TAX RETURN!

[2012-1822]

I think this thread holds the record for the most of these two particular emoticons.

[trashmanssd]

well might as well go for the record.
and i have fuel for the fire of . Wife's a tax account her major bitch is the clients who come in crying my sister got like 10 thousand back why do I owe 3 thousand. Really hard to explain tax credits and with holdings to the avg person.

[2010-1SS-IBM]

Originally Posted by Billy10mm

The S&P 500 has returned an annualized 17% per year since 2009. Anyone putting their money in a bank account is a moron.

And how'd the market do before 2009?

Edit - And for the people criticizing the OP for getting taxes back, there are a lot worse investments. Boats, for example...

[roosnam007sag]

This years Mod money is going to the IRS :(

[Dexman1349]

In the unlikely chance I get a refund, it will go towards the credit cards used on Black Friday to buy the parts I already have installed...

[jd10013]

Originally Posted by 2010-1SS-IBM

And how'd the market do before 2009?

Edit - And for the people criticizing the OP for getting taxes back, there are a lot worse investments. Boats, for example...

depends. if you want to pick out one year, then not good. unless you go by last year in which the S&P returned about 24%. do a 10 year average and it's pretty good. fact is, the stock market has historically returned a little over 7%. that includes the great depression and every recession we've ever had. when it's down, your buying shares cheap. the stock market is just about the only investment that will beat inflation.

and letting the government keep your money for a year isn't an investment, it's charity.

anyhow, for those that don't know how to invest, or don't want to; good luck living off social security. especially the younger people who will probably only get 1/2 of what they're telling you you'll get. you guys will have the proud distinction of having paid more social security tax than any generation, and receive the smallest benefit. I don't think most of the X'ers or millennail's appreciate the train wreck that is awaiting you.

for anyone 30 or under investing isn't something you should do to get rich, it's something your going to need to do in order to survive the 15 yrs or so after you can no longer work.

[Mannsiam]

Or do like i did and start collecting your first retirement at 40 for the rest of your life.

[2010-1SS-IBM]

Originally Posted by jd10013

depends. if you want to pick out one year, then not good. unless you go by last year in which the S&P returned about 24%. do a 10 year average and it's pretty good. fact is, the stock market has historically returned a little over 7%. that includes the great depression and every recession we've ever had. when it's down, your buying shares cheap. the stock market is just about the only investment that will beat inflation.

Blah, does no one ever take risk seriously? The market just crashed as hard as ever a few years ago, and it's already being waved off as if it was no big thing. That's a sure sign that it's not being taken seriously.

And I'm sure Enron and Countrywide investors bought at a great price too.

Originally Posted by jd10013

and letting the government keep your money for a year isn't an investment, it's charity.

No, it's a refund. You're the only guy who called it an investment, and now you're disputing your straw man argument. Why don't you PM yourself your arguments and counter arguments and spare us the condescension.

Originally Posted by jd10013

anyhow, for those that don't know how to invest, or don't want to; good luck living off social security. especially the younger people who will probably only get 1/2 of what they're telling you you'll get. you guys will have the proud distinction of having paid more social security tax than any generation, and receive the smallest benefit. I don't think most of the X'ers or melineals appreciate the train wreck that is awaiting you.

for anyone 30 or under investing isn't something you should do to get rich, it's something your going to need to do in order to survive the 15 yrs or so after you can no longer work.

Just FYI, the markets are a joke. You're better off playing roulette than leaving a substantial amount with those bloodsuckers. At this point, start (or buy) your own business and run it.

[jd10013]

Originally Posted by 2010-1SS-IBM

Blah, does no one ever take risk seriously? The market just crashed as hard as ever a few years ago, and it's already being waved off as if it was no big thing. That's a sure sign that it's not being taken seriously.

And I'm sure Enron and Countrywide investors bought at a great price too.

again, and you seem to be missing this, your looking at the markets over a very short time period. it's not a short term investment. it's something you do over decades. and as for Enron and countrywide, that is why you diversify your investment into dozens, sometimes hundreds, of different things. only a moron puts all their money, or even more than 5% of it, into one thing. some of your investments are going to loose money, there's no way around it. but if your properly diversify your winner will offset your looser's and then some.

No, it's a refund. You're the only guy who called it an investment, a

you said " there are a lot worse investments, like buying a boat". the inference is letting the government keep your money then returning it to you in the spring is an investment. don't blame me for your lack of clarity.

Just FYI, the markets are a joke. You're better off playing roulette than leaving a substantial amount with those bloodsuckers. At this point, start (or buy) your own business and run it.

call it a joke if you want, but it has returned an average of over 7% over it's existence. that's a fact. nobody who knows how to invest looses money over a 10, 20, or 30 year period. the market today is worth more than ever. it always goes up over time. it's just a matter of how far and how fast. it's no more complicated than that. most business's fail. and in today's regulatory climate, it's pretty tough to even start one, let alone make it succeed.

[batman53201]

maybe you guys should start a different thread.

[jd10013]

Originally Posted by batman53201

maybe you guys should start a different thread.

nah, I'm done. my apologies

[Arubberbaby]

Originally Posted by taf21979

I understand how some people feel that way about a tax refund,but to each his own i like getting 9-12k every febuary then another 5 to 8k in march for profit sharing. Bring on the money daddy needs some new camaro parts.

I love profit sharing lol. If I wasn't attempting to buy a house soon I would spend all 6k ish on my Camaro this year

[Ryanbabz71]

Not getting much back (actually owe state). We are redoing our kitchen countertops and putting in a tile backsplash.


Ryan

[Green Machine]

I need a new roof

Sent from the road.