bytor9

joined 2 years ago
[–] bytor9@lemmy.ml 1 points 2 years ago (1 children)

Yes agree. Drunk driving is bad but bad driving is also bad. Driving in general is also kind of bad. Focusing on the DUI isn't really the solution.

[–] bytor9@lemmy.ml 6 points 2 years ago (1 children)

Everyone complaining or saying leave but nobody talking about alternatives that solve some of the problems. Mastodon exists. Nostr exists. BlueSky kind of exists.

[–] bytor9@lemmy.ml -1 points 2 years ago

I guess you must know more about law than Biden did 2 years ago when he publically talked about probably not having the authority: https://www.politico.com/news/2021/02/17/student-loan-forgiveness-biden-469677

It's nowhere near that straightforward. And for a third time, if it was the intent of Congress, now would be the time for them to clarify that with direct legislation. But they are not.

[–] bytor9@lemmy.ml -2 points 2 years ago (1 children)

I think it's disingenuous to make it sound that simple.

If Congress supported forgiveness, we wouldn't be having this discussion. Whether they had implicitly given that power to the executive with previous legislation is controversial, thus the SCOTUS case. But it's not like SCOTUS was the first to question it. Pelosi and even Biden had previously stated it was not an executive power.

Again, it could be easily settled now by the legislature if they supported it, but they do not.

[–] bytor9@lemmy.ml -2 points 2 years ago (5 children)

Interesting you say SCOTUS legislating from the bench in this case. Deferment and forgiveness were both "legislated" from the White House. Seems the only party not legislating here is the legislature.

 

Where all my cash hoarders at and where do you park your savings?

Also, how do you decide how much cash to hold vs invest?

Personally I enrolled in Robinhood Gold for the 4.9% APY. It costs $5/month.

[–] bytor9@lemmy.ml 4 points 2 years ago* (last edited 2 years ago)

25% US Large Cap

25% US Mid

25% US Small Cap

25% International

No bonds. Will reconsider at age 40.

Tax strategy - Traditional is more focused in Large and Mid. Small and Intl (higher expected returns) go in Roth.

[–] bytor9@lemmy.ml 12 points 2 years ago* (last edited 2 years ago)

I think you're okay either way but personally if I have an emergency fund and no higher interest debt, I'm paying that off for sure. Even if I lost a couple bucks, worth it for peace of mind.

Would be different if the debt was a mortgage at 3%, which many people do have right now.

Edit: One note for folks doing similar math, don't forget interest and yield on bonds are taxed as ordinary income (20~30% in the US).

[–] bytor9@lemmy.ml 6 points 2 years ago (1 children)

It would be trivially easy to add privacy any number of ways if they didn't insist on tracking the users and logging that info.

They could even track it and just not make it available by web. Or require 2FA. Not exactly a nation-state level attack being described here.

People have just become accustomed to not caring about privacy and so that's what we get.

[–] bytor9@lemmy.ml 5 points 2 years ago (3 children)

Every city had a fine system using cash/coins or cards you could fund at a kiosk by cash coin or card. Those cards were anonymous.

Now everyone has to be fancy and link credit cards and phones to accounts for every activity of daily life.

[–] bytor9@lemmy.ml 28 points 2 years ago

This comment is the perfect balance of sarcasm and valid analogy

[–] bytor9@lemmy.ml 1 points 2 years ago

If it's just a card you like anyway and it's easy then great, but to spend time figuring out 2% vs 1% and meeting all the requirements, that's a damn small amount compared to increasing your income potential, learning skills, or getting various other life choices right.

I just think overall, personal finance folks spend too much time on these gimmicks vs maximizing their income or avoiding costs. Probably because it seems easy and you can do it from your couch.

Also, I shouldn't have said income. It's more like 1 or 2% of your credit card spend, which is hopefully a much smaller number (say $800 on a $100k income with $40k CC spend)

[–] bytor9@lemmy.ml 2 points 2 years ago

This is the way. And don't touch that savings account.

 

Not sure how serious, anyone know more?

 

Not sure how serious the post. Anyone know more?

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