Money Investing megathread extravaganza - Page 153

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**Munson** · 08-28-2018, 05:29 PM

Only a drug dealer would have that much cash on hand.

eDave · 08-28-2018, 05:32 PM

Quote:

Originally Posted by Munson

Only a drug dealer would have that much cash on hand.

That's SAUTO walking around money.

EPodolak · 08-28-2018, 05:36 PM

Quote:

Originally Posted by Munson

Only a drug dealer would have that much cash on hand.

Could be the gif guy in the OP. Maybe we need a thread about banks.

R8RFAN · 08-28-2018, 05:52 PM

Quote:

Originally Posted by Munson

Only a drug dealer would have that much cash on hand.

It's only about 7k

Hog's Gone Fishin · 08-28-2018, 05:54 PM

Quote:

Originally Posted by R8RFAN

It's only about 7k

Liar, It's a $100 bill with a bunch of ones under it and you borrowed it from your Mom.

R8RFAN · 08-28-2018, 05:58 PM

Quote:

Originally Posted by Hog's Gone Fishin

Liar, It's a $100 bill with a bunch of ones under it and you borrowed it from your Mom.

Look at the blue stripes lined up those are all 100's

**lewdog** · 08-28-2018, 06:12 PM

Quote:

Originally Posted by R8RFAN

I was just sitting on the toilet counting my stash and thought I would take a pic for all you broke dicks who frequent this site

Sitting in that much cash is pretty dumb.

Absolutely no reason to do that. Have your money make more money.

scho63 · 08-28-2018, 06:22 PM

Quote:

Originally Posted by lewdog

Sitting in that much cash is pretty dumb.

Absolutely no reason to do that. Have your money make more money.

I think he takes his drug profits and reinvests in more drugs.

He may know about compounding interest!

**Rain Man** · 08-28-2018, 07:17 PM

Quote:

Originally Posted by displacedinMN

We do not get to pick how the funds in our retirement account. But it pays better than the IRA. time to make a call

I probably don't fully understand your options, but if you've got money in an IRA earning 1.5 percent, presumably it's some sort of CD or something. If that's true, don't put any more money into that and pick pretty much any other option rather than sitting on your toilet holding it in cash.

**DaFace** · 08-28-2018, 07:28 PM

Can we not let R8ers **** up an otherwise really good thread? Kthxbye.

**SAUTO** · 08-28-2018, 07:51 PM

Quote:

Originally Posted by eDave

That's SAUTO walking around money.

. Most days.

I invested in 5 vehicles this week.

2001 Silverado 4x4 128 k. Needs brake lines, nice truck brand new tires.
2003 lesabre 100k needs a 250 dollar trans. Couple hours to replace.
2008 Durango limited 5.7 hemi. Needs a fricking radiator...
2009 4x4 Silverado that needs a bedside and bumper. 175k.
2005 equinox that needs head gaskets. 4hours labor and 200 bucks in parts.

I have 2950.00 in all of them.

The time to buy is when you see it and you make your money when you buy. I don't have stocks. I hustle

**lewdog** · 08-28-2018, 08:05 PM

Quote:

Originally Posted by SAUTO

. Most days.

I invested in 5 vehicles this week.

2001 Silverado 4x4 128 k. Needs brake lines, nice truck brand new tires.
2003 lesabre 100k needs a 250 dollar trans. Couple hours to replace.
2008 Durango limited 5.7 hemi. Needs a fricking radiator...
2009 4x4 Silverado that needs a bedside and bumper. 175k.
2005 equinox that needs head gaskets. 4hours labor and 200 bucks in parts.

I have 2950.00 in all of them.

The time to buy is when you see it and you make your money when you buy. I don't have stocks. I hustle

I bought some Ford stock last month.

You're doing better than me.

Keep hustling man. You've got your shit together.

**Buehler445** · 08-28-2018, 09:10 PM

Quote:

Originally Posted by DaFace

Can we not let R8ers **** up an otherwise really good thread? Kthxbye.

Seconded.

DRU · 08-29-2018, 12:55 AM

Quote:

Originally Posted by Amnorix

Looks like its based on whole life insurance. Uhh, no thanks. Whole (or permanent) life insurance is pretty expensive as an investment vehicle, with a comparatively lousy rate of return. If you're a higher income earner and have maxed out your 401(k), IRAs, etc., and/or have some unique reason to have whole life, then sure, whatever, but for the vast majority of people, I wouldn't bother with it. Term insurance is substantially cheaper.

All that said, I do have a modest amount of whole life, which I got back in like 2000. Now, about 18 years later, the cash value of the policy equals the amount I have paid in premiums. Now, there was the peace of mind of having life insurance in case something happened to me years ago as well, of course, but still, that's a lousy return where the stock market since 2000 is up about a bazillion percent.

I would have been MUCH better if I took like X% of that whole life premium and put it into term insurance, fixed for 20 years, so I would have the same death benefit as with the whole life, and put the rest of it into index mutual funds or something.

The type of plan you got (and most people know of with whole life) is unfortunately not very efficient. The type of policy used with this system is one designed to maximize cash value. For example, My policy had cash value equal to what I paid in premiums in year 4. Every bit of what I put in each year now goes 100% into cash, which earns 5% (contractually guaranteed) uninterrupted compound interest + a dividend that has been paid for over 100 years.

It grows tax free, it comes out tax free any time I want throughout my life, and I can use it on anything I want with no limitations, and it passes on to beneficiaries tax free.

I can be pulled out and used for investments that will earn greater returns while at the same time continuing to earn that 5% + dividend inside the policy. The dollars are working for me in two places at the same time. The policy return is just a nice little tail wind behind any other investment I make with it.

Again, what you said about whole life is the common misunderstanding about it. That design of policy is indeed not good. Properly designed, it's an extremely valuable tool.

No, I'm not an insurance salesman. I'm just somebody who had lots of questions about why Dave Ramsey and others say whole life is so horrible, and others say a "properly designed" policy is so valuable. I studied it a long time, I figured it all out, and it's true. These things rock. I now have 2 policies on myself and one on my wife. I'm able to use the cash I put into them just days after opening them, and use the money while earning interest on it in savings at the same time.

State Farm, All State, American Family, etc. can't do policies like this. It's only available from mutual companies like MassMutual, Penn Mutual, Northwestern Mutual, etc. Many of their reps don't know about it either, or don't like to offer it because the high cash value design eliminates 90% of their commission (which is another area whole life gets a bad rep and this type of policy avoids).

It really is worth a further look. Don't take it from me, but don't let "whole life" scare you away. Study the concept, study the math, and study how it will guarantee you to reach the huge compounded gains you see on compound interest charts since you never have to use your actual money to buy stuff. Your money sits there untouched, earning interest the whole time, and turns into tax free income whenever you want to start using it that way.

Until then, you can use it for cars, taxes, vacations, holidays, weddings, college, etc. And of course, cash flowing investments that are super-charged by the extra return you get from the policy. You'll never have limitations on how much you can put in, and you'll never have limitations on how much you can take out, when you can take it out, or what you can use it for. It grows tax free and comes out tax free. There's really nothing else like it, but people get scared away as soon as they see "whole life". It's a shame.

The death benefit is secondary to a design like this, but with the maximized cash value buying up paid up additions every year you end up with a massive death benefit, which again gets paid down to your family tax free. This could go into a trust that could pay premiums on similar policies for everybody else in the family, and now you are the Rothschilds. It can go on forever, and the "family bank" can spit out cash like crazy year in and year out forever.

R8RFAN · 08-29-2018, 10:13 AM

Quote:

Originally Posted by DaFace

Can we not let R8ers **** up an otherwise really good thread? Kthxbye.

sorry I hit too close to home with that broke dick comment, I sorry

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $6899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,565

08-28-2018, 05:29 PM	#2281
Munson Roy E. Join Date: Sep 2005 Location: Olathe, KS Casino cash: $10009646	Only a drug dealer would have that much cash on hand.
Posts: 23,162

08-28-2018, 07:28 PM	#2290
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $6899	Can we not let R8ers **** up an otherwise really good thread? Kthxbye.
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