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11-27-2019, 03:25 PM | #23 |
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I have loved the car from the first day I got it in 2009. But then again, I don't use it like most would. It has never seen a track, and never will. I appreciate driving the car for the way it makes me feel, not the numbers it can produce. I've also had great fun modifying it, here and there, with top level parts. It has been a joy, and may remain so, I just don't know yet.
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11-27-2019, 04:02 PM | #24 |
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There you go!! You two hash out the details, meet up in Vegas, deal!
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11-27-2019, 07:06 PM | #27 |
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I see some of us aren't familiar with the Rule of 72. On average it would take a little over 8 years to double your money with the average return of the S&P500 over time.
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MKSixer34120.00 |
11-27-2019, 11:18 PM | #28 | |
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11-27-2019, 11:19 PM | #29 | |
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11-27-2019, 11:34 PM | #30 |
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I knew if anyone beat to me, it'd be you!!
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11-28-2019, 04:27 AM | #31 |
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If i had $50000......aka £38,653.25 Pound sterling in hand, i would not invest it in a monetary way, i would invest it in another way....
.....it would pay a year of my daughters school fee's and have £8k to take her and my wife on holiday. That would leave 3 people happy. Well worth the spend. |
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11-28-2019, 12:26 PM | #32 |
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I am biased towards real estate. 50k could make a good downpayment on a decent home or even a small 4 plex or similar in the right market. Make sure you have the right property management in places and set it and forget it.
One of the main benefits or real estate is the leverage that it can produce. Just make sure you pick a stable growth city with good long term job stability and do proper due diligence before you buy. Many people caution against market drops but just like the stock market the value can go up and down. You only lose money if you sell when it is down or are forced out because you can't keep up on the payments. A good stable job market with decently low vacancy can help protect against this. One benefit is that as the mortgage gets paid down over time you can always refinance as the market allows and pull money out or re-amortize over a longer term to increase cashflow depending on how your tax situation and cash needs look at the time. |
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11-28-2019, 12:38 PM | #33 | |
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11-28-2019, 12:41 PM | #34 | |
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I've been investing in the market since the mid 1990s or so. I've weathered all the major financial storms during that time, I've lost a lot and I've gained a lot. Up until about 5 years ago, I had a financial adviser/broker at Morgan Stanley. I researched, read a couple of simple investing books, and learned that having an financial adviser/broker was a total waste (for me). For most investors with sub $2M portfolios, investing is very simple. Warren Buffett's 15-minute Retirement Plan is KEY, spot on, and incredibly simple, and you will consistently beat most every financial adviser/broker recommendation over the long term. "My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions, or individuals -- who employ high-fee managers." - Warren Buffett ^This is all you need to do right now with $50K. Most of my money (about 70%) is in Vanguard 500 Index Fund Admiral Shares (VFIAX) ("S&P 500 index fund"), 15% in stock (mostly Berkshire Class B), government bond funds (~10%), and the remainder in other types of low fee Vanguard index funds. You really need to get your butt in gear planning for retirement because you're miles behind where you should be. Someone who is 49 should have around $300-500K in retirement funds and investing pretty aggressively. At this point in your life, you need the following: - 3 to 6 months of living expenses in cash - Well on your way to paid off home or a paid off home - $300-500K in investments and putting away 10%+ month (whether your money or employer shared like a 401K match) - No major debt like a car, boat, credit card payments
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Last edited by XutvJet; 11-28-2019 at 12:47 PM.. |
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11-28-2019, 01:08 PM | #35 | |
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Because if so....30K GBP for daycare for one year.... |
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11-28-2019, 01:13 PM | #36 |
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Not one to tell someone what they should do with their money, but Vanguard has been VERY good to me over the years.
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11-28-2019, 03:07 PM | #37 | |
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11-28-2019, 05:25 PM | #38 |
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11-29-2019, 02:27 AM | #39 | ||
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We are not lucky enough to have been able to have a second child, so we said that we would give our only one the best possible start in life with the best education we can afford, best holidays we can give etc. |
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11-29-2019, 08:24 AM | #40 |
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Interesting reading all of this. Seems this Vanguard is highly regarded by most of you and worth looking into.
Shortly I will have "mid 7 figures" to invest and was considering just putting it in my local investment where I make a pretty consistent 10% to 11% per year. It's a private company but it's been operating here for years, and out of state for even longer, and short of fraud it's pretty stable and relatively risk free. But I think it would be wise to diversify and put maybe half elsewhere so I've been interested to read these comments. Are there limits on the size of account you can have? Are there better options if you have more than a couple of million in an account? |
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11-29-2019, 08:37 AM | #41 | |
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11-29-2019, 08:49 AM | #42 | |
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I'm not sure I plan to trade a lot but then I have no idea how this works - I thought you bought into these funds then sat back and watched? I know people playing the money or share markets are more active, but that's really not where I want to be - I'd rather be driving one of my classic cars than deciding what stocks to buy and sell today. That's why I've considered just putting about $4M into this local investment and forgetting about it - less to think about, and I make about 11% pa. And while I feel it's super low risk, I'm sure others felt that about Bernie Madoff too - hence I was thinking I should split it a bit but I just know nothing about investing. |
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11-29-2019, 08:54 AM | #43 | ||
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11-29-2019, 09:06 AM | #44 |
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Yeah - that's where I'd have to learn to close my eyes and look again in another month.
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