Search found 3420 matches

by Phineas J. Whoopee
Sun Jul 05, 2015 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: FDIC insurance / SIPC insurance / etc.
Replies: 6
Views: 428

Re: FDIC insurance / SIPC insurance / etc.

... They're held by one of several large custodian banks. That means even if a brokerage firm fails your securities are safe, unless the brokerage firm has been committing fraudulent acts and not reporting client activity correctly. Again, think Bernie. Thanks, Steelersfan, for the addition, and if...
by Phineas J. Whoopee
Sun Jul 05, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: FDIC insurance / SIPC insurance / etc.
Replies: 6
Views: 428

Re: FDIC insurance / SIPC insurance / etc.

... Question: I have a significant amount of cash in my portfolio, and the Greek crisis has now started to cause me to be concerned about FDIC insurance limits. What is your concern? That the FDIC and the US banking system in general will fail to pay up to the insured limit ($250,000) under the pro...
by Phineas J. Whoopee
Sun Jul 05, 2015 10:15 am
Forum: Investing - Help with Personal Investments
Topic: How do you determine your personal glide path?
Replies: 23
Views: 2205

Re: How do you determine your personal glide path?

... I feel like settling on an asset allocation is one of the biggest challenges the younger investor faces. It is so tough to estimate where your need, ability, and willingness to take risk lie with so many variables in the air. That challenge gets magnified when thinking about how those variables...
by Phineas J. Whoopee
Sat Jul 04, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 41
Views: 2629

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

I appreciate OP's question was about discovering what the money goes toward. The envelope system suggestion, once again not something Dave Ramsey invented, is intended to identify precisely what it is that's over budget. It will reveal it like none other, and with no effort. I also appreciate that m...
by Phineas J. Whoopee
Sat Jul 04, 2015 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 41
Views: 2629

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

It's low-tech, old-fashioned, and ruthless. Go to cash and use the envelope system . Once you've brought your spending under the control of your own will, you can branch out to earn a little interest. I don't suppose that's an answer you were hoping for. It will work anyway. And no, Dave Ramsey didn...
by Phineas J. Whoopee
Sat Jul 04, 2015 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I check my accounts online?
Replies: 20
Views: 1667

Re: How often should I check my accounts online?

I have no idea what you should do, but here's what I do and why: Because I'm comfortable with and used to, as opposed to uncomfortable with and unused to, computing and networking technologies, I don't trust every last plugged-in individual in the world any farther than my grandmother can throw them...
by Phineas J. Whoopee
Sat Jul 04, 2015 11:13 am
Forum: Investing - Theory, News & General
Topic: Valuation-based asset allocation (as of 7-3-15)
Replies: 11
Views: 801

Re: Valuation-based asset allocation (as of 7-3-15)

Yes. Certainly. When valuations change such that my stock/bond ratio deviates from target by more than 5% (I'll tolerate less than or equal to), and it shows up when I make my quarterly evaluation, I rebalance. Rarely do the circumstances occur, although there was a time a few years ago when rarely ...
by Phineas J. Whoopee
Sat Jul 04, 2015 10:54 am
Forum: Investing - Theory, News & General
Topic: Total International Stock Index deviated from index
Replies: 6
Views: 1013

Re: Total International Stock Index deviated from index

Fair value pricing, if not the entire answer, is at the very least part of the answer. Not only can the estimated values of foreign securities change due to information which became public after their market close, Total International is priced in US dollars, whereas the securities are priced in the...
by Phineas J. Whoopee
Sat Jul 04, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: How do you determine your personal glide path?
Replies: 23
Views: 2205

Re: How do you determine your personal glide path?

Compound wrote:...
4. Set a glide path based upon achieving milestones on the path to financial independence. In essence, change asset allocation based upon portfolio size in reference to goals.
...
How do you set your glide path?

The fourth one.
PJW
by Phineas J. Whoopee
Thu Jul 02, 2015 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Dividends
Replies: 9
Views: 1276

Re: Bond Fund Dividends

To amplify David's point, that's one aspect of the word "fixed" in "fixed income." You buy it, you own it, and there's no magic to help you later. Barring default, or significant rating changes, you get what you signed up for, no more and no less. Bonds are neither stocks nor zer...
by Phineas J. Whoopee
Thu Jul 02, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator for late starters
Replies: 19
Views: 1792

Re: Social Security Calculator for late starters

Major correction to the minor correction - up until age 60 the numbers are adjusted based on average earnings across the economy. For the next two years there is no adjustment, then starting from 62 there are adjustments again, based on CPI-W (the Consumer Price Index for Wage Earners and Clerical W...
by Phineas J. Whoopee
Thu Jul 02, 2015 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS Fund - dividends?
Replies: 21
Views: 1626

Re: TIPS Fund - dividends?

Abuss, Both of Vanguard's TIPS funds include accumulated interest and inflation adjustments in the NAV, just like all their stock funds include company dividends. These funds' dividends, therefore, are not meaningful in terms of drawing from a portfolio in order to meet one's retirement spending goa...
by Phineas J. Whoopee
Thu Jul 02, 2015 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator for late starters
Replies: 19
Views: 1792

Re: Social Security Calculator for late starters

US social security retirement benefits are complicated, as enacted and amended by Congress. The AnyPIA calculator recommended by earlier posters in this thread is fully flexible. The others make simplifying assumptions for you. In the fourth quarter of each year a designated panel makes three estima...
by Phineas J. Whoopee
Thu Jul 02, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop payment on this check?
Replies: 3
Views: 734

Re: Should I stop payment on this check?

Welcome Lis999! It seems obvious, but the next thing I'd do is ask your bank. Presumably there's a fee for stopping payment, but it may not be all that profitable for them. Anyhow, I've twice had vendors tell me the check didn't arrive, resulting in a late fee (one instance), and that I had no healt...
by Phineas J. Whoopee
Wed Jul 01, 2015 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Good morning/afternoon/evening 1st post :)
Replies: 2
Views: 357

Re: Good morning/afternoon/evening 1st post :)

Welcome breeksmaker pantsmachine. It doesn't appear you have a question, but I want to respond to your statement: ... I am only 5 months into this seismic change in my finances but i have already had two build up of dvidends to outweigh the trade cost and bought in further to Vanguard Indexes. ... T...
by Phineas J. Whoopee
Tue Jun 30, 2015 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 130
Views: 6675

Re: Obsessing towards zero balance on credit card.

Short answer: I keep track. Cruel answer: I keep in mind I have to pay back borrowed money. Longer and perhaps more useful answer: I have enough credit available, and use little enough of it, that it's OK if I get a credit card bill and pay it in full. Honestly, I'm not sure why people settle up wee...
by Phineas J. Whoopee
Tue Jun 30, 2015 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Delaying SEP-IRA contribution in the wake of Greek default
Replies: 5
Views: 447

Re: Delaying SEP-IRA contribution in the wake of Greek default

I'm pretty sure the other, at least major, participants in the capital markets also know Greek Finance Minister Yanis Varoufakis earlier today (30 June 2015) said Greece will not make its June payment to the International Monetary Fund (IMF); and that the IMF head said if the payment isn't made by c...
by Phineas J. Whoopee
Mon Jun 29, 2015 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: VDE lacking clean energy
Replies: 26
Views: 1210

Re: VDE lacking clean energy

I'm just saying that given the state of the energy market, the charter of the ETF is extremely overweight fossil fuels. ... I personally am in favor of a global shift to renewable energy, even if it costs some money to get there, and I have no illusions that it will happen without a compelling shor...
by Phineas J. Whoopee
Mon Jun 29, 2015 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: How do you Lazy portfolio funders deal with dips in the market?
Replies: 61
Views: 4809

Re: How do you Lazy portfolio funders deal with dips in the market?

Not sure you can tax loss harvest between multiple retirement accounts. Not sure wash sales are relevant. Tax loss harvesting applies only to taxable accounts, but the wash sale rule applies to having bought replacement shares that are "substantially identical" within 30 days prior to, or...
by Phineas J. Whoopee
Mon Jun 29, 2015 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: How do you Lazy portfolio funders deal with dips in the market?
Replies: 61
Views: 4809

Re: How do you Lazy portfolio funders deal with dips in the market?

... My question: In an event like today's where the market dropped 2+%, are you three ( or four) index funders doing any rebalancing or adding NEW money? ... Well, I'm pretty sure there are more than three or four of us here who use index funds, :wink: and I can't speak for the other two anyway, bu...
by Phineas J. Whoopee
Sun Jun 28, 2015 5:06 pm
Forum: Personal Consumer Issues
Topic: MS money plus and Win 8.1
Replies: 8
Views: 647

Re: MS money plus and Win 8.1

I run it on 8.1 with no problems. I keep both my (24-year) data file and the program itself backed up offsite. Around the time it was discontinued I tried to import my (then about 20-year) file into a number of products, including Quicken (which had made a special point of promoting a conversion too...
by Phineas J. Whoopee
Sun Jun 28, 2015 3:45 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Fixed-Maturity Bond Funds?
Replies: 29
Views: 2613

Re: Thoughts on Fixed-Maturity Bond Funds?

Hi rapporteur, OK : We disagree about what an ordinary bond fund is. "Ordinary" isn't a term of art in mutual funds. I specified what I meant by it, and you use a broader meaning. Let's not argue over trifles. Not OK : A rolling ladder of bonds is a rolling ladder of bonds. If we disagree ...
by Phineas J. Whoopee
Sat Jun 27, 2015 3:59 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... The imagery is distracting. For some reason alligators and ice cream is not helping me understand when normally they would. I understand that if the price goes down then the market cap weight is what it is and no sale is necessary. Fair enough, and I apologize if my explanation was less than he...
by Phineas J. Whoopee
Fri Jun 26, 2015 10:55 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

At any established secondary market price, nearly all the potential buyers disagree with nearly all the potential sellers. It's only when the most eager buyer and the most eager seller come together on a price that a trade happens. No other potential buyer was willing to pay so much, and no other po...
by Phineas J. Whoopee
Fri Jun 26, 2015 10:39 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... The imagery is distracting. For some reason alligators and ice cream is not helping me understand when normally they would. I understand that if the price goes down then the market cap weight is what it is and no sale is necessary. Fair enough, and I apologize if my explanation was less than he...
by Phineas J. Whoopee
Fri Jun 26, 2015 10:37 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... Granted, but it's hard to imagine that HFT will make a difference to long term buy and hold indexers. They're shaving off fractions of pennies. Am I missing something? Yes. You're missing that high-frequency traders have used technological innovations to eat the former liquidity-providers' lunc...
by Phineas J. Whoopee
Fri Jun 26, 2015 10:14 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... How do they adjust automatically without selling shares in this case? I'd like to answer using a simplified and somewhat silly example, but I trust it will communicate the point. If it does not, please say so and I'll try again. Let's imagine an economy in which there are only two publicly-trad...
by Phineas J. Whoopee
Fri Jun 26, 2015 9:50 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... I think the purpose of the market is for companies to raise capital, from the perspective of the company. All the rest is ancillary. The purpose of the primary market is for companies to raise capital, as you say. The primary market is where companies issue newly-created shares, and for that ma...
by Phineas J. Whoopee
Fri Jun 26, 2015 9:43 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... ...when index funds rebalance, they determine it's lost half of its value, and reduce their stake by a half (to reflect the current market) ... Hi Maynard, No, they do not do that. An index fund, as usually defined by market-cap, automatically self-adjusts as the values of its holdings fluctuat...
by Phineas J. Whoopee
Fri Jun 26, 2015 9:35 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

arjking wrote:What do you mean by "capital intensiveness"? The ability to leverage technology?

A capital-intensive business's costs are dominated by fixed capital. A labor-intensive business's costs are dominated by wages.

They are relative terms. Neither is absolute.

PJW
by Phineas J. Whoopee
Fri Jun 26, 2015 9:21 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

... Granted, but it's hard to imagine that HFT will make a difference to long term buy and hold indexers. They're shaving off fractions of pennies. Am I missing something? Yes. You're missing that high-frequency traders have used technological innovations to eat the former liquidity-providers' lunc...
by Phineas J. Whoopee
Fri Jun 26, 2015 8:31 pm
Forum: Investing - Theory, News & General
Topic: Can Good Investors Be Predicted In Childhood?
Replies: 6
Views: 896

Re: Can Good Investors Be Predicted In Childhood?

Can they be predicted? Sure.

Will the predictions be accurate? Given the changes to investing opportunities and conditions over time, nobody can ever find out.

There simply is no way, other than illegally acting on inside information, to remove risk from investing. There's nothing more to it.

PJW
by Phineas J. Whoopee
Fri Jun 26, 2015 8:00 pm
Forum: Investing - Theory, News & General
Topic: Too Much Indexing???
Replies: 44
Views: 3680

Re: Too Much Indexing???

In a practical sense, it will never happen. In a theoretical sense, it's an argument active, expensive, high-income investment managers make to confuse their vic^H^H^Hclients. If there were "too much" indexing, the price discovery mechanism in the markets would become informationally ineff...
by Phineas J. Whoopee
Fri Jun 26, 2015 6:28 pm
Forum: Personal Consumer Issues
Topic: Identity Theft Risk?
Replies: 3
Views: 751

Re: Identity Theft Risk?

I agree with the concern. I view my own birthday as meaningless, except as it relates to law (old enough to vote, old enough to actively choose not to legally smoke, old enough to escape 10% early-withdrawal penalties, that sort of thing). I had to explicitly opt out of the burgeoning tradition at w...
by Phineas J. Whoopee
Fri Jun 26, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date 2015- Low-credit-quality bonds?
Replies: 14
Views: 1911

Re: Target Date 2015- Low-credit-quality bonds?

There are a lot of things Vanguard's Portfolio Watch doesn't know about Vanguard's funds. In my 401(k), although I don't have access to any total US stock fund, I do have V's S&P 500 and Extended Market index funds, which I mix 80%/20% to approximate the US market as a whole. Portfolio Watch alw...
by Phineas J. Whoopee
Fri Jun 26, 2015 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pay outs
Replies: 3
Views: 532

Re: Pay outs

Welcome nutjob58. I agree with what IPer wrote, but maybe your question was about logistics. Our wiki has a page which covers the subject , but to briefly summarize, Vanguard pays dividends in cash, but you can issue standing instructions to use the cash to buy more shares of the same or a different...
by Phineas J. Whoopee
Fri Jun 26, 2015 3:44 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Fixed-Maturity Bond Funds?
Replies: 29
Views: 2613

Re: Thoughts on Fixed-Maturity Bond Funds?

An ordinary bond fund behaves precisely the same way as a rolling ladder of bonds, because it is a rolling ladder of bonds. At any given time it is, in fact must be, worth the market value of the underlying holdings. At any time, if you held such a fund, or such a rolling ladder, you could sell the ...
by Phineas J. Whoopee
Fri Jun 26, 2015 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Distribution Question
Replies: 9
Views: 1262

Re: Dividend Distribution Question

In addition to the tax lots issue noted by others - and I agree with dbr's observation that some people are better at handling them, even with the advent of covered shares - in taxable as you specified, you have to pay income tax on the distributions for the current year either way. If the distribut...
by Phineas J. Whoopee
Wed Jun 24, 2015 8:11 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 218
Views: 20347

Re: What was the 2008 crash like in real time?

... Some newspaper had taken a telephoto shot through the big windows of some meeting of people, one assumes receiving the bad news--might have been this one: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=168261&start=50#p2532700 and I could have sworn I could smell the armpit odor....
by Phineas J. Whoopee
Wed Feb 11, 2015 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: LTC will pay for assisted living
Replies: 15
Views: 1126

Re: LTC will pay for assisted living

That sounds to me like state law, not a universal principle I believe that's mandated by federal regulation. Good thing for me the rest of the sentence, which you silently elided, was: , but I suppose I could be wrong. ... Really, I don't mind being corrected. I do mind being deliberately and misle...
by Phineas J. Whoopee
Wed Feb 11, 2015 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: LTC will pay for assisted living
Replies: 15
Views: 1126

Re: LTC will pay for assisted living

... As I understand it, once you are a resident of a nursing you can't be thrown out if you run out of money and then qualify for Medicaid. At that point, I think that any income like SS gets turned over to the nursing home and you can stay indefinitely. ... That sounds to me like state law, not a ...
by Phineas J. Whoopee
Wed Feb 11, 2015 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1846

Re: A question about LTC insurance that no one asks

Doesn't your reasoning show Single Premium Immediate Annuities don't exist?
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1846

Re: A question about LTC insurance that no one asks

MathWizard wrote:...
A lot of this is a question of trust in a company which does not necessarily have its interests aligned with mine.

Aside from wishing to remain in the highly-regulated and therefore reliably-profitable insurance business, when is an insurer's interest ever aligned with a claimant's?
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: How/when does upgrade to Voyager Select happen?
Replies: 14
Views: 1792

Re: How/when does upgrade to Voyager Select happen?

The upgrade may not be automatic, but if it was (like it should be) it sure would make for a much better experience for the customer . You're right about that. I don't have inside knowledge, but based on hints and bits of information that come out from time to time, I think the infrequent automated...
by Phineas J. Whoopee
Wed Feb 11, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance?
Replies: 37
Views: 3870

Re: Long term care insurance?

Just one thought. Think of the runarounds that are not uncommon when it comes to health insurance claims. Now imagine you are incapable of representing yourself and you get those same runarounds from your LTCI company. Hopefully someone will be there to represent you. My plan, should I get there, i...
by Phineas J. Whoopee
Wed Feb 11, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: LTC will pay for assisted living
Replies: 15
Views: 1126

Re: LTC will pay for assisted living

It depends on the policy. Mine explicitly states it doesn't pay for living expenses except if one is in a nursing home. That probably makes it cheaper. It probably also means it was written more recently than your uncle's. Nonetheless, as I posted earlier today , I'm happy with my policy and plan to...
by Phineas J. Whoopee
Wed Feb 11, 2015 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1846

Re: A question about LTC insurance that no one asks

... OK, I get all that, but does anyone ever consider that they might need long term care before they get really old? That's the thing I worry about most. What if my husband and/or I were disabled and couldn't work? We have disability insurance, but what if we also needed care? ... I did, and it wa...

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