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Re: Seeking Advice on MetLife VA Annuity

@futtee ..snip.. The real value of this type of annuity is that if we have a Down market, that your withdrawal amount actually goes up - the GWIB rider. Suggest you get Moshe Milevski, Life Annuity, An Optimum Product... , A more relevant Moshe Milevsky article for this situation is: What is a Guar...
by dodonnell
Thu Oct 23, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice on MetLife VA Annuity
Replies: 17
Views: 1067

Re: Now what? - Lost check to IRS

Fixed the link. My bad.

Your estimated tax payment is not late if it was mail on or before the due date.

EFTPS is very specific in directing payment to proper form. Whether you are filing 1040-ES 2014 or 941 Q3 2014 for a corporation.
by dodonnell
Mon Oct 13, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Now what? - Lost check to IRS
Replies: 9
Views: 1167

Re: Now what? - Lost check to IRS

I mailed my 2013 Tax Return with a paper check to the IRS on 4/15/2014. Certified Mail. They printed on the back of the check: my SSN, first 4 letters of my last name, the tax period 201312, and a date: 04192014. I assume this means they processed my check 4 days later on 4/19/2014. However, the pay...
by dodonnell
Mon Oct 13, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Now what? - Lost check to IRS
Replies: 9
Views: 1167

Re: Investing Advice [NYT article on "buying" investment adv

Interesting article. There are some specific situations when brokers must act as fiduciaries — for example, when they collect a percentage of total assets to manage an investment account .. snip .. Confusing? Absolutely. Is this true? Someone charging a percentage of AUM must be a fiduciary? I was ...
by dodonnell
Sun Oct 12, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Investing Advice [NYT article on "buying" investment advice]
Replies: 9
Views: 964

Re: I've never been a fan of commodity funds

As I never tire of posting: the long-term portfolio returns .. snip .. the higher returns, amigos! Gold was up about 4% in 2008 and had a CAGR of 14% from 1/1/2008 to 12/31/2010, so I would say that it did help in 2008. :moneybag Note: I'm not interested in commodities either, just gold. Yeh, gold ...
by dodonnell
Sat Sep 13, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: I've never been a fan of commodity funds
Replies: 28
Views: 2340

Re: I've never been a fan of commodity funds

thanx for the link to the great debate. Commodities sure looked good 10 years ago. They had ok returns over the prior 15 years, but look at those correlations with stocks and bonds. http://i60.tinypic.com/10hqddi.png If a professional money manager didn't have commodities in his global portfolio 10 ...
by dodonnell
Fri Sep 12, 2014 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: I've never been a fan of commodity funds
Replies: 28
Views: 2340

Re: Math Question re: Annualized Total Return

Very interesting posts. My take: 1. Daily returns are only compounded on trading days (252 days, not 365). 2. Fees are accrued daily, but compounded on each NAV update, which occurs only on trading days. 3. NAR is a realized annual return or a geometric daily return. It is not a daily return, annual...
by dodonnell
Wed Aug 27, 2014 10:55 am
 
Forum: Investing - Theory, News & General
Topic: Math Question re: Annualized Total Return
Replies: 6
Views: 857

Re: 12b-1 Fees

JPMorgan SmartRetirement 2050 C

The class used in your 401k most likely is very similar to this funds 12b-1 Fees of 0.75%.
by dodonnell
Tue Aug 26, 2014 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 12b-1 Fees
Replies: 13
Views: 701

Re: Callable municipal bonds

If their market price has been substantially above the "Call" price for the last few years, then they will most likely will be called. ... if their market price is below the "Call" price, then they most likely have credit problems, which means they cannot refinance and they won't...
by dodonnell
Mon Aug 25, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Callable municipal bonds
Replies: 6
Views: 457

Re: Fidelity settles lawsuits over its own 401(k) plan

$12M for 50k people is $240 per person. Also, Fidelity 401k participants will receive the " revenue sharing " payments from both the Fidelity mutual funds and the non-Fidelity mutual funds. These payments are in addition to the funds performance. These payments are usually hidden from the...
by dodonnell
Sat Aug 23, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity settles lawsuits over its own 401(k) plan
Replies: 5
Views: 563

Fidelity settles lawsuits over its own 401(k) plan

http://money.cnn.com/2014/08/18/retirem ... -lawsuits/

If you are a current or former Fidelity employee, the good news is that you may gain access to Vanguard, and other competitor funds in your Fidelity 401k.
by dodonnell
Sat Aug 23, 2014 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity settles lawsuits over its own 401(k) plan
Replies: 5
Views: 563

Re: commodity funds and currency risk

... snip... the world prices commodities in dollars. When the USD falls, there is more demand because the commodity is relatively cheaper. The effect is not perfect. It is however particularly noticeable in oil. Another factor is on the supply side, when the USD falls the Saudis may feel compelled ...
by dodonnell
Tue Aug 19, 2014 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: commodity funds and currency risk
Replies: 8
Views: 619

Re: commodity funds and currency risk

dodonnell Only problem is that there are correlations that matter. When dollar falls commodity prices tend to rise, as I explained. That helps offset the long dollar position, and vice versa Larry Let me see if i can hone in on what you are explaining: Would my previous post answer be more valid, i...
by dodonnell
Tue Aug 19, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: commodity funds and currency risk
Replies: 8
Views: 619

Re: commodity funds and currency risk

I want to add a 5% allocation to a broad commodity basket to my portfolio, but I've ran into a snag: I don't think I understand the potentially involved currency risk (if any). The thing is: I am located in Finland, so my local currency is the euro. I have a good understanding of currency risk when...
by dodonnell
Mon Aug 18, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: commodity funds and currency risk
Replies: 8
Views: 619

Re: CFA Results

Just passed Level II. Registered for Level III for June 2014. ... passed Level I this past December 2012. Just reading the CFA CBOK so far. Don't tell anybody, but I love this stuff. :wink: Bumped from July 2013: Found out that I passed Level 3 this past week. Putting together the application for m...
by dodonnell
Sun Aug 17, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 30
Views: 3394

Re: I-bonds have doubled !!! thanx mel/taylor

leod wrote:very nice, i've been buying a few IBonds for the last five years with low rates. I wonder how long til those double in amount.


Try using the Rule of 72 ... and maybe 2.5% or 3% for long term inflation.
by dodonnell
Wed Aug 13, 2014 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds have doubled !!! thanx mel/taylor
Replies: 26
Views: 4457

Re: I-bonds have doubled !!! thanx mel/taylor

..snip.. You might ask why the real growth rate is 3.10% and not the 3.00% fixed rate. ..snip #Cruncher, that is exactly what i was trying to figure out! You read my mind . These bonds would have done relatively fantastic during the Great Depression, due to the deflation. The expected return on an ...
by dodonnell
Wed Aug 13, 2014 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds have doubled !!! thanx mel/taylor
Replies: 26
Views: 4457

Re: I-bonds have doubled !!! thanx mel/taylor

yes, well done.
... purchasing only a few years after they were introduced.
by dodonnell
Tue Aug 12, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds have doubled !!! thanx mel/taylor
Replies: 26
Views: 4457

Re: I-bonds have doubled !!! thanx mel/taylor

Greenspam & Allan,

Congrats!

Am i correct in calculating the total annualized return on your 13 year old I bonds at about 5.5% ?
by dodonnell
Tue Aug 12, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds have doubled !!! thanx mel/taylor
Replies: 26
Views: 4457

Re: 401k rollover screw up, what to do

It's always good to read up on your legal rights: http://www.dol.gov/ebsa/publications/wyskapr.html For example, if an employer did not forward participants’ 401(k) contributions to the plan, they would have to pay back the contributions to the plan as well as any lost earnings, and return any profi...
by dodonnell
Fri Jul 25, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover screw up, what to do
Replies: 10
Views: 682

Re: Cambria Global Value - Value Tilt

The composition reported in the last semiannual report doesn't look too much like the reference portfolio to me. ..snip.. Vanguard Mid-Cap ETF 1,799 197,926 WisdomTree Emerging Markets Equity Income Fund 1,739 88,741 WisdomTree International SmallCap Dividend Fund(a) 7,854 494,252 Total Equity Fund...
by dodonnell
Mon Apr 14, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 36
Views: 3967

GTAA performance

Mebane Faber updated his paper in 2013: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=962461 to include 2012 performance. The 5 asset class portfolio used to construct the benchmark for GTAA he calls the "Buy & Hold" (B&H) portfolio and would likely be considered un convention...
by dodonnell
Sat Apr 12, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 36
Views: 3967

Re: Yahoo changes are awful - what homepage do you like?

so much for using ca.my.yahoo.com or au.my.yahoo.com ... they must have detected my USA ip address and are giving me notice on both sites that i will redirected to my.yahoo.com after March 24th. :( http://i62.tinypic.com/2cnwqqb.png http://i58.tinypic.com/4h4844.png
by dodonnell
Fri Mar 21, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo changes are awful - what homepage do you like?
Replies: 66
Views: 5907

Re: Yahoo forcing switch off ca.my.yahoo.com

I switched from my.yahoo.com to ca.my.yahoo.com 2 months ago due to "portfolios" (i track several portfolios). ca.my.yahoo.com just informed me the are forcing me to my.yahoo.com on March 24th. I am now on the hunt for a long term solution for a new home page. ... after 18 years :( I'm al...
by dodonnell
Mon Mar 17, 2014 3:42 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo changes are awful - what homepage do you like?
Replies: 66
Views: 5907

Yahoo forcing switch off ca.my.yahoo.com

I switched from my.yahoo.com to ca.my.yahoo.com 2 months ago due to "portfolios" (i track several portfolios).

ca.my.yahoo.com just informed me the are forcing me to my.yahoo.com on March 24th.

I am now on the hunt for a long term solution for a new home page.
... after 18 years :(
by dodonnell
Thu Mar 06, 2014 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo changes are awful - what homepage do you like?
Replies: 66
Views: 5907

Re: CFP BoD Chair, Ethics Commission Members Resign Amid All

CFP Board Chair, Ethics Commission Members Resign Amid Allegations - Nov 2012 It's been over a year ... and CFP has disclosed little to the public about this, except that Goldfarb's characterization of his violations are not correct. I believe they have yet to disclose the names of the other member...
by dodonnell
Thu Jan 02, 2014 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP . . .
Replies: 28
Views: 2281

CFP BoD Chair, Ethics Commission Members Resign Amid Allegat

CFP Board Chair, Ethics Commission Members Resign Amid Allegations - Nov 2012 It's been over a year ... and CFP has disclosed little to the public about this, except that Goldfarb's characterization of his violations are not correct. I believe they have yet to disclose the names of the other member...
by dodonnell
Wed Jan 01, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP . . .
Replies: 28
Views: 2281

Re: Just returned new laptop with Window 8.1

So what can you do with Windows 8, that you can't do with Windows 7, or for that matter Windows XP ? We have a "business rule" at my company that requires a significant increase in capability to justify the cost and risk of a software upgrade. ... it's amazing how few upgrades can be justi...
by dodonnell
Fri Dec 27, 2013 6:45 pm
 
Forum: Personal Consumer Issues
Topic: Just returned new laptop with Window 8.1
Replies: 104
Views: 8889

Re: For munis, bond fund or ladder

Make sure you can calculate YTW, not YTM, as the most frequent error i see is neophytes buying premium bonds with a high YTM, but a short/low, zero, or negative YTW. MSRB does not calculate YTW for you ... you need to look up the Call, or use a site like Fidelity, etc. to calculate it for you. Most ...
by dodonnell
Fri Dec 13, 2013 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10917

Re: For munis, bond fund or ladder

Met with Vanguard's Muni Bond Management team at the Bogleheads reception this past October.

They manage roughly $280,000,000,000 in municipal bonds.

They get roughly half their bonds in the secondary market.

... and it sounded like they have one hell of a pretty good radar screen

good luck.
by dodonnell
Thu Dec 12, 2013 6:19 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10917

Re: For munis, bond fund or ladder

3easypayments beat me to it ! (nice post 3easy) Markups can be estimated ex post by examining the trades of the CUSIP municipal bond under consideration. For example: http://emma.msrb.org/SecurityView/SecurityDetailsTrades.aspx?cusip=59333AGK1 <--replace 59333AGK1 with your CUSIP in URL) Match &quo...
by dodonnell
Thu Dec 12, 2013 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10917

Re: For munis, bond fund or ladder

bondsr4me: ...snip... I did some diligence in comparing FIDO, Vanguard, Schwab and Wells Fargo Advisor's bond markups and selection before selecting Schwab. I compared the selection and markup for muni bonds by sampling the same maturities, quality and states among these four brokerage houses for t...
by dodonnell
Thu Dec 12, 2013 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10917

Re: For munis, bond fund or ladder

Here is some interesting reading on a broker 's view of his markups, FINRA's view of his markups, and a firm's policy on markups. ... apparently, a 3% markup is fine, but a 19.12% markup is excessive. http://www.finra.org/web/groups/industry/documents/ohodecisions/p307477.pdf ... of course, accordin...
by dodonnell
Thu Dec 12, 2013 11:18 am
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10917

Re: Water Purification

Get your water tested first. Are you on a well, or on city water? There are various different types of filters and water treatment methods. The Brita is a compromise filter, with long-term filter replacement costs that may not be acceptable to you. We use a basic 4-stage undersink unit with a 5-mic...
by dodonnell
Sat Nov 23, 2013 7:03 pm
 
Forum: Personal Consumer Issues
Topic: Water Purification
Replies: 12
Views: 661

Re: It's not different for me. Is it for you?

Who was the Boglehead who "backed up the truck" and went to 100% equities in late 2008? I sort of recall it was Adrian Nemu but could easily be wrong and he is gone from here. The searches don't go back beyond 2011 threads now. I wonder if he is still at 100%. JW Adrian Ne n u, bogleheads...
by dodonnell
Fri Nov 08, 2013 7:33 pm
 
Forum: Investing - Theory, News & General
Topic: It's not different for me. Is it for you?
Replies: 54
Views: 5348

Re: Life Annuity instead of Bond/Cash allocation

... $600,000 giving 5.38%. Wouldn’t most of us be happy with 5.38% for life? Why isn’t everyone doing this with the bond/cash portion of their asset allocation? Why isn't every one doing it ? Because just 5 or so years ago that was probably 10.38%. Rates are so low on SPIA that Warren Buffett shut ...
by dodonnell
Fri Nov 01, 2013 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Annuity instead of Bond/Cash allocation
Replies: 6
Views: 862

Re: LinkedIn strategy?

...snip... ...but it routinely asks if I want to connect with someone I sent a single e-mail to four years ago or something, so I'm pretty confident that it ignored my instructions not to scan my contacts ...snip... More likely scenario is that that "someone" who you sent a single e-mail ...
by dodonnell
Sat Sep 21, 2013 12:42 pm
 
Forum: Personal Consumer Issues
Topic: LinkedIn strategy?
Replies: 51
Views: 5751

Re: Twenty year anniversary - Fama-French paper

Robert, being the cynic that I am... I know that a great deal of money has been made by DFA and the advisers that work with it as a result of the FF work. Did this paper happen to precede or closely follow the launch of the DFA funds??? David Booth founded DFA in 1981 ... I believe originally in an...
by dodonnell
Sun Aug 18, 2013 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Twenty year anniversary - Fama-French paper
Replies: 18
Views: 1841

Re: My Personal Experience With VG and DFA Expense Ratios

dodonnell While your point on bond spreads in munis might be correct if you were talking about a retail buyer, that is not true for a wholesale buyer like my firm, which buys billions each year. We not only get the same pricing that Vanguard and other institutional buyers get but we can often by ch...
by dodonnell
Sun Aug 04, 2013 1:27 pm
 
Forum: Investing - Theory, News & General
Topic: My Personal Experience With VG and DFA Expense Ratios
Replies: 27
Views: 2898

Re: My Personal Experience With VG and DFA Expense Ratios

Mhc, Yes there are costs to the bonds, but I don't know them. What I will say is that my understanding is that the bond market can be very opaque with lots of hidden costs. Need to have an advisor that you trust who has access to big time institutional pricing. I believe in that setting, the costs ...
by dodonnell
Sat Aug 03, 2013 11:59 am
 
Forum: Investing - Theory, News & General
Topic: My Personal Experience With VG and DFA Expense Ratios
Replies: 27
Views: 2898

Re: Anyone own "Triple Net" properties?

I'm a banker, and I can chime in and say that loan terms will vary from bank to bank ... Currently, for example, if you had no other business with me I could do a commercial RE loan at 70% of the value, on a 5 year term with a 25 year amortization at a 5.5% interest rate with a half a point origina...
by dodonnell
Sat Aug 03, 2013 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2702

Re: Anyone own "Triple Net" properties?

You can be well assured those terms are not non-recourse. The terms given above are about right.. you won't find anything over a 5 year term on commercial. It isn't like residential real estate. Banks nowadays will rarely allow a non-recourse arrangement on anything commercial. I was under the impr...
by dodonnell
Mon Jul 29, 2013 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2702

Re: Anyone own "Triple Net" properties?

I'm a banker, and I can chime in and say that loan terms will vary from bank to bank ... Currently, for example, if you had no other business with me I could do a commercial RE loan at 70% of the value, on a 5 year term with a 25 year amortization at a 5.5% interest rate with a half a point origina...
by dodonnell
Fri Jul 26, 2013 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2702

Re: Anyone own "Triple Net" properties?

That is pretty interesting on Rite Aid. I looked up a few others, like CVS and Walgreens, and they seem to pay a little less. (I assume because their credit rating is higher.) I agree. If I had an 8-9 figure portfolio, this might make sense. I'm surprised their aren't low cost funds that focus on t...
by dodonnell
Fri Jul 26, 2013 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2702

Re: Anyone own "Triple Net" properties?

Rite Aid Corporate debt appears to be priced like "Junk".

It reads like it has a higher YTM than your IRR.

http://quicktake.morningstar.com/stocknet/bonds.aspx?symbol=rad
by dodonnell
Fri Jul 26, 2013 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2702

Re: CFA Results

Just passed Level II. Registered for Level III for June 2014. ... passed Level I this past December 2012. Just reading the CFA CBOK so far. Don't tell anybody, but I love this stuff. :wink: I concur. Did this about a decade ago, the first time Level I was offered in December (huge snow storm). Leve...
by dodonnell
Fri Jul 26, 2013 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 30
Views: 3394

Re: CFA Results

magician wrote:..snip.. Are you on AnalystForum? Lots of people there are posting their results today: Levels I and II.


magician, site looks great! Just signed up.
thank you, dan
by dodonnell
Wed Jul 24, 2013 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 30
Views: 3394

Re: CFA Results

Just passed Level II. Registered for Level III for June 2014.
... passed Level I this past December 2012.

Just reading the CFA CBOK so far.
Don't tell anybody, but I love this stuff. :wink:
by dodonnell
Wed Jul 24, 2013 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 30
Views: 3394
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