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Grit dog

Black Diamond, WA

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Posted: 09/01/19 11:20am Link  |  Quote  |  Print  |  Notify Moderator

js218 wrote:

took the biggest gamble of my life in 2008, Ford stock dropped below a dollar invested 500k and Ford has made me enough money that I retired in 2012 totally debt free and will remain debt free until I'm pushing up daisy's.


You're my hero, literally.
If I could do that just once....lol.
Good for you and yours.
Heck if Ford made me millions, I might go buy a new one just to thank them!


"Yes Sir, Oct 10 1888, Those poor school children froze to death in their tracks. They did not even find them until Spring. Especially hard hit were the ones who had to trek uphill to school both ways, with no shoes." -Bert A.

hvac

Michigan

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Posted: 09/01/19 12:13pm Link  |  Quote  |  Print  |  Notify Moderator

If I did my math you have 4.5m on that one. Smart, very smart....

js218

on the road

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Posted: 09/01/19 12:27pm Link  |  Quote  |  Print  |  Notify Moderator

Actually a lot more than that sold 150k shares at $12.00, 2 years later sod 350k shares at $17.00, still have 35 shares.


2017 Haulmark 45' Super C 600hp, 12 speed I shift transmission, tandem drive axles, 3 stage engine brake, towing 26' trailer with an 08 explorer inside.
Jim

js218

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Posted: 09/01/19 12:28pm Link  |  Quote  |  Print  |  Notify Moderator

Still have 35k shares, for a rainy day.

js218

on the road

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Posted: 09/01/19 12:33pm Link  |  Quote  |  Print  |  Notify Moderator

My rig is on a Volvo chassis but I own a 08 Explorer, 2012 f250, 2017 f350 and 2018 Navigator. Tow the Explorer the others reside at 3 properties I own.

js218

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Posted: 09/01/19 12:44pm Link  |  Quote  |  Print  |  Notify Moderator

Looking at either a Mack or KW 6x6 to build a bad azz off road camper.

Huntindog

Phoenix AZ

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Posted: 09/01/19 05:14pm Link  |  Quote  |  Print  |  Notify Moderator

nickthehunter wrote:

Huntindog wrote:

mich800 wrote:

Huntindog wrote:

nickthehunter wrote:

Huntindog wrote:

...But paying off, your 6% loans results in 6% earnings, garuanteed, risk and tax free...
Clearly a false statement. You get zero earnings by paying a loan off. You get a savings of your own money you are not spending. Same as making a decision not to buy a snickers bar, money not spent, zero money earned. What you did do however, was lose the ability to earn potentially significant gains on the money you just spent to pay off that loan. And remember, you still have the ability to pay off the loan any time your gains no longer justify having it. In the meantime, you can gain very real earnings on which I gladly pay the tax, as I laugh all the way to the bank. My tax on 8.59% earnings is less than 2%.
Must be new math. So you are saving money... That is the same as earning it... The big difference is it is tax free, and risk free. There are NO investments paying over 8% that are risk free. You CAN and people DO lose money on such investments. You yourself only give your stats for the last 9 years.. How did 2008 work out for you?


Nick is actually correct. In simplest terms. If you have $100k in your gun safe and don't spend any of it, did you earn $100k that year? Spending frugally allows you to earn money by investing what you did not spend. But the simple act of not spending does nothing. If fact it is a net loser adjusting for inflation but very safe from market risk.


It also allows you to lose money, including your principle.
I notice how Nick does not talk about 2008, when just about everyone lost money on investments... True, most people have done alright, including myself since then, but even in a bull market, there are losers. In fact in todays market, it is harder than ever before to find safe investments that will pay more than what inflation and taxes will take.

Let me answer your question about 2008. Just Google The worse 10 years in stock market history and you'll have your answer. But no matter what I say, your mind is already made up and not open. So be it. But you really shouldn't be giving finacial advice if you think saving money and earning money is the same thing.

Just remember, I still have the money to pay off the loans any day I want plus I get to keep the accumulated earnings.

Actually, I want to thank you. It's people like you so afraid of losing money who play it so safe that you will take peanuts for return on your investments that allow people like me to borrow that money and only pay peanuts to you while i keep my money invested in more reasonable ways (remember that Google search).

Yup I lost money in 2008. Even worse I lost a whole ton of money last year. Guess what, I've already made back everyhing I lost last year, plus a boat load more on top of that this year.

So excuse me while I go pay my taxes.


You are making some incorrect assumptions about me. In 2008, I was at a field trial when the markets started tanking. There were a lot of people there that were visably shaken. One actually asked me what I was going to do.
I told him I was going to let it ride. The investments I had were just as solid then as they were before, and would bounce back... But what was different about my position vs many of the others is that my truck and TT were paid for. Others had to make a difficult decision.
Cash out their investments, therby locking in a loss to pay for their financed rigs, or let the banks take them back.
I did not have to make the hard choice. In fact I bought a new truck and TT with cash before the market recovered. Prices were REALLY good for awhile.

And while I was enjoying my paid for stuff with the money I did not have invested, my investments came roaring back.
So during this downturn, my lifestyle improved. Many of my aquaintences still haven't fully recovered.



Huntindog
100% boondocking
2010 Palomino Sabre 30 BHDS
84 gal. Grey. 84 gal. Black
2 bathrooms, no waiting
2020 Silverado High Country CC DA 4X4 Big Dually.



FishOnOne

The Great State of Texas

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Posted: 09/01/19 06:08pm Link  |  Quote  |  Print  |  Notify Moderator

And soon after GM got the big government bailout.


'12 Ford Super Duty FX4 ELD CC 6.7 PSD 400HP 800ft/lbs
"Built Ford Proud"
'16 Sprinter 319MKS "Wide Body"


GeoBoy

Bennington

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Posted: 09/01/19 07:18pm Link  |  Quote  |  Print  |  Notify Moderator

FishOnOne wrote:

And soon after GM got the big government bailout.

As did FCA and Ford took money for plant modernization.

* This post was edited 09/01/19 07:25pm by GeoBoy *

nickthehunter

Southgate, MI

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Posted: 09/01/19 08:10pm Link  |  Quote  |  Print  |  Notify Moderator

Wow, in 45 plus years I never had to cash in my inestments to pay off a loan. All I had to do was make a monthly payment. The 10 years of earnigs I already got should cover that nicely. But I am enjoying your fairy tales. Actually, that's probably a misnomer. There must be another phrase that's used for fantastical tales of sudden catastrophic failure, immediate bankruptcy, and an eternity of poverty; all in the same day.

* This post was last edited 09/01/19 08:40pm by nickthehunter *   View edit history

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