If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Once again I find myself compelled to climb my heavily used soap box (which I of course got for free).
I just read this piece on CNBC which describes a blogging chain reaction following the Federal Reserves decision to [...]
Access to credit: Why the young generation should avoid it
It’s buy nothing day today.
- So are you going shopping today?
- Nah, I’m going to stay at home and read my book.
- What book could be more fun than shopping?
- My bank book!
Anyone else not joining the mayhem today?
The death of buy and hold?
Dollar cost averaging index investing is the most frequently one-size-fits all strategy suggested by personal finance bloggers. There are many reasons. It is easy to follow. It promotes discipline. It is supported by Nobel Prize winners(*). And perhaps most conveniently, everybody else supports it, so you don’t have to think about justifying it further(**).
(*) Pop-quiz: [...]
What the down market means for extreme early retirement?
It is basically making it a lot easier. Thanks guys!
This is a response to Frugal Bachelor who noted that pf bloggers have gotten awfully quiet about the market. On the same note, pf bloggers have also gotten awfully quiet about the 100 push up challenge, but I digress (as usual).
For me and other people [...]
What do you see when you look at someone?
Thoughts on contingency and what could happen…
Before we moved we used to live in a middle class neighborhood. Okay, so everything is considered middle class these days, so to be more accurate, this was considered a blue collar neighborhood in one of the highest income mid-sized towns in the US. Home prices ranges from upper [...]
Look on my works, ye Mighty, and despair!
Poems appropriate for the economy:
I met a traveller from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shatter’d visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamp’d on these lifeless [...]
I just bought another 100 shares of GE today
GE just set a new intraday low at 14.61 after which the stock went up and closed at 16.86 (I may be off on the last decimal). Apparently, I’m in good company today. Jeff Immelt (the CEO) bought 50,000 shares (apparently he has more money than I do, eh?) at 16.41 and the VP of [...]
Economic oversimplication
A major problem of economic thought is that economics is not recognized as a complex non-linear system. Non-linearity generally means that the system can not be described as the sum of independent non-interacting components. Of course humans are inherently predisposed to exactly that kind of thinking. Humans are always looking for causes to explain effects. [...]
Election day: You decide where we will be in 4-8 years!
Before you vote, you may want to watch this 30 minute I.O.U.S.A. clip on youtube. History shows (think Soviet Union for a recent example) that the wrong fiscal policy can be as almost as destructive to the general welfare of the population as conventional war.
Here is an article to the main candidates’ position on the [...]
A tale of three species part III
Profits in the land continued to erode and businessmen began to realize that without increased consumption it would be impossible to support the excess factories and the massive amount of debt they had taken on. The government tried to help by given everybody some money, but most just paid off some of their debt postponing [...]
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- The death of buy and hold?
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