fareastwarriors

That's wonderful. Can't wait!

Funny; I actually put on shorts on UA and CMG recently. 8) Nice pop for UA today. Are you going to hold or sell?

http://www.bloomberg.com/news/articles/2016-01-26/bridgewater-s-dalio-trumps-soros-as-most-profitable-hedge-fund ? on these net gain numbers. Bridgewater for example, $45B on how much capital? If someone invested $10,000 in 1975 and left it there, what would it be now? Yeah, these numbers don't seem to be useful to determine (out)performance. Yup. The article is not helpful. Maybe if we could get the LCH's backup data, we can understand it better. But even then there are still all the other factors mentioned by posters to consider.

http://www.bloomberg.com/news/articles/2016-01-26/bridgewater-s-dalio-trumps-soros-as-most-profitable-hedge-fund

I like TaxAct and I have been using it for the past few years. I switched over from TurboTax to TaxAct since TurboTax was much more expensive for me a few years ago. I have heard good things about the H&R Block. to Compare the 3: http://thecollegeinvestor.com/15201/comparing-prices-turbotax-hr-block-tax-act/

My brother is a contractor and he only accepts cash or check. Why add an extra expense for Credit card fees when people still have checks (somewhere).

Me too, just a bit though.

I usually keep 40-100 dollars in my wallet. Lots of restaurants I frequent don't even take cards. Cash only. I have a few hundred at home so I don't have the hit the ATM constantly. I also told my gf to keep at least $20. Also holding a big stack of 100s just feel better than a plastic card. *Another rant: People using debit cards.... Please just use credit cards and pay it off every month. Credit cards offer way more protection than debit.... And you don't get any rewards with debit.*

I gotta wait for my next paycheck to buy more stocks. hahah....

Barron’s 2016 Roundtable, Part 1: A World of Opportunities Our nine investment pros see lots of cheap stocks, but little chance that the market will rally sharply in 2016. Why global growth is challenged, rates will stay low, and India could prosper. http://www.barrons.com/articles/barrons-2015-roundtable-part-1-a-world-of-opportunities-1452927095

Reminds me of this story about a group from Australia: http://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html?pagewanted=all

Wait, I just saw 2 posts about powerball tickets from the "What are you buying today? " thread .

I'm surprised no made a post about it at all. Guess we value a buck ($2 in this case) too much around here. Who bought some Powerball tickets!!? I 2 have tickets for tonight's drawing. Wish me luck!

I thought about streaming sports illegally and cut the my Dish but decided I can afford it... So yes, I'm paying an arm and a leg for live sports. Go Warriors!

Funny; I actually put on shorts on UA and CMG recently. Just bought some shoes and clothes from UA. Also planning to head to CMG for lunch today since the line is really short nowadays. no clue about the stocks!

What are good jobs/careers that average Joe and Jane can pursue based on "on the job training and/or other non-degree training"? Is this really something that can cover a significant percentage of middle class? I doubt it, but I'm willing to suspend my disbelief if there are wide ranging good examples. :) Trade jobs are in very high demand. You can make $50-60k fairly easily in a trade. Working at Costco, you make up to $25/hr. Husband/wife at Costco and we're talking $100k combined salary. You don't need a college education for that. Starting bulldozer drivers make $60k (someone offered me this job, was more than I was making in software dev at the time). Crane operators make $120k, not the giant cranes, but standard crane guys at a construction site. Worked with a guy who's now an exec who barely scraped by in HS. Got a job in tech and went from there. I know a LOT of people making well into six-figures who were self-taught developers. One guy wrote the core of NASDAQ's trading system, left college after one year. Insanely smart guy, apparently college wasn't necessary, NASDAQ still using his code. Said person also wrote SAC's systems, which is an interesting conversation he loves to have off the record. A lot of sales jobs don't require a college degree. If you are personable and are knowledgable enough about the product and can deliver results you'll be hired. A friend of a friend owns a nursery, did extremely well for himself. Purchased lots outside the city in development's path, would resell for millions. Guy can't read, his wife does anything requiring reading, yet he's a millionaire. I've come to the conclusion in life that smart and motivated people will do well regardless of their education. They will blaze their own path forward. College is great for someone with little initiative because it automatically bumps them to a level they couldn't get to from just working on their own. College is necessary for STEM type things, but beyond that I'm not sure anymore, especially at today's prices. For myself I'm positive my outcome in life would be no different if I hadn't finished college. I had an internship at a startup during school, they offered me my job before finishing, said they didn't care if I just dropped out and started working. Subsequent companies have all said they don't care about degrees, and going forward I only expect to work for myself. Finishing college was a nice cherry on top of all the money paid, but held no true value for my career. Many of my family members are in the construction industry. They don't have college degrees and majority does not even speak English. They are all doing just fine and have houses and cars ("living the American dream") in the SF Bay Area, one of the most expensive area in the U.S. It helps to be entrepreneurial instead just being a worker but still even as a worker if you have some skills you will be compensated nicely without the headaches of being of a boss.

I think a lot of people believe that other people should close their accounts and start indexing. 8) To be fair, writser never said which side of the coin he is or should be on. I'm indexing in my 401k and have some mutual funds in my IRA. Yes, I know I probably can't outperform consistently but it's still fun trying. :)

If the finance wasn't heavily dumbed down the movie would have been seen by like 1,000 people. I thought they did a great job of explaining very complicated matters in simplistic terms. The point of the movie was to inform the general public of some things they probably weren't familiar with surrounding the financial collapse in a fun and approachable way, not make a 100% accurate movie that bores the general public to death. I watched it yesterday with the gf. She didn't get most of the movie...even as I was trying to explain it to her during the movie. Personally I thought the movie was a bit hard to follow even though I read the book and in general understood the terms they are using and the situation at the time. I also thought it was kind of slow and the characters lacked development. But hey I'm no movie critic.

Why Fannie Mae Revival Hopes Are Withering on Capitol Hill Shares of Fannie and Freddie are in trouble thanks to a provision in Capitol Hill’s omnibus spending deal http://www.wsj.com/articles/why-fannie-mae-revival-hopes-are-withering-on-capitol-hill-1450384375

I plan to see it when it comes out nationwide.

Yes it sounds insane but did the company run well?

You have one of the best places right here on this forum!

Warren Buffett teaches students unforgettable lessons http://finance.yahoo.com/news/warren-buffett-s-master-class-005532745.html#

Yeah sold out of all of AIG except warrants and BAC. Wonder if this is due more to redemption's or he thinks they have reached full value. Hard to think these reached full value if rates do eventually rise. Maybe the readthough is that he believes rates wont rise any time soon. I dont think many shareholders are going to love that SHLD is his biggest position. That position hasnt worked out for a long time and unless your really patient money I can see some getting sick of waiting. At least he didn't buy VRX... ;D ;D ;D

Ackman's 71-Year-Old Rail CEO Hunts for His Biggest M&A Deal Yet http://www.bloomberg.com/news/articles/2015-11-16/ackman-s-71-year-old-rail-ceo-hunts-for-his-biggest-m-a-deal-yet