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Old 06-12-2018, 02:14 PM   #41
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Profile says “Foreclosure consultant”—so that’s the secret!
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Old 06-12-2018, 02:30 PM   #42
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Profile says “Foreclosure consultant”—so that’s the secret!
Now I know why people rip out electrical wiring and sell the copper when they're foreclosed on - they want the full 12% return promised.
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Old 06-12-2018, 02:46 PM   #43
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Oh oh!!!! Use yolo!!
Somebody please use yolo!!!
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YASSSS KWEEEN!!
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Old 06-12-2018, 03:07 PM   #44
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It's getting pretty crowded in here, hope we don't tip over.
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Old 06-12-2018, 03:25 PM   #45
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Yes, so sounds like you're selling something that doesn't exist. If we all had access to 12% returns with no tax, and no risk, we'd be retiring at 35 rather than 50-55.
Or in my case 33/34, but back then I would have laughed at 12% returns!
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Old 06-12-2018, 03:42 PM   #46
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I vote disgruntled banned member
I hope you're right because I thought it might have been I who started this thread.
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Old 06-12-2018, 04:03 PM   #47
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Mods must be just sitting back eating popcorn...
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Old 06-12-2018, 04:12 PM   #48
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And that, kids, is how the next generation of variable annuity salesmen makes an entrance!!
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Old 06-12-2018, 04:13 PM   #49
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And that, kids, is how the next generation of variable annuity salesmen makes an entrance!!
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Old 06-12-2018, 04:14 PM   #50
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And that, kids, is how the next generation of variable annuity salesmen makes an entrance!!

Classic!
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Old 06-12-2018, 04:17 PM   #51
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I had a "friend" once who had absolutely safe 14% bonds and couldn't understand why I didn't send him money. I see 12% is the new "safe with no lost"
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Old 06-12-2018, 04:28 PM   #52
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Originally Posted by Bestwifeever View Post
Profile says “Foreclosure consultant”—so that’s the secret!
I have several clients that have figured out how to lose money buying foreclosures, I also have several that average much more than 12% so no guarantees.
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Old 06-12-2018, 04:29 PM   #53
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Thank you LFoG: I have been living in despair since the snow has melted. Now I'm filled with life again. PS: Just over 180 days until winter.
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Old 06-12-2018, 04:31 PM   #54
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I just found the way to build my plan never pay taxes, no loss and avg return 12%.:lau gh:
My guess is: ^^^^^ all hat, no cattle.
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Old 06-12-2018, 04:57 PM   #55
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"Foreclosure consultant"? Hmm..... Maybe he is referring to buying property tax liens? IL promises up to 18% interest every 6 months on your money (36% per year). At least they did some number of years back.
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Old 06-12-2018, 04:58 PM   #56
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YASSSS KWEEEN!!
and FOMO, don't forget FOMO- goes right along with YOLO
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Old 06-12-2018, 05:40 PM   #57
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I just found the way to build my plan never pay taxes, no loss and avg return 12%.
Yeah, it's fun to dream but sadly that's not reality.

Taxes? There's no way to avoid them entirely (death and taxes), but you can get tax advantages with an IRA. If it's a traditional IRA you won't pay taxes on your savings until you retire and start making withdrawals. Or, you can start a Roth IRA and pay the taxes up front so you can make withdrawals tax free later on.

No Loss? FDIC insured savings accounts or Certificates of Deposit (CD's) will give you that but the returns are much lower. Maybe 1-2% for Savings and 2-4% for CD's right now.

12% Return? Possibly in the short run with a stock heavy portfolio. I think my Vanguard index fund was earning around 11% earlier this year, but that was only short term. There have since been losses that dropped the average return significantly. I think CD's were paying around 10% back in the 1980's, but that was before my time. Current CD's don't pay anywhere near that.

Good luck!
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Old 06-12-2018, 06:34 PM   #58
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Wel, OP's profile page states:
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Interests:

Proving everyone wrong.
Doesn't sound like someone interested in learning, and it also doesn't sound like someone that anyone could learn from.

I'd prefer:

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Finding the truth, especially if it shows I was wrong about something.
It's called 'growth'.


Nothing to see here folks.

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Old 06-12-2018, 06:52 PM   #59
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Mods must be just sitting back eating popcorn...
With forum members like who have commented so far, we do not need mods.

Funny how members may disagree on the politics that we need to prosper, but when it comes to making 12% year in/year out with no loss, the concensus is very clear: No way!
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Old 06-12-2018, 07:36 PM   #60
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....

Funny how members may disagree on the politics that we need to prosper, but when it comes to making 12% year in/year out with no loss, the consensus is very clear: No way!
But if I could get a guaranteed 12%, would I take out a mortgage?

-ERD50
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