|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
02-06-2021, 1:38pm | #21 | ||||||
Barn Stall Owner #747-400
Join Date: Jul 2019
Location: The Bash, Perma
Posts: 109,436
Thanks: 93,450
Thanked 28,811 Times in 12,773 Posts
Gameroom Barn Bucks: $15031693
|
|
||||||
02-06-2021, 1:38pm | #22 | ||||||
SOME Real Barner
Join Date: Mar 2014
Location: ♫♫ ♪ ♫♫♫ ♪ ♫♫
Posts: 12,934
Thanks: 120
Thanked 25,339 Times in 9,150 Posts
Gameroom Barn Bucks: $2034428
|
|
||||||
The Following 2 Users Say Thank You to Strats-N-Vettes For This Useful Post: |
02-06-2021, 1:41pm | #23 | ||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
|
||||||
02-06-2021, 1:45pm | #24 | ||||||
SOME Real Barner
Join Date: Mar 2014
Location: ♫♫ ♪ ♫♫♫ ♪ ♫♫
Posts: 12,934
Thanks: 120
Thanked 25,339 Times in 9,150 Posts
Gameroom Barn Bucks: $2034428
|
|
||||||
The Following 5 Users Say Thank You to Strats-N-Vettes For This Useful Post: |
02-06-2021, 1:45pm | #25 | |||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 61,467
Thanks: 11,772
Thanked 33,024 Times in 14,164 Posts
Gameroom Barn Bucks: $17500122
|
Quote:
using the rule of 72 as a guide, i'm pretty close. for the newbies: rule of 72. take your average annual return times the number of years, when the product is 72, that's how long it will take your money to double. 1.08^9=2. 8% for 9 years will double your money. 15.5 x 10 = 155, just a tad over 72 x 2 = 144, so as my calculation showed, you doubled your money twice and a little more. start with 1000, end with 4225 |
|||||||
The Following 3 Users Say Thank You to DAB For This Useful Post: |
02-06-2021, 1:47pm | #26 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
Not in my world for a 401k. |
|||||||
02-06-2021, 1:47pm | #27 | ||||||
Barn Stall Owner #747-400
Join Date: Jul 2019
Location: The Bash, Perma
Posts: 109,436
Thanks: 93,450
Thanked 28,811 Times in 12,773 Posts
Gameroom Barn Bucks: $15031693
|
|
||||||
The Following User Says Thank You to Rikki Z-06 For This Useful Post: |
02-06-2021, 1:50pm | #28 | ||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
|
||||||
02-06-2021, 1:52pm | #29 | |||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 61,467
Thanks: 11,772
Thanked 33,024 Times in 14,164 Posts
Gameroom Barn Bucks: $17500122
|
Quote:
just doing the math for the math phobic. if i'm taking out 3% a year, i'm happy averaging 4% per year. more is gravy. means my account balance will continue to grow over time. so, yeah, you're doing great. as i noted above, at some point, you can take fewer risks and bank some of your winners. |
|||||||
The Following User Says Thank You to DAB For This Useful Post: |
02-06-2021, 2:18pm | #30 | |||||||
A Real Barner
Join Date: Jun 2018
Posts: 7,521
Thanks: 1,952
Thanked 7,055 Times in 3,116 Posts
Gameroom Barn Bucks: $12721
|
Quote:
If inflation didn't exist, I would agree with this, but it does, and it is likely to get worse in the coming years due to the incredible deficit the US is building. BTW: I agree with your math on the 15.5% for 10 years. I'm sure Jeff will not show us his though. |
|||||||
02-06-2021, 2:36pm | #31 | |||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,084
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
Quote:
Central Bank / government currency and interest rate manipulation are pushing asset prices such as stocks and housing up but it's impossible to divorce markets from the economy. They are part of the whole albeit no longer working as they have in the past. |
|||||||
02-06-2021, 2:49pm | #32 | ||||||
A Real Barner
Join Date: Feb 2017
Location: On the beach
Posts: 32,234
Thanks: 17,140
Thanked 33,418 Times in 11,733 Posts
Gameroom Barn Bucks: $1025333
|
|
||||||
The Following 4 Users Say Thank You to Steve_R For This Useful Post: |
02-06-2021, 3:38pm | #33 | ||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 61,467
Thanks: 11,772
Thanked 33,024 Times in 14,164 Posts
Gameroom Barn Bucks: $17500122
|
it really isn't that hard to have a polite, civil conversation on a given topic.
but that isn't going to happen today it looks like. fault on both sides. |
||||||
The Following User Says Thank You to DAB For This Useful Post: |
02-06-2021, 4:15pm | #34 | ||||||
Barn Stall Owner #∞
Join Date: Oct 2018
Location: GFY and STFU'ville
Posts: 9,020
Thanks: 1,204
Thanked 13,711 Times in 5,285 Posts
Gameroom Barn Bucks: $34677
|
Holy shit!!!!!
It worked!!!! |
||||||
The Following 2 Users Say Thank You to z06psi For This Useful Post: |
02-06-2021, 4:17pm | #35 | ||||||
Barn Stall Owner #∞
Join Date: Oct 2018
Location: GFY and STFU'ville
Posts: 9,020
Thanks: 1,204
Thanked 13,711 Times in 5,285 Posts
Gameroom Barn Bucks: $34677
|
|
||||||
The Following 2 Users Say Thank You to z06psi For This Useful Post: |
02-06-2021, 5:42pm | #36 | ||||||
Barn Stall Owner #747-400
Join Date: Jul 2019
Location: The Bash, Perma
Posts: 109,436
Thanks: 93,450
Thanked 28,811 Times in 12,773 Posts
Gameroom Barn Bucks: $15031693
|
|
||||||
02-06-2021, 6:04pm | #37 | ||||||
VB Dad of the Year
RDBM Barn Stall Owner #9 Barn Raising I,II NCM Supporter '11,'12,'13,'14,'15,'16,'17,'19,'20,'21 Bantayan Kids '13,'14,'15,'17 GTMS ‘18
Join Date: Jan 2011
Location: Fort Myers
Posts: 36,643
Thanks: 10,225
Thanked 21,146 Times in 8,341 Posts
Gameroom Barn Bucks: $35999378
|
I honestly suck at investing, but my wife's brother has been with Merrill Lynch for 45 years and has managed her IRA and my daughter's college fund. Both have done extremely well. BTW, brother in law's 2 girls have $10 Million trust funds each.
Me on the other hand...I have 15 easy years left if I choose to retire, but I'm in over-max earning mode. We only have two loans..our mortgage and my wife's car. Yes, I'll have a note on the C8, but it's chump change in the big picture. Just free cash flow over the next 15 years will dwarf her IRA. I really wish someone taught me to save earlier. I didn't learn to save until I met my wife. |
||||||
The Following 4 Users Say Thank You to Datawiz For This Useful Post: |
02-06-2021, 6:24pm | #38 | |||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 61,467
Thanks: 11,772
Thanked 33,024 Times in 14,164 Posts
Gameroom Barn Bucks: $17500122
|
Quote:
no, i won't spend every dime i make this week. no, i won't buy more cars than i can drive at once. no, i won't go out to dinner 3 times a week. no, i won't....fill in the blank. if you have nothing left over after pay day, there is no way you can invest, either poorly or well. the biggest thing youngsters have going for them is time. time to ride out market ups and downs, time to let the first dollars compound over and over again. |
|||||||
02-06-2021, 6:37pm | #39 | |||||||
VB Dad of the Year
RDBM Barn Stall Owner #9 Barn Raising I,II NCM Supporter '11,'12,'13,'14,'15,'16,'17,'19,'20,'21 Bantayan Kids '13,'14,'15,'17 GTMS ‘18
Join Date: Jan 2011
Location: Fort Myers
Posts: 36,643
Thanks: 10,225
Thanked 21,146 Times in 8,341 Posts
Gameroom Barn Bucks: $35999378
|
Quote:
|
|||||||
The Following User Says Thank You to Datawiz For This Useful Post: |
02-06-2021, 6:42pm | #40 | ||||||
Barn Stall Owner #∞
Join Date: Oct 2018
Location: GFY and STFU'ville
Posts: 9,020
Thanks: 1,204
Thanked 13,711 Times in 5,285 Posts
Gameroom Barn Bucks: $34677
|
|
||||||
The Following 4 Users Say Thank You to z06psi For This Useful Post: |
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||