Harry Browne’s Rules of Financial Safety (1999) • Hacker News Board

Re: Harry Browne’s Rules of Financial Safety (1999)

#241

Post by robbintt » Wed, Sep 06, 2023, 5:59 AM UTC

matsemann wrote: post #151

ajross wrote: post #128

Earlier quoted context omitted.

The point is that with public securities, the SEC makes sure that it's not a scam. A public company can't just decide one day to issue a ton of stock and hand it over to an arbitrary entity, there's a regulatory process and legislated veto power held by the shareholders/board. When you buy an unregulated security (like shares in a "crowdfunded" startup), that's the protection you're not getting. Most people in this c…

Hmm, where I live at least (not US) the company still have to act in a way that's in the interest of its owners. They can't do shady stuff just because they're not publicly traded. Or, they can, but it's not any more legal.

You can sue in the US but there's really no case for OP. The company is "trying its best to deliver value".

Re: Harry Browne’s Rules of Financial Safety (1999)

#242

Post by robbintt » Wed, Sep 06, 2023, 6:33 AM UTC

pjfin123 wrote: post #97

> Rule 1: Your career provides your wealth > Build your wealth upon your career.You most likely will make far more money from your business or profession than from your investments. Only very rarely does someone make a large fortune from investments. This is good advice. If you're getting 2% dividend payments from stocks you need 5 million dollars to make 100k $/yr.

The general thinking about this is to use a "safe withdrawal rate" of 3% to 4% of assets per year. Dividends are out of fashion since they don't offer tax deferral, they also aren't really easy to properly diversify although dividend funds are offered.

Re: Harry Browne’s Rules of Financial Safety (1999)

#243

Post by robbintt » Wed, Sep 06, 2023, 6:38 AM UTC

jonhohle wrote: post #59

tqi wrote: post #25

> GOLD not only does well during times of intense inflation, it does very well. In the 1970s, gold rose twenty times over as the inflation rate soared to its peak of 15% in 1980 Is this still true? As a layperson looking at the chart, it seems like gold has moved up and down a lot, but is more or less in the same place as it was 2 years ago.

Many people believe the price of gold is being artificially suppressed or is artificially lagging since it is not behaving the way it typically does. If it can no longer be kept low, it will probably move quickly to a true market price. Is that true? JP Morgan and Deutche Bank have been caught manipulating the price, but it would probably need to be the Fed to keep it suppressed for as long as it has been. They certa…

I went to a tech presentation by Barrick and got the impression that gold price is set by their fixed costs and operation costs. If the price goes up they turn up their operations. I am sure this isn't a controlling factor as demand could outstrip their operation size. But it does set a soft ceiling when demand is low, and it is.

Re: Harry Browne’s Rules of Financial Safety (1999)

#244

Post by robbintt » Wed, Sep 06, 2023, 6:42 AM UTC

sakopov wrote: post #192

> You’re speculating when: You select individual stocks, mutual funds, or stock market sectors you believe will do better than the market as a whole. So no individual stocks and funds - got it. What am I supposed to buy to be an investor? A financial advisor?

Whole market funds, but preferably multi market funds. Basically VT. But you can foray into VFIAX.

Re: Harry Browne’s Rules of Financial Safety (1999)

#245

Post by robbintt » Wed, Sep 06, 2023, 6:44 AM UTC

jonhohle wrote: post #111

jboy55 wrote: post #69

Earlier quoted context omitted.

I remember in around 1998 I just started my career and one of my duties of my job was to go around to our alpha testers of a photography product we built and make sure things were going well. These customers were often pretty angry at my company due to them not being told it was an alpha version, but most often they were happy to see me try to help them out. Anyhow, at one of those customers, the designers, photoshop…

Hopefully he doesn’t follow Jobs’ medical strategy.

This is cruel, but fair.