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RonMexicosPitbull posted:Are you retarded or just trolling. I'd ask the same thing about you, but I think I know why you have that avatar now!
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Feb 23, 2015 08:31
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| # ? Apr 20, 2024 00:50 |
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i wish i lived in the states. even if it's hard to find jobs, at least you have half a continent to find work from. not so much in europe, yr pretty much stuck in your own country.
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Feb 23, 2015 08:33
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My Q-Face posted:Oh, $1000.00 a month is also about 25% of the Net take home pay for the Average Salary in the US, hope you can get that 60K per year right out of High School, because if you take four years to go to college, you'll only make $918,272.79 by the time you hit 67! Show your work, including changes in interest rates, raises, avg cost of living, inflation/deflation and provide at least fifteen sources in a bibliography or 
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Feb 23, 2015 08:35
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Dyna Soar posted:i wish i lived in the states. even if it's hard to find jobs, at least you have half a continent to find work from. not so much in europe, yr pretty much stuck in your own country. Maybe, but the last couples places I worked at had a pretty unofficially-official rule of tossing out applications for people that weren't local. You can always move to a new place and THEN look for work, but, boy, that can go wrong fast.
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Feb 23, 2015 08:36
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RonMexicosPitbull posted:its saltier than the salt miner's butthole in here There is always work in the salt mines if you can start at the bottom.
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Feb 23, 2015 08:46
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fearlessflyingfish posted:Maybe, but the last couples places I worked at had a pretty unofficially-official rule of tossing out applications for people that weren't local. You can always move to a new place and THEN look for work, but, boy, that can go wrong fast. yeah and i've got a cushy job i won't be laid off from ever, so i'm cool. i just wish i had the opportunity for a complete change of scenery but not have to learn a new language. also wish i could live somewhere warm, like the southern states.
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Feb 23, 2015 08:49
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VendaGoat posted:Show your work, including changes in interest rates, raises, avg cost of living, inflation/deflation and provide at least fifteen sources in a bibliography or http://www.investor.gov/tools/calculators/compound-interest-calculator http://www.census.gov/prod/2013pubs/acsbr12-02.pdf (Average US income is 51,371, about 8,630 less than what I got from my first google) I could do a yearly breakdown, but as we had that recession 7 years ago, and Greenspan's obsessive cutting of Interest Rates for almost 20 years before that, I think we can safely conclude that Interest Rates decline over time, so picking the current high and going with that is probably a conservative bet. My Great Aunt bought me a $25.00 Savings Bond when I was born in 1975. It had 7% interest and matured in 7 years. (I cashed it out at 16 and made $75 on it) Today you could buy a comparable Savings Bond for $25.00 and it will have a 00.10% interest rate. To put it another way, Interest Rates have been slashed to disincentivize savings and to keep the poors poor, because when poors save their money, they're not spending it and making the The compound interest BS you were taught as a kid doesn't work with low interest rates, it's a Big Numbers (Ooh, Millions!!!) jazz hands distraction to reinforce the "Just World - Americans Can All Succeed If Only They Try Hard Enough!" myth. Before Greenspan and the Ayn Rand/Reaganite Economists took over, it did work because you could find savings accounts with 5+% interest rates and you could find Savings Bonds with 7-10% interest. Hell, before George W. Bush came out and said they were useless in 2001, ten year Treasury Notes were pulling 6-7% interest. Now they're pulling 2%, Maybe, and people CHEER when the Fed slashes interest rates. In essence, that's what this whole thread is about! "The Stuff you Boomers were taught as kids doesn't work anymore because you hosed up and continue to gently caress up the world!"
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Feb 23, 2015 08:53
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Why the gently caress would you, as a private individual, buy us bonds, treasury notes, and motherfucking savings accounts for retirement. Like I dont even know how to combat this ignorance.
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Feb 23, 2015 08:55
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My Q-Face posted:http://www.investor.gov/tools/calculators/compound-interest-calculator Should I be proud that my throwaway "ITT" thread became a center for serious business socioeconomic debate? I think I will be proud.
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Feb 23, 2015 08:59
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RonMexicosPitbull posted:Why the gently caress would you, as a private individual, buy us bonds, treasury notes, and motherfucking savings accounts for retirement. Like I dont even know how to combat this ignorance. Why the gently caress wouldn't you? They are the lowest risk. 401Ks and other Mutual Funds and Stocks and other Investment vehicles are riskier and you run the risk of being in a Market Down-turn when it comes time to start drawing your retirement, and guess what? When you're supposed to retire at 65 or 67 or 80, whatever it ends up being, you can't just put off retiring until the market recovers, as that could take years! (Or, you could because you're a stupid Baby Boomer who bought into the whole Private Investment Accounts Are Better! lie.)
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Feb 23, 2015 09:00
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glowing-fish posted:Should I be proud that my throwaway "ITT" thread became a center for serious business socioeconomic debate? trolling teenagers to post their economic treatises on "how things really go down" is doing gods work my friend
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Feb 23, 2015 09:01
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My Q-Face posted:Why the gently caress wouldn't you? They are the lowest risk. 401Ks and other Mutual Funds and Stocks and other Investment vehicles are riskier and you run the risk of being in a Market Down-turn when it comes time to start drawing your retirement, and guess what? When you're supposed to retire at 65 or 67 or 80, whatever it ends up being, you can't just put off retiring until the market recovers, as that could take years! (Or, you could because you're a stupid Baby Boomer who bought into the whole Private Investment Accounts Are Better! lie.) omg
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Feb 23, 2015 09:02
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For what it's worth, I'm almost 40 with no debt, and I make six figures.
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Feb 23, 2015 09:02
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So instead of simply piling all of your money into a savings account or bonds, you'll also have to diversify your portfolio out and invest in equities in the private sector? Maybe even branch out into commodities, once the more popular ones reach a better value? Perhaps even wait for the fed to raise the Interest rate, which they are thinking about doing this year, before investing in a t-bond? You mean you'll still have to WORK at investments to make money?  A Bloo Bloo Bloo.There isn't one singular way to just make money and then retire off of it? The horror, the shock! You Have To Put Forth Effort To Do THINGS?! 
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Feb 23, 2015 09:02
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My Q-Face posted:For what it's worth, I'm almost 40 with no debt, and I make six figures. I'm 83 years young and a international shipping magnate making a deece 7 figgies
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Feb 23, 2015 09:03
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RonMexicosPitbull posted:I'm 83 years young and a international shipping magnate making a deece 7 figgies Can I have a job polishing your testicles, Sir?
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Feb 23, 2015 09:04
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VendaGoat posted:So instead of simply piling all of your money into a savings account or bonds, you'll also have to diversify your portfolio out and investing in equities in the private sector? Maybe even branch out into commodities, once the more popular ones reach a better value? Perhaps even wait for the fed to raise the Interest rate, which they are thinking about doing this year, before investing in a t-bond? Gosh, it's like you want to MAKE money instead of just saving for retirement! It's like, you already have a job and a family and the whole nine taking up all your time, but then you have to take on a second job, and incidentally one that pays other people a gently caress-load more than you're making to do the same thing, just so that you don't starve when you are too old to do real work? Oh gently caress!!
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Feb 23, 2015 09:05
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VendaGoat posted:So instead of simply piling all of your money into a savings account or bonds, you'll also have to diversify your portfolio out and invest in equities in the private sector? Maybe even branch out into commodities, once the more popular ones reach a better value? Perhaps even wait for the fed to raise the Interest rate, which they are thinking about doing this year, before investing in a t-bond? I bet he thinks investing in stocks and market bonds loses money or is a death trap. Just laugh with me.
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Feb 23, 2015 09:06
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RonMexicosPitbull posted:I bet he thinks investing in stocks and market bonds loses money or is a death trap. Just laugh with me. Dude went heavy in his POGS Portfolio and shorted Beanie Babies in the 90's
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Feb 23, 2015 09:08
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Who hasn't been profoundly affected by the Great Pokemon Card Depression?
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Feb 23, 2015 09:09
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I knew it!
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Feb 23, 2015 09:10
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RonMexicosPitbull posted:I bet he thinks investing in stocks and market bonds loses money or is a death trap. Just laugh with me. Actually, he bought Netflix at <$20, Omeros at $4 and GoPro at $30. But do tell me more about how the average American can do this if they save just a small percentage of their income!
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Feb 23, 2015 09:12
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My Q-Face posted:I knew it! im gay is there an issue, please stick to showing us all how the world really works instead of attackingsomeone elses sexual orientation.
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Feb 23, 2015 09:12
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My Q-Face posted:Actually, he bought Netflix at <$20, Omeros at $4 and GoPro at $30. But do tell me more about how the average American can do this if they save just a small percentage of their income! like this thank you
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Feb 23, 2015 09:12
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My Q-Face posted:Actually, he bought Netflix at <$20, Omeros at $4 and GoPro at $30. But do tell me more about how the average American can do this if they save just a small percentage of their income! How can I save 54 dollars? Help me My Q-Face Kenobi, you're my only hope.
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Feb 23, 2015 09:13
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you guys should just buy gold, the skies the limit.
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Feb 23, 2015 09:14
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skeletonotherkin posted:you guys should just buy gold, the skies the limit. I'm heavily invested in Mangosteen
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Feb 23, 2015 09:14
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skeletonotherkin posted:you guys should just buy gold, the skies the limit. if you've invested in gold anytime in the last 50 years you've made a gently caress ton of money but I'm not sure how much longer before it undergoes a correction. I'll probably jump in then. Right now my portfolio consists of second life futures and an old pile of digimon booster packs.
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Feb 23, 2015 09:16
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VendaGoat posted:How can I save 54 dollars? Help me My Q-Face Kenobi, you're my only hope. No, no, tell me, please, why am I the only one doling out advice? It's like you're retards and trolls! 
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Feb 23, 2015 09:16
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My Q-Face posted:No, no, tell me, please, why am I the only one doling out advice? It's like you're retards and trolls! Don't sign your posts
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Feb 23, 2015 09:16
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VendaGoat posted:Don't sign your posts OOOOH! You really Got My Goat!
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Feb 23, 2015 09:16
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My Q-Face posted:OOOOH! You really Got My Goat! Good, I can actually turn a profit from it.
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Feb 23, 2015 09:18
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hes way out of your league man he makes a deece 6 figgies and hes not a teenager. hes got the investment racket by the balls and he knows how things really work. You should thank him for laying it down for us
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Feb 23, 2015 09:22
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i'm gonna buy a house soon, then pay it off and when i retire, sell it, move to a condo in the city and live my twilight years off the money i got from the house that money, which should be like 500k or more with my state pension should be enough
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Feb 23, 2015 09:24
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Instead of investing in stocks and bonds y'all should be like me and just invest in People man. They are whats truly important. You can ship in a few dozen per shipping container at great rates.
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Feb 23, 2015 09:24
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And another thread gets Ron Mexicoed!
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Feb 23, 2015 12:07
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If you look at investments as specialized bank accounts with occasional restrictions then a lot of things become clear. Lol @ all the idiots making GBS threads on treasury bonds. If those go away you might as well shut off your plumbing too.
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Feb 23, 2015 12:19
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you seem salty q face. maybe go to your nearest bank and talk to their financial planner? Its usually free.
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Feb 23, 2015 12:22
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Getting derailed arguing about who is the slickest investor is EXACTLY what I expect of the baby boomers.
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Feb 23, 2015 12:46
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As a millenial, I have no idea how to invest because I have never had any money.
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Feb 23, 2015 13:54
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