It sounds like a lot of work for not much money.
Unless we could invest it all in bitcoin to make a million. Seriously, I liked the education IRAs, now I think called Coverdale Education accounts. More flexibility and lower fees than 529 plans.
I thoroughly disliked Gregory Zuckerman's "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution," but maybe a discussion of big data and quants claiming they can beat the market would make for an interesting article for HD. Although this book doesn't describe the methods in a meaningful way.
How much of this is just luck? When a classroom of kids are flipping coins, one of them might get heads six times in a row. Since 2020 I've kept a side account where I have been making bets of $1k each on between 15 and 20 individual stocks. My other rule is I have to hold a stock at least one year. I've sold a few big losers and a few slight winners. Overall, I've beat the market by a little. Sometimes I congratulate myself on my incredible insight. Other times I ask if the slight winning is really significant; have I deviated from the mean? I think about the statistics books I've read. My winning is pure luck or noise.
But it's fun nonetheless.
Index funds work because there are still enough active traders who don't index. But index funds have become a huge part of the market. What would happen if the market were far less active?
I was optimistic. And I was an early adopter of the Internet. In college I wrote my dad email at his Compuserve account from the computer lab at school. I bought my first plane ticket online in 1989. I wrote my first web pages in1995. It's very likely my microscopy lab was the first one worldwide to advertise its services on a website.
But then I saw the amount of garbage online. I watched my kids do or see terrible things online and thwart our every attempt to keep them offline. I dreamt of -omics, basically what you describe as a database that could associate anything, but bad people could connect so fast and become garbage cults that I saw more downside. AI doesn't address omics well becausse it is too probablity based and not enough rules based. I've lost my optimism. We'd be better off if we could turn it off.
We're having problems with this now in our community where it appears that neighbors are encroaching on a park. The publicly available maps, paper deeds, and paper trails of the city and county are full of discrepancies. Perhaps people did not file properly and subsequent owners did not know this and are operating based on mistaken property lines. Which are correct? Was this intentional theft or carelessness? It's a mess.
Maybe your paper deed supersedes an electronic filing. Maybe not. The enforcement of property deeds appears to be highly on locale and who knows who.
This is different than dollars managed by a large bank or brokerage.
Comments
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Post: Trump Accounts: A Deep Dive into Kids’ Savings
Link to comment from August 23, 2025
It sounds like a lot of work for not much money. Unless we could invest it all in bitcoin to make a million. Seriously, I liked the education IRAs, now I think called Coverdale Education accounts. More flexibility and lower fees than 529 plans.
Post: Trump Accounts: A Deep Dive into Kids’ Savings
Link to comment from August 23, 2025
I thoroughly disliked Gregory Zuckerman's "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution," but maybe a discussion of big data and quants claiming they can beat the market would make for an interesting article for HD. Although this book doesn't describe the methods in a meaningful way.
Post: How to Beat the Market
Link to comment from August 23, 2025
250 analysts seems to me to be a liability. They can't effectively share information.
Post: How to Beat the Market
Link to comment from August 23, 2025
How much of this is just luck? When a classroom of kids are flipping coins, one of them might get heads six times in a row. Since 2020 I've kept a side account where I have been making bets of $1k each on between 15 and 20 individual stocks. My other rule is I have to hold a stock at least one year. I've sold a few big losers and a few slight winners. Overall, I've beat the market by a little. Sometimes I congratulate myself on my incredible insight. Other times I ask if the slight winning is really significant; have I deviated from the mean? I think about the statistics books I've read. My winning is pure luck or noise. But it's fun nonetheless.
Post: How to Beat the Market
Link to comment from August 23, 2025
Index funds work because there are still enough active traders who don't index. But index funds have become a huge part of the market. What would happen if the market were far less active?
Post: How to Beat the Market
Link to comment from August 23, 2025
I was optimistic. And I was an early adopter of the Internet. In college I wrote my dad email at his Compuserve account from the computer lab at school. I bought my first plane ticket online in 1989. I wrote my first web pages in1995. It's very likely my microscopy lab was the first one worldwide to advertise its services on a website. But then I saw the amount of garbage online. I watched my kids do or see terrible things online and thwart our every attempt to keep them offline. I dreamt of -omics, basically what you describe as a database that could associate anything, but bad people could connect so fast and become garbage cults that I saw more downside. AI doesn't address omics well becausse it is too probablity based and not enough rules based. I've lost my optimism. We'd be better off if we could turn it off.
Post: Back to the Future
Link to comment from August 16, 2025
We're having problems with this now in our community where it appears that neighbors are encroaching on a park. The publicly available maps, paper deeds, and paper trails of the city and county are full of discrepancies. Perhaps people did not file properly and subsequent owners did not know this and are operating based on mistaken property lines. Which are correct? Was this intentional theft or carelessness? It's a mess.
Post: Have you seen your money lately?
Link to comment from August 16, 2025
Maybe your paper deed supersedes an electronic filing. Maybe not. The enforcement of property deeds appears to be highly on locale and who knows who. This is different than dollars managed by a large bank or brokerage.
Post: Have you seen your money lately?
Link to comment from August 16, 2025
I've heard it recommended that at least once per year you should download full PDFs (or screen snap) itemized statements of all your accounts.
Post: Have you seen your money lately?
Link to comment from August 16, 2025