What are the top 5 most common traits of people who have achieved financial freedom? - Page 15

That would have been better than what you posted. At least that is a tenable position.

I do think that the relationship between net worth and class is stronger than race and class. However, if you think that both factors have an equal impact it would be difficult for me to disprove. It would also be difficult for anyone to prove this (i.e., both are equally important) because race and net worth are related to each other. So sorting out which of the two is definitively more important would not be easy.

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04-27-2010 , 10:39 PM

#353

binions

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Join Date: Jan 2004 Posts: 3,169

Quote:

Originally Posted by Yowserrrs

Moron,

The 30 yr govt treasury currently yields 4.5%. I'm already above 3% at near 0 risk.

Now that's comedy.

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04-27-2010 , 10:42 PM

#354

Shoe

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 11,869

Quote:

Originally Posted by Yowserrrs

Moron,

You responded to a post discussing nominal returns. Maybe you should read more carefully before responding to Suzzer like a jerkoff.

Only real returns should be used in discussions like this or when making projections. I agree everything should be stated in a more constructive manner.

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04-27-2010 , 11:23 PM

#355

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

Quote:

Originally Posted by binions

Now that's comedy.

If the US treasury defaults, any investment other than guns or gold coins is going to be worthless. I'm not saying it couldn't happen. But you might as well consider it risk-free since your cushy life is going to change big-time if it happens - no matter how you invest.

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04-27-2010 , 11:26 PM

#356

Micturition Man

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Join Date: Nov 2003 Posts: 5,159

I'm not sure I've ever seen anyone put his foot in his mouth as consistently as Yowserrrs.

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04-27-2010 , 11:34 PM

#357

binions

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Join Date: Jan 2004 Posts: 3,169

Quote:

Originally Posted by suzzer99

If the US treasury defaults . . .

Yes because default is the only possible risk.

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04-27-2010 , 11:41 PM

#358

suzzer99

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Join Date: Nov 2005 Posts: 99,984

Yeah inflation, which is why I liked my active portfolio (with presumably the right hedges against inflation) a lot better.

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04-28-2010 , 08:39 AM

#359

Yowserrrs

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Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by Micturition Man

I'm not sure I've ever seen anyone put his foot in his mouth as consistently as Yowserrrs.

I said near 0 as like 1 in a billion. An absolutely risk-free asset is a theoretical concept.

Do we really need to play semantics for a 9 decimal point number?

So many f*cking idiots on this site.

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04-28-2010 , 11:39 AM

#360

Thremp

banned

Join Date: Nov 2005 Posts: 36,452

This is so awesome.

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04-28-2010 , 02:21 PM

#361

donkeykong2

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Join Date: Jan 2007 Posts: 3,567

Quote:

Originally Posted by Thremp

Only an idiot would discuss nominal returns.

yep, and this idiot always comes up with a super arrogant tone, too.

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04-28-2010 , 02:25 PM

#362

donkeykong2

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Join Date: Jan 2007 Posts: 3,567

Quote:

Originally Posted by Yowserrrs

I said near 0 as like 1 in a billion. An absolutely risk-free asset is a theoretical concept.

Do we really need to play semantics for a 9 decimal point number?

So many f*cking idiots on this site.

it is not risk-free in real terms it will have quite a bit of variance. i really thought you were a bit smarter than this.

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04-28-2010 , 02:32 PM

#363

binions

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Join Date: Jan 2004 Posts: 3,169

Quote:

Originally Posted by donkeykong2

it will have quite a bit of variance

One example of (extreme) variance might be: Locking up your stash in a 30-year treasury at 4.5% and 5 years from now the US Dollar ceases to be the world's major reserve currency.

Ooops. 25 more years to go collecting 4.5% US dollars.

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04-28-2010 , 02:34 PM

#364

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

Well at least they still spend in the US!

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04-28-2010 , 02:44 PM

#365

Yowserrrs

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Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by donkeykong2

it is not risk-free in real terms it will have quite a bit of variance. i really thought you were a bit smarter than this.

http://en.wikipedia.org/wiki/Modern_Portfolio_Theory

This is the context in which something is discussed as being risk free.

It under no circumstances would ever imply that a treasury was guaranteed to earn a positive real return.

I hope I've restored your opinion of my intelligence now donkeykong2. Thanks f*ckface!

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04-28-2010 , 02:55 PM

#366

Thremp

banned

Join Date: Nov 2005 Posts: 36,452

So why are you discussing a theoretical example in a thread that is talking about actual concrete examples?

Why would you mix/match the two or atleast not make it clear before you tried to "correct" me?

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04-28-2010 , 04:13 PM

#367

Yowserrrs

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Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by suzzer99

I think I could get by. $3mil house, $2mil worth of vacation houses, cars, boats, country club memberships, etc - then live off the $500k/year you should get from your $5 mil. If someone would like to give me $10M to prove my thesis, I will be happy to drop what I'm doing and participate.

Quote:

Originally Posted by Thremp

lolololololololol at a 10% return. Try like 3% and that is generous. You're out of your damn mind.

Quote:

Originally Posted by Yowserrrs

Moron,

The 30 yr govt treasury currently yields 4.5%. I'm already above 3% at near 0 risk.

Not to mention that interest rates are currently the lowest in years. In 1981, you could invest in long dated treasuries at 15%+.

The 30 yr in normal times yields above 6%.

I dont know if you actually thought a consistent 3% nominal yield was impossible or you mistakingly thought he was discussing inflation adjusted yield. Either way the 30 yr yields 4.5% so all this discussion into the 'risk' of treasury bonds is just side convo with the peanut gallery.

Though this is debatable, the S&P 500 is most commonly expected to appreciate 5-6% in real dollars annually.

Last edited by Yowserrrs; 04-28-2010 at 04:20 PM.

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04-28-2010 , 04:38 PM

#368

Thremp

banned

Join Date: Nov 2005 Posts: 36,452

I like how you get involved in threads and brazenly flaunt a complete lack of knowledge. Its pretty sick.

PS: What happened to your Kelly Criterion comments? Did you ever understand that child slavery v kidney question?

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04-28-2010 , 05:57 PM

#369

Yowserrrs

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Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by Thremp

Prob the third or fourth mistake I've seen you make while trying to call someone out. I've cited them all and each time you've responded with 'you know nothing.' If you care to explain what you know and others know that I dont, I'm all ears. In the meantime, pls review this. http://en.wikipedia.org/wiki/Defense_mechanisms - see delusional projection - Grossly frank delusions about external reality, usually of a persecutory nature.

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04-28-2010 , 06:07 PM

#370

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

Ok. Purely in the name of science, I am willing to see if I can live free and clear on $5mil. I don't kid myself, it will be a long brutal struggle with a lot of self-sacrifice and Dickension levels of personal austerity. But simply in the worthy cause of proving that it can be done, I am ready to embark as soon as Henry17 comes through with the material end of the experiment.

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04-28-2010 , 06:16 PM

#371

Thremp

banned

Join Date: Nov 2005 Posts: 36,452

Quote:

Originally Posted by Yowserrrs

Go ahead and explain to me how the values of these items are static and fixed. Thanks in advance, bro.

PS: I'm interested when namecalling was kosher. lol modz

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04-29-2010 , 12:26 PM

#372

donkeykong2

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Join Date: Jan 2007 Posts: 3,567

Quote:

Originally Posted by Yowserrrs

i knew capm and all that stuff before, that was not the point anyway. and usually a 30 year government bond is not the example for a risk free investment.
your comments in this thread are just as useless as the stock/investment recommendations you have posted in this forum. also, how has this garbage poster without manners not been banned, yet?

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04-29-2010 , 12:29 PM

#373

Thremp

banned

Join Date: Nov 2005 Posts: 36,452

Without manners and violating forum rules are vastly different things. Being abrasive and rude doesn't violate rules. Telling someone they're a "****stick moron" or whatever is against the rules. In addition I was recently made away that modifying someone handle to incorporate the word "scammer" is not allowed and I should desist. Despite this being a clear reference to said poster randomly posting on other forums that I'm "probably a scammer".

/useless rant

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04-29-2010 , 12:46 PM

#374

donkeykong2

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Join Date: Jan 2007 Posts: 3,567

i mean he s probably stressed because his investments have gone so wrong but we really don t need his insults in this thread. i mean initially it was funny to see him make an investment suggestion that went horribly wrong and then claiming afterwards that he had doubled or quadroupled up at the rock bottom and came out ahead although the asset lost 75%. after a few times this got boring, too.

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04-29-2010 , 12:47 PM

#375

ArturiusX

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Join Date: Sep 2004 Posts: 19,114

Quote:

Originally Posted by Thremp

I like how you get involved in threads and brazenly flaunt a complete lack of knowledge. Its pretty sick.

This kind of posting is against the rules. Vague insult? Check. Poking someone with a stick? Check. Trying to mask what you're doing under the guise of an 'observation'? Check.

Stick to specifics or don't post at all.

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