VeteranXX Contributor
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I'm shocked that people on Tribalwar actually trust banks and the market, this is unexpected
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VeteranXX
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kill your parents buy slum rentals
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VeteranXX Contributor
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d
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Last edited by buize; 08-05-2022 at 05:35..
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VeteranXX
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Quote:
Originally Posted by amRam
Its not because Im bad with money, its because I have a different set of priorities. I'm not advocating he purchase a 4M villa, just a decent house he wants to live in and some land he can call his own- not the bank's.
The house isn't an 'investment' for future return, it's a roof over his head. Should the economy collapse and all his investments go to ****, he still has a place to live.
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if you are extremely risk averse and can't handle market ups and downs, then sure, do that, but its not the best use of the $ in this interest rate environment. and there's definitely a psychological factor to owning something outright.
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Last edited by Eggi; 10-30-2014 at 14:03..
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VeteranXX
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Quote:
Originally Posted by Al'Muktar
kill your parents buy slum rentals
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it sounds like he already did kill his parents
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VeteranXX
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i m happy 4 buize he work hard and such curin cancers and wat not
this dood is gfg
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VeteranXX Contributor
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Quote:
Originally Posted by Eggi
if you are extremely risk adverse and can't handle market ups and downs, then sure, do that, but its not the best use of your $.
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Spending 1/10th of his inheritance on a house is hardly poor use of the money. You guys are weird.
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VeteranXX Contributor
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d
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Last edited by buize; 08-05-2022 at 05:35..
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VeteranXX
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Celebratory spliff stat
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VeteranXX Contributor
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ya i gathered that from your $6 mil inheritance buize
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VeteranXX
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Quote:
Originally Posted by Federere
Celebratory spliff stat
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for real, priority numero uno
celebrate, take it easy, and let it sink in for a while
I'm a financial planner and have seen plenty of people in your shoes who rush out to make a dozen impulsive decisions and blow their wad. The default seems to be to **** it all up.
edit: celebrate isn't quite the right term for an inheritance, poorly worded
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Last edited by Chaol; 10-30-2014 at 14:14..
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VeteranXX
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Quote:
Originally Posted by amRam
Spending 1/10th of his inheritance on a house is hardly poor use of the money. You guys are weird.
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assuming a moderate return of 7% vs a mortgage rate of 4% you're giving up over .5M over 10 yrs to buy a 600K house outright. Really comes down to how risk averse you are.
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VeteranXX Contributor
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Quote:
Originally Posted by Eggi
assuming a moderate return of 7% vs a mortgage rate of 4% you're giving up over .5M over 10 yrs to buy a 600K house outright. Really comes down to how risk averse you are.
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I'm just sayin that he can still invest in the markets with most of that money, but take a small fraction and put it into something tangible in case the worst happens. It's kind of like hedging, isn't it? He might lose his shirt in the markets but at least he'll still have a place to live, mortgage-free. Seems like a prudent decision to me, and I don't consider myself risk averse at all.
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VeteranXV
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The two best pieces of financial advice anyone on here can give you:
1. Watch out for the selfish, greedy, ultra-materialistic gold diggers.
2. If you do make the mistake of getting married, ALWAYS demand a prenup! No signature, no marriage.
Not even another great depression will financially ruin you as fast and as deeply as a woman.
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VeteranXX
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Whoever said you cant live off of $6M is a ****ing moron and has no idea what they speak of nor probably had any sizable amount of money in their lives so they have no experience.
If invested wisely, you can easily live off the DIVIDENDS/INTEREST of that investment, get something that pays 3% annually and you are getting $180K a year pre tax.
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VeteranX
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Quote:
Originally Posted by Peter_2000
The two best pieces of financial advice anyone on here can give you:
1. Watch out for the selfish, greedy, ultra-materialistic gold diggers.
2. If you do make the mistake of getting married, ALWAYS demand a prenup! No signature, no marriage.
Not even another great depression will financially ruin you as fast and as deeply as a woman.
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This.
Quote:
Originally Posted by Tic
Whoever said you cant live off of $6M is a ****ing moron and has no idea what they speak of nor probably had any sizable amount of money in their lives so they have no experience.
If invested wisely, you can easily live off the DIVIDENDS/INTEREST of that investment, get something that pays 3% annually and you are getting $180K a year pre tax.
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And this.
// end of thread //
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VeteranXV
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1. get your dick sucked real good
2. financial planner visit
3. return that piece of **** alienware laptop and buy a real ****in computer you turd
4. repeat step 1
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VeteranXV
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wait you would seriously do all that work to become a doctor and just quit?
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VeteranXX Contributor
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Quote:
Originally Posted by Tic
Whoever said you cant live off of $6M is a ****ing moron and has no idea what they speak of nor probably had any sizable amount of money in their lives so they have no experience.
If invested wisely, you can easily live off the DIVIDENDS/INTEREST of that investment, get something that pays 3% annually and you are getting $180K a year pre tax.
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**** off. I said "retire". The guy is maybe in his late 20s.
You're assuming he gets the whole $6M net.
You're assuming there aren't some big purchases he intends to make in the first year.
You're assuming $180K is significantly more than his current or predicted income as a doctor-to-be.
What is this magical investment that "pays 3% annually"? Do you have any ****ing idea what you're talking about?
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