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Re: Subpoena [Received subpoena, how to proceed?]

You should contact the attorney handling the case. Many states have rules that prohibit attorneys from serving a subpoena that compels that production of documents without proper "notice" to the opposing attorney or unless appearing for deposition or trial. However, federal procedure and r...
by Bustoff
Sat Oct 25, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Subpoena [Received subpoena, how to proceed?]
Replies: 12
Views: 1383

Re: Keep My 50/50 AA -- but modify the pieces

Bertilak - Thank you for your post. Average duration for Total Bond Fund is 5.6 years vs. Inter-Term Bond Index duration of 6.5 years. Hmm, the difference in duration doesn't seem significant enough to push it into "high risk". Number of bonds is 7584 for TBM vs 1590 for Inter-Term Bond In...
by Bustoff
Fri Oct 24, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Keep My 50/50 AA -- but modify the pieces
Replies: 17
Views: 1135

Re: Hedge CDs with long-term Treasurys?

Depending on how much you're planning on buying, I would think EE Savings Bonds would look more appealing for an individual U.S. investors at today's rates. The fact that the EE Savings Bonds are guaranteed to double in 20 years means if you hold onto them for that length of time your effective rat...
by Bustoff
Fri Oct 24, 2014 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Hedge CDs with long-term Treasurys?
Replies: 8
Views: 658

Re: Should I Sue?

karpems wrote:We needed to move it out and rent a storage unit for the time being.


Be careful with winter approaching. Mice have a way of finding there way into things like that. :shock:
by Bustoff
Fri Oct 24, 2014 9:30 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 2946

Re: Should I Sue?

1) I would not hire an attorney, you can do this on your own. see (3) below. 2) Call your state's Department of Insurance and confirm what you are being told by your insurance provider. Hard to believe that rain leaking from the garage roof would come under the heading of a natural disaster (flood)....
by Bustoff
Fri Oct 24, 2014 8:17 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 2946

Re: How does one hedge against deflation?

Simplegift wrote:High-quality bonds, preferably Treasuries ...


Interesting in that William Bernstein has recommended short, high-quality bonds as an inflation hedge.
by Bustoff
Mon Oct 20, 2014 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: How does one hedge against deflation?
Replies: 52
Views: 3834

Re: Help me choose... [Retirement withdrawal strategy]

Retiree here... Just finished reconfiguring my portfolio for the next 30 years having just turned 65. SS and SPIA's will cover my "basic" needs (about 60% of current expenses). I am withdrawing about 3.5% of our portfolio annually to support the balance of our current expenses. Bernstein'...
by Bustoff
Mon Oct 20, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Help me choose... [Retirement withdrawal strategy]
Replies: 12
Views: 1272

Re: Attorney Hourly Rates?

Recently had to get a regular lawyer to do some routine research stuff for me. ... me and neighbors were concerned about our subdivision, pending changes in covenants/deed restrictions, also some rumors from the subdivision expanding nearby. Also some questions on easements, street right-of-way des...
by Bustoff
Sun Oct 19, 2014 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: New case of Ebola in U.S.: Is it the latest market headw

Yes, it's a problem for the market.
Have you seen airline stocks lately. They are descending so rapidly that the oxygen masks have deployed.
by Bustoff
Wed Oct 15, 2014 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: New case of Ebola in U.S.: Is it the latest market headwind?
Replies: 13
Views: 1298

Re: Headed for a 300+ point loss today?

The 10 Yr is below 2%.

After all the anxiety over bond funds, who would have thunk. :oops:
by Bustoff
Wed Oct 15, 2014 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 430
Views: 28472

Re: Invested Windfall and Now Market Is Down

You don't monitor the changing value of your home from one month to the next, right?
Why is that?
It's because you can't sell your home with the click of a mouse.
by Bustoff
Tue Oct 14, 2014 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invested Windfall and Now Market Is Down
Replies: 34
Views: 4910

Re: Thoughts on getting out [of job]

At 59, I absolutely hate my job. I am fraught with anxiety and dread ( most of this is in my own mind but psychological counseling has had only minimal benefit). I am not sleeping, am agitated, worry incessantly and want to go. After years of careful planning, am I ruining the scenario? The self ap...
by Bustoff
Tue Oct 14, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 37
Views: 4977

Re: Dry Powder, When to Start Value Averaging In?

Nearly 55, most likely will be retiring in less than a year. My question, looks like I will have 50 to maybe 100K after tax money that I'd like to put somewhere. Emergency fund is covered, won't need the money for a year or two, possibly more. Before this minor correction I was hanging on for anoth...
by Bustoff
Tue Oct 14, 2014 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Dry Powder, When to Start Value Averaging In?
Replies: 23
Views: 2210

Re: Taxable Investment Acct - Cost Basis

The default is First-In, First-Out, and that's right in there in the IRS publications, so that's what the IRS will use if you do not specifically id the shares sold. When you fill out your tax return, you have to put the Date Acquired for the shares whether you specifically ID them or not. You also...
by Bustoff
Sun Oct 12, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxable Investment Acct - Cost Basis
Replies: 9
Views: 786

Re: Stable Income Fund vs. Total Bond Market

joe8d wrote:I would vote for all Stable Value at this time.

+1
by Bustoff
Sun Oct 12, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2184

Re: Best town I've never heard of [for relocating]

joe8d wrote:I know that Amherst, NY is on that MONEY list.

+1
But the property taxes are rough.
by Bustoff
Sun Oct 12, 2014 11:42 am
 
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 97
Views: 9682

Re: Taxable Investment Acct - Cost Basis

If using ACB, then you are forced to use FIFO to designate the shares you sold. You cannot specify which shares you are selling if you use ACB. If you use ACB, you always are selling the oldest shares purchased. All these sentences say the same thing. If you have never sold any shares of this fund ...
by Bustoff
Sun Oct 12, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxable Investment Acct - Cost Basis
Replies: 9
Views: 786

Re: Draw down taxable saving first?

This recent Morningstar article may help. It was part of a series of articles this week on retirement. For retirees tapping their assets... Regards, Bustoff That article in interesting, but it keeps saying that there is some sort of problem with withdrawing from taxable because it's typically in mo...
by Bustoff
Sat Oct 11, 2014 11:17 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 38
Views: 2439

Re: Why not 100% Stocks?

What's your point? Even those with significant parts of their portfolios in bonds won't argue that bonds will outperform stocks over the long term. And yes, YTD bonds have outperformed. But over the past 12 months stocks have outperformed bonds by more than double. And even that means absolutely no...
by Bustoff
Sat Oct 11, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20575

Re: Why not 100% Stocks?

Vanguard Total Bond fund has pulled ahead of Total Stock for the year. Just sayin.

YTD as of 10/09/2014
Total Bond Fund ... 5.23%
Total Stock Mkt ... 3.11%
by Bustoff
Fri Oct 10, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20575

Re: Draw down taxable saving first?

I plan to retire in 2 years. I will have to start using savings to fund retirement. Does it make sense to draw down taxable savings first? Most of mine in in TSM and Vanguard International. tadamsmar, This recent Morningstar article may help. It was part of a series of articles this week on retirem...
by Bustoff
Fri Oct 10, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 38
Views: 2439

Re: Why not a portfolio of equity index funds and CD's?

...Wade Pfau and Michael Kitces presented some research findings that suggest in overvalued environments Treasury Bills are superior to bonds... And since I don't think there's a way to know that we're in an "overvalued environment" while we're in one, I think that's the same as saying &q...
by Bustoff
Mon Oct 06, 2014 11:32 am
 
Forum: Investing - Theory, News & General
Topic: Why not a portfolio of equity index funds and CD's?
Replies: 27
Views: 2645

Re: Hyundai vs. Toyota

Consumer reports gave the Honda Accord a score of 90, Hyundai Sonata a score of 89 and Camry a score of 88. All were 4-cyl.

However, the Camry Hybrid scored a 93 and the Camry XLE (V6) scored a 92.
by Bustoff
Mon Oct 06, 2014 10:15 am
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4687

Re: Why not a portfolio of equity index funds and CD's?

Wade Pfau and Michael Kitces presented some research findings that suggest in overvalued environments Treasury Bills are superior to bonds. Notably, the results also show that in overvalued environments, using stocks and Treasury Bills is actually superior to using a more traditional stock/bond port...
by Bustoff
Mon Oct 06, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Why not a portfolio of equity index funds and CD's?
Replies: 27
Views: 2645

Re: Read too many books... help untangle

So help me untangle all these concepts from folks we all know and love around these parts that are seemingly contradictory. The secret to successful investing is not about determining which author is most convincing. Success in investing comes from eliminating the big mistakes. So lets start with e...
by Bustoff
Mon Oct 06, 2014 9:16 am
 
Forum: Investing - Theory, News & General
Topic: Read too many books... help untangle
Replies: 48
Views: 3948

Re: What Movie Have You Recently Watched?

"Trance" ... the movie was OK but what I loved was they played a song I had not heard since I was a child.

Chanson D'Amour
by Bustoff
Sun Oct 05, 2014 1:10 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 131
Views: 6665

Re: Why not 100% Stocks?

Why not 100% Stocks?

Look... why take a chance? At least, that's the way I feel about it.
Remo Gaggi
by Bustoff
Sun Oct 05, 2014 1:07 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20575

Re: I am surely doing something wrong (FireCalc question)

You are aware the default portfolio for FireCalc is 75% equities and the long interest rate for fixed income ?
by Bustoff
Sat Oct 04, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 3985

Re: Buffett Has 100% Equities in his Pensions Funds

I thought this was the more interesting remark from Buffett: "If interest rates were 10%, all of our stocks would be worth less." Buffett said then that with interest rates near 0%, all assets were worth more. "Every asset, at present value, is worth the cash it will return before its...
by Bustoff
Sat Oct 04, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett Has 100% Equities in his Pensions Funds
Replies: 39
Views: 2709

Deadly airbag recall

For Bogleheads who buy used cars, just a reminder to exercise caution if you are considering the purchase of a used Honda or Toyota product, especially those made between 2001 and 2006.

The list has been expanding.
Takata airbag recall
by Bustoff
Sat Oct 04, 2014 2:20 pm
 
Forum: Personal Consumer Issues
Topic: Deadly airbag recall
Replies: 3
Views: 576

Re: Best place to park my emergency funds

I keep mine in a storage unit. http://i55.photobucket.com/albums/g155/emmasdadwsca/4E683D75-AB6F-4A70-BEE5-6019D9EF9E18-4707-000004A15A81B826.jpg Sorry couldn't resist. I use an online savings account for short-term needs. Check out depositaccounts where you can find the best deals for CD's, online ...
by Bustoff
Thu Oct 02, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best place to park my emergency funds
Replies: 16
Views: 1887

Re: Fidelity Offers A Round-Trip to Europe for New Account

I'm not flying anywhere.
Not gonna do it. na ga da.
by Bustoff
Thu Oct 02, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Offers A Round-Trip to Europe for New Account
Replies: 26
Views: 3073

Re: Buying more when markets are down

The Wizard wrote:Good thread.
Should I start putting $$ in my Extended Market fund NOW, or wait for it to go lower?
(How LOW can you GO???)


You're retired and don't need the small change. Go big or go home.
I say wait for the "Death Cross".
by Bustoff
Wed Oct 01, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5156

Re: Buying more when markets are down

Why limit the opportunity to a RBD (really bad day) when you can take advantage of a RBY (really bad year)?


http://chart.finance.yahoo.com/z?s=%5eGSPC&t=1y&q=l&l=on&z=l&c=GLD&a=v&p=s&lang=en-US&region=US
by Bustoff
Wed Oct 01, 2014 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5156

Re: I picked up a penny today...

... The copper in the pre-1982 pennies is worth about 2 cents depending on the commodity value of the copper, so they hope to double their money once the penny is abolished (since it is illegal to melt down pennies now). In the early part of his book Boomerang, Michael Lewis interviews Texas hedge ...
by Bustoff
Tue Sep 30, 2014 6:07 pm
 
Forum: Personal Consumer Issues
Topic: I picked up a penny today...
Replies: 20
Views: 1958

I picked up a penny today...

... and thus earned more money than $10,000 earns in VMMXX over two days. :)
by Bustoff
Tue Sep 30, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: I picked up a penny today...
Replies: 20
Views: 1958

Re: Why not 100% CD's?

If you want to reduce your risk, first examine whether your portfolio w/ 0% real return can support your expected expenses. If it can, go for it! That sums up all you ever need to know about investing. Risk is the intentional interaction with uncertainty. More risk = more uncertainty Less risk = le...
by Bustoff
Sun Sep 28, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

That's interesting. Thanks for that information.
I recall Larry Swedoe recommending that one should gain 20 extra basis points in yield for each additional year.
No idea if that rule of thumb works for CD's.
by Bustoff
Sun Sep 28, 2014 10:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

If you want to reduce your risk, first examine whether your portfolio w/ 0% real return can support your expected expenses. If it can, go for it! That sums up all you ever need to know about investing. Risk is the intentional interaction with uncertainty. More risk = more uncertainty Less risk = le...
by Bustoff
Sun Sep 28, 2014 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

My current AA is 30/70. OK, so same as mine. Have you evaluated your risk tolerance in terms of ability, willingness and need to take risk? Using that framework, your posts make it sound like like your willingness to take risk may be decreasing. It also seems that perhaps you don't have the need to...
by Bustoff
Sat Sep 27, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

The cumulative rate of inflation from 1970-1979 was 87.1 % (US Inflation Calculator using Gov't CPI figures) If you're convinced that comparing equity volatility risk to inflation risk is specious for your situation I certainly hope you're right. Guess we'll find out. :happy Well let's be fair. Tak...
by Bustoff
Sat Sep 27, 2014 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

deleted
by Bustoff
Sat Sep 27, 2014 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

What is your current AA? My preference is to make AA changes gradually. Although I now have about 50% of my portfolio in direct CDs, I got here by gradually selling bond funds as rates dropped and prices rose, and using the proceeds to buy CDs. I also have been buying CDs when rebalancing out of st...
by Bustoff
Fri Sep 26, 2014 6:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

I truly appreciate the comments and suggestions. I am really questioning my entire IPS lately. Eliminating as much risk as possible has been the dominating thought. Some of you have pointed out that inflation erodes purchasing power. I think equating inflation risk to equity risk is a specious propo...
by Bustoff
Fri Sep 26, 2014 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

If there is a hyperinflation or a lengthy period of high inflation, it is unlikely that you will be compensated for your loss of purchasing power by rising interest rates, especially after tax effects. A reasonable proportion of your assets in gold would probably help in that situation, which is no...
by Bustoff
Fri Sep 26, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246

Re: Why not 100% CD's?

staythecourse wrote:Either one chooses volatility on one side (100% equity) or inflation risk (100% fixed income) on the other side or some point in between.

Good luck.


I agree. Which choice poses more risk in distribution portfolio?
by Bustoff
Fri Sep 26, 2014 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not 100% CD's?
Replies: 73
Views: 5246
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