Road Cycling - I've decided to take the $2,600

I've decided to take the $2,600 out of my IRA. Then I'll fly to Vegas, double the money, fly back, put the $2,600 back in my IRA, and buy the Trek. Is there anything wrong with this line of thinking? ;-)

This is a joke, right?

A grandiose plan. Remeber though if you fly to Las Vegas, you will have to triple the money to cover expenses.

This isn't an actual plan, I hope?

At least he's thinking Vegas and not Nasdaq!!!!

lol flye..... :)

Sell short Nasdaq? Now there is an idea!

time value of money, think about it

Originally posted by trmcgeehan
I've decided to take the $2,600 out of my IRA. Then I'll fly to Vegas, double the money, fly back, put the $2,600 back in my IRA, and buy the Trek. Is there anything wrong with this line of thinking? ;-)


"A good plan violently executed now is better than a perfect plan executed next week."

.... General George S Patton

:D


PS: Get the bike!

Originally posted by trmcgeehan
I've decided to take the $2,600 out of my IRA. Then I'll fly to Vegas, double the money, fly back, put the $2,600 back in my IRA, and buy the Trek. Is there anything wrong with this line of thinking? ;-)

Put the $2600 back plus penalties and interest. Oh, you won't have enough to buy a 5200 incl sales tax. By the way, incase you fall into that vast majority of loosers... I've been told from Vegas, box cars go everywhere in the US and it won't be a lonely ride :)

PS, once you venture into your IRA with this type of rational, you'll go back again and again...only to find you're back to [] one and find you've sold your old bike and now have...zippo ;) Neet system of checks and balances:)

I'm going over thanksgiving. IF we split the cost of hotels and such that will Half your expenses therefore you will be able to easily quadruple your capital. I think that's the direction you should go.

The House ALWAYS wins. That's why the casinos stay in business and make a profit.

Get a second job, instead.

Originally posted by WoodyUpstate
The House ALWAYS wins. That's why the casinos stay in business and make a profit.

Get a second job, instead.

Killjoy.

:p

I know take the $2600 out, by the bike, ride your bike to vegas. That way you can justify the money, since it took you so long to get there you did not lose moeny on spending it on a hotel room their or have enough time to loose it gambling, or lose money on paying for the airplane. And when you factor in you would have gambled away the $2600 plus all that you have in your bank account. YOu actualy saved money by buying the trek.

Originally posted by Kev
I know take the $2600 out, by the bike, ride your bike to vegas. That way you can justify the money, since it took you so long to get there you did not lose moeny on spending it on a hotel room their or have enough time to loose it gambling, or lose money on paying for the airplane. And when you factor in you would have gambled away the $2600 plus all that you have in your bank account. YOu actualy saved money by buying the trek.

ROTFLMAO... You didn't by chance work for Enron as CFO did you.................. :beer:

Originally posted by MtnBikerChk
. . . Killjoy.

You know. . . that's the pragmatic accountant in me. We CPAs need to get a life, a hobby, a sense of humor. . . and a new bike. But only off eBay. Can't pay full retail for anything. Makes my stomach turn.

life can't always be a balance sheet.

people who think that way are existing rather than living (IMHO)

i'd never bring a $2600 bike to a college. not unless you can't wait to parlay the insurance money when it gets ripped off into $5200 to either buy a colnago or to replace the original $2600 into the IRA and buy another $2600 bike.

i'd be more concerned that the $2600 bike becomes $1800 in 2 years for comparable components.

however, a little indulgence is good....to a point.

now over 12,000 miles and 4 years later, the $2200 i sank into my bike works out to some pretty cheap entertainment considering dinner, movie, babysitter, etc is ~ 100.00 for a few hours. $750 a year (and reducing every day) for a lifestyle and hours of enjoyment and transportation seems like a great alternative.

Originally posted by WoodyUpstate


You know. . . that's the pragmatic accountant in me. We CPAs need to get a life, a hobby, a sense of humor. . . and a new bike. But only off eBay. Can't pay full retail for anything. Makes my stomach turn.

What method of depreciation would you use to ammortize the expensive of a new bike? :D

ok.. nevermind

pfft... you know, there's more then casinos here :p

anyhow the casinos that are here weren't build because of winners ;)

I think you should triple your money rahter than settle for double. Just let the bet ride until it is tripled.:p