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I have a friend who drives a Tesla ... I say 'so what?!'


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2018 Aug 20, 1:52pm   8,155 views  43 comments

by Rin   ➕follow (8)   💰tip   ignore  

As you know, I'm semi-retired from hedge fund work. I now consult back to my old firm, in return for free livery & lodging, wherever I go, advocating for my firm.

In the past few years, I have a friend with a wife and kids, and he bought himself a Tesla. And realize, this guy doesn't have enough money saved for his kids' college a/o medical/grad school educations. In other words, he's pulled from his potential eggs nest, to enjoy himself today.

Ok, the car makes no noise on the road and looks sporty ... but so what?

In contrast, I'm being driven around, in a back of a limo, reading/studying or watching some videos. I get to relax and let someone else take me around, picking up specialty foods from all different shops across New England, while my friend who's "trendy", gets to be like everyone else, stuck in traffic, getting from point A to point B.

Seriously, I don't get it.

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41   Rin   2018 Aug 22, 4:08pm  

Goran_K says
what did you think of this video from TGS 2018 in Japan?


Yup, it's looking good! Imagine what they'd be like come 2028?
42   curious2   2018 Aug 22, 5:19pm  

APOCALYPSEFUCKisShostikovitch says
curious2 says
APOCALYPSEFUCKisShostikovitch says
1981 Olds Cutless.


AF, someone might have sold you an imitation Cutlass. You know what to do next.


It's real. You can tell by the billow of blue smoke that oozes through the firewall.


OK, but why the misspelling of Cutlass and, for that matter, Shostakovich? Are you trying to hide your towering intellect from the zombies who want to feast on your oversized brain? Or is this part of the disinformation campaign to fool the Google?
43   Rin   2018 Dec 26, 10:54am  

I just checked my dividend earnings statement. This year, I came close to clearing $240K in dividend income alone. The amount of actual work needed for that income stream was nearly ~0% of my time, half of which is tax deferred, and I'd used business expenses to offset the other stuff, and I use my consulting earnings to pay the additional taxes.

Plus, I have no cap gain losses as I'd eliminated the high debt blue chips in late August prior to the sell off.

Ok, so what's the purpose of stating the above?

I can easily buy a Tesla or a Porsche or even a Lamborghini, if I really wanted to ... in cash.

And why don't I do that?

Because by re-investing my dividends into blue chips ... in a decade's time, I'll have an income stream of over $400K since blue chips raise dividends, even by a meager amount on a periodic basis, along with the compounding effect.

http://www.dividend-calculator.com/quarterly.php

Now, if I wanted to go for a joyride, I can plunk down the cash for a weekend spin in a luxury sport cars for a grand plus fees.

https://www.gothamdreamcars.com/exotic-car-rental

And really, that's all that I'd want because in reality, I enjoy being driven around by my driver, instead being some gearhead, in love with his cars. Vehicles are for transportation.

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