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Re: Do you deviate from the BH philosophy?

My two largest holdings are Primecap and Windsor II, which I have held since 1998. No regrets. Seems like you've developed a workable plan, invested early and often, bear an appropriate level of risk for your situation, diversified, not tried to time the market, kept costs low, minimized taxes, inv...
by Phineas J. Whoopee
Wed Oct 01, 2014 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 36
Views: 1161

Re: Do you deviate from the BH philosophy?

Good reminder Mr. Whoopie. I guess I violate principle #9 somewhat as not all of my investments are necessarily simple, especially the higher return seeking self-managed ones. And, with your doing so mindfully and intentionally, there's no problem whatsoever with it, Bogleheadianally or otherwise. ...
by Phineas J. Whoopee
Wed Oct 01, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 36
Views: 1161

Re: Do you deviate from the BH philosophy?

I recognize every word in the OP as English vocabulary, and every sentence as grammatical, but I don't understand the question. By "BH philosophy", do you mean what the wiki says ? Out of ten items, "Use index funds when possible " is just one (stored in slot six). What about the...
by Phineas J. Whoopee
Wed Oct 01, 2014 7:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 36
Views: 1161

Re: U.S. stocks in freefall

VictoriaF wrote:If someone figures out stocks freefall, will he get a Nobel in physics or economics?

Victoria

9.8 $M/s/s.
Lay 'em both on me, King o' Sweden.
PJW
by Phineas J. Whoopee
Wed Oct 01, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 834
Views: 138988

Re: U.S. stocks in freefall

ofcmetz wrote:Welcome back old thread. Small caps are getting close to a correction. Time to follow my plan and stay the course. Hope everyone is doing well and are not jumping from buildings in panic. :shock:

Thanks for the good wishes. Naturally, as a Boglehead, I jump from buildings in a calm manner.
PJW
by Phineas J. Whoopee
Wed Oct 01, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 834
Views: 138988

Re: So do we care more about change in bond price or bond yi

... And Kenner, I assume you mean by "total return" the market value, aka price of the bonds. ... I'm not Kenner, but total return means the value of your account with all dividends reinvested, so no, the price isn't especially important. You've received some great information in this thr...
by Phineas J. Whoopee
Wed Oct 01, 2014 4:42 pm
 
Forum: Investing - Theory, News & General
Topic: So do we care more about change in bond price or bond yield?
Replies: 18
Views: 800

Re: How long does it take to break in a boot like this

Hi rec7, It's very hard to say, because it isn't the outside of the boot that matters nearly so much as the inside. I always used to use Timberland brand, but then they got bad. These days they've started their "Pro" series, which is less good than their years-ago boots, but better, for me...
by Phineas J. Whoopee
Wed Oct 01, 2014 12:31 am
 
Forum: Personal Consumer Issues
Topic: How long does it take to break in a boot like this
Replies: 7
Views: 832

Re: Two-factor Authentication Question

It's very unlikely that anyone who steals your phone knows your password. It's very unlikely that anyone who learns your password (i.e. hackers break into Ally and steal their password database, or you reuse the password on a site that gets compromised) has access to your phone. Hence the added sec...
by Phineas J. Whoopee
Tue Sep 30, 2014 11:21 pm
 
Forum: Personal Consumer Issues
Topic: Two-factor Authentication Question
Replies: 11
Views: 748

Re: Two-factor Authentication Question

I understand your point now. Thanks for the clarification, and for not living up to your screen name, killjoy.
PJW
by Phineas J. Whoopee
Tue Sep 30, 2014 10:10 pm
 
Forum: Personal Consumer Issues
Topic: Two-factor Authentication Question
Replies: 11
Views: 748

Re: Two-factor Authentication Question

Thank you, killjoy2012. I'm not sure I understand your conclusion: ... All this said, SMS Auth on the same smartphone is better than just a password. In what way would it inconvenience a pickpocket who already has the phone, username, and password, or has installed a rootkit? I'm still interested in...
by Phineas J. Whoopee
Tue Sep 30, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Two-factor Authentication Question
Replies: 11
Views: 748

Re: Two-factor Authentication Question

... Yes. You are confusing two concepts. "Two factor"" and "Two Channel" Authentication. Google them, read the different studies/articles and see if you still have questions. Thanks. Done. Two-channel has nothing to do with my question about two-factor in this specific inst...
by Phineas J. Whoopee
Tue Sep 30, 2014 8:28 pm
 
Forum: Personal Consumer Issues
Topic: Two-factor Authentication Question
Replies: 11
Views: 748

Re: bogus schwab email

... I'm confused about this. If some sort of physical token is used, can't it be stolen? The way security works with some of my financial institutions, if I try to log in they phone me at my home number, give me a code, and I type it into the login process. I understand. It isn't immediately obviou...
by Phineas J. Whoopee
Tue Sep 30, 2014 8:10 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 850

Re: Two-factor Authentication Question

...Your "gun to my head while using my phone" scenario applies equally well to your home use : an intruder could break in while you're home and force you to log in on your PC. The second factor only helps against remote intrusion. Thanks, but no it doesn't. If the person with the lead pip...
by Phineas J. Whoopee
Tue Sep 30, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Two-factor Authentication Question
Replies: 11
Views: 748

Re: Very basic bond question

To add to d.r.a.'s caveat, Vanguard's two TIPS funds include the accruing dividends, which because they're funds contain as a component all the inflation adjustments, in the share price, then pay out quarterly which drops the NAV by precisely that amount, although the effect can be obscured by other...
by Phineas J. Whoopee
Tue Sep 30, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Very basic bond question
Replies: 7
Views: 785

Two-factor Authentication Question

Earlier this year I started using an Android smartphone (via Consumer Cellular, in case anybody wonders). Ordinarily I access financial accounts using my own computer on a wireful network, which I secure. I'm worried I may have to travel at short notice, for personal reasons I'll not go into, and wa...
by Phineas J. Whoopee
Tue Sep 30, 2014 4:14 pm
 
Forum: Personal Consumer Issues
Topic: Two-factor Authentication Question
Replies: 11
Views: 748

Re: Bogleheads, help me be less afraid of international stoc

Here's a question for you guys: Is market cap weighting a near perfect representation of risk (higher market cap= less risk) due to expectations about future earnings, etc? No. It is, however, market risk without idiosyncratic risk. Market risk is compensated; idiosyncratic, also called unsystemati...
by Phineas J. Whoopee
Tue Sep 30, 2014 3:15 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads, help me be less afraid of international stocks
Replies: 39
Views: 2070

Re: bogus schwab email

... I just got a smartphone making the two-factor practical for me. Did Google. Schwab is my only financial institution, so they will be next. Schwab sends a physical token that fits on a keyring. For you, with your newly-acquired smartphone, it's probably irrelevant, but I wanted to make the point...
by Phineas J. Whoopee
Tue Sep 30, 2014 3:02 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 850

Re: bogus schwab email

... Schwab was among the first to support a handy two factor authentication number generator. I am on my second one and have used it for years. I strongly recommend asking for one, especially if you use a cellphone . Just for clarity, presumably you're talking about using Schwab's smartphone app fo...
by Phineas J. Whoopee
Tue Sep 30, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 850

Re: When should someone "not stay the course"?

On August 28, 2006, Vanguard's Total International Stock index was priced at $16.42 per share. On September 30, 2014, it was priced at $16.41 per share. That's almost 10 years of stagnation (or 8 years, 1 month, and 2 days to be exact). ... And all the dividends it paid over that period came direct...
by Phineas J. Whoopee
Tue Sep 30, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: When should someone "not stay the course"?
Replies: 43
Views: 2442

Re: Bogleheads, help me be less afraid of international stoc

... I guess the market is more optimistic than me on Japan and the Eurozone, right? Otherwise they wouldn't comprise 45% of TISM. ... There's also the fact that Japan and many EZ countries are large, developed markets with many publicly-traded businesses to explain why they account for so much ex-U...
by Phineas J. Whoopee
Tue Sep 30, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads, help me be less afraid of international stocks
Replies: 39
Views: 2070

Re: bogus schwab email

BigFoot48 wrote:...
Schwab doesn't have two-factor.

Schwab does have two-factor authentication. Any customer of theirs can phone them and ask for it.
PJW
by Phineas J. Whoopee
Tue Sep 30, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: bogus schwab email [Phishing scam]
Replies: 22
Views: 850

Re: favorite brand name products

Hewlett-Packard calculators. Are they still being made? Certainly HP's overall reputation for quality has nose-dived from where it was in the 1970s ... Yes, they're still there. The concepts and logic execution are as fantastic as ever. The manufacturing quality is not consistent, but they seem to ...
by Phineas J. Whoopee
Mon Sep 29, 2014 6:58 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2690

Re: favorite brand name products

bertilak wrote:
Phineas J. Whoopee wrote:Schaefer, the one beer to have when you're having more than one beer.

Yeah, but did it make Milwaukee famous? As famous as the Shotz Brewery did?

No, Mr. Marshall, but it made Bud wiser!
PJW
by Phineas J. Whoopee
Sun Sep 28, 2014 9:13 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2690

Re: favorite brand name products

Tombstone pizza.

Doritos foot flavor.

Schaefer, the one beer to have when you're having more than one beer.

PJW
by Phineas J. Whoopee
Sun Sep 28, 2014 8:37 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2690

Re: Prudent to tilt away from bonds?

Hi DaddyTheInvestor, and welcome to the forum! I endorse everything nisiprius wrote, and would like to elaborate further. ... I firmly believe that trying to time the market is a loosing proposition. Good. However, I have been wondering since interest rates have been so low (i.e. barely above 0%), t...
by Phineas J. Whoopee
Sun Sep 28, 2014 7:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent to tilt away from bonds?
Replies: 4
Views: 515

Re: favorite brand name products

Bustelo coffee. Melitta manual-pour cone filters.
PJW
by Phineas J. Whoopee
Sun Sep 28, 2014 6:59 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2690

Re: Is having 100% large cap not diverse enough?

... No small in total international , but there is developed market and emerging market. ... Disagreeing on that point only, not with anything else, according to the statutory prospectus Total International Stock follows the FTSE Global All Cap ex-US Index, which, according to its factsheet , does ...
by Phineas J. Whoopee
Sat Sep 27, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is having 100% large cap not diverse enough?
Replies: 49
Views: 2843

Re: Why does VEVFX exist? [Vanguard Explorer Value Fund]

I dunno. Why do financial firms offer products which might not be suitable for every potential customer? 10/1 ARMs were great for people who were confident they would move or pay off the loan within a handful of years. I myself passed up literally ones of hundreds of dollars by rapidly settling a 15...
by Phineas J. Whoopee
Fri Sep 26, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Why does VEVFX exist? [Vanguard Explorer Value Fund]
Replies: 9
Views: 1081

Re: Why do people buy annuities?

For many, perhaps most, asset-rich retirees or soon-to-be ones, buying a single premium immediate annuity at age 62, as posited in OP, probably wouldn't be advantageous, just as claiming Social Security retirement benefits then likely wouldn't be. An SPIA is an insurance product. It pools risk. TIPS...
by Phineas J. Whoopee
Fri Sep 26, 2014 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 3839

Re: What is your best estimate of the SWR (Safe Withdrawal R

In the Trinity study the worst 30-year historical sequences examined survived at an initial 4% adjusted each later year for CPI. In nearly all cases the assets could have survived a higher level. The difficulty is we can't know in advance what the sequence will be, and that includes knowing the hist...
by Phineas J. Whoopee
Fri Sep 26, 2014 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 3772

Re: Which bond fund?

... There is a difference between holding a LT bond index fund and holding actual bonds. Assuming I'm holding long term (20+ years) will there be a difference in yield? I'm thinking not. There is a difference between holding a single LT bond and holding a fund, but there is little if any difference...
by Phineas J. Whoopee
Fri Sep 26, 2014 3:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which bond fund?
Replies: 15
Views: 882

Re: Is Now a Good time to Buy Bonds ???

I'm 37 years old, and 95% in stocks index funds. I eventually want to get to 80/20 by age 40... But we are nearing the end of a long bull market for bonds. Is now a good time to buy, knowing that bond funds will fall soon ? What do you know about the future of interest rates other market participan...
by Phineas J. Whoopee
Fri Sep 26, 2014 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Now a Good time to Buy Bonds ???
Replies: 19
Views: 1814

Ressurected: How does VIPSX lose money?

and I'm gambling on the vanilla bond - TIPS spread [on 10-year bonds, TIPS' yield is only 0.1% less than regular treasuries , but I doubt that inflation will be 0.1% for the next 10 years]). Where can I see these exact figures? Thanks They're far different now than five years ago, which is the age ...
by Phineas J. Whoopee
Fri Sep 26, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: How does VIPSX lose money?
Replies: 24
Views: 5435

Re: Do you include 1040-ES in your emergency funds?

For me, taxes are a budgeted expense, so there's no emergency about them.

Yes, I commingle funds earmarked for different purposes in the same savings account. The now-free Microsoft Money makes it easy for me to keep track. In case anybody is interested, I do it using Classification1.

PJW
by Phineas J. Whoopee
Thu Sep 25, 2014 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you include 1040-ES in your emergency funds?
Replies: 9
Views: 723

Re: Life Insurance - Indexed - Worth it?

Multiply the likely bulk commodity cost of your dinner by all the attendees, and again by all the sales pitches the person has to make to sell one contract. Then consider it's a trivial sum compared to the commission the person gets on one contract. More seriously, although that was pretty serious a...
by Phineas J. Whoopee
Wed Sep 24, 2014 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Insurance - Indexed - Worth it?
Replies: 12
Views: 567

Re: "Pimco ETF Draws Probe by SEC"

By the way, why does the Wall Street Journal keep calling it "Pimco," mixed-case, when PIMCO itself is consistent about calling itself PIMCO, all-caps? Check their website... which they even refer to as "PIMCO.com." ... Well, if the FEDS recognize ROTH rIRAs as legitimate, then ...
by Phineas J. Whoopee
Wed Sep 24, 2014 5:56 pm
 
Forum: Investing - Theory, News & General
Topic: Pimco ETF Draws Probe by SEC - ETF Returns Inflated?
Replies: 22
Views: 1537

Re: "Pimco ETF Draws Probe by SEC"

Already being discussed here.
PJW
by Phineas J. Whoopee
Wed Sep 24, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Pimco ETF Draws Probe by SEC - ETF Returns Inflated?
Replies: 22
Views: 1537

Re: "How to Win the Losers Game -- Part 5"

... I love Fama's characterization of his model: "The model stands, until it doesn't -- until something better comes along." That statement doesn't quite seem like the Boglehead way , but it is the way most manage their portfolios. ... Eternal verities are matters for religions, not for o...
by Phineas J. Whoopee
Wed Sep 24, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: "How to Win the Losers Game -- Part 5"
Replies: 3
Views: 915

Re: What's Your Takeaway from 2014 High Valuation

What answers do you want to receive in order to justify doing what you emotionally would like to do?
PJW
by Phineas J. Whoopee
Wed Sep 24, 2014 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4062

Re: Take Social Security at FRA, or Early, or Delayed?

Along the same vein, only today I saw a reply to a thread here where someone knocked 25% off their expected SS benefits in order to account for future dismay . ... That was probably me: ... In my personal planning, I discount future benefits by 25% to take account of the possibility the law won't b...
by Phineas J. Whoopee
Wed Sep 24, 2014 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take Social Security at FRA, or Early, or Delayed?
Replies: 49
Views: 2692

Re: Why don't you do Financial Planning?

1) Nobody would pay for the advice I would give: read Getting Started; and

2) With nobody paying me I couldn't afford the premiums for Errors and Omissions insurance.

Quod erat demonstrandum.

PJW
by Phineas J. Whoopee
Tue Sep 23, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3222

Re: Savings Bonds for Newborn?

... Why does the treasury have a 1.94% quoted? ... Because with the present 0.1% fixed rate, and present 1.84% variable rate, that's what one will get for the first six months, annualized, if buying an I Bond today. Six months later the variable rate will change, and will be added to the fixed 0.1%...
by Phineas J. Whoopee
Mon Sep 22, 2014 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Bonds for Newborn?
Replies: 10
Views: 1064

Re: SS Calculation Question

I just checked "My Social Security" online and read the following statement related to the current benefit calculation: "We assumed you'll continue to work and make about the same as you did in 2012 or 2013. My wife is considering an early out @ 64 instead of FRA @ 66. She is plannin...
by Phineas J. Whoopee
Mon Sep 22, 2014 7:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: SS Calculation Question
Replies: 5
Views: 921

Re: The Case Against Mid Caps? (Say it ain't so!)

Can someone explain why the Vanguard extended market index has over 1k more equities than the Vanguard small and mid cap indexes combined? I'm sure it isn't the only reason, but Extended Market is not all mid- and small-cap, any more than S&P 500 is all large-cap. The Completion Index includes ...
by Phineas J. Whoopee
Mon Sep 22, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: The Case Against Mid Caps? (Say it ain't so!)
Replies: 23
Views: 2590

Re: Savings Bonds for Newborn?

.. I have never researched this until tonight but it appears that you lock in a current interest rate for the first 20 years (0.5% - EE bond or 1.94% I-bond ). Not ideal in my opinion but I like the idea of a savings bond vs. a box of pacifiers that she may use once or twice. ... With I Bonds you d...
by Phineas J. Whoopee
Mon Sep 22, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Bonds for Newborn?
Replies: 10
Views: 1064

Re: What are the components of inflation?

... The velocity of money dropped from 17.2 before the recession to 4.4 now. That is, the typical dollar got spent 17.2 times a year then, and 4.4 times a year now. I don't know which money base that's referring to -- M2? M6? ... The monetary base is MB, which is different from M0, M1, and M2. MB: ...
by Phineas J. Whoopee
Fri Sep 19, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: What are the components of inflation?
Replies: 33
Views: 1649

Re: What evidence would prove the Boglehead mentality wrong?

On the off chance any of this is serious (not the thread, just this little sub-exchange): Misapplying verb tenses can be hazardous to one's wealth. A publicly traded corporation is not Schrodinger's cat. Another analogy. I agree corporations and quantum fields share few characteristics. What of it? ...
by Phineas J. Whoopee
Thu Sep 18, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7637

Re: What are the components of inflation?

... Supply shocks are not inflation. If there is no change in the money supply, and no change in the amount of goods available for purchase, then if the price of one good goes up, the price of other goods must go down. This is just arithmetic . ... Do I understand you to claim that the velocity of ...
by Phineas J. Whoopee
Thu Sep 18, 2014 7:00 pm
 
Forum: Investing - Theory, News & General
Topic: What are the components of inflation?
Replies: 33
Views: 1649

Re: What are the components of inflation?

The conventional definition is a pervasive and sustained increase in prices for goods and services across the economy. The Austrian school definition is any increase in the supply of money. I believe they've settled on M2, except when they mean M0 or M1, or complain the Fed no longer publishes M3. I...
by Phineas J. Whoopee
Thu Sep 18, 2014 5:46 pm
 
Forum: Investing - Theory, News & General
Topic: What are the components of inflation?
Replies: 33
Views: 1649

Re: What evidence would prove the Boglehead mentality wrong?

Doing nothing is not always cheaper than doing something. If you have a leaky roof, and don't fix it to save money, eventually you will have a rotted frame. The analogy you make is true, in that I would never suggest it's better not to fix a leaky roof on a building one wishes to preserve, but I'm ...
by Phineas J. Whoopee
Thu Sep 18, 2014 5:27 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7637
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