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06-12-2018, 02:14 PM
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#41
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Profile says “Foreclosure consultant”—so that’s the secret!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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06-12-2018, 02:30 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Quote:
Originally Posted by Bestwifeever
Profile says “Foreclosure consultant”—so that’s the secret!
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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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06-12-2018, 02:46 PM
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#43
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,711
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Quote:
Originally Posted by imp4
Oh oh!!!! Use yolo!!
Somebody please use yolo!!!
[emoji12]
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YASSSS KWEEEN!!
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06-12-2018, 03:07 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
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It's getting pretty crowded in here, hope we don't tip over.
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06-12-2018, 03:25 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
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Quote:
Originally Posted by HNL Bill
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.
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Or in my case 33/34, but back then I would have laughed at 12% returns!
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06-12-2018, 03:42 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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Quote:
Originally Posted by Bestwifeever
I vote disgruntled banned member
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I hope you're right because I thought it might have been I who started this thread.
__________________
When the people shall have nothing more to eat, they will eat the rich--philosopher Jean-Jacques Rousseau
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06-12-2018, 04:03 PM
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#47
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: St. Paul
Posts: 1,847
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Mods must be just sitting back eating popcorn...
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06-12-2018, 04:12 PM
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#48
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Full time employment: Posting here.
Join Date: Jul 2013
Posts: 953
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And that, kids, is how the next generation of variable annuity salesmen makes an entrance!!
__________________
Well it's all right, we're heading to the end of the line...
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06-12-2018, 04:13 PM
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#49
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by Clone
And that, kids, is how the next generation of variable annuity salesmen makes an entrance!!
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++
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06-12-2018, 04:14 PM
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#50
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 1,166
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Quote:
Originally Posted by Clone
And that, kids, is how the next generation of variable annuity salesmen makes an entrance!!
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Classic!
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06-12-2018, 04:17 PM
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#51
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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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"
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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06-12-2018, 04:28 PM
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#52
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Location: Bloomington, MN
Posts: 1,137
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Quote:
Originally Posted by Bestwifeever
Profile says “Foreclosure consultant”—so that’s the secret!
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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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06-12-2018, 04:29 PM
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#53
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Recycles dryer sheets
Join Date: Dec 2017
Location: CarUpOnBlocks NY
Posts: 178
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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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06-12-2018, 04:31 PM
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#54
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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Quote:
Originally Posted by livefreeofguilt
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My guess is: ^^^^^ all hat, no cattle.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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06-12-2018, 04:57 PM
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#55
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Chicago West Burbs
Posts: 2,998
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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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06-12-2018, 04:58 PM
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#56
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Recycles dryer sheets
Join Date: Oct 2016
Posts: 430
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and FOMO, don't forget FOMO- goes right along with YOLO
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06-12-2018, 05:40 PM
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#57
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Thinks s/he gets paid by the post
Join Date: Nov 2016
Location: Washington State
Posts: 2,350
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Quote:
Originally Posted by livefreeofguilt
I just found the way to build my plan never pay taxes, no loss and avg return 12%.
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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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06-12-2018, 06:34 PM
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#58
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,821
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Wel, OP's profile page states:
Quote:
Interests:
Proving everyone wrong.
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Doesn't sound like someone interested in learning, and it also doesn't sound like someone that anyone could learn from.
I'd prefer:
Quote:
Interests:
Finding the truth, especially if it shows I was wrong about something.
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It's called 'growth'.
Nothing to see here folks.
-ERD50
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06-12-2018, 06:52 PM
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#59
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Marita40
Mods must be just sitting back eating popcorn...
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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!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-12-2018, 07:36 PM
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#60
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,821
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Quote:
Originally Posted by NW-Bound
....
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!
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But if I could get a guaranteed 12%, would I take out a mortgage?
-ERD50
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