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Everything posted by augustus
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Incest is not cool but as you said they wouldn't touch each other. They sound like very uninhibited people or maybe they are drug users and need the money desperately. I don't know, but I would avoid a situation like this.
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Advice for a newbie investor?
+ augustus replied to + keroscenefire's topic in Personal Finance & Investing
You buy from highly rated insurance companies like NY Life, Mass Mutual and Northwestern. In any event, annuity holders are priority creditors if an insurance company gets into trouble, and that is extremely rare. Fisher Investments has built a business lying about annuities. His investment advice is no better than Fidelity, Morgan Stanley, etc. You can choose your own stocks or buy a low cost mutual fund. Fisher hasn't done any better than others. -
That is hideous. I've read about it on the news with all these skyrocketing rents.
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Advice for a newbie investor?
+ augustus replied to + keroscenefire's topic in Personal Finance & Investing
1. Stocks won't go up until they're finished going down. 2. Buy at low prices, sell at high prices, and you'll make a bundle. That'll be $250 for my insight please. -
In my state of 9 million people, the daily death rate from Covid has been in the single digits for several weeks now. It appears that covid is mutating into less and less deadly strains, as scientists said it would.
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Most definitely looks like a recession is coming. Inflation is a real problem and tighter money is on the way. The economy isn't growing at all as it is. The stock market mayhem is affecting the blue chip stocks now and this is not a good sign.
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Advice for a newbie investor?
+ augustus replied to + keroscenefire's topic in Personal Finance & Investing
Half in cash and the other half in a consumer staples fund. Consumer staples have a lower beta. I think things are going to be hairy for a while. Energy stocks have low p/e's and high dividends, but the political climate against them is awful as the left is trying to shut down all fossil fuels even though we need them! -
We have to be mindful about the National Debt. It is now 130% of GDP. Most economists agree that once a nation's government debt exceeds 90% of GDP there is a serious risk of default. Just the interest expense becomes overwhelming. So there's that to worry about too.
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It's the economy. The women are feeling it too. https://nypost.com/2022/06/03/onlyfans-models-sex-workers-feel-pinch-of-sluggish-economy/
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If the situation arises where you need LTC in a facility, calculate the 5 year cost from your assets and give the rest immediately to your sister. The 5 year look back period will be satisfied, but you will need at least 500k to put in reserve for the LTC care.
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What is something bad you have done with no regrets?
+ augustus replied to + 7829V's topic in The Lounge
You are probably right but the breakup of the families is really sad in re the children. -
Any straight guy with swagger.
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Your nearest and dearest are patiently waiting LOL.
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Good Lord, I just found out that Steve Bronski died in a fire in his London apartment this past December. He was a great musician and one of the first openly gay musicians and band. Here is a great pop e-music song from 1984.....
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OMG, he's naked: Actor Jesse Williams lets it all hang out during his 'Take Me Out' performance - OMG.BLOG
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Don't forget if you have a nearest and dearest, you can buy 10K and put him/her as POD and they can buy 10K and put you as POD.
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@Cooper Be very careful. These folks make money on commissions. They will always push annuities, which may or may not be a good deal for. If you still need tax deferral, then it's an option. Blue chip mutual funds and cash are the best I believe. And beware of "managed funds". My aunt when she was in her 80's was convinced by a broker at Charles Schawb to invest in a managed fund, mostly commodities, which is outrageous for someone her age. He promised that there would be no losses in the managed fund because of the use of derivatives, which turned out to be true but her return was only 2% for each of the 2 years she was invested. The S&P 500 rose by double digits in each of those 2 years. I found out that the brokers commission was 1% of all the money she had in that fund (about 800k), as opposed to a commission of 1/10th of 1% if she were just in mutual funds.
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Yes they are a "good" deal right now, but we must remember it only matches the inflation rate (the fixed rate is 0). Pretty sad commentary on our times that there is no real return, but at least it maintains your purchasing power. You used to be able to buy 30K a year with savings bonds.
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Just remember.....these projected outsized returns are ALWAYS based on a model that uses LEVERAGE, which is why they often blow up.
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Omicron itself is by far the best booster for 95% of the population. Those at low risk never needed one in the first place, let alone two. That reality is Not good for Big Pharma's bottom line though or Fauci's relevance, or what remains of it.
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This is what real privilege looks like. You can assault someone on live TV, win your award, have everyone cry and applaud for you, blame your action on something else and then brag about it later. He didn't do anything to the guy who had an "entanglement" with his wife. And best actor, what a joke!! No wonder no one watches the Oscars anymore.
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No. I meant Smith was out of line. It's not like she has cancer.
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