DriftBusta Posted June 29, 2018 Share Posted June 29, 2018 8 hours ago, revkevsdi said: I don’t know Ben, you claim to be smarter than average, you claim to have some serious talent, yet you want to invest your money with some douche who had only his own interest at heart. Why not nut up and buy a busIness in your own field? Hell Articdipshit’s wife makes more than 98% of the people on this site and his earnings dwarf hers. He’s self employed, you can do it too. His money is in a 401k, which is a fiduciary account, and any money manager he may have for it only earns a few basis points on it regardless of what he's invested in. Jesus you are one clueless angry dipshit. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 29, 2018 Platinum Contributing Member Share Posted June 29, 2018 (edited) 12 hours ago, revkevsdi said: I know this is simplistic but if the average company in the Dow is trading at 30 times earnings. Wouldn't that logically mean that if you bought all of the company's stock, it would take 30 years to recover your investment. However if you had real capital and decided to buy a small business that trades between 3 and 5 times earnings, it would take on average 4 years to recover your investment. Well to start any small business thats worth a shit wont sell for 4 x's earnings, especially in a strong economic environment. Edited June 29, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 I see RevBeta is putting that Senior Kindergarten education to good use in here. And it only took him five tries to get it. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 8 hours ago, revkevsdi said: I don’t know Ben, you claim to be smarter than average, you claim to have some serious talent, yet you want to invest your money with some douche who had only his own interest at heart. Why not nut up and buy a busIness in your own field? Hell Articdipshit’s wife makes more than 98% of the people on this site and his earnings dwarf hers. He’s self employed, you can do it too. Poor RevBeta, when riding daddy's coat tails just isn't enough. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 18 minutes ago, Highmark said: Well to start any small business thats worth a shit wont sell for 4 x's earnings, especially in a strong economic environment. Don't tell him that. Surely Amazon trading at 1000 x's earning has been a terrible buy. It would take 1000 years to double your money. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 29, 2018 Share Posted June 29, 2018 5 hours ago, DriftBusta said: His money is in a 401k, which is a fiduciary account, and any money manager he may have for it only earns a few basis points on it regardless of what he's invested in. Jesus you are one clueless angry dipshit. Maybe you are the clueless dipshit. Can the 401k invest in mutual funds which also charge a fee? Can they have fee for buying and selling? Quote Link to comment Share on other sites More sharing options...
Dave Posted June 29, 2018 Share Posted June 29, 2018 1 minute ago, revkevsdi said: Maybe you are the clueless dipshit. Can the 401k invest in mutual funds which also charge a fee? Can they have fee for buying and selling? You call him a dipshit...and then ask him a question. Pure gold. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 29, 2018 Share Posted June 29, 2018 Just now, DAVE said: You call him a dipshit...and then ask him a question. Pure gold. And stalker Dave just ready to pounce with a stupid comment. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 23 minutes ago, revkevsdi said: Maybe you are the clueless dipshit. Can the 401k invest in mutual funds which also charge a fee? Can they have fee for buying and selling? Yes, typically its 2% a year to both the fund company and the adviser as management fees, then 5% to buy and 3% to sell. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 22 minutes ago, DAVE said: You call him a dipshit...and then ask him a question. Pure gold. Holy fuck. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 29, 2018 Share Posted June 29, 2018 1 minute ago, ArcticCrusher said: Yes, typically its 2% a year to both the fund company and the adviser as management fees, then 5% to buy and 3% to sell. So someone who gets to keep charging ben every time he jumps in and out of funds is in for a good time. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 9 minutes ago, revkevsdi said: So someone who gets to keep charging ben every time he jumps in and out of funds is in for a good time. I got some land also for sale, prime (little soggy) real estate. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted June 29, 2018 Platinum Contributing Member Share Posted June 29, 2018 34 minutes ago, revkevsdi said: And stalker Dave just ready to pounce with a stupid comment. Hey SnowRider Lite...you come here for attention but then when you get it, you say everyone is a stalker 1 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 29, 2018 Share Posted June 29, 2018 23 minutes ago, Skidooski said: Hey SnowRider Lite...you come here for attention but then when you get it, you say everyone is a stalker Only called Dave a stalker. Lying is second nature to you Trumpsters. No wonder you like him so much. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted June 29, 2018 Platinum Contributing Member Share Posted June 29, 2018 7 minutes ago, revkevsdi said: Only called Dave a stalker. Lying is second nature to you Trumpsters. No wonder you like him so much. Try Dave, Zamboni and ArcticCrusher at a minimum. You idiot...you act like there's not a search function here Who's the liar now? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted June 29, 2018 Share Posted June 29, 2018 2 hours ago, DAVE said: You call him a dipshit...and then ask him a question. Pure gold. I know, wtf. 1 hour ago, ArcticCrusher said: Yes, typically its 2% a year to both the fund company and the adviser as management fees, then 5% to buy and 3% to sell. Maybe in Canada, but not in the us. Fees are much lower. I get 50 basis points to manage a 401k. In a privately held IRA the fee starts at 1.35% and goes down as assets go up, or you can buy A share mutual funds for 3.5-5.75% one time fee, and no charge to sell. Either way hes off into left field. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted June 29, 2018 Author Share Posted June 29, 2018 8 hours ago, racer254 said: Should be nothing for you to worry about then. Why the alarm? I’m not alarmed. So settle down sunshine. I still have a large portion of retirement assets tied up in WRS. I can’t touch that that or move it around. It’s a nice blend of stuff and it has been managed well. Still, it’s exposed. I’ll get back in when and if the trade disputes are settled. The market will take off like a rocket following any moves such as that. You’ll probably see a 20% increase of the Dow. Then I’m out again. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 29, 2018 Share Posted June 29, 2018 32 minutes ago, DriftBusta said: I know, wtf. Maybe in Canada, but not in the us. Fees are much lower. I get 50 basis points to manage a 401k. In a privately held IRA the fee starts at 1.35% and goes down as assets go up, or you can buy A share mutual funds for 3.5-5.75% one time fee, and no charge to sell. Either way hes off into left field. It was a joke, see below. For mutual funds fees, A series funds the mer's include management and trailer fees for advisers/brokers, typically about 2.2%, F series funds strip out trailer fees (0.7% to 1.5%) and are paid out separately and negotiated based on net worth. No load funds pay only management fees and possibly very little to a broker. There is no fee to buy or sell these except for short term trading penalties. Commissions for buying or selling mutual funds of any kind are virtually non existent in Canada. F series sound like your privately held IRA, you can hold anything, mutual funds, stocks, bonds, etc. Beta is in very left field. 2 hours ago, ArcticCrusher said: I got some land also for sale, prime (little soggy) real estate. Quote Link to comment Share on other sites More sharing options...
f7ben Posted June 29, 2018 Share Posted June 29, 2018 3 hours ago, revkevsdi said: So someone who gets to keep charging ben every time he jumps in and out of funds is in for a good time. I get charged nothing to realign my funds you poor stupid fucking drooling retarded halfman coat tail riding beta 1 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 30, 2018 Share Posted June 30, 2018 (edited) 10 hours ago, Skidooski said: Try Dave, Zamboni and ArcticCrusher at a minimum. You idiot...you act like there's not a search function here Who's the liar now? Evidently there are 100 people on this site, you named 3 and said I called everyone a stalker. I don’t recall saying arctic Trumpster and Zambo the clown were stalking me. But regardless in this instance I rightly accused stalker Dave and you are a liar. Just like trump. Edited June 30, 2018 by revkevsdi 1 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 30, 2018 Share Posted June 30, 2018 7 hours ago, f7ben said: I get charged nothing to realign my funds you poor stupid fucking drooling retarded halfman coat tail riding beta What are your fees wire licker? Quote Link to comment Share on other sites More sharing options...
f7ben Posted June 30, 2018 Share Posted June 30, 2018 Just now, revkevsdi said: What are your fees wire licker? What's that got to do with you asserting my having realigned my funds a few times was costing me money? Just back out slowly dumbfuck....you brought a knife to a gun fight. Fucking idiot Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 30, 2018 Share Posted June 30, 2018 17 hours ago, Highmark said: Well to start any small business thats worth a shit wont sell for 4 x's earnings, especially in a strong economic environment. What has the p/e on the small businesses you’ve looked at been? Have you had offers on your business? I’ve seen a lot of businesses for sale in the 3-5 range. I’ve had a lot of speculators call. They all claim 3-5 is the range. I said let me know if someone is in the 7 range otherwise don’t call again. I haven’t looked since we started our new venture over a year ago so maybe Trudeau has caused things to take off. Who knows Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted June 30, 2018 Share Posted June 30, 2018 7 minutes ago, f7ben said: What's that got to do with you asserting my having realigned my funds a few times was costing me money? Just back out slowly dumbfuck....you brought a knife to a gun fight. Fucking idiot I don’t need to bring any weapon to have a go at a punch drunk wire licker like you. You just keep buying high and selling low dumbass. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted June 30, 2018 Share Posted June 30, 2018 29 minutes ago, revkevsdi said: What has the p/e on the small businesses you’ve looked at been? Have you had offers on your business? I’ve seen a lot of businesses for sale in the 3-5 range. I’ve had a lot of speculators call. They all claim 3-5 is the range. I said let me know if someone is in the 7 range otherwise don’t call again. I haven’t looked since we started our new venture over a year ago so maybe Trudeau has caused things to take off. Who knows smh Quote Link to comment Share on other sites More sharing options...
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