good times, good times

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841716)

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841724)

https://www.littler.com/people/navdeep-kumar-singh

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841736)

Your career is a fucking joke btw.

It really bothered me how your second DUI was a double hit and run. Only complete pieces of shit do hit and run.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841768)

And it wasn't just "a hit and run" you hit two fucking cars and smashed them both up and grabbed the detritus and put it in your car and then crashed into someone's yard while fleeing responsibility -- your ass should have been suspended and in most states you would have been. You are lucky New York SB never caught wind of this or they would have more than reciprocated I can tell you that much.

And this "incident" was the SECOND time for you pal.

Complete narcissist. Absolutely disordered. Keep it up at Littler as "special counsel" i.e. dont fuck up during this trial period or its back to marginal employment for your living-w-mamma junkie ass.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841820)

congrats on digging up some dirt on me that everyone here already knew. still, not quite as bad as raping your adopted boy. how do you sleep at night? i sleep fine even with the adderall coursing through my swarthy veins.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841826)

go back to mamma is she in the other room

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841831)

As usual, your reporting is "spot on."

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49841772)

on one of the videos, he was giving advice to some poor about why they should invest in a front-load actively managed "mootul" fund that would return 12% a year like clockwork, each year, and become "a perpetual motion machine" of returns such that the poor could just get his balance to $2m and retire on $150k a year and be fine forever.

this thread made me think of that video.

btw, dave ramsey officially endorses mootul funds with a 1.5% expense ratio and charging like 5% up front, in case you're interested. i suspect he recommends those to his poor prole listeners.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49843992)

1. instead of buying voo or vgt or whatever and paying essentially 0 fees, you should invest in a fund that costs you 5% immediately and then like 1% thereafter, for performance that will lag voo/vgt.

2. count on 12% returns, uniformly, every single year and make financial decisions that will blow to smithereens if we have 2-3 down years in the market.

he should just be telling people to go to vanguard, fidelity or schwab and finding broad-based index funds, investing in those, and also educating them that they SHOULD NOT count on 11-12% returns per year and explain sequence of returns risk in a manner that a retard poor can understand.

following the above advice would lead, and very likely has led, proles to financial ruin. and these are people that can't just get back in the job market as you or i might be able to.

he no doubt knows all this, but he is putting his own interests ahead of those of his retarded followers. first, he shills for mootul funds and gets some kind of kickback. second, he needs people to remain invested in his retarded programming. most proles cannot ever hope to reach $4m or even $2m. they MIGHT be able to cobble together like $1.2m. he NEEDS them to think that they can do that and have a comfortable retirement, so he shits all over the 4% withdrawal rate rule (because, as he says, any good mootul fund returns 12% a year, EASY).

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844028)

i wonder why he recommends managed mootal funds over low fees funds? kickbacks?

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844035)

run that through one of those monte carlo simulators and see when the person basically goes bust and has to find a job at 711 or whatever. i did this once, and they were ruined by like 2010. that isn't suboptimal, it's "oh no, my retirement is canceled and i have to start buying discounted cans of soup and find a min wage job." imo that qualifies as financial ruin.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844080)

the annual withdrawal rules of thumb are pretty common. you're right its unnuanced and could lead to financial ruin if someone thinks returns are guaranteed. but this advice is for retarded proles that can't understand what you're saying, and is probably the most cr advice for them.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844091)

so he's basically saying "hey, you're cool to get to $1.5m and withdraw $150k yearly (plus 3% a year for inflation bc inflation also is only ever 3% a year), all good. happy retirement!" and someone who did that just before the financial crisis would have been utterly DONE HERE.

we seem to be saying the same thing bc you acknowledge that doing the above "could" lead to financial ruin. and yet what i described is exactly what he tells his listeners to do. i would bet money that in 2010/2011 a good number of his listeners were financially busted and having to figure out how to re-enter the workforce.

the fact that he's telling them to use high-fee actively managed funds is just the icing on that cake of shit. the real problem with all this is his contention that the 4% rule (or 5% depending on who you listen to) is stupid. his pushing stupid shitfunds that lead to people getting suboptimal returns is bad, but it pales in comparison to him telling people to retire with less money than they need, which is a cornerstone of his idiotic program.

not sure how you can say this is cr advice, when it would lead in plenty of circumstances to someone having to cancel their retirement after a few years bc they are out of money. that is very ncr.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844114)

anyone who has their savings invested in equity mootual funds is at risk of getting buttfucked during an ite. explaining to some retarded prole the nuances of investing and market swings is impossible. they will only be to understand rules of thumb. his isn't terrible. if a prole has $1.5m saved and takes out 10% a year starting at 65 they'll probably be fine until the croak, especially with social security and a paid off house.

what should the be told instead? go talk to your broker and get a SPS annuity? go 100% fixed income?

we've gotten rid of pensions and above inflation returns on fixed income investments. proles are forced to invest in a market they dont understand. ramseys advice, which is suboptimal and not as infallible as he presents, is tcr for retarded proles most of the time. maybe they'll get wiped out by ite2, but what advice (that they can understand) would prevent that?

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844218)

yes you are correct that anyone invested in stocks is taking a risk, but someone who retired in 2007 with $6m in the market withdrawing 4% a year is in a much different spot than the prole who hit $1.2m and started withdrawing 10% a year. the former person will recover and in fact their balance will be greater than $6m at death. the latter runs out of money and is working at wal mart next to the retarded guy greeting customers.

DR is acting out of his own self-interest bc he knows people don't want to hear that they're fucked, so he sells this bullshit advice that will work for some but not for others, because he knows people will likely hear my advice above and say "well fuck it then" and buy flat screen TVs and prole cruises and shit rather than listen to some fat bald faggot giving financial advice.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844248)

he's advising people to play russian roulette with 3/6 chambers filled. this is not good advice. what it really does is give people a few good years of retirement followed by eating cat food. they'd be better off just knowing they're fucked and balling and booming out on harleys or whatever and staying at their bullshit jobs. i guess you can say that what you are saying is correct, but i think that's very debatable. i think it's better to just be realistic than to give prole dumbs false hope.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844261)

i understand you think it's better to be autistically honest and let proles slide and let do. and you're right it's a reasonable position. im not claiming im objectively correct. but i think proles will be better off believing in the easter bunny and stable 12% market returns than "HAHAURFUCKED." at least the easter bunner proles that retired in 2015 are fine. the 2008 proles, well, they were doomed from the start.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844272)

"son, did you know if you paid an extra $250 a month toward your 3% mortgage you could save yourself tens of thousands in interest and take years off the loan?"

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844387)

csb.

(http://www.autoadmit.com/thread.php?thread_id=5860376&forum_id=2Elisa#49844456)