yeah, i don't have the time or energy to bother wiht thatOriginally posted by: mugs
Er... wait, I think he means buy and resell used cars. Also talk to PAB, he'll give you all sorts of tips like cars with Jesus fish on the back are good moneymakers.
Originally posted by: mugs
Originally posted by: phatj
give it to me. I made 28% of the stock market since april. I'll give you half of the profit
You're delusional if you think you can maintain anything close to that.
No one in the history of the world has been able to maintain that type of rate. And even if you do maintain it for a little bit, people will take notice. People will copy you and make your choices earn a whole lot less than when you were a small fish in the giant sea. So even your wonderful strategy becomes less and less wonderful as time goes on.Originally posted by: crownjules
Why is he delusional? Because you're not smart and/or disciplined enough to do it? Why are you so quick to project your failures on to his successes? Or do you just buy into the whole 8-10% in a Vanguard account is ALL you can ever hope to achieve?
LOL!Originally posted by: mugs
Talk to PAB - you buy a used car and then flip it and commit insurance fraud.Originally posted by: Spooner
say wha?Originally posted by: audiotherapy
maybe flip some used cars for 10k....
Er... wait, I think he means buy and resell used cars. Also talk to PAB, he'll give you all sorts of tips like cars with Jesus fish on the back are good moneymakers.
I have a little outstanding college loan debt and a couple thousand i have on a credit without any interest (i just bought an HD TV hehe)Originally posted by: Fern
Suggestions not yet mentioned
1. You don't say if you have any debt (credit cards or car loan etc.), if you do look into paying those off/down. For example, if they are charging you 8%, paying them down /off is like making an 8% return on your investment.
2. Are you maxing out on your 401K? If not, do so and use the $10k to make up for the smaller paycheck. Then plan to have your 401k deduction adjusted down for when the $10k runs out.
Fern
Originally posted by: dullard
No one in the history of the world has been able to maintain that type of rate. And even if you do maintain it for a little bit, people will take notice. People will copy you and make your choices earn a whole lot less than when you were a small fish in the giant sea. So even your wonderful strategy becomes less and less wonderful as time goes on.
Thus, unless you are an all knowing god, it is delusional to think you can maintain 28% returns for years on end.
When it comes to the 401k, be careful of fees. It may not be in your best interest to invest more than that 6% if the fees are higher than you'd get if you invest in another form of retirement account.Originally posted by: Spooner
Interesting point made on the 401k deduction. I currently have it set at 6% because that is the max at which my company matches 100% so i'm really putting in double that. Anything more than that my company does not match
That is showing your delusions. None of them were consistant large gainers. They were large gainers, but not consistant.Originally posted by: crownjules
Your first comment is just a flat out lie. Jesse Livermore? George Soros? Warren Buffet?
Originally posted by: dullard
No one in the history of the world has been able to maintain that type of rate. And even if you do maintain it for a little bit, people will take notice. People will copy you and make your choices earn a whole lot less than when you were a small fish in the giant sea. So even your wonderful strategy becomes less and less wonderful as time goes on.Originally posted by: crownjules
Why is he delusional? Because you're not smart and/or disciplined enough to do it? Why are you so quick to project your failures on to his successes? Or do you just buy into the whole 8-10% in a Vanguard account is ALL you can ever hope to achieve?
Bill Miller is the person with the longest winning streak on record. And his returns are only 15.88%. In the same time period, an S&P index fund would have returned 11.03%. So use this information when thinking about MAINTAINING a 28% return. Can ATOT's own phatj really beat the record holder by almost twice.
Thus, unless you are an all knowing god, it is delusional to think you can maintain 28% returns for years on end.
Originally posted by: dullard
That is showing your delusions. None of them were consistant large gainers.Originally posted by: crownjules
Your first comment is just a flat out lie. Jesse Livermore? George Soros? Warren Buffet?
By the time he resigned as a fund manager in 1990, Magellan averaged a staggering 29.2% annualized return since inception, and only underperformed the S&P 500 twice while growing to more than $14 billion in assets with more than 1,000 individual stock positions.
Even they didn't have CONSISTANT 28% returns. Magellan averaging 29.2% had many years below 28% (and many above).Originally posted by: JS80
Citadel? Peter Lynch?
Originally posted by: Spooner
well, there's no gaurantee that i'll be buying in '07 though. Could be more like 08 or 09
I have other money that I could use toward a downpayment, so I don't even need this money to be all that liquid
Originally posted by: vi_edit
Right now you can pull around 5.1% at Vanguard in their "Prime" money market. If you wanted low risk, decent yield, that's probably your best and easiest option.
Originally posted by: JS80
There are day traders who get 20% returns a year consistently. It's harder for a fund manager with billions of dollars to manage to beat the market, but it is very feasible for an individual or a small hedge fund to have 20%+ returns a year. Even large hedge funds, such as Citadel, post uber returns over the long term.
Originally posted by: fitzov
Keep it in a paypal account that gets you 5% apr and a dividend every month--and it's liquid.
I'd like to eventually use this money toward a downpayment on a houseOriginally posted by: alrocky
Vanguard Prime Money Market Fund (VMMXX) is a good place to park your money until you figure out what to do with it. Please clarify, will you use this $10K towards the future home purchase or is this strictly for retirement investment purposes?
Live frugally and save as much as you can for the house.Listen to dullard, for this time window, savings or a CD.