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Jesus, I wish I knew what the fuck you guys were talking about.
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They're printing counterfeit money on the VXX Gutenberg Laserjet printer.Originally posted by talisman View PostComment
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I see what you did there...Originally posted by Roscoe View Post
Gotta pay to play...apparently in $10,000 sheets.Comment
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As lucrative as train driving ... choooooooooooooo$$$$$$$$$$$$ chooooooo$$$$$Originally posted by SVT Lurch View PostOriginally posted by davbrucasComment
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the shorts are about to jump off a high bridge!!!Comment
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His great-great-great-great-great grandfather would be so proud.Originally posted by talisman View PostComment
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I just read that and that article makes me so damn depressed. What kind of value do you put on your dollar if you can't spend it until your old, wiry, and crippled? What the hell are you going to buy with that money? Pills and walkers?Originally posted by sc281 View Post
He makes it sound all great that you can turn $1 into $15 when your 65yrs old but really...that's just depressing that he can't figure out a way to spend money on nice things while he's young.2004 Z06 Commemorative Ed.Comment
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When social security drys up, what are you going to do?Originally posted by mschmoyer View PostComment
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I think the point of the exercise is to illustrate how savings compound and grow, not to tell you you have to be just like the author.Originally posted by mschmoyer View PostOriginally posted by davbrucasComment
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Originally posted by mschmoyer View Post
That's not what he was saying...
Why do you have to be old when you spend it? 10-15 years of strict savings and a good financial plan (I think his 7% expectation of growth is a a bit too rosy) could let you live off the investment income and retire from having to work.... forever.Investing
If I instead put that dollar into a diversified stock portfolio, I am still initially losing that $0.20, because I am still paying income tax, but at least now it has the ability to recoup some of that lost value over time. Leaving that $0.80 invested for 10 years, earning the 7% average stock market real rate of return (i.e. after inflation), the dollar will grow to $1.57, which will provide me with $1.45 of value (assuming a 15% capital gains tax).
To me, the prospect of being 35 and fully independent financially for the rest of my life is pretty friggin exciting. I value that more than I would value a new bmw or a bigger house.
To each their own. Most people aren't going to save 75% of income. Most are content working a 35 year career and having the boat, house, and toys, and there is nothing wrong with that. But a lot of people dread having to go to work in the morning and are waiting for an out, and this gives them that out if they are up to it.Last edited by sc281; 06-06-2013, 01:39 PM.Comment
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Sp didn't break the SMA which is good. Maybe a strong rally tomorrow I hope.Comment
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