My point is in these areas 250,000 is not rich and are not corporate jet owners especially in these areas.
I could also show you how 250,000 a year is middle class in other areas. If you consider lawyers and doctors who defer their income until they are out of school, internship, and residency and then have to pay back 175,000 to over 300,000 in loans after getting crushed in taxes and loan payments that 250,000 is cut down to 50 to 60 percent not including contributing to retirement, etc since social security and medical insurance will not be given to these people when they are older. Then consider if they have any kids, their kids will not qualify for any aid, again because their parents make too much money, but heck tax those "rich" people and include them as corporate jet owners. Now, in new York city you are living in a studio or 1 bedroom after taking all that into consideration. The cost of living in these areas is very high. Heck, i know secretaries in new York city making 6 figures. Secretaries.
Definitely do not go into law or medicine. Business is still the best way to go.
The bottom line while 250,000 a year sounds like a lot of money after taking into consideration the entire picture, it may not be as good as it initially looks.
For Harrington, stocks to consider are solid companies that give you dividends.
Caterpillar is one to jump on while it is under 100.
Jp Morgan, ge, target, and Costco all great stocks and pay dividends.
All better than letting your money sit in the bank.
Buy more on dips.
Caterpillar is one to jump on while it is under 100.
Jp Morgan, ge, target, and Costco all great stocks and pay dividends.
All better than letting your money sit in the bank.
Buy more on dips.
As for my political affiliation, I am an independent right smack in the middle. I am not blinded by ideology. I support issues on both parties but one thing I am strongly against is increasing taxes significantly on any group. Equating families who make 250,000 a year and corporate jet owners is crazy especially in areas like New York city where I know of people making 260,000 and living a very middle class life as I described above. Why punish hard working people? If you are working and earning your income, that should be taxed at a low rate (as opposed to investing for instance, but we have it backwards). Fixing this mess is very simple. Cut spending, simplify this crazy tax system, create a flat tax and eliminate loopholes. Heck, even consider a small national sales tax. That will significantly increase revenue.
The problem is there are too many people in this world and you cant have a bunch of people with a significant percentage who are unproductive and dependent on handouts. Entitlement societies do not work. Once the money runs out and the free stuff is taking away, people riot. Do not get me wrong there needs to be a safety net, but the overwhelming majority need to work. I am done with my rant.
Cujo, I like both of those stocks as well. I own DIS and holding it. The ones I mentioned above particularly CAT, I absolutely love, and added more yesterday and will continue to add more if they drop. The other company I hold but am hesitant to recommend is NLY. This is a REIT that pays a beautiful dividend. Things are going well with them now, their stock is steady and does not fluctuate much, but I am concerned in the future with them lowering their dividend. Right now though, it is a nice stock, that pays a pretty hefty dividend.
Again, I love solid companies, with cash, that pays out dividends until this market stabilizes. Stocks are on sale now and if you can pick and choose good companies and hold long, there is good money to be made.
The problem is there are too many people in this world and you cant have a bunch of people with a significant percentage who are unproductive and dependent on handouts. Entitlement societies do not work. Once the money runs out and the free stuff is taking away, people riot. Do not get me wrong there needs to be a safety net, but the overwhelming majority need to work. I am done with my rant.
Cujo, I like both of those stocks as well. I own DIS and holding it. The ones I mentioned above particularly CAT, I absolutely love, and added more yesterday and will continue to add more if they drop. The other company I hold but am hesitant to recommend is NLY. This is a REIT that pays a beautiful dividend. Things are going well with them now, their stock is steady and does not fluctuate much, but I am concerned in the future with them lowering their dividend. Right now though, it is a nice stock, that pays a pretty hefty dividend.
Again, I love solid companies, with cash, that pays out dividends until this market stabilizes. Stocks are on sale now and if you can pick and choose good companies and hold long, there is good money to be made.
I guess your 1 of those independents that criticize Obama for raising taxes when in almost 3 years in Office he has done nothing but cut taxes via the stimulus and hasn't raised taxes at all.
I don't really care what political party you are, I'm actually a real objective independent but when people say "Obama wants to take your $" or "250k is middle class on the coast" its like c'mon man just comeout of the closet your a diehard conservative blinded by ideology. There have actually been studies done recently showing that people who identify themselves as independents actually align heavily 1 way or another. You probably fit into that..
Who else in a stock market forum criticizes a president for raising taxes that in 3 YEARS hasn't raised taxes.
250k is doing well. But you dont have to be rich to be doing well.
250k is enough money to have a 300K house and 2 late model cars. A nice vacation every year, a country club membership, and college savings for your kids.
I dont call that rich. I call that doing well.
250k is enough money to have a 300K house and 2 late model cars. A nice vacation every year, a country club membership, and college savings for your kids.
I dont call that rich. I call that doing well.
Yeah who called it rich? I don't really recall anyone calling it rich in this thread. Its not "middle class on the coasts" though. Maybe in like the most wealthy of areas but there is a reason 250k household income is still in the top 1-2%. In my thread above yours thats how I decribed it "doing well"
