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Comment has never lost = not gambling (Score 1) 459

I guess you missed the part "over any 20 year period". Since the Dow was first calculated in the 1800s, noone has ever held it for 20 years and lost money.
It's never happened. Same with the NASDAQ composite. Nobody has ever put their retirement or college money in a major index for 20 and not made just about as much as they'd expect.

The same can be said of any 10 year period, except the period 2000 - 2010 and if you pick specific dates at the great depression.

I suppose there COULD be a losing 20-year period, even though it's never happened before. Eating a banana could kill you by choking too. You wouldn't call eating a banana "gambling". Bananas HAVE killed people, "buy diversity and hold for 20 years" has never lost for anyone, making it safer than bananas.

Sure you CAN gamble with the stock market, just as you can gamble with a Coke bottle, but you need not. Buy broad and hold long term works every single time.
Kind of boring, yes, a boring way to get rich slow.

Comment hope you love it, 'cause that's all wrong (Score 1) 459

FYI my dad WAS one of those veterans. Not a "former vet" as you said - there's nothing former about being a Vietnam vet.

> You didn't have as much as the other people in school did because of your toilet-scrubbing father, and you felt ashamed because of it. So you vowed you'd to anything you could to "make it". You've got a big chip on your shoulder.

You mean when I was seven, flying around on the corporate jet?!?!? You're far too busy arguing your preconceived notions based on political idealogy to read anything I'm writing, aren't you? Obama doesn't care about your well being. He and Jon Stewart feed you whatever line serves their interests. Here we're talking about you're real life. Stop parroting Stewart long enough to read what I'm saying.

You truth is, we all get some good hands and some bad hands. We get thousands of cards in our life, and make thousands of decisions. I got birth defects requiring dozens of surgeries, a 100% rate of alcoholism in the family, and an extremely high IQ. Those I was dealt and a thousand more, good and bad. During the years I make good decisions, I prosper and have much to give. During the years I do dumb things, short sighted, lazy and selfish things, I do not prosper.

Invite a professional poker player over. You might win the first pot; one pot just depends on the cards. Play against a pro for six hours and they'll take all your chips. Why? Because they make their good cards count and don't use the bad ones as excuses.

Comment WAY back woods, no toothbrushes (Score 1) 459

He grew up WAY back woods, as in he'd never heard of a toothbrush until he was seven years old and the floor of his parents house was dirt.

He got out of there by taking the bus. He went to Austin, where he worked as a janitor. Ghetto? Maybe. He worked overtime and moved. He kept working overtime and moving. When I was seven years old, we had Easter at the country club.

It woils be another 25 years before I understood HOW he ended up at the country club, with me doing a lot of short-sighted, dumb, and lazy stuff to make myself poor. Sometimes bringing in good money for short periods, but still doing poor things. For example, at 25 I didn't have a high school diploma. I sold a business for $100K and DIDN'T use the money to go to school, so four years later I was poor again, evicted from my rented house. My dad didn't do dumb like that, he did whatever was necessary to get an education.

Comment the true role of luck (Score 1) 459

Yes, my dad was in the right place at the right time .

If you've survived to adulthood, you proably realize that you jump off enough buildings, you'lo eventually get seriously hurt. It might happen on the first building, it might happen on the tenth. That's luck.

Everyday we decide whether to hit the snooze button or get up and get going, whether to iron our shirt or wear something with a few wrinkles. We choose to leave for work 10 minutes early or five minutes late. Thousands and thousands of good choices over the years created thousands and thousands of opportunities for luck to shine. I have made thousands of decisions, like not brushing my teeth some nights, that made it much harder to get lucky.

My dad was in the right place at the right time because he made a habit of being in the right place all the time, all day every day until the right time came.

When you work really hard both on today's work AND on becoming better prepared for five years from now, such as education, some people are going to want to hire you. Whether my dad got promoted on Monday or on Friday was luck, but he did promotion worthy things everyday. It was luck whether he got hired by company A or company B. He treated the people in both companies extremely well, so SOMEONE was going to want him working with them. That's luck - do you get hurt jumping off this building or that one, does the inevitable happen today or tomorrow.

Dyson came up with just the right vacuum design. After building and testing over a THOUSAND prototypes, he got it right and now he's rich. That tends to happen when you keep trying over a thousand times - eventually you hit it. Some call that luck. Dyson calls it hard fucking work. Since Dyson's way of thinking about it WORKS, I think I'll listen to him.

Comment wouldn't you love to be wrong (Score 2) 459

my dad worked overtime scrubbing toilets while going to college. that shows his dedication to hard work and learning. he was the kind of guy you want on your team. Most Americans would choose unemployment before they would scrub toilets. About 15% of Americans don't work. They "can't" find a job, or "can't" work because they are "disabled", though they can still build themselves a new deck. So they sour around complaining that they're not lucky. Guess how often my dad the janitor couldn't find a job, no job at all?

You have a very hard choice to make. So long as your life is the result of luck, or of what the illuminati decide or whatever, you have an excuse, but you're SCREWED. You can't change THEM. The moment you decide that your life is of your own making, you can have any life you want, but you're accepting your responsibility to.

I prefer a solution rather than an excuse .

Comment because 8.5% - inflation - conservative estimate (Score 2) 459

Over the last 80 years or so, and over any 20 year period, the market has averaged about 8.5%. That's what you'd expect from a boring old index mutual fund. Subtract inflation and that leaves about 4%. Though it'll be close to 4% / year for any 20 year period, the period that matters to you may be a particularly bad one, so figure 3% to be on the safe side. (Or equaliventally use a hedge or other guarantee to lock in 3%).

Comment Re:FTFY (Score 0, Troll) 459

> working at a minimum wage job

I've noticed gas stations start new people at almost double minimum wage. I made minimum wage - for about two months. Then I got raise because I reliably showed up for my shift - I was stoned out of my mind, but I was there. If you're over 16 1/2 and making minimum wage, start showing up on time. Flipping burgers is like a training bra to get prepared for an actual job, it's not a career for raising a family.

> 1/8th of their income

Do you not see that 1/8th of your income on soda is an INCREDIBLY stupid idea? Yet, I just spoke to someone who makes those kinds of decisions regularly. She literally buys several fountain drinks per day and she's on welfare. My ex-wife will always be broke because those are the decisions she makes.

Comment 5 years and compound interest = college (Score 0) 459

You calculated five years of soda = 1 year of college.
My baby will be born soon. If I drop the soda money into a Roth for five years, that's one year of tuition. I then stop saving. In seven years, the investment doubles. In another seven, it doubles again. So that's four years of tuition when my kid is 19, because I skipped soda (or bought generic 2L bottles) for five years.

My dad grew up dirt poor, as in the floor of his parents. By making decisions like the soda decision, he ended up flying us on private jets when he was 40. Leaving his house, I did poor people stuff until I was living under a tarp behind the supermarket. Then I started doing rich people stuff. I'm now richer than 99.8% of people, having a comfortable home and a five figure income. (Yes, five figures is rich. Anything over $32K puts you on the top 1%).

Submission + - US mounted 231 offensive cyber-operations in 2011 and runs worldwide botnet 1

An anonymous reader writes: U.S. intelligence services carried out 231 offensive cyber-operations in 2011 according to a classified intelligence budget provided by NSA leaker Edward Snowden. Additionally, under an extensive effort code-named GENIE, U.S. computer specialists break into foreign networks so that they can be put under surreptitious U.S. control. Budget documents say the $652 million project has placed “covert implants,” sophisticated malware in computers, routers and firewalls on tens of thousands of machines every year, with plans to expand those numbers into the millions. The "implants" are intended to persist through software and equipment upgrades, to copy stored data, “harvest” communications and tunnel into other connected networks.

Comment Re:But neverletheless... (Score 3) 340

What I take from all of this?

Everyone learns differently. You recommend one thing, the author another, and I learned another. I'm not sure that the iPad is the right choice but I would agree that a tablet, seeing as it has greater potential, is probably a better choice of aids for the students than any of the methods we've become attached to. Why? The tablet can emulate all of those things in one form or another and if they can't then they can have custom software that does if it is needed.

I guess, really, that what I'm saying is that the tablet offers all those choices (even an abacus I suppose) but doesn't lock anyone into a specific method, device, or thought process by default. It will, ideally, allow students to learn how they're best suited to learn.

Comment Re:What good is tor (Score 3, Informative) 374

Good question - what good is Tor?

Well, one interesting thing we learned lately is that some element of what can only be US law enforcement felt the need to exploit a Firefox bug in order to deanonymize some Tor users. Given that we know (thanks to Reuters) that the NSA works with other LE agencies, it therefore stands to reason that they are at this time NOT capable of entirely deanonymizing Tor via network traffic analysis, either because they don't have a global view of traffic, or their tools aren't capable of it, or the problem is a lot harder than it sounds (it's all encrypted so you have to rely on correlation attacks).

So for now at least it's the best that is available.

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