Wednesday, September 5, 2012

Tuesday Tweets: September 4th, 2012 ? 6400 Personal Finance

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Here it is, yet another addition of Tuesday Tweets. ?How bad could it possibly get?

Not an auspicious start. ?Even the budget-obsessed will tell you that this isn?t ?new.? ?Not that anything new would do you anything good if you can?t even grasp the fundamental skills that have been known for generations. ?Does spend less than you earn ring a bell?

Apparently the idea is to turn our economy into a New Deal-esque mecca of auto workers and public school teachers. ?Sure, small businesses are cute and all, but we?d rather you just stay in the classroom from age six until you can retire with a pension (funded by taxes on your co-workers and the guys at the Ford assembly line), Social Security and Medicare. ?No need to go out on your own and take some risk by trying to make life better for anyone, that is just unnecessary when the government is here to help from cradle to crave.

Speaking of teachers let?s talk quality control for a minute. ?You?ve all seen the statistics that put in numerical terms just how dumb the nation?s children (18 and under) are. ?Personally I?d like to put the 30-50 crowd through the same tests and see how they do. ?In any case its clear that our education system is dropping the ball and part of that blame lies with some crappy teachers. ?Yes the teacher unions and moronic parents bear responsibility as well but the fact remains that we as a society entrust teachers with the duty of showing little Johnny where Iraq is on the map and?they are failing miserably at that. ?So if we assume that the educational and certification processes that we have in place for teachers right now are worth anything then we can also assume that some aspiring educators were turned away for sucking more than everybody else who applied. ?If we increase the number of teachers, regardless of how much more public/private gets spent on educating them, we are still faced with trying to recruit from an already less than ideal pool of candidates. ?Quality matters people: one good teacher can wipe the floor with five bad ones any day of the week (at 1/5 the cost).

Historically the tech-heavy index tends to outperform the stodgy DOW and the S&P 500. ?That said the eternal investing rule applies: do your own due diligence (or just buy Apple like everybody else).

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Source: http://6400personalfinance.com/2012/09/04/tuesday-tweets-september-4th-2012/

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