GoIrish02

Played college soccer at Notre Dame, became an accountant after graduation. His wife was watching UFL games and asked him if he thought he could kick a football. He tried out for the UFL, and made the team, after working out at a park, then later signed with Cowboys.

quote:

---

Their version is not Christianity.

---

Yes, Mormons don't believe Jesus is the Son of God & Messiah. Their "baptism" isn't recognized by any Christian denomination.

Mormons believe every man can become a peer savior to Jesus if he recruits enough followers. The whole religion is a multi-level marketing program (e.g. 23 & Me, posthumous baptism)

quote:

---

What happens if the market corrects, by say, 40%?

---

Market efficiency (as defined Fama, Nobel Prize winner) means your advisor (or anyone else) doesn't have access to a vehicle that will avoid the 40% loss (presuming you mean equity market in your question above).

If anything, an advisor would make one's loss GREATER than 40% in your scenario, as his fees are an additional drag on performance. If your advisor tells you to embrace emotions in investing, that's a bad advisor. Investing isn't emotional and a major swing shouldn't affect your long term plans.

The most important things in investing success are defining your asset allocation for your age & risk tolerance AND staying invested throughout the normal ups and downs (time in the market). A 40% drop would be a buying or rebalancing opportunity, certainly not a time to jump off the roller coaster. As long as you stay invested in equity for any 10-year period over the last 60 years, you're always ahead.

If you cannot figure out asset allocation with the resources in this thread, that's the only value an advisor brings, but that's a flat fee engagement. Only suckers pay a percentage these days.

Owning (and buying more) index funds through 2007- 2009 and 2020 - 2025 would have made you pretty darn rich, at far less risk than avoiding equities altogether or trying to time the market and selling at the bottom. Taking less equity risk would be an emotional response that makes you much poorer long term.

Edit: Active management doesn't/cannot beat the index over the last ~100 years because of market efficiency, anyone telling you otherwise is a huckster.

That Acura Integra (aka Honda Civic) is still around after 25 years and works just as good as it did in the photo, a German car won't last beyond 50,000 miles.

I still miss my Integra with a manual transmission and I long for a simple car that is fun to drive without all the unnecessary complexity of a modern car. German cars are the worst for totally unnecessary complexity, plus they're worthless in ~3 years.

That Integra is worth $1,000+ and it will get you to work every day, with or without air conditioning on the way.

quote:

---

Rattler may still be good

---

Maybe he'll score a point in the second half next year, because he lead ZERO scoring drives in the second half of any game last year.

Rattler is not good, if you can't see it, you're blind.

The bill doesn't define what "excessive" means, so it's useless even if it were to pass.

The governor is hyping this up because he wants to distract from why rates are actually high (e.g. the trial lawyers to whom he promised to deny tort reform in exchange for their support during the election.)

Louisiana's biggest problem in the insurance market is not letting the free market rule. Insurers don't need Louisiana to exist, but Louisiana needs insurers to survive.

quote:

---

Just include this in your pricing, and no one would ever know

---

Airlines pay a 7.5% federal excise tax on ticket revenue only; fees for stuff that aren't ticket fare aren't subject to the tax, like change fees, "service animal" fees, baggage fees, seat selection fees, etc. The tax code incentivizes the endless fees.

Givemethevin.com

The hijackers' names were on their tickets when they bought them and many used US issued identification (Virginia & Tennessee driver's licenses) to board the planes. It's not like their identities became known because of some partially recovered passport fragments.

That's the fallacy of post-9/11 security, as all the terrorists bought tickets and nothing TSA does today would prevent a similar attack. There is nothing today that prevents a foreigner with a student visa from boarding a flight today.

There is a lot that we don't know and the government is concealing from us (Saudi Arabia's involvement, sovereign wealth funds shorting airline stocks, etc.) but to say all those terrorists didn't exist and crash the planes isn't debatable.

ND has (3) QBs who were top 100 players in their respective senior years in the wings. I wished they kept Angeli in last night, and the youngest guy will likely start next year (CJ Carr).