UPS to freeze pension plans for nonunion staffers

[Catatonic]

Disagree. Did you not see my post.

Yes, I bought my house in 1999 and 18 years later it is worth maybe 40% more than when purchased.
My other investments have gained more than 300% in that same time.
Therefore, my belief that a house is not a good investment.
I always bought houses way below what I qualified for.
If you don't double your investment within 7 years, it was not a good investment.

 

[Brownslave688]

Estate taxes.

5.5 million before that kicks in right now.

I think
They'll survive.

 

[Brownslave688]

Would you pull your money out when the market is in the dumps?
Then why would I start putting my money in the market when it is artificially high and due for a correction?

Buy oil stocks.

 

[542thruNthru]

@Indecisi0n can you move this thread to the partners section please.

This has no business in UPS discussions.

 

[Catatonic]

Good news from the contractor today. I might make 100k on this house in under 5 years.

Yeah, 2012 was a good year to buy or build.
My main house is up about $150k in the last 5 years but so are my taxes.

 

[Catatonic]

Would you pull your money out when the market is in the dumps?
Then why would I start putting my money in the market when it is artificially high and due for a correction?

It's called 'dollar-cost averaging' ...

 

[Brownslave688]

Would you pull your money out when the market is in the dumps?
Then why would I start putting my money in the market when it is artificially high and due for a correction?

For one it starts the habit of saving.

Two if you could time the market you wouldn't be a ups driver. Just because it's due doesn't mean it'll happen. You could miss out on 2-3 years of growth waiting for a correction.

 

[DriveInDriveOut]

It's called 'dollar-cost averaging' ...

Thanks for nothing Suze.

 

[Nothing by 1030 anymore]

I guess it sucks to be management at UPS.

Sucks to be anything with ups except retired

 

[Brownslave688]

It's called 'dollar-cost averaging' ...

It's the only way us laymen should invest.

 

[Brownslave688]

Yeah, 2012 was a good year to buy or build.
My main house is up about $150 in the last 5 years but so are my taxes.

Umm no I mean 5 years from now lol. We just bought a forclosure and are renovating it.

 

[DriveInDriveOut]

For one it starts the habit of saving.

Two if you could time the market you wouldn't be a ups driver. Just because it's due doesn't mean it'll happen. You could miss out on 2-3 years of growth waiting for a correction.

4% automatic by paying down the mortgage.

 

[Brownslave688]

4% automatic by paying down the mortgage.

Does that 4% compound....

 

[DriveInDriveOut]

Does that 4% compound....

it would, over 30 years, if I didn't pay it off early.

 

[IVE GOTTA PACKAGE 4U]

Does that 4% compound....

Negativly

 

[BakerMayfield2018]

Yes, I bought my house in 1999 and 18 years later it is worth maybe 40% more than when purchased.
My other investments have gained more than 300% in that same time.
Therefore, my belief that a house is not a good investment.
I always bought houses way below what I qualified for.
If you don't double your investment within 7 years, it was not a good investment.

"Other investments" could have easily tanked and been worth nothing. A lot of people would say you were "lucky".

 

[Catatonic]

That depends where you live. Out here in Cali people have made a killing before and after the housing crisis.

Oh yeah ... I have a friend who bought 4 houses back in 2009 -2012 and sold them all and was up over half-mill after costs and taxes in 2015 when she sold the last one.

 

[DriveInDriveOut]

Negativly

 

[Catatonic]

"Other investments" could have easily tanked and been worth nothing. A lot of people would say you were "lucky".

Could've, would've, should've.
I deal with the average and norms.

Shoot, I invested in some mountain property for $42k in 2003 and sold for $200k in 2006.

 

[BakerMayfield2018]

Don't you people have jobs!!!!! Wtf!! I'm on vacation and everyone is sleeping. I have an excuse!!