Pirate4x4.Com : 4x4 and Off-Road Forum - Reply to Topic
 
Pirate4x4.Com : 4x4 and Off-Road Forum  

Go Back   Pirate4x4.Com : 4x4 and Off-Road Forum > Miscellaneous > General Chit-Chat > Bump this thread every time kmkommes makes a bad financial decision
Notices

Thread: Bump this thread every time kmkommes makes a bad financial decision Reply to Thread
Title:
  
Message:
Trackback:
Send Trackbacks to (Separate multiple URLs with spaces) :
Post Icons
You may choose an icon for your message from the following list:
 

Register Now

In order to be able to post messages on the Pirate4x4.Com : 4x4 and Off-Road Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.

** A VERIFICATION EMAIL IS SENT TO THIS ADDRESS TO COMPLETE REGISTRATION!! **

Email Address:
Insurance
Please select your insurance company (Optional)

Log-in


Additional Options
Miscellaneous Options

Topic Review (Newest First)
05-31-2019 07:10 AM
Roc Doc Sounds like the guys I used hear talking about the Royal or 4 Aces with kicker that they hit the night before. Never did hear about the nights where they lost $400.
05-30-2019 07:41 PM
DozerDan
Quote:
Originally Posted by arse_sidewards View Post
The 840k is not guaranteed. He's pulling out now because he's ahead. It's like leaving the casino after you've won. Sure you "could" do better but you also risk losing it all. Sure buying a car with it probably isn't the best financial decision but it's his money.
I know, I was just playing devils advocate.

Hence why I play the long term- put what the company matches in my 401k, and take x amount from ever pay check and put it in savings, and y amount in my other credit union account that I dont touch.
05-30-2019 07:20 PM
Provience
Quote:
Originally Posted by kmkommes View Post

Stock options. Learn them.
sounds like too much thinking for only money in return
05-30-2019 07:07 PM
kmkommes That $2,000 on Wednesday was $109,000 at one point on Monday then fell hard. I cashed out at $55,000 that Monday. I've been trading a little since and it's been up some and down some.

I've been in this situation before and letting it ride isn't always the answer. My greedy brain would have turned that $840,000 into nothing. Gotta pull some once in awhile.

The wife left me with $8,000 to play with and I think that's down to like $5,500 now.

I have 33 ROKU $94 puts bought today expiring tomorrow. We'll see how that turns out. Probably wont be good. I think it's about $5,000 that could be nothing or maybe $20,000 tomorrow.

Stock options. Learn them.
05-30-2019 06:52 PM
Provience
Quote:
Originally Posted by kmkommes View Post
I don't expect it to cost more than a couple hundred a month overall.
.
do most new cars cost more than a couple hundred a month overall
05-30-2019 06:46 PM
arse_sidewards
Quote:
Originally Posted by DozerDan View Post
---if you turned 2k into a 40k profit 20x in a few weeks, don't you think waiting two more weeks and turning 42K into $840,000 would have been a better move---
The 840k is not guaranteed. He's pulling out now because he's ahead. It's like leaving the casino after you've won. Sure you "could" do better but you also risk losing it all. Sure buying a car with it probably isn't the best financial decision but it's his money.
05-30-2019 06:25 PM
Black Sheep
Quote:
Originally Posted by kmkommes View Post
MSRP was $53,535.
Bought it from an older lady that bought it new in January and commuted to work with it. 5,500 miles.

I paid $41,500 for it.
Impossible. People on this board know with certainty that a new vehicle doesnt lose $10k+ in value within 6 months of purchase.
05-30-2019 06:02 PM
Pukemaggots
Quote:
Originally Posted by DozerDan View Post
Wow- that is one hell of a horrible strategy. If I made $42,000 in a few weeks, I sure as hell would not dump it all on a car.

Hell pull $10k for a down payment and let the other 32K keep making you $$$, pull as needed to make payments...

I thought everyone knew it takes money to make money- you just broke rule #1

---if you turned 2k into a 40k profit 20x in a few weeks, don't you think waiting two more weeks and turning 42K into $840,000 would have been a better move---
Have you not looked at the title of this thread....
05-30-2019 05:33 PM
DozerDan
Quote:
Originally Posted by kmkommes View Post
Yes
An initial $2,000 investment multiplied a bunch of times over a couple of days.
I have no loan on this jeep.

At the end of this week or next I might be broke again. I'm ok with that. My only debt is my mortgage and that's an easy payment.
Wow- that is one hell of a horrible strategy. If I made $42,000 in a few weeks, I sure as hell would not dump it all on a car.

Hell pull $10k for a down payment and let the other 32K keep making you $$$, pull as needed to make payments...

I thought everyone knew it takes money to make money- you just broke rule #1

---if you turned 2k into a 40k profit 20x in a few weeks, don't you think waiting two more weeks and turning 42K into $840,000 would have been a better move---
05-30-2019 02:31 PM
PROJECTJUNKIE
Quote:
Originally Posted by kmkommes View Post
Yes
An initial $2,000 investment multiplied a bunch of times over a couple of days.
I have no loan on this jeep.

At the end of this week or next I might be broke again. I'm ok with that. My only debt is my mortgage and that's an easy payment.
Then I'd tell the OP of this thread to stfu
05-30-2019 01:43 PM
kmkommes
Quote:
Originally Posted by PROJECTJUNKIE View Post
You profited 42k and cashed out?
Yes
An initial $2,000 investment multiplied a bunch of times over a couple of days.
I have no loan on this jeep.

At the end of this week or next I might be broke again. I'm ok with that. My only debt is my mortgage and that's an easy payment.
05-30-2019 12:40 PM
PROJECTJUNKIE
Quote:
Originally Posted by kmkommes View Post
MSRP was $53,535.
Bought it from an older lady that bought it new in January and commuted to work with it. 5,500 miles.

I paid $41,500 for it.

There are some good deals on new ones out there but this one was still a decent amount cheaper. Wranglers have held their values well over the years. I'll let you know how this one does. I don't expect it to cost more than a couple hundred a month overall.

I like to tell myself that Elon Musk bought this for me. I started trading TSLA stock options (PUTS) on May 15th and within a week I cashed out with more than enough profit to buy this.

Today I bought ROKU puts for the short term. Probably going to lose my ass there but I'm ok with that.
You profited 42k and cashed out? Or made several hundred dollars and can cover a few payments on a fiat?
05-30-2019 12:26 PM
kmkommes
Quote:
Originally Posted by posford View Post
bitches about his highlift jacks paint again.
Not me
05-30-2019 12:24 PM
kmkommes
Quote:
Originally Posted by RusM View Post
Safe to say it's warranted. He won't say how much he paid for it so it must've cost him his anus....
MSRP was $53,535.
Bought it from an older lady that bought it new in January and commuted to work with it. 5,500 miles.

I paid $41,500 for it.

There are some good deals on new ones out there but this one was still a decent amount cheaper. Wranglers have held their values well over the years. I'll let you know how this one does. I don't expect it to cost more than a couple hundred a month overall.

I like to tell myself that Elon Musk bought this for me. I started trading TSLA stock options (PUTS) on May 15th and within a week I cashed out with more than enough profit to buy this.

Today I bought ROKU puts for the short term. Probably going to lose my ass there but I'm ok with that.
05-30-2019 11:05 AM
posford
Quote:
Originally Posted by cj5.5 View Post
May as well put this bitch on standby.

https://www.pirate4x4.com/forum/gene...ling-tips.html
No, its the next thread where he fucks it up or lays it on its lid or bitches about his highlift jacks paint again.
05-30-2019 10:55 AM
RusM
Quote:
Originally Posted by cj5.5 View Post
May as well put this bitch on standby.

https://www.pirate4x4.com/forum/gene...ling-tips.html
Safe to say it's warranted. He won't say how much he paid for it so it must've cost him his anus....
05-30-2019 10:30 AM
cj5.5 May as well put this bitch on standby.

https://www.pirate4x4.com/forum/gene...ling-tips.html
04-19-2019 01:20 PM
DirtyComanche
Quote:
Originally Posted by cj5.5 View Post
So it's going to cost an arm and a leg?
Well, a leg for sure.
04-19-2019 12:29 PM
cj5.5
Quote:
Originally Posted by DirtyComanche View Post
That one is going to have extra value because of the backstory.
So it's going to cost an arm and a leg?
04-19-2019 11:19 AM
DirtyComanche
Quote:
Originally Posted by kmkommes View Post
I'd be lieing if that wasn't the first thing I saw when I saw that thread. That rig is pretty much exactly what I'd like to find. There are still stupid expensive at the auctions though.
That one is going to have extra value because of the backstory.
04-19-2019 11:05 AM
gladman
Quote:
Originally Posted by DMG View Post
Probably because you have to air up the tires, charge the battery, fiddle with 3 things, top off the atf and let it warm up for 10 minutes before it goes groaning out onto the road shaking from the flat spots on the tires. That is more vehicular bullshit than a woman can handle in a year.
once a month (not always regularly) they drain blood out of their bodies as a natural course of 'working as designed' they have to pluck, prune and mess with all manner of things... surprising that those few things would be outside what they want to do....

I suspect other motivations.
04-19-2019 09:09 AM
gtxracer
Quote:
Originally Posted by kmkommes View Post
Gtxracer. Your advice is to buy another vehicle when I have 2 perfectly reliable enough vehicles? The jeep is pretty solid and the whole family has only been in there a handful of times. I'm happy with it. I should have built a 4 door but when I started the TJ I only had 1 kid... That build got out of hand and there was no turning back.

I also have an 08 suburban that has been pretty solid and I expect it to be for a few more years yet.

I sold both of my 4 door JKs this year and between the 2 I pretty much broke even. Made enough on the 2013 to cover my total cost of ownership on the 07 over 2 years. I sold them because why build a JK when I'll constantly want a JL.

I've narrowed my next vehicle down to a Tesla model S or a JL. Both are extremely hard to justify right now. Either that or pull my wife's 99 sunfire out of the weeds of her parents house and start driving that again.
Perhaps most of your issues lie with poor decision making skills...
04-19-2019 05:18 AM
ckupq
Quote:
Originally Posted by kmkommes View Post
Either that or pull my wife's 99 sunfire out of the weeds of her parents house and start driving that again.
Quote:
Originally Posted by arse_sidewards View Post
99 Sunfire all the way.
I'm doing the same "99 sunfire" thing, only its an 08 focus with 215K miles. I'll drive this POS till either the wheels fall off or pistons shoot out the hood (I'm hoping for the piston thing.) There is no need in my mind to drive a new car and run up mileage when I can drive this POS and save money for bigger better things.
04-19-2019 04:26 AM
arse_sidewards
Quote:
Originally Posted by kmkommes View Post
I've narrowed my next vehicle down to a Tesla model S or a JL. Both are extremely hard to justify right now. Either that or pull my wife's 99 sunfire out of the weeds of her parents house and start driving that again.
99 Sunfire all the way.
04-18-2019 11:09 PM
Black Sheep
Quote:
Originally Posted by kmkommes View Post

I also have an 08 suburban that has been pretty solid and I expect it to be for a few more years yet.
Famous last words before it sounds like a typewriter.
This thread has more than 25 replies. Click here to review the whole thread.

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -7. The time now is 02:14 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 ©2011, Crawlability, Inc.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.