[QUOTE="Wanderlei_Rua"]
[QUOTE="gamer-adam1"]
I feel like people who are complaining about Xbox Live, REALLY suck with money
balfe1990
Or they're really good with money and understand the concept of "opportunity cost". I'm in my early 30s, have a Master's degree, work in IT, and have still never had a cell phone. I also have about 300k in investments and I didn't get there by wasting money.
If you had invested the $300 you paid for XBL in a large cap growth mutual fund that earned an average of 8% per annum, your $300 would have grown 10x ($3018.79) in 30 years. Frankly, I'd rather retire in my 50s than have cross party chat for my video games.
So you're saying put any disposable income you have into a growth fund and wait decades for it to mature(maybe).
Don't buy anything that is considered to be a luxury, just put all that money away and buy yourself something nice by the time you retire instead....
No, most of the people here are in their late teens and early twenties. They're thinking of the here and now, not weighing up financial options for the distant future.
And some people actually find value in XBL regardless of what is said on these forums, so I say, let 'em have it, it's not anyone else's concern.
1. You cannot find any 30 year period where the stock market has lost money. The S&P 500, including the Great Depression and Great Recession, as average over 10% per year for the last 80 years.
2. I'm not here to tell you what to do with your money. However, you need to pick and choose what luxuries you want to pay for. Why pay for something when you can get nearly the same thing for free?
3. I started investing the moment I got a job out of college at 22. Obviously most of SW doesn't think this way because most of our population does not think this way. That's why American households are in debt to the tune of nearly $15 trillion (houshold debt, NOT national debt). Not thinking of the distant future is the reason the majority of the population will have trouble retiring or have been caught up in bankruptcy/foreclosure.
4. I simply replied to someone saying that people that find XBL to be a ripoff are bad with money. I would say I'm the opposite, and it's my money management skills that make me view the 360 (and the X-Box in general) as the system that delivers less for what you pay.
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