How much is your truck payment?

[Mixxfixx]

LF XLT Screw, 4x4, 2.7L, 302A Sport, 360 Camera, Moonroof, Assist 2.0, Tailgate Step, Skid Plates, 20’’ Dark Alloy Wheels.

$402/ BI-Weekly, 36Months Lease, 25k Annual KMs.

May put down 3K to lower the payments a bit more, not sure yet!

Located in Ontario.

when did u order. I’m guessing you missed the smoking deal earlier in the year. I’m paying $520 a month tax in (2500 down) for a $79,000 lariat.

that being said I ordered last March and still dont have a vin. I just got rolled to a 22. Dealer says they will honor the deal so we will see

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[F-150 Prius]

I am not sure what you're talking about. If you invest in VOO, you are in the S&P500, clean. They are not taking half your returns. Their fee is .03%. Pennies, just pennies. No one can consistently beat the S&P500, which is why IT is the benchmark that everyone compares to. So if you cannot consistently beat the 500, just buy the damn 500.

https://investor.vanguard.com/etf/profile/VOO

Being heavily weighted in the S&P sounds marvelous in bullish times, but when bubbles burst, when covid or the GFC come along, you want to be in control and be able to immediately liquidate, not ride the rollercoaster down.
Unless you take control of your portfolio, Vanguard et al will not overweight or create large single positions -- they won't even use indexes, they'll construct the usual "diversified portfolio" which again, sounds logical until you see that a basket of stocks is still basket and they've put all your eggs in that basket. When markets move, all the eggs in the basket move. When new products and markets emerge (e.g. covid pharma, electric vehicles, crypto assets) the institutions are late and slow to the game. To conclude with another mixed metaphor, your capital is spread out like sitting ducks, ensuring it is exposed to a scatter gun of losses.

 

[UGADawg96]

Being heavily weighted in the S&P sounds marvelous in bullish times, but when bubbles burst, when covid or the GFC come along, you want to be in control and be able to immediately liquidate, not ride the rollercoaster down.
Unless you take control of your portfolio, Vanguard et al will not overweight or create large single positions -- they won't even use indexes, they'll construct the usual "diversified portfolio" which again, sounds logical until you see that a basket of stocks is still basket and they've put all your eggs in that basket. When markets move, all the eggs in the basket move. When new products and markets emerge (e.g. covid pharma, electric vehicles, crypto assets) the institutions are late and slow to the game. To conclude with another mixed metaphor, your capital is spread out like sitting ducks, ensuring it is exposed to a scatter gun of losses.

And that is where VTI is strong

Also, when the market went down 30% in March 2020, it was time to buy, not sell. And look at the returns since then. You can't be scared when the market goes down. That is when it's time to be a shark and buy on other's fears. You cannot beat the market over a steady period of time.

We can agree to disagree.

 

[F-150 Prius]

And that is where VTI is strong

Also, when the market went down 30% in March 2020, it was time to buy, not sell. And look at the returns since then. You can't be scared when the market goes down. That is when it's time to be a shark and buy on other's fears. You cannot beat the market over a steady period of time.

We can agree to disagree.

I don't think we're disagreeing about much, just different preferences for level of involvement and expected risk-reward. If you rode the S&P down, even if you reduced cost basis by buying somewhere in the "dip" (not to open the can of worms labeled "timing" or the unusual case of having additional dry capital to put to work, of course after the 30% crash the market could have gone lower or sideways till the election) well, the 1100 point drop is the crux of why I loathe giving my capital to corporations. I'm willing to take the time to see covid rear its head and decide to get out and buy a basket of the other type of companies I loathe: big pharma.

 

[gtotco]

I don't think we're disagreeing about much, just different preferences for level of involvement and expected risk-reward. If you rode the S&P down, even if you reduced cost basis by buying somewhere in the "dip" (not to open the can of worms labeled "timing" or the unusual case of having additional dry capital to put to work, of course after the 30% crash the market could have gone lower or sideways till the election) well, the 1100 point drop is the crux of why I loathe giving my capital to corporations. I'm willing to take the time to see covid rear its head and decide to get out and buy a basket of the other type of companies I loathe: big pharma.

I personally just use wealthfront for more diversification (including munis, and foreign and EM equities). Assets are becoming more correlated but still offers some protection. They charge I think .35% on top of any ETF fees, but includes direct indexing and tax loss harvesting.

 

[UGADawg96]

I don't think we're disagreeing about much, just different preferences for level of involvement and expected risk-reward. If you rode the S&P down, even if you reduced cost basis by buying somewhere in the "dip" (not to open the can of worms labeled "timing" or the unusual case of having additional dry capital to put to work, of course after the 30% crash the market could have gone lower or sideways till the election) well, the 1100 point drop is the crux of why I loathe giving my capital to corporations. I'm willing to take the time to see covid rear its head and decide to get out and buy a basket of the other type of companies I loathe: big pharma.

Yeah, true. And it also can vary if someone is "playing" the market just to create income or hold one's position versus someone buying in every paycheck or monthly for retirement into 401k and IRA accounts via dollar cost averaging. I am more speaking to that later group versus someone trying to hold/build a nest egg if already in retirement. The strategies can vary based on which group one is in.

 

[lewie_d]

My 2018 was 2k down 410 a month,my 2020 was 0 down 510 a month my 2021 should be back to 4 something with 0 since I went back to a xlt

 

[FordTough98198]

I put down $10k on a sticker of $82k. They discounted the truck to $74 before applying my $10k. I’m in a 2 year lease and my payment is $465 a month all in. I’m in a good spot with residual of $54k at end of lease in 6 months. I bought when pandemic started so they were slashing prices like crazy to move cars. Now my truck has a KBB trade in value of $72-$75k. I stand to make some money on this lease. 2020 Expedition MAX King Ranch. I’ve got 9,000 miles after 1.5 years.

 

[F-150 Prius]

I put down $10k on a sticker of $82k. They discounted the truck to $74 before applying my $10k. I’m in a 2 year lease and my payment is $465 a month all in. I’m in a good spot with residual of $54k at end of lease in 6 months. I bought when pandemic started so they were slashing prices like crazy to move cars. Now my truck has a KBB trade in value of $72-$75k. I stand to make some money on this lease. 2020 Expedition MAX King Ranch. I’ve got 9,000 miles after 1.5 years.

Right! People in a lease should look at their exit … they could well have a significant upside on a higher priced pickup. I just sold a Tesla because of the price. Not a bad car, it was a great car, but if someone wants to pay me to get out, okay, that's a fair market.

 

[dropp01]

I was going to pay cash but with 0% APR I ended up putting half down with 400.00 a month.

 

[EatDirtFartDust]

Self made wealthy people never got wealthy by putting money down on something they could borrow for less than 5% interest.
Why pay cash for something when you c an borrow for less interest than you’ll make on a safe investment?

 

[gtotco]

Self made wealthy people never got wealthy by putting money down on something they could borrow for less than 5% interest.
Why pay cash for something when you c an borrow for less interest than you’ll make on a safe investment?

Lol no wealthy person takes on consumer debt except maybe a mortgage.

 

[3DogKnight]

What's a 'truck payment'?

 

[EatDirtFartDust]

Lol no wealthy person takes on consumer debt except maybe a mortgage.

You don’t know many wealthy people then.

 

[SumGuy]

Self made wealthy people never got wealthy by putting money down on something they could borrow for less than 5% interest.
Why pay cash for something when you c an borrow for less interest than you’ll make on a safe investment?

That’s not true at all. The wealthy don’t borrow money for a truck. They pay cash for range rovers.

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