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#1 2016-05-31 23:42:44

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,635
Trades :   232 

Looking After the Dollars...

Simple, easy and cost effective way to increase the retirement funds smile

gFm9VkZ.jpg


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
Stacker FAQ'S. New threads welcome- http://forums.silverstackers.com/topic- … faq-s.html

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#2 2016-06-01 02:13:12

errol43
Silver Stacker
From: Bundaberg
Registered: 2010-04-13
Posts: 6,324
Trades :   

Re: Looking After the Dollars...

Small amounts make a difference,,Ex1...$4 a day for coffee= $1460 a year for 10 years =$14600 for 10 years...interest 8%p.a.= double your money every 9 years...

8% p.a. is a high earning figure at this present time which means high risk...bank deposits around 3% at present.

You also have to factor in the possibility of a GFC would could immediately cut your investment in half , maybe less if you have invested in the right stocks.


Just imagine if it happened in year 9, your nest egg at around $23000 and you loose 50%,  you are back to around $11,500, less than the $14,600 you have in vested at $4 a day.

Now if you invested $4 a day in silver $10 state coins, then you always have a large % of your savings insured...

The figures shown in the graphs are great as long as our system holds up.

Maybe the answer is to diverse your $4 coffee savings into half investments, half silver.

Regards Errol 43

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#3 2016-06-01 04:50:59

scrooged
Member
From: Melbs
Registered: 2014-05-06
Posts: 1,227
Trades :   53 

Re: Looking After the Dollars...

I can't function without my coffee. That $4 is an investment into my personal productivity.

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#4 2016-06-01 05:12:22

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,849
Trades :   36 

Re: Looking After the Dollars...

^ me too but I'm a tight arse and pay $1 for coffee at 7/11

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#5 2016-06-01 05:31:41

ego2spare
Member
From: Australia
Registered: 2013-06-01
Posts: 1,698
Trades :   30 

Re: Looking After the Dollars...

Skyrocket wrote:

^ me too but I'm a tight arse and pay $1 for coffee at 7/11

You didnt hear this from me, But if u go to the atm at 7/11 insert your card, click the voucher for $2 large coffee for $1. Complete your atm transaction but put in the wrong pin.. it will spit your card out and the voucher. Then use the voucher cool

Last edited by ego2spare (2016-06-01 05:33:04)


There were more millionaires created during the Great Depression than any other time in history.

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#6 2016-06-01 05:36:57

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Looking After the Dollars...

Skyrocket wrote:

^ me too but I'm a tight arse and pay $1 for coffee at 7/11

I'm a double tight arse and bring instant coffee to work (instant coffee that I buy in bulk when its on special).

.

Last edited by SpacePete (2016-06-01 05:37:55)


Catus amat piscem, sed non vult tingere plantas

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#7 2016-06-01 06:27:42

Golden ChipMunk
Member
From: Jupiter, Venus, Mars
Registered: 2012-12-12
Posts: 6,730
Trades :   255 

Re: Looking After the Dollars...

SilverPete wrote:
Skyrocket wrote:

^ me too but I'm a tight arse and pay $1 for coffee at 7/11

I'm a double tight arse and bring instant coffee to work (instant coffee that I buy in bulk when its on special).

.

Was it International Roast or Home Brand?

I don't drink coffee, just tea and I recycles the Tea bag.... Better values!!! tongue


Original Perth CAPSULES - All Sizes Available
Full/ Half SOVEREIGN caps, contact Chip wink

Please leave pm , I will reply back  wink Chip

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#8 2016-06-01 06:35:33

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,635
Trades :   232 

Re: Looking After the Dollars...

errol43 wrote:

Small amounts make a difference,,Ex1...$4 a day for coffee= $1460 a year for 10 years =$14600 for 10 years...interest 8%p.a.= double your money every 9 years...

8% p.a. is a high earning figure at this present time which means high risk...bank deposits around 3% at present.

You also have to factor in the possibility of a GFC would could immediately cut your investment in half , maybe less if you have invested in the right stocks.

Just imagine if it happened in year 9, your nest egg at around $23000 and you loose 50%,  you are back to around $11,500, less than the $14,600 you have in vested at $4 a day.

Now if you invested $4 a day in silver $10 state coins, then you always have a large % of your savings insured...

The figures shown in the graphs are great as long as our system holds up.

Maybe the answer is to diverse your $4 coffee savings into half investments, half silver.

Regards Errol 43

All very true but this isn't your nest egg, it's money that can very easily be spared and therefore do nothing more than put you in front even if the market crashed 50%. And if you think that's going to happen, short yourself and put an outrageous $6/day in!

Something like VAS or an LIC would give better results long term than picking it yourself. I believe iShares Asia, Eu and HK have averaged 10%+ return over the last 3 years.

I thought most work places had fancy Nespresso machines and so coffee was free?


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
Stacker FAQ'S. New threads welcome- http://forums.silverstackers.com/topic- … faq-s.html

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#9 2016-06-01 06:38:32

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Looking After the Dollars...

Golden ChipMunk wrote:
SilverPete wrote:
Skyrocket wrote:

^ me too but I'm a tight arse and pay $1 for coffee at 7/11

I'm a double tight arse and bring instant coffee to work (instant coffee that I buy in bulk when its on special).

.

Was it International Roast or Home Brand?

I don't drink coffee, just tea and I recycles the Tea bag.... Better values!!! tongue

There was a time when I survived on those little International Roast and Blend 43 packets that can be found in cheep offices and hotels. Now I've moved on to better instant coffee like jars of Maccona.

Remember I was selling those old 1/10 oz silver coins in a jar? That was a Maconna coffee jar I think.

eBhM9zH.jpg

Last edited by SpacePete (2016-06-01 06:42:27)


Catus amat piscem, sed non vult tingere plantas

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#10 2016-06-01 08:03:57

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,100
Trades :   118 

Re: Looking After the Dollars...

House wrote:

I thought most work places had fancy Nespresso machines and so coffee was free?

+1
Never worked anywhere that didn't supply coffee, tea, hot chocolate, powerade, milk and bikkies. big_smile


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#11 2016-06-01 10:31:24

smk762
Silver Stacker
From: Westralia
Registered: 2014-09-04
Posts: 1,398
Trades :   15 

Re: Looking After the Dollars...

scrooged wrote:

I can't function without my coffee. That $4 is an investment into my personal productivity.

Gotta spend money to make money.


Note: No view / opinion I express is to be construed in any way as representative of entities which I may be associated with, including but not limited to employers, clubs, or charitable organisations. All commentary is made as a private citizen, regardless of the method of creative expression, and in accordance with personal integrity and my perception of the public interest. This disclaimer is to be applied perpetually and retroactively.Hi ASIO roll

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