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Messages - BuddyJ

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Economics / Re: The future of a 401k
« on: January 21, 2018, 02:57:17 PM »

So, what do you think Diners?

If your employers match, it is basically free money you are leaving on the table if you don't. My parents are traveling the world on their 401k savings, the wife and I have borrowed against ours on occasion, just to splurge a little to do one of those bucket list type activities, some companies let you borrow against it without penalty to put money down on a house, the advantages are just huge. Ultimately, it turned out that there were surprising near term benefits to having the thing, it wasn't as though it was just another saving for retirement vehicle.

Another surprise was the availability of fund types to put the money into. You could get wild with small cap international investment, or just put something in guaranteed growth funds, so you can juggle the risk you prefer.

And there is one other advantage as Should collapse, the kind that I have been worried about since The Population Bomb turn into yet anther half century of BAU....well...the money won't hurt!! :emthup:

Environment / Re: Week ahead: House turns its eye to hurricane relief
« on: October 09, 2017, 11:43:44 AM »
They found $200B to fix up Houston?  That would pay of ALL of Puerto Rico's debt PLUS fix up the storm damage!


Houston generates about $500 billion dollars of annual GDP.

Puerto Rico about 1/5 of that.

Puerto Rico has that $70 billion in debt, Houston more like $9 billion.

So lets say that everyone gets $200 billion, doesn't pay off their debt, but spends the money making sure they come back up to full earning potential. $200 billion to make sure $500 comes back online, or $200 billion to make sure $100 billion comes back online. So a 2.5X return on $$ invested, or 0.5X.

From a practical economic return standpoint, the decision would appear obvious. Throw in more obvious..Texans vote for federal officials who damn well better figure out which side of their bread is buttered on..and Puerto Ricans can't....and what happens next probably isn't a surprise to anyone.

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