yote_zip

yote_zip, 6 months ago

We are always “losing money” in this sense unless we are buying and selling the optimal assets every day. Even their example of the “winning” S&P 500 is still just an index scooping up all the big losers along with all the big winners. We diversify because we can’t pick the winning assets every time, so if you understand the benefits of diversification I feel like the drawbacks are already obvious.

yote_zip, 6 months ago

Clickbait works, and that’s all there is to it. People click on clickbait, so the algorithms promote clickbait, and subsequently the authors need to use clickbait or their content won’t be visible. Counter it by finding people with integrity and good content to follow, regardless of whether or not they use clickbait to keep pace with the algorithms.

yote_zip, 6 months ago

I used to do this but if you aren’t aware Regulation D was removed during the pandemic which means you can use savings accounts exactly like checking accounts. Some banks will also let you store nothing in checking and auto-draw from savings when you use your checking account.

I currently store my cash with SoFi which allows this and has 4.6% returns. I made the decision to stop using a brokerage as checking a while ago but IIRC, money market accounts and HYSA accounts moved together for returns and sometimes HYSAs were better so I felt like it wasn’t worth the complication for potentially a few dollars of profit per year. I store very little cash on hand anyway since I’m able to sell raw stocks in the event of an emergency. (Selling while the market is down will still put you ahead of cash returns if you invested that part of your emergency fund a while ago).

yote_zip, 6 months ago

I keep a budget, and this structure keeps me honest

It’s not clear why you don’t have it all sit in brokerage checking instead of split between savings? Personally I find any sort of attempts to “trick” yourself into certain spending behaviors when it would be more optimal to do something else with better discipline to be silly.

However, the bank account can’t fulfill other benefits, like state tax savings on interest

How much interest are you making? For every 1000 you have in SPAXX, let’s say you make 5% interest on it, so $50. You can take 30% of that income off of your state taxes, so $15. Let’s say your state taxes are 5% because I’m not sure where you live, so that’s 75 cents per 1000 that you’ve saved (did I do that correctly?). Returns being 5% is highly abnormal, so this is best case scenario at the moment.

the ability to invest part of my savings into t-bills or funds(I can get a CD though).

Unless you can sell these fully liquid I don’t see the point. You might as well put it into these types of accounts normally if that’s where you want money to be. If your money is truly tied up in t-bill ladders then it seems less liquid than selling stocks.

the debit card is way better than any bank account I’ve had

Good banks have good debit cards.

What happens if SoFi no longer has the best rates?

I’m not married to SoFi, but if it was severe I would move. I already have accounts at most of the big ones so it’s not a big deal to me. Money market accounts are not guaranteed to be the highest rates either, and when I switched a few years ago HYSAs were leading money market returns. When that becomes the case will you move? Personally I don’t keep enough cash to sweat $0-10 per year.

when will they add needing debit card transactions as well? That kind of thing is pretty common with banks since they may not need to be as aggressive in getting deposits at some point if the loan market cools

This doesn’t happen at normal banks. This is common with very specific banks that offer really high returns compared to normal HYSAs. I don’t think these sorts of banks are ever worth it unless you’re holding onto a ton of cash, which I also don’t think is good.

Regardless, that’s not really what this is about. I’m discussing bank vs brokerage account, not investing vs not investing cash reserves…

It’s relevant because your entire emergency fund strategy changes when you keep most of it in a real brokerage account instead of with money market. You are talking about how to optimize your big pool of cash, but I’m saying that you should focus less on chasing 0.3% returns on your cash and more on keeping less cash around in the first place. I keep about $3-4k cash around liquid as money that I could use today if I needed to. If I need more money for an emergency, I can still cash it out of my brokerage account very quickly without needing to keep the full 6 months worth of expenses tied up in cash. Note that I have a ton of money in raw brokerage because I make too much money to put it all into tax advantaged spaces. If you don’t make enough money to outpace your tax-advantaged spaces it’s possible that you don’t have any money available to play with in raw brokerage to start with.

it all comes down to when you’re likely to need that cash and how much the market has tanked. By the time you have enough assets that the difference doesn’t matter, you also have enough assets where the extra you’d potentially get by investing it doesn’t matter.

I’m not sure what you mean by the second part but as for thinking that having your emergency fund in a brokerage account isn’t worth it: if you have very bad luck you might lose money in the short term, e.g. putting money into stocks, market crashes, then you have an emergency. Even in this case, unless you continue to have an emergency frequently and with every downturn, you will still come out ahead of cash if you continue with the strategy after your first emergency. On the flip side, in the average case if you have an emergency without the market being down or best case don’t have an emergency for the first few years, you’ll have outpaced any returns that cash will give you for quite a while, and this will continue to grow indefinitely. Stick it in bonds if you’re risk-averse, but keeping it in cash is wasting money. Cash returns are very high right now and it’s easy to feel comfortable with your 5% money market, but the calculus will change when returns go sub-1% again.

yote_zip, 6 months ago

Break the beef into smaller pieces first so the germs can’t find it.

yote_zip, 6 months ago

As with most things, it depends. I could listen to an audiobook while working out but not while programming. I could listen to instrumental music while reading a book, but I couldn’t focus with a vocal track included. Some podcasts might require you to listen to every word while others may only require you to feel the overall topic.

yote_zip, 6 months ago

I’ve been noticing this for a while now. I chalked it up to YouTube having ugly code, but now I see that it is simply malicious code.

yote_zip, 6 months ago

I’ve seen a trend where people move the goalposts on the reasons they’re not able to switch. “If only this program worked I could switch”, but when that program is ported it’ll be a new excuse next. Sooner or later you’ll have to draw a line and say “99% of my stuff works, the 1% that doesn’t can get bent”.

yote_zip, 6 months ago

I didn’t mean my post to be read as trying to convince someone to use Linux, but as someone trying to convince themselves to use Linux. It’s fairly common that people want to switch but have convinced themselves that unless they have their exact same workflow from Windows they won’t be able to.

yote_zip, 6 months ago

All I need to know this election is whether you are pro-Roko or anti-Roko.

yote_zip, 6 months ago

The anti-furry dogwhistle is overwhelmingly used for anti-LGBTQ+ sentiments. The furry community is almost fully LGBTQ+ (80%+), and the idea that the LGBTQ+ community would be at odds with them shows that you are really misunderstanding the point of the rainbow flag. As the OP meme notes, furries have part of the LGBTQ+ community for a very long time and if you think this is some new phenomenon I really wonder what you’re doing trying to speak for us.

yote_zip, 6 months ago

You’re close but coming in from an odd angle. The furry fandom is foremost extremely accepting, especially of people considered minorities or “weird” by normal society (LGBTQ+/autism/anything “cringe”). Putting on a fursuit or a furry avatar online and being able to pseudo-anonymously show the true parts of yourself is very liberating to those that don’t feel safe being themselves IRL. As an example, I’ve seen many trans people first switch the gender of their fursona to see how it feels to present as their preferred gender, and how it feels to be acknowledged by others as the person they are inside. I won’t say having a fursona is a mandatory part of being in the furry fandom (there are basically no rules on being included), but for many people that have one a fursona is often an idealized version of themselves and who they wish they could be IRL. So yes the furry fandom is often pivotal in a person’s “stages of acceptance”, but it has nothing to do with any kind of internalized “masking” and everything to do with the fandom’s external supportive community helping them become more comfortable with who they’ve always been.

yote_zip, 6 months ago

LGBTQ+ acceptance isn’t about throwing specific people under the bus in order to win the favor of bigots. That’s what the right-wing gays are doing when they speak out against trans people, as if being gay is fine but being trans is a bridge too far. As for kinkshaming just read up on anything regarding keeping kink out of pride. I don’t share everyone else’s kinks either but I fully support their right to have them.

yote_zip, 6 months ago (edited 6 months ago)

In an accepting world I think the furry fandom would still be quite large. The accepting community is why a lot of people stick around, but there are many other reasons for it to exist which aren’t influenced by being persecuted. Some people feel like they’re inherently furry from birth, like a gay person would, and some pick it up during their life as something they want to be associated with aesthetically or otherwise. You’ve also got therians and various other subcultures that are heavily based around the furry/animalistic themes themselves without considering any sort of societal values.

I also personally think pseudo-anonymity is healthy even when all of society is accepting, and I suspect there’s a large draw in being to socialize and try out different versions of yourself while keeping the option to burn your account and start again if you make mistakes. Now more than ever in our surveillance state, it’s nice to leave your identity behind and say things without worrying about it coming back to you IRL. I personally find furry/animal avatars to be a fun way of achieving this without needing to pick something boring and impersonal.

As for gender disparity I don’t think this is any inherent aspect of the furry fandom but just how predominantly-online cultures are weighted in general. I’d expect this to change given enough time. You can see recent gender studies here, and I highly recommend checking out some of the other pages from their findings if you’re interested in some of the bizarre trends that furries have compared to the average person. I wouldn’t be surprised to find out that being furry is heavily biased by specific genetic circumstances, and that the explosion of furry culture is a figurative opening of Pandora’s box.

Edit: Also I found this page and the graphs+text have a lot of overlap with this topic.

yote_zip, 6 months ago

Are you not getting your payments from Big Furry in exchange for taking over the innocent youth? Make sure your deposit info is up to date!

yote_zip, 6 months ago

Blaidd is a good boy.

yote_zip, 6 months ago

Amicus from Adastra. Calling him a himbo is an understatement.

yote_zip, 6 months ago

I’m not from Yiffit but I think this would make a lot of sense on the NSFW communities especially, since there’s not really going to be many comments anyway and if you’re clicking into NSFW furry posts you’re probably looking for more.

On a semi-related note, pawb.social just got set up with this thing and it’s neat: boost.lemy.lol

yote_zip, 6 months ago

I recently tried out Voyager and Eternity and ended up going with Eternity. Eternity is a just a little bit smoother to me and it had more customization. They’re both similar so if you end up trying out one of them I’d try the other at the same time to see which one clicks for you.

yote_zip, 6 months ago

That coyote can get it! Blotch was way ahead of their time, and even now there are only a handful of artists that come close. I think traditional art media looks so nice.