Good Debt - Yen Carry Trade - Part I August 2, 2007
Posted by nbeyond in : Out there?, investment, issues , add a commentI did make a comment about debt very beginning in the first post, A simple math and beyond - Does it really work?. In the post, I quoted as
I have reached to the conclusion that there is no good or bad debt. Some define the debt that is tax-deductible to be good and the debt that is non-tax-deductible to be bad. Unless the debt is given to you for example from your parent at a truly zero interest rate, every debt is bad.
According to the quote that assumes conversely that if debt is at zero percent interest rate, the money you borrow is GOOD debt by definition of the quote. Then, the following question is
Who is going to lend you money with no gain (No interest rate)?
nbeyond said to the question in the post: Maybe your family
This means virtually nobody will lend you money for no gain. This is wrong. In Japan, there is no interest rate if you put your money in your saving account. The banks will just hold your money and not return any gain for your deposit. This means if you put your money, in this case Japanese Yen, in the bank, you automatically lose your money as time goes on. This makes Japanese financial policy very weird. But, this is what has been happening last a couple of years, what’s happening now, and what will happen for some time coming. How long? I’d like to say that nobody knows it.
If you have credit or means to borrow this Japanese Yen, you don’t have to pay any interest at all
In summary, there exists Good Debt by definition for the time that this article is written. On the second thought, you must be stupid if you keep Yen. Is this right?
Sphere: Related Content
Burnt on the road July 16, 2007
Posted by nbeyond in : Out there? , add a commentIt has not been summer like last year until last week. Heading for Strasbourg, France for a weekend journey, my wife and I were on the road continuously heated by intensive summer sun and almost burnt. I already caught cold before the trip and didn’t feel well. Temperature was about 37 degrees by forecast. Assuming cars lined up specially along the construction area, the real temperature inside of my car with no air conditioning could easily be well over 40 degrees.
A stupid idea to drive around 2 pm under this weather but didn’t have alternative due to some reasons. Patience after patience. Finally got there. Didn’t feel like taking any picture on the first day. No French cuisine could cure this heated couple. In fact, badly wanted ice cold German beer could have done it better, but, ended up with French wine. I could just finish a glass of wine while my wife finished the rest of the bottle. Do not remember the name of it.
Cooled down a little bit by AC at the hotel and a nice overnight sleep, I could take some pictures of this beautiful city.
Sadly, on the way back home, the driving condition was even worse, and this driving under one hot summer day was the closer for our weekend journey.
Sphere: Related Content
Stand out from the crowd! What for? July 11, 2007
Posted by nbeyond in : Out there?, blogging, tips , 2commentsI happened to read one post at binary blog, one of the nice blogs among many. To get to the point, I like that article, but, I didn’t like it very from the beginning. This turned out to be my fault.
Like always, the bold sub-titles in the post catch my eyes. The article was not an exception.
- Lack of focus
- Irregular posting schedule
- No social aspects
From the bold sub-titles, this exactly sounds like ones in the major blogs. Naturally my first thought about the article without reading fully was
Isn’t this another blog telling me the things that I gotta be to stand out from the crowd?
In fact, I was quickly getting tired of some major blogs saying Stand Out in the name of success. Because these major bloggers are so BOLD enough to catch my attention, I saw myself keep reading post by post to be a successful blogger. But, after all, it’s all same thing called marketing.
Enough is enough. (Sorry, I made this sentence bold)
Overwhelmed by so many articles in bold, I have almost forgotten that this is not my primary job and this is just started as a hobby, because I am interested. Why not let’s just walk away from them and do whatever originally I thought to be enjoyable?
Back to the post at binary moon, Ben was talking about our ordinary nature that most bloggers have. Unlike the three bold sub-titles, he is talking about something totally opposite but most of us have. The very reason why most bloggers started their own blogs in the Internet.
Frankly, I am not interested in video games, Harry Potter stuff, or others that Ben likes for his hobby or job. But at least I have something common through his article in doing blogging. Thanks a lot for reminding me and your wordpress theme, regulus.
Sphere: Related Content