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Re: Water Powered Sump-Pump Backups?

Location: Michigan. Water powered backup: yes, absolutely.

You may find this video interesting.

http://www.youtube.com/watch?v=xCUKvwNrdik

Lev
by Levett
Wed Oct 01, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: Water Powered Sump-Pump Backups?
Replies: 19
Views: 873

Re: Chase Ultimate Rewards Program

" Chase Ultimate Rewards is one of the best programs out there" Man, you got that right. It's breathtaking the deals I've gotten out of the Rewards for hotels, rental cars, and airline tickets through Chase Sapphire Preferred/Ultimate Rewards. And now the insurance coverage has been extend...
by Levett
Sun Sep 28, 2014 6:29 pm
 
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 23
Views: 2692

Vanguard IRA snapshot

This is from today's VG homepage.

It may be of interest (it is to me).

https://personal.vanguard.com/us/insigh ... ion-092014

Levett 5
by Levett
Thu Sep 11, 2014 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard IRA snapshot
Replies: 0
Views: 190

Re: Anyone have a house with a pool?

Yes. We have a 42' x 20' in ground pool and live in the upper great lakes. Pool season runs from June through September. I use a professional to open and close (roughly $250 a pop). I follow a three-step process each week: algaecide, shock, clarifier. Say $75 monthly. I vacuum the pool. Large tubs o...
by Levett
Wed Sep 10, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2395

Re: 2013 Federal Reserve Survey of Consumer Finances release

As students of finance, this is invaluable information for many of us.

Levett 5
by Levett
Wed Sep 10, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: 2013 Federal Reserve Survey of Consumer Finances released
Replies: 9
Views: 1743

Re: need help choosing options at TIAA-CREF

I believe Larry Swedroe once characterized the TIAA Real Estate Account as roughly half equity/half fixed income. I hope I am not misrepresenting him. It is an "alternative investment," or as Morningstar characterizes it: an "other." It is not, however, "magical." :wink...
by Levett
Tue Sep 09, 2014 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: need help choosing options at TIAA-CREF
Replies: 34
Views: 1542

Re: Simplicity vs. Complexity

Hi Taylor, You wrote: " because Wall Street's marketing machine keeps churning out ever more options. " It's not just Wall Street that keeps suggesting "ever more options." I see a fair amount at this site, for example. And Vanguard is fairly constantly "improving" the ...
by Levett
Tue Sep 09, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Simplicity vs. Complexity
Replies: 50
Views: 3340

Re: 2013 Federal Reserve Survey of Consumer Finances release

Hi Bob,

The link makes for some informative but disturbing reading.

Levett 5
by Levett
Tue Sep 09, 2014 7:50 am
 
Forum: Investing - Theory, News & General
Topic: 2013 Federal Reserve Survey of Consumer Finances released
Replies: 9
Views: 1743

Re: The importance of discipline

Hi Browser. You found me (and I found myself a long time ago)--e.g., " Remember, you're working with a moron - yourself! Give the poor fellow a break. .." I have given myself a break. KISS works fine in my world. No doubt, there are many versions of KISS. It's whatever keeps floating our b...
by Levett
Mon Sep 08, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: The importance of discipline
Replies: 19
Views: 1368

Re: 50-50 Wellesley-Wellington or Total Bond-Total Stock

"Although you see a lot of the 50/50 W/W, it mostly done by investors with little experience. Holding both funds really doesn't make much sense. The two funds are too similar to add much diversification." With respect, you have made quite a number of (understandable, from one point of vie...
by Levett
Sat Sep 06, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: 50-50 Wellesley-Wellington or Total Bond-Total Stock
Replies: 68
Views: 5413

Re: 50-50 Wellesley-Wellington or Total Bond-Total Stock

The dynamic duo works splendidly in a tax-deferred account. Heresy alert : In a risk portfolio--for the vaguely "risk averse"-- you, uh, "rebalance" between the one and t'other (they are essentially different versions of a similar portfolio) depending on what your lizard brain te...
by Levett
Fri Sep 05, 2014 8:08 pm
 
Forum: Investing - Theory, News & General
Topic: 50-50 Wellesley-Wellington or Total Bond-Total Stock
Replies: 68
Views: 5413

Re: Peter Lynch was wrong

Lynch's book was published in 2000 and Lynch left Magellan in 1992. This is all old news. Levett 5 P.S. If someone were to take a poll, I wonder how many BHers recognize the name of Peter Lynch or John Neff or Michael Price or Max Heine or John Templeton? P.P.S They made alotta people alotta money.
by Levett
Fri Sep 05, 2014 7:54 pm
 
Forum: Investing - Theory, News & General
Topic: Peter Lynch was wrong
Replies: 64
Views: 6094

Re: Principal Protection

NEpt: Please, please don't settle for understanding "compound interest." There are many basic money management books that will not require your becoming a "sophisticated" investor. No one is going to care more about the success of your retirement than you. It's in your best inter...
by Levett
Fri Sep 05, 2014 4:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Principal Protection
Replies: 44
Views: 2047

Re: Principal Protection

NEpt asked: "Is there an English translation of what you posted ?" Yep. Translation: things ain't what they used to be . Also: caveat emptor. "liquidity fees and redemption gates" --e.g., you might be charged if you want your money and/or you may not be able to get your money at ...
by Levett
Fri Sep 05, 2014 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Principal Protection
Replies: 44
Views: 2047

Re: Principal Protection

Well, I would certainly familiarize myself with a recent change in SEC regs re MM funds--e.g., from the SEC website: "The SEC's proposal contained two principal alternative reforms that could be adopted alone or in combination, and additional diversification and disclosure measures that would a...
by Levett
Fri Sep 05, 2014 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Principal Protection
Replies: 44
Views: 2047

Re: Travel Insurance for a "trip of a lifetime"

Travelguard.

Used them many times.

You just never know.

Lev
by Levett
Wed Sep 03, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2428

Re: What Movie Have You Recently Watched?

Recently saw Calvary at the cinema--fine film but could be tough to watch--and The Attack on Netflix, another superb but difficult film to watch (it's better than the novel).

Guess it's time to watch The Hundred-Foot Journey. :wink:

Lev
by Levett
Tue Sep 02, 2014 4:04 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 105
Views: 4486

Re: WSJ: Firing One's Advisor

The article was a two-fer: a dumb client matched with a dumb adviser.

I guess this is what makes news.

Lev
by Levett
Sat Aug 30, 2014 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: WSJ: Firing One's Advisor
Replies: 18
Views: 2157

Re: My husband's " WILL", $ left for me to live on....

You say you signed a prenup.

Did you have separate counsel or did you work with one lawyer (obviously, his)?

If you lived in my state, and did not have separate counsel, your prenup would be not be legally binding.

Lev
by Levett
Thu Aug 28, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17410

Re: Any good studies on active vs. passive BEFORE fees?

Well, since Zweig's column has been mentioned, here's a different kind of recent response from John Rekenthaler.

http://news.morningstar.com/articlenet/article.aspx?id=662733

Lev
by Levett
Tue Aug 26, 2014 7:01 am
 
Forum: Investing - Theory, News & General
Topic: Any good studies on active vs. passive BEFORE fees?
Replies: 10
Views: 1002

Re: S&P500 over 2000

Well, I think the S & P 2000 enthusiasts should enhance their returns with leverage.

Why not go for the gusto?! :wink:

Lev
by Levett
Mon Aug 25, 2014 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 68
Views: 5445

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

" if Vanguard didn't have any of its index funds it would still be a substantial mutual fund company" Indeed. If you add the AUM of just seven Wellington managed funds--Div Growth, Equity Income, GNMA, Healthcare, HY Corporate, Wellesley, and Wellington--you will see a total quite near $25...
by Levett
Thu Aug 21, 2014 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 7027

Re: Subaru Blues

Hiker NC wrote: " A tip on buying: once you test-drive the Subaru and decide what model and options you like, email all the Subaru dealers anywhere near you and invite them to bid on the car you want, listing the exact optional equipment you want. Then sit back in your den and wait for their &q...
by Levett
Thu Aug 21, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: Subaru Blues
Replies: 87
Views: 8058

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

" Eschew ." Now that's how I like to start my day! I can chew on that one. ;-) RE Pingo's comment--e.g., " contest inside of me between the enthusiast and the contrarian ." My solution remains to divide the risk portfolio between Active Lite and Index. I, too, get twitchy about V...
by Levett
Thu Aug 21, 2014 7:26 am
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 7027

Re: Is a 16% expense ratio technically possible?

A fool and his money are soon parted.

Lev
by Levett
Mon Aug 18, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: Is a 16% expense ratio technically possible?
Replies: 15
Views: 1510

Re: Would you buy these funds that were recommended?

"He just gave us a selling point"

Yes.

That's what they do.

Lev
by Levett
Mon Aug 18, 2014 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1530

Re: 'Risk Creep' - new term

Good catch on FDIC, Valuethinker. Here's some more from the FDIC Wiki. "Full Faith and Credit"[edit] In light of apparent systemic risks facing the banking system, the adequacy of FDIC's financial backing has come into question. Beyond the funds in the Deposit Insurance Fund above and the ...
by Levett
Sun Aug 17, 2014 8:09 am
 
Forum: Investing - Theory, News & General
Topic: 'Risk Creep' - new term
Replies: 26
Views: 2343

Re: When did you downsize?

Lots of thoughts, but I'm not much help. Test drove condos during the winter but seeing friends and grandchildren in the house and around the pool (a bit of a pain to be sure) still not ready to give in. Looks like "aging in place," and eventually more hired help. :annoyed I wish you a goo...
by Levett
Thu Aug 14, 2014 4:10 pm
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3286

Re: Grade Vanguard's performance: is 77% an A?

Frankly, I think VG publishing this "stuff" is a distraction. I have my own goals. If my Vanguard choices meet those goals, I'm happy. I don't care about Vanguard's peers. I do understand that Vanguard, like any other fund company, is always fishing for new business. Sell the sizzle doesn'...
by Levett
Thu Aug 14, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: Grade Vanguard's performance: is 77% an A?
Replies: 10
Views: 752

Re: three reading recommendations

Montier's book, which came out in 2010, is indeed bracing. One might begin on p. 174--the section entitled "The Dangers of Groupthink." He explicitly identifies 8 symptoms. And, echoing Robert Shiller, Montier expresses considerable skepticism about "academic finance"--e.g., (p. ...
by Levett
Wed Aug 13, 2014 5:54 pm
 
Forum: Investing - Theory, News & General
Topic: three reading recommendations
Replies: 11
Views: 1836

Re: MAGI for Medicare Rates

" Sscritic is saying that this country penalizes taxpayers who legally receive a higher income by raising the rate of Medicare payments. How progressive." Is that what Sscritic said? I'm sure he will confirm or deny or expand. :wink: The missus and I pay IRMAA. We don't feel abused. We fee...
by Levett
Tue Aug 12, 2014 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1861

Re: Robin Williams

A creative genius. An American treasure.

Lev
by Levett
Mon Aug 11, 2014 8:00 pm
 
Forum: Personal Consumer Issues
Topic: Robin Williams
Replies: 42
Views: 4644

Re: is the S&P actively managed?

Pick your target fund, SS. Example: Vanguard Target Retirement 2030 Fund (VTHRX) **Derived by applying the fund’s target asset allocation to the results of the following benchmarks: for international stocks of developed markets, the MSCI EAFE Index through December 15, 2010, the MSCI ACWI ex USA IMI...
by Levett
Mon Aug 11, 2014 10:22 am
 
Forum: Investing - Theory, News & General
Topic: is the S&P actively managed?
Replies: 10
Views: 1303

Re: Understanding implications of Shiller CAPE on retirement

Nisiprius observed: " Right now, one of the things "everyone" is saying, the "sure thing" is that returns from both stocks and bonds will be far lower going forward than they used to be. " Then again the SEC boilerplate--e.g. " Past performance does not guarantee f...
by Levett
Sat Aug 09, 2014 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Understanding implications of Shiller CAPE on retirement
Replies: 27
Views: 2436

Re: What is "risk on, risk off" supposed to mean? Is it real

You might enjoy John Authers' take from the Financial Times.

http://lexicon.ft.com/Term?term=risk-on,-risk-off

Wait for the audio.

I rather suspect this is not what some folks had in mind. :wink:

Lev
by Levett
Fri Aug 08, 2014 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: What is "risk on, risk off" supposed to mean? Is it real?
Replies: 7
Views: 652

Re: Who or what inspired you and your investing approach?

John Biggs (TIAA), John Bogle, John Neff (also Vanguard, but some may be too young to remember him!).

As for playing defense as a retiree, Mandelbrot for sure!

Lev
by Levett
Thu Aug 07, 2014 7:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4442

Re: Will global entry or TSA Precheck help me?

"Maybe they were unusually backed up, and that probably varies by location ." Yes, it does vary by location. My wife and I applied for GE (we already had TSA Pre) because we travel overseas. The time between application and interview/approval was 2 weeks. Prior to the interview, I met som...
by Levett
Tue Aug 05, 2014 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Will global entry or TSA Precheck help me?
Replies: 27
Views: 1771

Re: How old are you?

Now that nearly 400 votes have been cast I find the poll fascinating. Thanks for doing this.

Lev (one of the geezers :D )
by Levett
Thu Jul 31, 2014 3:29 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 82
Views: 7896

Re: Goodbye and Good Luck!

"I have reached a zen-like calm"

Well done, Jason

Enjoy your family and new home.

Have a great life.

Lev
by Levett
Tue Jul 29, 2014 7:45 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Goodbye and Good Luck!
Replies: 12
Views: 2653

Re: Do Bogleheads Feel Wealthier?

I certainly believe a "wealth effect" exists (whether in fact or simply psychologically), but I sure don't feel "wealthier" simply by posting at any financial website.

I find the question both revealing and odd. :confused

Lev
by Levett
Tue Jul 29, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4696

Re: Annuities and asset allocation

"If instead of an annuity, one laddered CDs or TIPS for the duration of their life expectancy, I think most people would view that as fixed income and not a pure income stream" Yes, I would, because I can liquidate either in an instant. But see if you can "cash out" of an SPIA o...
by Levett
Mon Jul 28, 2014 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and asset allocation
Replies: 32
Views: 1552

Re: Annuities and asset allocation

dbr said: "Why not call an income stream an income stream."

That's what I do.

Ditto Social Security.

Lev
by Levett
Mon Jul 28, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and asset allocation
Replies: 32
Views: 1552

Re: Vanguard sued for charging too little

dodecahedron,

I appreciate your commentary, especially being both a TIAA-CREF and VG investor. :wink:

Lev
by Levett
Sun Jul 27, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 21594

Re: Old people and financial advisors - a family tale

" Old people. What can you do ?" That's just a silly generalization. Maybe I should counter: " Younger people--what do they really know ." You saw but didn't observe. He's a lonely man (widower), possibly cognitively impaired, and has been befriended (exploited?) by a trusted adv...
by Levett
Sat Jul 26, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5738

Re: Vanguard quietly adds longevity annuities

Thank you for bringing this up, Nisi. I have no interest in a longevity annuity, but lacking your delicacy I would use somewhat stronger language than "disappointing" to describe my response to the product. :twisted: I sure hope folks who jump at these puppies understand the risk they are ...
by Levett
Sat Jul 26, 2014 9:18 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 6941

Re: Q&A with the Experts at 2014 Bogleheads Conference

Re the target date funds, here's what a principal at Vanguard said that may offer a clue: http://vanguardadvisorsblog.com/2013/11/13/smart-beta-tilts-bets-and-active-strategies/ One sentence, in particular, jumps out at me: "I still think deviations from a traditional index should be thought of...
by Levett
Mon Jul 21, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Q&A WITH THE EXPERTS AT THE 2014 BOGLEHEADS CONFERENCE
Replies: 37
Views: 12315

Re: Value Overvalued

JPM believes in slice n' dice subsidiaries, as Senator Warren recently pointed out as she questioned Fed Chair Yellen. " Warren has some concerns regarding JPMorgan's living will, which she notes has been approved each of the last years. Compared to JPMorgan, Warren said Lehman was "tiny.&...
by Levett
Mon Jul 21, 2014 9:31 am
 
Forum: Investing - Theory, News & General
Topic: Value Overvalued
Replies: 23
Views: 2351

Re: A Romney Problem

Me. I paid my taxes.

Lev
by Levett
Fri Jul 18, 2014 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Romney Problem
Replies: 16
Views: 2051

Re: If You Can Free Kindle/NOT Free Paperback Available

"For years I've thought about an eleemosynary project to help today's young people invest for retirement because, frankly, there's still hope for them, unlike for most of their Boomer parents ." Really? Evidence? We do know that boomers, to a great extent, expect to work longer than the t...
by Levett
Fri Jul 18, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: If You Can Free Kindle/NOT Free Paperback Available
Replies: 9
Views: 1818

Re: Jeremy Grantham pokes holes in EMH

Ah. But the man writes so well. He's a blast to read. ;-)

Lev
by Levett
Fri Jul 18, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: Jeremy Grantham pokes holes in EMH
Replies: 16
Views: 2196
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