nugget

59 ms·

541.
by nugget 10y ago
> it is unlikely one will earn returns that significantly outweigh the market in the medium to long term Do you need to beat the market to become rich? What about just earning the market return (SPY, VTI, or similar), over a 30 or 40 ye
542.
by nugget 10y ago
Calling it "a whole world of investments" is a little extreme. Access to almost all asset classes is available for even the smallest of investors. Absent a mysterious Renaissance-like trading algorithm that magically prints out-p
543.
by nugget 10y ago
On Tuesday I spend a hundred bucks and start a Delaware LLC that has no assets and no business plan - what's the company worth? Most would say $0 or close to $0. After breakfast on Wednesday I spend a couple hours on an abstract power
544.
by nugget 10y ago
$15,000 turned into $41 million - a 2,733x return. This is the type of event that fuels the entire venture investing industry for another generation.
545.
by nugget 10y ago
There are debt forgiveness programs like PSLF that I expect to become wildly more popular in the future. We're only ever a Presidential election away from dramatic changes to student loan treatment.
546.
by nugget 10y ago
Many women pay men alimony these days. I know a handful of female MDs whose ex-husbands ''supported'' them through medical school and are now receiving quite generous spousal support. The real problem is a divorce syste
547.
by nugget 10y ago
I think this was a pretty shallow article. The author comes off as somewhat abrasive personality-wise. He's a natural born leader - we are reassured multiple times - but he seems to repeatedly annoy people in his life and can't fi
548.
by nugget 10y ago
Churchill was also a prolific author - the vast majority of his earned income came from books, newspaper articles, and paid speeches. He had terrible financial habits and constantly flirted with personal bankruptcy. Fortunately for all of u
549.
by nugget 10y ago
The employee contribution maximum is limited per person, but the employer contribution maximum is per company (if the companies are unrelated, by ownership structure). Some illustrative answers here: https://www.quora.com/4
550.
by nugget 10y ago
If I were a young software developer solely focused on saving as much money as possible, I would: move to SF in a heartbeat, work for Facebook, Google, or Amazon, pick a mission-critical team that exposed me to systems at massive scale, and
551.
by nugget 10y ago
One solution is to revitalize second- and third-tier urban centers. Places like Nashville (already hot), Tampa, Detroit, and Indianapolis. Perhaps even Lincoln, Nebraska, and Birmingham, Alabama. Not everyone can live in Manhattan itself
552.
by nugget 10y ago
There isn't much room for California to raise income or sales taxes, which means property taxes are next. A popular referendum will modify prop 13 and the State will inch up property taxes little by little, buoyed by one widely-public
553.
by nugget 10y ago
Part of the San Francisco premium seems to be the concentration of M&A dollars from local incumbents who constantly acquire more local talent. I'm an investor in half a dozen startups that would have already been acquired if they
554.
by nugget 10y ago
Perseverance. Determination to succeed, or at least survive, at all costs. I think PG and Sam Altman affectionately call people like this 'cockroaches'. I have many of the positive qualities listed in this thread but a decidedl
555.
by nugget 10y ago
I think your parents may have made a conscious choice to keep cable out of the home for other, non-financial reasons (as did mine). By the mid 1980s only about half of households had basic cable.[1] In Chicago, there were complaints about
556.
by nugget 10y ago
I was raised in similar circumstances and I wouldn't even consider it poor, let alone ''too poor''. $38k in 1985 is around $80k today. Sufficient to cover 4 kids in most rural and inland suburban parts of the US.
557.
by nugget 10y ago
Trusts are able to move as well - so if a state passes unfavorable trust laws, trusts can (and will) re-domicile into friendlier jurisdictions.
558.
by nugget 10y ago
It's become painful to me to listen to most well-intentioned folks debate estate taxes and wealth inequality. So few understand what wahern describes above. The whole debate is a school of red herrings. European tax law is even more
559.
by nugget 10y ago
What all do you take?
560.
by nugget 10y ago
For an annual fee somewhere between $500 and $1500 you can sign up for concierge primary care via a network like MDVip.com. I signed up my mother last year when she encountered some health issues and didn't feel like her primary care
561.
by nugget 10y ago
Microsoft has embraced the start of a great 'bundling' phase as part of the market's often-repeated cycle of 'bundling and unbundling'. Seems like a smart strategy for their current situation. At some point in the f
562.
by nugget 10y ago
Funny you mention that quote. I'm half way through Jefferson Cowie's bestseller about the demise of the American working class starting in the 1970s [ http://fave.co/2j8L5pI ] and the first part of the book recount
563.
by nugget 10y ago
Google runs the largest advertising network in the world. Plenty of malware slips through the cracks every day, both downloadable apps/software/extensions as well as ads that lead to obvious scams. Facebook, Microsoft, Yahoo etc
564.
by nugget 10y ago
Whitelist-only works until it doesn't. All an attacker has to do is compromise one of the whitelisted apps (e.g. a web browser) and they will have infiltrated the device and perhaps the network. Certain institutions can tolerate oper
565.
by nugget 10y ago
Remember when nearly the entire business media predicted that if Trump was elected the stock market would crash immediately? Some of my smartest friends (at hedge funds) placed large bets mid to late 2016 that the market would decline. Now
566.
by nugget 10y ago
It may be that the days of near-absolute public faith, trust and confidence in top shelf journalism brands such as the New York Times and CNN is over. In place of that we should try to teach people how to do their own research and how to t
567.
by nugget 10y ago
What if SF has so much external demand that it doesn't need to generate any internal demand? As in, who cares whether anyone grows up in the city, because the job market is so strong that every available living space will be taken by
568.
by nugget 10y ago
Just to play devil's advocate - as a founder, I've both made money and lost money. Some of my ventures were self-funded to failure and I had to write off hundreds of thousands of dollars. I repeatedly remind my family that my wo
569.
by nugget 10y ago
The Federal Government funds >90% of California's medicaid expansion which is the vast majority of newly-insured people under the ACA. 1 in 3 Californians now receives free health care under Medi-Cal, California's medicaid pro
570.
by nugget 10y ago
Yes, of course it backs out to taxpayer money - and likely money from taxpayers who haven't even been born yet, to the extent that the Federal Government runs a deficit exceeding inflation. If you look at the Federal budget it's c

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