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Search: Posts Made By: aenlighten
Forum: Other topics 03-11-2009, 10:35 AM
Replies: 74
Views: 6,992
Posted By aenlighten
The study was reported by Steven Levitt in his...

The study was reported by Steven Levitt in his book Freakonomics. It focused on how contestants on The Weakest Link treated each other. No racial or sex based discrimination was detected, but...
Forum: Other topics 03-10-2009, 12:20 PM
Replies: 74
Views: 6,992
Posted By aenlighten
There have been recent studies in discrimination

The largest and most ubiquitous was that against the old. It is both common and accepted. People will use anecdotes and stereotypes to maintain and reinforce it even though false. The truth is...
Forum: FIRE and Money 02-09-2009, 12:37 PM
Replies: 20
Views: 3,101
Posted By aenlighten
I'm up to 4.1%

I had a significant cushion because I was trying to delay tapping my IRA early. That is looking less possible to avoid. This economy is scary with the 10 year S&P already the worst ever. I didn't...
Forum: FIRE and Money 12-22-2008, 08:25 PM
Replies: 6
Views: 1,958
Posted By aenlighten
It already is a repeat

PEs have been shrinking all this decade. About the only question is whether it turns around by 2010 or takes longer.
Forum: FIRE and Money 12-13-2008, 12:08 PM
Replies: 35
Views: 8,390
Posted By aenlighten
The Germans invented SS

At 72% they wouldn't have to save for retirement. Luxemberg does 100%. That is a bit too much for me since I would rather have the upside of equities. Perhaps it's my German background but I...
Forum: FIRE and Money 11-24-2008, 01:41 PM
Replies: 46
Views: 4,848
Posted By aenlighten
My tracking method

is a number of envelopes listing expense categories that I tuck all receipts into as I get them. For the rare item that does not have a receipt, I make up one. Once a year I total everything up for...
Forum: FIRE and Money 11-22-2008, 07:16 PM
Replies: 46
Views: 4,848
Posted By aenlighten
What have your expenses been?

My expenses were around 25% of my final salary and have hardly changed at all. Now if I actually had to cut back that could be painful, but the only thing I had to trim were my expectations.
Forum: FIRE and Money 11-17-2008, 02:37 PM
Replies: 67
Views: 6,215
Posted By aenlighten
We are in recession along with the rest of the developed world

But there is little evidence consumer sentiment affects consumer behavior. At best it seems more reactive, which is also what I would make of the media. Oil country is still doing well even with...
Forum: Other topics 11-11-2008, 05:41 PM
Replies: 53
Views: 4,506
Posted By aenlighten
Working in a cyclical changing industry, many times

Increasingly so later in my career. During industry meltdowns (2), company liquidations (2), and recessions (2). Once I took a contracting job after not finding anything for 6 months. The last...
Forum: FIRE and Money 11-06-2008, 02:28 PM
Replies: 22
Views: 2,547
Posted By aenlighten
Also in SoCal, relative to expenses

Taxes 26%
Mortgage 0%
Savings 0%
Food 14%
Util 7%
Else 46%
Forum: FIRE and Money 11-05-2008, 12:16 PM
Replies: 118
Views: 10,998
Posted By aenlighten
Socal so utilities aren't that much

$481 a month for a 1550 sf ranch
Forum: FIRE and Money 09-25-2008, 11:44 AM
Replies: 8
Views: 1,364
Posted By aenlighten
Not so sure about the public

though I am sure most were happy to see prices rise, I think many felt things were getting out of hand. Of course conservatives always look for someone else to blame for their failings;...
Forum: FIRE and Money 09-10-2008, 11:34 AM
Replies: 13
Views: 2,180
Posted By aenlighten
Google is lightweight

Yahoo has so much more extensive information whether historical data, advanced charting, or analysis. It's portfolio has had associated news for years. Google isn't much more than quotes.
Forum: FIRE and Money 09-06-2008, 10:41 AM
Replies: 6
Views: 2,119
Posted By aenlighten
Looking at the historical data...

Looking at the historical data (https://exemplarexplorations.wordpress.com/2008/04/06/swrs-by-year/), there have been times when higher withdrawal rates were justified and these were when the market...
Forum: FIRE and Money 09-05-2008, 12:01 PM
Replies: 16
Views: 2,560
Posted By aenlighten
Buying is a long term investment

Rents rise over time, so if renting and owning are equivalent, owning is the superior long term option, but rents are normally less than owning where ever real appreciation can be expected, so the...
Forum: FIRE and Money 08-26-2008, 02:44 PM
Replies: 64
Views: 7,969
Posted By aenlighten
I daresay those spending $150k a year are more...

I daresay those spending $150k a year are more concerned with spending their principal than sustaining it. Too much money and not enough time.
Forum: FIRE and Money 08-25-2008, 12:38 PM
Replies: 69
Views: 5,702
Posted By aenlighten
Besides longevity

it may pay to take some time to convert IRAs from Traditional to Roth before starting it for tax reasons. Have to look at the tax situation then since nothing is certain but change.
Forum: FIRE and Money 08-20-2008, 01:58 PM
Replies: 194
Views: 14,265
Posted By aenlighten
CitricAcid: Nice summary of the trickle down theory

And I would buy it if we were at the opposite end of pendulum, but we're not. Real incomes of the P0-99 percentile have largely stagnated since the late 60s, bouncing up or down with the economy but...
Forum: FIRE and Money 08-19-2008, 12:42 PM
Replies: 194
Views: 14,265
Posted By aenlighten
Opposing arguments Practical arguments 1)...

Opposing arguments
Practical arguments
1) Canít get blood from a turnip Don't bite that hand that feeds you Unless you also snap the neck?
2) Got to go where the money is The candle that burns...
Forum: Other topics 08-18-2008, 12:37 PM
Replies: 26
Views: 2,817
Posted By aenlighten
Life expectancy at 66 is about 86. I expect to...

Life expectancy at 66 is about 86. I expect to reach 90 but not a lot longer. I did a poll here on life expectancy but it appears it is not correlated with early retirement and wealth. This makes...
Forum: FIRE and Money 08-17-2008, 10:47 AM
Replies: 194
Views: 14,265
Posted By aenlighten
That would be true by definition since 60% is...

That would be true by definition since 60% is greater than 40%; that is what a quintile means.
Forum: FIRE and Money 08-16-2008, 10:49 AM
Replies: 194
Views: 14,265
Posted By aenlighten
Generally the total of all taxes are fairly flat...

Generally the total of all taxes are fairly flat with income while the income tax is mildly progressive, but one can consider SS and Medicare as benefits as well as taxes yielding a mildly...
Forum: FIRE and Money 08-04-2008, 11:35 AM
Replies: 38
Views: 4,104
Posted By aenlighten
Rates might have been higher than they otherwise would be

but China is adding 1T a year in savings and the Gulf states much as well and these would have greatly overwhelmed any piddly SS effect.
Forum: FIRE and Money 08-02-2008, 05:40 PM
Replies: 38
Views: 4,104
Posted By aenlighten
What will be a problem in 2017

is Medicare. If nothing is done it will end up in general funding then. Now if healthcare is reformed, this may be delayed or go away, but if it takes a crisis to do anything, that will be when it...
Forum: FIRE and Money 08-02-2008, 02:39 PM
Replies: 38
Views: 4,104
Posted By aenlighten
The money has already been borrowed. Now rolling...

The money has already been borrowed. Now rolling it over to new borrowers may affect rates, but fairly small in itself. The US debt ratio is only 66%. The amounts in any year are only reach...
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