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Re: Individual MBS & UITs in taxable account

If you want to sell the UIT just call Vanguard. I moved a UIT over a couple months back and had to call them to sell (it was $35 as you state in your OP). If I remember correctly they told me there was no way for me to do it online. Right now I am leaning towards keeping the UITs. They are such a s...
by Valuethinker
Tue Jul 22, 2014 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Individual MBS & UITs in taxable account
Replies: 4
Views: 233

Re: What Book Are You Currently Reading? Part V

That war being amongst the most fruitless of a fruitless conflict. The Italians were bribed to go to war by being offered the Tirol by France and England. The parliament wasn't even allowed to vote on it. The war turned into a nightmare of bloody battles in Tirolia and Slovenia/ Trieste area, with ...
by Valuethinker
Tue Jul 22, 2014 6:14 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3097
Views: 989422

Re: If Argentina Defaults

Would it be a good time to buy Argentine stocks, for example in the ETF ARGT? Would it be a good time to convert some dollars into Argentine pesos, if the currency loses value, with the hope that in the next few years it will regain some value? For example, see this article: http://www.businessinsi...
by Valuethinker
Tue Jul 22, 2014 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: If Argentina Defaults
Replies: 6
Views: 520

Re: Adding Corporates to Total Bond Market Index

Munir I have a couple of concerns here: 1. not all dips are temporary. If we think of inflation and bonds in the period about 1955-1980, this was anything but 'temporary'. Similarly there are plenty of records (especially including international markets) of multi year bear markets in equities. Eg 19...
by Valuethinker
Tue Jul 22, 2014 8:50 am
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 66
Views: 5238

Re: Bond funds- your percentage of intermediate vs. short-te

Nisiprius I think part of the problem is the returns on cash have fallen so much. They are now negative in real terms before tax! I agree that has led to an increase in our risk profiles, against which we are often unwitting (grammar). If we had a rerun of the 1930s of course we would all go back to...
by Valuethinker
Tue Jul 22, 2014 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1009

Re: Anyone attend Worcester Polytechnic Institute

I know I wouldn't hire a fresh grad whose major was Engineering Management. What is she going to manage? I'd rather hire a mechanical engineer and send him/her to get their masters in engineering management once they prove their worth. The only thing I can say to that is that great leaders are born...
by Valuethinker
Tue Jul 22, 2014 7:45 am
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 42
Views: 1880

Re: Lost a lot in stocks and starting fresh: Please Help

Hi Everyone, I am new to this forum. I have been reading a lot of posts recently and decided to post my financial situation. I have lost quite a bit stocks and options in the last 5 years (Yes all those years When the markets literally went up by 150%). I want to start from scratch, Please offer su...
by Valuethinker
Tue Jul 22, 2014 6:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 86
Views: 11203

Re: What if the market doesn't recover for a long period?

It's great that OP understands that stock holders risk their principal even if they intend to hold for "the long term". Here is a relevant Paper from UC Irvine: The Long Term Risks of Global Stock Markets Thank you very much for that! Note the conclusion suggests global diversification wo...
by Valuethinker
Tue Jul 22, 2014 6:29 am
 
Forum: Investing - Theory, News & General
Topic: What if the market doesn't recover for a long period?
Replies: 39
Views: 5198

Re: Bond funds- your percentage of intermediate vs. short-te

Hello, Are there any recommendations for the percentage of intermediate-term-bond funds vs short-term-bond funds? For instance, if one is 30/70 stock/bond, is there any guidance as to the percentage that should be in intermediate-term-bond funds vs short-term-bond funds? I'm curious because it appe...
by Valuethinker
Tue Jul 22, 2014 6:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1009

Re: Saudi to Open Up $531 Billion Stock Market to Foreigners

Historically it has been a real roller coaster. Gambling is illegal in Saudi Arabia, one of the world's most conservative countries (AFAIK). So 'outlets' like the stock market serve the same purpose. Very sentiment driven. The majority of the economy is, AFAIK, still oil revenues-- the government st...
by Valuethinker
Tue Jul 22, 2014 6:05 am
 
Forum: Investing - Theory, News & General
Topic: Saudi to Open Up $531 Billion Stock Market to Foreigners
Replies: 1
Views: 518

Re: Anyone attend Worcester Polytechnic Institute

I know I wouldn't hire a fresh grad whose major was Engineering Management. What is she going to manage? I'd rather hire a mechanical engineer and send him/her to get their masters in engineering management once they prove their worth. You find here, at least in the UK, that many of them go straigh...
by Valuethinker
Tue Jul 22, 2014 5:52 am
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 42
Views: 1880

Re: Adding Corporates to Total Bond Market Index

Munir - we'd have to do the research on the fund reports. As I cannot invest in this fund, I don't have the time to do this - you'll be fine in an intermediate term IG fund *unless* it hits the fan re the financial system again We are arguing really half a per cent here and there, plus or minus, for...
by Valuethinker
Mon Jul 21, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 66
Views: 5238

Re: Help with Title/Author of Science Fiction Novel

Le Carre is one of my favorites, and the fact I haven't read all of his work is one of the reasons I am not going to read any more Stross for a while at least. Along this path are Graham Greene's 'entertainments'. My wife told me once that she thought he was the greatest living practitioner of the ...
by Valuethinker
Mon Jul 21, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Help with Title/Author of Science Fiction Novel
Replies: 28
Views: 1793

Re: Repair car vs. buy new vs. lease -- EV or not?

Options: 1: Fix/keep old car, cost ~$7500 for three years, assuming no more repairs 2: Get a new leaf, and plan to sell in 3 years: cost ~$7500 3: Lease an EV, cost ~$1,500 over the three years 4: Get a new ICE car: cost ??? What would you do? Note this car is *utility* so basically you want a car ...
by Valuethinker
Mon Jul 21, 2014 11:00 am
 
Forum: Personal Consumer Issues
Topic: Repair car vs. buy new vs. lease -- EV or not?
Replies: 16
Views: 1264

Re: Ways to lose money and destroy personal wealth by invest

Thanks for the post VT! A couple more to add: * Investing in financial instruments that one does not understand. * Overestimating one's tolerance for risk. * When retired, failing to account for "sequence of returns" risk. JT Good. I would say *most* of us probably don't understand all ou...
by Valuethinker
Mon Jul 21, 2014 10:54 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

A couple of 'investments' that I had friends that lost significant money (they were bankers or lawyers or doctors, doctors seem to fall for these things): - owning a restaurant (unless you really trust the entrepreneur and even then) or worse a nightclub (people do that so they can take their friend...
by Valuethinker
Mon Jul 21, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

anything on legs. cattle ranching: How do you make a small fortune in ranching? Start with a large fortune. Horse breeding: ROFL eggs on legs. No fooling. Too many doctors and some lawyers all have bought into investments on legs and lost plenty. ron bennington - radio show host i'm a huge fan of h...
by Valuethinker
Mon Jul 21, 2014 10:47 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

- failing to buy a house when you can afford it and you are a long term holder (this is more controversial, but it was only accident I bought a flat in the mid 1990s in London, and that flat would now be worth 5x what I paid for it) Doesn't the Shiller data show the long run appreciation in housing...
by Valuethinker
Mon Jul 21, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

1) Marrying the wrong person. 2) Using the fantasy word "home equity". A house is an asset, a mortgage is a loan. The buy rent decision on houses, cars seond homes is always complicated but the loan has nothing to do with the case. I don't think 'home equity' is a fantasy. The *value* of ...
by Valuethinker
Mon Jul 21, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

hoops777 wrote:Ego and thinking you are smarter than the market or listening to someone who thinks he is smarter than the market.


Yes
by Valuethinker
Mon Jul 21, 2014 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

3. As was stated, this kind of thinking may seem justified by personal experience but is not sound. Even if one knew in advance that their local housing market would be hot, they could still come out further ahead, strictly as an investor, by buying eg. 2*$250k houses and renting one out rather tha...
by Valuethinker
Mon Jul 21, 2014 10:41 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

- investing in private companies or private real estate where you are not directly involved in the management of the business or asset Can you please elaborate on the issues with private real estate? Seems to me like illiquidity and leverage can be big issues. Also, the managers' interests may not ...
by Valuethinker
Mon Jul 21, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

investing decisions made for primarily tax related reasons I've heard people say "Don't let the tax tail wag the dog," but are there examples of doing/not-doing something purely for tax reasons? Perhaps something like never rebalancing if you only had taxable investments? No I invested in...
by Valuethinker
Mon Jul 21, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

- failing to buy a house when you can afford it and you are a long term holder (this is more controversial, but it was only accident I bought a flat in the mid 1990s in London, and that flat would now be worth 5x what I paid for it) Doesn't the Shiller data show the long run appreciation in housing...
by Valuethinker
Mon Jul 21, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

1. Not understanding who you are to begin with. As has been pointed out by many a writer, the markets can be an expensive place to find out who you really are. 2. Underestimating the value of compounding, even when rates seem "low." 3. Ditto for underestimating the value of reinvesting. 4...
by Valuethinker
Mon Jul 21, 2014 10:32 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

Believing there is a shortcut to wealth. I can't remember how many different relatives of mine have gotten robbed blind by scam artists selling the latest get rich quick scheme at conference rooms in seedy suburban hotels. Fly by night gold mining companies Real estate development partnerships that...
by Valuethinker
Mon Jul 21, 2014 10:32 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

technovelist wrote:Assuming that the future can be predicted by looking at the past.
For example, assuming that the history of the US stock market since 1927 is a reliable guide to the future.


Any particular reason why you chose 1927 as a start date?
by Valuethinker
Mon Jul 21, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

Choose your investments to express your political opinion. PJW Very good one. Also confusing an 'ethical' investment policy with ethical living. The way to (help) save the planet is to consume less, personally. The way to carry out political activities is to participate in them with time and money ...
by Valuethinker
Mon Jul 21, 2014 10:30 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

Assume the current bull market will continue forever. Or assuming the bear market will last forever, or the double dip recession is inevitable, or stock will dip when QE3 ends, or... How about we just go with assuming we know the future of the market. The danger is in positioning your portfolio on ...
by Valuethinker
Mon Jul 21, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

Investing 100% in your companies' stock. I actually had a boss at a financial company who was doing this. When I remarked how that wasn't a great idea he bragged he had X% returns the previous year... then I showed him the S&P 500 did half a percent better. Same returns, a whole lot less risk. ...
by Valuethinker
Mon Jul 21, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

1) Following a financial advisor's recommendation to buy Master Limited Partnerships 2) Doubling down by doing #1 in an IRA I agree with 2), MLP in IRA removes some of the biggest advantages and creates risk of weird tax consequences nobody has a complete handle on (I've concluded by listening to t...
by Valuethinker
Mon Jul 21, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Ways to lose money and destroy personal wealth by invest

-assuming that a bubble (such as the tech bubble or a housing bubble) will go on forever. Getting 'panicked in' by the fear you will miss the boat The opposite of this is equally deadly. Assuming that a bubble is insane and about to burst and betting heavily on that. Never underestimate just how cr...
by Valuethinker
Mon Jul 21, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9121

Re: Anyone attend Worcester Polytechnic Institute

I grew up in Mass for part of my life. I went to a WPI competitor, Rensselaer Polytechnic Institute. WPI has a good reputation. Your daughter should have no problems getting a job. If I were her, I would look at large companies such as GE. And, then, there is this: http://www.telegram.com/article/2...
by Valuethinker
Mon Jul 21, 2014 8:30 am
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 42
Views: 1880

Re: Help with Title/Author of Science Fiction Novel

Gibson along with LeGuin is one of the few sci-fi authors I've kept up with. This year he is coming back to the fold with a new sf novel, due in October, "The Peripheral". I am a Bogart fan so I've already watched The Big Sleep. You are not the only one to recommend the original to me. I'...
by Valuethinker
Mon Jul 21, 2014 8:18 am
 
Forum: Personal Consumer Issues
Topic: Help with Title/Author of Science Fiction Novel
Replies: 28
Views: 1793

Re: oil companies more risky

US domestic production is rising rapidly for the first time (lower 48) in 40 years (tight oil). Conversely political disruption is hitting all the usual suspects. It appears that ISIS in northern Iraq is continuing to produce and export oil, so events there have not yet taken Iraq off the grid. Liby...
by Valuethinker
Mon Jul 21, 2014 7:54 am
 
Forum: Investing - Theory, News & General
Topic: oil companies more risky
Replies: 8
Views: 998

Re: POLL: Do you have a dedicated REIT allocation?

My thinking since beginning reading this topic discussion (possible sarcasm, not sure): 1) I don't own REITS because I don't really understand them. Don't think I'll ever own them. 2) Wow, over 50% of very knowledgeable forum members own REITS. Maybe I need to reconsider. 3) Okay, someone is pointi...
by Valuethinker
Mon Jul 21, 2014 7:46 am
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6766

Re: How much energy does water heater use when I'm not home?

My condo has an electric water heater. I've always shut off the circuit breaker when I go on vacation (typically a week or two) in order to save on electricity when I'm not there. Don't do this in winter if outside temperature could drop below freezing whilst you are away. This makes no sense as th...
by Valuethinker
Mon Jul 21, 2014 7:34 am
 
Forum: Personal Consumer Issues
Topic: How much energy does water heater use when I'm not home?
Replies: 32
Views: 2635

Re: How much energy does water heater use when I'm not home?

Yep, sounds like I'll be using the breaker and turning off the line to the hot water heater when I go on vacation. I'll even turn off the breaker the night before so we can use up the already heated hot water in the morning, which should be an additional savings. Can you check the manual? Because I...
by Valuethinker
Mon Jul 21, 2014 6:44 am
 
Forum: Personal Consumer Issues
Topic: How much energy does water heater use when I'm not home?
Replies: 32
Views: 2635

Re: [residential] Solar Panels [in CA]?

I disagree with Hardknocker on the Prius vs an Outback.I do not know how you figured that but I can buy a new Prius original size for under 21k and the gas mileage is almost double.The Prius is also an excellent all around car. Hardknocker is determined to make a point. When I challenged him on num...
by Valuethinker
Mon Jul 21, 2014 6:39 am
 
Forum: Personal Consumer Issues
Topic: [residential] Solar Panels [in CA]?
Replies: 22
Views: 1726

Re: [residential] Solar Panels [in CA]?

Back to original post ... we are in So Cal but since we use so little electricity (<$50 per month / $.15 per kWh) it is not worth the cost. Would be nice to have in case of a power interruption, but setting that up adds even more cost. Not sure what the actual technical language is, but to connect ...
by Valuethinker
Mon Jul 21, 2014 6:26 am
 
Forum: Personal Consumer Issues
Topic: [residential] Solar Panels [in CA]?
Replies: 22
Views: 1726

Re: Help with Title/Author of Science Fiction Novel

Works published in the US before 1964 are in the public domain unless their copyright was renewed. Only about 15% of all works were renewed. Thus a lot of golden age stuff is off copyright. George H Smith I have never run into. George O Smith though - loved the Venus Equilateral stories. This is gr...
by Valuethinker
Sun Jul 20, 2014 1:24 pm
 
Forum: Personal Consumer Issues
Topic: Help with Title/Author of Science Fiction Novel
Replies: 28
Views: 1793

Re: Help with Title/Author of Science Fiction Novel

His early SF: Slan, Null-A, Weapon Shops of Isher, War Against the Rull , Voyage of the Space Beagle remain to my mind some of the most gripping SF ever written. My personal favourites are the 2 'I Claudius' riffs: Empire of the Atom and Wizard of Linn . I could probably still quote you whole chunk...
by Valuethinker
Sun Jul 20, 2014 9:27 am
 
Forum: Personal Consumer Issues
Topic: Help with Title/Author of Science Fiction Novel
Replies: 28
Views: 1793

Re: What Book Are You Currently Reading? Part V

A Farewell to Arms by Ernest Hemingway. This is the first book by him that I'm reading. It's a novel set in Italy during WWI, somewhat based on his own experiences on the Italian front. A few sentences that I really liked: "I have noticed that doctors who fail in the practice of medicine have ...
by Valuethinker
Sun Jul 20, 2014 5:41 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3097
Views: 989422

Re: [Learning about] Economics 101

It wasn't long before it became clear that these AAA rate MBSs might not be worth the paper they were printed on. And since MBSs where just one form of derivative that could be the basis for both creating other derivatives and as collateral for a variety of other purposes, it impacted the entire fi...
by Valuethinker
Sun Jul 20, 2014 5:00 am
 
Forum: Investing - Theory, News & General
Topic: [Learning about] Economics 101
Replies: 37
Views: 2520

Re: Gray Market woes

Thanks for the replies... I did get a dividend in January through Bank of Montreal but none since then. Sometimes it takes a couple of weeks for the dividend to show up in our account with BMO but it has now been over a month since the latest dividend and that is a bit long. If it doesn't come thro...
by Valuethinker
Sat Jul 19, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Gray Market woes
Replies: 20
Views: 1999

Re: Forced Stock sale

thegoogly wrote:Maybe I should re phrase my question.

Are there any one time tax avoidance strategies?

Thanks


Selling other investments that you have a loss on?
by Valuethinker
Sat Jul 19, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Forced Stock sale
Replies: 11
Views: 1518

Re: Gray Market woes

It's a phone company and has value and pays dividends. Did your account get the 6/4/2014 dividend? If this is just a small position and you are getting the dividends in your account in cash, I'd just keep it. If it's a lot of money to you at the quoted price I'd try harder to find a brokerage that ...
by Valuethinker
Sat Jul 19, 2014 1:17 pm
 
Forum: Investing - Theory, News & General
Topic: Gray Market woes
Replies: 20
Views: 1999

Re: Economics 101

Here are housing starts in CA. Check the dates: http://www.cbia.org/tasks/sites/cbia/assets/File/Historical%20Housing%20Starts%201954-2013.pdf Thanks for that data. It looks like housing "bubbles" are recurring events in California. This could be the kind of data the OP is looking for. ht...
by Valuethinker
Sat Jul 19, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: [Learning about] Economics 101
Replies: 37
Views: 2520

Re: Economics 101

OriolesFan4Life wrote:Economics in One Lesson by Henry Hazlitt

http://www.amazon.com/Economics-One-Les ... 0517548232


Same caution as with Sowell about a highly biased view of the field of economics.
by Valuethinker
Sat Jul 19, 2014 11:56 am
 
Forum: Investing - Theory, News & General
Topic: [Learning about] Economics 101
Replies: 37
Views: 2520

Re: Economics 101

Here are housing starts in CA. Check the dates: year SFamily MFamily Total 2003 138,762 56,920 195,682 2004 151,417 61,543 212,960 2005 155,322 53,650 208,972 2006 108,021 56,259 164,280 2007 68,409 44,625 113,034 2008 33,050 31,912 64,962 2009 25,046 11,163 36,209 http://www.cbia.org/tasks/sites/c...
by Valuethinker
Sat Jul 19, 2014 11:55 am
 
Forum: Investing - Theory, News & General
Topic: [Learning about] Economics 101
Replies: 37
Views: 2520
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