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WMARKW

WMARKW
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  • Wall Street Breakfast: UBS Settles Forex, Libor Scandals [View article]
    No Bob...those third world hell holes have absolutely nothing like the Constitution to make them a place where anyone would want to go to live. Your argument is flippant. If you think the increase in the minimum wage is good...why not raise to $30 an hour? Because you know very well that it wouldn't do anything but shut businesses down. Sure the government could require it to be paid for Federal Workers, and then who do you think would pay the taxes to support it? Certainly not those in the bottom 47%. So yep, you could raise taxes on the "rich" and see where that gets you. Every wealthy, smart, flexible person in the country would begin immediately to look for alternatives. Hmmm maybe Belize or Puerto Rico or maybe they would decide to start a private company, sell shares, and buy Hawaii or Delaware, then secede from the Union.
    May 20, 2015. 07:29 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: UBS Settles Forex, Libor Scandals [View article]
    There is no such thing as "Trickle Down". All consumers purchase "stuff" on which they pay a margin that gets passed on to via Trickle Up to the owners and senior managers of the companies from which they bought stuff. If you want to see poverty reduced have them invent stuff and build businesses that will make them money! Oh wait, that's a tall order for the poor and uneducated isn't it?
    May 20, 2015. 07:21 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Netflix In Talks To Enter China - Reports [View article]
    Clinton was all over the idea of Sadam having WMD. Said he would never allow him to use them against the world. That was back in 1998.
    May 18, 2015. 06:25 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Netflix In Talks To Enter China - Reports [View article]
    Well, we recently came up with the idea of legalizing pot so they can move to Colorado and roll cigarettes?
    May 15, 2015. 12:50 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Netflix In Talks To Enter China - Reports [View article]
    I wonder what companies BOB123 invest in?
    May 15, 2015. 12:40 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Netflix In Talks To Enter China - Reports [View article]
    Nino - its more like 200 million.
    May 15, 2015. 12:38 PM | Likes Like |Link to Comment
  • 15 Years Of Stimulus: Nothing To Show [View article]
    Our society doesn't force debt and college, but there are a lot who encourage it. Shame on a parent who would send their kid to school sucking up college debt for degrees of seriously questionable value. Shame on parents and kids who would think that the first two years of college (while incurring debt) are times to play and experiment socially. Pitty the poor students (of mind) who do not have a clue what they want to do with their lives so they can't focus on a course of action. Shame on college advisors who can't help get a student in a correct path with the potential to graduate in 3 years. Sucks to not be able to get to AP classes that will give you one year of college credit for free. Shame on college elites faculty and administrators who make more than 90% of the private business employees. Yep, we pretty much have shot ourselves in all ten toes.
    May 11, 2015. 02:50 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    McDonalds sales....hmmm... My same store PURCHASES are up Y-O-Y abut 6%.
    May 8, 2015. 09:31 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    It's F-R-I-D-A-Y !!!!!!!!
    May 8, 2015. 06:38 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Markets In Retreat [View article]
    It's taken me forever just to get caught up. Good news on GNT...I finally got caught up.

    Did you ever notice that just about the time you get a 401k check deposited to your brokerage account... the market goes down and you only have a new balance that is the same as your old balance??? Reminds me of "the hurrier I go, the behinder I get." Just saying.
    May 8, 2015. 12:18 AM | 4 Likes Like |Link to Comment
  • Straight Talk On The 4% Rule [View article]
    Thanks all for both the great article and great comments. I have gotten down to here and have not seen a comment yet (unless I missed it) on the element of NEED in the structure of one's retirement scheme.

    My need's are such that that credit union rates on our portfolio and SS will more than adequately provide an income for retirement, likely until age 100. Thus the discussion of risk can be bounced up against the element of need as well. One earlier commenter talked about mental capacity to manage a portfolio at age 90 or so. Simplification in approach means less mental capacity required.

    All in all...I am grateful for all your comments. Keep up the good work.
    May 2, 2015. 12:04 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Await FOMC Statement, GDP Data [View article]
    The "purpose" is not the sole possession of Democrats, but is commonly shared by both parties, who in reality are simply actors on a stage, set by those behind the scenes rulers who do not stand up and take the "slings and arrows".

    We can debate monetary and fiscal policy all day long. We all know there is only "one way" fiscal policy. Balanced budgets are contractionary.

    If it walks like a duck, talks like a duck and smells like a duck...it's more than likely a duck. We should impute bad intentions, because the results indicate they spring from bad intentions.
    Apr 29, 2015. 06:52 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Shares Extend Bull Run [View article]
    Ha, Ha....don't be moronic. You or no one has indicated or presented ANY evidence that the INHERITORS run anything or make anything better than the first generation of wealth builders did. Walton's for example, are not involved in any way in the running of the business today.

    Richard...those with great managerial skills become the leaders who invent, run and build companies. Not their descendants. The precedent event is skill, not wealth. That is evidenced in a review of the owners of the Inc 500. I challenge you to find 1% of those companies that were started with "inherited family money".

    The 1% will always own the bulk of the pie, because the 99% do not have the characteristics (many good and many bad) to go after, create, compete, and maintain it.

    So hopefully you know understand that progeny is a non-meaningful component in wealth building. If anything they contribute to wealth-disintegration because they do not possess those key characteristics, or they elect to participate (like Gates and Buffet) as philanthropists.

    Richard....the real value is not in amassing wealth. The real value is in creating the enterprise that allowed you and everyone else to have a cell phone, the internet, big screen TV, etc for a fraction of the cost of the ingenuity contained therein. The value is in the fact that you and I don't have to wake at 5:00 am to milk the cows and pick the corn, because now 1% or so of the population can do it all and send it to the store for us to get.

    Will there come a day when robots do more and more of the work. Look at IBM's great thinking computer....maybe it will be doing medical diagnostics on line and we'll need fewer doctors. Who knows. But, one thing I am sure of is this....even in the future those with the above mentioned characteristics will be in the 1%.
    Apr 29, 2015. 12:21 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Await FOMC Statement, GDP Data [View article]
    I am still getting 2.1% - 2.75% at local credit unions. But then...some might question if I am a Senior.

    However, I am thinking about opening a Payday Lending Store after I retire. I understand I can boost my returns to something like 80 - 100%... every quarter.
    Apr 29, 2015. 12:03 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Await FOMC Statement, GDP Data [View article]
    "ZIRP harms the economy". That's the point...errr objective. Same people that run Obama run Fed.
    Apr 29, 2015. 09:05 AM | 5 Likes Like |Link to Comment
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10,700 Comments
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