(Topic ID: 252083)

Cash, Credit, or Trade?

By AFM95

4 years ago


Topic Heartbeat

Topic Stats

  • 50 posts
  • 32 Pinsiders participating
  • Latest reply 4 years ago by PW79
  • No one calls this topic a favorite

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    Topic poll

    “When obtaining a pin, how are you typically financing it?”

    • Cash 118 votes
      84%
    • Credit Card 6 votes
      4%
    • Trade 2 votes
      1%
    • Trade +/- Cash 15 votes
      11%

    (141 votes)

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    #38 4 years ago

    If you still have a mortgage you didn’t really pay cash for that pinball machine.

    If you’re 100% debt free except the house then just be aware the cash you have on hand is effectively rented @ the rate of your mortgage.

    Your mortgage is a bond. A bond is a debt instrument. Your interest rate paid is their yield. “They” is not the bank, it’s the fed (sorta). So weird. We buy government bonds to diversify then we issue the government a bond, at a higher rate. Doh!

    I usually trade clams & furs for my games. “Cause that’s how they get ya”

    #48 4 years ago
    Quoted from Wmsfan-GAP:

    I do have a mortgage because the return on my investments is much higher than my interest rate. Makes more sense for me to make money than pay off the mortgage.

    Oh, well you should finance everything then. Pinballs, toilet paper, everything. Why leave all that guarenteed money on the table? Refi cash out & leverage!

    Investing includes diversification

    Diversification includes bonds

    Bonds = debt instruments

    Your mortgage = bonds

    The day your bond holding exceeds your mortgage balance you may change your thinking?

    But I'm prolly gonna trade TWD towards JP then cash flow the rest. And Elvira. And TMNT. And Bill & Ted.

    Shit. I'm in trouble!

    #50 4 years ago

    Man, that dude sorta resembles Gary

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