Comments by pensionking (page 13)

The investing industry (equity and income) is predicated on the understanding that there exist inefficiencies in the pricing (and credit worthiness) of the underlying investments. The industry is further predicated on the belief that with fundamental research, knowledge and effort, the investment expert can adroitly identify said inefficiencies to the financial benefit of the investor (so called buying low and selling high). There is gambling in which the event outcome is random with a mathematically determinable probability of occurring. Then, there is investing (where inefficiencies exist and research is not always gathered or understood by the gatherer). Some investors experience gains, some do not. To the ignorant, uninformed investor, investing feels like gambling. To professionals with training, knowledge and research, it is process. If one has no knowledge or inclination to perform fundamental research, then invest in yourself or in cash. If one mistrusts the "experts" performing research and making recommendations, invest in yourself or in cash. However, those that have trusted investment professionals (advisors and mutual fund managers alike) and have invested with them have historically been rewarded handsomely. Even through the worst of times, with an appropriate time horizon, exposure to risk assets have performed in a beneficial manner.

Agree with Jim, Doug, 25 and Rock -- all speak with knowledge rather than bluster. It looks to me like growth is coming after a decade of stagnant growth. Earlier this decade, gains were aided by financial engineering, cheap money and aggressive cost cutting. I see economic expansion and capital deployment ahead. Corporations stockpiling cash now have incentives to expand/invest. Jobs and wage inflation to follow. Having said that, at each new market high, I advise some selling to build a rainy day cash fund for deployment under buying opportunities. When a business reports a poor quarter and declining sales -- that is real - don't buy. However, when someone in China farts and Procter & Gamble drop -- that is a buying opportunity. When some idiot blows himself up in a market in Europe killing 30 people and Microsoft drops -- that is a buying opportunity -- no causation to the drop. A rising tide lifts all boats -- even the losers. A receding tide lowers all boats -- even the winners. That's when (and what) to buy!! Happy investing!

All time fav DT BJ CIM COF is Heather Brooke aka Heather Harmon. Check her out.

Attend a sex addicts anonymous meeting. Play hard to get.

Instead of offering a voucher for a future flight, they need to walk the aisle waiving $100 bills! Corporate pukes are flying on the company dime. They don't give a shit about a voucher. Give a road warrior a night of freedom from the wife and a pocketful of undocumented cash on the other hand ... Cash is king! Surely some greedy fuck would pocket the cash and get home a day late after having dinner and hitting the local SCs on the airline's dime. I would have. Pay for my hotel, buy me dinner, rebook me first thing in morning and $500 cash for tasty pussy. I'm in!!

Mostly A). I seem to spend more time in a fewer number of clubs. Back in the day, it was the Yellow Pages and a lot of trial and error. Now, I know which loser clubs to avoid (unless I make an impulse visit without checking -- my own fault). The clubs that I know I will enjoy, I think about and visit more often.

Best April Fools Joke ever -- Sidd Finch in Sports Illustrated.

Bogarts near Detroit or Arnie's near Chicago. Never been to Follies or TJ (yet).

TJ

In terms of strip clubs, there is nothing in St. Louis. Go the extra 20 minutes to Washington Park, IL, and you'll find nearly a dozen options with Detroit style service (if your standards are low enough).

Take I-70 east about 270 miles. That should do it.

IMO, Trump won because of a combination of factors: 1. The far right had nowhere else to go. 2. The Hillary haters had nowhere else to go. 3. The Clinton haters had nowhere else to go. 4. Working class whites felt Trump spoke more for them than Hillary. 5. Disenfranchised voters that wanted "hope and change" and got neither, are giving the other party a try. If the Dems can marginalize the elitist lefty faction of their party and move toward the center, especially fiscally, they will reclaim the white house and congress.

If you regret doing something after doing it, but continue doing it -- well, that is the definition of an unhealthy addiction. The mere act of asking your question implies that you already know the answer to your own question.

Indulge your fantasy -- have your DS wear it for your fucking fantasy and film it. Don't burn it, after!! Donate it to charity and take the deduction for the full purchase price. Alternatively, sell it on ebay. Either way, take the amount earned/saved and spend it fucking your DS again. That way, it is like your EX is paying for you to fuck your DS. What could be more aces??

I am deeply disturbed at how many of these I have visited. CTs in Gary IN wins the award, for me. Ugh! Honey's a close second to worst. Last visit, the bathroom AND heat were out of order. Electricity was working though!

This rally is not earnings driven, yet. The rally reflects the presumption of a more favorable business environment with the new administration. As stated on CNBC yesterday, "It's been 8 years since we've had an American President that likes the word 'profit'. This guy likes profit." We are seeing the positive effects of cash leaving the sidelines and joining the party. If bond funds begin dropping in value, 401(k) investors will transfer to whatever has been growing -- that would be equities. That is what novice investors do -- they chase prior gains with more money. That inflow will further increase stock prices and the rally will continue. At some stage, the smart money will perceive equities as over bought and will reduce their equity positions to lock in gains and secure profits. At that juncture, we will see a pull back. Of course, Trump could get a turd in sideways or tweet some foolish shit and derail the rally -- but only temporarily. I would be a buyer on every one of his ridiculous market-drop-inducing tweets.

Conspiracy theory still believed by many: Michael Jordan was forced to resign from basketball for 2 years in the middle of 6-peat rather than face damaging public suspension for gambling.

I hate stories about guys paying more than I pay -- fucking curve breakers! LOL

SJG is correct. And SJG is wrong. An amateur day trader has little likelihood of long term success over professional investors with experience and voluminous research. However, investing in equities over longer periods of time is relying on the belief that management will run the company in such a way as to maximize shareholder value. Large and small shareholders share alike in growth and dividends. Diversifying across a cross-section of businesses and sectors reduces the likelihood of losing everything. If a person owns and operates a business, they have equity and control. If they are skilled (and surround themselves with skilled individuals), entrepreneurial ownership can pay handsome rewards. However, for the majority of individuals lacking entrepreneurial ideas and resources, investing in a diversified portfolio of well run, solid corporations is the next best way to grow ones savings at a rate outpacing inflation. Investing is not fascism. Investing is not gambling. Investing is investing. Holding stock is ownership. Period. To discourage anyone from investing in a well run 401(k) plan is lunacy, bordering on financial homicide. Mic drop.

oldergaydaddies??? wtf????

My wife refused to have sex if anyone else was in the house. Never at the parents house. Never any PDA. Too shy, very prudish, even at her peak. That resulted in 20+ years of (basically) hotel sex. Should've seen the signs coming -- what a dumbass I was. IMHO, the woman who gets MORE into sex as she ages is a unicorn. Your best possible outcome is to hope it stays (relatively) the same. If she is at all prudish while dating -- fuggetaboutit! If she is a sex freak while dating, you have a 50-50 chance of happiness. If she is a freak after marriage, but before kids, you have a 60% chance. If she is a freak after having kids -- you have the golden goose!! Enjoy!! Otherwise -- you wind up on tuscl.

RandomMember's idea of laddering bonds makes good sense in a potentially rising interest rate environment as you can simple ride the bonds out until maturity. Bond funds (especially those with longer average durations) are more susceptible to interest rate hikes. If one must hold bond funds, as in many 401(k) plans, choose options with shorter duration to reduce interest rate risk. Also, consider mixing with high yield options aka below-investment grade bond funds aka junk bond funds. Importantly, as the equity markets achieve new all-time highs week after week, keep something in cash and/or in low duration bonds so that you have some "dry powder" to make equity purchases when those dreaded 20% market downturns/buying opportunities arise. Most importantly, don't spend more than you earn.

Good one

As the fed raises interest rates, bonds will lose value. When people start getting statements reflecting losses in (previously thought to be "safe") bond funds, bond funds will sell off, generating further losses due to untimely liquidation. This is called a bubble. Sold off bond proceeds will be divided between stocks and gold. Watch gold spike. Watch stocks temporarily spike. After that, look out belooooooooow . . .

I agree with keeping the foot on the gas -- passing is what got them IN to FG range -- right up until they were in FG range on the 22 with 4:40 to go. From the 22, three running plays brings the clock to 3:00 (or burns timeouts). Either way, kick the 30-40 yard FG -- then it is a 2 score game up 11 with 3 minutes and change to go. I suppose it is easy to second-guess.