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by mptfan
Sun May 03, 2015 6:21 am
Forum: Investing - Theory, News & General
Topic: How Index Funds Exercise Their Clout
Replies: 9
Views: 1017

Re: How Index Funds Exercise Their Clout

HI: Here is a counter-argument from an active manager: ... while ordinary investors, distracted by ‘low fee’ hype, are subjected to dangerous risk concentrations in their retirement portfolios.” I cannot take a financial author seriously who regards low fees as "hype." Perhaps he is conce...
by mptfan
Sat May 02, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Questions about buying house process
Replies: 16
Views: 922

Re: Questions about buying house process

AQ wrote:To my dismay, if a seller doesn't turn over the house on the closing day, the title company won't do anything and won't take responsibility for it.

What would you expect the title company to do?
by mptfan
Sat May 02, 2015 10:25 am
Forum: Personal Consumer Issues
Topic: Best Chromebook 2015
Replies: 16
Views: 1024

Re: Best Chromebook 2015

I am a big fan of Chromebooks. I agree wholeheartedly. I have been using a Chromebook as my primary home computer now for a year and I love it. I don't use Microsoft Windows anymore unless I have to, like at work. No viruses. No constant updates of various programs like Adobe or Flash or Virus chec...
by mptfan
Fri May 01, 2015 4:07 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5478

Re: US stocks returned "just 0.6%" 1915-1982

randomguy wrote:Those are nominal returns. The ones I quoted were real

Assuming an average annual inflation rate of between 3 and 3.5%, our numbers match up.
by mptfan
Thu Apr 30, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5478

Re: US stocks returned "just 0.6%" 1915-1982

gives 1915-1982 gives Avg 8.39 CAGR 6.12 My analysis of the annual total returns of the U.S. stock market using the annual data provided by the Money Chimp site, and using the S&P 500 total return data for more recent years, shows that in the 70 years between 1912 and 1982, the market return wa...
by mptfan
Thu Apr 30, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance About New Spouse's IRS Issues
Replies: 47
Views: 2716

Re: Guidance About New Spouse's IRS Issues

nfs wrote:Honestly, had we known about this issue before getting married, we probably wouldn't have gotten married on paper ...

Is there a different way to get married?
by mptfan
Thu Apr 30, 2015 12:37 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5478

Re: US stocks returned "just 0.6%" 1915-1982

A technical point maybe, but several posters on this thread have used geometric mean or compound annual growth rate and called it average. The article in question never stated anything but price and average that I can see. The word "average" includes different types of averages...mean (in...
by mptfan
Thu Apr 30, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Spendy spouse
Replies: 110
Views: 10235

Re: Spendy spouse

I would like to write about my situation. I am divorced and 56 years old dating a woman for 3 years who is divorced also but is currently receiving alimony for the next 3 years. She spends more than she makes and what she gets in alimony out of inheritance money she got. Has more clothes and jewelr...
by mptfan
Thu Apr 30, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Spendy spouse
Replies: 110
Views: 10235

Re: Spendy spouse

No matter how modest your lifestyle is, you still utilize basic government services like the military, the police, roads, the post office, and so forth. In my state, the police and roads are paid for by property taxes paid to the county, not income taxes paid to the federal government, and every pr...
by mptfan
Wed Apr 29, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5478

Re: US stocks returned "just 0.6%" 1915-1984

If you go the base data, reinvested dividends are part of the total return and thus part of the .6% I really thought you learned the error of your assertions, but here we go again...what data are you referring to? Let me guess, it's proprietary, right? :oops: Please stop posting incorrect statement...
by mptfan
Wed Apr 29, 2015 3:21 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5478

Re: US stocks returned "just 0.6%" 1915-1984

Among the reasons why his article is misleading....he is apparently citing real returns and comparing them to nominal returns. That's either incompetent or intentionally deceptive. Also, his conclusion that most of the return of the stock market has come since 1982 is just factually wrong. The 50 ye...
by mptfan
Wed Apr 29, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: lost a bid for questionable practice of seller's agent
Replies: 28
Views: 3247

Re: lost a bid for questionable practice of seller's agent

If I were in your situation and believed I had a stronger offer, I would go directly to the seller (not the seller's agent) with an offer immediately. Haha. I did this once and was called by my agent who said, "The seller's agent called and ordered me to 'control my buyer.'" It's a sleezy...
by mptfan
Tue Apr 28, 2015 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

House Blend, Thank you for that clarification and correction, you are right it is even better than I thought! Assuming I am in the 25% marginal tax bracket, a reduction of $3,000 in ordinary income saves me $750, while $3,000 of qualified dividends would only cost me $450 in taxes! (.15 x 3,000) Wow...
by mptfan
Tue Apr 28, 2015 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

Quick question on fund selection for TLH - do any of you split up broad indexes into equivalent components to maximize TLH opportunities? For example, instead of holding TSM you break it into individual segments that roughly reflect TSM? I haven't done it yet, but my plan is to put the most volatil...
by mptfan
Tue Apr 28, 2015 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

The problem (if you can consider it that) is when one is constantly adding money to taxable every month there are not many opportunities to TLH as one is always in a situation of wash sale rule, i.e. buying security 30 days prior to sale at loss. I thought about this, and the related issue of keepi...
by mptfan
Tue Apr 28, 2015 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

Thank you livesoft. I know you already know this, but for the benefit of others reading this thread, there is yet another benefit of regular investment accounts... 6. The beneficiary of the account after your death gets a "stepped up basis" as of the date of your death, which means they do...
by mptfan
Tue Apr 28, 2015 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

TLH is definitely a more powerful tool than I previously realized. Another psychological benefit that I can see is if the investments in your regular investment account go down in value, instead of being disappointed, you can tell yourself "this is great, I can now do some tax loss harvesting!&...
by mptfan
Tue Apr 28, 2015 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

livesoft and House Blend, Thank you for your insights, I knew that TLH existed, but until now I did not focus on the benefits and how powerful it can be because I was invested exclusively in tax deferred accounts. However, now I can see the potential of TLH to effectively reduce or eliminate taxes i...
by mptfan
Mon Apr 27, 2015 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

I don't have any investments outside of qualified retirement accounts right now, but I am in a position now where I am considering starting to invest in regular taxable accounts, so forgive me if the answers to my questions about TLH are obvious... can you carryover your short term and long term cap...
by mptfan
Mon Apr 27, 2015 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2374

Re: Tax Loss Harvesting: How do you do it in practice?

Livesoft, you said in another thread that you harvest tax losses before they become long term losses, meaning before one year. Can you expand on the reason for that? I understand that short term losses offset short term gains, and since short term gains are taxed at your marginal tax rate, as oppose...
by mptfan
Sun Apr 26, 2015 8:12 am
Forum: Investing - Theory, News & General
Topic: Retirement calculation lies? [Geometric vs. arithmetic mean]
Replies: 49
Views: 5503

Re: Retirement calculation lies? [Geometric vs. arithmetic m

I head on the sound investing podcast that since 1927, the average annual return of the S&P 500 is 11.8% where the annualized compounded rate of return is only 9.8% due to the negative effect of fluctuation already described in this thread. I calculated the arithmetic average and the compound a...
by mptfan
Sat Apr 25, 2015 7:31 am
Forum: Personal Consumer Issues
Topic: My PC is driving me nuts.
Replies: 28
Views: 1938

Re: My PC is driving me nuts.

Get a Chromebook. You will soon realize that you don't need or want to use Windows anymore.
by mptfan
Fri Apr 24, 2015 9:53 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

Can you provide a citation to the numbers that you are using for the S&P 500 total return index? I am getting my numbers from S&P, as in calculated and published by S&P. I can't cite because I am getting my number from S&P via one of their proprietary services. Google is friend. Loo...
by mptfan
Fri Apr 24, 2015 9:09 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

Can you provide a citation to the numbers that you are using for the S&P 500 total return index? I am getting my numbers from S&P, as in calculated and published by S&P. I can't cite because I am getting my number from S&P via one of their proprietary services. I'll take that as a &...
by mptfan
Thu Apr 23, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 7196

Re: Marriage and splitting expenses

lowerleisureclass wrote:We have separate bank/brokerage/business/IRA/401K accounts...

You really don't have a choice when it comes to IRA and 401k accounts, there are no such things as joint IRAs or joint 401ks.
by mptfan
Thu Apr 23, 2015 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and splitting expenses
Replies: 112
Views: 7196

Re: Marriage and splitting expenses

Joint accounts or separate accounts for married couples?

http://www.bogleheads.org/forum/viewtop ... 2&t=149856
by mptfan
Wed Apr 22, 2015 8:09 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

For the S&P 500 Total Return Index, 3769 on 12/31/2014 1622 on 12/31/1994 (3769/1622)^(1/20) = 1.0430 or 4.3% Really? You seem to be the only one getting such low numbers... I put the starting date of December 1994 and the ending date of December 2014 into this S&P 500 total return calculat...
by mptfan
Wed Apr 22, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

This does not feel right. Over the past 20 years, the S&P 500 has had a 9.2% Average Return (the return for any given year. Your numbers are not accurate. Here are the annual returns for the S&P 500 index fund between 1995 and 2014... 2014 13.51% 2013 32.18% 2012 15.82% 2011 1.97% 2010 14.9...
by mptfan
Wed Apr 22, 2015 4:53 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

This does not feel right. Over the past 20 years, the S&P 500 has had a 9.2% Average Return (the return for any given year.) 4.3% Geometric Average Return (The annual return if you held the index for 20 years.) Mind you, these numbers are highly sensitive when you contributed your money. Depend...
by mptfan
Wed Apr 22, 2015 12:06 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

alex_686 wrote:I suspect that your average return of 8% has a much lower geometric average return.

Your suspicion is not correct because I understand the difference between geometric averages and non-geometric average returns, and I am using geometric averages. The non-geometric average projection is higher.
by mptfan
Wed Apr 22, 2015 10:26 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4631

Re: What rate of return do you use when planning for retirem

My current projected rate is 8%, but I have a spreadsheet in which I project each year's return separately, and the number slowly goes down in increments until it gets to 6% in retirement.
by mptfan
Tue Apr 21, 2015 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for GFs school - any way to help myself?
Replies: 76
Views: 4697

Re: Paying for GFs school - any way to help myself?

It is interesting the way gender pays a role in our society. Despite the huge advances in women's equality, there is still an element of distrust in situations like this. Imagine how the board would have reacted if a female was posting that she was doing this for her boyfriend. Many would still loo...
by mptfan
Mon Apr 20, 2015 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 27
Views: 4693

Re: Am I saving too much for retirement?

The answer to your question is no, you are not saving too much. The future is unknown, and it is too early for you too count your retirement savings chickens before they hatch. 1) You can lose your job, get injured, get disabled, get sick, get downsized, or any number of other things can happen to c...
by mptfan
Mon Apr 20, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Paying for GFs school - any way to help myself?
Replies: 76
Views: 4697

Re: Paying for GFs school - any way to help myself?

Your question assumes they can marry where they currently live. Yes, but the assumption does not come from my assumption that they are a heterosexual couple. To the contrary, it comes from the OP's own words... "We *might as well* be married. I am the one delaying that at the moment because of...
by mptfan
Mon Apr 20, 2015 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Paying for GFs school - any way to help myself?
Replies: 76
Views: 4697

Re: Paying for GFs school - any way to help myself?

You shouldn't be surprised at the feedback. So you are committed enough to pay for her education, but not committed enough to marry her? Seems inconsistent. The answers have assumed this is a heterosexual relationship but the OP hasn't made that clear. I did not assume it was a heterosexual relatio...
by mptfan
Mon Apr 20, 2015 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Paying for GFs school - any way to help myself?
Replies: 76
Views: 4697

Re: Paying for GFs school - any way to help myself?

You shouldn't be surprised at the feedback. So you are committed enough to pay for her education, but not committed enough to marry her? Seems inconsistent.
by mptfan
Sun Apr 19, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 50
Views: 6433

Re: Don't come to Europe with a new chip and sign credit car

I was just in Florida for a week, presumably a place with many foreign tourists, and noticed all the shops here had chip readers. I felt a little like I was in Europe. I live in Florida and I can tell you that although there are more chip reader machines now, very few of them actually work to read ...
by mptfan
Sat Apr 18, 2015 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Debt Free...Now What?
Replies: 16
Views: 2585

Re: Debt Free...Now What?

First, congratulations on paying off all of that debt, that is a great accomplishment and you should be proud. However, the title of your thread is misleading because you are not debt free... you still have debt in the form of a mortgage. Depending on the interest rate of your mortgage, and whether ...
by mptfan
Sat Apr 18, 2015 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Father can no longer sign his name. Looking for solutions.
Replies: 23
Views: 2276

Re: How do you sign a document when you are POA for someone?

If the father is mentally competent a power of attorney is not needed and may not be appropriate. He can sign for himself, if it's messy the counter party should suck it up. If he can't sign because of physical limitations he can make his mark and get somebody to witness it. Of all the responses in...
by mptfan
Thu Apr 16, 2015 2:12 pm
Forum: Investing - Theory, News & General
Topic: How does a retired person mitigate a Bond Bubble?
Replies: 46
Views: 5782

Re: How does a retired person mitigate a Bond Bubble?

If anyone is worried about the risk of their bond funds "crashing", they should be downright terrified at the risk of holding stock funds. It's not even close.
by mptfan
Tue Apr 14, 2015 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 50
Views: 6433

Re: Don't come to Europe with a new chip and sign credit car

The chip and signature cards currently being issued in the U.S. are a half measure as the U.S. moves in the direction of chip and pin cards. http://www.cardhub.com/edu/chip-and-pin-vs-chip-and-signature/ It is impractical to expect all U.S. banks and merchants and consumers to go from using magnetic...
by mptfan
Tue Apr 14, 2015 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 50
Views: 6433

Re: Don't come to Europe with a new chip and sign credit car

Thanks for the tip!! We are hoping to go to London and Stockholm this summer. Will be sure to bring the old magnetic strip cards. Do they work any better or worse than the chip and sign cards? There is no benefit to using the "old magnetic strip cards" because the newer cards with the chi...
by mptfan
Mon Apr 13, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9073

Re: Finally some good news on retirement

Finally, a common sense article about the reality of post-retirement expenses and their relationship to pre-retirement expenses, and the foolishness of the so-called conventional wisdom that you should plan to replace 80% of your pre-retirement income. I am not retired, and I spend about 55% of my ...
by mptfan
Mon Apr 13, 2015 3:51 pm
Forum: Investing - Theory, News & General
Topic: would "flight to safety" go to bonds after all?
Replies: 32
Views: 2573

Re: would "flight to safety" go to bonds after all?

You failed to tell us how you define the word "safety." Until you do that, we cannot give you meaningful answers.
by mptfan
Mon Apr 13, 2015 2:40 pm
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9073

Re: Finally some good news on retirement

Finally, a common sense article about the reality of post-retirement expenses and their relationship to pre-retirement expenses, and the foolishness of the so-called conventional wisdom that you should plan to replace 80% of your pre-retirement income. I am not retired, and I spend about 55% of my g...
by mptfan
Mon Apr 13, 2015 2:06 pm
Forum: Investing - Theory, News & General
Topic: would "flight to safety" go to bonds after all?
Replies: 32
Views: 2573

Re: would "flight to safety" go to bonds after all?

If you want a certain degree of safety, and you can get that degree of safety and still get 5% returns (money market funds in 2007), that's really nice. If you want a certain degree of safety, and you can only get that degree of safety with 1% returns, that's sucky, but it is what it is. If you wan...
by mptfan
Mon Apr 13, 2015 1:58 pm
Forum: Investing - Theory, News & General
Topic: would "flight to safety" go to bonds after all?
Replies: 32
Views: 2573

Re: would "flight to safety" go to bonds after all?

But I guess, nispirius, what I'm asking is about whether or not bonds are indeed actually safe moving forward. What do you mean by "safe?" No one can answer your question without knowing what you are asking. As nisiprius pointed out, you are conflating yield and "safety" and the...
by mptfan
Sun Apr 12, 2015 10:33 am
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9073

Re: WSJ: You may need less than 80% in retirement

It is easy to come up with the first estimate with W2. Then, people can go on to refine that. But, if you tell people that it is hard to determine their level of spending, they would not start to begin with. If it takes more than 5 minutes, they would not do it It does take more than 5 minutes to f...

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