Investments what do you have? - Honda Motorcycles - FireBlades.org
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View Poll Results: Where is you money going?
401k at work or 403b 8 53.33%
IRA and normal saving of 10% each week 1 6.67%
Certificate of Deposit 0 0%
Mutual funds & Stocks, bonds 5 33.33%
I spend all my extra money on my bike 0 0%
I will work till the day I die 1 6.67%
Voters: 15. You may not vote on this poll

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post #1 of 31 Old 12-12-2006, 1:12 PM Thread Starter
 
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Investments what do you have?

You are never to young to save your $$$

Don't drive a hearse in the carpool lane.
F.D. 2844

Last edited by coderedcbr; 12-12-2006 at 1:19 PM.
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post #2 of 31 Old 12-12-2006, 1:15 PM
 
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Re: Investments what do you have?

I am depressed after reading this thread...I own a lot of stock...worthless stock but I own it...
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post #3 of 31 Old 12-12-2006, 1:20 PM Thread Starter
 
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Re: Investments what do you have?

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Originally Posted by smoothrideronli View Post
I am depressed after reading this thread...I own a lot of stock...worthless stock but I own it...
Something is better than nothing

Don't drive a hearse in the carpool lane.
F.D. 2844
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post #4 of 31 Old 12-12-2006, 1:21 PM
 
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Re: Investments what do you have?

Please add an option for my spiderman comic book collection so I may also vote.
thanks.
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post #5 of 31 Old 12-12-2006, 1:22 PM
 
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Re: Investments what do you have?

we have something similar to a 401k at work. i invest 15%of my paycheck into it, and the government puts in 5%.
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post #6 of 31 Old 12-12-2006, 1:27 PM
 
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Re: Investments what do you have?

I am relying solely on Social Security. Allowing the government to take by force my own money, "investing" it in a way that isn't anywhere near as efficient as investing it as I would if I were allowed to actually control my own money, that I earned, is the best option any of us could choose.
And it is such an awesome program that it will be around forever and give us all such a nice, cushy lifestyle.
It isn't at all like an illegal Ponzi scheme.
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post #7 of 31 Old 12-12-2006, 1:33 PM
 
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Re: Investments what do you have?

Quote:
Originally Posted by coderedcbr View Post
Something is better than nothing
Trust me on this one...this is nothing.
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post #8 of 31 Old 12-12-2006, 1:34 PM
 
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Re: Investments what do you have?

Whats Ponzi?
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post #9 of 31 Old 12-12-2006, 1:39 PM
 
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Re: Investments what do you have?

I have some some hostages with great potential. The carrying costs are a bit high to keep them alive, but the ransoms are lucrative.

And then there's this asshole...
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post #10 of 31 Old 12-12-2006, 1:42 PM
 
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Re: Investments what do you have?

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I have some some hostages with great potential. The carrying costs are a bit high to keep them alive, but the ransoms are lucrative.
hope it all works out for ya
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post #11 of 31 Old 12-12-2006, 1:43 PM
 
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Re: Investments what do you have?

I just need to figure out a way to not declare the revenue and pay a bunch of tax. Maybe I can claim them as dependants.

And then there's this asshole...
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post #12 of 31 Old 12-12-2006, 1:46 PM
 
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Re: Investments what do you have?

make them pay in non sequencial $100 bills
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post #13 of 31 Old 12-12-2006, 1:46 PM
 
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Re: Investments what do you have?

Quote:
Originally Posted by smoothrideronli View Post
Whats Ponzi?
In a nutshell, a Ponzi scheme is a scam where "investors" are promised a high return on their money, but the "investee" never actually invests the money.
What happens is that person A "invests" some money, and when that money comes due, he is actually paid out by the "investments" of persons B and C, and so forth.
The actual divdends earned on the monies collected doesn't match what is being paid out, but because of greed people will keep putting money into the scheme until the rug is pulled out from under them either by the "investee" (scam runner) taking the money and running, the money running out or simply not enough new "investors" adding money to the pot to keep up with the payouts.
Sound familiar? Well, other than the fact that SS doesn't promise any large yields. In fact, it doesn't promise anything, as Congress can change the "benefits" at any time.
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post #14 of 31 Old 12-12-2006, 1:48 PM
 
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Re: Investments what do you have?

Sounds like the Canada Pension Plan, which will be empty by the time I retire after paying into it all my life.

And then there's this asshole...
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post #15 of 31 Old 12-12-2006, 1:49 PM
 
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Re: Investments what do you have?

Quote:
Originally Posted by BDA116 View Post
In a nutshell, a Ponzi scheme is a scam where "investors" are promised a high return on their money, but the "investee" never actually invests the money.
What happens is that person A "invests" some money, and when that money comes due, he is actually paid out by the "investments" of persons B and C, and so forth.
The actual divdends earned on the monies collected doesn't match what is being paid out, but because of greed people will keep putting money into the scheme until the rug is pulled out from under them either by the "investee" (scam runner) taking the money and running, the money running out or simply not enough new "investors" adding money to the pot to keep up with the payouts.
Sound familiar? Well, other than the fact that SS doesn't promise any large yields. In fact, it doesn't promise anything, as Congress can change the "benefits" at any time.
wow, that is the same set up isnt it. i never heard it called a ponzi
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