This is what I don't get about a lot of people on slashdot -- they see "nonprofit" or "co-op" and they get these oddball ideas about what that means. In a nutshell, this pretty much just describes the ownership structure. Nobody can actually own a nonprofit, but people involved with it in various ways can indeed make a profit. I myself have worked for two nonprofits, and they paid really well, so in effect I profited. Other than ownership structure, they're basically the same as any other company.

Or you just couldn't figure out how.

It's better to tell the servicer how to apply the money you sent when you send it. This is why mail in payments have a coupon that you send along with your payment.

Sure, the servicer does allow you to schedule payments, but there's a reason I didn't do this: I wanted to guarantee that the money would already be there in case anything unexpected happened that would prevent a transaction while I was gone.

No, you just plain don't even know how any of this works, you just like to pretend you do. You've made yourself look incredibly stupid so many times now, and you know it, which is why you post anonymously.

While a can of tomato soup is technically an asset, it depreciates until consumed, at which point it has no salvage value. The same can't be said for shares of Heinz, which are not a consumable good. This is accounting 101 dude...

Oh and...

Neither did I. Go read my post again.

Ah...you're one of those "Israel is an apartheid state" derps. Due to your wilful ignorance, this will come as a shock to you: Muslim Arabs live in Israel and are not segregated. It's been this way from the very start. And unlike other Israeli citizens, they aren't even required to serve in the IDF, even though some do anyways. These guys are also the very same ethnicity as Palestinians. What makes a Palestinian is anybody who was in that region when Jordan ceded the area when nobody, not even Palestinians, had asked for it. Before that, "Palestinian" wasn't even a nationality.

Anyways, I'm well aware of anti-BDS laws, and they no doubt don't do what you think they do. These don't affect speech in any way, and they only affect businesses or individuals acting in a business capacity. It's not conceptually different from preventing a business from refusing service to a customer based on their national origin.

The article you linked doesn't say that, and indeed it seems the purpose of the law is to set a standardized definition of anti-semitism as far as public schools and universities are concerned because there currently isn't one. What the schools do with that is up to the school.

Nothing you've cited runs a afoul of that. Public broadcasts are done over spectrum owned by the government and leased to broadcasters. They agree to content terms as part of that lease. It's fundamentally the same as a DMV putting limits on what you can have printed on your license plate, because only they can issue the plate.

When you've got a situation where you can't be certain that you'll be able to pay when the bill is due, it makes sense to take care of it in advance. Considering the alternative is fees and dinging your credit, it's worth it.

Well when somebody uses many words that are completely unknown to you, there's a chance you'll misunderstand the meaning behind them and find them funny in some way. Toddlers do this a lot.

How many valedictions have you made at this point? I've lost count...

All servicers do this. I get that you never go anywhere outside of your mom's basement, meaning you always have internet access at any given moment throughout your entire life, that's not true for most people. We travel, and sometimes our destination is pretty remote. That's why we make contingencies. That's that thing I told you about earlier called planning.

If that's what you got out of it you should try rereading it a few times.

You'll need to tell that to Mr. Cooper then because I've already done exactly this. I took a long break and front loaded all of my non-autopay billing accounts (basically rent and mortgage) for two months. I literally paid nothing to them over a span of three months, and they took no adverse action. Shortly after doing this their portal said my next bill due date was in fact three months away.

Nothing, because I've done no such thing.

Yeah the US doesn't know how to be hardcore about censorship because you can still get any of that on cable or Netflix, or sometimes later at night on broadcast tv. But Canada does. If they don't like something, they ban it outright. And not like a "oh this library doesn't have that, but Amazon does" kind of ban, I mean they just plain make it illegal:

https://en.m.wikipedia.org/wik...

By the way, I see the real reason why you post anonymously now.

Sure, how about this one?

https://www.investopedia.com/t...

Oh looky here, it even agrees with me!

Other types of hedges can be constructed via other means like diversification. An example could be investing in both cyclical and countercyclical stocks.

Come on dude, you're not even good at splitting hairs. Look at the definitions even. Look at their example of its use in a sentence: The author tries to codify important ideas about language.. Is there anything you're good at? Certainly not finance, we've established that...

tsk tsk tsk /facepalm

Here's another one:

https://www.financestrategists...

Diversification is an essential aspect of hedging, as it helps to spread risk across various asset classes and investments.

Srsly....

Depends. If I made two regular payments right now, then my next due date isn't for another two months. And you don't have to refer to yourself as a brick wall -- leave that to me.

Nope, I used it correctly. I maintain different portfolios with different objectives, and each has its own risk profile. In cybersecurity, we commonly compartmentalize risk. For example, there's what's called a high-side network, which has a much higher risk profile than say a public wifi network. We put mitigations in place for each until they collectively fall within what you're talking about, which is called risk appetite.

That would only make me less educated...I mean if I took your word for the meaning of "codify" or "hedging" and began using them your way, then I'd literally have lost some my existing education. I don't want to do that.

No to all of that, though I'm not going to pretend to know what they based their purchasing decision on, because I've seen weirder shit than what I speculated earlier, and I'm not even an accountant. But given the way you've just been making guesses this entire time (seriously, you claim to be an expert in finance and you can't even get the terminology right) I think taking your word for it here isn't a good idea.

Cheese you're still hell bent on attacking my credibility aren't you? Worse, you even claimed earlier that you didn't engage in ad hominem. Whatever...

For that to be true, the previous lender would have to have gone into the refi already knowing that they were going to lose. At this point in time, the rates were already going back up with the general understanding that they'd never be this low again, and they gave me an interest rate that was still below the bond rate. Two months later they sell my loan (servicing AND the loan itself) to another company called Mr. Cooper.

Why would Mr. Cooper buy that loan? Well, I noticed a few things about them:

1) The payment portal is very spammy "Oh look you have a bunch of equity you're not using! You should refinance it all at 5% so you can have that cash right now!" ....yeah, no thanks. I get that shit every time I log into it.
2) I did a bit of research into this company, and it looks like they're trying to pull a Wells-Fargo, only without the whole shitcanning tons of employees for not making their ridiculous numbers.
3) Apparently they have a keen interest in offering mortgages to people with so-so credit and a high interest rate.

All of the above considered, my hunch is they're trying to pull a Wells-Fargo, but in their mind without ending up like Wells-Fargo, or worse, to quote an annoying politician, "Fannie and Fweddy". So they're going around buying up a lot of mortgages, and I think they want to be diversified within the mortgage market itself. Mine would be useful as a data point within that low reward, even lower risk category, in their disclosure statements in order to give their investors the warm and fuzzies. Or something to that effect. I've seen bigger companies do dumber things, but from a perspective of hedging, i.e. reducing risk, it makes sense at the very least for giving the appearance of it. After all, a lot of financial types generally just get hung up on one thing, (kind of like what you've done a few times, so maybe you are a financier after all...) and strangely they don't seem to question it very much. Exactly how Wells-Fargo became a Wall Street darling just for having a high number of accounts even though there was no real revenue being driven from them and they had to break many laws just for the sake of claiming that they had it. Strangely, Wall Street didn't notice until that stupid number had nowhere else to grow and it blew up.

Speak of which, one thing I did get from accounting was how to find red flags. Our class had this project to study the 10K of a company called Gerber (not the baby food) in the sign business. All of the other students in the class gave them a favorable review, except me. The problem my very novice mind noticed was that they kept shuffling their credit around from lender to lender for years, which looked to me like they were just pretending to pay off their loans in such a way that the lenders wouldn't ding their rating. That can be used to show good revenue numbers to somebody just skimming over it, with debits and interest expenses lined separately. As I said, I was the only one who said they were a bad investment. Two years later I looked them up, and sure as shit their stock had tanked.

I feel similar bad mojo from people who invest student loan money into the stock market.

The lender that previously had my loan, by the way, is a loan servicer that mostly specializes in Fannie Mae owned VA and FHA loans, and all that goes with them. Although I'm eligible for a VA loan (it wouldn't do me any favors at the time,) mine is neither of those, and I'm betting they want to keep those as part of their overall strategy, but mine wasn't terribly important to them.

Definitely not. Consult your trusty dictionary:

https://www.merriam-webster.co...

Diversification is typically a form of hedging, but not necessarily -- in fact it can even do the opposite. Say I had everything in an S&P 500 ETF in the hope that it grows over 10 years, but suddenly I decided to push 25% of it into an aggressive large growth fund. While that is diversification, it is not hedging, in fact it is the opposite because it only increases the risk profile by not only adding to capital investments, but skewing towards more risky ones. For a really simple example of hedging equity risk, suppose I did 25% S&P 500 ETF, 25% bond ETF, 25% international mixed cap blend ETF, and 25% income (dividend, mind you) ETF. That's classic hedging by diversifying.

In my case it's basically a choice of putting more money into my mortgage, or putting more into equities. Diversifying would be adding yet a third investment. Putting even more into equities represents an increased risk profile, exactly the opposite of hedging considering my equity investments are already greatly exceeding what I've already paid into the loan.

But you know what? Even if we took your definition, I'd still be correct, as the tradeoff I'd be making under your reasoning is two different means of securing retirement.

Umm...soo...if I were to stop making my payments right now, what do you think happens?

Well I did have to explain to you the difference between hedging and diversifying just now...

Well this goes back into that whole diversification vs hedging thing. Given your statements so far, particularly with your suggestion of using a student loan to invest into the stock market, I think you really don't understand why people commonly do a split blend (e.g. 80/20, 60/40, etc) of bonds and stocks in their portfolio or why that might even be a good idea.

More on this...

You can talk about assassinating the president all you want. For example, from right here on the moon I have a perfectly lined shot that will hit both Trump and Biden in their right eyes with just one bullet and I'm about to pull the trigger. You only get into trouble if you're making a credible threat, just as you would for any other person really, though a credible threat against the president does carry a higher penalty. To be clear, there really is no country that is as liberal on speech as the US. Hell, just over the northern border, simply using the wrong pronoun can and has resulted in criminal prosecution. Some asshole wildling right here on slashdot used to always brag about having some lady prosecuted over it and then posting proof of it, followed by repeating many times "I'm a half-blind grandmother who has been raped."

Definitely not.

It's *any* payment at *any* time throughout the life of the loan.

You're ignoring a lot here. First, if you end up in a situation where you have to sell quickly, you're looking at giving up a lot of equity, if not ending up underwater outright, because you're basically forced to give favorable terms to whoever the borrower is. Second, I don't know if you've ever paid cash for a house before (I have) it makes the buying process so much easier and so much less expensive. Not only that, but because you don't have to deal with a lot of the red tape, you're in a position where you can easily win favorable terms.

For the first several years of the loan that was, objectively speaking, a terrible idea. The bond rate was even lower than my mortgage, and then good luck trying to sell those after the rates went up if the government doesn't buy them back. It was only later last year where that kind of made sense. Even then, I'm more likely to sell it within the next 10 years than keep it for the full duration of the loan. I don't plan to, but you never know. And in that situation, I'd be in a position to net far more equity than treasuries would.

By the way, did I mention that my loan was just purchased by another company a few months ago? Obviously some investor(s) value that 2.75% than they do bonds or stocks.

He died for the sins of the future Kennedys?

I don't know what citation you're talking about (the PDF I just linked? Now that you mention it I see his name on a watermark, but that's not where I got it from.) And I don't watch his show, if that's what you mean. I've seen some of his stuff, and I certainly don't follow his advice. He'd probably tell me to divest of at least some of my shares, which I won't do -- in fact, I'm voluntarily putting even more of my own money into it. Everything I do now came about as a result of numerous life lessons from numerous past mistakes, mostly before I was even an adult. The first time I recall hearing anything about him at all was around 2016, which is about three years before I even took out my first mortgage, and two years after I had already finished college.

Suuure... Let me guess, you getting hung up on the "drunken parties" thing for a long time and couldn't stop talking about it despite the intentions I had already expressed was a joke too right?

You mean like how you're assuming that I'm somehow "burdened" by Dave Ramsey, a guy whose show I don't even watch? Obvious missteps on your part aside, even if I can't back it up, it's a totally reasonable assumption given your commentary so far. Even if it's not true, what's the consequence of that? Either way, I'm on pretty solid ground. So why would I need luck on my side?

Why do you always complain about others making assumptions and in the process you go and make the very kind of assumptions you complain about? I'm certainly not irrationally afraid of debt. For one thing, I've got a mortgage and about a half dozen credit cards, granted I don't ever carry a balance on them. If I was running a business, and all that is at stake is the business, I'd definitely leverage debt. Irrational fear of debt would have meant I'd just pay cash on an apartment instead of using it as a 40% down payment for a bigger (and much nicer) house.

The better term for what I do, as I've already explained, is what's called hedging, and you'd be better off if you learned about it.