Search found 308 matches

by UKbloke
Thu Nov 19, 2009 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: how do these monthly expenses compare to yours?
Replies: 105
Views: 15592

market timer wrote:
thedude wrote:
market timer wrote: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 much hardship from saving. Soon, I'll only be on the hook to Uncle Sam.
Amazing that you manage liquidity like that when you are that insolvent. You'll end up more than broke or a multimillionaire, time will tell which.
by UKbloke
Tue Oct 20, 2009 1:19 pm
Forum: Investing - Theory, News & General
Topic: How Scalable is the Bogleheads' Method?
Replies: 33
Views: 5276

Boglenaut wrote: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 money.

It's like poker, you play tight if the table is playing loose and vice versa. If you don't want to learn beyond the basics, you 'index' i.e. follow a standard game plan with a tight agressive tilt.
by UKbloke
Sun Sep 20, 2009 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Vending Machine Business
Replies: 25
Views: 5874

LesterFreamon wrote:
UKbloke wrote: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 as I can tell, vending machines aren't run by highly sophisticated management teams. The OP will do fine in this biz. A boglehead mentality (cost mindset) seems a good fit.
The average cost of product (generic) for the machine is less than $.20 a pack. I can sell this for a $1. 500% markup, 400% margin, and all cash. I could find a worse business.
Your time is also money.
by UKbloke
Fri Sep 18, 2009 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Vending Machine Business
Replies: 25
Views: 5874

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 it could really grant you an economic profit for your time/investment/risk. 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 as I can tell, vending machines aren't run by highly sophisticated managemen...
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: 8859

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: 1153

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: 8464

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: 1818

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: 24626

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: 24626

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 management.

Now find something you love that fits those criteria and you can not only retire early, you will never have the feeling you work too hard.
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: 3339

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: 2778

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: 3525

raymondalombardo wrote:
Specialized wrote: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 it becomes the only realistic alternative.
You are more optimistic than me.
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: 3525

Valuethinker wrote:
Valuethinker wrote:
jimdigriztn wrote:
dothemontecarlo wrote: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 need some of that wealth.

2) Inflation is a tax on unproductive hoarding of wealth (just as property taxes are often structured to disincentivize the unproductive hoarding of land).

So a moderate level of inflation is socially and economically useful.
Property is theft ;-).

Didn't a fellow named Marx suggest that?
Valuethinker, who owns your body?
by UKbloke
Tue May 26, 2009 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Career Help
Replies: 10
Views: 1997

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: 2529

SteveB3005 wrote: 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 stakeholders) as your enemies is not the best way to get rich.
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: 14810

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: 13953

Re: Unemployment is a Major Public Health Problem

zzcooper123 wrote: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 would be mental and physical activity, rather than employment which is merely an organized way of doing just that.
by UKbloke
Wed May 20, 2009 9:59 am
Forum: Personal Consumer Issues
Topic: Valuethinker claimed expenses for clearing moat!!
Replies: 12
Views: 3155

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 to know who Jordan is rather than discuss politics or economics on a board where this is not always welcomed, on the internet where he might visit dozens of other sites discussing politics, etcetera. Assuming you can analyze general preferences from observing situation, time and location specific actions is a common mistake among economists. (I don't know if you are one but I've had an 'education' in it and just wanted to point out the similarit...
by UKbloke
Wed May 20, 2009 9:48 am
Forum: Personal Consumer Issues
Topic: Valuethinker claimed expenses for clearing moat!!
Replies: 12
Views: 3155

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. But when it comes right down to it, politicians always do well whether they do good or not. This is an observation, not a judgment! So is business, alas. Unless there is fear of strong legal retribution. No. Business faces competition, which gives an incentive to provide what the costumer wants. It is the fact that governments are monopolies that allows for corruption to take place an a large scale, for a long time. Most of the transactions you...
by UKbloke
Tue May 19, 2009 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Where should one be at 30?
Replies: 103
Views: 40839

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: 12307

bob90245 wrote:
UKbloke wrote: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 thinking for them.
The first part you can measure, the underlined part you can not know (unless you have done surveys or seen research I am unaware of).

Anyway, if you believe in this, it's a great market opportunity to start a company that does 'all the work and the thinking for them'.

Except I think that already exists; and from what I see these companies have all the incentives to make sure no potential customers are left unconverted.
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: 12307

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 concerns, such as raising their children, paying off school loans, saving for a home, medical issues. Retirement looks far away, so they put off making retirement-related decisions. The point of an auto-pilot system (automatic enrollment, default investments in low cost well diversified index funds, limits on investment types, limits on % invested in equities, etc . -- with opt out provisions) is to make a "failure to decide" into a reas...
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: 12307

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: 12307

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: 12307

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 concerns, such as raising their children, paying off school loans, saving for a home, medical issues. Retirement looks far away, so they put off making retirement-related decisions. The point of an auto-pilot system (automatic enrollment, default investments in low cost well diversified index funds, limits on investment types, limits on % invested in equities, etc . -- with opt out provisions) is to make a "failure to decide" into a reas...
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: 12307

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 your philosophy. I am sure this is not your intented consequence. I back Adrian's 50% cap on stocks in an employer-sponsored retirment account. There's nothing stopping you from opting out of the (proposed) program and invest as you wish on your own. 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 the...
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: 12307

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 the outcome for society is. We Bogleheads voluntarily provide capital for businesses founded by business men that want to run them using our money, that have employees that want to work there and costumers that prefer their products. I don't see this as being exploiting anyone, in principle. That said, I can see your point in reality given that corporations or other special interest groups start lobbying for there own sake, at the expense of societ...
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: 12307

Index Fan wrote: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 also like the idea of a 50% cap on equity allocation within this plan. A default conservative target-retirement approach or even a straight-up balanced fund approach would be a good thing.
As I am sure you realize, a libertarian society would not have a democracy.
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: 12307

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 definitely leaning towards the Zivi Bodie camp when it comes to buy & hold asset allocation. Adrian anenu@tampabay.rr.com I applaud you for having studied investing well, and I am sure your Zivi Bodie strategy will serve you well. I am sure sharing your wisdom and rules of thumb will help out many future Bogleheads. 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 it...
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: 14943

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 worked for, but not signing a pre-nup.
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: 12307

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: 12307

thenextguy wrote:
UKbloke wrote: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. This entire thread has a high 'we're the financial elite so let's force the masses into our system' feel around it.
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: 12307

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: 7853

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: 7989

Valuethinker wrote:
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 the money supply is far bigger than whatever policy the government implements to give a bit of your money back (e.g. mortgages).
by UKbloke
Wed May 06, 2009 4:34 pm
Forum: Personal Investments
Topic: Getting back into stocks?
Replies: 14
Views: 3353

Boglenaut wrote:
Boglenaut wrote: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 people win the first time they visit.

This of course makes sense from a psychological perspective.
by UKbloke
Wed May 06, 2009 4:32 pm
Forum: Personal Investments
Topic: Getting back into stocks?
Replies: 14
Views: 3353

market timer wrote: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 about getting back into stocks is a very bearish signal!

No changes to my planned purchases though, or what did you expect...
by UKbloke
Wed Apr 29, 2009 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my BMW?
Replies: 72
Views: 17245

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 acceleration a bimmer deserves.

* A BMW takes time to warm up but once running, it keeps going until you are satisfied... and than begs for more.
by UKbloke
Wed Apr 29, 2009 2:56 pm
Forum: Investing - Theory, News & General
Topic: Do you agree with John Hussman?
Replies: 26
Views: 5266

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: 642
Views: 161116

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: 5891

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: 2271

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 or mortgage.
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: 1081

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: 5364

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 innovation increases productivity year over year, Q increases, hence you can see how even zero inflation is a tax on society imposed by those who print enough money to compensate the higher Q with more M. The other reason you might want to increase M is to cover for a decreasing V. This is when people save more and spend less, i.e. in a recession. They rather keep the money in there pocket than spend it. Debunking this argument would lead me too much...
by UKbloke
Tue Apr 21, 2009 6:48 am
Forum: Investing - Theory, News & General
Topic: I don't understand deflation
Replies: 38
Views: 5364

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 innovation increases productivity year over year, Q increases, hence you can see how even zero inflation is a tax on society imposed by those who print enough money to compensate the higher Q with more M. The other reason you might want to increase M is to cover for a decreasing V. This is when people save more and spend less, i.e. in a recession. They rather keep the money in there pocket than spend it. Debunking this argument would lead me too much ...
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: 1987

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: 2639

Wonk wrote:
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 of the last 2 secular bear markets in equities.
Gold has no real returns, risk capital (equity) has. Saying 1:1 ratio will return is saying the new bottom will be deeper, more severe, right?

Assuming 3% real returns, the ratio that signals a bottom as deep as the previous 1:1 one should double every ~35 years.

Can someone explain why this logic in wrong or incomplete?
by UKbloke
Mon Apr 06, 2009 4:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Bankrupt or Worse
Replies: 51
Views: 13564

lmpmd wrote: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 because 90% of my money is there. Because if I'm logical, then I'll have to worry about the other fears more.
Incorrect.

You have to factor in the impact you have on the outcome of the problem.

In other words, you can diversify away Vanguard fraud, but not huge asteroids.
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: 13855

Re: Here's one for you...

Offshore wrote: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 is obscene. I could tell you stories that would evoke emotion (suprise, anger, disbelief).

Trust me, he is famous. Could I capitalize by investing with him? We'll never know! :wink:
Please! We want stories! We NEED stories! :D