JoeWeber

Saudi's are up to 12.3 million barrels a day @ +/- $10 per barrel cost of production. That's above available production capacity which means they're adding in some reserves. Russia is near 11.5M bpd @ +/- $20 cop. Oil from fracking is maybe $40 per barrel cop. Call them rough numbers but even fudging in any direction makes clear the obvious market vulnerability. In other news, the cost of photons remains stable.

Or here.

Still no answer. If you do hazard an attempt try to be scientific. Also, it would be delightful if the response started with : "I think."

O.K., you've been asked before but I'm a glutton for punishment, how do you control it when it's not a wonderful thing?

That is all true providing you have continually rebalanced your portfolio to meet your timeframes.

A little SPY if you just need to do something, I guess. But if a single expert was calling it a buy two weeks ago...........

You just dive right in and get rich. I've had only a touch of shares going into this year and intend to stay that way until the train has left the station.

Well done swamp drainers, well done indeed. Who could have imagined it might get so bad? So apropos this fine morning.

I'm not NASA or Boeing but I am as hands off as possible at my scale. And, luckily for me, I've always had really good people who don't mind keeping me in the right lane when needed. Something as relatively simple, on a societal scale, as adequate nutrition for school children is a massive undertaking to solve. No one comes out of the gate with a fleshed out plan or even a half assed plan. Too many variables are involved, too much give and take will happen along the way. But that won't stop someone from starting the process by observing that we just might be paying huge as a society for all of those poor development issues anyway so let's just accept that truth and do the right thing and put food in the mouths of blameless kids see how that works. Then the planning begins.

Thinking about it a bit more, I might give Brent a bear hug and a tongue in the ear just to Gay freak him. But that is absolutely my limit.

You got that right. The internet is as close as I want to get to most of you germ ridden arseholes.

O.K., that makes sense given the context.

What the Holy Hell is the Law of Grace? Is that from your pastor?

The thing is that leadership and vision usually don't start with a PowerPoint presentation. It starts with someone saying: "this is whats going to happen and you people figure out how we're going to do it." So yes, let's have a shout out to the cubicle people tasked with all of that, but that's not where it starts. Of course, sometimes you get a moon landing and sometimes you get a 737Max so once the decision to do it is made you just gotta cross your fingers and hope the detail people can pull it off.

You're right. I should have assumed you just like arguing.

I assumed there was no reason other than you just like posting.

Turtle, On reflection I think you are right to make the observation. I'll work on it.

Don't you be snugglin' up to my man now, ya' hear?

Relax. I PM Coreece pink hearts all the time.

Leave the math to BillVon, try philosophy instead: save, save and save until you have a million dollars. IRA's, Roth's, 401K's or whatever is on offer. If you are making $150K per year you are likely taking home around $100K. Live on $50 or $60 or even $70K if you must and bank the remainder in the most tax friendly way possible. Time passes fast and a million is not decades away for the frugal. Or, don't give a shit, that also works.

And not impossible to achieve. 1. Work hard, two jobs if possible. 2. Don't waste money on flashy cars or jacked up muscle trucks no one needs. 3. Don't waste money on designer crap that can be bought at Ross for 80% less. 4. Save and invest in diverse mutual funds and real estate. 5. Don't buy a house you don't need. Instead buy two, one for you and one to rent. 6. Continue working hard. 7. Don't have kids until you can actually afford them. Start early enough and even if hell hits you might have a shot at a reboot. You don't need to be a Super Genius like Donald J. Trump to pull it off, you just need to want it more than short work weeks and all of that so precious personal time. It isn't about home runs, either. I know an immigrant family that has made it at least half way there in 7 years selling dollar tacos. If you'd rather live a carefree life of catfishing and darts at the local pub and have more kids than you can beat in a single afternoon that's just wonderful. If being old and poor is a risk you'll take in exchange for the constant effort of getting ahead that's cool, too. But don't talk numbers when you are deciding what is rich and what is poor. That's not your game.

Bingo!

Aww, you butt sore again? There was no attribution. You may need Phil and nerdgirl to do your research but that just makes you a consumer of what others consider valid, not an independent thinker.

Damn Phil you are a genius, but then we all are since Google. If you are going to lift text from Forbes an attribution would help your credibility. And Coreece, no surprise you liked it.

Except for the totally uncalled for liver joke, this is spot on. airdvr maybe, compared to liberals, you just suck at capitalism.