Paying
Intermediate
Joined: Oct 2019
Posts: 37
Likes: 36
it’s cheapest by 7-10k not like half off....over a few years of ownership that’s minimal...think people just don’t want to pay for things they don’t value. I mean that’s a decent watch for us watch guys.
Instructor
Joined: Jun 2019
Posts: 187
Likes: 95
Banned Scam/Spammer
Joined: Sep 2016
Posts: 4,004
Likes: 3,929
From: Philadelphia PA (Birthplace of the USA, UNESCO World Heritage City)
Cash, unless I can find an arbitrage opportunity to using financing (ie. pay 4% interest but earn more elsewhere). Problem is the markets are very shaky right now and there are not many low risk (key words) other investments with a 5%+ RoR out there.
On a side note, a good rule of thumb is that toys like this should not be more than ~5% of your net worth unless you don't mind impacting other aspects of your finances, such as when to retire, etc.
On a side note, a good rule of thumb is that toys like this should not be more than ~5% of your net worth unless you don't mind impacting other aspects of your finances, such as when to retire, etc.
Last edited by ArmchairArchitect; Oct 25, 2019 at 10:46 AM.
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Le Mans Master
Joined: Aug 2004
Posts: 6,877
Likes: 531
It wasn't long ago when very wealthy investors were getting consistent 10 - 15% annual returns on their investments, regardless of market conditions. They invested with a well known and respected financial genius in New York. Only wealthy investors were allowed to invest in the fund, since he only accepted money from a select clientele who had substantial funds to invest. That financial genius was Bernie Madoff, and he conned investors out of $65 billion before his Ponzi scheme was discovered.
Even on legitimate investments the SEC has a mandatory disclaimer:
Past performance is no guarantee of future results.
People who lost 40 - 50% of their stock market investments in 2008 - 2009 are keenly aware of that disclaimer. But that won't happen again, right? Also even if it does happen, some think they are shrewd investors who know how to time the market, and avoid those kind of losses. OTOH if you want a federally guaranteed investment, you'll be lucky to get 3%.
Banned Scam/Spammer
Joined: Sep 2016
Posts: 4,004
Likes: 3,929
From: Philadelphia PA (Birthplace of the USA, UNESCO World Heritage City)
Past performance is no guarantee of future results.
People who lost 40 - 50% of their stock market investments in 2008 - 2009 are keenly aware of that disclaimer. But that won't happen again, right? Also even if it does happen, some think they are shrewd investors who know how to time the market, and avoid those kind of losses. OTOH if you want a federally guaranteed investment, you'll be lucky to get 3%.
People who lost 40 - 50% of their stock market investments in 2008 - 2009 are keenly aware of that disclaimer. But that won't happen again, right? Also even if it does happen, some think they are shrewd investors who know how to time the market, and avoid those kind of losses. OTOH if you want a federally guaranteed investment, you'll be lucky to get 3%.
Drifting
Joined: Aug 2003
Posts: 1,710
Likes: 974
From: H-Town
2024 Corvette of the Year Finalist - Unmodified
2023 C8 of the Year Winner - Unmodified
2921 C8 of the Year 2021 Modified Finalist
Damn, I guess I shouldn't have paid off my house? I've seen some Magnum P.I. commercials for a "reverse mortgage". Come to think about it, his Ferrari looked good in Red, I think i'll do that too, red that is, not Ferrari.
Drifting
Joined: Dec 2013
Posts: 1,787
Likes: 646
From: Retired to Mississsippi.
I'm Retired. I figured I would get a new Gig being a Board Member for an Oil Company owned by a Ukrainian Oligarch.
I have vast experience in the Field. I used to work at my Father's Flying A Gas Station back in the 60's.
It pays $82,000 a Month, so I only need to work there one Month to get a well equipped C8.
That being said, do people ask how someone paid to buy a $60,000 GMC Sierra Pickup Truck on their Forum?
I have vast experience in the Field. I used to work at my Father's Flying A Gas Station back in the 60's.
It pays $82,000 a Month, so I only need to work there one Month to get a well equipped C8.
That being said, do people ask how someone paid to buy a $60,000 GMC Sierra Pickup Truck on their Forum?
Melting Slicks
Joined: Aug 2000
Posts: 2,505
Likes: 42
From: Nashua NH
Le Mans Master
Joined: Oct 2005
Posts: 7,088
Likes: 1,829
From: Metro Detroit Michigan
Burning Brakes
Joined: Aug 2019
Posts: 780
Likes: 395
From: N Cent FL
... but let me say that my employer terminated our company's IRA plan, distributed it to us employees, and I rolled mine over to a set of Vanguard index funds on 10/22/2012. My account value is up 87.61% as yesterday's market close. That's 6.95 years which is a compound annual growth rate of 9.47%. Yes, I'm aware that the market has done very well over that period, but I'm comfortable with the stated 6.78% or even 7% average long-term stock market returns. It's probably actually somewhat higher than that ... but who knows what tomorrow will bring 
Last edited by ext; Oct 25, 2019 at 12:14 PM.
Melting Slicks
Joined: Jul 2014
Posts: 2,195
Likes: 479
From: Bonita Springs Florida
I'll trade and pay cash. Retired w/ income more than expenses, no debt. Not trying to build wealth @ this point in my life, trying to spend it so when I croak all we've managed to save doesn't go to some ingrate .