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totalnewbie posted:According to https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/ A busy neurosurgeon in private practice could have easily cleared $1MM/year, possibly much more with lucrative surgicenter or imaging facility ownership, especially through the 80s and 90s, so $50k/mo would be a realistic monthly nut after which to model our hypothetical aggressive index investor. Thanks for doing the math, my point really is that 40 years of compounding returns can make you really loving rich even off of relatively modest regular investments even if you aren't a shrewd and lucky speculator in niche real estate
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# ? Apr 26, 2019 03:50 |
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# ? Jun 8, 2024 20:43 |
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nothing
crazypeltast52 fucked around with this message at 05:31 on Apr 26, 2019 |
# ? Apr 26, 2019 04:13 |
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Since I posted, I would be a liar if I said I wouldn’t accumulate so much NFA poo poo when I’m old and give zero fucks. Picking up brass for reloading will be what finally throws out my back.
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# ? Apr 26, 2019 05:30 |
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NFA like the gun stuff??? I wouldn't be surprised if pre 1986 machine guns have been the best performing asset class in the past 40 years!
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# ? Apr 26, 2019 05:43 |
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GoGoGadgetChris posted:NFA like the gun stuff??? Unlikely. They're expensive on a 'things you put in the closet and shoot once a year' level, but not that big of a growth market. They aren't making any more of them, but they're a very durable good that mostly sits in safes 364 days a year, so the supply isn't decreasing noticeably either.
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# ? Apr 26, 2019 11:40 |
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Liquid Communism posted:Unlikely. They're expensive on a 'things you put in the closet and shoot once a year' level, but not that big of a growth market. They aren't making any more of them, but they're a very durable good that mostly sits in safes 364 days a year, so the supply isn't decreasing noticeably either.
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# ? Apr 26, 2019 11:50 |
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crazypeltast52 posted:Where in MN area you again? Goon Acres is the place to be Farm living is the life for me...
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# ? Apr 26, 2019 11:51 |
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John Smith posted:Are they mostly in the hands of consumers who just store them in safes though? I kinda imagine that maybe a lot of them are deployed in corporate security context or something more high-end. Finite supply and all. Those people all just have access to new registered poo poo. All it takes is having an FFL. This is why most rental places have post-86 guns. Really, though, they aren’t using MGs. The vast majority of corporate security type poo poo in the US is going to be fine with normal guns.
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# ? Apr 26, 2019 12:06 |
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Liquid Communism posted:Unlikely. They're expensive on a 'things you put in the closet and shoot once a year' level, but not that big of a growth market. They aren't making any more of them, but they're a very durable good that mostly sits in safes 364 days a year, so the supply isn't decreasing noticeably either. Mac10s have gone from ~$2k in 2003 to $8k today. MP5s from about 10k to about 40k. M76s used to be 5k, now they're 15.
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# ? Apr 26, 2019 12:48 |
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GoGoGadgetChris posted:Lucky bastard. My tiny dick set me back about $60k
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# ? Apr 26, 2019 13:11 |
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Phanatic posted:Mac10s have gone from ~$2k in 2003 to $8k today. MP5s from about 10k to about 40k. M76s used to be 5k, now they're 15. Does that include the cost of transferring the license, which is like $10g IIRC?
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# ? Apr 26, 2019 13:31 |
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Nocheez posted:Does that include the cost of transferring the license, which is like $10g IIRC? A tax stamp is $200.
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# ? Apr 26, 2019 13:41 |
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Bought a salon for $80k, old owner opens up salon across the block and is taking all the old customersquote:Title says it all, me and my family are not in the best of place because of this. If the old owner wanted to continue running their salon I don't understand why they would sell it and then open a new one the next day. Is there anything I can do? I have spent my life savings on this. Props to the former owner for completely destroying this person. jesus christ.
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# ? Apr 26, 2019 14:25 |
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Fitzy Fitz posted:Bought a salon for $80k, old owner opens up salon across the block and is taking all the old customers lollllllllllll why would you buy someone's business without an ironclad non-compete?!
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# ? Apr 26, 2019 14:31 |
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Fitzy Fitz posted:Bought a salon for $80k, old owner opens up salon across the block and is taking all the old customers Amazing
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# ? Apr 26, 2019 14:50 |
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Wasn't this a plotline in Parks and Rec.
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# ? Apr 26, 2019 15:05 |
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Elysium posted:Wasn't this a plotline in Parks and Rec. Almost. Dr.S wanted to buy Tom out and when you said no he opened Tommy's closet across the street and put rent-a-swag out of business.
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# ? Apr 26, 2019 15:12 |
Phanatic posted:Mac10s have gone from ~$2k in 2003 to $8k today. MP5s from about 10k to about 40k. M76s used to be 5k, now they're 15. drat I need to watch Lord of War and take notes because that seems GWM.
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# ? Apr 26, 2019 15:12 |
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colachute posted:drat I need to watch Lord of War and take notes because that seems GWM. I wouldn’t. The international and military markets work very differently than the US civilian market. Weapons will always be somewhat risky investments due to legislative vulnerability that can make them worthless overnight (see New Zealand and Connecticut) and to a lesser extent social stigma.
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# ? Apr 26, 2019 15:21 |
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Borrowing parents' 401Kquote:Hi everyone,
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# ? Apr 26, 2019 15:39 |
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I wonder how much they're paying for the wedding?
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# ? Apr 26, 2019 15:56 |
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Midjack posted:I wouldn’t. The international and military markets work very differently than the US civilian market. Weapons will always be somewhat risky investments due to legislative vulnerability that can make them worthless overnight (see New Zealand and Connecticut) and to a lesser extent social stigma. Margins might be good, but regulatory risks are high!
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# ? Apr 26, 2019 15:59 |
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Midjack posted:I wouldn’t. The international and military markets work very differently than the US civilian market. Weapons will always be somewhat risky investments due to legislative vulnerability that can make them worthless overnight (see New Zealand and Connecticut) and to a lesser extent social stigma. What major gun legislation happened after Connecticut? The one thing you can be sure about when it comes to mass shootings in the U.S. is that they're great for gun sales.
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# ? Apr 26, 2019 16:02 |
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Thanatosian posted:What major gun legislation happened after Connecticut? CT banned ownership, not just sale, of a bunch of types of weapons a couple of years ago so they had to either be surrendered or removed from the state. Something like that turns your $50k machine gun investment into a legal liability (insta jail) overnight.
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# ? Apr 26, 2019 16:14 |
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Page 102: don't talk about taking rent, the ethics posters might give us a hard time Page 103: I wonder if I could make money selling machine guns during times of high conflict
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# ? Apr 26, 2019 16:19 |
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Salt Fish posted:Page 102: don't talk about taking rent, the ethics posters might give us a hard time lol at the characterization of CSPAM as "ethics posters." Plus tankies fuckin LOVE guns.
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# ? Apr 26, 2019 16:37 |
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Midjack posted:CT banned ownership, not just sale, of a bunch of types of weapons a couple of years ago so they had to either be surrendered or removed from the state. Something like that turns your $50k machine gun investment into a legal liability (insta jail) overnight. According to the Wikipedia article, anything owned before the law went into effect you get to keep, you just have to register. https://en.wikipedia.org/wiki/Gun_laws_in_Connecticut Ham Equity fucked around with this message at 17:04 on Apr 26, 2019 |
# ? Apr 26, 2019 16:39 |
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ChickenOfTomorrow fucked around with this message at 03:06 on Apr 18, 2021 |
# ? Apr 26, 2019 17:00 |
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My 3 year old nephew is future fodder for this thread. He got a toy toolkit for his birthday and was extremely excited. He grabbed the hammer and said: "I'm a worker now! I'm going to use the hammer to break our car so we have to buy a truck!" I would definitely co-sign this kids $75k truck loan.
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# ? Apr 26, 2019 17:25 |
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H110Hawk posted:My 3 year old nephew is future fodder for this thread. He got a toy toolkit for his birthday and was extremely excited. He grabbed the hammer and said: "I'm a worker now! I'm going to use the hammer to break our car so we have to buy a truck!" no but you see I once had to pay $100 for delivery of a brand new refrigerator I won't be making THAT mistake again! edit: and with all the money I have sitting around that I saved from delivery fees I'll have to invest it in a boat, and of course I have to haul that! DaveSauce fucked around with this message at 18:10 on Apr 26, 2019 |
# ? Apr 26, 2019 18:08 |
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Adult children are eating into parent's retirement savings: Study quote:If you thought the Bank of Mom and Dad closed its doors after the kids have grown up, think again. Cacafuego fucked around with this message at 19:02 on Apr 26, 2019 |
# ? Apr 26, 2019 18:58 |
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Revenge for the boomers loving everything up
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# ? Apr 26, 2019 19:02 |
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quote:“We found that higher earners are more likely to sacrifice retirement savings,” said Kelly Anne Smith, a Bankrate.com analyst. “It’s a trend spanning across all different households.” Duh. A high earner that has been saving for retirement is likely to be all set, and additional money they make just goes into retirement - because they have nothing else to do with it other than that, and cut down a few years of working and/or fund a more lavish retirement. By definition, any money they don't put there is "sacrificing retirement savings." At some point you just don't need the amount of money you are bringing in (above and beyond "regular" retirement savings) if you're in that kind of fortunate high earner situation and have been living responsibly. This stinks of poorly asked survey questions.
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# ? Apr 26, 2019 19:06 |
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Motronic posted:This stinks of poorly asked survey questions.
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# ? Apr 26, 2019 19:07 |
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Motronic posted:This stinks of poorly asked survey questions. Extremely agree. I feel like what they were going for was, "children are bleeding their parents dry" What they accomplished was, "rich people are giving money to their kids while still alive" That said, I have a TON of coworkers who don't contribute a penny to their (generously matched) 401k because "I got kids, dude, I'm not gonna let them starve so I can play the stock market. You'll Understand When You Have Them (tm)"
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# ? Apr 26, 2019 19:09 |
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GoGoGadgetChris posted:That said, I have a TON of coworkers who don't contribute a penny to their (generously matched) 401k because "I got kids, dude, I'm not gonna let them starve so I can play the stock market. You'll Understand When You Have Them (tm)" *cue screams at void*
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# ? Apr 26, 2019 19:15 |
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your coworkers are having to choose between retirement and feeding their kids???? pay them more
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# ? Apr 26, 2019 19:15 |
GoGoGadgetChris posted:Extremely agree. “I don’t plan on being here long enough to vest it so I don’t contribute” is what I have heard people say a lot.
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# ? Apr 26, 2019 19:17 |
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Thanatosian posted:According to the Wikipedia article, anything owned before the law went into effect you get to keep, you just have to register. Yeah, ok I remembered wrong. My main point stands.
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# ? Apr 26, 2019 19:17 |
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# ? Jun 8, 2024 20:43 |
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colachute posted:“I don’t plan on being here long enough to vest it so I don’t contribute” is what I have heard people say a lot. Oh gently caress yeah, this all day. I would guess that at least half the workforce thinks their own contributions are subject to the vesting schedule as well.
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# ? Apr 26, 2019 19:18 |