11-18-2014, 11:09 AM
|
#121
|
In the Sin Bin
|
Seriously though, in my situation, I'd pay $20k to eliminate some debts (LOC, car loan), $60k on mortgage, $50k in investments, and $20k in slush fund to rapidly accelerate my arena/stadium tour.
In OP's scenario, divorce her and use my remaining $75k on hookers and blow.
|
|
|
11-18-2014, 12:19 PM
|
#122
|
Franchise Player
|
I'd take my family on a really nice winter vacation (there are five of us), then invest the rest into (predominantly global) equities.
|
|
|
11-18-2014, 05:13 PM
|
#123
|
Lifetime Suspension
|
Surprise your wife with a nice bag/necklace 5kish? (Don't tell her you won money, just say you had been putting money aside to get her something nice)
Do whatever the f you want with the rest..maybe spearmint rhino lv as a starting point.
|
|
|
11-20-2014, 11:52 AM
|
#124
|
Scoring Winger
|
Quote:
Originally Posted by Slava
I said against a single house because that's what it is: one house. That specific house might be awesome, or might be average, so who knows whether it's a better investment than the other houses on the street or in the city? It just happens to be the house you have a mortgage on currently, and you live there. So what I'm saying is that investment wise, and purely investment wise, we have no idea whether it's a good investment or not. And theoretically you might save three percent in interest on that $150k, but you could easily surpass that in the market.
I should note that although you don't seem to think it's possible, advisor's will give advice based on a situation and not only whether they stand to profit. I would say that if the person here was close to retirement and the decision was to pay off their 'forever' house entirely I might provide different advice. To me that's a completely different situation. I take this as a guy a couple decades or more away from retirement, paying a mortgage and maybe staying in the house, maybe not. That doesn't scream pay the mortgage down to me, because it's basically savings for the next house, if that makes sense?
|
It's possible, its more likely to lose that money or break even, especially when the break even bar is raised and you have a market that isnt doing as well as it has historically
What my issue is, its throwing the advice of using the money to invest while you are borrowing. it's counterproductive and it only serves to pay the advisors and bankers.
Sure, we might have an idea as to what their age range is, but we dont know what their goals are (like moving into a better house), how aggressive they want to get it and more importantly we dont know what their risk tolerance is. Someone has to have a high risk tolerance to want to do leveraged investing. Would you not agree that if someone has a moderate or slightly higher than moderate risk tolerance shouldn't be talked into leveraged investing?
|
|
|
11-20-2014, 11:57 AM
|
#125
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Quote:
Originally Posted by Barbecue
It's possible, its more likely to lose that money or break even, especially when the break even bar is raised and you have a market that isnt doing as well as it has historically
What my issue is, its throwing the advice of using the money to invest while you are borrowing. it's counterproductive and it only serves to pay the advisors and bankers.
Sure, we might have an idea as to what their age range is, but we dont know what their goals are (like moving into a better house), how aggressive they want to get it and more importantly we dont know what their risk tolerance is. Someone has to have a high risk tolerance to want to do leveraged investing. Would you not agree that if someone has a moderate or slightly higher than moderate risk tolerance shouldn't be talked into leveraged investing?
|
I'm not talking about leveraged investing. I'm talking about someone who has a mortgage on a property already and wins money in the lottery. You can call this leverage if you like, but I'm not suggesting that they run out and borrow more money. You're doing your best to suggest that because they're not paying down the mortgage though that this somehow constitutes leverage; it does not. As I mentioned in the other thread, this is a hypothetical scenario and we obviously don't have all the facts. Of course we don't know their goals and dreams because its hypothetical! No one is getting talked into anything because these people don't exist! As I also mentioned in the other thread, I'm curious to know your credentials and why you have this axe to grind with advisors. What do you do for a living?
|
|
|
11-20-2014, 11:59 AM
|
#126
|
Lifetime Suspension
Join Date: Jan 2010
Location: Calgary
|
If I won $150,000 I would set up a meeting with Slava.
In that meeting I would try and convince him to vote for Wildrose in the Next Provincial Election.
Then I would drive to bank and put the money in a Savings Account.
|
|
|
The Following User Says Thank You to 1stLand For This Useful Post:
|
|
11-20-2014, 12:05 PM
|
#127
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Quote:
Originally Posted by 1stLand
If I won $150,000 I would set up a meeting with Slava.
In that meeting I would try and convince him to vote for Wildrose in the Next Provincial Election.
Then I would drive to bank and put the money in a Savings Account.
|
We could hold the meeting at a local pub beside the bank and save you a step. The beer would help you prepare for the disappointment in 2016 as well!
|
|
|
11-20-2014, 02:25 PM
|
#128
|
First Line Centre
Join Date: Nov 2010
Location: Sunnyvale
|
On a side note, I just won $660 on a Walking Dead Machine, it is all going towards Christmas presents for the Nephews (6x $100) and the Nieces (2x $30).
__________________
The only thing better then a glass of beer is tea with Ms McGill
|
|
|
The Following User Says Thank You to Derek Sutton For This Useful Post:
|
|
11-20-2014, 02:34 PM
|
#129
|
Franchise Player
|
Quote:
Originally Posted by Derek Sutton
On a side note, I just won $660 on a Walking Dead Machine, it is all going towards Christmas presents for the Nephews (6x $100) and the Nieces (2x $30).
|
You are giving your nieces a gift of less than 1/3 of that of the nephews?
|
|
|
The Following 2 Users Say Thank You to Mean Mr. Mustard For This Useful Post:
|
|
11-21-2014, 09:49 AM
|
#130
|
Franchise Player
Join Date: Jul 2005
Location: Calgary
|
Quote:
Originally Posted by Derek Sutton
On a side note, I just won $660 on a Walking Dead Machine, it is all going towards Christmas presents for the Nephews (6x $100) and the Nieces (2x $30).
|
Or you could spend $82.50 on each and treat them as equals....
__________________
Quote:
Originally Posted by Grimbl420
I can wash my penis without taking my pants off.
|
Quote:
Originally Posted by Moneyhands23
If edmonton wins the cup in the next decade I will buy everyone on CP a bottle of vodka.
|
|
|
|
11-21-2014, 10:00 AM
|
#131
|
Lifetime Suspension
Join Date: Jan 2010
Location: Calgary
|
You should just spend the $660 on yourself.
Buy Johnny Gaudreau and Giordano Home Jerseys.
The rest of the money should be spent seeking out counselling for your gambling addiction
|
|
|
11-21-2014, 10:01 AM
|
#132
|
First Line Centre
|
Quote:
Originally Posted by Derek Sutton
On a side note, I just won $660 on a Walking Dead Machine, it is all going towards Christmas presents for the Nephews (6x $100) and the Nieces (2x $30).
|
im hoping you were just fishing for the response i expect you'll be getting from this comment
|
|
|
11-21-2014, 10:34 AM
|
#133
|
First Line Centre
Join Date: Nov 2010
Location: Sunnyvale
|
Quote:
Originally Posted by MacDaddy77
im hoping you were just fishing for the response i expect you'll be getting from this comment
|
Yes, there gifts have always been within $5 or so of each other.
__________________
The only thing better then a glass of beer is tea with Ms McGill
|
|
|
The Following User Says Thank You to Derek Sutton For This Useful Post:
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 06:30 AM.
|
|