With interest rates rising, how many won’t be completing their R1 purchase?

[domoplaytime]

it’s always best to have as much liquid cash on hand as possible.

That doesn't sound like good advice.

once it bottoms out

Ooh even worse. I think it's a bad idea to use debt to finance speculative market timing attempts.

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[Prime]

That doesn't sound like good advice.

Ooh even worse. I think it's a bad idea to use debt to finance speculative market timing attempts.

Having liquid finances amidst a recession doesn’t sound like good advice? Hmm. To each their own I guess. I’ve done just fine following that thought process for many years. I wasn’t suggesting dumping all your cash in stocks, but having funds for buying low is always the goal for those who like to invest such as myself. Just like all those that greatly benefited buying (at the right time) amidst the start of the pandemic and multiplying their investments many fold over 12-24 months.

 

[Zoidz]

Its a broken record and I will sit on my high horse and let you know right now whether you like it or not that anyone worried about rate, price, or employment should not be buying an $80k to $100k car.

What's brain dead is the level of assumptions you make about people here - it's hilarious. I have ZERO concerns about rate, price or employment, and I sure as hell did not get where I am today financially by following your brainless (not brain dead, BRAINLESS) broken record type of advice.

Again, it's amazing that you know the financial status of the general members here. I won't be enagaging any further with your inane comments about members here.

 

[emoore]

Having liquid finances amidst a recession doesn’t sound like good advice. Hmm. To each their own I guess. I’ve done just fine following that thought process for many years. I wasn’t suggesting dumping all your cash in stocks, but having funds for buying low is always the goal for those who like to invest such as myself. Just like all those that greatly benefited buying (at the right time) amidst the start of the pandemic and multiplying their investments many fold over 12-24 months.

It’s been proven that its more financially savvy to put your money in the market asap than to have “dry powder” to invest when the market is low. Dollar cost averaging is the way to go.

 

[freshpow]

I immediately received the non-sensical almost brain dead replies from literally poor people that is all too common.

“I on average get 10% on returns in my investment!”

“large down payments on hard assets is bad because Steve Harvey told me so!”

Its a broken record and I will sit on my high horse and let you know right now whether you like it or not that anyone worried about rate, price, or employment should not be buying an $80k to $100k car. You should be buying a $25k car at most.. in cash. Period. It’s not even debatable and it’s universal advice that can be applied to anyone’s situation that is entertaining financing an asset like a EV purchase price that’s this expensive. It’s a toy, it’s completely unnecessary, and if you’re asking these questions you can’t afford it. Tough love bro.

Unsolicited financial advice in this type of forum is almost always a waste of time. Some people share their advice in a genuine attempt to help others while some share just so they can feel better about themselves and “rich”. You sir are the latter and a massive d bag.

 

[Donald Stanfield]

I immediately received the non-sensical almost brain dead replies from literally poor people that is all too common.

“I on average get 10% on returns in my investment!”

“large down payments on hard assets is bad because Steve Harvey told me so!”

Its a broken record and I will sit on my high horse and let you know right now whether you like it or not that anyone worried about rate, price, or employment should not be buying an $80k to $100k car. You should be buying a $25k car at most.. in cash. Period. It’s not even debatable and it’s universal advice that can be applied to anyone’s situation that is entertaining financing an asset like a EV purchase price that’s this expensive. It’s a toy, it’s completely unnecessary, and if you’re asking these questions you can’t afford it. Tough love bro.

I personally think your advice is shit, and I am not all too worried about my financial status relative to yours. Your horse is wooden and kid sized. You know how I know, no one who actually has money brags about it online. Only people who want others to think they have money try and flex on internet strangers. I suggest get your money up to the point that you don't have to try and brag to people who don't care.

If you're running around trying to talk down to others because you think you're better off than they are you are a really big fish in a really small pond. Anyone who actually has it doesn't need to brag, the people around them already know. The fact that you try dragging on a guy who literally made a case for financing the car being the right move just shows how financially illiterate you are. How's that for some tough love bro.

 

[Donald Stanfield]

It’s been proven that its more financially savvy to put your money in the market asap than to have “dry powder” to invest when the market is low. Dollar cost averaging is the way to go.

Yes timing the market usually falls short of someone who just puts money in the market and goes long. There are always exceptions though, but usually the exceptions are day traders immersed in the market.

 

[emoore]

Yes timing the market usually falls short of someone who just puts money in the market and goes long. There are always exceptions though, but usually the exceptions are day traders immersed in the market.

Yeah the overwhelmingly majority of the time. And it’s been shown that even the best active traders can’t sustain it long term. So average investors have no chance only to hope they get lucky or just invest in index funds.

 

[R1Sky Business]

For $70,000 borrowed for 60 months, each percent difference (3% to 4%, 4% to 5%, etc) is an extra $32/month.

In any event, a recession's on the way and its gonna hurt. That'll drive down inflation and rates.

So....irrelevant.

 

[Donald Stanfield]

Yeah the overwhelmingly majority of the time. And it’s been shown that even the best active traders can’t sustain it long term. So average investors have no chance only to hope they get lucky or just invest in index funds.

Or trade based on an inside track. Then you exchange one set of problems for a bigger one in the form of the SEC. Not worth it personally but plenty of people do. I agree, just stick to index funds and go long.

 

[R1Sky Business]

No one is perfect guy. I bet if I was to analyze your life I could find something that you aren't doing right either, probably more than one thing. We all do things that are stupid in the eyes of others, and unless the people here are asking you for money you can keep your opinion too. This is coming from someone who DID pay cash for my truck.

Baller!!!!

 

[R1Sky Business]

In most years I have earned over 10% gain on my investments, some years much more, a few years lower, such as this year. I could easily pay cash for the Rivian, but I'll put ~25% down, take a 3.5% loan for 60 months, keep the rest of that portion of my cash reserve invested and make a net 6% - 7% gain per year, not including compounding, instead of paying cash for the full purchase.

"you all are the reason that repos are at an all-time high". Your generalizations are ridiculously over-generalized. It's amazing that you know so much about the financial status of the general members here!

? psychics ?

 

[R1Sky Business]

I immediately received the non-sensical almost brain dead replies from literally poor people that is all too common.

“I on average get 10% on returns in my investment!”

“large down payments on hard assets is bad because Steve Harvey told me so!”

Its a broken record and I will sit on my high horse and let you know right now whether you like it or not that anyone worried about rate, price, or employment should not be buying an $80k to $100k car. You should be buying a $25k car at most.. in cash. Period. It’s not even debatable and it’s universal advice that can be applied to anyone’s situation that is entertaining financing an asset like a EV purchase price that’s this expensive. It’s a toy, it’s completely unnecessary, and if you’re asking these questions you can’t afford it. Tough love bro.

Let's try to keep it cordial please.

 

[R1Sky Business]

Or trade based on an inside track. Then you exchange one set of problems for a bigger one in the form of the SEC. Not worth it personally but plenty of people do. I agree, just stick to index funds and go long.

But this is terrible for financial advisors making a % of your $$$$

 

[R1Sky Business]

I personally think your advice is shit, and I am not all too worried about my financial status relative to yours. Your horse is wooden and kid sized. You know how I know, no one who actually has money brags about it online. Only people who want others to think they have money try and flex on internet strangers. I suggest get your money up to the point that you don't have to try and brag to people who don't care.

If you're running around trying to talk down to others because you think you're better off than they are you are a really big fish in a really small pond. Anyone who actually has it doesn't need to brag, the people around them already know. The fact that you try dragging on a guy who literally made a case for financing the car being the right move just shows how financially illiterate you are. How's that for some tough love bro.

? drop

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