, but there is much more to it. Taxes for one. Like I said, if you have cash that's already been taxed to draw down it's a simple decision. You need to calculate what you need to live on and work off that number. It's not about when you pass.

    For example, I took the Covid 19 401k withdrawal and also took monthly 401k systematic withdrawals so I could get a mortgage and have cash to live on. After I got the mortgage I paid back the 401k withdrawals to lower my tax burden. With interest rates so low it works to have a mortgage and use the cash to postpone taxes.

    This is why it pays for me to postpone SS. When I do claim it I can lower my systematic withdrawals to again, mitigate taxes. The bottom line is, if I wait to claim SS it will pay all my monthly fixed expenses, plus change, so my 401k withdrawals can be managed to minimize taxes.

    I know that a mortgage is not tax efficient when you are minimizing income but I'm calling that a luxury to live where I want in a house I like.
    This!

    Until RMDs kick in and youíre forced to pay the man. Would be interesting to see what a 401k rollover and Roth conversion would do in early retirement years or from 70-72 when youíre hopefully only taking SS income. Plenty of ways to model it and be efficient as possible.


    Sent from my iPhone using Tapatalk

  20. #14795
    Join Date
    Nov 2002
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    Behind the Zion Curtain
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    4,153
    Quote Originally Posted by CovertM View Post
    Iíll give you $100 dollars if you can pass a CFP practice test on the first shot. You pass the CFP test in three tries, Iíll give you $1,000 and reimburse all of your exam fees.
    Iím not a financial planner, but itíd seem Benny playing dumb would pay off.

    😁

  21. #14796
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    Oct 2003
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    Big in Japan
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    Can I bring my slide rule?

    The world is perfect. Appreciate the details.

  22. #14797
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    Dec 2003
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    Unsurprisingly, neither Bunny or 4masturbate contributed yet.
    Quote Originally Posted by Downbound Train View Post
    And there will come a day when our ancestors look back...........

  23. #14798
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    7,869
    I am entertained. Thank you.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  24. #14799
    Join Date
    Feb 2005
    Location
    North Vancouver/Whistler
    Posts
    12,849
    Just checking in.

    As expected volatility has come down. Im 10% short. 90% long. In last while shorted runners like Prog Mrin. Covered already.

    Took long position in T. That 5.5% dividend attracted me. Filed away with xom irm and their like for high yields and dividends.

    Increased my yolo on Riot. Also took long position in HUT as another crypto miner.

  25. #14800
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    Mar 2006
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    17,786
    I bought T this week too. Bought some VZ too even though I hate the company now (Iím a customer fwiw)

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