The Divorce Fund: Speculating on Your Misery
I have spoken candidly in the past and will gladly do so again, about my misadventures in the world of marriage. It's a world many foolish men enter, but few ever leave financially unscathed. Today, we look at yet another nail in the coffin of this once noble and righteous institution.
One year ago, Stacey Napp founded Balance Point. Not surprisingly, with money from her own divorce settlement. Balance Point is a divorce investment fund. It essentially ponies up its legal services for free (under the guise of a financial investment) and takes a percentage of the winnings, pardon... settlement .
Not shockingly, Ms. Napp's a career long finance professional with a Juris Doctor in tow. I suggest giving her a good thought the next time you're wondering why Wall Street is so fervently demonized in the media and why the word Bankster has become part of our modern lexicon.
It ain't all about the Bulge Brackets... it's about the idea that finance professionals are soulless, unscrupulous vultures willing to destroy people's lives for an extra penny on the dollar. That having been said, here's Ms. Napp's take on her noble project:
Everybody knows somebody where at the end of the day, the divorce was not equitable. We want to help those people, the underdog, to make sure they get their fair share. It furthers the concept of putting both spouses on an equal playing field.
Yeah, Stace...every man I know who's ever gotten a divorce has gotten robbed, raped and beaten by thugs like you. What equal playing field are you talking about, exactly?
The one where saying I do instantly entitles you to my blood, sweat and years?
The one where I can lose half just by looking at the nanny sideways and the one where you can hop from pool boy to gardner to mailman and still get cashed out proper?
Word to the Wise...
You can think of me what you want. Most of you guys are still at the age where you think the rules don't apply to you. Just remember that you've been warned. Marriage in the United States is a lose-lose proposition for the overwhelming majority of men.
Maybe you get to escape a fate of pocket siphoning, but chances are that you will be paying for your wife every step of the way. The bill will just come due after the best years of your life are behind you and she's well past her expiration date.
Modern day marriage is just another way of taxing hard working, successful and ambitious men. If you are really intent on getting married, do it offshore, somewhere where the law is not designed to steal from you as it is here.
Or better yet, start your own Divorce Fund or become a liquidity provider for Ms. Napp's. I guess this is your best method of hedging risk in a world gone completely batshit.






Comments
Well done sir, well done.
Well done sir, well done.
I don't know what the
I don't know what the practical limitations are but perhaps insurance companies could start a new line a products devoted to divorce insurance. Structure the product like a CDS. The buyer pays a premium every month and in the event of the a divorce there is a lump sum payout, otherwise, the buyer keeps paying the premium. It doesn't fix the inherent problems in the instituition of marriage but it could mitigate the financial impact on the party getting screwed
if only there was a way to
if only there was a way to hide a large portion of your income, stash it away somewhere just in case things head south, now that would be a very successful business wouldn't it?
I have never heard of
I have never heard of offshore marriages, but I am intrigued. Off the top of your head, do you know where the best place to do this is? Obviously it has to seem romantic or she won't go for it I feel.
between you and Eddie feeding
between you and Eddie feeding me this shit every week I think I will likely never get married...or if I do I will be shitting my pants all the way down the aisle.
Midas, you were married?
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There's no such thing as an
There's no such thing as an offshore marriage. Even if you got married outside the country, assuming you live in the United States, the US will have jurisdiction over your marriage and the state's (divorce law goes by state) divorce laws will apply. Sometimes couples battle over what state to file the divorce proceedings in, since again, the laws vary from state to state, but that can only be done if there is marital property in both states, or a prenup says what state any divorce proceedings would occur in, etc.
You can't just fly to the Cayman Islands, get married, and then fly back and pretend like you're somehow under Cayman Islands' marriage laws (I have no idea where the lax marriage laws are, just saying).
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WallStreetOasis.com
between you and Eddie feeding me this shit every week I think I will likely never get married...or if I do I will be shitting my pants all the way down the aisle.
Midas, you were married?
Yes...to your whole post.
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alexpasch wrote: There's no
There's no such thing as an offshore marriage. Even if you got married outside the country, assuming you live in the United States, the US will have jurisdiction over your marriage and the state's (divorce law goes by state) divorce laws will apply. Sometimes couples battle over what state to file the divorce proceedings in, since again, the laws vary from state to state, but that can only be done if there is marital property in both states, or a prenup says what state any divorce proceedings would occur in, etc.
You can't just fly to the Cayman Islands, get married, and then fly back and pretend like you're somehow under Cayman Islands' marriage laws (I have no idea where the lax marriage laws are, just saying).
Incorrect
Where I unload on Twits and take verbal S***s
I think there is an insurance
I think there is an insurance you can purchase for divorce. Like you pay certain amount money every month and if you get divorce, they will cover the legal fees. But the insurance won't cover if you get divorce in the first 2 years. I guess you really have to plan ahead if you want to use that. lol
WallStreetOasis.com
between you and Eddie feeding me this shit every week I think I will likely never get married...or if I do I will be shitting my pants all the way down the aisle.
Midas, you were married?
+1 to that, Patrick. Between Eddie/Midas/everyone else I speak with.... I think I'd rather swallow a bag of needles than take the plunge. Nice work Midas - you have kept me a believer.
"Jesus, he's like a gremlin; comes with instructions and shit"
For some reason my girlfriend
For some reason my girlfriend gets mad at me every time I send her articles like these.
CompBanker
What if a woman cuts her
What if a woman cuts her career short to raise the kids? Is she not entitled to half then? Women that go back into the workforce after child-rearing are usually generally limited and lose up to 70% of their pay that they would have had they not quit.
I'm genuinely curious to hear this argument, and suspect that couples in the higher tax brackets have very different experiences than people in the lower brackets.
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CompBanker wrote: For some
For some reason my girlfriend gets mad at me every time I send her articles like these.
at least now I know who the death threat was from.
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CompBanker wrote: For some
For some reason my girlfriend gets mad at me every time I send her articles like these.
If I had any credits left, you sir, would be awarded one.
AnonIcelandicBanker
What if a woman cuts her career short to raise the kids? Is she not entitled to half then? Women that go back into the workforce after child-rearing are usually generally limited and lose up to 70% of their pay that they would have had they not quit.
I'm genuinely curious to hear this argument, and suspect that couples in the higher tax brackets have very different experiences than people in the lower brackets.
hmmmm, that is a good point. Personally I will NEVER EVER cut my career for kids. I believe having-it-all is possible.
AnonIcelandicBanker
If I had asked people what they wanted, they would have said faster horses - Henry Ford
The swing in divorce laws
Midas Mulligan Magoo
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maybe im the only one... and
"Stay Hungry, Stay Foolish"
One of my best friends is a
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dmcd wrote: maybe im the only
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Here's my question: what
One of those lights, slightly brighter than the rest, will be my wingtip passing over.
Aggravate wrote: The swing in
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AnonIcelandicBanker
Where I unload on Twits and take verbal S***s
alexpasch wrote: Midas
Where I unload on Twits and take verbal S***s
AnonIcelandicBanker
Midas Mulligan Magoo
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Sad but true. I'd love to
nonfatlatte wrote: hmmmm,
Midas Mulligan Magoo
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Btw guys, related to my last
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Pre-nups won't protect you.
AnonIcelandicBanker
Where I unload on Twits and take verbal S***s
Methinks there are some
I think it might be nice to
One of those lights, slightly brighter than the rest, will be my wingtip passing over.
alexpasch wrote: Midas
Where I unload on Twits and take verbal S***s
As a woman this thread is
Easy wrote: [[ So your friend
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Midas Mulligan Magoo
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For me, the big disconnect is
CompBanker
wow, some interesting posts
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What is 6 inches long 2
CompBanker wrote: So, that
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Aggravate wrote: I used to
More is good, all is better
As a very wizened thinker
AnonIcelandicBanker
Where I unload on Twits and take verbal S***s
AnonIcelandicBanker
If I had asked people what they wanted, they would have said faster horses - Henry Ford
CompBanker wrote: For me, the
"Jesus, he's like a gremlin; comes with instructions and shit"
Argonaut wrote: Aggravate
happypantsmcgee
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