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Things that are pissing you off. - Page 3017

post #45241 of 70271
Quote:
Originally Posted by SkinnyGoomba View Post

I dont use them, I'm too young to need them. They're likely composed of some combination of those securities since they usually rely on securities which pay a distribution to offset their need to distribute the principal.

I feel it's a bit ridiculous to pay someone to give me back my own money over a period of time.

A perpetuity would also be composed of similar securities, however it would not distribute the principal.

As I said earlier the assumption for "income" would be for folks not working vs. folks still working. I hope working folks are not taking income from their investments in any meaningful fashion vs. re-investing it.

Annuities have certain attractions both for income and during the growth phase of a portfolio. Once one can no longer use Roths or traditional IRAs, on a tax deductible basis or max out contributions even though they receive no deductions, further investments with tax sheltered growth are attractive. With places like Fidelity selling annuities with no commission (vs. a WM/insurance guy who will get a healthy commission) they become attractive for a diversified portfolio both in the appreciation and pay out phase. Granted returns are low (ish) but a portion of one's retirement income in an annuity sure creates an assured income baseline.

It's been great discussing all this but we should probably get it out of this thread.

To wit: when the bottom of my thighs get sweaty in my office chair!
post #45242 of 70271
WHY IS IT NOT 5:00 YET?
post #45243 of 70271
Quote:
Originally Posted by Piobaire View Post

I have never gone with a WM person as I always have them buy me lunch and lay out all the fees ahead of time. I've yet to have one come in less than 1%.

I agree with your analysis that the most successful folks in your line of work will have all three criteria. I guess I have not met one yet as I also ask them for sample portfolios with five and ten year return analysis, net of charges. Never even come close to beating a simple index fund portfolio. If I could find a guy that could beat the market, on a consistent basis net of fees, I would certainly give what he had to say serious listening.

You'll never find that guy. For 99% of investors, a total stock market index, international index, and bond index properly allocated is the way to go.
post #45244 of 70271
Ok, so in the last year, my dryer, broke, my dishwasher broke, my microwave broke, my AC broke and now my Blue Ray player. Fuck me in the asshole. ffffuuuu.gif
post #45245 of 70271
Quote:
Originally Posted by patrickBOOTH View Post

Ok, so in the last year, my dryer, broke, my dishwasher broke, my microwave broke, my AC broke and now my Blue Ray player. Fuck me in the asshole. ffffuuuu.gif

Who uses blurays?

I thought nobody here was a pleb and that everyone had accepted the superiority of the internet.
post #45246 of 70271
Quote:
Originally Posted by Connemara View Post

You'll never find that guy. For 99% of investors, a total stock market index, international index, and bond index properly allocated is the way to go.
It pisses me off that it took me way too many years and too much opportunity cost to realize this
post #45247 of 70271
and now I'm confronted by my pet peeve. My fixin-to-be-former employer is asking that I document everything I do: daily, weekly, monthly, and yearly. Not that I have anything against documentation, I've already done a lot of this before, in some cases years ago - but here we are again, document everything all over again, with stepwise instructions. I did this already but oops, lost your documentation, or Oh I didn't read it. or, Oh, I don't know how to use Excel, can you step your process through so anyone off the street can do it.

...with screenshots. I recently turned in a 41-page tutorial on publishing the price list.

paraphrased: "I don't want to have to learn anything". I hated this mindset when I was a consultant, and I hate it just as much now.

the other part of this is going through my duties. we've been a ruthlessly cross-functional company forever, always short-staffed, and so there are things I've just handled off-the-cuff. Now I'm supposed to list and document how to change the head on a thermal printer? how to pull a hard drive from a dead computer and send it off to recycling? Come on people.
post #45248 of 70271
I feel that, brah. I hate filling in time sheets.
post #45249 of 70271
Quote:
Originally Posted by otc View Post

Who uses blurays?

I thought nobody here was a pleb and that everyone had accepted the superiority of the internet.

I hate blurays for several reasons, but the quality can't be beat by anything else at the consumer level. Planet Earth in bluray is one of the greatest things I've ever seen.
post #45250 of 70271
that sucks, thomas. how much longer do you have there?
post #45251 of 70271
Quote:
Originally Posted by deadly7 View Post

I hate blurays for several reasons, but the quality can't be beat by anything else at the consumer level. Planet Earth in bluray is one of the greatest things I've ever seen.

I would rent the disk and then download and watch a pirated bluray rip before I would use an actual bluray disc.

But then again, I don't even have a DVD drive in my HTPC anymore.
post #45252 of 70271
The customer service that I received from Cathay Pacific over the last 35+ hrs trying to return home from Bangkok. Truly not what I am used to!
post #45253 of 70271
Quote:
Originally Posted by ter1413 View Post

The customer service that I received from Cathay Pacific that I received over the last 35+ hrs on my return trip from Bangkok. Truly not what I am used to!

even cathay's economy class is awesome. did you sign up for the marco polo club? they have showers in the lounges when you get to silver level.
post #45254 of 70271
Quote:
Originally Posted by otc View Post

Who uses blurays?
I thought nobody here was a pleb and that everyone had accepted the superiority of the internet.

if i had an internet enabled TV, and had a way to legally watch any movie that was released, in blue-ray quality, id get rid of my blue-ray. til then, dvds for me.
post #45255 of 70271
Quote:
Originally Posted by ter1413 View Post

The customer service that I received from Cathay Pacific over the last 35+ hrs trying to return home from Bangkok. Truly not what I am used to!

how was the trip?
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