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Re: Can my computer hear me?

Test it. Say "Find Gary Busey" to your computer very loudly, several times. See what happens after that.
by leonard
Wed Apr 23, 2014 6:47 pm
 
Forum: Personal Consumer Issues
Topic: Can my computer hear me?
Replies: 27
Views: 1778

Re: Do you use a dry powder/tactical asset allocation strate

Waba wrote:
LH wrote:As there is the famous, dry powder mutual fund that takes this moronically easy trick, applies it, and beats passive index finds consistently.....

It's ticker is...... Hmmmmm.....


FPACX? 41% in cash as of 12/31/2013, 9.88% annual return over last 15 year


Data mining.
by leonard
Wed Apr 23, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you use a dry powder/tactical asset allocation strategy?
Replies: 24
Views: 1909

Re: Reverse Mortgage "Shocker" for Inheritors

A much better source is Kipplinger which informs us: The balance becomes due upon the death of the last borrower or the failure of any borrower to live in the house for the previous 12 months ("I was in the nursing home" doesn't let anyone off the hook), as one might expect. If no heirs a...
by leonard
Wed Apr 23, 2014 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage "Shocker" for Inheritors
Replies: 7
Views: 1460

Re: Guitar purchase problem: Fender strat mfg warranty?

Thanks to all. @Leonard, thanks for the info on the Hotrails. A friend mentioned an option of buying a replacement pick guard that comes pre-wired with dual Seymour Duncan humbuckers--for around $200. Sounds like a better, if not more expensive, option for me (I'm not very DIY when it comes to mech...
by leonard
Wed Apr 23, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Guitar purchase problem: Fender strat mfg warranty?
Replies: 24
Views: 1045

Reverse Mortgage "Shocker" for Inheritors

Why are people surprised that they aren't going to inherit homes that have reverse mortgages http://seattletimes.com/html/businesstechnology/2023376121_reversemortgagesxml.html?prmid=4917 Surprisingly - mortgage companies are playing games. But, the fundamental premise of the reverse mortgage is the...
by leonard
Tue Apr 22, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage "Shocker" for Inheritors
Replies: 7
Views: 1460

Re: Do you think the biotech sector will be hurt long term?

You want to time an entire sector because of "news" that applies to one company's, one drug, on one point (pricing). A piece of news that is publicly available. Plus, that price, after discounts and negotiations with insurance companies, etc. etc. will probably not hold up. So, one could a...
by leonard
Tue Apr 22, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 53
Views: 2417

Re: Stopping unwanted "junk" newspaper

Where I live, the local newspaper publishes a free weekly version, that they put in plastic bags along with advertisements/coupons. They then automatically throw these things in every single yard whether you want it or not. It is worthless to me, and It goes straight to the trash can. It is also a ...
by leonard
Mon Apr 21, 2014 1:20 pm
 
Forum: Personal Consumer Issues
Topic: Stopping unwanted "junk" newspaper
Replies: 23
Views: 1482

Re: Guitar purchase problem: Fender strat mfg warranty?

Love the guitar but feel a little conflicted. I mostly like playing rhythm (more toward the metal end of the spectrum)--gave up on playing leads in my teens. So I was fairly certain I needed at least one humbucker, so I went with the HSS "Standard strat" vs. the SSS all single-coil config...
by leonard
Mon Apr 21, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Guitar purchase problem: Fender strat mfg warranty?
Replies: 24
Views: 1045

Re: Can you please convince me to get a credit card?

Everyone has outlined the benefits. But, if those benefits are not really benefits to you, don't get a credit card. Too many times people on this board recommend getting credit cards in order to manipulate credit scores. But, I don't think you should take on a CC just for that reason. Make the right...
by leonard
Fri Apr 18, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 94
Views: 5160

Re: Portfolio minimum?

The only time a portfolio might be too small is if excessive trading fees are part of the deal. If you are paying per trade then multiple individual slices may not make sense out the gate. So, as long as you can take the portfolio positions you would like with your $15k without excessive trading fee...
by leonard
Fri Apr 18, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio minimum?
Replies: 9
Views: 1137

Re: New money and Investment Policy Statement

1% isn't going to material effect diversification. So, I would let simplicity be the guiding principle here and buy whatever brings up a low-ish asset class (I'd only bother with buying one with 1%) and doesn't create more complexity. Well it's already happened and I was reporting back with the dec...
by leonard
Fri Apr 18, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New money and Investment Policy Statement
Replies: 14
Views: 1061

Re: New money and Investment Policy Statement

This is a question regarding new money added to an existing portfolio. The general characteristics of the portfolio and rebalancing criteria are covered in the Investment Policy Statement but that of course doesn't have every detail so I have run into a situation which isn't terribly important but ...
by leonard
Fri Apr 18, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: New money and Investment Policy Statement
Replies: 14
Views: 1061

Re: Trying to identify pre-1980 6th grade economics book

Any chance the teacher is still alive? Might be worth a chance tracking to down the teacher, nothing to lose.
by leonard
Fri Apr 18, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to identify pre-1980 6th grade economics book
Replies: 9
Views: 951

Re: Question on borrowing from IRA

Perhaps a better question is "I have a need for $X dollars for 30 days. What is the lowest cost and lowest risk way to fund this need?"

Barring this - almost no one here is going to recommend taking this out of an IRA, without knowing why this is the best source for the funds.
by leonard
Fri Apr 18, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question on borrowing from IRA
Replies: 12
Views: 633

Re: Where are the Opportunities now ?

I don't advocate market timing but I believe that investors should pay attention to valuations. I also look at money flows to give me an idea of investor sentiment. So if I see investors piling into a particular asset class, my enthusiasm for that asset class is less because I know that investors o...
by leonard
Fri Apr 18, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1989

Re: 401k in-service withdrawals

I recently became eligible to participate in my company's 401K. There's not much in there yet ~$3100. When I was checking the plan, I found out I can do an in-service withdrawal. The fees on the funds range from 1.41-1.61. I want to do a rollover IRA to Vanguard. I'm gradually increasing my contrib...
by leonard
Fri Apr 18, 2014 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k in-service withdrawals
Replies: 18
Views: 1115

Re: How high of an allocation to REITs?

10%. Enough for diversification benefit. Not enough to take on too much risk.
by leonard
Fri Apr 18, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: How high of an allocation to REITs?
Replies: 24
Views: 2827

Re: Non-tabletop fountain in home office = need dehumidifer?

Forgot to mention that I'll probably be keeping the door to my office closed. I've got a cat, who I love, who's running low on his 9 lives. The little guy likes to chew through thin power supply cables like a goat. And has even graduated to thicker electrical cables. Lots of cabling in there--tried...
by leonard
Fri Apr 18, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Non-tabletop fountain in home office = need dehumidifer?
Replies: 7
Views: 619

Re: Guitar purchase problem: Fender strat mfg warranty?

Hate to break it to you - but Musician's Friend (and I think Music123 and WWBW) is owned by Guitar Center. if the box and registration is a big enough concern, just return the guitar. You can find MIM Stratocasters everywhere - they are really not anything rare - so just find another one. btw - I ha...
by leonard
Fri Apr 18, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Guitar purchase problem: Fender strat mfg warranty?
Replies: 24
Views: 1045

Re: Draft email to investment advisor re outperforming Total

Thanks for the insight this morning. Here is some additional insight from me. Yes, my mind is made up to invest in VTI but I hesitate because of a longstanding relationship for which I’ve been willing to lag the market over the 20+ years my advisor has managed this sub-account (since inception numb...
by leonard
Thu Apr 17, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2400

Re: 401k in-service withdrawals

I recently became eligible to participate in my company's 401K. There's not much in there yet ~$3100. When I was checking the plan, I found out I can do an in-service withdrawal. The fees on the funds range from 1.41-1.61. I want to do a rollover IRA to Vanguard. I'm gradually increasing my contrib...
by leonard
Thu Apr 17, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k in-service withdrawals
Replies: 18
Views: 1115

Re: Dilemma about legal action for injured child

See a lawyer.

BTW - floors get wet. There are hard surfaces literally everywhere. People slip and fall. Sometimes - accidents are just accidents. Do you really believe the playhouse was negligent and caused this accident. Or, was it just - you know - an accident.
by leonard
Thu Apr 17, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dilemma about legal action for injured child
Replies: 17
Views: 1826

Re: Corporate Compliance has a problem with our Vanguard acc

btw - I personally would never take a job that gave over this amount of transparency to a company I work for. Never. I guess that's what makes horse races. My ex-wife wouldn't get an EZpass because she didn't want the government knowing where she was going. My reaction to that was that 1-they proba...
by leonard
Thu Apr 17, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 29
Views: 2477

Re: First of two parter on what is risk

bobcat2 wrote:[OT comment removed by admin LadyGeek]


[Response to OT comment removed by admin LadyGeek]
by leonard
Thu Apr 17, 2014 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: First of two parter on what is risk
Replies: 26
Views: 1673

Re: Where are the Opportunities now ?

yes I very well agree that no one can get right market timing all the time. But I was trying to just take a little bit of risk with my money in 401 k based on some advice from Brett Arends. http://www.marketwatch.com/story/what-the-big-money-is-betting-on-in-2014-2013-12-18 What is your thought on ...
by leonard
Thu Apr 17, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1989

Re: I don't understand whether there are costs to rebalancin

Assume it's a large one time windfall and future income is so small relative to the windfall that it can't be used to rebalance Assumptions get you a solution that applies to the assumptions - not necessarily the actual situation. We don't know who you are - so why not post an actual portfolio revi...
by leonard
Thu Apr 17, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand whether there are costs to rebalancing
Replies: 16
Views: 1153

Re: Student Loan Repayment by Employer Counting as Taxed Inc

I think it will put you in a bad negotiating position with future employers if you disclose - let alone arrange for them to pay - student debt. The person without debt is always in a stronger job and salary negotiating position than someone with immediate obligations. No need to give them some powe...
by leonard
Thu Apr 17, 2014 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment by Employer Counting as Taxed Income
Replies: 16
Views: 913

Re: Salary Negotiation Help

How much would it cost them in hard dollar recruiting costs to recruit and replace you? How much would it cost the organization in lost efficiency during transition to a new leader? Put some dollar guesses to those 2 items and that should give you an idea of the premium you can look for - in additio...
by leonard
Thu Apr 17, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation Help
Replies: 6
Views: 873

Re: Draft email to investment advisor re outperforming Total

This is a sales person. They are going to tell you what they think they need to retain your business. Why write a note with a bunch of passive questioning (and at least implied underperformance.) I think you know they can't overcome the fees plus 1% tax cost. And, any answers they provide are not go...
by leonard
Thu Apr 17, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2400

Re: Does this strategy invite unnecessary risk?

I listened to a portion of a Paul Merriman podcast this morning and, if I understood him correctly, he was suggesting that a younger investor who still has multiple decades of work ahead of him/her, should be slightly more invested in small cap/value stocks of US markets than the US Total Stock Mar...
by leonard
Wed Apr 16, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 42
Views: 2567

Re: Student Loan Repayment by Employer Counting as Taxed Inc

I think it will put you in a bad negotiating position with future employers if you disclose - let alone arrange for them to pay - student debt. The person without debt is always in a stronger job and salary negotiating position than someone with immediate obligations. No need to give them some power...
by leonard
Wed Apr 16, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment by Employer Counting as Taxed Income
Replies: 16
Views: 913

Re: Looking at top 1% for actionable insight

Most of the relationships to being a top 1% would likely be spurious and not really actionable. Probably a lot of 1% drive BMW's - but it doesn't follow that I will become a 1% by buying a BMW. Actually the data from the IRS syncs pretty tightly with the Millionaire Next Door book... note that the ...
by leonard
Tue Apr 15, 2014 10:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 7476

Re: Looking at top 1% for actionable insight

Most of the relationships to being a top 1% would likely be spurious and not really actionable. Probably a lot of 1% drive BMW's - but it doesn't follow that I will become a 1% by buying a BMW. As I recall from "The Millionaire Next Door" a common ride of the wealthy they studied was a Fo...
by leonard
Tue Apr 15, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 7476

Re: Looking at top 1% for actionable insight

Most of the relationships to being a top 1% would likely be spurious and not really actionable.

Probably a lot of 1% drive BMW's - but it doesn't follow that I will become a 1% by buying a BMW.
by leonard
Tue Apr 15, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 7476

Re: Lost $10K in my investments past few months

A concentrated sector bet? A little downturn probably doesn't faze you.
by leonard
Tue Apr 15, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lost $10K in my investments past few months
Replies: 36
Views: 4358

Re: Can I get some alpha? (DFA / Wealthfront)

why is alpha in and of itself important to you.

If you need greater return - take on greater risk.
by leonard
Sat Apr 12, 2014 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2960

Re: Corporate Compliance has a problem with our Vanguard acc

btw - I personally would never take a job that gave over this amount of transparency to a company I work for. Never. I guess that's what makes horse races. My ex-wife wouldn't get an EZpass because she didn't want the government knowing where she was going. My reaction to that was that 1-they proba...
by leonard
Fri Apr 11, 2014 7:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 29
Views: 2477

Re: Corporate Compliance has a problem with our Vanguard acc

Leonard, this is an investment bank with a zillion regulations. To make it worse, it is global in scope, so many different regulators are involved. It is not our intention to be adversarial; compliance has a job to do, and they have been pleasant about doing it, although they could more clearly spe...
by leonard
Fri Apr 11, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 29
Views: 2477

Re: Do I take the separation package offer?

btw - regarding unemployment - you can get it written in to the agreement that the employer "will not contest the application for unemployment benefits". Essentially, insuring in writing that you should be able to successfully apply for unemployment.
by leonard
Fri Apr 11, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4682

Re: Corporate Compliance has a problem with our Vanguard acc

And, finally, I don't see in the letter what the repercussions are of not doing anything. Sometimes, people will just give up on follow up. I'd wait for a couple notices before even addressing it - since it's none of their business to begin with. In a lot of cases this is ground for dismissal..... ...
by leonard
Fri Apr 11, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 29
Views: 2477

Re: Getting Passport without specific travel plans?

Get the passport.

If for no other reason, you don't have to deal with easily surprised people saying "You don't have a passport? I can't believe it!".
by leonard
Fri Apr 11, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Getting Passport without specific travel plans?
Replies: 29
Views: 1802

Re: Preventing Office Theft of Food and Other Stuff

Get a game, motion sensor camera. Hide it in the lunch facing the opening. Then, put another hidden camera in the lunch room, just in case they have the guts to steal both the lunch and the game camera in the lunch.

These cameras are very cheap now, worth it to humiliate people like this.
by leonard
Fri Apr 11, 2014 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Preventing Office Theft of Food and Other Stuff
Replies: 77
Views: 5199

Re: Corporate Compliance has a problem with our Vanguard acc

Ask them. If they can't clearly articulate what you need to do to be in compliance - I don't think it falls upon you to do the work to find out what they want. But, your holdings are none of their business. And, finally, I don't see in the letter what the repercussions are of not doing anything. Som...
by leonard
Fri Apr 11, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate Compliance has a problem with our Vanguard account
Replies: 29
Views: 2477

Re: Advice for [Religious Investor]

This is what I meant by asking if there is a "look-through" principle. Presumably since the OP's friend holds equities, the fact that most companies are debt financed does not present a problem so long as the investor himself is not "making money on money." There is a grey area,...
by leonard
Tue Apr 08, 2014 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for [Religious Investor]
Replies: 39
Views: 3151

Re: Why pay off your house?

placeholder wrote:That is quite the stretch.


"That"?
by leonard
Tue Apr 08, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8609

Re: Why pay off your house?

Isn't housing a life-long cost? IF you factor it as a constant cost into retirement, do you need to rush to pay it off now? If yes, what about the loss of a tax deduction? Don't you want your money more liquid than dependent on the real estate market? Confused..... No more concern about payments, p...
by leonard
Tue Apr 08, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8609

Re: Advice for [Religious Investor]

Virtually all companies receive interest in one form or another. As a stock shareholder, one is an owner of the company and therefore they are receiving interest.

I don't see any way around this conundrum.
by leonard
Tue Apr 08, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for [Religious Investor]
Replies: 39
Views: 3151

Re: Do I take the separation package offer?

Regarding negotiating for more, as some have suggested, this is unlikely to work given that it's a blanket offer being made to many individuals. People negotiate separation agreements all the time. Plus, the OP has additional negotiating leverage if becoming a contractor on the project is an option...
by leonard
Tue Apr 08, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4682

Re: Why pay off your house?

Isn't housing a life-long cost? IF you factor it as a constant cost into retirement, do you need to rush to pay it off now? If yes, what about the loss of a tax deduction? Don't you want your money more liquid than dependent on the real estate market? Confused..... No more concern about payments, p...
by leonard
Tue Apr 08, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8609
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