Search found 212 matches

by suomalainen
Mon Feb 12, 2018 10:39 pm
Forum: ERE Journals
Topic: Suomalaisen Päiväkirja
Replies: 83
Views: 7688

Bug or Feature?

I'm sure the idea of "is it a bug or is it a feature?" has been well-known amongst the tech crowd for many years, and I'm not entirely certain when it entered the popular lexicon, but I've enjoyed that turn of phrase and the interesting take on perspective it raises for a few years now. I've been fe...
by suomalainen
Wed Feb 07, 2018 9:37 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

@everyone To perhaps sum up what everyone is saying, I think we are all sort of saying the same thing, but coming at it from different angles. Think of investing skill on a Wheaton type scale. Let's first acknowledge that I am at the more "amateur" end of the investing scale and some (all?) of you a...
by suomalainen
Wed Feb 07, 2018 3:13 pm
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 49
Views: 2195

Re: Investing Process - or how to think about investing

@jacob I get it. Dunno if I have the skill for it, but I get it. @frommi (and maybe also @jacob?) I think you mentioned Buffett doing this in the 60s in the other thread. Aren't those the "cigarette butts" he'd pick up off the ground for a one or two puffs and he said something like Munger was the o...
by suomalainen
Wed Feb 07, 2018 1:41 pm
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 49
Views: 2195

Re: Investing Process - or how to think about investing

@jacob, no I get it what you're saying, and I'm not looking for a short cut. My short cut is just not doing it! But the "it" that I'm not doing is doing massive amounts of reading to get a "feel for the market". Maybe I'm not saying this right. For example, I'm a lawyer right? I have expertise in a ...
by suomalainen
Wed Feb 07, 2018 1:12 pm
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 49
Views: 2195

Re: Investing Process - or how to think about investing

they had developed hundreds and hundreds of experiential rules from which they could intuit when to put a position on and how much. The best amongst them were somewhat consciously aware of these rules and capable of changing their behavior and trying the opposite even if it didn't "feel" right to t...
by suomalainen
Wed Feb 07, 2018 1:04 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

@frommi Thank you. That was a much more thoughtful response, which is much appreciated. I understand what you're saying. Well, most of it anyway. I stay away from currencies. I will still respectfully disagree with the idea that making an educated guess for growth rate isn't that hard. 1 year out? S...
by suomalainen
Wed Feb 07, 2018 10:58 am
Forum: Money Questions
Topic: Investing Process - or how to think about investing
Replies: 49
Views: 2195

Investing Process - or how to think about investing

On another thread, and I've run across this attitude in other places, I've been dismissed when asking about people's investing philosophy. "If you don't already know how to invest like a pro, like me, I'm not going to tell you; go get yourself educated, just not here" is the attitude. So, I thought ...
by suomalainen
Wed Feb 07, 2018 10:20 am
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

@frommi selectively quoting me now? I did read your link. Very pedestrian. You know, what strikes me is that people make these assertions that it’s sooooo easy to beat the market, but they can’t even be bothered to explain. A dismissal isn’t persuasive. Why all the mysticism? If it’s so easy just te...
by suomalainen
Wed Feb 07, 2018 9:02 am
Forum: ERE Journals
Topic: A Journey of Mindfulness--the Remaking of Life in Midstream.
Replies: 407
Views: 89128

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

The insurance company approach. I like it! Invest your "surplus" in gold! :lol:
by suomalainen
Wed Feb 07, 2018 8:48 am
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

"dividend yield"+"growth"+"change in valuation" you have everything at your disposal to roughly estimate the return on any stable stock, real estate or bond. How is that hard? Fixed it for you: (future) "dividend yield"+ (future) "growth"+ (future) "change in valuation" you have everything at your ...
by suomalainen
Wed Feb 07, 2018 6:34 am
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

@P_K very mature of you to indirectly criticize my arguments via fake commiserating with poor @Jacob just having to engage in an Internet forum discussion with poor dumb idiot like me, instead of addressing your criticism directly at me. I have to laugh every time someone says “If professionals can’...
by suomalainen
Wed Feb 07, 2018 6:27 am
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

[deleted double post after the edit]
by suomalainen
Tue Feb 06, 2018 10:38 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

10% chance of beating the market means a 90% chance of...not...Totally unrelatedly, there's a funny statistic that something like 90% of people believe they are above average. I think the core of my disagreement is that plumbing /= investing. Investing in some sense is about predicting an uncertain ...
by suomalainen
Tue Feb 06, 2018 6:26 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

@Jacob I disagree. The market return is sort of your BATNA. You can use a "sufficient return to provide for my needs" benchmark, as well, but in either case, the future return of the market or a selective basket of stocks is not knowable. As a result, the question then becomes what is my *best* opti...
by suomalainen
Tue Feb 06, 2018 4:50 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

The point taken is pretty intuitive. The question is whether I should spend my time reading 10-K’s to make individual value picks, or continue to crush overtime and dump the extra money mindlessly into index funds. To me, this comes across as a question of your personal ROI. Is your time better spe...
by suomalainen
Tue Feb 06, 2018 12:36 am
Forum: Lifestyle Questions
Topic: Wealth, money, numbers
Replies: 19
Views: 1501

Re: Wealth, money, numbers

@jp Hmm. When I was younger, before I was married, I remember looking at a family with kids in their teen years and wondering to myself "Why don't they just do X?" Now that I'm on the other side, I find myself trying hard to not be utterly dismissive of people without kids telling me how I should ju...
by suomalainen
Sun Feb 04, 2018 7:50 pm
Forum: Lifestyle Questions
Topic: Wealth, money, numbers
Replies: 19
Views: 1501

Re: Wealth, money, numbers

I think there is a fallacy in your final paragraph. What if the point of accumulating money for some is to accumulate money? Scorekeeping, if you will. Also, I think the question for you is whether “you are emotionally invested in having money”. In other words, do you prefer at this point to have yo...
by suomalainen
Sun Feb 04, 2018 7:29 pm
Forum: ERE Journals
Topic: Tyler9000's Journal
Replies: 165
Views: 39423

Re: Tyler9000's Journal

Our old cat that we've had for ~16 years has recently become a little senile and developed a habit of screaming bloody murder for attention, which makes her a problematic neighbor and a terrible roommate in a small space...we've joked that we feel like parents waiting for the last teenager to move ...
by suomalainen
Sat Feb 03, 2018 8:52 am
Forum: Money Questions
Topic: Anyone using kimblechartingsolutions?
Replies: 2
Views: 176

Re: Anyone using kimblechartingsolutions?

“Technical analysis” = reading tea leaves. FWIW, I’ve found earl grey is the most accurate.
by suomalainen
Thu Feb 01, 2018 11:34 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

@tD yeah, there are a lot of "index funds" these days that aren't really that. Someone will create an "index" and then create a fund to "track" it. Or maybe it goes the other way around (smart beta and all the rest)! Either way, I'm a "Random Walk on Wall Street" kinda of guy, so I don't put too muc...
by suomalainen
Thu Feb 01, 2018 11:10 pm
Forum: Lifestyle Questions
Topic: Thoughts about respectability
Replies: 26
Views: 1389

Re: Thoughts about respectability

Huh. I always heard it as "Learn to live on lentils and the kids will suck the lentil juice right out of you until you're just a husk of your former self."

I may have heard it wrong.
by suomalainen
Thu Feb 01, 2018 5:48 pm
Forum: Money Questions
Topic: Anti-Index Fund Literature
Replies: 39
Views: 1675

Re: Anti-Index Fund Literature

Best finance writer out there is Matt Levine over at Bloomberg. Been reading him for years. He is NOT a personal finance writer, but covers esoterica in institutional finance (was a lawyer and then a derivatives-structurer for Goldman Sachs before becoming a blogger/writer). Anyway, he has this bent...
by suomalainen
Thu Feb 01, 2018 5:39 pm
Forum: ERE Journals
Topic: Fish's Enlightenment
Replies: 42
Views: 4320

Re: Fish's Enlightenment

@jp and @fbeyer Oh, don't get me wrong, I don't coddle my kids either. Coats, food, shoes - I don't care. Do what you will. It's more the sentiment I relate to that you're "supposed" to congratulate someone who is pregnant or just had a kid when inside I laugh and laugh and think "what have you done?"
by suomalainen
Thu Feb 01, 2018 8:03 am
Forum: ERE Journals
Topic: Fish's Enlightenment
Replies: 42
Views: 4320

Re: Fish's Enlightenment

Progress! Nice! I remember that age - the play dates and birthday parties and plastic toys and creativity and imagination. But not as well as you’d think, actually. The kids don’t really remember it at all; the only real remnant is the way you relate becomes “sticky” as you roll from one year to the...
by suomalainen
Wed Jan 31, 2018 2:33 pm
Forum: Money Questions
Topic: Is It Just Me or Do HSAs Suck?
Replies: 20
Views: 1017

Re: Is It Just Me or Do HSAs Suck?

Depends on what you're comparing. HSAs compared to other managed accounts (like 401ks) tend to have fewer choices and higher fees. Both HSAs and 401ks are more expensive and have crappier options than a regular old brokerage account. But, the HSA tax advantage makes it the best account out there, re...