Moon Kil Woong
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8 Promising Biotech Buyout Targets if Their Products Can Deliver [View article]
Here's How to Take 20 Years to Build a Retirement Fund That Lasts Forever [View article]
1) Borrowing to invest is not good since often the interest exceeds the profit and you incur risk.
2) "After a full year of investing you will add $5,000. Do not forget to increase your contributions by 3% every year to meet inflation. This should not be too hard as your wages will hopefully increase by inflation levels as well.", The simple fact is that although sometimes your wages rise, most people's wages don't even keep up with inflation. Thus, Americans have been getting a lower and lower standard of living the last 2 decades.
3) Constant stock market gains are a fantasy. If you want a retirement fund that lasts forever I suggest not going all stock. Of course not going all stock makes it even more impossible to generate 14% + gains. Claiming Buffet can beat 14% consistently is not a good argument. 90% of all fund managers can't achieve this.
4) People for the most part should not play options and often any hedging done by them takes into account a premium + time premium so your hedge costs more than the positive value. If it were otherwise no one would write the contracts.
5) The fist rule of making your money last forever is not losing it! That means buying safe investments that can cover in most cases stock losses.
6) You must beat inflation and taxes. And if you want to tap out of it make more than you remove too.
7) Thankfully we aren't all vampires (maybe there are some haha.) There is no need to build a retirement fund that lasts forever. If you save $1 million and invest somewhat wisely you can usually happily tap your $50,000 until you die without running out of $ unless you're around the age of Justin Beiber.
Please talk to a real advisor before planning for retirement...
Another Manic Monday: Greenspan Finally Agrees With Me [View article]
So yes we need government to set the rules, but that does not mean to tax and take over the private sector.
Another Manic Monday: Greenspan Finally Agrees With Me [View article]
Regarding the tax increases, no amount of tax increases will cover Obama's laughable government expenditures. He will spend until we are all broke. We should not encourage him or government by letting them permanently tax more. If you want to see a recovery tax less, spend less, and get government out of the kitchen and into the cellar again. It's the private sector that drives the economy. The public sector is nothing but a tax on society. The bigger it is the worse off we are.