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Re: Money Market

Does anyone have a money market account with Vanguard? My bank offers one with the same rate as my savings account but I was wondering if I should go with Vanguard instead. Vanguard offers a money market mutual fund , which is quite different from the money market accounts offered by banks, althoug...
by Phineas J. Whoopee
Mon Jul 28, 2014 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Money Market
Replies: 5
Views: 634

Re: Hedging With Inverse Corporate Bonds (Research)

Inverse ETFs don't work the way a person might think just based on their name. It's entirely different, and over periods longer than a market day (even if only overnight) the value should be expected to show a persistent downward bias relative to market results. Occasionally they'll do a reverse spl...
by Phineas J. Whoopee
Sat Jul 26, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: Hedging With Inverse Corporate Bonds (Research)
Replies: 3
Views: 439

Re: SEC Adopts Money Market Fund Reform Rules

... Among the informed class of investor here, does anyone anticipate that a money market fund you aren't forced to use would be likely to have enough yield premium to justify risking a liquidity delay or haircut when you need the money most? ... Hi Johno, Well, I never know what the future will br...
by Phineas J. Whoopee
Fri Jul 25, 2014 10:17 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: SEC Adopts Money Market Fund Reform Rules

It is about time that investors who buy money market securities through mutual funds bear the risk of those securities. Ron Sure - just let individuals and companies have accounts at the Fed to hold their cash, and I'll agree . Until then, can't agree with this thinking . You might just as easily s...
by Phineas J. Whoopee
Fri Jul 25, 2014 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: SEC Adopts Money Market Fund Reform Rules

Anyone care to comment on how this would play out in a state 529 plan? I would never choose to put money in a money market fund, given any other option. But my childrens' 529 funds have no other "safe" cash choices whatsoever. No FDIC insured savings accounts or CDs. My allocation glide p...
by Phineas J. Whoopee
Fri Jul 25, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: SEC Adopts Money Market Fund Reform Rules

Hi RM,

Investigating further on Monday sounds like a good plan. In the mean time, Schwab Bank's FDIC-insured savings account pays 0.12%. If you want to use such vehicles, other online banks also offer IRAs, and some pay a lot more.

PJW
by Phineas J. Whoopee
Fri Jul 25, 2014 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: SEC Adopts Money Market Fund Reform Rules

... Yes, but... Doesn't money from selling any fund (bond or equity) have to go into a money market fund, from which it can then be withdrawn? Or can one have a mutual fund sold and get the proceeds directly, without first having the proceeds land in a money market fund? (This would be in tax-defer...
by Phineas J. Whoopee
Fri Jul 25, 2014 7:47 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: New Rules For Money Market Funds.

Thanks Taylor. The information seems more complete than that which was available earlier in the week, as the article itself references. [Thread merged, see below. --admin LadyGeek] Bogleheads: Morningstar has published the new rules for Money Market Funds: Taylor is quoting the rules that apply to a...
by Phineas J. Whoopee
Fri Jul 25, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: Temptations and Dangers of Higher-Yielding Funds

... Huh? What are you ranting about? Larry Swedrow recently had a post concerning correlation of corporate bonds with equities. M* has a similar take in its article. Where do the egg sucking and dollar bills come into it? I'm, to echo your word, ranting about your OP. If I may quote you quoting Mor...
by Phineas J. Whoopee
Thu Jul 24, 2014 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: Temptations and Dangers of Higher-Yielding Funds
Replies: 11
Views: 960

Re: Conservative Assumptions For Retirement Calculators

I use zero percent real for the entire portfolio, including in online calculators. Probably it will wind up being better, which means probably it will be safe for me to spend a little more a little later, so I may consume Champagne and caviar instead of beer and peanuts, but for early planning and a...
by Phineas J. Whoopee
Thu Jul 24, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative Assumptions For Retirement Calculators
Replies: 13
Views: 1272

Re: Temptations and Dangers of Higher-Yielding Funds

"Income." That's the problem. The concept is the extent of the problem, is the whole problem, and nothing other than it is the problem. Doc, I don't mean to teach my grandmother to suck eggs. No offense, OK? I had a really good relationship with the grandmother I'm thinking about, if that ...
by Phineas J. Whoopee
Thu Jul 24, 2014 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: Temptations and Dangers of Higher-Yielding Funds
Replies: 11
Views: 960

Re: HSA and ObamaCare subsidies

IRC 36B(d)(2)(B) has the definition of MAGI that is used for determining Affordable Care Act subsidies: http://www.law.cornell.edu/uscode/text/26/36B#d On the 2013 IRS form 1040, the HSA deduction, supported by form 8889, appears on line 25, "above the line." Yes, it is excluded from MAGI...
by Phineas J. Whoopee
Thu Jul 24, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 12
Views: 1180

Re: Do you own a DOW30 or NASDAQ100 index fund?

I voted no, for the same sorts of reasons. The arguments against index funds, which barely make sense at all, only apply to partial-market ones (and even there we're better off than with PickPocket Mutual). I like a full representation of company sizes and industries, globally, although for reasons ...
by Phineas J. Whoopee
Thu Jul 24, 2014 4:24 pm
 
Forum: Investing - Theory, News & General
Topic: Do you own a DOW30 or NASDAQ100 index fund?
Replies: 14
Views: 747

Re: Consumer staples funds?

Hi fundseeker,

I don't know what specifically motivated your question, but we discussed that very topic earlier this week. See viewtopic.php?f=10&t=143412#p2130154.

PJW
by Phineas J. Whoopee
Thu Jul 24, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Consumer staples funds?
Replies: 2
Views: 309

Re: Balancing saving with living now. (how do you do it?)

This thread from before I began posting here having been resurrected prompts me to say the way I accomplish it is to make saving and investing an enjoyable part of living. Maybe some people aren't constitutionally suited, but it works for me. Any time I've ever wavered all I did was think back to wh...
by Phineas J. Whoopee
Thu Jul 24, 2014 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Balancing saving with living now. (how do you do it?)
Replies: 25
Views: 5022

Re: Bond strategy resilient to rate increase

... So, the past data suggests that the FOMC decisions are actually not *new* information for the market, and my assumption was not correct. I believe the key reason for this is that the Fed is practically talking to the markets every week and keeping them up to speed with their latest thinking , s...
by Phineas J. Whoopee
Thu Jul 24, 2014 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 13
Views: 1516

Re: SEC Adopts Money Market Fund Reform Rules

Are there ANY changes in the new SEC regs that would affect the retail investor , specifically those using money market funds within IRA/403b/etc., type accounts. Most of what I'm reading emphasizes that they won't break the buck on those retail accounts, but the part(s) about restricting withdrawa...
by Phineas J. Whoopee
Thu Jul 24, 2014 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: Old Mortgage about to 'fall off' credit report - now wha

I'd say just keep paying all your bills in full and on time with checks (or whatever) that don't bounce and don't worry about it. There's a cultural emphasis on credit scores which goes beyond the rational. Scores, so to speak, exist to give computers a number that they can use to implement their pr...
by Phineas J. Whoopee
Thu Jul 24, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Old Mortgage about to 'fall off' credit report - now what?
Replies: 13
Views: 1406

Re: OK, Just What is the SEC Trying to Do with MM Funds ...

... And are any alternatives starting to look better? Or, in this world, is "safe haven" now only a naive and charmingly antiquated concept? Yes, there are alternatives which look better and better all the time. Online savings accounts, which are FDIC insured so long as you title the acco...
by Phineas J. Whoopee
Wed Jul 23, 2014 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Re: Predict: S&P Doubles or Halves First?

Really? The entire (future) history of the Earth? From 2000 on? All your other time periods ended. This one won't? :happy PJW I bet nothing is quite as disappointing as living during the end of a time period. Just wait until shortly before the Big Rip! The distance from your brain to your toes will...
by Phineas J. Whoopee
Wed Jul 23, 2014 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: Predict: S&P Doubles or Halves First?
Replies: 36
Views: 2698

Re: years of investing and balances

Does investing include paying down and then off my student loans by spending less than I earned, or only buying mutual funds with the money I formerly sent to my creditors monthly, which, over the mid-term, resulted in lower returns than the interest rates on my then-earlily-retired previous debts? ...
by Phineas J. Whoopee
Wed Jul 23, 2014 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: years of investing and balances
Replies: 23
Views: 1936

Re: With all these recent posts regarding tilts, should I?

No. Perhaps you should be a tilter, and perhaps not, but the number of recent posts has nothing to do with it. If that's your decision criterion, don't tilt. If you're convinced by the arguments then consider it, but even the most ardent rational supporters don't claim it will improve results by a l...
by Phineas J. Whoopee
Wed Jul 23, 2014 8:14 pm
 
Forum: Investing - Theory, News & General
Topic: With all these recent posts regarding tilts, should I?
Replies: 14
Views: 1013

Re: Reverse Savings Rates

I view everything as a tradeoff. There is nothing else. Every spending decision is coupled with a saving decision. I've settled on setting a budget and it's no problem to spend all of it, but the budget, in and of itself, embodies the tradeoff. My present me is thankful to my former self for maintai...
by Phineas J. Whoopee
Wed Jul 23, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: Reverse Savings Rates
Replies: 5
Views: 1008

Re: Consumer Staples > Total Index?

Proposition: Consumer Staples > Total Index Proof: Consumer Staples is a subset of Total Index Conclusion: Consumer Staples < Total Index The proposition is false. Proposition: Patrick O'Shaughnessy's blog at millennialinvest.com is fit to be used as a guide for tilting away from or even replacing t...
by Phineas J. Whoopee
Wed Jul 23, 2014 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: Consumer Staples > Total Index?
Replies: 9
Views: 815

Re: Opinions - What to do with $50k for 12mos

12 month CD. The person should use this site to find the best: http://www.depositaccounts.com/cd/

Nothing other than a appropriately-termed fixed-income instrument is reliable enough, not even a short-term bond fund, and money market mutual funds are even worse, today at least.

PJW
by Phineas J. Whoopee
Wed Jul 23, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions - What to do with $50k for 12mos
Replies: 8
Views: 880

Re: Susie Orman says buy individual Munis instead of Bond fu

placeholder wrote:
LAlearning wrote:She says a lot of things, such as having a lot of money.

I don't understand this.

If I may, I believe LAlearning is reporting that she says having a lot of money would be desirable.

She's certainly setting her paying audience a good example, on that front.

PJW
by Phineas J. Whoopee
Wed Jul 23, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Susie Orman says buy individual Munis instead of Bond funds
Replies: 15
Views: 2844

Re: small cap stocks overvalued

I am thinking about selling all shares of the Schwab small cap stock ETF (SCHA) in my 401(k), and becoming more defensive by buying a dividend stock ETF using the proceeds of the sale. Is this a good idea given that the market is getting overvalued and a correction is inevitable ? I think I'm overw...
by Phineas J. Whoopee
Wed Jul 23, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: small cap stocks overvalued
Replies: 5
Views: 686

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

Dow (neither an initialism nor an acronym) < 14,000 already happened first.

If you mean from here on out, then yes, your subject line is absolutely correct. Dow > 20,000 or Dow < 14,000 will happen first.

PJW
by Phineas J. Whoopee
Wed Jul 23, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3083

Re: Predict: S&P Doubles or Halves First?

Clive wrote:...
Post 2000 US in relative decline, others gaining (Euro/China)

Really? The entire (future) history of the Earth? From 2000 on? All your other time periods ended. This one won't? :happy
PJW
by Phineas J. Whoopee
Wed Jul 23, 2014 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: Predict: S&P Doubles or Halves First?
Replies: 36
Views: 2698

Re: Predict: S&P Doubles or Halves First?

You do realize that if the S&P 500 doubles (goes up by 100%) it will only have to go down by 50% to lose it aaaallllllll!!!!! ! And, should the S&P 500 index lose, say, 900 points, it will have to go up by 900 points to gain it all back, ignoring dividends (which the index does)? Anyway, for...
by Phineas J. Whoopee
Wed Jul 23, 2014 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Predict: S&P Doubles or Halves First?
Replies: 36
Views: 2698

Re: Best Coffee Maker? What do you have?

"Make everything as simple as possible, but not simpler." A.E. [picture of a Miletta manual-pour cone] That's what I use, in artful combination with a whistling kettle and my stovetop. There's lots of info on lots of makers on pennstater2005's thread s/he linked to. To save OP time, the u...
by Phineas J. Whoopee
Wed Jul 23, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 63
Views: 4076

Re: SEC Adopts Money Market Fund Reform Rules

Happy to hear it! :sharebeer Institutions generally aren't slouches. They understand the underlying assets as well as anybody. Their primary reason for using money market funds isn't to fool themselves, but to make their balance sheets look better while still complying with GAAP and reaping the regu...
by Phineas J. Whoopee
Wed Jul 23, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 2731

Scary Press - It's All in the Assumptions

Record IRA Contributions May Not Save Retirement - NBC News Whether the news is scary or not seems to depend on the assumptions made by the reporter, editor, publisher, and sponsors: Consumers' IRA contributions have hit record levels, but the extra funds may not be enough to save for retirement. A...
by Phineas J. Whoopee
Wed Jul 23, 2014 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: Scary Press - It's All in the Assumptions
Replies: 2
Views: 377

Re: P/E Ratio: How do YOU interpret/use it?

I interpret it to be the numerial comparison of the price of the stock to its most recently officially reported earnings per share. I use it to razzle dazzle my friends who assumed I must be ever so smart if I can use the term "P/E ratio" in a sentence. In my investing choices it hasn't en...
by Phineas J. Whoopee
Tue Jul 22, 2014 12:36 am
 
Forum: Investing - Theory, News & General
Topic: P/E Ratio: How do YOU interpret/use it?
Replies: 26
Views: 1347

Re: Can it be wrong to be too risk averse?

Appropriate risk aversion depends on your brother's own particulars. You're not really asking the question you wrote in the subject line, are you? You're really asking whether your brother is too risk averse, and the answer is we won't even have any way to start to form a speculative opinion unless ...
by Phineas J. Whoopee
Mon Jul 21, 2014 11:46 pm
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2311

Re: Does Fund Inception Date Matter?

Hi Teach! Well done re improving the investment lineup for yourself and your colleagues. The more a fund deviates from an index the longer the track record a person might want to see, and for a newcomer fund family the same. Vanguard has proven itself to be very good at running index funds, except f...
by Phineas J. Whoopee
Mon Jul 21, 2014 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Fund Inception Date Matter?
Replies: 3
Views: 410

Re: Portfolio Withdrawal 4% rate with Ceiling and Floor

Hi all, my first post, I think. It's been a while since I came to this site. I'm 66, married, and retired at 61 and my wife (65) also retired at 61. Naturally, I am concerned about my retirement nest egg lasting us - until our early 90's, anyway. (I know Vanguard goes to 100 in their simulations bu...
by Phineas J. Whoopee
Mon Jul 21, 2014 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Withdrawal 4% rate with Ceiling and Floor
Replies: 8
Views: 983

Re: Bond strategy resilient to rate increase

Hi - Goal: develop a bond strategy that is resilient to an increase in short term interest rates ... What are your thoughts? Am I missing something and/or are there better alternatives ? Thanks a lot, this was my first post :) HI tom8584, and welcome to the forum! Yes, you are missing the facts tha...
by Phineas J. Whoopee
Mon Jul 21, 2014 9:06 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 13
Views: 1516

Re: Faber: S&P 500 an Active Fund in Drag

The S&P was a total market average , occasionally growing with new, approved listings, until the S&P committee decided to stop at 500 businesses. Seems a little late to criticize that decision using current info that was not available then. Rein in that straw horse. I agree with your reason...
by Phineas J. Whoopee
Mon Jul 21, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Faber: S&P 500 an Active Fund in Drag

You've made a specific claim, to wit, that a cap-weighted index of the 500 largest US publicly traded stocks shows results very little different from the 500 index S&P publishes. Your claim, your burden of proof. I took Nisi's post as demonstrating that. I concede the point. The major claim I m...
by Phineas J. Whoopee
Sun Jul 20, 2014 2:41 pm
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Faber: S&P 500 an Active Fund in Drag

... Sorry, then I just didn't understand. It seemed to me like you were picking arguments with Larry and Berntston, whose views seemed consistent with the one I summarized above. But if you agree with it then we're all on the same happy page . No, we aren't, not yet. You've made a specific claim, t...
by Phineas J. Whoopee
Sun Jul 20, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Faber: S&P 500 an Active Fund in Drag

... Nothing you say refutes the proposition that the S&P 500 index is deliberately designed to be marginally different from a cap-weighted index of the largest 500 equities, and that the motivation for deviating is to reap private rewards to S&P . I should hope not. In this very thread I've...
by Phineas J. Whoopee
Sun Jul 20, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Faber: S&P 500 an Active Fund in Drag

Given the close correlation between the S&P 500 and the total market, why does the S&P 500 exist in the first place? Was it because S&P thought the "leading 500 companies" would perform substantially differently than the largest 500 companies or the total market as a whole? We...
by Phineas J. Whoopee
Sun Jul 20, 2014 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Faber: S&P 500 an Active Fund in Drag

... So I conclude that Larry is right. Right about what? That it isn't an attempt to reflect price movements in the US stock market as a whole? Do you (Larry: please chime in if you like) think it specifically is an attempt to do something else? What would that be? I'm not failing to notice the con...
by Phineas J. Whoopee
Sun Jul 20, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Faber: S&P 500 an Active Fund in Drag

Phineas FWIW, I don't buy that argument by S&P. If that was their purpose they could simply have made it the top 500 stocks by market cap. Larry You don't have to purchase anything you don't want. :happy If it isn't their purpose why do they track total US market indices so well? How well do th...
by Phineas J. Whoopee
Sun Jul 20, 2014 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Ways to lose money and destroy personal wealth by invest

Choose your investments to express your political opinion.
PJW
by Phineas J. Whoopee
Sun Jul 20, 2014 10:56 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9242

Re: Faber: S&P 500 an Active Fund in Drag

It is ironic that the largest and most famous index, the S&P 500, is really an active fund in drag. It has momentum rules (market cap weighting), fundamental rules (four quarters of earnings, liquidity requirements), and a subjective overlay (committee input). Does that sound passive to you? Th...
by Phineas J. Whoopee
Sun Jul 20, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3513

Re: Very high interest rate in other countries? How come?

ralph124cf wrote:...
For these foreign currency denominated CDs, does FDIC insurance apply?

Ralph

Hi Ralph,

Please find the answer to your own question, I suggest starting with https://www.everbank.com/, and report back with the result.

PJW
by Phineas J. Whoopee
Wed Jul 16, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Very high interest rate in other countries? How come?
Replies: 44
Views: 3202

Re: "The Incredibly Shrinking Financial System" by Jack Bogl

From the article: In fact, America's corporations are the true value creators. Wall Street firms, with their excessive intermediation costs, are value destroyers. I don't agree. Providing liquidity in financial markets, underwriting stock and bond offerings, and advising on mergers and acquisitions...
by Phineas J. Whoopee
Wed Jul 16, 2014 4:37 pm
 
Forum: Investing - Theory, News & General
Topic: "The Incredibly Shrinking Financial System" by Jack Bogle
Replies: 10
Views: 1614
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