All Discussions Tagged 'money' - TBD2024-03-28T14:18:00Zhttp://teebeedee.ning.com/forum/topic/listForTag?tag=money&feed=yes&xn_auth=noNEWS!tag:teebeedee.ning.com,2012-04-07:1991841:Topic:13657562012-04-07T10:51:47.446ZCWO3ROBBIEhttp://teebeedee.ning.com/profile/CWO3ROBBIE
<p>Here is an article that was in one of the investment letters that I sometimes read. It makes a lot of sense.</p>
<p>Do you agree or dissagree?</p>
<p>Do you suffer from information overload? I know that I sometimes do.</p>
<div style="color: gray; font-family: verdana,sans-serif; font-size: 11px; font-weight: bold; margin-bottom: 1em;">By Nick Hodge | Friday, April 6th, 2012…</div>
<div style="font-family: verdana,arial,sans-serif; font-size: 15px;"><img alt="Nick Hodge" border="0" src="http://images.wealthdaily.com/nick-hodge_75.png" style="margin-right: 10px; margin-left: 10px; float: left;"></img></div>
<p>Here is an article that was in one of the investment letters that I sometimes read. It makes a lot of sense.</p>
<p>Do you agree or dissagree?</p>
<p>Do you suffer from information overload? I know that I sometimes do.</p>
<div style="color: gray; font-family: verdana,sans-serif; font-size: 11px; font-weight: bold; margin-bottom: 1em;">By Nick Hodge | Friday, April 6th, 2012</div>
<div style="font-family: verdana,arial,sans-serif; font-size: 15px;"><img style="margin-right: 10px; margin-left: 10px; float: left;" border="0" alt="Nick Hodge" src="http://images.wealthdaily.com/nick-hodge_75.png"/><p style="margin-bottom: 1em;">There <em>is</em> such a thing as information overload.</p>
<p style="margin-bottom: 1em;">And in this high-speed digital age, I think we're all affected by it in some way.</p>
<p style="margin-bottom: 1em;">On more than a few occasions lately, I've heard this sentiment echoed in various ways...</p>
<p style="margin-bottom: 1em;">The first came from an essay simply titled “Avoid News” by Rolf Dobelli, a Swiss novelist and entrepreneur who also has a show on Bloomberg in Germany.</p>
<p style="margin-bottom: 1em;">His take is that “news is to the mind what sugar is to the body.”</p>
<p style="margin-bottom: 1em;">By trying to consume so many fleeting headlines we get distracted, stifle critical thinking, and fill ourselves with anxiety and despair.</p>
<p style="margin-bottom: 1em;"><em>Oakland shooting. Treyvon Martin. Tornadoes. Syria. Iran. Obamacare. Primaries. Debates. GDP. Unemployment. And on. And on. And on.</em></p>
<p style="margin-bottom: 1em;">News today is meant to generate a click on a website — not to inform you of the nuances of the situations, dive into the backstories, or deliver hard-hitting follow-ups.</p>
<p style="margin-bottom: 1em;">And in most cases, none of the “news” has a direct impact on your life, your decision-making, or your bottom line.</p>
<p style="margin-bottom: 1em;">I'd submit it's not even news; it's hyped-up sideshow stuff needed to fill the space created by a 24-hour news cycle and pay-per-click advertising.</p>
<p style="margin-bottom: 1em;"><em>Pope Visits Communist Cuba.</em></p>
<p style="margin-bottom: 1em;">That doesn't impact my existence — and frankly, I don't care.</p>
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<hr size="1"/><strong>Missing Something</strong><p style="margin-bottom: 1em;">Don't worry about missing something, Dobelli says.</p>
<p style="margin-bottom: 1em;">If something truly noteworthy happens, you'll hear about it.</p>
<p style="margin-bottom: 1em;">But most of the time, there isn't anything to miss.</p>
<p style="margin-bottom: 1em;">The important stuff is the causation, the way different stories are related, and the way events touch our lives independently.</p>
<p style="margin-bottom: 1em;">And you aren't getting that from a staff writer at the <em>Associated Press</em> or from the middle-aged women wearing too much makeup who warn you about the one thing in your pantry that could kill you, but won't tell you more until you tune it at 11 to watch the advertisements.</p>
<p style="margin-bottom: 1em;">What's worse, instead of just reporting, they try to rationalize and justify...</p>
<p style="margin-bottom: 1em;"><em>Oil Down on Inventories. Oil Up on Jobless Claims. Oil Flat on Retail Sales.</em></p>
<p style="margin-bottom: 1em;">Give me a break. If they knew why oil was up or down, they wouldn't be writing news stories for $40k a year. They have an undergrad degree in journalism, not quite the market intuition of a billionaire fund manager.</p>
<p style="margin-bottom: 1em;">As Dobelli says, “Any journalist who writes, 'The market moved because of X' or 'The company went bankrupt because of Y' is an idiot.”</p>
<p style="margin-bottom: 1em;">He recommends abandoning newspapers, the evening news, news websites, and news apps, and instead reading long-form essays, editorials, and books.</p>
<p style="margin-bottom: 1em;">The purpose of “news” in the modern era is to sound urgent and important. Most of it is not.</p>
<p style="margin-bottom: 1em;"><strong>Evidence</strong></p>
<p style="margin-bottom: 1em;">Cook County Hospital in Chicago is the basis for the hit TV show <em>ER.</em></p>
<p style="margin-bottom: 1em;">In the late 1990s, it started changing the way it diagnosed heart attacks...</p>
<p style="margin-bottom: 1em;">Instead of considering all factors — age, medical history, smoking, exercise, etc. — and then allowing the doctor to make a diagnosis, the hospital decided to look at <span style="text-decoration: underline;">only four factors</span>: the ECG, presence of angina, fluid in lungs, and blood pressure.</p>
<p style="margin-bottom: 1em;">It didn't matter if the patient was a 60-year-old pack-a-day smoker or a 25-year-old long-distance runner.</p>
<p style="margin-bottom: 1em;">Then the hospital did a two-year test. Part of the time doctors tried to diagnose heart attacks on their own using all available information; part of the time they would look only at the four factors I described above.</p>
<p style="margin-bottom: 1em;">You can probably guess who won by the point of this article...</p>
<p style="margin-bottom: 1em;">Doctors got it right between 79% and 89% of the time.</p>
<p style="margin-bottom: 1em;"><em>The four factors got it right more than 95% of the time.</em></p>
<p style="margin-bottom: 1em;">Here's Malcolm Gladwell, who wrote about this event in his book <em>Blink</em>:</p>
<p style="padding-left: 30px; margin-bottom: 1em;">Why is the Cook County experiment so important? Because we take it, as a given, that the more information decision makers have, the better off they are. If the specialist we are seeing says she needs to do more tests or examine us in more detail, few of us think that's a bad idea... All that extra information isn't actually an advantage at all... in fact, you need to know very little to find the underlying signature of a complex phenomenon. That extra information is more than useless. It's harmful. It confuses the issues.</p>
<p style="padding-left: 30px; margin-bottom: 1em;">What screws up doctors when they are trying to predict heart attacks is that they take <em>too much</em> information into account.</p>
<p style="margin-bottom: 1em;">It isn't intuitive, but it's correct.</p>
<p style="margin-bottom: 1em;">Imagine how hard it was to convince the country's doctors that <span style="text-decoration: underline;">three questions</span> could diagnose a heart attack better than their years of education, training, and full information on the patient.</p>
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<hr size="1"/>But guess what?<p style="margin-bottom: 1em;">Cook County is now one of the preeminent hospitals in the country for diagnosing chest pain.</p>
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<p style="margin-bottom: 1em;"><strong>Tune It Out</strong></p>
<p style="margin-bottom: 1em;">I've urged you many times to 'tune out the noise.'</p>
<p style="margin-bottom: 1em;">From <em>Toddlers and Tiaras</em> to the daily infights of our Congress, much of the stuff that overloads our senses is impertinent.</p>
<p style="margin-bottom: 1em;">I spent the past few days fishing in the Keys. I hardly read any news, financial or otherwise...</p>
<p style="margin-bottom: 1em;">And I felt more in tune than I had in months.</p>
<p style="margin-bottom: 1em;">So take a break. Tune it out. And try to hone in on what really matters — and has bearing on <em>your</em>life.</p>
<p style="margin-bottom: 0in;">Call it like you see it,</p>
<p style="margin-bottom: 0in;"><img border="0" alt="Nick Hodge Signature" src="https://images.angelpub.com/2011/25/9071/nick-hodge-signature.gif"/></p>
<p>Nick Hodge</p>
<p><a href="http://email.angelnexus.com/ct/8347134%3a11656271646%3am%3a1%3a300393573%3a73C78AE300A53719C5706925912D2D3E%3ar" target="_blank"><img style="vertical-align: middle;" border="0" alt="follow basic" src="https://images.angelpub.com/2011/50/11971/follow-basic.jpg"/>@nickchodge on Twitter</a></p>
<p><em><span style="color: #333333;">Nick is an editor of <a href="http://email.angelnexus.com/ct/8347135%3a11656271646%3am%3a1%3a300393573%3a73C78AE300A53719C5706925912D2D3E%3ar" target="_blank">Energy & Capital</a> and the Investment Director of the thousands-strong stock advisory,</span></em> <em>Early Advantage</em><em><span style="color: #333333;">. Co-author of the best-selling book <a href="http://email.angelnexus.com/ct/8347136%3a11656271646%3am%3a1%3a300393573%3a73C78AE300A53719C5706925912D2D3E%3ar" target="_blank"><span style="text-decoration: underline;">Investing in Renewable Energy: Making Money on Green Chip Stocks</span></a>, his insights have been shared on news programs and in magazines and newspapers around the world.</span> <span style="color: #333333;">For more on Nick, take a look at his editor's <a href="http://email.angelnexus.com/ct/8347137%3a11656271646%3am%3a1%3a300393573%3a73C78AE300A53719C5706925912D2D3E%3ar" target="_blank">page</a>.</span></em></p>
</div>
<p> </p> Do You Have Enough Time?tag:teebeedee.ning.com,2011-08-14:1991841:Topic:12602952011-08-14T13:48:28.128ZCWO3ROBBIEhttp://teebeedee.ning.com/profile/CWO3ROBBIE
<p>I remember when I spent a lot of time in the land of boredom. But barely! That was 50 years ago. What happend?</p>
<p>I haven't been bored in ages.</p>
<p>So much to do so little time.</p>
<p>I'm retired. I spend all my time sitting on the bench in the park down by the County Courthouse. Right?</p>
<p>I don't think they even put out benches anymore. What happened? why aren't I sitting around grousing about the young people, and the country going to hell in a hand basket?</p>
<p>Well, I do…</p>
<p>I remember when I spent a lot of time in the land of boredom. But barely! That was 50 years ago. What happend?</p>
<p>I haven't been bored in ages.</p>
<p>So much to do so little time.</p>
<p>I'm retired. I spend all my time sitting on the bench in the park down by the County Courthouse. Right?</p>
<p>I don't think they even put out benches anymore. What happened? why aren't I sitting around grousing about the young people, and the country going to hell in a hand basket?</p>
<p>Well, I do that sometimes. But only when I go to the "We the People" thread.</p>
<p>I do have a part time position to provide me a free RV site. But that is only 20 hours a week.</p>
<p>I keep thinking that maybe I should find a girl friend to travel with me and then I would only have to work 10 hours a week. she could fill in the other ten hours. (:>)</p>
<p>I went to a Borders Book Store "going Out of Business" sale yesterday. Bought a bunch more books.</p>
<p>Here are the things I need to do. Learn to use Facebook. Learn to use more apps on my Blackberry. Study the Stockmarket. Relearn Microsoft Office Word. Brush up on Microsoft Excel. Eat Breakfast. Walk Happy(the dog). Not, walk happy. I'm usually happy when walking Happy.</p>
<p>Check e-mail. Check my bank accounts. Download and learn to use Skype. so I can talk with my son In Afghanistan. Clean up and go to church. It's Sunday. Get prepared to work the first day of my three day workweek tomorrow. Climb on top of the RV and wash the roof. Do laundry. Straighten and clean the RV. Read a book of lectures by George Soros. Read a couple Sci Fi books that I bought yesterday. Read a 422 page memoir by Christoper Hitchens, That I bought yesterday. Plan my travels for the next few months. Exercise.</p>
<p>Whee! I'm tired. Think I'll take a nap.</p>
<p>What does your schedule look like? </p> Who Do You Trust???tag:teebeedee.ning.com,2011-01-30:1991841:Topic:11069302011-01-30T18:32:30.156ZBob Stepphttp://teebeedee.ning.com/profile/BobStepp
<p>I mean who do your really trust?? Who would you allow to open any drawer in your house, open any door in your house or your heart? Who would you let see your bank account or your E-Mails?</p>
<p>Trust is the most important thing in any relationship...friendship, with relatives, or romantic.</p>
<p>People walk in and out of your life....so think back and let us know how many people in your life right now do you really trust? What's the most at any one time?…</p>
<p></p>
<p>I mean who do your really trust?? Who would you allow to open any drawer in your house, open any door in your house or your heart? Who would you let see your bank account or your E-Mails?</p>
<p>Trust is the most important thing in any relationship...friendship, with relatives, or romantic.</p>
<p>People walk in and out of your life....so think back and let us know how many people in your life right now do you really trust? What's the most at any one time?</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/2059590922?profile=original"><img width="284" src="http://storage.ning.com/topology/rest/1.0/file/get/2059590922?profile=original" class="align-left"/></a></p> Teach your children to quit working.tag:teebeedee.ning.com,2010-09-10:1991841:Topic:10527402010-09-10T02:03:58.340ZDallashttp://teebeedee.ning.com/profile/Dallas
<p>Making money from salary is a losing proposition.</p>
<p> </p>
<p>If you and your spouse made $200,000 Taxable Income last year from salary, dividends and interest, you paid a <u>$44,263.50</u> tax bill. The same $200,000 from long-term capital gains, you would have paid <u>$30,000</u>.</p>
<p> </p>
<p>Who wants to work for someone else, when investment is more interesting, less time-consuming and more rewarding? If you love woodworking, cooking or something else for its own sake, great!…</p>
<p>Making money from salary is a losing proposition.</p>
<p> </p>
<p>If you and your spouse made $200,000 Taxable Income last year from salary, dividends and interest, you paid a <u>$44,263.50</u> tax bill. The same $200,000 from long-term capital gains, you would have paid <u>$30,000</u>.</p>
<p> </p>
<p>Who wants to work for someone else, when investment is more interesting, less time-consuming and more rewarding? If you love woodworking, cooking or something else for its own sake, great! Donate your work to a worthy charity. Meanwhile, stop wasting money in taxes!</p>
<p> </p>
<p>Profitable investment takes money and knowledge. Tell your kids:</p>
<ul>
<li>Think hard about not going to college. I know this is heresy. If you are not top 20% High School GPA and already <strong><u>extremely</u></strong> focused and <strong><u>extremely</u></strong> talented in some area, it may be a waste of money to go to college. Think about giving them 1/3 of their "college money" to start a business instead. Do it right: make a plan, run it by a SCORE advisor or someone who has made and lost money for years as an entrepreneur. If it fails, do it again with 1/4 the money. If the 2nd time fails, tell them to live on the remaining money while they intern <u>for free</u> in a highly speculative field where contacts and practical experience matter more than formal education: sales, film production, etc.</li>
<li>Start saving tomorrow morning while you still live a thome. Do not move out until you have paid your parents $1,000 and saved enough cash to live on for 6 months. I'm serious.</li>
<li>Never buy luxuries on credit. I call it the Inverse Big-Screen Rule: the more people spend on big ticket luxuries bought on credit, the less happy they will be in 5 years.</li>
<li>Do not get married (or have children) until you are at least 28. If I have to explain it to you, you would not understand it.</li>
<li>Seek immediate financial advice if they ever have to put groceries or other necessities on credit cards. Plug that leak right away, whatever it takes!</li>
<li>Cut expenses! Get a roommate, never eat out, carpool, just do it.</li>
<li>Learn about an investment area that interests them. Accounting/Finance courses in the evenings at a community college will do just fine for the basics. Then all they have to do is learn the specifics of their investments, whether it's real estate, art, cars, antiques, stocks, bonds, new ventures, film, you-name-it.</li>
</ul>
<p>Your kids can have it better. Tell them how.</p>
<p> </p>
<p> </p>
<p> </p> Do you get excited over new gadgets?tag:teebeedee.ning.com,2010-07-01:1991841:Topic:9987252010-07-01T03:41:17.873ZCWO3ROBBIEhttp://teebeedee.ning.com/profile/CWO3ROBBIE
<p style="TEXT-ALIGN: left"><img alt="" src="http://storage.ning.com/topology/rest/1.0/file/get/2059588042?profile=original"></img></p>
<p> </p>
<p>I spent the last three days researching which smart phone to upgrade to. The deal sounded really good. I am eligible to take advantage of Verizon's "New for Two" program. I can upgrade to a fancy new phone for very little outlay of money. The new contract was almost signed when the personable sales person I was dealing with said "And you are aware that this will add $30 a month to your plan? WHAT??? Nothing in my research had uncovered this…</p>
<p style="TEXT-ALIGN: left"><img alt="" src="http://storage.ning.com/topology/rest/1.0/file/get/2059588042?profile=original"/></p>
<p> </p>
<p>I spent the last three days researching which smart phone to upgrade to. The deal sounded really good. I am eligible to take advantage of Verizon's "New for Two" program. I can upgrade to a fancy new phone for very little outlay of money. The new contract was almost signed when the personable sales person I was dealing with said "And you are aware that this will add $30 a month to your plan? WHAT??? Nothing in my research had uncovered this not so minor change to my plan. I said"No! I was not aware of that. I will have to think this over.</p>
<p>I have lived 72 years without a "Smart Phone". do I have to have one now? </p>
<p> </p>
<p>Do you have one? Are you payin $130 or more a month to be able to talk to your friends at any time during the day or night? Why?</p>
<p> </p>
<p>Are we spending enough time on our smart phones and computers? do we need to spend more?</p>
<p> </p>
<p>Should I spend $30 more a month for the use of a smart phone?</p>
<p> </p>
<p>I currently spend $107 per month for Cell Phone and computer internet access.</p>
<p> </p>
<p>What do you spend? Fess up.</p> Making Moolahtag:teebeedee.ning.com,2010-02-23:1991841:Topic:8305252010-02-23T00:15:23.370ZMother Sanity (JackieRodzinski)http://teebeedee.ning.com/profile/JackieRodzinskiMotherSanity
<p>Hi Folks! Does anyone out there know if webpages make money,( putting aside ofcourse purely commercial sites)? I tried the click-ad idea, but over several years never made enough for Google to issue me a check. And I worked pretty hard on that thing.</p>
<p> </p>
<p>Is it necessary to offer product to make some dollars? (I am kind of artsy, so unless I hijack a truck of Fruitlooms, I'm limited to offering my artwork. Some of it's pretty good, but a guy can only produce so many steel…</p>
<p>Hi Folks! Does anyone out there know if webpages make money,( putting aside ofcourse purely commercial sites)? I tried the click-ad idea, but over several years never made enough for Google to issue me a check. And I worked pretty hard on that thing.</p>
<p> </p>
<p>Is it necessary to offer product to make some dollars? (I am kind of artsy, so unless I hijack a truck of Fruitlooms, I'm limited to offering my artwork. Some of it's pretty good, but a guy can only produce so many steel cochroaches....dont laugh. Its cooler than you might think.) But not cool enough to make a living. Creativity is a high energy state, so unless your laughing all the time, it's hard to be exciting.</p>
<p> </p>
<p>Does anyone have any webpage enterprise info (besides learn to program), or ideas that sportsome promise of viability? (My mobility is weening a bit....I must find some way to support myself..)</p>
<p>Maybe if we can throw some ideas around, I can find a way to stay afloat. Otherwise, it's home, sweet home. Love to you all. Jackie</p> BANKS AND CHURCHEStag:teebeedee.ning.com,2009-11-24:1991841:Topic:6076282009-11-24T03:41:54.021ZCWO3ROBBIEhttp://teebeedee.ning.com/profile/CWO3ROBBIE
As I drive around this great country of ours, I observe many things that raise questions. At least to me. Some things I understand; Some I don't. Some make me feel good; Some don't.<br />
One of my observations is: In most small towns, the biggest, most ostentatious buildings seem to always be Banks and Churches. This observation raises some questions in my mind.<br />
Am I the only one?<br />
What are your thoughts on this subject?
As I drive around this great country of ours, I observe many things that raise questions. At least to me. Some things I understand; Some I don't. Some make me feel good; Some don't.<br />
One of my observations is: In most small towns, the biggest, most ostentatious buildings seem to always be Banks and Churches. This observation raises some questions in my mind.<br />
Am I the only one?<br />
What are your thoughts on this subject? Starve the poor and feed the rich?tag:teebeedee.ning.com,2009-08-27:1991841:Topic:3017812009-08-27T15:21:49.079ZEveD123http://teebeedee.ning.com/profile/EveD123
How can our country refuse to raise the cost of living for the elderly, those on SSI, and justify this? What happened to give us your poor? Feed the poor?<br />
<br />
I am not trying to make those on SSI "poor", but honestly, how can they sit on capitol hill and vote themselves raise after raise, send checks to prisoners, spend zillions on war and starve the poor?<br />
<br />
<br />
I am not able to monitor this discussion regularly, but welcome your insights and comments.<br />
<br />
Please, no vulgar or spiteful comments. Just…
How can our country refuse to raise the cost of living for the elderly, those on SSI, and justify this? What happened to give us your poor? Feed the poor?<br />
<br />
I am not trying to make those on SSI "poor", but honestly, how can they sit on capitol hill and vote themselves raise after raise, send checks to prisoners, spend zillions on war and starve the poor?<br />
<br />
<br />
I am not able to monitor this discussion regularly, but welcome your insights and comments.<br />
<br />
Please, no vulgar or spiteful comments. Just share and with integrity.<br />
<br />
peace and blessings,<br />
EveD