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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
The jury, who heard ALL the facts, disagreed with you. But I'm sure you feel you know more about it then they did.
And Kyle might not have been exactly like you think he was. He originally announced that ALL of the profits of his book would go to veterans causes. But that's hardly what he did. He kept nearly 95%. Sound like a straight shooter to you? |
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General_Magician Special user United States 707 Posts |
I stand by him Bob. I don't leave my dead on the battlefield.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
Quote:
Consider what Kyle’s publisher wrote after his tragic passing: “He dedicated his life in recent years to supporting veterans and donated the proceeds of American Sniper to the families of his fallen friends” (italics mine). An article in the Blaze definitively proclaimed: “A perfect reflection of his character, Kyle gave all proceeds from his best-selling book American Sniper to the families of soldiers killed in combat” (italics mine). Or this line from a Human Events article: “For American Sniper, Kyle donated the profits from that book to charity.” Kyle himself perpetuated this idea, telling the same proceeds-went-to-charity tale to the Texas News Service and even adding that he regularly received tearful calls and letters of thanks. In other words, Kyle LIED about where the profits went. And the jury found that he lied about Jesse Ventura as well. Read a LOT more about this and the facts behind the Ventura case here: http://www.nationalreview.com/article/38......page/0/2 |
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General_Magician Special user United States 707 Posts |
All I will say Bob, is that when it comes to the courtroom, it's like war, even if you win, you still lose. Jesse Ventura hasn't had his reputation restored, from what I have been reading he isn't welcome at anymore Navy SEAL reunions and most of the money is going to his lawyers. It doesn't really sound like much of a victory for Ventura to me. That's why the "acme of skill is to win without ending up in the courtroom." Which is a lesson that maybe Jesse Ventura will learn, albiet, the hard way. But you never know, some people never learn and Jesse might be one of them. About the only real winners out of this was Jesse's lawyers.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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Tom Cutts Staff Northern CA 5926 Posts |
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On Aug 5, 2014, General_Magician wrote: But you turn your back on a fellow soldier over hearsay. Typical your MO. All sound bites and nothing sound. You should be ashamed! Some people never learn, you seem to exemplify this platitude. You talk about the supposed disrespect from Ventura. Does the code of ethics not apply to every seal. In which case your hero was guilty of dissing a fellow serviceman by putting anything about him in that book. True or not. Shame, shame, shame to him and his supporters. |
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balducci Loyal user Canada 227 Posts |
Quote:
On Aug 5, 2014, mastermindreader wrote: I mentioned that earlier, but apparently the wrong link was posted in error. Thanks for fixing that. It is a great article more should read.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
Quote:
On Aug 5, 2014, General_Magician wrote: With all due respect, don't try to tell me or any of the other people here who have worked for years trying cases, what it's like when "it comes to the courtroom." You have no idea. |
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w_s_anderson Inner circle The United States 1226 Posts |
Quote:
On Aug 5, 2014, General_Magician wrote: I wasn't referring to you GM. I believe, as I have said before, that you have a very sound plan for your own retirement. If I was in your shoes I would most likely be following a much similar plan. However, the 90 percent stat you always quote is not entirely true. If I did not have the education, resources, and tools that I have I would be an index investor. But if one has easy access to daily updates, heads up on fund manager changes, impending fee changes, notices when the fund is underperforming the index, notices of increasing or decreasing dividend / interest payments, and the ability to exchange that fund for similiar fund that is beating the index at no extra cost, then you can maybe see how one with an active/passive portfolio mix stands a great chance of beating the index. I have the luxury of having to look at that crap all day long......lol.....if I didn't, however, I most likely would not have nearly as many actively managed funds in my portfolio. For a DIY'er your dollar cost averaging into a fund of funds approach is a great stratagey, especially in regards to saving on the account fees for each fund that vanguard charges. This is a high level read but it is a very thorough research paper. http://merage.uci.edu/Resources/Documents/SSRN-id1474083.pdf |
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Dannydoyle Eternal Order 21214 Posts |
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On Aug 5, 2014, General_Magician wrote: You will adjust better to civilian life when you figure out you are not on a battlefield or in the army. Also again youv have a useless platitude that saves you from the heavy lifting of thinking and taking a position. Take the time to figure out things. Have you ever set foot in a courtroom? How would you possibly know what it is or is not like?
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On Aug 5, 2014, mastermindreader wrote: Those of us who have worked for years teaching finance and analyzing securities feel the same way, with similar justification. |
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Dannydoyle Eternal Order 21214 Posts |
The completely ironic part is when he said "some people never learn".
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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General_Magician Special user United States 707 Posts |
Quote:
wasn't referring to you GM. I believe, as I have said before, that you have a very sound plan for your own retirement. If I was in your shoes I would most likely be following a much similar plan. However, the 90 percent stat you always quote is not entirely true. If I did not have the education, resources, and tools that I have I would be an index investor. But if one has easy access to daily updates, heads up on fund manager changes, impending fee changes, notices when the fund is underperforming the index, notices of increasing or decreasing dividend / interest payments, and the ability to exchange that fund for similiar fund that is beating the index at no extra cost, then you can maybe see how one with an active/passive portfolio mix stands a great chance of beating the index. I have the luxury of having to look at that crap all day long......lol.....if I didn't, however, I most likely would not have nearly as many actively managed funds in my portfolio. For a DIY'er your dollar cost averaging into a fund of funds approach is a great stratagey, especially in regards to saving on the account fees for each fund that vanguard charges. Thanks for the read anderson. I might try picking individual stocks without using any real money to see if I am any good at picking individual stocks for a year or two. If it turns out I make some great picks, I might go ahead and take some real money and invest in some individual stocks, that is if I have a good track record from my practice picks. If it turns out I am no good at picking individual stocks after a few years of practice picks, then I will stick strictly with index fund investing. Have you been performing lately? I will be on Channel 41 newsday this coming Friday. It's a local channel here in my area located in Macon GA. I will be on live for a short segment at 11:15am doing a small performance. I would like to see you perform sometime. It seems like you have a really good show.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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LobowolfXXX Inner circle La Famiglia 1196 Posts |
Quote:
On Aug 5, 2014, General_Magician wrote: Sounds like Kyle had Smith fooled - we know he didn't "always tell the truth." The lies about the profits of the book prove that.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
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balducci Loyal user Canada 227 Posts |
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On Aug 5, 2014, LobowolfXXX wrote: I do not know the truth of the matter, but there is also the story Kyle told of shooting and killing two carjackers. Except, no one has ever found evidence that this occurred. http://www.dmagazine.com/publications/d-......-kyle-01 "During the interview in which he discussed the gas station incident, he didn’t say where it happened. Most versions of the story have him in Cleburne, not far from Fort Worth. The Cleburne police chief says that if such an incident did happen, it wasn’t in his town. Every other chief of police along Highway 67 says the same thing. Public information requests produced no police reports, no coroner reports, nothing from the Texas Rangers or the Department of Public Safety. I stopped at every gas station along 67, Business 67 in Cleburne, and 10 miles in either direction. Nobody had heard of anything like that happening." http://www.dallasnews.com/news/metro/201......gacy.ece "Kyle told a story about shooting two men who tried to carjack his truck not long after he left military service ... But the carjacking story could not be independently confirmed by various publications, including The New Yorker in its latest issue."
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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tommy Eternal Order Devil's Island 16532 Posts |
Illusions can come from the seer either being too close or too far from the subject ie Love is blind as they say. Is it a bird? Is it plane? No its Superman! Investing, it's about seeing as clearly as one can the truth. What is the true chance of this horse winning and what odd are on offer? Know the answers to these two questions and you know if if the horse is over or under priced. In other words you know if you are being offered value or not which weather or not to back it. The had part is seeing the truth. The trainers of race horses get a better view of the horses than the public. The trainers have inside information. The punters, the public, see the form of each horse, like the public see the companies form of the companies on stock exchange. The people on the inside know a bit more than the people on the outside. In the mix we have manipulations going on. My advice is stay away away from the horses unless your professional. Stick to what you know. Make money what you do. If you have any spare money from that then gamble, if you please, but don't cry if you lose. Why not gamble by way of dealing with people you know. Be a silent partner in some enterprise. One does not need to know printing to go half in with a printer who knows his business on a small printing business. He takes a wage and you both split the profit. It is a gamble and one might lose, but at least you are somewhat closer to it than the stock market. Mind your own business anyway.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
GM: do you invest in fixed income (bond) funds, or only in equity (stock) funds?
How about other kinds of funds? Real Estate? Commodities? Currencies? |
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General_Magician Special user United States 707 Posts |
My money is invested in Vanguard's Life Strategy Growth Fund, ticker symbol VASGX https://personal.vanguard.com/us/funds/s......tExt=INT. Essentially, what it is a fund of index funds. So, the asset allocation of this fund of index funds is 80% stock and 20% bonds. The cost of this fund of index funds is .17% which is pretty cheap. The indexes that it invests in is Vanguard Total Stock Market Index Fund 56% allocation of assets, Vanguard International Total Stock Market Index Fund 24%, Vanguard Total Bond Market II Index Fund 16% and Vanguard Total International Bond Index Fund 4% . The reason why I chose this fund are several reasons.
First, my Individual 401(k) plan administered by Vanguard charges a $20 fee once a year, per fund. So minimizing the number of funds minimizes my administration costs. Two, I still need to be properly diversified and keep 4 risks in mind: Inflation, credit, interest rate and currency risk. Inflation Adjusted US Treasury bonds might be OK for credit and inflation risk, but then again, we have seen gridlock in Congress which have threatened the US government's credit rating (even though it could simply just print money, I still see some credit risk with the US government). So, with the domestic and international bond index funds in this fund of funds it is well diversified and helps with credit and currency risk (when you buy international stock and bonds you also buy international currency which hedges against the US currency), however, it is questionable if those bond funds alone help with the risk of inflation. You don't have to worry about interest rate risk as long as you hold onto bonds for the long term and they reach maturity, which happens when you hold on to bond index funds for the long term. The other two index funds this fund of index funds invests in are both a domestic and international stock index fund. This helps to hedge against the risk of inflation because stocks beat out inflation over the long term and most of the assets are invested in both domestic and international stocks. Investments in the international stock index fund also helps to hedge against the risk of currency. So, the main function of the stock index funds is to hedge against the risk of inflation and currency. Lastly, index funds provide instant diversification AND, much cheaper costs, PLUS you don't have to worry about a fund manager being changed out because index funds have no fund managers. So, over the years, the costs savings of this fund of index funds really begins to add up and provides returns themselves. Plus, I get all this diversification that hedges against the 4 risks of inflation, currency, interest rate and credit risk all in one single cheap costing fund of index funds and so Vanguard can only charge me $20 once per year, per 401(k) provision (I have this fund in my Roth 401(k) provision and I have this fund in my tradition 401(k) provision which my company match is deposited into). This helps keep my administrative cost down while maximizing my returns, hedging against the 4 risks and not having to pay trading costs or additional costs associated with an actively managed fund which those costs savings add up over time and provide their own returns given that they remain invested. Because I have these in a 401(k) account, the majority of my investments in a Roth provision, when I draw on this money the earnings from investment is tax free. The non-Roth provision is where my company match is deposited into and I am liable on the taxes of the non-Roth provision when I make a qualified distribution from that specific account, which only contains my company matches, but not my after tax salary deferrals. My Roth provision contains my after tax salary deferrals. I have also been advised by my attorney in my state to have a 401(k) account. You can talk to your attorney about any advantages from a legal standpoint that a 401(k) account might offer for you in your state (no I am not getting sued, I am just doing what my attorney tells me to do and I take the legal aspects of business and estate planning very seriously). But again, get your own legal advice from a qualified competent attorney in your state.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On Aug 5, 2014, General_Magician wrote: Buying securities denominated in currencies other than your domestic currency creates currency risk; it doesn't hedge currency risk. |
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w_s_anderson Inner circle The United States 1226 Posts |
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On Aug 5, 2014, S2000magician wrote: I didn't know you were a CFA and taught at Kaplan!! I am getting my CFP through Kaplan. |
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S2000magician Inner circle Yorba Linda, CA 3465 Posts |
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On Aug 6, 2014, w_s_anderson wrote: I'm like an onion. Or a parfait. Quote:
On Aug 6, 2014, w_s_anderson wrote: Best of luck! I've taught cash flow analysis for the CFP exams a few times. |
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