Finance thread

[HalfSmokes]

And you were expecting what exactly from a "finance" thread?   

A discussion on hoarding canned goods vs ammunition for currency after the zombie apocalypse?

[MarquisDeSade]

And you were expecting what exactly from a "finance" thread?   

This is what I'm referring to.  Whenever the over-the-top SABR people start posting nonsense this is the first thing that pops in my head:

[Ali the Baseball Cat]

Finding more contrived BS reasons to make people take ordinary differential equations

[MarquisDeSade]

Finding more contrived BS reasons to make people take ordinary differential equations

Well, there are useful applications of the underlying principles used in that nonsense but predicting stocks based on charts is as successful as using Markov rings to determine what's going to happen in a MLB game.

[HalfSmokes]

This is what I'm referring to.  Whenever the over-the-top SABR people start posting nonsense this is the first thing that pops in my head:

(Image removed from quote.)

Equity analysts have to find some reason to justify a very high salary for essentially throwing darts blind folded and hoping for the best

[MarquisDeSade]

Equity analysts have to find some reason to justify a very high salary for essentially throwing darts blind folded and hoping for the best

Personally, I like the researchers that do little more than "water cooler analysis". If could bite my tongue I'd take one of those gigs but i can't stop telling people with no purposes in life not to commit suicide.

[Ali the Baseball Cat]

You would be a great psychologist!  "Just die already, there's no hope for you...please pay the receptionist on the way out"

Personally, I like the researchers that do little more than "water cooler analysis". If could bite my tongue I'd take one of those gigs but i can't stop telling people with no purposes in life not to commit suicide.

[Mathguy]

Maybe for Fox News, but I doubt MDS has the listening skills for that line of work

You would be a great psychologist!  "Just die already, there's no hope for you...please pay the receptionist on the way out"

[Terpfan76]

A discussion on hoarding canned goods vs ammunition for currency after the zombie apocalypse?

Ammo all the way, you can shoot for food or go fishing. Water on the otherhand...

[DPMOmaha]

If they are FDIC insured, you are covered up to 250k.  I would imagine that any chequing account would fall under this (I know my ING "orange" accounts are FDIC insured). 

They are FDIC insured.  I'm thinking I'm going to take them for a test drive.  Worst case, I don't like it and go back to the way things were before.  I'll use my current WF account to channel everything through.  Then I won't have to change all the places that do allow me to do electronic pay.

[DPMOmaha]

...or I could open a Money Market savings account through WF...

[HalfSmokes]

...or I could open a Money Market savings account through WF...

Money Markets may or not be FDIC insured, more importantly, the rates right now suck

[JCA-CrystalCity]

I just pulled up the 10 year annual rate of return (compounded) on the TSP.   The C fund, which tracks the S&P 500, has an annual return of 2.94% over that period.  That compares to the G fund's return of 3.96%, and the S fund's return of 6.76%.  Essentially, you would have been better off in government securities than in the S&P 500 over the past 10 years. 

The private sector bond basket (the F fund) has beat the C fund 3 of the past 5 years.  The only two years the C Fund beat it were in 2009 and 2010, which were the years after the S&P 500 lost > 1/3 its value (2008), so that return has to be taken with some salt.

Needless to say, I need to stare very hard to find why the heck I bother trying to invest my retirement savings in anything other than drug shipments and lottery tickets.

[HalfSmokes]

the fun part is, people are still proclaiming that the stock market can maintain an average rate of 8% per year and telling people to plan based on that

[heeman82]

CLEANED UP at Hollywood @ Charlestown tonight 

[MarquisDeSade]

Isn't that all low stakes crap with a house penalty?  I'll stick with the underground No Limit. Make 'em say UGH.

[heeman82]

Isn't that all low stakes crap with a house penalty?  I'll stick with the underground No Limit. Make 'em say UGH.

What the hell are you talking about?

[MarquisDeSade]

What's The max you can raise there?