Posted by Geo-TH,In on August 20, 2019 at 04:03:18 from (50.102.16.169):
In Reply to: Solar panel update posted by philip d on August 19, 2019 at 13:59:56:
I think people that use the term "pay for itself in 10 years" is crap. I have many investments in market. Some guarantee a 6% or better annual return. 6% minimum and better if the market does more than 6%.
For the mathematically challenged, a 6% per year return means in less than 12 years your investment will be double. So in less than 12 years your $33,000 becomes $66,000.
So when something pays for itself, you better think of will it pay for the interest on money you borrow and the loan too?
18 months ago I bought a new car. It was the first time in my life (70) I didn't pay cash for a vehicle. I took out a GM 1.9% loan. I anunitized a market investment which each month it deposits a check in my checking account. GM withdraws monthly payment from checking. My market investment is paying for my car and at the same time the investment value is increasing. That's what I call paying for itself.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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