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Old School

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  1. The Wall Street Journal reported defaulted student loans last quarter totaled $84 billion. Defaulting, especially on the scale of $84 billion, can also have repercussions for the entire economy. The Federal Reserve Bank of New York has researched how student debt has depressed home purchasing by young adults, and found that as much as 35% of the decline in home ownership of people in their late 20s can be attributed to student loans. Defaults make it harder to take out credit or even own a credit card, stifling additional economic activity. Even with a strong national economy and a lo
  2. I didn’t suggest it. Ray Dalio spelled it out in his all weather portfolio back in 2014. You can google it. He’s had great success and is worth about $14Billion and manages about $150Billion. He suggests a balanced asset allocation which you can find if you google it. I’m not selling anything other than suggesting some might want to look at it. It’s worked pretty well for his clients with minimum assets of $100Million. He must know a few things about money management was all I have been saying about the man.
  3. The Phd is totally 100% wrong if she is saying if everyone invests long the markets in say the SPY or VTSAX that it won’t work. Do what? VTSAX and SPY have never gone broke. If SPY goes broke we are all broke, back to the Stone Age. If everyone bought stocks and had zero debt the only people who would lose money are lenders who screw people who don’t have enough to pay cash. I think there are plenty of people who will always create debt by borrowing and financing to make the banks richer. So I’m dying to here from a PhD exactly how to many people buying stocks or proper bal
  4. How does saving, investing wisely with the power of compounding over time, living without debt, and wanting our nation’s kids to become more educated as well as adults twisted around in a thousand different directions here in this forum? It’s an equation. To much debt on all levels+ not enough savings and investing properly+not enough education and planning and working the plan to fix a nation with too much debt=a catastrophic disaster if it’s not fixed with education then what? It’s pretty simple. Educate. That or we live through another Greater Great Depression.
  5. I am trying to convey that our countries ever increasing debt burden that now exceeds our GDP is not healthy. You are the PhD, tell me how a nation which has no control at all over its own sky rocketing spending and debt level is a healthy thing. Tell me from your professional education how personal debt levels once again are at all time highs and most people are drowning in debt, how is this healthy for our country? How is this form of money management a good thing? Please, just stay focused on the topic I brought here, money management. I’ve been saying all along our increasing d
  6. Thank you for suggesting Mike Rowe. He’s trying with his heart to fill a great void in our country. I love his work and his passion.
  7. Honesty?I knew this was a forum for homeschoolers but I also thought there were many college professors, public school teachers and business owners as well. That was all I meant. I thought there was a larger spectrum of public and college level teachers. My mistake. I assumed this from a friend who told me about this forum. Why would you call me out for suggesting our entire country needs to educate our youth more in money management by looking at the facts, and how much debt in all sectors of society there is? How else should we reverse this terrible trend if not through much more educatio
  8. An example of a nice reply. It’s all I was wanting, a little feedback. It was the first reply before older posters came back with attacking me. At that point of the riot it became instantly unpopular to be nice and extremely important to be part of the fight against a guy asking a simple question or sharing examples of success stories. I never said anyone should do this or that, I just gave examples of how some of this countries most successful managers do it but the story line was here was instantly twisted to me preaching. I think it was all crowd control, the oldest posters here t
  9. Thank you so much for your positive feedback. I understand fully.
  10. You are correct, my question was answered. I’ve learned a lot from you all, especially about how to communicate better on my part. I apologize for the preaching, that’s 100% my fault. Humbled from mistakes here, I’ve learned a lot from all of you. Thank you again.
  11. You are correct, my question was answered. I’ve learned a lot from you all, especially about how to communicate better on my part. I apologize for the preaching, that’s 100% my fault. Humbled from mistakes here, I’ve learned a lot from all of you. Thank you again.
  12. Just one more example of insulting. What a rude bunch of people. Pitiful and petty
  13. Where in all my posts did I say anything about get rich quick? I didn’t. I know for a fact by reading back through the responses here my original question was turned from one simple question into a non stop barrage of rudeness, insults, and ideas I never mentioned like pumping a get rich quick scheme. I also realize I should never have posed this type of questions to home school moms. It was a total mistake on my part. I thought I was posting to a board of public educators, college professors and possibly businesses leaders. It was a huge mistake to come here and waste all of your tim
  14. Am I understanding you properly? You are calling Ray Dalios historical unmatched performance over 30 straight years a methodology that others should not trust nor try to follow with asset allocation discipline? http://fortune.com/2017/09/13/ray-dalio-bridgewater-associates-book/ I was trying to point out Rays methodology and performance, not mine. So, if you were going to teach advanced money management skills are you saying you would not use Ray Dalios unmatched long term performance as a great example of proper asset allocation, one that he shared with the world in 2014?
  15. In my opinion Ray Dalio has the closest thing to a long term stable approach to asset allocation.Ray is worth over $14Billion and runs a closed hedge fund worth over $150Billion. Please read the links below. His biggest draw down in 2008 using his conservative approach was approx -3.93%. It averages 9.72% per year since 1925 back tested. http://awealthofcommonsense.com/2014/11/back-testing-tony-robbins-weather-portfolio/ Duplicating The All-Weather Fund Using Low-Cost ETFs https://www.tonyrobbins.com/wealth-lifestyle/the-end-of-the-bull-market/"]https://www.tonyrobbins.com/w
  16. I never attacked the people here, nor said they weren’t teaching their kids. However I do find here people who make us things concerning my posts. I never attacked or berated anyone here. It’s been the opposite. I wasn’t preaching, I suggested our society needs more education concerning money management and I pointed out the dire fact of a country full of all kinds of people who find themselves in huge debt while they sip their $6 Starbucks and Tweeting away on their $1,000 iPhone while Christmas shopping charging more on their credit cards making Visa and Macy’s richer while striving
  17. Great. A blue collar self made guy like me who hated Algebra because it wasted my time, I use an app created by someone really good at Algebra 2 while I was busy getting the power run to his lights and computers and making millions in the stock market because I’m self taught there too. The Monkey Chimp App was probably created by a person really great at Algebra for dummies like me. God Bless them. It takes a village full of us helping each other to build a better village. Some like dirt, some like Algebra 2. I still like dirt and the smell of building massive projects as the sun
  18. Kinsa, I’ve been in the construction industry all my life beginning as a young boy. My grandparents and parents had their own businesses and I worked alongside them starting at age 4. Long before we were too scared as a society of lawyers and litigation, I worked earning money in the summers in chemical plants, and I was snuck into to many other projects throughout our state. I worked and had my own checking account and savings at ten years old. I’m semi retired now.
  19. MerryatHope, The government has no power large enough I am afraid other than its utter and total collapse upon its self to live within its means. There is no physical nor political constraints large enough to stop the beast from unbridled spending. With its back against the wall on March 9, 2009 the FED had two options. Our markets could totally cease up causing a total global financial dead stop and a modern Stone Age or it had to create a back stop from thin air whereby printing money with nothing but faith to ignite the present almost nine year bull market. The FED prostponed
  20. There is no sales pitch. I’m just an American dad. I thought I might bring up money management here as an area that our youth and others could use more education in. I brought the importance of saving and investing as young as possible because time is an important factor. I’m not selling anything other than established proven financial investing doctrine as it relates to dollar cost averaging, using the power of compounding to grow our wealth and getting started as soon as we can in life. I was also trying to point out that if a child doesn’t want to go to college there are of cours
  21. Creekland, Thank you for sharing. On average a college education in most sectors pay more, however there are trades that are very lucrative, in demand, and require less time and money than college. Higher education is important to some, but not all, or even most. There is a huge cost to many years of college, including soaring debt and lost years of earning and saving. I was just trying to point out that how one manages money over time is very important, regardless of college. With technological advances coming that will extend our lives, this is even more important. In the next tw
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