Mike "Wuzzy121". Rest in peace, brother

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Beginning a road to smarter investments and finances

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Old 01-16-2012, 07:26 PM   #21
Ace of Spades
Alderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shedAlderleet is one of the sharper tools in the shed
 
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I almost hate to say this, but firearms are a good investment too.

Prior to 86', my dad bought several dozen full-auto firearms. I'm talking lowers, trigger packs, sears, ect

Sure enough he sold all but 4 full auto parts, and walked away with over 400k. His 15k investment yielded a substantial return
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Old 04-05-2012, 08:59 PM   #22
Galt/Rearden 2012
whatatoy is a jewel in the roughwhatatoy is a jewel in the roughwhatatoy is a jewel in the roughwhatatoy is a jewel in the rough
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my one simple piece of advice is to find all the legal methods you can of reducing your tax burden... here is an example for you - if you take $1 and double it every year you will have 1,000,000 in 20 years. If you tax that income at 15%, you'll only get 220,000 and if you adjust for a slightly more realistic return of 15% (still great as a per year avg) and pay a 15% tax, you end up with only 11...

Note: I'm not saying to do something illegal - PAY the TAXES you absolutely have to pay...
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