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Posted on 3/29/18 at 10:05 am to sicboy
quote:
ETA I'll go to his house and on his computer is nothing but websites and youtube videos preaching about how messed up the left is. He's saturated in it.
That's very unhealthy.
I shake my head when I see people around here people say liberals have a mental disorder and they wouldn't be upset if all those people were "suddenly gone."
All while hating another group of people who wish all the infidels were "suddenly gone" too...
inb4 so you think conservatives are the same as radical muslims
Posted on 3/29/18 at 10:09 am to Iosh
I can't believe I bought that stock at $8 a share in its early days before streaming. FML (because I sold at $16 thinking I was a genius).
Eta: I checked the price history for the approximate dates in which I bought and sold. I guess it's adjusted for splits because my purchase price would've actually been closer to $3.50 (of course)
Eta: I checked the price history for the approximate dates in which I bought and sold. I guess it's adjusted for splits because my purchase price would've actually been closer to $3.50 (of course)
This post was edited on 3/29/18 at 10:13 am
Posted on 3/29/18 at 10:10 am to Walkthedawg
Good, frick them
Posted on 3/29/18 at 10:11 am to Powerman
quote:
But I'm sure that number isn't nearly what they make from interest and late fees
If you make a $10,000 purchase on CC, the card issuer is making 2-4% of that or roughly $200-400. The monthly interest charge if that $10,000 balance isn't paid is only around $100. Now lets do that math...
The customer who continually uses their card, then pays off the balance, then uses the card more, and repeats that cycle is FAR more valuable to the card company than the person who carries a balance and pays interest.
Customer 1: Makes $10,000 in CC purchases per month and pays off the balance in full. CC company makes roughly $300 every month off this account from merchant fees
Customer 2: Carries a $10,000 balance and can't continue to use the card for new purchases because they're at their credit limit. CC company makes $100 or so a month in interest charges at a 15% APR.
Which customer would the CC company rather have?
ETA: I used $10k as an example to have a nice round number for doing the math. Obviously average consumer isn't charging $10k a month or has a $10k limit on every card.
This post was edited on 3/29/18 at 10:14 am
Posted on 3/29/18 at 10:12 am to Powerman
quote:
But I'm sure that number isn't nearly what they make from interest and late fees
The amount of money that they make from that 3% charge is staggering.
Visa/MC also handle debit card transactions at 3% a pop. About 80% of say, restaurant receipts are card vs. cash. That is why that popular restaurant at the beach, that does $5000/day in sales avg x 180 days in the summer, is cash only and has an ATM machine in the corner.
I knew a lady that managed a busy 24-hr truck stop on I-10. Her visa bill was $25,000 a month.
This post was edited on 3/29/18 at 10:32 am
Posted on 3/29/18 at 10:21 am to keks tadpole
It's all priced in by the merchants, we end up paying it in the end 
Posted on 3/29/18 at 10:24 am to Walkthedawg
Just cancelled my subscription!
Posted on 3/29/18 at 10:25 am to sicboy
That is hilarious!
Posted on 3/29/18 at 10:33 am to Powerman
quote:
It got me thinking. If they have a credit card account with Citi and they closed it out immediately it means they aren't carrying a balance. If they aren't carrying a balance they're more of a nuisance to Citi than a profitable client. So they're essentially doing a favor to the company they disagree with.
Idiot.
Posted on 3/29/18 at 10:36 am to Yak
quote:
Have fun today at that small business crushing, loophole using store called Wal-Mart
I hate WM as much as the next guy. But why do I want to pay $12 for a hammer when WM has it for $4? I'm either making WM rich, or I'm helping the "mom and pop" owner enjoy the country club life while sending his kids to Europe every summer. I'll choose the route that best helps me.
Posted on 3/29/18 at 10:42 am to imjustafatkid
quote:
I have control over where my 401k funds are invested. I make sure to invest very little, or none, into companies I disagree with. There might be 5% in one of those companies and I only say that because I haven't checked it since tax season started.
This is such an ignorant way to invest.
First of all, your money doesn't go to the company, it goes to the shareholders selling the stock.
Second, if you want to force a company to change, you do so through voting power.
If conservatives wanted to control Netflix, you should buy their stock and vote accordingly. Avoiding them altogether doesn't do much.
Posted on 3/29/18 at 10:43 am to Iosh
quote:
The best example of this genre is still when a bunch of posters crowed about closing their PayPal accounts and switching to Venmo (a wholly owned subsidiary of PayPal)
I actually did close my PayPal account, though I didn't use it much, nor did I open a Venmo one. Of course, this Netflix talk is dumb. Rice just recently joined the board, and the stock has been falling for a while. Also, not sure why people would cheer this on if they hold Netflix in any investment account.
Posted on 3/29/18 at 10:49 am to Walkthedawg
quote:Mirrors ARKW nearly exactly, fwiw.
NETFLIX stock in free fall ... was trading at $320/share, it's down to $276 and falling MAGA
Posted on 3/29/18 at 10:52 am to Walkthedawg
Only people with your exact ideology are allowed to work.
And you’re happy that your 401k and/or IRA has likely lost value at some level.
The level of stupidity amazes me sometimes.
And you’re happy that your 401k and/or IRA has likely lost value at some level.
The level of stupidity amazes me sometimes.
Posted on 3/29/18 at 11:00 am to Tiger Prawn
quote:
Customer 1: Makes $10,000 in CC purchases per month and pays off the balance in full. CC company makes roughly $300 every month off this account from merchant fees
Customer 2: Carries a $10,000 balance and can't continue to use the card for new purchases because they're at their credit limit. CC company makes $100 or so a month in interest charges at a 15% APR.
Which customer would the CC company rather have?
I see what you're saying
I just don't use my cards often so I guess I'm not familiar with how most people use them
Posted on 3/29/18 at 11:01 am to Skeezer
NFLX just turned green for the day
Posted on 3/29/18 at 11:03 am to CorporateTiger
quote:
See for example, Target.
LoL
Way, way wrong example
Posted on 3/29/18 at 11:24 am to Mootsman
quote:
Idiot.
Posted on 3/29/18 at 11:38 am to slackster
quote:
This is such an ignorant way to invest.
That's what people keep telling me. Then they keep asking me how my 401k is doing so much better than their's...
quote:
First of all, your money doesn't go to the company, it goes to the shareholders selling the stock.
Uh-huh. Did you think this was a major revelation or something?
quote:
Second, if you want to force a company to change, you do so through voting power.
If conservatives wanted to control Netflix, you should buy their stock and vote accordingly. Avoiding them altogether doesn't do much.
Avoiding them altogether is consistent with my views. You're welcome to your's.
This post was edited on 3/29/18 at 11:39 am
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