The One Posted July 3, 2020 Share Posted July 3, 2020 Just now, Polaris 550 said: Yeah, kinda'. It's all up to the investor if they want the stress/risk for the potential gains. I don't recommend it to anybody. Not in America. This country is too volatile, too global, and too divided. The average gain of the market over many years is about 10%. Subtract your capital gains taxes and you're down to maybe 5-6%, for YEARS of DAILY STRESS and WORRY. Is it really worth it???????? And you know this , how ? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 3, 2020 Share Posted July 3, 2020 1 hour ago, Polaris 550 said: Yeah, kinda'. It's all up to the investor if they want the stress/risk for the potential gains. I don't recommend it to anybody. Not in America. This country is too volatile, too global, and too divided. The average gain of the market over many years is about 10%. Subtract your capital gains taxes and you're down to maybe 5-6%, for YEARS of DAILY STRESS and WORRY. Is it really worth it???????? Yes its worth it, and your math is wrong. max long term dap gains tax rates are only 30%, average is likely 20% Quote Link to comment Share on other sites More sharing options...
Guest Posted July 3, 2020 Share Posted July 3, 2020 37 minutes ago, DriftBusta said: Yes its worth it, and your math is wrong. max long term dap gains tax rates are only 30%, average is likely 20% For many years I only gained about 5% per year. A year of worry and stress. If I had sold during that time CAP GAINS would have brought me down to like a lousy 3% gain for years of worry and stress. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 4, 2020 Share Posted July 4, 2020 1 hour ago, Polaris 550 said: For many years I only gained about 5% per year. A year of worry and stress. If I had sold during that time CAP GAINS would have brought me down to like a lousy 3% gain for years of worry and stress. So what are your alternatives that don't involve worry and stress? Thankfully, bond funds have been performing like they should this year. One of the few safe havens. Bond Fund of America ftw. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 4, 2020 Share Posted July 4, 2020 LTG tax rate now caps out at 20% you should relax about things and just roll with the market. You only lose money if you need to sell. You should follow this guys advice- he is the new king of investing Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 4, 2020 Share Posted July 4, 2020 (edited) 1 hour ago, DriftBusta said: So what are your alternatives that don't involve worry and stress? Thankfully, bond funds have been performing like they should this year. One of the few safe havens. Bond Fund of America ftw. So this is what I'm looking at for my next investment. https://www.bridgingfinance.ca/a-first-for-canada-an-indigenous-focused-fund-that-projects-8-per-cent-returns/ Edited July 4, 2020 by ArcticCrusher 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 4, 2020 Share Posted July 4, 2020 1 hour ago, DriftBusta said: So what are your alternatives that don't involve worry and stress? Thankfully, bond funds have been performing like they should this year. One of the few safe havens. Bond Fund of America ftw. See, it's the lure of greed that I will have a big day, and make a bundle that day, that keeps me in the market, the way I am. Basically high risk, aggressive portfolio. I do have some days days where I make numerous dollar bills. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 4, 2020 Share Posted July 4, 2020 (edited) 17 minutes ago, Polaris 550 said: See, it's the lure of greed that I will have a big day, and make a bundle that day, that keeps me in the market, the way I am. Basically high risk, aggressive portfolio. I do have some days days where I make numerous dollar bills. Then quit your bitching. My only point is that you're only on this earth for a limited number of years. If you're not taking 5-7% of your asset balance out every year and living life with it, you're just more than likely going to leave it to your heirs. I just bought this cruiser this week. You should buy one too. Ftw! Edited July 4, 2020 by DriftBusta 7 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 6, 2020 Share Posted July 6, 2020 nice truck. rams really done well Quote Link to comment Share on other sites More sharing options...
Guest Posted July 6, 2020 Share Posted July 6, 2020 I'm like closing-in on my all-time high. The corona sucks. The race stuff sucks. Money isn't everything. Too may Americans suck. Quote Link to comment Share on other sites More sharing options...
1jkw Posted July 6, 2020 Share Posted July 6, 2020 3 hours ago, Polaris 550 said: I'm like closing-in on my all-time high. The corona sucks. The race stuff sucks. Money isn't everything. Too may Americans suck. All put together they don't suck near as much as you. 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 6, 2020 Share Posted July 6, 2020 2 hours ago, 1jkw said: All put together they don't suck near as much as you. I don't suck. I'm wealthy, and have a beautiful estate. Quote Link to comment Share on other sites More sharing options...
Anler Posted July 6, 2020 Share Posted July 6, 2020 7 hours ago, Angry ginger said: nice truck. rams really done well Its the MAGA truck Quote Link to comment Share on other sites More sharing options...
Guest Posted July 7, 2020 Share Posted July 7, 2020 My ATH was on Wednesday, Feb. 19, 2020. Passed it today. 4 1/2 months, with Corona, race riots, can't complain. Quote Link to comment Share on other sites More sharing options...
awful knawful Posted July 7, 2020 Share Posted July 7, 2020 Yep those new ram hds are nice! Quote Link to comment Share on other sites More sharing options...
The One Posted July 7, 2020 Share Posted July 7, 2020 1 hour ago, Polaris 550 said: My ATH was on Wednesday, Feb. 19, 2020. Passed it today. 4 1/2 months, with Corona, race riots, can't complain. Horse shit Quote Link to comment Share on other sites More sharing options...
The One Posted July 7, 2020 Share Posted July 7, 2020 4 hours ago, Polaris 550 said: I don't suck. I'm wealthy, and have a beautiful estate. More HORSESHIT Quote Link to comment Share on other sites More sharing options...
The One Posted July 7, 2020 Share Posted July 7, 2020 4 hours ago, Polaris 550 said: I don't suck. I'm wealthy, and have a beautiful estate. Ur place is a dump , you have no wealth and yes you suck!!! 1 Quote Link to comment Share on other sites More sharing options...
The One Posted July 7, 2020 Share Posted July 7, 2020 On 7/3/2020 at 9:55 PM, Polaris 550 said: See, it's the lure of greed that I will have a big day, and make a bundle that day, that keeps me in the market, the way I am. Basically high risk, aggressive portfolio. I do have some days days where I make numerous dollar bills. LIAR Quote Link to comment Share on other sites More sharing options...
awful knawful Posted July 7, 2020 Share Posted July 7, 2020 On 7/3/2020 at 10:59 PM, DriftBusta said: Then quit your bitching. My only point is that you're only on this earth for a limited number of years. If you're not taking 5-7% of your asset balance out every year and living life with it, you're just more than likely going to leave it to your heirs. I just bought this cruiser this week. You should buy one too. Ftw! I was actually just looking at one here an hour or so before you post at local dealer. Grey, megacab, black out option...... $101k on the window! Beautiful truck though. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 7, 2020 Share Posted July 7, 2020 5 hours ago, awful knawful said: I was actually just looking at one here an hour or so before you post at local dealer. Grey, megacab, black out option...... $101k on the window! Beautiful truck though. Thats insane Quote Link to comment Share on other sites More sharing options...
Anler Posted July 7, 2020 Share Posted July 7, 2020 2 minutes ago, DriftBusta said: Thats insane Its completely insane, I refuse to pay that for a work vehicle. That truck you posted is a gas engine? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 7, 2020 Share Posted July 7, 2020 5 minutes ago, DriftBusta said: Thats insane Thats Canadian, still insane. 101/1.4=72 Quote Link to comment Share on other sites More sharing options...
awful knawful Posted July 7, 2020 Share Posted July 7, 2020 13 minutes ago, DriftBusta said: Thats insane Yep. Canadian $. I think promos may be $6000 off. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 7, 2020 Share Posted July 7, 2020 On 7/3/2020 at 3:55 PM, Polaris 550 said: Yeah, kinda'. It's all up to the investor if they want the stress/risk for the potential gains. I don't recommend it to anybody. Not in America. This country is too volatile, too global, and too divided. The average gain of the market over many years is about 10%. Subtract your capital gains taxes and you're down to maybe 5-6%, for YEARS of DAILY STRESS and WORRY. Is it really worth it???????? Retirement accounts don't have a capital gains tax. Unless you are a real baller, the long-term capital gains tax is only 15%. Worst case 20%. On 7/3/2020 at 7:21 PM, DriftBusta said: So what are your alternatives that don't involve worry and stress? Thankfully, bond funds have been performing like they should this year. One of the few safe havens. Bond Fund of America ftw. Many have thought interest rates could only go up before corona. That's the way they were headed anyways. When rates go down, bond prices go up. As long as they aren't junk bonds the chance of default is pretty low, even with covid. Quote Link to comment Share on other sites More sharing options...
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