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Re: MFA and MLPs

The merger is in effect a sale for KMP owners of whom a lot are probably at $0 basis; resulting in much ordinary income from depreciation recapture resulting with a small portion of that offset by prior year un-allowed losses. Granted that is the nature of the beast, but lots of MLP owners claim th...
by manwithnoname
Wed Aug 13, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: MFA and MLPs [Master Limited Partnerships]
Replies: 11
Views: 618

Re: BI: High Yield six-sigma event

When was the last time the SEC allowed MFs to suspend redemptions of bond funds, if ever? They don't need SEC permission to provide you with your redemption "in-kind" though, as one would know if one actually read their mutual fund prospectii. Here's one from the Vanguard Emerging Markets...
by manwithnoname
Wed Aug 13, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: BI: High Yield six-sigma event
Replies: 24
Views: 2121

Re: How to ensure military members don't get ripped off

While the G fund has zero risk, as every investor knows when you eliminate all risk, all you get is the risk free rate of return. If you can live on it, go for it. If you want a better return you can get it. No, this conclusion only applies to publicly available investments which can be purchased i...
by manwithnoname
Wed Aug 13, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4591

Re: BI: High Yield six-sigma event

Useless analysis like this is why the 10% of my portfolio invested in fixed income is limited to state GO muni bonds and bonds of TBTF banks. . On Too Big To Fail Financial Institutions I think the Espiritu Santo situation and the Cypriot banks are warnings re shape of future bailouts. Ireland cruc...
by manwithnoname
Wed Aug 13, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: BI: High Yield six-sigma event
Replies: 24
Views: 2121

Re: MFA and MLPs

MLPs can be a good investment but they're certainly not for the average Boglehead. Most experts advise only to hold them in a taxable account and they WILL complicate your tax return. The recent "merger" of all the Kinder Morgan partnerships and corporate structures announced this week wi...
by manwithnoname
Wed Aug 13, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: MFA and MLPs [Master Limited Partnerships]
Replies: 11
Views: 618

Re: How to ensure military members don't get ripped off

2. Invest in more suitable options such as a balanced fund, REIT, muni bond fund or dividend fund, consolidate assets. the interest rates on the G fund which is a blended rate will be barely above the rate of inflation which is about 1.7%. And income tax will reduce the return. You seem to be havin...
by manwithnoname
Wed Aug 13, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4591

Re: How to ensure military members don't get ripped off

Thanks for the responses. I have contacted my own senators & representatives, and I plan to call the Senate and House Armed Services Committees tomorrow. I have contacted the same folks in the past to complain about for-profit colleges targeting young people separating from the military and eve...
by manwithnoname
Wed Aug 13, 2014 1:52 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4591

Re: How to ensure military members don't get ripped off

There are many valid reasons to rollout of the TSP to a financial firm: 1. Limited investment menu. TSP offer only 3 index funds, an international fund and the G fund which invests solely in US tresasuries. Only other options are 5 target funds. About $120B or 40% of the TSP is invested in the G fu...
by manwithnoname
Wed Aug 13, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4591

Re: BI: High Yield six-sigma event

... As for limiting excessive redemptions in bond funds I thought the SEC rule required funds to redeem sales within 7 days. This is one of the risks of owning a bond fund that I avoid. Seven day redemptions may be in kind. What the SEC can do is suspend the usual rule, under emergency circumstance...
by manwithnoname
Wed Aug 13, 2014 11:32 am
 
Forum: Investing - Theory, News & General
Topic: BI: High Yield six-sigma event
Replies: 24
Views: 2121

Re: WSJ: Who are your investment role models?

The anonymous trader who come up with the only infallible rule in investing: "Buy low, sell high." Every other investing principle is just hype. Enough said. It's too bad that that is merely a description of a desired outcome , not an operational rule that specifies what actions you must ...
by manwithnoname
Tue Aug 12, 2014 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: Who are your investment role models?
Replies: 6
Views: 675

Re: Pension floor drops from 4% to 2.5% -- Time to bail?

Bnes it's a long thread so I just scanned. Are your questions involving a drop of 1.5% in the guaranteed lowest rate on a sum of 20K? If so that is $300 a year if things stay at the floor which they might not. I would not have that take up much energy. Whether to use the stable value or an intermed...
by manwithnoname
Tue Aug 12, 2014 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension floor drops from 4% to 2.5% -- Time to bail?
Replies: 17
Views: 2812

Re: BI: High Yield six-sigma event

http://www.businessinsider.com/high-yield-fund-outflows-a-6-sigma-event-2014-8 I don't usually read investing news but I loved this quote: "[T]he US high yield house is not burning down," said UBS's Matthew Mish. "The real panic will come with a more severe downturn in credit and eco...
by manwithnoname
Tue Aug 12, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: BI: High Yield six-sigma event
Replies: 24
Views: 2121

Re: WSJ: Who are your investment role models?

The anonymous trader who come up with the only infallible rule in investing:

"Buy low, sell high."

Every other investing principle is just hype.

Enough said.
by manwithnoname
Tue Aug 12, 2014 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: Who are your investment role models?
Replies: 6
Views: 675

Re: How to ensure military members don't get ripped off

I was disturbed by an article on Bloomberg.com this morning http://www.bloomberg.com/news/2014-08-12/brokers-lure-soldiers-out-of-low-fee-federal-retirement-plan.html I wanted to post this on the Forum to ask if there's anything ordinary citizens can do to ensure this message is conveyed to members...
by manwithnoname
Tue Aug 12, 2014 4:50 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4591

Re: So where's that inflation many forecasted?

I want to ask an honest question (I'm not trying to get into the debate because I really have no business debating this topic): If banks and corporations are sitting on cash, and they more-or-less simultaneously start accepting more risk and therefore start spending more money, won't the competitio...
by manwithnoname
Mon Aug 11, 2014 3:15 pm
 
Forum: Investing - Theory, News & General
Topic: So where's that inflation many forecasted?
Replies: 43
Views: 2756

Re: So where's that inflation many forecasted?

I live in Central New Jersey and go to NYC a lot. I am seeing inflation everywhere. AMC movies - just went up again 50 cents for a daytime movie price from $9.50 to 10.00 per ticket. Food seems to go up every month. Gas for cars cost twice what it did 5 or 6 years ago. Medical insurance premiums up...
by manwithnoname
Mon Aug 11, 2014 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: So where's that inflation many forecasted?
Replies: 43
Views: 2756

Re: So where's that inflation many forecasted?

I live in Central New Jersey and go to NYC a lot. I am seeing inflation everywhere. AMC movies - just went up again 50 cents for a daytime movie price from $9.50 to 10.00 per ticket. Food seems to go up every month. Gas for cars cost twice what it did 5 or 6 years ago. Medical insurance premiums up...
by manwithnoname
Mon Aug 11, 2014 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: So where's that inflation many forecasted?
Replies: 43
Views: 2756

Re: Dividend Strategy Ain't For Everyone

The reason your theory doesn't work is that you will never know when the market has hit bottom so its impossible to time when to buy sufficient equities to generate income needed for expenses. This is not an accurate representation of the argument against dividend investing. So? There is no one cor...
by manwithnoname
Sat Aug 09, 2014 1:49 am
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11510

Re: Dividend Strategy Ain't For Everyone

pop77 and others: if y'all think that the main virtue of dividend stocks is that they keep paying reliable dividends during the crisis, and it's hard to convince you otherwise, why not do this: invest normally until a crisis hits, then during the crisis buy the reliable income you need. After all ,...
by manwithnoname
Fri Aug 08, 2014 9:51 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11510

Re: Dividend Strategy Ain't For Everyone

Why do you need to sell stocks in a down market? I am 85 equities/15% fixed which generates increasing income each year. Spending dividend income is identical to selling stock. In fact, it is economically equivalent to selling a specific lot of stock that has zero cost basis. I have no taxation on ...
by manwithnoname
Fri Aug 08, 2014 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11510

Re: Dividend Strategy Ain't For Everyone

The idea is to not sell your stocks in down markets. Right, the idea is to buy more stock in down market by selling bonds. Except for those with high/all equity portfolios, the worry about having to "sell stocks in down markets" shouldn't be a real worry. Why do you need to sell stocks in...
by manwithnoname
Fri Aug 08, 2014 12:48 am
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11510

Re: AARP: The Great Pension Sell-Off

As a General Motors retiree whose pension is now a Prudential annuity, I think this article by Eileen Ambrose is right on: http://www.aarp.org/work/retirement-planning/info-2014/retirees-pension-plan-change.html This is in the June/July 2014 edition of AARP: The Magazine. L. The author has overlook...
by manwithnoname
Tue Aug 05, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: AARP: The Great Pension Sell-Off
Replies: 30
Views: 3690

Re: Banks insist on physical address -- new regulations?

But what if one does not have a physical address? Also, some houses in rural areas do not have an address. * My parents house had no house number and no mail delivery. The address they provided was: "the third house on the left hand side of the road after the intersection". * The mailing ...
by manwithnoname
Sun Aug 03, 2014 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Banks insist on physical address -- new regulations?
Replies: 28
Views: 3983

Re: I don't think I can afford to die in Pennsylvania

move to NY where each spouse can exempt 2.062M in 2014 gradually increasing to 5.25M by 2018.
by manwithnoname
Wed Jul 30, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: I don't think I can afford to die in Pennsylvania
Replies: 35
Views: 3425

Re: What gives with these low returns?

With that track record you should apply to be the president of HMC which is vacant. I am sure they will offer a hefty sign on bonus.

http://www.businessweek.com/news/2014-0 ... -step-down
by manwithnoname
Fri Jul 04, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: What gives with these low returns?
Replies: 17
Views: 1594

Re: What gives with these low returns?

For comparison, Vanguard Balanced Index Fund--60% Total Stock, 40% Total Bond--earned 13.50% annualized over the last five years. By my crude calculations based on Morningstar's growth charts, 8.6% over the last 20 years. Depends on what period is measured. Over previous 20 years average annual ret...
by manwithnoname
Fri Jul 04, 2014 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: What gives with these low returns?
Replies: 17
Views: 1594

Re: Merton: 401(k) retirement plans face crisis

bob wrote: "The idea of the life care annuity began around 1999. That's the idea of bundling a life annuity with long term care insurance. The idea is still kicking around, but to the best of my knowledge no one has introduced the product. Sooner or later someone will IMO, who knows when."...
by manwithnoname
Fri Jul 04, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: What gives with these low returns?

Depends on what period is measured. Over previous 20 years average annual return of Harvard endowment is 12% which is 3% above its benchmark. Take you pick last 5 or last 20. http://www.hmc.harvard.edu/investment-management/performance-history.html That may be true, but why the significant under-pe...
by manwithnoname
Fri Jul 04, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: What gives with these low returns?
Replies: 17
Views: 1594

Re: What gives with these low returns?

Depends on what period is measured. Over previous 20 years average annual return of Harvard endowment is 12% which is 3% above its benchmark. Take you pick last 5 or last 20.

http://www.hmc.harvard.edu/investment-m ... story.html
by manwithnoname
Fri Jul 04, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: What gives with these low returns?
Replies: 17
Views: 1594

Re: Merton: 401(k) retirement plans face crisis

<snip>The answer is simple: who is going guarantee payments from a retirement system which requires unlimited payments for an infinite period of time in investment markets which periodically have 50% or more volatility? Only entity I know of that can guarantee such risks is the US government which ...
by manwithnoname
Fri Jul 04, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: Merton: 401(k) retirement plans face crisis

Can someone explain to me why the private market, ie, insurers, mutual fund companies, has not offered a product that would "duplicate" as much as possible the basic features of the DB system, basically, some sort of deferred annuity, which you pay into during your working years, and star...
by manwithnoname
Fri Jul 04, 2014 1:50 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: Merton: 401(k) retirement plans face crisis

The 401k (et al) Defined Contribution scheme is an accident, based on exploitation of a tax loophole. One of the casualties of that accident is Defined Benefit pension plans. What's missing from all of this, IMO, is a conversion opportunity to a DB plan for DC participants. Yes, an annuitization op...
by manwithnoname
Fri Jul 04, 2014 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: Vanguard - Energy Fund

David Swensen didn't recommend energy for small investors (in his book Unconventional Success). http://www.bogleheads.org/blog/david-swensens-portfolio-from-unconventional-success/ So? If you think that TIPS and emerging markets will outperform the energy sector then follow his investment advice. I...
by manwithnoname
Fri Jul 04, 2014 8:52 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard - Energy Fund
Replies: 31
Views: 4033

Re: Merton: 401(k) retirement plans face crisis

Most investors will be better off investing to accumulate assets for retirement instead of trying to fund for the purchase of income because: 1. No one can calculate how much income they will need for retirement that will begin 10 or more years in the future that could last 40 years. 2. No one can ...
by manwithnoname
Fri Jul 04, 2014 12:41 am
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: Current Stock Market Predictions

A lot of the debate here seems in response to the word "prediction," which apparently triggers all kinds of negative associations (many of which I agree with). What if we consider that what Bogle is doing is not really a prediction, it's a framework for calculating expected returns and ri...
by manwithnoname
Thu Jul 03, 2014 11:58 pm
 
Forum: Investing - Theory, News & General
Topic: Current Stock Market Predictions
Replies: 35
Views: 5621

Re: Can Beneficiary IRAs Be Merged? (same parent)

My Father died last year and left me three Beneficiary IRAs in 3 different investment houses - one each in Vanguard, Schwab and Fidelity. Each account has the holdings of the respective company - Vanguard has only VG mutual funds and Fidelity has Fidelity mutual funds, while Schwab (smallest) is al...
by manwithnoname
Thu Jul 03, 2014 10:13 pm
 
Forum: Investing - Theory, News & General
Topic: Can Beneficiary IRAs Be Merged? (same parent)
Replies: 10
Views: 849

Re: POLL: What is your weighted average duration in FI?

What about the TSP G fund? The TSP fact sheet for the fund makes no mention of duration. I don't know. Never had access to this fund. G fund holds non marketable treasury bonds which have an infinite duration because the bonds are interagency debt similar to the Treasury bonds held by in SS and Med...
by manwithnoname
Thu Jul 03, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: What is your weighted average duration in FI?
Replies: 16
Views: 1031

Re: CBS vs CBSO spinoff tender offer

Thanks again. I was justing asking what people thought might be the better of two investments for the future. I know it's a chit/chat question. Just like asking if you think IBM or Google is a better investment now. No hidden deep meaning to the question. This Q is about as meaningless as comparing...
by manwithnoname
Thu Jul 03, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: CBS vs CBSO spinoff tender offer
Replies: 14
Views: 1152

Re: WSJ article on ROTH 401K's vs Traditional

If you are receiving SS, pension, dividends, interest, cap gains, rental income, part time work, i.e., whatever sort of taxable income you can imagine, then starting RMDs on top of this will make the RMD taxed at the marginal rate you had previously, and maybe the next higher one too. My RMD is all...
by manwithnoname
Thu Jul 03, 2014 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ article on ROTH 401K's vs Traditional
Replies: 48
Views: 4633

Re: US citizens abroad cannot invest through a US brokerage

As a US citizen abroad for 9 years, I'm far from concerned about this. I've opened multiple accounts (both bank and brokerage) with companies that claim only US residents can open accounts. The main point is that they do not know I live abroad. I never provided them a foreign address. And they can'...
by manwithnoname
Wed Jul 02, 2014 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 97
Views: 8455

Re: WSJ article on ROTH 401K's vs Traditional

If you are receiving SS, pension, dividends, interest, cap gains, rental income, part time work, i.e., whatever sort of taxable income you can imagine, then starting RMDs on top of this will make the RMD taxed at the marginal rate you had previously, and maybe the next higher one too. My RMD is all...
by manwithnoname
Wed Jul 02, 2014 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ article on ROTH 401K's vs Traditional
Replies: 48
Views: 4633

Re: WSJ article on ROTH 401K's vs Traditional

As it is impossible to predict future tax law changes I always find the best financial planning tool to assume that current tax laws will continue indefinitely. Given the frequency with with the laws change, that seems a strange assumption. From Forbes 2013, OK, it is Forbes and they hate taxes, bu...
by manwithnoname
Wed Jul 02, 2014 8:04 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ article on ROTH 401K's vs Traditional
Replies: 48
Views: 4633

Re: Merton: 401(k) retirement plans face crisis

Before considering longevity insurance investors need to consider that the odds of a 65 year old living to 85 in order to commence the annuity payment is about 50% which means that a 65 year old has a 50% chance of losing 100% of his 125k investment. What kind of financial advisor would recommend s...
by manwithnoname
Wed Jul 02, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: Changed Lawyers - Won't Transfer File

My mother recently found new legal representation to administer her estate/trust. She told me the her file is still with the old law firm and they are making her drive 45 minutes to the office to pick it up. I think this is BS and the old firm should just mail it to the new firm. I reach out to the...
by manwithnoname
Wed Jul 02, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Changed Lawyers - Won't Transfer File
Replies: 29
Views: 2331

Re: Vanguard - Energy Fund

Bought VG energy fund last year for my roth IRA when it was cheap to increase investments in energy sector. Up 20%. Also own EEP which has jumped about 25% in last 4 months and pays 6%. Will increase investments in energy sector, oil, MLPs, EFTs, on tax efficient basis because US energy production ...
by manwithnoname
Wed Jul 02, 2014 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard - Energy Fund
Replies: 31
Views: 4033

Re: Merton: 401(k) retirement plans face crisis

Hi Leeraar, Merton continually points out that the investor has three ways to improve the chances of meeting retirement income goals: Save more (consume less) now, work longer (retire later), or take more risk (and accept a larger loss if the risk shows up). I would say the first two are both very ...
by manwithnoname
Wed Jul 02, 2014 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 18108

Re: POLL: Mortgage as a negative bond

The sales price of your home doesn't include your investments, or does it ? Home is not an investment. Based on the firms I have analyzed corporations are dumb, e.g., Enron, Lehman, Bear Sterns, WAMU, etc. Or as Warren Buffet reminds investors only invest in a corporation that any fool can run, bec...
by manwithnoname
Wed Jul 02, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Mortgage as a negative bond
Replies: 89
Views: 3090

Re: finding an adviser/handholder for wife

I have wrestled with this scenario myself and have not figured out a good answer. My wife would want someone to handle "everything" (including taxes). As much as I would dislike having her pay AUM fees, if the right person would indeed handle "everything" - put money in her chec...
by manwithnoname
Wed Jul 02, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: finding an adviser/handholder for wife
Replies: 24
Views: 3572

Re: Vanguard - Energy Fund

Bought VG energy fund last year for my roth IRA when it was cheap to increase investments in energy sector. Up 20%. Also own EEP which has jumped about 25% in last 4 months and pays 6%. Will increase investments in energy sector, oil, MLPs, EFTs, on tax efficient basis because US energy production w...
by manwithnoname
Wed Jul 02, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard - Energy Fund
Replies: 31
Views: 4033

Re: Longevity Insurance now allowed in IRA/401k/etc.

You would be better off buying Puerto Rico GO bonds because at least there is no default risk. If one lives to 105, which is the better deal, the annuity or the PR bonds? What about 99? Or perhaps 93? The point is, how can you possibly say one was "better off", without knowing the future....
by manwithnoname
Wed Jul 02, 2014 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 105
Views: 6513
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