Would you borrow your own money to buy...
afterburnt
Posts: 7,892
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afterburnt wrote: »A pair of nice speakers?
Are you talking about taking from savings?2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
Gone to new homes: (Matt Polk's)Threshold Stasis SA12e monoblocks, Pass XA30.5 amp, Usher MD2 speakers, Dynaudio C4 platinum speakers, Modwright LS100 (voltz), Simaudio 780D DAC
erat interfectorem cesar et **** dictatorem dicere a -
I bought my 2.3tls and my Clearaudio TT, with savings paid it all back intrest free in a year, they came up at a time when buying them at that time was necessary as they wouldn't of been available at a later time.
If it's some thing that will be around in a long enough time then start saving if you can't wait borrow with the intent of paying it back, borrow don't take.Home Theater
Parasound Halo A 31 OnkyoTX-NR838 Sony XBR55X850B 55" 4K RtiA9 Fronts CsiA6 Center RtiA3 Rears FxiA6 Side Surrounds Dual Psw 111's Oppo 105D Signal Ultra Speaker Cables & IC's Signal Magic Power Cable Technics SL Q300 Panamax MR4300 Audioquest Chocolate HDMI Cables Audioquest Forest USB Cable
2 Channel
Adcom 555II Vincent SA-T1 Marantz SA 15S2 Denon DR-M11 Clearaudio Bluemotion SDA 2.3tl's (Z) edition MIT Terminator II Speaker Cables & IC's Adcom 545II Adcom Gtp-450 Marantz CD5004 Technics M245X SDA 2B's, SDA CRS+
Stuff for the Head
JD LABS C5 Headphone Amplifier, Sennheiser HD 598, Polk Audio Buckle, Polk Audio Hinge, Velodyne vPulse, Bose IE2, Sennheiser CX 200 Street II, Sennheiser MX 365
Shower & Off the beaten path Rigs
Polk Audio Boom Swimmer, Polk Audio Urchin
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It's not lending if it's already your money. That's just called spending your money.afterburnt wrote: »They didn't speak a word of English, they were from South Carolina.
Village Idiot of Club Polk -
If you have no intentions of replacing it's called spending, if your intentions are replacing it then your borrowing.Home Theater
Parasound Halo A 31 OnkyoTX-NR838 Sony XBR55X850B 55" 4K RtiA9 Fronts CsiA6 Center RtiA3 Rears FxiA6 Side Surrounds Dual Psw 111's Oppo 105D Signal Ultra Speaker Cables & IC's Signal Magic Power Cable Technics SL Q300 Panamax MR4300 Audioquest Chocolate HDMI Cables Audioquest Forest USB Cable
2 Channel
Adcom 555II Vincent SA-T1 Marantz SA 15S2 Denon DR-M11 Clearaudio Bluemotion SDA 2.3tl's (Z) edition MIT Terminator II Speaker Cables & IC's Adcom 545II Adcom Gtp-450 Marantz CD5004 Technics M245X SDA 2B's, SDA CRS+
Stuff for the Head
JD LABS C5 Headphone Amplifier, Sennheiser HD 598, Polk Audio Buckle, Polk Audio Hinge, Velodyne vPulse, Bose IE2, Sennheiser CX 200 Street II, Sennheiser MX 365
Shower & Off the beaten path Rigs
Polk Audio Boom Swimmer, Polk Audio Urchin -
i do 401k loans all the time.Amplifiers: Norma IPA 140, MasterSound Compact 845, Ayre v6xe, Consonance Cyber 800
Preamp: deHavilland Ultraverve 3
Dac: Sonnet Morpheus 2, Musical Paradise mp-d2 mkIII
Transport: Jay's Audio CDT2 mk2, Lumin U1 mini
Speakers: Rosso Fiorentino Volterra II
Speaker Cables: Crystal Clear Magnum Opus 2, Organic Audio Organic Reference 2
Interconnects: Crystal Clear Magnum Opus 2, Argento Organic Reference 2, Argento Organic 2
Power Cables: Argento Organic Reference, Synergistic Research Foundation 10 and 12 ga.
Digital cables: Crystal Clear Magnum Opus 2 bnc, Tellurium Q aes, Silnote Audio Poseidon Signature 2 bnc
Puritan PSM156 -
I pay cash for everything, and then start saving again to replace. Now if the question was "Would you spend your retirement savings for stereo gear?" then the answer is yes. I will just postpone retiring for a few years. LOL.Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits. -
So if you borrow money from yourself and don't pay it back... who do you get to break your legs?
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I pay cash for everything, and then start saving again to replace. Now if the question was "Would you spend your retirement savings for stereo gear?" then the answer is yes. I will just postpone retiring for a few years. LOL.
I have no idea if you recall but this is exactly how this bender started. I was on track to retire November of last year but then decided to go for the 30 year bonus (about 20% more) which is now 3 years and 2 months out. This gave me a lot of room to play. Anyway, I am afraid of dying (or goin deef) before I get my speakers lol.
Fact is I can borrow from my personal retirement fund (nothing to do with the above bonus) having to pay it back plus interest to myself. What would Heyzues do? -
afterburnt wrote: »I pay cash for everything, and then start saving again to replace. Now if the question was "Would you spend your retirement savings for stereo gear?" then the answer is yes. I will just postpone retiring for a few years. LOL.
I have no idea if you recall but this is exactly how this bender started. I was on track to retire November of last year but then decided to go for the 30 year bonus (about 20% more) which is now 3 years and 2 months out. This gave me a lot of room to play. Anyway, I am afraid of dying (or goin deef) before I get my speakers lol.
Fact is I can borrow from my personal retirement fund (nothing to do with the above bonus) having to pay it back plus interest to myself. What would Heyzues do?
Decisions, decisions. I am 67 and know I won't live forever. At this point my health and hearing are fine, so I figured what the heck. I may as well get my final system now and enjoy it.
Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits. -
Borrow my own money? No. Take funds that I have earned? AbsoF'nlutely!
Without a doubt.
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
It is money that I have earned. I am with Bud on this, no one lives forever. I have one thing that I really dig and it's the sounds. BTW my ol lady is walking out on me as we speak. **** it, my tunes never did me wrong.
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Gatecrasher wrote: »So if you borrow money from yourself and don't pay it back... who do you get to break your legs?
Tony! I hear he gives a discount if he gets to break both. -
It's not lending if it's already your money. That's just called spending your money.
Well, it could be -- one may borrow against one's principal (or, as other's have mentioned, against one's retirement savings). The former may make a lot of sense if the net cost of self financing (there's always some) is low. The latter is probably better reserved for fairly dire circumstances.
As an example (sort of): We self-financed the construction of our NH house against our investments, then paid ourselves back when we sold the MA house. Beats making a construction loan or a mortgage against the new construction, especially for a transient loan (there was essentially no paperwork involved, at least the way we did it).
If you take a minute to calculate the long-term impact of spending your principal now, you'd probably never buy anything!
Here's a "future value of a present sum" calculator if you want to play with some numbers.
http://www.calculatorsoup.com/calculators/financial/future-value-investment-calculator.php
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You can't take it with you, so enjoy it while if you can.Anaheim Hills CA,
HT 5.1: Anthem MRX 720 / BDP-Denon DBT1713UD / Polkaudio LSiM703 / W4S mAmp's / Polkaudio LSiM706c / Polkaudio LSiM702F/X's / SVS PC12-NSD / Panasonic TC P55VT30
2 Channel: Rogue RP-5 / WireWorld Electra power cord / Marantz TT-15S1/ Ortofon - Quintet Black MC / Marantz NA8005 DAC / W4S mAmp's / Synology DS 216+ll-4TB / Polkaudio LSiM703 -
If I do borrow from my account the terms a something like 3.5% interest and a processing fee of no more than 50 bucks. Basically, I would be borrowing about 1.5% of the portfolio and the way that it is structured the funds would be at least 90% from a stable value fund that doesnt have a high rate for return, I am not sure but it's probably 2% ish.
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If this means what I think it means ....BTW my ol lady is walking out on me as we speak. **** it, my tunes never did me wrong.
.... then another factor may come into play. The "What's mine is mine, and what's yours is mine" scenario.
Don't know, don't need to know, but ... just a thought. Don't ask me how I know.
Sal Palooza -
Who are you and what have you done with the real Bruce?!?afterburnt wrote: »If I do borrow from my account the terms a something like 3.5% interest and a processing fee of no more than 50 bucks. Basically, I would be borrowing about 1.5% of the portfolio and the way that it is structured the funds would be at least 90% from a stable value fund that doesn't have a high rate for return, I am not sure but it's probably 2% ish.I disabled signatures.
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Who are you and what have you done with the real Bruce?!?afterburnt wrote: »If I do borrow from my account the terms a something like 3.5% interest and a processing fee of no more than 50 bucks. Basically, I would be borrowing about 1.5% of the portfolio and the way that it is structured the funds would be at least 90% from a stable value fund that doesn't have a high rate for return, I am not sure but it's probably 2% ish.
I am not well, was that cogent or something?
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mrbigbluelight wrote: »If this means what I think it means ....BTW my ol lady is walking out on me as we speak. **** it, my tunes never did me wrong.
.... then another factor may come into play. The "What's mine is mine, and what's yours is mine" scenario.
Don't know, don't need to know, but ... just a thought. Don't ask me how I know.
She was my fiance, so that's not a factor if that's what you mean -
If your only earning 2%, you need a new fund.
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Three words my friend.....Interest Free Financing. Music Direct or Audio Advisor. I don't use the 401k loan unless it's an emergency type deal....but that's just me.
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Reminded me of that scene from Old School where Wil Ferrell is in a debate.afterburnt wrote: »I am not well, was that cogent or something?
https://youtu.be/etBRqzt7OqY I disabled signatures. -
If your only earning 2%, you need a new fund.
It's a stable value fund, it's not supposed to make money lol. It's only a portion of a highly diversified portfolio which I have. Intentionally structured so if I were to borrow from it that the monies would come from the stable value fund and not the various equities and other securities in the porfolio..
"When B.H. Horton speaks people listen"
Portfolio rhymes with Cornholio uh uh huh huh -
NO, if you are forced to borrow money even from yourself, then it better be for something important, and speakers are NOT it!
You obviously have very mixed up priorities as to what is important. Your ex is one smart woman for walking out. Saves a lot of aggravation for her down the line.afterburnt wrote: »Would you borrow your own money to buy...A pair of nice speakers?
Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2 -
well that's not niceNO, if you are forced to borrow money even from yourself, then it better be for something important, and speakers are NOT it!
You obviously have very mixed up priorities as to what is important. Your ex is one smart woman for walking out. Saves a lot of aggravation for her down the line.afterburnt wrote: »Would you borrow your own money to buy...A pair of nice speakers?
Cfrizz: if you were my husband I would poison you
Afterburt: if you were my wife I would surely take it
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Dayum Cathy!
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2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
Gone to new homes: (Matt Polk's)Threshold Stasis SA12e monoblocks, Pass XA30.5 amp, Usher MD2 speakers, Dynaudio C4 platinum speakers, Modwright LS100 (voltz), Simaudio 780D DAC
erat interfectorem cesar et **** dictatorem dicere a -
ken brydson wrote: »
Why I have been off of the pipe for three day's! -
I call them as I see them.
Speakers are in the "I want" category, not the "necessity" catagory. Borrowing money should be reserved for necessities not wants.
A good many people never figure this out and then end up in debt up to their eyeballs, or working until they drop dead because they never figured this important life lesson out.afterburnt wrote: »
well that's not niceNO, if you are forced to borrow money even from yourself, then it better be for something important, and speakers are NOT it!
You obviously have very mixed up priorities as to what is important. Your ex is one smart woman for walking out. Saves a lot of aggravation for her down the line.afterburnt wrote: »Would you borrow your own money to buy...A pair of nice speakers?
Cfrizz: if you were my husband I would poison you
Afterburt: if you were my wife I would surely take it
Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2
