MyRa
- Thread starter NoDrama
- Start date
twostrokenut
Well-Known Member
Hey cheesus....hard to read the small print on that graph....notice though how the spikes peak higher and higher?
Flaming Pie
Well-Known Member
I coulda sworn this was originally a Republican Idea.
Oh...wait. A savings account for health care free of tax was the republican idea.
Oh...wait. A savings account for health care free of tax was the republican idea.
Cheezy has no fucking clue what that graph says. trust me.
Kind of.
The left went crazy when Reagan tried to pass a bill for Americans to privatize a small portion of their SS.
desert dude
Well-Known Member
The Confederate States of America defaulted around 1865.
Have you ever heard the phrase, "not worth a continental"? You could look it up.
twostrokenut
Well-Known Member
Easier to read now thanks.....s&p500 started in 1900?
MuyLocoNC
Well-Known Member
I sold off about 50 lbs in 2011 to buy a new boat. Silver was going off about $46/oz at the time and the best part...TAX FREE. Most of it was bought around $5 an ounce or $4000, walked away with just under $37,000 and NO CAPITAL GAINS. Whaaaaat?
That was a great freaking summer.
I keep my gold. The silver is for playing around with, cheap and easy to accumulate. The gold stays in my safe, except when I take it out to fondle it, my precious.
1957, but don't tell Cheezy, he still hasn't a clue what that graph he put up means.
ChesusRice
Well-Known Member
You mean sans the S&P there wasnt a stock market until 1957?
The Dow Jones Industrial Average /ˌdaʊ ˈdʒoʊnz/, also called the Industrial Average, the Dow Jones, the Dow Jones Industrial, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The industrial average was first calculated on May 26, 1896.[SUP][1][/SUP] Currently owned by S&P Dow Jones Indices, which is majority owned by McGraw-Hill Financial
http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
Balke Buds
Member
Retirement is basically a pipe dream.
Everyone thinks that a retirement is a right. Everyone thinks that just because you get old you DESERVE to not have to work anymore.
Hence social security....a failed social experiment that is based in emotion and good intentions...but economically disasterous from the very first person that drew from it until the very last will.
I have no doubt that I will need to work until the day I die and I do not see why everyone else cannot accept that reality as well.
Sure, we all do not want to...but the fact is that if you want to eat you have to work unless you were smart enough to ferret some resources away while you were younger...and the government does not take all away either through taxes or inflation causing policies.
The key to a happy life while young or old is to find work that you enjoy and can make money doing it...until you die.
Everyone thinks that a retirement is a right. Everyone thinks that just because you get old you DESERVE to not have to work anymore.
Hence social security....a failed social experiment that is based in emotion and good intentions...but economically disasterous from the very first person that drew from it until the very last will.
I have no doubt that I will need to work until the day I die and I do not see why everyone else cannot accept that reality as well.
Sure, we all do not want to...but the fact is that if you want to eat you have to work unless you were smart enough to ferret some resources away while you were younger...and the government does not take all away either through taxes or inflation causing policies.
The key to a happy life while young or old is to find work that you enjoy and can make money doing it...until you die.
UncleBuck
Well-Known Member
social security keeps millions upon millions of seniors out of poverty. what a failure!
the rest of your rant is just too pathetic to even respond to.
You realize you owed capital gains taxes on that silver appreciation, right?
nitro harley
Well-Known Member
Buck..
In one year and four months my wife will be 70 and she will be able to collect SS for the first time. The profits from our business kept her from drawing sooner, but after 70 it doesn't matter how much you make you can still draw at that time.. We have been waiting for a very long time for her to draw, but now we are close..Between the two of us we will receive over 3k per month so I wouldn't really call it a failure..I will look at it as the american dream come true...Good luck, and keep your chin up..
UncleBuck
Well-Known Member
same to you, with a hefty multiplier on those chins.
nitro harley
Well-Known Member
Buck..
You look like you are on a republican promotion campaign..You feeling all right?
twostrokenut
Well-Known Member
I was consuming some purple drank when I read this.....some of it came out my nose.
Appreciation on precious metals is subject to capital gains tax just as appreciation on any other capital asset is. If people don't pay the tax it just makes them tax evaders.
The article I just read said the expected return on these accounts was 2% a year and that the maximum balance was $15,000. If true, that makes the accounts pretty useless.
As a general rule, no risk means no return. A risk free 2% return is lucky to beat inflation in a given year. Worthless. And $15,000, even adjusted for inflation, would probably last about one year in retirement. Worthless.
As a general rule, no risk means no return. A risk free 2% return is lucky to beat inflation in a given year. Worthless. And $15,000, even adjusted for inflation, would probably last about one year in retirement. Worthless.
twostrokenut
Well-Known Member
Willful ignorance. Do you possess any skills?
Government philosophers union is full up, ain't hiring.
Ever cash in a 401k? There's a hefty penalty that you no doubt like very much.
Way I look at it even with the penalty....you get back way more than you actually put in.
Progressives win for the moment.
But if the cash out paid off a property, even a simple fee deed, there's an early retirement.
Grow shit, whittle wood....apple plinking.....