Good on you for making a decent move. I would argue that you still purchsed something that required a loan and it would have been more cost effective to pay cash for a rolling POS. Maintenance is pretty much alway cheaper than a car payment and the recurring loan payment could have also gone into investments and netted you another c (new)ar or two worth of profit, but to each their own.
"Maintenance is pretty much alway cheaper than a car payment"
Maybe, maybe not - and only when you can afford to gamble on time and/or wages lost due to the vehicle being out of action. I have done this myself and come up smelling of rose fertilizer: I was out of work, got a job, bought a banger with a clean bill of health so I could get to my new job, kept having to shell out on "just this once" repairs, and finally had it crap out on me before I'd finished saving for a replacement - meaning I had to borrow money to do that (or lose my job). My attempt to do the smart thing ended up costing me way more than if I'd just got a loan straight away.
As I stated before, your advice is only useful to people who started out in a relatively good position. People aren't all that dumb, they just have different equations to solve than you. See this: https://wiki.lspace.org/mediawiki/Sam_Vimes_Theory...
Look at the numbers again, Q4 2018 vs. Q4 2019. It was a very nice improvement in the numbers for AMD, and it is only the year to year that was flat due to certain segments that were down(console chips being at end of cycle). The numbers for Q1 2020 vs. Q1 2019 will be a big improvement due to Zen2 based chips continuing to sell very well, and the new GPUs will also help.
some people are simply clueless and have tunnel vision, this time in 2016 the very survival of AMD as a Business was being doubted it was sinking under huge debt and heavily discounting outdated and slow hardware, without the console sales am sure it would have gone under, its turnaround to the position it is in now is nothing short of legendary and with the continuing issues Intel is experiencing along with very strong new product pipelines for AMD I for one will be adding to my Portfolio, so far its been very good for me.
It's going to take another 3-4 quarters before the impact on Intel of AMD's continuing growth actually hits the Intel P&Ls to a visible extent...;) The larger and more suffused with cash a company is the longer it takes to see the result of playing second fiddle on its balance sheets, as there are a host of bookkeeping tricks available. Most companies in Intel's position hope that before that time comes they can field competitive products and services once again. AMD has been on this roll for at least three years (much longer if we count development) now and AMD product innovation and improvement shows no sign of slacking off for the foreseeable future. Intel isn't just gunning for one AMD architecture, but for a series of steadily improving AMD architectures--and that's with CPUs. With GPUs I don't see Intel doing much, frankly. Interesting times ahead!
It will take far longer than that, AMD does not have access to the manufacturing capabilities at this time to make a sizable dent in Intel's market share. There are very few plants capable of producint the 7 and 7+ nm nodes they are using for their new products and there is a lot of competition to get in there. Until there are more fab plants that they can access to it will be a really tough go to bite into that share in any significant way. Though they are finally putting up a good fight and need to take advantage of their lead while they can, Intel will be hitting back hard sooner than later so AMDneeds to get their house in order before that happens or they might find themselves right back where they were a decade ago.
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Holliday75 - Friday, January 31, 2020 - link
I could have bought my last car outright. I gave myself two options. Buy car in cash or invest in AMD and take out a loan at 2.99% for 60 months.I took AMD. That was 7 years ago and that profit can buy my next 6 cars. :)
PeachNCream - Friday, January 31, 2020 - link
Good on you for making a decent move. I would argue that you still purchsed something that required a loan and it would have been more cost effective to pay cash for a rolling POS. Maintenance is pretty much alway cheaper than a car payment and the recurring loan payment could have also gone into investments and netted you another c (new)ar or two worth of profit, but to each their own.Spunjji - Monday, February 3, 2020 - link
"Maintenance is pretty much alway cheaper than a car payment"Maybe, maybe not - and only when you can afford to gamble on time and/or wages lost due to the vehicle being out of action. I have done this myself and come up smelling of rose fertilizer: I was out of work, got a job, bought a banger with a clean bill of health so I could get to my new job, kept having to shell out on "just this once" repairs, and finally had it crap out on me before I'd finished saving for a replacement - meaning I had to borrow money to do that (or lose my job). My attempt to do the smart thing ended up costing me way more than if I'd just got a loan straight away.
As I stated before, your advice is only useful to people who started out in a relatively good position. People aren't all that dumb, they just have different equations to solve than you. See this:
https://wiki.lspace.org/mediawiki/Sam_Vimes_Theory...
eva02langley - Tuesday, January 28, 2020 - link
Incredible to see AMD getting rid of their debt so aggressively, great news IMO.TristanSDX - Tuesday, January 28, 2020 - link
pretty much average results, considering it was holiday season / quarterTargon - Tuesday, January 28, 2020 - link
Look at the numbers again, Q4 2018 vs. Q4 2019. It was a very nice improvement in the numbers for AMD, and it is only the year to year that was flat due to certain segments that were down(console chips being at end of cycle). The numbers for Q1 2020 vs. Q1 2019 will be a big improvement due to Zen2 based chips continuing to sell very well, and the new GPUs will also help.alufan - Wednesday, January 29, 2020 - link
some people are simply clueless and have tunnel vision, this time in 2016 the very survival of AMD as a Business was being doubted it was sinking under huge debt and heavily discounting outdated and slow hardware, without the console sales am sure it would have gone under, its turnaround to the position it is in now is nothing short of legendary and with the continuing issues Intel is experiencing along with very strong new product pipelines for AMD I for one will be adding to my Portfolio, so far its been very good for me.yeeeeman - Wednesday, January 29, 2020 - link
Thought it was RIP Intel. Seems like some dudes bragging on Reddit are not the entire market. HmmmWaltC - Wednesday, January 29, 2020 - link
It's going to take another 3-4 quarters before the impact on Intel of AMD's continuing growth actually hits the Intel P&Ls to a visible extent...;) The larger and more suffused with cash a company is the longer it takes to see the result of playing second fiddle on its balance sheets, as there are a host of bookkeeping tricks available. Most companies in Intel's position hope that before that time comes they can field competitive products and services once again. AMD has been on this roll for at least three years (much longer if we count development) now and AMD product innovation and improvement shows no sign of slacking off for the foreseeable future. Intel isn't just gunning for one AMD architecture, but for a series of steadily improving AMD architectures--and that's with CPUs. With GPUs I don't see Intel doing much, frankly. Interesting times ahead!Lakados - Wednesday, January 29, 2020 - link
It will take far longer than that, AMD does not have access to the manufacturing capabilities at this time to make a sizable dent in Intel's market share. There are very few plants capable of producint the 7 and 7+ nm nodes they are using for their new products and there is a lot of competition to get in there. Until there are more fab plants that they can access to it will be a really tough go to bite into that share in any significant way. Though they are finally putting up a good fight and need to take advantage of their lead while they can, Intel will be hitting back hard sooner than later so AMDneeds to get their house in order before that happens or they might find themselves right back where they were a decade ago.