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Member Since 11 Nov 2009
Offline Last Active Today, 12:45 PM

Posts I've Made

In Topic: Arizona Man Dies 2 Hours Into His Execution

Today, 12:21 AM

For all of those that think executing someone is so barbaric and cruel/unusual punishment....how is it ANY worse than locking a man in a 5X8 cage for the rest of his life to live in a barbaric and violent prison.

Quite frankly...I would rather be put to death than get life without the possibility of parole.

...imo that makes being put to death the easy way out, no?

In Topic: The downsides of being rich

Yesterday, 09:20 PM

Does not work that way.

If you pay the cash up front for the item instead of financing it for 2.99%, then you do not have the cash to invest at a higher rate.

Bottom line....you will either pay the amount up front or invest it.

If you pay it up front, you forgoe paying 2.99% in interest, but you lose interest income greater than 2.99%.....in short, you lose money.

OK I do see the point you are making. And I was asking under the assumption that you are buying a car from disposable / non-invested cash to begin with.
But I see that isn't the case. Carry on.

In Topic: The downsides of being rich

Yesterday, 09:44 AM

You take the 2.99% (or other low % financing) because you can earn more than that by investing the the cash in the market (not talking about putting it in a savings account...talking aboaut mutual funds, bonds, and stocks).

Arbitrage the difference in the rates to your advantage.

The only risk in this is if the market turns on you and you lose....but that is a risk that you take with all of your investments.

yes, but take the $1000 (or whatever amount) extra that you will eventually pay for financing and invest it just as well.

In Topic: The downsides of being rich

Yesterday, 09:42 AM

Because if you pay cash for everything you'll never have a credit score

Sent from my XT1080 using CarolinaHuddle mobile app

that's another reason to treat credit cards as he mentioned. it's what I do and my credit score is excellent.

In Topic: The downsides of being rich

Yesterday, 08:27 AM

Because you are usually wrong in every decision and assumption that you make....and are again in this one.

I have very little debt....which is fiscally responsible.

I never purchase a house that is more than 50% of what I can qualify for.

I do NOT carry ANY credit card debt...only use a credit card to get the frequent flyer miles and then pay it off every month.

I only finance a car purchase when the interest rate I can get is below 2.9%....you would be stupid to not borrow money at very low rates when I can get higher rates on my investments.

So, keep being wrong....you are just so DAMN good at it.

Why finance anything at all if you don't need to?
Even at 2.99% on a vehicle you'll spend an extra several hundred more than you should.

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