so if you had 400$...

Post by **fKd** » Wed Jul 19, 2006 7:37 am

i've got $70.000 in savings

i win!

Post by **Captain** » Wed Jul 19, 2006 11:21 am

You put in an extra 0.

Post by **plained** » Wed Jul 19, 2006 3:23 pm

haveing moneis in the bank is such a waste when its so easy and pretty safe to use it to earn more

Post by **Canis** » Wed Jul 19, 2006 3:57 pm

fKd wrote: i've got $70.000 in savings i win!

Dont gloat, because you could easily be outdone.

Post by **tnf** » Wed Jul 19, 2006 4:16 pm

SplishSplash wrote:Unless you can start to put away money every month, spending it is the best course of action.

ToxicBug is right for once, 400$ is not enough to gain any serious interest. (cause it's not enough for risk diversification etc)

So either start putting away money every month or spend it and don't look back.

if its the only money you would ever put into the account, yea he's right. how about this - since he's got the extra money laying around, why not start a habit of taking 'some' of whatever extra cash you have an putting it somewhere. Granted, when you are in zeeko's situation, you probably aren't going to have lots of extra cash to put away, but if he gets in the habit of saving now, its going to be that much easier when he's got the cash.

Post by **Nightshade** » Wed Jul 19, 2006 5:15 pm

ToxicBug wrote:
tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.
I think it's called compound interest... anyway even at 3% per year it would be (1.03^40)*400 = $1304.82, which isn't much really, cosidering 40 years have passed...

lol, Toxic fails at math again.

Seriously, you're in college, the only real decision here is what KIND of beer you're going to spend it on...

Post by **bitWISE** » Wed Jul 19, 2006 6:34 pm

Nightshade wrote:
ToxicBug wrote:
tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.
I think it's called compound interest... anyway even at 3% per year it would be (1.03^40)*400 = $1304.82, which isn't much really, cosidering 40 years have passed...
lol, Toxic fails at math again.

Seriously, you're in college, the only real decision here is what KIND of beer you're going to spend it on...

that's so true. Although, for most there is no decision to make as all they drink is piss-water (Natural Light).

Post by **SplishSplash** » Wed Jul 19, 2006 8:05 pm

Nightshade wrote: lol, Toxic fails at math again.

Post by **zeeko** » Wed Jul 19, 2006 8:07 pm

I've decided to bank it as i should have 1500$ more by the time x-country starts... perhaps it will go towards a car/motorcycle/scooter.. When there is something that really seems appealing i will use it but i really don't feel a need for anything atm (except a small cheap scooter? :-) )

Post by **plained** » Wed Jul 19, 2006 8:09 pm

that seems pretty wise instead of senselessly blowing it.

the bank will use it to make more money tho cause thats what they do.

Post by **Captain** » Wed Jul 19, 2006 8:17 pm

heh s pretty good ey

gutta saev its better in the long run ey

Post by **tnf** » Wed Jul 19, 2006 10:02 pm

Nightshade wrote:
ToxicBug wrote:
tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.
I think it's called compound interest... anyway even at 3% per year it would be (1.03^40)*400 = $1304.82, which isn't much really, cosidering 40 years have passed...
lol, Toxic fails at math again.

Seriously, you're in college, the only real decision here is what KIND of beer you're going to spend it on...

eye, where did he exactly fail...the compound interest i calculate for yearly (1304.82), quarterly(1,322.11), monthly(1326.06) and even daily (1327.98) all comes out about what he got in terms of return in dollars.

Where he gets mistaken is looking at this $400 as a one time stand alone investment rather than seed money to start a saving habit.

its entirely possible I'm overlooking something though in my calculations as I suck at finances.

Post by **LawL** » Wed Jul 19, 2006 11:32 pm

Post by **fKd** » Thu Jul 20, 2006 3:56 am

im using it for a world tour... and investing the rest

smart aye?

Post by **tnf** » Thu Jul 20, 2006 3:57 am

I knew it.

Post by ek » Thu Jul 20, 2006 6:10 am

i dont think NS meant it literally, but dont just blow cash for the hell of it. save!

Post by **4g3nt_Smith** » Thu Jul 20, 2006 6:10 am

Nightshade wrote:
ToxicBug wrote:
tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.
I think it's called compound interest... anyway even at 3% per year it would be (1.03^40)*400 = $1304.82, which isn't much really, cosidering 40 years have passed...
lol, Toxic fails at math again.

Seriously, you're in college, the only real decision here is what KIND of beer you're going to spend it on...

Fuck beer, $400 would buy tons of bottom-shelf, rot-gut vodka.

Post by **tnf** » Thu Jul 20, 2006 2:59 pm

ek wrote:i dont think NS meant it literally, but dont just blow cash for the hell of it. save!

I think you're right there...failing at math for even considering using the money for anything but beer.

Post by **bitWISE** » Thu Jul 20, 2006 3:20 pm

tnf wrote:
ek wrote:i dont think NS meant it literally, but dont just blow cash for the hell of it. save!
I think you're right there...failing at math for even considering using the money for anything but beer.

693 cans of natural light could be purchased with $400

Post by **mrd** » Thu Jul 20, 2006 3:23 pm

What the gay is Natural Light? Water?

Post by **bitWISE** » Thu Jul 20, 2006 3:31 pm

mrd wrote:What the gay is Natural Light? Water?

Yeah, its the worst beer ever. Bud Light is an upgrade from Natural Light.

Post by **mrd** » Thu Jul 20, 2006 3:42 pm

haha.. most popular American beer is horrible. A lot of my buddies drink Budweiser and that kinda crap. Yeck. I usually try and experiment with some of the micro-breweries. Every now and then you'll get a real good one.

Post by **Nightshade** » Thu Jul 20, 2006 3:48 pm

tnf wrote:
ek wrote:i dont think NS meant it literally, but dont just blow cash for the hell of it. save!
I think you're right there...failing at math for even considering using the money for anything but beer.

No, I missed the '1' in his '1.03'.

edit: And I was thinking of the continuous compound interest equation. P = Ce^rt

Post by **bitWISE** » Thu Jul 20, 2006 4:20 pm

mrd wrote:haha.. most popular American beer is horrible. A lot of my buddies drink Budweiser and that kinda crap. Yeck. I usually try and experiment with some of the micro-breweries. Every now and then you'll get a real good one.

I'll drink Bud Select as a last resort or if I'm doing heavy drinking at a party but otherwise I go for better stuff. I'm a big fan of lagers and ales. New Castle and Fat Tire are what I typically ask for.

Post by **[xeno]Julios** » Thu Jul 20, 2006 4:53 pm

Tsakali_ wrote:
[xeno]Julios wrote:i honestly can't think of anything i really want right now... maybe enjoy a month of high quality organic meat...
yeah but can you really taste the difference or is it all about the lack of steroids?

yea the diff is incredible. I bought some organic beef and chicken for a bbq a few wknds ago, and nobody could believe how good it tasted - specially the chicken - so fuckin succulent.

the animals are not given steroids, hormones, or antibiotics. They're free range and the food they eat is organic.