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A Cypriot's view of the bank closure/ financial crisis

Came across this blog entry, its interesting financial history from a personal perspective. The blog usually deals with details of daily life and such, its not financial, talks about cats and such, shopping, visitors, etc. But I found it, read some of the (many) non financial pages, and then went to...
by LH
Mon May 12, 2014 1:51 am
 
Forum: Investing - Theory, News & General
Topic: A Cypriot's view of the bank closure/ financial crisis
Replies: 6
Views: 816

Re: Can I be a boglehead and join a golf club?

I I have played limited golf the last 20year s but really enjoy it and am pretty good at it . Thats quite the trick. Anyway, on to the main point: Yeah, read Your money or your life, its a great book that hits on this type of question. I bought an earlier version that did not go so heavy into the &...
by LH
Mon May 12, 2014 1:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4718

Re: Great Offbeat Free stuff/service

Wow,

I just remembered another one. A church in my town, which is middle to upper middle class, is in a zone with a lower SES area on some government chart, so a church in the middle of this town, offers free lunches to kids paid for by the government, any kids........

pretty wild.
by LH
Mon May 12, 2014 1:31 am
 
Forum: Personal Consumer Issues
Topic: Great Offbeat Free stuff/service
Replies: 3
Views: 762

Re: Investing in Gold/Silver Coins

I would like to read of a golden instance where a person reports first-hand that they used gold or silver coins in an emergency. One person. First-hand. Please. I think the only time I have heard of this is getting smuggled out of East Germany, but this was second-hand. http://ferfal.blogspot.com/2...
by LH
Mon May 12, 2014 1:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold/Silver Coins
Replies: 37
Views: 2724

Re: Investing in Gold/Silver Coins

I have a strong opinion on the subject. One invests in things which over time have provided a positive real return. For instance, stocks and bonds. One may speculate in things which do not provide a positive real return over the long run but which are subject to large price swings in the short run ...
by LH
Mon May 12, 2014 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold/Silver Coins
Replies: 37
Views: 2724

Re: 2.5 mil to 10 mil - are we on track

It is interesting that people comment on private school - my question didn't ask about that, and I know the cost - I am writing the check, so obviously I am aware of the cost. Anyway, I appreciate your judgment and concern for my kids and their alternatives. It is also interesting that people think...
by LH
Sun May 11, 2014 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2.5 mil to 10 mil - are we on track
Replies: 91
Views: 9598

Great Offbeat Free stuff/service

I randomly happened to save a couple thousand recently. I had 5 30-40 feet pine trees die 2-3 years ago. Was going to pay to get them cut down. A buddy told me that the power company, would do it for free, and they did. (they did not haul them away, but did cut them down to maybe 6 feet long chunks)...
by LH
Sun May 11, 2014 3:28 am
 
Forum: Personal Consumer Issues
Topic: Great Offbeat Free stuff/service
Replies: 3
Views: 762

Re: Tree removal

Has anyone have had any trees removed recently? I have 3 maple trees that are together. One is starting to rot ( the large one) which is about 40 ft high. The other 2 are smaller about 25 ft high. What can I expect to pay to have these removed? If your trees are near a powerline, such that if they ...
by LH
Sun May 11, 2014 3:25 am
 
Forum: Personal Consumer Issues
Topic: Tree removal
Replies: 16
Views: 1063

Re: "Get out of bond funds"

Basically, if you have a bond fund with a duration of 5 years: Interest rates jump up 2 percent. Two things then happen. 1) the bond fund would drop in value ten percent, duration X change in rate = 10. That's bad. 2) the bond funds new bonds will start earning two percent more. That's good. At som...
by LH
Sun May 11, 2014 3:22 am
 
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 23105

Re: "Get out of bond funds"

I am fairly new to the Boglehead investment way of doing things but have loved learning from the wiki and this forum. Before, I was 100% in equity index funds. Now, I have moved things around to 85/15 (I am 27 years old). I am still attempting to learn as much as I can about bonds since they are ne...
by LH
Sat May 10, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 23105

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

Thanks for post Larry Money supply has grown by your numbers 6 percent annual, roughly 12 years of that it's doubled. CPI inflation has not tracked that. Sure reconsider and market by the nominal tip difference do not expect higher inflation. The issue is one of expectations, yes, they are deemed lo...
by LH
Sat May 10, 2014 11:22 am
 
Forum: Investing - Theory, News & General
Topic: Federal reserve balance sheet may take 5-8 years to shrink
Replies: 41
Views: 4317

what happened when sterling lost its reserve status?

http://trader2trader.files.wordpress.com/2013/01/global-reserve-currencies1.png http://trader2trader.wordpress.com/2013/01/20/empires-reserve-currencies-1450-2013/ I was wondering what the effects were when sterling lost its reserve currency status to the US dollar from the British/sterling perspec...
by LH
Sat May 10, 2014 3:02 am
 
Forum: Investing - Theory, News & General
Topic: what happened when sterling lost its reserve status?
Replies: 7
Views: 1238

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

Is there any particular reason why anyone cares about the balance sheet of the Fed? Would it matter if they draw rainbows and unicorns on their balance sheet? The people who get the access to the created money first , care very very very deeply. Its great for them. The people who end up paying for ...
by LH
Sat May 10, 2014 2:51 am
 
Forum: Investing - Theory, News & General
Topic: Federal reserve balance sheet may take 5-8 years to shrink
Replies: 41
Views: 4317

Re: Bond Allocation Review: No Total Bond

Sounds good enough. I do a 50/50 split with tips and aggregate. Some mbs and high grade corporate is fine by me. I like having tips, though I dont expect the CPI to really track inflation if things go really bad, I think it will be somewhere along the gradient of the us now, and argentenia official ...
by LH
Wed May 07, 2014 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond Allocation Review: No Total Bond
Replies: 9
Views: 1827

Re: Nervous investor checking in

What is your overall Asset allocation? You have a hodgepodge of things. I treat my wife and my allocation as one portfolio. It takes a spreadsheet to do it, which may be too complex. my allocation is 13 percent each: US TSM, US SCV US REIT Europe, australiaasia, emerging, 9.5 percent each US TIPS, U...
by LH
Wed May 07, 2014 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Nervous investor checking in
Replies: 19
Views: 2770

Re: Retirement in 15 years, $200K in cash

Look into single payment immediate annuity from vanguard when you retire. Your retirement is going to be tight unless your needs are low. Basically, every 100k gives you 4k per month in a 60/40 stock bond split expectantly with a 95 percent success rate inflation adjusted. So 200k = 8k a year stream...
by LH
Mon May 05, 2014 10:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement in 15 years, $200K in cash
Replies: 16
Views: 3207

Re: Outdoor fire pit? Yea or Nay

Great.

Mine is easy to maintain, I will do nothing until it disintegrates, then pay some 100-200 bucks to remortar it

So far it's been 4 years, mine is just about a 4x4 pit of natural stone about 1-2 feet high
by LH
Mon May 05, 2014 4:28 pm
 
Forum: Personal Consumer Issues
Topic: Outdoor fire pit? Yea or Nay
Replies: 62
Views: 7682

Re: What do you do after maxing out your tax deferred?

529 Get a high deductible plan, leave all money in hsa, save each years medical bills and receipts forever. Mortgage is good Taxable is good I bonds are good (they are bonds, and yeah there is financial repression, but it is what it is) Taxable is fine Vanguard variable annuity is a thought.... But ...
by LH
Sun May 04, 2014 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: What do you do after maxing out your tax deferred?
Replies: 22
Views: 2706

Re: 80/20 stocks/gold portfolio

Gold is not an either a lot or none proposition. I am currently at 3 percent, which is small, but gold can jump up 4-5 times under right conditions, which would turn it into 12-15 percent. then if stocks tank 70-90 percent, and stay down, well, that 12-15 percent of original portfolio is a huge prop...
by LH
Sun May 04, 2014 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80/20 stocks/gold portfolio
Replies: 32
Views: 2846

Re: 80/20 stocks/gold portfolio

I largely agree with you but you are simply not diversified with only stocks and gold There going to be times when both gold and Stocks will take serious hits and especially with gold and maybe prolong hits as well as with Stocks there may be prolonged hits there certain economic conditions that onl...
by LH
Sun May 04, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 80/20 stocks/gold portfolio
Replies: 32
Views: 2846

Re: people who buy annuities live longer than those that don

Just read Super Freakonomics by Steven Levitt and Stephen Dubner and was interested in the stat that says people who buy annuities tend to live longer than people who don't. The paragraph (on page 72 nook edition) says it's not because people who buy annuities are healthier to begin with, but rathe...
by LH
Sat May 03, 2014 8:12 am
 
Forum: Personal Finance (Not Investing)
Topic: people who buy annuities live longer than those that dont?
Replies: 24
Views: 1324

Re: Daughter getting married

barnaclebob wrote:I could see myself doing something like that with the provision that there has to be alcohol for the guests, no cash bars allowed.


Heheh, my father said the same thing.

The repeat alcohol stipulation is interesting. I certainly understand it. But its very interesting nonetheless.
by LH
Sat May 03, 2014 8:09 am
 
Forum: Personal Consumer Issues
Topic: Daughter getting married
Replies: 57
Views: 5457

Your personal inflation rate

I have often read about ones own personal inflation rate, but have never really even had a hint of a gestalt of it relative to the CPI, came scross this chart. http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/05/costs%20for%20americans.jpg http://www.zerohedge.com/news/2014-0...
by LH
Sat May 03, 2014 5:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Your personal inflation rate
Replies: 9
Views: 1193

Re: 80/20 stocks/gold portfolio

Hello, I am a 24 year old who already has an 80-20 conventional stock/bond ETF portfolio set up, so I'm not asking for specifics. Rather, I'd like to launch a pilot balloon for the concept of replacing my bonds with gold. I propose to do this for the following reasons: - Gold seems more anti-correl...
by LH
Fri May 02, 2014 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: 80/20 stocks/gold portfolio
Replies: 32
Views: 2846

Re: Why will stocks/bonds do worse than in the past?

In this thread about doubling your money in a specific time frame, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=138158 nisiprius said: Many people I think of as experts seem pretty sure that the outlook for both stocks and bonds is worse than in the past, so your chances of hitting 6% ma...
by LH
Wed Apr 30, 2014 2:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why will stocks/bonds do worse than in the past?
Replies: 30
Views: 5625

Re: Did you tell anyone you paid off your mortgage?

I would not generally tell people. Lots of people are struggling. It's good, it's something to be proud of, but not something to share per se, I would shy away from sharing. In terms if work negotiations, I think ability to leave comes out quite well. Mortgage being zero is a factor. But the employe...
by LH
Wed Apr 30, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 158
Views: 12835

Re: Most reliable way to double a portfolio in 12 years

happytrades wrote:How about a SPIA?

Depending on your age, you could buy a Single Premium Immediate Annuity, and be guaranteed to double your money in 12 years -- assuming you don't die in the interim.


nice.
by LH
Tue Apr 29, 2014 12:16 am
 
Forum: Investing - Theory, News & General
Topic: Most reliable way to double a portfolio in 12 years
Replies: 55
Views: 14898

Re: should I break down and buy a gold coin?

I am no expert on gold but have read from credible sources that historically it is not a good hedge for inflation. Do others agree on that? It is not a good hedge for low inflation, or even moderately high inflation, say 5, or maybe even 10 percent. But hyperinflation, yes. where the delineation is...
by LH
Tue Apr 29, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: should I break down and buy a gold coin?
Replies: 20
Views: 2085

Re: should I break down and buy a gold coin?

nolabogle wrote:
I've got nothing against you buying them, but now is probably not the time. Wait until gold takes a dip. It has been hovering in the $1600 range. Maybe target the $1000 range. Otherwise, don't bother.


I agree.


still waiting on the 1K : )
by LH
Tue Apr 29, 2014 12:04 am
 
Forum: Investing - Help with Personal Investments
Topic: should I break down and buy a gold coin?
Replies: 20
Views: 2085

Re: Most realiable way to double a portfolio in 12 years

If you wanted to double the size of a portfolio in 12 years how would you invest the money. If it goes over that's fine but not necesssary. The goal is to fine the most likely and least risky investment option to achieve this goal. 70/30 stocks bonds basically, stocks get 7 percent real return, 10 ...
by LH
Mon Apr 28, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Most reliable way to double a portfolio in 12 years
Replies: 55
Views: 14898

Re: Convince me to lump sum into the market

if you need convincing, I would just DCA in. You are the one who will have to live with the consequences, and there possibly could be bad consequences. Its the difference between the expected result and the actual result. Its about 1/3 time better to DCA about 2/3 time better to LUMP. You will perso...
by LH
Mon Apr 28, 2014 7:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Convince me to lump sum into the market
Replies: 57
Views: 11266

Re: Malwarebytes Anti-malware advises it will expire shortly

Free programs = cnet.com

The top 50 or whatever list will routinely have the best free virus malware etc........

It's a no brainer, and constantly updates via downloads numbers.

If something is good it rises to top.
by LH
Sat Apr 26, 2014 10:50 pm
 
Forum: Personal Consumer Issues
Topic: Malwarebytes Anti-malware advises it will expire shortly
Replies: 22
Views: 5380

Re: Pensions as pert of bond allocation

Pensions, home equity, career, are qualitative factors influencing your AA stock bond split. Need, desire, ability to take risk. Age/life cycle stage AA stock bond split is a mix of those things. Just for flavor..... Say 1) has a 300k house fully owned, in a stable neighborhood, has 100k portfolio 9...
by LH
Sat Apr 26, 2014 12:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Pensions as pert of bond allocation
Replies: 5
Views: 830

Re: Poll: Would you EVER recommend 100% equity?

zaboomafoozarg wrote:
LH wrote:classic case, just starting out investing when young in 20s, early 30s. go sp500.


This is bogleheads.org though, where almost everyone reaches 100k well before 30 :D


well.... speaking as an MD, I surely did not : )
MDs usually just out of residency circa 30 years old.
by LH
Fri Apr 25, 2014 10:59 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Would you EVER recommend 100% equity?
Replies: 136
Views: 27095

Re: Poll: Would you EVER recommend 100% equity?

yes. classic case, just starting out investing when young in 20s, early 30s. go sp500. 1) there is little nominal dollars at risk 2) There is little lifecycle risk, your main asset is your future earnings 3) You can follow sp500, and figure out your ability to take risk, when you have little to lose...
by LH
Fri Apr 25, 2014 10:26 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Would you EVER recommend 100% equity?
Replies: 136
Views: 27095

Re: Europe Developed REIT valuation?

http://www.reit.com/investing You are correct. REITS representing land ownership and land income streams are fundamentally different from business ownership and business income streams. By the simple fundamentals, they need different metrics. funds from operation is one metric that can be used for v...
by LH
Fri Apr 25, 2014 11:11 am
 
Forum: Investing - Theory, News & General
Topic: Europe Developed REIT valuation?
Replies: 7
Views: 589

Re: Do you use a dry powder/tactical asset allocation strate

As there is the famous, dry powder mutual fund that takes this moronically easy trick, applies it, and beats passive index finds consistently..... It's ticker is...... Hmmmmm..... FPACX? 41% in cash as of 12/31/2013, 9.88% annual return over last 15 year ? Just to be clear, are you saying fpacx, em...
by LH
Thu Apr 24, 2014 6:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you use a dry powder/tactical asset allocation strategy?
Replies: 30
Views: 3234

Re: Can my computer hear me?

I work in computer security, and I can assure you that no companies out there are using your microphone to target advertisements. They are based on your search and browsing history. Install ad-block plus on your browser and forget about em. Heck yeah, it's not like all your emails are stored and se...
by LH
Thu Apr 24, 2014 5:24 am
 
Forum: Personal Consumer Issues
Topic: Can my computer hear me?
Replies: 54
Views: 9971

Re: Why Utah 529 instead of Vanguard 529?

I have both the vanguard Nevada 529 as well as Utah possibly for over ten years, definitely 5. Utah over time seems better, they constantly drop ERs, fees, etc over years. even for out of staters. It has a very good feel to it. It feels almost conscientious. Which is something I don't feel about any...
by LH
Wed Apr 23, 2014 11:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Utah 529 instead of Vanguard 529?
Replies: 33
Views: 3574

Re: POLL: why carry cash?

The Growing Perils of the Cashless Future http://www.cnbc.com/id/101605846 saw this headline, thought of this thread. Its ok, nothing special. Also, if a 2007,8 US event happens, and the ATMS do run dry next time, as was talked about in the media, it would be good to have cash on hand. Cash I think...
by LH
Wed Apr 23, 2014 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 14080

Re: FORUM REACHES 2,000,000 POSTS TODAY

: )

LH
by LH
Tue Apr 22, 2014 1:14 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 54
Views: 10439

Re: Hit your #, Still want to work, does your savings % chan

I have not per se hit my number, but I have cut back on work. I will save less as a result. Kids are 11, 12 now. In a few years they may not want to spend so much time with us. In 6-7 years, they will be gone to college. Kinda a sweet spot now in terms of the kids. No matter how much I would have sa...
by LH
Tue Apr 22, 2014 1:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 5358

Re: Do you use a dry powder/tactical asset allocation strate

Oh yeah Dry powder You hold cash, until prices are "low" then you buy. You win by this simple tactical maneuver of timing the market! You don't even have to do it yourself.... As there is the famous, dry powder mutual fund that takes this moronically easy trick, applies it, and beats passi...
by LH
Mon Apr 21, 2014 1:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you use a dry powder/tactical asset allocation strategy?
Replies: 30
Views: 3234

What is your net worth

I am not looking for a reply, just a poll response. Pick the number that you are under. If your net worth, assets-liabilities (include home equity and mortgage) is 300,000 you would choose the 500K option.
by LH
Wed Apr 16, 2014 6:09 am
 
Forum: Investing - Theory, News & General
Topic: What is your net worth
Replies: 37
Views: 6015

Re: Stocks: How Bad It Can Get

Calm Man, the correction was roughly from 16,600 down to 16,000 on the DOW but the news media really played it up and people scare easily. I know it was roughly 3% but when the media gets a hold of that watch out. A 30% correction will cause some folks to get religion. http://www.investopedia.com/t...
by LH
Wed Apr 16, 2014 6:03 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 6044

Re: Stocks: How Bad It Can Get

Pre 2007, I was using 50 percent drop starting tommorrow. I said if the market drop 50 percent tommorrow, it would not phase me. The actual market blowup really didnt hit me much mentally, I was fighting to not go more stock and sell bonds instead. Nowadays I use 70-90 percent drop mentally, a great...
by LH
Wed Apr 16, 2014 6:01 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 6044

Re: Japan Does not Show That Stocks are Dangerous

Japan Does not Show That Stocks are Dangerous Yes, it does. Japan shows that a market crash can last long enough to convert shallow risk into deep risk. For those looking at Japan and coming up with reasons after the fact is kind of like how black swans are always reasoned out--after the fact. Is a...
by LH
Wed Apr 16, 2014 5:52 am
 
Forum: Investing - Theory, News & General
Topic: Japan Does not Show That Stocks are Dangerous
Replies: 79
Views: 5284

Re: Japan Does not Show That Stocks are Dangerous

I am going to come to Bernston's defense here. Whether you disagree with his post or not or if you think there were problems with the data, there are things that emerge from this thread. First, valuations matter and they matter a whole lot. Or as Warren Buffett said, "Geometric progressions ev...
by LH
Wed Apr 16, 2014 5:30 am
 
Forum: Investing - Theory, News & General
Topic: Japan Does not Show That Stocks are Dangerous
Replies: 79
Views: 5284

what is a secured creditor, are muncipal bonds secured?

I have been following detroit with some interest: Detroit Files Debt-Cutting Plan http://online.wsj.com/news/articles/SB10001424052702303775504579396992180729508 or https://www.google.com/search?q=wsj+detroit&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&...
by LH
Tue Apr 15, 2014 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: what is a secured creditor, are muncipal bonds secured?
Replies: 2
Views: 256

Re: SCV premium is a history/math story, its not scientific

stocks are more risky, they must pay out more than bonds to get people to take the risk of stocks. sounds good, but completely wrong for past 50 years. You lost me here. No one knowledgeable believes the second clause of the first sentence. Indeed as stated you have an oxymoron. A statement that is...
by LH
Tue Apr 15, 2014 5:59 am
 
Forum: Investing - Theory, News & General
Topic: SCV premium is a history/math story, its not scientific
Replies: 46
Views: 3068
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