RANT: Rise of the Aqua-Beowulf Empire

[Final_Rep]

Thailand...no thanks.

I'd probably setup shop in Monaco.

Nice deflection. Honestly though Monaco is so freaking expensive you might go broke.

KvK: what don't you like about Thailand?

Hish: I used to run... a lot. Best way to prepare is to put in the miles. Just run like Forrest Gump until thoust can run no more.

[kvk1]

KvK: what don't you like about Thailand?

Complete lack of interest in their culture, geography, customs, etc.

I'm sure they're great people and it's a great country. Just not my cup of tea.

[Hishiad]

Of course, if you don't mind the risk that comes along with it. 12% every year, good luck.
Of course, if you don't mind eroding purchasing power due to inflation nomsayn.

Okay, let's be reality if you had 500 million + and you lost a few 100k one year then gained back a few 100k the next year...and overall continued to gain at least a couple 100k each year would you be terribly worried?


I mean debt free I could COMFORTABLY live off 30-40k a year.

[Final_Rep]

Complete lack of interest in their culture, geography, customs, etc.

I'm sure they're great people and it's a great country. Just not my cup of tea.

I was there for a few weeks over Christmas and New Years. I learned to scuba dive, hiked through the jungle, chilled with monkeys trained to steal your wallet (they were chill if you got em drunk), and generally had a fantastic time. Except for the whole getting sick a couple times ;p

They have an incredible amount of musicians over there too. Mind was blown.

[PeterGibbons316]

There are limitations, yes. But once you pay the initial tax on that money you aren't taxed on it again, except for on property and sales, etc... (and money you make on interest of course)

Yeah, so say I make $1 million off the interest every year. Instead of giving $400,000 to the government in taxes, can I just donate $400,000 to various charities and non-profits?

The government spends money far less efficiently than any number of charities I could give to.

[Orlando1234977]

Okay, let's be reality if you had 500 million + and you lost a few 100k one year then gained back a few 100k the next year...and overall continued to gain at least a couple 100k each year would you be terribly worried?


I mean debt free I could COMFORTABLY live off 30-40k a year.

100k of 500 million would be .0002 or .02 of 1%. An example of the low risk category, no?

[Final_Rep]

Yeah, so say I make $1 million off the interest every year. Instead of giving $400,000 to the government in taxes, can I just donate $400,000 to various charities and non-profits?

The government spends money far less efficiently than any number of charities I could give to.

Not quite. Firstly it works based on your income... which is to say that the donations reduce your taxable income, not the taxes you pay directly. So even if you could write off a 400k donation your taxable income would still be 600k. (this is grossly simplified)

Edit: So here's some basic numbers around charitable deductions for ya:
Charitable Deduction Limits
Your deductions can't be more than 50% of your adjusted gross income (AGI) if the donations are to:
Public charities
Colleges
Religious organizations

Within that overall limit, gifts of appreciated property can't total more than 30% of your AGI. Appreciated property is property that's increased in value since you originally acquired it.

Donations to certain organizations, like veterans' groups, come under an overall 30%-of-AGI limit, with a 20% limit of AGI cap on gifts of certain appreciated property. - H&R Block

[Hishiad]

100k of 500 million would be .0002 or .02 of 1%. An example of the low risk category, no?

Exactly, so if you can make 10-12% is it going to hurt your feelings if one year it is only 7%??? nomisayin?

[Final_Rep]

If you had 500 million to invest you would diversify appropriately. Part of that 500 million would be in higher risk (maybe 20%) and a large portion would be in various bonds, secured debt and money market accounts. Pretty simple really IMHO. Just need that initial 500 million ;p

[Orlando1234977]

Exactly, so if you can make 10-12% is it going to hurt your feelings if one year it is only 7%??? nomisayin?

If you're chasing 10-12%, don't be surprised if you get negative returns, not 7% as a bad year. Then redo the math.

Show me an investment that yields 7 as the minimum with upside to 12 lololmaolol..

Plus, are you talking yield or total return?

[Farley1324]

Ugh, I agree.

My wife and I talked about this last week when the Mega Millions was so high. Everyone always talks about all the luxurious things they would buy - that's dumb. Put it in a risk-free investment and live like a king off the interest.

Well, with THAT kind of jackpot you could afford all kinds of swag.

I'd definitely be putting a quarter million away in separate accounts in each of our names (just one name each). I would also be sending some to institutions in other countries and I would be buying precious metals, especially gold, to store in a very nice safe at my (very secure) residence.

[Farley1324]

Also, The Ring is on TV. Man, I gag at that scene where she pulls the string out of her throat.

Good movie is good.

[Final_Rep]

Also, The Ring is on TV. Man, I gag at that scene where she pulls the string out of her throat.

Good movie is good.

Classic case of a good first movie followed by 'sequel' that is just a money grab imho.

[Farley1324]

Classic case of a good first movie followed by 'sequel' that is just a money grab imho.

I still haven't watched the second one

[Final_Rep]

I still haven't watched the second one

I'm probably being harsher on it than I need to be. It wasn't terrible. I'd watch it if you haven't.

[Farley1324]

I'm probably being harsher on it than I need to be. It wasn't terrible. I'd watch it if you haven't.

It is sitting on my DVR right now.

[PeterGibbons316]

Classic case of a good first movie followed by 'sequel' that is just a money grab imho.

Wasn't it based on a book or some Japanese movie or something like that, which already had a successful sequel?

[Final_Rep]

Wasn't it based on a book or some Japanese movie or something like that, which already had a successful sequel?

Yep, I forget the name but you're correct I believe.

[Farley1324]

Wasn't it based on a book or some Japanese movie or something like that, which already had a successful sequel?

Pretty sure yes. Could consult googe/wiki but don't really care.

[Final_Rep]

So I may have just put my name into the mix for new misc mods. Not expecting it to happen, but if it did... that would be interesting. I actually think I'd be a good misc mod, but not sure if I want the responsibility...

[Hishiad]

If you're chasing 10-12%, don't be surprised if you get negative returns, not 7% as a bad year. Then redo the math.

Show me an investment that yields 7 as the minimum with upside to 12 lololmaolol..

Plus, are you talking yield or total return?

Depends on what sort of investments you're looking for actually. I invest in long term mutual funds with a variety of funds and over the long term the yearly average of interest earned is/has been over 10% but if you're chasing yearly stock returns then yeah, not likely to get those sort of numbers since short term stock grabs are so up and down.


Then again being a millionaire would give one the time to actually get somewhat educated with day trading...unlikely to me a Gordon Gekko, but if you are smart and watch things you can buy low sell high and make good returns. Not like you'll need/have a day job to occupy your time. Most investor's get too caught up in the month to month or quarterly returns to understand that the only safe money is long-term investment money.

[Farley1324]

Depends on what sort of investments you're looking for actually. I invest in long term mutual funds with a variety of funds and over the long term the yearly average of interest earned is/has been over 10%

Examples?

[Hishiad]

Examples?

Most are funds specific to the 401k my work offers (Vanguard) so they aren't individual stocks, they are already diversified. But here's one of 'em that has (since my purchasing) yielded almost 12% gains.

Vanguard 500 Index Fund Investor Shares (VFINX)

http://finance.yahoo.com/q?s=VFINX


I also prefer the % return since inception...Stock funds that have 30+ years and have a historical average over 10% are normally what I try to target, sadly it is limited a bit by Vanguard since they aren't near as large of an investment company as say Fidelity.

[Orlando1234977]

Depends on what sort of investments you're looking for actually. I invest in long term mutual funds with a variety of funds and over the long term the yearly average of interest earned is/has been over 10% but if you're chasing yearly stock returns then yeah, not likely to get those sort of numbers since short term stock grabs are so up and down.

As long as you don't mind the negative return years (like I said).
Averaging 10-12% long term with no negative return years is of course unrealistic.. I think that was Bernie Madoff's pitch

[Hishiad]

As long as you don't mind the negative return years (like I said).
Averaging 10-12% long term with no negative return years is of course unrealistic.. I think that was Bernie Madoff's pitch

Well if I'm investing for next year, then I'm already doing it wrong.


I'm not currently actively investing as I'm working on erasing debt and having a large emergency fund (Dave Ramsey disciple). By the time I start investing again I'll try to read up a bit more and use Fidelity as my private investment group too. Vanguard isn't bad, but if my company wasn't matching I wouldn't be investing with them.

[theshoupguy]

I would pay off all debt (duh), give 10mil to my parents, 5mil to each of my siblings, set aside 25mil for wifey & childrens (to include college funds & "you haven't failed me" first car), and invest 50mil.

I'd like to build a getaway home on some sort of island area, like Bora Bora or Fiji. I don't know about any crazy cars, but a boat could be fun. And jetskis, awww yeah.

I would also give some of you fcksticks about $3.50 million the TBSD following the receipt of my winnings. Then it shall be declared The TBSD, and will be celebrated by rant bbqs funded by yours truly and interest earned each fiscal year by the flourishing business network that is the Lenco Dongs Corporation.

[Orlando1234977]

Most are funds specific to the 401k my work offers (Vanguard) so they aren't individual stocks, they are already diversified. But here's one of 'em that has (since my purchasing) yielded almost 12% gains.

Vanguard 500 Index Fund Investor Shares (VFINX)

http://finance.yahoo.com/q?s=VFINX


I also prefer the % return since inception...Stock funds that have 30+ years and have a historical average over 10% are normally what I try to target, sadly it is limited a bit by Vanguard since they aren't near as large of an investment company as say Fidelity.

Like I said, as long as you're willing to take the bad, to get the good. It gets worse than '7%' .

2008: Vanguard 500 Index Fund -38.52%
2002: Vanguard 500 Index Fund -23.36%

Also, the SEC yield on that fund is 2.02%.

Great fund for your 401k though/appreciation gains.

Well if I'm investing for next year, then I'm already doing it wrong.


I'm not currently actively investing as I'm working on erasing debt and having a large emergency fund (Dave Ramsey disciple). By the time I start investing again I'll try to read up a bit more and use Fidelity as my private investment group too. Vanguard isn't bad, but if my company wasn't matching I wouldn't be investing with them.

Vanguard/Fidelity, not much difference, no-load funds etc.. Vanguard 500 fund is huge.

I'm not knocking anything you're doing, it's just a different goal than what I addressed from Gibbons about risk free living off interest.

[Hishiad]

2008 is the worst year EVER to quote for returns....just sayin'


But like I said until I educate myself further I look at since inception return and target investments that have been around longer than I've been alive. I figure if they managed to produce a return for 30+ years during some of the worst markets since the first collapse then they are doing something right.

[Farley1324]

That grease the groove thread...oh lord.

Apparently 200 reps done throughout the day, grease the groove style, with 135lbs puts more strain on your nervous system than a single heavy set with 300 lbs...what the, I don't even.

[PeterGibbons316]

That grease the groove thread...oh lord.

Apparently 200 reps done throughout the day, grease the groove style, with 135lbs puts more strain on your nervous system than a single heavy set with 300 lbs...what the, I don't even.

lol, that kid is a total dumbass

Dude also happens to be a HUGE racist. He trolls the SS forums with his same BS.