Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room

Reply
 
Thread Tools Display Modes
Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
Kind of a mod
 
DaFace's Avatar
 
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $2336899
Investing megathread extravaganza

A place to talk about investing stuff.

Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 51,577
DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.DaFace is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 11:16 AM   #91
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2624734
Quote:
Originally Posted by Halfcan View Post
Lots of Hillbilly millionaires on the Planet.

I think I am going to liquidate my portfolio and buy a field full of junk cars and let them sit until some sucker buys them-that will be a great investment when my property tax bill hits in December. 30 cars at $200 a year property tax=$6,000 loss per year on a depreciating assets.
I am NOT a junk runner. Absolutely the opposite. I'm trying to keep focused on what gives me a return.

However, if you are a junk runner, you don't tag them. And they're also not depreciating if you pay nothing for them.

If you have a field full of $10,000 10 year old cars, yep, you're right. But junk runners don't do that.
Posts: 56,528
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 12:01 PM   #92
SAUTO SAUTO is offline
Shit
 

Join Date: Jun 2008
Casino cash: $10039067
Quote:
Originally Posted by Halfcan View Post
Lots of Hillbilly millionaires on the Planet.

I think I am going to liquidate my portfolio and buy a field full of junk cars and let them sit until some sucker buys them-that will be a great investment when my property tax bill hits in December. 30 cars at $200 a year property tax=$6,000 loss per year on a depreciating assets.
, you are a ****ing idiot that cant figure out how things work, but that is par for the course with you.


thats why you have failed in life...
Posts: 55,715
SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 12:04 PM   #93
SAUTO SAUTO is offline
Shit
 

Join Date: Jun 2008
Casino cash: $10039067
Quote:
Originally Posted by Buehler445 View Post
I am NOT a junk runner. Absolutely the opposite. I'm trying to keep focused on what gives me a return.

However, if you are a junk runner, you don't tag them. And they're also not depreciating if you pay nothing for them.

If you have a field full of $10,000 10 year old cars, yep, you're right. But junk runners don't do that.
im not a "junk runner" either lol. i generally only buy classics and rebuildable ones at that.

but you are totally correct i title them in my name but never tag them. why would I?

i probably turn more profit from that than halfwit does in everything he does in life.
EDIT: most of the classics i'm buying are only gaining value, they only made so many and there are only so many left...


and while typing this i got a call on the 69 camaro. i think its sold tonight. add another 1500 bucks on top of the 10 grand from a $3000 cash and 2 saturdays of work investment, PLUS i still get to keep the truck i wanted and a car hauler trailer and gave another car hauler to the kid who works for me too...

Last edited by SAUTO; 06-28-2016 at 02:47 PM..
Posts: 55,715
SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 12:14 PM   #94
Discuss Thrower Discuss Thrower is offline
"You like to drink?"
 
Discuss Thrower's Avatar
 

Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $3536869
I thought I had a decent idea with an app that those with junk lots can choose to list what they have available parts wise and therefore be matched up with potential buyers. Lo and behold it had already been done. I hate seeing acres of discarded hunks of metal that just sit there for years on end.. just seemed so wasteful.
__________________
Chiefs 2016 Opponents:
Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT
Chiefs 2017 Opponents:
Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
Posts: 42,542
Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.Discuss Thrower is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 12:14 PM   #95
Halfcan Halfcan is offline
In Search of a Life
 
Halfcan's Avatar
 

Join Date: Aug 2005
Casino cash: $7327995
"I reckin' I better sell some more weed so I can buy some barns to store my junk cars in!"

Last edited by Halfcan; 10-17-2017 at 08:40 AM..
Posts: 43,200
Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.Halfcan is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 12:28 PM   #96
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2624734
Quote:
Originally Posted by JASONSAUTO View Post
im not a "junk runner" either lol. i generally only buy classics and rebuildable ones at that.

but you are totally correct i title them in my name but never tag them. why would I?

i probably turn more profit from that than halfwit does in everything he does in life.
I shouldn't say junk runner in reference to the stuff you've posted about. But there are some junk runners around here (my guess is they are actually running JUNK) and not a damned one of them tags them.
Posts: 56,528
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 12:49 PM   #97
SAUTO SAUTO is offline
Shit
 

Join Date: Jun 2008
Casino cash: $10039067
Quote:
Originally Posted by Halfcan View Post
"I reckin' I better sell some more weed so I can buy some barns to store my junk cars in!"
you are a ****ing idiot.
Posts: 55,715
SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 02:23 PM   #98
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
Quote:
Originally Posted by Buehler445 View Post
I'd really recommend doing a balance sheet at FMV.

Assets = Liabilities + Equity.


Organizing it any other way can lead to material misstatement.



Yeah my dad was on the other side of that. I'm not sure if he had any land loans, but I know he had an operating note.

I asked him a couple years ago how the hell he managed to survive that. His answer was legitimately, "I don't know."

Part of the answer was inflation was sky high. Year over year income was increasing dramatically too.

Basically, take all your income, your obligations, your assets, and add a zero to everything year over year, and you sort of get to the same result. Everything is the same, just "more".

The people that got screwed were people that were laid off, or on fixed income, etc., or who were just sitting on cash and not deploying it. Then you get killed becuase costs/expenses are increasing dramatically, but income isn't.
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 43,125
Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 02:27 PM   #99
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
Quote:
Originally Posted by aturnis View Post
Not sure what's high maintenance about making a decision and sticking with it.

Also not sure what's high risk about it.

So you said this:

Quote:
You'll never regret missing out on the small incremental gains of mature business and industries.

Which I read as suggesting that you ivnest in IMMATURE businesses and industries, which necessarily entail higher risk. For ****'s sake, that is precisely WHY you get a higher return, potentially. Because you ARE accepting higher risk.

Which is fine, but it's takes alot more work, patience, effort and knowledge versus, say, putting in a fixed amount every month like clockwork into a total stock index fund, or Vanguard 500 index fund.

I didn't say your approach was invalid, I simply said it's higher risk, higher reward, and higher maintenance. I can't fathom that you disagree.
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 43,125
Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.Amnorix is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 02:30 PM   #100
Buehler445 Buehler445 is offline
Supporter
 
Buehler445's Avatar
 

Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2624734
Quote:
Originally Posted by Amnorix View Post
Part of the answer was inflation was sky high. Year over year income was increasing dramatically too.

Basically, take all your income, your obligations, your assets, and add a zero to everything year over year, and you sort of get to the same result. Everything is the same, just "more".

The people that got screwed were people that were laid off, or on fixed income, etc., or who were just sitting on cash and not deploying it. Then you get killed becuase costs/expenses are increasing dramatically, but income isn't.
Not really. In the 70s it was that way. Inflation is the reason the fed hacked the interest rates through the roof. At the peak of the interest rates, the fed had quite effectively slowed the economy and put a cork in inflation. Then you had the recession. Ag works independently but similar things happened. Land values tanked and all the balance sheet loans that were made in the 80s were suddenly unable to be serviced without the inflation.

Good times had by all. And by all I mean no one.
Posts: 56,528
Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.Buehler445 is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 05:03 PM   #101
R8RFAN R8RFAN is offline
Molôn Labé
 
R8RFAN's Avatar
 

Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
]

Quote:
Originally Posted by Amnorix View Post
You may already know all this, but perhaps not, or perhaps someone else doesn't:

Can I ask if you have a 401(k) option? Especially one that has matching? You don't even have to answer -- just let me say that any kind of matching is FREE money, and you should take it.

Even if there is no match, you should invest in the 401(k). Here's why.

Example A (no 401(K) being used):

Gross pay of $2,000 (other than non-tax deductions like health insurance etc). State and federal taxes reduce that by, say, 20%. Take home $1,600.


Example B (with 401(K):

Gross pay of $2,000 (other than non-tax deductions like health insurance etc.). Put $200 per week into 401(k). Gross pay now $1,800. Pay 20% ($360), so take home is $1,440.

$1,440 plus the $200 in the 401(k) is $1,640. You're $40 ahead.

But here's the real kicker-- the $40 grows tax free in whatever investment you put it in.

You basically can't beat tax-free deductions plus tax-free growth compounding over time. It along with home ownership are the two easiest paths to building wealth in the U.S. due, largely, to our existing tax laws.
Yea I do 10% m ost of the time but when I am making too much money in the year I up it to 25% I have about 250k in my 401 right now. Good advice thanks

Quote:
Originally Posted by scho63 View Post
What age are you? That's probably better than 97% of all other Americans
When I was young I got up to my ass in debt and I didn't like the way it felt so I said never again.. I just don't spend alot of money and I have a wife that is the same way. I live in an average size house in an average neighborhood but the cost of living is lower here than most places ... I have been blessed with health and my family has too, I feel sorry for people who lose it all to medical bills ... I never had to have the best when I bought something but I always tried to buy quality and take care of it. I was lucky to get a good job with a good company that paid well ... LTL Trucking pays good, it's hard work and long hours but it pays good but I know it's not everyones cup of tea.
Posts: 23,164
R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.R8RFAN is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 06:20 PM   #102
tredadda tredadda is offline
Three-Pat
 
tredadda's Avatar
 

Join Date: May 2011
Location: Colorado Springs
Casino cash: $2155053
Quote:
Originally Posted by Baconeater View Post
I have no savings, no 401k, I rent my house and lease my car and I would like to retire next week. Any advice would be appreciated.
Stop doing all of that.
Posts: 16,897
tredadda has disabled reputation
    Reply With Quote
Old 06-28-2016, 06:23 PM   #103
tredadda tredadda is offline
Three-Pat
 
tredadda's Avatar
 

Join Date: May 2011
Location: Colorado Springs
Casino cash: $2155053
Quote:
Originally Posted by Holladay View Post
This is a no brainer buying opportunity. Scrape any extra money and dump it into ANYTHING. When blue jeans go on sale, people buy. When the market goes on sale, people run.
People's reactions to market fluctuations always fascinate me. Only in the market will the average person buy high and sell low.
Posts: 16,897
tredadda has disabled reputation
    Reply With Quote
Old 06-28-2016, 06:32 PM   #104
HonestChieffan HonestChieffan is offline
Seeking the Truth daily
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $2534309
Quote:
Originally Posted by JASONSAUTO View Post
im not a "junk runner" either lol. i generally only buy classics and rebuildable ones at that.

but you are totally correct i title them in my name but never tag them. why would I?

i probably turn more profit from that than halfwit does in everything he does in life.
EDIT: most of the classics i'm buying are only gaining value, they only made so many and there are only so many left...


and while typing this i got a call on the 69 camaro. i think its sold tonight. add another 1500 bucks on top of the 10 grand from a $3000 cash and 2 saturdays of work investment, PLUS i still get to keep the truck i wanted and a car hauler trailer and gave another car hauler to the kid who works for me too...
Im sort of in the market....I just bought a new Chevy 2500 High Country and I love it. But Im leaning toward a "chore truck"..I like the 66 chevy pickup, 71, and 91. single cab short bed 4wd.

Id kill for a 69 mach 1 but wife would kill me.
__________________
“Make no mistake. If you try anything to raise the cost of vishessavatubs, I will veto it.”

- Joe Biden, SOTU 2023
Posts: 53,190
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
    Reply With Quote
Old 06-28-2016, 06:34 PM   #105
SAUTO SAUTO is offline
Shit
 

Join Date: Jun 2008
Casino cash: $10039067
Quote:
Originally Posted by Buehler445 View Post
I shouldn't say junk runner in reference to the stuff you've posted about. But there are some junk runners around here (my guess is they are actually running JUNK) and not a damned one of them tags them.
Yeah I let someone else deal with the junk. I know a couple guys who just junk and I let them come clean up the shit I don't want and give it and the scrap from the shop to them and they clean everything up. Trash too.

Scrap isn't worth my time. I did it myself a couple times and felt like I lost money.
Posts: 55,715
SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.SAUTO is obviously part of the inner Circle.
    Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 05:13 AM.


This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.