Wednesday, March 29, 2017
Prime Minister Theresa May is O.K.
Monday, March 27, 2017
Low Expectations
Thursday, March 23, 2017
401(k)
No thank you, Mr. Bank, you charge 1% for the dubious privilege of your pedestrian expertise, consisting of what is the difference between a stock and a bond, and your mutual fund selection is full of funds with expense ratios through the roof, an astronomical 1 - 2%. I will stick with my IRA and the only good mutual fund family, VANGUARD, thank you not at all, except for the free lunch, which was basically junk food, by the way, just like your entire product offering. What, are you trying to give us a heart attack with the food?
Some doofus raised his hand asking what the expense ratios were. The saleslady replied they were what the bank pays the mutual funds, which was a bald-faced lie, because the customer pays the mutual funds out of his principal. Nothing but lies in this meeting. They were telling us 401(k) was the only tax shelter, ignoring IRAs altogether, because they don't make money from that. After the meeting, I considered calling up Johnny to let him know the real scoop. I know my way around investing. But then I remembered back when I first started at the company. One day, when I was green on the job, Johnny sneered at me because I carried a heavy toolbox to fix a little problem that required just a single cable. Well, hey, you know what, expense ratios are Johnny's toolbox. The expense ratio's on him. That's his heavy toolbox he's lugging around, looking like a fool. Me, I'm with Vanguard. Let him pay that 1-2% for the next ten years.
Sunday, March 19, 2017
Maybe I'm All Wrong
And I see no reason to add a "k" to the word "magic." Shakespeare didn't, so why should we?
Wednesday, March 15, 2017
Trump Would Rather Be Bombing A-rabs
As for Trump's increase of defense spending, although that sounds good in principle--we all want to be safe--the ugly truth about defense spending is that a huge amount goes to waste, up in smoke due to pure negligence, corruption, schmoozing, parties, kickbacks, gifts, you name it. Generals retire to become salesmen for the very firms they used to purchase from. In any case, this is the real reason that Trump wants to increase defense spending--to enrich his cronies the easy way. They don't have to work hard or think at all. They just collect checks from the government. Welfare for the rich.
Sunday, March 5, 2017
I Didn't Approve of Stephen King
Saturday, March 4, 2017
To Be Old in America
One thing is sure. These United States cannot ally with Putin. Then we would be evil and so much worse for this poor old world.
Friday, March 3, 2017
Hypocrisy
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techlorebyigor is my personal journal for ideas & opinions