Dow Jones dropped 1000 points!!

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05-07-2010, 10:50 AM

#41

doopstr

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Quote:

Originally Posted by petec2010

It's really a wonder why they don't teach finance in grade school and high school, we probably wouldn't be in such a bad position if that was the case

If you tell the middle class and poor people how to handle money, the retailers would go out of business because no one would max out their credit cards. There would be no Acuras because who would take out a 5 year car loan for $40k? There would be a shortage of McMansions too

Last edited by doopstr; 05-07-2010 at 10:54 AM.

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05-07-2010, 10:54 AM

#42

DaChef320

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[quote=petec2010;11995613]Holy shit yes... I have my retirement account (401k) and my "fun" account that I trade with. My two loans (car and house) are below 5%, and I can get a better return than that in high yielding quality stocks... But you are right, It's really a wonder why they don't teach finance in grade school and high school, we probably wouldn't be in such a bad position if that was the case.

isn't what college is for?

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05-07-2010, 11:14 AM

#43

hornyleprechaun

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Quote:

Originally Posted by Professor

Stock investing is a funny thing. I hear colleagues bragging about their portfolios... the same colleagues with a $300K mortgage at 7% and $18K in credit cards at 14%...

Pay that shit off first... it's a guaranteed return.

I said the same to my wife about her CC & Student Loans.. I made her pay off her CC and am about done with SL #1. SL #2 is $10k then all we'll have left is the mortgage as debt.

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05-07-2010, 11:17 AM

#44

thunder04

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I wish I knew how to invest in the stock market.

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05-07-2010, 11:37 AM

#45

OEMAcuraPartsTim

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Quote:

Originally Posted by petec2010

Holy shit yes... I have my retirement account (401k) and my "fun" account that I trade with. My two loans (car and house) are below 5%, and I can get a better return than that in high yielding quality stocks... But you are right, It's really a wonder why they don't teach finance in grade school and high school, we probably wouldn't be in such a bad position if that was the case.

My old service manager said it best.....

"Every generation needs car washers, Tim......"

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05-08-2010, 09:18 AM

#46

Pete2010

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Quote:

Originally Posted by OEMAcuraPartsTim

My old service manager said it best.....

"Every generation needs car washers, Tim......"

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05-19-2010, 09:22 AM

#47

doopstr

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Anyone else think we are going below 10,000 again?

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05-19-2010, 10:06 AM

#48

NSXNEXT

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Quote:

Originally Posted by doopstr

Anyone else think we are going below 10,000 again?

Dunno but I just locked in at 4.5% with .875 points on a 30 yr fixed rate mortgage.

My 401K is dropping but at least the mortgage on our new place will be cheap.