Personal Finance Advice and Education! (9 Viewers)

[KCitons]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

 

[ghostguy123]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

She DID have it. She had a LOT OF MONEY in her portfolio at the time prior to swapping into money market.

If that isn't "having" money, what the hell do you call it??

She "saved" a rather large amount of money at the time, in the hundreds of thousands range. After she moved her money back into other investments, she likely has damn near half a million or even close a million dollars more than she would have had if she never swapped into money market and then back into other investments.

No idea how I can say this any different.

 

[FUBAR]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here. A: If she put 1M in bonds and made nothing but lost nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

 

[ghostguy123]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here.A: If she put 1M in bonds and made nothing but last nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

Thanks. I didnt think what i said was very hard to comprehend.

She saved X amount of dollars.

Then after reinvesting she had that extra X amount of dollars plus whatever that X amount has earned since 2009, which is a lot. Call that Y. X plus Y = a hell of a lot of money in her account right now.

She retired well before she would have.

For the love of christ I feel stupid for even entertaining this so long, done, promise. Sorry for wasting time for some people. God

 

[Doctor Detroit]

A lot of the people who lost their asses in 2008 never came back into the market, or at least to the degree they were invested prior to the crash. If you invested $10k in the S&P 500 in 2005 you have north of $23k now, and you were at about $7k in early 2009. Some guy I work with with went to all treasuries last year because he thought the market was going to crash, while the S&P has been up 9.5% since. He has more money than me and he can do what the hell he wants with it, but I think timing the market is probably worse than constantly shifting your investment strategy. The way I see it, you're still invested.

 

[FUBAR]

A lot of the people who lost their asses in 2008 never came back into the market, or at least to the degree they were invested prior to the crash. If you invested $10k in the S&P 500 in 2005 you have north of $23k now, and you were at about $7k in early 2009. Some guy I work with with went to all treasuries last year because he thought the market was going to crash, while the S&P has been up 9.5% since. He has more money than me and he can do what the hell he wants with it, but I think timing the market is probably worse than constantly sighted your investment strategy. The way I see it, you're still invested.

You work with lhucks?

 

[Doctor Detroit]

A lot of the people who lost their asses in 2008 never came back into the market, or at least to the degree they were invested prior to the crash. If you invested $10k in the S&P 500 in 2005 you have north of $23k now, and you were at about $7k in early 2009. Some guy I work with with went to all treasuries last year because he thought the market was going to crash, while the S&P has been up 9.5% since. He has more money than me and he can do what the hell he wants with it, but I think timing the market is probably worse than constantly sighted your investment strategy. The way I see it, you're still invested.

You work with lhucks?

I think more people do that you know than you'd think. Investing spooks the hell out of people because they don't understand it, kinda like The Holy Ghost.

 

[FUBAR]

A lot of the people who lost their asses in 2008 never came back into the market, or at least to the degree they were invested prior to the crash. If you invested $10k in the S&P 500 in 2005 you have north of $23k now, and you were at about $7k in early 2009. Some guy I work with with went to all treasuries last year because he thought the market was going to crash, while the S&P has been up 9.5% since. He has more money than me and he can do what the hell he wants with it, but I think timing the market is probably worse than constantly sighted your investment strategy. The way I see it, you're still invested.

You work with lhucks?

I think more people do that you know than you'd think. Investing spooks the hell out of people because they don't understand it, kinda like The Holy Ghost.

true. even those who do understand the basic concepts can have a difficult time actually committing to it. Even many of my lawyer friends don't have much in investments, although we are expecting a pension.

 

[KCitons]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here.A: If she put 1M in bonds and made nothing but lost nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

I fully understand what she did. But you forgot option C. She left her 1M alone in stocks when the market dropped. Where would she be today? That 300k you are referring to has come back for those that stayed in the market. The people that are complaining about losses are those that sold low and never re-entered, re-entered too late (why you don't try to time the market), or the re-entered into a different sector.

She never lost anything, her balance never decreased. I mentioned a couple of months ago about missing an opportunity to invest in my current company. Since I didn't invest a penny, did I lose money since the stock doubled?

 

[FUBAR]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here.A: If she put 1M in bonds and made nothing but lost nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

I fully understand what she did. But you forgot option C. She left her 1M alone in stocks when the market dropped. Where would she be today? That 300k you are referring to has come back for those that stayed in the market. The people that are complaining about losses are those that sold low and never re-entered, re-entered too late (why you don't try to time the market), or the re-entered into a different sector.She never lost anything, her balance never decreased. I mentioned a couple of months ago about missing an opportunity to invest in my current company. Since I didn't invest a penny, did I lose money since the stock doubled?

GG said a few times that she reinvested. Maybe it wasn't at the exact bottom but presumably it was before it reached back to its previous high. You lost an opportunity to make money. So you have less than you could have made. Whether you call that a loss is up to you. Did you follow your investing plan which caused you to not invest or were you just scared to invest where you work?

Your argument seems to border on the same logic that if person A never invests in the market at all, he never lost anything. If not, help us see the difference.

 

[NutterButter]

This sounds like stories that people tell you of how much them won at the casino one night failing to mention the money they lost all the other nights. So maybe she got luckily pulling out and getting back in that time. She probably also bailed a bunch of other times missing big run ups like when Obama got re-elected and all the talk was how the market would crash or when there was the debt ceiling stand off or a bunch of other times.

 

[proteus126]

To my recollection, I tried to "time" the market 2 times.

April '97 moved my 401k from diversified to 100% T Rowe Price Sci & Tech fund. It went up a lot over the next 6 months - perhaps 50%. I can't remember when/if I spread it back out into a diversified grouping. I was 27, we aren't talking a lot of money.

Feb '13 I was pretty sure the market was due for a correction. Moved a good chunk of change into the "G" fund in my federal TSP. Boy was that dumb. After 6 months of watching the S&P go up up up, I threw in the towel and went back to my normal broad asset allocation.

Never again. I don't know what I'm doing.

 

[KCitons]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here.A: If she put 1M in bonds and made nothing but lost nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

I fully understand what she did. But you forgot option C. She left her 1M alone in stocks when the market dropped. Where would she be today? That 300k you are referring to has come back for those that stayed in the market. The people that are complaining about losses are those that sold low and never re-entered, re-entered too late (why you don't try to time the market), or the re-entered into a different sector.She never lost anything, her balance never decreased. I mentioned a couple of months ago about missing an opportunity to invest in my current company. Since I didn't invest a penny, did I lose money since the stock doubled?

GG said a few times that she reinvested. Maybe it wasn't at the exact bottom but presumably it was before it reached back to its previous high.You lost an opportunity to make money. So you have less than you could have made. Whether you call that a loss is up to you. Did you follow your investing plan which caused you to not invest or were you just scared to invest where you work?

Your argument seems to border on the same logic that if person A never invests in the market at all, he never lost anything. If not, help us see the difference.

I didn't invest in the company I work for because it became an argument with the wife. Next time I will ask for forgiveness, instead of asking permission.

You are correct, if a person doesn't invest in the market, they can't lose anything that they currently own. But, based on your argument, I've lost money in IBM, Microsoft, and Apple because my investment strategy since birth missed out on those opportunities. I don't see those as losses.

I get the feeling GG is using this lady's success as a road map to his own early retirement. And the wording he is using is misleading. At best she would have missed potential gains. Since nobody has a crystal ball, you can't lose something that is not guaranteed.

You never responded to my point about option C. If she had left her investments alone in 2008 and the market recovered to exactly where she was, has she lost, gained, or stayed the same?

 

[Sand]

I think it's easier to pull out when it's high than pull the trigger on getting back in when it's down. I think we all know people that pulled out around 2008 but still haven't got back in.

It has and it is worse, as we have had some real crashes. Having said that the market goes up about 70% of the time, so exposure to the market is important and your chances of hitting those big green days are higher.

My point was there is something to be said for capital preservation. I don't think going to cash is a great strategy, but there are many, many worse ones.

 

[Doctor Detroit]

I think it's easier to pull out when it's high than pull the trigger on getting back in when it's down. I think we all know people that pulled out around 2008 but still haven't got back in.

It has and it is worse, as we have had some real crashes. Having said that the market goes up about 70% of the time, so exposure to the market is important and your chances of hitting those big green days are higher.

My point was there is something to be said for capital preservation. I don't think going to cash is a great strategy, but there are many, many worse ones.

Like a boat? Non-traded REITs? Solid gold chandelier?

 

[FUBAR]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here.A: If she put 1M in bonds and made nothing but lost nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

I fully understand what she did. But you forgot option C. She left her 1M alone in stocks when the market dropped. Where would she be today? That 300k you are referring to has come back for those that stayed in the market. The people that are complaining about losses are those that sold low and never re-entered, re-entered too late (why you don't try to time the market), or the re-entered into a different sector.She never lost anything, her balance never decreased. I mentioned a couple of months ago about missing an opportunity to invest in my current company. Since I didn't invest a penny, did I lose money since the stock doubled?

GG said a few times that she reinvested. Maybe it wasn't at the exact bottom but presumably it was before it reached back to its previous high.You lost an opportunity to make money. So you have less than you could have made. Whether you call that a loss is up to you. Did you follow your investing plan which caused you to not invest or were you just scared to invest where you work?

Your argument seems to border on the same logic that if person A never invests in the market at all, he never lost anything. If not, help us see the difference.

I didn't invest in the company I work for because it became an argument with the wife. Next time I will ask for forgiveness, instead of asking permission.You are correct, if a person doesn't invest in the market, they can't lose anything that they currently own. But, based on your argument, I've lost money in IBM, Microsoft, and Apple because my investment strategy since birth missed out on those opportunities. I don't see those as losses.

I get the feeling GG is using this lady's success as a road map to his own early retirement. And the wording he is using is misleading. At best she would have missed potential gains. Since nobody has a crystal ball, you can't lose something that is not guaranteed.

You never responded to my point about option C. If she had left her investments alone in 2008 and the market recovered to exactly where she was, has she lost, gained, or stayed the same?

You know the answer to C. We all do.

But that's not what GG said happened.

If your point is simply that timing the market is a bad bet, we agree. If it's that those who prioritize not losing money over making it will lose over time, we again agree.

I sort of bet against the market a couple years ago by paying cash for my suv and paying off the loan on my wife's van instead of keeping that money invested. We also paid cash for land back in 09, in hindsight all of this may have been a mistake. But we're here, a good amount in the market, no debt, and land we plan to build on in a few years.

 

[Sand]

I think it's easier to pull out when it's high than pull the trigger on getting back in when it's down. I think we all know people that pulled out around 2008 but still haven't got back in.

It has and it is worse, as we have had some real crashes. Having said that the market goes up about 70% of the time, so exposure to the market is important and your chances of hitting those big green days are higher.

My point was there is something to be said for capital preservation. I don't think going to cash is a great strategy, but there are many, many worse ones.

Like a boat? Non-traded REITs? Solid gold chandelier?

This, for starters.

Non-traded REITS, penny stocks, 100% stock allocation, Lord Abbott Funds, and the list goes on.

Actually, I'd put physical gold at the top of the list. Particularly (but not limited to) the overpriced historical coinage they sell (and people like Glenn Beck hawk) are the height of stupidity. Bullion is not quite as bad, but still bad. Horrible investment.

 

[KCitons]

I think it's easier to pull out when it's high than pull the trigger on getting back in when it's down. I think we all know people that pulled out around 2008 but still haven't got back in.

It has and it is worse, as we have had some real crashes. Having said that the market goes up about 70% of the time, so exposure to the market is important and your chances of hitting those big green days are higher.

My point was there is something to be said for capital preservation. I don't think going to cash is a great strategy, but there are many, many worse ones.

Like a boat? Non-traded REITs? Solid gold chandelier?

This, for starters.

Non-traded REITS, penny stocks, 100% stock allocation, Lord Abbott Funds, and the list goes on.

Actually, I'd put physical gold at the top of the list. Particularly (but not limited to) the overpriced historical coinage they sell (and people like Glenn Beck hawk) are the height of stupidity. Bullion is not quite as bad, but still bad. Horrible investment.

No mention of wheat pennies. I'm golden.

 

[ghostguy123]

This sounds like stories that people tell you of how much them won at the casino one night failing to mention the money they lost all the other nights. So maybe she got luckily pulling out and getting back in that time. She probably also bailed a bunch of other times missing big run ups like when Obama got re-elected and all the talk was how the market would crash or when there was the debt ceiling stand off or a bunch of other times.

Nope. Was the only move she ever made up to that point. Was in a target date fund her entire career until her son made her swap.

It happens

In this case it happened. Makes no sense people are not getting it.

 

[ghostguy123]

Because you keep saying she saved hundreds of thousands of dollars. You have to have it to save it. Why do you have such a hard time understanding that?

I'm lost here.A: If she put 1M in bonds and made nothing but lost nothing

B: If she put 1M in stocks and lost 300k

By doing A, she saved 300k. She didn't make it but she saved it. Lucky, but that one time it worked (as opposed to the many times it doesn't)

I fully understand what she did. But you forgot option C. She left her 1M alone in stocks when the market dropped. Where would she be today? That 300k you are referring to has come back for those that stayed in the market. The people that are complaining about losses are those that sold low and never re-entered, re-entered too late (why you don't try to time the market), or the re-entered into a different sector.She never lost anything, her balance never decreased. I mentioned a couple of months ago about missing an opportunity to invest in my current company. Since I didn't invest a penny, did I lose money since the stock doubled?

GG said a few times that she reinvested. Maybe it wasn't at the exact bottom but presumably it was before it reached back to its previous high.You lost an opportunity to make money. So you have less than you could have made. Whether you call that a loss is up to you. Did you follow your investing plan which caused you to not invest or were you just scared to invest where you work?

Your argument seems to border on the same logic that if person A never invests in the market at all, he never lost anything. If not, help us see the difference.

I didn't invest in the company I work for because it became an argument with the wife. Next time I will ask for forgiveness, instead of asking permission.You are correct, if a person doesn't invest in the market, they can't lose anything that they currently own. But, based on your argument, I've lost money in IBM, Microsoft, and Apple because my investment strategy since birth missed out on those opportunities. I don't see those as losses.

I get the feeling GG is using this lady's success as a road map to his own early retirement. And the wording he is using is misleading. At best she would have missed potential gains. Since nobody has a crystal ball, you can't lose something that is not guaranteed.

You never responded to my point about option C. If she had left her investments alone in 2008 and the market recovered to exactly where she was, has she lost, gained, or stayed the same?

Your option C didnt happen. Why keep bringing it up?

 

[xulf]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

 

[Juxtatarot]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

Well, it's a lot higher than .00001.

 

[ghostguy123]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

I dont. Never said i did. I mentioned it and several people chimed in. I responded. Simple.Quick question though. Does it matter that i dont know ####?? I am not making this decision on my own at all.

 

[KCitons]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

I dont. Never said i did. I mentioned it and several people chimed in. I responded. Simple.Quick question though. Does it matter that i dont know ####?? I am not making this decision on my own at all.

But, you're still the one making the decision. Correct? Either way, it doesn't effect me. Good Luck with your move. I hope it works out for you.

 

[ghostguy123]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

I dont. Never said i did. I mentioned it and several people chimed in. I responded. Simple.Quick question though. Does it matter that i dont know ####?? I am not making this decision on my own at all.

But, you're still the one making the decision. Correct? Either way, it doesn't effect me. Good Luck with your move. I hope it works out for you.

If Corky takes the advise of a genius does it make it a bad decision for Corky but not the genius?

Weird logic

 

[KCitons]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

I dont. Never said i did. I mentioned it and several people chimed in. I responded. Simple.Quick question though. Does it matter that i dont know ####?? I am not making this decision on my own at all.

But, you're still the one making the decision. Correct? Either way, it doesn't effect me. Good Luck with your move. I hope it works out for you.

If Corky takes the advise of a genius does it make it a bad decision for Corky but not the genius?

Weird logic

There's a fine line between genius and insanity, Corky.

 

[Doctor Detroit]

This thread isn't very good anymore.

 

[wilked]

This thread isn't very good anymore.

Check who the highest poster in the thread is...

 

[FUBAR]

Nobody cares about one person who did one thing and it worked. That's a .00001% chance. Why do you think you can recreate that when you admittedly don't know ####?

I dont. Never said i did. I mentioned it and several people chimed in. I responded. Simple.Quick question though. Does it matter that i dont know ####?? I am not making this decision on my own at all.

But, you're still the one making the decision. Correct? Either way, it doesn't effect me. Good Luck with your move. I hope it works out for you.

If Corky takes the advise of a genius does it make it a bad decision for Corky but not the genius?

Weird logic

As an attorney, I provide the best advice I can. In the end, it's my client's decision to make. If I give bad advice and my client follows it, he's still made the bad decision. So yes, in this case (assuming this is a bad decision), you're making the bad decision.

 

[ghostguy123]

As an attorney, I provide the best advice I can. In the end, it's my client's decision to make. If I give bad advice and my client follows it, he's still made the bad decision. So yes, in this case (assuming this is a bad decision), you're making the bad decision.

Then so is he. He is doing the same thing. We are both making bad decisions then. But mine is a worse decision than his??

Another day like today and I probably just swap back in anyway................or maybe I just listen to him instead

 

[FUBAR]

As an attorney, I provide the best advice I can. In the end, it's my client's decision to make. If I give bad advice and my client follows it, he's still made the bad decision. So yes, in this case (assuming this is a bad decision), you're making the bad decision.

Then so is he. He is doing the same thing. We are both making bad decisions then. But mine is a worse decision than his??

Another day like today and I probably just swap back in anyway................or maybe I just listen to him instead

his is based on his own knowledge, experience and "expertise".

yours is based on following a person you apparently trust.

It's the same decision so I'm not about to call one worse than the other, but in general, if I'm going to go against the collective wisdom of many people I know and respect, it will be because of something I personally believe, as opposed to one other person's opinion.

 

[Dentist]

This thread isn't very good anymore.

Check who the highest poster in the thread is...

how do you check things like that?

 

[General Malaise]

This thread isn't very good anymore.

Check who the highest poster in the thread is...

how do you check things like that?

Member name Posts ghostguy123 81 Dentist 68 wilked 63 FUBAR 62 Random 56 No. 16 45 Doctor Detroit 43 NutterButter 37 John Bender 37 Bucky86 35 Tiger Fan 32 NewlyRetired 29 Chadstroma 25 Steve Tasker 23 KCitons 23 mquinnjr 20 Sand 19 RUSF18 17 Slapdash 16 fred_1_15301 14 rascal 13 xulf 12 General Malaise 11 Gamma1210 11 Gawain 11 Dr. No 10 eoMMan 9 Mystery Achiever 9 fatguyinalittlecoat 8 Grahamburn 8 proteus126 8 matttyl 8 Binky The Doormat 7 siffoin 7 humpback 7 belljr 7 fourd 7 Balco 6 Vincesanity 6 sbonomo 6 Wooderson 6 DocHolliday 6 Walking Boot 6 Otis 5 Cliff Clavin 5 ZenMaster 5 Rick James 4 Abraham 4 chet 4 tommyGunZ 4 GoBirds 4 Mario Kart 4 matuski 4 Sarnoff 4 Hinezer 4 Long Ball Larry 4 stubby 3 IvanKaramazov 3 sports_fan 3 GDogg 3 Buck Bradcanon 3 ODoyleRules 2 Polish Hammer 2 bushdocda 2 Steeler 2 metoo 2 Juxtatarot 2 Tuco 2 inca911 2 thecatch 2 GoodLloydHaveMercy 2 dino259 2 PinkydaPimp 2 NajehHejan 2 Mr. Yuk 2 rick6668 2 ajm27501 1 Worm 1 guru_007 1 The Tick 1 iamsmilin 1 Miscellaneous 1 JFT Ben 1 Tom Hagen 1 Dr. Awesome 1 Britney Spears 1 Andrew74 1 Paulymaggs 1 ConstruxBoy 1 george 1 Buddy Ball 2K3 1 pecorino 1 honky kong 1 BusMan 1 SeveredHorseHeads 1 Arid Filch 1 Harry Manback 1 Topes 1 Kenny Powers 1 DA RAIDERS 1 gmbacm 1 Truman 1 rabidfireweasel 1 scientist 1 SpurrierisisGod 1 Banger 1 Punchie 1 urbanhack 1 jb1020 1 tommyboy 1 saintfool 1 STEADYMOBBIN 22 1 lumpy19 1 Orange&Blue 1 slackjawedyokel 1 tonydead 1

 

[Dentist]

This thread isn't very good anymore.

Check who the highest poster in the thread is...

how do you check things like that?

Member name Posts ghostguy123 81 Dentist 68 wilked 63 FUBAR 62 Random 56 No. 16 45 Doctor Detroit 43 NutterButter 37 John Bender 37 Bucky86 35 Tiger Fan 32 NewlyRetired 29 Chadstroma 25 Steve Tasker 23 KCitons 23 mquinnjr 20 Sand 19 RUSF18 17 Slapdash 16 fred_1_15301 14 rascal 13 xulf 12 General Malaise 11 Gamma1210 11 Gawain 11 Dr. No 10 eoMMan 9 Mystery Achiever 9 fatguyinalittlecoat 8 Grahamburn 8 proteus126 8 matttyl 8 Binky The Doormat 7 siffoin 7 humpback 7 belljr 7 fourd 7 Balco 6 Vincesanity 6 sbonomo 6 Wooderson 6 DocHolliday 6 Walking Boot 6 Otis 5 Cliff Clavin 5 ZenMaster 5 Rick James 4 Abraham 4 chet 4 tommyGunZ 4 GoBirds 4 Mario Kart 4 matuski 4 Sarnoff 4 Hinezer 4 Long Ball Larry 4 stubby 3 IvanKaramazov 3 sports_fan 3 GDogg 3 Buck Bradcanon 3 ODoyleRules 2 Polish Hammer 2 bushdocda 2 Steeler 2 metoo 2 Juxtatarot 2 Tuco 2 inca911 2 thecatch 2 GoodLloydHaveMercy 2 dino259 2 PinkydaPimp 2 NajehHejan 2 Mr. Yuk 2 rick6668 2 ajm27501 1 Worm 1 guru_007 1 The Tick 1 iamsmilin 1 Miscellaneous 1 JFT Ben 1 Tom Hagen 1 Dr. Awesome 1 Britney Spears 1 Andrew74 1 Paulymaggs 1 ConstruxBoy 1 george 1 Buddy Ball 2K3 1 pecorino 1 honky kong 1 BusMan 1 SeveredHorseHeads 1 Arid Filch 1 Harry Manback 1 Topes 1 Kenny Powers 1 DA RAIDERS 1 gmbacm 1 Truman 1 rabidfireweasel 1 scientist 1 SpurrierisisGod 1 Banger 1 Punchie 1 urbanhack 1 jb1020 1 tommyboy 1 saintfool 1 STEADYMOBBIN 22 1 lumpy19 1 Orange&Blue 1 slackjawedyokel 1 tonydead 1

didn't care about the numbers, more just how you do it... did you do that manually? surely not

 

[General Malaise]

This thread isn't very good anymore.

Check who the highest poster in the thread is...

how do you check things like that?

Member name Posts ghostguy123 81 Dentist 68 wilked 63 FUBAR 62 Random 56 No. 16 45 Doctor Detroit 43 NutterButter 37 John Bender 37 Bucky86 35 Tiger Fan 32 NewlyRetired 29 Chadstroma 25 Steve Tasker 23 KCitons 23 mquinnjr 20 Sand 19 RUSF18 17 Slapdash 16 fred_1_15301 14 rascal 13 xulf 12 General Malaise 11 Gamma1210 11 Gawain 11 Dr. No 10 eoMMan 9 Mystery Achiever 9 fatguyinalittlecoat 8 Grahamburn 8 proteus126 8 matttyl 8 Binky The Doormat 7 siffoin 7 humpback 7 belljr 7 fourd 7 Balco 6 Vincesanity 6 sbonomo 6 Wooderson 6 DocHolliday 6 Walking Boot 6 Otis 5 Cliff Clavin 5 ZenMaster 5 Rick James 4 Abraham 4 chet 4 tommyGunZ 4 GoBirds 4 Mario Kart 4 matuski 4 Sarnoff 4 Hinezer 4 Long Ball Larry 4 stubby 3 IvanKaramazov 3 sports_fan 3 GDogg 3 Buck Bradcanon 3 ODoyleRules 2 Polish Hammer 2 bushdocda 2 Steeler 2 metoo 2 Juxtatarot 2 Tuco 2 inca911 2 thecatch 2 GoodLloydHaveMercy 2 dino259 2 PinkydaPimp 2 NajehHejan 2 Mr. Yuk 2 rick6668 2 ajm27501 1 Worm 1 guru_007 1 The Tick 1 iamsmilin 1 Miscellaneous 1 JFT Ben 1 Tom Hagen 1 Dr. Awesome 1 Britney Spears 1 Andrew74 1 Paulymaggs 1 ConstruxBoy 1 george 1 Buddy Ball 2K3 1 pecorino 1 honky kong 1 BusMan 1 SeveredHorseHeads 1 Arid Filch 1 Harry Manback 1 Topes 1 Kenny Powers 1 DA RAIDERS 1 gmbacm 1 Truman 1 rabidfireweasel 1 scientist 1 SpurrierisisGod 1 Banger 1 Punchie 1 urbanhack 1 jb1020 1 tommyboy 1 saintfool 1 STEADYMOBBIN 22 1 lumpy19 1 Orange&Blue 1 slackjawedyokel 1 tonydead 1

didn't care about the numbers, more just how you do it... did you do that manually? surely not

Say please.

 

[Juxtatarot]

didn't care about the numbers, more just how you do it... did you do that manually? surely not

Where this thread is listed on the main FFA page, it displays "1,079 replies" (or however many). Click that.

 

[Dentist]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

 

[Doctor Detroit]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

 

[Random]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

Not sure if i should be embarrassed by this or not, but i have not read a single personal finance book in my entire life. My finances are in order, but everything I learned was from blogs, news articles, and FBG threads like this.

 

[FUBAR]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

Not sure if i should be embarrassed by this or not, but i have not read a single personal finance book in my entire life. My finances are in order, but everything I learned was from blogs, news articles, and FBG threads like this.

You're good then!

Seriously, it might be redundant but there are a lot of decent books out there worth reading. Back when I picked my own stocks (yeah, I was not good at it) I read more, now things are virtually on auto-pilot with annual rebalancing, so the need to read more isn't really there.

 

[wilked]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

Not sure if i should be embarrassed by this or not, but i have not read a single personal finance book in my entire life. My finances are in order, but everything I learned was from blogs, news articles, and FBG threads like this.

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

 

[Random]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

Not sure if i should be embarrassed by this or not, but i have not read a single personal finance book in my entire life. My finances are in order, but everything I learned was from blogs, news articles, and FBG threads like this.

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Listened to MND book on tape right out of college. Probably because it was so highly recommended here.

Wife and I will usually get a audiobook when we go on vacation to listen to on the drive.

 

[Dentist]

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Millionaire Next Door was not one of the first 8-10 personal finance books I read, but it was the one that resonated with me the most. It's one of only 2 personal finance books I've re-read - the other being Jim Cramer's Stay Mad for Life (only the first 2/3rds of the book before he starts making mutual fund/stock picks).

MND is the book I think of every single time when i'm criticized either in real life or on these forums for being cheap. That cheapness is why I'm a near lock to be rich and able to retire early someday.. and retire into a luxurious retirement rather than a social security infused craptirement.

 

[FUBAR]

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Millionaire Next Door was not one of the first 8-10 personal finance books I read, but it was the one that resonated with me the most. It's one of only 2 personal finance books I've re-read - the other being Jim Cramer's Stay Mad for Life (only the first 2/3rds of the book before he starts making mutual fund/stock picks).



MND is the book I think of every single time when i'm criticized either in real life or on these forums for being cheap. That cheapness is why I'm a near lock to be rich and able to retire early someday.. and retire into a luxurious retirement rather than a social security infused craptirement.

This imo, is an interesting yet personal decision we should make for ourselves early in life. Where each person falls on the balance of investing for the future vs spending money to enjoy the present and giving to charity is a key decision we need to make and educate ourselves. As long as your decision is right for you, it isn't wrong -other than the extremes which can negatively affect others.

Your choice works for you, which everyone should respect.

 

[rick6668]

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Millionaire Next Door was not one of the first 8-10 personal finance books I read, but it was the one that resonated with me the most. It's one of only 2 personal finance books I've re-read - the other being Jim Cramer's Stay Mad for Life (only the first 2/3rds of the book before he starts making mutual fund/stock picks).

MND is the book I think of every single time when i'm criticized either in real life or on these forums for being cheap. That cheapness is why I'm a near lock to be rich and able to retire early someday.. and retire into a luxurious retirement rather than a social security infused craptirement.

Thanks for posting this. Read 40 pages at lunch today as I found a pdf online (I'm frugal )

Can't wait to get back to it.

 

[Dentist]

Thanks for posting this. Read 40 pages at lunch today as I found a pdf online (I'm frugal )

Can't wait to get back to it.

I also used the library, and then decided to find a pdf copy to refer back to. RIP Thomas Stanley. I read a few other of his works, but nothing was quite as poignant as that title.

 

[Tiger Fan]

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Millionaire Next Door was not one of the first 8-10 personal finance books I read, but it was the one that resonated with me the most. It's one of only 2 personal finance books I've re-read - the other being Jim Cramer's Stay Mad for Life (only the first 2/3rds of the book before he starts making mutual fund/stock picks).



MND is the book I think of every single time when i'm criticized either in real life or on these forums for being cheap. That cheapness is why I'm a near lock to be rich and able to retire early someday.. and retire into a luxurious retirement rather than a social security infused craptirement.

This imo, is an interesting yet personal decision we should make for ourselves early in life. Where each person falls on the balance of investing for the future vs spending money to enjoy the present and giving to charity is a key decision we need to make and educate ourselves. As long as your decision is right for you, it isn't wrong -other than the extremes which can negatively affect others.

Your choice works for you, which everyone should respect.

It's not black or white. You can still "live in the now" and "save for the future".

 

[Dentist]

It's not black or white. You can still "live in the now" and "save for the future".

you can. But to be fair I think it can get pretty tough for people on an average wage supporting children to accomplish both without making some pretty tough sacrifices.

Obviously this is area dependent, but I feel like it's going to be pretty tough to save for retirement adequately while also living "well" if your household income is < 75K a year.

 

[Random]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

Not sure if i should be embarrassed by this or not, but i have not read a single personal finance book in my entire life. My finances are in order, but everything I learned was from blogs, news articles, and FBG threads like this.

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Listened to MND book on tape right out of college. Probably because it was so highly recommended here.

Wife and I will usually get a audiobook when we go on vacation to listen to on the drive.

So with the next roadtrip right around the corner, any recommendations?

http://www.audible.com/search/ref=sr_sort_reviewrank?searchSize=20&field_subjectbin=2226791011&searchRank=reviewrank&searchRankSelect=reviewrank

 

[Dentist]

Let's get back to making ourselves rich.

What is everyones opinion on financed life insurance?

If there is one and only one thing I've learned from over a dozen personal finance and investing books it's that it takes a very very specialized personal financial situation to make mixing insurance and investing a good idea.

Not sure if i should be embarrassed by this or not, but i have not read a single personal finance book in my entire life. My finances are in order, but everything I learned was from blogs, news articles, and FBG threads like this.

I haven't found a blog / forum / anything that was as impactful as Millionaire Next Door. I also really liked Random Walk Down Wall Street to put in perspective how many bad investments there are which are being sold / promoted.

Library is free, just a matter of free time and interest. If you already have everything you need than you're set.

Listened to MND book on tape right out of college. Probably because it was so highly recommended here.

Wife and I will usually get a audiobook when we go on vacation to listen to on the drive.

So with the next roadtrip right around the corner, any recommendations?

http://www.audible.com/search/ref=sr_sort_reviewrank?searchSize=20&field_subjectbin=2226791011&searchRank=reviewrank&searchRankSelect=reviewrank

http://www.audible.com/pd/Self-Development/I-Will-Teach-You-to-Be-Rich-Audiobook/B002V1LS52/ref=a_search_c4_1_12_srTtl?qid=1433876583&sr=1-12

http://www.audible.com/pd/Business/The-Little-Book-of-Common-Sense-Investing-Audiobook/B002V01EQQ/ref=a_search_c4_2_12_srTtl?qid=1433876629&sr=2-12

http://www.audible.com/pd/Business/One-Up-On-Wall-Street-Audiobook/B002UZZ12A/ref=a_search_c4_2_14_srTtl?qid=1433876629&sr=2-14