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Posts by Andrew Parker41

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The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Jerry Martinez5 said:Danco, what's the status? Did you land a new buyer yet? You have to start paying back that loan on September 1st, so how are you planning to handle that?

Bumping this thread. In my opinion, this is the best discussion we have on the US recession and all the shifts we've dealt with since 2008.

My acquaintance "bought" an apartment from Antunović because it was significantly cheaper than any other new construction. It's just a story about how naive people can be; I have a colleague who fell for the same thing. Even today, you still see listings for apartments that are 20-30 percent cheaper than everything else. Any sane person knows that's a scam.

Even though this is the definitive thread on the American recession, it hasn't really been getting much fresh life lately.

I basically followed in Danco's footsteps. I took out a mortgage forbearance. Well, that expired, and since I haven't found a better or more stable job, my boss is basically threatening to fire me. This whole forbearance situation ended up costing me $67 more than my old monthly payment would have, plus the extension on the loan term. A new forbearance would just be shorter. And more expensive.

I don't know. Selling a house would be incredibly difficult. It's not that simple when you have a family to think about. At least Danco doesn't live with his family...

I don't know... the situation feels pretty hopeless, I guess. 😕

🤷
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Lawrence Wright7 said:Well, after an absolute marathon of back-and-forth fighting against myself...
I finally had to make a call on:

http://www.zillow.com/homedetails/real-estate-listing-example-1432547


Good luck, man..... if only I could make a move like that. My situation is pretty complicated......🙂......... 🙂

Best,
EU, June 25–27, "Miami street Circuit in Formula 1 ·
stormybadger8 said:You guys have no idea—it's going to be the most intense and best race of the season. 🤣

Total madness on the track; bulls and matadors will be dropping from the sky and running between the cars. 🤣

I wonder if we'll finally see at least one little winged bull show up... maybe?🤣
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Kimberly Nguyen said:But hey, they’ll still make a little something, and they certainly won't lose anything... unlike investment funds, where you can absolutely get burned...

money market funds should be used for larger amounts over longer periods... to me, it feels like a form of savings.

...
Money markets are really meant for the short term. If you're looking at longer horizons, you either move into investment vehicles—assuming you have the stomach for the risk—or you just stick to traditional bank savings, because honestly, the interest rates on long-term CDs usually beat out whatever yield you're pulling from a money market fund anyway.

shadowpilot8 said:Take a look at this site 🙂
http://www.hrportfolio.com/hr/fondov...ccajnica%7C%7C

Review the CAGR section. It represents the average annual return—applicable to money market funds specifically or across the board. As shown, a money market fund yields a predictable 3-6% annually over the long term. If that meets your requirements, then fine. 🙂

I'm not really feeling this. Look at this:

I can't quite make heads or tails of this specific link—it looks like some deep-dive fund performance data or a technical breakdown from an investment site. It’s probably just more fine print about mutual funds or Eurozone-focused assets. If you're trying to track how certain portfolios are moving against the market, I guess there's a point to it, but without a clear summary, it's mostly just noise to me. Maybe it's worth a look if you're a math nerd, but I'll pass.

So this fund hasn't seen a single cent of profit in two or three months? Seriously? I mean, where exactly is the money supposed to be coming from?😕

Whatever... ☕
Pros and Cons of Sebastian Vettel in Formula 1 ·
Joshua Newman2 said:And what about Webber?
Lying about age happens in sports all the time: college athletes fudge their stats to get scholarships, or those Chinese gymnasts at the Olympics lied about being older just to qualify. But there's a massive difference between stretching the truth by a year or two and claiming this guy is seven years older, like silvercobra68 is suggesting about Webber.

Hold on a second... what exactly are you basing this belief in silvercobra68's wild guesses about this veteran Australian's age? ☕

I've been following Mark Webber since his days at McLaren back in 2002, and I haven't seen any data regarding his "birth certificate" other than the official word that he took his first breath of fresh Australian air in September 1976.?!

Everyone knew the deal with Gilles Villeneuve, and Perry McCarthy was a famous "case," but calling it some kind of "conspiracy theory" that a guy from Australia is as old as Babylon? 🤷...I mean, where is the actual evidence or data for these claims? 😕

☕
Pros and Cons of Sebastian Vettel in Formula 1 ·
silvercobra68 said:I guess everyone else has a clean slate, right? They’re exactly as old as their passports say they are. The only weird case is Emerson Fittipaldi—it's kind of murky there. Apparently, some nurse at the hospital botched his birth year, so according to official records, he looks two years younger than he actually is. But hey, those are the legal documents, and NASCAR can't exactly do anything about them. Those records are held by the registrar in New York City, and I suppose they aren't exactly rushing to fix a clerical error from decades ago. It’s not like it’s a huge deal. Webber’s paperwork, though... that's a whole different story. His official birth year in the registry is 1969, but according to NASCAR—and even his own passport!—it says 1974. And now, suddenly, it's changed again to 1976. Makes you wonder.

What have you been drinking to get that view of Ozzie? Seriously, the guy just looks older... nobody would actually guess he was born in '69. Just look at how Michael Schumacher turned out (01.03.1969)! I mean, Mark is definitely the "handsome" one here. 😁😁 He looks totally Superman compared to that fake-looking German guy. 😁 I guess Mark Webber just has a girlfriend who looks way older than him... maybe?
.......☕
Pros and Cons of Sebastian Vettel in Formula 1 ·
Joshua Newman2 said:You have to give Joe some credit; he's trying. 😁

The analysis itself is actually pretty solid, too. 🙏


It's just his spelling and grammar that kill me. It’s like reading something written by some kid in middle school.

Mark Webber was born:

http://www.formula1.com/teams_and_drivers/drivers/21/

Nothing controversial there.

Sebastian Vettel is a bit soft. I mean, maybe he's aggressive enough to remind you of an older Michael Schumacher, but he's definitely not going to be his successor. Hmm...
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Kimberly Nguyen said:But hey, they’ll still make a little something, and they certainly won't lose anything... unlike investment funds, where you can absolutely get burned...

money market funds should be used for larger amounts over longer periods... to me, it feels like a form of savings.

...
Money markets are really meant for the short term. If you're looking at longer horizons, you either move into investment vehicles—assuming you have the stomach for the risk—or you just stick to traditional bank savings, because honestly, the interest rates on long-term CDs usually beat out whatever yield you're pulling from a money market fund anyway.

Sure, the returns on money market funds are predictable, but what about actual gains over the long haul??!! 😕That’s exactly what they told me over at Chase. But whatever, I guess it doesn't matter. ☕
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Kimberly Nguyen said:Look, I know this is technically off-topic, but... both Trend and Global come with a level of risk that Plus just doesn't have. Just take a look at the charts from the 2007 and 2008 crash... honestly, looking back at the last few days, things haven't been looking great for them either. Those funds are built for the long haul; you need nerves of steel for them, especially considering the volatility we've seen over the last few years...
Plus is calm, steady, and highly liquid. There aren't any entry or exit fees to eat up your capital, and it's designed for the short term. Sure, you won't see spectacular, headline-grabbing returns...

OT... yeah, all that applies to the basic fund and EuroPlus too... as well as Global and Trend, but I guess our friend danco26 is probably going to make pretty slim margins during this 6-month moratorium period... money market funds should probably be sitting at higher amounts for longer periods... to me, it feels like a sort of savings account...
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Lawrence Wright7 said:So, I’ve been on this two-month payment moratorium now. Every month, JPMorgan Chase just pulls $0.00 from my account, and honestly? It feels incredible. Just for a moment, it feels like I’ve finally lifted this massive weight off my chest. There’s something genuinely peaceful about living without the constant shadow of debt, credit lines, or being deep in the red...
I’m not delusional; I know the bill eventually comes due. I know exactly what’s coming. And that’s why I’m handling it the right way.
Every single extra cent I can scrape together, I’m tucking away—currently sitting in a Chase savings account—trying to build up as much of a cushion as possible...
Bills? Paid. Overdrafts? Gone. Debts? Settled.
It’s such a relief...
In the meantime, I’m starting to get inquiries for the apartment I rent out to vacationers starting July 1st. People are reaching out, though I haven't locked in a firm booking just yet 😢
I still have a great roommate staying with me 😉 so there's a little bit of extra cash flowing in there too... 👍
Child support is paid up and regular, as always...
I’m keeping things modest and being extremely frugal right now...
On top of all that, I actually got a notice from the bank saying they're dropping my interest rate starting May 1st 👍
Which means my new monthly payment is going to be $1277...
Before the moratorium kicked in, I was paying $1264...
And yeah, that's where I'm at...
I’m actually really liking how things are looking lately...

By the way, if anyone is looking for a cheap place to stay while vacationing in New York City
Shoot me a DM and I'll send you the link 😉

.....can I ask something? Not sure if I'll actually get an answer here... hm... how does it work, putting money into Chase? Isn't that a money market fund where you only see real returns if you're dropping massive amounts of cash??!!..... Your money might grow faster in something like Chase Trend or Chase Global.....
NASCAR magazine in Formula 1 ·
stormyviper11 said:There’s no final call yet—we're basically just scrambling to find some kind of fix—but I guess the odds aren't looking great... 😢

🙂................ what a total mess........ 👎

Honestly, regardless of whether people think this magazine is top-tier or complete garbage..... I've always been all for having something like this in the American media landscape.... I was happy as a clam when it first launched back in January 2006 ............. and now.......... this........🙂
NASCAR magazine in Formula 1 ·
stormyviper11 said:Look, you'll find out when I actually have something smart to say about where this magazine is headed... 🙂

Today is April 23rd, which feels like a lifetime away from that April 1st post of yours. For us die-hard NASCAR fans who are just dying for some non-electric news and stories about the sport in American English... nothing beats having a physical magazine in your hands. 😢
2010 Bahrain Grand Prix in Formula 1 ·
Jason Campbell70 said:Look, you can love him or you can hate him, but just deal with the fact that he really is the GOAT. 🙏

Yeah... maybe after Ayrton Senna.
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Lawrence Wright7 said:It’s no trouble at all..
During the 6-month moratorium (which is what they approved for me), I don't pay a single cent for those 6 months.
Basically $0.00. I can already see it on my Chase online banking portal; my next payment isn't due until 09/01/2010
That's the upside. It gives me 6 months of peace and quiet. A chance to get back on my feet.
The downside, though, is the cost of the moratorium itself👎
Specifically, they bump up the principal by 3.5%😠 so, in my case, the principal increased by roughly $6333 , which means the total interest (not the interest rate itself, mind you) goes up, and naturally, the monthly payment increases too.
You really have to account for the fact that once that moratorium ends, you'll be staring down a higher monthly bill
In my situation, it jumps to about $33.
That's pretty much your "only" cost—no need to deal with a notary or any of that legal nonsense.

Bottom line: I wouldn't recommend it unless you're backed into a corner and have absolutely no other choice.
Use those 6 months to hunt for better solutions... it's a good thing interest rates are dropping... well, slightly, but still.
I actually tried to ask for a full year's moratorium, but they shot me down.. apparently, the standard practice here is just 6 months, and they rarely grant anything longer than that... so yeah..

Great. Thanks so much! Honestly, I'll agree to anything if it just means my expenses stay lower than my income for a bit. But after that? Who knows. I might have to switch companies..... 😢 .... where I am now, there's nowhere to move up (well, at least not for me anymore). Ugh, and I'm not exactly the type to jump from job to job..... man, what a mess....

One more thing. Can't I just go talk to my personal banker first?! How am I supposed to get to the branch manager? Like, how do I even schedule a meeting?

So I have to start with the personal banker again.... I wasn't even thinking about talking to the tellers at the window, but I can't just walk straight up to the branch manager either??!!

Hmm..... I guess I'll have to bring my wife's pay stubs too.....

Because of those cuts, I've been looking at $1000, or maybe even less in our household budget... every month... and it's been like this for the last eight months. My checking account is basically just a series of red numbers....
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
Lawrence Wright7 said:Ugh, trust me, I know exactly what my rate is.
Right now, it's 7.2%
The contract was signed two years ago back when everything was still at 6.3%

I'm positive about this:
It’s listed right there on my Chase online portal:
Standard interest rate: 7.2%
Default interest rate: 14.0%
And that's the final word, period.

Hey,

I'm feeling kind of wiped out, so I can't really focus on reading this whole thread. Ugh.
Look, if you don't mind, could you clarify—during that six-month moratorium period, are you still paying interest on the loan, or are you skipping both the interest and the principal payments entirely?!

And what's the damage with the moratorium fees? Do you have to go see a notary or perform some sort of ritual to amend the contract or whatever?!
The bank is taking my entire paycheck... in Banking, Insurance & Loans ·
I’m really backing myself into a corner here... I don't think I'll be able to keep up with the mortgage payments because my paycheck took a hit... and my wife's did too...

Look, we're making the mortgage payments, but we've overextended ourselves way too much with overdrafts on our checking accounts... and honestly, we're almost underwater. We pay the mortgage... then we sink a little deeper into debt... just bit by bit... one debt after another... just to stay afloat... yeah...

Is there any way to defer loan payments, maybe for a year or so?

I know, I know—go talk to the bank and all that—but does anyone actually have experience with this?
...just ignoring my whole existence... all my flaws and everything else I bring to the table... if that happens, I guess I just feel completely worthless... "it's killing me," honestly...
Issues with socializing in Psychology ·
lonegardener said:I’m not so sure it’s ever that simple, even when you have plenty of "opportunities" at your fingertips. Take my situation, for instance—I have a massive network of professional contacts. In fact, I run in circles where I could easily steer things toward something more personal than just business if I actually wanted to. Between current colleagues, former coworkers, and various industry connections, the options are there. But even with all that, I still think finding a true friend is nothing more than a total lottery. 🤷 It often starts back in childhood or during those high school years... and more often than not, it just gets darker as you go, much like it did in my case.
Honestly, it would probably be for the best if you found a hobby or something to keep you busy outside of this forum...

Pure nonsense (this last part). People who judge their worth by their friend count usually have what I’d call "strictly professional" relationships. I know folks out there with 450 'friends' on Facebook. You really have to wonder—what kind of 'friends' are those, actually? 😁

Just to be clear—I’m not trying to gatekeep how anyone chooses to define a "friend." If you have a specific definition in mind that works for you, then sure, maybe it really is possible to claim 450 friends. 🤷

Apple makes a good point; people love to boast about their acquaintances. But regardless of what kind of friends anyone has, you really need to be a friend to yourself first. You know, being honest with yourself, finding internal motivation, trusting your own gut, and just... getting along with yourself. Once you've figured yourself out, it’s easier to realize what you actually expect from a friend. One real one is enough; someone you can actually turn to for advice whenever.
I had a great group of friends growing up—but that fell apart. Same thing in high school—it scattered (though one person stuck around, someone very similar to me; I used to be under the illusion we were identical, which is impossible). That guy? He’s a true friend to me. Later on, during college or at different jobs, I didn't really have experiences like that. In marriage, I'm trying to "crystallize" a relationship like that (marriage is its own thing—a complex partnership), I'm working on it. But that colleague, friend, buddy, whatever—he's very much like me; I need him and I love him. He feels the same way about me, and we tolerate each other, even though we both know we can be difficult characters. We are. He’s a great guy, and it's a shame I can't just have him on standby.

P.S. And yeah; I still struggle with socializing, but I don't stress about it like I used to. Chris Cooper5, you can find my post about that on page 3.
Issues with socializing in Psychology ·
Chris Cooper5 said:I have this issue where whenever I try to join a group of people who have known each other forever and they're already deep in some conversation I know nothing about, I just... I don't know how to jump in. It feels like I'm forcing myself on them, you know? I always end up feeling awkward or just plain stupid, and then they just keep talking amongst themselves like I wasn't even there. Also, I can't stand those people who just talk and talk without ever letting anyone else get a word in because they aren't actually interested in listening. But then again, it feels like nobody ever wants to listen to me either. I guess I don't really get why that is. Can anyone help? I usually just stay quiet, but when I finally do say something, I immediately regret it. 😢

Oh, and I should probably mention that I don't really have any friends. My doctor actually referred me to psychotherapy because my social life is basically non-existent, but I don't have the money to pay for it. 😢

It’s like... I feel like a ghost walking among people, like nobody actually sees me. Even if I do manage to hang out with someone, it never even gets to the point where we swap numbers. On top of that, I struggle because most people just aren't really my type of person to be friends with. It's not that I'm being picky or anything, I just... I can't find common ground. Maybe it's because I deal with depression and I expect too much from people, I guess. Once, back in summer school, I met my absolute best friend. We were together constantly for fifteen days, and I've never felt that kind of connection before or since. But then we went our separate ways, and since she lives in another state now, we've only seen each other once more. 😢

I've had pretty similar experiences.

In a way, you should push yourself to be social, but you shouldn't force it either... because forcing things doesn't really yield anything useful. It isn't a real solution.
As for how you're feeling now, it shouldn't last forever, and you shouldn't let it.
For you, the fix would be—firstly, having some self-esteem and confidence, or working on building that up—basically, doing the work on yourself. The goal is to socialize and live among people who actually share your interests, people who are like you, even if that starts with just one person (it helps if they're around your age, though that's not a strict rule). Because those people exist; there are people out there just like us.
See, in certain social circles, you just can't be yourself, but you also shouldn't try to be someone you're not by over-adjusting. In those kinds of groups, you just hold your own, even if you're the odd one out. Sometimes, in certain settings, whatever you say might be misinterpreted, or people might just not like you because of how you carry yourself, and so on.

I guess you're just more of a passive type who prefers listening rather than being the center of attention (so maybe don't try to be). You can definitely succeed socially just being who you are. You just need to find a crew that matches you, like that friend from summer camp. Think about why that worked so well for you and try to aim for that again.

A therapist can't do all the heavy lifting here; you have to handle this yourself. Gradually. Step by step. Good luck, 👍