Chronic Car Buyers Anonymous

jmonroe1

explorerx4 said:

@roadburner,
Must be a lot of smoking going around.
https://www.marshallgoldmanoh.com/used-vehicles/?make=Volkswagen

————————————————
They must be giving that stuff away these days. Might be a good time to start using.

jmonroe

roadburner

explorerx4 said:

@roadburner,
Must be a lot of smoking going around.
https://www.marshallgoldmanoh.com/used-vehicles/?make=Volkswagen

That is just crazy...

laurasdada

Tariffs in action.

stickguy

I knew I should have converted my 401 into a 911. At least I could enjoy one of those.

au1994

stickguy said:

I knew I should have converted my 401 into a 911. At least I could enjoy one of those.

There’s still time!

laurasdada

stickguy said:

I knew I should have converted my 401 into a 911. At least I could enjoy one of those.

I've been lamenting the same to the wife, Porsche's don't nearly depreciate this fast!
She rolls her eyes a lot.

stickguy

especially when you are up into the "special" Porsche territory like a GT3

kyfdx

laurasdada said:

stickguy said:

I knew I should have converted my 401 into a 911. At least I could enjoy one of those.

I've been lamenting the same to the wife, Porsche's don't nearly depreciate this fast!
She rolls her eyes a lot.

Actually, I'm pretty sure the Porsche is worse.

laurasdada

kyfdx said:

laurasdada said:

stickguy said:

I knew I should have converted my 401 into a 911. At least I could enjoy one of those.

I've been lamenting the same to the wife, Porsche's don't nearly depreciate this fast!
She rolls her eyes a lot.

Actually, I'm pretty sure the Porsche is worse.

Could still drive the Porsche, I can't roll around in my now-MIA dollar bills anymore!

stickguy

Porsche would have to depreciate to well below 0 to be worse.

kyfdx

stickguy said:

Porsche would have to depreciate to well below 0 to be worse.

Let's get real.. I'm down about 30%.

stickguy

I feel really bad for anyone that was just retiring now and had needs to use their portfolio to help pay for it. On top of likely issues getting SS going now. Going to be some serious rethinking of plans. Hey, collecting cans to return for the $.05 is almost as much fun as a trip to Europe!

kyfdx

stickguy said:

I feel really bad for anyone that was just retiring now and had needs to use their portfolio to help pay for it. On top of likely issues getting SS going now. Going to be some serious rethinking of plans. Hey, collecting cans to return for the $.05 is almost as much fun as a trip to Europe!

If you're cutting it close, then you might be in trouble..

But, you should never be the one that has a number, and as soon as you hit it, you can quit. That pretty much guarantees you're going to be at the peak, with nowhere to go but down.

Of course, plenty of people don't get to choose when they retire.

explorerx4

I wonder how much this Porsche depreciated?
Same dealer that has the Bug I posted earlier.
https://www.marshallgoldmanoh.com/used-vehicle-1997-porsche-911-turbo-s-c-4116/

stickguy

they certainly are not shy about asking prices. I don't care if it only has 92 miles that price has to be nuts. especially since if you buy it you pretty much can't even drive it.

corvette

kyfdx said:

Let's get real.. I'm down about 30%.

On the Porsche, and not the portfolio, I hope? My portfolio hasn't been down as much as I thought it would be, so far.

roadburner

Current Raffle Entries:
Cayman GT4
Cobra Roadster
1970 Corvette LS5 four speed and factory A/C
Ford GT40
1966 Mustang GT Fastback K-Code four speed/1977 F-150 4X4 (if I win the truck is gone)

laurasdada

Only one point of light, but I've been dealing with the SSA for the last few weeks, while calling the national number has led to long waits/press 1 to get a call back (which sometimes doesn't happen)... dealing with my local office has been fine. It may take a couple of tries, but I've gotten real folks on the line who knew what they were talking about and were quite helpful.
I believe I'm all set with SS/Medicare for my retirement eff. May 1.

@roadburner Is the GT4 raffle the Larz Anderson? Cool place...

explorerx4

The tires look a bit too big on the giveaway truck and it would look better with an original style grille.

Michaell

kyfdx said:

stickguy said:

I feel really bad for anyone that was just retiring now and had needs to use their portfolio to help pay for it. On top of likely issues getting SS going now. Going to be some serious rethinking of plans. Hey, collecting cans to return for the $.05 is almost as much fun as a trip to Europe!

If you're cutting it close, then you might be in trouble..

But, you should never be the one that has a number, and as soon as you hit it, you can quit. That pretty much guarantees you're going to be at the peak, with nowhere to go but down.

Of course, plenty of people don't get to choose when they retire.

(Sheepishly raises hand)

stickguy

the current overall craziness has me less cranky about sucking it up to do another 2 years on the hamster wheel. with the hope that the situation is better a year from now so we can move it up. If not, at least it will be fun doing the countdown.

qbrozen

@roadburner said:
You've been smoking Crack for how long?

That just has to be a mistake. I think they meant 6999. I sent an anonymous message saying so. lol.

qbrozen

@explorerx4 said:
@roadburner,
Must be a lot of smoking going around.
https://www.marshallgoldmanoh.com/used-vehicles/?make=Volkswagen

At least that’s never been titled. Not that it is worth it but I bet some silly rich VW fan would buy it. Maybe they should call Fluffy.

oldfarmer50

stickguy said:

I know it’s all unrealized paper worth. But if my spreadsheet says I’m a lot poorer we are going on an austerity budget to make up for it.

Doing my part to help deepen the recession we are already into!

So if the greedy politicians who want to tax unrealized gains get their way would the stock market drop give you a tax credit?

stickguy

from what they have proposed so far, the only given seems to be that no matter what happens, I will get hosed on the deal somehow.

oldfarmer50

explorerx4 said:

@roadburner,
Must be a lot of smoking going around.
https://www.marshallgoldmanoh.com/used-vehicles/?make=Volkswagen

Maybe a Beetle museum might be interested.

pensfan83

The current administration doesn't seem inclined to tax unrealized gains but they certainly seem hellbent on taking money through other means. Anyway...

oldfarmer50

stickguy said:

I feel really bad for anyone that was just retiring now and had needs to use their portfolio to help pay for it. On top of likely issues getting SS going now. Going to be some serious rethinking of plans. Hey, collecting cans to return for the $.05 is almost as much fun as a trip to Europe!

There were points in my life where redeeming cans supplemented my income. I still bring a few bags to the supermarket for the cash.

corvette

I vaguely remember the final days of "bottle deposits" and returning glass bottles, before everything went to aluminum cans. Thanks for making me feel old.

stickguy

when I was a kid it was before the deposits on everything, but a glass company near where I lived paid by the pound so I used to collect bottles from people and one of my parents would drive me over on a Saturday to have them weighed so I could get some spare cash. Not a lot at I think a penny a pound!

laurasdada

I still return bottles/cans for the .05; I joke that the redemption machines are the only slots I play that I always win!
I'm getting rich off my wife's addiction to Bubly!

corvette

@laurasdada - I'm partial to the limoncello flavor of La Croix. Aldi usually has them pretty cheap. Also, the coconut pineapple flavor of those 16.9 oz. ICE bottles is pretty good.

xwesx

I remember in the 80s when the bottles were worth ten cents and the cans were worth five.... That was actually decent money back then! Today.... the redemption is the same (ten cents), but the value? Nope! Not even close to worth the time. I just crush them and drop them at the aluminum recycler when my bin is full.

oldfarmer50

corvette said:

I vaguely remember the final days of "bottle deposits" and returning glass bottles, before everything went to aluminum cans. Thanks for making me feel old.

In NY there’s a deposit on everything including plastic so kids, homeless and old farmers can collect quite a haul.

Now that I think about it, kids today wouldn’t be bothered to bend over for a nickel.

kyfdx

We have no deposits on drink containers. But, I remember when a coke bottle was $0.02 deposit. We'd scrounge all we could find and buy penny candy at the drugstore.

kyfdx

corvette said:

kyfdx said:

Let's get real.. I'm down about 30%.

On the Porsche, and not the portfolio, I hope? My portfolio hasn't been down as much as I thought it would be, so far.

I'm down 8.1% just this past week.
Down 13.4% from my peak. (December 1st)
Down 10.1% YTD

stickguy

the S&P is down about 20% from the high, right? that is a big ouch. Probably has another 20% to go next week.

but, basically just gave back the nice gains from the last year. The 52 week low is about 150 less than yesterday's close. So if it could stabilize around this level for a while will not be too bad.

explorerx4

One of my IRA's went up last week. Had a big gain of $14.
Overall, in the 9 years or so that I've had it, it's gained less than 20% total. HA HA

kyfdx

stickguy said:

the S&P is down about 20% from the high, right? that is a big ouch. Probably has another 20% to go next week.

but, basically just gave back the nice gains from the last year. The 52 week low is about 150 less than yesterday's close. So if it could stabilize around this level for a while will not be too bad.

All those things are great, if you're just analyzing normal market functions.

But, when your own government is making poor decisions to cause the issue, who knows what is going to happen?

stickguy

oh for sure, all bets are off now. even the sane economists are shrugging their shoulders. Hard to know what to predict when much of the problem was intentional.

ab348

I'd just like to get my head around what those at the top are thinking the outcome of this tariff nonsense will be. Tariff's have always been a mug's game despite the purported and largely false rationales presented so far. Everything seemed well until it suddenly wasn't.

sda

kyfdx said:

corvette said:

kyfdx said:

Let's get real.. I'm down about 30%.

On the Porsche, and not the portfolio, I hope? My portfolio hasn't been down as much as I thought it would be, so far.

I'm down 8.1% just this past week.
Down 13.4% from my peak. (December 1st)
Down 10.1% YTD

And sadly, it will need to appreciate much greater than 10% to get back to the reference amount.

kyfdx

The sad part is looking at the losses in real American dollars.

venture

kyfdx said:

We have no deposits on drink containers. But, I remember when a coke bottle was $0.02 deposit. We'd scrounge all we could find and buy penny candy at the drugstore.

We did the same thing. Occasionally we would find the quart soda bottle worth 5¢.

laurasdada

I'm not sure "thinking" is an operative word for the current BrainTrust. I'm thinking more "revenge rage" (it's easier to do it to all, instead of figuring out whom to target)...
IMHO only, we have an uber-narcissist with an inferiority complex overcompensating to show his inner Il Duce. Torpedoes be damned...

But, as a practical and faithful citizen of this Constitutional land, I'm hoping it will all work out for the greatest majority of this fine country. And that we will survive and thrive very soon.

Slots hit for $2.75 this week; it's a start. Thanks, my Bubly bunny!

oldfarmer50

ab348 said:

I'd just like to get my head around what those at the top are thinking the outcome of this tariff nonsense will be. Tariff's have always been a mug's game despite the purported and largely false rationales presented so far. Everything seemed well until it suddenly wasn't.

What seems to lost in this discussion is that other countries have been doing this to us for decades. The trade imbalance is massive. A country can’t keep sending its wealth and manufacturing base overseas indefinitely without running out of money to buy things.

Hopefully, what’s going on now will result in tariffs worldwide being reduced and going towards truly free trade. I understand some countries has already requested negotiations to do just that.

Don’t be sucked into “I hate this guy because my TV told me to” game.

kyfdx

You know they didn't calculate the tariff rate of other countries, right? None of that is part of their "calculation".

We are a rich country that has a lot of money to spend on things we want, and relatively poor countries fill that need. Trade with other countries is a win/win.

The typical Vietnamese household will never be able afford our exports, whether there are punitive tariffs, or not. It's a solution without a problem. Everyone knows that trade wars are good, right?

The lack of intellectual rigor involved with this is stunning.

carnaught

kyfdx said:

You know they didn't calculate the tariff rate of other countries, right? None of that is part of their "calculation".

We are a rich country that has a lot of money to spend on things we want, and relatively poor countries fill that need. Trade with other countries is a win/win.

The typical Vietnamese household will never be able afford our exports, whether there are punitive tariffs, or not. It's a solution without a problem. Everyone knows that trade wars are good, right?

The lack of intellectual rigor involved with this is stunning.

Is it okay that our Canadian friends and the big Asian country has large tariffs on us but we are not entitled to return the favor? Maybe a correction in the stock market from billionaires manipulating it is overdue? I am not claiming that I’m an economist but I will go with Warren Buffet’s over the “View’s” opinion. Just saying…

jmonroe1

kyfdx said:

stickguy said:

the S&P is down about 20% from the high, right? that is a big ouch. Probably has another 20% to go next week.

but, basically just gave back the nice gains from the last year. The 52 week low is about 150 less than yesterday's close. So if it could stabilize around this level for a while will not be too bad.

All those things are great, if you're just analyzing normal market functions.

But, when your own government is making poor decisions to cause the issue, who knows what is going to happen?

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I’d really like to know how long ago our Top Gun took his money out of the market and put it in cash. I can’t believe he’d be willing to fight tariffs with his own money. It’s easy to get tuff with someone else’s money.

jmonroe

carnaught

I will stop getting tangentially political if other’s do as well.