Who can afford a new truck anymore?

kenmac · May 27, 2015

MossRoad said:
$60,000 earning 7% compounded annually for 30 years will give you a tad over $450,000 at retirement age. Hope you get a half million dollars worth of enjoyment out of that truck.

I can see we think alike. I think 7% is a bit low. but, I know what u are saying.. I preach this to my kids all the time.. 1 listens.. the other 1 ,,not so much... 1 day , he may understand what I was trying to tell him

MossRoad · May 27, 2015

Yamaha2112 said:
The illuminati is very unhappy with you disclosing its secrets.
We'll talk about this at our next meeting.

Sorry.... I forgot.

timswi · May 27, 2015

buckeyefarmer said:
Title is who can afford, not who needs one. We all buy things we don't necessarily need, including (dare I say) Tractors. I don't need to pay $5K more for a hybrid car when I can get within 1 mpg on a manual for the same vehicle (honda), but some people want a hybrid for whatever reason, and I'm not the one to tell them not to. Some people live in large, expensive houses they don't need, maybe that helps their ego or something, I don't know. So when guys want a large truck, don't spout off about what they do or don't need, that has nothing to do with anything.

Well said..I suffered and worked my but off for a really long time driving junk and welding stuff back together just to make it functional...I'm doing fairly well now and participate in a little conspicuous consumtion...Not to the point of obsurdity--ie, if I can't put at least 50% down and pay it off in less than 18 months I don't purchase. Most all things beyond high dollar stuff is paid for in cash. I still invest for the future and invest in my family heavily. Those, after all, are the most important. It's no one's business what I spend my money on anyway. Everyone's circumstances are materially different from yours and mine.

MossRoad · May 27, 2015

grnspot110 said:
But, where are you going to get 7% interest these days?

Yamaha2112 said:
MossRoad, if you tell grnspot110 how to do this, I will be forced to motion to rescind you 27th level back to 26.

I'm telling him anyway....

DOW

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1975	616.24	852.41	236.17	38.32%
1976	852.41	1004.65	152.24	17.86%
1977	1004.65	831.17	-173.48	-17.27%
1978	831.17	805.01	-26.16	-3.15%
1979	805.01	838.74	33.73	4.19%
1980	838.74	963.98	125.24	14.93%
1981	963.98	875.00	-88.98	-9.23%
1982	875.00	1046.55	171.55	19.61%
1983	1046.55	1258.64	212.09	20.27%
1984	1258.64	1211.57	-47.07	-3.74%
1985	1211.57	1546.67	335.10	27.66%
1986	1546.67	1895.95	349.28	22.58%
1987	1895.95	1938.83	42.88	2.26%
1988	1938.83	2168.57	229.74	11.85%
1989	2168.57	2753.20	584.63	26.96%
1990	2753.20	2633.66	-119.54	-4.34%
1991	2633.66	3168.83	535.17	20.32%
1992	3168.83	3301.11	132.28	4.17%
1993	3301.11	3754.09	452.98	13.72%
1994	3754.09	3834.44	80.35	2.14%
1995	3834.44	5117.12	1282.68	33.45%
1996	5117.12	6448.27	1331.15	26.01%
1997	6448.27	7908.25	1459.98	22.64%
1998	7908.25	9181.43	1273.18	16.10%
1999	9181.43	11497.12	2315.69	25.22%
2000	11497.12	10786.85	-710.27	-6.18%
2001	10786.85	10021.50	-765.35	-7.10%
2002	10021.50	8341.63	-1679.87	-16.76%
2003	8341.63	10453.92	2112.29	25.32%
2004	10453.92	10783.01	329.09	3.15%
2005	10783.01	10717.50	-65.51	-0.61%
2006	10717.50	12463.15	1745.65	16.29%
2007	12463.15	13264.82	801.67	6.43%
2008	13264.82	8776.39	-4488.43	-33.84%
2009	8776.39	10428.05	1651.66	18.82%
2010	10428.05	11577.51	1149.46	11.02%
2011	11577.51	12217.56	640.05	5.53%
2012	12217.56	13104.14	886.58	7.26%
2013	13104.14	16576.66	3472.52	26.50%
2014	16576.66	17823.07	1246.41	7.52%

Yamaha2112 · May 27, 2015

:mur: 2008 was a MAJOR missed opportunity.
I didn't know what I was doing at all back then.

MossRoad · May 27, 2015

Yamaha2112 said:
:mur: 2008 was a MAJOR missed opportunity.
I didn't know what I was doing at all back then.

Yeah, I was about ready to throw up when we lost about a third of our net worth that year. Wife reminded me that most other folks did too, so get over it. :laughing: We didn't waver from our plan, kept buying shares of mutual funds in our retirement plans and in 2 years we got back all we lost and 2 more years we had doubled what we had before the crash. :thumbsup: Long term is the key.

Yamaha2112 · May 27, 2015

I definitely learned the hard way to be all :cool2: when it's in the red now.

buickanddeere · May 27, 2015

KiotiKowboy said:
The diesel is nothing but a driver for the generator. The electric motors move the train - up to at least 15,000 tons.

Isn't that what I said?
For those who think batteries are the solution. How far would a railroad car of batteries power a 100 car rail train ?

MossRoad · May 27, 2015

buickanddeere said:
Isn't that what I said?
For those who think batteries are the solution. How far would a railroad car of batteries power a 100 car rail train ?

Uphill or down?

timswi · May 27, 2015

MossRoad said:
Yeah, I was about ready to throw up when we lost about a third of our net worth that year. Wife reminded me that most other folks did too, so get over it. :laughing: We didn't waver from our plan, kept buying shares of mutual funds in our retirement plans and in 2 years we got back all we lost and 2 more years we had doubled what we had before the crash. :thumbsup: Long term is the key.

Exactly--I did nothing and stayed the course, what real choice was there anyway? I made a killing in the upturn.