Search found 435 matches

by michaelsieg
Thu Jul 23, 2015 7:56 am
Forum: Investing - Theory, News & General
Topic: Hard assets are having some very hard times
Replies: 16
Views: 1851

Re: Hard assets are having some very hard times

I decided a few years ago to have a small allocation to gold/precious metals stocks. It has been a hard exercise to rebalance into this falling asset over the last few years and the losses have been so substantial, that this small allocation has been a significant drag on my overall portfolio perfor...
by michaelsieg
Tue Jul 21, 2015 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in BNDX's when 30 day SEC yield = 0.76%.
Replies: 102
Views: 6617

Re: Why invest in BNDX's when 30 day SEC yield = 0.76%.

Warren Buffett and Rick Ferri already recommend U.S. bonds only, as does Jack Bogle and David Swensen. Thoughts? I also think that the currency hedging ( and currency exchange rates) adds risk and complexity and I am not sure if this is a fund for an average US investor. But I also have a lot of tr...
by michaelsieg
Mon Jul 20, 2015 10:27 pm
Forum: Personal Consumer Issues
Topic: Do you hate your vehicle infotainment system?
Replies: 73
Views: 5891

Re: Do you hate your vehicle infotainment system?

Rented a Mercedes this spring in Europe, I was at a complete loss - the complexity of the system is hard to beat - it took me about 30 minutes to enter an address and get on the way. Also figuring out the volume of the radio so I could hear the navigation system was a problem. Love my Honda's system...
by michaelsieg
Mon Jul 20, 2015 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in BNDX's when 30 day SEC yield = 0.76%.
Replies: 102
Views: 6617

Re: Why invest in BNDX's when 30 day SEC yield = 0.76%.

I am interested in following the discussion about how the diversification might pay off anyway, but I haven't seen a convincing argument yet. I also don't own BNDX, but I think the diversification is probably for different term risk. If inflation rates diverge in different economic areas (let's say...
by michaelsieg
Fri Jul 17, 2015 8:53 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 237
Views: 25852

Re: The next Lehman - this week? [Greek default]

Did anybody buy GREK?
(I don't gamble but maybe someone felt lucky...)
by michaelsieg
Fri Jul 17, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 22
Views: 1770

Re: questions about 529 plan - asset allocation

Thanks for asking ciscovp I have to be honest, I have not taken the time to do it, I guess it was just inertia. We are still saving for the 3 kids every month and I should be doing the rollover. I switched to a fairly conservative AA within the plan to lock in the substantial gains we have had over ...
by michaelsieg
Fri Jul 17, 2015 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Take an annuity or lump sum?
Replies: 16
Views: 1568

Re: Take an annuity or lump sum?

At age 70 I will need to withdraw from there and I'm worried about taxes. Mule, BigJohn linked really important discussions and I think it is a good idea if you take the time to read them. What he was trying to say is that you don't have to leave your money in your retirement accounts until you are...
by michaelsieg
Thu Jul 16, 2015 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market vs. Vanguard Dividend Growth
Replies: 15
Views: 1848

Re: Total Stock Market vs. Vanguard Dividend Growth

Some experienced posters have discussed on this forum to use the VG dividend appreciation index (VDAIX) as a surrogate for the US high quality stocks, which is a separate category in the GMO forcast. Their forcast is published monthly on their website. I was trying to find out the difference between...
by michaelsieg
Wed Jul 15, 2015 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Take an annuity or lump sum?
Replies: 16
Views: 1568

Re: Take an annuity or lump sum?

Not sure if I understand your question right, but if they offer an about 150k lumpsum payout as opposed to a pension of 8k/year, then the pension seems to be the better deal. 8000k/year= is 5.3% of your lumpsum and probably your pension is insured (most pensions are, but you have to check with your ...
by michaelsieg
Wed Jul 15, 2015 7:11 am
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 18688

Re: What 2008/09 has done to me

Every personal item I keep at work fits in one shopping bag and that shopping bag is also at work. Looking at my office, I would have to get several boxes....never looked at my office space that way. Maybe it is time to clean out some clutter for me. Thanks for all the posters on this thread, it do...
by michaelsieg
Wed Jul 15, 2015 7:06 am
Forum: Personal Finance (Not Investing)
Topic: I tipped 15% and got a dirty look
Replies: 129
Views: 6791

Re: I tipped 15% and got a dirty look

I am from Switzerland, where they got rid of the tipping system and implemented a service charge included in the food/drink price when I was a kid. So from that time on, waiters would get their share no matter how bad the service was. The argument at the time was," why should an attractive youn...
by michaelsieg
Mon Jul 13, 2015 7:58 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan for College in the Near Future
Replies: 3
Views: 509

Re: 529 Plan for College in the Near Future

Justin, I would read through the many posts about 529 plans on this forum. Advantages of the plans are that you can have long term tax free growth of your educational savings and the state income tax deduction in some states. Most on the forum here would agree, that if you need the money soon, to in...
by michaelsieg
Sat Jul 11, 2015 8:17 pm
Forum: Investing - Theory, News & General
Topic: The Brainwashing of the American Investor
Replies: 68
Views: 8560

Re: The Brainwashing of the American Investor

hoops777 Thanks for posting this. I really liked Johno's comments about CEFs, I have heard about them before and learned something. As to what Selengut is saying, I have a hard time believing that he is very successful. If he was really that successful, he could afford someone to make his website lo...
by michaelsieg
Thu Jul 09, 2015 9:18 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 237
Views: 25852

Re: The next Lehman - this week? [Greek default]

It seems like today the Greek government has (last minute) submitted a proposal containing substantial reforms and concrete measures to increase government revenue and decrease spending. Early pensions apparently will go away. So maybe I was wrong assuming they planned the exit. I liked the speech o...
by michaelsieg
Thu Jul 09, 2015 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Beginning investor starting in Switzerland, TD Ameritrade or local broker and how to pick ETFs?
Replies: 12
Views: 762

Re: Beginning investor starting in Switzerland, TD Ameritrade or local broker and how to pick ETFs?

I have looked into them in the past, at the time they only were taking institutional clients, no private investors. But things might have changed.
by michaelsieg
Wed Jul 08, 2015 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Beginning investor starting in Switzerland, TD Ameritrade or local broker and how to pick ETFs?
Replies: 12
Views: 762

Re: Beginning investor starting in Switzerland, TD Ameritrade or local broker and how to pick ETFs?

Welcome to the forum. I can't answer all your questions, but there is a couple of important points to make: Costs: Any trade is very expensive in Switzerland and you are right to focus on it. You might find less expensive index funds than ETFs and you should consider either option. Some banks, (UBS,...
by michaelsieg
Tue Jul 07, 2015 8:52 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 237
Views: 25852

Re: The next Lehman - this week? [Greek default]

To me it looks like the Greek government has decided to default and exit the Eurozone. They showed up to the meeting today without any written proposal and it looks like this week is being used to prepare for the default/exit, which will likely be announced on Sunday. As a northern European I would ...
by michaelsieg
Tue Jul 07, 2015 8:31 pm
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 90
Views: 8491

Re: Worst financial book you have read (or will admit you have read)

Your Money or Your Life Just started reading it and have a hard time with some of it. Not sure I will finish, but I don't think it is a terrible book. Just got to the part, where they look at money not as a dollar amount but as time spent/needed to earn it (so you give a time-value to an amount of ...
by michaelsieg
Tue Jul 07, 2015 9:39 am
Forum: Personal Consumer Issues
Topic: Journal of my recent ride in Northern Italy
Replies: 11
Views: 1865

Re: Journal of my recent ride in Northern Italy

Raybo, I love your journal and the pictures are great - thanks for posting it! I am currently reading "your money or your life" (which has good and bad parts, but it is interesting how they equate money with "time of your life" that you have to give away to earn it, it puts earni...
by michaelsieg
Mon Jul 06, 2015 11:46 am
Forum: Forum Issues and Administration
Topic: [Forum running slow]
Replies: 43
Views: 2565

Re: SLOW

It is still very slow, took me several minutes to open the page, see Taylor's post and confirm that the problem persists.
My internet here works otherwise at normal speed.
by michaelsieg
Mon Jun 29, 2015 9:50 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bonds as a Portfolio Proxy for EM Stocks?
Replies: 22
Views: 2042

Re: Emerging Market Bonds as a Portfolio Proxy for EM Stocks?

as far as I know it's still considered developed in most indices

Thanks watchword - I hope for them they stay there
by michaelsieg
Mon Jun 29, 2015 8:11 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9727

Re: dow futures down 200+ points

Freefall?

I bet you someone will re-activate this thread by the end of the day... :happy
by michaelsieg
Mon Jun 29, 2015 7:25 am
Forum: Investing - Theory, News & General
Topic: Emerging Market Bonds as a Portfolio Proxy for EM Stocks?
Replies: 22
Views: 2042

Re: Emerging Market Bonds as a Portfolio Proxy for EM Stocks?

Just out of curiosity I did a cursory check of the 850 bond holdings in the fund (VGAVX) yesterday.
Vanguard didn't put any Greek government bonds in it, which at this point seems to be a good thing.
by michaelsieg
Sun Jun 28, 2015 10:41 pm
Forum: Personal Consumer Issues
Topic: Travel to Greece
Replies: 58
Views: 4780

Re: Travel to Greece

Terrorism is covered, financial collapse is not typically covered by travel insurance. What would travel insurance get you? How would you make a claim? I think with many of these insurances you can cancel a flight and get your expense for the flight ticket reimbursed, in case you decide not to take...
by michaelsieg
Sat Jun 27, 2015 11:11 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bonds as a Portfolio Proxy for EM Stocks?
Replies: 22
Views: 2042

Re: Emerging Market Bonds as a Portfolio Proxy for EM Stocks?

What strikes me is that the local EM debt and the non-local (US $ denominated) bonds have such a different expected return in the Research Affiliates graph that Maynard posted. I find that difficult to explain. I think the currency hedged funds like VGAVX probably should be counted to the local EM d...
by michaelsieg
Sat Jun 27, 2015 10:59 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 27786

Re: What ratio are you stocks/bonds and how old are you?

Just turned 50 - if I "annuitize" my future pensions, I would be 36% pensions, 33% equity and 30% bonds/stable value/gold.
Not counting the pensions, 47% bonds/stable value/gold and 53% equities.
by michaelsieg
Sat Jun 27, 2015 10:41 pm
Forum: Personal Consumer Issues
Topic: Travel to Greece
Replies: 58
Views: 4780

Re: Travel to Greece

I would definitely book the flight - it might make sense to pay for travel insurance. We spent a few weeks on the islands years ago (before kids) and it is great - the hotels will still be there, no idea what currency you will need to pay for things, at any rate, they will likely accept Euros, even ...
by michaelsieg
Tue Jun 23, 2015 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Need help planning contributions so I can retire early
Replies: 17
Views: 1724

Re: Need help planning contributions so I can retire early

If you love what you are doing and stay up to date, you will be well worth your salary after you turn 50 - I would not worry about this now. In my field (medicine) most predictions about future needs and most job projections that I have seen have not panned out....except maybe that things are gettin...
by michaelsieg
Tue Jun 23, 2015 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Need help planning contributions so I can retire early
Replies: 17
Views: 1724

Re: Need help planning contributions so I can retire early

Not to go into your financial situation, you are 26 - it might make sense to choose a profession/career where you find it worth it to achieve something that is meaningful for you and to do something you love. Life will be hard if you go to work only if it is a means to retire early. I might be wrong...
by michaelsieg
Tue Jun 23, 2015 8:46 pm
Forum: Investing - Theory, News & General
Topic: Momentum across time and asset classes
Replies: 40
Views: 5310

Re: Momentum across time and asset classes

Thanks Countmein and Ketawa
by michaelsieg
Mon Jun 22, 2015 9:39 pm
Forum: Investing - Theory, News & General
Topic: Momentum across time and asset classes
Replies: 40
Views: 5310

Re: Momentum across time and asset classes

I am not sure if showing underperformance of these funds versus a growth index or total stock index shows that the momentum strategy is difficult to implement or unsuccessful or too expensive to be successful. To show an ineffective implementation, I would think one would have to compare a momentum ...
by michaelsieg
Sat Jun 20, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: investing vs. mortgage payoff
Replies: 10
Views: 1869

Re: investing vs. mortgage payoff

Many people on this forum will recommend investing the extra money instead of paying off your mortgage. I think you and your husband's situation might be slightly different. First of all, you should plan on being done with mortgage payments by the time you and your husband plan to retire - so it mak...
by michaelsieg
Wed Jun 17, 2015 8:24 pm
Forum: Investing - Theory, News & General
Topic: Doom and Gloom from Marketwatch
Replies: 26
Views: 5442

Re: Doom and Gloom from Marketwatch

The cases that I know of where stock markets went to zero or essentially zero where because the countries were on the losing end of a war. Think of Japan or Germany right after World War II. The Greek stock exchange might dip into that territory soon without a war....obviously I have no idea if glo...
by michaelsieg
Wed Jun 17, 2015 8:02 am
Forum: Investing - Theory, News & General
Topic: Sample Portfolio - Random Walk Down Wall Street
Replies: 60
Views: 6332

Re: Sample Portfolio - Random Walk Down Wall Street

Just trying to understand the two different EM debt categories on the above referenced RAFI website (and not sure which one B.M. plans to include in this portfolio) There is a category for local EM debt (JP Morgan EMBI plus) index and the other is non-local (JP Morgan GBI-EM) Index - the expected re...
by michaelsieg
Tue Jun 16, 2015 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Longtime Insurance Customers Get Ripped [overcharged]
Replies: 106
Views: 14176

Re: Longtime Insurance Customers Get Ripped [overcharged]

Had the same issue with Statefarm. They increased our HO insurance without telling us (only found out as escrow payments went up) and they also stepwise increased our car insurance. After a fender bender they were going to go up further on my policy, so I called Geico, and their rate (despite the fe...
by michaelsieg
Tue Jun 16, 2015 10:06 pm
Forum: Personal Consumer Issues
Topic: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29
Replies: 28
Views: 4823

Re: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29

Thanks for posting. I didn't know my exact collar size when I was at work, and had to come home first to check my size. I really liked the shirts and the sale was still on earlier today. Now I know my size, but the sale is over....missed it....it really seems that this was a good deal - do they have...
by michaelsieg
Sat Jun 13, 2015 1:50 pm
Forum: Investing - Theory, News & General
Topic: MOM faltering? [Momentum]
Replies: 108
Views: 8864

Re: MOM faltering? [Momentum]

Meynard, thanks for posting the zig-zag image of value versus growth performance. One would think that by rebalancing between value and growth, it should be possible to reap a rebalancing premium - a few years ago Rick Ferry wrote an article that due to cost this is not possible, but the curve would...
by michaelsieg
Mon Jun 08, 2015 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Comments on my Retirement picture
Replies: 12
Views: 1804

Re: Comments on my Retirement picture

I am also trying to find out what your main concern is - it sounds to me that you are doing everything right. Is your concern outliving your portfolio with the current low bond /CD yields and a non COLA pension? If so, one thing that might be worth looking into in that case would be a deferred annui...
by michaelsieg
Wed Jun 03, 2015 10:12 pm
Forum: Investing - Theory, News & General
Topic: Warning Signs [Economic health indicators]
Replies: 246
Views: 31890

Re: Warning Signs

Thanks for this interesting post, Clearly_Irrational. I probably will not do anything with the information for now, just making sure that my equity/bonds allocation is where it is supposed to be...curious what the next FRED numbers will show next month. Also curious, what the Greeks will decide to d...
by michaelsieg
Wed Jun 03, 2015 9:11 pm
Forum: Personal Consumer Issues
Topic: Dishwasher lime/calcium build-up
Replies: 20
Views: 1679

Re: Dishwasher lime/calcium build-up

Yeah, I have already ordered DW magic from Amazon.. it will arrive next week and I will try it out.

When you get it, let us know how it worked!
by michaelsieg
Wed Jun 03, 2015 2:06 pm
Forum: Personal Consumer Issues
Topic: Dishwasher lime/calcium build-up
Replies: 20
Views: 1679

Re: Dishwasher lime/calcium build-up

Not sure if this has been said before. We have a lot of calcium build up too, I use "dishwasher magic" for our kenmore elite dishwasher once a month now, it does an incredible job in removing the calcium. It is available in our local hardware store.
by michaelsieg
Mon Jun 01, 2015 3:12 pm
Forum: Personal Consumer Issues
Topic: Selected photos of 3-week bicycle ride around the Italian Lakes
Replies: 35
Views: 3204

Re: Selected photos of 3-week bicycle ride around the Italian Lakes

For the most part, I just smile and say that the key is keeping the pedals turning. Love it, and also your signature quote :happy - a quick "technical" question - what do you do with the (probably large) suitcase in which you transport the bike on your flight, once your are there and you ...
by michaelsieg
Sat May 30, 2015 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe money on Backdoor Roth
Replies: 16
Views: 3021

Re: IRS says I owe money on Backdoor Roth

Since it was non-deductible, it doesn't impact your 2013 taxes. So there is nothing to report on your 2013 taxes regarding this transaction . There are many experts in taxes on this forum and I am not one of them, but I made this mistake as mentioned above and I am pretty sure that you have to repo...
by michaelsieg
Sat May 30, 2015 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe money on Backdoor Roth
Replies: 16
Views: 3021

Re: IRS says I owe money on Backdoor Roth

I assume you converted money from a nondeductible IRA to a Roth. I made the mistake a few years ago, that I only reported the roth conversion and didn't fill out the 8606 with the nondeductible IRA contribution, so the IRS assumed this conversion taxable. We had to amend our tax returns and everythi...
by michaelsieg
Sat May 30, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: use emergency funds or borrow from HELOC
Replies: 16
Views: 1569

Re: use emergency funds or borrow from HELOC

Kevin,
You are right, what I wrote makes no sense for someone in retirement. I thought they were temporary out of work due to illness and then plan to return to work- I missed the part that they are retirees...I just hope that the medical expenses will go down, 8k a month seems really high.
by michaelsieg
Sat May 30, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: International Bond Fund - Updated Thoughts
Replies: 28
Views: 2471

Re: International Bond Fund - Updated Thoughts

Could may be different expected/possible inflation rates in the major economic zones be a reason to allocate some of the bonds in high quality hedged international bonds? Let's say the US would have 1-2% higher inflation than the eurozone, would an allocation in high quality bonds in the eurozone th...
by michaelsieg
Sat May 30, 2015 8:08 am
Forum: Investing - Theory, News & General
Topic: International Bond Fund - Updated Thoughts
Replies: 28
Views: 2471

Re: International Bond Fund - Updated Thoughts

Swenson writes in his book also that one should not include international bonds in one's AA. If I remember well, some of the reasons he mentioned was currency risk, the cost of currency hedging and credit quality. I am not sure about the rationale why VG changed some of their bond allocation to inte...
by michaelsieg
Fri May 29, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: use emergency funds or borrow from HELOC
Replies: 16
Views: 1569

Re: use emergency funds or borrow from HELOC

Sorry about your medical problems and I hope you will get better soon. I would ask the question: how can you make sure, that you won't run out of money for as long as possible, especially if the medical recovery takes longer than expected, (which can certainly happen). If there is no paycheck coming...
by michaelsieg
Fri May 29, 2015 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: lump sum divorce settlement
Replies: 31
Views: 4112

Re: lump sum divorce settlement

Normal dude wrote My point is that the OP should RUN THE NUMBERS before making a decision. I completely disagree as well. Live is about more than running numbers. One point that has not been mentioned are the effects on self esteem and self value and on the general outlook on life that a good educat...

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