Does MB financing have pre-payment penalty - Page 2 - Mercedes-Benz Forum

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post #11 of 15 (permalink) Old 08-19-2014, 12:51 AM
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You wouldn't mind to share cash investment secret?
CD so far pay less than 1 %

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post #12 of 15 (permalink) Old 08-19-2014, 02:27 AM
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No secret. I have been incredibly lucky. I held on to it all after the market tanked a few years ago and now it is even higher. If the market had not tanked it would be closer to 20%. I bought Apple when it was down to $13. I got in Google's IPO and then stuck with blue chips like Mobil-Exxon, Alcoa, Us Steel and some Asian stuff like Samsung. There are a few that are only pulling 3-4% but the biggies have really done very well. There is also a a little bit in gold I bought in 1989 with our wedding present money. I learned from my father I have to stay in for the long haul. If I had panic sold like so many others I would not have a retirement fund or college fund for my kids. Both of which are also great tax helpers. Roth funds are where all the capital gains go if anything is sold or there is windfall money from extra work.
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post #13 of 15 (permalink) Old 08-19-2014, 10:54 AM
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Well... I have those discussion with my father for decades.
He put his money into stock, I invest in real estate.
He is easy to admit to gain $4000 overnight, but somehow when he looses $200,000 overnight, he admits that months later.
Real estate suffered as well. The property I bought for $200k about 20 years ago is worth only $600k today.
Anyway, from the original question I understand that the loan is going to be paid off pretty soon this way, or the other so no financial gain is possible by holding the money, unless there is a penalty for cash withdraw

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post #14 of 15 (permalink) Old 08-19-2014, 12:55 PM
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Bernie, is that you?
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post #15 of 15 (permalink) Old 08-19-2014, 02:11 PM
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Quote:
Originally Posted by Kajtek1 View Post
Well... I have those discussion with my father for decades.
He put his money into stock, I invest in real estate.
He is easy to admit to gain $4000 overnight, but somehow when he looses $200,000 overnight, he admits that months later.
Real estate suffered as well. The property I bought for $200k about 20 years ago is worth only $600k today.
Anyway, from the original question I understand that the loan is going to be paid off pretty soon this way, or the other so no financial gain is possible by holding the money, unless there is a penalty for cash withdraw
I like real estate also. The good thing about land is that they are not making much more of it (except in Dubai and the Tokyo airport).
We bought an old dairy farm. Sold off 180 acres that is now developed into 5 acre lots and kept almost 20 acres for our horses and our home. We did it just before the bubble started to raise prices and bought the land at farm pricing (not developed land pricing). Now the 20 acres we kept is worth more than the original purchase price we paid for all of it in the 90s.
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