JLC’s Activity

Today

NL

Boards Post

JLC replied to the Retire Early CampFIRE board. 6 minutes ago

Re: Great book review!

With 27-year-old incredibly hot billionaires...

Missed it by 22 years.

JLC

NL

Boards Post

JLC replied to the Macro Economic Trends and Risks board. 11 minutes ago

Re: Debt Collections On Torrid Pace

Health care bills account for 37.9% of debts collected...

Obviously I have a vested interest in this. But I'm curious if that number could be broken down into hospitals and physicians.

FWIW, my group constantly sends debts to [more]

NL

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JLC replied to the Macro Economic Trends and Risks board. 20 minutes ago

Re: India's dwindling number of girls

A shortage of brides will eventually increase their value and change the culture.

That's what happened in China. Some enterprising "brides" would marry multiple times, collecting dowries, then disappear.

JLC

NL

Boards Post

JLC posted to the Retire Early CampFIRE board. 38 minutes ago

On Topic: SS Benefits

Stumbled across this link while reading the WSJ. A calculator to help you maximize your benefits as far as when to start drawing.

I'm not counting on SS when I retire, I think it will be bankrupt or someone like myself will be means tested [more]

NL

Boards Post

JLC replied to the Retire Early CampFIRE board. 3 hours ago

Re: Why discriminate?

Why discriminate against the educated?

Because they can't be BS'd like the poor.

Give the uneducated money, food, and shelter, tell them it came from a rainbow pot of gold secretly guarded by lephrecans and restocked by [more]

NL

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JLC replied to the Retire Early CampFIRE board. 3 hours ago

Re: And yes it's about the Jews, not Israel

As long as Israel maintains its current policy of armed coexistence with the Palestinians...

Like they actually have a choice of UNARMED coexistence?

JLC

NL

Boards Post

JLC replied to the Macro Economic Trends and Risks board. 3 hours ago

Re: The bear signal

Ok, after skimming the article...

“There have been only two instances when the NYSE Tick and stock prices diverged radically, and that was in the first quarter of 2000 and the third quarter of 2007. The third time was April of 2014,” Cook [more]

NL

Boards Post

JLC replied to the Macro Economic Trends and Risks board. 3 hours ago

Re: The bear signal

His indicator alerted him to the 1987, 2000, and 2007
crashes.


Needs to be taken with a grain of salt.

What needs to be known is how often his indicator alerts him. Is he 3 for 3 or 3 for 300? If the former, too little [more]

Yesterday

NL

Boards Post

JLC replied to the Mechanical Investing board. 12:40 PM

Re: Poll: Size of porfolio sans inheirtance

...there is something unquantifiable about poverty—that, like goodness and obscenity, it may be easier to recognize than to define.

I've been to places on medical mission trips where "homes" were built out of hefty bags and [more]

NL

Boards Post

JLC replied to the Retire Early CampFIRE board. 9:20 AM

Re: Poll: Americans wish they had elected...

...what do you expect when you hired a frikken community organizer to lead the free world...

If you stop and put a little thought into it, the logical conclusion is happening. Community organizers for the most part gather a group [more]

NL

Boards Post

JLC replied to the Macro Economic Trends and Risks board. 9:04 AM

Re: 2.1

2.1 is the fertility rate needed to maintain a population.

This 2.1 needs to have an asterisk. Yes, 2.1 to maintain a population. But if the US has 1.9 fertility but has a 0.2 increase from immigration, population is [more]

NL

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JLC replied to the Best Travel Spots/Tips board. 8:59 AM

Re: Cell Phone for Europe trip?

You may consider just getting a text message plan. Usually cheaper than voice.

JLC

Sun Jul 27

NL

Boards Post

JLC replied to the Retire Early CampFIRE board. 4:47 PM

Re: Nearly everyone's getting poorer

I grew up in a Socialist country and I have seen what that does to people. There is no hope…no freedom…no pride in achievement.

Way back in 1991, I was able to travel with a group to the USSR. It was an exchange program, we lived and [more]

NL

Boards Post

JLC replied to the Mechanical Investing board. 11:16 AM

Re: Poll: Size of porfolio sans inheirtance

The most shocking IMO is that the bottom 50% of American households are essentially penniless.

Elan


That's the problem with a "static" statistic. Twenty years ago DW & I were in that 50%. Now we are 1%ers. [more]

Sat Jul 26

NL

Boards Post

JLC replied to the Mechanical Investing board. 5:09 PM

Re: Poll: Size of porfolio sans inheirtance

I have no sympathy for Medical Doctors.

Not to turn this into a nasty titt-for-tat, but I didn't ask you to have sympathy.

The point of the post was to provide a very realistic example of how someone making [more]

NL

Boards Post

JLC replied to the Mechanical Investing board. 8:39 AM

Re: Poll: Size of porfolio sans inheirtance

It is hard for me to make these two figures fit together. Anybody who's making $300K and has a net worth of $1.5M is definitely wasting money on something.

Baltassar


Not that hard to make it fit. Just ask your physician. [more]

Fri Jul 25

NL

Boards Post

JLC replied to the Mechanical Investing board. 4:53 PM

Re: Poll: Size of porfolio sans inheirtance

I believe JLC's comment about being an "evil" 1%er was intended to be slightly tongue-in-cheek.

Evil yes it was tongue and cheek. 1%er is true, but its not that big of a deal. I'm sure we have quit a few around [more]

NL

Boards Post

JLC replied to the Mechanical Investing board. 4:50 PM

Re: Poll: Size of porfolio sans inheirtance

Awesome. Just 1 question though:
Who doesn't think a 1%ers wealth isn't an insane amount? ;-)


Much of it is self perception.

DW & I don't think of ourselves as wealthy. Mostly because we have to get up every day and [more]

NL

Boards Post

JLC replied to the Mechanical Investing board. 10:53 AM

Re: Poll: Size of porfolio sans inheirtance

Ok, coming late to this discussion. A few comments in no particular order.

...Luck. I've always operated under the old cliche of "luck is where preparation meets opportunity". Some people would call me lucky to be born smart and in [more]

Thu Jul 24

NL

Boards Post

JLC posted to the Retire Early CampFIRE board. 11:04 AM

Another Botched Execution?

So this time it takes 2 hours for the killer to die. So many thoughts.

...the killer died, so technically the execution wasn't botched. If the hangman's noose broke or the weapon didn't discharge, that would be a botched [more]

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Boards Stats & Trivia

Big gold star, 5000 posts Old School Fool
Board Posts 18666
Recs Received 36813
People who have rec'd these posts 1850
Recs to Posts Ratio (last 30 days) 10.80
Threads Started 1800
Threads Started Percentage 9.64 %
Most Frequent Board Retire Early CampFIRE
Very First Post Re: investments during BTD hold period (6/15/1997)
Percentage of Posts Rec'd 56.80 %
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