Investing 102

[Vegas69]

Originally Posted by Flash68

Your 10+% guess is wrong. Way wrong. LOL

But I don't disagree that it is not for everyone. Not everyone has the risk tolerance to leverage and make their money work for them.

Tell me what it is Obi One Kenobe. Or do you want me to Google it for you? ha

[GregWeld]

Everyone loves to say they don't mind risk...... right up until they lose their ass.

[SSLance]

lol...

[Flash68]

Originally Posted by Vegas69

Tell me what it is Obi One Kenobe. Or do you want me to Google it for you? ha

I didn't give a specific number because there isn't one. Your personal tax rates and investment vehicles would dictate what the number would be. Unless you are being taxed at 150+%, it is not 10%.

Try to keep up.

Still love ya Todd.

Originally Posted by GregWeld

Everyone loves to say they don't mind risk...... right up until they lose their ass.

As you know, there's risky business and there's calculated risk.

Nothing in life is guaranteed.... except your kids getting diarrhea and puking after an international vacation.

[SSLance]

At this stage of my life, I abhor risk...and do everything I can to avoid it at any cost. Hence why some keep telling me to have a much larger mortgage than I am comfortable with.

Pretty sure I'll be filing a 1040EZ this year...and I'm VERY okay with that.

[Vegas69]

Originally Posted by Flash68

I didn't give a specific number because there isn't one. Your personal tax rates and investment vehicles would dictate what the number would be. Unless you are being taxed at 150+%, it is not 10%.

Try to keep up.

Still love ya Todd.



As you know, there's risky business and there's calculated risk.

Nothing in life is guaranteed.... except your kids getting diarrhea and puking after an international vacation.

You're full of &&&& too.

You'll have to tell me what I'm trying to keep up with? I'm simplifying and delegating every chance I get. More and more equals more bull**** to deal with. I've had plenty of that in the last 20 years. I'm headed for the simple life, my friend. Hope you are well...

[Flash68]

Originally Posted by SSLance

At this stage of my life, I abhor risk...and do everything I can to avoid it at any cost. Hence why some keep telling me to have a much larger mortgage than I am comfortable with.

Pretty sure I'll be filing a 1040EZ this year...and I'm VERY okay with that.

You're retired, right Lance? I don't blame you one bit. I don't want a big mortgage when I retire either.

Not sure who is telling you to have a bigger mortgage then you're comfortable with, but they suck.

Originally Posted by Vegas69

You're full of &&&& too.

You'll have to tell me what I'm trying to keep up with? I'm simplifying and delegating every chance I get. More and more equals more bull**** to deal with. I've had plenty of that in the last 20 years. I'm headed for the simple life, my friend. Hope you are well...

Who isn't full of SH%$ around here?

I just assumed you graduated from Investing 101 already.... my bad.

All joking aside, what is clearly illustrated in this discussion is the fact that we all have different situations.... different risk tolerances... and our differing ages and earning power drives a lot of these things. And that's why it's an Investing 102 discussion I guess.

I am happy whatever you are doing is working for you.

You are still without a cool car so you currently suck.

[SSLance]

Originally Posted by Flash68

You're retired, right Lance? I don't blame you one bit. I don't want a big mortgage when I retire either.

Not sure who is telling you to have a bigger mortgage then you're comfortable with, but they suck.

Well, I'm kinda retired... I'm not working a 9-5 anymore but I still have to do things to earn a living.

Mainly it's those that would rather have my money working for them while working for me that make suggestions such as this. Thankfully I quit listening to those types a LONG time ago.

[Vegas69]

Originally Posted by Flash68

You're retired, right Lance? I don't blame you one bit. I don't want a big mortgage when I retire either.

Not sure who is telling you to have a bigger mortgage then you're comfortable with, but they suck.




Who isn't full of SH%$ around here?

I just assumed you graduated from Investing 101 already.... my bad.

All joking aside, what is clearly illustrated in this discussion is the fact that we all have different situations.... different risk tolerances... and our differing ages and earning power drives a lot of these things. And that's why it's an Investing 102 discussion I guess.

I am happy whatever you are doing is working for you.

You are still without a cool car so you currently suck.

I have three cool cars, they are all paid for.

My strategy will stay similar. I like a small to no mortgage on my primary, invest 15% of gross income into retirement (half into vehicles I can access like individual stocks or an index fund to give me flexibility for opportunity), and take advantage of the real estate cycles. Try to buy low and sell high with investment properties when the numbers are great and the market is pessimistic. This is what I know and I'm content with where it got me at 41. Get rich quick, hardly, but I like the view from the tortoise. I don't have the desire to start over if I can help it.