I have $35,000 and I am interested in buying and bringing a 240sx se to 11's

[[s3]]

Interesting, a 20 year old EMT with $35,000 his bank account and posting this info on an internet forum.

I don't know how much EMTs make in CO, but they sure as hell don't make that much here.

Please post up pics when you get your 11s ride.

[Trefer84]

My grandmother died and left me about 40k before taxes. I make $10.23 and work full time, but that is still not very much money. I had around 3k in my bank account before that was given to me. I am not planning on modifying my prelude until I move to Goodyear Arizona in 4 March. Maybe by then I will be sick of the car and will find a 240sx I can upgrade.

[i2ice4m3]

actually it was 280ps, which is 276hp, but ya thats the right idea.

what's the definition of ps? my search results had a lot of...static :P

[sanioll]

WHAT IN THE WORLD ARE YOU DOING?

FOR 35K JUST GO AND GRAB A BRAND NEW 350Z, WITH WARRANTY.

BRAND NEW, DUDE. SMOOTH AS HELL, REV THAT ENGINE EVERYDAY.

AND AFTER WARRANTY EXPIRES, THEN MODIFY IT AND MAKE IT FASTER FOR YOUR UNSATISFIABLE NEED FOR SPEED.

[sanioll]

OR SPEND 30K ON A CERTIFICATE DEPOSIT.

SO AFTER 5 YEARS WHEN YOU PICK UP YOUR 60K, YOU GONNA HAVE MONEY FOR 350Z AND TOP END PARTS TO MAKE IT FLY.

INVEST MY FRIEND, INVEST. DAMN I WISH I WAS 20 (22 NOW) WITH 35k ON MY BNK ACCOUNT.

INVEST NOW!!

[keepingthe240]

You must know nothing about investing. At 5%, cds would take 14 years to double your money. THe math comes out to 14 years and 4 months without any taxes taken out. TRy the spiders...their eazy to understand!!If your not already putting money in your ira's, You must be smokin' . I started at 16 and am retiring at 57. BUT WERE WAY OFF TOPIC HERE!! The 350z is a good choice. Word is the g35 ('07 skyline) is going to have the 3.5liter twin turbo

[keepingthe240]

AS long as you keep your cost low ( rent, electric bill, entertainment) you can strech $10.23 to the moon. Live below your means!! THats it, over and out!

[Trefer84]

I have around 9550 in government stocks that I have been buying since I was 18 and my rent is free here at my house. I am moving out again for sure to Goodyear Arizona where my rent is 500 a month for high speed internet, phone, cable with hbo and all that good stuff, all electric and water. My insurance is 70 a month and my gas is around 50 a month + 50 for a cell phone. So I am going to be living it up in Arizona. I dont really like the 350z very much, but I would love to have a skyline or at least a skyline engine damnit. I wish I could find a ****ing 240sx that is black on black in the se fastback edition 90-93 model. Why are they so hard to find???????

[sanioll]

You must know nothing about investing.

maybe!

but you can buy CD at half the cost. EX: pay 25 for 50 bucks worth.

Limit is 30K for 5 year cycle. and in 5 years it will worth, 60K. so there.

i dont' remember hte web site. my colleguage knows it. will get back to you on thursday night if i still remember about this post.

[keepingthe240]

Can you add??? I mean for real, can you add?? No cd will pay you **% percent a year(enough to double your money in 5 years). You no nothing and i mean nothing about investing !! b/t/w I already know how much interest you'll have to make to double your money in 5,6,7,8,9, ect years. It's simple freakin' math...a 5th grader could figure that out.

[sanioll]

Can you add??? I mean for real, can you add??

wow, pal, easy there. i am way beyond in math dept. FYI, theoretical math/comp science.

as for doubling your money. i saw the site with my own eyes.

when i see my colleague this thursday night, i certainly ask the web site and post it here. i believe you are getting CDs for half the price, but u cant touch it for 5 years. in 5 years youre getting back the full price which means double for ya. limit is 30k worth of CD in 5 year cycle.

[SeVa-S13]

Er... ># of cylinders doesn't mean more torque. It has more to do with the stroke, and generally a 6 cylinder of 2.0 displacement will have a lower stroke than a 4 cylinder of 2.0 displacement.

Looked it up, and yeah, the RB has a lower stroke:

RB20DET Bore:78mm Stroke: 69.7mmSR20DET Bore: 86mm Stroke: 86mm

The RB20 will be able to rev higher, but will have lower general torque at similar CFM. Also, some more digging reveals that the higher-boosting RB20 actually has less torque in stock form than the SR20 (SR20:203@4000, RB20:193@3200).

Modified by InsanityInc at 9:58 PM 11/30/2004

Holy mother of God, someone with common sense DOES still exist!

11's with slicks is child's play with a bit of cash and two legs. Whether it be KA or SR. With the provided funds, I could make my car a very streetable car that would run high 10's with slicks and gutted interior. This is with my damn 6cyl 2 liter. Just look at the Enjuku S13, it's basically just a T3/T4 strapped to an SR with some cams and slick and runs 10's easy.

[jmauld]

So you inherited 35K and you're dumping it all into a car????

At your current salary it would take you two years to make that much money! Sheez, you'll fit right in with the rest of the honda idiots.

Personally, I'd put that money somwhere that it would do something for me. Screw a car, you'll never get your money back out of it.

If you want to go 11's for cheap, get a DSM.

[keepingthe240]

I should say.. can you multipy and divide?? Do you know how much of an interest rate you'll have to make to double your money in 5 years?? UUmm, even the average(for the last 72 years) small cap can't match that . Cds generally pay less then 5% and are very safe. Bonds pay more and are a tad riskier ( based on the grade of bond) Junk bonds pay the most. Mutual funds have a higher returnand have more risk then bonds ( same return as a junk bond). Stocks are the next step up, then ipo's, then futures.

[keepingthe240]

Get a female room mate and split the bills. You'll save a few hundred a month. I'd get out of the t-bills. You're still young and have the time to take more risk for a higher return. And...you'll find a ton of 240's on this board up for sale. Soon or later, everyone is going to sell there car and move on to greener pastures. More like, they'll knock up their girls and get married and pimp out there 4 door with a baby seat in the back.

[[s3]]

I should say.. can you multipy and divide?? Do you know how much of an interest rate you'll have to make to double your money in 5 years?? UUmm, even the average(for the last 72 years) small cap can't match that . Cds generally pay less then 5% and are very safe. Bonds pay more and are a tad riskier ( based on the grade of bond) Junk bonds pay the most. Mutual funds have a higher returnand have more risk then bonds ( same return as a junk bond). Stocks are the next step up, then ipo's, then futures.

^^^ Sideshow is right, to double your money with a CD @ 5% interest, it would take roughly 15 years with a 35k initial investment.

At 10 years the total is $57k, and at 5 years its $44k.

http://www.bankrate.com owns you

If you put your $ into a CD for 15 years, you deserve to be shot.

[jmauld]

]

If you put your $ into a CD for 15 years, you deserve to be shot.

It would still be FAR superior then putting two yrs salary into a car!

Seriously Trefer, unless you have a lot of rich grandparents/parents, you're not going to have this kind of money handed to you very often. It would be a great opportunity to make life easier for yourself.

[sanioll]

Relax people, just get lost in the infinite loop of recursion for now.

thursday isn't far; if i see him at work thursday at night.(3rd shift) i will get the website and post it here.

well i may not know a crap about investing, but i saw that you can buy it for half the price, but no touching for 5 years, and afterwards you're getting full price, which is 60K. since the limit is 30k.

now, you can't invest 30K every year, and start collecting your 60Ks starting after every year of 5th year. only 30K per 5 year cycle.

So, please relax and wait until Thursday.

as for calculating the rate of increase of how much it would take it to double at a certain rate, i dont need to grab a calculator and start adding interest for certain amount of months. I just write a code and let the oldy computer do the job at 3.2 ghz. comprehendo?

[barrigas14]

so does any think that buying a 10+ year car with 35k and then putting more money into it sound stupid?

BUY A HOUSE

[sanioll]

okay lets put all math aside and start a new concept clld discrete math. fun stuff.

anyways, heres the link:

http://www.savingsbonds.gov/in...e.htm

buy them at $25 for $50 worth. and after 5 years you pick up the doubled money. if y ou cash it in before 5 years then only APR applies., i 've never done it but my colleague here has, so i partially trust him since he is 30 years older than me.

[sanioll]

just buy 1200 ee bonds at $25 each.

1200*50 = 60K. in 5 eyars.

[bcar240]

I'm not an economic major or anything, but I think that site means if you buy one at $25, it will be worth $50 after 30 years. But after 5 years you can cash it in to get the standard interest up to that point with no fees. It says the rate is 3.25% compounded monthy, and after 5 years that only comes out to around $35,300. I may not have read it right, but I am calling it how I see it. Kind of like the savings bonds I have from when I was born that arn't even close to reaching maximum value.

[Drifterxl]

i'll settle this for the both of you, so stop your bitching. all this is straight from your little link there sanioll. and if any of you had done some reasearching, you'd of found the same thing. it took me all of 3 1/2 minutes.

-"New EE bonds will increase in value every month. The rate that Treasury announces each May and November will be applied to a bond for the 6-month earning period."

"Series EE bonds earn interest for 30 years. This long life lets investors use savings bonds for truly long-term goals like education and retirement"

"You can cash Series EE bonds anytime after 12 months. If you redeem a bond before 5 years, there is a 3-month interest penalty"

"The Series EE bond interest rate is compounded semiannually"

"Series EE bonds are sold at half their face value and are available in denominations ranging from $50 through $10,000. Because EE bond interest is pegged to market rates every six months, there's no way to predict when a bond will double in value. In the unlikely event that rates are so low that a bond doesn't double in value by the time reaches original maturity, Treasury will make a one-time adjustment to double in value at that time."

"Your principal and interest are backed by the full faith and credit of the United States. This means that you will always get back your original investment and the interest it has earned when it comes time to redeem your bond."

(the original maturity for any bond purchased after june 06 is 20 years)

now can we all get back to talking about what actually matters at nico.... oh say, like CARS.
Modified by Drifterxl at 1:28 AM 12/10/2004

[keepingthe240]

Yea, 30 years is far from the 5 that was stated and it not a c/d either. If you need a computer to figure how long to double your principle, you must be riding on the short bus.. . There is a formula to give you a good guess within a few months. The formula says 14 years and 4 months and a few weeks @ 5% interest. ( 14.4 years)

As to the topic......if your waiting to get a black on black 240 and got the money to burn, just get a 240 and paint it black. It's not like its a 'vette or such. The car has to be real clean (straight) to get a black paint job.

In general, buying a house is a good investment. But currently, house prices are in a bubble due to a lower interest rate. Too many variables to give you advise on that one!

[HashiriyaS14]

If you want to get a 240sx into the 11s, just talk to Aries.

Turbocharged LS1 small-block V8, that should do it, lol. I dunno what the hell it'd handle like, but if you just want to go fast.....

Oh, and remind me to try selling investments to a couple of you guys, I'd make a fortune, haha.

[sanioll]

well this proves that i know very little about investing.

but there has to be an easy way to get rich. just has to be.

[twofortyesecks]

do what I do with my money. never have any. It makes investing easy $0 over X years =. . . $0 WEEEEE! Oh yeah and on the car thing buy an STI, I love em.

[AustinSilvia]

11's and reliable in the same sentence... well you gotta go with an rb. sr's and ka's can put down power but they are not streetable daily driveable cars when they have that much power. do you know anyone that drives and 11 second car as a reliable daily driver? is it a 4 cylinder? 6 cylinders will be under much less stress for this type of thing. the rb26dett isn't called godzilla because it's a not a good engine... look into rb's. not trying to start up the business of "well an sr can do this and a ka can do this and blah blah blah." the fact is that any engine can do whatever you want it to. the stress placed on the engine to complete said task is generally less for a 6 cylinder compared to a 4 cylinder and the same is true for larger engines versus a 6 cylinder. mclaren used a 12 cylinder engine on the f1 because it will last and puts down reliable power.

just something to think about. plus once you have a rb seeing high horsepower doesn't take as much modification as an sr or ka or any other 4 cylinder would. with the money you have you could easily keep your a/c and all accessories and have an rb too. if you're not doing the install yourself, well shops i have seen generally charge around $10k for an rb engine and install and all that comes with it. tack on the price of the car and then an lsd and upgraded suspension or whatever else you want to do... you will probably end up with about $10k in the end to dump into modding the engine alone, with all your other upgrades done (as long as you keep things somewhat reasonable). not too shabby.

[[s3]]

well this proves that i know very little about investing.

but there has to be an easy way to get rich. just has to be.

Yes, drug trafficking

[InsanityInc]

Discrete math? Bonds have nothing to do with discrete math.

Also, they generally teach the compound interest formula and the half-life formula in Algebra II if I recall.