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re: Filled up my truck for $23 this morning. What an awesome feeling.
Posted on 2/11/16 at 12:51 pm to fightin tigers
Posted on 2/11/16 at 12:51 pm to fightin tigers
quote:
I don't think you realize how it works. You will never recover a loss in your 401k. The money has disappeared.
Now, you can return a higher percentage and make up the ground, but the loss still happened.
I am not saying that an investment is not without risk, I am simply stating that you are ok with losing on your 401k while bragging about saving $20 is comical.
Also, examine your options instead of a 401k. I didn't realize how much I was costing myself year over year.
Please tell me you don't handle anyone's finances
1
Posted on 2/11/16 at 12:51 pm to fightin tigers
Posted on 2/11/16 at 12:51 pm to Janky
Can I pick it up in person? It won't cost me much to drive there.
Posted on 2/11/16 at 12:51 pm to Chillini
125 bucks a month shouldn't make or break your life
Posted on 2/11/16 at 12:51 pm to 7thWardTiger
quote:
Tuned hemi on stock tune I have to run at least 89. 87 or 89 on my current tune will produce short term knock
Gotcha.........
Posted on 2/11/16 at 12:52 pm to Thib-a-doe Tiger
quote:
Please tell me you don't handle anyone's finances
So you are of the opinion that losing in your 401k is good?
Posted on 2/11/16 at 12:52 pm to Clint Torres
quote:
Filled up my truck for $23 this morning. What an awesome feeling.
Aint it though?
Posted on 2/11/16 at 12:52 pm to fightin tigers
quote:
I don't think you realize how it works. You will never recover a loss in your 401k. The money has disappeared.
Now, you can return a higher percentage and make up the ground, but the loss still happened.
Think you kind of missed the point. You definitely aren't wrong, but someone in their 20s and even early 30s is much better suited to handle a loss than someone near retirement.
Obviously there are better options, but we can save that for the money board.
Posted on 2/11/16 at 12:52 pm to bhtigerfan
quote:
I got laid off and I'm eating cat food.
Dry or wet? You can save money by going with kibble FYI
Posted on 2/11/16 at 12:54 pm to fightin tigers
quote:
So you are of the opinion that losing in your 401k is good?
Depending where you are in life, it can be a positive
I don't care what mine shows, as long as the shares are there and growing
Posted on 2/11/16 at 12:54 pm to Chillini
quote:
Think you kind of missed the point. You definitely aren't wrong, but someone in their 20s and even early 30s is much better suited to handle a loss than someone near retirement.
I got his point completely.
He was brushing aside losing money in his 401k in exchange for $20 in his pocket.
Posted on 2/11/16 at 12:54 pm to danilo
quote:
125 bucks a month shouldn't make or break your life
When did anyone ever say it would? I simply said saving that money with zero effort would be a welcome thing for a large majority of people. Sorry that it doesn't benefit the oil baws that were raking in record profits at the expense of everyone else.
Posted on 2/11/16 at 12:56 pm to fightin tigers
quote:
He was brushing aside losing money in his 401k in exchange for $20 in his pocket.
This is actually false. While I appreciate the extra $20; I also appreciate being able to buy the market at a discount and accumulate more shares at a cheaper price. Win win for me.
Posted on 2/11/16 at 12:58 pm to danilo
quote:How can you say this, though? It's $125 they don't have to spend on something. That's $125 they can spend on something else. Or more quantity of the same thing. Or save.
125 bucks a month shouldn't make or break your life
Gasoline is a commodity people largely rely on and it is a staple in most families' budgets. So, if you can stop dedicating $125 on gas, you can rededicate to credit card debt. Or groceries. Or a savings account.
Posted on 2/11/16 at 12:58 pm to Clint Torres
I'm enjoying cheap gas and I'm still employed in the oil patch so everybody in this thread gets a high five
Posted on 2/11/16 at 1:00 pm to Clint Torres
I do like that gas is now cheaper than when I got out of high school in 2003. I indirectly work in the industry (more chemical than drilling / production however) supplying equipment and we have had layoffs (my department now 50% staffed vs a year ago), but you are right, it feels good to fill up once a week for so much cheaper. Contributions to the college / rainy day funds for the kids are much easier.
Posted on 2/11/16 at 1:00 pm to AubieALUMdvm
quote:I prefer the wet since it has meat by-products, but I sometimes can't afford it.
Dry or wet? You can save money by going with kibble FYI
Posted on 2/11/16 at 1:00 pm to Clint Torres
Trucked produce drop in price yet? Nope! But always the reason to Jack up prices.
Posted on 2/11/16 at 1:01 pm to Sun God
quote:
I'm enjoying cheap gas and I'm still employed in the oil patch so everybody in this thread gets a high five
same here. Lower prices at the pump are about the only positive in this gloomy industry nowadays.
Posted on 2/11/16 at 1:03 pm to Clint Torres
I have lost more than in my investments and property values than I have saved at the pump. Also, looks like my taxes will go up because the State of LA is hurting so bad due to me saving at the pump.
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