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hayekvonfriedman

hayekvonfriedman
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  • SEC to investigate alternative mutual funds [View news story]
    For me alternatives are risk diversifiers rather than return enhancers. The truth is their relative performance has not fared well of late. To reiterate I do not buy them to outperform a particular index.

    I look for non-correlated funds that have the potential to provide absolute returns particular in volatile periods and tail events such as 2008. Low information investors getting in the deep end of the pool drive this nanny state big brother behavior.
    Aug 13 09:27 PM | Likes Like |Link to Comment
  • How To Outlive Your Money: A Lesson From Canada [View article]
    Congratulations Tenderchkn.

    As you are much younger than I, you are blessed and doing the right thing by funding ROTHs.
    That wasn't an option for much of my accumulation phase although I too have taken full advantage of them as soon as they became available. It's a no brainer.

    I do hope that you will never have to look at RMD charts of paying taxes on your current and past ROTH contributions and earnings and that the government can keep its hands off of this signature savings/investment incentive.
    Jul 2 09:56 AM | Likes Like |Link to Comment
  • How To Outlive Your Money: A Lesson From Canada [View article]
    One cannot "complain" enough. I deferred my consumption subjecting my purchasing power to the vagaries of the markets, tax regimes, and inflation thereby providing capital and liquidity to financial markets. An additional salutary benefit to the government behemoth is that and as I face retirement my reduced consumption lifestyle will be spent in retirement thereby boosting the extant economy and not fleecing taxpayer pockets to provide my subsistence in "old age."
    The government has no inherent right to the fruits of my sweat, persistence, ingenuity, and frugality.
    Jun 29 05:42 PM | Likes Like |Link to Comment
  • How To Outlive Your Money: A Lesson From Canada [View article]
    Based on current tax rates and structure I will be in the highest tax bracket I have ever been in when my mandatory withdrawals begin. My penance for the sin of frugality, saving, and investing.
    Jun 29 05:34 PM | 1 Like Like |Link to Comment
  • How To Outlive Your Money: A Lesson From Canada [View article]
    One should do the best one can with the current information, fully cognizant of inherent limitations of extrapolation. But, to dismiss the recognition of the tax implications of withdrawal rates and other factors as an exercise in futility is not an option for me. Not analyzing expected tax rates and the probability of change in those rates is a very risky retirement strategy.
    Jun 29 05:29 PM | Likes Like |Link to Comment
  • Kinder Morgan: Vast Untapped Opportunity Looms [View article]
    Starboard. This site was hijacked by socialists a long time ago. How 'bout them Redskins!
    Jun 18 11:23 PM | 3 Likes Like |Link to Comment
  • Market Timing Report: Risk Soars As Bond Spreads Collapse [View article]
    "Reduced bond spreads are evidence the world economy has backed away from its crisis of a few years ago." The world's perception of risk may have changed even while the risk itself has increased, who really knows no more no less. But it has been my observation that few who call themselves investors exhibit any appreciation of risk management until it is too late to manage the risk.

    Thus, again, perceptions of risk MAY have changed but their investing appetite for paltry risk-adjusted returns in politely termed high-yield debt is largely a result of central bankers around the world forcing that choice on savers.

    There is a lot of good opinions in these posts and a summary might be to keep your eyes, ears, and minds open and your powder dry. Caveat emptor for purchases of bonds but caveat venditor to the Fed as well. The translation is that the Fed may get exactly what it isn't even aware exists.
    Jun 16 07:23 PM | Likes Like |Link to Comment
  • How To Outlive Your Money: A Lesson From Canada [View article]
    I agree with all you say GJ, but it is still problematic on many fronts that the government mandates in essence spending of savings,
    Jun 16 03:45 PM | Likes Like |Link to Comment
  • Kinder Morgan: The Trans Mountain Pipeline Has Become The New Keystone XL [View article]
    Along time ago we lost our personal property rights,
    Jun 9 09:37 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: The Trans Mountain Pipeline Has Become The New Keystone XL [View article]
    If you are so concerned about the alleged negative environmental impact then why did you invest in KMP in the first place? Secondly, leaving the tar sands in the ground as you say may be a source of leakage into the aquifer and may prevent the flourishing of native habitat. Global warming is science fiction done for extortion profit by enviro-gangstas.

    Here is another one for you that makes about as much sense to liberal arts majors. Hey have you ever been to Venus?, from what I hear, Venus is nice this time of year.
    Jun 9 09:33 PM | 5 Likes Like |Link to Comment
  • Correction 2014: Take Cover [View article]
    Some may call it averaging down. You are correct it may be beneficial for a "long term investor (redundancy) but it sometimes runs headlong into the true answer to how low can it go.
    Jun 8 06:10 PM | Likes Like |Link to Comment
  • Correction 2014: Take Cover [View article]
    Bear markets are "corrections" that trend.
    Jun 8 06:07 PM | Likes Like |Link to Comment
  • Correction 2014: Take Cover [View article]
    It has been my experience that covered calls are best used in a non-trending or slightly uptrend market. They offer almost no protection in the event of a true correction and in fact may delay pulling the trigger and taking the first and best loss. Call premia are currently depressed to low implied volatility as well. This is ,I suppose, a case of that which makes a market.
    If one truly expects a downturn then purchase put options for real downside protection.
    Jun 8 06:03 PM | 2 Likes Like |Link to Comment
  • Washington State's Minimum Wage Experience [View article]
    "What if labor isn't worth enough for workers to support themselves?" Then labor must reinvent itself. It may be good business, but it is not the mandate of the employer, nor should it be, to make sure that workers can support themselves. Supporting themselves is the operative phrase here. Inevitably the market clearing rate will adjust and compensate according to the supply demand equation.
    Other measures to raise demand must include eliminating regulations, for example EPA, and onerous taxation that kill jobs.
    Jun 3 09:50 PM | 3 Likes Like |Link to Comment
  • Washington State's Minimum Wage Experience [View article]
    Agreed. The construct of "what a person is worth" has led us down the path of one's employment equating to one's esteem (ego) and thus makes easy fodder for the "victim's" among us when the benefit of the LABOR supplied no longer exceeds its cost.
    Jun 3 09:37 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
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