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It is currently Wed Sep 28, 2016 11:45 pm



Viewing profile - VinTek

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VinTek
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Joined: Fri May 04, 2007 8:14 pm
Last visited: Mon Sep 12, 2016 4:33 pm
Total posts: 2209
[2.47% of all posts / 0.64 posts per day]
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Most active forum: Personal Finance
[ 1642 Posts / 74.33% of user’s posts ]
Most active topic: Stocks To Sell Off From This 1525-1530 Area in the S&P 500
[ 104 Posts / 4.71% of user’s posts ]

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VinTek Posts

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 Forum: Personal Finance   Topic: Debt, lots of it and need some advice

Posted: Mon Sep 12, 2016 11:26 am 

Replies: 18
Views: 537


If OP already has a whole life product and has been paying premiums for a number of years, Kombat's advice to "stop" is probably incorrect. Google the term "sunk cost". The personal finance gurus all rail against whole life insurance and the masses just follow. And for good reas...

 Forum: Personal Finance   Topic: Debt, lots of it and need some advice

Posted: Sun Sep 11, 2016 10:13 pm 

Replies: 18
Views: 537


Whole life insurance doesn't suck. It's a complicated product that most people don't understand, and a lot of people get taken advantage of by insurance brokers. So why don't you enlighten us? Do you have any insight that counters the contentions in this article ? I will concede that annuities migh...

 Forum: Personal Finance   Topic: Wich investment are best to start with?

Posted: Sat Sep 03, 2016 9:26 am 

Replies: 4
Views: 327


I found that many of my financial successes involved buying low and selling high. I learned how to do this by reading some books. You're pretty much an idiot if you follow miscellaneous advice on a forum without understanding why you're doing it.

 Forum: Personal Finance   Topic: We have been really fortunate and dont know how to invest...

Posted: Tue Aug 16, 2016 2:53 pm 

Replies: 17
Views: 925


Had to break my reply into a 2nd part because of the 1-link limit per post.

Interestingly enough, an article in CBS MoneyWatch supposed what might happen if everyone indexed. You might want to give it a read: http://www.cbsnews.com/news/if-everyone-indexed-a-fantasy/

 Forum: Personal Finance   Topic: Using Credit Cards in lieu of a personal loan

Posted: Mon Aug 15, 2016 8:57 pm 

Replies: 57
Views: 2816


I understand investing in stocks is a historically decent place to keep cash Somebody's been lying to you. Really? Do tell. I thought that was the tried and true GRS approved method...investing in indexes. Stocks are a great long term investment but a terrible place to hold cash. The thing about th...

 Forum: Personal Finance   Topic: Using Credit Cards in lieu of a personal loan

Posted: Mon Aug 15, 2016 6:56 pm 

Replies: 57
Views: 2816


LMoot wrote:
I understand investing in stocks is a historically decent place to keep cash

Somebody's been lying to you.

 Forum: Personal Finance   Topic: We have been really fortunate and dont know how to invest...

Posted: Mon Aug 15, 2016 6:35 pm 

Replies: 17
Views: 925


I understand the EMH and didn't need a rehash of it. But you really didn't answer any of my questions that you quoted. I think I did. You asked me why I'm hesitant to be part of the "indexes forever and ever" religion I gave you a reason that if things change, such as if more money piles ...

 Forum: Personal Finance   Topic: We have been really fortunate and dont know how to invest...

Posted: Sun Aug 14, 2016 7:33 pm 

Replies: 17
Views: 925


Why do you believe this? And if they should outperform, which funds will do so? And can they do so consistently over the long term? And will they outperform by a margin high enough to offset their higher costs? It's based on theory. Indexing became popular in the last 15 years or so and is gaining ...

 Forum: Personal Finance   Topic: We have been really fortunate and dont know how to invest...

Posted: Sun Aug 14, 2016 7:24 pm 

Replies: 17
Views: 925


Not necessarily. Hedge funds have performed horribly over the past decade. See Warren Buffett's Million Dollar Bet Against Hedge Funds for some insight. Actually I'm not talking about Hedge funds. Hedge funds are still based on public markets. I'm talking about truly private investments. Businesses...

 Forum: Personal Finance   Topic: We have been really fortunate and dont know how to invest...

Posted: Sun Aug 14, 2016 9:58 am 

Replies: 17
Views: 925


But as more and more people pile into the index fund approach, I believe in the future the trend will reverse. That actively managed funds or experienced stock pickers will outperform. Why do you believe this? And if they should outperform, which funds will do so? And can they do so consistently ov...

 Forum: Personal Finance   Topic: We have been really fortunate and dont know how to invest...

Posted: Sat Aug 13, 2016 2:29 pm 

Replies: 17
Views: 925


lifeisprecious wrote:
Question: If I have about 500k to invest, without having to worry about my future needs, what should I do?

You're actually doing alright. If you want to know why it's all working so well, read http://transparentinvesting.com/uploads/wholestory.pdf.

 Forum: Personal Finance   Topic: Using Credit Cards in lieu of a personal loan

Posted: Sat Aug 13, 2016 7:10 am 

Replies: 57
Views: 2816


Whether I saved for those things and pay cash, or I used credit and paid it off later, I would still have the same amount of cash I have today. It's not like paying cash magically increases my savings. It just magically increases your risk. If you have an emergency fund plus the cash to pay for oth...

 Forum: Personal Finance   Topic: Using Credit Cards in lieu of a personal loan

Posted: Fri Aug 12, 2016 4:22 pm 

Replies: 57
Views: 2816


I will always choose to have more cash and more debt, vs less debt and less cash. How about choosing more cash and less debt? I NEED cash...to pay my mortgage and a few other bills. The minimum I pay on the debt I have, doesn't come close to my cash-requirements sans debt repayment. The mortgage co...

 Forum: Personal Finance   Topic: Using Credit Cards in lieu of a personal loan

Posted: Thu Aug 11, 2016 9:50 am 

Replies: 57
Views: 2816


In 1999, I bought my first brand-new car: A 1999 VW Jetta GLS. Base price was $23,500. I wanted the VR6 engine instead of the 4-cylinder. That was an extra $1,000. I wanted a manual transmission, but they weren't yet offering it with the VR6 engine, only the 4-cyl. So the automatic transmission add...
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