Corrected: Toys R Us to shutdown all stores

[dank69]

I would have thought that toys would be one thing you want to see in person before purchasing. Though I have no idea if toys are still popular and if kids still actually want them.

Seemed like a few years ago around Christmas there was always a mad rush to get the hottest new toy for your kid before they sold out...

Are there other toy stores? I wonder what kind of ripple effect this will have on toy manufacturers?

Nah, I can look at pictures of the box on Amazon just as well as I can look at them in the store. Not going to pay 50% more and have to put on pants.

 

[dank69]

Oh please, like Dims don't pander to (especially) minority congregations. No Dim has any problem with religion when they win. It's only this 4 or 8 years of sad sack bullshit when you lose you pretend it never helps the Dims.

Obviously my point went over your head. You can entertain us further by telling us all the things Hillary did wrong while you are here.

 

[Ventanni]

Elaborate. Seriously. I'm curious.

Chalk this up to general principle and not exact science, but it basically works like this. I can buy an $18k car using a car loan. I put down $1500 of my own cast and take out a loan for the rest ($16.5k). With a 5% interest rate I'll end up spending just over $19k for a $16.5k original loan value. Or, I can take that $1500 initial investment and put it into a mutual fund. I can then fund it monthly at the same amount I would have paid on the car loan (~$263 per month) over 6 years, and even with the same 5% interest rate, which is rather low for a mutual fund, I'll end up with about $24.5k in the end. So I would have spent about $19k for $24.5k in total value.

Obviously, rates of return and interest rates and market fluctuations and all that jazz vary, but you get the gist. I can fund a mutual fund for a few years, earn money on it, pay my taxes on the gains, pay for the car outright, and still have cash leftover. Or, I can take a loan out and lose money throughout the whole process. And yes, I can lose money in a mutual fund too, but would you rather put your money into something that's always, always, always going to be a loss, or would you rather put your money into something that's almost always going to be a gain? Heck, even putting the money into a savings account would still save me money, because I would fund that same $19k for an $18k car.

I realize this is a very, very generalized viewpoint of it all, but it works, and the key to all of it is just being patient. Put enough money into a mutual fund over a long enough time, and suddenly you'll find yourself able to pay for new cars, new HVAC units, new roofs, new kitchen remodels, and all those major shiny new toy purchases through capital gains alone. The banks know exactly what they're doing by offering you loan terms on that mattress you just bought.

 

[dank69]

Chalk this up to general principle and not exact science, but it basically works like this. I can buy an $18k car using a car loan. I put down $1500 of my own cast and take out a loan for the rest ($16.5k). With a 5% interest rate I'll end up spending just over $19k for a $16.5k original loan value. Or, I can take that $1500 initial investment and put it into a mutual fund. I can then fund it monthly at the same amount I would have paid on the car loan (~$263 per month) over 6 years, and even with the same 5% interest rate, which is rather low for a mutual fund, I'll end up with about $24.5k in the end. So I would have spent about $19k for $24.5k in total value.

Obviously, rates of return and interest rates and market fluctuations and all that jazz vary, but you get the gist. I can fund a mutual fund for a few years, earn money on it, pay my taxes on the gains, pay for the car outright, and still have cash leftover. Or, I can take a loan out and lose money throughout the whole process. And yes, I can lose money in a mutual fund too, but would you rather put your money into something that's always, always, always going to be a loss, or would you rather put your money into something that's almost always going to be a gain? Heck, even putting the money into a savings account would still save me money, because I would fund that same $19k for an $18k car.

I realize this is a very, very generalized viewpoint of it all, but it works, and the key to all of it is just being patient. Put enough money into a mutual fund over a long enough time, and suddenly you'll find yourself able to pay for new cars, new HVAC units, new roofs, new kitchen remodels, and all those major shiny new toy purchases through capital gains alone. The banks know exactly what they're doing by offering you loan terms on that mattress you just bought.

In the meantime, you walk to work or keep pouring money into beaters?

 

[pauldun170]

In the meantime, you walk to work or keep pouring money into beaters?

Dang....that comment sucked me in.
Define beater
My station car is a 2002. Bought it for 9.5K in 2008.
I have done nothing but basic maintenance on it. I beat the crap out of it
It is a beater.
Fight me

As for walking to work....walking to work is awesome.
Wish I could walk to work.

 

[Ventanni]

In the meantime, you walk to work or keep pouring money into beaters?

I work from home, but drive to businesses. I drive a car with 190k miles that has had an excellent reliability record.

Currently saving for a new car, but until then, the car I drive runs just fine.

 

[Meghan54]

An unintended consequence of Toys R Us closing:

 

[SKORPI0]

Toys 'R' Us Founder Charles Lazarus Dies at 94

 

[Svnla]

It is official. If you have TRU gift card, use it by April 19 or it will become worthless.