Who's letting investments pay for their truck??

[ganooch]

$83k is a lot to spend on anything @ $30/hr, but you have cash from the trade in and Mustang which helps.

You are not accounting for his retirement pay or potential disability check. The military is one of the last employers that has a pension. For now at least.

 

[GCATX]

Raptorbegone - This is a forum for Raptor truck enthusiasts. If you want to discuss Finances and Investments i suggest you drop from this forum and go join the Financial Times forum or similar. We come on this forum to share fun stories related to the Raptor truck not for financial or investment advice.

The guy is an admitted troll, talks $hit and apparently has average credit.

 

[WestTXRaptor6]

Some of the new members are something else. I don't remember the Gen 2 guys being so annoying. Enough about trying to advise strangers on the internet about their finances.

 

[Raptorbegone]

Raptorbegone - This is a forum for Raptor truck enthusiasts. If you want to discuss Finances and Investments i suggest you drop from this forum and go join the Financial Times forum or similar. We come on this forum to share fun stories related to the Raptor truck not for financial or investment advice.

nah. I'm good.

A true raptor enthusiast is probably all about investing smartly.......wait for it........so the next one they buy is with investment returns and not from breaking their back at work!!

super novel idea that can be applied to whatever your passions are.

Even.........you guessed it...........expensive raptor trucks!

 

[Raptorbegone]

You are not accounting for his retirement pay or potential disability check. The military is one of the last employers that has a pension. For now at least.

Military, teachers, city, state and federal employees for the most part

 

[Raptorbegone]

ETH is 80% of my holdings, it's staked. I am a firm believer in ETH. I have 50.00 a week drafted to BTC. Think I should go straight to ETH with that instead? About to invest about 50K in ASML if you have any opinions on that. Yeah 83K with no downpayment would be extremely high for $30 an hour, but not 34k as you mentioned. My monthly $2100 mortgage and $600 truck payment are paid for, no worries there. My $30 an hour is investments and toys. My wife pays all the utilities so that's a bonus.

the smart move with crypto is diversifying amongst the top 3-5 out there.

Definitely a couple dummies on here yapping about how talking about investments is dumb and not to be done on this forum.

Yeah, until they pay for their next truck in full with smart investment money. Then it's all good.

 

[Raptorbegone]

Just advice from another Veteran. I would be cautious with any financial advise offered anonymously on a pickup truck forum. I would do your own research, read financial publications from people with real credentials, and focus on the classic investment advice. Diverisify. Crypto is great for speculation, but anyone telling you they know which assets will appreciate fastest is just making stuff up.

Good luck and thank you for your service.

yeah, that was all already said.

Good luck and thank you for your service

 

[RaptorWhoSaysNI]

Raptorbegone - This is a forum for Raptor truck enthusiasts. If you want to discuss Finances and Investments i suggest you drop from this forum and go join the Financial Times forum or similar. We come on this forum to share fun stories related to the Raptor truck not for financial or investment advice.

There are moderators and Admins that take care of that responsibility, Sir, we'd be best to leave that decision to them.

 

[Stan G]

As with some others, I prefer the feeling of owning something outright if it's within budget. It's awesome that some folks can and will invest smarter with the money rather than pay the truck off up front. I'd just rather have no payments and the ability to feel the freedom of no monthly payments.

 

[Raptorbegone]

As with some others, I prefer the feeling of owning something outright if it's within budget. It's awesome that some folks can and will invest smarter with the money rather than pay the truck off up front. I'd just rather have no payments and the ability to feel the freedom of no monthly payments.

I definitely have been there and understand that feeling very well. Having paid off some very big ticket items. It's a pretty great feeling. And along with that, you get to save whatever interest rate you may have been paying on it.

But today with 1.9% rates on trucks and loans that can extend to 8 years it's a different story entirely. This of course is saying that you have some money saved to begin with and are not financing the entire cost of your shiny new 75K+ truck. If you are someone that can barely make the monthly payments as is, well, thats on you. bad choice.

Just saying, I'd advise against paying for anything in cash, or paying off early, something that can be had for a very low interest rate. Because why? sure it's a good feeling to pay things off. But it's an even better feeling to take some money you earned and watch it effortlessly turn into more money to pay for that toy.

But sometimes it takes experience to learn. I should have never paid off my raptor so quickly. Should have just rode out the loan and kept that money in fairly safe investments. That initial 30k could have paid for the rest.