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A place for Get Rich Slowly readers to ask questions
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It is currently Thu Apr 28, 2016 2:53 pm

Viewing profile - VinTek

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Joined: Fri May 04, 2007 8:14 pm
Last visited: Thu Apr 28, 2016 12:56 pm
Total posts: 2153
[2.44% of all posts / 0.66 posts per day]
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Most active forum: Personal Finance
[ 1595 Posts / 74.08% of user’s posts ]
Most active topic: Stocks To Sell Off From This 1525-1530 Area in the S&P 500
[ 104 Posts / 4.83% of user’s posts ]



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VinTek Posts

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 Forum: Personal Finance   Topic: Invest solo or with Brokerage?

Posted: Thu Apr 28, 2016 12:24 pm 

Replies: 3
Views: 174

Can't your Merrill person put your investments in the same low-cost Vanguard ETFs? You don't have to buy those directly through Vanguard. So you're recommending that he buy funds from an entity where he has to pay a percentage of assets under management rather than hold them on his own for free? Why?

 Forum: Personal Finance   Topic: Need investment advice - $200k

Posted: Sun Apr 10, 2016 8:12 am 

Replies: 17
Views: 5090

I am sorry what it is 4% interest if OP reduces mortgage with 100k as I suggest he will pay less interest. It is true that he would pay less; it is also true that he would earn less. In the US, mortgage interest is typically tax-deductable; assuming that the OP lives in California (which also has a...

 Forum: Personal Finance   Topic: Need investment advice - $200k

Posted: Thu Mar 31, 2016 2:02 pm 

Replies: 17
Views: 5090

VinTek usually links to, "transparent investing" or something of the like. hopefully, he'll be by to provide it. Here ya go. Study, learn, and then come back to ask more questions. BF is spot on with regard to this. No one will ever care about your money as much as you do, so learn how to...

 Forum: Personal Finance   Topic: I am coming into 100k in a month, I've no idea how to use it

Posted: Thu Mar 31, 2016 2:00 pm 

Replies: 45
Views: 22037

you should know that the difference is that prostitution is wildly accepted in Europe and Asia while drugs are forbidden. Yes I am well aware of old Chinese culture with Opium, but today in modern world I can promise you would not like it if the Thailand police or Chinese police makes the assumptio...

 Forum: Personal Finance   Topic: Need new car- need advice

Posted: Sun Mar 20, 2016 9:04 am 

Replies: 8
Views: 1379

Less than 100K miles and you've had to have a transmission rebuild? And now you need new struts? Don't fool yourself. The Impala might indeed make it to 200K miles but what will it cost to get you there? Will you need an engine rebuild at 150K miles? Another transmission rebuild at 180K miles? Dump ...

 Forum: Personal Finance   Topic: How Magic the Gathering has made me more wealthy

Posted: Sun Mar 20, 2016 8:57 am 

Replies: 23
Views: 16136

This is not for people with careers. There are several people in this forum who are millionaires. None of us was handed a career. We built our careers. But, for young people, having 1 part-time job and being a small-time entrepreneur on the side is immensely better than working two crappy retail/fo...

 Forum: Personal Finance   Topic: How Magic the Gathering has made me more wealthy

Posted: Tue Mar 15, 2016 8:21 pm 

Replies: 23
Views: 16136

The idea is to buy cards at low prices, and sell at high prices. If I could apply that methodology to stocks, I'd be a millionaire. Oh wait, I am a millionaire. How silly of me to forget. Maybe this means that it's better to invest in things like companies that produce real goods and services, rath...

 Forum: Personal Finance   Topic: Mortgage vs. retirement contributions vs. savings

Posted: Sat Feb 20, 2016 12:05 pm 

Replies: 24
Views: 3108

By all means, dig in the wayback machine for us and find some precedent for the period of ~1995 to today that says these last 20 years have been normal and are a reliable basis to forecast future gains. The whole point of having you do the exercise is so you don't think I cherry-picked a period to ...

 Forum: Personal Finance   Topic: Mortgage vs. retirement contributions vs. savings

Posted: Sat Feb 20, 2016 10:05 am 

Replies: 24
Views: 3108

But here's a little exercise you can do for yourself without anyone cherry-picking data for you. Pick a 30-year period -- any 30-year period -- and look at the record for equities. You'll find that they outperformed bonds, certificates, housing, gold -- any other investment vehicle. You can incorpo...

 Forum: Personal Finance   Topic: Mortgage vs. retirement contributions vs. savings

Posted: Fri Feb 19, 2016 10:50 pm 

Replies: 24
Views: 3108

And if you don't pay attention to the massive downslopes, in which many lost everything they have, and pay attention to the absolute appreciation between, say, 1890 and 2014, yeah, it looks like a safe investment. Is the economy rigged against us? No. But we're certainly pawns in a larger game with...

 Forum: Personal Finance   Topic: Mortgage vs. retirement contributions vs. savings

Posted: Fri Feb 19, 2016 9:43 pm 

Replies: 24
Views: 3108

In reality, there's much less difference than the outdated graph above presents, and the author admits the shortcomings of the model. We do not yet have enough information to determine which is the "better" investment in any general sense. I suspect that housing vs. stocks is best thought...

 Forum: Personal Finance   Topic: Mortgage vs. retirement contributions vs. savings

Posted: Fri Feb 19, 2016 4:56 pm 

Replies: 24
Views: 3108

Not to get all tinfoil hat on you, but one does have to question why every single entity pushing for the bulk of retirement investment in tax-advantaged accounts benefits greatly from it Or it could be this: http://3.bp.blogspot.com/-xk6AskETuDE/TqQyaPCYy3I/AAAAAAAABL4/s-KeiYWc4mY/s1600/Housing%2Bv...

 Forum: Personal Finance   Topic: Live on less. Don't end up like my father.

Posted: Mon Feb 01, 2016 10:51 am 

Replies: 7
Views: 11187

alohabear wrote:
shadowscape wrote:
I also know that I'd rather save for retirement and emergency than spend my money on wine, expensive cheeses and gambling.

Your thinking seems to be very black and white.

That's just the way shadowscape rolls.

 Forum: Personal Finance   Topic: Why a small house is better than a big house

Posted: Sun Jan 31, 2016 10:19 am 

Replies: 12
Views: 2566

In addition to the points already given...here are a few more: 1. Bigger house can be a serious drag on your financial future. 2. With a smaller (more modest) home, you may become the richest person on the block instead of maxing out your mortgage and have sleepless nights due to financial stress. ...
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