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Goran just bought a $70,000 GMC Sierra Denali because he didn't listen to Paul Krugman and actually made money


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2017 Oct 6, 11:20am   17,808 views  89 comments

by Goran_K   ➕follow (4)   💰tip   ignore  

As you may have remembered, back in June 2017, I posted a thread where I was looking for a full size truck (to replace my Audi Q5 as my primary mode of transportation).

Looked at Toyota Tundras, Ford F150s, and Dodge 1500 Rebels. In the end, the truck that fit me the best was the GMC Sierra Denali.



GMC Sierra Denali Quick stats
- 420 hp @ 5600 rpm
- 460 lb-ft of torque @ 4100 rpm
- 4x4 Drive
- Onyx Black paint
- DENALI ULTIMATE PACKAGE
- 8.1 inch nav/entertainment screen

This truck kicks ass. Thanks Trump.

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41   bob2356   2017 Oct 7, 1:26pm  

Goran_K says
I guess you're a very lucky guy to be getting all these super reliable $2,000 trucks (that somehow don't end up on two of the largest online car selling websites on the planet) that you can drive problem free without any work

.
lostand confused says
But a 2,000 bucks truck that can tow reliably in hilly country?? Do you tow live cargo by any chance? Coming down with 12,000 pounds down the sierras-sorry -stuff happens -but on a 2k truck. Well maybe you are just lucky?? Do you buy 2k and replace evrything-just curious, because you mentioned you towed.


Who said anything about no work? All cars need work. I do my own work. I use good quality parts, oem or better. Since I'm not on the clock I can do a lot better and more comprehensive job than a line mechanic can afford to do. I like fixing cars, it's not rocket science. Parts are a lot cheaper than car payments and comp insurance. I keep careful records, the suburban averaged $600 for 15k driving a year the last 4 years not including tires. That's $50 a month with zero depreciation. I'll take be a bottom feeder thank you very much.

Why am I lucky? My brakes are better than OEM and have fresh fluid to boot. Trust me your dealer doing a routine brake job won't be replacing the brake fluid, cleaning and lubing the pins, lubing dry boots, or truing up the rotors even though they are not scored like I do. What kind of stuff happens if everything is checked out frequently? Almost all problems give you warnings that something is up. Just fix it at the first sign something doesn't seem right. I've haven't been stranded in years, but it could happen. It could happen with a brand new car too. That's what AAA is for.

Keeping things for years and years means if I see a killer deal that upgrades my ride I can grab it. That stuff is usually local and frequently word of mouth. I don't have to shop or be under any pressure to buy.


Hey, enjoy your truck it's a beauty. Don't know why you want to be insulting just because other people have different priorities. Whatever dude.
42   CBOEtrader   2017 Oct 7, 1:40pm  

me123 says
lostand confused says
bob2356 says
Good looking truck. About $68,000 more than I usually pay for a truck, but I like people to take a lot of depreciation first before I buy.

Huh??? You buy $2,000 trucks????


That's all bobby can afford on this monthly Medicaid check.


Lol Medicaid is health insurance for the despondent. I believe you mean SSI :)

For the record, I think its cool that Bob save a money on a $2k truck as long as the thing is reliable
43   anonymous   2017 Oct 7, 3:13pm  

Proud owner of a 74 ford 3/4 ton here. Me & a neighbor bought it 5 years ago for $1400. Can sell it for that now.

Note - this is NOT a daily driver. We don't drive more than 50 miles or much past 50mph. Probably put about 2000 miles a year on it. Plus by driving our modern midsize sedans we are far more environmentally friendly than Goran or my fellow urban warrior who needs it only once in every 20 trips.

The other thing is that IF they make it more than say 20 years they seem to run FOREVER. It's almost a "selection bias" issue that if you can make it to 25-you can just as easily make it to 40. In the 5 years we have had it I can count on one hand the number of times it has broken down on me or my neighbor
44   bob2356   2017 Oct 7, 7:23pm  

me123 says
bob2356 says
Don't know why you want to be insulting just because other people have different priorities.
;

Did you really just post that? wow, you and that duck are suffering from the same illness.


I was talking to someone who could afford a cool truck, not patnets village idiot. It is good to see you back however. Every group needs a lowest common denominator.

me123 says

That's even funnier, considering you buy $2000 vehicles and I always buy brand new vehicles.

I really wish I could get my yearly income down to 5 figures, I really hate paying taxes on a 6 figure income.


Sorry but you can't include the decimal point and comma as figures. They would have taught you that if you had stayed in school long enough to graduate 6th grade. Brand new match box cars don't count in this thread.
45   anonymous   2017 Oct 7, 9:06pm  

Goran_K says
lostand confused says
But a 2,000 bucks truck that can tow reliably in hilly country?? Do you tow live cargo by any chance? Coming down with 12,000 pounds down the sierras-sorry -stuff happens -but on a 2k truck. Well maybe you are just lucky?? Do you buy 2k and replace evrything-just curious, because you mentioned you towed.


I'd like to know this too.


I bought a 97 Expedition for 1600 about two years ago. Never let me sit. I had to put a battery and an alternator in it shortly after purchasing. Never let me sit, and it was fun to drive. I beat the hell out of it. I just scrapped it for 350.

If you’re a good horse trader, you can always find good deals. You just have to know what you’re doing and know how to work deals.
46   🎂 Heraclitusstudent   2017 Oct 7, 10:22pm  

Goran_K says
Trucks, guns, money? Isn't that just being an American male of some esteem?


In a ghetto, it is.
47   bob2356   2017 Oct 8, 4:34am  

Heraclitusstudent says
Goran_K says
Trucks, guns, money? Isn't that just being an American male of some esteem?


In a ghetto, it is.


Replace the money part with dog and you have the red states idea of esteem..
50   Y   2017 Oct 8, 7:50am  

Who gives a fuck when you're a top feeder.
HEY YOU says
How much did it depreciate the moment you closed the deal.
51   MAGA   2017 Oct 8, 3:24pm  

What a waste of money. I have never understood why people want to drive these huge trucks for daily transportation.

If I had $70K to spend for a new car, I would go with a Honda Accord and donate the rest charity.
52   anonymous   2017 Oct 8, 7:42pm  

Everyone is entitled to a vice - Marybeth two. Like others I top out in the high 20s for a car but will gleefully drop $300 for an over the top meal/experience. Same goes with travel - will spend serious coin for a bucket list experience.

So I cut the guy a break if his thing is vehicles. While I think his spending is wasteful if he isn't into food/wine he thinks the same about my "wasteful" meal when he can get one for 7.99 at the Olive Garden. To each his own.
54   zzyzzx   2017 Oct 9, 8:22am  

70K for a truck, no wonder GM stock is doing so well lately.
55   Goran_K   2017 Oct 9, 8:28am  

zzyzzx says
70K for a truck, no wonder GM stock is doing so well lately.


Buy buy buy!
56   Goran_K   2017 Oct 9, 8:33am  

anonymous says
Everyone is entitled to a vice - Marybeth two. Like others I top out in the high 20s for a car but will gleefully drop $300 for an over the top meal/experience. Same goes with travel - will spend serious coin for a bucket list experience.

So I cut the guy a break if his thing is vehicles. While I think his spending is wasteful if he isn't into food/wine he thinks the same about my "wasteful" meal when he can get one for 7.99 at the Olive Garden. To each his own.


I'll be honest, I often do spend ridiculous amounts on meals when I do go out. Not like $300 every night, but I usually don't spend under $60 an entree, add wine, and tip and it goes up pretty fast.

Most of the time though I am eating at home just because I love cooking. Nothing like making a venison stew from a deer you harvested with your own rifle. It's awesome.
57   Goran_K   2017 Oct 9, 8:35am  

errc says
If you’re a good horse trader, you can always find good deals. You just have to know what you’re doing and know how to work deals.


Exactly. I think anyone who didn't listen to Krugman obviously knows what they're doing as evidenced from the trillions of dollars of networth added to those people's portfolios over the past 12 months.
58   zzyzzx   2017 Oct 9, 8:45am  

Booger says
www.youtube.com/embed/cYQ-TH37jPE


I actually saw this on I-95 near Baltimore!!!
Came and went too fast for me to get out the camera, plus it was raining.
59   anonymous   2017 Oct 9, 10:09am  

vomiting Krugman's economic predictions and policy calls all over PatNet to anyone who would listen.

—————-

Odd that this appears to be a lie
60   zzyzzx   2017 Oct 9, 11:41am  

Goran_K says
As you may have remembered, back in June 2017, I posted a thread where I was looking for a full size truck


It took you 4 months to buy a vehicle?
61   CBOEtrader   2017 Oct 9, 12:08pm  

The new ford f450 is 100k
62   Goran_K   2017 Oct 9, 1:03pm  

zzyzzx saysIt took you 4 months to buy a vehicle?


On and off. Got busy with buying the property in Alaska. Then remembered I wanted a truck. Doesn’t help that I’m very OCD.
63   Blurtman   2017 Oct 9, 3:06pm  

What about an Audi S8?

605HP @ 6,100-6,800 rpm
517 lb-ft @ 1,750-6,000 rpm

Or even an S6?
64   anonymous   2017 Oct 9, 3:33pm  

listening to Krugman in the past year would be a mistake.

Listening to Peter Schiff for the past 5 years would be an ass reaming of epic proportion.
65   RWSGFY   2017 Oct 9, 3:46pm  

anonymous says
listening to Krugman in the past year would be a mistake.

Listening to Peter Schiff for the past 5 years would be an ass reaming of epic proportion.


5 years? More like 10.
66   anonymous   2017 Oct 9, 4:32pm  

You haven't. We knew you were allowing Schiff to repeatedly enter you in 2012, but we don't know when you cut him off.

So, when did you decide not to listen to Schiff?
67   anonymous   2017 Oct 9, 6:17pm  

Goran said "guess how that turned out"

Quite spectacularly I'm sure as it does for everyone in the history of posting on the internet.

I'm still curious though- in 2012 you were here extolling the virtues of peter schiff. Sometime between 2012 and now you realized he was horrendously wrong and no longer worth listening to. So when did you come to this realization?
68   WatermelonUniversity   2017 Oct 9, 9:47pm  

i also bought a lot of Apple stocks when they were $0.5/share LOL.

don't believe what this dishonest liar claims. he's 100% full of shit.
69   anonymous   2017 Oct 10, 7:45am  

heyday of this site the 2009-2012 time period.

————-

This was a housing bubble site, it’s heyday was 2005-2008. People who only became woke to the obvious truths in 2009-2012 missed the boat.
70   anonymous   2017 Oct 10, 8:33am  

Goran - in post #110 you admit you were on team Schiff in 2012. You largely quit posting after that so there is no real record of your judgement 2012 - 2017.

So the question again is at what point did u realize Schiff was full of Schiff and quit listening to him? You can say fall 2012 or 3 days ago and we will never be able to substantiate your self reported claim.

Either way, you will then be "on the record" as to when you realized how awful his advice was - which will be helpful when you come back in 2022 fully gloating about how awesome your life is because you listened to X and not that "charlatan" Y

So when was your Schiff epiphany?
71   Goran_K   2017 Oct 10, 9:05am  

anonymous says
Goran - in post #110 you admit you were on team Schiff in 2012. You largely quit posting after that so there is no real record of your judgement 2012 - 2017.

So the question again is at what point did u realize Schiff was full of Schiff and quit listening to him? You can say fall 2012 or 3 days ago and we will never be able to substantiate your self reported claim.

Either way, you will then be "on the record" as to when you realized how awful his advice was - which will be helpful when you come back in 2022 fully gloating about how awesome your life is because you listened to X and not that "charlatan" Y

So when was your Schiff epiphany?


I'm not sure what you want from me. I've said over and over that I agree with SOME of what Schiff says and disagree with things he does say.

For instance, here are my strong "agrees" with Schiff (for the record so in 2022 you can troll me or envy me):

- Big government sucks for the economy. The founders envisioned a nation where there was just enough government to preserve liberty. That's it. Public health care is doomed to failure. Public anything is doomed to failure. Look at Social Security, the VA, MediCare, even USPS for why government sucks at pretty much everything.
- Gold/Silver should be a good percentage of anyone's core wealth as protection against inflation.
- Crypto-currency is more speculative than "here to stay" (I'll probably eat my words here but I would bet against big government letting a completely uncontrolled currency take over the economy).

Things I disagree with Schiff on:
- I don't agree that there will be some momentous economic crash based upon a currency crisis. The reason I disagree with Schiff on this point is because the U.S dollar is the reserve currency of the entire world. Until China or India or some other emergent power takes that throne, we will not have some sudden currency crisis land upon us. If anything it will be a slow, strangling death, not a samurai sword swipe at the neck like Schiff believes.
- I'm undecided on his stance on a national sales tax replacing personal and corporate taxes. I see the benefit of simplification but I don't know enough about the numbers to take a firm stance.

So there you go.
72   Goran_K   2017 Oct 10, 10:00am  

BorderPatrol says
i also bought a lot of Apple stocks when they were $0.5/share LOL.

don't believe what this dishonest liar claims. he's 100% full of shit.


Another shit talker.

I didn't buy Apple at 50 cents but I'm not doing too bad either.

73   joeyjojojunior   2017 Oct 10, 10:06am  

So which statement of Renting's did you believe and agree with?
74   Goran_K   2017 Oct 10, 10:14am  

joeyjojojunior says
So which statement of Renting's did you believe and agree with?


Pick a statement, and I'll confirm if I agree with it or not. Unlike you I don't blanket judge the entirety of someone as a person based off one statement they may have made 5 years ago. That's for people like you and the majority of the people who watch CNN.
75   Goran_K   2017 Oct 10, 10:41am  

anonymous says
Goran - the problem with your Schiff response is it's all milquetoast policy BS. For the last several years Schiff has been predicting substantial near term stock market crash. At what point 2012 - 2017 did you realize his stock market positions are completely wrong?


I never ever listened or posted about Schiff because of his "stock picks" or commentary on the Dow Jones. I have individuals in my life who I go to for that advice. I've only ever talked about Schiff with regards to his views on housing, national debt, the FED, and precious metals. Nothing more.
76   Goran_K   2017 Oct 10, 10:48am  

errc says
Housing peaked four years ago? On what planet


Maybe you should use your brain once in a while.

The rate of price increase peaked. I don't think anyone would ever say real prices peaked because that has never happened in the entire history of the shiller index.
77   anonymous   2017 Oct 10, 11:22am  

Goran said "I've only listened or talked about Schiff with regards to his views on housing, national debt, the fed, and precious metals"

Ok - so as to housing Schiff was still in doom mode regarding housing in 2012, 2013, etc. So if you listen to him on housing why did you buy in early 2013?
78   Goran_K   2017 Oct 10, 11:30am  

anonymous says

Ok - so as to housing Schiff was still in doom mode regarding housing in 2012, 2013, etc. So if you listen to him on housing why did you buy in early 2013?


I best explained that in my "buying house" thread back in January 2013.


For some, waiting for house prices to decline to the old normal is simply going to be a long wait. Though we may be bitter about it, our federal monetary policy clearly involves inflating/devaluing our way out of debt and explicitly encouraging higher home prices. This may not be a normal healthy market, but it's the market we'll be living with for a very long time.



So basically I accepted that the government under Obama was going to do everything in its power to not let housing crash even if he added trillions to the debt. I'm just an ant on a huge ant hill, I either go with the flow, or I get crushed. So I decided to go with the flow, and made out like a bandit.

I was right about the debt btw.



Who am I to fight against that?
79   anonymous   2017 Oct 10, 11:39am  

Ok Goran so I agree with you as to the "new normal" in 2013. So in other words you knew Schiff was full of Schiff as to housing prices in 2013.

So on housing prices you listened to Schiff 2000-2012 and in 2013 you realized he was full of it.
80   Goran_K   2017 Oct 10, 11:59am  

anonymous says
Ok Goran so I agree with you as to the "new normal" in 2013. So in other words you knew Schiff was full of Schiff as to housing prices in 2013.

So on housing prices you listened to Schiff 2000-2012 and in 2013 you realized he was full of it.


Nope. I think Schiff was totally right about the market, so was Michael Burry. I just accepted the reality of it all when I bought.

To use an analogy. Say you have two tables of Black Jack at a Casino. The first table is using traditional rules, 52 cards, standard values, etc. You might expect 90 cents for every dollar you bet on average.

Say at the next table, the dealer is allowing players to swap a card out for, let's call it an FHA card. So you can hold a King, or Ace in the pocket and swap it out anytime you want. Now you might expect $1.25 for every dollar bet, maybe more.

Which table are you going to put your money at?

So to say Schiff was full of "Schiff" isn't accurate. He just understands the rules on a non-fraudulent game. But the game is completely fraudulent. Would you call Michael Burry an idiot for realizing the game was completely rigged even though he profited hundreds of millions of dollars with his option calls?

I wouldn't. Neither would you.

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