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The best mod, ever...

Discussion in '3rd Gen. Tacomas (2016+)' started by Borracho Loco, Sep 23, 2022.

  1. Sep 23, 2022 at 6:35 AM
    #41
    Buck Henry

    Buck Henry Well-Known Member

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    Investment in stock equities should be viewed a long term thing. The market will always have down turns and corrections. But the historical average returns over the last 100 years is about 10 percent. That's a pretty track record but as everyone knows, there is always risk and sometimes the timing of these downturns don't work in your favor.

    My personal plan is based on a 4 percent return which is easily achievable if one is patient and continues to invest even in times like we are going through now.
     
  2. Sep 23, 2022 at 6:37 AM
    #42
    Stuck in VT

    Stuck in VT Well-Known Member

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    About 5 weeks to get it in hand.
     
    AmateurTaco1313 likes this.
  3. Sep 23, 2022 at 10:38 AM
    #43
    cgs2k2

    cgs2k2 old man

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    lol the STD thing is funny :D

    The portfolio thing though... if you look at my portfolio with a date range from two months ago to today it is down in some areas (not all), but if you look at my portfolio over the last 20 years, its up big time. Or even just over the last year, it's up. Over the last two years it's up A LOT. You're making my point. Investing should be a long game, not a short game. I've also bought in the last two months while things are down :) - ask me again in 5 years how those positions are looking and i'm certain they'll be up.

    again, not trying to shit on dude and i'm sorry i added to the derailment of this guy's nice thread. i am happy he paid off his debts, that's a great feeling. but to not invest because you might lose money is very very silly.
     
  4. Sep 23, 2022 at 11:41 AM
    #44
    FL_TRD Sport

    FL_TRD Sport KDMax Pro Authorized Tuner SE Florida

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    Whether we agree or not really doesn't matter. The man chose to pay his truck off, worked hard to do it, and is rightfully proud of his accomplishment. He made a decision and executed it. I say kudos! :)
     
  5. Sep 23, 2022 at 11:54 AM
    #45
    cgs2k2

    cgs2k2 old man

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    definitely
     
    BigEasy likes this.
  6. Sep 23, 2022 at 12:37 PM
    #46
    RIX TUX

    RIX TUX Well-Known Member

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    lol....well they stink, but you have to look at the big picture
     

    Attached Files:

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  7. Sep 23, 2022 at 1:08 PM
    #47
    ColoradoTJ

    ColoradoTJ I drink, and I know things… Moderator

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    Oh same here…and I never said investing was a short game. I do believe it was this guy that said “never underestimate compounding interest..”

    So here’s the deal. If someone has 50-70k to pay cash for a vehicle and they can get the financing at a low rate…yes it would be wiser to take the low interest loan and invest.
    Now here’s the problem, most people don’t have the discipline to:
    1) Wait and save up for a decent vehicle. Might not be a new “whatever”, but it will be nice and reliable. After vehicle purchase, start saving for the next step up..and so on.
    2) There is always risk in investments. Even if buying low (I have been buying a lot. We are what 20% down from Jan of this year). You may eventually recover (most likely)…but when is the good question.

    I had to wait and save for my Duramax 3500. In fact a couple years due to said investing. There is something to be said about walking into a dealership, offering a price, they take it. I financed my Duramax and in the office he started going over payments on this 58000.00 investment. I laughed and said “how much down to make my payments 1300.00 per month for 36 months”. He gave me that number and I wrote a check.

    Later on that month when I received all the financing information I just did a transfer and paid it off.

    Could I have made some good money on what I put down? Sure, but I also didn’t have the risk of losing it either and still having a large monthly payment. In the same month I also paid cash for my commuter car, so that added another 16000.00 to that equation. However, my monthly investments that I have been doing for the last 25 years didn’t change either while paying cash for these vehicles.

    I think what the OP did was good for him. Now I hope he keeps the truck for 10+ years, invests the whole time, pays off his mortgage, and saves for his next electric Tacoma.
     
  8. Sep 23, 2022 at 1:13 PM
    #48
    DES2009

    DES2009 Minister of Truth

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    Not in the last two or three weeks for sure! o_O :annoyed: :facepalm::facepalm:
     
    ColoradoTJ likes this.
  9. Sep 23, 2022 at 1:15 PM
    #49
    sr57e

    sr57e Well-Known Member

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    congrats. my gx460 is financed at 2.3% and i have no intensions of paying it off. I hope you paid off other things with higher interest yield first :)

    but as you said its nice to be debt free plus this is collateralized debt - you have to pay. Credit cards are unsecured which means its up to be negotiated
     
    Borracho Loco [OP] likes this.
  10. Sep 23, 2022 at 1:21 PM
    #50
    YF_Ryan

    YF_Ryan Well-Known Member

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    Now that it's paid off, just need to keep it for 18 years :)

    Think it's been about 6 years since I paid off my truck (bought new in '11). Obviously I've got a mortgage and such, but I haven't purchased another new truck or car like I know a lot of people like to do every few years.
     
    BigEasy and Borracho Loco [OP] like this.
  11. Sep 23, 2022 at 1:43 PM
    #51
    Borracho Loco

    Borracho Loco [OP] My truck identifies as a Prius.

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    Oh look, another mod....
    Other than my mortgage, this was my biggest debt. I pay off my credit cards in full every month. It's extremely rare if I carry a balance. i do invest my money. I have a savings account, a 401k, a RothIRA and other investments like CD's.

    I know my investments are tame or mild, but that's my style. My cost of living and wants are very low. I don't need much, so I don't try to make big investments so I can get a big return.

    I own the truck I drive, I own everything inside my home and soon (is 5-ish years soon?) I'll own my home After that the only thing I have to worry about are the monthly bills and the yearly property taxes. My debt to income ratio will be non-existent then!

    Oh, and I plan on driving this truck until the wheels fall off it.
     
    BigEasy, Irons, DES2009 and 2 others like this.
  12. Sep 23, 2022 at 1:56 PM
    #52
    hiPSI

    hiPSI Laminar Flow

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    Oh, if he had not paid it off and it was a 60 month note with $1500 total interest? Let's see. Lets take, say $40K. Take that $40K, assume he could make 10% in mutual funds, compound that annually and subtract out about 3%....
    lol I just did the math and he lost $24K by paying off his truck early.
    Hey, I understand piece of mind and all that but c'mon man.
     
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  13. Sep 23, 2022 at 2:10 PM
    #53
    Borracho Loco

    Borracho Loco [OP] My truck identifies as a Prius.

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    Oh look, another mod....
    The key word in your statement is "Could", not "Would" or "Will". There are no guarantee's in the stock market. By they way, Mutual Funds that yield that high of a return have a portfolio manager, and to get that, you need to invest a high 6 figures or low 7 figures.

    I don't give financial advice to people on this site because:

    1) They didn't ask me. It ain't my place to tell them.
    2) I don't know all the variables surrounding their finances.

    I wish others on this site would remember this.
     
    BigEasy, Irons, MDFM31 and 3 others like this.
  14. Sep 23, 2022 at 2:16 PM
    #54
    Buck Henry

    Buck Henry Well-Known Member

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    Yeah, but this is where human nature / discipline comes into play. I hear folks saying they would make a killing by investing that money instead of using it to pay off the loan early, but would they really?
     
  15. Sep 23, 2022 at 2:22 PM
    #55
    ColoradoTJ

    ColoradoTJ I drink, and I know things… Moderator

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    I knew this was a mistake to even open my pie hole.

    Well back to drinking beer, welding, and counting down the days to retirement.
     
    BigEasy, jmanscotch and hiPSI like this.
  16. Sep 23, 2022 at 2:26 PM
    #56
    Borracho Loco

    Borracho Loco [OP] My truck identifies as a Prius.

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    Oh look, another mod....
    Ahh, you're drinking....

    Careful that you don't get a DWI: Drinking While Internetting.

    I hear that shit will get you a 30 day ban. Stay safe!
     
    Steves104x4, ColoradoTJ and hiPSI like this.
  17. Sep 23, 2022 at 2:41 PM
    #57
    Just_A_Guy

    Just_A_Guy Well-Known Member

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    Should not take that long. If you have yet to receive the title, would definitely start making calls to the DMV and/or bank to figure out what is going on.
     
  18. Sep 23, 2022 at 2:44 PM
    #58
    TwinTaco31719

    TwinTaco31719 Well-Known Member

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    Dang congrats Op!
     
    Borracho Loco [OP] likes this.
  19. Sep 23, 2022 at 2:46 PM
    #59
    Borracho Loco

    Borracho Loco [OP] My truck identifies as a Prius.

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    Oh look, another mod....
    When I called US Bank today to ask about when I'd receive my title, they told me it would be a "digital" title? But I'd get that in 10 days.
     
    hiPSI likes this.
  20. Sep 23, 2022 at 2:51 PM
    #60
    hiPSI

    hiPSI Laminar Flow

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    I did not give you advice. I was communicating with someone else as you can see by reading my post. I even said I understood piece of mind by paying something off. Look, if you don't want something discussed don't post on a public forum. Simple.
    And I used that percentage because over the past several years one of my fairly conservative mutual funds, through work, made that. Lol you don't need a manager, just pick a fund.
     

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