F150 Millionaires. Proof us in the pudding.
01-02-2012, 09:18 PM
#91
banjer picker
Originally Posted by cdvaight
Some truth to what you are saying.
Here is what you do on any vehicle. Buy one, pay it off in accordance with your loan terms. Keep it for a couple years after but still make the same payments putting them in a different account. Within two or three years with your trade you can pay cash for a new vehicle.
Not words I live by because I am "Living the American Dream" but damn they make a lot of sense. Hardest discipline is taking that 300-500 cash and not spending it. No boats, RV's, ATV's or nasty Coke habits.
01-02-2012, 09:25 PM
#92
There are no tips. If I have a legitimate tip, then I'm an insider and it would be unlawful for me to share my inside knowledge. However, if I'm not an insider and I claim to have a tip, then I have something to gain from the sentiment I create from my tip. Hence, there are no legitimate insider tips.
If there are no legitimate insider tips, and any tips that are shared somehow benefit the tipster, then it is best to ask the tipster why they hold their view so that you can evaluate the tip from the perspective of their context.
Anyway, financial planners sell products, where as the traders make the markets. A financial planner takes his or her cues from market research which may or may not be based on how traders are positioned. This happens because a firm may be primarily a buy or sell side firm and the market has taken the opposition position (pros look at trajectory and direction, not so much timing—i.e., the trend is your friend until it bends at the end). Most retail firms are buy side (buy and hold) and the financial planner earns his keep as a percentage of money under management, percentage of profit, by commission or some combination.
01-02-2012, 09:29 PM
#93
ETTYOCEO ®
Thread Starter
Originally Posted by EricTheOracle
I'll give you a tip:
There are no tips. If I have a legitimate tip, then I'm an insider and it would be unlawful for me to share my inside knowledge. However, if I'm not an insider and I claim to have a tip, then I have something to gain from the sentiment I create from my tip. Hence, there are no legitimate insider tips.
If there are no legitimate insider tips, and any tips that are shared somehow benefit the tipster, then it is best to ask the tipster why they hold their view so that you can evaluate the tip from the perspective of their context.
Anyway, financial planners sell products, where as the traders make the markets. A financial planner takes his or her cues from market research which may or may not be based on how traders are positioned. This happens because a firm may be primarily a buy or sell side firm and the market has taken the opposition position (pros look at trajectory and direction, not so much timing--i.e., the trend is your friend until it bends at the end). Most retail firms are buy side (buy and hold) and the financial planner earns his keep as a percentage of money under management, percentage of profit, by commission or some combination.
Just a friendly question. If only the moguls on the street couldn't get away with bucking the regulations.
01-02-2012, 09:45 PM
#94
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Some truth to what you are saying.
Here is what you do on any vehicle. Buy one, pay it off in accordance with your loan terms. Keep it for a couple years after but still make the same payments putting them in a different account. Within two or three years with your trade you can pay cash for a new vehicle.
Not words I live by because I am "Living the American Dream" but damn they make a lot of sense. Hardest discipline is taking that 300-500 cash and not spending it. No boats, RV's, ATV's or nasty Coke habits.
Here is what you do on any vehicle. Buy one, pay it off in accordance with your loan terms. Keep it for a couple years after but still make the same payments putting them in a different account. Within two or three years with your trade you can pay cash for a new vehicle.
Not words I live by because I am "Living the American Dream" but damn they make a lot of sense. Hardest discipline is taking that 300-500 cash and not spending it. No boats, RV's, ATV's or nasty Coke habits.
01-02-2012, 09:48 PM
#95