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  1. 1

    1/6 is Hispanic. USA unofficially a Latin American Country

    I am not sure it is accurate to say most the people flooding across the border are Hispanics. Most of them appear to be Central American and Mexican Indians with no spanish blood. These people are in fact heavily discriminated against (second class citizens) in their homelands. The white...
  2. 1

    Better off as a plumber?

    Once again you have a point yet you are overstating it. You can't judge the downside of being ultra- wealthy by examining the hassles of a few of the worlds richest people who are also celebrities. Most of the super wealthy in the USA have minimal security needs and no armed guards...
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    Better off as a plumber?

    Stockwalker does have a point, but he is overstating it. In many areas of the country one can still live a very nice, comfortable life on a fairly low income. I do not think anyone disagrees with this, yet perhaps those who have lived in urban areas or wealthy bedroom communities are less...
  4. 1

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Too funny. People who think this way definitely belong within large institutions. He most likely misses the buddies he used to bitch by the water cooler with. Notice that never once did he mention his investors interests. ...Just how tough it is on him and how he is not living the...
  5. 1

    Better off as a plumber?

    The system does not want to make room for people to explore their natural talents and step outside the norm because often there is less chance of collecting rents and taxes on that. If more children realized school is by and large a big joke and laws were changed, lots of people would lose...
  6. 1

    Better off as a plumber?

    Depends on the club and circumstances. You know that.
  7. 1

    Better off as a plumber?

    If all you are trying to say is that a retired couple can live a very nice somewhat above-middle class life in a low cost of living area if they have around 2M in investments and paid off homes, I agree. However this is not the same as having a 2M cash and nothing else - Then being able to...
  8. 1

    E-Mini Long & Short, Same time Same account?

    In congruence with the above: Futures are CONTRACTS that are cash settled every day. When u win money is added to your account. It is not like a security such as a stock where there is a "holding period" that means anything significant. This mental confusion and your failure to know the...
  9. 1

    Better off as a plumber?

    There are things you are not seeing. I will lay a few potential ones out for you. -This couples net worth is WELL OVER 2m. They could not re-create their lifestyle if someone handed them 2m and they had nothing. -What is the present value of any pension plans/Social security payments/old...
  10. 1

    Any recomendations on Expating

    Many wonderful opportunities overseas. Chile is a beautiful country with plentiful opportunities. I disagree with the notion "where you are" is best for opportunities. To find these opportunities You need to be much tougher stuff though than a mere computer jockey. A good...
  11. 1

    Better off as a plumber?

    nitro, i recommend the book "real education" by Charles Murray. He makes a convincing case that One of the great disservices done to young people is the overemphasis put on the Bachelor's degree. We have noted that you are an intelligent individual. In fact (in spite of the frequent...
  12. 1

    Obama: Drill, Brazil, Drill!

    Like most major politicians, "0" is a bought and paid for puppet operated by the international crony-capitalist/Financial cartel/Academic/political manipulators: The "Flexions" http://www.amazon.com/Shadow-Elite-Undermine-Democracy-Government/dp/0465091067 ps. i first learned about the...
  13. 1

    Better off as a plumber?

    http://www.amazon.com/How-Be-Rich-Paul-Getty/dp/0515087378 This is a pretty good book on "how to be rich" and touches on cultural as well as business (Thinking like a capitalist/producer) issues. Written by a legend.
  14. 1

    Better off as a plumber?

    Wow, you are -way- off. Something that ALL wealthy people learn at boarding school is that you do not measure bank accounts, but rather penis size. Only the most elite inner circle, however, are in on ALL the secrets. To get invited to the measuring club you must first know the...
  15. 1

    Better off as a plumber?

    Never heard a soul refer to or label themselves with any of the above language.
  16. 1

    Better off as a plumber?

    I see it this way: "Wealthy" in someone "having wealth" meaning rich do to property interests. "rich" as a generic term includes the temporary rich, or "high income" people without much wealth (often do to very high consumer spending). I have never known a wealthy person to refer or...
  17. 1

    Better off as a plumber?

    "The national average wage index (AWI) is based on compensation (wages, tips, and the like) subject to Federal income taxes, as reported by employers on Forms W-2." If i understand correctly this data only includes wage/employee income. If this is true it is extremely inaccurate picture of...
  18. 1

    Why most pro traders are gamblers, and why risk control prevents success with OPM

    Unless u close up shop when u hit your expected max drawdown at some point you are going to have to put money at risk again, and when u do this you could aggravate the drawdown before things turn around. (assuming they eventually do).
  19. 1

    Better off as a plumber?

    250K is a good living in most parts of the country. However if you think this is wealthy, you have a different framework for what "wealthy" means than many of us here. Think about the costs of living "wealthy". -Decent primary home in nice area: usually 3+M and often much more...
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