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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Personal finance and investing megathread extravaganza

I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.

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Old 07-11-2016, 05:32 PM   #211
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Are you retiring sometime soon?


Ok, I'm not either.
ASAP.
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Old 07-11-2016, 05:43 PM   #212
lewdog lewdog is offline
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Originally Posted by JASONSAUTO View Post
ASAP.
bye jason
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Old 07-11-2016, 05:44 PM   #213
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bye jason
Where are you going?
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Old 07-11-2016, 05:55 PM   #214
lewdog lewdog is offline
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Originally Posted by JASONSAUTO View Post
Where are you going?
You said you're retiring ASAP?
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Old 07-11-2016, 05:58 PM   #215
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Originally Posted by lewdog View Post
You said you're retiring ASAP?
Well where the **** would I be going then?

I mean where I couldn't be on chiefsplanet.com?

But yeah it's gonna be a minute but by the time bubba gets to high school I would like to be at least on the way out.
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Old 07-11-2016, 06:02 PM   #216
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Quote:
Originally Posted by JASONSAUTO View Post
Well where the **** would I be going then?

I mean where I couldn't be on chiefsplanet.com?

But yeah it's gonna be a minute but by the time bubba gets to high school I would like to be at least on the way out.

Tahiti may have bad wifi.
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Old 07-11-2016, 06:04 PM   #217
lewdog lewdog is offline
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Quote:
Originally Posted by JASONSAUTO View Post
Well where the **** would I be going then?

I mean where I couldn't be on chiefsplanet.com?

But yeah it's gonna be a minute but by the time bubba gets to high school I would like to be at least on the way out.
When you say you're retiring, I assumed it was from CP.

I wasn't aware you had a real job. CP seems pretty full time for you. NTTIAWWT.
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Old 07-11-2016, 06:34 PM   #218
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Originally Posted by lewdog View Post
When you say you're retiring, I assumed it was from CP.

I wasn't aware you had a real job. CP seems pretty full time for you. NTTIAWWT.


I work quite a bit, I'm only on during the day while ordering parts or making tickets/estimates.
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Old 07-11-2016, 06:35 PM   #219
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Tahiti may have bad wifi.
We have a child that makes it where we will never be able to get away for more than a week.

And I'm perfectly ok with that.
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Old 07-11-2016, 07:08 PM   #220
Nightfyre Nightfyre is offline
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Are you retiring sometime soon?


Ok, I'm not either.
My plan for my stock market investments is to play the vulture. Right now is the time to be cash rich.
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Old 07-12-2016, 04:52 PM   #221
lewdog lewdog is offline
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My plan for my stock market investments is to play the vulture. Right now is the time to be cash rich.
While we all have different philosophies and needs, based on my limited knowledge, this is a risky and hard strategy to nail. Most studies say trying to "time the market" like this is very hard for the average investor and even for most "pros."

And example is the recent market fluctuations after Brexit. If you went cash heavy after a couple of down days, you sold when the DOW was near 17200. You then missed the current run to 18300. So many panicked and sold lower and if you're wanting to get back into the market now, will buy high. I realize this isn't true for all sectors but just an example of trying to "time the market."

I also am not looking for yearly income currently from any investments like my brokerage account. Doesn't mean with gains I won't sell some things at times, but I am not looking to make yearly moves for income. If I was, I may take more risk to "time the market," but currently that strategy is very risky IMO, or at least I am not comfortable with it.
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Old 07-12-2016, 05:06 PM   #222
Hog's Gone Fishin Hog's Gone Fishin is offline
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I have to share this even though I don't really want to but it's just toooo funny. I bought this penny stock about 3 years ago with a hope of good long term gains. So this company just didn't move up the whole time . in fact it decreased about 50% but I felt like it still had potential. Finally yesterday I had made up my mind I wasn't waiting any longer because I found a real winner I wanted to move that money into so I SOLD. TODAY that company announced a million dollar contract with the US military and the stock moved up 35 %. That's exactly the ****ing news I had been waiting on for the last year. If I had just waited one more ****ing day !
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Old 07-12-2016, 05:17 PM   #223
Hog's Gone Fishin Hog's Gone Fishin is offline
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I have to share this even though I don't really want to but it's just toooo funny. I bought this penny stock about 3 years ago with a hope of good long term gains. So this company just didn't move up the whole time . in fact it decreased about 50% but I felt like it still had potential. Finally yesterday I had made up my mind I wasn't waiting any longer because I found a real winner I wanted to move that money into so I SOLD. TODAY that company announced a million dollar contract with the US military and the stock moved up 35 %. That's exactly the ****ing news I had been waiting on for the last year. If I had just waited one more ****ing day !
So , I have determined the BEST course for long term investment is still real estate. I've bought 90% of my rental properties from sellers that are willing to finance 20% of the property and get the other 80% from the bank. Letting the renters pay of the mortgages while financing 15 year notes. It's solid.
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Old 07-12-2016, 05:35 PM   #224
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So , I have determined the BEST course for long term investment is still real estate. I've bought 90% of my rental properties from sellers that are willing to finance 20% of the property and get the other 80% from the bank. Letting the renters pay of the mortgages while financing 15 year notes. It's solid.
I really think you're right. The challenge is that you have to take a very long-term view, but it seems like it's almost a guaranteed great payoff at the end. I really regret not leveraging myself more to buy rental properties 10 years ago. At my current age, the payoff won't come until I'm in my 70s, and I'm not sure that that's worth the short-term pain now.
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Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
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Old 07-12-2016, 05:45 PM   #225
Hog's Gone Fishin Hog's Gone Fishin is offline
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I really think you're right. The challenge is that you have to take a very long-term view, but it seems like it's almost a guaranteed great payoff at the end. I really regret not leveraging myself more to buy rental properties 10 years ago. At my current age, the payoff won't come until I'm in my 70s, and I'm not sure that that's worth the short-term pain now.
Definitely something you want to get started in early. I've known several real estate investors that complained that they got in too late. You need a solid 20 year plan. I'm 52 and should be retireable from the Hog business by 55 and rely on the rentals. That's why I just play the stock market with expendable money and take it win or lose.

Then I have the stone yard. You buy in stone , double the price and sell it. It doesn't rot and it doesn't eat any feed so it's a nice little source also.
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