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oRenj9 posted:And just think, 12.5% is less than a typical loss year for the S&P500. I started making annual lump sum contributions to my IRA in 2007 and made my 2008 contribution early in the year, before the financial crisis. Index funds, safe stuff, what could possibly go wrong???? Ask me how thrilled I was in 2012 when I STILL had a negative lifetime return. It's a minor miracle I didn't panic along the way and do something worthy of this thread like cash it all out into tungsten futures.
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Dec 21, 2016 07:25
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Haha, I hear you. I started in earnest just in time for the dot com crash. Good times!
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Dec 21, 2016 07:34
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Krispy Kareem posted:You get really cheap rates through the dealership. Usually as an either/or to other promotions. Take 1% financing and forfeit XYZ dealer rebates. There is no free money. I got a higher rate in exchange for $2000 off the price and I ran the numbers and of course over the term of the loan it comes out to slightly more but I'm also paying it off ahead of schedule so it comes out a bit less so I guess it comes down to actually doing the math and being good about repayment 
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Dec 21, 2016 08:09
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Switchback posted:Guys he's got it all figured out quote:AWESOME POST, WITH LOTS OF DETAILS quote:Obviously you don't ride. 
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Dec 21, 2016 08:39
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I've seen this referenced many times, but I have never seen the full story, and I suspect it is hilarious/horrifying. Can someone point me in a direction?
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Dec 21, 2016 12:08
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wint is a funny Twitter account, the story implied by those two tweets isn't real
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Dec 21, 2016 12:44
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BEHOLD: MY CAPE posted:wint is a funny Twitter account, the story implied by those two tweets isn't real It's still real to me, dammit!
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Dec 21, 2016 13:44
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pig slut lisa posted:It's still real to me, dammit! We know that while that instance isn't real, the substance of the story occurs at an alarming rate in the wild.
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Dec 21, 2016 13:51
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It's funny that the guy owes $20k still on a Harley because even just $4k buys you a lot of motorcycle. "Harley people" are a special brand of stupid. You don't buy a Harley because you want a motorcycle, you buy it because you want a Harley.
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Dec 21, 2016 15:12
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Is it stupid to want a Harley?
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Dec 21, 2016 15:21
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The Bad With Money Thread - Obviously you don't ride
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Dec 21, 2016 15:21
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At our office Christmas party yesterday, one of my coworkers was complaining about how it was unfair that her credit card's 0% intro rate ran out right before Christmas and she had a large balance but can't pay it off because of Christmas spending. She thought that they scheduled it on purpose for December to rack up interest and late fees. She was complaining about how surprisingly expensive it is to have a kid, which is understandable, and her kid is 2 so he has been growing out of clothes quickly and she spends a ton of money on them. The conversation eventually revealed that her credit card was a Neiman Marcus store card and she had spent about $6,000 on clothes and shoes for her kid there. I did not even know that Neiman Marcus sold baby clothes. She also complained about how she dreads Christmas because of her mother-in-law's terrible gifts for her child. She mentioned that her MIL always buys clothes for her son and someone said, "Good!" and she went on to explain that her son has never worn any of the clothes his grandmother (her MIL) has bought him, because she buys them from Kohl's and Sam's Club ("and I don't want to offend anyone who shops there. It is fine for adults, but not for kids.") and she doesn't want her 2-year old to look like a "hood rat" in clothes from Kohl's. $6k on clothes and shoes in one year for a toddler when she has free brand new clothes available. I don't even get how she is attached to that brand either since it's not like there are very recognizable logos or styles of baby clothes from Neiman Marcus.
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Dec 21, 2016 15:26
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Subjunctive posted:Is it stupid to want a Harley? They're like the Apple of motorcycles, you're paying a premium for the brand name, not product quality.
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Dec 21, 2016 15:26
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Leon Trotsky 2012 posted:At our office Christmas party yesterday, one of my coworkers was complaining about how it was unfair that her credit card's 0% intro rate ran out right before Christmas and she had a large balance but can't pay it off because of Christmas spending. Man, if only they would warn you in advance which years Christmas is going to happen!
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Dec 21, 2016 15:27
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Subjunctive posted:Is it stupid to want a Harley? Harley is a very good marketing and consumer finance company that happens to make motorcycles.
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Dec 21, 2016 15:28
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WampaLord posted:They're like the Apple of motorcycles, you're paying a premium for the brand name, not product quality. So "no" if it matches my experience on laptops and operating systems. Gotcha.
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Dec 21, 2016 15:29
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Known Lecher posted:I started making annual lump sum contributions to my IRA in 2007 and made my 2008 contribution early in the year, before the financial crisis. Index funds, safe stuff, what could possibly go wrong???? I started my kid's 529 plan right before the Dot Com bust. I don't think I broke even until right before the Great Recession. My other kid's account, who managed to avoid two Bush recessions is poised to have about 30% more money when she starts school.
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Dec 21, 2016 15:33
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Sundae posted:SFO --> JFK, Taxi to Long Island, LIRR to NYP, NYP Amtrak to Boston, Bus from Boston to Nashua NH, taxi from Nashua to Manchester Airport, and then Manchester back out to SFO. Changing in everywhere under the sun. Somewhere in between, I'm supposed to visit a bunch of family, but I'm more or less just dreading the transit now. Leon Trotsky 2012 posted:$6k on clothes and shoes in one year for a toddler when she has free brand new clothes available.
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Dec 21, 2016 15:34
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Subjunctive posted:So "no" if it matches my experience on laptops and operating systems. Gotcha. Apple is not a good comparison. Harley makes very lovely motorcycles.
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Dec 21, 2016 15:36
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Enos Cabell posted:Apple is not a good comparison. Harley makes very lovely motorcycles. OK, thanks. I've never ridden one, so I don't have a basis for comparison with every other motorcycle which I also haven't ridden.
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Dec 21, 2016 15:54
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Enos Cabell posted:Apple is not a good comparison. Harley makes very lovely motorcycles. I don't follow you here 
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Dec 21, 2016 15:55
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Enos Cabell posted:Apple is not a good comparison. Harley makes very lovely motorcycles. But Harley doesn't make you buy a proprietary gas pump adapter
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Dec 21, 2016 16:11
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Hashtag Banterzone posted:But Harley doesn't make you buy a proprietary gas pump adapter Harley makes you buy all sorts of proprietary Harley poo poo to make your POS with outdated underpowered engines louder and covered in more dangly gaudy bits so you can pretend to be a badass while never actually riding anywhere.
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Dec 21, 2016 16:21
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Hashtag Banterzone posted:But Harley doesn't make you buy a proprietary gas pump adapter Well, https://aafes.lvhd.com/products/products.aspx?productID=4401
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Dec 21, 2016 16:21
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Guinness posted:7.5% is really high for an auto loan if you have even decent credit. The really really low sub-1% loans are manufacturer-subsidized rates on new cars, but a regular non-subsidized car loan should only run like 2-3% right now. I bought a 30k 2005 used car with half of it financed at 1.85% a few years ago, looks like they are doing 1.75% now. Shop around for credit unions. https://www.atfcu.org this is the one I used.
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Dec 21, 2016 16:37
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Being fat is BWM because you can no longer do anything under your own power so you have to buy an engine for each hobby. Running shoes replaced with a sport cars. Pedal bike replaced by a motorbike. Swim suit replaced by a skidoo. Canoe replaced by a motorboat. Skis replaced by a snowmobile. Hiking boots replaced by an ATV quad. Tent replaced by a motorhome. It's basically Barrie, Ontario. People who commute three hours a day so they can afford a giant house full of toys. The residents are laden with consumer debt and all the stores are pickup dealerships and stores for recreational engine things. A lot of recreational vehicles have absurd loan lengths to keep the price of a new boat $100 per month but effectively forever. Also there is zero secondary market value for most of these toys. cowofwar fucked around with this message at 16:45 on Dec 21, 2016 |
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Dec 21, 2016 16:42
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Known Lecher posted:Ask me how thrilled I was in 2012 when I STILL had a negative lifetime return. Krispy Kareem posted:I don't think I broke even until right before the Great Recession. Where you 100% equities or something? Content: renting at a loss because you want the residual income.
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Dec 21, 2016 16:46
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cowofwar posted:Being fat is BWM because you can no longer do anything under your own power so you have to buy an engine for each hobby. Yes, the only reason for having a car or motorcycle instead of a bicycle or running shoes is because you're fat. The whole 15 mph versus 100 mph makes no difference.
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Dec 21, 2016 16:47
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Subjunctive posted:Is it stupid to want a Harley? Apple makes objectionable engineering decisions to build a moat and inject tech into their respective markets. HD makes objectionable engineering decisions to reject the engineering decisions other non-American manufacturers embrace (e.g. liquid cooling, overhead cams, balanced crankshafts, efficient and powerful engine timing) to maintain consistency with past generations of Harley. If you're familiar with Corvette criticisms (LOL LEAFSPRINGS, pushrod v8s, etc) then it's a much more apt analogy.
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Dec 21, 2016 16:57
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ate all the Oreos posted:I got a higher rate in exchange for $2000 off the price and I ran the numbers and of course over the term of the loan it comes out to slightly more but I'm also paying it off ahead of schedule so it comes out a bit less so I guess it comes down to actually doing the math and being good about repayment that's fine, you're supposed to refinance it though after a couple of months though.
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Dec 21, 2016 17:06
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Day Man posted:Yes, the only reason for having a car or motorcycle instead of a bicycle or running shoes is because you're fat. The whole 15 mph versus 100 mph makes no difference.
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Dec 21, 2016 17:21
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monster on a stick posted:There were people getting upset over the minor dip earlier this year. Meanwhile, this post in my Facebook stream shows that Morty knows not to time the market:  edit: Thanks a lot, imgur. Edited to timg SpelledBackwards fucked around with this message at 02:43 on Dec 23, 2016 |
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Dec 21, 2016 17:31
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SpelledBackwards posted:Meanwhile, this post in my Facebook stream shows that Morty knows not to time the market: jesus christ timg Also not funny 
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Dec 21, 2016 17:33
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cowofwar posted:Sorry let me qualify that as fat lazy suburban consumer whore. Truly, the mall is full of mindless fucks
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Dec 21, 2016 17:42
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New to financing and stuff, how do I go about refinancing? ~10K car loan in April, $202 a month payments for 60 months at about 7.25% I have been paying the minimums while I've been paying off my higher % credit off. The current plan is credit card will be paid off this month freeing up $200. It was a joint credit card debt with the ex-wife, so I have been paying $100 less a month in child support as it's "her half". So the plan has been that extra $100 will go to the car for about $300 a month. I plan on it being at about $8K by the end of the year. I'm estimating being able to throw another $1K at it come tax time, and another $3K come April FAFSA payment. So, knowing how life works, I'm shooting on realistically having it down to $5K in April, 50% paid off in a year. The only other debt I have is about $2K to a family member at 0% who doesn't really care how quick I pay it back as long as I'm paying something. I currently throw her $50 a paycheck and then a couple hundred when I receive a big payment like FAFSA. I also watch her dog about 1 weekend a month for $100. So, do I just contact a credit union and let them know what I owe and that I'm looking to refinance?
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Dec 21, 2016 17:46
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Really wish I wasn't so fat so I could run 20 miles to work every day
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Dec 21, 2016 17:50
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Guest2553 posted:Where you 100% equities or something? 529 plans have at most 18 - 20 years to grow, and that's if you open them right when your kids are born. So they are pretty aggressive early on and get more conservative as your kid enters high school. I just logged on to compare returns. Daughter number 1, about a 40% return lifetime. Daughter number 2 is 80%. It's all in the timing.
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Dec 21, 2016 17:57
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Dwight Eisenhower posted:If you're familiar with Corvette criticisms (LOL LEAFSPRINGS, pushrod v8s, etc) then it's a much more apt analogy. Those are not objectionable engineering decisions. The Corvette is a completely modern, competitive sports car whose engineering decisions make sense given it's design. It is supposed to be a very compact FMR car and the engine design and rear suspension achieve that better than the alternatives (compare the hatches of the 370Z to the 'Vette). Naturally, a mid-engine Porsche would never share those designs because engine displacement is important in Germany and there'd be no room for an engine between the rear wheels. Harleys are overpriced crap that people buy purely for image. An entry-level Street Glider is like $22k while a Yamaha V-Star starts under $5k and they don't even sell a cruiser anywhere close to $22,000. At least Apple phones are at least priced and featured competitively. They may not have all the features of a high-end phone like an Galaxy S7, such as doubling as a hand-grenade, but it's not like you're paying three times the price for the same stuff.
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Dec 21, 2016 18:00
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edit: new title edit!ego symphonic posted:Really wish I wasn't so fat so I could run 20 miles to work every day This except I wish I was the Flash. I would save some small money this way.
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Dec 21, 2016 18:07
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All this auto loan chat made me go check my auto loan, the statements are at home because I never bothered setting up e-statements so I'm not certain, but I think my APR is just north of 6%, so gently caress me, right?
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Dec 21, 2016 18:11
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