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Re: Wall Street Journal Subscription Increase

After dealing with this problem a number of times I now pay all my subscriptions by check (I don't do direct debit).

It's a little bit more trouble because I have to write a check, get a stamp and mail it. But it put an end to my problem of getting automatically renewed at a much higher rate.
by DetroitRed
Fri Jul 25, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wall Street Journal Subscription Increase
Replies: 29
Views: 2356

Re: Poll - Do You Read Businessweek?

It's gotten much better since Bloomberg bought it. Bloomberg has the largest news staff in the world and employs many very good business reporters. The other business pubs like Fortune and Forbes do fewer articles that require reporting (because they've had to cut staff). Businessweek has at least 3...
by DetroitRed
Fri Jul 18, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Poll - Do You Read Businessweek?
Replies: 30
Views: 2235

Re: Credit Default Swaps - soon available to retail investor

A word of caution from Bloomberg: http://www.businessweek.com/articles/2014-05-29/beware-of-exotic-etfs-bearing-credit-default-swaps Bloomberg seems to see CDSs as only being useful to day traders (in fairness to them, that's the primary ProShares user). I see them as doing a lot of the same things...
by DetroitRed
Sun Jun 01, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Default Swaps - soon available to retail investors
Replies: 14
Views: 1513

Credit Default Swaps - soon available to retail investors

Retail investors will soon be able to invest in ETFs tied to the main credit default swap (Markit) indexes. See - http://www.etftrends.com/2014/05/proshares-readying-credit-default-swap-etfs/ I'll be interested to see whether this becomes a recommended part of may recommended asset allocations. CDSs...
by DetroitRed
Sun Jun 01, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Default Swaps - soon available to retail investors
Replies: 14
Views: 1513

Re: preventing rust on car exhaust system

By driving short distances you do not burn off the water vapor inside the muffler and it will rust through. By therefore driving a longer distance you will burn off the water vapor inside the muffler and pipes. It`s very simple. This was mentioned earlier in the thread too. I think it makes an enor...
by DetroitRed
Fri Jan 31, 2014 12:06 pm
 
Forum: Personal Consumer Issues
Topic: preventing rust on car exhaust system
Replies: 28
Views: 1967

Re: How to achieve a 10% allocation in REITs

Also, remember that the TSP stock funds hold REITs (though they hold market weightings which are less than 10%), so you already have assets in REITs.
by DetroitRed
Fri Jan 31, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to achieve a 10% allocation in REITs
Replies: 11
Views: 899

Re: Anyone buying extra $5000 I Bonds through tax refunds

For the last several years I've made an estimated tax payment using Form 1040-ES by Jan 15th to bump up my refund to a bit over $5,000.

Then I file as early as possible after I get all my 1099s.

Works like a charm and gets me $5,000 of paper I Bonds.
by DetroitRed
Sun Jan 12, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone buying extra $5000 I Bonds through tax refunds
Replies: 31
Views: 1805

Re: buy I-bonds now or wait after May 1?

@ current 0.2% fixed you still have a negative real return upon withdrawal (after tax). It makes a ton of sense to me to wait to see if you can get at least to a break-even point. All of my 0% fixed iBonds will be used in the next few years for big purchases (house, new car, etc) I really dont want...
by DetroitRed
Thu Jan 09, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: buy I-bonds now or wait after May 1?
Replies: 50
Views: 9378

Re: buy I-bonds now or wait after May 1?

I'll make an additional estimated federal tax payment before 1/15/14 so that I can buy $5,000 of paper I bonds using IRS Form 8888. Per Mel's Nov 2013 Forbes column, this will again be an option for the 2013 tax year -- http://www.forbes.com/sites/thebogleheadsview/2013/11/04/back-door-method-for-ge...
by DetroitRed
Wed Jan 08, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: buy I-bonds now or wait after May 1?
Replies: 50
Views: 9378

Re: The Global Multi-Asset Market Portfolio 1959-2012

Thanks for posting the clarifications, Laurens.

I don't have any good ideas for a historical real estate data source, but will let you know if something feasible comes to mind.
by DetroitRed
Tue Dec 17, 2013 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: The Global Multi-Asset Market Portfolio 1959-2012
Replies: 9
Views: 1078

Re: The Global Multi-Asset Market Portfolio 1959-2012

Doeswik, Lam and Swinkels go on to say We use the market capitalization of the GPR General PSI Global Index (GPRGLES) to backfill the period 1984-2005, as well as to fill the period 2007-2012. Here we use the 2006 estimate of USD 4.0 trillion as a starting point. Subsequently we use percentage chan...
by DetroitRed
Mon Dec 16, 2013 7:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Global Multi-Asset Market Portfolio 1959-2012
Replies: 9
Views: 1078

Re: The Global Multi-Asset Market Portfolio 1959-2012

Will try to remember to look at this when it gets published.

Very interested to see what their sources are for the global asset class returns back to 1959.

Global real estate return data back to 1959? Definitely not familiar with that source.
by DetroitRed
Mon Dec 16, 2013 4:38 pm
 
Forum: Investing - Theory, News & General
Topic: The Global Multi-Asset Market Portfolio 1959-2012
Replies: 9
Views: 1078

Re: Spirit Air?

VictoriaF wrote:Do they charge for turning the reading light on?

Victoria


Don't give them any ideas for new fees!
by DetroitRed
Tue Dec 10, 2013 6:26 pm
 
Forum: Personal Consumer Issues
Topic: Spirit Air?
Replies: 33
Views: 1883

Re: New PenFed CD rates!

Re: Early withdrawal penalty Keep in mind that you can deduct the CD early withdrawal penalty on your federal tax return, even if you don't itemize (it's an "above the line" deduction). Last year it was line 30 on the Form 1040. You should take this into account when calcing how much in in...
by DetroitRed
Mon Dec 02, 2013 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 35797

Re: PenFed pulls a "fast one"

It does illustrate the disadvantage of getting credit card points back instead of cash.

More and more credit cards are moving away from giving cash back because a point system can be surreptitiously devalued.
by DetroitRed
Tue Nov 26, 2013 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed pulls a "fast one"
Replies: 8
Views: 2436

Re: Historic Small Cap Returns May be Inflated

The main database for historical US stock returns is CRSP which has NYSE stocks back to 12/31/25. The American Stock Exchange (AMEX) was not covered by CRSP until 07/31/1962. It used to be difficult to get an NYSE listing, so many small caps were listed on AMEX. Therefore the historical small cap r...
by DetroitRed
Mon Nov 18, 2013 12:32 pm
 
Forum: Investing - Theory, News & General
Topic: Historic Small Cap Returns May be Inflated
Replies: 15
Views: 1402

Re: WSJ lists global PE10

I agree with the observation that comparisons are not applicable when the accounting standards are different. When accounting standards are different, how can you compare P/E ratios? I don't know anyone who does this. Someone could theoretically standardize the earnings numbers to make them compara...
by DetroitRed
Mon Nov 18, 2013 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ lists global PE10
Replies: 10
Views: 1121

Re: Historic Small Cap Returns May be Inflated

The main database for historical US stock returns is CRSP which has NYSE stocks back to 12/31/25. The American Stock Exchange (AMEX) was not covered by CRSP until 07/31/1962. It used to be difficult to get an NYSE listing, so many small caps were listed on AMEX. Therefore the historical small cap re...
by DetroitRed
Sun Nov 17, 2013 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Historic Small Cap Returns May be Inflated
Replies: 15
Views: 1402

Re: WSJ lists global PE10

Accounting standards in different countries are often not comparable. US standards are very different from the international standards (IFRS), so the earnings part of the PE is not comparable across many countries. Many countries are moving to IFRS, but that hasn't happened yet (and don't hold you b...
by DetroitRed
Sun Nov 17, 2013 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ lists global PE10
Replies: 10
Views: 1121

Re: Gifting appreciated stock to pay college tuition

Great discussion. Quality info like this is a reason why this board is so valuable.
by DetroitRed
Mon Nov 11, 2013 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting appreciated stock to pay college tuition
Replies: 30
Views: 2103

Re: New Jersey TLH: Use it or lose it?

One common solution is to move away from NJ when retiring and selling assets with gains. Dying in NJ is tough too. The estate tax threshold is low (675k) and there is an inheritance tax. One other thing to add - if your ordinary income is high it can still be worth it in NJ to take capital losses u...
by DetroitRed
Tue Oct 29, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Jersey TLH: Use it or lose it?
Replies: 12
Views: 755

Re: Comments on C. Reed's paper, "Rethinking Asset Location"

My own asset allocation spreadsheet is designed for this adjustment. It never adds the dollar balance of all the accounts, only the adjusted value, so a $10,000 decrease on an account taxed at 25% shows up as only a $7500 loss on the bottom line. I feel like there is a market for a software program...
by DetroitRed
Sat Oct 26, 2013 6:36 pm
 
Forum: Investing - Theory, News & General
Topic: Comments on C. Reed's paper, "Rethinking Asset Location"
Replies: 43
Views: 4986

Re: 91% real loss in bonds - is this an accurate statement?

Also, even if they had calced the loss correctly, it would still only be applicable for zero coupon bonds (which pay no interest).

For regular Treasuries, you would have received coupon payments over the years which could have been invested at higher interest rates when rates rose.
by DetroitRed
Fri Oct 25, 2013 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: 91% real loss in bonds - is this an accurate statement?
Replies: 52
Views: 4400

Re: Will Vanguard kill the remaining Tax Managed funds?

Re: Qualified dividends I guess it's also possible that the new domestic CRSP indexes Vanguard started using in early 2013 will have higher qualified dividends (QDIs) than the MSCI indexes they replaced. Seems unlikely, but if that happens it'll make things much better for tax loss harvesting and US...
by DetroitRed
Mon Oct 21, 2013 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard kill the remaining Tax Managed funds?
Replies: 8
Views: 1917

Will Vanguard kill the remaining Tax Managed funds?

Now that both the Tax Managed International and TM Growth and Income are going away, anyone want to conjecture on whether Vanguard will kill the remaining Tax Managed funds? For Bogleheads this would be a bad thing, because as has been discussed on this board, the following Tax Managed combo is very...
by DetroitRed
Sat Oct 19, 2013 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard kill the remaining Tax Managed funds?
Replies: 8
Views: 1917

Re: Improved Net Worth by Age [and plot]

I appreciate the effort in doing this, but I feel like it leaves out an extremely important data point - how much in career earnings and inheritance someone has garnered. If two people both have a net worth of $1 million and are 45 years old, but the added data points shows: Person #1: Has 750k of l...
by DetroitRed
Sat Oct 19, 2013 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Improved Net Worth by Age [and plot]
Replies: 250
Views: 38221

Re: SSRN: Top 10 (hits) papers

Thanks for putting this together, Barry.
by DetroitRed
Sat Oct 12, 2013 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: SSRN: Top 10 (hits) papers
Replies: 4
Views: 631

Re: Questions about backdoor roth if I have a rollover IRA

I believe if you can transfer/move the rollover IRA to a 401k plan, then it is no longer counted in the conversion (backdoor Roth) calcs.
by DetroitRed
Sat Oct 05, 2013 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about backdoor roth if I have a rollover IRA
Replies: 3
Views: 300

Re: Father left my Mother Suddenly, Need advice

The beneficiary of her TSP and Roth is probably her husband.

I'd ask the lawyer if they'd recommend changing that right away.
by DetroitRed
Thu Sep 26, 2013 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Father left my Mother Suddenly, Need advice
Replies: 64
Views: 9877

Re: PenFed Rewards Point Change?

I've recently received a Fidelity AMEX (2% cash back) and have relegated my PenFed visa to the back of the wallet.
by DetroitRed
Thu Sep 19, 2013 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Rewards Point Change?
Replies: 63
Views: 5618

Re: PenFed Visa card for Gas program changing, now with a fe

PenFed has definitely changed.

In the past they gave 1.25% cash back on their Platinum Visa for many, many years (from at least the 1990s until about 2 years ago) and didn't engage in gimmicks and constant rebate rate changes. That's definitely changed.
by DetroitRed
Thu Sep 05, 2013 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 115
Views: 28535

Re: European Football Tickets

Just make sure you're not sitting in the visitor/rival section. Opposing fans don't intermingle in European soccer. You'd gets heaps of abuse hurled at you.
by DetroitRed
Thu Sep 05, 2013 12:04 pm
 
Forum: Personal Consumer Issues
Topic: European Football Tickets
Replies: 5
Views: 717

Re: Moving into TIAA Traditional

"Say interest rates rose dramatically. If you had an RA account, most of your TIAA Traditional would be stuck earning 3% for many years." Historically, this has not been the case. The 3% guarantee is a floor . I've owned traditional (RA) since the late 60s, and when Volcker raised rates d...
by DetroitRed
Thu Aug 29, 2013 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving into TIAA Traditional
Replies: 24
Views: 1807

Re: PenFed Platinum Rewards Visa CC changes

Well I've been in back-and-forth correspondence with the CEO of PENFED, not much in the way of useful information. Bottom line they intentionally did not provide notice of the 15% de-valuation and only backed off because the rewards website could not be updated quickly enough. They still eventually...
by DetroitRed
Thu Aug 29, 2013 7:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Platinum Rewards Visa CC changes
Replies: 118
Views: 17500

Re: Moving into TIAA Traditional

Make sure you know whether your TIAA traditional account is an RA or an GRA account. If it's an RA then you can only move money out in ten annual installments. That's not very good protection against rising interest rates. See #8 here -- http://www1.tiaa-cref.org/public/products-services/retirement...
by DetroitRed
Wed Aug 28, 2013 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving into TIAA Traditional
Replies: 24
Views: 1807

Re: Moving into TIAA Traditional

Make sure you know whether your TIAA traditional account is an RA or an GRA account. If it's an RA then you can only move money out in ten annual installments. That's not very good protection against rising interest rates. See #8 here -- http://www1.tiaa-cref.org/public/products-services/retirement/...
by DetroitRed
Wed Aug 28, 2013 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving into TIAA Traditional
Replies: 24
Views: 1807

Re: PenFed Rewards Point Change?

I've been a loyal and long-standing PenFed customer for many years. This situation with the Visa card (multiple changes snuck through with little notice and no information given to the customer service agents) is horrible. I can only conclude they are trying to get rid of long-standing, loyal custom...
by DetroitRed
Fri Aug 23, 2013 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Rewards Point Change?
Replies: 63
Views: 5618

Re: Poll: At what age did you hit $500k Net Worth

The additional piece of info I'd like to know is an estimate of how much in income (combined income for couples) plus gifts (inheritance) did the person have when they reached 500k in savings. Someone who had 500k at 30 but had earned and/or inherited $5 million by that time is not that impressive....
by DetroitRed
Mon Aug 05, 2013 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: At what age did you hit $500k Net Worth
Replies: 68
Views: 7774

Re: Poll: At what age did you hit $500k Net Worth

The additional piece of info I'd like to know is an estimate of how much in income (combined income for couples) plus gifts (inheritance) had the person earned over their lifetime when they reached 500k in savings. A couple who had reached 500k at 30 but had cumulatively earned and/or inherited $5 m...
by DetroitRed
Mon Aug 05, 2013 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: At what age did you hit $500k Net Worth
Replies: 68
Views: 7774

Re: Is company stock ever a good idea?

There is a special tax break for company stock owned in a company retirement plan, see http://www.retirementwatch.com/irasample3.cfm .

I don't believe that tax break outweighs the negatives mentioned previously.
by DetroitRed
Thu Aug 01, 2013 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Is company stock ever a good idea?
Replies: 35
Views: 2095

Re: The Vanguard Group - SEC Form ADV

In section 5A. Vanguard states it has 238 employees.....wow, that sounds low. I don't know what I was expecting, but it just "seems" low. 1210 I looked up the latest employee numbers for some Vanguard competitors: T Rowe Price: 5,372 Legg Mason: 2,975 AllianceBernstein:3,764 Franklin Reso...
by DetroitRed
Fri Jul 26, 2013 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: The Vanguard Group - SEC Form ADV
Replies: 11
Views: 857

Re: Pent Fed Platinum Rewards - another way new card is wors

I wanted to point out another way the Pentagon Federal Platinum Rewards Visa new rewards system (where you get a prepaid Visa with your reward monies) is worse than the old one (where you got immediate cash back). I bought some shoes with the prepaid Visa and later returned them. The refund didn't ...
by DetroitRed
Wed Jul 24, 2013 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pent Fed Platinum Rewards - another way new card is worse
Replies: 19
Views: 1868

Re: PenFed Platinum Rewards Visa CC changes

This is really a mess. I just called to try and verify if they were changing me from 5/3/1 to 3/2/1 rewards. The customer service person looked up my account, said that I was changing, that I had been sent notification and that there was no way to opt out. When I asked her to verify when I had been ...
by DetroitRed
Wed Jul 24, 2013 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Platinum Rewards Visa CC changes
Replies: 118
Views: 17500

Re: Pent Fed Platinum Rewards - another way new card is wors

A lot of self checkouts Kroger and Home Depot to name two that work for me allow split tenders. I've paid for one transaction at a store with two Prepaid Visa cards and my regular credit card . The clerk didn't like it very much (and I didn't like it much either), but it allowed me to use up multip...
by DetroitRed
Mon Jul 22, 2013 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pent Fed Platinum Rewards - another way new card is worse
Replies: 19
Views: 1868

Re: Pent Fed Platinum Rewards - another way new card is wors

I typically use the reward card to buy an amazone gift card. That's a very good idea. Probably doesn't work for me though because I don't spend much on Amazon.com. Re: the new rebate via a Visa prepaid card. I also have to remind myself not to use the prepaid Visa for gas or at a grocery store beca...
by DetroitRed
Mon Jul 22, 2013 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Pent Fed Platinum Rewards - another way new card is worse
Replies: 19
Views: 1868

Pent Fed Platinum Rewards - another way new card is worse

I wanted to point out another way the Pentagon Federal Platinum Rewards Visa new rewards system (where you get a prepaid Visa with your reward monies) is worse than the old one (where you got immediate cash back). I bought some shoes with the prepaid Visa and later returned them. The refund didn't s...
by DetroitRed
Sun Jul 21, 2013 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pent Fed Platinum Rewards - another way new card is worse
Replies: 19
Views: 1868

Re: NYC Pension Fund Boasts 12.3% Return for Last 12 Months

Per a recent Wall Street Journal article: When officials with Montgomery County, Pa., became troubled by their pension fund's investment fees and recent performance, they turned to a neighbor [ Jack Bogle ] for advice. His take: Park money in low-cost index funds. Pension Fund Takes Neighborly Advic...
by DetroitRed
Fri Jul 19, 2013 11:54 am
 
Forum: Investing - Theory, News & General
Topic: NYC Pension Fund Boasts 12.3% Return for Last 12 Months
Replies: 11
Views: 669

Re: (Planned) AA Change consideration - return to 100% equit

I also feel like the '08/09 downturn has "taught" a lot of people a bad lesson -- that you'll make up the downturn stock losses within a couple of years.

That hasn't always been the case.
by DetroitRed
Tue Jul 16, 2013 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: (Planned) AA Change consideration - return to 100% equities
Replies: 36
Views: 2844

Re: Additional TIAA investment

Keep in mind that money in a TIAA Traditional RA account can only be transferred out over 10 years in 1/10th intervals, so if you transfer it all in now and rates rise it'll take you 10 years to transfer the money out. See part 8 here, https://www.tiaa-cref.org/public/products-services/retirement/su...
by DetroitRed
Fri Jul 12, 2013 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Additional TIAA investment
Replies: 9
Views: 643

Re: Mom just lent 40k to a friend w/o a contract

My mother lent her brother a lot of money about 15 years ago (was over 30k) for his business. I advised her to have an attorney prepare a formal promissory note and to try and become a beneficiary of his life insurance policy. She had a promissory note prepared (he never signed) and he never changed...
by DetroitRed
Fri Jul 12, 2013 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Mom just lent 40k to a friend w/o a contract
Replies: 61
Views: 6448
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