Friday, December 31, 2010

The Popular Investment No One Understands (BND, EFA, IWM, VTI, VWO)

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10 hangover remedies: What works? -

10 hangover remedies: What works? jajavascript:void(0)vascript:void(0)- "- Sent using Google Toolbar"

Used Car Prices Higher Than Ever

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5 Auto Maintenance Procedures You Don't Need

5 Auto Maintenance Procedures You Don't Need: "- Sent using Google Toolbar"

Dodge The Flu - Health News Story - WCTI New Bern

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10 Ways to Get the Most Out of Technology -

10 Ways to Get the Most Out of Technology - "- Sent using Google Toolbar"

Tuesday, December 7, 2010

good movies and film festival winners
Palm d'or winners
Uncle boonme
The white ribbon
The class **
4 months 3 weeks etc
The wind that shakes the barley
The sons room
Eternity and a day
The eel
Tast of cherrry
Secrets and lies

Cannes grand prix
Of gods andmen
A prophet
The mourning forest
Broken flowers
Old boy
The man without a past
The piano teacher
Devils on the doorstep
Life is beautiful
The sweet hereafter
Ulysses gaze

Venice film festival

Lust, caution
Still life
Vera drake
The return
The magdalene sisters
The circle
Not one less
The way we laughed
Before the rain
Vive lamour

Berlin golden bear award
The milk of sorrow
The elite squad
Tuya's marriage
u-carmen eKhayelitsha
Head on
In this world
Bloody Sunday
Spirited away
Thin red line

Berlin silver bear awards
If I want to whistle, I whistle
Alle anderen
Standard operating procedure
El otro
En soap
Lost embrace
Halbe treppe
Beijing bicyce
The road home
Fifunes last song
Smoke **
Strawberry and chocolate *
The river
Lust och fagring stor
Arizona dream

Audience favorites:
Apu trilogy
Mamb (mother
Earth 1930

Critics favorites
Pather panchali
The searchers

Saturday, December 4, 2010

guess whom the republicans represent:

U.S. Senate blocks middle-class tax cuts
12:24 pm ET 12/04/2010 - MarketWatch Databased News

NEW YORK (MarketWatch) -- The U.S. Senate Saturday turned back bids by Democrats to permanently extend middle-class tax cuts enacted during by the Bush administration, but the votes are unlikely to impact broader talks, according to published reports.

In unusual weekend votes, the Senate voted 53-36 in defeating attempts to start debate on a proposal to extend lower tax rates for people earning under $200,000 and couples that make less than $250,000, The Wall Street Journal and others reported.

Just ahead of the votes, Sen. Charles Schumer, D-N.Y., argued against extending "tax breaks for millionaires and billionaires at a time of huge deficits," according to Associated Press.

Conversely, Republicans argued against any tax hikes when the economy is still recovering for the recession. "It is the most astounding theory I have ever seen, raise taxes to create jobs," said Sen. John Thune of South Dakota.

Senators also voted 53-37 against another attempt to raise the income bar for middle-class tax cuts to $1 million and then extend that threshold permanently, with Republicans unanimously rejecting both and some Democrats also voting against the majority.

Saturday's vote came ahead of what's seen as a possible agreement next week between the Obama administration and congressional leaders on a bill that would block tax increases at all levels, as the GOP would like, and an extension of benefits to the long-term unemployed, as Democrats want.
Paul B. Farrell
Paul B. Farrell

Jan. 7, 2010, 12:59 p.m. EST
Meditations on 'lazy investing'
Commentary: Turning to Buffett, Bogle and Buddha for wisdom on how to invest

By Paul B. Farrell, MarketWatch

ARROYO GRANDE, Calif. (MarketWatch) -- Last May, 35,000 shareholders crowded into the Berkshire Hathaway annual shareholders meeting. One of the faithful asked a fundamental question: "What is the secret to value investing?"

According to an article in Harper's Magazine -- "The Church of Warren Buffett: Faith and Fundamentals in Omaha" -- Buffett replied with all the serenity of the Buddha: "Independent thinking and inner peace."
Billionaire's bright lights bring big cheer

WSJ's Alan Murray shows us the latest extravagant light display decorating the home of hedge fund manager Paul Tudor Jones in Greenwich, Conn.

Independent thinking? Traditional left-brain wisdom you'd expect from a Western leader. But inner peace? That's hot Eastern wisdom served with down-home Nebraskan wit by Buffett the Buddha.

Recently, I reflected on the world's wild ride since the catastrophe Wall Street's Scrooges created more than a year ago. Through it all the Lazy Portfolios were, like Buffett, quite serene. Check out our Lazy Portfolio pages.

I started wondering how the inner peace and wisdom of three of my heroes -- Buffett, Bogle and Buddha -- would translate into meditations to help Lazy Portfolio investors. Suddenly it all came together in the "Zen millionaire's" 12 principles we've written about before.

Here's how I see our three wise men meditating on Lazy Portfolios in 2010:
1. Zen first -- get it before you get the million

Buffett the Buddha was born with it. "I am really no different from any of you," he says. "I may have more money than you, but money doesn't make the difference. Sure, I can buy the most luxurious handmade suit, but I put it on and it just looks cheap. I would rather have a cheeseburger from Dairy Queen than a $100 meal ... If there is any difference between you and me it may simply be that I get up every day and have a chance to do what I love to do."

And he still "tap-dances into work every day."
2. Your mind creates money

"We are what we think," Buddha says. "Our thoughts create our world." Today, Wall Street's thoughts are driven by a mindless, obsessive addiction to "get rich quick," creating a world of endless self-destructive bubbles. In contrast, Buffett creates long-term wealth.

"One of the keys to Buffett's success," says an admirer, "is compounding ... If you put $2,000 a year into an IRA for just eight years, until you are 27, when you retire at age 65 the $16,000 will have ballooned to over $1 million. You do not need unusually high returns to make good money with compound interest, but you do need to be consistent."

Bogle adds: "Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner's game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after Wall Street's substantial costs of investing are deducted, it becomes a loser's game."
3. Being a millionaire is 'nothing special'

Ancient Zen masters warned students that enlightenment is "nothing special." Neither is having a million. Nor even a billion, to Buffett: "Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars."
4. Investors play a lazy game of solitaire

The Buddha: "Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense."

Jack Bogle introduced us to the Lazy Portfolios doctrine: "Start with the total stock market index. The idea is to own the stock market, own every company in America, and hold it for Warren Buffett's favorite holding period: Forever. And that's the secret: Own everything, and hold it forever. The S&P 500 is about 80% of the value of the total stock market." The Wilshire 5000 is a great alternative.

The eight Lazy Portfolios had a successful year in 2009, riding the turmoil with inner peace. Just before Christmas, all eight no-load index portfolios had one-year returns averaging 24% to 33%. Check out our Lazy Portfolio pages.

The Second Grader's Starter Portfolio consists of just three funds including the Bogle-recommended big-cap index fund plus the Total Bond Index (NASDAQ:VBMFX) and Total International Stock Index Fund (NASDAQ:VGTSX) . The portfolio's 33.3% returns beat the S&P 500, proving Buffett's point that "a great IQ is not needed to do well as an investor," just "the ability to detach yourself from the crowd."

We know the crowd will focus on the two hottest funds in the eight Lazy Portfolios -- Vanguard's Emerging Markets Stock Index (NASDAQ:VEIEX) was smoking at 79% this year, and its REIT Index Fund (NASDAQ:VGSIX) at 39%. But remember: Diversify, don't just trade hot funds of stocks.
5. No outside authorities -- you are centered within

"The future is never clear," Buffett warns. "You pay a very high price in the stock market for a cheery consensus." Strategy: No trading, buy value, never sell. "I never have the faintest idea what the stock market is going to do in the next six months, or the next year or two," Buffett says. "But I think it's very easy to see what's going to happen over the long term."
6. You are always a beginner

Zen masters say: "Zen mind, beginner's mind." Step into Buffett's Zen mind, and meditate: "I'm going to buy hamburgers for the rest of my life. When hamburgers go down in price, we sing the 'Hallelujah Chorus' in the Buffett household. When hamburgers go up, we weep. For most people, it's the same way with everything in life they will be buying -- except stocks. When stocks go down, you can get more for your money, but people don't like them any more. That sort of behavior is especially puzzling."
7. The Zen-millionaire makes peace with the dark side

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently," Buffett says. And to Congress: "I want employees to ask themselves whether they are willing to have any contemplated act appear on the front page of their local paper the next day, be read by their spouses, children, and friends ... If they follow this test, they will not fear my other message to them: Lose money for my firm and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless."

Meditate on working for Buffett every day ... you'll get the "Zen first."
8. Wealth-building is about building character

Today Wall Street's addiction to massive wealth is creating an America with the mind of a teenager on speed, hell-bent for instant gratification. "Investors should remember that excitement and expenses are their enemies," Buffett says. "Success is getting what you want. Happiness is wanting what you get." Meditate on this: Who are you? Are you a money machine or rich in integrity?
9. You are the only guru

Bogle offers a practical reason for being your own guru: A decade ago "the total revenues paid by investors to investment bankers and brokerage firms exceeded $1 trillion" and "more than three-quarters of the cumulative financial wealth produced by stocks over an investor's lifetime will be consumed by fund managers." You cannot trust Wall Street. Zen masters warn: "If you meet the Buddha on the road, kill him." Why? Because Buddha is never "out there." Not on CNN. Nor at Goldman. Not even Buffett. You're it.
10. You're on a never-ending journey of self-discovery

"You do things when the opportunities come along," Buffett says. "I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing. ... You only have to do a very few things right in your life so long as you don't do too many things wrong."

You're on earth for a reason. Not just to get rich. What is it? That journey never ends.
11. You are making a difference

"It's class warfare and my class is winning, but they shouldn't be," Buffett says. "If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%." Most don't. So it's no surprise that Buffett's actions speak louder than words: The richest man on earth is giving away all of his fortune.
12. The secret power within you

Life and investing are simple for Buffett: "We enjoy the process far more than the proceeds." He lives in the same modest house, drives an old car. The computer in his office is only used to play bridge with friends around the world. He knows you get the Zen first, or you don't get it. The secret? "Independent thinking and inner peace."

"I can only to point the way for you," Buddha says. "Be a lamp unto yourself." And if you wonder how you'll ever know if you got the "Zen First" secret (because Buddha also says "you may be enlightened but never know it"), I'll bet Buffett would reply something like: "You'll know you're enlightened when you sense inner peace while tap-dancing with your portfolio." At least I hope he'd say something Nebraskan like that.

Bottom line: There's no secret to the Zen. If anything, it's too simple. Zen is within you. So here's my gift to help you discover your "Zen First" this wonderful season and all through 2010. Discover 40 wonderful ways people worldwide and throughout history have meditated to find inner peace: Download my free book, the "Millionaire Meditation." And yes, both work and dancing are in the top 40. Download the free book at this site.

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7:14 PM EST
December 4, 2010
New York



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Friday, December 3, 2010

Wandering Mind Makes You Sad, Scientists Say: What Brings Happiness? - Health Blog - CBS News

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Build Your Own 'Lazy Portfolio!' 6 Rules
Yes, you can build a million dollar nestegg, its simple, you can do it

ARROYO GRANDE, CA. (MarketWatch) – “Investing should be dull,” says Nobel Economist Paul Samuelson, “investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas” or Wall Street. Investing really is simple and easy, anyone can do it. You can. Here’s how.

Several years ago I started tracking the best portfolios I could find in America, simple portfolios being used by Nobel Prize winners, millionaires, conservative portfolio managers, neuroeconomists as well as average Main Street investors. We even found some in books like Investing for Dummies and The Idiot’s Guide to Investing.

We discovered something amazing. They were all saying the exact same thing: All you need is a simple, well-diversified portfolio of just three-to-eleven funds, low-cost, no-load index funds that will create a long-term winner through bull and bear markets. And you do it with no market timing, no active trading and no commissions. “Lazy Portfolios” are that simple. So what about the other thousands of stocks, bonds and mutual funds being hustled by brokers? Forget them!

But don’t you need help? Personal finance legend Jane Bryant Quinn put that issue to rest in her classic, Making the Most of Your Money: “Most of us don’t need professional planners. We don’t even need a full-scale plan. Conservative money management isn’t hard. To be your own guru, you need only a list of objectives, a few simple financial products, realistic investment expectations, a time frame that gives your investments time to work out, and a well-tempered humbug detector, to keep you for falling for rascally sales pitches. Don’t put off decisions for fear you’re not making the best choice in every circumstance. Often, there isn’t a ‘best’ choice. Any one of several will work.”

If you’re ready to start, here’s how: Get to know the eight “Lazy Portfolios.” It won’t take long. Then use your own judgment and customize a portfolio that fits your needs, your age, your lifestyle. Trust yourself. Many readers simply start with one of the eight. Then over time they fine-tune their portfolios as they add new money from savings. It’s really that simple. This strategy is being used successfully by boomers and multi-millionaires, young families with modest savings, college students just starting out, even grade-school kids.

Here’s what people tell us works: Six simple rules guaranteed to help you diversify, lower risk, level out bull/bear cycles and generate returns that beat market benchmarks without having to waste your time playing the market. Build your own “Lazy Portfolio” following these six rules, you’ll win, and more important, you’ll have lots of time left to enjoy what really counts, your family, friends, career, sports, hobbies, living. So here’s why and how this “Lazy Portfolios” strategy works:

1. Swing For Singles & Bet on Every Horse

Lazy investors win by being average. No-Load Stocks guru Charles Carlson uses a baseball analogy: Swing for singles.” Forget the homerun superstars. In Ordinary People, Extraordinary Wealth money manager Ric Edelman has another metaphor: “You’re not in a horse race. You’re playing horseshoes ... merely being close is good enough to win … If successful investors know they can’t pick the right horse, what do they do? Simple: They pick every horse.” Here’s why: Even if you’re starting with a small portfolio of three low-cost no-load index funds, for example, one diversified across the Wilshire 5000 stock index, one across the global stock market index and one across the total bond market index, your “bets” will be spread across more than ten thousand specific stocks and bonds in these three index funds

2. Two. Buy “Quality” and Never Sell
Warren Buffett was once asked about his favorite holding period. “Forever,” said the Sage of Omaha, the best time to sell is “never!” Index funds are the perfect long-term hold. If you buy quality companies and index funds with proven long-term track records, you won’t be tempted to sell when the market dips and talking heads on cable news freak out. Trust yourself, just do it. Remember, your most important decision is the up-front buy decision: So pick funds and stocks on the assumption you will never sell! One of our “Lazy Portfolios” was built by a guy who bought the first index fund in 1976 and still has it. If you had invested $10,000 in that fund back then it’d be worth over $200,000 today.

3. No Market Timing, No Active Trading

Markets are random and unpredictable says Wharton economist Jeremy Siegel in his classic, Stocks for The Long-Run. Siegel researched the stock market’s 120 biggest up and biggest down days between 1801 and 2001. He concluded that only 25% had any rational explanation. In an earlier study of 66,400 investors, behavioral finance professors Terry Odean and Brad Barber concluded: “The more you trade the less you earn.” Buy-and-hold investors beat traders by substantial margins. The most active traders turned over their entire portfolios 258% annually, but their after-tax returns were only 11.4%. The reason: Active traders lose large sums paying higher expenses, transaction costs and taxes. In contrast, buy-and-hold investors turned their portfolios over a mere 2% annually, generating 18.5% returns. That’s 50% higher.

4. Trust the Explosive Power of Compounding

Albert Einstein put it very simple: “There is no greater power known to man than compounding interest.” Compounding is more powerful than nuclear energy. A 25-year-old can put roughly $3,000 in an IRA every year and with ten percent average returns retire a millionaire at 65. A 45-year-old can do it by maxing out their 401(k) with $1,250 a month. Notice the explosive power: At 65 most of your million dollar retirement portfolio will be in the growth of your savings. For example, the 25-year-old will have invested only $120,000 over 40 years, the rest is compounded interest and appreciation!

5. If You’re Not Saving 10%, You’re Spending Too Much
In The Millionaire Next Door, Tom Stanley and Bill Danko tell us of the one habit all millionaires share: “Frugality: They live well below their means … The opposite of frugal is wasteful. We define wasteful as a lifestyle marked by lavish spending and hyper-consumption. … Being frugal is the cornerstone of wealth-building.” The math is so simple: Nothing saved, equals nothing invested, equals nothing for retirement. Start saving at least 10% if you want to retire a millionaire.

6. Keep Investing Very Simple, Then Enjoy Doing What You Love

As the legendary investor Peter Lynch once put it: “If you spend more than 15 minutes a year worrying about the market, you’ve wasted 12 minutes.” In researching 5,000 millionaires for Ordinary People, Extraordinary Wealth, Edelman discovered that they spend an average of about six minutes a day on personal finance. They don’t waste time watching cable news, reading brokerage reports, attending seminars, studying stocks tables, subscribing to financial newsletters, and reading financial newspapers. Six minutes a day, that leaves them 23 hours, 54 minutes every day to do what they really love!

So when you’re ready, step up to the plate and play ball! Or pitch horseshoes. Whichever you prefer. Learn how America’s laziest investors can get on the road to a million dollar nestegg. And remember, have fun along the way and don’t spend a lot of time on investing. There are far more important things in life, not just a career that turns you on, but your loved ones, family, socializing, hobbies, movies, sports, making the world a better place … you know, ordinary, everyday living stuff.

And if you want more details, check our book, The Lazy Person’s Guide to Investing.