5% won't keep pace with inflation. And then there are the taxes.....
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5% won't keep pace with inflation. And then there are the taxes.....
Neither has buried cash.... but 5% is a lot closer to keeping up than zero. Only pay tax on earnings. No reason to avoid earnings. I'd argue, inflation will be less than 5% over next 12 months. Headline rate you hear quoted is trailing 12 months. That's history. The month to month numbers have moderated significantly.Quote:
Originally Posted by XstreamVking
Man way to drop hints on something new coming out, V10s with blowers and new lower units?Quote:
Originally Posted by JPEROG
Nope, just the motor of the month....-IF they put a supercharger on the V-10, insurance is going to be unattainable to many and VERY expensive to others. Mercury already has manufactures asking them to slow things down (speed limiters to avoid liability to the builder)--Its not Mercury's job to make sure a boat is set up for a certain speed, the builders can use less power, set it up very conservatively or refuse to sell to specific customers that they feel will be a risk.
Joe
Cuts the current loss rate of having cash by 40% but still no good. You need something that is returning 12% or more just to stay in neutral--sad that our elected employees don't understand such basic economics "anything loses value when there is too much of it in our system" yet they keep printing, handing out, and spending. This admin. has a good chance of bringing us to our knees before its all over (my opinion).Quote:
Originally Posted by DangerNewb
Joe
Invest it while I still have some left .... ??? LOL
My folks were locked in @ 4 or 5% .. I showed them where I was making 40% .. basically for doing nothing. Then the planes hit the towers .. guess where I was the next day . :o It wasn't till trump was elected, and Larry Kudlow became the money czar that mine came back. Guess what I did the next day after I got back to where I was 20+ years before .. yup, fixed. I don't add to it anymore, and I still haven't touched it. My plan was to give it to mini-me. Even though he hasn't spoken to me since March 1 .. he's still my bambino.
I have found the best thing for me to invest in .. is argon, filler rod, carbide bits and burrs. And I pay my electric bill. Will / did I get rich, naww. But I ain't missed to many meals either. :)
I've bought junk .. to flip. It usually lands on my head. So I'm out on that .. besides that's really just another job. As usual, I can't keep up with what I have.
My neighbor lady came over the other morning for coffee. She apologized for selling the lot between us. I told her that I have seen her carry her shoes to the car. My side is up-hill, so it doesn't flood.
She asked how many lots I had. I told her the last one I bought made three. I paid $9,000.00 for it and have been offered well over $100,000.00 for it.
She said, after I'm gone, nobody will want the set-up I have. But they will buy it, tear down my house and shop ... and build three huge houses on my / their new property. God bless them .. greedy ********.
BTW, it people like that .. that keep inexpensive boats from being built .. :(
All they want ... is more than they will ever have .. ;)
The most successful investors [Warren Buffet I.E..] claim that the only sure way to have a secure retirement is to go long-term on a Index Fund. He claimed that all of the Hedge Fund Managers risk investor's money in single stocks/sectors but secretly have their own money in index funds. I use nothing but long S&P index funds and have never been disappointed. I just hope the Vanguard server/cloud/hard drive that has all of my 1s and 0s on it never crashes or get hacked.....That is a scary thought.
WTF is everyone talking about ?
My dad bought a 1989 Hydrostream Vasseret with a 130 Yamaha ( in 1989 ) for $11,00 or so … Those were the days, and I’m sure my dad still got screwed by Randall Pierson - lol
MDS
100% correct Mike. Its all relative-I remember asking my dad why he didn't buy more houses on the lake when they were 200K back in the 70s. His reply was if I knew what I know now we would have a bunch of them but 200K was a lot back then and the bankers already thought I was nuts. My 19 year old also just asked me why we don't have more property on S.R. 44 as things continue to develop like crazy (it all has to be cash flowed) but the opportunities are not hidden. There is serious money to be made anywhere that there is a rapidly increasing population.Quote:
Originally Posted by mikesufka
Joe
Quote:
Originally Posted by JPEROG
If current politics dictate Electric Vehicle ownership for the country's population, then Elon Musk is riding that wave. "Timing is everything" and Musk is a yatch cruiser, and a fast boater too by Telsa numbers.
It took Telsa 12 years to build 1 million vehicles in 12 years.
Took 1.5 years to build its second million vehicles,
then 11 months for the third million,
and then 7 months for the fourth million.
Telsa got a stock boost as an industry standard too. (I wish I was an early investor in Telsa stock).
Ford and General Motors recently joined in partnership with Telsa, to use the Telsa charging-station product for their EV automobiles.
I invested my money in the federal government, and now they pay me back with Social Security and I spend that as fast as I can before they give it to some immigrant. If I could, I’d take it as a lump sum and invested in Krugerrands maple leaves or loonies as they’re called But not being a rocket scientist I’m not smart enough so I drive my 20 year old diesel truck sitting next to a guy on his electric Tesla at a stoplight and he damn sure rolls up his windows after about 10 seconds because I’m loud smell like a truckstop and just plain don’t care . And Joe Biden‘s economy is just a bubble waiting to burst.
Weren't his parents owners at that time? At worst, he was just screwing people in the service department then. Wonder how many "tune up specials" were done.Quote:
Originally Posted by mikesufka
"Randall was Special" ;)
Good guy to have on your sporting clays league team tho. A real marksman.:DQuote:
Originally Posted by NICE PAIR