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Re: Do you have class?

I have 5 and use 4 regularly. All are on auto pay in full monthly and all pay cash rewards. I use them (CC companies) like a cat does a scratching post. AX just offered a $20 credit if I use the card for $20 or more on Amazon by end of today. Bought $44 in color printer ink on sale for $36, less the...
by midareff
Sun Aug 31, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have class?
Replies: 15
Views: 1446

Re: short term investment as of today...

I CD since even if the money was needed in 4 years the interest with early termination should still be higher than .85%. A Limited Term Tax-Ex Fund is also an option but not shown.
by midareff
Sun Aug 31, 2014 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: short term investment as of today...
Replies: 8
Views: 512

Re: Does anyone have 'Lazy Portfolios'?

I use an 11 fund lazy portfolio. Everything needs to be put in context, I'm 66, retired 2.5 and in drawdown. I also slice and dice. Taxable equities have equal 7.5% of portfolio slices of Total US, Total Int, Small Value and Int Small along with IT Tax-Exempt and Limited Term Tax Exempt from which I...
by midareff
Sat Aug 30, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 71
Views: 3765

Re: Swedroe Value Metrics

larryswedroe wrote:midareff
This is for the PREMIUM of value, not the return on stocks, what you are thinking of is the return to BETA PLUS the return on the riskless tbill
Larry



Gotcha the language "Larry's numbers: U.S. stocks 1952-2013, "average annual returns" of 4.43 " threw me off.
by midareff
Fri Aug 29, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: Swedroe Value Metrics
Replies: 9
Views: 979

Re: New 2% cash back Visa card from Citi

heartwood wrote:The link you posted does not mention Visa, nor do other sites I checked. It's not clear what kind of card it is and where it's accepted.


A card that does not say MasterCard or Visa on it will be a problem to use. I think I'll stay with my 2% Fido AMEX and 1.5% Visa.
by midareff
Fri Aug 29, 2014 7:30 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 61
Views: 6208

Re: Swedroe Value Metrics

I have not done any calculations, but I can not really believe Larry's numbers: U.S. stocks 1952-2013, "average annual returns" of 4.43 (B/P), but 7.33 for E/P? Isn't this way too much of a difference? U.S. stocks 1952-2013, "average annual returns" of 4.43 .... if this is for t...
by midareff
Fri Aug 29, 2014 7:18 am
 
Forum: Investing - Theory, News & General
Topic: Swedroe Value Metrics
Replies: 9
Views: 979

Re: Debating whether to keep current vehicle or purchase ano

I think you are working it just right. Get the AAA plan with enough coverage that you can break down at work and still get towed to a garage near home. Drive the Focus as far s it will go and then get another couple year old 25k - 35k mile old used replacement.
by midareff
Fri Aug 29, 2014 6:51 am
 
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 39
Views: 1825

Re: What's "The Herd" doing today?

Reb Tevye wrote:So, what do you think The Herd is doing today?
Please cite your sources. Bonus points if it's your shoe shine boy.



Probably grazing, source, the Farmer's Almanac.
by midareff
Wed Aug 27, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3415

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money. In my opinion, saving is more of a privilege than a norm. Very true. -1 ... to save you live on less than you make. Certainly there are those at or under poverty level who need all their income to survive...
by midareff
Wed Aug 27, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2182

Re: 87 yr old mom just inherited $200,000 - what to do with

Perhaps 50-50 in the money market and Total Bond, adjust the percentages as desired. Given her existing portfolio of $55,000 + $200,000 = $255,000, and her monthly withdrawals of $1500 x 12 months = $18,000, this gives an annual withdrawal rate of 7%. Consider a SPIA with part of the money :confuse...
by midareff
Wed Aug 27, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 87 yr old mom just inherited $200,000 - what to do with it?
Replies: 7
Views: 960

Re: AA of 60/40 for your Lifetime?

AA is a measure of risk. 80/20 is more risky than 60/40 and so forth. As you age your definition of risk changes. Young investor, ... the risk of not saving/having enough to retire. Older investor, .... the risk of having market upheaval that moves or removes the imminent prospect of retirement. Ret...
by midareff
Wed Aug 27, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2303

Re: Cash in Safe Deposit Box..??

Recently a friend told me he keeps cash in a bank safe deposit box (SDB) because he likes having cash "on hand", but likes having it away from home in case of fire, theft, flood, etc. I told him his cash is losing value (inflation), and that a SDB (for which he pays $40/year) offers littl...
by midareff
Tue Aug 26, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3781

Re: SP500 and recency bias

Is this change of heart typical? Does it say something about my ability to stay the course? Yes and maybe... it also is a pretty clear definition of recency bias. About 30 years ago I used to spend lunch listening to a financial radio station where they repeated almost daily... bulls will make mone...
by midareff
Tue Aug 26, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: SP500 and recency bias
Replies: 23
Views: 2123

Re: S&P500 over 2000

Doctor Shiller's predictions From CNBC dated 31 December 2010 - Using long term analysis, Professor Robert Shiller, macromarkets chief economist at Yale University and the co-creator of the S&P/Case-Shiller Home Price Index, told CNBC on Friday that the S&P 500 may reach 1430 by the year 20...
by midareff
Tue Aug 26, 2014 9:15 am
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 68
Views: 5319

Re: Arches-Bryce-Zion road trip: Where to stay?

My wife and I are heading out on on a road trip to see Canyonlands and Arches and then move on to Bryce and Zion. It's kind of a spur of the moment trip and will be our first visit to these areas. We would appreciate your recommendations for lodging. If you mean immediately or including the upcomin...
by midareff
Tue Aug 26, 2014 9:13 am
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1025

Re: Why don't utilities get any praise

[quote="Clearly_Irrational" Small caps are legitimate if you buy into the multi-factor model. REITs are almost a separate asset class so it's not totally indefensible. Health care is a no no though, it's just a sector play and we all know that's uncompensated risk, utilities fall into the ...
by midareff
Mon Aug 25, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Why don't utilities get any praise
Replies: 39
Views: 3691

Re: Quote from a mover: Please comment

- $1,072.50

Is that a regardless of fault hard cap?
by midareff
Mon Aug 25, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: Quote from a mover: Please comment
Replies: 46
Views: 3752

Re: did I damage my fridge by leaving the door open for a we

Let's look at this simplistically. If it normally "runs" 10% of the time and if the door was wide open and it ran 100% of the time, you put ten weeks use on it. Forgetaboutit.
by midareff
Mon Aug 25, 2014 8:54 am
 
Forum: Personal Consumer Issues
Topic: did I damage my fridge by leaving the door open for a week?
Replies: 31
Views: 2690

Re: The Larry Portfolio - For Tilters and S&D'ers Only

I S&D but the Larry is not diversified enough for me. At 66 and retired I want to own the world, not just the small caps and EM.
by midareff
Sun Aug 24, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: The Larry Portfolio - For Tilters and S&D'ers Only
Replies: 27
Views: 3099

Re: International allocation

In ten of the last twenty years the EAFE has outperformed the SP500 (source Callan Tables). In total performance for that period the SP500 is way ahead despite the split. I have no clue what that means going forward. Personally I'm about 29% domestic and 16% international.
by midareff
Sun Aug 24, 2014 9:03 am
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4116

Re: I need "Ultra High Net Worth" investing advice please

Vanguard Flagship Select will be your best alternative. It is important to recognize first that Vanguard is structured differently than all the "for profit" firms you have already had discussions with. Vanguard is owned by us, the investors, and costs matter. Markets go up and they go down...
by midareff
Sun Aug 24, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15314

Re: Is it me, or are "collectibles" worthless in 2014?

I periodically empty my "hobby" closet on eBay. If they are current market goods or classic stuff .. ie: certain current brand camera lenses, cameras, certain old Minolta glass, etc., classic audio gear... a reasonable buck can be had. Other stuff can move but you may be lucky to get shipp...
by midareff
Sun Aug 24, 2014 8:25 am
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6009

Re: value or small cap tilting vs time to retirement

Interesting question: In my worthless opinion LOL.... since there "can" be long periods of underperformance, there "can" also be long periods of outperformance. All of which seems to say they are not perfectly correlated asset classes. I think all "heads" reasonably und...
by midareff
Sat Aug 23, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: value or small cap tilting vs time to retirement
Replies: 7
Views: 729

Re: Can a Commodities Fund be a Long-Term Investment?

dbr wrote:DBC at an ER of 0.85% would be an example of the difficulty of beating the expenses to own a CCF.


Not to mention the 3% of portfolio having a potential overall impact of about zilch after fees and rebalancing costs.
by midareff
Sat Aug 23, 2014 9:59 am
 
Forum: Investing - Theory, News & General
Topic: Can a Commodities Fund be a Long-Term Investment?
Replies: 45
Views: 2676

Re: Reducing time spent paying bills

Everything that will pay (without fee) to a credit card pays to a 2% back Fido Amex, the rest autopay against checking. I don't have any manual payments. Once a week or so I spend a couple of minutes auditing charges.
by midareff
Thu Aug 21, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1727

Re: Your biggest "Missed Money" event that still kills you?

Erhan wrote:Becoming a boglehead too late...


+1
by midareff
Thu Aug 21, 2014 7:35 am
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 7966

Re: eBay product misrepresented

I wouldn't consider that NWOT. Equitable for me would be to ask the seller to refund you the cost to get the sleeves shortened. +1 Have a good bit of eBay experience as a buyer and seller. NWOT is not an altered garment. eBay, for buyers and sellers is a reputation based marketplace. If the jacket ...
by midareff
Tue Aug 19, 2014 8:18 am
 
Forum: Personal Consumer Issues
Topic: eBay product misrepresented
Replies: 9
Views: 1193

Re: Would you buy these funds that were recommended?

and the advisor thought he had some low hanging fruit.
by midareff
Mon Aug 18, 2014 7:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1483

Re: Bad(?) advice given about Target Date Retirement funds

I find it amazing how many educated professionals I worked with who were clueless about not only investing but their retirement planning as well. If we were talking people with many years to go that would be one thing but this is people just a few years away. Quite scary. I've been asked for advice ...
by midareff
Mon Aug 18, 2014 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6367

Re: What was Underestimated\Overestimated in Retirement

Other than the markets superb performance of the last five years + things are much as anticipated.
by midareff
Sun Aug 17, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4662

Re: Poll for 65+ Seniors

I responded 22 months ago and have since reduced my AA from over 50% equities to 45%. Last 22 months have been a Bill Bernstein "game winner", and my need to take risk has decreased.
by midareff
Sun Aug 17, 2014 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Poll for 65+ Seniors
Replies: 51
Views: 5712

Re: Windows 7 PC?

Suggest you check out a little program called Start8. My Win8 machine has the Start button restored and boots direct to the desktop we know and love from WinXP/7 etc. It's a $4.99 program.
by midareff
Fri Aug 15, 2014 1:41 pm
 
Forum: Personal Consumer Issues
Topic: Windows 7 PC?
Replies: 49
Views: 2420

Re: Any Opinions on Mirrorless Cameras?

I'm hesitant to get involved with yet another soon-to-be-dead-end lens system. 4/3 has been around since the early aughts, and Olympus went to pretty impresive lengths to make their 4/3 lenses work well on their newest m4/3 camera. Going to stop now before I start sounding like a fanboi. I do disag...
by midareff
Fri Aug 15, 2014 9:54 am
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2062

Re: Lifestyle Creep

Interesting post...... 66.5 now and retired 2.5 years. I always had ambitious yearly savings goals and fortunately received promotions and increases in the last career years that enabled some nicer toys and international travel after savings goals were met. It is and was a hard transition for me fro...
by midareff
Fri Aug 15, 2014 9:45 am
 
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 22
Views: 2646

Re: Any Opinions on Mirrorless Cameras?

I used Canon DSLR's for years from the Rebel line to 5DMKII with all L (pro) glass. First the pro gear, then the Rebel line got to be too heavy and cumbersome to travel with. The mirrorless Fuji X Pro 1 offered me equal image quality to the 5DMKII at less than half the weight. Their newer less expe...
by midareff
Fri Aug 15, 2014 9:16 am
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2062

Re: Do you hold cash/money market outside of your emergency

I'm retired so the meaning of an emergency fund may be a bit different. I do keep near a year's cash draw in MM ... about 3% of portfolio is the target. Next stash is in Limited Term Tax-Ex from which I draw monthly. I see it more as a layering of risk, from no risk cash to very low risk LT Muni's a...
by midareff
Thu Aug 14, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 1977

Re: Any Opinions on Mirrorless Cameras?

I used Canon DSLR's for years from the Rebel line to 5DMKII with all L (pro) glass. First the pro gear, then the Rebel line got to be too heavy and cumbersome to travel with. The mirrorless Fuji X Pro 1 offered me equal image quality to the 5DMKII at less than half the weight. Their newer less expen...
by midareff
Thu Aug 14, 2014 9:39 am
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2062

Re: Best Place to Do Research on Orthopedic Surgeons

If you're in a city with professional sports teams, I would try to find out who is repairing those professional rotator cuffs. If that surgeon is not available to you, ask who they would recommend. Short of that, I would find a shoulder expert in a sports medicine practice who does a high volume of...
by midareff
Thu Aug 14, 2014 8:31 am
 
Forum: Personal Consumer Issues
Topic: Best Place to Do Research on Orthopedic Surgeons
Replies: 28
Views: 1714

Re: Need for International Investing ?

Without taking a position for or against..... a review of the 2013 Callan Table shows that the EAFE outperformed the S&P500 in 10 years of the last 20. It seems to me there is a sweet spot in the mix that would be beneficial. Many authors have cited such.
by midareff
Mon Aug 11, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2625

Re: Convince me I can make a dumb (car-related) purchase

awval999 wrote:I don't think the OP can consider leasing because of the large daily commute which will destroy his yearly mileage allowance.

.



Naw, redo the math. They are pretty special vehicles.... hence the first call on the lease.
by midareff
Mon Aug 11, 2014 9:04 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4249

Re: Convince me I can make a dumb (car-related) purchase

Used either C63 series or E63 series AMG Benz. Comfortable, safe and wicked fast. Since they are dropping the 6.3 for a turbo 4.0 it might hold value better than you might think.

You might be able to negotiate a lease with first call option to buy that makes acquiring new quite attractive.
by midareff
Mon Aug 11, 2014 8:21 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4249

Re: What are you doing re charitable giving (money, not time

I marked international although the charity is US based, but delivers services internationally. It is Operation Smile. Wife and I make a 4 figure donation on our b-days. Many years of hard work and savings have made it possible to help others, whose life and family will be greatly impacted by this o...
by midareff
Sun Aug 10, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: What are you doing re charitable giving (money, not time)
Replies: 26
Views: 1527

Re: How Often to Look for Rebalancing Opportunities?

This may help http://www.cfapubs.org/doi/pdf/10.2469/dig.v38.n3.33 This link should let you download the full study. http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&ved=0CB0QFjAA&url=http%3A%2F%2Fwww.tdainstitutional.com%2Fpdf%2FOpportunistic_Reba...
by midareff
Thu Aug 07, 2014 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: How Often to Look for Rebalancing Opportunities?
Replies: 20
Views: 1042

Re: How many Accounts do you log into and how do you manage?

sperry8 wrote:I memorize 1 password for Lastpass. And Lastpass remembers my hundreds of passwords for me. It's the only way to go. If you want even more security, you need to use two factor authorization.


Great free program. I guess about 50 sites and a few secure docs.
by midareff
Wed Aug 06, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 2550

Re: When is a 3.75% load worth it?

I don't like the risk. The fund invests heavily in derivatives. I'd much rather have a fund that owns the common stock or bonds. +1 ... Does well until they guess wrong, then what? This would be play money only for me if I was interested, which I'm not. I'd rather continue to ride VGHAX (Vanguard H...
by midareff
Wed Aug 06, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: When is a 3.75% load worth it?
Replies: 79
Views: 5271

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

On second glance....... over a billion is a big number... population of the earth is maybe 7.5 billion? Deduct a few billion for unconnected folk in China, India, the third world, etc., and a couple billion more for infants, juveniles, the elderly who don't use password sites, etc. Do they have the ...
by midareff
Wed Aug 06, 2014 8:30 am
 
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 7450

Re: "Russan Gang Amasses Over A Billion Stolen Passwords"

At the time of the last big scare, and after reading a bunch of posts here I added LastPass to my collection of IT tools. After watching a security analysis link about it I used it to generate unique 10 and 12 character upper/lower case and numeric passwords for each site that handles money or credi...
by midareff
Wed Aug 06, 2014 8:08 am
 
Forum: Personal Consumer Issues
Topic: "Russan Gang Amasses Over A Billion Stolen Passwords"
Replies: 87
Views: 7450

Re: Why should a portfolio get safer as one ages?

Volatility is a simple reason. Let's suppose you are 75 and living off your portfolio. The market as defined by the S&P500 drops 50% over a six month period. From an effective basis a 100% equity portfolio is now being drawn down twice as fast. An age in bonds portfolio of 25% equities 75& b...
by midareff
Mon Aug 04, 2014 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Why should a portfolio get safer as one ages?
Replies: 30
Views: 2796

Re: Dogs of the Dow ??

I seem to recall the Motley Fool website promoted the Dogs of the Dow for many years. One day they determined it was not the most effective strategy on a risk adjusted basis. Wide ties, narrow ties, pin stripes and solids, pointy toe and rounded.... I just don't follow all that stuff all that closel...
by midareff
Mon Aug 04, 2014 9:06 am
 
Forum: Investing - Theory, News & General
Topic: Dogs of the Dow ??
Replies: 21
Views: 2350

Re: What is your most memorable 1 week vacation?

A great 5-7 day trip is Zion, Bryce, north rim of the Grand Canyon. Great parks, all very unique and different from one another and all easy to drive to. You can throw in another park or two in Utah if you want to, or add a day and night in Vegas if you want to. Substituted Lake Powell for the Nort...
by midareff
Sat Aug 02, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 7650
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