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Re: PenFed Visa Foreign Transaction Fee

Took a Danube River cruise in June. Used the PenFed Visa a few times. No foreign transaction fees. As explained before, the fee is hidden in the exchange rate you get. I know, I travel extensively, but use their AX card. Now, if you try to get cash in a foreign ATM, there is fee. I do not remember ...
by mpt follower
Mon Sep 29, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa Foreign Transaction Fee
Replies: 7
Views: 708

Re: Norwegian Airlines

I am one of those people who tends to avoid flying too much for the usual reasons, particularly the inconveniences, although I do. Without being an alarmist, I am taking an absolute hiatus from flights over the ocean right now as the situation in the world unfolds. I know that there is always somet...
by mpt follower
Mon Sep 29, 2014 10:35 am
 
Forum: Personal Consumer Issues
Topic: Re: Norwegian Airlines
Replies: 22
Views: 1763

Re: R u selling PIMCO bond fund

Pimco is not a one man operation.
by mpt follower
Sun Sep 28, 2014 4:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: R u selling PIMCO bond fund
Replies: 16
Views: 1429

Re: What's Your Takeaway from 2014 High Valuation

Yale chief investment officer, David F. Swensen stated in a recent interview: “Someone once said that diversification protects us from our own ignorance”
by mpt follower
Thu Sep 25, 2014 1:18 am
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4028

Re: Total bond index or 5 yr CD?

How can the fund do either better or worse. It is not actively run, it is passive, rule based, thus an investor that purchases the fund today and reinvest all the dividends should get about the present 30 day SEC yield. Where am I wrong? The outcome from the CD is $11,204.13. It does not depend on ...
by mpt follower
Sun Sep 21, 2014 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Re: Total bond index or 5 yr CD?

$10,000 in the 5-year CD at 2.3% will give back $11,204.13. Why would you not get the CD? Because there is a chance that the bond fund will have a better outcome, i.e. more money, after 5 years than the CD. But it could also have a worse outcome. That's the risk. How can the fund do either better o...
by mpt follower
Sun Sep 21, 2014 8:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Re: Total bond index or 5 yr CD?

The Vanguard Total Bond Index fund has a duration of a bit over 5 years and a 30 day SEC yield slightly below 2%. At the same time, a FDIC insured 5year CD can be purchased with an annual interest of 2.3%. Please educate me, why would you not get the CD? These are two different kinds of investments...
by mpt follower
Sun Sep 21, 2014 7:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Re: Total bond index or 5 yr CD?

Thank you all for the responses. Let me just add that in my 25 years investing for retirement I do not recall having been confronted with this issue. I do consider a complete anomaly that an insured investment instrument, a CD, can compete with the total bond index fund, by nature riskier, even if t...
by mpt follower
Sun Sep 21, 2014 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Re: Total bond index or 5 yr CD?

I would agree would you if you buy CDs directly from the bank, where there is penalties for pulling out before. maturity. But I can get the yield stated above buying a brokared CD from Fidelity, and in this case, if interest rates go up and you want out, I think that you will get similar losses whet...
by mpt follower
Sat Sep 20, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Re: Total bond index or 5 yr CD?

I wouldn't get the CD because I like total bond market index. I believe that it is not only about yield, but also about the change in NAV or if you like: total return. I sell total bond index shares when the NAV goes up in a rebalancing move. If I only want to earn 2.3%, then I buy a short-term bon...
by mpt follower
Sat Sep 20, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Total bond index or 5 yr CD?

The Vanguard Total Bond Index fund has a duration of a bit over 5 years and a 30 day SEC yield slightly below 2%. At the same time, a FDIC insured 5year CD can be purchased with an annual interest of 2.3%.
Please educate me, why would you not get the CD?
by mpt follower
Sat Sep 20, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond index or 5 yr CD?
Replies: 36
Views: 2777

Re: Trip to Greece

I read about your week in Greece. How con one do Greece I such a short time? I always suggest at least 14 days. For the past years I have discovered Europe and vacation exclusively there, trying to do two trips a year. It is an amazingly beautiful continent, and so diverse, so rich in culture. I hav...
by mpt follower
Tue Sep 16, 2014 12:30 am
 
Forum: Personal Consumer Issues
Topic: Trip to Greece
Replies: 10
Views: 713

Re: buying a house in france

A few years ago, when I bought an apartment in Israel, i had Fidelity transfer dollars to a bank in Israel, where I had already negotiated the terms. Fidelity did not charge anything, and with respect to the local bank, I shopped around until I got the best dollar/shekel exchange terms. I am sure yo...
by mpt follower
Sat Sep 06, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: buying a house in france
Replies: 15
Views: 1612

Re: Inflation Protected Annuity versus TIPs ladder

Robert T wrote:.
Bill Bernstein's Ages of the Investor book has a comparison, and a very informative section on this.

Robert
.


Thank you Robert, You right, Bernstein's material is very useful.
by mpt follower
Fri Sep 05, 2014 1:06 am
 
Forum: Investing - Theory, News & General
Topic: Inflation Protected Annuity versus TIPs ladder
Replies: 9
Views: 917

Inflation Protected Annuity versus TIPs ladder

Has anyone done any research comparing the two options to fund retirement: Inflation Protected Annuity versus a TIPs ladder?
by mpt follower
Fri Sep 05, 2014 12:42 am
 
Forum: Investing - Theory, News & General
Topic: Inflation Protected Annuity versus TIPs ladder
Replies: 9
Views: 917

Total world stock or diversification

Question: Has anyone compared the historical after tax performance of owing the total world stock index versus total US stock index plus total International stock index? What seems to be the best approach? My intuition tells me that in a regular taxable account and because of the tax consequences, i...
by mpt follower
Tue Aug 26, 2014 3:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Total world stock or diversification
Replies: 3
Views: 434

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

People with your kind of money do not need to and seldom follow the typical passive portfolios that one would expect from someone building a retirement portfolio. For whatever it is worth, I am not in your league but have enough to follow to not have to worry much about funding retirement. Since I h...
by mpt follower
Sat Aug 23, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 18693

Re: Understanding implications of Shiller CAPE on retirement

You, and also me being of similar age and situation are in trouble!
There is an excellent paper with a graph that so closely relates PE10 and 10 year S&P 500 returns, that it is scary. Check for yourself at http://greenbackd.com/2010/06/15/mebane ... e10-ratio/
by mpt follower
Sat Aug 09, 2014 12:03 pm
 
Forum: Investing - Theory, News & General
Topic: Understanding implications of Shiller CAPE on retirement
Replies: 27
Views: 2435

Re: TIPS Ladder Spreadsheets in General & Two in Particular

The issue is as follows: the TIP ladder that matches my annual needs is not consistent with the [ Required Minimum Distribution (RMD) ] (smaller need)... I'm having trouble following you, Erwin. Are you saying that the annual proceeds from the TIPS ladder would be less than the RMD for some years? ...
by mpt follower
Fri Aug 08, 2014 7:28 am
 
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 48
Views: 5925

Re: TIPS Ladder Spreadsheets in General & Two in Particular

So what I began doing is that I do set my average annual need during the 30 years in this place [ cell B2, "Desired Annual Real Amount" ], but then in the multiplier column, and as needed, I adjust the multiplier number for each year to match as closely as possible my annual requirements....
by mpt follower
Wed Aug 06, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 48
Views: 5925

Re: TIPS Ladder Spreadsheets in General & Two in Particular

As for your contemplated change to a multiplier - I don't know all of the reasons why you are considering this but I rather like your current "years to cover" feature. I liked the "Years to Cover" column also, MB. But replacing it with a "Multiplier" column makes the s...
by mpt follower
Tue Aug 05, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 48
Views: 5925

Re: All money in TIPs??

I just turned 66 and my wife is 62. Can I ask you to rework your ideas given this new data?? thank you You are each younger than I guessed since you have both been retired for 10 years. That's why in my previous post, I suggested you consider initially building a TIPS ladder only out to 2029 and th...
by mpt follower
Mon Aug 04, 2014 11:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3032

Re: TIPS Ladder Spreadsheets in General & Two in Particular

While I am at it, just fyi as a usage case.... to best meet my needs, I reordered the ladder from earliest to latest to mature, and then added a birthdate input in $B$2 and an age column with formula that depends on $B$2 and column O. Thanks again for the excellent work. MB http://i57.tinypic.com/t...
by mpt follower
Sun Aug 03, 2014 3:21 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 48
Views: 5925

Re: All money in TIPs??

My wife and I have been retired for 10 years … Yes, but how old are you? This is relevant in determining the longest maturities it makes sense to buy. For example, if you are each over age 70, I wouldn't suggest buying bonds that mature in 30 years. Now my question: if you were my adviser, would yo...
by mpt follower
Sat Aug 02, 2014 2:32 am
 
Forum: Investing - Help with Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3032

Re: All money in TIPs??

Good stuff!
Thank you all.
by mpt follower
Fri Aug 01, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3032

Re: All money in TIPs??

On paper you would be good candidate for a SPIA. I may not have explained my situation well. The reason that I am thinking about a TIPs ladder because it seems to me to be a very adequate retirement strategy. There are people like Zvi Bodie's (http://www.zvibodie.com) from Boston U that feel strong...
by mpt follower
Fri Aug 01, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3032

All money in TIPs??

My wife and I have been retired for 10 years and live very comfortable. Our portfolio is about 25% in a World stock Index (ACWI), 65% in 4 intermediate term total return bond funds, and 10% cash/short term bond funds. Since we live out of SS plus savings, the 10% gets replenished after depletion. My...
by mpt follower
Fri Aug 01, 2014 1:35 am
 
Forum: Investing - Help with Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3032

Re: PE10

Well I have followed PE10 for more than 15 years, and I never used it in the way you or the author are describing. Assume an average PE10 of 16. I assume between PE10 of 12 and 20 PE10 tells me absolutely nothing. Below 12 I get excited to buy stocks. Above PE10 20 I get nervous. Above PE10 25 I de...
by mpt follower
Wed Jul 30, 2014 11:52 pm
 
Forum: Investing - Theory, News & General
Topic: PE10
Replies: 13
Views: 1374

Re: Was ready to pull plug on Janus..until

Not sure if you're being sarcastic, but here you are. JANEX JANIX JANRX JNRFX JNGTX JNTFX JNMCX JNOSX The closest Vanguard Index fund comparison to JANEX is VMGMX. JANEX YTD performance is 4.97% VMGMX YTD performance is 6.81% The closest Vanguard Index fund comparison to JANIX is VSGAX. JANIX YTD p...
by mpt follower
Wed Jul 30, 2014 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4093

Re: TIPS Ladder Spreadsheets in General & Two in Particular

Not criticizing, just asking: Is +0.4% a good deal? It's better than the -0.1% average yield for the 1+ index of all TIPS maturing in more than one year. (See yesterday's update to my thread, Consistent Yield & Duration to Help Choose TIPS Fund .) * However, it's not a good deal when compared t...
by mpt follower
Sat Jul 26, 2014 11:03 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 48
Views: 5925

Re: TIPS Ladder Spreadsheets in General & Two in Particular

I've just updated my spreadsheet to include all four TIPS issued in 2014 and to use prices from the WSJ as of 7/25/2014 . Based on these prices a 30 year X $30,000 ladder can be built for about $828,000 with a weighted average yield-to-maturity of +0.4%. For the link to download the updated spreads...
by mpt follower
Sat Jul 26, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: TIPS Ladder Spreadsheets in General & Two in Particular
Replies: 48
Views: 5925

Re: Faber: S&P 500 an Active Fund in Drag

What Faber should have said is that the S&P 500 index, like all passive indices, is "rule based".
by mpt follower
Sun Jul 20, 2014 12:24 am
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3640

Re: Should non-US investors buy US-listed REITS?

Withholding and taxes are NOT the same thing. Review if there is a tax treaties between your country of residence and the US before coming to a conclusion. Further, even if there is not, the taxes inflicted to you in the US can be less that the withholding. I suggest that you check with a CPA in you...
by mpt follower
Fri Jul 18, 2014 8:39 am
 
Forum: Investing - Theory, News & General
Topic: Should non-US investors buy US-listed REITS?
Replies: 41
Views: 2990

Re: [Poll] Are you more risk averse than average?

Endless discussions and write ups have pointed to a portfolio that holds about 20% bonds to be less risky and have higher performance. Markowitz did not get the Nobel Prize for nothing! I suggest that you review your knowledge on Modern Portfolio Theory. The theory is based on diversification benef...
by mpt follower
Tue Jul 15, 2014 9:29 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2781

Re: [Poll] Are you more risk averse than average?

Endless discussions and write ups have pointed to a portfolio that holds about 20% bonds to be less risky and have higher performance. Markowitz did not get the Nobel Prize for nothing! Can you link a post or write up showing that holding 20% bonds can reduce risk and increase performance? I want t...
by mpt follower
Tue Jul 15, 2014 1:42 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2781

Re: [Poll] Are you more risk averse than average?

Endless discussions and write ups have pointed to a portfolio that holds about 20% bonds to be less risky and have higher performance. Markowitz did not get the Nobel Prize for nothing! Can you link a post or write up showing that holding 20% bonds can reduce risk and increase performance? I want t...
by mpt follower
Mon Jul 14, 2014 10:15 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2781

Re: Question Regarding Foreign Assets and Estates

This is a lawyer's question. Some countries have tax treats with the US and it can get very complicated. The best is to go to a lawyer that deals with international taxes in the country where your patents have the assets and make sure that he/she is also fully verse with the US tax laws.
by mpt follower
Mon Jul 14, 2014 2:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Question Regarding Foreign Assets and Estates
Replies: 1
Views: 364

Re: [Poll] Are you more risk averse than average?

The poll question in title is not accurate because of the title restriction. The actual poll is "Do you consider yourself more risk averse than average investors?" Of course, this is a very subjective poll because the poll is asking your perception. It's not asking what your ARA or RRA is...
by mpt follower
Mon Jul 14, 2014 12:18 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2781

Re: Is an expense ratio of 1.07 MUCH better than 1.22?

First pick the allocation, they worry about the tools you use to accomplish it. At your age, if you can withstand the risk, 70% stocks is about right, and 50% seems too low. It can have a HUGE impact on your portfolio long term growth. Now, neither 1.22 nor 1.07 ER is good, does your employer not of...
by mpt follower
Fri Jul 04, 2014 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is an expense ratio of 1.07 MUCH better than 1.22?
Replies: 7
Views: 909

Re: Bond Portfolio via ETFs

Gecko10x wrote:I don't like high yield. I also can't recall Swedroe, Ferri, or Bernstein recommending it either.


Ferri does. His recommendation is 40% each total bond and Tips and 20% junk
by mpt follower
Wed Jun 25, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Bond Portfolio via ETFs
Replies: 4
Views: 434

Re: Bond Portfolio via ETFs

I invest in the same fund for years, thus it seems that in the long run it would make any difference. Good point anyway, thank you.
by mpt follower
Wed Jun 25, 2014 5:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Bond Portfolio via ETFs
Replies: 4
Views: 434

Bond Portfolio via ETFs

Bond Portfolio for a Retiree As an alternative to my active portfolio, 40% in Pimco Income (PIMIX) and 40% in Metropolitan West Total Return (discussed in a previous post), plus 15% in cash, I conducted some research in an attempt to arrive at at a "bogleheads" bond portfolio. I reviewed ...
by mpt follower
Wed Jun 25, 2014 2:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Bond Portfolio via ETFs
Replies: 4
Views: 434

Vanguard TIPs or Vanguard short term TIPs

What TIPs fund in the bond portfolio? Given today's environment, is it the standard regular, about 8 year duration or the short term, 3.5 year duration?
by mpt follower
Tue Jun 24, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPs or Vanguard short term TIPs
Replies: 5
Views: 396

Re: A day in Dachau?

And yet racism is still very prevailing specially in Europe.
by mpt follower
Mon Jun 23, 2014 1:18 am
 
Forum: Personal Consumer Issues
Topic: A day in Dachau?
Replies: 38
Views: 2806

Re: Torn between active and passive bond funds

Good discussion here. I think why investors use bond index funds such as Vanguard Total Bond Market Fund (VBMFX) is because they use it as a proxy for safe assets. Of course, we know that VBMFX is not really risk-free but it's a proxy with low ER of 0.20% (not significantly higher than VTSMX). If y...
by mpt follower
Sat Jun 21, 2014 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Torn between active and passive bond funds
Replies: 16
Views: 1359

Re: Torn between active and passive bond funds

If you want a treasury, TIPS or GSE MBS fund then stay indexed and low cost. In terms of rising rates there is no reason to think that bond managers are better than equity manager at timing the market. The expectation of higher rates is built into the steep yield curve. If you think 10y yields are ...
by mpt follower
Sat Jun 21, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Torn between active and passive bond funds
Replies: 16
Views: 1359

Torn between active and passive bond funds

Dear all, For already 30 years, my equity has been allocated to index funds. I have no doubt, have seen the data, and I am very comfortable. However, I am struggling when it comes to bonds. I have owned Pimco Income (PIMIX) and Metropolitan West Total Return (MWTRX) for many years, since I began sen...
by mpt follower
Sat Jun 21, 2014 2:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Torn between active and passive bond funds
Replies: 16
Views: 1359

Re: Any other retirees moving money out of Vanguard?

Although all my equity portfolio (25%) is in passive ETFs, I have opted to go active on bonds. I feel that we are going through transition times which may command some active intervention, and with the other 75% I have built a fixed income portfolio of about 15% in ultra short bonds (which along wi...
by mpt follower
Fri Jun 20, 2014 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6282

Re: Any other retirees moving money out of Vanguard?

Although all my equity portfolio (25%) is in passive ETFs, I have opted to go active on bonds. I feel that we are going through transition times which may command some active intervention, and with the other 75% I have built a fixed income portfolio of about 15% in ultra short bonds (which along wit...
by mpt follower
Fri Jun 20, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6282
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