Originally Posted by DenverChief:
Really? I pay ~$30.00/quarter for $180,000 policy on myself and another ~$10.00/quarter for an $80,000 policy on my spouse. I over pay into the policy by $30/each ($60/$40 per quarter) with a guaranteed minimum 3% return on my cash value. Every 4 years that is re-evaluated if the rate is higher than 3% that is effective for the next 4 years. If it is lower, then 3% is the minimum. IDK about you but that seems pretty damn cheap for a whole life policy with some pretty good guaranteed return or better. Cash out the policy tax free at retirement or take a loan out at anytime.
I also have a term life policy thru my job for about $12/month.
It sounds like it is tied to some sort of annuity. Low risk/low reward, it is much better than what the average person is doing, but you are leaving money on the table. Like life insurance it is probably built on some actuaries and the insurance company is betting on making money on the spread of what your dollars are earning and what they are paying. [Reply]
Originally Posted by lewdog:
Let's get back on track.
Seriously here. I hope you aren't a decade out from retirement and sitting on a mountain of cash.
That rarely works out well against inflation and rising healthcare costs associated with aging.
I might be riding something like 60/40 or 50/50 at that time, but all that cash sitting idly by is much riskier than investing conservatively in the market.
That's only about 7k ... Just a little cabbage for the safe... You never know, one day the card may not work ... Remember that EMP we talked about a few years ago? [Reply]
Originally Posted by R8RFAN:
That's only about 7k ... Just a little cabbage for the safe... You never know, one day the card may not work ... Remember that EMP we talked about a few years ago?
I’m not talking about the $7k.
I’m talking about your several hundred thousand dollars you likely have in a savings account somewhere. [Reply]
Originally Posted by lewdog:
At it's current price, would you buy Apple Stock?
Sell me either way.
I have some apple and it's been great. I'll keep it. But I still kind of wonder why that stock is so valuable. They're in a field that has lots of competition, and their niche seems to be user interface and cult loyalty. The first one of those is easy to lose as soon as someone else comes up with a great idea. I think the second one lasts as long as the first one is in place.
So I've got some, but I don't think I'd keep buying more. [Reply]
Originally Posted by Hammock Parties:
Nope. IQ is still an ass.
I'm thinking about taking that money out and making a few investments in Mahomian Stocks.
IQ still blows. When it spikes, I sell a covered call to at least make some money. Once it gets back above $30 I will be looking to sell.
Alibaba is killing me too. Fucking China!!!
Originally Posted by Rain Man:
I have some apple and it's been great. I'll keep it. But I still kind of wonder why that stock is so valuable. They're in a field that has lots of competition, and their niche seems to be user interface and cult loyalty. The first one of those is easy to lose as soon as someone else comes up with a great idea. I think the second one lasts as long as the first one is in place.
So I've got some, but I don't think I'd keep buying more.
They are a cash heaven and are well run, that's why it's so valuable. They are always innovative and have secured cult status for many. The stock buybacks will continue to keep the stock price nice and healthy as well.
Originally Posted by Rain Man:
I have some apple and it's been great. I'll keep it. But I still kind of wonder why that stock is so valuable. They're in a field that has lots of competition, and their niche seems to be user interface and cult loyalty. The first one of those is easy to lose as soon as someone else comes up with a great idea. I think the second one lasts as long as the first one is in place.
So I've got some, but I don't think I'd keep buying more.
It's a great brand, and they've got enough cash to buy one of Earth's hemispheres. Lot's of means for innovation and who know's what else that they can pursue in decades to come.
I'm not a buyer beyond what I own, but if I was younger I wouldn't hesitate. [Reply]
Originally Posted by EPodolak:
It's a great brand, and they've got enough cash to buy one of Earth's hemispheres. Lot's of means for innovation and who know's what else that they can pursue in decades to come.
I'm not a buyer beyond what I own, but if I was younger I wouldn't hesitate.
Their cash stream is truly remarkable. Literally insane.
I sold all my shares around $210 for a nice profit but am thinking of buying back if it continues to dip more. [Reply]