Good idea?

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Well, I am not sure what to make of it, but the early indications are positive. I decided at the end of December to try something new and dabble in a little something I don’t know much about. I decided to “invest” in digital currency, or cryptocurrency, or virtual currency.

It’s not a large investment because I wanted to see how it works and just kind of dip my toes into it. Because of the high volatility of cryptocurrency, I am a bit leery of the stuff but at the same time kind of intrigued by it. As such, the time and money and opportunity all seemed to come together.

I have money that goes into a PayPal account that just kind of sits there. The long and short of it is that the money is basically “free money” that I get each month from resources that I published online while I was a teacher. I get sales from that each month and the amount varies widely based on the number of items purchased. So, there is a lump of “cash” sitting in the account mostly doing nothing. I could transfer it my regular bank account, but why? I look at it as a blind account for a rainy day.

Anyway, at the end of December I saw that PayPal was going to offer the ability to purchase digital currency. So, I decided to take a small-ish amount of that lump and see what happens. There isn’t a need to have access to that money, really, so it is mostly a long term investment.

I bought some Bitcoin and Ethereum, two of the most popular forms of digital currency. Why these two? Well, from what I can gather they are also the most stable – as far as that goes.

Anyway, I put $90 into Bitcoin and $20 into Ethereum. At that point, I was a very small, fractional, owner of the currency. Exciting right? Not really. When you look at the amount per share it is less than thrilling. One share is worth $55.4k at the moment. So, I own all of 0.00339408 for my $90 investment. Cool, right?

Well, that is the interesting part. For my original investment of $110, I now have a chunk of “cash” that sits at just under $242 (at time of publishing). I have more than doubled that little toe dip in just under two months. Is that a good return? I would say so, but at the same time it could go right back down to where I started in a heartbeat so I am not getting real excited.

BUT, I can certainly see why there are lots of people so enticed by this idea. Buy in, watch it go up, sell at a higher price. If you’re talking in BIG dollar amounts, this would make total sense. In fact, Elon Musk (he’s kinda bright, right?) just sunk $1.5 billion into Bitcoin from his Tesla company at the beginning of the month. He was looking to create more capital by leveraging Bitcoin. Seems it worked since the price has shot up since he invested.

I am not making or giving any financial advice, by any means. However, I am curious if there are any others out there that have ventured into these relatively unknown waters and what their experience has been.

Hit me up in the comments and let me know what you think. Good idea? Bad idea? Had good or bad success yourself?

You must think…

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You must think I am an idiot.

No, seriously, you must think so because you (and that is a collective “you” because there are a lot of you) seem to think I am going to be interested in your stupid money making scheme, scam, hustle, whatever. I don’t care if you’re the heir to a throne and need to dump money to hide in the US. I don’t care if you’re stranded in a foreign land and can’t get home but will double my “gift” when you return home. I don’t care if you have money to give me from some lottery I never entered as long as I pay a fee to get the money. I don’t care if your relatives are sick. I don’t care if you can’t feed your family. I don’t care if your crops or livestock died. I don’t care.

Stop following the blog.

I am not interested and I never will be – no matter how many times you change the name of the blog.

It doesn’t do any good to follow me because I won’t be following you back, not matter how good the “deal” or offer sounds.

So, if you must think I would be interested in your thing, think again.

I’m not.

Boosting BS

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There is a commercial out there on TV and probably on your streaming service that has me questioning the whole validity (not that I didn’t already) of credit scores, and the credit services in general.

Have you seen it? The commercial from Experian that says if you go to their site you can get a “credit boost” and raise your credit score simply by following the instructions once you have logged in. *disclaimer: I have not logged in to do this because I don’t need to, so I don’t know the exact steps.*

It’s all a marketing ploy.

As a reminder, this is one of the “big three” credit monitoring services, a for-profit company, so they are one of the companies that reports to other companies about your financial status and health.

Now, they will give you a “boost” for nothing.

Seems weird to me and causes me to ask a several questions: What good are credit scores really if a company can just “boost” it? Are they artificially inflating the numbers to make you (and of course, them) to look better in the consumer’s eye? If they aren’t artificially inflating the numbers, then are they artificially suppressing the numbers in order to give you the “boost” you supposedly deserve?

We are told that your credit score will go up over time if you manage your money well, pay your stuff on time, keep your credit usage level low in regards to your income, and not have companies always inquiring about your credit. This can only be done over time. So, if they can boost your score then time really doesn’t have to be a factor in calculating that credit score.

If they are artificially inflating the number then your credit score really means nothing in regards to accuracy since it doesn’t really reflect your true score.

If they are suppressing your true score so they can gift you a “boost” then your credit score really means nothing in regards to accuracy since it doesn’t really reflect your true score.

Since your credit score has always been based on time and actual financial transactions, either of the two actions above would mean the company is being dishonest about your credit score. Doesn’t it? I can’t think of any other conclusion.

So, either Experian is full of sh*it or your credit score is actually meaningless.

What do you think? Can you think of another conclusion based on this so called “boost”?

Perfect storm

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I could use a perfect storm. Not just any perfect storm though. I want a specific perfect storm of relief, not one that full of problems either.

I want a perfect storm that:

  • Gives me unlimited free time (I don’t want a job).
  • Gives me an unlimited amount of money (ok, doesn’t have to be unlimited, but a VERY VERY large amount).
  • Gives me freedom from all current responsibilities…read that however you’d like…

That’s it.

I am easy to please (ok, not really but those things would go a long way to pleasing me).

You might be thinking, “Oh, but money creates problems too, so it won’t solve all your problems.” If you’re thinking that, you can just take your negativity some place else. I am the only one around here that can have this kind of attitude.

Besides, I have never had that kind of money, time, and freedom. I would like to see if I can handle those “problems” that arise from this perfect storm of relief. I think I can do it.

I know I can!

Who wants to perfect storm with me?

Thieving

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Corporate thieving of the little guy. Unfortunately, there isn’t much you can do in the world of “allowed monopolies.” The cable company has you over a barrel and if you don’t fight them tooth and nail, you’re gonna take in the tail.

Friday night saw an email come to the inbox that indicated I hadn’t paid my cable (internet) bill. I knew that wasn’t the case, but immediately went and reviewed the checkbook (yes, I keep a hard copy) and then the online transaction roster for my bank. Sure enough, payment was made in the middle of the month. Mind you, I have paid the same way via the bank with an electronic payment for years. Never any trouble. So why now?

Saturday morning I called Comcast/xFinity and asked what the heck was going on since I had confirmation from the bank that the payment was made. I didn’t have all the real specific details because I honestly didn’t think I would need it. Turns out, I did and will need to talk to them again.

They proceeded to tell me that a payment was never received and I know owe them for two months (past and upcoming).

Uh, I don’t think so! The payment has clearly been deducted from my bank, so you can eat my shorts.

I called the bank and got REAL specific details and will need to call the thieving corporation back.

Hopefully I have better luck this time…I can’t wait to wait on hold for hours on end…

Have you had this happen before? Have you had this happen with Comcasst/xFinity, specifically? What did you do or how did you get it resolved?

Peter pays Paul

palm trees

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Again, California and it’s Democrat leadership is getting it wrong. Again, and again, and again…

Apparently the Democrats there, well, anywhere really, think that money grows on magical trees.

They want Peter to pay Paul, by borrowing against the future and against an economy that won’t be able to support said future.

Essentially, Democrats are trying to buy votes for the upcoming elections, instead of being fiscally responsible. Whether the federal government is going to continue the increased unemployment giveaway, California is looking for ways to do it.

Do it? Yes, at the expense of the future by borrowing and borrowing and borrowing and then taxing and taxing and taxing. All under the guise that this giveaway will stimulate job growth. Not sure if they understand how job growth works, but you don’t tax businesses to death and then assume people will hire more people. It just doesn’t work that way. Businesses cut people off the payroll when they get taxed into oblivion.

Oh, and let’s not forget the “safety net” they are thinking they will provide will also be given to illegal immigrants who have lost their jobs. So, spending money on people who shouldn’t be here in the first place at the expense of people who should be here. That makes total logical sense (sarcasm)…and continues to perpetuate the encouragement of illegal immigration.

Insane. Idiotic. Stupid. Moronic.

So many words to describe California, all applicable.

 

Refi update

house money capitalism fortune

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Big banks suck!

I already knew this, you already know this, but didn’t have a say in the matter upon initial purchase of the house. We have been through three refi’s with Chase Bank over the last 7 years and none of them were this bad. There was, of course, some jumping through hoops but nothing too out of the ordinary.┬áIn the past they have been relatively painless to work with, until now.

My last update on the refi I spoke of the communication issues and bumbling of the person I was working with. It continued. It didn’t get better and the more I complained about it the less communicative they got.

Anyway, I submitted all the docs the required from the start. Things are moving along. They get communication issues and then want to have me submit more docs that were never asked for the previous three times we refi’d. Um, what? Oh, and then the also wanted signed statements about things from the past they never asked about previously too. Um, no. Not gonna do it since they were not relevant then and they aren’t relevant now.

When they said the refi couldn’t go forward until the documents were submitted I protested. Nothing has changed in the last two years (that was the last refi) and really all they needed to do was get some updated financial statements. Nothing else they wanted pertained to the situation. But, they said they needed these because of “law changes.”

Um, what law changes? Neither person I spoke to could say specifically. They just kept repeating it – because that’s how society works these days…if you repeat it enough, it become “true.”

**Note, I had begun the process with a different bank at this point and they haven’t asked the questions Chase Bank was asking, so “law changes” my ass…**

So, I told them to cancel the application since it wasn’t going to move forward. That’s when their disclosure about the “good faith” deposit stole my $500. Because I didn’t submit documents they were requesting and because I cancelled the application, not because they declined me, they had the right to keep my money.

Essentially, that means the bank could literally ask you for anything and if you don’t comply they keep your money. I see how it is, Chase. You got me. My bad.

So, in essence, the bank contacted me about a refi to lower my rates. I jumped through the immediate hoops thinking it would be simple since I am already a current customer, and then they jacked the process to make it unreasonably difficult.

Looks like the bank robbers ride again!

I would advise not doing business with Chase Bank. Ever.

 

Refi

administration agreement banking blur

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I’ll tell you what, in a world where everything seemingly has to be done online right now, banks aren’t really trying to make the Refi process any easier.

When a bank contacts you about the possibility of lowering the interest rate on your mortgage it should be a breeze. They have all the info they need based on the current loan and short of a few updated documents for verification, it should be a seamless and painless process.

Nope.

At least not with Chase. Maybe others have been better.

Their website doesn’t work like it should. They are communicating, or at least trying to communicate with me, through two different portals instead of one. I can only upload documents in one of those portals, but have another portal to “e-sign” stuff in. Makes no sense.

Then the mortgage advisor assigned to me doesn’t communicate with me until nearly the end of each day so it takes another 24 hours to get anything done. This all could have been done last week, but they can’t print (or download) the documents already signed on their website, and they keep asking for things we have already done.

Irritating I tell ya! I stayed with them because it should be relatively easy if you’re already their customer. Nope. Not so much.

Frustration.

Slaves

hotrod die cast model on board

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We’re all slaves.

Slaves to something. Whether it be an addiction or ideology or habit or whatever, there is something that controls us to some degree. It is inevitable.

Guaranteed you’re a slave to money. So am I.

We all need it to one degree or another. Some of us need it less and some of us need it more but, any way you look at it, we all still need it. We don’t live in a hunter-gatherer society any longer so we obviously live beyond just a subsistence level (those were simpler days, weren’t they?).

So, I was thinking about the fact that we are all slaves today.

Through this whole pandemic thing, I have had to keep asking myself about whom I am willing to be a slave to. I need money, that isn’t an option. Because of that, I have really been questioning which is more important, my job or the government? Essentially, I am asking which am I willing to be a slave to.

Would I rather be a slave to big business or to big government?

Some might argue that they are pretty similar, really, but let’s not get into the weeds of the debate here. Would I rather be at the mercy of big business where, for the most part, there is innovation and some freedom to decide where I want to work OR would I rather be at the mercy of an all powerful government where I have to rely on them for most everything and not question them and there is little to no innovation or freedom of choice?

Business or government? Freedom or oppression?

Now, I am a historian and I know the history. I know big business can be a lot like a government in my ways.

There is always going to be abuse, but at least with business there is always the chance for the little guy to break away and try to make it on his own. Start something new if he doesn’t like the big business or has an idea that could possibly innovate an industry.

But with a government, in most cases, I can’t just pick up and move to a different government if I don’t like it (like I can with a job). Know what I mean? In most cases I am going to be subject to the current government and there isn’t a way for me to break away and say, “Hey, I have a better idea, let’s do it this way!” Thus going about establishing a new government I see fit for me and those who agree with me.

That option doesn’t exist under a government like it does with a business.

Anyway, all this to say, have we let the government(s) go too far with this whole lockdown thing? Which response, meaning what level of government, was appropriate – federal, state, county, city? Whom has abused their powers? The powers WE gave them and that WE may possibly need to fight back to get again?

I feel like I am rambling now. I was hoping to keep this as a short, salient point, but I fear the more I explain it the more confusing it gets.

So, who or what are you willing to be a slave to?

Got away

man s hand in shallow focus and grayscale photography

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I’m late.

Sorry.

The day got away from me. I started working on a project for work and just lost track of time. I supposed that means I won’t Piss and Moan about anything…

Or maybe I will!

Life sucking, or money sucking, family members.

There. How do you feel about that?

There are members of families all over the world that seem to be the parasite, a leech, a blight upon the family. The neediness doesn’t stop and when some people in the family try to stop it, others of the family continue to enable it.

It might be the individual’s fault, or maybe just bad luck (or no luck at all), or maybe they are just the victim of circumstances, doesn’t really matter because they still seem to need something all the time. Want. Need. Whatever. Hand’s always out, looking for something.

“Help.” “Can you lend a hand?” “I was wondering…?” The approach may be different and sometimes it’s even a little veiled to make it look like they aren’t asking for help, but in reality they are. It’s always the same, but different.

Tiring. That’s what it is.