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  • What If Everyone Indexed? [View article]
    Would you agree that if ETF's, etc. continue to gain in popularity that at some point the individual stocks become hostage to the performance of the funds/index and it becomes increasingly difficult for one to pick stocks that will out perform the funds/index and that primarily only stocks with a decent divi may actually do better than the index.
    Oct 6, 2015. 09:27 AM | Likes Like |Link to Comment
  • The 'Something For Nothing' Society [View article]

    I agree with what you wrote with the exception of not blaming them for poor tax money management. Yes, maintaining the American empire is an economic drag.
    Oct 4, 2015. 07:09 AM | Likes Like |Link to Comment
  • The 'Something For Nothing' Society [View article]

    I do understand your point.
    You think the govt should give people more money to spend which will help the economy.
    I suppose I prefer that to giving the wealthy the money to hoard.
    I don't think the one sentence you quoted is moralizing, I think its true.
    Oct 4, 2015. 06:58 AM | Likes Like |Link to Comment
  • The 'Something For Nothing' Society [View article]

    Appreciate the comments.
    In those countries you mentioned, would you agree the people are earning a greater ROI on the taxes paid as opposed to those in the US?
    In other words, more benefits flow through the society to the people as compared to in the US.

    For example, health care is free, while in the US health insurance and health care is becoming borderline unaffordable.

    Of course all this gets into a discussion of govt being able to afford the costs.
    I believe the current tax revenue, or even less tax revenue is sufficient in this country to supply more advantages to the people if it was administered more intelligently and with less corruption. The waste in govt spending at all levels (local, city, state, federal) is atrocious.

    Until govt can show better management of our money I would not be in favor of any tax increases. I would rather see them learn how to manage our money effectively which they have shown little ability to do.
    Oct 3, 2015. 06:30 PM | 3 Likes Like |Link to Comment
  • The 'Something For Nothing' Society [View article]

    I don't see where glafaille said taxes have NO benefit on society.
    It looked to me like he was talking about "excessive" taxation and I think he has a point in that regard.
    Are you happy about with all the taxes you must pay and believe that none of the taxes we pay are excessive?
    Oct 3, 2015. 03:27 PM | 2 Likes Like |Link to Comment
  • The 'Something For Nothing' Society [View article]

    If the central point of the article is 'if we want quality we should pay for it' then I agree, but that did not come across to me as the central point of the article.

    I much prefer to buy quality in certain areas and price is secondary, but it depends on what I'm buying. I'm just as happy to shop around and try and save money on something as well.

    I think people with some money and secure jobs do shop quality as well as compare prices.

    There are price pressures on most goods and services which is basically a supply/demand issues well as an ability to pay issue.

    I have been a business manager and owner for decades. I believe the business is successful because of the quality of the service as well as our pricing. One can't separate the two from each other.

    As the general populations' ability to pay becomes weakened then those who provide goods and/or services have a choice to make. Adjust your prices accordingly or take what the market gives you. Relying on the overall generosity of the public to support your product or service is a road to going out of business.

    As to your thoughts at the end of your post, "consumers' willingness to pay a fair price for value received" is not the issue as it pertains to what "will enable the economy to rebound successfully".

    You are right in that I don't think the current or next administration will significantly change the equation. There are numerous reasons the country is in the situation we are in today and I think there are a lot of things that will need to change at the govt level as well as among the people to get us on the road back to a better place. I also think that it is going to require significant and profound changes that will be difficult for most people as well as the govt and that the govt will fight until the changes are forced upon them.

    Sorry not to give you a more specific detailed answer relating to what will enable the economy to rebound successfully but this isn't a subject that I'm able to write a short answer to. In short, a change in the moral and ethnical behavior of those in power and those with influence that will filter down to the people would be a good place to start, but I don't expect that to happen.

    I don't believe that consumers' willingness to pay a fair price for value received is even very relevant to the issues we face since "fair price" and "value received" are so subjective to each person. The problems we face and their solutions go much deeper than that, but thank you for asking.
    Oct 3, 2015. 02:18 PM | 1 Like Like |Link to Comment
  • How Can I Pick The Best Dividend ETF? [View article]

    I don't think I was implying that VYM was stagnant, only that other vehicles have returned much more. While VYM has gone up 60% the last 5 years, and that is certainly not bad, other vehicles have doubled that. Even with the divi of VYM it doesn't approach that level of return.

    I do understand the benefits of DGI and own dividend paying vehicles as well and will switch to more as I get closer to retiring.

    My only point was that my investment in other ETF's have far outpaced that of VYM, of which I also have a relatively small position in.
    Oct 3, 2015. 01:24 PM | Likes Like |Link to Comment
  • Bad News Is Bad News Again, And This Is Good News [View article]

    So this broker thinks the market may go up and then go down or may just go down before it goes up.
    He's pretty insightful.
    Oct 3, 2015. 11:24 AM | 1 Like Like |Link to Comment
  • The 'Something For Nothing' Society [View article]
    "We need a national basic income (NBI) of $1,250 a month for every citizen."

    And most of those who receive it will spend $1,350 a month or more and still have the same problems they do now.
    Oct 3, 2015. 11:05 AM | 9 Likes Like |Link to Comment
  • The 'Something For Nothing' Society [View article]

    I think you nailed it with this one simple sentence:

    "The problem is not attitude but reality."

    I'm at a loss understanding how the author expects and encourages people to spend money they don't have, which is the just irresponsible.
    Oct 3, 2015. 11:02 AM | 11 Likes Like |Link to Comment
  • How Can I Pick The Best Dividend ETF? [View article]
    I'm curious why the dividend ETF's would be a good choice for anyone who is not at retirement age.

    There are numerous other Vanguard ETF's (as well as others outside Vanguard) that give a much greater return in price appreciation. VHT and VCR have doubled the return of VHT over the last 5 years and quadrupled the return over the last ten years.

    I understand the benefits of and desire to get the income it throws off in the dividend once one has retired but it seems to me it would be better to invest in better appreciating assets until its time to retire and then sell those and put those funds into VYM or other dividend vehicles at that time.
    Oct 3, 2015. 10:45 AM | 2 Likes Like |Link to Comment
  • Deflation Warning: The Next Wave [View article]

    Good explanation. I recognize that SDR's are actually a reserve 'asset' as opposed to a reserve currency and there are issues with it. I doubt it can become a true reserve currency without something along the lines of a global financial collapse occurring. But if that were to occur I think it could be considered more seriously as an option to try and repair the system, with additional structural reform required to make it work.
    Thanks for the response.
    Oct 3, 2015. 10:27 AM | Likes Like |Link to Comment
  • Bad News Is Bad News Again, And This Is Good News [View article]
    Was the labor report good news or bad news?

    Was it bad news because fewer jobs being created means the Fed may put an interest rate hike on hold or was it good news because the Fed may put rates on hold?

    Or was it good news because the Fed may still hike rates anyway or bad news because the Fed may hike rates anyway?

    The market seems to be schizophrenic in its interpretation of events.
    First it sells off right after the report numbers then reverses higher because..?

    Maybe its just the PPT at work to close the week at the high and to take what was about to be a very ugly day and turn it into a good one.
    Oct 2, 2015. 03:51 PM | 2 Likes Like |Link to Comment
  • Deflation Warning: The Next Wave [View article]

    Since Mr C said "when the IMF makes this historic decision and adds the YUAN as a reserve currency", I thought he was referring to the IMF's SDR's.

    They can indeed choose to include the Yuan into the reserve currency basket and 2016 is very possible, though the US could forestall it if China doesn't behave to their liking.
    Oct 1, 2015. 06:34 PM | Likes Like |Link to Comment
  • Deflation Warning: The Next Wave [View article]
    User 631...

    Govt's prefer inflation because it reduces the value of its debt.
    In theory it should also raise wages and increase tax revenues.

    Deflation will increase the value of debt as well as decrease tax revenues.
    This would require govt to decrease spending or ultimately go bankrupt, though the US, having the USD as the worlds reserve currency, doesn't really face that problem.

    The govt is trying to get inflation but so far has not been very successful in spite of all the money printing. The problem is the velocity of money moving through the economy is stalled and even though they can create as much money as they want, if it isn't being spent it doesn't do much good though it has raised tock prices. Unfortunately, rising stock prices for this reason instead of legitimate fundamental reasons will come back to haunt all of us eventually.
    This may or not be what is beginning to happen now. If it is there will be nowhere to hide.
    Notice that after QE ended there was a topping process and now stocks have gone nowhere, except down.

    I expect there will be more QE, probably 2016, as the Fed will likely fight deflation tooth and nail if it progresses. If they don't, say hello to the depression.
    Oct 1, 2015. 06:16 PM | 2 Likes Like |Link to Comment