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Re: Are mutual funds bad? SWPPX

...on this site (which I love, thank you everyone for such wonderful advice) everyone advocates ETFs... Not so. I strongly recommend the summary ETFs versus mutual funds , written mostly by livesoft. It makes it clear that the differences are very small and mostly amount to personal taste. The peop...
by nisiprius
Mon Nov 24, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are mutual funds bad? SWPPX
Replies: 11
Views: 565

Re: Vanguard launches new offering ... [Vanguard merchandise

Next year, I want a Vanguard-logo Gyroscopic Watch Winder like this one so that I can keep my Roledex Oyster wound while I'm wearing my Batik Philippe.

Image
by nisiprius
Mon Nov 24, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 114
Views: 10807

Re: Hedge Funds Are Happy to Lose Money for Everyone

Well, just to make one obvious point. Eugene Fama famously said of hedge funds, "If you want to invest in something where they steal your money and don’t tell you what they’re doing, be my guest." But simply being a mutual fund blunts those objections. I don't think people fully realize th...
by nisiprius
Mon Nov 24, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hedge Funds Are Happy to Lose Money for Everyone
Replies: 5
Views: 536

Re: CapitalOne360 won't give me an ATM-only card?

I am not personally convinced that there are such terrible perils in debit cards. My personal experience over more than thirty years is that so far we've had unauthorized or duplicate or otherwise erroneous charges on our credit card perhaps six or eight times, all resolved instantly and with practi...
by nisiprius
Mon Nov 24, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: CapitalOne360 won't give me an ATM-only card?
Replies: 5
Views: 350

Re: American Funds

We are wary of actively managed funds for reasons outlined in Jack Bogle's books, but American Funds offers several actively managed mutual funds besides AIVSX and AWSHX, most of which haven't fallen into utter mediocrity like Fidelity Magellan. AIVSX and AWSHX might be tolerable choices. If I reca...
by nisiprius
Mon Nov 24, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 14
Views: 1702

Re: What percent "Boglehead" are you?

My personal touchstone for "Boglehead" is Twelve Pillars of Wisdom . Pillar 7. The Powerful Magnetism of the Mean In the world of investing, the mean is a powerful magnet that pulls financial market returns toward it, causing returns to deteriorate after they exceed historical norms by su...
by nisiprius
Mon Nov 24, 2014 9:09 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 104
Views: 4713

Re: What percent "Boglehead" are you?

Actually, the whole business of scoring oneself doesn't seem all that useful to me, and I didn't really mean to set up a formal system. The main reason I did mine the way I did was not so much to measure anything as to call attention to the article on the Bogleheads investment philosophy and to remi...
by nisiprius
Mon Nov 24, 2014 7:44 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 104
Views: 4713

Re: Why Bother With Bonds free Kindle download/Nov.21 - Nov.

Downloaded, read some of it, want to post this before the deal has gone--yes, pick it up, it's good.
by nisiprius
Mon Nov 24, 2014 7:36 am
 
Forum: Investing - Theory, News & General
Topic: Why Bother With Bonds free Kindle download/Nov.21 - Nov.25
Replies: 20
Views: 2447

Re: Bogleheads, anyone doing "Black Friday"

If only Vanguard offered Vanguard mutual funds and ETFs with no commissions or transaction charges on Black Friday, I'd buy them.

Oh, wait, they do.
by nisiprius
Mon Nov 24, 2014 7:35 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, anyone doing "Black Friday"
Replies: 44
Views: 2281

Re: An alternative to alternative investments [QSPIX]

I just now successfully placed an order for $2500 of QSPIX in a taxable account at Fidelity. There was a warning about the 49.95 fee and other that required I read and sign a special notice indicating that I am a sophisticated investor, understand the risks, etc. Well, that lets me out. I will not ...
by nisiprius
Sun Nov 23, 2014 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 89
Views: 5552

Re: slicedinvesting.com : access to hedge funds

Is this an evasion of the regulatory requirement that only accredited investors (net worth over $1 million) may invest in hedge funds?
by nisiprius
Sun Nov 23, 2014 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: slicedinvesting.com : access to hedge funds
Replies: 4
Views: 395

Re: "Gold to tank in 2014: Goldman Sachs"

Bump Up, its almost end of the year. So how are the predictions holding up on the Gold Price? Source http://s17.postimg.org/v5ti4l8sv/Captura_de_pantalla_2014_11_23_a_las_9_03_51_PM.png Speaking as a gold skeptic , I would say that nevertheless ⋅ gold has been all but unchanged this year ...
by nisiprius
Sun Nov 23, 2014 9:08 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 100
Views: 8361

Re: What percent "Boglehead" are you?

mickeyd wrote:All I know is that I'm 100% me. If Bogleheads agree with my investment philosophy, that's dandy.
:beer
by nisiprius
Sun Nov 23, 2014 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 104
Views: 4713

Re: 23 year old... Can I afford a Rolex?

lululu wrote:Doctors' waiting rooms. Mechanics' waiting rooms. Grocery stores.
Good point.
Driving on the freeway.
Seriously, your car doesn't have a clock in it?
by nisiprius
Sun Nov 23, 2014 7:21 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 137
Views: 7342

Re: 23 year old... Can I afford a Rolex?

the watch era is over - people use their smartphones. If this is true, why do I often get asked the time? I wear a watch. Really? I can't think of any time or place in today's life where one can be out of line-of-sight of something displaying the time of day. What you say is true, but I have been a...
by nisiprius
Sun Nov 23, 2014 1:39 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 137
Views: 7342

Re: Want to Save Money: Be grateful

With respect to "what could be bad," I don't see what could be. However, there has been a study--Googling doesn't find it instantly--that seemed to show that positive thinking, or rather, specifically, previsualizing a successful outcome, actually result in lowered achievement. Apparently,...
by nisiprius
Sun Nov 23, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Want to Save Money: Be grateful
Replies: 11
Views: 2563

Re: 23 year old... Can I afford a Rolex?

JMacDonald wrote:
sambb wrote:the watch era is over - people use their smartphones.
If this is true, why do I often get asked the time? I wear a watch.
Really? I can't think of any time or place in today's life where one can be out of line-of-sight of something displaying the time of day.
by nisiprius
Sun Nov 23, 2014 11:02 am
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 137
Views: 7342

Re: 23 year old... Can I afford a Rolex?

The big question Marjimmy needs to ask is "Do I know what makes me happy?" This is not an easy question, and another thread, Want to Save Money? Be Grateful touches on it. Charles Kingsley wrote "We act as though comfort and luxury were the chief requirements of life, when all we need...
by nisiprius
Sun Nov 23, 2014 9:27 am
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 137
Views: 7342

Re: How to Guarantee a Purchase Happens on a Particular Day?

...I know mutual funds take time to settle but I assume you get the closing price on 12/31 if you sell at any time before 4:00 PM. Is that correct? I think so. If the fund company acknowledges the order, the "redemption" takes place at close of day. Technically, the "redemption"...
by nisiprius
Sun Nov 23, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: How to Guarantee a Purchase Happens on a Particular Day?
Replies: 5
Views: 568

Re: How to Guarantee a Purchase Happens on a Particular Day?

If the issue is possibly being too busy to take care of this on 12/31, I think it is possible to set this up in advance by setting up an automatic exchange in your Vanguard accounts. 1) Fund the purchase by putting money into the settlement account. Yes, I know Prime Money Market earns 0.01%, but it...
by nisiprius
Sun Nov 23, 2014 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: How to Guarantee a Purchase Happens on a Particular Day?
Replies: 5
Views: 568

Re: 23 year old... Can I afford a Rolex?

I would really be concerned about the fashion aspects. People selling you Rolexes will probably tell you that they never go out of style, but I don't believe it. I would be terrified to spend that much on a watch and then have my someone say "nobody wears a Rolex Submariner , any more, it looks...
by nisiprius
Sun Nov 23, 2014 8:27 am
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 137
Views: 7342

Re: Vanguard Personal Performance History: 10 Years

A correspondent suggests caution in interpreting these charts. "The history Vanguard shows is not your history and the history of all your accounts, but only the history of your current accounts. At least that is my theory based on what I observe." The longer the period of time, the greate...
by nisiprius
Sun Nov 23, 2014 8:11 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Performance History: 10 Years
Replies: 8
Views: 1524

Re: Vanguard Personal Performance History: 10 Years

Since nobody else has answered... I have a very vague impression it happened maybe six months ago. I think it was this year, anyway. I know that as of April 2013 people were griping about it only going back five years.
by nisiprius
Sat Nov 22, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Performance History: 10 Years
Replies: 8
Views: 1524

Re: What percent "Boglehead" are you?

How about this? A Boglehead is someone who self-identifies as a "Boglehead."
by nisiprius
Sat Nov 22, 2014 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 104
Views: 4713

Re: Jim Cramer dad & LTCI

I have seen LTCI repeatedly in play in my community among friends and acquaintances (sadly), and I have yet to observe or hear of a vendor who did not pay as promised according to the provisions of the policy. But let's say you are skeptical, but nevertheless willing to assess the evidence. Here is...
by nisiprius
Sat Nov 22, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3288

Re: 23 year old... Can I afford a Rolex?

You have to decide for yourself the personal value you place on various alternatives. Obviously many 23-year-olds buy cars, your average random car costs much more than your average random Rolex, so it would be ridiculous to say you can't "afford" a Rolex. The fact that you are bothering ...
by nisiprius
Sat Nov 22, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 137
Views: 7342

Re: What Movie Have You Recently Watched?

Loved "Saving Mr. Banks." Just watched "The Social Network," loved it. Really hadn't known much about the background. I actually hadn't realized these were all Harvard guys seriously obsessed with getting into a final club. It confirms my impression that social prestige is still ...
by nisiprius
Sat Nov 22, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 218
Views: 17534

Re: What would be the investing strategy for a coming crash?

Thus, I personally think that Japan 1990-2014 should "count," but that the far worse crash, Japan 1946-1948, shouldn't. Agree that Japan 1990-2014 should count — as it can likely be seen as a precursor for many other developed nations in the coming decades. Japan has the most rapidly agin...
by nisiprius
Sat Nov 22, 2014 1:52 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 55
Views: 4225

Re: Movie dialog, "The Social Network." Hard to hear?

It's not you. According to this article in the Washington Post, the director of that flick chose to make the movie's dialog harder to hear at some points, and other directors have also made that choice (your example pops up about halfway into the article). http://www.washingtonpost.com/lifestyle/st...
by nisiprius
Sat Nov 22, 2014 1:36 pm
 
Forum: Personal Consumer Issues
Topic: Movie dialog, "The Social Network." Hard to hear?
Replies: 14
Views: 1426

Re: What percent "Boglehead" are you?

I think the general conclusion by reading this thread is that most people talk the talk, but only walk the walk something like 75%. I disagree because I dispute the initial assertion that "true Boglehead" is defined as in the OP so I ain't playing this game. I agree. My personal touchston...
by nisiprius
Sat Nov 22, 2014 1:31 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 104
Views: 4713

Movie dialog, "The Social Network." Hard to hear?

Just rented The Social Network and enjoyed it. Watched it at home under reasonably quiet surroundings. Many of the scenes are set in noisy environments. There were a number of scenes in which the dialog was literally hard for me to understand--the speech was relatively soft and the background noise ...
by nisiprius
Sat Nov 22, 2014 12:02 pm
 
Forum: Personal Consumer Issues
Topic: Movie dialog, "The Social Network." Hard to hear?
Replies: 14
Views: 1426

Re: Storing/Organizing Memory Sticks

Tell me about it. I buy whatever is on sale and has the lowest cost-per-gigabyte at Staples--typically when the range of current capacities is 1X to 4X, there will be really good deals on 0.5X thumb drives. They are all different sizes and shapes. (And no, I do not mean Darth Vader or South Park or ...
by nisiprius
Sat Nov 22, 2014 11:49 am
 
Forum: Personal Consumer Issues
Topic: Storing/Organizing Memory Sticks
Replies: 23
Views: 1221

Re: What percent "Boglehead" are you?

Giving myself 0-10 points on each item of the Bogleheads Investment Philosophy 1 Develop a workable plan -- 8, based on the fact that we're now in retirement and I think it's working. Workable, yes; plan, not so much! But I did do a big fancy spreadsheet around 5 years before retirement including al...
by nisiprius
Sat Nov 22, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 104
Views: 4713

Re: What would be the investing strategy for a coming crash?

The car/train crash analogies are bad. These are final events with infinite loss. This is not what happens in a stock market correction or crash. Sometimes it does. http://s11.postimg.org/7gu3zny1v/Captura_de_pantalla_2014_11_22_a_las_10_46_13_AM.png It's never happened in the U.S. Very seriously, ...
by nisiprius
Sat Nov 22, 2014 10:55 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 55
Views: 4225

Re: What would be the investing strategy for a coming crash?

17,810? 17,810? Yikes! Great Caesar's Ghost! I actually hadn't been paying attention.

I'm sorry I looked.

Feels just like the last 1990s all over again, doesn't it?

But when it comes to staying the course, I "feel the fear and do it anyway."
by nisiprius
Sat Nov 22, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 55
Views: 4225

Re: Personal Tips for a New Father to Be

Be aware that stress is stress, and that stress from good life changes is almost as stressful and creates almost as much of the effects of stress as stress from bad life changes. Be aware that your first child, no matter how much you want it, is going to be a source of both good and bad stress. You ...
by nisiprius
Sat Nov 22, 2014 10:37 am
 
Forum: Personal Consumer Issues
Topic: Personal Tips for a New Father to Be
Replies: 22
Views: 1461

Re: Jim Cramer dad & LTCI

Shame on Cramer. I can't make any judgement at all here without knowing the name of the company. It is ALWAYS said that you need to buy from a "reputable" company, and there are even some fairly consistent consensus opinions of the names of the "reputable" companies and the "...
by nisiprius
Sat Nov 22, 2014 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3288

Re: What would be the investing strategy for a coming crash?

...Supposing that an investor did believe a major crash was coming within the next 2 years, what would be the proper course of action for him?... Re-examine those beliefs. It doesn't make sense to wait for the train to hit you, if you believe it's coming. Nor it make sense to swerve out of a highwa...
by nisiprius
Fri Nov 21, 2014 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 55
Views: 4225

Re: Does investing in a 401k actually save any money?

Last time I looked, it seemed that the advantages of a 401(k) came from three sources: a) The company match b) Nontaxable compounding c) The assumption of a lower tax bracket in retirement The disadvantages were limited choice and high-cost funds in the plan. The conclusion I came to was that it was...
by nisiprius
Fri Nov 21, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 47
Views: 3593

Re: Vanguard launches new offering ... [Vanguard merchandise

bhsince87 wrote:...I'm in central PA. UPS says the package was shipped from Massachusetts to Philadelphia yesterday, and it will go from Philly to here tomorrow...
Massachusetts? Vanguard merchandise is shipped fromMassachusetts?

Now I am dying to know: was it shipped from 82 Devonshire Street?
by nisiprius
Thu Nov 20, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 114
Views: 10807

Re: Why finance research is often wrong - the jelly bean pro

Just to be clear, statistical techniques for handling the "jelly bean problem" have existed since well before I was in grad school. (Ahem. That was the 1970s. I am old). The puzzle is why authors of financial research don't seem to be use them much. There are "simultaneous tests of mu...
by nisiprius
Thu Nov 20, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why finance research is often wrong - the jelly bean problem
Replies: 58
Views: 5124

Re: Apple Stock - Seems great, right?

Meh, Apple hasn't released a truly great or even very good product since well before Steve Jobs died. I don't think the "greatness" of the great products is always obvious right away. When the iPod was introduced, it baffled and disappointed many who were expecting something great, and Cm...
by nisiprius
Thu Nov 20, 2014 3:15 pm
 
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 114
Views: 10379

Re: Problem with posting

Van wrote:...Is this notice a new feature?...
No, it wasn't always there but it has been there for several years.
by nisiprius
Thu Nov 20, 2014 2:53 pm
 
Forum: Forum Issues and Administration
Topic: Problem with posting
Replies: 9
Views: 482

Re: An alternative to alternative investments [QSPIX]

Disclosure: I have a significant personal investment in the fund and it was approved by the investment policy committee of my firm, Buckingham, as a 401(k) plan option. sig·nif·i·cant dict: sufficiently great or important to be worthy of attention; noteworthy. I have about a 3% allocation Hope that...
by nisiprius
Thu Nov 20, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 89
Views: 5552

Re: An alternative to alternative investments [QSPIX]

...Given the newness of the fund I would not want to have more than say a 5% allocation. Over time with more evidence that they can deliver the premiums well I would consider increasing that amount. I have about a 3% allocation Hope that helps Larry... I think that puts things into perspective. Whe...
by nisiprius
Thu Nov 20, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 89
Views: 5552

Re: What temperature for house for long winter absence?

Our house has no heat in the basement, so what keeps the pipes from freezing is the (plentiful) leakage of heat through the floor etc. That is not exactly an engineered situation, and the difference in temperature between living space and basement increases in colder weather. It is not rare to get w...
by nisiprius
Thu Nov 20, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: What temperature for house for long winter absence?
Replies: 31
Views: 2829

Re: Pension buyout offer - Accept or reject

... I get quotes from two insurance companies for a life annuity, for a couple, both born in 1949 ... Nisi, the original poster says he is age 53. He was therefore born in 1960 or 1961.... :oops: :oops: :oops: Major screw-up, thank you. The two quotations I am seeing now are both around $95,000. So...
by nisiprius
Thu Nov 20, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 44
Views: 3695

Re: An alternative to alternative investments [QSPIX]

...As I said, I have significant investment in the fund, and I don't think you nor anyone else would say I bought it to talk about alternative investments with my golf buddies---I don't even play golf (:-)). Larry I thought the "Larry Portfolio" was a simple long-only portfolio of small v...
by nisiprius
Thu Nov 20, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 89
Views: 5552

Re: Where can I go to get a signature guarantee or Medallion

I once emailed the organization that is behind the "medallion signature guarantee" asking them specifically how a consumer could locate a nearby institution offering them, and did not get a satisfactory reply. We live in the world we live in, and the "signature guarantee" stuff s...
by nisiprius
Thu Nov 20, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I go to get a signature guarantee or Medallion sig
Replies: 34
Views: 3087

Re: What were your biggest financial emergencies?

Just a thought. We did not need (a) cash, (b) within a week. We did, however, need to write a check on what seemed short notice to pay a nursing home, and keep writing them for the several months it took before Medicaid processed the paperwork, made their decision, paid the nursing home and the nurs...
by nisiprius
Thu Nov 20, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What were your biggest financial emergencies?
Replies: 39
Views: 3773
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