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Viewing profile - crisafugate

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crisafugate
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Joined: Sun Nov 07, 2010 1:49 am
Last visited: Fri Aug 02, 2013 10:58 pm
Total posts: 7
[0.01% of all posts / 0.00 posts per day]
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Most active forum: Personal Finance
[ 6 Posts / 85.71% of user’s posts ]
Most active topic: Buddhist Principles Of Investing
[ 4 Posts / 57.14% of user’s posts ]

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AIM: crisafugate
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Location: Bristow, VA
Age: 55
Occupation: Senior Programmer Analyst
Interests: Buddhism, meditation, lazy portfolio, margaritaville, bowling, snorkeling, astronomy, treasure hunting, hiking.
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Cris A. Fugate

"Now and then we had a hope that if we lived and were good,
God would permit us to be pirates.' ~ Mark Twain

crisafugate Posts

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 Forum: Personal Finance   Topic: Buddhist Principles Of Investing

Posted: Tue Nov 23, 2010 4:33 pm 

Replies: 8
Views: 2159


Of course there is risk, but you should manage your risk. All of life has some level of unpredictability, but you shouldn't use unfounded superstition to make your predictions. Some assets just have no sound way of being predictable. I shouldn't have to waste my time watching or worrying about those...

 Forum: Personal Finance   Topic: Buddhist Principles Of Investing

Posted: Wed Nov 17, 2010 4:50 pm 

Replies: 8
Views: 2159


Funny you say not to take things literally as most of these principles were not originally applied to investing. The point about fortune telling is the observation that nobody can consistently predict the markets. Therefore, it is better not to. This is one of the premises for lazy portfolios.

 Forum: Personal Finance   Topic: How do you avoid your credit card debt?

Posted: Tue Nov 16, 2010 9:44 pm 

Replies: 22
Views: 3640


To avoid credit card debt you simply don't use a credit card. Credit cards should be for emergencies only. And if you do use the card, pay it off asap. Yes, plastic is convenient, but you have to discipline yourself. Those who get into debt are simply spending too much. A good substitute for credit ...

 Forum: News & Announcements   Topic: Buddhist Investor

 Post subject: Buddhist Investor
Posted: Tue Nov 16, 2010 9:07 pm 

Replies: 0
Views: 10056


My ultimate goal is to retire on a tropical island (already have a house there) far away from here. But to get to that point I need to save for retirement. I have been following GRS for sometime and thought it was time to join the forums. I have a BA in Business Administration, but might be looking ...

 Forum: Personal Finance   Topic: Buddhist Principles Of Investing

Posted: Tue Nov 16, 2010 7:42 pm 

Replies: 8
Views: 2159


Thanks cjscully, I thought of arbitrage, but have been successful at it so far. On the other hand, I have heard of people getting burned. So, I am kind of neutral about it. However, I think Buddha's advice on limiting expenses (including credit) to 25% of your income would be a safeguard against it....

 Forum: Personal Finance   Topic: Buddhist Principles Of Investing

Posted: Sun Nov 07, 2010 3:49 pm 

Replies: 8
Views: 2159


Just wanted to briefly share these twelve principles of investing and see what others think. 1. saving (divide income into 25% for expenses, 50% for business, 25% for saving) 2. cash flow (focus your savings on assets for which you can compound interest and dividends) 3. gambling (avoid risky invest...
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