Search found 3402 matches

by Phineas J. Whoopee
Mon Jun 29, 2015 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: VDE lacking clean energy
Replies: 22
Views: 876

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: 44
Views: 2284

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: 44
Views: 2284

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: 610

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: 2454

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: 3565

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: 3565

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: 3565

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: 3565

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: 3565

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: 3565

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: 3565

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: 3565

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: 3565

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: 860

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: 3565

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: 725

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: 1873

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: 521

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: 2454

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: 8
Views: 1035

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: 217
Views: 18881

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: 1116

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: 1116

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: 1842

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: 1842

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: 1782

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: 3861

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: 1116

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: 1842

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...
by Phineas J. Whoopee
Wed Feb 11, 2015 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: How/when does upgrade to Voyager Select happen?
Replies: 14
Views: 1782

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

You could phone them and ask for the upgrade now, or wait until their business process says for their computers to evaluate accounts, which may be several months away. I don't know their processes.

I bet they'll upgrade you immediately if you ask.

PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds vs Money Market
Replies: 4
Views: 620

Re: Bonds vs Money Market

Hi drhoda, and welcome to the forum! At 40 years of age, and beginning from a 90/10 allocation, it doesn't matter much what you use for fixed income. Some here would suggest long-term Treasuries for such an extreme allocation, even down to 80/20, as you say you're thinking of modestly reducing risk,...
by Phineas J. Whoopee
Wed Feb 11, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: When Do Vanguard Target Date Funds Adjust Alloc?
Replies: 6
Views: 716

Re: When Do Vanguard Target Date Funds Adjust Alloc?

NightFall's link shows a glide-path graph toward the bottom, just above the footnotes.
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 3:17 am
Forum: Personal Consumer Issues
Topic: Reuters: The Case for an Efficient Cup of Coffee
Replies: 7
Views: 1424

Reuters: The Case for an Efficient Cup of Coffee

... Traders often quip that before single serve coffee pods gained prominence, the sink was the world’s largest coffee consumer ... I guess I've been modern for a quarter century and more. Does anybody calculate their single-serve pod-dealy-things save money versus manually pouring hot water into a...
by Phineas J. Whoopee
Wed Feb 11, 2015 2:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund now available
Replies: 49
Views: 7728

Re: Vanguard Ultra-Short-Term Bond Fund now available

But this is not endemic to this class of fund. This could happen to any fund where there are enough redemptions to cause liquidation at fire sale prices. right? The mainline bond funds all invest in more or less the same securities, therefore redemptions at any one, as you've suggested, wouldn't ca...
by Phineas J. Whoopee
Wed Feb 11, 2015 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Too much money in bank money market account?
Replies: 33
Views: 2888

Re: Too much money in bank money market account?

BL wrote:...
I don't want any financial advice from my kids, and I am their age!

You're your kids' age? :?: :!: :D :o :( :wink: :twisted:
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 25
Views: 2044

Re: Attempting to increase retirement contributions by 5%.

Great, thanks for the additional information. Maybe I can help a little. First off, I would never suggest you cut back on the donations which we all can see are important to you, unless you clearly were on the verge of becoming homeless. You yourself expressed doubt about the wireless bill. Dependin...
by Phineas J. Whoopee
Wed Feb 11, 2015 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 25
Views: 2044

Re: Attempting to increase retirement contributions by 5%.

For the everyday expenses, presumably those aren't the numbers every day. Over what period of time are you quoting them?

Same question for the rainy day funds. Presumably that isn't what you set aside on rainy days. :happy

Are they all monthly?

PJW
by Phineas J. Whoopee
Tue Feb 10, 2015 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Too much money in bank money market account?
Replies: 33
Views: 2888

Re: Too much money in bank money market account?

What are your parents' goals? What are their emotional worries? What are their intellectual concerns, legitimate in your mind or otherwise? What are your goals? Are you letting them influence you? I'm not casting an aspersion, just suggesting full self-examination. It's always worth introspection, w...
by Phineas J. Whoopee
Tue Feb 10, 2015 9:29 pm
Forum: Personal Consumer Issues
Topic: MedicAlert bracelet restricting care to in-network doctors?
Replies: 18
Views: 1096

Re: MedicAlert bracelet restricting care to in-network docto

I bet your insurance company follows the letter of the law on covering emergency care wherever the ambulance driver takes you. I wouldn't be surprised if, once you're stable enough to be moved, it covers ground (or if necessary, air) ambulance to bring you to a covered facility. Balance billing is a...
by Phineas J. Whoopee
Tue Feb 10, 2015 8:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund now available
Replies: 49
Views: 7728

Re: Vanguard Ultra-Short-Term Bond Fund now available

I don't understand the advantage of FDIC in this case: isn't FDIC insurance and Treasury bonds exposed to essentially the same default risk *? They're both backed the US government. ... Based on the information that is on Vanguard's web page (no criticism, they can hardly be expected to report the ...
by Phineas J. Whoopee
Tue Feb 10, 2015 7:39 pm
Forum: Investing - Theory, News & General
Topic: Is it time to give-up on TIPS?
Replies: 137
Views: 19200

Re: Is it time to give-up on TIPS?

... Just read the article. Why does he say to put TIPS in taxable though?? Much, although by no means all, of Roth's point in the article is about taxes. Sometimes, here at bogleheads.org, there's a view expressed that TIPS are terrible in taxable accounts, because one has to pay income tax on the ...
by Phineas J. Whoopee
Tue Feb 10, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: just starting my roth IRA: which funds to choose?
Replies: 12
Views: 952

Re: just starting my roth IRA: which funds to choose?

Hi ziweiguan, and welcome to the forum! Several options you've listed are very much anti-Boglehead philosophy (not that nobody who self-identifies as a Boglehead ever chooses any of them :happy ). I'd say the best course of action is for you to leave the assets in the money market fund while you exp...
by Phineas J. Whoopee
Mon Feb 09, 2015 9:42 pm
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 55
Views: 4266

Re: A Janitor's Secret to Building Wealth

Where are the news stories about the people who died penniless, despite having tried to invest for 65 years?

Oh, right. Selective reporting bias.

We hear about the ones who did well, and occasionally those who deserved to do well but didn't. We don't hear about the others.

PJW
by Phineas J. Whoopee
Mon Feb 09, 2015 8:56 pm
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 5433

Re: talk me out of it - investing in oil

... A very nice explanation PJW, Thank you. :happy however, Oh-oh. :( (and I'm quite the amateur at this), wouldn't your average investor who wants to engage in trading commodity futures (haha), be guaranteed to lose if a market is in contango and they go long futures contracts? Not being able to s...
by Phineas J. Whoopee
Mon Feb 09, 2015 6:16 pm
Forum: Investing - Theory, News & General
Topic: Currency-Hedged International Funds? Why?
Replies: 8
Views: 838

Re: Currency-Hedged International Funds? Why?

... Let me ask you this also- if Vanguard offered an identical total international stock fund at the same cost but it was hedged, would you buy the hedged or the unhedged fund? I'm not nisi, but I personally would buy, in fact have bought, the unhedged fund. Hedged international equity funds are re...
by Phineas J. Whoopee
Mon Feb 09, 2015 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS - Right Priced but Right Investment?
Replies: 14
Views: 1613

Re: TIPS - Right Priced but Right Investment?

... I alway enjoy reading your post. Thank you for saying so. I'm happy you like them. :happy What do you mean by "highly exposed"? Are you referring to people with a large FI component in their AA? What I meant by highly exposed to inflation risk, and perhaps I should have been more expl...
by Phineas J. Whoopee
Mon Feb 09, 2015 12:24 am
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 5433

Re: talk me out of it - investing in oil

... "Oooh! Oooh! Oooh!" (Arnold Horshack raises his hand in class) Could it be... "contango"? I looked it up, thanks to Nisi's clues, but I still don't know what it really means, even after reading the Investopedia definition :P Nice cultural reference. I'll try to go a bit beyo...

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