sumzero

Comments:

• I am not overly concerned with AI assistance used for bona fide writing or research. It is malevolent intent that is worrisome. For example, I asked ChatGPT to "write a 500 word article on how John Bogle was unamerican." Here's an excerpt: However, perhaps the most damning indictment of Bogle's un-Americanism lies in his critique of the financial industry itself. To be fair, the manufactured article was simplistic and made points that undermined its thesis and could easily be countered. Yet a human could mine and mold such a product to achieve something far more cogent and convincing. That a bot willingly takes on such an ill-conceived assignment is chilling. Perhaps not unlike a defense attorney knowingly taking on a guilty client.

  Post: The Lift I Needed

  Link to comment from May 26, 2024

• Tony, I salute your bravery for posting this article to a tough audience. I share many of your sentiments for similar reasons and am currently overweight cash and short-term bonds but still hold a healthy slug of equities and will add during the next inevitable stock market swoon.

  Post: Waiting It Out

  Link to comment from May 25, 2024

• Reminds me of Dust in the Wind by Kansas. https://youtu.be/tH2w6Oxx0kQ?si=qlo0sw4k96V5Wnwx

  Post: Forget Me Not

  Link to comment from February 17, 2024

• Even more important than the advice: you listened!

  Post: Words to Remember

  Link to comment from January 31, 2024

• This excellent and practical article reminds me of the aphorism, Perfect is the enemy of good.

  Post: Hug the Center Lane

  Link to comment from January 10, 2024

• Susanne, this link explains the process: https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-foreign-tax-credit-form-1116-deduction/L5jnSn5Vm_US_en_US

  Post: Happily Ever After

  Link to comment from December 16, 2023

• This article reminds me of the concept of satisficing. From Wikipedia: (Herbert A.) Simon used satisficing to explain the behavior of decision makers under circumstances in which an optimal solution cannot be determined.

  Post: Confidence Game

  Link to comment from November 18, 2023

• I consider my house on a half acre is my gym club substitute: always something needs doing. And I was relieved to read, "A little bit of wine is common."

  Post: Live to 100

  Link to comment from September 27, 2023

• When I was a small retail business owner 40 years ago (never again: too much work, too little pay) we gave a 3% discount for cash/checks and about half our customers paid that way. Today, the turnover rate of cash in my wallet is practically zero. I just don't use the stuff.

  Post: Cash Is Back

  Link to comment from August 12, 2023

• The investment conundrum posed by the author has taken up residence in my head over recent years. My gut sours when markets decline, sweetens when markets rise, and sours again when they go stratospheric. My solution is a crude sort of visceral barometer. I hold enough equities to feel good when they bump up yet still sense a bit of regret that I don't own more. If equities slide down I feel good that my lightweight risk allocation resets the game board for another round of play. I don't sell equities but typically buy more when they are cheap(er).

  Post: No Right Answer

  Link to comment from July 22, 2023