Search found 68 matches

by shoestring
Thu Feb 16, 2012 7:28 am
Forum: Other Discussions
Topic: Doomsday Preppers
Replies: 46
Views: 20133

Re: Doomsday Preppers

I do not have cable but I'm optimistic this will find its way to Netflix in a year or two.  I want to watch it. From what I've seen though, this looks to be extremely promising. There's one thing that always bothers me about most of these "lifestyle" shows.  Now they're not all like this, ...
by shoestring
Tue Feb 14, 2012 3:29 pm
Forum: Permanent Portfolio Discussion
Topic: Warren Buffett: Why stocks beat gold and bonds
Replies: 18
Views: 8594

Re: Warren Buffett: Why stocks beat gold and bonds

Couldn't you say the same thing about prosperity? If you had known in the year 1,000 what we know today, would you have been willing to bet on prosperity as the only really sustainable economic climate for the next 1,000 years?  It seems to me that such a bet would have left you broke many times as...
by shoestring
Fri Feb 10, 2012 7:42 am
Forum: Permanent Portfolio Discussion
Topic: Warren Buffett: Why stocks beat gold and bonds
Replies: 18
Views: 8594

Re: Warren Buffett: Why stocks beat gold and bonds

Buffett is at once a joy and an a enigma to read.  For instance it's refreshing that he admits openly that it's generally best to just buy an index fund, on the other hand his letters to shareholders indicate how smart they are for investing in BRKA.  He makes a sincere, if illogical, plea to aid th...
by shoestring
Thu Feb 09, 2012 2:58 pm
Forum: Permanent Portfolio Discussion
Topic: How much risk are you willing to accept and why?
Replies: 3
Views: 2797

Re: How much risk are you willing to accept and why?

But if you have a fund doing it most of the way and are comfortable with that, then that is great. I resemble that remark. There's a concept I live by, in most but not all areas of life, called the 85% solution. The 85% solution is this:  try only to solve 85% of a given problem.  Cover the biggest...
by shoestring
Thu Feb 09, 2012 2:39 pm
Forum: Permanent Portfolio Funds
Topic: PERM vs. PRPFX - which is best?
Replies: 71
Views: 60884

Re: PERM vs. PRPFX - which is best?

I don't really see what the added value is here. It reminds me of those bags of fruit in the supermarket where you can get apples, oranges and bananas in the same bag. It takes willpower out of it. We're all a little different.  I for one would be an absolute wreck trying to be a stock picker.  My ...
by shoestring
Thu Feb 09, 2012 2:26 pm
Forum: Other Discussions
Topic: Financial Times Article on "Closeted" Atheists
Replies: 95
Views: 34828

Re: Financial Times Article on "Closeted" Atheists

Ha! Counterpart to alien hilarity and its predecessors:  There are internally consistent arguments that God exists which do not depend on having the awareness or experiences of another person or perception of the God entity. This for example is a thing of beauty and elegance. http://i.imgur.com/H4Zb...
by shoestring
Wed Feb 08, 2012 8:28 pm
Forum: Other Discussions
Topic: Where Is The "Free-est" Place to Live?
Replies: 18
Views: 8621

Re: Where Is The "Free-est" Place to Live?

I don't think any place that's ever existed has been well and truly free.  There's never been a state with voluntary taxation for example. I think you've got to pick and choose based on your personal desires, and you must prioritized and compromise to feel as free as possible.  I for instance do not...
by shoestring
Wed Feb 08, 2012 6:08 pm
Forum: Permanent Portfolio Discussion
Topic: New Permanent Portfolio-style ETF filed with SEC
Replies: 19
Views: 13839

Re: New Permanent Portfolio-style ETF filed with SEC

I don't know about the other figures I've seen stated, but I arrrived at mine using Monte Carlo mean variance optimization just to see if 10% was enough.  It didn't seem to be, but EDV has a very limited history. I just took a look at the PRPFX portfolio.  The >20 year maturity bonds comprise about...
by shoestring
Tue Feb 07, 2012 9:30 am
Forum: Permanent Portfolio Discussion
Topic: What brokerages are you using and why?
Replies: 22
Views: 13083

Re: What brokerages are you using and why?

My 401(k) I can't do much about, but I have my other holdings at Vanguard.  Whenever I manage to come into a little more money than I had planned to spend I put it in my Roth IRA there, so it's not like it's a vast fortune. The other reasons (unique ownership structure, etc.) have already been discu...
by shoestring
Mon Feb 06, 2012 10:33 am
Forum: Other Discussions
Topic: Financial Times Article on "Closeted" Atheists
Replies: 95
Views: 34828

Re: Financial Times Article on "Closeted" Atheists

Full disclosure:  I consider Jesus Christ my personal Lord and Savior. Now as to the article, this actually makes me both a little sad, and a little indifferent. The indifference comes from the fact that all information sources on topics like religion, race, minority groups, and other such societal ...
by shoestring
Fri Feb 03, 2012 7:35 am
Forum: Other Discussions
Topic: Is PP appeal only a niche?
Replies: 6
Views: 2882

Re: Is PP appeal only a niche?

I'll go out on a limb here and say this as a newcomer:  I think there is, first of all, a certain segment of people who: 1.  Want to invest.  It seems most discussion groups like this are about 50/50 between people of normal modest means looking to build a retirement portfolio and people of extraord...
by shoestring
Wed Feb 01, 2012 3:10 pm
Forum: Permanent Portfolio Discussion
Topic: What We Have Learned About Rebalancing
Replies: 46
Views: 20697

Re: What We Have Learned About Rebalancing

Oh I assure you, it's not rational.  It is however hilarious, or at least it is once you own it and realize it doesn't make any sense.

I've just always been that way with numbers ever since I was a child.  I have a strange compulsion for perfect partitions of a whole especially with percentages.
by shoestring
Wed Feb 01, 2012 1:18 pm
Forum: Other Discussions
Topic: PP users who disagree with Harry Browne
Replies: 42
Views: 12300

Re: PP users who disagree with Harry Browne

Browne was a bit of an odd duck, and I say that with all admiration and affection as I tend to walk funny and quack myself. I consider myself small "l" libertarian in outlook.  I believe there's a need for a lot of necessary government in an information age society, but I also believe we t...
by shoestring
Wed Feb 01, 2012 1:04 pm
Forum: Other Discussions
Topic: Diversifying One's Career
Replies: 11
Views: 5283

Re: Diversifying One's Career

I've been thinking about this lately, as in for four years or so now.  Here's what I've done:  I identify the most transferable skill I can get wherever I am currently at.  I just once in a blue moon go read what people are hiring for in the same industry that I have the opportunity to do where I am...
by shoestring
Wed Feb 01, 2012 12:47 pm
Forum: Permanent Portfolio Discussion
Topic: What We Have Learned About Rebalancing
Replies: 46
Views: 20697

Re: What We Have Learned About Rebalancing

I am going to make you all laugh. I have to admit that I'm a bit anal retentive about numbers sometimes.  I like everything to be "perfect". A percentage based allocation brings out the worst in me.  I want to be perfectly aligned constantly all the time with every little fluctation. I don...
by shoestring
Tue Jan 31, 2012 9:47 pm
Forum: Other Discussions
Topic: A practical way to fix the Housing Market.
Replies: 1
Views: 1941

Re: A practical way to fix the Housing Market.

To what end should we do this though? As a non home owner, I for one think we need to manipulate the market to decrease property values by a factor of 42567. ;D  Then after I buy, they need to shoot up by a factor of 4 billion. How about we abolish all the federal government interference and let the...
by shoestring
Tue Jan 31, 2012 9:31 pm
Forum: Permanent Portfolio Discussion
Topic: New Permanent Portfolio-style ETF filed with SEC
Replies: 19
Views: 13839

Re: New Permanent Portfolio-style ETF filed with SEC

I wish there was a true 4x25 mutual fund or ETF for a one stop shop, it would sure make it a lot easier to hold the portfolio in 401ks, etc.
by shoestring
Mon Jan 30, 2012 12:26 am
Forum: Other Discussions
Topic: Dealing with a pension?
Replies: 10
Views: 3752

Re: Dealing with a pension?

That's not how most state and local government retirement plans work (which is what I assume the OP is talking about). In the typical state and local government retirement plan the employee is required to contribute a fixed percentage of pay (there is no election as with a 401(k) plan), but the eve...
by shoestring
Wed Jan 04, 2012 10:26 am
Forum: Other Discussions
Topic: Dealing with a pension?
Replies: 10
Views: 3752

Dealing with a pension?

So I find myself in a position I thought I'd never be in.  I'm in a situation where approximately 7% of my gross salary is siphoned off to fund an employee retirement annuity system. They call it something else in the literature but that's really what it is.  It chaps my bum for a few reasons: 1.  I...
by shoestring
Wed Jan 04, 2012 8:16 am
Forum: Permanent Portfolio Discussion
Topic: The 50-50 Solution
Replies: 28
Views: 17456

Re: The 50-50 Solution

This thread's of particular interest to me as I fall in that category of being in a situation where I'm interested in the PP, but it's not feasible to implement the 4x25 allocation.  I've long held to the 3 fund model (often called the Margaritaville portfolio) as I don't quite trust having everythi...