Search found 3081 matches

Return to advanced search

Re: Cannot qualify for physician disability insurance.

Why do so many doctors buy disability insurance? Only of tiny percentage of the population buys disability insurance and I'm guessing most of them are doctors. Most everyone else manages to get along without it. It seems to be one of the many financial products designed to get money out of doctors.
by Jack
Sat Jul 05, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2336

Re: The Risk of Short-term Bond Funds

[OT comments removed by admin LadyGeek] I can't add anything to this - - - - I just can't. Well I can add something. The Dodd quote is completely made up. He never said that. Period. You should look more closely at your news sources. For instance, going forward, you might assume whoever is the sour...
by Jack
Fri Jul 04, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: The Risk of Short-term Bond Funds
Replies: 152
Views: 10122

Re: The Risk of Short-term Bond Funds

I'm not saying that short-bonds don't belong in a person's portfolio. Far from it. I'm only pointing out that trying to avoid losses by moving from a intermediate-term duration fund to an short-duration fund hasn't paid off over the past three- five- years. This seems like simply an observation of ...
by Jack
Thu Jul 03, 2014 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: The Risk of Short-term Bond Funds
Replies: 152
Views: 10122

Re: Pay down (not off) mortgage?

You are paying a lot for a 30-year option that you plan to never use. Consider a 5 year adjustable rate mortgage with zero out-of-pocket fees. You should be able to find something like 2.75% or better.
by Jack
Wed Jul 02, 2014 9:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 51
Views: 4309

Re: Trick question for new investors.

First why do you have to cash out your 401k? You not have a emergancy fund, or save enough for your mortgage and car payments. Secound why your payments for the house and car in the market? You dont have a checking account or what? Third you should be putting more money in to the market for when th...
by Jack
Wed Jul 02, 2014 12:19 am
 
Forum: Investing - Theory, News & General
Topic: Trick question for new investors.
Replies: 25
Views: 2068

Re: Trick question for new investors.

Most new investors will choose A, not knowing that is not the right answer ... The "right" answer? How so? Let's say it's 2008, I'm a new investor who has recently graduated to a great job and been contributing to my 401k. I just bought a house and the crash occurs. I have to cash out the...
by Jack
Tue Jul 01, 2014 9:36 pm
 
Forum: Investing - Theory, News & General
Topic: Trick question for new investors.
Replies: 25
Views: 2068

Re: aaaand its gone

Many people lost it all in the last decade when they were unlucky enough to buy a house at the wrong time and then lose their jobs.

In other words -- leverage.
by Jack
Sat Jun 28, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: aaaand its gone
Replies: 22
Views: 4063

Re: Paperless Statements (bank checking acct)

If electronic documents are good enough for the IRS, Which is why the IRS uses emails rather than paper memos for internal documents. Electronic records such as emails can easily be stored and retrieved at any time. :) Email was never intended nor is it legally required to be a permanent store of i...
by Jack
Sat Jun 28, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paperless Statements (bank checking acct)
Replies: 64
Views: 3035

Re: burning 1 lb is how many calories?

hmm... the question simply was why do you need to burn 3500Cal to lose 1 lb? Since if you lost 0.5lb fat, you should lose 0.5lb water (50% body weight is water.) Stop right there. That statement is false. The percentage of fat in the body can vary from about 5% in the very lean to over 40% for the ...
by Jack
Sat Jun 28, 2014 8:09 pm
 
Forum: Personal Consumer Issues
Topic: burning 1 lb is how many calories?
Replies: 69
Views: 5546

Re: Directv

Is there a way to get sports without cable/satellite? If you watch a lot of sports, cable and satellite are probably one of the best deals around. That is because the sports channels are the most expensive for a provider to carry yet only a minority of viewers watch them. This means that sports vie...
by Jack
Wed Jun 25, 2014 6:57 pm
 
Forum: Personal Consumer Issues
Topic: Directv
Replies: 36
Views: 2414

Re: Is Medical School Worth it Financially?

I hear about medical students coming with loans of >500k at 6.8%. Why would anyone willingly incur $500K in debt going to med school and then complain about it? It that any different than the person who runs up a $200K tab on an art history degree at Harvard and then complains about it? Running up ...
by Jack
Tue Jun 24, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 4936

Re: Best Battery Charging Strategy

Lifespan (a more accurate term is capacity span) has been measured to be 50% higher if you discharge to 50% capacity and slightly better down to about 40%, where it starts to get worse again. For example, a 0% to 100% charge may get 500 cycles, a 90% to 100% charge may get 4750 charges, but a 50% -...
by Jack
Sun Jun 22, 2014 12:22 pm
 
Forum: Personal Consumer Issues
Topic: Best Battery Charging Strategy
Replies: 20
Views: 1788

Re: Best Battery Charging Strategy

Typically, if your battery is rated for 300 to 400 discharge cycles, it means that after that number of cycles, the battery will be reduced to 80% of its original capacity. So your battery will work for hundreds of more cycles, but have reduced battery capacity. Charging from 0% to 100% counts as on...
by Jack
Sat Jun 21, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Best Battery Charging Strategy
Replies: 20
Views: 1788

Re: Best Battery Charging Strategy

Finally, a Lithium ION battery's useful life is highly susceptible to the number of charge cycles and being continually topped off. So you should not leave them in the charger nor should you charge them every day (unless your phone lasts less than two days). You should determine how long your batte...
by Jack
Sat Jun 21, 2014 12:51 pm
 
Forum: Personal Consumer Issues
Topic: Best Battery Charging Strategy
Replies: 20
Views: 1788

Re: Best Battery Charging Strategy

Laptops have more than a battery. They have a microprocessor in front of the battery. It controls the charging. Is this true for an iPad also? Almost all electronic devices with rechargeable lithium batteries use "smart" batteries. The smart controller on the battery counts the number of ...
by Jack
Sat Jun 21, 2014 12:11 pm
 
Forum: Personal Consumer Issues
Topic: Best Battery Charging Strategy
Replies: 20
Views: 1788

Re: New Portfolio: what to do with 2.5M to 5.5M?

Am I allowed to mention how tax-loss harvesting also helps prevent one from paying cap gains taxes when rebalancing? What are these capital losses you speak of? Anyone who has been invested for a long time has very little capital losses, even in 2009. I can only assume that your tinkering has you r...
by Jack
Fri Jun 20, 2014 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Portfolio: what to do with 2.5M to 5.5M?
Replies: 38
Views: 4352

Re: New Portfolio: what to do with 2.5M to 5.5M?

Slice and dice for a very large taxable account (relative to future contributions) is tax inefficient. You need to periodically sell positions to rebalance your portfolio which incurs unnecessary capital gains taxes. I have not found the above to be a true statement. One can take distributions in c...
by Jack
Fri Jun 20, 2014 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Portfolio: what to do with 2.5M to 5.5M?
Replies: 38
Views: 4352

Re: New Portfolio: what to do with 2.5M to 5.5M?

Slice and dice for a very large taxable account (relative to future contributions) is tax inefficient. You need to periodically sell positions to rebalance your portfolio which incurs unnecessary capital gains taxes. Use Total Domestic and Total International funds that are always automatically bala...
by Jack
Fri Jun 20, 2014 6:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Portfolio: what to do with 2.5M to 5.5M?
Replies: 38
Views: 4352

Re: Argentine Certificate of Deposit

Valuethinker wrote:Argentina is seriously up the creek. It's all very sad.

Worse than the misery in Spain and Greece? I don't think so -- not even close.
by Jack
Thu Jun 19, 2014 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Argentine Certificate of Deposit
Replies: 19
Views: 881

Re: Argentine Certificate of Deposit

Argentina was in a mess leading up to the default in 2001, with high unemployment, an economic recession and food riots. Since the default, the economy has rebounded greatly, growing faster than Brazil and faster than Chile. Compare Argentina's rapid recovery to the years of misery (and still counti...
by Jack
Thu Jun 19, 2014 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: Argentine Certificate of Deposit
Replies: 19
Views: 881

Re: Argentine Certificate of Deposit

I'm not up enough on the latest in Argentina to give any advice or recommendations, but a 29% interest rate suggests high risk to me. Or high inflation. For example, CD rates in the U.S. were as high as 18% in the early 1980s. This reflected high inflation, not high risk. If you are investing and k...
by Jack
Thu Jun 19, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Argentine Certificate of Deposit
Replies: 19
Views: 881

Re: Grand Canyon

I'm leaving for the Canyon tomorrow. I'm spending the next three weeks rowing an 18-foot raft down the river. I can see the Desert View Watchtower from the river. Get out your binoculars and you might see me.
by Jack
Fri May 23, 2014 12:32 am
 
Forum: Personal Consumer Issues
Topic: Grand Canyon
Replies: 59
Views: 4119

Re: New PC - Buy Office or use free alternatives

I used Thunderbird for several years and recently went back to Outlook. I really like Outlook, largely because of the Calendar options. The ability to share, sync, color co-ordinate, link, and attach between calendar and e-mail, make tentative appointments and so forth is just really useful to me. ...
by Jack
Tue May 20, 2014 12:50 pm
 
Forum: Personal Consumer Issues
Topic: New PC - Buy Office or use free alternatives
Replies: 29
Views: 1991

Re: A Simple Demonstration of Market Inefficiency

What you are seeing in that chart is an artifact of the fact it only displays the closing price at which the last share of the day sold, not intra-day prices. BRK.A only trades a few hundred shares a day, only about one share a minute on the average day. On the other hand, BRK.B trades several milli...
by Jack
Sat May 17, 2014 12:27 am
 
Forum: Investing - Theory, News & General
Topic: A Simple Demonstration of Market Inefficiency
Replies: 18
Views: 2378

Re: Do you own / have you owned a Chevrolet Volt?

This may not be a responsive answer, but after reading all the horrendous news about what appears to be a deliberate cover up of serious ignition switch defect for almost a decade resulting in death and injury of many innocent customers I for one will never trust that company again and certainly no...
by Jack
Fri May 16, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: Do you own / have you owned a Chevrolet Volt?
Replies: 39
Views: 4454

Re: Where does Vanguard stand on exorbitant CEO pay?

Unless someone is cheating or stealing, let the market do its work. There is no real market. CEOs put their friends on the board or serve on each others boards. They pay board members $200,000 a year to attend a couple of day long meetings a year to rubber stamp the CEO's decisions. Who wouldn't ta...
by Jack
Thu May 15, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where does Vanguard stand on exorbitant CEO pay?
Replies: 14
Views: 1381

Re: IBD's 20 Rules for Investment Success

Keep in mind, this is the same Investors Business Daily that thought Stephen Hawking was born and raised in the U.S. because he didn't have a British accent. They aren't exactly the sharpest knife in the drawer.
by Jack
Wed May 14, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: IBD's 20 Rules for Investment Success
Replies: 27
Views: 5035

Re: Thoughts on prenups

This actually works as an incentive for women to divorce men. Surely you realize that your argument makes no logical sense. Why would women have an incentive to decrease their wealth and income by half, the same as men who get the other half? Financially, divorced women, especially with children, a...
by Jack
Tue May 13, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on prenups
Replies: 99
Views: 4132

Re: ACA/ObamaCare Problems - HSA-Compatible Plans

I have no dog in this fight as I am retired from practicing medicine. Whatever shakes out, I only hope I do not hear too many more horror stories like OP has (and I have heard from friends and relatives) and pray that too many people do not die as a result of lack of access. The ACA is not causing ...
by Jack
Tue May 13, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA/ObamaCare Problems - HSA-Compatible Plans
Replies: 18
Views: 1272

Re: ACA/ObamaCare Problems - HSA-Compatible Plans

The ACA is not responsible for setting the requirements for insurance plan networks or premium prices. You act like networks and premiums are established in a vacuum. Although not directly responsible, the ACA clearly impacts networks and pricing--not always in good ways. Just as before the ACA, al...
by Jack
Tue May 13, 2014 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: ACA/ObamaCare Problems - HSA-Compatible Plans
Replies: 18
Views: 1272

Re: ACA/ObamaCare Problems - HSA-Compatible Plans

The ACA is not responsible for setting the requirements for insurance plan networks or premium prices. That is under the control of your state insurance commissioner. The federal government only provides the exchanges. The insurance companies and the plans offered on the exchange in your state are r...
by Jack
Tue May 13, 2014 2:15 am
 
Forum: Personal Finance (Not Investing)
Topic: ACA/ObamaCare Problems - HSA-Compatible Plans
Replies: 18
Views: 1272

Re: Medicaid Qualification with a variable income.

You can sign up for health insurance and Medicaid any time. You can sign up for Medicaid at any time that you qualify for Medicaid. However no insurer outside the exchange is likely to sell you a policy outside of the enrollment period without a qualifying event because they cannot underwrite any a...
by Jack
Mon May 12, 2014 2:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid Qualification with a variable income.
Replies: 12
Views: 875

Re: Federal reserve balance sheet may take 5-8 years to shri

This paper at the New York Fed explains how paying interest on reserves enables the Fed to create and uncreate reserves independently of raising and lowering its target for the federal funds interest rate. Divorcing Money from Monetary Policy Ron It's amusing to read that Fed paper which came out r...
by Jack
Sun May 11, 2014 2:44 am
 
Forum: Investing - Theory, News & General
Topic: Federal reserve balance sheet may take 5-8 years to shrink
Replies: 41
Views: 4038

Re: Medicaid Qualification with a variable income.

It's also the right thing to do, regardless of legal sanction. The cost-sharing subsidies are for low income citizens and legal residents. If one of us needs them, take them. If that person no longer needs them, give them up. It's what's legal and what's right. ... The advice to keep one's income b...
by Jack
Sat May 10, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid Qualification with a variable income.
Replies: 12
Views: 875

Re: CAPE:cyclically adjusted price earnings ratio

steve_14 wrote:
Jack wrote:If in 1996 you sold all of Total Stock Market and bought Total Bond Market, you would have been up 7% in 2002 and 25% in 2009


Nope, sorry, a decade is 10 years, not 6 or 13 or 187.

He said 10 years "at this CAPE." The CAPE dramatically dropped in 2002 and 2009.
by Jack
Fri May 09, 2014 11:41 pm
 
Forum: Investing - Theory, News & General
Topic: CAPE:cyclically adjusted price earnings ratio
Replies: 12
Views: 1761

Re: Efficient market theory - not

Nobody, pretty much, believes the market is entirely and perfectly efficient. Minor glitches occur. I would say that 2008 demonstrated more than a minor glitch in markets. It was a major glitch in the economy for sure. EMH does not however predict or mean there will be no market crashes. So not rea...
by Jack
Fri May 09, 2014 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Efficient market theory - not
Replies: 13
Views: 1369

Re: Efficient market theory - not

Rodc wrote:Nobody, pretty much, believes the market is entirely and perfectly efficient. Minor glitches occur.

I would say that 2008 demonstrated more than a minor glitch in markets.
by Jack
Fri May 09, 2014 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: Efficient market theory - not
Replies: 13
Views: 1369

Re: CAPE:cyclically adjusted price earnings ratio

Yale professor Robert Shiller was one of a relative handful of stock-market observers who warned that the bull market of the late 1990s was a colossal bubble in the making. To be more specific, he stated in Jan, 1996 that: "it appears that long run investors should stay out of the market for t...
by Jack
Fri May 09, 2014 7:53 pm
 
Forum: Investing - Theory, News & General
Topic: CAPE:cyclically adjusted price earnings ratio
Replies: 12
Views: 1761

Re: A riddle about "attributing" gains.

Many moons ago in high school I had to explain to my teacher in Economy that a 10% gain followed by a 10% loss leaves you with 99%, and not 100% as she claimed. She entirely failed to grasp that. I'm little hopeful that many will get this dividend calculation fallacy. In economics it is common prac...
by Jack
Thu May 08, 2014 1:43 am
 
Forum: Investing - Theory, News & General
Topic: A riddle about "attributing" gains.
Replies: 44
Views: 3212

Re: Is it okay to keep all your assets with one fund company

larryswedroe wrote:I really don't see what JP Morgan's actions/losses have to do with Vanguard's safety.

The integrity of the people to whom you entrust the custody of your assets makes no difference? I'm speechless.
by Jack
Wed May 07, 2014 8:42 pm
 
Forum: Investing - Theory, News & General
Topic: Is it okay to keep all your assets with one fund company?
Replies: 48
Views: 5923

Re: John Hussman, why should people listen to him?

afan wrote:In other words, it is enough that he is interesting. I don't expect him to be right.

There seems to be some cognitive dissonance. He's interesting because he is wrong? Seems like a waste of time.
by Jack
Wed May 07, 2014 8:07 pm
 
Forum: Investing - Theory, News & General
Topic: John Hussman, why should people listen to him?
Replies: 30
Views: 4035

Re: Is it okay to keep all your assets with one fund company

People have said that Vanguard's assets are safe because they are in the hands of JP Morgan. So let's look at the record of JP Morgan's fines and penalties just for the last couple of years. The total is $25 billion just for 2013. 1. $2.6 billion for violations of the Secrecy Act for failing to repo...
by Jack
Wed May 07, 2014 7:18 pm
 
Forum: Investing - Theory, News & General
Topic: Is it okay to keep all your assets with one fund company?
Replies: 48
Views: 5923

Re: Is it okay to keep all your assets with one fund company

jack Can you cite a single case of a mutual fund investor losing money because of fraud? Larry If you want to make an argument that it can't happen because it hasn't happened before, then go ahead and make that argument. It's a pretty weak argument. But instead you tried to impress people with the ...
by Jack
Wed May 07, 2014 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: Is it okay to keep all your assets with one fund company?
Replies: 48
Views: 5923

Re: Is it okay to keep all your assets with one fund company

Mutual funds do not perform the fund’s accounting themselves. In the case of DFA, fund accounting is performed by PNC Bank. Would that be the same PNC that paid $115 million in 2006 for securities fraud? And lest you think that auditors are any protection, Ernst and Young paid $9 million for its la...
by Jack
Wed May 07, 2014 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: Is it okay to keep all your assets with one fund company?
Replies: 48
Views: 5923

Re: sales tax on auto parts during repair work

I Had my car repaired recently which included new parts. Mechanic bought the parts. The final invoice had parts cost and sales tax on parts as separate items. Can the mechanic charge sales tax on parts as he is not the seller of parts? It seems like double sales tax to me. Is this common practice b...
by Jack
Tue May 06, 2014 10:02 pm
 
Forum: Personal Consumer Issues
Topic: sales tax on auto parts during repair work
Replies: 11
Views: 727

Re: Is it okay to keep all your assets with one fund company

Also, I understand the protection afforded by the assets being held by the custodial bank, but has there ever, historically, been a case of shenanigans at a custodial bank? I don't seriously worry about JPMorgan Chase or Mellon Bank, but do you ever read the Statement of Additional Information and ...
by Jack
Tue May 06, 2014 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: Is it okay to keep all your assets with one fund company?
Replies: 48
Views: 5923

Re: Maybe Bonds Are Normal Now

Ok if you want to say that "unprecedented" and "nontraditional" are not equivalent I guess you can claim that you are right. I'm just trying to take the mystery out of quantitative easing and pointing out that it is just a continuation of traditional policy but modified for unus...
by Jack
Tue May 06, 2014 6:10 pm
 
Forum: Investing - Theory, News & General
Topic: Maybe Bonds Are Normal Now
Replies: 19
Views: 3265

Re: Maybe Bonds Are Normal Now

I'm not a Fed expert. But I still believe that the extent of what the Fed has been doing in the last five years is unprecedented. It is only unprecedented in the sense that the economic conditions the Fed is operating under are unprecedented. The economy is trying to recover from the worst recessio...
by Jack
Tue May 06, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: Maybe Bonds Are Normal Now
Replies: 19
Views: 3265

Re: RETIRING May 31! Any advice .....?

You should compare COBRA coverage from your employer vs an ACA exchange plan. Since you are older, you will find that individual insurance is quite expensive. On the other hand, if you are in good health you may find that a high deductible plan on the exchange is cheaper than a lower deductible plan...
by Jack
Mon May 05, 2014 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: RETIRING May 31! Any advice .....?
Replies: 87
Views: 8588

Re: Maybe Bonds Are Normal Now

The Fed has been influencing interest rates for a long time. I think it was not until Volcker's reign that they switched to trying to influence the money supply instead of interest rates. It is the very active influence for the last five years that I think is not normal. I think it is only recently...
by Jack
Mon May 05, 2014 10:47 pm
 
Forum: Investing - Theory, News & General
Topic: Maybe Bonds Are Normal Now
Replies: 19
Views: 3265
Next

Return to advanced search