Black Mamba
Member
I took this tour when I was 12. I remember being surprised about how small all the rooms were.
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
PoliGAF 2013 |OT1| Never mind, Wheeeeeeeeeeeeeeee
- Thread starter ClovingWestbrook
- Start date
- Status
I took this tour when I was 12. I remember being surprised about how small all the rooms were.
PhoenixDark
Banned
Nah. I'm not sure we need another black man running for an office he isn't qualified for.
less your qualifications than who you pal around with....
ClovingWestbrook
Banned
You can finally be the GOP operative running as a Dem that you've always wanted to be!
PhoenixDark
Banned
Cheebs would be my Lt. Governor
On a serious note I look forward to see what names PPP polled. Snyder is probably fucked. I'm glad the recall failed because it's so hard to oust a sitting incumbent with one, unless they're just an utter disaster like Gray Davis.
Black Republican
Member
Ruh-roh.
and he'll probably still win
Link
The Autumn Wind
Yep, I'm sticking to my "Republicans will just keep on keeping on" theory.
electricpirate
Member
Ah, the old 1992 strategy.
Who didn't see this coming? Everyone in the tri-state area knew it was bogus.
cartoon_soldier
Member
Come on dude, 9-9-9 will succeed at the state level.
Had a little argument over active versus passive managed funds in the stock market thread that got me interested in reading up on John Bogle. I came out quite impressed. Dude knows his shit. I wish someone would listen to him
https://www.youtube.com/watch?v=mA62qqiYZWU
Really good hour long interview (before 2008)
https://www.youtube.com/watch?v=mA62qqiYZWU
Really good hour long interview (before 2008)
Plinko
Wildcard berths that can't beat teams without a winning record should have homefield advantage
Ruh-roh.
I still can't believe they elected the guy.
The Librarian
Banned
PD did it. Another notch in his political inept belt
The Librarian
Banned
Wait, PD voted for Snyder?
Yup. :/
The Librarian
Banned
LOL
Index funds are the way to go. I wouldn't bother with trying to convince folks in that thread, though; I assume anyone who's interested enough to post regularly in a thread like that is an active investor themselves.
Nothing wrong with that, per se, but it means they're not likely to be moved by your arguments.
I occasionally get in bouts of finance interest. This time it was caused by finding Mr. Money Mustache and Jlcollinsnh's blogs. I was always a pretty big saver, but damn, didnt realize it could have that big of an impact. So, it got me interested in talking finance
What I really liked about that Bogle interview is that he is keenly aware of the structural and cultural problems of wall street. The specifics were what impressed me. I'm tempted to check out one of his books
PhoenixDark
Banned
Didn't like Jennifer Granholm, I met Snyder and thought he would be a no nonsense governor; and tbh he was for a time. But starving cities of tax revenue, then taking them over when their budgets explode is extremism of the highest order.
Investing in the stock market should not be the way working people save for retirement or build their wealth, it's a fucking asinine system that only serve to further enrich the financial industry.Index funds are the way to go. I wouldn't bother with trying to convince folks in that thread, though; I assume anyone who's interested enough to post regularly in a thread like that is an active investor themselves.
Nothing wrong with that, per se, but it means they're not likely to be moved by your arguments.
Well, unless we go back to pensions, its basically impossible to retire decently without investing in the market. Inflation will destroy your savings. You need to at least find a way for your money to match or beat inflation. Right now, the market is basically it
I wasn't trying to make the case for someone to not invest in the stock market right now, you have to do it and I do it as well, I should've probably been more clear.
I was making a bigger point about how fucking retarded that whole approach is, it really only benefits Wall Street and it's the main reason why those fuckers got us all by the balls.
Yup, one of the reasons why I invest all of my money with vanguard. Sure, I'm still enriching the financial industry, but not nearly as much as other companies thanks to Vanguard being run at cost and the investors owning the funds
Do they really think Jeb Bush coming out in support of self-deportation would have helped them any? They can't actually think that, can they?
PhoenixDark
Banned
Exactly. If anything this gave voters a couple lessons they wouldn't have learned otherwise. I think voters could have been convinced going after state workers was fine if there was some semblance of balance involved (ie higher taxes for the rich).
He has done some things I like, and he has largely stayed away from the extremist state GOP social issues agenda, but overall he has been a disaster.
empty vessel
Member
From Secrecy News*:
The hourly minimum wage reached its peak value in 1968, when it was worth $10.57 in real terms, the Congressional Research Service calculated in a new report. But although the nominal value of the minimum wage has increased over the years, it has not kept pace with the increase in consumer prices, and so its real value has fallen. See Inflation and the Real Minimum Wage: A Fact Sheet, February 26, 2013.
* Secrecy News sounds like a conspiracy site, but it's actually a site run by the Federation of American Scientists and that disseminates Congressional Research Service reports that aren't disseminated to the public by Congress.
Also, a sequester FAQ.
The hourly minimum wage reached its peak value in 1968, when it was worth $10.57 in real terms, the Congressional Research Service calculated in a new report. But although the nominal value of the minimum wage has increased over the years, it has not kept pace with the increase in consumer prices, and so its real value has fallen. See Inflation and the Real Minimum Wage: A Fact Sheet, February 26, 2013.
* Secrecy News sounds like a conspiracy site, but it's actually a site run by the Federation of American Scientists and that disseminates Congressional Research Service reports that aren't disseminated to the public by Congress.
Also, a sequester FAQ.
Couldn't it be entirely socialized? Trade x dollars now from the paycheck for interest bearing dollars in the future (via a US Bond program specifically for retirement)*?
*I have no idea how any of this works, in spite of holding several degrees and being thousands in debt due to school loans, I've never been fortunate enough to have a real job that has any sort of perks.
That's basically Social security
We could always ramp up the funding for social security, but I dont see that happening any time soon.
Also, an individual who makes an income can fund a traditional or Roth IRA for retirement. I would totally pay down those loans first, especially if its an interest rate over 3-4%, but you arent excluded from retirement accounts just because you dont have a 401k.
Also, a HDHP combined with an HSA (basically a traditional IRA that you can take medical expenses out tax free) seems to be a great way to invest for health costs and retirement (if youre healthy). If its still an option for me, I am totally going to do that next year.
The fact that we enrich unproductive people is the least of the problems I have with it.
The main issue is that we're supposed to know how much money you'll need in retirement, and how the fuck am I suppose to do that?
It's impossible question to answer without knowing the future, so the only sensible thing to do is over-save, which is not good for us and not good for the economy (as this was money that productive people could've used).
And on a personal level, why the fuck do I need to spend so much time learning Wall Street bullshit?
When being "good investor" became the most important skill in the world, one that failing in it can sentence you to death by homelessness?
It's unconscionable to me that a person could work all their life, and still not have enough money for retirement because they didn't understand the stock market well enough.
As for solutions, I would just fund pensions from taxes, I know that's never gonna happen, but even a government issues retirement bonds (that is only available to residents) with respectable returns are going to be vastly superior to the crap we currently have.
Yea, someone finally decides minimum wage should not only increase but be tied to inflation and all the Austrian guys flip their shit. (I don't know that they're all of the Austrian school, but from my experience they probably have shades of it)
EDIT: Never mind the Chicago school has just shown up to the thread. Here comes the downward spiral.
Being a good investor takes no time and no skill
Total Stock market
Total International Stock Market
Total Bond Market
Whatever ratios you want depending on how much risk you can handle.
Personally, I think we should drill that into high school kids. Its absolutely mind-boggling to me that most high school kids are not taught basic finanace
You're forgetting the very important skill of "not having a market crash in the wrong time".
But a bit more seriously, the biggest question is just how much money should I save, and that's an impossible question to answer.
Even the best index fund is not going to help if I didn't put enough money into it.
We all act like being conservative and saving too much is good, but that's just mean you lived below your means for no good reason. It's like we're running an insurance company with one client.
p.s.
You may know that, but not all people do, and I can't blame them, we have an entire industry with its own newspapers and TV channels dedicated to pushing those lies to the people.
Well, personally it doesnt really bother me because I'm not a very materialistic person. I don't like buying things since most of that crap I get very little enjoyment out of and just takes up space. early retirement and travel, on the other hand...
Thats basically why im saving a crap load now since if i can retire early and travel it would be totally worth giving up that new car, ipad, etc
As for your retirement number, take your average spending multiply that by how many years you want to spend in retirement and adjust for inflation. Bam, retirement number
empty vessel
Member
Or we could even just have a retirement wage, which is basically what social security can be conceived as. So maybe then we could just increase the retirement wage we already have to a level that is high enough to support the basic necessities: rent, food, health, and a little entertainment, basically a decent standard of retirement living. That would change social security from a retirement insurance program to just a retirement program, but that certainly works for me. People could obviously save more if they want to retire more handsomely.
pff what a bunch of bullshit, im returning this game.
You don't need the Simoleons!
zero shift
Banned
Sad that Chavez died. Not that I agreed with him on everything, but he did do some good things.
Modern Monetarists are quite antagonistic to Austrians. Old school monetarists are actually reflected in bit-coins.
NYCmetsfan
Banned
Watching Fox?
Economists who believe that science has valuable input into their work are antagonistic to Austrians.
Was watching a clip on Mediaite, actually. Powers was bitching about Obama's "lack of transparency" on BENGHAZI BENGHAZI BENGHAZI
Aw, Paul Ryan pussied out on his new medicare proposal:
https://twitter.com/NicholsUprising/status/309166884870291456
Guess he thought too much freedom all at once would be too overwhelming.
https://twitter.com/NicholsUprising/status/309166884870291456
Guess he thought too much freedom all at once would be too overwhelming.
- Status