May 5th, 2003 - Open Knowledge
May. 5th, 2003
Strange encounter: the real policeman declined to be named
An Israeli policeman responding to neighbours' complaints about a noisy hen party found himself mistaken for the main attraction.
The rowdy women had ordered a male stripper dressed as a policeman and, thinking the stripper had arrived, began trying to undress and caress him, ignoring his protestations.
One of the partygoers "took off my shirt and untied my shoelaces," the officer was quoted as saying by the Yedioth Ahronoth daily.
"She started stroking me and called on her friends to join in."
He showed his police badge, but the women just thought it was part of the act.
The policeman was reportedly only able to extricate himself when his partner called for reinforcements.
The revellers were fined.
Do the Math for You
By JONATHAN CLEMENTS
Staff Reporter of THE WALL STREET JOURNAL
November 24, 2002
If you're going sightseeing, make sure there's plenty to do.
What makes a good personal-finance Web site? Clearly, you want solid information and savvy advice. But you can also get that from books, magazines and newspapers.
Instead, with Web sites, what I particularly look for are slick calculators that can help investors make smarter decisions. At the same time, I also favor instant gratification. Forget plugging in a litany of financial information. I want quick answers. On that score, check out these six calculators:
To see how your retirement-spending strategy would have held up historically, go to http://www.early-retirement.org/. The site's calculator will ask you to enter items such as your portfolio's value, what percentage is in stocks, how much you hope to spend each year and how long you think your retirement will last.
To gauge your strategy's likely success, the calculator looks at investment returns since 1871. But the calculator doesn't use average historical rates of return. Instead, it analyzes what would have happened if you retired in 1871, in 1872, in 1873 and so on. It then calculates how often your strategy would have panned out historically.
Suppose you retired with $400,000 invested in a low-cost portfolio of 60% stocks and 40% bonds and were looking to spend $20,000 a year for the next 30 years, with your spending rising each year along with inflation. According to the calculator, that strategy would have succeeded 81.5% of the time. What's success? You died before your portfolio did.
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