What is your net worth?

[seafoam1 3,047]

3 minutes ago, Raven Fan said:

Dude just stop.  Renting is a terrible financial decision to make if you have other options.  You're paying someone else's bills plus profit and you get ZERO at the end of your time there.

Man you stupid. 

Fock off. You are the last person anyone should listen to. To be blunt, I've made over $90,000 in my investments over the past year. Did your home go up that much? Is it always that high of a return? No. But it's been pretty dang consistent for me over the years. 

[IGotWorms 4,058]

23 hours ago, Horseman said:

From an investment/financial perspective there is no difference between renting and owning. There isnt any argument in dollars and cents so if you find yourself arguing one way or the other as an investment you are showing your ignorance.  

If you rent it counts as an expense. A mortgage is a negative bond. Equity is a real estate investment (money that would be invested elsewhere if you rent)    

The biggest benefit from owning is psychological. 

The biggest benefit from renting is flexibility.  

Wrong.

Well you’re right on the benefit of renting. That’s why it’s good for young people and possibly for types who have to move around a lot, like if you’re in the military or you’re a serial killer.

But you’re way off on failing to perceive the benefits of home ownership. With a fixed rate mortgage you cap your hard costs of shelter. You cannot do that with rent. Now mind you there are still associated costs that can change, like taxes, utilities and insurance. So its by no means perfect, but it does control your costs as best you can, which you always want to do if possible.

You’re also completely ignoring that you build equity and when you’re done paying the mortgage you’re sitting on a substantial asset you own free and clear. Even the sh1ttiest house today is worth hundreds of thousands in all but the absolute worst markets in the country. More likely it’ll be worth $500k to a million in today’s dollars. That’s the biggest asset most people will ever own.

There really is no question that you should own once you are in a stable situation. You might have a few exceptions based on work or life choices but passing up the benefits of home ownership is almost always a huge net negative that must be factored in.

[Raven Fan 362]

2 minutes ago, seafoam1 said:

Fock off. You are the last person anyone should listen to. To be blunt, I've made over $90,000 in my investments over the past year. Did your home go up that much? Is it always that high of a return? No. But it's been pretty dang consistent for me over the years. 

How much did you pay in rent Moron?

[seafoam1 3,047]

2 minutes ago, Raven Fan said:

How much did you pay in rent Moron?

Less than your property taxes and house repairs. But I'm not sure just how impoverished you are.

[IGotWorms 4,058]

13 minutes ago, seafoam1 said:

And yet my net worth is higher than yours. I feel bad for you.

Now do the math on how if you have $1M in the bank and you buy a $700,000 house tomorrow, your net worth will then be $40M. 

That's an interesting theory you have. 

I doubt the bolded, and I’m probably even a good 10-15 years younger than you  

As for the rest, it doesn’t even make sense. Did you have a stroke or something?

[IGotWorms 4,058]

9 minutes ago, seafoam1 said:

Fock off. You are the last person anyone should listen to. To be blunt, I've made over $90,000 in my investments over the past year. Did your home go up that much? Is it always that high of a return? No. But it's been pretty dang consistent for me over the years. 

I also got a great rate of return in the market over the last year AND I have about 400 grand of equity in my home.

Oops  

[seafoam1 3,047]

Just now, IGotWorms said:

I doubt the bolded, and I’m probably even a good 10-15 years younger than you  

As for the rest, it doesn’t even make sense. Did you have a stroke or something?

You are the one that claimed if you own a home you are 40x more wealthy than if you don't. 

I guarantee my investments raised me more money last year than your home went up in value. 

[Ron_Artest 1,553]

8 minutes ago, seafoam1 said:

Fock off. You are the last person anyone should listen to. To be blunt, I've made over $90,000 in my investments over the past year. Did your home go up that much? Is it always that high of a return? No. But it's been pretty dang consistent for me over the years. 

If you bought a home and kept your rent payment the same as your mortgage you would still have made that in investments but you would ALSO own a home.

[Raven Fan 362]

6 minutes ago, seafoam1 said:

Less than your property taxes and house repairs. But I'm not sure just how impoverished you are.

Do you pay around $2k a month in rent?

[IGotWorms 4,058]

6 minutes ago, seafoam1 said:

Less than your property taxes and house repairs. But I'm not sure just how impoverished you are.

That’s basically impossible unless you’re renting a cardboard box? Sh1t, even then, not in NYC

[seafoam1 3,047]

Just now, IGotWorms said:

I also got a great rate of return in the market over the last year AND I have about 400 grand of equity in my home.

Oops  

Why do I care what your shltty house is worth? I made more out of that equity in my investments than what your house went up in value. No doubt in my mind. 

[Raven Fan 362]

3 minutes ago, seafoam1 said:

You are the one that claimed if you own a home you are 40x more wealthy than if you don't. 

I guarantee my investments raised me more money last year than your home went up in value. 

Why are you ignoring the rent you paid? That’s equal to our mortgage Moron.

Man cultist are dumb AF

[Raven Fan 362]

1 minute ago, seafoam1 said:

Why do I care what your shltty house is worth? I made more out of that equity in my investments than what your house went up in value. No doubt in my mind. 

Now imagine you had the same investments + equity you blithering idiot.

This is why you emasculate yourself to an Orange conman.  You’re just dumb.

[IGotWorms 4,058]

2 minutes ago, seafoam1 said:

You are the one that claimed if you own a home you are 40x more wealthy than if you don't. 

I guarantee my investments raised me more money last year than your home went up in value. 

I did cite to an article saying that, on average, homeowners have 40 times the wealth of renters. Yes. It does not stand to reason that happens overnight

I mean by your logic if I invest a bunch of money in the market today I probably won’t make hardly anything by tomorrow and may even lose money. I guess nobody should invest in the market then

The idea is that over time home ownership will almost almost always win out and usually by a very considerable margin. You should’ve gotten started a couple decades ago but it may not be entirely too late for you yet. My advice to you would be to wait until rates come down down a bit and pounce on buying a home (or condo, since you seem to prefer low maintenance) as soon as the getting is good — probably this summer or fall would be my guess

[seafoam1 3,047]

3 minutes ago, IGotWorms said:

That’s basically impossible unless you’re renting a cardboard box? Sh1t, even then, not in NYC

Ok. So you've proven you got nothing. You are simply ignorant and that's why you think a person becomes 40x wealthier instantly by buying a home. 

It's good to see your entourage of pimpledoosh and guttermutt following you around. You all fit nicely together. 

Have fun retiring when you are 80 bltch. 

[IGotWorms 4,058]

5 minutes ago, seafoam1 said:

Why do I care what your shltty house is worth? I made more out of that equity in my investments than what your house went up in value. No doubt in my mind. 

The point here, peefoam, is that in matters of finance and net worth, you can, and should, be able to walk and chew gum at the same time

[IGotWorms 4,058]

25 minutes ago, seafoam1 said:

Ok. So you've proven you got nothing. You are simply ignorant and that's why you think a person becomes 40x wealthier instantly by buying a home. 

It's good to see your entourage of pimpledoosh and guttermutt following you around. You all fit nicely together. 

Have fun retiring when you are 80 bltch. 

I never said the bolded and only a pea-brained simpleton like you could ever even think that would be true.

I’m currently on track to retire at 62. Would prefer 59 1/2 but it looks like the financial drawbacks would be too great. But hell, I just hope I’m lucky enough to live that long and stay in relatively good health  

[Raven Fan 362]

4 minutes ago, IGotWorms said:

I never said the bolder and only a pea-brained simpleton like you could ever even think that would be true.

I’m currently on track to retire at 62. Would prefer 59 1/2 but it looks like the financial drawbacks would be too great. But hell, I just hope I’m lucky enough to live that long and stay in relatively good health  

Why do cultist continue to double down on their idiocy instead of just owning up to being wrong.

No one actually thinks anyone thinks owning a home makes one instantly 40x more wealthy.  But he’s repeated it like 10x for some reason.

Well he does live in an apartment complex with the rest of the welfare recipients lol.

[Horseman 2,469]

48 minutes ago, IGotWorms said:

You’re way over complicating it.

Put X percentage (depending on how close you are to retirement) in a low cost s&p 500 index fund

Put the rest in a low cost total bond market fund.

Done, over.

It’s only if you truly have a sh1t ton of money invested in the market (like over $3-5 million) that you need/want to branch out to REITs, emerging markets, etc. 

I have a sh1t ton.  But aside from that, diversification isn't dependent on amount.  But yeah there is an argument that simpler is better, for example in a 75-25 fund:

55 Total Market (not S&P)

20 International

25 fixed income

The argument is that REIT, mid cap, etc would be included in a Total Market Fund.

[Horseman 2,469]

38 minutes ago, IGotWorms said:

Wrong.

Well you’re right on the benefit of renting. That’s why it’s good for young people and possibly for types who have to move around a lot, like if you’re in the military or you’re a serial killer.

But you’re way off on failing to perceive the benefits of home ownership. With a fixed rate mortgage you cap your hard costs of shelter. You cannot do that with rent. Now mind you there are still associated costs that can change, like taxes, utilities and insurance. So its by no means perfect, but it does control your costs as best you can, which you always want to do if possible.

You’re also completely ignoring that you build equity and when you’re done paying the mortgage you’re sitting on a substantial asset you own free and clear. Even the sh1ttiest house today is worth hundreds of thousands in all but the absolute worst markets in the country. More likely it’ll be worth $500k to a million in today’s dollars. That’s the biggest asset most people will ever own.

There really is no question that you should own once you are in a stable situation. You might have a few exceptions based on work or life choices but passing up the benefits of home ownership is almost always a huge net negative that must be factored in.

I may have said it wrong when I said there is no difference in dollars and cents financially.  Of course there is depending on a lot of variables.  What I meant to say is there is no definitive answer to the rent vs. own question.  Anybody arguing that everyone should buy in everyone's situation is a moron.  

[Horseman 2,469]

49 minutes ago, Raven Fan said:

You have to steal a $7 stream and ran away from a $500 bet = FACTS

You having a rolex = more larping from the king insecure, beta, confirmed bottom of this forum.

Holy chit you're a gluten for punishement...actually I hear that's common with dudes who swing your way...

Love this for you boyo.

LMFAO

 

49 minutes ago, Raven Fan said:

He has to steal a $7 steam and ran away from a $500 bet = FACTS

Rolex?

Ah hahahahahahahahaha

Oh really?

https://ibb.co/CHTs6Kq

You walked right into that one. What a foking moron.

 

[seafoam1 3,047]

1 minute ago, Horseman said:

 

Oh really?

https://ibb.co/CHTs6Kq

You walked right into that one. What a foking moron.

 

[Horseman 2,469]

1 hour ago, Ron_Artest said:

Typical d00shbag

The fact that you own a Rolex means you only care about outward appearances of wealth.  The fact that you brag about a Rolex on an anon message board shows you're insecure . The fact that you illegally stream TV and Movies when you can clearly afford it shows that you're a butt hole

Once you're independently wealthy what do you do with the excess?  

Answer:  Buy nice things.  

[IGotWorms 4,058]

24 minutes ago, Raven Fan said:

Why do cultist continue to double down on their idiocy instead of just owning up to being wrong.

No one actually thinks anyone thinks owning a home makes one instantly 40x more wealthy.  But he’s repeated it like 10x for some reason.

Well he does live in an apartment complex with the rest of the welfare recipients lol.

It’s symptomatic of that entire side of the aisle these days. They’re not very sophisticated and do/believe dumb sh1t. Then when people benevolently try to enlighten them they think they’re being talked down to (and, quite honestly, they are a bit), and insist on proudly doubling down on their ignorance.

Sadly that’s about half the country today   

Mind you it’s not all great on the other side either. Leftists have plenty of idiots too and some of them are also quite capable of doubling down on their stupidity. But at least so far, the line has mostly held and the centrists and more rational liberals have said “no, truth matters.”

Look at the geek club as a microcosm. We have maybe one or two posters that unquestionably buy into left wing orthodoxy, a group of posters that are somewhere in the middle, and then a near or actual majority that are batsh1t insane righties.

But I do think that’s all going out the window this November. The batsh1t insane righties are poised for an irrevocable victory (irrevocable for the near-term, at least), with all the implications that follow. It’s basically a fait accompli at this point. Best thing to do now is prepare as best you can

[IGotWorms 4,058]

8 minutes ago, Horseman said:

I have a sh1t ton.  But aside from that, diversification isn't dependent on amount.  But yeah there is an argument that simpler is better, for example in a 75-25 fund:

55 Total Market (not S&P)

20 International

25 fixed income

The argument is that REIT, mid cap, etc would be included in a Total Market Fund.

S&P is already diversified among top 500 companies.

There’s an argument for total market instead and I wouldn’t begrudge you that. Historically the s&p 500 does better and has been the sweet spot in terms of adequate diversity while still focusing on quality stocks, but past performance does not guarantee future returns, that is true 

[IGotWorms 4,058]

7 minutes ago, Horseman said:

I may have said it wrong when I said there is no difference in dollars and cents financially.  Of course there is depending on a lot of variables.  What I meant to say is there is no definitive answer to the rent vs. own question.  Anybody arguing that everyone should buy in everyone's situation is a moron.  

I would say that once you are in a relatively stable situation in terms of personal and professional life, the very strong presumption is that you should own. Yes it won’t be true for everyone but it should absolutely be the default imo 

[seafoam1 3,047]

4 minutes ago, IGotWorms said:

It’s symptomatic of that entire side of the aisle these days. They’re not very sophisticated and do/believe dumb sh1t. Then when people benevolently try to enlighten them they think they’re being talked down to (and, quite honestly, they are a bit), and insist on proudly doubling down on their ignorance.

Sadly that’s about half the country today   

Mind you it’s not all great on the other side either. Leftists have plenty of idiots too and some of them are also quite capable of doubling down on their stupidity. But at least so far, the line has mostly held and the centrists and more rational liberals have said “no, truth matters.”

But I do think that’s all going out the window this November. It’s basically a fait accompli at this point. Best thing to do now is prepare as best you can

My shares of ACN alone are worth more than your house. 

[Raven Fan 362]

10 minutes ago, Horseman said:

 

Oh really?

https://ibb.co/CHTs6Kq

You walked right into that one. What a foking moron.

 

So insecure you need to post a picture of watch on a forum of strangers...

Holy chit the psychiatrist must have a field day with you boyo.

Now why do you have to steal $7 streams and can't afford $500 bets?

Anxiety ridden, insecure, beta bish.

Love this for you boyo. 

[Raven Fan 362]

10 minutes ago, Horseman said:

I may have said it wrong when I said there is no difference in dollars and cents financially.  Of course there is depending on a lot of variables.  What I meant to say is there is no definitive answer to the rent vs. own question.  Anybody arguing that everyone should buy in everyone's situation is a moron.  

There is ZERO ambiguity Mr needs to steal $7 streams.

Owning is ALWAYS a better long term financial decision than renting.  I ran the numbers for you earlier.

You no understand?

[IGotWorms 4,058]

4 minutes ago, seafoam1 said:

My shares of ACN alone are worth more than your house. 

Seems pretty unlikely. You’re crowing over 90k in total returns this year would indicate somewhere around 450k - 500k total in the market. Not bad but, tbh, not especially close to the value of my hizzy

[seafoam1 3,047]

1 minute ago, Raven Fan said:

There is ZERO ambiguity Mr needs to steal $7 streams.

Owning is ALWAYS a better long term financial decision than renting.  I ran the numbers for you earlier.

You no understand?

Why are you stuck on this? You aren't convincing anyone of anything. 

It really seems to bother you seeing other people being able to afford to live the lifestyle they want to live, doesn't it? 

 

[Raven Fan 362]

6 minutes ago, seafoam1 said:

My shares of ACN alone are worth more than your house. 

You so insecure you going to post a picture of your stock statement boyo?  Like @Horseman did with some dirty old watch?

LOLOLOLOLOL

Maybe @Horseman will post up his W2 next....

Insecure, beta, anxiety ridden bish...

Love this for you cultist. 

[Hardcore troubadour 15,464]

56 minutes ago, seafoam1 said:

Less than your property taxes and house repairs. But I'm not sure just how impoverished you are.

He has a very small, outdated ranch house built in the 1950’s. I don’t think the upkeep can be all that much. 

[Raven Fan 362]

1 minute ago, seafoam1 said:

Why are you stuck on this? You aren't convincing anyone of anything. 

It really seems to bother you seeing other people being able to afford to live the lifestyle they want to live, doesn't it? 

 

Why am I stuck on the sky is blue?  Or gravity is real?  Or the 2020 election wasn't stolen?

Because facts are important cultist.  You're lighting your rent $s on fire each month while the rest of us accumulate that sweet sweet home equity.

buriful. 

[Raven Fan 362]

Just now, Hardcore troubadour said:

He has a very small, outdated ranch house built in the 1950’s. I don’t think the upkeep can be all that much. 

Bro, 1950's house and you don't think the uptick is something?

I'm guessing you rent too?

[IGotWorms 4,058]

2 minutes ago, Hardcore troubadour said:

He has a very small, outdated ranch house built in the 1950’s. I don’t think the upkeep can be all that much. 

You stalking again?

[seafoam1 3,047]

10 minutes ago, IGotWorms said:

Seems pretty unlikely. You’re crowing over 90k in total returns this year would indicate somewhere around 450k - 500k total in the market. Not bad but, tbh, not especially close to the value of my hizzy

Wrong. I said OVER $90,000. If I said the truth, you would all just deny it and whine, "No you didn't". Plus I haven't done my taxes yet and have assessed everything to this point so I was conservative. 

Anyway, you said you had $400,000 in your house. I have more than that in ACN alone.

And much more than that in my 401k. Plus I have a third of your house's equity in my spending account that earns a simple 4.5%. But that money I move around depending on various factors. 

 

[seafoam1 3,047]

5 minutes ago, Hardcore troubadour said:

He has a very small, outdated ranch house built in the 1950’s. I don’t think the upkeep can be all that much. 

True. I did think of that after the fact. 

[Raven Fan 362]

2 minutes ago, IGotWorms said:

You stalking again?

Nah, that's true, I posted that.  I do live in a modest 1950's rancher and all the larping, insecure, beta cultist think that's a reason to make fun of me.

Notice I'm not an insecure, beta bish so IDGAF what these morons post or think.  I'm just waiting for @Horseman to get so insecure that he posts a pic of his W2 along with his dirty watch. 

[Ron_Artest 1,553]

11 minutes ago, seafoam1 said:

Wrong. I said OVER $90,000. If I said the truth, you would all just deny it and whine, "No you didn't". Plus I haven't done my taxes yet and have assessed everything to this point so I was conservative. 

Anyway, you said you had $400,000 in your house. I have more than that in ACN alone.

And much more than that in my 401k. Plus I have a third of your house's equity in my spending account that earns a simple 4.5%. But that money I move around depending on various factors. 

 

Having that much in one stock is dumb.