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Author Topic: Investments  (Read 1455 times)
Big N
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« on: February 05, 2013, 08:01:50 PM »

Do you agree or disagree.

-Discuss


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NotSure
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« Reply #1 on: February 05, 2013, 08:03:12 PM »

Do you agree or disagree.

-Discuss
Good words from a wise man.
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calfzilla
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« Reply #2 on: February 05, 2013, 08:04:59 PM »

Agree. Great points. Lately I have been reading a lot of books on attitudes and behaviors of typical millionaires. I especially like the pay yourself first/invest then pay bills.
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« Reply #3 on: February 05, 2013, 08:08:20 PM »

what a joke

sayings are intrinsically stupid as by definition they represent a huge loss of information

each of those sayings could be blown to pieces with little effort

there is a good one though, which is if you look for free advice you are going to get crap advice, and that of course includes any list of guru sayings like buffets
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NotSure
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« Reply #4 on: February 05, 2013, 08:09:22 PM »

what a joke

sayings are intrinsically stupid as by definition they represent a huge loss of information

each of those sayings could be blown to pieces with little effort

there is a good one though, which is if you look for free advice you are going to get crap advice, and that of course includes any list of guru sayings like buffets
I invested my cock into your mom's ass. Just my 2 cents.
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« Reply #5 on: February 05, 2013, 08:14:59 PM »

are you sure it wasnt you momma's ass?

people whose IQ is below 85 should waist there time reading. Keep on with the manual labor as long as you are not sure
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NotSure
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« Reply #6 on: February 05, 2013, 08:16:42 PM »

are you sure it wasnt you momma's ass?

people whose IQ is below 85 should waist there time reading. Keep on with the manual labor as long as you are not sure
"waist"
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Jadeveon Clowney
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« Reply #7 on: February 05, 2013, 08:17:36 PM »

are you sure it wasnt you momma's ass?

people whose IQ is below 85 should waist there time reading. Keep on with the manual labor as long as you are not sure

agree. fucking waisters. 
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« Reply #8 on: February 05, 2013, 08:20:55 PM »

"waist"

not sure, you a spell checker now??

good boy. i think we found you a reason to live. Get busy on the other threads now boy. many errors to correct/.

i bet you are sure now, arent you boy?
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NotSure
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« Reply #9 on: February 05, 2013, 08:27:33 PM »

not sure, you a spell checker now??

good boy. i think we found you a reason to live. Get busy on the other threads now boy. many errors to correct/.

i bet you are sure now, arent you boy?
Your frustration has been noted. Too many hours in front of mindless entertainment has caused your brain to "waist". Read a book or meditate. Do something productive.
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« Reply #10 on: February 05, 2013, 08:28:23 PM »

are you sure about that?
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Dokey111
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« Reply #11 on: February 05, 2013, 08:31:28 PM »



sayings are intrinsically stupid as by definition they represent a huge loss of information



That's a saying, genius.
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dantelis
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« Reply #12 on: February 05, 2013, 09:42:57 PM »

what a joke

sayings are intrinsically stupid as by definition they represent a huge loss of information

each of those sayings could be blown to pieces with little effort

there is a good one though, which is if you look for free advice you are going to get crap advice, and that of course includes any list of guru sayings like buffets

Buffet keeps the advice short for slow readers like you.
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Mattyh7688
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« Reply #13 on: February 05, 2013, 10:05:49 PM »

Grant it, this isn't going to make you a billionaire investment banker... but it is decent "guidelines" every idiot can follow
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« Reply #14 on: February 05, 2013, 10:10:31 PM »

I invested my cock into your mom's ass. Just my 2 cents.

Same bro, put my carried interest into her IRA. I wasn't fully hard and she was shocked how big it got once inside her.
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« Reply #15 on: February 05, 2013, 10:49:09 PM »

i agree with all except the last...im a cheap guy, but i tend to give good advice.  Wink but then again, im cheap because i enjoy making wise investments with my money, and minimize my spending on shit that isnt going to get me anywhere.
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« Reply #16 on: February 05, 2013, 10:54:41 PM »

Rich people buy assets poor people buy liabilities.
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« Reply #17 on: February 06, 2013, 05:34:07 AM »

Do you agree or disagree.

-Discuss

This is the kind of thing that you will see posted and reported on Facebook to try and show others how much you know and how great your life is.

"See, look at me, I am superior spiritually"

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« Reply #18 on: February 06, 2013, 05:48:43 AM »



Solid.
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« Reply #19 on: February 06, 2013, 06:15:33 AM »

Never exercise.  Eat McDonalds.
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« Reply #20 on: February 06, 2013, 06:26:29 AM »

Same bro, put my carried interest into her IRA. I wasn't fully hard and she was shocked how big it got once inside her.

Are you referring to her "Inflamed Raw Anus"?

The old guy gives great advice. Especially all the eggs in one basket. That one bit me about 15 years ago. Live and learn.
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Krankenstein
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« Reply #21 on: February 06, 2013, 06:46:40 AM »

not sure, you a spell checker now??

good boy. i think we found you a reason to live. Get busy on the other threads now boy. many errors to correct/.

i bet you are sure now, arent you boy?

Not a spell checker genius.  You spelled your word correctly.
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« Reply #22 on: February 06, 2013, 07:26:34 AM »

One more to add that Buffet forgot.

"Don't pay more for the same product you can get cheaper, just because you like the advertising"


This is especially true for management fees you pay to brokers/advisors/fund managers. Over the long-term (which is the lens most of you are looking thru with investments), a manager's ability to beat the market year-after-year and deliver returns over the long term that would out-pace the market are near zilch. It's true. The odds are stacked against a fund manager to beat the free market forces at work. As they should be. Anyone with enough inside information to beat the market is usually vetted out as an inside trader.

Therefore, if fund managers can't beat the exchange index over the long term, why would you pay them money for their product?

It's the sweetest scam going, and very few people talk about it. I highly encourage you to do the math and satisfy yourselves on this point.

2% per year is a lot of money to give to someone who can't beat an ETF, which charges you a fraction of a percent. Think about 1.8% of your money compounding itself over 25 or 30 years. This is not chump change. This is a significant, massive portion of your savings being flitted away by the lure of marketing and the belief that surely, if it's someone's job, they must be good enough to be able to help me beat the Jones'. Not true. Never has been.

The very, very few that have consistently outpaced the free market...well, we know who they are. I guess you could give them all your money, but if they were truthful, even they would tell you that to do so would be foolish. Eventually, they'll loose too. Or they'll die, and the folks who supplant them will lose. But Buffet already mentions that above...diversify.
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Tapeworm
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« Reply #23 on: February 06, 2013, 07:41:58 AM »

I don't have any investments at all.  I think passive income is mostly a myth and I'm too ignorant to actively swim with the sharks.
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« Reply #24 on: February 06, 2013, 08:30:41 AM »

Sounds like pretty common sense advice from mr. Buffet.  I personally follow this advice to a T. My family budgets everything. I'm not rich but I have enough money where I don't need to work for a year if I was forced to.
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