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Perhaps if your original post was clearly written, there would have been no misunderstanding. eom
JakeFromStateFarm 294 reads
posted


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wrps071797 reads

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

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Just_this_one_time470 reads

Two words - compound interest.

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stucaboy427 reads

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Just_this_one_time359 reads

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stucaboy359 reads

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scoed421 reads

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.

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GaGambler263 reads

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)

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LoboGris368 reads

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.

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stucaboy271 reads

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stucaboy298 reads

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wrps07386 reads

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

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JakeFromStateFarm498 reads

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.

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ripmany412 reads

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wrps07333 reads

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.

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JakeFromStateFarm318 reads

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

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wrps07495 reads

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

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JakeFromStateFarm295 reads

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statson1234355 reads

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 .

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ripmany385 reads

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.

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balljointnut400 reads

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Skyfyre388 reads

Just like pussies all money feel the same

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GaGambler341 reads

Nor does all money.  

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

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souls_harbor281 reads

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Durhamdrew409 reads

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

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wrps07429 reads

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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Jensen36363355 reads

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

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