[UCGal]

[quote=squat300]One Kid reads a lot of poker strategy books. Co worker plays at small seedy card houses been at it a decade o says theres a small living that can be made for a good solid layer with some financial backing.

Anyone here make their living playing poker?[/quote]

I bolded the sticking point… You need OPM – other people’s money…

[UCGal]

That’s a decent allocation.
You’re getting some bond/cash exposure through the target date fund.

I’m a huge fan of index funds – then allocating based by asset class.

I’m not into hard assets. Except as small plays… I’m notoriously bad at picking individual stocks, metals, or real estate. I’ve done well with low expense ratio index funds.

[UCGal]

one of the last single stocks (vs index mutual funds) I bought was AONE. literally money flushed down the toilet.

fortunately it was only 20 shares.

I’m sticking with low expense index funds.

[UCGal]

I have a family member that worked for them for years, and I’ve had to interface with them professionally. (they have modules that go in some cable boxes.)

Even if you’re not a Nielson family you may have your viewership monitored… cable operators can pull this data.

[UCGal]

We hear,often that people do not take personal responsibility for their retirement…
I read a while back that the average 50 year old only had $50k saved for retirement.
Now you’re proposing a scheme that would let irresponsible people gut their inadequateretirement savings.

Even if your idea were approved you need to account for taxes. Since 401k money is pretax you need to take out extra to pay taxes on it… and depending on what bracket you’re in, it could kick you into a higher tax bracket. It will be taxed at your highest rate.

It just seems like a fiscally irresponsible idea. Just my opinion.

[UCGal]

It’s a do it yourself process.
– File
– Subpoena/serve the other party.
– Show up with your documentation.

It’s been years since I had a case in small claims – but it was pretty straight forward.
I found getting the judgement in my favor, easy.
Collecting… well that’s another story. There’s a woman out there that STILL owes me about $1200. But I made her life semi-miserable for a while. It was a car accident – she didn’t have insurance. So I proved that to the DMV and they pulled her license. She got insurance got her license back. I went to the DMV and showed she had an outstanding judgement from a motor vehicle accident, they pulled her license again.
Then she left the state.

[UCGal]

[quote=sdduuuude]Safety itself is not an illusion.

The illusion is thinking that certain things make you safe when they don’t.

One may feel that laws or guns or people to protect you make you safe. In actuality what makes you safe is a society in which people derive little or no benefit from harming others.[/quote]
This.

[UCGal]

[quote=no_such_reality]CBO says expiring tax cuts is $4 Trillion over decade.

Let’s keep it simple and say it’s $400 billion. http://www.cbo.gov/sites/default/files/cbofiles/attachments/08-22-2012-Update_to_Outlook.pdf

Or let’s just look at CBO baseline revenue projection: $2.913T.

So $3.035T – $2.913T. So I’m short $120 Billion.

Fine increase cuts by 5%.

45% defense. 25%discretionary. Or would you like to quiblle over the $20Billion?

Of 40% defense and 30% discretionary. net $129 Billion gain to close the gap.

Or let’s really have fun, 50% defense, 30% discretionary, expire the tax cuts, payroll cuts and have enough to pay off the debt in 183 Years![/quote]
If I’m not mistaken – CBO projections are based on current law – including the expiration of the Obama extended Bush tax cuts AND the expiration of the SS tax cut.

So two of the fixes proposed are already “baked in” to the CBO projections.

[UCGal]

desmond – I’m sorry for your loss.

[UCGal]

[quote=squat300]My 17 year old is extremely optimistic … We spent Sunday at Joshua tree climbing.

Lots of dirty camping climber hobos w shitty cars.

Saw a bumper sticker I want…

Big Dalai lama smiling with the caption….Be Stoked

Yeah dude

Be stoked….[/quote]
My brother was a climbing bum for many years. He used to spend every “day-after-christmas” thru new years in Joshua tree. Did that for almost 20 years. He drove a beat up ford Pinto with the back seat removed, replaced with a permanently installed padlocked wood box – to hold his climbing gear. The car and the gear were his entire net worth for more than a decade post college.

It was the 80’s – so his bumper stickers were “save mono lake” and “death to the shah”. Different times.

He also spent a spring/summer/fall season living out of the same car in Tuolomne meadows, above Yosemite.

Yeah – dirty hippy camping rock climbing bums. I know the type. 🙂

[UCGal]

You missed one – a local one.
Jan 29, 1979, Brenda Spencer opened fire on Cleveland Elementary in San Diego. She killed 2 adults, and injured 8 children.
Stated reason: “I don’t like Mondays”. Basically she was bored and her dad had given her a Ruger the month before, for Christmas.

She was a trailblazer of the worst sort – this was the first school shooting.

Great Boomtown Rats song about it – but they wouldn’t sell the albumn in San Diego till 6 months after the release. (I had to go to LA to get a copy of the vinyl.)

http://en.wikipedia.org/wiki/Brenda_Ann_Spencer

[UCGal]

Thanks Allan –
Was it really that long ago… I suspect I’m older than you. I reached adulthood during the Carter era.

[UCGal]

[quote=earlyretirement]Reality TV is all fairly fake. All these shows. Especially those shows on HGTV.[/quote]
A nephew worked on reality tv sets (electrician) for years. Totally fake. Remember trading spaces? He did a few seasons of that. They’d have all the crew doing painting, etc… to meet the timeline. And any wall sconce you saw – no wiring done… so they’d have to put small battery operated spots inside to make them look “functional”.

And I’ve talked to folks who’ve done Househunters Int’l. Basically the home’s already purchased or under contract… then they fake take the “buyers” to places to make it look like they’re shopping. And tell them what to say, etc.

Still entertaining, though.

[UCGal]

[quote=Allan from Fallbrook]
I’d like to see a Russian-themed Twinkie line as envisioned by Vladimir Putin and mass produced in the Ukraine. We could dredge up all sorts of funky Cold War shit with that. America’s iconic snack food “built” by hard-line totalitarians![/quote]
Have the factory near Chernobyl… and you can measure change the discussion from the “shelf life” of twinkies to the “half life” of twinkies. 🙂

[UCGal]

Why aren’t they all moving to Texas, like we’ve been advised to.

LOL.

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