This is the case with many retailers too, I bought a faulty appliance and returned it. However I didn’t receive merchant credit til almost 8 days later.
I accidentally loaned all my money to the US government
291–300 of 512 posts
Re: I accidentally loaned all my money to the US government
#292I feel like this is something that would happen to me. its funny and sucks at the same time.
Re: I accidentally loaned all my money to the US government
#293Earlier quoted context omitted.
People are desperate about the future. Gone are the times when having a good job, paying a reasonable mortgage for a reasonably paid house, saving a reasonable amount for retirement, while keeping a reasonable amount for emergencies (rare, before lay-offs become the knee jerk reaction of MBAs to fatten their bonuses). Due to the increasing financialization of the economy, more and more people feel like they need to b…
Isn’t buying a US backed bond the opposite of “speculation”?. The rate of return for a US bond has been called the “risk free rate of return” since I was in grad school over two decades ago.
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Re: I accidentally loaned all my money to the US government
#294> if you buy before May this year, you get a guaranteed ~8.5% return Of course I'd learn about this on May 1st
Inflation hasn't gone down. You might get more if you buy between now and November.
Re: I accidentally loaned all my money to the US government
#295Earlier quoted context omitted.
The email clearly says that the excess purchase will be refunded. He lost me here; I was mystified when he decided to purchase another $9975.
Oh, I think the email is ambiguous! I had a totally different interpretation, although I absolutely see yours now. I interpreted "refund of the excess purchase" to mean that it is a refund of the whole purchase. If it were a partial refund, they could have just written "refund of the excess". By adding "purchase", they made it sound to me like there are two categories of purchases (excess and non-excess) and that thi…
Me too! My interpretation was obvious to me at first, but after reading your comments and others I can easily see it the other way. I still think my interpretation is more natural, but there’s no question that they should have been less ambiguous. How easy it would have been to use a few more words for more clarity. Also, ideally, the actual amounts in question should have been spelled out in the email.
Re: I accidentally loaned all my money to the US government
#296Earlier quoted context omitted.
Especially, I suppose, third-party keyboards on Android. My bank's Android app uses an in-app PIN pad for this purpose.
That’s because of design flaws in how Android handles third party keyboards that iOS has mitigations against for third party keyboards 1. They don’t have network access by default. It’s not a simple confirmation screen to enable network access. You have to go into settings 2. Apps can explicitly disallow third party keyboards for password entry. 3. Keyboards run out of process from the app. And yes, iOS has extensibi…
Android keyboard always runs in its own process. No distinction between first-party and third-party either as they're both just regular apps like the launcher or browser. One simply is the default.
Re: I accidentally loaned all my money to the US government
#297Earlier quoted context omitted.
There is a strange human phenomenon, particularly visible online. Some folk see a title like that and it triggers a "How can I blame the author?" urge within before they even open the link.
This happens whenever something bad happens to someone else, be it a car accident or a major illness or being the victim of a crime. People want to think it wouldn’t happen to them, so they go through all the reasons they would have been able to avoid the situation so that they don’t have to fear it happening to them. People really don’t want to admit to themselves that there are a lot of things outside our control t…
> People want to think it wouldn’t happen to them
I’ve often wondered why some people can be so harsh towards those who’ve had something unfortunate happen to them. This makes a lot of sense.
Re: I accidentally loaned all my money to the US government
#298Earlier quoted context omitted.
You can take the money out of an ibond with a small penalty after a relatively short time. So it's not a huge risk if you have enough short-term credit, etc, for an emergency before the time comes when you can cash the iBond.
Seriously, what the hell. Acting like this guy is blowing his future on a roulette wheel by getting some savings bonds. Is anybody else just sick to death of the term "emergency fund"? If you go to /r/personalfinance, every other comment is reminding people to stock up their emergency fund. Towelie says, "Don't forget to bring a towel!" I'll tell you about my real "emergency fund": In an actual, living emergency, eve…
It doesn’t sound like you understand the purpose of an emergency fund or what it is. It’s for when a random virus takes down society and you lose your job, but you and your family still need to pay for rent and food for 6 months. That’s why you save x months worth of expenses in cash.
If you’re young and don’t have family/debt you can just use your ira as an emergency fund. If you have a family and kids you need cash available for unexpected events. Most people don’t have tech jobs where they make 5k every two weeks. A car accident with no emergency fund means many people can’t get to work, lose their job, etc. They need safe cash for emergencies.
Re: I accidentally loaned all my money to the US government
#299Is this window the author speaks about still open? I don't know anything about money/finance. Can someone ELI5 to me if I can still get the free money from this, this year?
You missed the window to lock in the older interest rate (7.12% APY) for six months, but it is widely expected that the May rate change will increase the rate even higher. You can still purchase I-Bonds, with the understanding that the May rate will be adjusted again in 6 months (it could go down if inflation goes down) and you won't be able to pull your funds for a minimum of one year. It's a great option for inflat…
Is this open to non-US citizens?
Arguably an i-bond would out preform anything in my portfolio based on the last six months.
Re: I accidentally loaned all my money to the US government
#300Earlier quoted context omitted.
This happens whenever something bad happens to someone else, be it a car accident or a major illness or being the victim of a crime. People want to think it wouldn’t happen to them, so they go through all the reasons they would have been able to avoid the situation so that they don’t have to fear it happening to them. People really don’t want to admit to themselves that there are a lot of things outside our control t…
> People want to think it wouldn’t happen to them I’ve often wondered why some people can be so harsh towards those who’ve had something unfortunate happen to them. This makes a lot of sense.