DuckSouth.com

Show me where your getting 9%

REBEL DUCK wrote:Show me where your getting 9%

Last year i spred money across 3 funds based on the W4500, EFA and the S&P 500. That invesment averaged 18%. The same investment over the last 6 months has made roughly 6%. I shoot for 11% over the life of an investment to account for inflation. 9% is a very realistic figure for a 6 year investment but thats beside the point. At 3% compounding once a year for 6 years you would have $69830. Even if they were offering 0% interest for a $60000 dollar truck at the end of 72 months you would have a $20000 truck that you just sank $60000 into....idiotic.

mlj300 wrote:

REBEL DUCK wrote:Show me where your getting 9%

Last year i spred money across 3 funds based on the W4500, EFA and the S&P 500. That invesment averaged 18%. The same investment over the last 6 months has made roughly 6%. I shoot for 11% over the life of an investment to account for inflation. 9% is a very realistic figure for a 6 year investment but thats beside the point. At 3% compounding once a year for 6 years you would have $69830. Even if they were offering 0% interest for a $60000 dollar truck at the end of 72 months you would have a $20000 truck that you just sank $60000 into....idiotic.

So let me guess you buy a $3000 beater and drive it daily with a smile

I see your point I just need you to look over my SEPP and Fire the guy I have.

rjohnson wrote:

mlj300 wrote:

REBEL DUCK wrote:Show me where your getting 9%

Last year i spred money across 3 funds based on the W4500, EFA and the S&P 500. That invesment averaged 18%. The same investment over the last 6 months has made roughly 6%. I shoot for 11% over the life of an investment to account for inflation. 9% is a very realistic figure for a 6 year investment but thats beside the point. At 3% compounding once a year for 6 years you would have $69830. Even if they were offering 0% interest for a $60000 dollar truck at the end of 72 months you would have a $20000 truck that you just sank $60000 into....idiotic.

So let me guess you buy a $3000 beater and drive it daily with a smile

Nope, but i have always paid cash for what i could afford when i needed a vehicle. At this point i can buy some pretty nice stuff just with the money i've saved on interest over the years

Yep. Pay cash for vehicles. Pay yourself a car payment based on how nice a car you like to drive.

Smoke68 wrote:Yep. Pay cash for vehicles. Pay yourself a car payment based on how nice a car you like to drive.

This!

Smoke68 wrote:Yep. Pay cash for vehicles. Pay yourself a car payment based on how nice a car you like to drive.

Or simply get a loan and just pay it off early then drive it to the wheels fall off rinse and repeat. Err body situation different.

I guess you guys lived in tents till you could pay cash for your houses also.

rjohnson wrote:Or simply get a loan and just pay it off early then drive it to the wheels fall off rinse and repeat. Err body situation different.

This is what I have always done. That's why I have always said that you really don't want to buy one of my old vehicles. I have driven absolutely all of the fun out of it.

Of course, it sure is nice to drive the Escape my wife bought me (used) a few years ago. Now that her car is paid off, the extra money comes in pretty handy for future plans.

REBEL DUCK wrote:I guess you guys lived in tents till you could pay cash for your houses also.

Do you really not understand the difference?

jacksbuddy wrote:

rjohnson wrote:Or simply get a loan and just pay it off early then drive it to the wheels fall off rinse and repeat. Err body situation different.

This is what I have always done. That's why I have always said that you really don't want to buy one of my old vehicles. I have driven absolutely all of the fun out of it.

Of course, it sure is nice to drive the Escape my wife bought me (used) a few years ago. Now that her car is paid off, the extra money comes in pretty handy for future plans.

Yep have never traded in a vehicle with much life left on it. We have always only had one vehicle payment at a time making sure one is paid off. That works out pretty well. Back on topic by the time I need to get my next F150 I suspect they will want close to 80-90k for a new one. The rising prices of new ones are why the used ones still cost close to 30k with 50k+ miles on them. Same thing is happening to boats and everything else. Maybe a market correction will happen sometime soon or the prices will level off for a few years. One can hope right?

stang67 wrote:

REBEL DUCK wrote:I guess you guys lived in tents till you could pay cash for your houses also.

Houses usually appreciate. New vehicles never do. BIG difference.

Does a house appreciate to the amount of principal and interested you pay on it??? I highly doubt it but at least it does appreciate some and it's better than renting.

rjohnson wrote:

stang67 wrote:

REBEL DUCK wrote:I guess you guys lived in tents till you could pay cash for your houses also.

Houses usually appreciate. New vehicles never do. BIG difference.

Does a house appreciate to the amount of principal and interested you pay on it??? I highly doubt it but at least it does appreciate some and it's better than renting.

I'm sorry, but if you just look at the financial appreciation of a house for determination of value, you are missing the boat. That is exactly what caused the housing bubble a few years ago. You'd make more money if you rented a place and put the difference in high yield investments over 30 years. The true value of a home is in the form of the intangibles associated with it.

I remember in the past using the blue book dealer invoice as a tool to know what a good out the door price should be.

My new 2012 Z71 I found online and was being advertised for 25,999 or something close to that. The sticker price is showing close to what the online prices on today's dealer prices show. It looks to me that they have just changed the way they are marketing vehicles now.

So my question is to know what is the street price for a basic Z71 nowadays?

I kind of like haggling.