re: Random thoughts from attending my niece's graduation from LSU. - GoIrish02 on 5/15/17 at 4:32 pm
[quote]SUNO that graduates six kids for every 100 that enroll[/quote] FYI, Southern has the lowest graduation rate of any university in the entire country, and continues to employ Bill Jefferson's wife in a do nothing role eligible for a state pension. Whenever they say there is nothing to cut...Jump to Post - View Topic - Replies (0)
re: Any uber or lyft drivers in here? - GoIrish02 on 5/15/17 at 4:20 pm
[quote]if you sold drugs to your passengers you could make a killing [/quote] This is the only profitable idea yet in the thread. No pesky IRS mileage reports or 1099s and it probably pays more than minimum wage....Jump to Post - View Topic - Replies (2)
re: Any uber or lyft drivers in here? - GoIrish02 on 5/15/17 at 4:13 pm
This thread confirms my fear that most people don't understand basic math or fundamental economic concepts (opportunity cost, risk and reward, ROI). The consequences of this societal failure have significant consequences for all of us and will continue to do so in the future. No one thought ...Jump to Post - View Topic - Replies (1)
re: OB Electricians - Lightning strike? - GoIrish02 on 4/5/17 at 12:59 pm
I experienced the same electronic failures, right after lightning struck the house during a storm. My AT&T router and my garage door both failed, i.e. mother boards were fried. The router was the only thing in my AV cabinet not plugged into my surge protector/battery backup and my other equipment...
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re: AT&T data limits on home internet? - GoIrish02 on 3/30/17 at 9:37 am
What is the specific promotion code for the $350 gift card? I'm switching from Uverse to Directv tomorrow and they only mentioned $100 gift card, plus NFL Sunday Ticket. Also, does DirectTV have equipment rental fees?...
Posted on Tech BoardJump to Post - View Topic - Replies (1)
re: Inventions / ideas you thought of before they appeared on the market - GoIrish02 on 2/24/17 at 12:02 pm
[quote] cars don't automatically tell you the speed limits.[/quote] Newer cars' GPS tells you speed limits automatically...Jump to Post - View Topic - Replies (0)
re: When will XOM recover? - GoIrish02 on 2/23/17 at 11:33 am
[quote] I would not be expecting a big bounce back in price until oil starts climbing, and I would expect them not to spend money on buybacks. But they will sell assets and cut costs so when oil does bounce back they will have a strong balance sheet.[/quote] Agreed, any stock price growth will o...Jump to Post - View Topic - Replies (0)
re: When will XOM recover? - GoIrish02 on 2/23/17 at 10:38 am
[quote]They'll probably cut outstanding shares in an effort to boost revenues[/quote] I think you mean Earnings per Share, instead of revenue. Revenue is unaffected by number of shares, but buybacks would increase earnings PER share, as the same revenue is spread over fewer shares. Unfortunate...Jump to Post - View Topic - Replies (0)
re: Places that still have $X minimums to use a credit card - GoIrish02 on 2/15/17 at 2:27 pm
[quote]according to whom? [/quote] All the credit card companies who process the transactions. Standard terms of service for all major credit cards forbid a merchant from charging different prices as a condition of their processing your transaction. Every major credit card company has a websit...Jump to Post - View Topic - Replies (3)
re: If you could change careers, where would you go? - GoIrish02 on 2/14/17 at 9:36 pm
What did you leave behind to become an accountant? How difficult was the transition, specifically in terms of education/skills? What is your accounting specialty now? I'm considering a career change and would appreciate the advice....Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02 on 2/13/17 at 4:04 pm
Equity is 100% illiquid and every dollar of home equity is offset by a reduction in your free cash, so I would contend your balance sheet is unchanged on a net basis and worse off in terms of liquidity. Equity is unrelated to the market value & ownership of the house, the real underlying asset. ...Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02 on 2/13/17 at 2:33 pm
Saving interest will never put new money in your pocket. A mortgage is a debt, not an asset that pays you. Earning interest/dividends/return will put money in your pocket and is only associated with an asset. A return on your money logically has to put money in your pocket that wasn't there befor...Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02 on 2/13/17 at 2:13 pm
This is a more reasonable strategy. I'd make a single additional annual principal payment at year end in the same amount as my monthly payment, which essentially cuts your mortgage in half, and invest the rest. ...Jump to Post - View Topic - Replies (0)
re: Best way to payoff mortgage early? - GoIrish02 on 2/13/17 at 2:05 pm
[quote]. It is a guaranteed return to not pay others interest[/quote] No, it is incorrect to equate interest saved to money earned. All the "saved interest" doesn't return anything until you use it to buy an asset. [quote]what if you lose your job?[/quote] If you lose your job at any point...Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02 on 2/13/17 at 9:48 am
[quote] At the end of the 30yrs the compound interest you make on that extra money far exceeds the 3.875% you are currently paying. [/quote] Another good point on compound vs simple interest. You always borrow at simple interest, and you returns from investing always are compound interest. ...Jump to Post - View Topic - Replies (0)
re: Best way to payoff mortgage early? - GoIrish02 on 2/10/17 at 2:43 pm
[quote]No such thing as always when it comes to finances.[/quote] Well reasoned response to my post and the OP's original question. You're right, my post is only true for the last eighty years or so, where every major asset class has and will return more than the cost of a mortgage, not to men...Jump to Post - View Topic - Replies (1)
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