Search found 894 matches

by hoops777
Sun Aug 02, 2015 12:13 pm
Forum: Investing - Theory, News & General
Topic: The Long-Term Decline of Interest Rates
Replies: 36
Views: 3095

Re: The Long-Term Decline of Interest Rates

This thread just stregthens my view that nobody knows where interest rates are going to be in 2 years or 10 years and you make a decision and live with it.I put a big chunk in a 10 yr Cd at 3.4 about 17 months ago and feel great right now.Maybe 3 years from now it might not be so great.My choice eit...
by hoops777
Thu Jul 30, 2015 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3614

Re: Geico Auto Insurance

I have gotten estimates from Geico several times in the last 10 or12 years and their premiums have always been much higher than most of my other quotes.Costco has a good program as does AARP.
by hoops777
Thu Jul 30, 2015 5:09 pm
Forum: Investing - Theory, News & General
Topic: The Long-Term Decline of Interest Rates
Replies: 36
Views: 3095

Re: The Long-Term Decline of Interest Rates

I am venturing into some 10 year indiv corp bonds in great companies paying high 3 's to 4 pct. in my IRA in addition to inter term funds and 10 yr cd's.
by hoops777
Mon Jul 27, 2015 2:12 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 73
Views: 7819

Re: Why do people buy annuities?

Long primer....the problem with those free dinners is that the speaker is usually pretty good at using graphs and charts to show how great his product is and they always cherry pick a ten year period that is in his or her best interest.I have been to about 6 or 7 because my wife likes free dinners a...
by hoops777
Sun Jul 19, 2015 10:37 am
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 80
Views: 11067

Re: The "No Bonds" portfolio

There is one school of thought that says it is better to hold individual long term bonds to get the higher yield and use the income produced to buy new higher yielding bonds as rates rise.This is what the Scarsdale's preach whose firm is 100 pct highest quality bonds and no stocks.I am not saying I ...
by hoops777
Sat Jul 18, 2015 12:23 pm
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 80
Views: 11067

Re: The "No Bonds" portfolio

If one has no intention of ever selling their bond funds but reinvesting dividends for at least ten years....and then maybe using the dividends only for income.....does any of this matter?The whole issue is that people want certainty in their fixed income because they certainly do not have it in sto...
by hoops777
Fri Jul 17, 2015 9:32 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle in this Month's Money Magazine
Replies: 79
Views: 8112

Re: Jack Bogle in this Month's Money Magazine

I agree with Bogle that international is not necessary.I know it is not the same but we have so many huge US companies that are international in scope and pardon me for waving the flag but the US is by far the greatest country on earth with huge economic advantages due to geography and and our econo...
by hoops777
Tue Jul 14, 2015 6:52 pm
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 18801

Re: What 2008/09 has done to me

It has made me more conservative and more cautious ,determined to keep what we have and live with lower returns.We are always one unexpected event from a major market crash and as great as the recovery has been from the last one,there is no guarantee of the same result after the next one.Negative,pe...
by hoops777
Tue Jul 14, 2015 1:01 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

I guess I touched a nerve.Actually the book is about brainwashing because his premise is that most investors buy what Wall St sells and follow the herd.Of course you would not know that because you know nothing about the book but yet pass judgement anyway. My thought was the following...interesting ...
by hoops777
Mon Jul 13, 2015 9:02 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Leonard I have one response to that.... :D
by hoops777
Mon Jul 13, 2015 8:09 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

PJW...come on now.You are a very intelligent person and you know very well that there are many people on this forum who are very quick to treat anything different from pure bogleheadism with a just a little bit of smugness.It is great to believe in Bogle and like I said 1000 times it is the best way...
by hoops777
Mon Jul 13, 2015 5:40 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

I challenge anyone on the thread to go over my posts and show where I said his methods are better than the Boglehead approach.Never said it.Show one post where I said I follow the guy,am an expert on his methods or believe bogleheads should use his system.I did say the guy is knowledgable about inve...
by hoops777
Mon Jul 13, 2015 11:30 am
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

As I said I do not follow the guy or use his system.What is true is the automatic dismissal of anything non boglehead as if all the millions of people who invest that are not bogleheads are doomed to failure.I do have to tell you that there are many very successful investors that do not buy index fu...
by hoops777
Sun Jul 12, 2015 7:28 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Last post.....the guy is very knowledgable but the opposite of a bogehead.Because he takes the opposite approach,it does not mean that his results are not better than a traditional boglehead approach.....for him.For the masses,hands down no contest the boglehead approach is the only one that makes a...
by hoops777
Sun Jul 12, 2015 7:02 pm
Forum: Investing - Theory, News & General
Topic: Cd vs corp bond
Replies: 13
Views: 1084

Re: Cd vs corp bond

Ogd....I of course have great respect of your opinion and knowledge.I understand the diff between AAA and A.I also can step away from it all and feel very very comfortable that WF is not going anywhere.Honestly forget about the ratings and tell me how much concern you have about WF going under.Could...
by hoops777
Sun Jul 12, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: Cd vs corp bond
Replies: 13
Views: 1084

Re: Cd vs corp bond

I was looking at the 10 year...4 vs 3.1 for the cd.The cd was 3.3 a week ago.Call me crazy,naive or anything you like but I see the risk in WF defaulting to be very close to zero regardless of any ratings.Either way it is not a major purchase so in the long run about 900 to1800 dollars over ten year...
by hoops777
Sun Jul 12, 2015 12:51 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Lock the bum up!But that does not have any bearing on whether or not his methods are successful regarding his returns.I personally believe that his methods work for him but way too complex for me and most people.Over and out :D
by hoops777
Sun Jul 12, 2015 12:38 pm
Forum: Investing - Theory, News & General
Topic: Cd vs corp bond
Replies: 13
Views: 1084

Re: Cd vs corp bond

This may be simplistic but if Wells Fargo goes down we will be in a situation worse than 2008.I have no concern about them defaulting.Is it possible?I guess it is possible for any company to go under,but I will take those odds on Wells Fargo.
by hoops777
Sat Jul 11, 2015 7:29 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Time to end this happy little thread.It is great to be a boglehead but I must say that there are a LOT of very successful investors who use other methods and who believe in their methods as much as Bogle believes in his.....Bogles methods are without a doubt the best investment approach for MOST peo...
by hoops777
Sat Jul 11, 2015 5:53 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Maybe he is just an altruistic guy.I believe Bogle has written a few books :D
by hoops777
Sat Jul 11, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: Cd vs corp bond
Replies: 13
Views: 1084

Re: Cd vs corp bond

Thank you for your thoughtful replies.I am not concerned about the RMD issue.Wells Fargo has a 10 year at 4 pct.I have a 10 yr cd at 3.4 that I bought about 18 months ago.Maybe not the greatest investment but it serves my purpose.
by hoops777
Sat Jul 11, 2015 5:34 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

PJW...Google market cycle investment management and there is a ton of stuff.To be honest I only remember reading how well his method worked in 2008 vs traditional methods when scouring through a lot of different articles.They actually have seminars for other advisors to learn the method and the guy ...
by hoops777
Sat Jul 11, 2015 4:55 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

It is one thing to think of it and another to have the patience and discipline to execute it. If you actually spend some time and read this guys philosophy and how his system works,he is either very good and very successful or a bold faced liar.His book is on Amazon and the reviews are 4.5 out of 5....
by hoops777
Sat Jul 11, 2015 2:33 pm
Forum: Investing - Theory, News & General
Topic: Cd vs corp bond
Replies: 13
Views: 1084

Cd vs corp bond

Why should I not buy a high quality corp bond in an IRA instead of a brokered cd if the bond is yielding a half point or more higher for same duration?I am talking Microsoft,IBM Wells Fargo.I see zero default risk unless the world is coming to an end.
by hoops777
Sat Jul 11, 2015 2:14 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Oh well....sometimes it is good to post something that everyone looks at with complete comtempt and disdain so it can reinforce how astute all the bogleheads are :D I get frustrated with fixed income returns and am drawn to alternatives that I should ignore :annoyed
by hoops777
Sat Jul 11, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

I know it is complex and I did not explain it well.If you google Steve Selengut reviews the first one is on moolanomy....it explains it in one page pretty well.I have read stuff here about CEF's and his opinion is a lot more positive than the bogleheads.
by hoops777
Sat Jul 11, 2015 12:34 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

Re: The Brainwashing of the American Investor

Your opinion is noted but before you trash his method you might want to check his results.The boglehead way is great but sometimes its followers can be just a little resistant to anything different :D
by hoops777
Sat Jul 11, 2015 11:48 am
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8583

The Brainwashing of the American Investor

A book written buy an investment guy who has a system that is so different than anything else but seems to be quite rational and effective.He uses only high quality value stocks bought at a discount for equities and high quality CEF's for income.His focus is on the real world need to produce income ...
by hoops777
Sat Jul 04, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3932

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Sometimes I think the academics and so called expert finance people just love to make everything more complex than it really is or has to be.All that matters is that you have your SS income on one hand and your investments on the other.Figure out what you need from your investments in combination wi...
by hoops777
Fri Jul 03, 2015 5:18 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3932

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

You earned SS by working and earning a salary.It now replaces your salary,so it is essentially a salary.To me it is simply common sense to do the following....figure out your living expenses going forward....say 6000 per month.Figure out your SS....say 4000 per month for husband and wife.You need $2...
by hoops777
Wed Jul 01, 2015 9:22 pm
Forum: Investing - Theory, News & General
Topic: Are REITs necessary in a portfolio? Why?
Replies: 119
Views: 12952

Re: Are REITs necessary in a portfolio? Why?

I will give you the honest truth....they may help your returns.....or they may not.
by hoops777
Tue Jun 30, 2015 4:13 pm
Forum: Investing - Theory, News & General
Topic: Article on balanced portfolio
Replies: 4
Views: 1059

Article on balanced portfolio

Read an interesting piece on a balanced portfolio in AAII journal....20 pct equities 20 pct commodities 30 pct long term treas and 30 pct tips...any thoughts?
by hoops777
Sun Jun 28, 2015 12:43 pm
Forum: Personal Consumer Issues
Topic: Babies and remote controls
Replies: 20
Views: 1787

Re: Babies and remote controls

Klangfool thanks for the reply....my wife does not understand half of what I say either :happy Thanks as well to everyone else.I will try to put the remotes where he cannot see them but it may be too late.We will see this week.As far as having no screen time under 2,that seems a little much.My grand...
by hoops777
Sat Jun 27, 2015 10:13 pm
Forum: Personal Consumer Issues
Topic: Babies and remote controls
Replies: 20
Views: 1787

Re: Babies and remote controls

Thanks for the replies that understood :happy IT is fascinating that someone always has to find a way to be a sarcastic and negative even when talking grandparents and babies :annoyed I guess the real issue is how much should babies be exposed to tv's and computers.I have not read anything where it ...
by hoops777
Sat Jun 27, 2015 11:10 am
Forum: Personal Consumer Issues
Topic: Babies and remote controls
Replies: 20
Views: 1787

Babies and remote controls

Ok.....we are babysitting our just turned one year old grandson and he loves anything to do with smartphones,ipads,tv etc.So now he has discovered the tv remote and always goes after it.I finally got an old one that does not work and he now knows it is not the right one and I cannot trick him.He wav...
by hoops777
Thu Jun 25, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 50280

Re: Share your networth progression

There is so much good advice on this forum and not just investing advice.People become successful for a reason and it is great to have so many here to offer opinions and advice.I wish I had access to this forum when I was in my twenties and thirties......and forties and fifties :D
by hoops777
Sun Jun 21, 2015 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 8024

Re: One-Two Punch for my credit card game

Seems a little stressful and a waste of valuable time but to each their own.It seems like it would be difficult to play the game without getting obsessed with it.I love the points I get with my 3 cards but there is a line in the sand for me.When it becomes almost a job it seems like that line has be...
by hoops777
Sat Jun 13, 2015 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social security file and suspend question
Replies: 2
Views: 549

Re: Social security file and suspend question

Thanks Mike.I have it covered now.sscritic really helped and gave the same advice.
by hoops777
Sat Jun 13, 2015 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Social security file and suspend question
Replies: 2
Views: 549

Social security file and suspend question

I understand the concept but am not clear on our situation because I am the higher earner and younger than my wife.So I am 63 and my wife is 65 and if we both wait until 70 my benefit will be about 3200 based on my last statement and hers will be about 1500.So is there anything we should do or just ...
by hoops777
Sun Jun 07, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Keys to making self employment worth it.
Replies: 11
Views: 1981

Re: Keys to making self employment worth it.

Vilgan ...excellent post....you said it better than I did. :D
by hoops777
Sat Jun 06, 2015 5:16 pm
Forum: Personal Consumer Issues
Topic: Driving from Detroit to South Bend
Replies: 25
Views: 2222

Re: Driving from Detroit to South Bend

At the airport in Milwaukee.Really enjoyed the food at the Public Market.St.Pauls Fish Market....great lobster rolls,fish tacos and fried oysters at a very reasonable price.Visited Cedarburg...really nice little town with a great french bakery...Cafe Mundo Bolouangerie?....The baker was trained in P...
by hoops777
Sat Jun 06, 2015 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to making self employment worth it.
Replies: 11
Views: 1981

Re: Keys to making self employment worth it.

I would say with all sincerity if you are worried about the taxes you should not be self employed.Being self employed has many facets and to me a major one is being SELF employed.I make my own rules and my own way in accordance with the needs of my customers.I never once even considered the taxes vs...
by hoops777
Wed Jun 03, 2015 8:41 pm
Forum: Personal Consumer Issues
Topic: Driving from Detroit to South Bend
Replies: 25
Views: 2222

Re: Driving from Detroit to South Bend

Visited ND today....beautiful campus.Kind of like what you imagine a college campus should be.Drove by Wrigley Field.....wish I could have gone inside.Nice to see the statue of Ernie Banks....brought back the memories...Mays,Aaron,Clemente. I am really coming to grips with the fact that it is pretty...
by hoops777
Wed Jun 03, 2015 7:46 am
Forum: Personal Consumer Issues
Topic: Driving from Detroit to South Bend
Replies: 25
Views: 2222

Re: Driving from Detroit to South Bend

Yes the prices are ridiculous at Zingermans
by hoops777
Tue Jun 02, 2015 9:47 pm
Forum: Personal Consumer Issues
Topic: Driving from Detroit to South Bend
Replies: 25
Views: 2222

Re: Driving from Detroit to South Bend

Bought a sandwich at Zingermans....average prices about 13 bucks for the small which is a good size....I guess it took an hour from walking in and actually having it handed to me.Good but very overpriced.Stopped at St.Joseph....nice little town and great beach.Onward to Notre Dame.....Ann Arbor was ...
by hoops777
Mon Jun 01, 2015 9:00 pm
Forum: Personal Consumer Issues
Topic: Driving from Detroit to South Bend
Replies: 25
Views: 2222

Re: Driving from Detroit to South Bend

Well made to Detroit so far.....Pittsburgh was nice but thunderstorms and horrible driving downtown....Cleveland was not so great...worst roads I have ever seen in a major city in terms of disrepair......Detroit nicer than Cleveland and seems like they are really trying to improve their city.Did not...
by hoops777
Mon May 25, 2015 8:28 pm
Forum: Investing - Theory, News & General
Topic: another look at dividend paying stocks and valuations
Replies: 64
Views: 5176

Re: another look at dividend paying stocks and valuations

Just an expression did not mean it as a put down.As someone who has taken a few sips of the kool aid,I have to look at the cold hard mathmatical evidence and understand the facts.With that being said,I honestly believe there is an emotional response with many dividend focused investors.I think it is...
by hoops777
Mon May 25, 2015 5:31 pm
Forum: Investing - Theory, News & General
Topic: another look at dividend paying stocks and valuations
Replies: 64
Views: 5176

Re: another look at dividend paying stocks and valuations

Once one drinks the dividend kool aid,it is almost impossible to shake the belief.Regardless of all the points being made,if one wants to invest most or all of their stock allocation to dividend payers,as long as they stick to the quality companies,the difference between that and just buying the mar...
by hoops777
Mon May 25, 2015 4:47 pm
Forum: Personal Consumer Issues
Topic: Road trip Pittsburgh to Milwaukee
Replies: 13
Views: 1449

Re: Road trip Pittsburgh to Milwaukee

Thanks....I have an extra night and I do not think I want to stay 2 days in Milwaukee and spent 5 days in Chicago a few years ago.That is the quandry.
by hoops777
Sat May 23, 2015 5:35 pm
Forum: Personal Consumer Issues
Topic: Road trip Pittsburgh to Milwaukee
Replies: 13
Views: 1449

Re: Road trip Pittsburgh to Milwaukee

Well I guess that answers that question!Thanks.....Is there nothing worth seeing between Chicago and Milwaukee?

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