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tommy Eternal Order Devil's Island 16544 Posts |
Even if you don't pay them?
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Dannydoyle Eternal Order 21219 Posts |
Quote:
On 2013-06-22 10:57, silvercup wrote: So are generalizations.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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LobowolfXXX Inner circle La Famiglia 1196 Posts |
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On 2013-06-22 10:57, silvercup wrote: There are some rich suckers out there.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
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tommy Eternal Order Devil's Island 16544 Posts |
There never was a Financial Crisis but it was and it still is a wonderful illusion.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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balducci Loyal user Canada 227 Posts |
Quote:
On 2013-06-22 01:05, General_Magician wrote: Okay, keep thinking that. It is your loss, not mine. Of course there are no guarantees for anything in this world if you want to get very nit-picky and technical. There is no guarantee that the sun will rise tomorrow, for that matter. But for all practical intents and purposes, there are guarantees in investing if you know what you are doing and invest in the right things.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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tommy Eternal Order Devil's Island 16544 Posts |
Does the sun rise or do we go down? Well we are going down whether the sun rises or not and that I guarantee.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On 2013-06-22 13:48, balducci wrote: For example, gold. Or tulips. |
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silvercup Loyal user 223 Posts |
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On 2013-06-22 11:18, tommy wrote: Ha! Like the U.S.? |
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Dannydoyle Eternal Order 21219 Posts |
If you don't want to borrow money to buy a house then don't. If you don't want to buy a new car but prefer to save for one go for it. If it makes you feel better have at it.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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tommy Eternal Order Devil's Island 16544 Posts |
When is he going to pay his $52,968.45 anyway?
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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General_Magician Special user United States 707 Posts |
The prices of precious metals can be very volatile as well and you can lose money investing in them. I think diversification and hedging against various risks is important. For example the risk of inflation, interest rates, currency and credit risk when investing in bonds. Personally, I think the most effective and simplest way to hedge against these risks is choosing a good domestic index fund, a good international index fund (to hedge against currency risk, buying into a international index funds you are also buying the currencies of those companies traded on that international index) and a bond index fund. But that's me, everybody has their own style.
Warren Buffet likes to invest in individual stocks, but I simply don't have the time to research individual stocks nor do I have the experience and knowledge that Warren Buffet has, so index funds is what I personally prefer. But I understand the basic premise of his value investing strategy that was taught to him by Benjamin Graham by reading one of Graham's books (The Intelligent Investor). I was intrigued by Graham's "Mr. Market" and how "Mr. Market" gets overly exicited and overprices his companies or when he gets overly depressed he asks for much less than what some of his companies are really worth (which those are the companies you want to buy to get a good bargain, but it takes a lot of research, knowledge and experience to wisely choose those companies which also requires a lot of work, for an average joe like me who just wants to be a magician, I don't have the time to do the work on researching those stocks, so index funds seem to be the safest bet for me).
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
Without "good debt" there are many highly profitable businesses that would have to shut down.
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General_Magician Special user United States 707 Posts |
I personally don't believe there is such thing as 'good' debt. All debt is bad in my opinion. But that's me. Anyway, here is a wikipedia article on Benjamin Graham's view on investment:
Quote:
Warren Buffett describes The Intelligent Investor as "the best book about investing ever written."[3] Graham exhorted the stock market participant to first draw a fundamental distinction between investment and speculation. In Security Analysis, he proposed a clear definition of investment that was distinguished from what he deemed speculation. It read, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."[4] http://en.wikipedia.org/wiki/Benjamin_Graham
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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Dannydoyle Eternal Order 21219 Posts |
Many businesses use good debt to finance payroll till accounts receivable come in.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
Quote:
On 2013-06-22 23:20, General_Magician wrote: I was, of course, kidding about gold. You knew that, right? Quote:
On 2013-06-22 23:20, General_Magician wrote: And yield curve risk, and event risk, and reinvestment risk, and call (or prepayment) risk, and liquidity risk, and volatility risk, and so on. Quote:
On 2013-06-22 23:20, General_Magician wrote: When you buy an international index fund you are not hedging against currency (i.e., exchange-rate) risk; you're incurring currency risk. If you invest exclusively in domestic index funds, you have no currency risk. |
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
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On 2013-06-22 23:44, General_Magician wrote: That sounds much more like a faith based belief rather than one based on economics or an understanding of how many businesses are run. Running credit lines are essential in the bar and restaurant businesses, for example. And without investors and loans, many of the most successful individuals and businesses would never have made it from the starting gate. |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On 2013-06-22 23:47, Dannydoyle wrote: Working capital management can be extremely lucrative, a fact many businessess don't realize. For example, if you have typical trade credit terms of 2/10 net 30 (2% discount if paid in 10 days, balance due in 30 days), paying on day 10 amounts to an effective annual yield of 44.6% on your cash. I don't know of any other investment in which you can earn a guaranteed return of 44.6%, yet many businesses will wait to pay on day 30, forgoing that yield. |
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General_Magician Special user United States 707 Posts |
Like Danny mentioned if you want to pay cash on a house or a car, I think it's a good idea, when it comes to purchasing a house, to invest your money with the financial objective of making money to acquire enough to purchase the house without resorting to a mortgage loan. You can do the same with a vehicle, but you probably don't want to take as much risk with your money when investing towards buying a vehicle since it costs less than a house (or I guess it depends on the vehicle too, but I prefer a vehicle that is used reliable and fuel efficient). Probably just stash the cash in a money market mutual fund rather than a stock index mutual fund (though money markets are not true investments like a stock index mutual fund) when setting aside money to purchase a vehicle. I think it's a good idea to use investing towards achieving some of those financial objectives such as owning a home or purchasing a decent used vehicle but with vehicles, I wouldn't invest money into stocks or mutual funds given that it won't take as much time to acquire the capital for a vehicle purchase like it will for a house.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
Quote:
On 2013-06-23 01:51, General_Magician wrote: What makes an investment "true" or not? What makes you think that money market funds aren't "true" investments? |
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MobilityBundle Regular user Las Vegas/Boston 120 Posts |
Quote:
On 2013-06-22 23:20, General_Magician wrote: What if the companies in your funds themselves have debt? Is investing in a company that has debt as abhorrent as having debt yourself? |
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