Sep-16-2017 01:02 PM
Sep-20-2017 09:01 AM
TomG2 wrote:Suggesting that a retiree has to finance a truck means that retiree didn't do enough financial planning before he retired.
Suggesting that a 74 year old retiree save $600/month for five years so he can buy a 2022 pickup seems a little strange to me.
Sep-19-2017 09:09 AM
Sep-19-2017 09:01 AM
Sep-18-2017 07:08 PM
mike-s wrote:So that money you been saving in the bank since 2001 so you could pay cash, that's been earning a paltry 0.1 percent dividend must be worth almost nothing adjusted for inflation. While the price of that new truck goes up year after year by the rate of inflation plus some more just for good measure.
If that's the metric, DJI was at the same point in November 2011 as in January 2001 (dividends reinvested, inflation adjusted).
Sep-18-2017 05:55 PM
TomG2 wrote:
Suggesting that a 74 year old retiree save $600/month for five years so he can buy a 2022 pickup seems a little strange to me. Who cares if it costs him a few dollars in interest if he has one hundred thousand dollars worth of fun during those five years? These things always come down to "I am smart because I have money". Congratulations. It is one thing to put off having a good time when one is thirty, another when they are seventy.
Sep-18-2017 05:42 PM
troubledwaters wrote:If that's the metric, DJI was at the same point in November 2011 as in January 2001 (dividends reinvested, inflation adjusted).
Seriously?
At it's lowest point DJIA went from 10,300 down to 7,500.
Within a year it was back to 10,300
Today it's at 22,331
I'm a masochist, zo please tell me again how I took a beating.
Sep-18-2017 03:56 PM
mike-s wrote:Seriously?troubledwaters wrote:So, how did that work out for you in 2000-2003, or 2008?mike-s wrote:You're right it's not fixed. Actually, over the first 3 quarters of this year it's over 12% and I still have 1 quarter to go. Your one size fits is alright by me, but I'm sure you won't mind if I don't follow your advice.troubledwaters wrote:That 4.5% is fixed. Where are you getting a fixed (risk free) return of 9.5%, and have you deducted taxes to calculate that return?...
I love these one size fits all answers. That allows me to borrow other peoples money at 4.5% while keeping my money invested at 9.5%.
Sep-18-2017 01:52 PM
troubledwaters wrote:So, how did that work out for you in 2000-2003, or 2008?mike-s wrote:You're right it's not fixed. Actually, over the first 3 quarters of this year it's over 12% and I still have 1 quarter to go. Your one size fits is alright by me, but I'm sure you won't mind if I don't follow your advice.troubledwaters wrote:That 4.5% is fixed. Where are you getting a fixed (risk free) return of 9.5%, and have you deducted taxes to calculate that return?...
I love these one size fits all answers. That allows me to borrow other peoples money at 4.5% while keeping my money invested at 9.5%.
Sep-18-2017 01:09 PM
mike-s wrote:You're right it's not fixed. Actually, over the first 3 quarters of this year it's over 12% and I still have 1 quarter to go. Your one size fits is alright by me, but I'm sure you won't mind if I don't follow your advice.troubledwaters wrote:That 4.5% is fixed. Where are you getting a fixed (risk free) return of 9.5%, and have you deducted taxes to calculate that return?...
I love these one size fits all answers. That allows me to borrow other peoples money at 4.5% while keeping my money invested at 9.5%.
Sep-18-2017 09:57 AM
troubledwaters wrote:That 4.5% is fixed. Where are you getting a fixed (risk free) return of 9.5%, and have you deducted taxes to calculate that return?
I love these one size fits all answers. That allows me to borrow other peoples money at 4.5% while keeping my money invested at 9.5%.
Sep-18-2017 09:52 AM
Sep-18-2017 09:09 AM
Jayco-noslide wrote:I love these one size fits all answers. That allows me to borrow other peoples money at 4.5% while keeping my money invested at 9.5%.
The 3rd and best option to leasing or buying (with a loan) is to buy and pay cash. No monthly payments, no interest. It benefits in ways you don't anticipate until you do it. Start by buying only what you can pay for up front, then save every month toward next vehicle. Don't listen to the financial people who will tell you borrowing is not only OK but that it's a good thing. Wrong except maybe for a home. See Dave Ramsey for more.
Sep-18-2017 09:00 AM
Sep-18-2017 08:27 AM
Sep-18-2017 05:58 AM