Comment on Financial Slacker 2.0 by Rudy SMT.
I think would be interesting to know a bit more about your lifestyle to get a better idea how relate to your finances.
Starting another blog isn’t an easy task. There are study that show humans aren’t so great at multitasking as we think.
Thinki about the result you can achieve if you focus only on this website.
Recent Comments by Rudy SMT
Employment Growth Rate Declining
Hi Financial Slacker,
finally, someone writing something interesting about the current economic condition instead of the usual “How to invest in real estate” or “How to retire earlier” (ops, I just wrote about this one).
I would like to add some of my opinions to the already sound points of this article.
Your observation about the constant deceleration in employment growth coincides with a flat S&P 500 return.
What is it?
As explain in my article “Trading Strategy; How to profit from stock movements” which talk about economic cycles, the US economy is in a “Distribution Phase.”
In this phase, the market stall, move between double and triple up and down as seen in the last August and January.
As FS explained, next is the “Fall-Down Phase”, and you don’t want to be in stocks or long-term bonds.
In the last two weeks, I notice an alarming indicator; any investment classes jumped to the job report news. It means, investors are throwing money at everything has a yield.
It isn’t a professional way to invest money, isn’t it?
FS is giving sound defensive actions above. I would add:
~ If you have a job, keep it. Don’t try to change employment or you might find yourself layoff in the downturn phase.
~ Move some stocks to cash or gold or short-term bonds
~ Pray more often
Healthcare Cost Problem – Who Can Fix It?
I say that health care is a money machine… Full stop.
Just look at hospitals quoted in the market stock; massive margin of profits.
There aren’t any doubt doctors working in private hospitals are trained to upsell.
I have got a story here;
My father had a bike accident and went to one of the best private hospital in the area with a scarf on his head and a shoulder slightly damage.
They stitched his head and nothing for the shoulder. On the second day, the doctor told me would be better to do an operation in the head because he saw the skull slightly fracture. The operation room was ready for US$ 9.000.
I told my father the happening. He let me know that 30 years ago, he had the skull fracture in the same place. I told the doctor and refused his offer. The doctor was sad indeed.
After 5 days we left the hospital with a bill of US$10.000 that the insurance picks it up to pay.
The best part was that the doctor neglected the shoulder, and now my father should go for an operation to fix it, when, back then was a mere matter to WRAP it up..
BE AWARE OF DOCTORS AND PRIVATE HOSPITALS.
I’m going to do a research about health insurance to find out if it is worth to have one or it’s better to invest the money in an ETF account for the long term and when needed the money for hospitalization, take from the found.
Private School Worth It, or Not?
I think in USA and Europe public school are doing a good job to educate kids. However, I believe if my kid is so potential that in a public school is getting bored because the class is too big to handle for the teacher and the progress is slow, that private school can be the solution.
If you live in Asia, middle east or south America, basically developing countries, the only choice is a private school.