Monday, April 20, 2009
Monday, April 13, 2009
It's a mistake to measure investments from peak to trough, it makes the losses feel much worse than they will be. I like to think of the numbers on my 401k as imaginary made up things with no substance until I convert to cash. Another trick I do is to only look at my 401k once or twice a year.
Wednesday, April 8, 2009
When I bought my car, the dealer was trying to get me to buy a LoJack for $800. I kept refusing, but I did it in a polite way, and I was firm. After I refused to buy any extras, he looked at me apologetically and said something like "I hope you don't think I'm a bad guy." I shook my head and said no, and he seemed slightly relieved and slightly ashamed and almost approving, like I made the right choices. Like his soul was a little eaten up having to persuade people to do what wasn't in their best interest.
Tuesday, April 7, 2009
Bank of America actually offered me $20,000 at 0% interest on my credit card that I was able to invest at 5.5% in an online savings account. I think I made maybe $800 dollars for doing nothing, for no risk. The puritan in me felt a little bit bad about doing it, because I was literally doing no work for the money. On the other hand, the Bank of America people were big boys and girls and no one forced them to lend me $20k. But when the proverbial free lunch actually appears (read: the world has gone insane), apparently shit's about to get fucked up.
Tiny flying cameras the size of a fly would be a horrible privacy and surveillance concern, but it could also be a great force for human rights and eliminating sweatshop conditions. Imagine pulling up a website and seeing a live video feed of how workers around the world were being treated.