Going short. All in

Teflon Don said:
You don't know what you are talking about

You can't just make a blanket claim that any ole IRA returns 15%. That is idiotic
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Accountants make a lot of money for a reason.
The lowest tax rate is 15 percent.
You earn that by not paying income tax
You dumb I don't buy stocks gambler
 
When I am finished with the Guard, I will seek out employment that contains matching 401k contributions. For now, my Roth and indexed TSP are pretty decent investments. My posterity will also benefit from all of the whole life and death benefits I have accumulated (too many, really, but most are cheap and the death benefits from the Guard Association and Knights of Columbus are free).
 
Threedee said:
When I am finished with the Guard, I will seek out employment that contains matching 401k contributions. For now, my Roth and indexed TSP are pretty decent investments. My posterity will also benefit from all of the whole life and death benefits I have accumulated (too many, really, but most are cheap and the death benefits from the Guard Association and Knights of Columbus are free).
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Whole life? Seriously?
 
Threedee said:
So I should wait to buy whole life when I could already be paying down the premiums. That makes sense. Term life is utter garbage.
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Are you married with kids? If not you are pissing your money away on life insurance

Term makes sense if you are young with kids. This is probably why you are poor
 
Threedee said:
So I should wait to buy whole life when I could already be paying down the premiums. That makes sense. Term life is utter garbage.
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Whole Life is the worst "investment" possible. You're better off putting that cash under your mattress.
 
Every time I see this thread title I am reminded of a funny story.

I used to work with guy named Rick. He was a man's man: great athlete, lived in the country, hunted, fished. In high school and college he had a long string of women, his nickname from them was "the stabber", until he finally got corked. She was a nice gal, but unfortunately for him, gave birth to four daughters. Not that these kids weren't God's gift, but Rick really wanted a son to carry on his legacy.

Then my first was born, a son.

Rick walked into my office to congratulate me, and was nearly in tears, asked me "how did you do it"?

I looked right at him, and explained to him that since male sperm swim faster, that the trick was to "go short".
 
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