Trump for prez?

Precisely. The stock market is a confidence based machine. 100%.

People don't invest in anything unless they feel good about a potential return. So when the market is up it's really hard for the average guy sitting at home to truly make any kind of intelligent decision on a market investment. Regardless of whether you have a 401k or retirement program.

The best thing you can do JD like I PMd you months ago is research man!!

Find out how the stock market works. It will freak you out.

It will also show you that if you walked up to people you know or strangers and asked them if they have any money in the stock market, almost all will say YES retirement. Few will say yes I do short term investments.

Then here's the greatest part. Ask them how much of that money is in their wallet now and in their checking account.

Almost all will say none!!!
Along with almost all will say "I'm in it for the long haul"

Chances are you'll never meet the guy who just spent $1000k on lunch that day.

Anyway man, research brother. It's a terrible place to be unless you're at the top.

So the best places to invest your money are the needs of every human being. That's the only sure thing.

Cmon Blacksheep. You and me. . . . We gonna buy green acres next year. Lol

Re:

I'm waiting out for the crash/dip in my shop house. It won't sell in this market like a cul de sac spec house on 1 acre....

Then maybe I'll be able to build or buy another place

LightBnDr said:

Precisely. The stock market is a confidence based machine. 100%.

People don't invest in anything unless they feel good about a potential return. So when the market is up it's really hard for the average guy sitting at home to truly make any kind of intelligent decision on a market investment. Regardless of whether you have a 401k or retirement program.

The best thing you can do JD like I PMd you months ago is research man!!

Find out how the stock market works. It will freak you out.

It will also show you that if you walked up to people you know or strangers and asked them if they have any money in the stock market, almost all will say YES retirement. Few will say yes I do short term investments.

Then here's the greatest part. Ask them how much of that money is in their wallet now and in their checking account.

Almost all will say none!!!
Along with almost all will say "I'm in it for the long haul"

Chances are you'll never meet the guy who just spent $1000k on lunch that day.

Anyway man, research brother. It's a terrible place to be unless you're at the top.

So the best places to invest your money are the needs of every human being. That's the only sure thing.

Cmon Blacksheep. You and me. . . . We gonna buy green acres next year. Lol

Click to expand...

Not really concerned about my 401k or hardcore relying on it like some people do. It's just there for when I get old or to draw out with penalty before I get old if I need it, and to reap the benefits of company matching. My company matches 100% of up to 6% of my check, so I put in 6% and let it ride. A couple years ago I swapped over from stable value fund, which is pretty much like a safe savings account, with little to no gains/losses, to one of the premix investment options set up through Siemens / Aon Hewitt. I put it in the lifecycle 2050 premix, like I plan to retire in 2050, more aggressive investment distribution, but has done well since I swapped it. Already gained $6500 this year alone, but it is susceptible to loss as well if the market does go bust.

Some people I work with put the maximum amount in their 401k, I mean like 15-20%. Like yeah, it's gonna be nice to be rich when I am old enough to draw it out (59.5 yrs old). That's crazy to sacrifice that much of your check now to me....you might not make it 59.5! In the meantime, I am beginning to invest in rental properties (investing in human needs). I am currently renting my old house out and the wife inherited one of her dad's rental properties last year when he passed away. Also inherited the picky tenants and a shitload of house problems too (electrical, structural, plumbing, flooring, etc), but they pay on time every month and that has pretty much been covering all expenses on upgrading and replacing said problems. Stresses the wife out, but it doesn't bother me. I actually enjoy it, so I plan on investing in more rental units, probably moreso after college. With the amount of problems with that one house, mowing the 3 or 4 yards that I have to mow, working full time, and school part time, I don't have a lot of free time left. I'd like to acquire enough properties on down the road to where I have to find a trustworthy property management company to manage them for me to keep my time freed up, but paying them to manage means less profitability, which means you need more property/revenues to make out good on it that way.

Ok so I'm gonna go out on a limb with quick math in my head.

Say you make $10,000 a month. You invest 6% into your account, your employer invests 6% to match you.

End of the year that leaves $14,400k you put into your account.

You cash out just before end of the year. You pay a 25% penalty. Assuming you would pay what I paid.

So out of the $14,400 you walk away with $10,800. You paid $3600 in penalty. You paid about 2% less in taxes than what you would have paid had you kept it through the year. Plus an extra $3600 that your company gave you as a "bonus" for drinking so much craft beer. So now at Christmas time every year you have at least $10,800 unless the market craps. Kinda like a savings account that blows the current inflation rate out of the water.

Then you can afford to buy and rehab those couple of extra rental props within a 5 year period? How old are you? You're like 25 right?

Psssh no brainer. That's an extra carbon fiber leg just cuz you want one.

Like I say, quick math. Correct me if I'm wrong

LightBnDr said:

Ok so I'm gonna go out on a limb with quick math in my head.

Say you make $10,000 a month. You invest 6% into your account, your employer invests 6% to match you.

End of the year that leaves $14,400k you put into your account.

You cash out just before end of the year. You pay a 25% penalty. Assuming you would pay what I paid.

So out of the $14,400 you walk away with $10,800. You paid $3600 in penalty. You paid about 2% less in taxes than what you would have paid had you kept it through the year. Plus an extra $3600 that your company gave you as a "bonus" for drinking so much craft beer. So now at Christmas time every year you have at least $10,800 unless the market craps. Kinda like a savings account that blows the current inflation rate out of the water.

Then you can afford to buy and rehab those couple of extra rental props within a 5 year period? How old are you? You're like 25 right?

Psssh no brainer. That's an extra carbon fiber leg just cuz you want one.

Like I say, quick math. Correct me if I'm wrong

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I am 30. I try not to mess with my 401k money much, but yeah it ends up being that if I wanted to take a sum of money out of it, the penalty and taxes are more than canceled out by the employer matching portion. I've only withdrew a small lump sum from it once in the 10 years I've had it. Borrowed a couple small loans against it too. One time $50 fee, then you pay the loan back to yourself at 3.25% interest. I mean it's handy to have for sure, I just don't plan to depend on it as the only saving grace when I get old enough to retire, if I live that long. I like the idea of rental properties because at any given time, I can cash one out should the need arise. No penalty. Although I would like to learn more about depreciation on rentals, I just recently learned of the depreciation recapture tax if I were to claim depreciation on a rental property. If I sold it in 5-10 years, I would have to pay a portion of the depreciation I claimed back as a tax. But I don't know enough about the math of it to know if depreciating is worth it or not, been meaning to call my tax guy who also has several rentals and ask him more about it. Ideally long term if you never planned to sell, I guess it would be beneficial to depreciate, but if you sold one or two in 10 years and had to pay a good chunk back, that would suck.

That's all thread hijack talk, derailed in typical hardline fashion, sorry. Squirrel!

Looks like job growth is trending along about the same...

http://www.politifact.com/truth-o-meter/statements/2017/apr/26/donald-trump/has-donald-trump-overseen-gain-500000-jobs-so-far/

Anyone at rally?

Myself, the old lady, and my boy was on our way to eat earlier and we saw his escort going down the highway. Was pretty cool. I've heard there's some protesting going on downtown. Of course.

kmcminn said:

Anyone at rally?

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Me went. It was great seeing Trump live. He spoke for 90 minutes and it was obvious he was enjoying himself and really wanted to be there. He feels right at home among us rednecks. Its amazing that someone his age could have his energy and enthusiasm at 9pm after working all week and travel from Jersey. There was a lot of love in that room and it went both ways. Glad I went. Then I came home and watched it all again on the DVR.

I can't stand Moore or Strange, one is a self promoting nutjob and the other is a slimeball crook. I didn't plan on voting at all, but now I will be in the voting line Tuesday morning holding my nose just because Trump wants Strange.

Hindsight is 20/20 but I now wish Sessions had not accepted the attorney general job.

Jacksonwolf39 said:

I've heard there's some protesting going on downtown. Of course.

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Nothing happened inside VB. But yeh, outside there were about 50 crybaby snowflake shitbird loosers toting signs and whining about everything you can imagine. 50 of them and many thousands of us.....pretty ****ing pathetic.

98TJ said:

..............I will be in the voting line Tuesday morning holding my nose just because Trump wants Strange.

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I thought Bill Clinton was the prez that wanted some strange.

I'd like to see OUR President at a rally in person too.

Big David said:

I thought Bill Clinton was the prez that wanted some strange.

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I hated that gun banning bastard, but the dude knew how to get the *****.

Speaking of which, I saw a substantial uptick in vagina frequency after the election but as time went on that stock has seen a steady decline and is nearly worthless. Should I trade it or hang on to it and hope for a recovery? There's a part of me that's saying "BUY, BUY, BUY", but my capital isn't right for it.

offroading said:

http://www.nj.com/news/index.ssf/2017/06/retail_closings_list_nj_2017.html

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Good. Maybe they'll quit building 200acre strip malls nation wide in every town with over 10k people.

Not sure how this belongs in this thread, but that has been coming for a LONG time. Walmart, then online stuff, Amazon, Jet etc, hell the 2 latter will likely knock a big hole in the former. Brick and Mortar retail is pretty dead. I found it very hard to run a 4x4 shop when the tax I had to charge (Near 10%) put me out of any profit at all compared to online guys slinging for 8% markup and huge volume. It's the direction we're headed. We will build big inter-modals and warehouses full of conveyors and robots instead of retail stores.

Walmart already bought jet.


Sent from my iPhone using Tapatalk

blacksheep10 said:

Not sure how this belongs in this thread, but that has been coming for a LONG time.

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Welcome to hardline, we derail every thread here.

Can't tell you the last time I went in a mall. Much less a trendy store. Academy is about as fancy as I get. Sears ****ed themselves with Chinese tools and backing out on their warranty so no lost love there either.

TBItoy said:

Good. Maybe they'll quit building 200acre strip malls nation wide in every town with over 10k people.

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It amazes me how many are still being built. Retail is mostly what we build at work. It amazes me how these retailers will close one store and go build a new one right down the road. We just started a new retail center there in Cookeville last month.