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Easy 6 06-18-2016 09:12 AM

Other than the usual monthly bills and a school loan, I dont owe anyone a damn thing... its a beautiful thing

lewdog 06-18-2016 10:09 AM

Quote:

Originally Posted by Mosbonian (Post 12280450)
I am guessing there were a lot of people saying the same thing before 2000 who are now having to postpone retirement because much of what they saved/invested/speculated on either was lost, depreciated, or stolen/defrauded from them.

Not to mention one catastrophic illness away from eating up any savings/investments.

Delayed yes, but if you stay in the market, within 5-6 years you made it back. And with investments, it's not like your taking out all your money out exactly when you retire. You draw it down very slowly so even a market crash like 2008, you could have still done it and came back ahead of your previous high.

We really have no choice though, those of us without pensions that is. Liquids savings just gets eaten up by inflation much too fast to be a retirement option. And those under 35 should not even worry about social security. It's all on you to retire.

Mosbonian 06-18-2016 12:37 PM

Quote:

Originally Posted by lewdog (Post 12280520)
Delayed yes, but if you stay in the market, within 5-6 years you made it back. And with investments, it's not like your taking out all your money out exactly when you retire. You draw it down very slowly so even a market crash like 2008, you could have still done it and came back ahead of your previous high.

We really have no choice though, those of us without pensions that is. Liquids savings just gets eaten up by inflation much too fast to be a retirement option. And those under 35 should not even worry about social security. It's all on you to retire.

There were beatdowns in the market in 2001 and before which affected most people in their late 50's early 60's now. I remember a time where people were told save intelligently in a savings plan, own your home (some even called your home equity your "nest egg") and you will be set. Not anymore....

I fear for my kids more than myself these days......health issues (and watching the Chiefs & Royals) will probably get to me before my money runs out.

BWillie 06-18-2016 04:22 PM

Im glad I got so much bitcoin in the last two yrs. I didnt even want bitcoin, but it was the easiest way to get paid. Its been a pretty good "investment" so to speak in the last two years. I figured it would continue to tank as it got to a high of like $1200 per bitcoin in 2012ish and dropped like a rock after.

EPodolak 06-18-2016 11:34 PM

Quote:

Originally Posted by DaFace (Post 12279926)

Finally, in terms of investments, if you know NOTHING, you can always start with a target date fund. The fees are a little high, but they're managed and will generally keep you pointed in the right direction. A step above that is where I'm at: I'm lazy and go with a three-fund lazy portfolio for the most part. Be wary of "full-service" places - they're great for advice, but they're taking fees out of EVERYTHING, which can add up ENORMOUSLY over time. If you really start to have a feel for what you're doing, you can invest in individual stocks obviously, but 90% of people will just get themselves in trouble doing that IMO.

I'm convinced that these simple index strategies are the best for the vast majority of people, lazy or not. Completely unexciting, but the odds are against beating the market over the long term, it's great that you're figuring this out at your age.

BryanBusby 06-19-2016 02:27 AM

Quote:

Originally Posted by BWillie (Post 12280840)
Im glad I got so much bitcoin in the last two yrs. I didnt even want bitcoin, but it was the easiest way to get paid. Its been a pretty good "investment" so to speak in the last two years. I figured it would continue to tank as it got to a high of like $1200 per bitcoin in 2012ish and dropped like a rock after.

Is there even a point to the bullshit beyond paying for drugs on a silkroad knock off?

rabblerouser 12-05-2016 09:33 PM

Quote:

Originally Posted by R8RFAN (Post 7499017)
You all should listen to a Runaway Child exploiter instead..

Got any new prospects today Dane? Maybe some 16 yr old needs a little pole dancing tips from the expert...

Scumbag

ROFL

Rasputin 12-05-2016 09:40 PM

I'm seeing a bankruptcy lawyer tomorrow I hope it can give me a clean slate I just can't keep up with the debts I got myself into and all the hours at work I do isn't doing me a bit of good when interest eats my paycheck.

Hamwallet 12-05-2016 09:43 PM

DaneMcClouds wife has a BH like a tube of circus peanuts so he has at least $3.50. He isn't broke.... tonight.

New World Order 12-05-2016 09:59 PM

Quote:

Originally Posted by KC Tattoo (Post 12598863)
I'm seeing a bankruptcy lawyer tomorrow I hope it can give me a clean slate I just can't keep up with the debts I got myself into and all the hours at work I do isn't doing me a bit of good when interest eats my paycheck.


I just paid a friend's attorney fee for him to file for bankrupcy.

He seems relieved. Hope it gives you some room to breathe.

Rasputin 12-05-2016 10:06 PM

Quote:

Originally Posted by New World Order (Post 12598893)
I just paid a friend's attorney fee for him to file for bankrupcy.

He seems relieved. Hope it gives you some room to breathe.

Yeah I hope it is too. After talking to him on the phone I felt some relief but it still seems overwhelming to me and going through everything I need is a headache.


I wish life had an easy button like shopping at Staples.

Iowanian 12-05-2016 10:07 PM

Quote:

Originally Posted by Hamwallet (Post 12598865)
DaneMcClouds wife has a BH like a tube of circus peanuts so he has at least $3.50. He isn't broke.... tonight.


I admire the effort at creativity with your insult, however I find it a little "Mediterranean ave with no houses" to take a random pot shot at his Mrs.

Hamwallet 12-05-2016 10:09 PM

Quote:

Originally Posted by Iowanian (Post 12598901)
I admire the effort at creativity with your insult, however I find it a little "Mediterranean ave with no houses" to take a random pot shot at his Mrs.

Well he told me to die of AIDS in my ass. So their.

eDave 12-05-2016 10:16 PM

Quote:

Originally Posted by Hamwallet (Post 12598903)
Well he told me to die of AIDS in my ass. So their.

Still not a shot at your wife. Raw move dude.

SAUTO 12-05-2016 10:19 PM

Quote:

Originally Posted by Hamwallet (Post 12598865)
DaneMcClouds wife has a BH like a tube of circus peanuts so he has at least $3.50. He isn't broke.... tonight.

****ing terrible. Piece of shit thing to do, asshole.


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