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Getbig Main Boards => General Topics => Topic started by: Wiggs on July 25, 2012, 08:01:29 PM



Title: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 08:01:29 PM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...


Title: Re: Only open if you are Getbig Financial elite...
Post by: Hulkotron on July 25, 2012, 08:02:25 PM
Hookers and blow


Title: Re: Only open if you are Getbig Financial elite...
Post by: Wiggs on July 25, 2012, 08:02:57 PM
In before a white fella types...."broke in x days, months, or year"


Title: Re: Only open if you are Getbig Financial elite...
Post by: Shockwave on July 25, 2012, 08:03:49 PM
Porn stars and blow, and then a house, in that order.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Coach is Back! on July 25, 2012, 08:06:46 PM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...

$300k isn't that much to live on for the rest of your life......think about that.


Title: Re: Only open if you are Getbig Financial elite...
Post by: polychronopolous on July 25, 2012, 08:07:13 PM
Invest in one of your broke, big talking cousins business plans for a club or maybe a restaurant. Increase your money tenfold within a few short months!


Title: Re: Only open if you are Getbig Financial Elite...
Post by: hrspwr on July 25, 2012, 08:07:24 PM
properties, one to live in and at least one to rent, commercial if you could afford it. then rims and some gold teeth.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 08:09:30 PM
$300k isn't that much to live on for the rest of your life......think about that.

I forgot to mention you also Coach.
The idea is to turn the money into much more money no cap.  Yes, 300k will not allow you to do that.
So what would you do in that situation?


Title: Re: Only open if you are Getbig Financial elite...
Post by: Wiggs on July 25, 2012, 08:10:11 PM
Invest in one of your broke, big talking cousins business plans for a club or maybe a restaurant. Increase your money tenfold within a few short months!

lol


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Big Chiro Flex on July 25, 2012, 08:10:35 PM
Donate 299K to the NAACP,,,

spend 1k on malt liquor, jordans, a chicken feast, and pics with Lou Ferigno


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 08:11:26 PM
Donate 299K to the NAACP,,,

spend 1k on malt liquor, jordans, a chicken feast, and pics with Lou Ferigno

YEEEEEEAAAAAAAAHHHHHHH. No.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: arce1988 on July 25, 2012, 08:11:50 PM
  Tax Haven


Title: Re: Only open if you are Getbig Financial Elite...
Post by: hrspwr on July 25, 2012, 08:12:54 PM
Romney election fund  :D


Title: Re: Only open if you are Getbig Financial Elite...
Post by: polychronopolous on July 25, 2012, 08:13:05 PM
Donate 299K to the NAACP,,,

spend 1k on malt liquor, jordans, a chicken feast, and pics with Lou Ferigno

And if worse comes to worse he lives in Vegas so he could always go sell his Jordan's to Chumlee off of Pawn Stars 8)


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Mattyh7688 on July 25, 2012, 08:20:39 PM
Make a youtube video/popular blog about a penny stock to buy and promote the fuck out of it. buy a million shares, watch the stock price go up 10x... sell, profit.

So easy a 17 year old became a multimillionaire from it, then went to jail for it lol


Title: Re: Only open if you are Getbig Financial Elite...
Post by: chaos on July 25, 2012, 08:23:49 PM
Pick up a couple houses and rent them out, use property management.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Shockwave on July 25, 2012, 08:27:23 PM
Pick up a couple houses and rent them out, use property management.
Buy 2 houses - run a prostitution ring out of one of them. You could even do a double whammy, charge the clients to get in the door, and then take a cut from each of the hookers profits.

Boom.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: 240 is Back on July 25, 2012, 08:30:39 PM
blow $250,000 on coke and whores.   Waste the rest.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: pluck on July 25, 2012, 08:34:46 PM
I would buy 2-3 rental properties & put enough down so you don't have to pay PMI & let your tenants pay the mortgage. I'm talking condos or townhouse for under $120,000. For long term.

Maybe spend some money towards a degree if you're into it.

Find a partner to start a small business doing something you enjoy like small bar, maybe cigar lounge...Internet sales...whatever would make you excited about getting up in the morning.

Take vacations every 4 months for 7-10 days to completely escape your everyday life. I do this & when I come back home I find that I work wayyy harder & have more ideas to make more cash.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: polychronopolous on July 25, 2012, 08:36:27 PM
Limos,  hoes schmoes, and pappadeaux!


Title: Re: Only open if you are Getbig Financial Elite...
Post by: hazbin on July 25, 2012, 08:37:24 PM
2/3 silver bullion and 1/3 gold bullion


Title: Re: Only open if you are Getbig Financial Elite...
Post by: bighead on July 25, 2012, 08:38:18 PM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...
 do you know your father?  stay with me here this has alot to do with this.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: MP on July 25, 2012, 08:38:37 PM
Isn't this your big break to open up that marijuana shop you always talked about?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 08:50:41 PM
Isn't this your big break to open up that marijuana shop you always talked about?

Hahaha...The good ol' days...


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 08:53:19 PM
 do you know your father?  stay with me here this has alot to do with this.

Yes and we get along fine.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 08:54:45 PM
blow $250,000 on coke and whores.   Waste the rest.
;D


Title: Re: Only open if you are Getbig Financial Elite...
Post by: BB on July 25, 2012, 08:56:07 PM
1) Pay off mortgage/buy house.

2) Leave a few thousand out as ready cash on hand.

3) Stick most of the rest in a decent mutual fund.

4) Take a modest amount of whatever's left after 1 - 3 out to use as "fun" money.



Title: Re: Only open if you are Getbig Financial Elite...
Post by: MTC on July 25, 2012, 09:01:49 PM
Take the 300K and put 100K down on three different houses. Say the cost is 500K per house. Make sure your rent covers the mortgage, taxes and insurance and rent them for 30 years.

In 30 years they will be worth about 900K.

900K times 3 is 2.7 million dollars, or your retirement..

Also, the rent will generate about 3K per house which is 9G's a month in income to do nothing once they are paid off..

Serious answer..


Title: Re: Only open if you are Getbig Financial Elite...
Post by: bighead on July 25, 2012, 09:09:33 PM
Yes and we get along fine.
  I dont believe you.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: The Onion on July 25, 2012, 09:34:08 PM
I would go the safe route and find/buy a small apartment with very low rent and then put all of the money in a fixed interest account with interest dividens every third month (if these terms are possible where you live). A non complicated low risk money making machine that doesn't require a lot of work. This setup (low rent plus interest dividends every third month) is a good situation whether you want to live the lazy life (work less hours each month) or make even more money (work normal hours and put more money into the machinery - taking advantage of compound interest).

For long term thinking and somewhat safe investing I'd buy some index funds... but only if I don't need the money for several years.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: pluck on July 25, 2012, 09:59:24 PM
Take the 300K and put 100K down on three different houses. Say the cost is 500K per house. Make sure your rent covers the mortgage, taxes and insurance and rent them for 30 years.

In 30 years they will be worth about 900K.

900K times 3 is 2.7 million dollars, or your retirement..

Also, the rent will generate about 3K per house which is 9G's a month in income to do nothing once they are paid off..

Serious answer..

I hope this guy is trolling...

This is the sort of information people listened to 5 years ago & now are upside down on their investments.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: The Abdominal Snoman on July 25, 2012, 10:12:40 PM
Take 10 grand and put it on Denver to win the Superbowl. I'm hearing the fix might just be in ;) They're getting something like 14-1 right now.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: The Abdominal Snoman on July 25, 2012, 10:15:32 PM
I hope this guy is trolling...

This is the sort of information people listened to 5 years ago & now are upside down on their investments.


Must be Jay Cutlers alter


Title: Re: Only open if you are Getbig Financial Elite...
Post by: calfzilla on July 25, 2012, 10:19:10 PM
I know a guy in Nigeria who can triple that money in only 30 days. He's also a prince which is pretty cool.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: HTexan on July 25, 2012, 10:48:05 PM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...
I don't have any debt. So I buy a skyline and invest the rest.
Edit: oh yeah. Don't forget Super Bowl tickets.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Cashfan on July 25, 2012, 10:59:27 PM
Interestingly enough, I am selling some timeshares of Tbombz's asshole for 300k.  PM me for details.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Wiggs on July 25, 2012, 11:08:17 PM
  I dont believe you.

Sounds like a personal problem go give some bighead.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: HTexan on July 25, 2012, 11:13:26 PM
Interestingly enough, I am selling some timeshares of Tbombz's asshole for 300k.  PM me for details.
Tier 1 :-X


Title: Re: Only open if you are Getbig Financial Elite...
Post by: pluck on July 25, 2012, 11:15:05 PM
I know a guy in Nigeria who can triple that money in only 30 days. He's also a prince which is pretty cool.

You know him too?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: bigkubby on July 25, 2012, 11:20:40 PM
TALK TO A FINANCIAL CONSULTANT OR A COUPLE OF COURSE WE KNOW ALL GETBIGGERS ARE LOADED AND BIG PIMPIN LOL


Title: Re: Only open if you are Getbig Financial Elite...
Post by: manuelsonn on July 25, 2012, 11:21:20 PM
KFC everyday? that sound like a good investment


Title: Re: Only open if you are Getbig Financial Elite...
Post by: The Onion on July 26, 2012, 12:45:25 AM
TALK TO A FINANCIAL CONSULTANT OR A COUPLE OF COURSE WE KNOW ALL GETBIGGERS ARE LOADED AND BIG PIMPIN LOL
Only talk to those consultants with a fixed rate and that don't get any sort of commission from "helping" you invest your money.

Most consultants are terrible in my opinion.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: CalvinH on July 26, 2012, 08:36:18 AM
Buy 2 houses - run a prostitution ring out of one of them. You could even do a double whammy, charge the clients to get in the door, and then take a cut from each of the hookers profits.

Boom.


Sell drugs out of the other house.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: doison on July 26, 2012, 08:53:46 AM
Get a savings account at the bank so you can use THEIR money.  These are things rich white kids are taught but poor kids and blacks aren't.  Instead of hitting up the cash store on Friday nights so you can get your check cashed and spend your money on one of these schemes, save up those checks and get yourself a savings account.  You can go up to any bank and they have a machine you can put your savings account card into that just spits fat stacks out for you to take. 

My girl's cousin had a job at a bank and is gonna hook us up FAT with a savings account once I can get my court fees paid and save up the money to get started. 


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 26, 2012, 09:00:51 AM
300K is not much to invest with, but here are 3 pointers from your friendly neighborhood GAY man..

Secure a home, if not already present-

If you are going to purchase a home (for yourself), do it within your range.  In other words, if 300K is what you absolutely have on hand, buy a home that ranges between 200K-300K.

If you purchase your home for less than 300K (say 200K), you can simply bank the rest of the money away and even use it to pay off property taxes (yearly) and other minor expenses (troubled boiler, bad pipes, house restorations etc.).  Remember, by sticking to that range, you will have the opportunity to purchase your home in full, which to many Americans is quite the luxury.  The worst place you can find yourself in is having to pay off a mortgage for the next 20-30 years when you have no occupational preordained viability and circumstances can always certainly change.  A long-term mortgage with monthly/yearly property taxes coupled with the fact that your circumstances can change are very hard odds to have on your side when looking to partake in that form of gamble. Be smart, be wise, get a roof over your head...

If you already own your own home, but want to invest in real estate, do it the right way-

When people say that real estate is the way to go when it comes to investments, they don't necessarily mean that you should go out, purchase a few homes (2-3) with minimal down payments and rent them out to hopefully make a profit once their rent money covers the individual mortgages, leaving you with a few extra hundred dollars per property in your pocket.

That is the poor man's approach to real estate.  I say that, because if you are not careful, you can find yourself in a constant struggle with your tenants.  They might be unreliable and not pay their rent.  They might become vindictive and at the time for them to move could very well destroy your property.  Aside from personal disputes, they could also lose their jobs and set you back on your estimated earnings.  That and with the wrong tenants (scumbags that know the laws well), they can go bad on their monthly rent payments and then wait until you take them to court to have them evicted, which will then earn them 6-months on the property until they find another living place, especially if kids are involved.  Be VERY careful with this.

Unless you have enough money to purchase say 20-30 homes and then set up your own real estate management company, hiring a professional like Tom Prince to handle all minor issues, stay away from pretending to be a small scale landlord.  That can prove to be a nightmare in today's economy.

What's the right way to invest in real estate?

Look into what are known as REIT (Real Estate Investment Trusts).  That is how the big boys in Wall Street invest their money into real estate.  That is the exception that, most of these big talk gurus that sell hopes and dreams to modern day folks about real estate, don't talk about.  Look it up and let me know what you think.  If you have questions about that, feel free to ask me.

A pretty safe investment is a franchise with a proven track record-

Think of the local food franchises that you have squandered your money away at throughout most of your life.  I won't begin to tell you which are the ones you find popular, as these places tend to change a little from state to state.  Most people, both willingly and unwillingly, spend a small fortune at these places throughout the years.  Little do most people know that the RIGHT franchise can make you a small fortune if you have any business know-how and understand what it takes to stick to a firm business.  Look into that and if you need particular information, feel free to ask.

Those are the tips I offer for now, if you want direct investment advice relating to how to invest your money in individual stocks, mutual funds or even the potential of hedge fund-like investments (which take a lot more than 300K), feel free to let me know.

Lovingly yours,
"1"


Title: Re: Only open if you are Getbig Financial Elite...
Post by: the trainer on July 26, 2012, 09:03:33 AM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...

Well to be honest you come off as a loser who cannot hold down a job so that 300k will be gone in no time.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: MTC on July 26, 2012, 09:25:01 AM
I hope this guy is trolling...

This is the sort of information people listened to 5 years ago & now are upside down on their investments.


Not trolling at all. It is how I became rich.

You need to buy in the right area, San Diego, Manhattan, etc and not El Paso Texas or Riverside CA.

You put your money down and the renters pay the rents. Your layout is for the down payment and then maintenance. It is called leverage. Instead of taking all your money and buying one house you take your resources and leverage them through multiple units and when the market rebounds you make out like a bandit.

The key is now you are buying at the bottom of the market, the idiots 5 years ago were buying at the top.

Buy low sell high seems overly simplified but when the timing is right it works like wonders.

I sold my properties right before the fall 5 years ago. I saw the greed and the idiots getting into the market and knew we were headed for a fall.

Buying homes now in the right market will make you rich..



Title: Re: Only open if you are Getbig Financial Elite...
Post by: Psychopath on July 26, 2012, 09:27:33 AM
I want to know how wiggs came by 300k?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 26, 2012, 09:38:02 AM
Not trolling at all. It is how I became rich.

You need to buy in the right area, San Diego, Manhattan, etc and not El Paso Texas or Riverside CA.


You do know that the average (as in a random walk-up building with no amenities) 1-bedroom apartment in Manhattan, will cost you way over a million dollars, right?

...and, you also know that most New York banks will expect you to put down at least a 20% down payment on the property, unless you have excellent credit and substantial collateral in place, right?

Assuming, Wiggs wants to actually use that 300K wisely, putting down 200K+ to purchase a 1-bedroom (or studio) in Manhattan, would be very, very foolish.  As an owner of Manhattan property (only apartments in Manhattan - There aren't any houses), you will have to pay your Mortgage + Property taxes + Association fees.  You would have to rent that measly 1-bedroom out at a ridiculous rate in order to make any money back.  People (regardless of their circumstances) aren't willing to pay that kind of rent for a 1-bedroom anymore.  Not to mention that a 1-bedroom apartment in a true luxury building will EASILY cost you over 2 million.

Manhattan's real estate market is not the place to pretend to buy property in with solely 300K.

"1"


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tbombz on July 26, 2012, 10:57:07 AM
either invest in your education or save the money untill you find an investment that makes sense. jumping into real estate does sound good, but dont just buy the first thing you find if your going to do that. wait a bit. be patient. make lots of real low ball offers. cant hurt, and maybe one of them will get accepted.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Mattyh7688 on July 26, 2012, 11:00:02 AM
You do know that the average (as in a random walk-up building with no amenities) 1-bedroom apartment in Manhattan, will cost you way over a million dollars, right?

...and, you also know that most New York banks will expect you to put down at least a 20% down payment on the property, unless you have excellent credit and substantial collateral in place, right?

Assuming, Wiggs wants to actually use that 300K wisely, putting down 200K+ to purchase a 1-bedroom (or studio) in Manhattan, would be very, very foolish.  As an owner of Manhattan property (only apartments in Manhattan - There aren't any houses), you will have to pay your Mortgage + Property taxes + Association fees.  You would have to rent that measly 1-bedroom out at a ridiculous rate in order to make any money back.  People (regardless of their circumstances) aren't willing to pay that kind of rent for a 1-bedroom anymore.  Not to mention that a 1-bedroom apartment in a true luxury building will EASILY cost you over 2 million.

Manhattan's real estate market is not the place to pretend to buy property in with solely 300K.

"1"
I went to NYC last year and occasionally would see realtors have listings on their windows, and my friggen god.. I always knew NYC was expensive but I nearly shit myself. The cost of a house or apartment was literally 10x what it would be here.


Title: Re: Only open if you are Getbig Financial elite...
Post by: POB on July 26, 2012, 12:21:29 PM
Porn stars and blow, and then a house, in that order.

You better reverse one and two if you wanna keep porn stars interested


Title: Re: Only open if you are Getbig Financial Elite...
Post by: POB on July 26, 2012, 12:27:24 PM
I hope this guy is trolling...

This is the sort of information people listened to 5 years ago & now are upside down on their investments.


X2


Title: Re: Only open if you are Getbig Financial Elite...
Post by: gracie bjj on July 26, 2012, 12:36:41 PM
dont know how guys keep thier cocks hard doing coke ??? my rod use to shrivel up and hide in my pubic hair when i did that stuff. i use to take a handfull of viagra and that didnt do shit either, it makes u horny as hell which is torture if u cant get it up


Title: Re: Only open if you are Getbig Financial Elite...
Post by: bigmikecox on July 26, 2012, 12:42:04 PM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...

Coke and hookers! With 300K you can get some high class whores, but stick to the crack whores, way more bang for your buck


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Dr Dutch on July 26, 2012, 12:48:59 PM
Create as much independency from banks and stuff as possible...


Title: Re: Only open if you are Getbig Financial Elite...
Post by: cephissus on July 26, 2012, 01:15:01 PM
Interesting posts 1.

You work in the finance world, right?  What's your position again... I forget?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Big Chiro Flex on July 26, 2012, 01:19:41 PM
Interesting posts 1.
  What's your position again... I forget?
Judging from the SMM owning...I would say "1" is usually on TOP 8)


Title: Re: Only open if you are Getbig Financial Elite...
Post by: The Abdominal Snoman on July 26, 2012, 01:44:53 PM
dont know how guys keep thier cocks hard doing coke ??? my rod use to shrivel up and hide in my pubic hair when i did that stuff. i use to take a handfull of viagra and that didnt do shit either, it makes u horny as hell which is torture if u cant get it up

So true...I always thought that any guy who could do endless amounts of coke and still get wood was most likely some sort of fukcing creepo pervert who needs to jerk off 5 times a day everyday. Keep these types of people away from kids.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Marty Champions on July 26, 2012, 01:54:38 PM
get some rental properties that are already in good shape/ foreclosures


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 26, 2012, 02:36:03 PM
Interesting posts 1.

You work in the finance world, right?  What's your position again... I forget?

I am currently a trader at a boutique hedge fund. 

Aside from my day job, my family and I are largely vested in the realm of accounting, whereby we own a few offices that service small-medium sized local business.  Like that of an H&R block, we have a small number of offices scattered throughout the NYC area that serve many local Israeli & Greek businesses (a large number of diners, hardware stores, Jewelry shops, fabric shops, supermarkets, liquor stores etc.).

I won't claim to be some rich tycoon with the world in his palm.  On the contrary, I am just a hardworking individual who has been blessed with good fortune throughout life and played it very safe when it came to money.  I am also very blessed in having a great husband who is highly ambitious as well.

"1"



Title: Re: Only open if you are Getbig Financial Elite...
Post by: King Shizzo on July 26, 2012, 02:40:02 PM
I am currently a trader at a boutique hedge fund. 

Aside from my day job, my family and I are largely vested in the realm of accounting, whereby we own a few offices that service small-medium sized local business.  Like that of an H&R block, we have a small number of offices scattered throughout the NYC area that serve many local Israeli & Greek businesses (a large number of diners, hardware stores, Jewelry shops, fabric shops, supermarkets, liquor stores etc.).

I won't claim to be some rich tycoon with the world in his palm.  On the contrary, I am just a hardworking individual who has been blessed with good fortune throughout life and played it very safe when it came to money.  I am also very blessed in having a great husband who is highly ambitious as well.

"1"


Outed.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Game Time on July 26, 2012, 02:46:22 PM
I am currently a trader at a boutique hedge fund. 

Aside from my day job, my family and I are largely vested in the realm of accounting, whereby we own a few offices that service small-medium sized local business.  Like that of an H&R block, we have a small number of offices scattered throughout the NYC area that serve many local Israeli & Greek businesses (a large number of diners, hardware stores, Jewelry shops, fabric shops, supermarkets, liquor stores etc.).

I won't claim to be some rich tycoon with the world in his palm.  On the contrary, I am just a hardworking individual who has been blessed with good fortune throughout life and played it very safe when it came to money.  I am also very blessed in having a great husband who is highly ambitious as well.

"1"


Technical trader?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: FitnessFrenzy on July 26, 2012, 02:48:57 PM
Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?

Ron pays you this to post? Tito24 gets 600K


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 26, 2012, 02:50:07 PM
Technical trader?

I am a fundamental trader.  I am not as anal as it would require to do technical trading.

"1"

P.S. I am not too fond of technical traders, I find that a lot of their tactics are bullshit sprinkled with heavy chart and regression analysis.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: arce1988 on July 26, 2012, 02:52:00 PM
  Why not put it in a tax haven bank?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: King Shizzo on July 26, 2012, 02:53:47 PM
I am a fundamental trader.  I am not as anal as it would require to do technical trading.

"1"
Pun intended, or prolapse?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Game Time on July 26, 2012, 03:08:40 PM
I am a fundamental trader.  I am not as anal as it would require to do technical trading.

"1"

P.S. I am not too fond of technical traders, I find that a lot of their tactics are bullshit sprinkled with heavy chart and regression analysis.
You're able to day trade off fundamentals or are you strictly longer term holds?

It's an art form. Not for everyone, but without I could not navigate the market


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 26, 2012, 04:30:18 PM
You're able to day trade off fundamentals or are you strictly longer term holds?

It's an art form. Not for everyone, but without I could not navigate the market

If you want to be specific, you could call me a swing trader, which is just a fundamentalist with a long term hold approach.

If you do well as a technical trader, good for you.  I have many friends that are technical traders and are extremely wealthy and typically spot on when it comes to their trades.

That said, maybe it's because I am a little older and was taught from an old crop of taders that I identify and practice fundamentalist trading.

"1"


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Coach is Back! on July 26, 2012, 04:59:04 PM
Buy foreclosures, get permission to fix them before escrow closes unload soon after.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 26, 2012, 05:00:39 PM
Buy foreclosures, get permission to fix them before escrow closes unload soon after.

You have much luck with foreclosures?

I've found that when trying to buy foreclosed homes, you usually have to outbid othr buyers to get the property and sometimes it sells for as much as 10% less of the actual going market rate.

"1"


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Coach is Back! on July 26, 2012, 05:08:06 PM
You have much luck with foreclosures?

I've found that when trying to buy foreclosed homes, you usually have to outbid othr buyers to get the property and sometimes it sells for as much as 10% less of the actual going market rate.

"1"

No, I have clients who do it for a living. They tell me how they do.it.court.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: jwb on July 26, 2012, 05:24:51 PM
I would be careful about buying houses in Vegas right now. They are priced right but a lot of cash buyers are having trouble finding tenants simply because so many people have left Vegas due to the tough job market.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: hazbin on July 26, 2012, 08:54:59 PM
You have much luck with foreclosures?

I've found that when trying to buy foreclosed homes, you usually have to outbid othr buyers to get the property and sometimes it sells for as much as 10% less of the actual going market rate.

"1"

have you guys heard of any foreclosures that when purchased turned out to have concrete poured down all the sewer and water lines? 

i'm from canada and heard of a couple friends that went to phoenix house shopping, and that turned out to be a huge problem.  people were pissed that they were getting foreclosed on and were destroying the homes this way.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: basil on July 26, 2012, 09:49:54 PM
rental properties.  for 300 grand, i can get 4 new units each bringing in $750-800 a month with tenant paying heat n lights.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: MTC on July 26, 2012, 10:41:49 PM
You do know that the average (as in a random walk-up building with no amenities) 1-bedroom apartment in Manhattan, will cost you way over a million dollars, right?

...and, you also know that most New York banks will expect you to put down at least a 20% down payment on the property, unless you have excellent credit and substantial collateral in place, right?

Assuming, Wiggs wants to actually use that 300K wisely, putting down 200K+ to purchase a 1-bedroom (or studio) in Manhattan, would be very, very foolish.  As an owner of Manhattan property (only apartments in Manhattan - There aren't any houses), you will have to pay your Mortgage + Property taxes + Association fees.  You would have to rent that measly 1-bedroom out at a ridiculous rate in order to make any money back.  People (regardless of their circumstances) aren't willing to pay that kind of rent for a 1-bedroom anymore.  Not to mention that a 1-bedroom apartment in a true luxury building will EASILY cost you over 2 million.

Yes, you are correct. I actually grew up in Manhattan and the Bronx. Prince Street in Manhattan and Pelham Bay Park in the Bronx when I was a kid. You are right on the prices. I would steer him more to an area like San Diego where I live now.
I just put a bid on another home tonight. 1,700 square feet next to the elementary school for 380K. I always put 25% down when I buy and the rent will cover the monthly nut.
I stand corrected about purchasing in Manhattan. It would be out of his price range but my point was you don't buy in Amarillo Texas, but in an area that has potential.

The stock market is up and down and will continue to be like this for some time for various reason, Europe, etc... Real Estate in CA for example is at 1999 prices and is already starting to come up in certain neighborhoods. I have two houses in North County that have gone up 100K in the last 12 months. It is a great time to buy and mortgage rates are the lowest they have ever been in history.

If you can buy now you will be rich in 20 years..

On an aside, I read your posts and you seem like a very intelligent person..

Manhattan's real estate market is not the place to pretend to buy property in with solely 300K.

"1"


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Raymondo on July 27, 2012, 02:35:22 PM
300K is not much to invest with, but here are 3 pointers from your friendly neighborhood GAY man..

Secure a home, if not already present-

If you are going to purchase a home (for yourself), do it within your range.  In other words, if 300K is what you absolutely have on hand, buy a home that ranges between 200K-300K.

If you purchase your home for less than 300K (say 200K), you can simply bank the rest of the money away and even use it to pay off property taxes (yearly) and other minor expenses (troubled boiler, bad pipes, house restorations etc.).  Remember, by sticking to that range, you will have the opportunity to purchase your home in full, which to many Americans is quite the luxury.  The worst place you can find yourself in is having to pay off a mortgage for the next 20-30 years when you have no occupational preordained viability and circumstances can always certainly change.  A long-term mortgage with monthly/yearly property taxes coupled with the fact that your circumstances can change are very hard odds to have on your side when looking to partake in that form of gamble. Be smart, be wise, get a roof over your head...

If you already own your own home, but want to invest in real estate, do it the right way-

When people say that real estate is the way to go when it comes to investments, they don't necessarily mean that you should go out, purchase a few homes (2-3) with minimal down payments and rent them out to hopefully make a profit once their rent money covers the individual mortgages, leaving you with a few extra hundred dollars per property in your pocket.

That is the poor man's approach to real estate.  I say that, because if you are not careful, you can find yourself in a constant struggle with your tenants.  They might be unreliable and not pay their rent.  They might become vindictive and at the time for them to move could very well destroy your property.  Aside from personal disputes, they could also lose their jobs and set you back on your estimated earnings.  That and with the wrong tenants (scumbags that know the laws well), they can go bad on their monthly rent payments and then wait until you take them to court to have them evicted, which will then earn them 6-months on the property until they find another living place, especially if kids are involved.  Be VERY careful with this.

Unless you have enough money to purchase say 20-30 homes and then set up your own real estate management company, hiring a professional like Tom Prince to handle all minor issues, stay away from pretending to be a small scale landlord.  That can prove to be a nightmare in today's economy.

What's the right way to invest in real estate?

Look into what are known as REIT (Real Estate Investment Trusts).  That is how the big boys in Wall Street invest their money into real estate.  That is the exception that, most of these big talk gurus that sell hopes and dreams to modern day folks about real estate, don't talk about.  Look it up and let me know what you think.  If you have questions about that, feel free to ask me.

A pretty safe investment is a franchise with a proven track record-

Think of the local food franchises that you have squandered your money away at throughout most of your life.  I won't begin to tell you which are the ones you find popular, as these places tend to change a little from state to state.  Most people, both willingly and unwillingly, spend a small fortune at these places throughout the years.  Little do most people know that the RIGHT franchise can make you a small fortune if you have any business know-how and understand what it takes to stick to a firm business.  Look into that and if you need particular information, feel free to ask.

Those are the tips I offer for now, if you want direct investment advice relating to how to invest your money in individual stocks, mutual funds or even the potential of hedge fund-like investments (which take a lot more than 300K), feel free to let me know.

Lovingly yours,
"1"

 :o


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Raymondo on July 27, 2012, 02:42:13 PM

When people say that real estate is the way to go when it comes to investments, they don't necessarily mean that you should go out, purchase a few homes (2-3) with minimal down payments and rent them out to hopefully make a profit once their rent money covers the individual mortgages, leaving you with a few extra hundred dollars per property in your pocket.

That is the poor man's approach to real estate.  I say that, because if you are not careful, you can find yourself in a constant struggle with your tenants.  They might be unreliable and not pay their rent.  They might become vindictive and at the time for them to move could very well destroy your property.  Aside from personal disputes, they could also lose their jobs and set you back on your estimated earnings.  That and with the wrong tenants (scumbags that know the laws well), they can go bad on their monthly rent payments and then wait until you take them to court to have them evicted, which will then earn them 6-months on the property until they find another living place, especially if kids are involved.  Be VERY careful with this.

Lovingly yours,
"1"

I don't know about the rest of the advice, since it's quite beyond my ken but this is true wisdom right here. So many wankers who do what we call here "buy-to-let". They buy a couple of shitty properties with the absolute minimum down payment and play landlord. Then shit starts happening and they freak out. Like this silly daft cow in my office who used to brag about the West London property she bought with ther mother's inheritance. One month later she had a bunch of squatters occupying the place who just wouldn't leave- she ended up being able to digest only small crackers  ::)


Title: Re: Only open if you are Getbig Financial Elite...
Post by: OneMoreRep on July 27, 2012, 06:47:21 PM
Yes, you are correct. I actually grew up in Manhattan and the Bronx. Prince Street in Manhattan and Pelham Bay Park in the Bronx when I was a kid. You are right on the prices.

Growing up in Prince Street is quite the luxury.  Today it is known as Soho and is mainly composed of lofts that range between 3,000-5,000 square ft.

Buying in Soho would be very difficult for most people.

"1"


Title: Re: Only open if you are Getbig Financial Elite...
Post by: MTC on July 27, 2012, 09:47:21 PM
Growing up in Prince Street is quite the luxury.  Today it is known as Soho and is mainly composed of lofts that range between 3,000-5,000 square ft.

Buying in Soho would be very difficult for most people.

"1"



It wasn't so bad when I was there. John Gotti's social club was across the street and we would see him and his buddies walking around the block discussing business. He was actually a nice guy, at least to the neighborhood kids but my Mother would freak if we even said hi to him.

Debbie Harry also lived in our building and she was super cool. Blondie to anyone too young to remember.

We later moved to the Bronx and then on to Mamaroneck which is next to Larchmont and Scarsdale.

Good memories but I like San Diego a little better.

The rich people I know are either in real estate or hedge fund managers like my cousins. They live in a different planet with the money they make, or at least made when the market was more predictable.

I still believe in investing in real estate as long as you have the right market and the timing is right. Currently, both are perfect with interest rates where they are and with prices at 1999 levels.

I put an offer on my 4th house today. Next to the school, very desirable neighborhood..

If the market becomes predictable again I will steer towards that but with Europe in chaos and the Chinese overvaluing their currency and GDP Growth Rate it is scary times..

The people who see the negative will never make money. Sure you can have tenants who don't pay but if you know the laws you move them out.

No juice without the squeeze as they say...


Title: Re: Only open if you are Getbig Financial Elite...
Post by: no one on July 27, 2012, 09:57:28 PM


lol @ everyone suggesting to invest in the American economy!


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tu_holmes on July 27, 2012, 10:02:59 PM

lol @ everyone suggesting to invest in the American economy!

Is there a bigger economy to invest in?

The economy of the United States is the world's largest national economy. Its nominal GDP was estimated to be over $15 trillion in 2011, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity is the largest in the world, approximately a fifth of global GDP at purchasing power parity. The U.S. economy also maintains a very high level of output. Today USA is one of the world's wealthiest nations with per capita GDP (PPP) of $48,387, the 6th highest in the world.[The U.S. is the largest trading nation in the world.

The economy of the United States is a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. It has been the world's largest national economy (not including colonial empires) since at least the 1890s. Most of the economy is classified as services. As of 2012, the country remains the world's largest manufacturer, representing a fifth of the global manufacturing output. Of the world's 500 largest companies, 133 are headquartered in the United States. This is twice the total of any other country.


So no, the US economy isn't perfect, but right now, there's not one better.

You will start to see a return to US manufacturing as well, as the Chinese and Indian labor markets start to demand "fair treatment" for employees, which will increase the cost to do business in these "low cost" locations.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: jwb on July 27, 2012, 10:12:22 PM
Is there a bigger economy to invest in?

The economy of the United States is the world's largest national economy. Its nominal GDP was estimated to be over $15 trillion in 2011, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity is the largest in the world, approximately a fifth of global GDP at purchasing power parity. The U.S. economy also maintains a very high level of output. Today USA is one of the world's wealthiest nations with per capita GDP (PPP) of $48,387, the 6th highest in the world.[The U.S. is the largest trading nation in the world.

The economy of the United States is a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. It has been the world's largest national economy (not including colonial empires) since at least the 1890s. Most of the economy is classified as services. As of 2012, the country remains the world's largest manufacturer, representing a fifth of the global manufacturing output. Of the world's 500 largest companies, 133 are headquartered in the United States. This is twice the total of any other country.


So no, the US economy isn't perfect, but right now, there's not one better.

You will start to see a return to US manufacturing as well, as the Chinese and Indian labor markets start to demand "fair treatment" for employees, which will increase the cost to do business in these "low cost" locations.

Plenty of companies are returning to manufacturing in the USA but they are doing it with increased automation not a large increase in employment.

America has a massive population of people who are getting old very fast. Their kids (30-45 year olds) are screwed. They will be footing the bill for taking care of their parents, most of whom didn't save for a rainy day.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tu_holmes on July 27, 2012, 10:14:18 PM
Plenty of companies are returning to manufacturing in the USA but they are doing it with increased automation not a large increase in employment.

America has a massive population of people who are getting old very fast. Their kids (30-45 year olds) are screwed. They will be footing the bill for taking care of their parents, most of whom didn't save for a rainy day.

I don't know... One of the issues is the 401K plans sure... but those baby boomers are also the people who are guaranteed pensions and the like.

Yes, there are things that should be changed, but overall, the US is still in the best position in regards to employment, wages, and manufacturing.

Of course, by 2050, this could all be proven incorrect and the US could be crumbling... Time will tell.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: no one on July 27, 2012, 10:31:11 PM

Of course, by 2050, this could all be proven incorrect and the US could be crumbling... Time will tell.

by 2050? lol your on the verge of economic collapse NOW. when the rest of the world loses faith in the greenback your fucked- the ONLY thing keeping your economy afloat is global faith in the American dollar.

ask any economist what will happen once the greenback stops being a benchmark. you guys need to put aside your whole 'ya were Americans and were great' and open your fucking eyes cause once your dollar collapses so to does your economy, then inflation skyrockets, then civil unrest then martial law. writing is on the all dude. you guys need to wake the fuck up. why you think your parading your military around the globe- to protect against human rights violations in oil rich counties? lol! think about it. you guys are in a shit ton of trouble. only people who don't see it are, well, you.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tu_holmes on July 27, 2012, 10:34:23 PM
by 2050? lol your on the verge of economic collapse NOW. when the rest of the world loses faith in the greenback your fucked- the ONLY thing keeping your economy afloat is global faith in the American dollar.

ask any economist what will happen once the greenback stops being a benchmark. you guys need to put aside your whole 'ya were Americans and were great' and open your fucking eyes cause once your dollar collapses so to does your economy, then inflation skyrockets, then civil unrest then martial law. writing is on the all dude. you guys need to wake the fuck up. why you think your parading your military around the globe- to protect against human rights violations in oil rich counties? lol! think about it. you guys are in a shit ton of trouble. only people who don't see it are, well, you.

I don't think you really understand what it means to have the GDP the US has.

If the US really was on the "verge", then they would simply cancel Medicare, Medicaid, and reduce the Defense spending by about 25% and the US could pay back it's debt in a little over 5 years.

It's not all doom and gloom like people claim it is.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: no one on July 27, 2012, 10:43:48 PM
I don't think you really understand what it means to have the GDP the US has.

If the US really was on the "verge", then they would simply cancel Medicare, Medicaid, and reduce the Defense spending by about 25% and the US could pay back it's debt in a little over 5 years.

It's not all doom and gloom like people claim it is.

wow. just 'simply cancel' medicare medicaide and the defense budget. LOL! how old are you?

I'm not debating this with you any further, soley for the reason you haven't got a fucking clue what the hell your talking about. heres a tip for you sparky- why do you think you can't 'cancel' the defense budget. because you need the military to prop up your economy. are you that daft?

simply cancel he says ahahahahaha


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tu_holmes on July 27, 2012, 10:47:42 PM
wow. just 'simply cancel' medicare medicaide and the defense budget. LOL! how old are you?

I'm not debating this with you any further, soley for the reason you haven't got a fucking clue what the hell your talking about.

simply cancel he says ahahahahaha

Yes... Since it's a government program, they can be "cancelled".

I'm not saying it's "ideal", but they definitely can be cancelled.

There is no debate here, because my facts are sound and you're going on some "instinct" that they just "couldn't possibly cancel those programs"

If that's the case... Then you tell me why?

If the government can't afford them anyone (as you're saying they can not), then cancelling them would be the only resort.

Do you have some alternative that you believe would work? I mean, obviously you are too smart to debate me, then you must have a reason why they can't cancel them.

You think the citizens would stop them? How would they do that? Revolt to get money that in the long run would be worthless because the country is "bankrupt" as you put it?


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tbombz on July 28, 2012, 12:10:22 AM
by 2050? lol your on the verge of economic collapse NOW. when the rest of the world loses faith in the greenback your fucked- the ONLY thing keeping your economy afloat is global faith in the American dollar.

ask any economist what will happen once the greenback stops being a benchmark. you guys need to put aside your whole 'ya were Americans and were great' and open your fucking eyes cause once your dollar collapses so to does your economy, then inflation skyrockets, then civil unrest then martial law. writing is on the all dude. you guys need to wake the fuck up. why you think your parading your military around the globe- to protect against human rights violations in oil rich counties? lol! think about it. you guys are in a shit ton of trouble. only people who don't see it are, well, you.

the problem is the entire world is dependant on the u.s. and the dollar will only keep on gaining strength untill the entire world economy has recovered - or completely collapsed.   you might think the world is going to end, i dont. things are slowly getting better. the global recession and defecits are issues that can be resolved if we want them to be. either on the backs of the working man and over a long period of time or on the backs of the mega wealthy and relatively quickly. either way were coming out of it. and america will remain on top untill that happens. everyone from aorund the world is moving their assets onto american soil. united states treasury bonds are the safest investment on the planet besides maybe gold and real estate in the u.s...   


Title: Re: Only open if you are Getbig Financial Elite...
Post by: jwb on July 28, 2012, 12:24:56 AM
I don't know... One of the issues is the 401K plans sure... but those baby boomers are also the people who are guaranteed pensions and the like.

Yes, there are things that should be changed, but overall, the US is still in the best position in regards to employment, wages, and manufacturing.

Of course, by 2050, this could all be proven incorrect and the US could be crumbling... Time will tell.
You would be surprised how leveraged older people are. Many many people in their 60's still have pretty big mortgages!

We started helping my wife's parents with money when her mom got cancer and we were shocked how much credit card debt they had (and had failed to mention naturally). These are people you would swear by appearances had plenty of money saved.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: no one on July 28, 2012, 06:55:55 AM
the problem is the entire world is dependant on the u.s. and the dollar will only keep on gaining strength untill the entire world economy has recovered - or completely collapsed.   you might think the world is going to end, i dont. things are slowly getting better. the global recession and defecits are issues that can be resolved if we want them to be. either on the backs of the working man and over a long period of time or on the backs of the mega wealthy and relatively quickly. either way were coming out of it. and america will remain on top untill that happens. everyone from aorund the world is moving their assets onto american soil. united states treasury bonds are the safest investment on the planet besides maybe gold and real estate in the u.s...   

LOL wow. glad to see you know what your talking about.  ::) i guess this is what happens when you debate world issues on a bbing forum though.

educate yourself.

http://www.forbes.com/sites/jonathansherman/2011/08/08/u-s-dollar-is-the-next-financial-shoe-to-drop/

http://www.zerohedge.com/contributed/2012-10-10/why-china-dumping-dollar-and-why-you-should-read-weimar-republic

http://english.pravda.ru/business/finance/31-05-2011/118062-dollar_debt-0/

too bad thinking your still the big dog globally doesnt actually mean its true. time to wake up, kids.



Title: Re: Only open if you are Getbig Financial Elite...
Post by: no one on July 28, 2012, 01:28:07 PM
Oh, it's true because a random Forbes.com contributor said so. I see.

Let's look at the shape we'd be in if we took this man's advice seriously. Let's also ignore the numerous grammatical mistakes he makes and hope they aren't indicative of his financial acumen (e.g., "The Chinese buy our debt because U.S. Treasuries have a deep liquidity pool unequaled by other places the Chinese can invest there (sic) excess cash.").

He suggested we go long in silver and gold because he thinks the activity of these assets will presage the inevitable decline of the dollar and its ultimate displacement as the currency reserve of choice.

Gold
(http://s13.postimage.org/d4zzcoq1x/Central_Gold_Trust_NYSEAMEX_GTU_quotes_news.png)

Silver
(http://s9.postimage.org/cyfplx099/NYSEARCA_SLV_26_96_0_25_0_94_i_Shares_Silve.png)

-5.07% and -13.81%, respectively. Impressive.  ::) Meanwhile, a random shit-for-brains who adhered to the basic advice of investing in an S&P 500 index fund would have yielded +19% over the same period.

Though the results speak for themselves, it is also worth noting that the man's narrative is oversimplistic in the extreme. For example, he ignores the fact that any significant retreat from Treasuries would do terrible damage to the Chinese balance sheet; he ignores the fact that there aren't any significant inflationary fears at present -- if anything, deflation is a concern; he ignores the lack of viable alternative investment safe havens (there's a reason the U.S. government is currently making money each time it issues 10-year notes); finally, he ignores the positives of a gradually declining dollar, such as the ease of using a weaker currency to pay off debts and the benefits to U.S. exporters that would be wrought from a weaker dollar.

Nice try attempting to appear knowledgeable though.


i am not knowledgable but i am not ignorant, unlike youraelf. have fun with your impending economic collapse. i'll be sure to bump this thread just for you.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: calfzilla on July 28, 2012, 02:04:27 PM
Wait a minute...did someone get their reparations check? 


Title: Re: Only open if you are Getbig Financial Elite...
Post by: Grape Ape on July 28, 2012, 03:01:06 PM

i am not knowledgable but i am not ignorant, unlike youraelf. have fun with your impending economic collapse. i'll be sure to bump this thread just for you.

This is exactly the kind of response you give when you can't counter an argument.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: cephissus on July 28, 2012, 03:05:51 PM
did someone get a hold of no one's account?

thought he lived in the US?  and wasn't a spastic?

???


Title: Re: Only open if you are Getbig Financial Elite...
Post by: leadhead on July 28, 2012, 09:14:25 PM
Buy yourself a decent home if you don't think you'll move in 10 years or so. I don't like the idea of being a landlord and all of the aggravation from it but that's just me. I've seen my dad and uncle spend a lot of time managing their commercial properties and it takes away from a lot of their free time.

 I'd divide the leftover and invest in big name, dividend paying stocks seeing as you're still young.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: freespirit on July 28, 2012, 10:16:53 PM
the problem is the entire world is dependant on the u.s. and the dollar will only keep on gaining strength untill the entire world economy has recovered - or completely collapsed.   you might think the world is going to end, i dont. things are slowly getting better. the global recession and defecits are issues that can be resolved if we want them to be. either on the backs of the working man and over a long period of time or on the backs of the mega wealthy and relatively quickly. either way were coming out of it. and america will remain on top untill that happens. everyone from aorund the world is moving their assets onto american soil. united states treasury bonds are the safest investment on the planet besides maybe gold and real estate in the u.s...   

Cool story bro.  ::)

http://postmasculine.com/america


Title: Re: Only open if you are Getbig Financial Elite...
Post by: arce1988 on July 28, 2012, 10:34:43 PM
bernanke looks like he is going to cry most of the time... the look of terror


Title: Re: Only open if you are Getbig Financial Elite...
Post by: calfzilla on July 30, 2012, 03:55:45 AM
Gniggers.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: no one on July 30, 2012, 07:29:10 PM
This is exactly the kind of response you give when you can't counter an argument.


lol what argument? there is no argument. im not going to debate what global economists (some american) are saying to some american (undoubtedly) who posts on 'getbig.com' who seems to hope otherwise. want to believe the economic future of your country is going to be all sunshine and lollypops? great. fill your boots. congratulations.

but thanks for caring enough to post.


Title: Re: Only open if you are Getbig Financial Elite...
Post by: tbombz on July 30, 2012, 09:50:10 PM
LOL wow. glad to see you know what your talking about.  ::) i guess this is what happens when you debate world issues on a bbing forum though.

educate yourself.

http://www.forbes.com/sites/jonathansherman/2011/08/08/u-s-dollar-is-the-next-financial-shoe-to-drop/

http://www.zerohedge.com/contributed/2012-10-10/why-china-dumping-dollar-and-why-you-should-read-weimar-republic

http://english.pravda.ru/business/finance/31-05-2011/118062-dollar_debt-0/

too bad thinking your still the big dog globally doesnt actually mean its true. time to wake up, kids.


LOL
 
heres a forbes article for you, since you seem to value the opinions of the people there (i dont)
http://www.forbes.com/sites/kenrapoza/2011/08/01/chinas-dollar-problem/


the dollar has been gaining ground all year long and it will only continue to do so..




Title: Re: Only open if you are Getbig Financial Elite...
Post by: sync pulse on July 30, 2012, 10:15:00 PM
a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? ;D
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...

Fidelity Magelland  Mutual fund...