Comments | lostintransit: money matters

lostintransit

money matters

Feb 08, 2009 22:37

"You must always know when to pull out. A businessman isn't a mathematician. Remember that. Never become hypnotized by the beauty of numbers. A businessman is someone who buys at ten and is happy to get out at twelve. The other kind of man buys at ten, sees it rise to eighteen and does nothing. He is waiting for it to get to twenty. The beauty of ( Read more... )

Comments 7

clankyrobot February 9 2009, 14:00:22 UTC

kevin knows just about everything there is to know about investing without actually getting a degree in it. email him and i'm sure he'd be glad to give you all sorts of ideas! kwortman at gmail dot com. :)

lostintransit February 10 2009, 06:20:42 UTC

hah, thanks for volunteering your husband! :) but yeah, i'd love some input from a knowledgeable fellow like that. i'll send him an email... unless he's the one that commented below?

leastcriminal February 10 2009, 06:21:39 UTC

Yes, that's me, Kevin, down there.

michaelpop February 9 2009, 17:12:06 UTC

Dude, nice sofa! Where'd you get it/who makes it?

lostintransit February 10 2009, 06:24:05 UTC

actually, we ended up getting the sofa from this one manufacturer... i think it was a company called First At Home or something like that, which i think is based in LA actually. and we got the fabric from another manufacturer, whose name i can't recall. the store we went through had to special order the fabric and ship it to the manufacturer, so it was kinda pricey, but we got exactly what we wanted and we love it, so in the long run it will hopefully be worth it. it was our first major joint purchase. we yell at kitty and shoo her away any time she even gets near it :)

leastcriminal February 10 2009, 06:07:01 UTC

For this sort of think I look to academic experts; I subscribe to the efficient market hypothesis and modern portfolio theory. The premise is that the short-term movements of the markets resemble an unpredictable random walk, hence choosing individual investments that outperform the overall market on a consistent long term basis is extremely unlikely, hence anyone who claims otherwise is probably either fooling themselves or looking at too small a time window, hence you might as well just track the overall market and keep expenses as low as possible. You can do this by deciding on a stock/bond allocation and implementing it with a small number (2-6) of index mutual funds or ETFs ( ... )

lostintransit February 10 2009, 06:36:28 UTC

hey kevin!! thanks so much for writing this out for me. i'm about to go to bed, so i'll check out your links and respond to this in the next day or two.