Search found 1175 matches

by Tortoise
Sat May 28, 2011 3:40 pm
Forum: Other Discussions
Topic: The 80/20 Rule in Personal Finance
Replies: 31
Views: 6437

Re: The 80/20 Rule in Personal Finance

Another subtle source of savings is taking tender care of your health. Disease and disability rob many of their incomes, replacing it in turn with pain and suffering. But probably the greatest source of savings is by choosing a good mate, nurturing your marriage, and riding through rough times. One...
by Tortoise
Sat May 28, 2011 1:46 pm
Forum: Other Discussions
Topic: The 80/20 Rule in Personal Finance
Replies: 31
Views: 6437

Re: The 80/20 Rule in Personal Finance

Personally we're lucky to have quite a lot of green acreage out the back of ours as we back onto parkland and National Trust kindly mow the lawns and care for the gardens for us :)  Like having the city out the front, countryside out the back. That sounds like a mullet house! "Business in the front...
by Tortoise
Fri May 27, 2011 10:16 pm
Forum: Other Discussions
Topic: The 80/20 Rule in Personal Finance
Replies: 31
Views: 6437

The 80/20 Rule in Personal Finance

On the issue of making ends meet, a popular school of thought seems to be the "leaky bucket" theory of personal finance. It emphasizes the savings one can achieve over time by trimming or eliminating various small expenditures. It can be quite effective, but my main complaint with it is that it requ...
by Tortoise
Fri May 27, 2011 4:39 pm
Forum: Permanent Portfolio Discussion
Topic: Fancy a 27.9% annualised since 1972, -0.17% worse, +125% best, 21.3% std dev ?
Replies: 14
Views: 2912

Re: Fancy a 27.9% annualised since 1972, -0.17% worse, +125% best, 21.3% std dev ?

Lone Wolf wrote: I was never a gold hater but I did at one time think of it as something reserved to speculators and Scrooge McDuck.
I resent that.
by Tortoise
Fri May 27, 2011 4:09 pm
Forum: Permanent Portfolio Discussion
Topic: Re-balancing during accumulation stage
Replies: 19
Views: 5491

Re: Re-balancing during accumulation stage

My rebalancing approach is basically the same as Storm's. Whenever new money gets deposited in my account, I simply buy the lagging asset. If there is a purchase fee, I wait until the deposits exceed $2,000 before I make the purchase.
by Tortoise
Fri May 27, 2011 3:08 am
Forum: Permanent Portfolio Discussion
Topic: PP across 401k + IRA
Replies: 13
Views: 3599

Re: PP across 401k + IRA

I would try to buy some coin of some kind, just to get your mind more fully acquainted with what has so far just been one more investment abstraction in a world of investment abstractions. I remember when I bought my first gold.  It took me quite a while to fully absorb what I had in front of me.  ...
by Tortoise
Wed May 25, 2011 4:59 pm
Forum: Other Discussions
Topic: Half of Americans don't have $2,000
Replies: 14
Views: 3742

Re: Half of Americans don't have $2,000

Demand or not, most civilized countries consider a short-term loan with 400% interest rate "loan sharking" and it is illegal.  Only in the US is it allowed.  Sure, in the end you have to put the responsibility on each individual for their own financial destiny, but it's like opening up a "Liquor, C...
by Tortoise
Tue May 24, 2011 1:52 am
Forum: Other Discussions
Topic: The challenges we face...
Replies: 24
Views: 4877

Re: The challenges we face...

As much as we would like to believe that we are self made individuals, we are really the product of the societies / circumstances/ times that we live in. Warren Buffet and Bill Gates are very successful in the society that they live based on their innate talents, hard work, and privileged upbringin...
by Tortoise
Mon May 23, 2011 7:18 pm
Forum: Other Discussions
Topic: The challenges we face...
Replies: 24
Views: 4877

Re: The challenges we face...

Not all libertarians are anarchists.  Within libertarianism, no universal agreement exists regarding the minimum or maximum role of government.  For example, Ludwig von Mises was a "minarchist," meaning he advocated a certain minimum level of government for things like national defense, police, and ...
by Tortoise
Mon May 23, 2011 1:25 pm
Forum: Other Discussions
Topic: The challenges we face...
Replies: 24
Views: 4877

Re: The challenges we face...

[...] the challenges we face as a nation [...] [...] let the American public decide which they prefer [...] [...] we find ourselves in a difficult situation as a country [...] [...] an issue that could bring this country to its knees [...] Nations don't face challenges; individuals do.  The public ...
by Tortoise
Mon May 23, 2011 12:40 pm
Forum: Other Discussions
Topic: Investment Quotes - Some Good, Some Bad
Replies: 15
Views: 4703

Re: Investment Quotes - Some Good, Some Bad

Some very good points have been made here regarding whether charitable giving should be considered a moral obligation or a personal choice. The facet of this issue I am most interested in, however, is the morality of helping others by becoming wealthy through honest means .  Rabbi Daniel Lapin gave ...
by Tortoise
Sat May 21, 2011 5:06 pm
Forum: Other Discussions
Topic: 529 Plan: West Virginia vs. Ohio? Recommendations Please
Replies: 5
Views: 1728

Re: 529 Plan: West Virginia vs. Ohio? Recommendations Please

KevinW wrote: Also between lower expenses and tilting, I'll take lower expenses every time.  Low expenses help no matter what.
Yes, especially when the Ohio plan's expenses are ~65% lower than those of the West Virginia plan.  That's a huge differential.