TER General Board

So how much "Interest" does your bank pay. EOM
wrps07 1666 reads
posted
1 / 26

Hobbyists does it feel different when you have a session from money that comes from investment income versus your paycheck ?

Just_this_one_time 427 reads
posted
2 / 26
statson1234 131 Reviews 322 reads
posted
3 / 26

It doesn't mater where the money comes from ,
As long as you are getting laid ;)

I personally have a hooker fund , since I am kinda  
Super cheep I have a surplus hahahaha

I got few grand put aside for p4p ( and i always add $$ )  
But also i try to have a limit on seeing usually one  
Or two girls a week at the most .

ripmany 9 Reviews 340 reads
posted
4 / 26

I use slush fund according so nother wards my pay check and cash out MF all go into a bank account then it then there the  entertainment withdrawal cash entery so for income statement 50% of my income is working the other is 50% investment withdraw so the hobby comes from both.

balljointnut 23 Reviews 369 reads
posted
5 / 26


END OF MESSAGE

wrps07 358 reads
posted
7 / 26

Trade stocks, rental income, bond income for hobby money.

Just_this_one_time 332 reads
posted
8 / 26
stucaboy 326 reads
posted
9 / 26
stucaboy 247 reads
posted
10 / 26
Skyfyre 345 reads
posted
11 / 26

Just like pussies all money feel the same

scoed 8 Reviews 376 reads
posted
12 / 26

Outside of six months of expenses as an emergency fund you shouldn't have money in the bank. Any investment should easily out pace a bank. You really should fire whomever is giving you investment advice.

souls_harbor 250 reads
posted
13 / 26
JakeFromStateFarm 452 reads
posted
14 / 26

Any investment gains within a 401K are tax free.  But when you make a withdrawal, the amount is taxed at ordinary income rates.  So if your marginal tax rate is 25%, every dollar you take out of a 401K costs you $1.25.
Please tell me you are not suggesting anyone take money OUT of a 401K to pay hooker expenses.

GaGambler 229 reads
posted
16 / 26

Maybe he thinks a .25% interest rate beats the fuck out of the negative interest bonds being floated on that side of the pond.

and yes you humorless fuck, any one who confuses savings with investment is a moron TSTTT.  

(sorry, I just HAD to add that humorless fuck line, I simply can't help myself at times PLUS I have a reputation to uphold lol)

GaGambler 297 reads
posted
17 / 26

Nor does all money.  

Forgetting about Chicken Little for a second, How about seeing hookers with gambling winnings, or other "found" money?

Durhamdrew 19 Reviews 372 reads
posted
18 / 26

Posted By: wrps07
Hobbyists does it feel different when you have a session from money that comes from investment income versus your paycheck ?

wrps07 298 reads
posted
19 / 26

I was talking about using 401k and mortgage deduction to lower adjusted gross income.  

That way when you get capital gains it won't be so be such a big hit.

LoboGris 3 Reviews 333 reads
posted
20 / 26

Not the whole truth.

Investment strategies for a 20 something that can ride the long term that most (if not all) advisors hype should not be the same strategies employed by a 70 something whose long term might be measured in weeks or months. Even Warren Buffet recommends that the older you get, the more of your wealth should be held in cash.

There was a lot of grief in the 2008 crash among those around retirement age who suddenly lost a huge amount of wealth and found themselves looking forward to another 10-15 years in the work force.

Like almost everything else in life, a one size fits all solution seldom works. Since I am not a 20 something, when my adviser recommended 40% bonds, 40% stock and 20% commodities I fired him.

JakeFromStateFarm 293 reads
posted
21 / 26

You pay ordinary income tax at your highest marginal rate.  Lawdy, you are a disaster.

wrps07 451 reads
posted
22 / 26

I was talking about using 401k payroll deduction to lower adjusted gross income so income tax is lowered. Not take it to hobby with.

The stock trading I am talking about comes from a taxable account.

-- Modified on 8/3/2016 12:17:04 PM

stucaboy 233 reads
posted
23 / 26
Jensen36363 58 Reviews 316 reads
posted
24 / 26

on what you mean by "investment income".

I have some investments that are predictably generating X income and I think of it pretty much the same as I do my paycheck.

If you're talking about an unexpected gain then yes, I tend to splurge and it feels better because I don't see it as a conflict in terms of savings and investment.  

I must say though, that's all to much rational thinking for the enjoyment I get from this world ;-)

-- Modified on 8/3/2016 2:13:23 PM

wrps07 396 reads
posted
26 / 26

I know someone who did that a few years ago. He inherited $50,000 from his parents. He blew in 1 year then a few years later he died.  

Myself I would probably invest it so it would be a self generating hobby fund. Hobby of the quarterly dividends of the S&P 500. Maybe stock trade with smaller amounts.

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