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TheRedPillFinance Archive

View 18 posts and 100 comments by TheRedPillFinance on TheRedPill subreddit and various other subreddits related to The Red Pill community.
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Upvotes Title Category Author Subreddit Date (UTC)
785

FinanceTheRedPillFinance/r/TheRedPill23/01/20 03:43 PM
63

FinanceTheRedPillFinance/r/TheRedPill11/02/20 04:08 PM
49

FinanceTheRedPillFinance/r/TheRedPill31/12/19 03:46 AM
23

FinanceTheRedPillFinance/r/TheRedPill12/03/20 03:15 PM
17

TheRedPillFinance/r/TheRedPill25/01/20 05:04 PM
11

TheRedPillFinance/r/askTRP25/01/20 05:47 PM
10

FinanceTheRedPillFinance/r/TheRedPill28/01/20 12:21 AM
8

FinanceTheRedPillFinance/r/TheRedPill31/12/19 04:00 AM
5

TheRedPillFinance/r/RedPillWives28/01/20 01:00 AM
3

TheRedPillFinance/r/askTRP28/01/20 01:21 AM
3

TheRedPillFinance/r/MarriedRedPill25/01/20 05:31 PM
2

METATheRedPillFinance/r/RedPillWomen28/01/20 12:50 AM
1

TheRedPillFinance/r/MGTOW28/01/20 01:31 AM
0

TheRedPillFinance/r/askMRP28/01/20 01:42 AM
0

FinanceTheRedPillFinance/r/TheRedPill16/03/20 11:23 PM
0

TheRedPillFinance/r/askTRP30/01/20 12:40 PM
0

TheRedPillFinance/r/RedPillWomen25/01/20 05:20 PM
0

TheRedPillFinance/r/askMRP25/01/20 05:05 PM
Upvotes Comment on Subreddit Date (UTC)
1

Same advice I've been on from day 1 of the show. Build up that "bucket" for major pullbacks like we've just seen, and keep buying while things stay low. When the market recovers in a few years you'll be glad you did. What's just happened amounts to a giant "rule 1 event" as Phil Town calls them. Look for good companies that aren't going to be super affected, but who's price went down gobs with the market. CMG is a good example. They are still open and are still doing good business, but for whate…
/r/TheRedPill02/04/20 03:36 AM
0

You're damn right Patreon. Hardware isn't cheap. Here's the gear in my YouTube studio: Panasonic G85 https://amzn.to/2WYV3MV Tripod https://amzn.to/3aAt0r8 (super versatile, I really like it) Tripod head https://amzn.to/33YbFGj (it's beefier and smoother for panning than the one that came with the tripod) 64GB Flash https://amzn.to/342wn84 Plug-in power adapter for the G85 https://amzn.to/2w0xS9Y Headphones https://amzn.to/3dJxWff Blue Yeti https://amzn.to/3dUo16W Greenscreen https://amzn.to/39x…
/r/MarriedRedPill02/04/20 03:35 AM
2

If you'd listened to this "hack" you'd be up somewhere between 22% and 40% on the Chipotle play I called last week. And you would have had a hefty cash reserve to use for when the market pulled back. Just yesterday I called BA and UAL, which both closed up ~34% today. Ignore my advice all you want, but just remember crashes like we're in right now are when fortunes are made.
/r/TheRedPill25/03/20 02:19 AM
1

Check my profile for the pinned thread on the Financial Order of Operations. And I've made videos that detailed my cash saving strategy for the next major pullback like what we're experiencing. E-fund + extra for buying the dip, or as Warren Buffett and Phil Town like to say, "when it rains gold go out with a bucket, not a thimble."
/r/TheRedPill21/03/20 02:16 AM
2

Do you have feedback that can be put into action to actually improve the content? Otherwise you're not helping.
/r/MarriedRedPill19/03/20 04:19 PM
1

Nope. Just got 2.1K hours.
/r/MarriedRedPill19/03/20 04:16 PM
2

Nobody is good at this right out of the gate unless they went to school for it or did it professionally in another form. Andrei Jihk is good because he was a film editor, so his stuff looks extremely polished. For the rest of us visual media is a skill that needs to be learned and perfected. That takes time. Be patient as the presentation is incrementally improving little by little. Having a slick format and presentation doesn't help much if the message, the content at heart isn't any good. That…
/r/MarriedRedPill19/03/20 04:13 PM
-1

This should help you out... https://i.imgur.com/tRaRrKP.png I'm hopeful they dip to the support line. That 50% pullback is my price target for another $1800, but to be fair like I said in the video I've already started putting money into them.
/r/TheRedPill17/03/20 04:02 PM
0

Your post is pure speculation. Now make no mistake, SOME companies are going to suffer greatly and take years to get back to even. Maybe even decades. Some may even go out of business. The stocks I cited, COST & CMG, are going to do fine and take off like a rocket once it's back to business as usual, which, if we're speculating, IMO is sooner than doomsayers think. I give it a month or two before the "social distancing" goes away considering human nature. Mark my words, people will acclimate to …
/r/TheRedPill17/03/20 03:28 PM
2

CMG and COST CMG is down about 40% thus far, but they're going to remain open so long as states allow take out and it'll mollify lost income. I expect them to bounce back relatively quickly once the crisis subsides. COST is making money like gangbusters right now. Eveyr day a mini-Black Friday. The gotcha with Costco is that their stock hasn't cratered nearly as much as the S&P500 for this very reason, so there's potential for more downside.
/r/TheRedPill17/03/20 03:22 PM
1

Everything is on sale. Some more than others.
/r/TheRedPill17/03/20 04:34 AM
-6

why should I listen to you? 1) Well for one thing I'm in the sidebar several times, although the following thread is the only one I'm making public on this account at this time... /r/ TheRedPill/comments/esutlx/the_red_pill_finance_thread_redux/ 2) I'm one of the original creators of this community, and the manosphere in general. I go back all the way to when Rollo and I were on Sosuave bouncing ideas around as a community that later became the Iron Rules of Tomassi. I've always been behind the …
/r/TheRedPill17/03/20 12:28 AM
1

Right, my methodology allows us to capitalize on a bear market that dips up to 40%. If the market pulls back more than that and is a true and proper crash, then instead of putting money back into savings to rebuild the cash reserve, then just shove it straight into the market to keep buying as the market continues to fall. My plan for a 40% pullback more than adequately prepares you 99% of market corrections and crashes. The giant 50% or more only happens a few times a century. Granted the last …
/r/TheRedPill15/03/20 02:44 PM
2

M1 Finance for sure. Think or Swim is decent too, but with TDA getting bought out by Schwab, that one is up in the air if you are looking long-term.
/r/TheRedPill12/03/20 10:35 PM
2

I don't understand your critique. I tried to add value by explaining my position and letting guys know what's happening, which is why I included links to the other videos about my strategy rather than straight shilling referrals. Now that I read your post I realized people may actually miss them, so here they are for easy access: ► M1 Finance ► Robinhood ► Schwab ► Webull I don't care who's referrals you use, just don't leave money on the table.
/r/TheRedPill12/03/20 07:02 PM
1

Here's some figures to consider here from when things were at their peak: https://imgur.com/a/129tIKT As of this morning we've broken support (~$271) and are down about 22% from the peak, which is well into the 18-34% pullback territory. If you don't already have a brokerage account, now is the time to get one set up and funded (see link above) so you can capitalize on the historic opportunity this represents. It does suck for those being impacted by the market, but hopefully you've been doing a…
/r/TheRedPill12/03/20 03:16 PM
11

Ouch. That's a lot of waste IMO. You do what you want, but your finances are NOT optimized for growth.
/r/TheRedPill28/02/20 01:28 PM
1

Was a crack on ADJ's 22C "Make women great again" that got him roasted by Piers Morgan recently.
/r/RedPillWomen27/02/20 09:07 PM
5

We had a good time filming and I look forward to making more content like this. Also, set a reminder now because Wednesday, March 4th at 9pm we'll be starting a call-in show so you can ask us questions and get both a Red Pill male and female opinion on things. @/u/rstonept This is how you make women great again ;)
/r/RedPillWomen27/02/20 07:16 PM
2

Do you mean dividend ETFs? Not sure what you mean by distributing ETFs.
/r/TheRedPill14/02/20 01:42 PM
1

The thing that dividend investing offers is the compound interest aspect. That's investing in general. As I stated elsehwere, 4 of my top 5 investments all pay dividends. The key distinction between what I and dividend investors do is that I didn't chose them because of the dividends they pay out. Ideally you want to be diversified into different investments, income, growth, etc. Sorta. Uncorrelated diversification is good, but the way most people diversify just shows they don't trust their stoc…
/r/TheRedPill13/02/20 08:11 PM
1

That is why value investing is the way to go... if you are going to invest in yourself and get the financial education. If not, then stick with dollar cost averaging into index funds.
/r/TheRedPill13/02/20 08:09 PM
2

At no point did I say: fuck dividends completely The problem is people focusing solely on dividends at the expense of growing their portfolio/capital appreciation, especially when they are younger. Doubly so when they don't understand why a stock might have a sky high dividend. cough GameStop cough All but one of my top 5 holdings pay dividends, but I didn't chose them because of their dividend. That's the key distinction.
/r/TheRedPill13/02/20 04:01 PM
1

As I stated in the video, dividend investing can be good if done correctly. The portfolio I put together of 25 Kings actually outperformed the market long term. Joseph Carlson's methodology on the other hand is not a method I can recommend for the reasons stated in the video.
/r/TheRedPill11/02/20 11:10 PM
21

The psychological effect is worth considering. That completely passed right over my head and I'm a big fan of the debt snowball paying off the smallest debts first vs highest interest because of the mental impact it has, even if from a dollars and cents perspective it's suboptimal. Good insight.
/r/TheRedPill11/02/20 11:07 PM
1

Agreed. I rented a Kia last year and it made the shortlist of cars I'll buy once I'm in the market again.
/r/TheRedPill11/02/20 05:35 AM
2

Tune in to the livestream and feel free to ask questions.
/r/TheRedPill06/02/20 07:15 AM
2

Keep it simple stupid. The more complicated you make budgeting, the harder it'll be to maintain over the long-term. Automate your savings. For example: I keep a plain old spreadsheet with all my bills for the month, which includes how much I invest. I put in how much I got paid and it calculates out how much I need to move to my investment account, the checking account all the bills AUTOMATICALLY come out of, etc. At the end I'll have a figure that's my surplus fun money I can either toss into t…
/r/TheRedPill05/02/20 07:24 PM
1

There's no cost to you. I'm the one footing the bill for the streaming service, artwork, etc. I will never charge for a class or mentoring. IF the channel should ever get monetized, then it'll be purely through YT's normal ad system and the occasional Amazon affiliate links I put in the video descriptions for products I believe in and use. The books in my reading list are an example of this-- I recommended them because I read or use them just about each and every day. As I've stated elsewhere I'…
/r/TheRedPill31/01/20 04:59 PM
2

TRPF is meant to be a stepping stone to the community at large, all the while helping guys build their empires to provide long-term wealth to fuel an awesome lifestyle well into old age. If you want to "talk shop", then you need to hop on the livestream like the 2 hour one we had last Saturday. However, those videos do not remain public on YT for the following reasons: Do not talk about Fight Club. Not using community lingo that carries negative connotations is by design. I'm trying to shape per…
/r/TheRedPill31/01/20 02:50 PM
2

Unfortunately I'm not spun up on overseas investing either. I do know the US markets are accessible though.
/r/TheRedPill31/01/20 03:15 AM
3

Supply and Demand 101. Women entering the workforce effectively doubled the available pool of labor and it's suppressed wages since.
/r/TheRedPill31/01/20 03:13 AM
1

Live show tonight at 7pm: https://www.youtube.com/channel/UCQ9t6kguLLbq8CqjEKaB7Ew Stop on by and get your questions answered live. Tonight's show will be on cash: Is cash king, or is cash trash? I'll also walk you through how I do a valuation following the value investing principles disclosed in this video: https://www.youtube.com/watch?v=CAGH9Q3ZTFI And stay tuned afterwards for the Q&A.
/r/askMRP30/01/20 06:57 PM
1

I mentioned that elsewhere in this thread, that magic formula tends to underperform in bull markets like the one we're in right now. That being said, Greenblatt is legit. He was getting 50% returns each year for a decade to the point they had to close the fund and start over. Got too big and that was that.
/r/TheRedPill29/01/20 01:33 PM
1

Yup. I see it as a case of crab bucket mentality. I'm helping soft-boot teh channel through my own channel focusing on finance, but also offering mentoring to guys during my livestreams. So far it's been good with only one guy having anything negative to say.
/r/TheRedPill29/01/20 06:55 AM
1

I was not aware. I had no idea the three of you already did a show. Hell, that's what we're trying to do right there!
/r/askMRP29/01/20 01:57 AM
1

A normal person today doesn't pay it off in full every month They don't, but they should. Most Americans are terrible with debt and have over $9000 just in credit card debt. https://www.valuepenguin.com/average-credit-card-debt
/r/TheRedPill28/01/20 03:04 PM
-5

IMO the negativity is plain old crab bucket mentality. Say what you will about them, but Donovan Sharpe has almost 50K subs, and Coach Red Pill & Richard Cooper both have North of 200K subs on YouTube. It's clear there is an audience for the content, but to date nobody from here aside from Rollo has actually tried to do something like this. Our aim is to create a unified front, a network, of red pill content broken up into discrete shows. The goal is to deliver quality mentoring that 2 generatio…
/r/TheRedPill28/01/20 03:36 AM
-9

Yeah, turned it on last Saturday and put out a last minute notice and got my hand slapped, hence the thread.
/r/askMRP28/01/20 03:16 AM
2

Generally speaking the best way to look at it would be a 4% dividend and you live off that this way you never touch the principal.
/r/TheRedPill26/01/20 06:04 PM
3

Current plan is to stick with Saturdays at noon, but I think from now on I need to cap it to about an hour. 2 hours was a long ass intro. This week I want to make a video about Joel Greenblatt's Magic Formula since I really dig it, and we could talk about that. I also put a bunch of related videos in my Investing playlist if anyone wants to learn more. https://www.youtube.com/playlist?list=PLeWjiM2coYryirkRYFgrZnjdd6seh7CKm
/r/askTRP26/01/20 12:13 PM
-6

Behind the $5 paywall on Patreon, which I talked about during the livestream. since we wandered away from finance and got into politics a bit. Having it behind even a small paywall just helps keep it private and away from SJWs who would report it.
/r/TheRedPill26/01/20 12:11 PM
1

That was fun. Thank you everyone for stopping by. See you next week!
/r/askMRP25/01/20 07:23 PM
-1

That was fun. Thank you everyone for stopping by. See you next week!
/r/RedPillWomen25/01/20 07:23 PM
2

That was fun. Thank you everyone for stopping by. See you next week!
/r/MarriedRedPill25/01/20 07:23 PM
5

That was fun. Thank you everyone for stopping by. See you next week!
/r/askTRP25/01/20 07:23 PM
3

That was fun. Thank you everyone for stopping by. See you next week!
/r/TheRedPill25/01/20 07:23 PM
0

That was fun. Thank you everyone for stopping by. See you next week!
/r/RedPillWomen25/01/20 07:22 PM
4

Depends on the potential ROI of the education you seek. Becoming a cloud architect? Good. An underwater basket weaving degree like one of the hyphen-studies programs? Bad. A few months of suck having to pay for a class that has a potential upside of decently higher income for years or decades to come? That is a no-brainer.
/r/TheRedPill24/01/20 08:58 PM
1

IMO many of the bigger finance subs are crap. They don't like people threatening their fiefdoms and ban anyone who threatens them, which has created a bit of blind leading the blind. People who actually know their shit get banned in short order under the guise of "advertising" or "self-promotion".
/r/TheRedPill24/01/20 07:59 PM
2

Common mistake is people panicing when the market dips and taking it all off. And that kind of panic selling is exactly why only 2% of retail investors beat the market.
/r/TheRedPill24/01/20 06:21 PM
18

Human beings tend to be affected by hype, and this creates bubbles. Hence the phrase, buy the rumor, sell the news. Personally I'd say the "get rich quick" mentality is as strong today as it ever was. Maybe even more so with the advent of internet marketing. 2019 was the first time more advertising dollars were spend online than in print or on TV. Also, there's a shitload of snake oil salesmen. We saw this in the PUA community about 10 years ago. Ultimately the slow road is how wealth is built. …
/r/TheRedPill24/01/20 06:16 PM
1

For dividend investing, yes. Another is /u/genxdividendinvestor But... if you're more than 10 years out from retirement, then frankly IMO it's silly hamstringing your growth potential by focusing solely on dividends like that. If you're at that phase of life though, then by all means he's got some good primer videos on the subject. I suppose you could think of my channel as his value investing counterpart.
/r/TheRedPill24/01/20 02:50 PM
2

They are outside the US, or will be soon. Keep a close watch. They and Robinhood are looking at Australia and the UK. I could have sworn they started accepting account applications for one of them not that long ago. Maybe it was just an announcement I'm remembering saying they would soon?
/r/TheRedPill24/01/20 02:48 PM
3

Flies, floats, fucks. If it drives... buy it 1 - 3 years used with about 10K miles seems to be the sweet spot. Leasing a car is TERRIBLE for your finances long-term.
/r/TheRedPill24/01/20 02:46 PM
1

I directly addressed this in my recent video I posted not even an hour ago. A recession affecting the entire market, well, affects the entire market. Nobody comes out unscathed. But... you can limit risk through uncorrelated diversification. h/t Ray Dalio
/r/TheRedPill24/01/20 02:45 PM
2

Good point. I hadn't even considered that, but you're right. Being an expert on a subject separates the men from the boys in a sense, and with the subject being FINANCE (ergo MONEY, ergo POWER) it can be a lightning rod for their attention.
/r/TheRedPill24/01/20 02:42 PM
1

I'll leave it to others in this thread to address your unique issue because I'm unfortunately not spun up on Canadian investing. I'm playing solely in the US stock market. I used to have some Canadian companies, but sold out of them not that long ago due to the harsh tax hit my dividends suffered.
/r/TheRedPill24/01/20 02:40 PM
3

I touched on this in one of my early craptastic car videos around Christmas about how you can build up credit for your kids and get them moving in the right direction. I really do need to get a better camera for the car at some point so I can keep filming while on the road. Anyway, building credit and how to RESPONSIBLY use credit cards is a key personal finance topic I'll be covering on the channel.
/r/TheRedPill24/01/20 02:30 PM
1

Right, the lifestyle and influence he creates by having said lifestyle. It's a bit of a feedback loop, much like the male Italian equivalent to Kim Kardashian.
/r/TheRedPill24/01/20 02:27 PM
1

I think so. Hell, just knowing the difference between assets and liabilities is a key thing everyone should know. Also, for investing I believe the same principles applies for knowing how debt, revenue, return on capital, earnings per share, etc all mixes together to form a company's intrinsic value.
/r/TheRedPill24/01/20 02:27 PM
1

You do you. All comes down to personal taste on this one.
/r/TheRedPill23/01/20 09:06 PM
1

One bad example, Sears canada. Went bankrupt. Pension fund was raised. Board got their wind up pay, millions. Pension holders got zip. I can relate. My mom worked for a GM subsidiary. Her 401K went to $0 and lost her pension when that subsidiary went under back in ~08. When the govt bailed out GM they made them foot the bill for the pension as strings attached for the bailout, so she at least got something out of it. It's only something like 70 cents on the dollar of what it should have been, bu…
/r/TheRedPill23/01/20 09:04 PM
1

When new people come into the investing scene nowadays they are recommended index funds and are told that is all they have to do. I hate it, but for many people it probably is for the best. The Magic Formula folks will tell you you can get 20% or more a year, and they're probably right, and value investing is a great way to buck the market too. The reason most people fail is, frankly a case of: "A person is smart. People are dumb, panicky dangerous animals..." FOMO, emotions, and lack of educati…
/r/TheRedPill23/01/20 09:02 PM
1

That's a good question. As i stated up above this was taken from The Money Guy Show, so it's probably a good question to ask them to be honest. Personally I do agree with them since I HATE leaving money on the table, especially thousands of dollars a year that will compounded to a princely sum later. You can still build up the e-fund, but it's simply lower priority than what would otherwise be the opportunity cost of missing out on the company match.
/r/TheRedPill23/01/20 08:56 PM
1

That's a good question for the livestream :)
/r/TheRedPill23/01/20 08:52 PM
-1

His actual buys and sells since 1995 (that I could find). I talked a little about how OCD I went with this stuff in my new video I'm editing right now. So, yeah, you'd get 15-19%. He was getting 20% and sometimes higher because of preferred shares and buying at better prices, so there was some lag having to wait for his moves to become public and not getting the preferred shares/dividend rates, hence the lower return.
/r/TheRedPill23/01/20 08:51 PM
3

He's done well enough. Another real estate guy who pretty much did what he talked about in the book is Graham Stephan. He's late 20s and has a couple million in real estate holdings providing positive cash flow and then some.
/r/TheRedPill23/01/20 07:02 PM
1

Could you talk about this a bit more? I like where you're going.
/r/TheRedPill23/01/20 07:01 PM
1

Now Burry is saying the same thing, so we'll have to wait and see. The problem with index funds is your money is lumped in with good companies and bad. In a way it's similar to what happened with the mortgage crisis with good debts being bundled with bad debts that. If you haven't seen The Big Short, good lord stop what you're doing and go watch that film!
/r/TheRedPill23/01/20 06:30 PM
4

Dave Ramsey is great for people who have money trouble. In fact, the worse off you are financially, the better his advice is. At the same time, I'd not recommend his investing advice as he advises investing in many mutual funds with no mention of bonds. I wholeheartedly agree. Great advice for getting out of debt, but his investing tips are terrible. I attribute it to him being an old dude and his investing advice being stuck in the 90s back when it was relevant. This dude kills it with the rese…
/r/TheRedPill23/01/20 06:27 PM
2

You're entitled to your opinion. For me the introduction to the 4 quadrants and the explanation of how they are taxed differently (and why) makes it a "must read". Also, assets vs liabilities. It's a good primer on the subject.
/r/TheRedPill23/01/20 06:16 PM
2

Fair point. Something else to consider is his Instragram account does make good money, so there's that. It boggles the mind how much money a handful of people are making nowadays from social media as "influencers".
/r/TheRedPill23/01/20 06:13 PM
7

My advice, set aside a fixed amount of money every month to dollar cost average your way into ETF's that passively track the market index. Agreed for those with long time horizons. For those who are way behind the curve or getting close to retirement, calling your shots may be in order, but only if you are willing to get the financial education and take the time to pour over hundreds of 10Qs, 10Ks, etc and crunch the numbers. And even then there's no guarantees. My favorite approaches are: Joel …
/r/TheRedPill23/01/20 06:10 PM
5

Homes you live in are NOT assets, they're liabilities. Real estate should only be considered an asset when it provides positive cash flow. This is true of anything you own or side hustles you participate in. This is where pretty much all multi-level marketing falls apart and you see it for what it really is, a ponzi scheme and a scam.
/r/TheRedPill23/01/20 06:05 PM
3

Generally, timing the market beats time in the market Like I said in the original post, this is only true IF you have 10+ years until you plan to draw the money. I'll also add you need to know what the hell you're doing with regard to valuing companies and buying in at a good price to ensure that margin of safety. If you're not sure what to do and have decades until retirement, then dollar cost average in an index fund. It's the "safe" way to invest.
/r/TheRedPill23/01/20 06:03 PM
3

Only 2% of retail investors beat the market. And of the markets they do beat, it's largely Japanese securities. I'll see if I can find the source, but it's pretty bad. And the reason why is because people just don't learn how to value companies properly. They FOMO, get emotional, and wind up getting burned. I'm a HUGE fan of Warren Buffett's and Phil Town's advice to only buy companies if you plan on keeping them for 10+ years. You're not buying stock, you're buying a piece of the company and th…
/r/TheRedPill23/01/20 05:59 PM
17

America is a very fat, very debt ridden culture. We keep up with the Joneses like never before and most people just don't have much money saved. Very little delayed gratification. Case in point, have you see the average duration of car loans now? Insane! Those who don't understand interest, pay it, and those who do understand interest, earn it. - Albert Einstein
/r/TheRedPill23/01/20 05:55 PM
-1

There's going to be a lot of overlap, especially the order of operations and valuing companies.
/r/TheRedPill23/01/20 05:53 PM
1

Not at this time. I'm steering clear of the international market for the time being. Helps keep it simple as they're largely outside my circle of competence. However, the above info does have a lot of overlap, especially the order of operations.
/r/TheRedPill23/01/20 05:52 PM
6

+1 to steer clear of crypto. It has its uses, but not as a store of value.
/r/TheRedPill23/01/20 04:59 PM
6

Savings made simple. Why is a long story.
/r/TheRedPill23/01/20 04:57 PM
3

Actively managed funds lose money because fund management is limited by corporate and SEC rules, and the mangers themselves get paid regardless of how their funds perform. When the 08 crash occurred I remember a story about a fund manager who sold assets to protect investors because he saw what was coming. He was promptly fired for breaking the rules and wound up getting invested by the SEC.
/r/TheRedPill23/01/20 04:55 PM
23

Thanks! It's good to know the info is appreciated. FYI I'm doing a livestream on Youtube this Saturday at noon EST so folks can get to know me and do a bit of Q&A. https://www.youtube.com/channel/UCQ9t6kguLLbq8CqjEKaB7Ew Shameless plug...if you haven't subscribed please do! I'm still in the process of rebranding to The Red Pill of Finance, but the information is still the same. It's gold, Jerry! Gold I tell ya!
/r/TheRedPill23/01/20 03:54 PM
1

Value investing makes this entirely attainable. I did 60% in my capital appreciation account. And my Roth IRA in which a third of the account was designated for dividend growth (which usually under-performs the market) still managed to get a 50% return last year. It all comes down to 4 key elements: Only buying companies with a large "moat", aka competitive advantage Sticking to your core competencies, in other words business/markets you understand Buy with a large margin of safety (I aim for 50…
/r/TheRedPill16/01/20 03:43 PM
11

I fully agree. I'll be doing that myself in the next year or so. I'm in the DC metro area and I need to GTFO to someplace smaller. A small pay cut will happen, but it'll be worth it for the change of scenery and lower cost of living. If you want to learn more, subscribe to my YouTube channel and the Finance tribe over at TRP.RED. If you'd like to begin investing, then feel free to use my referrals below as we'll both benefit: M1Finance Robinhood
/r/TheRedPill02/01/20 07:03 AM
1

Depends on where you're at. They're looking to expand into Australia and the UK very soon. Actually, they may already be. Robinhood.com/global used to have more info, but now it's a 404 error. Keep an eye on it as they should open the doors relatively soon.
/r/TheRedPill02/01/20 01:52 AM
4

There are steps you can take to get started rebuilding your score. I'll cover this in a more detailed thread, but to get you started look into the no annual fee Capital One secured credit cards. For $50 you can get a $200 limit and use that to buy something small and then immediately pay it off each month. A pack of gum for example. They don't care how much you charge, so long as you're making your payments every month. By buying something small and paying it off you limit the ding to you score …
/r/TheRedPill31/12/19 09:55 PM
3

The problem is that she hid the debt from him. Hell, he still doesn't know how much it actually is. The $10-15K he referenced was a WAG on his part. Needless to say this kind of secrecy is a bad place to start the marriage and begs the question what else she might be hiding? If you want to learn more, subscribe to my YouTube channel and the Red Pill Finance tribe over at TRP.RED. If you'd like to begin investing, then feel free to use my referrals below as we'll both benefit: M1Finance Robinhood
/r/askMRP31/12/19 05:38 PM
1

I do not recommend povertyfinance. That place is toxic as hell and full of the classic crab bucket mentality. If you want to learn more, subscribe to my YouTube channel and the Red Pill Finance tribe over at TRP.RED. If you'd like to begin investing, then feel free to use my referrals below as we'll both benefit: M1Finance Robinhood
/r/RedPillWomen31/12/19 05:28 PM
1

There's a few things you can do. Create a budget. You need to know where your money is going to have any hope of saving it. Trim the fat. Minimize expenses as much as possible to free up capital for paying off that debt and to begin saving/investing. Pay yourself first. Typically as soon as you get paid you should move 15% into an account you don't see day to day. However, sine you still have debt and don't have any investing and savings in all likelyhood, here's how I'd approach things: 1/3rd g…
/r/RedPillWomen31/12/19 05:25 PM
1

I should write something up about this. It really speaks to the breakdown of the family unit and the financial consequences it can have, especially for single mothers. The #1 predictor of poverty (for women and their children) is having a child before getting married. I can see the clickbait title now... This one simple trick will prevent poverty! More: http://archive.is/wip/b5G4h http://archive.is/wip/PAlG0
/r/MGTOW31/12/19 04:36 PM
1

From a financial standpoint this is a very interesting topic. In my own experiences with child support and divorce, what this meme hints at (by asking the question) is 100% accurate.
/r/MGTOW31/12/19 04:32 PM
1

It can be. There's a venue near where I live, upscale place too, but it was blacklisted by my company at the time because at least one of their staff was writing in their own tips. Happened more than once before people caught on and compared notes so no more happy hours there. There's really no telling how many other people were getting ripped off by the place like that, or how often it could be happening elsewhere.
/r/TheRedPill31/12/19 03:56 PM
1

just do not let anybody disappear with you card. I don't know if you're in the US or not, but that's frankly par for the course in most establishments. It's rather rare nowadays for you to get the bill and walk up to a till to pay your bill on the way out. Perkins, Cracker Barrel, and a few others, not to mention many small mom and pop restaurants do that, but the large chains like Olive Garden, Texas Roadhouse, etc will take your card and run it out of view. And then there's the nightlife indus…
/r/TheRedPill31/12/19 02:02 PM
1

They also have a system where you can go online and generate unlimited virtual debit cards that work like credit cards for online purchases. You setup the amount, how long they last, how many times they can be used, and can cancel them at will. Great for free trial periods without any risk of forgetting to cancelling the subscription before the automatic charge post trial. Privacy.com has this. One of the youtube channels I watch has a referral link for it, privacy.com/newrockstars to give you I…
/r/TheRedPill31/12/19 01:57 PM
4

This thread wasn't meant to be a deep dive into credit cards. This was only intended to be a quick tip on debit card safety, as the title stated. If you want a proper credit card thread, then I can do that at a later time. For now I'll refer you to Graham Stephan as he's all about the credit card and churning life.
/r/TheRedPill31/12/19 01:51 PM
2

We're getting there with mobile pay systems. It's still a good ways off before it really becomes the norm though.
/r/TheRedPill31/12/19 07:38 AM
1

Going with them is certainly an option. Not all venues have mobile card readers yet, not that I'm sure you should be using those anyway. My day job used to entail wireless security both of the WiFi and cell phone variety and not all wireless encryption is equal, or as good as people think...but that's a topic for another day.
/r/TheRedPill31/12/19 07:37 AM
7

You'll get the money back if you act quickly and notify the bank, but it can take upwards of a year in really bad cases before you'll see that money again. If that's your main checking that got drained, then that could be ruinous. I had a couple of good courses in college on identity theft as part of my degree program and it's pretty amazing how easy it is to become a victim of identity theft and credit card fraud. If you'd like this is a topic I could go into more detail on once I get my first …
/r/TheRedPill31/12/19 04:04 AM
You can kill a man, but you can't kill an idea.

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