12-21-2002, 10:50 PM
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Black Vagina Finder
Join Date: Jan 2002
Location: The Midwest
Posts: 13,975
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Quote:
Originally posted by letshunt
You shit heads and your cars crack me up...I sold a medium sized stockbrokerage for a tidy sum on my 40th birthday...then got bit by the porn bug.
Houses, cars...some pretty sharp investing, guys.
I admit when I was about 25 I bought a 500 series Beamer...and realized that it nothing but a fucking hole in the garage you pour money into. As Serge pointed out, if you lease it you have some latitude in deductions....since stockbrokers usually get audited, you will have to show the nice auditor your travel log and identify what trips were for personal use and which ones are business...keeping in mind that travel to and from work isn't part of the deductability option. Be prepared for the big red IRS marker through that one.
Nice house, now figure in taxes, interest on your loan (which deductable, so you can take 28% of that) maintenance and upgrades and show me your real rate of return, you won't clear 3%.
For the record, I believe I could buy what I want...I am currently driving a rusted out '79 F-250 and live in a two bedroom apartment. Neighbors think I am on welfare...it's fucking great. I do still have a few Armani suits left...but you look pretty funny wearing an Armani suit in beater truck.
Did I mention the bank account and stock portfolio...smart guys got nice thick stock portfolios and plenty of money in the bank. Not penis building cars and guady houses as monuments to their own greatness. Warren Buffet drives a Buick Skylark....
By the way Serge, remember earlier this year I mentioned Cisco was gonna rock....what a two months I have had trading the shit out that.
For you other investors, study the stats on turn around stocks in bankrupcy....then take a hard look at United Airlines. Then think about Chrysler in the exact same situation, it was one of my greatest buys, in the dollar range and I chickened out and sold at 42. UAL is at about a buck, think the govt is gonna let UAL go out of business? Not a chance. Bush can't afford the PR...
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please put me on your ICQ contact list at 120838664 . Whenever you get excited about a company, please drop me a message..
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