challenger22

13 ms·

61.
by challenger22 7y ago
U.S. stocks have appreciated at 7% (after inflation), on average, for over 100 years. And even if they don't, the 3.5% withdrawal rate has a 99% success rate if backtested on websites such as firecalc.com. Most of the time, this withdr
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by challenger22 7y ago
Yeah, I think I will become more philanthropic soon, I can feel the limits of my hedonism kicking in, in a weird way. Currently my only philanthropy is volunteering at Habitat for Humanity every once in a blue moon. The crossover point wher
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by challenger22 7y ago
Yep, married now, probably 1 or 2 kids eventually. To add a bit of nuance to my first post, growth assumptions of 6% per year on the portfolio mean that the eventual expense associated with children is probably already baked into the plan,
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by challenger22 7y ago
A question for you folks: when you spend money on goods and services that you know represent conspicuous consumption, and on ones that represent luxury, and provide little practical utility, how does it make you feel? Using a 3.5% safe with
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by challenger22 7y ago
Lack of externality-cancelling taxes is not equal to a subsidy.
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by challenger22 7y ago
https://ianwrightsite.wordpress.com/2018/11/24/hegelian-cont... Both TFA and the linked article referenced by TFA seem to me to be the ramblings of somebody trying really, really, hard to pull a rabbit out of
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by challenger22 7y ago
I would be very frustrated if I explicity had less fun money than my spouse.
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by challenger22 7y ago
It's also a more tax efficient way of distributing returns to shareholders than dividends. GP does not know what he's talking about.
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by challenger22 7y ago
One claim I imagine that no sociologist will ever be able to prove (or disprove)- If we are living in a crisis of confidence about society- one in which people are plagued by pessimism about too many humans causing global warming, secular s
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by challenger22 7y ago
History class in U.S. high schools greatly emphasize the success of nonviolent protest, and it was surprising to me that they actually are twice as effective. I had recently come to the conclusion that this history lesson was mostly an inte
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by challenger22 7y ago
Interesting bit: during a press event recently, Warren Buffett was asked whether increasing climate-related catastrophes would hurt the insurance companies in his portfolio. The answer was, to paraphrase, that they would help the companies
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by challenger22 7y ago
The OP's application is a bit of a shoehorn for a spreadsheet, but do you foresee alternatives to excel beating it at its own game at some point in the future?
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by challenger22 7y ago
https://thesocietypages.org/socimages/2008/02/06/correlation... The scatter plots show a correlations strong enough that they startled me when I saw them. The higher the IQ, the lower the correlation tho
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by challenger22 7y ago
Considering my characterization of my own point earlier, >Being too afraid to generalize the wealthy as competent causes yourself to miss an personal actionable moral lesson about goal-oriented behavior. It is entirely possible to make t
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by challenger22 7y ago
Third world countries have been improving economically at a rapid pace. Look up "the elephant curve" for more info.
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by challenger22 7y ago
A less-good-than-it-would-have-been-30-years-ago life can still be a good life, easily. Would you rather be born in the year 2050 or never exist at all?
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by challenger22 7y ago
They could, but most people are coming out ahead now. That is more relevant. Turns out that when some consumption categories outpace inflation, the people that consume the most of those categories pay more!
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by challenger22 7y ago
I imagine GP was referring to US emissions, considering that his other points were US-centric. You are correct globally. https://ourworldindata.org/grapher/annual-co2-emissions-per-... https://ourworldindata
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by challenger22 7y ago
If you let sensationalized news stories dominate your worldview, you will give in to apathy. If your strongest moral convictions are about events you cannot influence, redirect those convictions to something that is inside your locus of con
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by challenger22 7y ago
Your claims do not disagree with my claims that you are replying to. It's true that if you are poor, any misstep you make is more likely to make for a truly bad outcome.
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by challenger22 7y ago
Competence is the ability to do something (a goal) successfully or efficiently. IQ measures the ability to perform abstract reasoning tasks successfully. Conscientiousness measures the willingness and desire to perform one's duties wel
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by challenger22 7y ago
The "It's hard to take risks if you don't have a safety net" thread that's been active today has plenty of evidence for it ( https://news.ycombinator.com/item?id=19958301 ). My argument is the flip si
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by challenger22 7y ago
When you will still be wealthy regardless of the outcome of any decision you make, you can try more things and take more risks. This fosters as confidence. If you are competent in your risk-taking, it shows up. If you are not, it manifests
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by challenger22 7y ago
Poverty is not a unique property of capitalism.
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by challenger22 7y ago
>The dynamic basically foists the burden of making men feel comfortable on to women To be fair, it puts an increased burden on both parties. Any situation in which people cannot even socialize comfortably is not ideal for productive work
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by challenger22 7y ago
There is plenty of evidence that wealthy people are better citizens. They commit less crime, are more economically productive, and consume more goods and services from other people, thereby boosting the economy. A nation that only accepts w
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by challenger22 7y ago
I often wonder how much the difficulty of chewing a food effects how healthy its consumers are. Processed foods are "pre-chewed" and easy to eat very quickly.
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by challenger22 7y ago
The gotton gin processed picked cotton, necessitating more pickers. This machine picks tomatoes, reducing needs for pickers. After picking, all remaining processing for tomatoes is highly automated/ bulk operations (trucking, washing,
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by challenger22 7y ago
See ebay listings for how you can buy R-12 by stating you are a reseller: https://www.ebay.com/itm/R12-Refrigerant-12-Virgin-Pure-R-12... >An EPA certificate is required to purchase R12 Refrigerant "OR" a
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by challenger22 7y ago
pretty damn kafka-esque.

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