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Sidney Lowe Talks about Tanking

Joe Bagadonuts said:
So now we know you're not a math or a business professor. What do you teach again? He's talking about the tax on the capital gain that is theoretically being used as income.
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With no capital gain at all, the raw amount covers 25 years at $36,000, taking a 35-year-old to retirement age. I figured that's what he meant?

Are you saying that the capital gain on investing $900K will only generate a 4% annual return? That seems like an awfully conservative figure.

I guess we know you don't teach math or business.
 
One Brow said:
With no capital gain at all, the raw amount covers 25 years at $36,000, taking a 35-year-old to retirement age. I figured that's what he meant?

Are you saying that the capital gain on investing $900K will only generate a 4% annual return? That seems like an awfully conservative figure.

I guess we know you don't teach math or business.
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I did put down a 4% return, because at a mid-30's age, I would think you would want to be more conservative at the beginning to battle against inflation, ups and downs in the market, etc and not run out of money early. Plus, you mentioned "retirement age". His social security paid on a mid $30,000's will suck. He won't want to just live on SS. That's just me.

The point is, 1 million bucks isn't a lot of money anymore.
 
I'm sure Sidney would be thrilled that a thread about a basketball interview with him somehow morphed into a discussion about taxes and money management.
 
One Brow said:
With no capital gain at all, the raw amount covers 25 years at $36,000, taking a 35-year-old to retirement age. I figured that's what he meant?

Are you saying that the capital gain on investing $900K will only generate a 4% annual return? That seems like an awfully conservative figure.

I guess we know you don't teach math or business.
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This would be an awesome strategy if the goal were to get to retirement broke.
 
Joe Bagadonuts said:
This would be an awesome strategy if the goal were to get to retirement broke.
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It's not much worse than investing at a low rate when you're young, and watching your investment get decimated by inflation.

Really, if you're gong to bicker with me, why choose this topic?
 
Joe Bagadonuts said:
What would you rather bicker about? You've done a masterful job of proving that finance is not your strong suit.
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I'd rather bicker about something important (social justice), or something interesting (board games).

I would heartily agree that finance is not my strong suit, which must make it all the more embarrassing that you didn't even show the rudimentary level of knowledge I did, but just spewed out empty criticisms.
 
One Brow said:
I'd rather bicker about something important (social justice), or something interesting (board games).

I would heartily agree that finance is not my strong suit, which must make it all the more embarrassing that you didn't even show the rudimentary level of knowledge I did, but just spewed out empty criticisms.
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You did not show rudimentary knowledge. You showed a complete lack of understanding of how basic financial concepts work. And BTW, I said that the person you were correcting was completely right and you were completely wrong. If you think that's an empty criticism it tells me you don't understand logic, either.
 
Joe Bagadonuts said:
You did not show rudimentary knowledge. You showed a complete lack of understanding of how basic financial concepts work.
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I showed enough knowledge to know that there are multiple ways to pull out a payout of a specific number from an initial investment, so when someone spouts off a number, they are not discussing how the money is being distributed. I showed enough to know that simply living off interest, without growing principal, is not much better than living off principal.

By contrast, you've made empty statements.

Joe Bagadonuts said:
And BTW, I said that the person you were correcting was completely right and you were completely wrong. If you think that's an empty criticism it tells me you don't understand logic, either.
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So, you think pulling interest out, without growing the principal, is "completely right"? At the same time, you're criticizing my lack of knowledge? You think that logic recognizes the status of notions like "right" and "wrong"?

There is nothing more for me to say. I can not condemn you more strongly than your own words.
 
Sexual Favors said:
I know i started this thread and all, but how and why yhe hell is everyone talking investments now?
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I can summarize that for you. Someone said they could live live the reast of their life on coaching the Jazz for a couple of year, one pedantic jerk tried to say this would not be much to live on, a second pedantic jerk made a tangential, off-hand remark, a third pedantic jerk decided to insult the second pedantic jerk, and then the second and third jerks started to go back and forth as if any of these comments meant anything.
 
One Brow said:
I showed enough knowledge to know that there are multiple ways to pull out a payout of a specific number from an initial investment, so when someone spouts off a number, they are not discussing how the money is being distributed. I showed enough to know that simply living off interest, without growing principal, is not much better than living off principal.

By contrast, you've made empty statements.



So, you think pulling interest out, without growing the principal, is "completely right"? At the same time, you're criticizing my lack of knowledge? You think that logic recognizes the status of notions like "right" and "wrong"?

There is nothing more for me to say. I can not condemn you more strongly than your own words.
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You have the most tenuous grasp of logic that I've ever encountered. You are simply making up a whole slew of new things in this post that have nothing whatsoever to do with anything that came before. I'd heard others say that engaging with you in discussion was a pointless exercise but until this moment I had no concept of how true their words were. You teach people for a living? Wow. Our education system really is in trouble. Goodbye forever Mr. Bumblehead.
 
Joe Bagadonuts said:
You are simply making up a whole slew of new things in this post that have nothing whatsoever to do with anything that came before.
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Add to the list of condemnations from your own mouth: your apparent inability to remember previous posts in this thread.

I take all the other criticisms with all the seriousness you have earned for them over the course of this discussion.
 
One Brow said:
I can summarize that for you. Someone said they could live live the reast of their life on coaching the Jazz for a couple of year, one pedantic jerk tried to say this would not be much to live on, a second pedantic jerk made a tangential, off-hand remark, a third pedantic jerk decided to insult the second pedantic jerk, and then the second and third jerks started to go back and forth as if any of these comments meant anything.
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In other words, just a normal day in the life of JazzFanz?
 
One Brow said:
I can summarize that for you. Someone said they could live live the reast of their life on coaching the Jazz for a couple of year, one pedantic jerk tried to say this would not be much to live on, a second pedantic jerk made a tangential, off-hand remark, a third pedantic jerk decided to insult the second pedantic jerk, and then the second and third jerks started to go back and forth as if any of these comments meant anything.
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I see. T

I thought forum had moderators, no?
 
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