It is likely many people are on high blood pressure medications that actually don't need them. Some doctors believe this is at least partially responsible for the epidemic of falls in the elderly population.
When I started investing, I held around 15% in VWO, the Vanguard ETF for emerging markets. After underperforming for quite a while, I sold it. I now obtain my global 'diversification' from holding the entire US stock market with VTI. Sometimes long term trends are what they are for a reason.
Hippocrates said 'Let food be thy medicine'. Sound advice then, even sounder advice now that we are more reliant on pharmacologic drugs to treat our most common killers: lifestyle diseases.
Like a stock picker getting lucky on his/her first pick, the odds are against your son's success continuing in any type of consistent fashion. He probably would have been better off tanking his first year, which would have provided a strong incentive to pursue a more productive line of work. His incentive at this point probably focuses on repeating that first years' success, just like the habitual stock picker attempts to ferret out the next Apple or Nividia...
The close relationship you have developed with him is wonderful, but it may make it more difficult for you to realize when your support has indeed become an enabling device for a potential gambling addiction, as you said yourself.
If there was a 'Truth in Naming' law, they'd have to call it Medicare Disadvantage...glad things worked out for your mother eventually. Living in NY has some 'advantages'.
My financial intuition told me it was a good idea to do this when I bought my first home back in 1988. Thanks to this excellent explanation, now I know why! Thanks, Jonathan for another excellent article!
Comments
I group these advisors pushing actively managed funds in the same category as used car salespersons...steer clear!
Post: Active vs. Passive Funds in 2024: It’s Deja Vu (All Over Again) by Steve Abramowitz
Link to comment from March 15, 2025
Looks like you've saved the best for last. Wishing you peace and comfort going forward...
Post: Four Thoughts
Link to comment from March 1, 2025
Many dentists seem to be competing with used car salespersons for the top spot in 'untrustworthiness'.
Post: Hole Truth
Link to comment from March 1, 2025
It is likely many people are on high blood pressure medications that actually don't need them. Some doctors believe this is at least partially responsible for the epidemic of falls in the elderly population.
Post: What I Watch
Link to comment from January 18, 2025
When I started investing, I held around 15% in VWO, the Vanguard ETF for emerging markets. After underperforming for quite a while, I sold it. I now obtain my global 'diversification' from holding the entire US stock market with VTI. Sometimes long term trends are what they are for a reason.
Post: French Connection
Link to comment from April 17, 2024
Hippocrates said 'Let food be thy medicine'. Sound advice then, even sounder advice now that we are more reliant on pharmacologic drugs to treat our most common killers: lifestyle diseases.
Post: Eat Sleep Move
Link to comment from April 10, 2024
Like a stock picker getting lucky on his/her first pick, the odds are against your son's success continuing in any type of consistent fashion. He probably would have been better off tanking his first year, which would have provided a strong incentive to pursue a more productive line of work. His incentive at this point probably focuses on repeating that first years' success, just like the habitual stock picker attempts to ferret out the next Apple or Nividia... The close relationship you have developed with him is wonderful, but it may make it more difficult for you to realize when your support has indeed become an enabling device for a potential gambling addiction, as you said yourself.
Post: Against the Odds
Link to comment from April 3, 2024
If there was a 'Truth in Naming' law, they'd have to call it Medicare Disadvantage...glad things worked out for your mother eventually. Living in NY has some 'advantages'.
Post: What Advantage?
Link to comment from March 27, 2024
My financial intuition told me it was a good idea to do this when I bought my first home back in 1988. Thanks to this excellent explanation, now I know why! Thanks, Jonathan for another excellent article!
Post: Matters of Principal
Link to comment from March 23, 2024
I've decided to hold VTI instead of VT to avoid the increased currency/political risk that foreign-based companies are subject to.
Post: Asking Myself
Link to comment from March 16, 2024