541–550 of 713 posts
Bitcoin has been my most profitable.
I made http://fivestar.io/ a year or two ago; it's a better Amazon search. It shines when you search for something that you want the best version of, without caring about the details; i.e., let the masses determine the quality for you. It weights results based on ratings, review volume, and some other stuff, segmenting the results by price range. Helps me answer the question "I want the best phone mount for my bike,…
Launched this small tool 5 weeks ago: http://sqlify.io Made a few dollars with AdSense.
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Don't you lose if you can't find Tennant's for your property? Or do you plan to just go bankrupt if that happens?
> but given that I have a 12 month DSRA account in place, I'm quite happy with the investment.
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I read that book this year. The entire book can be summarised as. Don't attempt to beat the market. The market cannot be beat (many examples in the book). Invest in index funds long term which is the right mix of risk/reward for most people. It does have a chart in the back which tracks your age and situation. For example as you approach retirement you should start to liquidate your funds and buy government bonds so…
>The market cannot be beat. I really would like to believe this, but please explain to me how then how firms like Renaissance can exist ... Not sure whether it's relevant but I'll add that I'm an economics PhD student.
It's a simple fallacy most people with a statistics background understand, but the average journalist doesn't.
Saying you can't beat the market, is like saying you can't win at boxing, because on average nobody wins (there's always a winner for every loser).. but I would put my money on Mike Tyson in his prime.
Your expected value for investing across the market, will roughly converge to the market because of diversification. ~20 funds will start to approximate the underlying universe of stocks, because the range of views of the fund will be across all of them. All of the alpha will be evened out into beta.
So after fees - you would be better just investing in an index than a basket of funds. But there is dependence, a good fund is consistently a good fund. So if you get a chance, it's much better to invest in a good fund.
But the best funds aren't accessible to the public, so the public doesn't get to understand the market for what it really is. And there's a lot of shit ones that market heavily to the public.
There is also a populist idea to the notion that indexes beat hedge funds etc, it makes the average person feel good to think the top investors are no better than they are. So why would journalists peddle the true narrative?
Here in Brazil we have it easy. The most boring funds (the ones which track the interbank rate - CDI) easily return around 12% per year (depending on the administration fee; the smaller the administration fee, the higher the return). With the inflation around 6% per year, this gives around 6% returns before tax. If you stay with the fund for at least two years (and it's of the correct kind), the tax rate is 15% over…
You probably know this, but it's always important to keep in mind what causes such high interest rates. A high interest rate is a signal that lenders are wary of lending money to the borrower because of an increased risk of default/inflation. That's fine as long as you are aware of this, but don't think you're getting a "better deal" than someone investing in a boring 1% German government bond. That 12.5% you're gett…
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This book taught me the fundamentals of passive investing ( https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/03933... ) and this website is THE online community for Bogle-style, passive investors ( https://www.bogleheads.org/ ), once you understand the basics.
I read that book this year. The entire book can be summarised as. Don't attempt to beat the market. The market cannot be beat (many examples in the book). Invest in index funds long term which is the right mix of risk/reward for most people. It does have a chart in the back which tracks your age and situation. For example as you approach retirement you should start to liquidate your funds and buy government bonds so…
On average, and when bench-marked against itself taking into account fees. There are funds that consistently beat the market, that you should put money into over the index if given the chance.
But your general notion that the average person shouldn't try is a good one. At the end of the day you have to earn money because you took it from someone else. To think that there is a dollar for everyone is to ignore this simple truth.
https://brandfountain.com I sold a domain I had intended to develop this year to a FB founder for $12,000 and another for $7,500. After researching I found there are few places to buy really good startup domains so I made brandfountain to passively fund my startup(s)!
edit: i'm remembering it as logojoy
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I read that book this year. The entire book can be summarised as. Don't attempt to beat the market. The market cannot be beat (many examples in the book). Invest in index funds long term which is the right mix of risk/reward for most people. It does have a chart in the back which tracks your age and situation. For example as you approach retirement you should start to liquidate your funds and buy government bonds so…
> The market cannot be beat On average, and when bench-marked against itself taking into account fees. There are funds that consistently beat the market, that you should put money into over the index if given the chance. But your general notion that the average person shouldn't try is a good one. At the end of the day you have to earn money because you took it from someone else. To think that there is a dollar for ev…