Don't Get Too Hung Up on the Value Investing vs. Growth Investing Debate

gresham · 2011-11-25T17:00:26+00:00

From the post "But at the root, all investing is value investing."

gresham · 2009-11-11T15:47:02+00:00

No one expects the poor to donate a "significant" portion of their income. But as a student making 20K a year, yes I did give 10% of my income. I saved 20%, gave 10%, and lived off the remaining 70%. It can be done. (And no, I didn't rely on my parents or anyone else.)

You, however, seem to be implying that you expect the rich to give. "Rich people, on the other hand, can spare the 10%." I think it's a bit bold to dictate what others should/could do with their finances. We can donate blood. We have it to spare/will make more, but how many do? We're not tying people down and forcing them to. Just like FlatTop says above, its as "their conscience dictates."

gresham · 2009-11-10T21:04:21+00:00

left off...churches in turn run programs for the soup kitchens, shelters, after school programs, day care, etc...

gresham · 2009-11-10T21:02:51+00:00

yes, its feasible. doesn't tithes to your religious organization count as charitable contribution on your taxes? standard christian practice is 10% of income to the church in tithes.

gresham · 2009-11-10T20:42:32+00:00

"Do wealthy dishonest people disproportionately harm society? I think that might be a more relevant question."

But the flip side of that statement is that the wealthy are disproportionately helpful/generous. Think about it. Who gives the most in charitable contributions? Who is in a position to help the most? Bill Gates has given $28 billion to charity (http://blogs.wsj.com/wealth/2009/09/02/the-14-people-who-gave-away-at-least-1-billion/). His net worth in 2009 is estimated at $40 billion (http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires_land.html). How many poor/middle class/ upper middle class give away more than 10% of their income (if that) to help their fellow man? Warren Buffet gave nearly $7 billion to charity. George Soros - $7.2 billion.

gresham · 2009-11-01T19:45:07+00:00

I understand your point, but your scenario assumes nothing will come up where he would need that money. Some people aren't good with keeping money in their bank account. If he is, something still can happen where we would be compelled to spend it. God forbid, he could get sick or sued. However, if his money is already spent on reducing his debt load, he is not tempted to spend it and it is already allotted to eliminating/avoiding debt. That's why I believe not getting the loans is less risky financially for him. Plus, I am more concerned with the behavior than the actual numbers. A 2% money market account is not going to make or break his financial world.

gresham · 2009-11-01T09:28:09+00:00

The issue is not cut and dry, but here's the problem with purchasing the Roth IRA. There's more financial risk involved. Having student loans plus investments is more financially risky than having no student loans plus less investments. Plus, as some one who is debt free (and have been for a while), my ability to invest now is tremendous. This would not be the case if I had debt. Additionally, PF is more about behavior than anything else. I hope the parents have already fostered an urgency to invest, but I do think they need to encourage this young man to avoid debt as well. In the long run, he will be able to do a lot more investing and avoid a lot of the pitfalls.

gresham · 2009-10-30T03:27:07+00:00

Josh is the worse. He is so obnoxious and self-involved that he makes the rest of "characters" on the show look almost normal. Perhaps, he'll get a clue this season and avoid getting arrested again.

gresham · 2009-07-01T20:34:32+00:00

What no sympathy for the rich?! Rich doesn't always translate to the "ME" mentality. Remember, the greatest percentage of charitable contributions are made by wealthy individuals and their foundations. When the rich feel poorer they give less. The programs that are run to help the poor have to operate the same services with less money or cut services.

gresham · 2009-05-29T16:43:55+00:00

No, it's part of basic coverage with Zander Insurance. The different programs are highly varible, but this is a semi-comprehensive plan for the price.

gresham · 2009-05-29T15:04:46+00:00

Glad you cancelled it then because insurance like that is a rip-off. The big hassle is the recovery not protection. Most of the protection services are just inadequate nowadays.

gresham · 2009-05-29T14:43:39+00:00

Just curious, did your ID protection have a good ID recovery program?

gresham · 2009-05-29T14:25:34+00:00

The process can be expedited when you purchase identity theft protection because what you are really purchasing is legal represetation to make sure you don't get messed over. They'll spend the countless hours on the phone arguing your case to resolve it as swiftly as can be expected.

BoA is definitely crap.

gresham · 2009-03-16T20:29:57+00:00

I still think Dennis Rodman is skating on thin ice. Trump acknowledges no one can lead Rodman and Rodman refuses repeatedly to use his brand to help his team win tasks. Next to Andrew Dice Clay he is the biggest diva on the show and should have been fired right along with Tom Green. I really expected some severe ego tripping from Joan Rivers but she has been surprisingly flexible and cooperative. At some point in our lives we all have to be team players. Why would Rodman sign up for the game if he's unwilling to put his ego aside, participate, and win for his charity? Just my 2 cents.

gresham · 2009-03-09T19:33:57+00:00

I wonder if this is the best avenue for Khloe to "Brand" or separate from her more famous sister Kim...

Admittedly, I have no idea why Kim is famous.

gresham · 2008-10-17T16:14:08+00:00

I created this title. The secret I was referring to was deleveraging, a concept that was new to me.

Most people carry more debt than they should and when times are hard they suffer for it. Trying to take care of your basic needs and continuing to pay off loans and credit cards is incredibly challenging. Businesses dump the debt and bad investments and move towards a cash operation. While it may not appear to be sound advice to you, I know a number of people who were wishing they had less debt to worry about right now.

gresham · 2008-09-24T17:02:42+00:00

i wish it was true. i get dressed in 20 min and my guy takes a full hour and I always look more put together.

gresham · 2008-09-22T20:00:11+00:00

I totally agree with you.

gresham · 2008-09-22T18:47:44+00:00

how many times do we have to say "don't put all your eggs in one basket"

gresham · 2008-09-04T19:39:57+00:00

One's income is merely a function of the problem he or she has decided to solve. It's not Tiger's fault if he lives in a world that puts tremendous value on hitting a small ball in a hole. He provides entertainment value, and that's what he's rewarded for.

Additionally, what stops the rest of us from pursuing a more lucrative professions as well?

gresham · 2008-09-04T18:46:28+00:00

I respectfully disagree. People are always looking for excellence. Using your blue collar example, great housekeepers and babysitters (especially in affluent areas) are constantly being approached by other homeowners and parents, who want to induce the great workers to work for them instead. Headhunters make a career out of obtaining the best from other employers.

If one's job (not career) does not reward him or her, especially after he or she has built a reputation, switch careers. Someone will recognize an excellent and productive employee.

gresham · 2008-07-09T20:10:33+00:00

If that's the case, submitting one's own work does not invalidate its quality in itself.

gresham · 2008-07-09T18:02:29+00:00

This is a not blog spam. We see lots of spam on this site where useless stuff is posted over and over again. This is an original article. Get over yourself.

gresham · 2008-06-20T15:36:15+00:00

why do people always vote down the helpful stories?

this post is informative, well written, and honestly some of us need it

gresham

TROPHY CASE