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Beginning a road to smarter investments and finances

Discussion in 'Stocks & Investments' started by VirginiaBound, Dec 28, 2011.

  1. Jan 16, 2012 at 6:26 PM
    #21
    Alderleet

    Alderleet Ace of Spades

    Joined:
    Oct 16, 2011
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    Salty Hell
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    '00 Acc Cab TRD 4x4
    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
     
  2. Apr 5, 2012 at 7:59 PM
    #22
    whatatoy

    whatatoy Galt/Rearden 2012

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    SO CAL
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    I like it
    This truck is a work truck - not a lot of fancy mod's here, but it's getting the job done!
    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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