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Old 11-26-2011, 10:41 AM   #106 (permalink)
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Old 11-26-2011, 01:00 PM   #107 (permalink)
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I got a 1995 Rx7 when I graduated from high school. I will give you the same advise my dad gave me wear a condom just my .2cents
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Old 11-26-2011, 01:35 PM   #108 (permalink)
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Originally Posted by 370Zsteve View Post
Let's see...16 yrs old....has "earned $50K from playing golf at country clubs and investing in silver, gold, and palladium"...states he's being "frugal" with cash by purchasing a $35K car with intent to spend another $20K on mods....

Tell ya what. Post some links from the tournaments you've won. Surely there are some links online. Until then, I'll just sit here and laugh at other posters who actually believe you.
And i suppose you also dont believe my son has made enough money playing water polo and shorting Argentinian cattle futures that he is planning to buy an Audi R8 when he turns 16????
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Old 11-26-2011, 06:42 PM   #109 (permalink)
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And i suppose you also dont believe my son has made enough money playing water polo and shorting Argentinian cattle futures that he is planning to buy an Audi R8 when he turns 16????
Now THAT I believe in a heartbeat. I happen to know that Argentina produces the finest beef.
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Old 11-26-2011, 06:46 PM   #110 (permalink)
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Come on bro get a Ferrari 458 Italia, now that's a car you should be driving. Don't get a poor mans 370z.
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Old 11-26-2011, 06:50 PM   #111 (permalink)
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Come on bro get a Ferrari 458 Italia, now that's a car you should be driving. Don't get a poor mans 370z.
I would think that with a few more country club tournaments coming up, a down payment on a 458 Italia is a frugal idea.
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Old 11-26-2011, 07:04 PM   #112 (permalink)
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Now THAT I believe in a heartbeat. I happen to know that Argentina produces the finest beef.
I love Argentinian Beef!!!!! I once got a 1kg. steak, a couple sides and 3 beers for $25 with tip in Buenos Aires, and it was better than Ruth's Chris any day!!!!!
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Old 11-27-2011, 09:05 AM   #113 (permalink)
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I was 16 with a pontiac fierro. never totaled a car, but the fierro, then the buick i got after both died. I loved that fierro. Such a fun and sexy car....just wouldn't let anybody lean on it to make sure the body didn't fall off
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Old 11-27-2011, 09:28 AM   #114 (permalink)
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If you made money from investing in the ETFs for gold and silver, you were lucky for the runnup not smart just lucky. But remember, with gold still up 17% YTD and silver flat , commodities are very volitile at this point so watch out either for more corrections or runnups once the debt problems seem to be on there way to be solved around the world(Europe). Also , you'll pay taxes to both IRs and your state even though your still a kid, so put money aside for that. Good luck on the Z but dont get over your head. Buy the base model and go from there for the upgrades such as the stereo.
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Old 11-27-2011, 11:42 AM   #115 (permalink)
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I love Argentinian Beef!!!!! I once got a 1kg. steak, a couple sides and 3 beers for $25 with tip in Buenos Aires, and it was better than Ruth's Chris any day!!!!!
What year was that?
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Old 11-27-2011, 02:56 PM   #116 (permalink)
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I am going to get serious in this post for once instead of kidding around.

I dont know what your overall financial situation is but I certainly hope this car is not coming at the expense of a good education. Pardon me for lecturing.. i dont mean to but I have seen from my own family's experience that at a young age people tend to think short term and think the good times with money rolling in will continue forever...

That car will likely be junk in ten years but good education in preparation for tomorrow will last a lifetime...

Thats my grandfatherly lecture for today!
Now THIS is a touchy subject these days. What defines a good college education? With all the socialist, tenured professors making $400k+ to subject todays student to their personal philosophies instead of teaching critical and analytical thinking...todays Universities ARE the reeducation camps hippies used to think the right wing feds were building. Personally, Hillsdale college or Liberty University.
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Old 11-27-2011, 04:30 PM   #117 (permalink)
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Man, once you get to work on this car give us a journal, it'd be cool to see a Z with $20k dumped into it. Fast and Furious anyone?
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Old 11-27-2011, 04:52 PM   #118 (permalink)
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So according to his posts he should be getting this car tomorrow. Can't wait to see pics NissanUSA!
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Old 11-27-2011, 05:25 PM   #119 (permalink)
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Shorting futures, extremely risky, the margins alone are big $$$$$.
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Old 11-27-2011, 05:46 PM   #120 (permalink)
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Originally Posted by 370Zsteve View Post
Let's see...16 yrs old....has "earned $50K from playing golf at country clubs and investing in silver, gold, and palladium"...states he's being "frugal" with cash by purchasing a $35K car with intent to spend another $20K on mods....

Tell ya what. Post some links from the tournaments you've won. Surely there are some links online. Until then, I'll just sit here and laugh at other posters who actually believe you.
I agree. A quick search shows that at the peak of silver prices (early this year at about $50/oz), he would have had to buy in a four month span at the end of 2008, or early 2006. Which would mean this kid was investing in precious metals at either 12 years old, or 10 years old. Unless all of his money went into a fund controlled by his parents, I'm calling shenanigans on a pre-teenage kid investing $30k in metals.
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