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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
[Reply]
lewdog 09:33 PM 08-27-2018
Originally Posted by Hammock Parties:
When the chinese market turns it's going way up.

November is just when some have predicted it would skyrocket.
Honestly, I think we see a short squeeze soon and a spike to $35-37 this week.
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DRU 12:32 PM 08-28-2018
Originally Posted by Rain Man:
I had to look it up, so no for me. But I'm in the stage of life where I'm paid off and avoiding debt, so it's kind of irrelevant for me.
Well it wouldn't put you in debt. Actually quite the opposite. Your cash flow would remain exactly as it is now, but you would be leveraging your cash so that it continues to earn uninterrupted compound interest for life instead of constantly draining your account every time you buy something (ie. cars, vacations, weddings, business expenses, everyday personal expenses, etc.)

It guarantees that you'll reach the end of the "hockey stick" where those huge compounded returns come into play. Most people never make it there because you either spend or lose your money, which resets your compound curve on your timeline/graph, and can never be recaptured.

I've become very passionate about it since I began doing it have seen and felt it working.
[Reply]
Amnorix 01:07 PM 08-28-2018
Originally Posted by DRU:
Any Infinite Banking Concept practitioners in here?
Looks like its based on whole life insurance. Uhh, no thanks. Whole (or permanent) life insurance is pretty expensive as an investment vehicle, with a comparatively lousy rate of return. If you're a higher income earner and have maxed out your 401(k), IRAs, etc., and/or have some unique reason to have whole life, then sure, whatever, but for the vast majority of people, I wouldn't bother with it. Term insurance is substantially cheaper.

All that said, I do have a modest amount of whole life, which I got back in like 2000. Now, about 18 years later, the cash value of the policy equals the amount I have paid in premiums. Now, there was the peace of mind of having life insurance in case something happened to me years ago as well, of course, but still, that's a lousy return where the stock market since 2000 is up about a bazillion percent.

I would have been MUCH better if I took like X% of that whole life premium and put it into term insurance, fixed for 20 years, so I would have the same death benefit as with the whole life, and put the rest of it into index mutual funds or something.
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displacedinMN 04:14 PM 08-28-2018
Originally Posted by Rain Man:
What does the retirement account from the state offer? Can you pick different stocks or funds in it?
We do not get to pick how the funds in our retirement account. But it pays better than the IRA. time to make a call
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R8RFAN 04:43 PM 08-28-2018
I was just sitting on the toilet counting my stash and thought I would take a pic for all you broke dicks who frequent this site


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philfree 05:04 PM 08-28-2018
Originally Posted by R8RFAN:
I was just sitting on the toilet counting my stash and thought I would take a pic for all you broke dicks who frequent this site

Feds probably need to get an IP on this.
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Munson 05:29 PM 08-28-2018
Only a drug dealer would have that much cash on hand. :-)
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eDave 05:32 PM 08-28-2018
Originally Posted by Munson:
Only a drug dealer would have that much cash on hand. :-)
That's SAUTO walking around money.
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EPodolak 05:36 PM 08-28-2018
Originally Posted by Munson:
Only a drug dealer would have that much cash on hand. :-)
Could be the gif guy in the OP. Maybe we need a thread about banks.
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R8RFAN 05:52 PM 08-28-2018
Originally Posted by Munson:
Only a drug dealer would have that much cash on hand. :-)
It's only about 7k
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Hog's Gone Fishin 05:54 PM 08-28-2018
Originally Posted by R8RFAN:
It's only about 7k

Liar, It's a $100 bill with a bunch of ones under it and you borrowed it from your Mom.
[Reply]
R8RFAN 05:58 PM 08-28-2018
Originally Posted by Hog's Gone Fishin:
Liar, It's a $100 bill with a bunch of ones under it and you borrowed it from your Mom.
Look at the blue stripes lined up those are all 100's
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lewdog 06:12 PM 08-28-2018
Originally Posted by R8RFAN:
I was just sitting on the toilet counting my stash and thought I would take a pic for all you broke dicks who frequent this site

Sitting in that much cash is pretty dumb.

Absolutely no reason to do that. Have your money make more money.
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scho63 06:22 PM 08-28-2018
Originally Posted by lewdog:
Sitting in that much cash is pretty dumb.

Absolutely no reason to do that. Have your money make more money.

I think he takes his drug profits and reinvests in more drugs. :-)

He may know about compounding interest!

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Rain Man 07:17 PM 08-28-2018
Originally Posted by displacedinMN:
We do not get to pick how the funds in our retirement account. But it pays better than the IRA. time to make a call
I probably don't fully understand your options, but if you've got money in an IRA earning 1.5 percent, presumably it's some sort of CD or something. If that's true, don't put any more money into that and pick pretty much any other option rather than sitting on your toilet holding it in cash.
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