menu
Favorite team:Notre Dame 
Location:Metairie
Biography:
Interests:
Occupation:
Number of Posts:416
Registered on:3/27/2012
Online Status:Not Online

Recent Posts

Message
re: Inventions / ideas you thought of before they appeared on the market - GoIrish02
[quote] cars don't automatically tell you the speed limits.[/quote] Newer cars' GPS tells you speed limits automatically...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: When will XOM recover? - GoIrish02
[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...
Posted on Money Talk
Jump to Post - View Topic - Replies (0)
re: When will XOM recover? - GoIrish02
[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...
Posted on Money Talk
Jump to Post - View Topic - Replies (0)
re: King Arthur - GoIrish02
They're on colored people time...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: Places that still have $X minimums to use a credit card - GoIrish02
[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...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (3)
re: If you could change careers, where would you go? - GoIrish02
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....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02
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. ...
Posted on Money Talk
Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02
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...
Posted on Money Talk
Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02
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. ...
Posted on Money Talk
Jump to Post - View Topic - Replies (0)
re: Best way to payoff mortgage early? - GoIrish02
[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...
Posted on Money Talk
Jump to Post - View Topic - Replies (1)
re: New Orleans City Park Amusement Park - GoIrish02
Closed till March, as they are every winter, and reopen in Spring. Check their website....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: Best way to payoff mortgage early? - GoIrish02
[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. ...
Posted on Money Talk
Jump to Post - View Topic - Replies (0)
re: Is harrahs New Orleans the worst casino ever? - GoIrish02
[quote]Watch the guys with large soft drink cups in their hands[/quote] What does this mean?...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: Best way to payoff mortgage early? - GoIrish02
[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...
Posted on Money Talk
Jump to Post - View Topic - Replies (1)
re: Best way to payoff mortgage early? - GoIrish02
[quote]Quicker I pay it off the quicker I can use the monthly payments to invest. I'd rather be getting paid interest then paying it. [/quote] You need to learn about the time value of money. Investing the difference instead of paying principal will ALWAYS be the best course of action. Just r...
Posted on Money Talk
Jump to Post - View Topic - Replies (3)
re: How do you help financially ignorant people? - GoIrish02
Are you Michael Scott? You must have a lot of free time after retiring from Dunder Mifflin. Maybe not, he promised a bunch of kids college but forgot to actually pay & invest for it. Joking aside, unfortunately for the kids, this is probably the best solution yet, given what we know about the...
Posted on Money Talk
Jump to Post - View Topic - Replies (0)
re: Top Golf coming to New Orleans? - GoIrish02
Earhart and Broad is walking distance from plenty of war zones and not somewhere a succesful national company would target for a retail business....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (2)
re: The Dutch have a prison problem, too many empty cells - GoIrish02
Maybe the Dutch should start locking up the radical Muslim population that is overrunning their society. Edit: Just saw the same post above. Derp....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: Top Golf coming to New Orleans? - GoIrish02
[quote] getting in and out is kind of a pain. [/quote] That makes it not a good location. Getting to that location was/is a nightmare. Get off at Carrollton and take the poorly marked, nearly immediate Howard subexit, then do a U turn under the overpass. That location is a traffic butterface....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
re: Using a personal loan to consolidate credit card debt - GoIrish02
You've got the right idea, and as long as you've addressed the underlying spending issue that generated the debt, you'll be fine. I'd look for rate options on the personal loan, like a credit union or Lending Club type lender. Credit Karma and Credit Sesame always have deals on personal loans too...
Posted on Money Talk
Jump to Post - View Topic - Replies (0)