Fuck FB videos. If you’re gonna post a video, at least post it here.

$500-700 at the most.

I wouldn’t recognize her either. Completely unmemorable face and music.

Oh please. Don’t lecture me. I’ve been in the investment business since 1987, and I know exactly what I’m talking about. ZIRP rates have destroyed the fixed income marketplace and allocating 40 % of your assets to an asset class that has ZERO ability to generate returns is a complete and utter recipe for disaster. If…

Yes. It is a gross over simplification. The whole idea that one loses money when the market drops is complete malarkey. Complete impairment of capital only occurs if one sells, not if the market goes down.

I’ll also add this, from the same source:

Your source for what no longer works about portfolio construction?

To make a blanket statement about alternative investments like that is just incredible. It demonstrates a complete disregard for the fact that alternative assets constitute a very wide range of assets and management strategies. It’s like saying all white people are racist. If you’re going to make assertions like that,…

“Traditional” is what is no longer working; not for stocks OR bonds.

Just because you are a “finance professor” doesn’t mean you know anything about investing. It just means you’re more knowledgeable than the novice. At least, I hope you would be.

Just to point out that “retirement” isn’t the finish line. With a life expectancy that could be many decades longer than 65, there is a dramatic and sustained need to continue to grow assets in excess of the inflation rate in order to preserve purchasing power.

Given that the 65 year old has probably 30 years or more of life expectancy ahead of them, the idea that they don’t need “lots of growth” is absurd. They don’t need principle protection; they need purchasing power protection.

The idea that somehow one needs to reduce risk as they get older is a completely unhinged one. It has no basis in reality. Someone who is 65 has as much need for growth in their portfolio as someone who is 30, and they have the time to absorb market gyrations. Having some kind of “formula” that somehow magically tells…

Shit. I did that too. On long family drives we would be stashed there with our game bag and pillows and told to yell only if we had to pee.

I actually like the red buttons.

Is he really Christian? Really?

How about something in a shorter heel people. Wearing 3 inch heels all day kills me.

How about something in a shorter heel people. Wearing 3 inch heels all day kills me.

The stupid is strong and it’s getting stronger.

I just wonder how these idiots continue to have any parishioners at all.

So what are they going to do with all of these cars they’re getting back? Sell em to another sucker?