Forum Replies Created
-
AuthorPosts
-
svelteParticipant[quote=barnaby33] I think the problems people are focusing on are distractions to avoid dealing with the real issues in front of us. Overpopulation…
Josh[/quote]I am continually amazed at how many of the “save the planet” folks do not even MENTION overpopulation, or at least population growth.
That is the one thing that will do the most to preserve the planet in the long term, and the one thing that never leaves their lips.
svelteParticipant[quote=svelte] From June 3:
Unless something happens earlier to make folks flee, I think it will happen at the end of June, +/- 2 weeks.
Once people see how bad earnings are in a number of industries from the quarterly numbers and starting thinking through that even though we are slowly getting moving again, there will be many companies that don’t make – a minor panic will set in and people will sell. In other words, if you want to beat the rush, you should pull your money out in the next 13 days.
I certainly could be wrong, but that sounds like what is about to happen to me.[/quote]
Well I was five days off. Not too bad.
svelteParticipant[quote=Coronita]
C8 Stingray is an absolute must for happiness at Thunder Hill.
[/quote]Got your C8 for you right here. Only $48K over sticker.
https://www.autoblog.com/2020/06/08/2020-c8-chevy-corvette-wrecked-valued-over-new-car/
svelteParticipant[quote=scaredyclassic]
Id be curious on others odd jobs[/quote]newspaper delivery (actually made quite a bit o money)
Grocery bagger/stocker/checkout at large grocery store
Trench digger for landscaping company (had a great tan that summer!)
Mobile home dismantler
Lawn mowing business owner
Sign painter
Night shift operator at a cable TV HQ
Night clerk at a convenience store
Those are the jobs that helped convince me that being a manual laborer was not where I wanted to be.
svelteParticipant[quote=scaredyclassic]
but statistics should be taught better in grade school
[/quote]
Probably true, but there is still a slice of the population that would do it anyway.
I used to think that better education would solve the world’s problems. Now I really doubt it. I guess I’ve become cynical. You can lead a man to knowledge but you can’t make him think.
svelteParticipantDon’t want to see police eliminated, but reducing their funding would be A-OK with me.
First thing to go: DUI checkpoints. Have you read the outbriefs on those things? Most of the time they don’t get a single DUI, at least here in North County.
What a waste of time, manpower, and money.
I know they are really there for OTHER reasons, but that’s part of my point. They shouldn’t be hiding other intentions under the guise of DUI checkpoints.
svelteParticipant[quote=Hobie]
I will add: Let them be kids. No need to rush them into the real world. Each kid rises on their own internal time line.[/quote]+1
My kids all didn’t do the HS straight to University path. They took some time off because they realized, correctly it turns out, that it was the only time in their life they would be unencumbered and truly free to go out and do anything their heart desired. It worried me as a parent but I couldn’t say anything because I had done the same thing. And for the most part I’m glad I did and glad they did.
There are moments where I wished I had been out of school earlier so my 401K would be bigger, etc, but those floating years allowed me to find myself and determine my true interests. And *that* has paid off handsomely.
Had I continued on with what I thought I wanted to be when I was 18, I’d have a lot less money now, virtually guaranteed.
svelteParticipant[quote=Coronita]I really didn’t want my kid to go to Canyon Crest Academy.
This is not going to be fun. I tried convincing taking an easier life approach. Take more electives, photography, digital arts, etc. Oh well. At least we’re just disagreeing on school choices , not drugs, alcohol, friends, relationships…yet….[/quote]
Spot on. I do agree it is a fine school and if the son/daughter chooses to push themselves harder than you’d like, more power to them! I’m sure you do, but support their choices even if you disagree…they are doing what interests them and that almost always pays off in the end.
Unless what interests them is a history or liberal arts degree lol.
svelteParticipant[quote=scaredyclassic]Its not THAT bad.
But i was really counting on sdsu. My top choice.
30k cheaper, plus an hour away to visit.
Kid cares a bit less than me
.But then again its not his 30k, and he isnt as excited about visits as i am.
Cal st san marcos i guess is my safety school[/quote]
I’m just a few miles from CSUSM, it’s a fine school. They are just standing up their school of engineering with the help of Viasat. I’m looking forward to it.
One of my kids went to school in northern Calif, probably partly because it was his father’s alma mater and partly to put distance in between him and his doting dad.
He now lives with wife and kid in SF and we just found out this week his wife is expecting twins. We’re all a little freaked out by that. But he’s planning on leaving SF now, and talking about possibly so cal or sacramento. he and his wife are making more $$ than they know what to do with, but they are feeling the strong urge to build a suburban nest, first time I’ve ever heard him talk like that!
back to school: it’s a lot more important that your kid attends a school he likes and has a good experience. That will motivate him/her to do well and, as long as they pick a good major and a decent school, it will all work out in the end. Been there, done that. A few times.
svelteParticipant[quote=ltsddd]
I think every parent should give JC a hard look. Go to JC for 2 years then transfer, unless that freshman-year college experience is that important for the kid. Otherwise, don’t see why parents want to pay $30K/year just to take general ed at a UC school for the first 2 years.[/quote]
I’m with you here buddy.
In fact, I only paid part of my kid’s college – they had to pick up the rest.
I think UC is overrated personally. I’ve got a State degree and make more $$ than friends that went to UC and two Harvard grads I know! In fact, the Harvard grads work for me!
People think through college rankings too much. Get a good education and put the rest of your energy to performing well on the job.
svelteParticipant. dupe .
svelteParticipant[quote=Rich Toscano][quote=svelte][quote=Rich Toscano]
Where we might part ways is in other risk assets. There are areas of the global stock market that — even after this huge rally — are still priced for positive long-term returns. In specific, developed intl value stocks are priced for returns that are slightly under the average stock returns — not great but ok. Emerging value stocks are priced for substantially higher than normal returns.
[/quote]So here is where I get confused.
I’m pretty sure I’ve heard you say, Rich, that one shouldn’t try and time the market but should invest for the long term as in decades.
But the above sounds like you’re advocating investing in those areas that, at the present time, give the best chance for above average returns.
Is that not timing the market?[/quote]
No, that is not timing the market!
And also no, the thing above that is not what I am saying. I’ll start with that one. I’m not saying you have to invest for decades. I’m saying that you have to consider that the price for stocks is based on decades’ worth of their expected earnings. So, shorter term changes to that earnings stream should not, in theory, change their fair value all that much. (In practice, of course, it often does, but that’s a whole separate topic). But that’s not the same as saying that an investor necessarily needs to hold them for decades.
[/quote]
OK. I guess I misinterpreted this statement you made in the Coronavirus / Economy / Stock Market thread:
[quote=Rich Toscano]
Anyway back to the OP: when you buy stocks, you are buying a VERY long-term stream of earnings. Like, decades. This recession looks to be very severe, but it is short term by its very nature (at some point we contain the virus, or everyone has gotten it… this can’t go on for all that long).So as bad as this recession may be, it’s hard to see it moving the dial all that much on the DECADES worth of earnings that determine what stocks are actually worth.
[/quote]
svelteParticipant[quote=Rich Toscano]
Where we might part ways is in other risk assets. There are areas of the global stock market that — even after this huge rally — are still priced for positive long-term returns. In specific, developed intl value stocks are priced for returns that are slightly under the average stock returns — not great but ok. Emerging value stocks are priced for substantially higher than normal returns.
[/quote]So here is where I get confused.
I’m pretty sure I’ve heard you say, Rich, that one shouldn’t try and time the market but should invest for the long term as in decades.
But the above sounds like you’re advocating investing in those areas that, at the present time, give the best chance for above average returns.
Is that not timing the market?
svelteParticipant[quote=scaredyclassic][quote=svelte][quote=scaredyclassic]the old countercultural tshirt was:
Join the Army; travel to exotic, distant lands; meet exciting, unusual people and kill them
strike exotic distant lands, replace with Minnesota.
https://www.sheaff-ephemera.com/list/odds_ends_album/join-the-army.html
aren’t military uniforms pretty easily purchased? What’s to stop protestors from dressing up in fatigues?[/quote]
They probably could, but military folks are very in tune to how uniforms are worn – they can spot something out of place very quickly. So fatigues would probably only work at a distance.[/quote]
at night? during a riot?[/quote]
As I was saying…
-
AuthorPosts