Search found 1823 matches

Return to advanced search

Re: Brother-in-law w/ CC Debt

The OP's brother-in-law has been punished with a 500 FICO; I didn't realize the credit score and data retention policies were considered a punishment system. I thought it merely reflected calculations based on recorded information. I wouldn't really consider it a punishment system, although that ma...
by Professor Emeritus
Fri Oct 31, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother-in-law w/ CC Debt
Replies: 38
Views: 3639

Re: Homeowners Policy Increased 26% in 2 Years

johnep wrote:I have always assumed that their rates were solely based upon coverage and claim history of the insuree.


I'm amused. Why would anyone think that? We buy insurance for rare catastrophic events. Actuaries estimate your risk.
by Professor Emeritus
Fri Oct 31, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowners Policy Increased 26% in 2 Years
Replies: 10
Views: 883

Re: Primary Doc Steering to Specialist Within Own Group

This happens in every industry. Why no uproar when an attorney refers a client to another attorney in their firm with expertise in the area of interest? An attorney owes a fiduciary duty to the client. The OP described "pressure" If got such pressure from my attorney, I would raise a real...
by Professor Emeritus
Fri Oct 31, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary Doc Steering to Specialist Within Own Group
Replies: 28
Views: 1730

Re: More Math Fun................

BahamaMan wrote:Building on the Previous Math Problem....

Here is another. Solve this:

6/2(2+1)


How can you solve without an "=" or other "comparison operator" ? e.g < > etc
by Professor Emeritus
Thu Oct 30, 2014 7:26 pm
 
Forum: Personal Consumer Issues
Topic: More Math Fun................
Replies: 16
Views: 742

Re: Primary Doc Steering to Specialist Withon Own Group

Even the AMA is very wary of the ethics in these deals Opinion 8.0321 - Physicians' Self-Referral Business arrangements among physicians in the health care marketplace have the potential to benefit patients by enhancing quality of care and access to health care services. However, these arrangements ...
by Professor Emeritus
Thu Oct 30, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary Doc Steering to Specialist Within Own Group
Replies: 28
Views: 1730

Re: Brother-in-law w/ CC Debt

I've taught Ethics for many years to Engineers Doctors and lawyers. My take is personal. 1) there is no ethical obligation whatever to pay a debt that has been sold. Ethics do not "run with the paper" on commercial debts. It is a pure matter of law. In particular Buyers of commercial debt ...
by Professor Emeritus
Thu Oct 30, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Brother-in-law w/ CC Debt
Replies: 38
Views: 3639

Re: Early SS or Higher IRA Withdrawal??

I like this :mrgreen: Also this is like "A bird in the hand is better than 2 in the bush" Take the SS Early and if you do not need it you can invest it and pass it on if need be. If you die at 69 years and 11 months and 30 days all that 8% year over year gain is 100% LOST forever IMHO. I ...
by Professor Emeritus
Thu Oct 30, 2014 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Early SS or Higher IRA Withdrawal??
Replies: 19
Views: 1504

Re: Help me help my mom

Needsomehelp wrote:Hello.


3 if she can do more. capture the rate of return from her mortgage by accelerating her mortgage payments



Owners of small businesses dependent on the business need lots and lots of liquidity. This is not a good idea until she has several years of payments in the bank
by Professor Emeritus
Thu Oct 30, 2014 6:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me help my mom
Replies: 9
Views: 1169

Re: Elderly parent on path to run out of money in 6 months

This sounds like me in 10-15 years. Father left quite a bit for my mother, but she has zero concept of budgeting or managing her finances. She's burning like 8-9% per year and doesn't seem to have any idea that the money can run out. She has no idea what she spends monthly, or what her annual recur...
by Professor Emeritus
Wed Oct 29, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 13
Views: 2996

Re: Elderly parent on path to run out of money in 6 months

The biggest catastrophic event would probably be medical, ie stroke or some other illness requiring him to go to the nursing home. Since he doesn't have any money, then this would be picked up by medicaid. If he has enough money for his daily needs, I don't think there is much to do except to try t...
by Professor Emeritus
Wed Oct 29, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 13
Views: 2996

Re: Early SS or Higher IRA Withdrawal??

Are both you and your wife eligible for SS? Will her benefits be reduced because of her federal pension? A person who is 50 in 2014 with a TSP is virtually never in CSRS. (its been FERS since 1983) Fers employees are in SS op said wife got full benefits at 56 which is the age for a FERS person with...
by Professor Emeritus
Wed Oct 29, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early SS or Higher IRA Withdrawal??
Replies: 19
Views: 1504

Re: pick up double major or finish college in 3 years?

Here's an alternative perspective - if she decides to go to medical school, admissions committees will eat up a candidate with a double major in non-science fields (assuming she has the prereqs or goes back and does them later). 1) Med school admission is a numbers game. Adcoms won't care one bit a...
by Professor Emeritus
Wed Oct 29, 2014 5:41 am
 
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 5621

Re: Effect of Pension (Texas TRS) on Asset Allocation

1) I agree there is a long standing debate My own suggestion is to understand the difference between assets and portfolio assets . Assets are anything you have that can at some time yield income in some way. Pensions SS. Human capital, Picassos, houses etc are ASSETS. A subset of assets are portfoli...
by Professor Emeritus
Wed Oct 29, 2014 5:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Effect of Pension (Texas TRS) on Asset Allocation
Replies: 5
Views: 577

Re: Car Rental Return Frustration in Spain

Rented cars in South Africa . At the small airport the instructions were Look for Charlie under the second fruit tree . I went out to the lot and there were guys standing under trees. I said to a guy "Charlie?" and he said no, second fruit tree is Charlie And there he was, with our car. :h...
by Professor Emeritus
Tue Oct 28, 2014 11:38 pm
 
Forum: Personal Consumer Issues
Topic: Car Rental Return Frustration in Spain
Replies: 17
Views: 1513

Re: Checking monthly - may not even notice the October "cras

I notice this crash, 7K lost in October, November so far breaking even, so of course one will notice the losses, this downward trend in market has been going on tail end of October into November, and so far we are far off from breaking even, about 65% of loses have been recovered but 35% S&P dr...
by Professor Emeritus
Tue Oct 28, 2014 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 49
Views: 3627

Re: POLL: Gross Annual Retirement Income Before Taxes

I answered the poll exactly as asked. That said, gross income for rentals and royalties (without regard to expenses) is somewhat meaningless. OFGS it said "Gross income before taxes" That is a fairly well understood concept. It is gross income from a tax perspective which for example incl...
by Professor Emeritus
Tue Oct 28, 2014 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Gross Annual Retirement Income Before Taxes
Replies: 25
Views: 1913

Re: POLL: Gross Annual Retirement Income Before Taxes

One of the things about retirement is you can often "choose" to take income or not. Our Base income is My DB Pension , DW's DB pension and her SSDI That is the "no choice" income. At 66 I would add spousal SS When I get my SS (and lose spousal) and we start RMDs we would be in th...
by Professor Emeritus
Tue Oct 28, 2014 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Gross Annual Retirement Income Before Taxes
Replies: 25
Views: 1913

Re: Elderly parent on path to run out of money in 6 months

It can be even worse. I worked very hard to make money for my parents. There was enough, with care, to take care of my mother. Unfortunately my sibling, who had the power of attorney, was hopeless when it came to budgeting. I'm not suggesting the sib to took money, it was simply not spent wisely wis...
by Professor Emeritus
Tue Oct 28, 2014 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 13
Views: 2996

Re: fleeced by an adviser, is there a recourse?

I hate to sound harsh, but you have no one to blame but yourself. Good grief. That is simply blaming the victim. Societies make choices as to what tactics can be used by the crooked and unscrupulous. but as son as we prohibit one they invent another. It is a constant battle to update the social pro...
by Professor Emeritus
Tue Oct 28, 2014 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 8082

Re: Do stocks have an intrinsic fundamental value?

2) The whole basis of trade is that things do not have one intrinsic fundamental value that is the same for everybody . Trade occurs because I have some stuff that is worth more to you than it is to me. Why should it be different with stocks? (I ought to credit the Boglehead forum member who pointe...
by Professor Emeritus
Tue Oct 28, 2014 10:16 am
 
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 1966

Re: fleeced by an adviser, is there a recourse?

I hate to sound harsh, but you have no one to blame but yourself. Good grief. That is simply blaming the victim. Societies make choices as to what tactics can be used by the crooked and unscrupulous. but as son as we prohibit one they invent another. It is a constant battle to update the social pro...
by Professor Emeritus
Mon Oct 27, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 8082

Re: Career Advice for an Unhappy Young Doctor?

If DW had had to practice internal medicine I suspect she she would have cut MY throat. She is introverted and shy. As it turned out she had a brilliant career on the technical side of medicine. Along the way I have met at least a dozen MDs who have had worthwhile fulfilling careers in medicine with...
by Professor Emeritus
Mon Oct 27, 2014 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 76
Views: 6879

Re: Do stocks have an intrinsic fundamental value?

Think of football rankings. Exactly what are they? does something exist that they measure? or is the ranking itself the creator of values? When a team goes up or down in the rankings based on wins or losses what does it mean? Are we refining our knowledge or are the teams changing. What is an "...
by Professor Emeritus
Sun Oct 26, 2014 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 1966

Re: Do stocks have an intrinsic fundamental value?

2) The whole basis of trade is that things do not have one intrinsic fundamental value that is the same for everybody . Trade occurs because I have some stuff that is worth more to you than it is to me. Why should it be different with stocks? (I ought to credit the Boglehead forum member who pointe...
by Professor Emeritus
Sun Oct 26, 2014 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 1966

Re: Do stocks have an intrinsic fundamental value?

So what I hear Larry saying is, "Yes, stocks have intrinsic fundamental value, but you can't know what it is." While valuation estimates are just that: estimates, Buffet seems to think that under certain circumstances some valuation estimates are more reliable than others. If there's too ...
by Professor Emeritus
Sun Oct 26, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 1966

Re: Gross Yearly Income needed in Retirement (Speculation)

Not sure if this was discussed as I haven't read thru every response, but one issue that my wife and I discuss (ages 55 & 54) is that we want to do most of our traveling before the age of 75. We feel that we can enjoy traveling far more in our younger years of retirement and that health issues ...
by Professor Emeritus
Sun Oct 26, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12470

Re: Statute of Limitations on Medical Billing?

one option, which I used once with success for my mother was to file with the insurance company a "claim" which I generated myself. It had the name of the provider the date of service and every piece of information I had. I included the notation "final cost of services not yet determi...
by Professor Emeritus
Sun Oct 26, 2014 6:16 am
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1745

Re: Subpoena

If you have an attorney working on your behalf please do NOT attempt to resolve this on your own. Continue trying to contact him. Call him every half hour if you have to. See if he has a paralegal that you can talk to. Also, under no circumstances should you contact opposing counsel as nothing good...
by Professor Emeritus
Sat Oct 25, 2014 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Subpoena [Received subpoena, how to proceed?]
Replies: 13
Views: 2233

Re: Should I Sue?

I would not sue just for moral reasons and its really not that much money for the hassle and use of emotional energy.. I mean you're basically suing them because it rained. Did you ever check the garage to see if it was a suitable place to store a couch? Grading away from structures is normally a b...
by Professor Emeritus
Sat Oct 25, 2014 9:46 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 3228

Re: Emergency Fund Questions

An "emergency fund" is simply a way to describe funds you can access quickly without unacceptable penalty, including investment penalty or a tax penalty. For living expenses over the next year for example you could in theory keep your emergency fund in gold coins, savings bonds CDs or almo...
by Professor Emeritus
Sat Oct 25, 2014 6:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Questions
Replies: 14
Views: 2234

Re: Subpoena

Federal subpoenas for non party witnesses are covered under rule 45 http://www.law.cornell.edu/rules/frcp/rule_45 You can write a note to the clerk of the court that you are trying to comply in good faith with the subpoena bu may need additional time to see if you have any documents. Ask the clerk t...
by Professor Emeritus
Sat Oct 25, 2014 6:46 am
 
Forum: Personal Consumer Issues
Topic: Subpoena [Received subpoena, how to proceed?]
Replies: 13
Views: 2233

Re: Athens and London, what to do and where to stay?

Wow folks hate Athens. Athens is a pain but it is incredible. Study up before you go. Best deal in Athens is the McDonalds at Monestariki. For one Euro you get a cup of quite respectable coffee, a fantastic view of the Parthenon and the use of their very clean bathroom. We are in London for 12 days ...
by Professor Emeritus
Fri Oct 24, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Athens and London, what to do and where to stay?
Replies: 36
Views: 1949

Re: Should I Sue?

I would not sue just for moral reasons and its really not that much money for the hassle and use of emotional energy.. I mean you're basically suing them because it rained. Did you ever check the garage to see if it was a suitable place to store a couch? Grading away from structures is normally a b...
by Professor Emeritus
Fri Oct 24, 2014 4:43 pm
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 3228

Re: Should I Sue?

I would not sue just for moral reasons and its really not that much money for the hassle and use of emotional energy.. I mean you're basically suing them because it rained. Did you ever check the garage to see if it was a suitable place to store a couch? Grading away from structures is normally a b...
by Professor Emeritus
Fri Oct 24, 2014 8:53 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 3228

Re: Should I Sue?

Call a lawyer.

That is what they do for a living

as just one example, how does the water get to the sofa ? through he roof is not a flood etcetc etc
by Professor Emeritus
Fri Oct 24, 2014 7:53 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 3228

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In addition, Thorp, while a professor of mathematics at MIT, met Claude Shannon, and took him and his wife Betty Shannon as partners on weekend forays to Las Vegas to play roulette and blackjack, at which Thorp was very successful.[12] His team's roulette play was the first instance of using a wear...
by Professor Emeritus
Thu Oct 23, 2014 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Bogle and dry powder

I think that "dry powder" originally refers to the (old) gun powder. You have to have "dry powder" in order to fire (buy stocks). So you keep some dry powder in order to fire (buy stocks) when you see the opportunities (in market). Cramer used that word(s) often in his shows. In...
by Professor Emeritus
Thu Oct 23, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 4947

Re: Bogle and dry powder

http://mb.clarkhoward.com/showthread.php?23745-Double-taxation-on-401k-loans-is-a-myth!&highlight=401+loan+double+taxed I agree with others that “anchor to windward” refers to stabilizing your ship in a storm and perhaps keeping it from running aground. That’s good advice for investing in the s...
by Professor Emeritus
Thu Oct 23, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 4947

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I'm no engineer, but I am a casino manager. The house doesn't cheat. The house wants perfectly balanced wheels and perfectly balanced dice. The casino wins due to the way the games are designed with the house edge being built into the payouts. The players are mostly paid less then the true odds wou...
by Professor Emeritus
Thu Oct 23, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Forbes Article On Active vs Passive Investing

Best wishes. Taylor for your list ' Sky Masterson: One of these days in your travels, a guy is going to show you a brand-new deck of cards on which the seal is not yet broken. Then this guy is going to offer to bet you that he can make the jack of spades jump out of this brand-new deck of cards and...
by Professor Emeritus
Thu Oct 23, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: Forbes Article On Active vs Passive Investing
Replies: 35
Views: 3863

Re: Gross Yearly Income needed in Retirement (Speculation)

We are in our first year of full retirement. Frankly we have more retirement income than I ever thought we would have. We paid off our house in the 1990s Paid for college for kids. Hit 50 with no debt of any kind. Starting In 2002 we were able to put lots of money into 403b 457 and TSP plans. All in...
by Professor Emeritus
Thu Oct 23, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12470

Re: Bogle and dry powder

His post is not about using dry powder for INVESTMENT but for CONSUMPTION . He is describing an emergency fund that keeps you from worrying in the short run about your market position. The anchor to windward comment is interesting. the point of a SEA ANCHOR is to keep you pointed to windward. It kee...
by Professor Emeritus
Thu Oct 23, 2014 9:20 am
 
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 4947

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

That one is easy. Player A is named Edward O. Thorp. (A mathematician, not an engineer.) http://en.wikipedia.org/wiki/Edward_O._Thorp Short answer: the wheel is not perfectly balanced, and there is enough bias to overcome the house edge. Thorp played blackjack , a non random game. As to the claim o...
by Professor Emeritus
Wed Oct 22, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

Here is my comment posted to that blog: A mathematical/mechanical/biologic system is composed of understood/predictable parts that can logically be explained from one to another. Changing one variable in a link in a STEM-system, usually, has a predictable and logical outcome that can be expected so...
by Professor Emeritus
Wed Oct 22, 2014 10:44 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

If only my "engineer" son get busy and pick a spouse. I Suppose, he thinks he is good at it :annoyed OTH, I can only hope that future son's spouse, will take a flying leap of faith. :? I was brilliant at picking a spouse DW is brilliant Beautiful Romantic hard working and a natural born B...
by Professor Emeritus
Wed Oct 22, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering numbers are only useful as data if there is a covering law that explains the relationship between or among the numbers. Gravity is a covering law. The strengths of materials is a covering law. We don't know if earthquakes have a covering law. And we certainly don't know what it is. S...
by Professor Emeritus
Wed Oct 22, 2014 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering field as a manager and in my heart I believe that everything can be explained with an equation to a reasonable degree OK Humor mode on :happy :D I give my Eng students the following problem you are a customer at a Casino. By careful observation you note that Player A wins regularly a...
by Professor Emeritus
Wed Oct 22, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering field as a manager and in my heart I believe that everything can be explained with an equation to a reasonable degree OK Humor mode on :happy :D I give my Eng students the following problem you are a customer at a Casino. By careful observation you note that Player A wins regularly a...
by Professor Emeritus
Wed Oct 22, 2014 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567

Re: Estimated SS COLA for 2015

Estimated COLA would be 1.6%. The Sept CPI W is obviously still outstanding, but both July and August saw drops from the prior months. The above estimate assumes that the Sept CPI W figure will drop at the same rate that July and August did. As of this date, nothing major has occurred in Sept that ...
by Professor Emeritus
Wed Oct 22, 2014 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 17
Views: 1818

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

In engineering field as a manager and in my heart I believe that everything can be explained with an equation to a reasonable degree OK Humor mode on :happy :D I give my Eng students the following problem you are a customer at a Casino. By careful observation you note that Player A wins regularly a...
by Professor Emeritus
Wed Oct 22, 2014 9:16 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9567
Next

Return to advanced search