c32AMGUK

Hey Guys,

Just thought I would ask if you guys have checked out the other threads relating to the other AMG models.

I got bored last night and thought I would have a browse, i was gobsmacked, some of the guys on the S Class threads have MEGA £££££ $$$$$ !!!!!

Go check out the threads, the cars and houses are crazy, its good to see hoe the other half live !!!

Happy reading !!

Corrosive

Its to be expected that they have some cash; I have not checked but could be a good read if I get bored.

drallafi

We will have it someday too. What do you think they drove when they were our age? Muahahahahaha.

Actually, come to think of it, they probably drove beaters and saved/invested their money, which is why they're rich now.

sloanben

$35,000 conservatively invested in an index fund returning 10% annually at age 30 will give you about a million dollars when you retire at age 65. Anyone young spending very much on cars is forgoing a lot in their retirement!

loudandheard

I checked it out after I read your post and one of the guys was showing his new s65. One guy asked him what he was doing with 400k dollars worth of cars and his a private jet while still living in such a humble abode. Apparently the guy was kind of embarrassed having a house(600k) which was worth almost as much as his cars. So now he's looking for a house in the 3.5 million dollar range. I can't wait till I get to that point in my life, lol.

jgsx

It's important to enjoy your ENTIRE life. I'd much rather have nice toys while I'm young than be a penny pincher until retirement, only to end up some old creepy guy with a lot of money.

loudandheard

I agree completely. I mean, I could enjoy myslef today and save another day and \not have to worry about sacrificing. I just may be older when I retire, but who wants to be stuck at home all day with nothing to do.

c32AMGUK

Hey, Your flippin right, we enjoy our money when we get it !! You hit that right on !! I am too young to think about tomorrow !

c32AMGUK

Oh, that S65 guy, his thread is the best thing I have read in ages, most of the thread isnt even about car's its so funny,it turns into a free for all after a while, about who has the most money, so sssaaadddd !!!

scrwmpwr

i have no desire to be the richest stiff in the graveyard either

c32AMGUK

Oh me again, something my dad told me, those who bragg about how much money they have, have no money at all.
The richest people i know look homeless !!

OPM

Words like, “conservatively invested” and “10% annually” should not be in the same phrase. Historically, 5-6% might qualify as returns for conservative investments. And that would only yield a few hundred thousand. Note, this is pretax nominal return. If you account for inflation you’ll be lucky to consistently gain 3% over 35 years while invested in “conservative” assets. After giving Uncle Sam his dues you’ll have just enough money to buy a bagel with cream-cheese.

2K6E55

What if you die tomorrow? Can you take your money with you?

c32AMG-DTM

+1

I was going to write almost the exact same thing when I read this post - you beat me to it...

sloanben

The S&P500 (a conservative investment) averages about 10% if you include dividends. Nothing much you can do about inflation and taxes. You'll have a million bucks but it won't buy you as much and you'll owe some taxes if you sell your stock. The magic of compound interest makes saving before age 35 critical to retirement scenarios because your investments can go to the moon in the last decade or so if you are not spending them.

c32AMG-DTM

so, going completely OT from the original post...

sloanben,

The S&P 500 is NOT a conservative investment. By definition, someone investing all of their assets in the S&P 500 has a portfolio allocation of 100% equities - and arguably not well diversified, since it's only 1 asset class (Large-Cap Core, or Large-Cap Blend, depending on which term you like). No investor or investment professional in their right mind would consider a 100% equity portfolio "conservative." Conservative investments are stable-value funds, money markets, bonds or bond funds (esp. short-term), etc.

That being said, I agree that it's important for people to save - the savings rate here in the U.S. is pathetically low - however call a spade a spade... equity investing is aggressive, not conservative. That same $35k you mentioned, put in the S&P 500 in late 99, would've been worth about $18k in the middle of 2002, and not until just recently would've climbed slightly above $35k, 7.5 years later...

and now, back to our originally-scheduled programming... S65 AMG owners are RICH.

Quicktwinturbo

this thread sux...

There are ballas EVERYWHERE..

OPM

+1

Haha... you beat me to it.

360_iti

+1.
I've seen better. And what's up with him asking 3 times if everybody had seen his S65??

I personally like yellowenzo123's collection better
https://mbworld.org/forums/attachmen...3&d=1162986193

As well as magwheel's
https://mbworld.org/forums/attachmen...2&d=1145614784

rwdforlife

LOL. this just killed the thread...