Search found 1781 matches

Return to advanced search

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

That one is easy. Player A is named Edward O. Thorp. (A mathematician, not an engineer.) http://en.wikipedia.org/wiki/Edward_O._Thorp Short answer: the wheel is not perfectly balanced, and there is enough bias to overcome the house edge. Thorp played blackjack , a non random game. As to the claim o...
by Professor Emeritus
Wed Oct 22, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

Here is my comment posted to that blog: A mathematical/mechanical/biologic system is composed of understood/predictable parts that can logically be explained from one to another. Changing one variable in a link in a STEM-system, usually, has a predictable and logical outcome that can be expected so...
by Professor Emeritus
Wed Oct 22, 2014 10:44 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

If only my "engineer" son get busy and pick a spouse. I Suppose, he thinks he is good at it :annoyed OTH, I can only hope that future son's spouse, will take a flying leap of faith. :? I was brilliant at picking a spouse DW is brilliant Beautiful Romantic hard working and a natural born B...
by Professor Emeritus
Wed Oct 22, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering numbers are only useful as data if there is a covering law that explains the relationship between or among the numbers. Gravity is a covering law. The strengths of materials is a covering law. We don't know if earthquakes have a covering law. And we certainly don't know what it is. S...
by Professor Emeritus
Wed Oct 22, 2014 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering field as a manager and in my heart I believe that everything can be explained with an equation to a reasonable degree OK Humor mode on :happy :D I give my Eng students the following problem you are a customer at a Casino. By careful observation you note that Player A wins regularly a...
by Professor Emeritus
Wed Oct 22, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering field as a manager and in my heart I believe that everything can be explained with an equation to a reasonable degree OK Humor mode on :happy :D I give my Eng students the following problem you are a customer at a Casino. By careful observation you note that Player A wins regularly a...
by Professor Emeritus
Wed Oct 22, 2014 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Estimated SS COLA for 2015

Estimated COLA would be 1.6%. The Sept CPI W is obviously still outstanding, but both July and August saw drops from the prior months. The above estimate assumes that the Sept CPI W figure will drop at the same rate that July and August did. As of this date, nothing major has occurred in Sept that ...
by Professor Emeritus
Wed Oct 22, 2014 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 17
Views: 1735

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering field as a manager and in my heart I believe that everything can be explained with an equation to a reasonable degree OK Humor mode on :happy :D I give my Eng students the following problem you are a customer at a Casino. By careful observation you note that Player A wins regularly a...
by Professor Emeritus
Wed Oct 22, 2014 9:16 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I'm not an engineer, but agree with the other folks in that I think engineers are some of the best investors. They are by nature and profession data driven and unemotional in their decision making. Those qualities make them terrible at other aspects of their life, but is a great plus when it comes ...
by Professor Emeritus
Wed Oct 22, 2014 8:45 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

As an engineer by major and part of my profession, I am good at picking stocks. I just choose the less risky ones and hold them for an extended period, which most people (engineers or not) would be adverse to doing. This does not prove that you are good at picking stocks. You have to show that you ...
by Professor Emeritus
Wed Oct 22, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Gross Yearly Income needed in Retirement (Speculation)

Point being, it costs money to go to this Kruger Park in South Africa for a couple weeks; I've not been, but other Bogleheads apparently have. It doesn't have to cost much at all to go to Kruger Park for a couple of weeks - rent a car (don't even need 4x4 there) and a tent, self drive around the pa...
by Professor Emeritus
Tue Oct 21, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 76
Views: 4252

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In find engineers tend to be data driven, logical, and do not let emotions influence decision making. Those seem like excellent attributes which would lead them to a boglehead investing mentality. . In my experience Engineers are NUMBERS driven. Whether the numbers are relevant data is often the is...
by Professor Emeritus
Tue Oct 21, 2014 11:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

As an engineer by major and part of my profession, I am good at picking stocks. I just choose the less risky ones and hold them for an extended period, which most people (engineers or not) would be adverse to doing. This does not prove that you are good at picking stocks. You have to show that you ...
by Professor Emeritus
Tue Oct 21, 2014 11:14 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Electricity Adaptor for Europe

I spend a lot of time in Europe and I own European power cords for all my computers. The transformer has a standard international connection and you plug in the appropriate cord. It gives you a proper grounded connection and the cord fits much better into available outlets. Many plug adapters do not...
by Professor Emeritus
Tue Oct 21, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Electricity Adaptor for Europe
Replies: 10
Views: 561

Re: Gross Yearly Income needed in Retirement (Speculation)

dad2000 wrote:Will likely settle in a high cost of living area because we like the ocean.

Post tax:
$70K essentials
$50K discretionary


Almost exactly the same.
We also self insure for long term care.
by Professor Emeritus
Tue Oct 21, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 76
Views: 4252

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In find engineers tend to be data driven, logical, and do not let emotions influence decision making. Those seem like excellent attributes which would lead them to a boglehead investing mentality. . In my experience Engineers are NUMBERS driven. Whether the numbers are relevant data is often the is...
by Professor Emeritus
Tue Oct 21, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 92
Views: 4627

Re: Leon Cooperman giving the same advice as Warren

Grt2bOutdoors wrote:Cash = Fiat money
.


Land deeds=Fiat ownership
Car titles =Fiat ownership

Etc etc etc

All repeat all concepts of property ownership are FIAT

Nothing except the government can create "ownership"
by Professor Emeritus
Tue Oct 21, 2014 6:08 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3145

Re: Buying a house without a realtor

... As long as you keep their interests in the front of your mind, though, you might as well bring another realtor in. If the seller is using a realtor and you don't have one yet, have the seller's realtor work both sides of the transaction. They will likely help lower the price by lowering the com...
by Professor Emeritus
Tue Oct 21, 2014 5:21 am
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2767

Re: Buying a house without a realtor

Your understanding of the law is incorrect A buyer's agent is a fiduciary who owes a total duty of loyalty to the client . That is true BUT... I remember an article in the WSJ some years ago that showed (this was in Chicago I think) that when selling their own houses real estate agents held out lon...
by Professor Emeritus
Mon Oct 20, 2014 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2767

Re: Buying a house without a realtor

Your understanding of the law is incorrect A buyer's agent is a fiduciary who owes a total duty of loyalty to the client. That is true BUT... I remember an article in the WSJ some years ago that showed (this was in Chicago I think) that when selling their own houses real estate agents held out long...
by Professor Emeritus
Mon Oct 20, 2014 6:21 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2767

Re: Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question i...
by Professor Emeritus
Mon Oct 20, 2014 8:12 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Attorney Hourly Rates?

Funny. I was actually talking with a soon to be attorney yesterday who's wrapping up her 8th year of higher education. She rattled off how much her 2 degrees have cost her in round #s and said "and yet people baulk at paying $200 an hour for our service". :happy Americans mostly balk :hap...
by Professor Emeritus
Mon Oct 20, 2014 5:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 2996

Re: Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question i...
by Professor Emeritus
Mon Oct 20, 2014 5:15 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question i...
by Professor Emeritus
Mon Oct 20, 2014 5:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Why do people use age instead of life expectancy?

Professor Emeritus, I'm 59 years old and have a life expectancy of 78. I'm feeling pretty optimistic today, so I've recalculated my life expectancy and adjusted it to 82, based on family history and the fact that I have a nice wife and a warm dog. Given your summary dismissal of the "age in bo...
by Professor Emeritus
Mon Oct 20, 2014 5:09 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Buying a house without a realtor

And it isn't all about the agent fees. IMO, there isn't anything that requires the buyer's agent to have the buyers best interest in mind (that I am aware of). They make money by making the sale. Once they find a house you are even considering, they benefit by convincing you to buy it. I don't need...
by Professor Emeritus
Sun Oct 19, 2014 6:09 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2767

Re: Computer codes availability at indep. repair garages?

Yes, some of that covers overhead like rent, tooling, training, oil disposal, etc; this is how a business works. If your shop is charging less as a loss leader to get in the door then they are under pressure to "up-sell" you and everybody else on different repairs that may or may not be n...
by Professor Emeritus
Sun Oct 19, 2014 1:59 pm
 
Forum: Personal Consumer Issues
Topic: Computer codes availability at indep. repair garages?
Replies: 42
Views: 1814

Re: Considering a more aggressive AA than age = bonds

Just remember your overall asset structure drives your portfolio asset analysis. e.g. what percentage of your overall assets are in your portfolio? We are retired so calculation is easy. We have no human capital. In our case for example DW and I both have pensions and social security and we own our ...
by Professor Emeritus
Sun Oct 19, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3259

Re: POLL: How fulfilling is your retirement?

DW was suddenly disabled. I retired to be her full time caretaker . Is it fulfilling YES. Do I struggle YES. The poll seem slanted in favor of the able bodied/non disabled who have free choices. My position is similar. I retired early because of an ill spouse. (Actually, this gave me an unfortunate...
by Professor Emeritus
Sun Oct 19, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2974

Re: The Final, Definitive Thread on Rebalancing

FreddieG wrote:I rebalance by turning off the news using alternating left and right index fingers on the remote.


My mother used to say that a balanced diet was a cannoli in each hand.
by Professor Emeritus
Sun Oct 19, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Rebalancing
Replies: 24
Views: 1829

Re: Attorney Hourly Rates?

I'm an academic attorney. My attorney is $250 hr in suburban Md. I prep the case for him as well or better than a junior in his firm. That optimizes his time. He is worth every penny I pay him.
by Professor Emeritus
Sun Oct 19, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 2996

Re: POLL: How fulfilling is your retirement?

DW was suddenly disabled. I retired to be her full time caretaker . Is it fulfilling YES. Do I struggle YES. The poll seem slanted in favor of the able bodied/non disabled who have free choices. Just imagine a world in which MONEY is the least of your concerns. That is my world Any of you could be i...
by Professor Emeritus
Sun Oct 19, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2974

Re: Anyone cancelling travel plans?

No, we are not cancelling any travel plans. Why should we? The only fear I have is driving to the airport 70 miles away in January in snow or ice, but even that won't stop me. . Now, if I was scheduled for a photo safari in Africa, maybe I would, but ONLY that. :twisted: :twisted: :twisted: :twiste...
by Professor Emeritus
Sat Oct 18, 2014 5:31 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6180

Re: Why do people use age instead of life expectancy?

StarbuxInvestor wrote:Age is based in reality while life expectancy is a fictitious construct.



ALL past stock performaces are the same kind of reality, just like the brilliance of financial advisors in the past.
sucker bait
by Professor Emeritus
Sat Oct 18, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Why do people use age instead of life expectancy?

"Why do people use age instead of life expectancy?" Because anything beyond any rough rule of thumb is all meaningless false precision. Probably sparked by resistance to accepting uncertainty. The difference in average life expectancy at age 65 between men and women is less than 3 years U...
by Professor Emeritus
Sat Oct 18, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: What to do with Mom's IRA

Stan Dup wrote:[OT comment removed by admin LadyGeek]


In some cases Couples share accounts.
Or expertise in one area does not transfer to others
Let's be nice :happy
by Professor Emeritus
Sat Oct 18, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Mom's IRA
Replies: 8
Views: 856

Re: Home Depot Warranty not honored

I bought a bathroom sink faucet from Home Depot a few years ago, and the finish started coming off. It took months of their saying it was the manufacturer's problem and cycling around before I got a refund. Not buying from them in the future. I go to Lowe's now. That sounds like it is the MFGs prob...
by Professor Emeritus
Sat Oct 18, 2014 8:09 am
 
Forum: Personal Consumer Issues
Topic: Home Depot Warranty not honored
Replies: 26
Views: 2989

Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question is...
by Professor Emeritus
Sat Oct 18, 2014 8:02 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2901

Re: Question - Being a Trustee

Thanks for your responses. I will talk to my friend and his attorney about how my accountability can be limited (i.e. not make any business decisions - officers of the company would be responsible for that). I have been under the assumption that if I do not gain a single penny from the trust then I...
by Professor Emeritus
Fri Oct 17, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question - Being a Trustee
Replies: 19
Views: 1243

Re: How would one negotiate with daycare?

Lets clarify to help the original poster and not derail the topic. This is also the standard terms (at least in my region of the country) when it comes to the business of daycare. Center: Commerical property, building where employees watch the kids In-Home: Residential property in which the busines...
by Professor Emeritus
Fri Oct 17, 2014 3:32 pm
 
Forum: Personal Consumer Issues
Topic: How would one negotiate with daycare?
Replies: 33
Views: 2890

Re: Is it possible to have a favorite movie

:) My first movie date with DW was Cabaret in 1972. Both DW and Movie are still favorites :happy
by Professor Emeritus
Fri Oct 17, 2014 10:50 am
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3063

Re: How would one negotiate with daycare?

I think you are confusing a nanny with someone who run an in-home daycare business. Our in-home providers have been entirely self-employed. They dictate their hours, how many kids (within legal reason) they care for, their policies, their holiday schedules, etc. They pay their employment taxes. The...
by Professor Emeritus
Fri Oct 17, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: How would one negotiate with daycare?
Replies: 33
Views: 2890

Re: Siren song of increased stock allocation

ogd wrote:
StarbuxInvestor wrote:Where to start, where to start.

You could start by ordering decaf for your next cup :beer

.


:happy :D Now you are getting nasty :happy :D
by Professor Emeritus
Fri Oct 17, 2014 5:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Siren song of increased stock allocation
Replies: 38
Views: 2888

Re: How would one negotiate with daycare?

As for in-home care, we did tried to explore the options, but it was a pain to do it legally. I like to know how others have handle in-home. Paul Legally, I'm not aware of any issues with in-home care. They are self-employed and handle all their own taxes. My providers have had their own tax IDs an...
by Professor Emeritus
Thu Oct 16, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: How would one negotiate with daycare?
Replies: 33
Views: 2890

Re: Question - Being a Trustee

Yes, you could be held personally liable for your actions as a trustee and put your assets at risk. That is one of the major advantages of a corporate trustee with deep pockets. Gill +1 This is especially true if the trust is operational e.g. running a business. When I have been a trustee the oblig...
by Professor Emeritus
Thu Oct 16, 2014 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question - Being a Trustee
Replies: 19
Views: 1243

Re: Best place (with warm weather) to raise children

Can't help with much else but remember that "good" schools are schools that outperform the parental demographics. Otherwise the schools just take credit for the educating the offspring of high income well educated parents.
by Professor Emeritus
Thu Oct 16, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 67
Views: 4192

Re: Helping cash poor, land rich relative

I think of it this way.....you're on an airplane and the cabin depressurizes and the air masks drop. Do you put the mask on the child first, perhaps taking enough time where you pass out......and perhaps don't get the mask on the child or do you put the mask on yourself first.....then attend to the...
by Professor Emeritus
Thu Oct 16, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Helping cash poor, land rich relative
Replies: 24
Views: 3885

Re: Relatively new here. What did you do in 2008/09

I had just started working and kept putting a higher percentage into my retirement fund. It was weird because I remember my boss asking if I wanted to decrease my contribution percentage since I started making more in salary. Obviously, I told him no. I have noticed while the "stay the course,...
by Professor Emeritus
Thu Oct 16, 2014 5:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6760

Re: Mortgage from family member

FWIW in our case it worked fine, absolutely no problem. We bought our house from my parents. My inlaws provided CDs as additional security for the first 5 years. 25 year mortgage,paid it off in 12. (lots of incentive to pay off a family mortgage, at least in our case. ) We made outright gifts to our...
by Professor Emeritus
Wed Oct 15, 2014 7:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage from family member
Replies: 21
Views: 1642

Re: Shuffling between TSP, Edward Jones, and Vanguard

The Wizard wrote:We're not big fans of EJ here...


:happy I love understatement. I mean EJ is not in the same category as violent criminals but they probably have the same number of fans her. :happy
by Professor Emeritus
Sat Sep 20, 2014 9:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Shuffling between TSP, Edward Jones, and Vanguard
Replies: 14
Views: 1398
Next

Return to advanced search