There’s a relatively small group of market professionals that drive most of the market. These people are salaried professionals who work for mutual funds, pension funds, and insurance funds. They all ride the same subway to Wall Street; they all talk with each other, attending the same meetings and conferences; they call each other on [...]
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Site Build It training...more is available than you can imagineThere is an enormous amount of confusion between price and value; this problem was resolved a couple of centuries ago. I’m sure someone with a recent college degree in economics can tell me who finally solved it, but for a long time there was great debate over whether price and value were the same thing, [...]Work may be thought of as a form of self-expression. For instance, when I worked as a physicist, I considered the programs I wrote to simulate neutron stars and the papers I wrote about my understanding of the results a form of self-expression much in the same way a musician picks up a guitar. There’s [...]One of the things I get used to get paid for on a daily basis is was to sit and stare at large amounts of numbers and try to make sense of them. The thing that has repeatedly helped me understand those numbers is to develop some way of visualizing these numbers. It is not [...]Sometimes I get emails asking me whether I think joining the military (with its early pension benefit and paid education, etc.) is a good idea. Seeing that I don’t know how to answer this (I grew up in a country where the military relies on a very small professional core and drafting about 1/3 of [...]Everybody ought to be familiar with the concept of marginal utility, which is the utility/use/satisfaction that adding one more unit brings. For example, suppose you like ice cream cones. Then the marginal utility of the first cone is high. The second is a bit lower, but once the belly fills up and the blood sugar [...]“You know at first, it may seem weird that there is this guy who mainly keeps to himself and wears a trench coat. But then you find out he carries around a concealed sword at all times because he is immortal and the only way he can die is if someone cuts his head off [...]I have added several points to the frequently asked questions. Most of them are intended for infrequent readers of the blog and they now also cover “frequently voiced concerns” like whether one has a duty to work, the “sure it works now, but what if …”-cases, and various nitpickery about the technical definition of the [...]Yes!! Yes!! Yes!! I put it together again (see part I, if you don’t know what I’m talking about). I fixed the bottom bracket by putting in loose 1/4″ bearings as per the instructions on Sheldon Brown’s site. At the same time, I cleaned the chain and the rear wheel hub, and I washed the [...]Interesting Times Magazine #7 is out and my essay (see title) is in there. Go download it for free or buy a paper copy. In this essay I take a more survivalist(*) approach than what you usually see on this blog discussing how ERE principles makes you more adaptive and resilient to the current and [...]Yesterday, I mentioned that one ought to accumulate enough savings to as to only withdraw 3% of one’s portfolio annually. This requires savings of 33.33… times annual expenses. Why 3%? Because historically, 3% has lasted forever, while 4%, historically, “only” has lasted 30 years; and I am expecting to live beyond 63. Naturally, the question [...]
Contributed by Debt community Member Spruce up your finances and live debt free You work really hard throughout your life just to lead a comfortable retired life. You know that you’ll have a lower income level when you’re retired and therefore you hopefully have paid off your entire mortgage loan and also shunned your credit [...]The hypothetical scenario: ‘You’re in your mid-60s and finishing your last year of working. You and your wife both receive Social Security totaled at about $20,000 per year and you have about $500,000 in your IRAs. With your job you’ve been breaking even spending about $45,000 a year. You’re a conservative investor. Question: What retirement [...]Poor is spending 10% of your income on lottery tickets. Frugal is putting 10% of your income in investments. Poor is spending money. Frugal is saving money. Poor is paying $4 for a small box of sugary cereal at the gas station at the corner. Frugal is paying $4 for 4lbs of oatmeal at the [...]HEALTH CARE CHALLENGES FOR RETIREES Everyday for the next 19 to 20 years, roughly 10,000 individuals will turn 65 and become eligible for Medicare when they retire. The biggest wake up call for those who do retire is that they will become fully responsible for their own and most cases their spouse’s health care. Longer [...]To successfully retire early, you need to fill these three requirements You must make enough money and be able invest it well. You must be able to budget your spending. You must be able to enjoy living without work. (You could argue that 1) is two things, but if you don’t make enough money, you [...]So it came to be that the handle of a sledge hammer had fallen onto the spokes of my rear wheel and left it all wobbly and out of true. Now, ordinarily, you can go to the bike shop and have them fix it for $15, you you can buy a truing stand for about [...]I must be crazy. I havehad a government job and thus the best health insurance in the world at a very low cost and yet I cancelled my plan and went with a private provider, why? First of all, I think relying on an employer for health care is positively evil and that this practice [...]
Retirement jobs? Only if we want them. Studies show 50 percent of people who reach retirement age work. Which is the right job for you?