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Financial Advice
- Thread starter The Prowler
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Thanks for the reminder, I need to put my Buffalo Skin Coat in cold storage for the summer.
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OP why don't you invest in some Rogaine!
OP
OP
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The TSX is going crazy.
Up 5.74% this past month.
I do invest in NYSE stock too. I am going to buy another $25-30K of Rio Tinto soon. You do not want to hear how much of it I already own....
Up 5.74% this past month.
I do invest in NYSE stock too. I am going to buy another $25-30K of Rio Tinto soon. You do not want to hear how much of it I already own....
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I wouldn't buy it at this point @The Prowler. As a rule I try to avoid buying anything too high especially when it has shot up so fast.
If it's gone up, good on you.
But anything which goes up dramatically in price in such a short time tends to drop or correct slightly later on. If it doesn't then it will flatline at some point.
If I were going to keep the stock I'd be inclined to sell some as well & keep the profits.
You don't get a bumper crop every year either.
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While I'm interested in the stock market I'd rather wait until next year @The Prowler
I could deploy at least $100,000 if I wanted to.
Keep in mind that this is an election year in the US. So this will skew the markets quite a bit. The US Fed & whichever party is in power prime pumps the economy & dresses it up to make it look better than it actually is. Therefore I plan to wait until 2025 until the dust settles & there is a clearer picture where the markets are headed.
Yes it has been a good year for some stocks. But a good year is often followed by a slower year next. While I'm not suggesting there will be a correction or crash, I'd rather wait. But that's just my pov.
Why bother buying now when it could be cheaper next year?
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OP
OP
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OP
OP
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"Waaah stop talking about my car that I can't shut up about!!!"
OP
OP
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OP
OP
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Hey @Admin. , I see you wanted to chat about my finances in the Live Chat.
I did dip into a line of credit by about $60K that lasted about 5 months when I bought my 2023 C8 Corvette. I was waiting for a good time to sell some investments to pay for it, and it took a few days over 5 months until I did. That is the first time I have paid interest in years, but it worked out better than if I liquidated my investments at the time of purchase, as I earned more in the investments over that time than it cost me in interest.
I have a line of credit for $188,775 that uses my house as collateral. We could renegotiate it for a lot more now that real estate has gone so high, but we have no need. So there was no need to take a car loan; as far as the dealership was concerned, we just gave them a bank draft.
Also, you talked about high insurance rates due to the ticket that you assumed I got. I did not get a ticket after getting pulled over in the video you saw. You just assumed that I would, but you assumed wrong. We are paying $123/month for insurance for our two vehicles, our house, and our trailer. But that might be skewed because of some changes we made...I am not sure, I just know in June and July we paid $123.04 each month.
What else was there?
Oh, property tax. I just looked it up. We paid $6096 in 2023. I know it has gone up for 2024, but I am not sure how much. It just comes out of our bank account automatically 3 times a year.
Next time just ask, @Admin. I do not mind talking about finances.
I did dip into a line of credit by about $60K that lasted about 5 months when I bought my 2023 C8 Corvette. I was waiting for a good time to sell some investments to pay for it, and it took a few days over 5 months until I did. That is the first time I have paid interest in years, but it worked out better than if I liquidated my investments at the time of purchase, as I earned more in the investments over that time than it cost me in interest.
I have a line of credit for $188,775 that uses my house as collateral. We could renegotiate it for a lot more now that real estate has gone so high, but we have no need. So there was no need to take a car loan; as far as the dealership was concerned, we just gave them a bank draft.
Also, you talked about high insurance rates due to the ticket that you assumed I got. I did not get a ticket after getting pulled over in the video you saw. You just assumed that I would, but you assumed wrong. We are paying $123/month for insurance for our two vehicles, our house, and our trailer. But that might be skewed because of some changes we made...I am not sure, I just know in June and July we paid $123.04 each month.
What else was there?
Oh, property tax. I just looked it up. We paid $6096 in 2023. I know it has gone up for 2024, but I am not sure how much. It just comes out of our bank account automatically 3 times a year.
Next time just ask, @Admin. I do not mind talking about finances.
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I must have been drunk at the time, could you remind me of this? Thanks, eh.
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...Not according to this man:
During his life, Charlie Munger became a billionaire but he said the first $100,000 was the most difficult for him to obtain Lex @The Prowler.
As you're probably aware, he was Warren Buffet's Right Hand Man. But he wasn't always rich. He started off with relatively little.
Truth be known, I could deploy $200,000 or $300,000 for starters, but I'd rather start off slowly, eh Lex?
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But keep in mind that one day your late model Corvette will only be worth $10,000 Lex @The Prowler.
That day is coming so I hope you look forward to the day when the reality hits you in the face like a brick, Lex.
But at least You'll have an expensive paperweight one day Lex.
I'm delighted by your expensive maintenance and high fuel bills as well Lex. Corvettes aren't exactly known for being economical on fuel eh?
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Bald Men driving a Corvette screams...
"I wanna be young again! Make me young again, Corvette! Gotta push hard down on the gas pedal & rev my engine!"
OP
OP
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Sure....
Interesting that you get drunk and start to ramble on about me....
BTW, you sent me 3 PMs asking for a picture of my cock too, but that happens most days....
OP
OP
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What is wrong with that guy?
OP
OP
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OP
OP
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OP
OP
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I think it is a combination of wanting me in a very gay way, being really stupid, and getting bitch-slapped constantly on a message board that he is addicted to....
It has all led to his current state.
OP
OP
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I don’t take financial advice from men who play it “safe”
My father and my grandfathers married women out of their league…. and I’m all the richer for it.
Booo yeah!
My father and my grandfathers married women out of their league…. and I’m all the richer for it.
Booo yeah!
OP
OP
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If you are rich, you are a perfect example of someone who has had it easy, yet still made a mess of things.
You should have followed in your mother's footsteps and married a man who would not get sick and tired of you, fuck around on you, and then dump your sorry ass.
Time for a drink?
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