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Posted on 2/9/14 at 5:44 pm to hawgfaninc
Well, maybe it's a jab in your mind but I don't have any problem with Bass Pro or those who shop there (I'm one of them).
Posted on 2/9/14 at 5:45 pm to SunHog
quote:
Tech, do you even know what you are doing with your own math? Please continue to argue against excel and financial equations loaded into every financial textbook.
So are you telling me I'm wrong?
If a person puts $2k into an account which gets 10-12% interest from 19 years of age to 26 years of age....stops putting the initial $2k in and just reinvests the interest back into that account until they're 65....you're telling me they will not have $2-2.5mil by 65?
Posted on 2/9/14 at 5:49 pm to I Ham That I Ham
quote:
Well, maybe it's a jab in your mind but I don't have any problem with Bass Pro or those who shop there (I'm one of them).
Posted on 2/9/14 at 5:52 pm to Hawgeye
quote:
Hawgeye
You just want to argue today. You blatantly called out my equation with the word, No.
Now I posted the formula and you only want to focus on your question ignoring my original post of 10% investment over 40 years.
Posted on 2/9/14 at 5:54 pm to SunHog
this thread is off the hook.
Investing options
Gambling
Jesus
Alcohol
Addiction
MONEY MONEY MONEY
Dogs
Bass Pro Shops
Rockefellers
Subtle Jabs
Economic Development
Government bad / Government Good
Fort Smith
What are we missing? ohhh.... Anybody got any porn and WWJD bracelets...
Investing options
Gambling
Jesus
Alcohol
Addiction
MONEY MONEY MONEY
Dogs
Bass Pro Shops
Rockefellers
Subtle Jabs
Economic Development
Government bad / Government Good
Fort Smith
What are we missing? ohhh.... Anybody got any porn and WWJD bracelets...
Posted on 2/9/14 at 5:56 pm to Razorback Reverend
Fayetteville Ale Trail. What do you all think?
Posted on 2/9/14 at 5:58 pm to SunHog
quote:
If you invested for a 10% return over 40 yrs it would take you $2,300 a month put away to have $1 Million dollars in year 40. Good luck finding anything besides the stock market that pays a continual average rate of 10% return.
Was your original post.
As I said, no, a person doesn't have to invest $2300 a month to have 1 million in 40 years at 10% interest.
By your math, $2300 a month would be just over 27k saved a year. After 40 years that's 1,104,000 in savings.
At no point did you account for interest.
I showed you how a person can save $2000 a year for 7 years then only reinvest the interest made on money to have over $2million by the time they're 65.
Posted on 2/9/14 at 5:58 pm to Razorback Reverend
quote:
this thread is off the hook.
Investing options
Gambling
Jesus
Alcohol
Addiction
MONEY MONEY MONEY
Dogs
Bass Pro Shops
Rockefellers
Subtle Jabs
Economic Development
Government bad / Government Good
Fort Smith
What are we missing? ohhh.... Anybody got any porn and WWJD bracelets...
Touche'.
Posted on 2/9/14 at 6:03 pm to I Ham That I Ham
quote:
Well, maybe it's a jab in your mind but I don't have any problem with Bass Pro or those who shop there (I'm one of them).
k
why do you think the posters that take jabs at people that go to casino's, look like people that you'd see at a bass pro?
which means you think people that you'd see at bass pro would make subtle jabs about people that go to casino's...
Posted on 2/9/14 at 6:08 pm to hawgfaninc
quote:
why do you think the posters that take jabs at people that go to casino's, look like people that you'd see at a bass pro?
which means you think people that you'd see at bass pro would make subtle jabs about people that go to casino's...
Is that a riddle? So now you're just trying to frick with me and not have a conversation?
I said Bass Pro shops because I think it is a place that any Arkansan has probably been to and doesn't feel is a home to "undesirables". When I've been to the casino or Bass Pro I feel like I'm surrounded by pretty typical, normal people (not the lepers that they are made out to be).
This post was edited on 2/9/14 at 6:10 pm
Posted on 2/9/14 at 6:14 pm to Hawgeye
quote:
By your math, $2300 a month would be just over 27k saved a year. After 40 years that's 1,104,000 in savings.
That is correct.
What industry standard would you like to use?
Checking 0.5-1.5%
Savings 0.75-3%
Money market 1-2%
IRA 3.25%
We also have Junk Bonds, REITS, and I think I'm missing two others that fluctuate with tax implications.
Let's not add capital gains tax or net income to this either, we can stick to gross. You realize I'm trying to keep this as simple as possible for all to see.
Posted on 2/9/14 at 6:18 pm to SunHog
quote:
Touche'.
It's a great thread!
Posted on 2/9/14 at 6:20 pm to SunHog
I prefer growth stock
Bigger returns
But I don't want to work all my life
You understand you threw out the 10% number right?
I showed you how a person can obtain over $2mil by an annual 10-12% with an investment of $2000 year.
Bigger returns
But I don't want to work all my life
You understand you threw out the 10% number right?
I showed you how a person can obtain over $2mil by an annual 10-12% with an investment of $2000 year.
Posted on 2/9/14 at 6:20 pm to I Ham That I Ham
quote:
I said Bass Pro shops because I think it is a place that any Arkansan has probably been to and doesn't feel is a home to "undesirables". When I've been to the casino or Bass Pro I feel like I'm surrounded by pretty typical, normal people (not the lepers that they are made out to be).
ah well damn
I just interpreted what you said wrong. I see now that you were comparing the people in the casino's to the people at bass pro. thought you were saying the people that were taking the subtle jabs looked like people you'd see in bass pro
eta: my bad bruh
This post was edited on 2/9/14 at 6:24 pm
Posted on 2/9/14 at 6:35 pm to hawgfaninc
No problem
Posted on 2/9/14 at 6:53 pm to Hawgeye
quote:
You understand you threw out the 10% number right?
Yes I did. I need to stop assuming people understand tax implications, simple verses compounding interest etc. which can easily negate or effect a portion of your return. Also, not to confuse people with interest earned verses interest paid. They can work with or against each other.
quote:
I showed you how a person can obtain over $2mil by an annual 10-12% with an investment of $2000 year.
I do not disagree if you reinvest the interest (compound).
However, do not forget to add inflation, annual tax rate, capital gains and either compound or simple interest.
This post was edited on 2/9/14 at 6:55 pm
Posted on 2/9/14 at 7:04 pm to SunHog
quote:
I do not disagree if you reinvest the interest (compound).
I guess I need to stop assuming people are smart enough to reinvest the interest made off original investment.
Posted on 2/9/14 at 7:25 pm to Hawgeye
quote:
I guess I need to stop assuming people are smart enough to reinvest the interest made off original investment.
Some people just want to live and if they see a little more return on an investment they spend a little more or a lot more. There isn't a price paid for experiences, memories, friends, travel etc. but that all comes with whatever balance you see fit in your own life. The more money I make in life the less material things I want. Now, I seek more pleasure in the building process than the returns.
Just as I suggest towards the casinos in Arkansas... Let the citizens of this great state stay home for their personal exploits not in neighboring states.
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