173 karma · joined May 9, 2014
However, if you really just want to park money for 20 years, you probably want a target year fund like [2] which will have higher risk now (stocks, REITs, etc), and rebalance to lower risk (Bonds) as it gets closer to 2040. It's literally the definition of set it and forget it.
[1] https://personal.vanguard.com/us/funds/snapshot?FundId=0123&...
[2] https://personal.vanguard.com/us/funds/snapshot?FundId=0696&...
edit: I should add, I'm not your financial advisor, and I don't have a fiduciary duty. You should consult with a financial advisor (who has a fiduciary duty) before making any decisions about investments. However, target year funds are frequently (one of) the best decisions for many people.
Showing pictures of a massacre
Showing pictures or video from a war
Reading a graphic account of a soldier from war
Showing pictures of mass graves (esp where body parts are identifiable)
Showing pictures or video of a rape (even if a scene from a movie)
Showing pictures of the evidence from a rape
Reading a graphic account of a rape victim
http://emojipedia.org/octopus/ http://emojipedia.org/ghost/ http://emojipedia.org/monkey/
[1] http://abcnews.go.com/Politics/OTUS/voter-fraud-real-rare/st...
Why the value judgement on single mothers? Also, the 73% is out of wedlock, not necessarily single mothers. Single mother numbers are actually 67%.
>and huge level of incarceration.
Incarceration policies put in place by republicans and democrats.
>How is it not a failure of political science and Democrats that represent African Americans on all levels of government?
It is a failure of American political policy. However, the answer isn't to build a wall or stop immigration. The answer is to improve education, train people for the jobs that actually exist in our economy, and if all else fails, figure out what we do when there just aren't enough jobs, not just pretend like manufacturing is going to come back. American manufacturing has never produced more goods than the present, but it also employees almost no one, because automation is amazing [1].
[1] Page 4 and 5: http://www.cs.rice.edu/~vardi/workawesome16.pdf
I have a really really hard time feeling bad for people who bought homes in the bay area in ~1980. They won the lottery. Their home grew 10% y/y for 30 years outpacing inflation by a significant margin. They got a 30 year tax break while their income likely outpaced inflation as well because they live in an extremely good job market. That house they bought for 100k is now worth 1.7 Million. They can sell the home, move basically anywhere else in the country, and retire on the remaining gain. Yeah, I'm having a hard time feeling too bad for them.
On the other hand, the person who moved to SF in 1980 and decided to rent, I feel bad for them. Unless they found a rent controlled apartment, they've seen their rents grow 10% y/y, and if they found a rent controlled apartment they probably got evicted when the owners of the property sold it, and the new owners decided they wanted to redo the property as condos.
Lets just call it what it is, rent control for rich people. Then maybe we'll talk about it sensibly and realize that it's a horribly thought out plan.
Yeah... that's called racism: the belief that all members of a race possess characteristics specific to that race.
> They own the property and ultimately it's their choice.
Yes it is their choice to either accept candidates regardless of race or delist their property and cease renting if they wish to be discriminatory in their rental practices.
Gawker could chose to relocate it's business outside the US, but as long as they are a US corporation, they are bound by US laws and rulings handed down by US courts. Furthermore, defamation laws for publishing content are very different than the right to be forgotten laws which apply to indexing content. No one is arguing that the content is defamation, since it is true and reasonable, the argument is that the content is no longer relevant to a person's character (eg shoplifting arrest as a teenager that made local news).
Unless you have or are a PhD student in AI who has kept up with the current deep net literature I assure you that the whole of Alphago will be unintuitive to you. However, if you were an AI PhD student, you likely wouldn't be so dismissive about this achievement.
Women aren't paid less because they take jobs for less money, women are paid less because men are promoted more, men dictate the location of families more, and women are encouraged to take on more of the homemaking as compared to their husbands.
Oh good, we've moved past the idea that a woman doing a specific job should earn less into a much harder problem of how do we convince society that women's careers are as important as mens.
edit: clarification: men dictate location of families.
edit: I should add, that I'm fairly certain that the employees at vanguard are in fact getting paid.
edit2: So the question is should we look at whether the employees/contractors at vanguard are getting paid market rate, or whether vanguard as a whole is charging market rate to the investors. My comparison to the hospital co-op was that it's unfair to compare apples-to-orangutans.
This would clearly be absurd, the management company is happy with their fee, and the co-op members are happy. The fact that "normal" corporate structure would pay more in tax shouldn't really factor into the decision since the question should be, given your corporate structure, are you paying taxes.
(see, I can say the same low quality thing you did and replace city with suburb)
Living in a large city has many huge benefits. Density of people leads to diversity and density in entertainment and food. Density means that you will find large groups of people that engage in the same esoteric hobbies.
https://en.wikipedia.org/wiki/Internment_of_Japanese_America...
[1] http://www.msnbc.com/msnbc/and-the-total-amount-spent-campai...
Person 1-10 make $10. Person 11 makes $100
Case 1, a flat tax of 30%
Person 1-10 pay $3, person 11 pays $30, for a total tax of $60 on $200 total income, that is 30%.
Case 2, a progressive tax of 1% on income up to $10, and a tax of 80% above that.
Person 1-10 pay $1, Person 11 pays 1% on $10 and pays 80% on $90 which is $72, a total tax of $82 on $200 income, a 41% tax!!!
> wealth doesn't beget wealth
The return on an investment in the S&P 500 over the past 50 years undermines this.
> absence of it does not prevent one from generating wealth.
Prevent is such a strong word. I'm not technically prevented from breaking the longest free-fall record. However, I do not have 1000s of skydives under my belt or connections in the community of record breaking skydiving. While I'm not technically prevented from getting those things, I'm behind the curve compared to someone that has those things.
> the manner in which it produce income inequality is not harmful
But he doesn't really present any real evidence that this is the case. Now, I agree, that some startups produce new wealth as some percentage of the wealth that their founders, investors, and employees reap. But it's obviously always more complicated than that. Take, for example, the Microsoft office suite, which by almost any measure created an immense amount of wealth. However, it also made a large number of jobs obsolete, and thus "redistributed" the wealth from people working typist style jobs. Take for example, smartphones, which again, have created an immense amount of wealth. However, they also allow smaller independent contractors who would otherwise have rented an office space, and hired a secretary, to simply use their smartphone to manage their day, thus "redistributing" some amount of wealth from a lower-middle class job to an upper-middle class job. Now, obviously, I've ignored that maybe, the loss of these jobs created new jobs that the workers who were displaced could do, but given that PGs argument was basically just "We make the pie bigger" with almost no evidence, my argument of "It's really not that simple" with some examples should be at least equally convincing to you.