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re: Random Money/Business/Finance Thoughts Thread

Posted on 10/29/11 at 1:03 pm to
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26718 posts
Posted on 10/29/11 at 1:03 pm to
quote:

I work around 90 hours a week during the school year between coaching and teaching.


My God. If only he could understand what an actual 15 hour workday feels like.
Posted by lynxcat
Member since Jan 2008
25023 posts
Posted on 10/29/11 at 2:57 pm to
1. I dont believe he works 90 hours a week.

2. I don't consider all of his time spent as "work"
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8178 posts
Posted on 10/29/11 at 10:06 pm to
All the time I spend at the office isn't work either but still sucks just as much being here 120 hours a week
Posted by lynxcat
Member since Jan 2008
25023 posts
Posted on 10/30/11 at 5:34 pm to
quote:

All the time I spend at the office isn't work either but still sucks just as much being here 120 hours a week


I understand what you are saying -- I was more referring to the teacher's time he spends as a coach not being true "work" time.

He does that because he enjoys it -- not for financial purposes. If he voluntarily chooses to 'work' those extra hours, then I don't feel any sympathy for him.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5814 posts
Posted on 10/31/11 at 8:59 pm to
We broke 1260 today, big, big, support level.

Bonds have been predicting the last hour of equity trading most days the last couple weeks.

MF had five times the companies' equity base in peripheral European exposure, and their recent issue is trading $40 cheaper than last week.

Halloween is awesome.

This post was edited on 10/31/11 at 9:00 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/3/11 at 11:08 pm to
Google blew up Google Reader in the shittiest re-design ever and I am fricking fuming.
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 11/4/11 at 2:05 pm to
I know this question has probably been asked before, but can any of you CFA afficionados give me price estimates of Level I? I looked at the book prices from Schweser and they're fairly steep, but i'm more curious as to the overall price involved in the registration, CFA Institution book costs, sitting for the exam, and other costs i may be overlooking...TIA
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/4/11 at 2:12 pm to
The books are included in the registration costs, its $1125 on the website. Don't know how much the study aids are, have not used either yet.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 11/4/11 at 4:17 pm to
The CFA institute offers some scholarships for students, I got one for my level 1.

Email me if you want directions to cheap test prep material.

my user name at gmail.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/4/11 at 5:51 pm to
Driving to nola for the first time since starting full-time, decided this morning. Wanted to leave at 530 (most people leave around 630 on Fridays). At 515, a VP and the HR lady walk into bullpen and start chatting with the everyone, telling funny stories about old employees, specifically about old employees who got fired. No one has done any work in here since they came in. Normally would not give a shite, but I'm trying to get there at a reasonable time. Now they're really just talking to each other. fricking trapped.
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8178 posts
Posted on 11/4/11 at 6:09 pm to
you're about to get staffed and have your weekend ruined. Book it.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 11/5/11 at 11:20 am to
Update?
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26718 posts
Posted on 11/5/11 at 11:48 am to
kfizzle said frick it, stormed out the office, and drove straight to Tuscaloosa.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 11/5/11 at 12:13 pm to
Nice. Would expect nothing less, given his ROL returns.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26718 posts
Posted on 11/5/11 at 12:15 pm to
Redstick, what do you think about this income fund?

This is for a Roth, where I'm just looking for income (want to eliminate downside risk). My 401k has all the equity exposure. Seems very well-managed and consistent.

LINK
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 11/5/11 at 12:25 pm to
I'm doing the opposite. Income in my 401k, growth in my Roth. But that's mainly because my 401k options are severely limited and I don't want to allocate all of my growth positions to such an inaccessible investment vehicle. I expect growth positions to require more trading.

That fund looks pretty good for capturing large-cap value exposure. And that chart doesn't look like it's accounting for the reinvestment of dividends. That's where you really come out ahead with income funds, IMO.

I've never really been a big believer in turning to funds for growth with few exceptions. But I'm not nearly as educated on funds as tirebiter or foshizzle. Perhaps they can chip in with more advice.
This post was edited on 11/5/11 at 12:26 pm
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26718 posts
Posted on 11/5/11 at 12:29 pm to
quote:

That fund looks pretty good for capturing large-cap value exposure. And that chart doesn't look like it's accounting for the reinvestment of dividends. That's where you really come out ahead with income funds, IMO.


Yeah the chart is just the price of the fund. Doesn't include dividends.
This post was edited on 11/5/11 at 12:34 pm
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 11/5/11 at 4:44 pm to
Sent
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/7/11 at 10:46 am to
Freddie Again Draws U.S. Assistance LINK ][LINK]
A.I.G. Posts Wider Loss (4.1B) LINK ][LINK]
AIG Is Resuming Securities Loans LINK ][LINK]
Royal Bank of Scotland’s Profit Falls 63% LINK ][LINK]
Posted by lynxcat
Member since Jan 2008
25023 posts
Posted on 11/7/11 at 7:41 pm to
Interested to see what score I get on REG -- some odd material was tested and I expect I will need to take it again in January. I am very optimistic the next time I take the exam though.

Taking BEC in 2 1/2 weeks. I took two practice exams without even looking at any of the material and I averaged between a 55-60. I was pretty happy with that since I took it completely cold turkey. I have never learned COSO or IT/Systems information so I missed almost all of those questions. Economics, strategy, and most finance were cake though. Cost accounting needs a bit of a refresher (it has been 4 years since I took it), but I probably got 1/2 right on those.
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