MMM-078: It’s a Sucker’s Game

Jim Cramer says active trading is “a sucker’s game.” More about the Tax-Loss Tango. Soccerhead and American soccer mania. The mathematical formula for happiness = S + C + V. Mark Hebner explains Step 9.

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Cramer says active trading is “a sucker’s game.”
More discussion about the “Tax-Loss Tango”
Fantastic book: Soccerhead by Jim Haner, explains why I never heard much about soccer when growing up. Do you realize that today more kids play soccer than baseball?
Go Women’s National Team!
I found the mathematical formula for happiness and it is this H = S + C + V. Happiness equals your happiness Setpoint plus your Conditions plus your Voluntary actions.
We need a compendium (say, a Wikipedia article) of all songs that have whistling in them!
Our Guru explains how investing is like amateur tennis and golf. Just avoid mistakes. He says day trading is a “sucker’s game.”
Mark Hebner explains Step 9: History and why we need to understand how markets have performed over the long term.
Be sure and get back here quickly next Tuesday for show 79! A very special interview with my FAVORITE podcaster.

Music from music.podshow.com:
ALTA PLAZA – XRAY DOGS
Loser – Daiki
Happiness Is Like A Kiss – Mike McGill
Brand New Sucker – Jonathan Coulton
Loser – Comeg

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Wed, September 12 2007 » Podcasts

One Response

gamerun September 17 2007 @ 3:57 am
Hi Paul,

Outside the scope of the show? Maybe so, I’ll try word the question in a fashion that will lure you in…

I’ve taken my old 401k from a previous employer and changed it to a roll over IRA with a well known online broker. I have more investing options with this broker’s funds than compared to the few funds at the old 401k broker.

The roll over IRA is around 25K and I’m in my early 30’s. Is it worth while to convert it into a Roth? I’m not looking forward to the tax hit. I’m kick’n around the idea of partial conversions each year, so that I wouldn’t be bumped to far into surrounding tax brackets. I think I may need some tool that compares the tax-hit-tax-free-growth compared to untaxed-growth-tax-hit.

Wow, I don’t think I did a good job of luring you into that one.

Thanks for the link to the “alternative to ifa indexfolios” a few shows back. I’ve used the iShares and Vanguard portfolios as a starting point to search for similar low cost & fee ETFs and Funds. I also set myself free last week, dumping the last of my stocks, and am now in all funds. I feel fine.

Keep it up,
Ryan

Mad Money Machine