/biz/ - Business & Finance

[Anonymous No.54174229]

>he isn't credmaxxing right now

[Anonymous No.54174282]

I bought a car at 2.9% APR last year and am getting 4.4% yield in a MM account on the cash I would have spent on the car
Checkmate jews

[Anonymous No.54174311]

Shouldn't you wait for the rates to go down first?

[Anonymous No.54174352]

>>54174282
>8% inflation comes in your path

[Anonymous No.54174538]

>>54174352
right I should have been in equities so I could enjoy a 20%+ drawdown plus however bad the next leg down will be
no thanks bro

[Anonymous No.54174835]

>>54174282
nigger, I bought a car at 0% APR

[Anonymous No.54174865]

>>54174229
>Lever yourself in to assets that are going to drop in price

huh

[Anonymous No.54174880]

A lot of people are credmaxxing, and it isn't by choice.

[Anonymous No.54174897]

>>54174229
>whoa it will be harder to be enslaved with debt by the tribe in the near future
>better get in now while I can
Americans everybody

[Anonymous No.54174901]

>>54174835
when? pre 2021 I'm sure. nigger

[Anonymous No.54174911]

>>54174229
i owe 9k on a cc now what

[Anonymous No.54174946]

>>54174901
nah it was early 2022, nigger. it's currently an appreciating asset for some fucking clown world reason

[Anonymous No.54174964]

>>54174946
hell yeah nigger. what car? I got a 392 widebody chally

[Anonymous No.54174979]

>>54174964
goddamn nigger, that's a fine ass choice of a car. I got a 392 charger. I'm thinking we both might be actual niggers

[Anonymous No.54175032]

>>54174979
HAHAHAHAHHAHAHAHAHAHHA

[Anonymous No.54175070]

>>54174979
that's amazing. made my day desu. enjoy it my brother from another mother

[Anonymous No.54175122]

DebtMaxx chads win again

[Anonymous No.54175168]

>>54175032
>>54175070
thanks, fellow hemi bro. enjoy your majestic beast of a machine as well.

[Anonymous No.54175246]

>>54175168
i have a hemi on a 0% loan but it's just an r/t
at least whichever bank holds my loan has lost thousands on it now that rates are up and i have a low payment kek

[Anonymous No.54175290]

>>54175168
the 392 is pure fucking sex. makes me smile every time I start it up

[Anonymous No.54175315]

>>54174352
so? 4.4% MM is literally the best performing investment right now. NOTHING was an inflation hedge. imagine that

[Anonymous No.54175347]

>>54174282
>NOOOOO, YOU HAVE TO PAY ALL CASH. YOU CANNOT MAKE MONEY WITH THE CASH YOU SAVED WITH A GOOD RATE

[Anonymous No.54175593]

>>54175347
I stopped trying to educate /o/tists on rate arbitrage and how debt can be a useful tool if you're smart and have a healthy & steady income stream

[Anonymous No.54176056]

>>54175122
Debtmaxxer have terrible credit scores, it's a loss for them.

[Anonymous No.54176135]

>>54174229
These debt maxing people fell for the meme, we're entering a deflationary bust you retards, not hyper inflation, have fun starving when you can't get a loan to buy food

[Anonymous No.54176180]

>>54175593
Would you kindly tell me ? I'm guessing inflation > apy means you're technically saving money ?

[Anonymous No.54176228]

>>54176135
When all the loans default, the debt maxers win because they can pay it off for pennies on the dollar

[Anonymous No.54176302]

>>54176135
>you need to take out a mortgage to afford a hamburger these days

explain why we aren't rioting yet

[Anonymous No.54176357]

>>54176180
opportunity cost - if I can take out a loan at 3% and achieve a nearly risk free return of 5%, why would I not take the loan and enjoy 2% arbitrage?

[Anonymous No.54176410]

>>54176357
But what could you do to achieve that risk free return ? And mortgages and car loans are expensive af right now in my country. Credit card has ~20% apy and no cash back too.
Was thinking to buy a house after the inevitable crash, but probably the interest is gonna be like 8-15%. . .
>t eurofag

[Anonymous No.54176448]

>>54175168
>>54175246
>>54174979
>>54174964
I’m a fan of Dodge myself

Final car I’ll add to my collection is a hellcat Redeye

[Anonymous No.54176513]

I still have 7k in credit card debt. Should I just make the minimum payments? I already own my home and car outright.

[Anonymous No.54176577]

>>54176410
T-bills, ibonds, money market accounts. I dunno what eurofags do lol

[Anonymous No.54176600]

>>54176448
>hellcat redeye
that's a dream car right there, best to grab one before the jews completely ban us from buying ICE cars

[Anonymous No.54176605]

>>54176513
Don't you lose a lot of money by only making the minimum payments ? I guess you gotta pay 5% of 7k so like 350 per month ?

[Anonymous No.54176618]

What is the point of credmaxxing? The monthly interest is insane right now. How is that considered a good thing when you have to pay interest on top of you monthly cc bill? Sounds stupid to max out unless I'm missing something?

[Anonymous No.54176629]

>>54176577
Idk about others but I shit and piss and cry when my stocks go red. Also some crypto, but I gotta pay half my profits in tax lmao

[Anonymous No.54176663]

>>54176448
Any time I see one of these things it's some zoomer nigger driving it and I just assume all drivers of these cars are retarded and can't even afford it

[Anonymous No.54176682]

>>54176663
Yes but in 10 years only the well maintained ones owned by whites will remain and the stigma will be gone.

[Anonymous No.54176784]

>>54176682
Yeah, I guess so
Still not my style but I guess it's possible they may hold some value over time

[Anonymous No.54176785]

>>54174282
Or you could have just put all the money in the MM fund initially and then waited a bit longer then bought the car with cash to avoid the interest altogether. If the car was too expensive to that you are shopping for cars wrong. No reason to ever pay over 8000 for a vehicle even right now with the car market absolutely fucked.

[Anonymous No.54176813]

>>54176784
they will do very well. a 6 speed high trim chally that has been well maintained will command high prices, especially post 2014 models. They win't make 'em anymore after this year sonny boy

[Anonymous No.54176831]

>>54176785
I needed a car, your argument is dumb.
I could have bought the car 4x over with cash.

[Anonymous No.54176877]

>>54176813
I'm not a muscle car guy, I'm a Lexus guy and would want a Porsche 911 when I'm less poor but I guess I will be less judging of those cars now

[Anonymous No.54176908]

>>54176877
I'm going to own a 911 one day. But that day is 10+ years away at this point.

[Anonymous No.54177046]

>>54176618
Yes, you are missing a peice of it. Listen to Sam Hyde explain it here:
https://youtube.com/watch?v=5LDT-m_6mZ4&si=EnSIkaIECMiOmarE

[Anonymous No.54177405]

>>54176663
But anon I’m white and my cars are all paid for and we’ll maintained

[Anonymous No.54177464]

>>54174911
Pay it off nigger

[Anonymous No.54177704]

>>54175593
those cucks think the 13second hell car of the BRZ is a good buy. They cannot be helped.

They also seethe about motorcycles 24/7. It's a disease

[Anonymous No.54177713]

>>54177405
Cool but you don't have this exact post printed out on a giant poster board and taped to your car, people just glance at you and go "What a retard", and keep driving

[Anonymous No.54177800]

>>54176056
can’t you just consolidate your debt later into one quarter priced payment and boost your credit score in under a year with pre deposit credit cards like the ones banks provide?

[Anonymous No.54177838]

>>54177713
It is really blue, like surreally blue also I saw a dominos pizza guy driving a white version of it the other day

[Anonymous No.54178192]

>>54177838
It’s c5 pearl blue, kinda harder to find color.

[Anonymous No.54178465]

>>54178192
Oooo it’s not my taste but rare colors are always dope though

[Anonymous No.54178503]

>>54177405
Must be nice to be a richfaggot tranny iphone nigger.
Kys you aren't white.
You're a nigger consumer with nigger tastes just dye your skin black already nigger.

[Anonymous No.54178537]

>>54176448
Look buddy sell the nigger cars and the iphone and we can talk, also Texas eh?
I'm coming down to texas here soon to look at my mineral fields.