Search found 308 matches

by UKbloke
Fri Nov 20, 2009 12:41 am
Forum: Personal Finance (Not Investing)
Topic: how do these monthly expenses compare to yours?
Replies: 105
Views: 14347

Rent $2100 Food $1800 Alcohol $900 Alcohol costs inflated by things like bottle service. Family of 1. Dang, aren't you paying down something like $200K in debt? Now only $135K. Trying to enjoy life as I would without debt. Would be nice to sort of wake up debt-free one day, without experiencing muc...
by UKbloke
Tue Oct 20, 2009 1:19 pm
Forum: Investing - Theory, News & General
Topic: How Scalable is the Bogleheads' Method?
Replies: 33
Views: 5010

If everyone (or the $10T me) indexed, eventually there won't be enough "active" money to set the prices.... The expected profitability of active investing increases with the % of money that is indexed. Monetary incentive thus ensures that we will never see very high %'s of market cap as indexed mon...
by UKbloke
Sun Sep 20, 2009 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Vending Machine Business
Replies: 25
Views: 5403

I assume you don't have a job than? Becuase every job is a business, it's just that you only have one customer. You don't need economic profit to earn a good living. Small businesses easily return 15-20% after expenses (including your labor), even with the occasional mistake along the way. As far a...
by UKbloke
Fri Sep 18, 2009 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Vending Machine Business
Replies: 25
Views: 5403

I believe in EMH with respect to businesses. If it was really profitably, why are you the first person to think to do it? Unless you have something that is non-imitable such as being related to dean of college who will never let anyone else put vending machines until you came along, I dont see how ...
by UKbloke
Mon Sep 14, 2009 4:45 am
Forum: Personal Finance (Not Investing)
Topic: New Grad - No jobs, what to do in spare time?
Replies: 58
Views: 8351

You are too honest here. You have never been unemployed, you have been starting a business and travelling the world.
by UKbloke
Thu Aug 27, 2009 12:58 am
Forum: Investing - Theory, News & General
Topic: WSJ: U.K. Sets Lucrative Tax Loophole
Replies: 4
Views: 1045

Posting before the thread gets closed.
by UKbloke
Sat Aug 22, 2009 7:29 am
Forum: Personal Consumer Issues
Topic: Will you eat out again?
Replies: 57
Views: 7878

1. Your federal government wants to externalize the costs of getting fat.
2. Your local governments want to show you how much calories you are taking.

:roll:
by UKbloke
Mon Aug 03, 2009 12:06 pm
Forum: Personal Consumer Issues
Topic: You know there's a crisis when ...
Replies: 6
Views: 1704

For those who like Belgian beer, check out Duvel and - for the truly sophisticated - Westvleteren.
by UKbloke
Thu Jul 09, 2009 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Semi-retiring in your 30's
Replies: 105
Views: 23098

Re: Semi-retiring in your 30's

neverknow wrote:I wrote up my first business plan - it is notable because it is naive and very funny "Find customers".
neverknow
My business plan is: Improve.
by UKbloke
Wed Jul 08, 2009 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Semi-retiring in your 30's
Replies: 105
Views: 23098

Posters above want to semi-retire early while not giving up the lucrative thing they have going on. The way to achieve both is to become very good at things that build passive income: write books or guides, automated websites and businesses that are big enough so you can afford professional manageme...
by UKbloke
Tue Jul 07, 2009 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for a career in emerging markets
Replies: 19
Views: 3153

Contact entrepreneurs of your nationality who have businesses in the countries you are looking at. For the more exotic countries you mention, they probably all know each other so visit one of them, and you have a foot in the door at all of them.
by UKbloke
Wed Jun 10, 2009 6:01 am
Forum: Investing - Theory, News & General
Topic: Example of inefficient / irrational market
Replies: 12
Views: 2641

SP-diceman wrote:Isn't the real question not about an efficient and or rational market
but about our inefficient and irrational taxcode?


Thanks
SP-diceman
Yes. Free markets have a tendency towards efficiency, but markets aren't free.
by UKbloke
Tue Jun 02, 2009 5:50 am
Forum: Investing - Theory, News & General
Topic: Inflation, it's not a bad thing.
Replies: 25
Views: 3269

Fascinating, thanks for posting. It's amazing that you can still find people who think that structural problems with an economy can fixed by devaluing its currency. The problem is that you are right, but the people who are of this view don't openly admit it. They just create the circumstances where...
by UKbloke
Tue Jun 02, 2009 5:49 am
Forum: Investing - Theory, News & General
Topic: Inflation, it's not a bad thing.
Replies: 25
Views: 3269

Haven't looked at the video, but I think the following arguments could be made: 1) Hoarding wealth in an unproductive way (as opposed to investing or spending it) -- like hoarding land -- is bad for an economy and harmful (maybe even exploitive of) new entrants (e.g., the young) to the economy who ...
by UKbloke
Tue May 26, 2009 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Career Help
Replies: 10
Views: 1860

A web business maybe?
by UKbloke
Fri May 22, 2009 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Starting a Business
Replies: 13
Views: 2367

Not! If you respect your people, your people will respect you. I agree. Most really succesful entrepreneurs have the 'growth mindset'. Think in win-win situations. Make the pie bigger together so everybody can benefit. You shouldn't trust anybody in business, but seeing employees (or other stakehol...
by UKbloke
Thu May 21, 2009 6:27 pm
Forum: Investing - Theory, News & General
Topic: SmartMoney: Why Jeremy Grantham Changed His Mind
Replies: 102
Views: 14016

1. Free markets are reasonably efficient, that is, they have a tendency towards continuously changing equilibria.
2.Asset bubbles exist.

The conclusion is simple. Hint: It can not be discussed on this board.
by UKbloke
Wed May 20, 2009 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How much $ do you need to retire early?
Replies: 60
Views: 13408

Re: Unemployment is a Major Public Health Problem

Unemployment for any reason increases all-cause mortality. Early retirement greatly increases the risk of early death, even when the unemployment was not for disability related reasons. Something to think about. I am totally guessing but I wouldn't be surprised if the real explaining variable here ...
by UKbloke
Wed May 20, 2009 9:59 am
Forum: Personal Consumer Issues
Topic: Valuethinker claimed expenses for clearing moat!!
Replies: 12
Views: 2996

Who's Jordan? You see, you were probably worried about losing Afghanistan, or the world recession, or some other triviality... The fact that gkaplan asked that question does not imply that he considers Afghanistan or the recession a triviality. It simply means that on a marginal basis, he now likes...
by UKbloke
Wed May 20, 2009 9:48 am
Forum: Personal Consumer Issues
Topic: Valuethinker claimed expenses for clearing moat!!
Replies: 12
Views: 2996

Politics is the routinization of corruption, plain and simple. It's a universal human phenomenon to a greater or lesser extent in all complex societies, whether someone is losing a war or not. To some people politics is simple patronage and advantage, to others it is philosophical ideas in conflict...
by UKbloke
Tue May 19, 2009 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Where should one be at 30?
Replies: 103
Views: 38585

100K unlevered net worth @ age 30 would be the minimum for me to feel safe about the future.
by UKbloke
Mon May 18, 2009 8:53 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

Also, what's the point of protecting people with equity caps as they can still invest otherwise anyways... The percentage of people who have the interest to invest on their own are far outnumbered by those who really have no interest and are happy to have the program do all the work and the thinkin...
by UKbloke
Mon May 18, 2009 8:39 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

Would you allow employers to set up alternative retirement programs for their employees? Would they get the same fiscal treatment? Also, what's the point of protecting people with equity caps as they can still invest otherwise anyways... Most people, especially the young, have legitimate pressing c...
by UKbloke
Mon May 18, 2009 8:19 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

SP-diceman wrote: (I guess after rising interest rates and inflation
we will cap the fix-income side of the equation also)
So true. This board has to start realizing (and debating) that the (quasi-)efficiency of free markets in just that: It's only there to the extent markets are free.
by UKbloke
Sun May 17, 2009 12:53 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

Index Fan wrote:I was dumb in my youth.
But you were free to spend your money the way you wanted without being socially engineered. I bet you were pretty happy too.
by UKbloke
Sun May 17, 2009 12:51 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

Would you allow employers to set up alternative retirement programs for their employees? Would they get the same fiscal treatment? Also, what's the point of protecting people with equity caps as they can still invest otherwise anyways... Most people, especially the young, have legitimate pressing c...
by UKbloke
Sun May 17, 2009 9:34 am
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

However, all that does not imply you can - or even if you can, should - force me to use your strategy. If you take your equity cap to its logical conclusion you should force all entrepreneurs to exchange part of their growing company each year to sell bonds and keep their risk profile in check with...
by UKbloke
Sun May 17, 2009 9:32 am
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

This entire thread has a high 'we're the financial elite so let's force the masses into our system' feel around it. More like your posts have the elitists block any deviation from unregulated wild west capitalism because i am on the exploiting winner side of the system attitude no matter how bad th...
by UKbloke
Sun May 17, 2009 9:22 am
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

I tend to lean libertarian on issues, but the moral hazard that results in a democracy when people do not save for retirement and the disasters that visit those who do not know how to invest leads me to think that a low-cost TSP-like plan of forced savings for every worker would be a good idea. I a...
by UKbloke
Sun May 17, 2009 9:20 am
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

So now you also know what my time preference is? Remarkable! The lack of equity cap has not worked out so well because the vast majority of the investing public and 401k advisors are clueless about risk. If this bear market does not teach them that stocks are risky, then nothing will. I am definite...
by UKbloke
Sun May 17, 2009 6:16 am
Forum: Investing - Theory, News & General
Topic: "My Personal Credit Crisis" by a NYT economics rep
Replies: 81
Views: 14084

This guy is his ex-wife's slave. At 4K/month you can easily afford the higher mortgage for your bigger house and an au pair to raise your children. The fact that he did have to pay the equivalent sum without the benefits is just criminal. This guy's biggest blunder was not living the lifestyle he wo...
by UKbloke
Sun May 17, 2009 6:05 am
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

Adrian Nenu wrote:

A 50% cap on equity allocation so that investors get some protection from themselves.
So now you also know what my time preference is? Remarkable!
by UKbloke
Sun May 17, 2009 6:02 am
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

So basically Bogle wants to replace the current corporatist scheme with another corporatist scheme that favors his company. I am not impressed. What if his company is better? Than he should favor the market and face competition. Also, we have to realize that we represent only one point of view. Thi...
by UKbloke
Sat May 16, 2009 9:55 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11474

So basically Bogle wants to replace the current corporatist scheme with another corporatist scheme that favors his company. I am not impressed.
by UKbloke
Sat May 16, 2009 9:57 am
Forum: Investing - Theory, News & General
Topic: "Not A Good Time to Be Middle-Aged"
Replies: 46
Views: 7432

I don't care about GI Bills and class room sizes in public education. The best is yet to come.
by UKbloke
Wed May 06, 2009 8:46 pm
Forum: Investing - Theory, News & General
Topic: SEC's flawed roadmap to saving & financial literacy
Replies: 60
Views: 7611

So the evidence seems to be that, absent forced savings schemes like mandatory pension contributions or mortgage repayment schedules, humans don't save. You forget to mention the biggest assualt on savings governments put in place: Central banks. The inflationary effects by said central planning of...
by UKbloke
Wed May 06, 2009 4:34 pm
Forum: Personal Investments
Topic: Getting back into stocks?
Replies: 14
Views: 3121

My wife has a friend who decided to become a day trader today. I wasn't being facetious about this... she made a few hundred dollars today... I wish she had lost money today. I know a sun of a guy who owns 2 casino's and 30+ gaming halls and he told me the best thing that can happen to them is that...
by UKbloke
Wed May 06, 2009 4:32 pm
Forum: Personal Investments
Topic: Getting back into stocks?
Replies: 14
Views: 3121

Jack, Your first two posts on this forum remarkably coincided with the peak of the bond market and trough of the stock market, which were the subjects of your posts. I'm using this 3rd post of yours as a signal to sell stocks, and eagerly await your fourth post. Indeed, a MSM journalist writing abo...
by UKbloke
Wed Apr 29, 2009 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my BMW?
Replies: 72
Views: 16279

Keep it. Moreover, enjoy the nice engines you all have in your cars as long as it is politically acceptable. In my country I can only afford a BMW with 2 cilinders short of what it should have and I enjoy the driving experience immensely... it (she:)*) just doesn't have the sound and ease of acceler...
by UKbloke
Wed Apr 29, 2009 2:56 pm
Forum: Investing - Theory, News & General
Topic: Do you agree with John Hussman?
Replies: 26
Views: 4983

Every 'correction' the government undertakes is by definition the favoring of one group of people over the others.

I agree with the analysis of this gentleman of who is in which group in this case.
by UKbloke
Sat Apr 25, 2009 7:04 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 587
Views: 141220

sschullo wrote:
preserve wrote:
Ron wrote:I stayed married (40 years, so far :lol: ).

Ron
So is staying single frugal or not frugal?
Well, I would think its cheaper for two people to live in one house than one. I don't know, I have not been single in 34 years.
You can live with friends or search for roommates.
by UKbloke
Sat Apr 25, 2009 6:59 pm
Forum: Investing - Theory, News & General
Topic: Article:Fin'l markets face a lost generation of investors
Replies: 42
Views: 5526

I want the best for humanity but I wouldn't mind affordable stocks for a long time to come while the rest of my generation buys whatever else they buy :)
by UKbloke
Sat Apr 25, 2009 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a home on graduate student income
Replies: 7
Views: 2127

In a low interest environment, you should borrow as much as you can. Of course, you'd expect equities to be overinflated too at that point, so there's some risk in putting your money there also. Anyway, I'd put the 75K in VT (global stock market index) and use the dividends to pay (part of) the rent...
by UKbloke
Wed Apr 22, 2009 12:27 pm
Forum: Personal Investments
Topic: Understand the economy and the current crisis in 77 minutes
Replies: 2
Views: 964

Understand the economy and the current crisis in 77 minutes

This video explains fundamental economic insights in a basic island economy and than shows these same fundamentals still apply.

Highly recommended for those who want to understand the economy and the crisis we are currently in!

http://www.youtube.com/watch?v=bFxvy9XyUtg
by UKbloke
Wed Apr 22, 2009 6:20 am
Forum: Investing - Theory, News & General
Topic: I don't understand deflation
Replies: 38
Views: 4917

Deflation isn't bad when it is caused by an increase in productivity. M x V = P x Q so P = (M x V)/ Q With: M = money supply (how much the FED prints) V = Velocity of money (how many times each dollar gets spend in the time frame you are looking at) P = Price level Q = Amounts of goods sold As inno...
by UKbloke
Tue Apr 21, 2009 6:48 am
Forum: Investing - Theory, News & General
Topic: I don't understand deflation
Replies: 38
Views: 4917

Deflation isn't bad when it is caused by an increase in productivity. M x V = P x Q so P = (M x V)/ Q With: M = money supply (how much the FED prints) V = Velocity of money (how many times each dollar gets spend in the time frame you are looking at) P = Price level Q = Amounts of goods sold As innov...
by UKbloke
Mon Apr 20, 2009 4:06 pm
Forum: Investing - Theory, News & General
Topic: Social (Peer-to-Peer) Lending as an Asset Class?
Replies: 6
Views: 1849

Please check prospers.org for an independent message board on Prosper.com (and other P2P startups).

The idea is nice, but adverse selection and the legislative environment is killing them.
by UKbloke
Fri Apr 17, 2009 7:52 am
Forum: Personal Investments
Topic: Dow 2000?
Replies: 8
Views: 2518

Playing along, why is he shooting so low for the gold to Dow ratio (i.e. 1). Dow 4k-5k Possible. Dow 2k = end of american capitalism. I think the argument is a cogent one and a 1:1 ratio is fairly reasonable. What I find compelling is the fact that we've seen nearly 1:1 twice at the bottom of each ...
by UKbloke
Mon Apr 06, 2009 4:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Bankrupt or Worse
Replies: 51
Views: 12815

I feel the odds that vanguard is a fraud is probably less than the odds that a huge asteroid will collide with the earth destroying life, or that nuclear war will wipe out the northeast. It's certainly less that the odds I'll develop some horrible cancer. So I'm not going to lose sleep tonight beca...
by UKbloke
Mon Apr 06, 2009 11:36 am
Forum: Personal Consumer Issues
Topic: Are you related to a well-known person?
Replies: 88
Views: 13146

Re: Here's one for you...

My first cousin is married to a famous hedge fund manager . I can't mention his name, but, anyone who reads the Wall Street Journal or lives in NYC knows his name. I find the whole thing sad and funny. I am Boglehead to the core and would never dream of giving him one cent of my money. His wealth i...