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by midareff
Mon May 25, 2015 5:36 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 50
Views: 3145

Re: Why government bonds at all?

Whether you look at investment grade SEC or distribution yields it is what it is, treasuries to corporates of similar duration. True, but you should also consider what the default rate on corporates would be in say a depression or even a brutal and protracted recession. You may be waiting quite a w...
by midareff
Mon May 25, 2015 3:28 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 50
Views: 3145

Re: Why government bonds at all?

OTOH, someone using 5% total AA balance bands and a 60/40 portfolio would have seen (from the 10/12/07 peak) would have seen S&P500 10% declines (5% portfolio AA shift) triggering a rebalance 6 times, possibly 7 before absolute bottom. This would have consumed their bond portfolio, or what they...
by midareff
Mon May 25, 2015 11:22 am
Forum: Personal Consumer Issues
Topic: Just bought new car, should I buy extended warranty?
Replies: 29
Views: 1097

Re: Just bought new car, should I buy extended warranty?

I never buy extended warranties, so essentially I self-insure. - I assume that if they are selling this product, then they are making money on it. - Things usually break when they are new (a defect) or old (falling apart). You would be covering the period when it is less likely for something to hap...
by midareff
Mon May 25, 2015 11:11 am
Forum: Investing - Theory, News & General
Topic: "Does Your Fund Manager Consistently Beat the Stock Market?"
Replies: 31
Views: 2213

Re: "Does Your Fund Manager Consistently Beat the Stock Market?"

Thank you very much for the response. I suggest you put VDIGX into M* and hit maximum. It will bring you a 23 year history showing a $10K investment in VDIGX resulted in $63,802 today vs. $81,712 for the S&P and $79,866 for the Vanguard VFINX 500 fund after expenses. If you want to cherry pick ...
by midareff
Mon May 25, 2015 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Ally Savings and MMA
Replies: 18
Views: 2152

Re: Ally Savings and MMA

Ally MM also offers checks. Savings does not.
by midareff
Mon May 25, 2015 9:41 am
Forum: Investing - Theory, News & General
Topic: "Does Your Fund Manager Consistently Beat the Stock Market?"
Replies: 31
Views: 2213

Re: "Does Your Fund Manager Consistently Beat the Stock Market?"

Taylor, Thanks for the article. As I read it, in the passive-active debate, this article is more favorable to the active side. Title: Does Your Fund Manager Consistently Beat the Stock Market? Conclusion (subtitle): Probably not--but you shouldn't much care. http://news.morningstar.com/articlenet/a...
by midareff
Mon May 25, 2015 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Dispute a credit card payment or not
Replies: 19
Views: 1384

Re: Disput a credit card payment or not

[I don't think you have a valid protest... the deal expired, unexercised. I believe this protest would be futile. Just to be clear Dell never said the deal expired on the 23 until after they had taken orders on the 24th under this deal and then apparently decided they would not honor them. As far a...
by midareff
Mon May 25, 2015 8:05 am
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 50
Views: 3145

Re: Why government bonds at all?

Because they do really well during market crashes, or sharp sell offs. Treasuries are the one thing that didn't drop for me, but roose up nicely do to market demands. I was taught to keep the risk on the equity side of investments, and not the fixed income side. CDs, Treasuries. Out of curiosity, d...
by midareff
Sun May 24, 2015 3:57 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 50
Views: 3145

Re: Why government bonds at all?

Because they do really well during market crashes, or sharp sell offs. Treasuries are the one thing that didn't drop for me, but roose up nicely do to market demands. I was taught to keep the risk on the equity side of investments, and not the fixed income side. CDs, Treasuries. Out of curiosity, d...
by midareff
Sun May 24, 2015 3:51 pm
Forum: Personal Consumer Issues
Topic: Essential Security Computer Programs
Replies: 11
Views: 951

Re: Essential Security Computer Programs

I used AVG free for years successfully and relatively recently added Malwarebytes Free. Over the last two months or so I came to the conclusion that I would prefer real time protection and upgraded both to real time versions. the AVG is called Internet Security and the Malwarebytes is the Premium. A...
by midareff
Sun May 24, 2015 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute a credit card payment or not
Replies: 19
Views: 1384

Re: Disput a credit card payment or not

Hey everyone, I've never disputed a credit card payment before, and I'm wondering if it's worth it in the scenario I'm about to outline. Dell had a promotion on a Playstation 4 system bundle where you were supposed to get a 100 dollar dell egift card with purchase. I spent 400 dollars on the Playst...
by midareff
Sun May 24, 2015 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Citi Double Cash Card
Replies: 33
Views: 3933

Re: Question about Citi Double Cash Card

INTRESIS wrote:Is it true that if you pay off your entire balance right away every month, you won't get the full 2% cash back?


Not true from personal experience.
by midareff
Sun May 24, 2015 3:39 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 50
Views: 3145

Re: Why government bonds at all?

Quote 'Nisiprius': "As for what a young person should do within a balanced portfolio that includes stocks, I think the question is "how much of the portfolio should be in something relatively low-risk?" I just can't believe that an investor who is 50% stocks is ever going to notice th...
by midareff
Sun May 24, 2015 8:56 am
Forum: Personal Consumer Issues
Topic: Viking river Cruise - Budapest to Nuremberg
Replies: 11
Views: 1452

Re: Viking river Cruise - Budapest to Nuremberg

Hi forum friends: Well my father and stepmom finally took my advice and surprised me greatly. They called to tell me they decided to take a river cruise. It shocked me but I'm delighted. I was trying to get them to do something they would enjoy or even travel 400 miles to see family. And they seeme...
by midareff
Sun May 24, 2015 8:35 am
Forum: Personal Consumer Issues
Topic: Recommend Anti-Virus/Internet Security Suite Please
Replies: 7
Views: 584

Re: Recommend Anti-Virus/Internet Security Suite Please

Malwarebytes Anti-malware free is good but works as a scanner when asked, the premium (paid) operates real time. I believe AVG Free is a good anti-virus and the Internet Security version (paid) includes a firewall. I run both premium (paid) on three home units from Win 7, Win 8 and Win 8.1. I am pre...
by midareff
Sun May 24, 2015 7:59 am
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 50
Views: 3145

Re: Why government bonds at all?

he relative performance of the mostly-corporate Vanguard Intermediate-Term Investment Grade bond fund (blue) and the Vanguard Intermediate-Term Treasury bond fund (orange) during 2008-2009 shows that pragmatic capitalists had more confidence in the Treasury than in corporations to pay their bills w...
by midareff
Sat May 23, 2015 8:52 am
Forum: Personal Consumer Issues
Topic: Acceptance of 'prize' when employer pays for function?
Replies: 8
Views: 1375

Re: Acceptance of 'prize' when employer pays for function?

My former employer had strict rules with zero tolerance which prohibited employees receiving gratuities in any form, from a meal to any gift as well as reporting regulations. I was at an exhibition that included a paid meal per diem as well as hotel and travel, and won a prize in a business card dra...
by midareff
Sat May 23, 2015 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Investing after Retirement
Replies: 10
Views: 1221

Re: Investing after Retirement

I am 64 years old and am going to retire in 3 months. I have no debt (own all my cars, home, etc.). I will have $3,200 (pre-tax) coming in each month from a pension and about $3,500 from Social Security (combined with my wife) at age 66. I also have a 401K with $110,000 and $90,000 in savings. I am...
by midareff
Sat May 23, 2015 8:24 am
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6641

Re: Bill Gross Thinks the End Is Near

Eventually he will be right to a greater or lesser extent. I suppose if you make a call and stick by it year after year it may come true and you can say you were the first to call it.
by midareff
Sat May 23, 2015 8:21 am
Forum: Investing - Theory, News & General
Topic: Different funds
Replies: 10
Views: 688

Re: Different funds

If Vanguard failed, or Fidelity/Schwab for that matter the repercussions in the world would be severe enough that nothing besides treasuries might be safe, and possibly not them either. As the writer stated, he has his at VG and so do I except for a small Roth at Fidelity. Having the eggs in one bas...
by midareff
Sat May 23, 2015 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Paying for Part D Medicare
Replies: 4
Views: 414

Re: Paying for Part D Medicare

I investigated switching this year but didn't. I was advised that enrolling at a different plan automatically cancelled the existing... don't know that I would trust that and I would call the plan I was leaving to advise of cancellation noting date, time and name of the agent taking the call.
by midareff
Sat May 23, 2015 7:18 am
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 6641

Re: Bill Gross Thinks the End Is Near

Call_Me_Op wrote:noise



a useless "+1"
by midareff
Fri May 22, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Might sell house to a friend. What is fair?
Replies: 30
Views: 2015

Re: Might sell house to a friend. What is fair?

I think I'd average the fair market sale price estimates (not the suggested asking) and deduct the standard agent commission. That would be your sale net $. If you want to deduct a couple of $K's for not having to list, or friendship, so be it. Before I came up with a number though I'd show them the...
by midareff
Fri May 22, 2015 9:12 am
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 37
Views: 2265

Re: What if the US stock market was only 25% of the world by market cap?

Seems like you are talking about the aftermath of a 50% or so decline in US equities comparative to those of the world. Smells like an opportunity to me. So are you buying Japanese stocks today? After all they have had a decline like that since 1990. Or how about UK stocks since they are drasticall...
by midareff
Thu May 21, 2015 5:04 pm
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 37
Views: 2265

Re: What if the US stock market was only 25% of the world by market cap?

Seems like you are talking about the aftermath of a 50% or so decline in US equities comparative to those of the world. Smells like an opportunity to me.
by midareff
Thu May 21, 2015 4:56 pm
Forum: Personal Consumer Issues
Topic: Recommendations on digital camera and video camera
Replies: 11
Views: 332

Re: Recommendations on digital camera and video camera

To livesoft's point - point and shoot digital cameras have been widely replaced by smartphones. The Galaxy S5/S6 and latest iPhones rival recent point and shoot digital cameras. DSLRs have really come down in price with lower-priced entry models for everyday shooter AND they now nearly all include ...
by midareff
Thu May 21, 2015 4:40 pm
Forum: Personal Consumer Issues
Topic: Recommendations on digital camera and video camera
Replies: 11
Views: 332

Re: Recommendations on digital camera and video camera

The best website for digital cameras is dpreview.com. Most digital cameras these days are incredibly competent for photo and video, even the pocket sized ones. My first digital camera was in 1998 and the advances to today are mind boggling. If you can supply a price range and general style, pocketab...
by midareff
Thu May 21, 2015 4:20 pm
Forum: Personal Consumer Issues
Topic: Malwarebytes Anti-Exploit
Replies: 17
Views: 1601

Re: Malwarebytes Anti-Exploit

leehsm wrote:Can I use malwarebytes and/ or anti exploit on IPad and IPhone? Or are they not necessary?


We use AVG Free on tablets and phones.
by midareff
Thu May 21, 2015 4:20 pm
Forum: Personal Consumer Issues
Topic: Malwarebytes Anti-Exploit
Replies: 17
Views: 1601

Re: Malwarebytes Anti-Exploit

Spybot? Wow! I didn't know that was still around. I dumped it years ago when I went to Malwarebytes and SUPERAntiSpyware. Maybe I'll give it another try. Does it still run as long as it used to? I have never found run time cumbersome (high capacity boxes set up for mass photo processing) but it alm...
by midareff
Thu May 21, 2015 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Penfed 0.99% auto loan
Replies: 20
Views: 1254

Re: Penfed 0.99% auto loan

Penfed has a sale on their 4 year new (2014-15) car auto loan at 0.99% through Memorial Day. Interesting, the 3 year term is still 1.49%. Not a member of Penfed but I have heard they are strict in their lending decisions. What credit score is needed for that rate? Would they allow cash out refinanc...
by midareff
Thu May 21, 2015 12:32 pm
Forum: Investing - Theory, News & General
Topic: Too late to invest in Health Care Fund?
Replies: 56
Views: 4465

Re: Too late to invest in Health Care Fund?

Where can someone view long term performance of the health and biotech sectors compared to market especially portfolio growth? Go to M* and enter VGHAX. When you get the chart click maximum, it will show you the last 31 years. Thanks, I hadn't seen the Maximum button there. I've calculated the rate...
by midareff
Thu May 21, 2015 12:19 pm
Forum: Investing - Theory, News & General
Topic: Too late to invest in Health Care Fund?
Replies: 56
Views: 4465

Re: Too late to invest in Health Care Fund?

Reminds me of the Motley Fool's Dogs of the Dow approach. It was a winning approach up until they discovered it wasn't on a risk adjusted basis and moved on to other things. It's funny with individual stocks, the risk-return tends to maintain until you get right to the very cheapest, then it looks ...
by midareff
Thu May 21, 2015 8:40 am
Forum: Investing - Theory, News & General
Topic: Too late to invest in Health Care Fund?
Replies: 56
Views: 4465

Re: Too late to invest in Health Care Fund?

Well this is where I think Efficient Market Hypothesis is really difficult to argue with .. In a reasonably efficient market, traders will know what's happening in the healthcare sector hours, even days, before the information's public - while fund managers will be assessing prospects and valuation...
by midareff
Thu May 21, 2015 8:37 am
Forum: Investing - Theory, News & General
Topic: Too late to invest in Health Care Fund?
Replies: 56
Views: 4465

Re: Too late to invest in Health Care Fund?

A slice of VGHAX is in my holdings and has been for a few years. It owns 87 stocks spread across the health care spectrum with an emphasis on Biotech and Pharma. I owned it (disclosure: slice & dicer) before Obamacare added millions to the health networks, insurance companies, etc. I see health ...
by midareff
Thu May 21, 2015 8:20 am
Forum: Investing - Theory, News & General
Topic: Too late to invest in Health Care Fund?
Replies: 56
Views: 4465

Re: Too late to invest in Health Care Fund?

freelittlebirds wrote:Where can someone view long term performance of the health and biotech sectors compared to market especially portfolio growth?



Go to M* and enter VGHAX. When you get the chart click maximum, it will show you the last 31 years.
by midareff
Thu May 21, 2015 8:16 am
Forum: Investing - Theory, News & General
Topic: Not your father's Total Bond Market Fund anymore
Replies: 60
Views: 6538

Re: Not your father's Total Bond Market Fund anymore

Good thought provoking question doc. I guess you deleted the second M* benchmark, the one VG stipulates is it's benchmark, for additional thought stimulation.
by midareff
Thu May 21, 2015 8:02 am
Forum: Personal Consumer Issues
Topic: Firestone A/C Repair
Replies: 10
Views: 584

Re: Firestone A/C Repair

just an echo here..... not Firestone.
by midareff
Wed May 20, 2015 7:57 am
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 117
Views: 8282

Re: What's so great about simplicity?

Whenever the subject on international investing comes up, I always quote and recommend the book Common Sense on Mutual Funds by John Bogle. Quite simply the best I read on why you can do well without it. Now that this topic came up, and I just read the best chapter on the subject I will probably ev...
by midareff
Tue May 19, 2015 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Keeping long term bonds
Replies: 4
Views: 438

Re: Keeping long term bonds

On maturity day they are worth face only so that "profit" amount will vanish assuming it isn't composed of undistributed dividends. Wiser sources than I seem to think it's tough to go broke making and taking a profit. On the math side, amortize that "profit" premium over the bond...
by midareff
Tue May 19, 2015 10:20 am
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 117
Views: 8282

Re: What's so great about simplicity?

Whenever the subject on international investing comes up, I always quote and recommend the book Common Sense on Mutual Funds by John Bogle. Quite simply the best I read on why you can do well without it. Now that this topic came up, and I just read the best chapter on the subject I will probably ev...
by midareff
Tue May 19, 2015 9:59 am
Forum: Personal Consumer Issues
Topic: Malwarebytes Anti-Exploit
Replies: 17
Views: 1601

Re: Malwarebytes Anti-Exploit

I used to use the free version and changed to the premium. Same with AVG anti-virus. They work fine together and we have them on my and my wife's computers. I think the primary difference is they run real time vs. just when asked to scan. I've always run them but recently upgraded from an abundance ...
by midareff
Tue May 19, 2015 8:32 am
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 117
Views: 8282

Re: What's so great about simplicity?

I slice and dice across taxable, IRA and a Roth. After working with excel for much of my career setting up portfolio tracking with detail was easy. Besides the total market there is domestic small value, international small cap, REIT's, muni bonds, sectors, short term bonds ... if diversifying is go...
by midareff
Mon May 18, 2015 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Any ContraFund Fans Here?
Replies: 7
Views: 604

Re: Any ContraFund Fans Here?

Used to own it in my actively managed fund period. Danoff has done well over a very long time period. Reminds me of Bill Miller at Legg Mason Value Trust who also did very well over an extended time period, until he didn't.
by midareff
Mon May 18, 2015 10:32 am
Forum: Investing - Theory, News & General
Topic: Benchmarking - Do you and what is your reference?
Replies: 13
Views: 736

Benchmarking - Do you and what is your reference?

I'm benchmarking my portfolio performance using M* data for YTD, 12 month, 3 year, 5 year and 10 year performance. S&P500 in the same percentage as portfolio equities, Total Bond Market in the same percentage as portfolio bonds and same/same cash. AA has remained within reason constant over the ...
by midareff
Mon May 18, 2015 8:38 am
Forum: Investing - Help with Personal Investments
Topic: What do I do with my muni bond fund interest?
Replies: 9
Views: 826

Re: What do I do with my muni bond fund interest?

Sounds like you think you can successfully time interest rates and bond NAV changes despite all evidence against timing. Bond NAV's have been falling (for the most part) over the last 12 months and might, or might not, continue to do so. You might be better off using the money to buy CD's which can'...
by midareff
Sun May 17, 2015 9:09 am
Forum: Personal Consumer Issues
Topic: Keep underground storm cellar (in Florida)?
Replies: 26
Views: 1129

Re: Keep underground storm cellar (in Florida)?

My guess is a radiation/nuclear bomb fall-out shelter which was a popular add on in the Cuban missile crisis days. Since hurricanes can easily dump a foot of water or more underground is the last place I would want to be, or have any valuable stuff stored. I'd make sure it is securely locked up to n...
by midareff
Sun May 17, 2015 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Determining Cost Basis
Replies: 6
Views: 316

Re: Determining Cost Basis

If the funds are at Vanguard you can get your capital gain or loss exposure right from their website. If not at Vanguard any brokerage house that has the fund should have a record that gives you the numbers.
by midareff
Sun May 17, 2015 8:53 am
Forum: Personal Consumer Issues
Topic: How do I get best deal on trade in?
Replies: 14
Views: 1465

Re: How do I get best deal on trade in?

I'd recommend you visit you local CarMax and get a buy quote from them. Now you know the minimum you will take. From the Blue Book and other on line sources you should be able to determine how much you would have to pay if you were buying your car (the one you are trading/selling) and how much above...
by midareff
Sun May 17, 2015 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance for Florida Condo High Rise?
Replies: 11
Views: 1087

Re: Flood Insurance for Florida Condo High Rise?

Makes no sense to me and I'm the third floor 40 feet from Biscayne Bay. If a 25 foot plus storm surge characterized by a Category 5 direct hit comes through here some carpeting and wall board will be the least of the problems. Windstorm on the other hand does make some sense and isn't very expensive.
by midareff
Sat May 16, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Funding / accounting for big purchases in retirement
Replies: 3
Views: 306

Re: Funding / accounting for big purchases in retirement

Similar in keeping $15K to $30K in an Ally savings account. Add about $3K a month and when we can afford it take a trip. Just paid for one coming up in July/August so am near the bottom again.

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