Search found 606 matches

by Bankai
Sun Jan 19, 2020 12:13 pm
Forum: Lifestyle Questions
Topic: Mens Fashion
Replies: 133
Views: 17206

Re: Mens Fashion

Something tells me that this topic would be much less controversial if the word 'fashion' was not used in the title. There seem to be many allergic to it around here:) @7W5: yeah, dressing appropriately for the occasion is just another skill in the toolbox. As for your super-wealthy friends - they l...
by Bankai
Wed Jan 15, 2020 12:56 pm
Forum: Money Questions
Topic: 1 Jacob Adjusted For Inflation (JAFI)
Replies: 76
Views: 11349

Re: 1 Jacob Adjusted For Inflation (JAFI)

1.48 JAFI pp for 2019. I wonder what exchange rate is best to use - average for the year, year-end, current, or yet something else?
by Bankai
Tue Jan 14, 2020 2:26 pm
Forum: ERE Journals
Topic: Kipling's Journal
Replies: 51
Views: 6378

Re: Kipling's Journal

Your financial situation is really strong. Looking at your expenses, they are likely to go down quite dramatically once you move to the cottage. You'll have collected all the wine you ever need. Travel is likely to go down since you won't need it as an escape from work. Clothes will go down dramatic...
by Bankai
Sun Jan 05, 2020 10:23 am
Forum: Money Questions
Topic: Highest Succesful Withdrawal Rate
Replies: 33
Views: 1424

Re: Highest Succesful Withdrawal Rate

Prophets of doom won't feel safe unless 1% SWR (if at all). It's better to pull the trigger at 4% with the flexibility to cut expenses by 50% in a bad year, combined with decent cash buffer and willingness to engage in some sort of 'value add' activities to make money if required.
by Bankai
Sun Jan 05, 2020 9:57 am
Forum: Money Questions
Topic: Highest Succesful Withdrawal Rate
Replies: 33
Views: 1424

Re: Highest Succesful Withdrawal Rate

why are you guys so cavalier, I can't fathom it. So when unemployment is at a historical high and people are getting laid off left and right, you're gonna go find a job? With your CV gap? Sometimes I wonder if people here actually remember what a proper, actual recession is like. Go ask a young per...
by Bankai
Sat Jan 04, 2020 8:13 pm
Forum: Money Questions
Topic: Highest Succesful Withdrawal Rate
Replies: 33
Views: 1424

Re: Highest Succesful Withdrawal Rate

If you are a UK index investor chances are you will get about average historical returns going forward considered valuations are not demanding. FTSE100 dividend yield is about 4%, add to that predicted economic growth of 2-3% and you can bank 6-7% real returns over the next decade or so. With paid o...
by Bankai
Sat Jan 04, 2020 11:12 am
Forum: Money Questions
Topic: Portfolio evaluation and correcting for the wealth effect
Replies: 37
Views: 1759

Re: Portfolio evaluation and correcting for the wealth effect

Interesting! Should there not be a rule to apply 15,76x only to stocks with PE over that number? Otherwise, one can just buy a basket of low-quality stocks (ie single-digit PE) and conclude one can immediately retire since the 'true' value of one's assets is greater than the current market value.
by Bankai
Wed Jan 01, 2020 8:36 pm
Forum: ERE Journals
Topic: A Journey of Mindfulness--the Remaking of Life in Midstream.
Replies: 645
Views: 145217

Re: A Journey of Mindfulness--the Remaking of Life in Midstream.

Which makes me think that US healthcare system is perfectly set up to keep the masses working forever and hence unlikely to ever be fixed since it benefits everyone (government, corporations, healthcare professionals, pharma industry).
by Bankai
Mon Dec 30, 2019 5:07 am
Forum: Politics, and other eternal disagreements
Topic: Are tattoos stupid?
Replies: 66
Views: 2305

Re: Are tattoos stupid?

Yes, they are. They cost money, expose to health risks, you're likely not to like them after some time, removing costs money again and is not 100%, signalling, they close some doors (albeit probably also open some other doors). I don't see any rational reason to get one. And I don't see how they hav...
by Bankai
Sat Dec 14, 2019 4:43 pm
Forum: Health Questions
Topic: To eat wheat: yay or nay?
Replies: 11
Views: 1090

Re: To eat wheat: yay or nay?

Food is rarely 'good' or 'bad' in a vacuum - even big mac & fries could be a godsend in the right circumstances. I like to think of food as a spectrum. On the one end, there are green leafy veggies, legumes, berries, nuts & seeds... as well as grains. But only whole grains. Processed 'white' grains ...
by Bankai
Fri Dec 13, 2019 10:29 am
Forum: Politics, and other eternal disagreements
Topic: Piracy and Illegal Downloads
Replies: 170
Views: 7194

Re: Piracy and Illegal Downloads

I don't see how market feedback problem would come into effect in case of physical stuff? It either sells or it doesn't. Do you think there's a market feedback problem in bread or housebuilding industries? The birthing forceps example is an interesting one, however not sure how relevant to 21st cent...
by Bankai
Fri Dec 13, 2019 9:55 am
Forum: Politics, and other eternal disagreements
Topic: Piracy and Illegal Downloads
Replies: 170
Views: 7194

Re: Piracy and Illegal Downloads

future innovation would decrease for lack of incentive because many would no longer be able to afford to divert resources to it. Perhaps some would no longer innovate, but how many more would start to innovate? Currently, there are companies which made tons of $ using a single patent; they can now ...
by Bankai
Fri Dec 13, 2019 9:27 am
Forum: Politics, and other eternal disagreements
Topic: Piracy and Illegal Downloads
Replies: 170
Views: 7194

Re: Piracy and Illegal Downloads

@jacob: it's not all or nothing, innovation would still be rewarded - if a new product enters the market, it does take a while for the competition to catch up and possibly overtake. The more complex the product, the longer it would probably take.
by Bankai
Fri Dec 13, 2019 9:20 am
Forum: Politics, and other eternal disagreements
Topic: Piracy and Illegal Downloads
Replies: 170
Views: 7194

Re: Piracy and Illegal Downloads

those employed in those industries were not getting paid or if their wages were stolen I still don't see why their wages would be stolen? Scenario 1: Company A.Corp owns the patent necessary to make item B. Employees at A.Corp get paid since they are needed to make product B and bosses are happy si...
by Bankai
Fri Dec 13, 2019 8:39 am
Forum: Politics, and other eternal disagreements
Topic: Piracy and Illegal Downloads
Replies: 170
Views: 7194

Re: Piracy and Illegal Downloads

Are you saying that abolishing IP rights would lead to companies not making stuff anymore? What about all this production going on that's not subjected to any IP rights? Houses are built and bread is baked every day without any IP protection. If anything, there would be more and cheaper stuff produc...
by Bankai
Fri Dec 13, 2019 8:18 am
Forum: ERE Journals
Topic: Bankai's Journal
Replies: 135
Views: 25610

Re: Bankai's Journal

@Lemur: yeah 'gifts' as a love language def seems incompatible with ERE. Great that you made it work regardless :) I think my wife speaks all 5, but 'words of affirmation' are definitely her main language. Which is great as it's low maintenance. Myself, I'm definitely +2/-2 and like your wife, I'm a...
by Bankai
Wed Dec 11, 2019 9:06 am
Forum: Politics, and other eternal disagreements
Topic: Piracy and Illegal Downloads
Replies: 170
Views: 7194

Re: Piracy and Illegal Downloads

@Jason: you clearly have very specific ideas of what theft and morality are - to you. Great. But these are your ideas, they are not universal. It's fairly obvious looking at the human history that morality means something different to different people and change as times change - some ideas defended...
by Bankai
Tue Dec 10, 2019 1:54 am
Forum: Miscellaneous
Topic: What should I be listening to?
Replies: 25
Views: 1558

Re: What should I be listening to?

Slayer
by Bankai
Mon Dec 09, 2019 5:10 pm
Forum: Money Questions
Topic: What would you do?
Replies: 16
Views: 1177

Re: What would you do?

I guess >100 years of expenses saved allow for some... extravagance :)
by Bankai
Mon Dec 09, 2019 4:49 pm
Forum: ERE Journals
Topic: Frugal chicos journal
Replies: 402
Views: 56518

Re: Frugal chicos journal

1) Well below market value, 2) on partially interest-free loan, 3) in the neighbourhood you like a lot, 4) in a place you want to stay for a long time (forever?), 5) with an opportunity for further savings by DIY renovation with help from family... what's the downside? I get you just sold the house,...