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Re: Buying a house, sell REITs?

You're contemplating a big change in the structure of what you own. I can't tell you whether to sell REITs. I do agree a house to live in and a REIT are different sorts of assets, and I also agree this is a good time for you to consider what to keep and what not to. No, do not, unless you have very ...
by Phineas J. Whoopee
Sun Aug 31, 2014 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a house, sell REITs?
Replies: 7
Views: 527

Re: High-ish ER for cash holding in Fidelity Freedom Index F

I believe what we're seeing is a lot of collateral for derivatives which are inherently highly leveraged. Instruments like this one aren't straightforward to analyze, even when everything is above board, which I've no doubt is the case here.
PJW
by Phineas J. Whoopee
Sun Aug 31, 2014 9:06 pm
 
Forum: Investing - Theory, News & General
Topic: High-ish ER for cash holding in Fidelity Freedom Index Funds
Replies: 3
Views: 273

Re: table suggests total bond not best as diversifier

This is almost one of those things where you really have to have a "view" (i.e., opiinion) on the future. ... Realizing "you" wasn't meant to be personal, I beg to differ. I, for one, do not have to have a view on the future. What I do have is my own analysis of the risks I face...
by Phineas J. Whoopee
Sun Aug 31, 2014 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: table suggests total bond not best as diversifier
Replies: 13
Views: 1145

Re: q regarding VG ER's

That's kind of odd, then. Schwab lists one type of ER, VG you say only lists one, but Fidelity lists the two. I haven't checked other places. Listen to dickenjb. He speaks the truth. What's important to you as an investor today is the net expense ratio today, that is to say, the whole, gross expens...
by Phineas J. Whoopee
Sun Aug 31, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: q regarding VG ER's
Replies: 7
Views: 416

Re: Protfollio Allocation Advice

... I was previously invested in the Vanguard Total Stock Market index before I separated it into Small Cap, Mid Cap and a S&P (large cap) index funds. I figured this increased my exposure to smaller companies more so than the Total Stock Market Index (which I was under the impression was still...
by Phineas J. Whoopee
Sun Aug 31, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Protfollio Allocation Advice
Replies: 13
Views: 612

Re: table suggests total bond not best as diversifier

Back-testing can be hazardous to your wealth. True ... but ... is there any question in anyone's mind what the Fed will do when the next recession hits? Anyone not think rates will come even lower. ... There's question in my mind. I do not know what the Fed will do, nor do I know when, and I don't ...
by Phineas J. Whoopee
Sun Aug 31, 2014 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: table suggests total bond not best as diversifier
Replies: 13
Views: 1145

Re: Protfollio Allocation Advice

... Questions: 1. My main question is this: I have a very high tolerance for risk and I want my retirement investments to reflect. I don't mind big swings in my portfolio balance if it increases my long term potential for greater returns. I want a portfolio that will match the S&P 500 if not be...
by Phineas J. Whoopee
Sun Aug 31, 2014 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Protfollio Allocation Advice
Replies: 13
Views: 612

Re: Total Bond Fund contains foreign Bonds?

... no currency fluctuations is good if bonds, right? I don't need the risk for this asset class. that's why I have total intl? If you don't want currency fluctuations in your bond fund that's good, yes. Only you can design your portfolio. And why are there foreign bonds in the total bond fund? Bec...
by Phineas J. Whoopee
Sun Aug 31, 2014 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Bond Fund contains foreign Bonds?
Replies: 4
Views: 402

Re: Pay off student debt with family inheritance "loan"?

Who will pay the income tax on the retirement fund withdrawal? Will the relatives pay income tax on the interest payments they receive from you? Will that interest be tax-deductible to you?
PJW
by Phineas J. Whoopee
Sun Aug 31, 2014 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off student debt with family inheritance "loan"?
Replies: 17
Views: 911

Re: ibond etf

... this could be an appropriate addition to your portfolio (i personally don't hold any corporate/high yield/junk bonds) but make sure you understand what it is. it is *not* an apples-to-apples replacement for "real" i bonds. And here I thought OP was asking about an ETF which invests in...
by Phineas J. Whoopee
Sun Aug 31, 2014 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: ibond etf
Replies: 2
Views: 472

Re: disconcerting insurance company downgrade

... And what is strange is that I might never have noticed if somebody else in the state didn't decide to sue the NYS insurance regulators for letting this situation get out of hand, which made the local news. I wasn't monitoring the situation. Should I now be constantly checking the solvency of my...
by Phineas J. Whoopee
Sun Aug 31, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: disconcerting insurance company downgrade
Replies: 16
Views: 1066

Re: Value in Diversifying Across Investment Companies?

How much money are we talking about? The SIPC insures the first $500K of your investments (up to $250K in cash). If you have more than that invested, Vanguard provides additional insurance : To offer greater protection and security, Vanguard Marketing Corporation has secured additional coverage fro...
by Phineas J. Whoopee
Sun Aug 31, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Value in Diversifying Across Investment Companies?
Replies: 9
Views: 678

Re: disconcerting insurance company downgrade

According to the article you linked the concern isn't with claims-paying ability, but with the ability to pay interest and principal on time to holders of senior debt. ... A.M. Best said its revised ratings takes into consideration the Bermuda insurer and reinsurer’s recent regulatory filing that di...
by Phineas J. Whoopee
Sun Aug 31, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: disconcerting insurance company downgrade
Replies: 16
Views: 1066

Re: Vanguard is finally getting Two Factor Auth (2FA)

It is two-factor because the SMS message they send is not something you know. It's bound to something you have: your cellphone. How easy or hard it would be to intercept the message is important, but doesn't change the two-factor-ness of it all. Good to hear and happy it's coming.
PJW
by Phineas J. Whoopee
Sun Aug 31, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard is finally getting Two Factor Auth (2FA)
Replies: 12
Views: 1587

Re: How wealth shocks affect the health of the elderly

Comments deleted in light of further developments later in the thread.
PJW
by Phineas J. Whoopee
Sun Aug 31, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: How wealth shocks affect the health of the elderly
Replies: 4
Views: 549

Re: The Power of Zero: [Book and tax planning for retirement

I have two comments based on the OP I've not seen in the other responses. 1) As foolish as it is to choose one's investments to express one's political opinion, it's still worse to choose them to express somebody else's political opinion. 2) I suppose it may turn out that tax revenue needs to increa...
by Phineas J. Whoopee
Sun Aug 31, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: The Power of Zero: [Book and tax planning for retirement]
Replies: 50
Views: 4295

Re: REIT

With an allocation 2/3 in fixed income, and REITs in addition to Total Stock at seven percent of portfolio, I say it doesn't make enough difference to worry about. With them might do better, without them might do better, but in your portfolio there's no way to predict even on a probabilistic basis. ...
by Phineas J. Whoopee
Sun Aug 31, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: REIT
Replies: 12
Views: 752

Re: NYC [Visit to New York City]

There are three TKTS booths in NYC. The one everybody knows about, in Times Square (technically on Duffy Square), is the worst, which I define as almost always having the longest line to wait in (although architecturally it's the best, if you're into that sort of thing, not because it's pretty but b...
by Phineas J. Whoopee
Sun Aug 31, 2014 1:22 pm
 
Forum: Personal Consumer Issues
Topic: NYC [Visit to New York City]
Replies: 44
Views: 1686

Re: is a target date fund considered indexed

most of the posts seem to agree with me that i am not indexed-thanks Looking at the T. Rowe Price holdings page for the fund you mentioned, TRRBX , I'd agree. An S&P 500 index fund is one of the 18 it's invested in, but everything else in the top ten looks actively managed. Check under the hood...
by Phineas J. Whoopee
Fri Aug 29, 2014 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: is a target date fund considered indexed
Replies: 11
Views: 616

Re: Bond Bubble?

There's a published claim that there's a bubble bubble, because of recency bias. Nobody knows, but saying I don't know doesn't sell many Ford F-150s. *
PJW

* Just as the pay of most working musicians is based on their proven ability to sell beer.
by Phineas J. Whoopee
Fri Aug 29, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Bubble?
Replies: 10
Views: 874

Re: is a target date fund considered indexed

On another thread someone questioned my comment about having no index funds -just target date funds. I have 2 TRRBX and a proprietary date fund. should i consider this or these indexed or not. just wondering. The good ol' passive voice. Is it considered? By whom using which criteria for what purpos...
by Phineas J. Whoopee
Fri Aug 29, 2014 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: is a target date fund considered indexed
Replies: 11
Views: 616

Re: How low can Vanguard Fees Go?

... Could you give an example of one of the "rare" securities? It might be possible to find examples in SEC filings or SAIs, but in answer to your question I'll just quote Vanguard's own words : Value-oriented lending. Vanguard generates revenue by lending a smaller number of thinly trade...
by Phineas J. Whoopee
Fri Aug 29, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2157

Re: How low can Vanguard Fees Go?

... yes, because of increasing AUM the apparent ER can continue to fall. I suppose it's an asymptote: at some point the ER could conceivably so close to zero that it actually is zero. I'd go further and lose the word "apparent." It's a ratio, a comparison of one quantity to another. If th...
by Phineas J. Whoopee
Fri Aug 29, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2157

Re: How low can Vanguard Fees Go?

If I understand Vanguard's Expense Ratio reporting correctly, they neither raise nor lower fees, not to compete with anybody, and not for any other reasons. Vanguard reports expense ratios on a backward-looking basis. It's telling us what it did spend, not what it's going to spend. If spending goes ...
by Phineas J. Whoopee
Fri Aug 29, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2157

Re: New 2% cash back Visa card from Citi

May this be the harbinger of the return of low- or no-restriction 2% non-Fidelity-non-AmEx cards! Schwab Visa, how I miss you! (But NASA FCU ain't bad either, if you're spendy enough).
PJW
by Phineas J. Whoopee
Thu Aug 28, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 62
Views: 6345

Re: A Low-Return Future? Are We Prepared?

Global diversification - I personally use international stocks but not bonds - helps with that part. There can't be any net immigration or emigration, globally. In this case I was speaking about the US stock markets, but you're right that global issues have a growing impact. The global population g...
by Phineas J. Whoopee
Thu Aug 28, 2014 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 139
Views: 7547

Re: Do Bogleheads worry about institutional risk?

In Missouri, all St. Louis County government websites were taken down for an entire week by the hacker group Anonymous. These types of incidents seem to be happening more frequently and on a larger scale. I'm worried that Vanguard, being the world's largest mutual fund company, could become a targe...
by Phineas J. Whoopee
Thu Aug 28, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 33
Views: 1602

Re: A Low-Return Future? Are We Prepared?

... Population growth rates are low and will likely stay that way, they'd be negative if it wasn't for immigration. ... Global diversification - I personally use international stocks but not bonds - helps with that part. There can't be any net immigration or emigration, globally. Except for our rep...
by Phineas J. Whoopee
Thu Aug 28, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 139
Views: 7547

Re: Do Bogleheads worry about institutional risk?

... Lest any of us get onto the same old merry-go-round again, I am not here to defend all the moral choices of JP Morgan Chase. PJW Or, as in the case of the GLD ETF, the custodian can appoint sub-custodians which it disclaims responsibility for monitoring. At least, that the way it was when I rea...
by Phineas J. Whoopee
Thu Aug 28, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 33
Views: 1602

Re: Do Bogleheads worry about institutional risk?

Apparently Vanguard's custodian for its funds' investment holdings are at JP Morgan Chase. Yes, that's right (except to the extent Nisi said it's wrong while I was typing, but the rest of this post is not about that custodian in particular). Ironically, I'd bet anything the odds of something catast...
by Phineas J. Whoopee
Thu Aug 28, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 33
Views: 1602

Re: Trying to understand the 1040 Tax Table

... There is a dichotomy in my head on this issue. On one hand, I see that reducing taxable income by one dollar, you will save tax equal to the marginal rate on that dollar. On the other hand, if my marginal rate is 25%, and my effective rate is 17%, couldn't I correctly say that every dollar is t...
by Phineas J. Whoopee
Thu Aug 28, 2014 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2273

Re: .com rather than .gov, lesson learned

OP, if you provided your SS#, I would freeze your credit. If you didn't provide your SS#, I would still freeze your credit. Prevention is better than detection. Yes, that might well be warranted. I still say monitor carefully as well, but you may be right about the additional preventative measure. ...
by Phineas J. Whoopee
Wed Aug 27, 2014 7:24 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2444

Re: Can/do you sell bonds to purchase stocks?

Haha. I get your point and understand the math, but thats why its goals, right? If i go back and live with mom for 7 years its probably doable :D Thanks for the help guys. You're welcome, to the extent it was helpful. I took goals to be what you honestly meant to achieve and by when, not as a deman...
by Phineas J. Whoopee
Wed Aug 27, 2014 6:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 920

Re: Can/do you sell bonds to purchase stocks?

Come on Phineas. Lighten up. He is 32. Did you know much about investing at his age? He is asking questions and telling us what he is thinking -- those are big steps toward learning to become a successful investor. There are much nicer and more effective ways of saying what you just said...and I th...
by Phineas J. Whoopee
Wed Aug 27, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 920

Re: Warren Buffet and the S&P index fund

selftalk wrote:If slicing and dicing works so well ...

If that's the characterization of the questionee's position no response is called for.
PJW
by Phineas J. Whoopee
Wed Aug 27, 2014 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffet and the S&P index fund
Replies: 23
Views: 1720

Re: New home worth the extra $$?

Here's my take. For how long is the new home you're thinking of paying the extra $$ for going to stay new? For example, I bought my home not new, but newly-renovated. That was seven years ago. Nobody would mistake it for newly-renovated today. Now it's clearly usedly-renovated. I want to stay at lea...
by Phineas J. Whoopee
Wed Aug 27, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1740

Re: Can/do you sell bonds to purchase stocks?

$155k account total & I should contribute AT LEAST $17k this year (~20% of salary), all with no debt. I think thats decent shape at 32. Goal is 500k by 35, 1 mil by 40 :sharebeer Then I take it all back. Successful market timing is your only legal avenue. If failure is acceptable, then by all m...
by Phineas J. Whoopee
Wed Aug 27, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 920

Re: .com rather than .gov, lesson learned

If you're not already doing so on a regular basis, given what you said was included it would be worth waiting say two or three months, then pulling your three free annual credit reports from http://www.annualcreditreport.com. The reason to wait is so anything untoward that happens has long enough to...
by Phineas J. Whoopee
Wed Aug 27, 2014 2:57 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2444

Re: Can/do you sell bonds to purchase stocks?

Thanks for the replies. Makes total sense. And WOW. It actually never occurred to me that I was playing the "market timing" game - definetly not something I'd want to do. Always just associated that with guys buying stocks, not bonds. ... That can be quite a slap in the face when it first...
by Phineas J. Whoopee
Wed Aug 27, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 920

Re: How sustainable if the inflation adjusted income of VTSM

I have been considering investing in a total stock market index fund, with plans to distribute rather than reinvest any interest and dividends (without planning to meet any fixed income needs.) Is it fair to assume that the inflation adjusted income/dividend potential for the index would be (on ave...
by Phineas J. Whoopee
Wed Aug 27, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: How sustainable if the inflation adjusted income of VTSMX?
Replies: 6
Views: 791

Re: .com rather than .gov, lesson learned

The fear is completely reasonable, but probably nothing to panic over. It is thoroughly possible for websites to read input character-by-character, if they're designed to do it, and store it even if somebody never hit a "Yes please use this personal information of mine for legitimate purposes o...
by Phineas J. Whoopee
Wed Aug 27, 2014 1:54 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2444

Re: Can/do you sell bonds to purchase stocks?

Stocks seem to be valued relatively high right now and that is probably 95% of my portfolio. With that said, could I buy $5-10k worth of bonds just to have a steady place to put my cash "on the sidelines", then, when/if a market drop of >10% comes , sell that bond fund and use the proceed...
by Phineas J. Whoopee
Wed Aug 27, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 920

Re: .com rather than .gov, lesson learned

I don't understand what your fear is - didn't you apply for .gov at the same location as well? If so, don't they already have all your information? I'm not sure I understand the question. Wasn't OP requesting an Employer Identification Number, the commercial world's equivalent of a Social Security ...
by Phineas J. Whoopee
Wed Aug 27, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2444

Re: Life insurance with Long term care rider

technovelist wrote:...
Edited to add: "An individual's average age when he or she moves into a nursing home is 79. "
(http://www.kappadelta.org/assets/1280/L ... _facts.pdf)

I wonder what my average age will be when I move into a nursing home.
PJW
by Phineas J. Whoopee
Tue Aug 26, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 1844

Re: How I look at $ in the real world vs my retirement accou

Sorry to resurrect, but thanks Don. All too often we abrogate understanding in deference to something the government defines, for example, taxable income , as if that were all there were to the concept of income . You've brilliantly illustrated the difficulty some people have with respect to thinkin...
by Phineas J. Whoopee
Mon Aug 25, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 50
Views: 7060

Re: What if there were only index funds?

Thanks hftrader, that was a good analysis and explanation. I never hear indexing advocates say absolutely all individual investors and institutions should use indexing strategies exclusively. I often hear Reigstered Reps and their ilk claiming those advocates do say it, and pointing out how unfair i...
by Phineas J. Whoopee
Mon Aug 25, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: What if there were only index funds?
Replies: 20
Views: 1776

Re: Juice up your cash returns (!) [What do you consider cas

Since I've no better definition, I consider my cash to be: Physical currency in my possession (M0) Checking deposits (M1) Savings deposits and small individual CDs (M2) Cash equivalents (debt instruments maturing within 90 days - GAAP - practically none outside aged CDs already included) Short-term ...
by Phineas J. Whoopee
Sun Aug 24, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: Juice up your cash returns (!) [What do you consider cash?]
Replies: 11
Views: 2171

Re: Tipping the virtual waiter/waitress?

Paying service workers less than starvation wages is worse than bad enough. Now we're supposed to guess the wages of the few human beings who still work there? If there's a less-than-minimum-wage person whose pay is based on the legal presumption of tipping of course they should get something. The o...
by Phineas J. Whoopee
Sun Aug 24, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tipping the virtual waiter/waitress?
Replies: 18
Views: 1988

Re: Life insurance with Long term care rider

If the insurance company thought it would bear less risk and make more money by selling life insurance and long-term care insurance separately it would do so. I personally do carry LTCI, and though I'm disturbed by horror stories, most of the ones I read are either experiences of people who bought b...
by Phineas J. Whoopee
Sun Aug 24, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 1844
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