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Re: Not your regular retirement questions

> a fund that receives a guaranteed 5%. >I thought that this might help with any stress that I might have waking up in the morning and seeing the stock market tumble 20%. But exactly how is this fund going to survive a market loss of 20%? What are they doing that you cannot do with that enormous amo...
by Bongleur
Wed Dec 18, 2013 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Not your regular retirement questions
Replies: 58
Views: 5731

Re: Family member renting 2nd house. Ok to ignore on tax ret

Pay the HOA yourself. She is a relative who is doing you a favor by living in your second home. Empty houses are at risk of vandalism, theft, and arson. Your insurance is cheaper when it is occupied. If she chooses to give any number of persons up to $13,000 a year each as a gift there is no paperwo...
by Bongleur
Mon Dec 09, 2013 12:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 197
Views: 10617

Re: Help with LEAPs (Long term equity options)

Now its time to use the $30 profits from the long LEAPS and get some SPY Puts at 150...
by Bongleur
Mon Dec 09, 2013 12:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with LEAPs (Long term equity options)
Replies: 27
Views: 3665

Re: Want 18% returns?

Closet & Bill -- read more closely: " If I buy the mortgage from the original lender at a discount, my yield has nothing to do with the interest rate the borrower is paying." Abe is buying say a 8% mortgage note AT A BIG DISCOUNT so that HIS INTERNAL RATE OF RETURN is 14%. The mortgage...
by Bongleur
Sun Nov 17, 2013 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Want 18% returns?
Replies: 43
Views: 6972

Re: Grok Tip 15 You're doing it wrong: Figuring stock/bond s

[OT comments removed by admin LadyGeek]
by Bongleur
Wed Oct 23, 2013 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: Grok Tip 15 You're doing it wrong: Figuring stock/bond split
Replies: 156
Views: 11769

Retirement: 28 is the new 30

NBR reports data from Fidelity (IIRC) talking about how much you need to save per month for retirement starting at various ages. Except the "throwaway" line is "retiring at age 65 and providing enough money to last until age 93." Of course, we all know that the standard is 30 yea...
by Bongleur
Tue Aug 27, 2013 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement: 28 is the new 30
Replies: 20
Views: 3238

Re: Why can't I get a "demand account" at Vanguard?

I already answered that: If the bank burns down the money is accounted for, not lost.
by Bongleur
Sat Aug 10, 2013 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Why can't I get a "demand account" at Vanguard?

I think what I want used to be called a "savings bank." Only allowed to invest in ultra safe things like govt bonds; high cash reserve requirements.

If Treasury Direct had a quick cash-out time it would do.
by Bongleur
Sat Aug 10, 2013 1:58 am
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Why can't I get a "demand account" at Vanguard?

If the bank burns down the money is accounted for, not lost.
by Bongleur
Wed Aug 07, 2013 11:44 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Japan, 1989

>Looks like the trough, in 2002, is 62% below the original stash.
>

No, its 62% OF the original million.
by Bongleur
Tue Aug 06, 2013 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Japan, 1989
Replies: 106
Views: 22355

Re: Why can't I get a "demand account" at Vanguard?

Could probably settle for a contract where the bank charges me for the service of holding & accounting for my cash in safe storage (ie putting it on deposit with the Fed) and I give them 1 day notice for withdrawals above a certain amount.
by Bongleur
Tue Aug 06, 2013 7:13 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Why can't I get a "demand account" at Vanguard?

[/quote]Immediately, three days after the next business day, or eventually?
Keith[/quote]

When I walk up to the teller with a withdrawal slip.
by Bongleur
Thu Aug 01, 2013 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Why can't I get a "demand account" at Vanguard?

"banks are allowed to require several days notice before paying out from other-than-checking accounts" What I want is the variety of checking account that requires them to pay immediately. They have so many weasely, marketing phrases in their types of account names that I' not positive I'm...
by Bongleur
Thu Aug 01, 2013 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Why can't I get a "demand account" at Vanguard?

OK so if Vanguard can't do it because they are not a "bank" then why can't I find a BANK that will do it? >That's good at a high level, but keep in mind that most deposit agreements have a clause similar to this one That sounds like what they usually call a Money Market Checking Account. T...
by Bongleur
Sat Jul 27, 2013 4:14 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Why can't I get a "demand account" at Vanguard?

I define a demand account as an account where the money is NOT actually any sort of loan to the bank. The bank merely administers the safekeeping of my money. A bank failure will not impair my claim to the money in any manner, because the bank (and thus their creditors) has absolutely no claim upon ...
by Bongleur
Fri Jul 26, 2013 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Why can't I get a "demand account" at Vanguard?

Or at any other brokerage or mutual fund company? The only option for keeping your cash or a margin account is a Money Market account -- which is actually a loan to someone. Such loans entail a risk which I might not want to take -- the SEC just issued some guidance on that: U.S. SEC urges money fun...
by Bongleur
Tue Jul 23, 2013 6:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 5781

Re: Spreadsheet for backtesting (includes TrevH's data)

>If you want to separate the spreadsheet technicalities from the users, just start each post with a tag, like **Proposed Update** so that members will know if it's worthwhile to read the post. > Except that when you get an email notification of a new post, you MUST actually click on the URL and go t...
by Bongleur
Sat Jul 20, 2013 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 587
Views: 351509

Re: Spreadsheet for backtesting (includes TrevH's data)

The proper way to extend for future years past 2015 is to insert new year rows between row 147 and 148 and relabel years column in rows 148+. And I guess both $B148 and $B$148 should get incremented automatically in the formula, so yes, probably does not make any difference. Maybe you could add an ...
by Bongleur
Fri Jul 12, 2013 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 587
Views: 351509

Re: "Minimize Fat-Tails" Portfolio Question

That thread doesn't get into the question at all. The lecture I refer to seems to be showing that quite frequently the measures of risk used are actually inappropriate (which curve -- Guassian, Normal, etc) because we can't determine which is correct... so lots of our fundamental basis in thinking a...
by Bongleur
Thu May 09, 2013 11:14 pm
 
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 3184

Re: "Minimize Fat-Tails" Portfolio Question

Taleb has an article questioning the validity of our ability to measure. Comments from those who can follow the math?

Fat Tails and (Anti)Fragility
https://docs.google.com/file/d/0B_31K_M ... edit?pli=1
by Bongleur
Wed May 08, 2013 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 3184

Re: [Really Bad Day] RBD - there is no such thing.

If you invest a sum on a regular schedule, you could certainly have a rule that you will invest each tranche either 30 days from today or on a day when the market has lost at least X% by 3:45PM, whichever comes first.
by Bongleur
Sun Apr 07, 2013 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: [Really Bad Day] RBD - there is no such thing.
Replies: 38
Views: 1574

Re: U.S. stocks in freefall

>but always long term positive slope

Didn't somebody say something about "having reached a permanent plateau" in summer 1929?
by Bongleur
Tue Mar 26, 2013 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 122796

Re: Ways to View Break-even Inflation Rates

>Using IMG_resize

How does making gibberish bigger make it less gibberishy?
by Bongleur
Wed Feb 06, 2013 1:47 am
 
Forum: Investing - Theory, News & General
Topic: Ways to View Break-even Inflation Rates
Replies: 21
Views: 2818

Re: That Frugal Thing You Do

>I sow my socks when they have holes instead of buying new ones

If you sow a black one next to a white one, does it grow :oops: argyle?
by Bongleur
Mon Jan 21, 2013 8:24 am
 
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 500
Views: 95516

Owner's Insurance items for a rental property?

What coverages do you need to have? I don't see why Personal Property is needed since the house is not furnished. What is an appropriate amount of Liability -- it is based on the property value? Should the Replacement Cost be based on tax assessment or market price or cash flow or what? Got my first...
by Bongleur
Thu Jan 17, 2013 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owner's Insurance items for a rental property?
Replies: 0
Views: 151

Re: U.S. stocks in freefall

Are returns high enough to compensate for the RISK of another 40-50% market crash? Do you have a long enough time frame before retirement to RECOVER from another crash?

Can't talk about returns unless you also talk about the risks.
by Bongleur
Wed Jan 02, 2013 8:16 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 122796

Re: Value averaging and MYR -A safer approach to margin?

>401k loans are nasty if one runs into repayment problems.

OTOH, those who don't HAVE a 401k cannot even contemplate this arbitrage. Something is fundamentally wrong with that...
by Bongleur
Sat Dec 29, 2012 12:18 am
 
Forum: Investing - Theory, News & General
Topic: Value averaging and MYR -A safer approach to margin?
Replies: 39
Views: 3502

Re: GLD gold etf is doomed to fail?

Sales taxability differs by state.
by Bongleur
Thu Nov 22, 2012 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: GLD gold etf is doomed to fail?
Replies: 47
Views: 3587

Re: GLD gold etf is doomed to fail?

Russian family about 3-4 miles from us-- very ritzy area. House burned down (richest road in London) and made the national news. Previously burgled for £600k in jewelry and gold. Which is less worrisome than what happens if you are *home* and the burglars want you to show them where your stuff is--...
by Bongleur
Thu Nov 22, 2012 5:53 pm
 
Forum: Investing - Theory, News & General
Topic: GLD gold etf is doomed to fail?
Replies: 47
Views: 3587

Re: GLD gold etf is doomed to fail?

"The mental picture is I am paying for a physical coin in a vault, that physically exists in reality." Might as well visualize a sparkly unicorn instead. Go back to that quote about "subcustodians." British law allows infinite rehypothecation of assets. There are 1001 different e...
by Bongleur
Tue Nov 20, 2012 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: GLD gold etf is doomed to fail?
Replies: 47
Views: 3587

Re: Grok's investing tip #1/10 Take your risk on the equity

I think its time to create a separate subscription thread for notifications of updates in all of the TIP# threads. I get an email from EVERY Tip thread, and have to visit EVERY thread or I won't get any more notifications (from people making comments). Takes more time & bandwidth than it needs t...
by Bongleur
Tue Nov 20, 2012 4:46 pm
 
Forum: Investing - Theory, News & General
Topic: Grok's investing tip #1/10 Take your risk on the equity side
Replies: 113
Views: 23338

Re: Positive real yield on 2013 TIPS

Its a sad, sad day when grocery coupons have a higher yield than US Government paper.
by Bongleur
Mon Nov 19, 2012 9:04 pm
 
Forum: Investing - Theory, News & General
Topic: Positive real yield on 2013 TIPS
Replies: 36
Views: 3870

Re: Problems collecting $$ from Genworth LTC

sunofabitch. Talked to the facility, and that new faster fax number is not a fax number at all. So they went back to the old number...
by Bongleur
Wed Nov 07, 2012 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1005

Re: Problems collecting $$ from Genworth LTC

>they deposit the check monthly into my mom's account, usually the first day of the month. Direct deposit is an option? I'll have to talk to them about that... They say they need the bill from the facility by the 11th of the next month, and if they don't slow it down the check comes by the end of th...
by Bongleur
Wed Nov 07, 2012 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1005

Re: U.S. stocks in freefall

I was hoping for some change, but today is the same as yesterday... next year gonna be the same as this year...
by Bongleur
Wed Nov 07, 2012 2:39 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 742
Views: 122796

Re: Problems collecting $$ from Genworth LTC

I'm wondering if the cost of the back office operations is shared with the mortgage business.
by Bongleur
Wed Nov 07, 2012 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1005

Problems collecting $$ from Genworth LTC

Anyone else recently experiencing problems getting your monthly reimbursement money from Genworth Long Term Care Insurance? Since approx July I have been getting the runaround about why they are not sending reimbursements on time. They are also backdating letters to the care facility asking for extr...
by Bongleur
Tue Nov 06, 2012 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1005

Re: Tax cost of rebalancing: strategy to minimize

You keep trying to deny what I stipulated. People can pay all their expenses from pension & SS; investment therefore accumulates. Trust funds might be required to accumulate. Plenty of elderly never created IRA accounts. I'm sick & tired of people who insist that tax advantaged accounts are ...
by Bongleur
Mon Oct 22, 2012 9:13 pm
 
Forum: Investing - Theory, News & General
Topic: Tax cost of rebalancing: strategy to minimize
Replies: 17
Views: 1142

Re: Tax cost of rebalancing: strategy to minimize

>If one is accumulating, they can contribute to some form of tax-advantaged space, even if it is a non-deductible IRA.

Don't you need to contribute from Earned Income?
by Bongleur
Mon Oct 22, 2012 5:53 pm
 
Forum: Investing - Theory, News & General
Topic: Tax cost of rebalancing: strategy to minimize
Replies: 17
Views: 1142

Re: Tax cost of rebalancing: strategy to minimize

While it's great to try and come up with original ideas, your plan is based on faulty interpretations of the tax code, a faulty premise (zero tax advantaged space yet in the accumation phase), and relies on knowing the direction of the market over the next 3-6 months. Wash rule is just a detail aff...
by Bongleur
Mon Oct 22, 2012 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Tax cost of rebalancing: strategy to minimize
Replies: 17
Views: 1142

Re: Tax cost of rebalancing: strategy to minimize

>All the wash sale rule does is disallow taking a loss. If you sold for a gain, you could buy the holding immediately. The scenario is that the equity fund is still going down. But I don't know how the wash rule works with specific shares. The share you buy as a rebalance have gone down, but you wan...
by Bongleur
Mon Oct 22, 2012 3:23 am
 
Forum: Investing - Theory, News & General
Topic: Tax cost of rebalancing: strategy to minimize
Replies: 17
Views: 1142

Re: Grok's Tip #12: "Press on, regardless" [of the past 5 ye

Speaking of the last 5 years... has anyone run the numbers on a rebalance strategy with 5% bands? How many times would a 50:50 investor in say TSM : 5 Yr Treasuries have rebalanced in each year from 2007 to date? I don't have time right now (just did two unexpected plumbing jobs in the last several ...
by Bongleur
Mon Oct 22, 2012 2:31 am
 
Forum: Investing - Theory, News & General
Topic: Grok's Tip #12: "Press on, regardless" [of the past 5 years]
Replies: 42
Views: 5089

Re: Grok's Tip #12: "Press on, regardless" [of the past 5 ye

>annualized volatiliy drifted upward from 20 to 35. ... So one might describe this slight increase in volatility

Sounds like a whole lot of increase; should state in terms of change in Standard Deviation to judge degree.
by Bongleur
Sat Oct 20, 2012 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Grok's Tip #12: "Press on, regardless" [of the past 5 years]
Replies: 42
Views: 5089

Re: Tax cost of rebalancing: strategy to minimize

What do you mean "no wash sale rule for cap gains?" Can you avoid it by selling specific shares?

Retired people with a 50:50 allocation don't have much new money.
by Bongleur
Sat Oct 20, 2012 12:40 pm
 
Forum: Investing - Theory, News & General
Topic: Tax cost of rebalancing: strategy to minimize
Replies: 17
Views: 1142

Tax cost of rebalancing: strategy to minimize

Not everyone has their money in tax-deferred accounts. Hitting a 5% rebalancing band can result in a significant capital gains tax when you sell the shares to make the swap. How half-baked is this strategy to minimize taxes: Suppose equities are down and you need to sell from your bond fund to make ...
by Bongleur
Sat Oct 20, 2012 5:56 am
 
Forum: Investing - Theory, News & General
Topic: Tax cost of rebalancing: strategy to minimize
Replies: 17
Views: 1142

Re: Grok's Tip #12: "Press on, regardless" [of the past 5 ye

Munger & Warren are stock pickers. How does that advice relate to index investing?

At age 81, Capital Preservation trumps "diversifying."
by Bongleur
Wed Oct 17, 2012 7:33 pm
 
Forum: Investing - Theory, News & General
Topic: Grok's Tip #12: "Press on, regardless" [of the past 5 years]
Replies: 42
Views: 5089

Re: Grok's Tip #12: "Press on, regardless" [of the past 5 ye

>you don't cut and run regardless of which risks haven't paid off lately.

Spoken like an early accumulator!
by Bongleur
Wed Oct 17, 2012 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Grok's Tip #12: "Press on, regardless" [of the past 5 years]
Replies: 42
Views: 5089

Re: Grok's Tip #12: "Press on, regardless" [of the past 5 ye

>5) Which means of course that, rationally, investors should have shifted money from bonds to stocks over the past 5 years. Instead the opposite has happened. > So if the market is efficient then the correct thing to do is follow the market and stay away from equities. The PE10 is still too high, as...
by Bongleur
Wed Oct 17, 2012 1:00 am
 
Forum: Investing - Theory, News & General
Topic: Grok's Tip #12: "Press on, regardless" [of the past 5 years]
Replies: 42
Views: 5089

Re: Long Term Care (LTCi): Should we get it? Ways to cut cos

Did they promise a non cockroach infested or rat free LTC facility for you? Is that in the writing? They don't pick the facility, they just have to give you up to $5000 a month to pay for it. The question is about solvency, not care quality. *** "Long Term" means "years" due to ...
by Bongleur
Sat Oct 13, 2012 1:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Care (LTCi): Should we get it? Ways to cut cost?
Replies: 54
Views: 4384

Re: Long Term Care (LTCi): Should we get it? Ways to cut cos

> The new quote for me is $3,603 365 day elimination period. Includes 100% home care, but only after the 365 day elimination period. Note: If I eliminate the 365day elimination period for home care only, the quote goes up to $4,413. > Realistically, I think that you will desire "partial" h...
by Bongleur
Thu Oct 11, 2012 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Care (LTCi): Should we get it? Ways to cut cost?
Replies: 54
Views: 4384
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