asinine wrote:
Challenge for people living above rock level: name each American worth more than Carl Icahn.
You might not be living under a rock I guess, but your mouth probably tastes an awful lot like rich-people-bootsole.
asinine wrote:
Challenge for people living above rock level: name each American worth more than Carl Icahn.
You might not be living under a rock I guess, but your mouth probably tastes an awful lot like rich-people-bootsole.
wowee! wrote:
asinine wrote:
Challenge for people living above rock level: name each American worth more than Carl Icahn.
You might not be living under a rock I guess, but your mouth probably tastes an awful lot like rich-people-bootsole.
I think you missed the sarcasm, brother.
Geez, Jamin is a half-decent LRC troll for sure. What his threads lack in content they more than make up for in attention-whorish clickbate titles. He’s learned well for Fox News. This thread deleted in 4-3-2-...
Icahn said that he was not buying stocks right now, and instead hoarding cash, because he thinks the stock market is overvalued.
People said the market was overvalued for years after the GFC, and eventually gave up and bought into the market, cause the returns were massive and they were missing out.
"Markets can remain irrational far longer than you or I can remain solvent" - John Maynard Keynes
asinine wrote:
Challenge for people living above rock level: name each American worth more than Carl Icahn.
I am definitely living under a rock. For example, I had never heard of this guy.
https://www.forbes.com/profile/john-mars/?list=rtb/#da0a9c345ae1party like it's 1859 wrote:
Apples and oranges between now and 2008. Real estate may very well be the only stable investment in the future.
I can’t wait to watch The Big Short 2 starring jamin and the guy who just made a Robinhood account in this thread.
Nick1985 wrote:
I'm new to investing and opened a robinhood account with 1000 dollars... I'm just trying to turn into 5000 dollars to pay off my car debt.... I agree with the post that the real estate market will crash.... Can anyone with some skill help me out... What stocks do I buy to position myself against the market... Or what 1 -5 dollar stocks can I buy to get a big gain... Need some guidance and any help would be much appreciated!
Your most powerful wealth-building tool is your INCOME. Use your INCOME to pay off your car debt ASAP. Do not try to outsmart the market, that is how you got in such a bad financial position to begin with. You WILL. NOT. turn $1000 into $5000 on demand. If it were that easy everyone would be doing it all the time. Pay off your debt and then invest for the long term.
Not in a bad position financially... Have paid off 25k or car I bought in October 2017. But have 17 months left.... Have about 15k saved up... Not worth paying off early with savings because most of the interest is paid and I'm basically at paying all principle every month.... Just want to speed it up because I have kid on the way coming in may... Have always wanted to play the markets but never had enough to put it into it... Figured throwing my stimulus into it would be better than just putting it in savings... While not very rational or probable I thought with some right moves I could speed up paying off the car..... What do you mean invest in the long term?? If I was to plan it out for 5 years what would be the best thing to invest in?
Nick1985 wrote:
Not in a bad position financially... Have paid off 25k or car I bought in October 2017. But have 17 months left.... Have about 15k saved up... Not worth paying off early with savings because most of the interest is paid and I'm basically at paying all principle every month.... Just want to speed it up because I have kid on the way coming in may... Have always wanted to play the markets but never had enough to put it into it... Figured throwing my stimulus into it would be better than just putting it in savings... While not very rational or probable I thought with some right moves I could speed up paying off the car..... What do you mean invest in the long term?? If I was to plan it out for 5 years what would be the best thing to invest in?
Pay off the rest of the car ASAP. You're not "only paying principal." Interest accrues every month that you don't pay it.
You won't get ahead "playing the market." What happens when you try to play the market and your bets lose 20%? Once you get out of debt and invest a sufficient amount in retirement (I recommend good growth stock mutual funds) and have money left over, you can "play the market" for fun. This is a luxury, NOT a way to get out of debt when you're desperate.
Congrats on the kid on the way and google my "7 baby steps" to learn how I teach people to get out of debt and build wealth.
Just make sure you buy stock index funds instead of that actively managed crap that Dave touts so he can get a kickback.
Hi Dave! Nothing against you as I love your content, but what made you choose to contribute to Letsrun instead to other forums on the web? What are your PRs?
wowee! wrote:
Oh WOW! This man is worth a lot of money! That should directly translate to how I invest. Oh wait, I invest like a sane person, a little bit each pay period into a low-fee mutual fund, and I don't worry about market fluctuations or trying to time it. Oh noooooo I could be a billionaire like this man if only I would obsessively follow the market and learn about famous investors aghhhhh
An actual logical approach to saving and investing! While the media projects doom because of little blips of time when the market tanks, anyone who has common sense knows what the outcome will be when you've invested for decades!