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Re: Term Life: How Much & Term Length Guidance

I am a bit curious about the laddering concept where some have taken out multiple policies lasting different lengths in time. We did that too, I took a 10 year, a 15 year and a 20 year policy. I projected our savings rate and felt that in the future, when savings have grown, the "shortfall&quo...
by michaelsieg
Wed Mar 25, 2015 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life: How Much & Term Length Guidance
Replies: 16
Views: 1575

Re: PXSV has changed indexes

RNJ - I completely agree with what you are saying - I probably misunderstood you. It is a length learning process and it has taken me a while - but I now feel what you call ownership - I have reasons for the AA decisions I made. I agree one should not copy someone else's portfolio unless all the fac...
by michaelsieg
Fri Mar 20, 2015 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: PXSV has changed indexes
Replies: 88
Views: 5970

Re: PXSV has changed indexes

it is my opinion that no one should be looking to them for advice. It is one thing to witness an exchange of ideas and to learn from that exchange, and quite another to read that someone likes a fund and go out and adapt that fund or strategy as one's own. That's a recipe for disaster. I also parti...
by michaelsieg
Fri Mar 20, 2015 10:48 am
 
Forum: Investing - Theory, News & General
Topic: PXSV has changed indexes
Replies: 88
Views: 5970

Re: Mirroring Ben Graham (quantitative value)

It seems arbitrary to sell after 50% gain or 2 years. It seems it would make more sense to develop a simple 'index' of stocks with higher than average expected return, then simply hold that index. If a stock exits the index because its price has risen too much, you sell automatically when that even...
by michaelsieg
Fri Mar 06, 2015 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: Mirroring Ben Graham (quantitative value)
Replies: 7
Views: 1140

Re: Mirroring Ben Graham (quantitative value)

Thanks for posting Robert, I liked the interview - he has such a sound framework about how he looks at investing. I want to read the intelligent investor soon. Interesting how he separates investors from speculators. At bottom it is a technique by which true investors can exploit the recurrent exces...
by michaelsieg
Thu Mar 05, 2015 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: Mirroring Ben Graham (quantitative value)
Replies: 7
Views: 1140

Re: Foreign Currency Hedge for Vacation

I will go there with the family this summer and it will be more expensive than planned. If you want today's exchange rate (i.e. you worry, that the CHF will increase in value), just buy the Swiss Franks now (or part of what you plan on spending). I think many are betting on the CHF to get stronger. ...
by michaelsieg
Wed Mar 04, 2015 11:30 pm
 
Forum: Personal Consumer Issues
Topic: Foreign Currency Hedge for Vacation
Replies: 14
Views: 1099

Re: Tenants won't let us show the rental: what do we do?

We were in a similar situation with a house that we rented out of state. It is not easy to handle your situation from far away. Confrontation might hurt you more than help. What seems unusual to me is that you are showing the house so early, if you have tenants with a contract to the end of June in ...
by michaelsieg
Mon Feb 16, 2015 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tenants won't let us show the rental: what do we do?
Replies: 60
Views: 7164

Re: Asness and Bogle on investment strategy, pensions

Thanks for posting, I enjoyed the conversation.
Michael
by michaelsieg
Wed Feb 04, 2015 8:50 am
 
Forum: Investing - Theory, News & General
Topic: Asness and Bogle on investment strategy, pensions
Replies: 4
Views: 971

Re: Hedge fund loses 99.8% of all funds, $100m down to $200k

And I thought I was a bad investor....kind of puts my mistakes of the past in perspective
by michaelsieg
Wed Jan 21, 2015 10:55 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge fund loses 99.8% of all funds, $100m down to $200k.
Replies: 59
Views: 6965

Re: How to get things wrong - Swiss Franc (CHF)

Thanks Valuethinker, that makes a lot of sense. To my (somewhat limited) understanding, if a national bank decides to intervene, the problem of the SNB was probably an easier one than what the Russian currency is currently experiencing. To a certain extent, you can keep your currency at a low valuat...
by michaelsieg
Wed Jan 21, 2015 10:47 pm
 
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3605

Re: How to get things wrong - Swiss Franc (CHF)

The only way it could have ended other than it did was if the SNB was willing to hyperinflate their currency, which I couldn't believe they would do. I am not sure this is true - interestingly, despite acquiring large amounts of foreign currency reserves since 2011 and printing large amounts of CHF...
by michaelsieg
Tue Jan 20, 2015 11:16 pm
 
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3605

Re: [Legality of advisor's 401b plan changes without consent

Just an update, I had a conference call with the Morgan Stanley advisor and the owner of the business. The Morgan Stanley advisor stated that for him only the funds with 12-b fees were available. Also, he said, the default option (which was a MM account) is now illegal -according to him it has to be...
by michaelsieg
Tue Jan 20, 2015 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1710

Re: downhill ski boots question

I also have feet that don't fit in most ski boots. So I have my own, and with them the foot pain at the end of the day is manageable and they last a long time. I would definitely recommend you buy a good pair. When we go skiing to Utah, we use Breeze ski rentals https://www.skirentals.com/#/ - you e...
by michaelsieg
Tue Jan 20, 2015 9:30 am
 
Forum: Personal Consumer Issues
Topic: downhill ski boots question
Replies: 17
Views: 1071

Re: Swiss franc jumps as SNB abandons ceiling versus euro

If you can, you can go to just about any other European country for a discount. Thanks Frogprince, the problem is that I am from there and want the kids to see where I am from and to stay in contact with my part of the family... Just read an interesting article in the "Neue Zuercher Zeitung&qu...
by michaelsieg
Thu Jan 15, 2015 11:20 pm
 
Forum: Investing - Theory, News & General
Topic: Swiss franc jumps as SNB abandons ceiling versus euro
Replies: 25
Views: 2325

Re: Swiss franc jumps as SNB abandons ceiling versus euro

It hurts us, we were going this summer with the kids, it probably will cost us at least 20% more than we thought....
Amazing also how the Swiss stock exchange reacted to the news, it dropped almost 9% in one day, that just usually just does not happen in Switzerland.
by michaelsieg
Thu Jan 15, 2015 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Swiss franc jumps as SNB abandons ceiling versus euro
Replies: 25
Views: 2325

Re: Vertex42 Excel Stock Quote Template stop working

Suggest using gummy's yahoo CSV Excel macro. Easily found by searching. Has worked for me since ~2005. I did the same a few weeks ago when the MSN download with my Excel 2011 for Mac didn't work anymore. In the large Gummy stuff collection, I used the link for the Excel spreadsheet in "downloa...
by michaelsieg
Mon Jan 12, 2015 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Vertex42 Excel Stock Quote Template stop working
Replies: 39
Views: 4968

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

Bullish crowd this year....
1648
by michaelsieg
Thu Jan 01, 2015 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 20362

Re: Downhill and cross country ski destination

Davos, Switzerland - you will love the cross country skiing in the side valleys up there. Great downhill skiing. Lift tickets less expensive than in Utah, flight there more expensive.
by michaelsieg
Tue Dec 30, 2014 11:40 pm
 
Forum: Personal Consumer Issues
Topic: Downhill and cross country ski destination
Replies: 18
Views: 1592

Re: 92 y/o grandfather AA 90+% stocks

Also don't forget that when your grandfather passes (hopefully a long time from now), the base of his stocks for the heirs changes to the price the day of his passing - so for the heirs there will be no capital gains taxes. That would be another argument not to touch his individual stocks unless he ...
by michaelsieg
Sat Dec 27, 2014 1:36 am
 
Forum: Investing - Help with Personal Investments
Topic: 92 y/o grandfather AA 90+% stocks
Replies: 35
Views: 4011

Re: [Legality of advisor's 401b plan changes without consent

Thanks MossySF, this was very helpful. I don't know how much they have in the 401 plan invested, but from what you say the advisor probably makes an extra 0.5- 1% of the AUM after his changes, that is likely a significant sum - unbelievable! Glad to hear that payroll companies are flexible, will tal...
by michaelsieg
Sat Dec 27, 2014 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1710

Re: My Christmas Message To You -- 70 Years Ago.

Merry Christmas!
Taylor,
Thank you for all you do and have done.
by michaelsieg
Thu Dec 25, 2014 11:39 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Message To You -- 70 Years Ago.
Replies: 58
Views: 5297

Re: [Getting Sued for] Malpractice

Also if anyone has ideas on the security of 529s against medical malpractice, I'm all ears. I have asked this question before and didn't get a definite answer. I think someone said that there is no case law where 529 assets were depleted in a malpractice claim, but not being in the legal field, I h...
by michaelsieg
Thu Dec 25, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Getting Sued for] Malpractice
Replies: 46
Views: 4941

Re: Medical billing: wrong procedure

Calling a plumber to check your house or a house inspector would cost more than the amount your doctor is billing you to check your shoulder. Seems reasonable financially. I agree with the above. In terms of billing, time billing (45min in this case) is a way to bill that allows you to document les...
by michaelsieg
Thu Dec 25, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical billing: wrong procedure
Replies: 28
Views: 2208

Re: [Legality of advisor's 401b plan changes without consent

Thanks mnvalue, I felt the same way and suspected he gets a kick back payments - just can't think of another reason to do such a thing. Also, had I not looked, no one would have tried to change this - you would think that multiple employees are complaining about this, but many are busy in the weeks ...
by michaelsieg
Thu Dec 25, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1710

Re: [Legality of advisor's 401b plan changes without consent

Thanks Laura,
I sure will do this. I will send him the link to this discussion as well.
Thanks for all the good advice you give to so many posters!
Happy Holidays!
Michael
by michaelsieg
Thu Dec 25, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1710

Re: What are the deferred taxation compounding benefits (401

Petrico wrote:
Since the explanation worked like a charm for me ( :idea: , finally), I'll repeat it here in the hope that it will click others reading this:


Peter, thanks for posting this explanation, it finally helped me understanding....
Happy Holidays to you all!
Michael
by michaelsieg
Thu Dec 25, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: What are the deferred taxation compounding benefits (401k)?
Replies: 25
Views: 2048

Re: [Legality of advisor's 401b plan changes without consent

Thank you all for your replies. The owner who is in charge of the plan only knew that they were planning to make improvements and was surprised when I told him that this already happened when we talked at the Christmas party (I have a true gift for small talk...) So I guess the advisor has a way to ...
by michaelsieg
Wed Dec 24, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1710

Re: [Getting Sued for] Malpractice

I think you are doing the right thing - get as much information you can get before you have a problem. I love this forum, but be careful about legal advice on the internet. One main principle is important: It is important to get good advice and qualified answers and implement an asset protection pla...
by michaelsieg
Tue Dec 23, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Getting Sued for] Malpractice
Replies: 46
Views: 4941

[Legality of advisor's 401b plan changes without consent]

My wife's small company with about 50 employees has their 401b plan through Paychex, a payroll company. This December, a Morgan Stanley advisor of the retirement plan made a lot of changes switching to higher ER funds, and none of the leadership knew or approved the changes, but they were executed. ...
by michaelsieg
Tue Dec 23, 2014 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1710

Re: Most/Least Boglehead 2014 Activity?

Most: Implemented a factor based portfolio and shifted some value funds to Rafi indexes. Kept rebalancing and kept AA in VGPMX (was pretty painful...).
Least: Considered RSX (a Russia ETF) as an EM value fund and put part of my EM allocation into it.
by michaelsieg
Sun Dec 14, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 93
Views: 9666

Re: Suddenly Retired, do I have enough?

I am no expert in retirement planning and can't give you a quick answer, but one good thing I see is the relatively high income of 100k/yr in pensions/annuities. Are those with COLA? A simple way to look at it is that you have about 7k (after taxes) fixed monthly income from pension/annuities. So yo...
by michaelsieg
Thu Dec 04, 2014 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 7063

Re: Strong Dollar Clobbers Returns of Foreign-Stock Funds

You could simply assume PPP will revert to equality. It's probably easy to get PPP data online; it was easy enough in the late 1990s but I haven't tried lately. Lazyday I agree that this is what a free exchange market with minor government interventions would result in. But there are significant sh...
by michaelsieg
Thu Dec 04, 2014 11:00 pm
 
Forum: Investing - Theory, News & General
Topic: Strong Dollar Clobbers Returns of Foreign-Stock Funds
Replies: 26
Views: 2743

Re: Strong Dollar Clobbers Returns of Foreign-Stock Funds

Can you explain why you do not consider these not a buying opportunity? Not to answer for Madbrain, but I also would not time my investments based on currency exchange rates. If you look at the influence of exchange rates on international returns, in 5 of the 10 years listed by simplgift it made a ...
by michaelsieg
Wed Dec 03, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: Strong Dollar Clobbers Returns of Foreign-Stock Funds
Replies: 26
Views: 2743

Re: Took the Plunge into the Boglehead Allocation

You are doing great. One thing you might consider adding to your IPS is your savings plan. You are young but you will notice that lifestyle creeps up with your income very easily and discipline with your savings rate over time matters as much (if not more) than what investments you choose. Good luck...
by michaelsieg
Tue Dec 02, 2014 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Took the Plunge into the Boglehead Allocation
Replies: 38
Views: 2924

Re: Should 529s be counted part of our net worth?

letsgobobby wrote:
Hope that helps.

Yes it did! Thanks so much!
by michaelsieg
Sat Nov 29, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should 529s be counted part of our net worth?
Replies: 34
Views: 2623

Re: Should 529s be counted part of our net worth?

We hold 'old' assets (contributed before 2013) and 'newer' assets (contributed 2013 onward) since the 'old' ones had appreciated so much. Letsgobobby, What is the advantage of doing this if you intend to use the money for your kids' college? Our 529 have the same "problem" (nice problem t...
by michaelsieg
Sat Nov 29, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should 529s be counted part of our net worth?
Replies: 34
Views: 2623

Re: An alternative to alternative investments [QSPIX]

Tramper Al wrote Now, I did not actually spend $2550 and buy it - I'll only go so far to be helpful to you guys. I cancelled the order before execution at 4pm - you can do that at every brokerage that does not have Vanguard in its name. Al, I did the same with TD Ameritrade and it took my order, but...
by michaelsieg
Fri Nov 28, 2014 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 315
Views: 37935

Re: An alternative to alternative investments [QSPIX]

Thanks Larry and Robert for all your insightful comments.
Happy Thanksgivings everyone!
Michael
by michaelsieg
Thu Nov 27, 2014 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 315
Views: 37935

Re: An alternative to alternative investments [QSPIX]

Ketawa and oneleaf,
I was not able to purchase the N shares at TDA today - so I called them to find out about the minimum. The lady told me that they have a memo from this January that sets the minimum investment at 1M - she was not sure, what it was before.
by michaelsieg
Wed Nov 26, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 315
Views: 37935

Re: An alternative to alternative investments [QSPIX]

TDA doesn't seem to offer all the AQR funds. Through my IRA, QSPIX specifically says "Not Available through TD Ameritrade" and QSPNX has a $1M minimum investment. It seems like Fidelity is the only broker where they are available to retail investors. Thanks Ketawa, I placed an order for Q...
by michaelsieg
Wed Nov 26, 2014 12:04 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 315
Views: 37935

Re: Girlfriend with a LOT of Student debt.

Most important things have been said - I think you should enjoy your time with her - most good things are probably free - and don't think about marriage for now. Give her time to sort her finances out, if she can't or is unwilling/unable, then make sure you don't marry her. If in a few years you sti...
by michaelsieg
Tue Nov 25, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13905

Re: An alternative to alternative investments [QSPIX]

Don't know if this helpful, but today I placed an order with my TD Ameritrade brokerage account that is linked to my 403 plan. The order was for over 10k but it got cancelled - will call tomorrow and find out why. Probably with some TDA accounts, the N fund (QSPNX) is the only option for a "sma...
by michaelsieg
Tue Nov 25, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 315
Views: 37935

Re: Thinking about retiring next year

You're used to having $102k and will have some college expenses that are new. Sounds like you'd have $55k + $18k + whatever you make part time. If you can make $30k part time, that gets you even, before college costs. I think these numbers look about right to me and if you estimate the amount of ca...
by michaelsieg
Fri Nov 21, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring next year
Replies: 16
Views: 2642

Re: Bogleheads, tell me about your 40's?

For me I managed to complicate our lives more in the 30's, simplify our lives now in our mid 40's. I would say it tends to follow the kids age track more than anything I think you are right, ours are still fairly young (elementary school) and basically they took over my 40s - wouldn't want to miss ...
by michaelsieg
Wed Nov 19, 2014 10:36 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 20243

Re: Bogleheads, tell me about your 40's?

Your 40s are not as good as your 30s.

Well said...a lot of things seem harder and we managed to complicate our lives more than to simplify...things seemed easier in my 30s.
by michaelsieg
Wed Nov 19, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 20243

Re: How to be a Boglehead in Germany

Thanks Troy for your input. I lived for 7 years in Germany, but coming from Switzerland, I always did my brokerage/banking using my Swiss bank. So for me and living in Germany, buying VG ETFs really happened with the click of a mouse. I trade very infrequently, so the higher trading fees if you buy ...
by michaelsieg
Sun Nov 09, 2014 12:49 am
 
Forum: Investing - Theory, News & General
Topic: How to be a Boglehead in Germany
Replies: 14
Views: 3323

Re: VGPMX: anyone contrarian enough to buy it?

Placed the order to rebalance late Friday - with my luck it will be up 5% on monday....
by michaelsieg
Sun Nov 02, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: VGPMX: anyone contrarian enough to buy it?
Replies: 79
Views: 11214

Re: A Returns Spreadsheet for Bogleheads

Thanks for posting this - I want to formally calculate my own return (usually just use the Morningstar number at the end of the year without checking ) and always have been too lazy to do it. So your spreadsheet will help - thanks for making it available to us.
Michael
by michaelsieg
Sun Nov 02, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 76
Views: 11313

Re: VGPMX: anyone contrarian enough to buy it?

At least its only 5.5% of the portfolio.

Similar % range here- thanks for keeping me to stick to my plan!
by michaelsieg
Thu Oct 30, 2014 10:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: VGPMX: anyone contrarian enough to buy it?
Replies: 79
Views: 11214
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