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Viewing profile - brad

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brad
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Joined: Thu Apr 05, 2007 3:05 pm
Last visited: Thu Jan 29, 2015 10:52 am
Total posts: 1359
[1.52% of all posts / 0.39 posts per day]
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Most active forum: Personal Finance
[ 818 Posts / 60.19% of user’s posts ]
Most active topic: And the Big News in Science This Weekend Was...
[ 14 Posts / 1.03% of user’s posts ]

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brad Posts

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 Forum: Personal Finance   Topic: Yahoo article detailing one couple's budget.

Posted: Wed Jan 28, 2015 8:08 am 

Replies: 14
Views: 2887


I agree that it's crazy that they have car payments and other debts on that income, but also agree that the daycare and grocery spending don't seem unreasonable given their standard of living and their particular priorities. I'd also point out that with his monthly approach to budgeting and tracking...

 Forum: Personal Finance   Topic: Budgeting for 2015 - Share your thoughts

Posted: Mon Jan 26, 2015 1:13 pm 

Replies: 18
Views: 34677


Once the mortgage is paid off, we'll have no more need for any credit whatsoever, and our scores will be totally irrelevant. That would be true if the only people who look at credit scores are loaners (e.g., banks, credit card companies, mortgage providers, etc.). Unfortunately that's not the case:...

 Forum: Personal Finance   Topic: Budgeting for 2015 - Share your thoughts

Posted: Sat Jan 24, 2015 4:06 am 

Replies: 18
Views: 34677


It's always hard to say if someone's budget is "reasonable," because reasonableness depends on one's personal priorities. Our household income is higher than yours, but our budget looks completely different. That doesn't make it better, it just means we have different priorities. We take l...

 Forum: Personal Finance   Topic: Getting Rid of Recently Accrued Debt By Breaking Rules...

Posted: Wed Oct 08, 2014 3:49 am 

Replies: 16
Views: 2567


I find that a "budget" works better if you think of it as a spending plan. Take all the income you have available and assign every dollar to a category in your spending plan. "Spending" in this case includes savings for things like retirement; that money will be spent eventually ...

 Forum: Personal Finance   Topic: Depressed about my financial situation - or should I be?

Posted: Mon Oct 06, 2014 2:22 pm 

Replies: 64
Views: 7017


......In the meantime, maybe you'd be less stressed out if you figure out a way to relax about money and accept that it's just not going to work out the way you want. This is very good advice. Thank you, brad. Well, I'm sure not everyone would agree: it sounds like I'm saying "back down and le...

 Forum: Personal Finance   Topic: Stock Portfolio 3

 Post subject: Re: Stock Portfolio 3
Posted: Mon Oct 06, 2014 8:21 am 

Replies: 39
Views: 6056


You can get 100 heads in a row at any time; e.g. the first time you start flipping a coin. True. But the odds of that happening are 1 in 1.3 nonillion. i.e., it's almost definitely not going to happen. That's how probability works. Yes, that was my point. It's extremely unlikely, but not impossible...

 Forum: Personal Finance   Topic: Stock Portfolio 3

 Post subject: Re: Stock Portfolio 3
Posted: Mon Oct 06, 2014 8:12 am 

Replies: 39
Views: 6056


How is that not the way probability works? What I mean is that you don't have to physically flip a coin 1.3 nonillion times and then after flipping it all those times suddenly you will get 100 heads in a row. You can get 100 heads in a row at any time; e.g. the first time you start flipping a coin.

 Forum: Personal Finance   Topic: Stock Portfolio 3

 Post subject: Re: Stock Portfolio 3
Posted: Mon Oct 06, 2014 7:54 am 

Replies: 39
Views: 6056


In order to get 100 "heads" coin flips in a row, you'd have to flip the coin 1.3 nonillion times (not a typo), or 1.3 x 10^30. If you were Superman and were capable of somehow flipping the coin 10,000 times per second, it would still take you 4 quintillion years to get 100 "heads&quo...

 Forum: Personal Finance   Topic: Stock Portfolio 3

 Post subject: Re: Stock Portfolio 3
Posted: Mon Oct 06, 2014 7:38 am 

Replies: 39
Views: 6056


But year after year isn't forever. I think you could take any 10-year period and find lots of investors who beat the market during that period by picking individual stocks. I can see why you might think so, but it turns out that it's not actually that common. In fact, it's virtually nobody. Do you ...

 Forum: Personal Finance   Topic: Stock Portfolio 3

 Post subject: Re: Stock Portfolio 3
Posted: Mon Oct 06, 2014 7:13 am 

Replies: 39
Views: 6056


I think it's clear that some individual investors can outperform the index year after year Is it? Name a couple. There are likely many thousands of individual investors who've beaten the market "year after year," by picking individual stocks. I think a person who purchased a few shares of...

 Forum: Personal Finance   Topic: Stock Portfolio 3

 Post subject: Re: Stock Portfolio 3
Posted: Mon Oct 06, 2014 6:51 am 

Replies: 39
Views: 6056


The fact that you are going for an average result in indexing means that you acknowledge that you, yourself, are a worse investor on your own. I think for most index investors it's really more that you're acknowledging that you don't know whether you'd do better or worse than the index if you inves...

 Forum: Personal Finance   Topic: Depressed about my financial situation - or should I be?

Posted: Mon Oct 06, 2014 12:23 am 

Replies: 64
Views: 7017


You say fight the good fight? There is no good fight. Look at Tightwad's posts - its an argument that can't be resolved. My wife and I are soulmates and get along in every other aspect EXCEPT MONEY. It has been that way for 25 years and it will never change. In all but the most utopian relationship...

 Forum: Personal Finance   Topic: Depressed about my financial situation - or should I be?

Posted: Thu Oct 02, 2014 10:14 am 

Replies: 64
Views: 7017


She's much more frugal than I am (and I'm pretty frugal so that's saying something); when I met her she didn't even have a toaster and eating out at a restaurant was a once-a-year luxury. I envy you in that regard. If the day of the week ends in a "y" my wife thinks you're supposed to eat...

 Forum: Personal Finance   Topic: Depressed about my financial situation - or should I be?

Posted: Thu Oct 02, 2014 9:48 am 

Replies: 64
Views: 7017


If we had joint finances, our lifestyle in retirement would be exactly the same as under separate finances, because the overall pool of money is exactly the same size. Where the money comes from ("my money" versus "her money") is irrelevant. Yes, exactly! That's EXACTLY my point...
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