Search found 1125 matches

Return to advanced search

Re: Flights D.C. to London: Buy now or wait?

DW and I are both Platinum United members. She is disabled and I have tried in every possible way to get advance seat assignments on European Economy tickets. no luck We fly to Venice with SWISS next week from London for exactly this reason That blows. Sorry to hear. I assume the relatively brief f...
by Professor Emeritus
Tue Apr 22, 2014 7:33 am
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1762

Re: Good scotch recommendations, where to buy

Only drink it neat. No water or ice, please. They add water at the distillery to bring the proof down to the max where someone can drink it. But there is nothing wrong with adding more to taste. In Glasgow the water is in a carafe at the bar so you can add it yourself to taste. I agree on ice
by Professor Emeritus
Tue Apr 22, 2014 3:35 am
 
Forum: Personal Consumer Issues
Topic: Good scotch recommendations, where to buy
Replies: 44
Views: 2298

Re: Good scotch recommendations, where to buy

I used to drink Scotch quite often,especially when I was teaching in Scotland. My students were experts on scotch, we even did double blind taste tests. 1) there are outstanding blends (often vatted malts) and there are outstanding single malts test it mixed half and half with water at room temperat...
by Professor Emeritus
Tue Apr 22, 2014 3:32 am
 
Forum: Personal Consumer Issues
Topic: Good scotch recommendations, where to buy
Replies: 44
Views: 2298

Re: 3-prong to 2-prong for laptop? & overseas?

This may seem obvious, but does your power supply have a removable cord? If so you can get cord with the figure 8 or trefoil or whatever at one end and an Italian plug at the other. Ive been taking computers to Europe since 1983. I am in London right now, heading for Italy and then Germany. We have...
by Professor Emeritus
Tue Apr 22, 2014 3:15 am
 
Forum: Personal Consumer Issues
Topic: 3-prong to 2-prong for laptop? & overseas?
Replies: 13
Views: 568

Re: is whole life insurance a good investment?

Did you bother calculating those returns? I have, and they're terrible. Let's be nice. He is being suckered by a pro and asking for help. When DW was a young doctor I helped a lot of her medical friends avoid much worse financial traps. They were smart and hard working but very busy Otherwise I agree
by Professor Emeritus
Tue Apr 22, 2014 3:01 am
 
Forum: Investing - Help with Personal Investments
Topic: is whole life insurance a good investment?
Replies: 16
Views: 1244

Re: Mortgage = negative bond, Rent = negative income?

Taxonomy 101 says that all classifications are teleological. Teleology is the study of human intentions. What is the purpose of your classification? Reification is the error of treating the classification as if it attaches to the object rather than to the purpose. For example Elephants, Rhinos, and ...
by Professor Emeritus
Tue Apr 22, 2014 2:54 am
 
Forum: Investing - Theory, News & General
Topic: Mortgage = negative bond, Rent = negative income?
Replies: 6
Views: 797

Re: Flights D.C. to London: Buy now or wait?

We fly to London tomorrow. The biggest benefit with buying early from United is getting to chose your seats when you buy the tickets. This is not the case with some other airlines. I never fly Lufthansa unless I absolutely have to for this very reason. We are flying LH to MUC in June and we have as...
by Professor Emeritus
Mon Apr 21, 2014 8:22 pm
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1762

Re: POLL: If Eligible For Social Security .....

DW is on SSDI. So even though she is younger I can make a restricted application at 66 for spousal benefits.
by Professor Emeritus
Sun Apr 20, 2014 6:34 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: Retirement defeasance

Would it be similar to a CD in which you reinvest the interest? dl7848's article was still confusing. The structured products aspect didn't help my understanding. I may be missing a fundamental concept here (why isn't defeasance mentioned more often in the forum), so I'll keep researching. Wiki ref...
by Professor Emeritus
Sun Apr 20, 2014 6:29 am
 
Forum: Investing - Theory, News & General
Topic: Retirement defeasance
Replies: 29
Views: 2646

Re: Retirement defeasance

Defeasance is a term used to describe a program to satisfy future cash flow requirements. It is simply a way to fund what you will need in the future with current dollars. Zeros offer an efficient way to do this. It is a poor choice of words for retirement spending. Decumulation is the term often u...
by Professor Emeritus
Sun Apr 20, 2014 6:28 am
 
Forum: Investing - Theory, News & General
Topic: Retirement defeasance
Replies: 29
Views: 2646

Re: Flights D.C. to London: Buy now or wait?

We fly to London tomorrow. The biggest benefit with buying early from United is getting to chose your seats when you buy the tickets. This is not the case with some other airlines. I never fly Lufthansa unless I absolutely have to for this very reason.
by Professor Emeritus
Sat Apr 19, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1762

Re: High Yield Bonds as an Annuity?

If annuities are fairly priced from low risk providers they represent the most "financially risk free" lifetime income you can buy. A lot of implied assumptions there, including that the annuity be priced at free market interest rates, and that the provider remain credit worthy for perhap...
by Professor Emeritus
Fri Apr 18, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds as an Annuity?
Replies: 23
Views: 1689

Re: *poor* Bogleheads

There is a sense of "superiority" on this forum from some of the members. Not necessarily due to wealth but more in the area of perceived social position due to occupation and attained education level. Kind of a blue-blood attitude (My children are going to expensive private schools/I am ...
by Professor Emeritus
Fri Apr 18, 2014 9:28 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5327

Re: "Best" place for new tires and tire protection plans = B

I am normally the el cheapo and /or DIY guy, but even though I have rebuilt manual transmissions on my cars and balanced my own tires, When we started having kids I changed my ways. Since 1987 the same franchise shop has done all the work on all my cars. Anything they didn't do, went to shops they s...
by Professor Emeritus
Fri Apr 18, 2014 8:46 am
 
Forum: Personal Consumer Issues
Topic: "Best" place for new tires and tire protection plans = B.S.?
Replies: 31
Views: 2054

Re: *poor* Bogleheads

I think my sig that appears at the bottom of the post says a lot. It is a reminder that all of us are born with the same level of wealth. From that point on, it changes due to opportunity. For some there is wealth waiting for them due to the generosity of parents, grandparents, etc. Others exist in...
by Professor Emeritus
Fri Apr 18, 2014 8:22 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5327

Re: practicing medicine in Texas...

shoot that's what my mom told me! :) she said go marry yourself a nice girl doctor but first learn how to cook and get a real doctor job, not this family medicine crap, what are you? a nurse? Nothing so respectable. I'm a law professor (emeritus) But I've taught Health care risk management, worked ...
by Professor Emeritus
Fri Apr 18, 2014 12:52 am
 
Forum: Personal Finance (Not Investing)
Topic: practicing medicine in Texas...
Replies: 38
Views: 2720

Re: The dangers of backtesting and overfitting data - paper

Thanks, great article. If your stock portfolio varies much from the market weighting, you're probably a backtest victim. A core problem is the publish-or-perish nature of academia, which results in smart people wasting large amounts of time pouring over historical returns looking for patterns. The ...
by Professor Emeritus
Thu Apr 17, 2014 7:58 pm
 
Forum: Investing - Theory, News & General
Topic: The dangers of backtesting and overfitting data - paper
Replies: 31
Views: 1734

Re: Over-55 communities a ripoff?

dgdevil wrote:I heard STD rates were quite high too. Does the ambulance have its siren on? You'd think they'd be a bit tactful about that sort of thing?


At my parents over 55 place the joke was that Heart attacks were an STD
by Professor Emeritus
Thu Apr 17, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Over-55 communities a ripoff?
Replies: 38
Views: 2706

Re: I need a new coffee maker, any recommendations?

:happy Based on past threads, coffee is somewhat more controversial than market timing, religion, politics or sex with hookers. :D

I'm just not going there anymore :beer
by Professor Emeritus
Thu Apr 17, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 60
Views: 2241

Re: practicing medicine in Texas...

:happy that is absolutely impossible EVERYONE knows that due to greedy malpractice lawyers and chintzy insurance companies impoverished MDs are living in their cars, dumpster diving for dinner and discouraging young people from studying medicine. :happy Hey, my mother told me to learn how to cook an...
by Professor Emeritus
Thu Apr 17, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: practicing medicine in Texas...
Replies: 38
Views: 2720

Re: First of two parter on what is risk

In my little world of disasters RISK is a probability of an event UNCERTAINTY is our lack of knowledge of the probability distribution. If you play Russian roulette with a pistol and you know the number of cylinders and the number of bullets you can have a very clear statement of risk but if the bul...
by Professor Emeritus
Thu Apr 17, 2014 2:15 pm
 
Forum: Investing - Theory, News & General
Topic: First of two parter on what is risk
Replies: 26
Views: 1673

Re: Where are the Opportunities now ?

I thought that even Bogleheads were allowed to treat 5% of their portfolio as Play Money and invest it on whims, in individual stocks or sector funds. So why are we getting all judgmental here? No, it's "spending money" outside your portfolio. You can spend it on wine women and song , slo...
by Professor Emeritus
Thu Apr 17, 2014 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1983

Re: Live Now, Live Later?

One couple's experience. We were within shouting distance of your numbers when my wife was disabled at 60. However we had already done everything on our "bucket list". For healthy people at age 50 the median "fully healthy life expectancy" is about 16 years. You are a long time d...
by Professor Emeritus
Thu Apr 17, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 3600

Re: Newly Widowed, what to do with the life insurance money.

If your kids' grades and interests are college quality I would contact your State U and ask if they have any system for treating your assets as "non countable" based on your situation. e.g. if the money was in a retirement fund it would not be counted. Also ask at the CC. Do they have a fe...
by Professor Emeritus
Thu Apr 17, 2014 5:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: Newly Widowed, what to do with the life insurance money.

First let me express my deepest deepest sympathy. Since you mention FERS he was a federal employee Do you get a FERS pension ? (separate from TSP annuity7) (to have tax bracket of 25% marginal you have to have a taxable income of over 50 K with 2 kids) SS benefits are not fully taxable at that rate....
by Professor Emeritus
Wed Apr 16, 2014 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: making your own will or trust

I had to deal with a home made computer generated will that left money to a spouse and remainder to the two kids John and Mary it then said "if either John or Mary (testators son and daughter) do not survive me then Brother Michael shall inherit the remainder of my estate. Of course one of the ...
by Professor Emeritus
Wed Apr 16, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: making your own will or trust
Replies: 29
Views: 1685

Re: Stocks: How Bad It Can Get

This is actually a different issue, and I would agree with you. You are describing the underlying structure of the economy, not the stock market. Sort of the difference between climate and weather forecasting. I would respectfully disagree, the economy is whole different ball of wax with more compl...
by Professor Emeritus
Wed Apr 16, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: Stocks: How Bad It Can Get

Using words like correction and dip and bump etc suggest that there is underlying structure to the market. I.e. a set of real values that the market only approximates. There isn't. You're welcome to your opinion of course but that doesn't seem to match what the academic research is saying. The main...
by Professor Emeritus
Wed Apr 16, 2014 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: Federal Employment Question

Barefootgirl wrote:And yes, about the pension - all of my co workers cite as the primary reason for remaining in Govt - I haven't probed further, just what I hear repeatedly.

BFG


You will hear that from CSRS folks, especially those still eligible for CSRS despite a break in service.
by Professor Emeritus
Wed Apr 16, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Employment Question
Replies: 20
Views: 1337

Re: Federal Employment Question

I would certainly urge any fed in a professional position who is in it for the FERS pension to find another job. CRS calculates the FERS pension as costing 12% of the salary base. Even if you add in the 5% match you can get by putting up 5% for the tsp you get 17% of salary. DW's salaried non federa...
by Professor Emeritus
Wed Apr 16, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Employment Question
Replies: 20
Views: 1337

Re: Baby Boomers: Top 10 Movies

If you limit it to moves ABOUT baby boomers most of the list has to be dumped. Even American Graffiti (a great movie) is set in 1962 when the oldest boomer would have been 16 Neither Bernstein nor Woodward were boomers. George Lucas is not a boomer. Boomers were born 1946-1964 in most accounts. Olde...
by Professor Emeritus
Wed Apr 16, 2014 11:35 am
 
Forum: Personal Consumer Issues
Topic: Baby Boomers: Top 10 Movies
Replies: 44
Views: 2746

Re: Student Loan Repayment by Employer Counting as Taxed Inc

On a similar note, I've wondered why government officials don't have to pay tax on housing, chefs, etc.... Aren't those "employee benefits"? Could I have my small business purchase my house and live there rent free? No What is the business purpose OTHER than providing a tax break? Public ...
by Professor Emeritus
Wed Apr 16, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment by Employer Counting as Taxed Income
Replies: 16
Views: 913

Re: Stocks: How Bad It Can Get

georgewall42 wrote:If you had $732 in 1929 and decided to put it in your mattress, you would still have that $732 today.


Unless it was gold coins !!

Not a gold bug bt could not resist
by Professor Emeritus
Wed Apr 16, 2014 8:30 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: Stocks: How Bad It Can Get

placeholder wrote:
cfs wrote:Where have all the "Why bonds" conversations gone?

Long time passing.

:oops: beat me to it :sharebeer
by Professor Emeritus
Wed Apr 16, 2014 5:43 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: Stocks: How Bad It Can Get

Calm Man, the correction was roughly from 16,600 down to 16,000 on the DOW but the news media really played it up and people scare easily. I know it was roughly 3% but when the media gets a hold of that watch out. A 30% correction will cause some folks to get religion. http://www.investopedia.com/t...
by Professor Emeritus
Wed Apr 16, 2014 5:42 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: You don't want to be member of the hedge fund club

One reason people invest in the hedge funds is the prestige factor. People like to have their money invested by a well known money manager. Plus it makes you seem smarter and more sophisticated. Telling your wealthy friends at a cocktail party that you have your money in a three index fund portfoli...
by Professor Emeritus
Wed Apr 16, 2014 5:30 am
 
Forum: Investing - Theory, News & General
Topic: You don't want to be member of the hedge fund club
Replies: 13
Views: 2286

Re: Frugality regret: What thing do you regret not spending

Funny because I splurged for a professional photographer for a big family event in 2003. But at a similar event in 2007 I hired a kid for a few hundred dollars. I still regret spending all that money the first time. I will admit that between 2003 and 2007 the world went digital and my comfort with ...
by Professor Emeritus
Tue Apr 15, 2014 11:00 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14293

Re: Inheritance / gift question

Lets hear it for sticking it to little children for the sins of the parents. I guess Social security had the right idea.

But UTMA's are actually the easy way to do this.
by Professor Emeritus
Tue Apr 15, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance / gift question
Replies: 12
Views: 1317

Re: Stocks: How Bad It Can Get

What I think is just as interesting is how infrequent 50% plus declines are. There have been 3 since 1720, one every 100 hundred years on average. All this for historically 6.5 to 7% real growth (Siegel's constant) in value not a bad tradeoff but you need to stay the course and be ready for these t...
by Professor Emeritus
Tue Apr 15, 2014 10:18 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: VA Question

gkaplan wrote:I thought this was going to be a Veterans Affairs question.

in Virginia :happy
by Professor Emeritus
Tue Apr 15, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: VA Question
Replies: 4
Views: 458

Re: High Yield Bonds as an Annuity?

FWIW, the only kind of high yield bonds that have exhibited good risk/reward characteristics are the "fallen angels" --Once investment grade that became high yield or junk The reason they have done okay is that when they lose their investment grade status many institutional investors will...
by Professor Emeritus
Tue Apr 15, 2014 9:23 am
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds as an Annuity?
Replies: 23
Views: 1689

Re: High Yield Bonds as an Annuity?

Do remember that the difference between capital and income is an accounting device largely invented by and for lawyers. In feudal times you could use the profits from the land annually but you did not really "own" the land in any modern sense. The Franciscan friars for example were not all...
by Professor Emeritus
Tue Apr 15, 2014 6:54 am
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds as an Annuity?
Replies: 23
Views: 1689

Re: What exactly is a risk premium?

100% in the total market is typically considered the maximum risk appropriate even for a young investor. And it has very low turnover, so the transaction fees are typically lower than sector funds. If you think you need more risk than, say, a total world market fund, then you would have to buy a ri...
by Professor Emeritus
Mon Apr 14, 2014 9:37 am
 
Forum: Investing - Theory, News & General
Topic: What exactly is a risk premium?
Replies: 14
Views: 981

Re: The Case for Dividend Stocks in Retirement (article)

The distinction between capital and income was largely created by lawyers who decided what use could be made of land by a life tenant or tenant for years. You could grow crops on the land but could you cut trees? Trees were of course the original "growth stock" yielding no dividends until ...
by Professor Emeritus
Mon Apr 14, 2014 8:52 am
 
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 27
Views: 2248

Re: gold , silver, copper and uranium only

Gold, held as part of a portfolio, and rebalanced, is an asset class. Expectantly, the portfolio, will have a better sharpe ratio. Also expectantly, the portfolio may well have better performance with a 5-10 percent allocation to gold. Remember, its the rebalanaced portfolio's performance , not the...
by Professor Emeritus
Mon Apr 14, 2014 4:03 am
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 2242

Re: What should my mother do w her $600,000 retirement money

I just have to chime in regarding the roach infestation. If anyone wants to discuss how to mitigate the infestation, please start a thread in the Personal Consumer Issues forum. For this thread, let's keep to the investing aspects. :happy If you use boric acid on Edward Jones agents where does it g...
by Professor Emeritus
Sun Apr 13, 2014 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: What should my mother do w her $600,000 retirement money?
Replies: 31
Views: 4816

Re: Proper Money management and itinerary for Europe trip

2) no currency exchange is as good as no fee ATMS. Bank of America has partners. Speaking of dubious banking practices, the Global ATM Alliance is now essentially dead since BofA quietly introduced a fee last November. I got major sticker shock after dutifully using Westpac ATMs last year, but BofA...
by Professor Emeritus
Sun Apr 13, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proper Money management and itinerary for Europe trip
Replies: 36
Views: 1873

Re: Proper Money management and itinerary for Europe trip

We are in Venice May 1-8 and then Germany May 8 to 14. I've taught or worked in all the places you mention. Good suggestions from lots of folks Mine are more Technical 1) Italian plugs are different from German, especially in Venice they have 3 thin prongs 2) no currency exchange is as good as no fe...
by Professor Emeritus
Sun Apr 13, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proper Money management and itinerary for Europe trip
Replies: 36
Views: 1873

Re: Traveling by train in the UK for the firs time, help!

Compare everything to a Britrail flexible ticket. about 295 for 3 days or 360 fior 4 Rigid train tickets in the UK can be a real nightmare.
by Professor Emeritus
Sun Apr 13, 2014 6:45 pm
 
Forum: Personal Consumer Issues
Topic: Traveling by train in the UK for the firs time, help!
Replies: 29
Views: 1242

Re: the President's savings rate

Ex presidents and other significant federal officials get nice pensions and healthcare, if I'm not mistaken. They're different from you & me... You got that right. :) OFCS DW was a career government physician. She won lots of awards and prizes. pension + annuity value of government's share of T...
by Professor Emeritus
Sun Apr 13, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: the President's savings rate
Replies: 19
Views: 2626
Next

Return to advanced search