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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: 12
Views: 1443

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: 2965

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: 1909

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: 12
Views: 1443

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: 32
Views: 1349

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: 2965

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: 2965

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: 2965

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: 117
Views: 7141

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: 2221

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: 2221

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: 117
Views: 7141

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: 3768

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: 110
Views: 7504

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: 2221

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: 117
Views: 7141

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: 117
Views: 7141

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: 117
Views: 7141

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: 117
Views: 7141

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: 117
Views: 7141

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: 117
Views: 7141

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: 1790

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: 117
Views: 7141

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

I'm not an engineer, but agree with the other folks in that I think engineers are some of the best investors. They are by nature and profession data driven and unemotional in their decision making. Those qualities make them terrible at other aspects of their life, but is a great plus when it comes ...
by Professor Emeritus
Wed Oct 22, 2014 8:45 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 117
Views: 7141

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

As an engineer by major and part of my profession, I am good at picking stocks. I just choose the less risky ones and hold them for an extended period, which most people (engineers or not) would be adverse to doing. This does not prove that you are good at picking stocks. You have to show that you ...
by Professor Emeritus
Wed Oct 22, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 117
Views: 7141

Re: Gross Yearly Income needed in Retirement (Speculation)

Point being, it costs money to go to this Kruger Park in South Africa for a couple weeks; I've not been, but other Bogleheads apparently have. It doesn't have to cost much at all to go to Kruger Park for a couple of weeks - rent a car (don't even need 4x4 there) and a tent, self drive around the pa...
by Professor Emeritus
Tue Oct 21, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 110
Views: 7504

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

In find engineers tend to be data driven, logical, and do not let emotions influence decision making. Those seem like excellent attributes which would lead them to a boglehead investing mentality. . In my experience Engineers are NUMBERS driven. Whether the numbers are relevant data is often the is...
by Professor Emeritus
Tue Oct 21, 2014 11:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 117
Views: 7141

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

As an engineer by major and part of my profession, I am good at picking stocks. I just choose the less risky ones and hold them for an extended period, which most people (engineers or not) would be adverse to doing. This does not prove that you are good at picking stocks. You have to show that you ...
by Professor Emeritus
Tue Oct 21, 2014 11:14 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 117
Views: 7141

Re: Electricity Adaptor for Europe

I spend a lot of time in Europe and I own European power cords for all my computers. The transformer has a standard international connection and you plug in the appropriate cord. It gives you a proper grounded connection and the cord fits much better into available outlets. Many plug adapters do not...
by Professor Emeritus
Tue Oct 21, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Electricity Adaptor for Europe
Replies: 10
Views: 621

Re: Gross Yearly Income needed in Retirement (Speculation)

dad2000 wrote:Will likely settle in a high cost of living area because we like the ocean.

Post tax:
$70K essentials
$50K discretionary


Almost exactly the same.
We also self insure for long term care.
by Professor Emeritus
Tue Oct 21, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 110
Views: 7504

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

In find engineers tend to be data driven, logical, and do not let emotions influence decision making. Those seem like excellent attributes which would lead them to a boglehead investing mentality. . In my experience Engineers are NUMBERS driven. Whether the numbers are relevant data is often the is...
by Professor Emeritus
Tue Oct 21, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 117
Views: 7141

Re: Leon Cooperman giving the same advice as Warren

Grt2bOutdoors wrote:Cash = Fiat money
.


Land deeds=Fiat ownership
Car titles =Fiat ownership

Etc etc etc

All repeat all concepts of property ownership are FIAT

Nothing except the government can create "ownership"
by Professor Emeritus
Tue Oct 21, 2014 6:08 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3240

Re: Buying a house without a realtor

... As long as you keep their interests in the front of your mind, though, you might as well bring another realtor in. If the seller is using a realtor and you don't have one yet, have the seller's realtor work both sides of the transaction. They will likely help lower the price by lowering the com...
by Professor Emeritus
Tue Oct 21, 2014 5:21 am
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2805

Re: Buying a house without a realtor

Your understanding of the law is incorrect A buyer's agent is a fiduciary who owes a total duty of loyalty to the client . That is true BUT... I remember an article in the WSJ some years ago that showed (this was in Chicago I think) that when selling their own houses real estate agents held out lon...
by Professor Emeritus
Mon Oct 20, 2014 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2805

Re: Buying a house without a realtor

Your understanding of the law is incorrect A buyer's agent is a fiduciary who owes a total duty of loyalty to the client. That is true BUT... I remember an article in the WSJ some years ago that showed (this was in Chicago I think) that when selling their own houses real estate agents held out long...
by Professor Emeritus
Mon Oct 20, 2014 6:21 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2805

Re: Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question i...
by Professor Emeritus
Mon Oct 20, 2014 8:12 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Attorney Hourly Rates?

Funny. I was actually talking with a soon to be attorney yesterday who's wrapping up her 8th year of higher education. She rattled off how much her 2 degrees have cost her in round #s and said "and yet people baulk at paying $200 an hour for our service". :happy Americans mostly balk :hap...
by Professor Emeritus
Mon Oct 20, 2014 5:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question i...
by Professor Emeritus
Mon Oct 20, 2014 5:15 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Why do people use age instead of life expectancy?

I have always found the "age in bonds" discussions a bit bizarre. Your age as such MEANS NOTHING from an investment point of view. It is a useless factoid. It is being used as a proxy for life expectancy by people whose Victorian delicacy prohibits talking about death. . So the question i...
by Professor Emeritus
Mon Oct 20, 2014 5:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Why do people use age instead of life expectancy?

Professor Emeritus, I'm 59 years old and have a life expectancy of 78. I'm feeling pretty optimistic today, so I've recalculated my life expectancy and adjusted it to 82, based on family history and the fact that I have a nice wife and a warm dog. Given your summary dismissal of the "age in bo...
by Professor Emeritus
Mon Oct 20, 2014 5:09 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Buying a house without a realtor

And it isn't all about the agent fees. IMO, there isn't anything that requires the buyer's agent to have the buyers best interest in mind (that I am aware of). They make money by making the sale. Once they find a house you are even considering, they benefit by convincing you to buy it. I don't need...
by Professor Emeritus
Sun Oct 19, 2014 6:09 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2805

Re: Computer codes availability at indep. repair garages?

Yes, some of that covers overhead like rent, tooling, training, oil disposal, etc; this is how a business works. If your shop is charging less as a loss leader to get in the door then they are under pressure to "up-sell" you and everybody else on different repairs that may or may not be n...
by Professor Emeritus
Sun Oct 19, 2014 1:59 pm
 
Forum: Personal Consumer Issues
Topic: Computer codes availability at indep. repair garages?
Replies: 42
Views: 1820

Re: Considering a more aggressive AA than age = bonds

Just remember your overall asset structure drives your portfolio asset analysis. e.g. what percentage of your overall assets are in your portfolio? We are retired so calculation is easy. We have no human capital. In our case for example DW and I both have pensions and social security and we own our ...
by Professor Emeritus
Sun Oct 19, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3274

Re: POLL: How fulfilling is your retirement?

DW was suddenly disabled. I retired to be her full time caretaker . Is it fulfilling YES. Do I struggle YES. The poll seem slanted in favor of the able bodied/non disabled who have free choices. My position is similar. I retired early because of an ill spouse. (Actually, this gave me an unfortunate...
by Professor Emeritus
Sun Oct 19, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2995

Re: The Final, Definitive Thread on Rebalancing

FreddieG wrote:I rebalance by turning off the news using alternating left and right index fingers on the remote.


My mother used to say that a balanced diet was a cannoli in each hand.
by Professor Emeritus
Sun Oct 19, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Rebalancing
Replies: 24
Views: 1878

Re: Attorney Hourly Rates?

I'm an academic attorney. My attorney is $250 hr in suburban Md. I prep the case for him as well or better than a junior in his firm. That optimizes his time. He is worth every penny I pay him.
by Professor Emeritus
Sun Oct 19, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3023

Re: POLL: How fulfilling is your retirement?

DW was suddenly disabled. I retired to be her full time caretaker . Is it fulfilling YES. Do I struggle YES. The poll seem slanted in favor of the able bodied/non disabled who have free choices. Just imagine a world in which MONEY is the least of your concerns. That is my world Any of you could be i...
by Professor Emeritus
Sun Oct 19, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2995

Re: Anyone cancelling travel plans?

No, we are not cancelling any travel plans. Why should we? The only fear I have is driving to the airport 70 miles away in January in snow or ice, but even that won't stop me. . Now, if I was scheduled for a photo safari in Africa, maybe I would, but ONLY that. :twisted: :twisted: :twisted: :twiste...
by Professor Emeritus
Sat Oct 18, 2014 5:31 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6298

Re: Why do people use age instead of life expectancy?

StarbuxInvestor wrote:Age is based in reality while life expectancy is a fictitious construct.



ALL past stock performaces are the same kind of reality, just like the brilliance of financial advisors in the past.
sucker bait
by Professor Emeritus
Sat Oct 18, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914

Re: Why do people use age instead of life expectancy?

"Why do people use age instead of life expectancy?" Because anything beyond any rough rule of thumb is all meaningless false precision. Probably sparked by resistance to accepting uncertainty. The difference in average life expectancy at age 65 between men and women is less than 3 years U...
by Professor Emeritus
Sat Oct 18, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2914
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