Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Ripsnort on August 02, 2001, 07:42:00 AM
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...not yet, but in about 16 years! We took the $600 bones and started a mutual fund for our littlest (2yr old), auto deduction of $100 month taken out of checking account each month thereafter. We did this with Geeman too, back 4 years ago, today he has $13,000 and its projected to roughly be about $80,000 when he's 18.
You see, $300-$600 may not seem like alot of money to you all, but wisely invested, it can be useful when you get close to retirement, and don't feel like forking out thousands for an education for your young-uns. Granted, tuitions will go up too, but hey, something is better than nothing (like I had, 0 ) when your 18.
I can only hope that those so intently against an administration that wants to return your money to you can only go as far as taking that money, and returning to the government, ie.,put your money where your mouth is. :)
(Don's flameproof suit)
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There are a lot of solid, steady and non-liquid investments you can put that money into. Meaning that after several years of compounded interest, just a couple hundred dollars can turn into thousands. It's pretty much guaranteed, unlike stocks in companies which are pretty unstable.
Basically what I'm saying is, if you take that money and invest it in something that has a locked interest rate but is very stable and put in about 100$ a year from your paycheck, your kid will be able to retire a millionaire. If your still alive, this means roles are reversed and your kid now has to take care of you.
Anyways, that 600$ will turn into 10 to 100 times that depending how long you keep it invested.
It's a smart move Rip.
-SW
[ 08-02-2001: Message edited by: SWulfe ]
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Originally posted by SWulfe:
There are a lot of solid, steady and non-liquid investments you can put that money into. Meaning that after several years of compounded interest, just a couple hundred dollars can turn into thousands. It's pretty much guaranteed, unlike stocks in companies which are pretty unstable.
Basically what I'm saying is, if you take that money and invest it in something that has a locked interest rate but is very stable and put in about 100$ a year from your paycheck, your kid will be able to retire a millionaire. If your still alive, this means roles are reversed and your kid now has to take care of you.
Anyways, that 600$ will turn into 10 to 100 times that depending how long you keep it invested.
It's a smart move Rip.
-SW
[ 08-02-2001: Message edited by: SWulfe ]
Well, I did alittle researching 5 years ago, found a nice mutual fund that was balanced enough to enjoy the benefit of a bull market, yet robust enough to handle the bear market we're in...he made more money in this bear market in the last 1 1/2 than I did in my investment plan via my company. Guess I should invest in his mutual fund!
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Mutual funds are the way to go.
Then again, bonds can work out too. Although they take 7 years to mature, they are still pretty good ways to safely double your money.
-SW
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wtg Rip!
lucky boys to have parents who care about their futures over temp materialistic gains.
still waiting on our monies, 2nd to last in the distro list :)
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Originally posted by SWulfe:
Mutual funds are the way to go.
Then again, bonds can work out too. Although they take 7 years to mature, they are still pretty good ways to safely double your money.
-SW
Mutual fund that Gee has:
Initial investment: $1000
$100 x 48 months additional each month=$4800
Total invested out of my pocket=$5800
Net worth today=$13,000
Capital net gain profit of $7200
..in 4 years, alot better than a bond IMO. But yes, bonds can be profitable.
Incidently, the mutual fund is thru Oakmark. By investing in them 10 years ago for my own account, we were able to go from a 1400 sq. ft. 3 bd/2bth house to a 2600 sq.ft.5 bedroom,3 bath house in 6 years. :)
Can't tell you enough how important it is to put some away for a rainy day!
[ 08-02-2001: Message edited by: Ripsnort ]
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The downside to a mutual fund though, is that they charge an annual or quarterly charge to invest ur money there. I prefer to research and invest in stocks myself (no, not day trading--thats gambling).
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Originally posted by Ding_Hao:
The downside to a mutual fund though, is that they charge an annual or quarterly charge to invest ur money there. I prefer to research and invest in stocks myself (no, not day trading--thats gambling).
Simple, get a "no-load" fund like we did. Also, I don't have a broker, I am mine own. I pay nothing.
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Cletus has *nothing* to do with your being a good parent. :p
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Returning money that I overpaid in taxes is definately in that equation, Jihad.
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Good for you, Rip. Nice to have that kind of planning for your kids.
I just started up a Roth IRA a few days ago. At 31, I was doing some scribbling to figure out what I would have if I want to retire at 65 (or whatever). So far, here at work I have a $401k plan, the newly established Roth IRA, plus whatever benies the UPS Pension will offer, then Social Secuirty, if its still around.
I figure if I can't live it up now, maybe I can take a little finanical pinch now, so I can later on in life :)
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Unfortunatly Rip by the time Geeman is ready for college, the 80k should take care of a couple of quarters. :(
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Originally posted by Weave:
Unfortunatly Rip by the time Geeman is ready for college, the 80k should take care of a couple of quarters. :(
Yep, that's why I stated "Granted, tuitions will go up too, but hey, something is better than nothing (like I had, 0 ) when your 18."
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Originally posted by Ripsnort:
Returning money that I overpaid in taxes is definately in that equation, Jihad.
<snicker>
WTF did you overpay for?
Claim the maximum dependants allowed on your W-2 form and put the difference you recieve into an interest bearing account, pay taxes at the end of the year and pocket the rest - or do you trust the US government to manage your money better than you can?
You really crack me up thinking theres a difference between the current regime and past ones.
The only difference between the slack jawed fool we elected and Clinton is he just hasn't been caught yet.
Time will show he's as big a crook as his daddy and RayGunZ regime were.
:p
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Naaaa... if he gets caught it'll be with a Dallas Cowboy Cheerleader and not fat sow "i look like a farm animal from home"... :eek:
xBAT
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Originally posted by batdog:
Naaaa... if he gets caught it'll be with a Dallas Cowboy Cheerleader and not fat sow "i look like a farm animal from home"... :eek:
xBAT
This makes sense, because he really was a cheerleader!
Jihad, its attitudes like yours where if a guy cured cancer, you'd find something wrong with him ;)
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WTF did you overpay for?
Everybody that worked overpaid, that's why we're getting a tax refund, ya dip! Ain't ya been paying attention? Of course, it *would* have been about 1200 but the Dems got their greedy little "tax and spend" hands on the bill before it was passed.
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What attitude?
I'm not blinded by ideology like some of you guys are, frankly anyone who puts a piece of toejam like dubya on a pedestal is a fool.
He's a frigging politician, if you think he's looking out for anyones best interests other than his own your mistaken.
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If you send it, they will spend it.
No matter how much we send, they will find a way to spend it all, and much, much more besides.
If you get even a quarter back from those clowns in Congress, count yourself lucky.
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Jihad,do you have an alternative to running Gov't? If no politicians, then what? Chaos? Disorder? "police" states? ;)
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has anyone ever seen jihad and blur in the same room at the same time? :)
both impress me equally ....
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Originally posted by Eagler:
has anyone ever seen jihad and blur in the same room at the same time? :)
both impress me equally ....
Funny..I feel the same way about you.
Blurs a dipshit but at least he's not a mindless republican pawn spouting the party line. :D
Jihad,do you have an alternative to running Gov't? If no politicians, then what? Chaos? Disorder? "police" states?
Yeah, the alternative is campaign finance reform, term limits, and an end to professional lobbyists having access to elected officials.
It should be a JOB with the citizens best interests being served.
The man best suited for the JOB should be elected, not a little beady eyed rat faced noodlesucker <dubya> who rode his daddys money and political connections into office.
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Originally posted by jihad:
What attitude?
I'm not blinded by ideology like some of you guys are, frankly anyone who puts a piece of toejam like dubya on a pedestal is a fool.
He's a frigging politician, if you think he's looking out for anyones best interests other than his own your mistaken.
Then why don't you change the "From" field in your profile to some other country
ByMoving There
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Originally posted by jihad:
I'm not blinded by ideology like some of you guys are, frankly anyone who puts a piece of toejam like dubya on a pedestal is a fool.
He's a frigging politician, if you think he's looking out for anyones best interests other than his own your mistaken.
and what was the alternative?
I think that you do not like W that much, do you?
[ 08-02-2001: Message edited by: mietla ]
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he'd rather of had gore or that other dem mccaine or another 4 yrs of slick willie :)
sorry rip, your thread is driftin ;)
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Hehe, yah, drifting alright... ;) Get my drift?
Anyway, it was nice to get that money back, even if it was smaller than originally intended. Small things turn to large things, most men know this! ;)
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Hmm, lotsa a Smiley-faced commands but no squelch for Jihad option. Just have to keep laughing at him while he calls anyone who contradicts him a Nazi. <shrug> Sad, and he accuses US for having a narrow mind. Kettle, black hot ;)
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Yeah, the alternative is campaign finance reform, term limits, and an end to professional lobbyists having access to elected officials.
It should be a JOB with the citizens best interests being served.
This makes perfect sense to me.
But looking from the outside, most of you are so blinded by your party loyalties you are unwilling to see that you probably agree with the above statement.
Purely out of interest, do you believe the recent election was a well-organised and transparent example of democracy in action?
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Originally posted by LePaul:
Hmm, lotsa a Smiley-faced commands but no squelch for Jihad option. Just have to keep laughing at him while he calls anyone who contradicts him a Nazi. <shrug> Sad, and he accuses US for having a narrow mind. Kettle, black hot ;)
(http://www.wardogs.org/jihad/bush.gif)
ZOOOOOMMMMMMM!
Another cowardly drive by posting from Le~Pew.
:rolleyes:
(http://www.wardogs.org/jihad/squeal.gif)
Brang me sum of dat lard Brandeen
:D
[ 08-02-2001: Message edited by: jihad ]
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Yep, the more things change, the more they stay the same Jihad :) (Think Johnson, Carter)
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Originally posted by Dowding:
most of you are so blinded by your party loyalties you are unwilling to see that you probably agree with the above statement.
Purely out of interest, do you believe the recent election was a well-organised and transparent example of democracy in action?
First, party loyalty comes from consistent issues that one agrees with, but does not necessarily mean loyalty, I tend to go republican, but I've disagreed with local issues and voted Democrat before.
Secondly, what happened this last election was not typical of an election in the US, if you think it was, then your either very young, or have not done 'your home work' in US politics. I would stay concerned about your countrie's politics rather than be concerned of ours, for its your involvement, vote, that will affect your life. By you commenting on how someone elses house has roaches could indeed be a call sign that your own house may need an exterminator. :)
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(http://www.wardogs.org/jihad/dubya.gif)
Dubya expressing his admiration for Dick Cheney. :p
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What.. this is a 'REFUND'??
WHAT 'REFUND'???
Some of you guys crack me up.. and some of you got me worried.
If you had yer house busted into, and by some strange quirk; the money was recovered, and the police called you to come get it (after it's suitible use as 'evidence' had run it's course) would they say "come get yer refund.." ??
Well???
Listen up yah buncha programed republicanized PC donutwoods, that ain't no "REFUND"!
Lets get this straight.. you LOAN the governement money every pay period... at the end of the year; they tally up what you loaned 'em, give you a bill schedule for living here that even THEY can't make sense of and extort from you the majority of your good faith loan. By Law.
What you get back was always yours.. they didn't pay intrest on it... the thievin bums are STILL robbin yah; and you walk around sayin dum-assed stuff like "I got a REFUND, Oh; THANK you Mr. Bush... "
It should be "Mr. Bush; we deserve to be raped.. just gettin diddlyed ain't good enuff fer us."
Get a clue!
[ 08-02-2001: Message edited by: Hangtime ]
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Let's not forget the reduction that began in July on your paycheck in fed taxes you pay (if you make 28-35k a year, its about 380 bucks) and lets not forget the deductible for those with kids went from 500 to 1000, and a marriage tax penalty is gone:
The current tax code frequently taxes couples more after they get married.
This marriage tax contradicts our values and any reasonable sense of
fairness. President Bush’s tax relief plan will greatly reduce the marriage
penalty by restoring the deduction for two-earner families. This will allow
the lower-earning spouse to deduct 10 percent - up to $3,000 - of the first
$30,000 of income. The marriage penalty will be further mitigated by
lowering marginal tax rates, which will reduce the portion of the marriage
penalty that is derived from a steep rate structure.
Look at your paycheck stub, its bigger now than it was in May or June. Not much, but its a beginning.
MORE yet:Eliminating the death tax(Do you REALLY believe the Gov't should get 50% of your estate if you die?) and expanding the charitable deduction to non-itemizers.
Its the gesture guys, you are paying LESS taxes, not MORE taxes. What a concept! If you can't figure this out, your a Jihad!
[ 08-03-2001: Message edited by: Ripsnort ]
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call it whatever hang, it we wouldn't have anything if goron got in... we'd more than likely be payin out more. I agree it's our money not thiers. Funny how the dumocrats are PROMISING to raise your taxes if they are voted into power in 2002. Someone please explain who with half a brain would vote for them after that statement?? I think they will play the class card and promise to tax the "rich", trying to play robinhood to the ignorant. "Rich" meaning anyone not on gov handouts..
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Originally posted by Eagler:
call it whatever hang, it we wouldn't have anything if goron got in... we'd more than likely be payin out more. I agree it's our money not thiers. Funny how the dumocrats are PROMISING to raise your taxes if they are voted into power in 2002. Someone please explain who with half a brain would vote for them after that statement?? I think they will play the class card and promise to tax the "rich", trying to play robinhood to the ignorant. "Rich" meaning anyone not on gov handouts..
Whats even more ironic (moronic?) is that the Democrats in the house and senate have MORE personal wealth than the republicans that are seated in the house and senate.
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It's true that it is "our" money, but it is also "our" debt.
Buying votes with a budget surplus, instead of paying down the debt, only transfers the burden to our children. Probably a good idea to invest the tax refund in a child's college education. They're gonna need good jobs.
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Originally posted by popeye:
It's true that it is "our" money, but it is also "our" debt.
Buying votes with a budget surplus, instead of paying down the debt, only transfers the burden to our children. Probably a good idea to invest the tax refund in a child's college education. They're gonna need good jobs.
Hmm, when the deficit when up with the Kennedy adminstration, I don't believe I've felt any ill effects thus far. And if our over seas loans would either be paid, or ceased, I do believe we would be in the black, not the red. ;)
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Originally posted by Hangtime:
Listen up yah buncha programed republicanized PC donutwoods, that ain't no "REFUND"!
[ 08-02-2001: Message edited by: Hangtime ]
Hang, who was it who first said:
"If you send it, they will spend it."
This isn't a Republican/Democrat thing. It's a POLITICIAN vs Taxpayer thing.
No matter how much we send, they will find a way to spend it all, and much, much more besides. You can't send ENOUGH to sate them. If everyone making more than $20K send their ENTIRE paycheck to the morons in DC, THEY WOULD SPEND IT ALL AND ASK FOR MORE.
The ONLY answer is to send them less. Starve the bastiges OUT.
As for paying off the debt... if there was a way for ALL of us to do that without the money passing thru the hands of Congress while generating a CREDIT against our Income taxes... yes, I'd support it.
But there isn't and there never will be.
Ask yourself this: Whose money do politicians (in ANY country) spend?
Clue: Not their own.
Starve 'em out. It's the only way.
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psst popeye
send me your refund, I promise I'll use it to pay off debt, mine :)
As stated above, if the politicians in DC lived within a budget, as the rest of us do, there wouldn't be an ever growing "national" debt. Think subing D.C. for national in the above sentence, would be more accurate. Term limits would go a long way with this. Get the fat arses out into a "real" job. Politics = Power = Corruption as natural as water running downhill..
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Heck I might even vote for a referendum for a penny national sales tax solely supporting debt payment. I don't (nor do most people) buy this don't cut taxes because of the national debt slogan, they could care less (as a matter of fact would probably rather keep it there as a spectre they can raise when the tax cut issue raises it's head again).
I'd also like to see a balanced budget amendment, with only extreme (war time, state of emergency) exceptions.
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"Hmm, when the deficit when up with the Kennedy adminstration, I don't believe I've felt any ill effects thus far."
Would you like a 12 percent tax cut? That's how much of the Federal budget goes to paying interest on the debt (most of which was accumulated under the Reagan adminstration BTW.)
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Thks goodness Reagan spent the money! You see, Carter admitted to the nation that he should have spent more on national defense (after USSR invaded Afghanastan, after the hostages were taken in Iran), so Reagan carried the ball by implementing military spending budgets that were SUGGESTED DURING THE CARTER ADMINISTRATION! Bet ya didn't do enough back ground check to know that! Thank God he did, or we might be a nuclear waste land, and that WALL might still be there!~
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Anyway, my point is that a LOT of money (12 percent of the budget) is being spent to pay just the interest on the debt. For reference, the Defense Dept. budget is 16 percent of the budget. One could argue that we actually GET something for that money.
Fatty,
Here's where to send your money:
1. Make check payable to the "Bureau of the Public Debt".
2. In the memo section of the check, make sure you write "Gift to reduce the Debt Held by the Public".
3. Mail check to -
ATTN DEPT G
BUREAU OF THE PUBLIC DEBT
P O BOX 2188
PARKERSBURG, WV 26106-2188
(I was surprised to find that this agency actually exists. I wonder if anyone has ever sent them a check.) :)
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Originally posted by popeye:
Anyway, my point is that a LOT of money (12 percent of the budget) is being spent to pay just the interest on the debt. For reference, the Defense Dept. budget is 16 percent of the budget. One could argue that we actually GET something for that money.
Fatty,
Here's where to send your money:
1. Make check payable to the "Bureau of the Public Debt".
2. In the memo section of the check, make sure you write "Gift to reduce the Debt Held by the Public".
3. Mail check to -
ATTN DEPT G
BUREAU OF THE PUBLIC DEBT
P O BOX 2188
PARKERSBURG, WV 26106-2188
(I was surprised to find that this agency actually exists. I wonder if anyone has ever sent them a check.) :)
LOL, probably not, but I bet our taxes fund its operation :)
So if we abolished this department, we would be contributing to paying down the debt, correct?
Cobra
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Yet that is not simply "money owed" as in a bunch of people waiting to get their check, Popeye. It is bonds, etc, on which there is a severe monetary cost for paying off before they mature.
Pay off entire debt as fast as possible? Horrible economic move. We need to pay it down to a more reasonable level, at a reasonable pace. Anyway, back to my last point, I would much rather have them scrambling and worrying about making sure they have enough for that than have them swimming in surplus eyes wide and mouths drooling over potential new projects, and having a completely seperate revenue only for that would be even better.
[ 08-03-2001: Message edited by: Fatty ]
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Heh Rip, I get paid for attending university :).
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Originally posted by Eagler:
he'd rather of had gore or that other dem mccaine or another 4 yrs of slick willie :)
True.. I would have liked to see McCain as president,a *real* man who knows the meaning of personal sacrifice, who didn't shirk his duty to our country.
He's not a beady eyed rat faced little coward who used his daddys money and influence to secure a spot in the national guard to hide from his duty, and from what I understand didn't even make a good showing as a guardsman either.
Now the same punk bellybutton coward used daddys money and influence to reach the presidency and you guys think he's the greatest thing since bottled beer.
The only thing I see is that the GOP is for sale to the highest bidder - thats something to be proud of isn't it?
Republicans are no different than a bunch of crack potatos in that respect.
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Originally posted by jihad:
True.. I would have liked to see McCain as president,a *real* man who knows the meaning of personal sacrifice, who didn't shirk his duty to our country.
He's not a beady eyed rat faced little coward who used his daddys money and influence to secure a spot in the national guard to hide from his duty, and from what I understand didn't even make a good showing as a guardsman either.
Now the same punk bellybutton coward used daddys money and influence to reach the presidency and you guys think he's the greatest thing since bottled beer.
The only thing I see is that the GOP is for sale to the highest bidder - thats something to be proud of isn't it?
Republicans are no different than a bunch of crack potatos in that respect.
them are fightin words ...
NO politican is better than bottled beer :)
EVERY politican is bought and paid for, the difference is who is doing the buying.. rather have big business than the red chinese investing in this country's future.
have another hit jihad I mean blur I mean jihad, it'll be ok...
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Too funny Jihad!
Please compare "Draft Dodger" Bill's VietNam-era service with Al "My Senator Daddy Got Me a Cushy Typing Job in the Army and and Early Out" Gore's VietNam-era service with Georgie "My Politician Daddy got me a cushy job in the the Air Guard and I got out early too" Bush's Vietnam-era service.
In fact, please review the number of House/Senate members sons that died in the entire VietNam war and compare that to the death rate amongst the sons of "normal" people.
Politicians are politicians. Not a dime's worth of difference between those ugly Republicans and your Sainted Democrats.
Crackpotatos? If so, on both sides. They're all for sale. For instance, check out contributions that originated with the Chinese Army to ... ah.. who's campaign was that? LOL.. you really think there's a difference?
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Originally posted by Toad:
Too funny Jihad!
Please compare "Draft Dodger" Bill's VietNam-era service with Al "My Senator Daddy Got Me a Cushy Typing Job in the Army and and Early Out" Gore's VietNam-era service with Georgie "My Politician Daddy got me a cushy job in the the Air Guard and I got out early too" Bush's Vietnam-era service.
In fact, please review the number of House/Senate members sons that died in the entire VietNam war and compare that to the death rate amongst the sons of "normal" people.
Politicians are politicians. Not a dime's worth of difference between those ugly Republicans and your Sainted Democrats.
Crackpotatos? If so, on both sides. They're all for sale. For instance, check out contributions that originated with the Chinese Army to ... ah.. who's campaign was that? LOL.. you really think there's a difference?
Yep as I've said before bubba and goron both suck, the reference is to John McCain, he's 3x the man dubya is..... of course the better part of dubya ran down the sows leg.
:p
(http://www.wardogs.org/jihad/gop.gif)
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Jihad,
I think you are in for some disappointment with McCain.
I've flown with guys who were in the same squadron as he was prior to and during his VietNam experience. Comments haven't really been favorable, sorry to say.
You are aware his dad was an Admiral, correct? Think any favoritism was shown?
He did serve in a combat unit, however. Unlike the other three we discussed.
If you're thinking McCain isn't a typical politician, however....
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Wouldn't it be nice if one of those Republicrats got up off his wide flat bellybutton and said:
"All Americans are entitled and obligated to pay no more.. and no less than the next, and to that end I am today submitting a Tax Reform Bill that provides for a one page simplified tax code that applies the same percentage to all wage earners; regardless of income, without exception."
THAT is tax reform... don't increase my taxes... just make it plain that EVERYBODY pays the same percentage. They'll (the gov't) have a heluva lot more tax dollars to play with; without anybody who reads THESE boards sweating out another dime to them.
Not one freakin republican, nor one dipshit democrat will do it tho... political suicide; writ large.
Go ahead; defend yer favoite 'party politicican'. But ask yourself this: "Is this dipshit gonna stand up for us on Tax reform??"
Or would you rather continue kiddin yerselves that the other party's prime amazinhunk is diffrent than yours?
Pick three things that would improve the health of this nation.. fix on THOSE ISSUES, and stay with THAT. Not personalities.
Otherwise; yer just progagating the same old rehtoric... and at the same price.
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agree Hang
but at least with Bush, there was change - ever so small but change.
jihad
pls save ur breath about it was for the weathly, that carries as much water as the ppl who didnt pay taxes complaining they didn't get a tax refund.
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have another hit jihad I mean blur I mean jihad, it'll be ok...
--------------------
Eagler
Hit of what cabby..I mean Blur..I mean Eagler.
I don't drink or use drugs if that's what you meant. :cool:
BTW I sent this threads URL to the White House. <snicker>
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You are aware his dad was an Admiral, correct? Think any favoritism was shown?
I have no opinion of the man, really, but I thought I'd address this. Yes, favoritism *was* shown... by his captors at the Hanoi Hilton. When they found out that McCain was an Admiral's son they offered to let him go free (to score political points, obviously), but McCain refused to leave.
'tis my understanding of it, anyway...
It's my sense overall though that there's something twitchy and just not right with the guy... can't put my finger on it.
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Nash,
He had a career before he was shot down too. That's what I was talking about.
He graduated from the United States Naval Academy in 1958 and was shot down in 1967.
It's true that the North Viets were hard on him.
Objectively though, I think you can find others that had it as bad or worse that were not the sons of high-ranking officers. Some were beaten to death, for example. It is reported that he didn't take the "easy out" when offered.
In the end, though, he's another politician. Haven't seen much from him that would make me think he's broken that mold. His political career has its share of contradictions.
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You see, $300-$600 may not seem like alot of money to you all, but wisely invested, it can be useful when you get close to retirement
That BMW payment to make you feel all important is a real squeak in retro, aint it?