Search found 25642 matches

Return to advanced search

Re: Safe Withdrawal Rates - Is the 4% rule still good?

The word planning is emphasized because of the great uncertainties in the stock and bond markets. Mid-course corrections likely will be required, with the actual dollar amounts withdrawn adjusted downward or upward relative to the plan. The investor needs to keep in mind that selection of a withdra...
by nisiprius
Wed Nov 26, 2014 8:28 am
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 31
Views: 2885

Re: What Book Are You Currently Reading? Part VI

At the Burial of their Dead at Sea The Office in the Common-Prayer-Book may be used: only instead of these words [We therefore commit his body to the ground, earth to earth, &c.] say, We therefore commit his body to the deep, to be turned into corruption, looking for the resurrection of the bod...
by nisiprius
Wed Nov 26, 2014 8:19 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 181
Views: 17314

Re: What Book Are You Currently Reading? Part VI

Halfway through Murder at the Savoy , by Maj Sjöwall and Per Wahlöö. I'm embarrassed to say I can't actually remember which of their books I've read. I think I might have read this one, but long enough ago as not to matter. Maybe I should do a systematic read-through of the whole series. Just finish...
by nisiprius
Wed Nov 26, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 181
Views: 17314

Re: Valuation of EE Savings Bonds

...My take is that you should value something at what you would be willing to pay for it on the open market, even if that market does not exist... Well, there is an authentic question here. When entering numbers in a spreadsheet, when should I use "the market value" and when should I use ...
by nisiprius
Wed Nov 26, 2014 7:07 am
 
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 26
Views: 1445

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

Vanguard already has a similar fund for taxable investors; Short-Term Tax-Exempt has a duration of about one year. (Limited-Term Tax-Exempt is the muni fund with similar duration to the current short-term funds.) You're right. I got confused when I decided to guess the yield by comparing it to Limi...
by nisiprius
Tue Nov 25, 2014 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

Re: Valuation of EE Savings Bonds

It is my strongly held personal belief that the dollar value of something is the number of dollars you can actually obtain for it in a real-world transaction today. Not the number of dollars you can argue it theoretically should be worth. In the case of a savings bonds, there is a market. It's just ...
by nisiprius
Tue Nov 25, 2014 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 26
Views: 1445

Re: Kindle question - online access books

The e-Ink Kindles I'm not sure about. They have or used to have some kind of web browser that was said to be a "beta version." Maybe someone else can say how usable it is. E-ink Kindles do have a browser. It is slow and not good for graphics. If you are accessing a website specifically to...
by nisiprius
Tue Nov 25, 2014 8:07 pm
 
Forum: Personal Consumer Issues
Topic: Kindle question - online access books
Replies: 16
Views: 893

Re: Should I add Microcaps to my portfolio?

I don't know, but do read Rick Ferri's piece, The Truth About Micro-Cap Index Funds . The Wilshire US Micro-Cap index was up 47.6%, and the CRSP Decile 10 Index, which measures the smallest micro-cap stocks, registered a whopping 81.7% gain. You may think that with micro-cap returns like these, micr...
by nisiprius
Tue Nov 25, 2014 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I add Microcaps to my portfolio?
Replies: 8
Views: 758

Re: How did you handle the 2008 bear market ?

- How did you handle the 2008 bear market ? We were very frightened. In 2006 and 2007 I had been thinking that we had been overly timid about our stock allocation and was considering nudging it up. I'm glad I didn't. Our risk tolerance was stretched close to the breaking point. As Samuel Butler wro...
by nisiprius
Tue Nov 25, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 50
Views: 2176

Re: Commodity Index Fund(s)

If it weren't based on futures, where would it store the livestock?
by nisiprius
Tue Nov 25, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Commodity Index Fund(s)
Replies: 7
Views: 569

Re: An alternative to alternative investments [QSPIX]

...The history of long/short funds is not encouraging... Remember 130/30 funds? https://www.math.nyu.edu/faculty/avellane/Lo13030.pdf Lo and Patel, Winter, 2008 130/30: The New Long-Only One of the fastest growing areas in institutional investment management is the so-called active extension or 130...
by nisiprius
Tue Nov 25, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 114
Views: 7259

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

It's pretty obvious what's needed (OK, what I would personally like). An honest-to-gosh FDIC-insured-to-$250,000 bank savings or MMDA account, with the necessary behind-the-scenes deals, business arrangements, plumbing, whatever to make it look and work exactly like a settlement account. An online ...
by nisiprius
Tue Nov 25, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

Re: Kindle question - online access books

You need to know exactly what "online access only" books he is talking about. Can you tell us more--what kinds of books, specifically, from what site? As you probably know, Amazon has two Kindle lines. The Kindle Fires ARE tablets. They are a sort of slightly mutated off-brand Android tabl...
by nisiprius
Tue Nov 25, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Kindle question - online access books
Replies: 16
Views: 893

Re: Shiller CAPE 10 — Why So High These Days?

...the only times the PE10 ratio has been below average over the last century have been in three types of environments: ... 1) war, 2) high inflation, 3 financial crisis... Since none of these three environments are on the horizon today (at least in the U.S.), ... Oh, dear. That put the jinx on it....
by nisiprius
Tue Nov 25, 2014 3:05 pm
 
Forum: Investing - Theory, News & General
Topic: Shiller CAPE 10 — Why So High These Days?
Replies: 37
Views: 2014

Re: Why should I avoid REITs?

Aw, I see Taylor Larimore beat me to it... but I'm not going to waste a perfectly good posting. First of all, REITs are stocks and you are not "avoiding" them if you use the Vanguard Total Stock Market Index Fund. The question is "why shouldn't I overweight REITs?" Reason #1: Her...
by nisiprius
Tue Nov 25, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why should I avoid REITs?
Replies: 27
Views: 2266

Re: Health Insurance (Specialist "Out of Network" [error])

Try to find out if there is a "health insurance ombudsman" in your state. Yes to the state division of insurance, but as you thread the maze keep using the word "ombudsman." And of course insist on finding a human being you can fax your screenshot to. My own approach would be jus...
by nisiprius
Tue Nov 25, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance (Specialist "Out of Network" [error])
Replies: 35
Views: 3291

Re: Been out of market since 2008 and can't get back in

P.S. $1 million in a money market fund at age 44? Hey, that's a nice chunk of change. It's Thanksgiving week, you should see whether you can feel good about what you have and not worry too much about what might have been. P.P.S. Others have suggested a LifeStrategy (or a Target Retirement) fund, and...
by nisiprius
Tue Nov 25, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 48
Views: 3556

Re: Been out of market since 2008 and can't get back in

A crash can happen at any time. The stock market has had an amazing run since 2008. It recovered all of the losses in about two years, and since then it has continued to climb, 16% in 2012, 30% in 2013, 10% in 2014. I do not think you can predict anything, and I do not agree with those who look at C...
by nisiprius
Tue Nov 25, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 48
Views: 3556

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

I guess my annoyance is that it has now been five years since money market mutual fund rates dropped to zero, while good bank rates for online savings and "money market deposit accounts" are in the vicinity of 0.75% to 1%, and seemingly no brokerages are interested in meeting the demand fo...
by nisiprius
Tue Nov 25, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

Re: Favorite nonfiction books

Anything by John McPhee ( The Curve of Binding Energy, The Control of Nature ) Anything by Simon Winchester ( Krakatoa: The Day the Earth Exploded, The Professor and the Madman, The Meaning of Everything ) Anything by Mary Roach ( Packing for Mars ) Anything by Rose George ( The Big Necessity, Ninet...
by nisiprius
Tue Nov 25, 2014 9:59 am
 
Forum: Personal Consumer Issues
Topic: Favorite nonfiction books
Replies: 54
Views: 2276

Re: Strategically not paying medical bills for 90 days for a

I wonder if the discount is any different from what they would have gotten if they'd called the business office when they got the bill, and said "I have my credit card in my hand, and if you will agree to accept the same amount Medicare would pay you, I will be glad to settle the bill with you ...
by nisiprius
Tue Nov 25, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Strategically not paying medical bills for 90 days for a dis
Replies: 30
Views: 2574

Re: Question about options for annuities

I hope Robbins isn't recommending them. Is he? The reason why they seem too good to be true is that everything about them is written in a tricky, borderline-misrepresented way. They seem too good to be true because you didn't really hear what you thought you heard! One starting point should be this ...
by nisiprius
Tue Nov 25, 2014 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Question about options for annuities
Replies: 13
Views: 805

Re: duration & flat yield curve

By the way, I think what's probably happened in investors' minds is something like this. The naïve expectation, which is close to correct , is that if interest rates go up, it's good for a long-term bond fund holder because the lower-interest bonds get replaced by higher-interest bonds. But from a t...
by nisiprius
Tue Nov 25, 2014 8:25 am
 
Forum: Investing - Theory, News & General
Topic: duration & flat yield curve
Replies: 8
Views: 479

Re: duration & flat yield curve

A lot of people have been worried about higher interest rates and have bought short term bond funds to lower duration. But what happens if short term rates go up and long term rates don't. Then wouldn't short term bond funds drop more than longer term funds? That's a very interesting point. Certain...
by nisiprius
Tue Nov 25, 2014 8:15 am
 
Forum: Investing - Theory, News & General
Topic: duration & flat yield curve
Replies: 8
Views: 479

Re: Investing in 100 Words

Pretty good, but strained. I'll bet the author could have said it better if it weren't for being determined to hit a magic but arbitrary number. Nevertheless, I should try to learn from that good example. The comment on diversification, "Diversification can reduce risk without reducing growth,&...
by nisiprius
Tue Nov 25, 2014 7:37 am
 
Forum: Investing - Theory, News & General
Topic: Investing in 100 Words
Replies: 19
Views: 1566

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

...Why do you insist that this is an inconsistency? Short bond funds are a place where you can hold money with good rates and occasionally write checks. Money market is a place where you can do frequent transactions without worrying about tax lots, at the cost of making a little less. There is a pl...
by nisiprius
Mon Nov 24, 2014 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

It's not a bad idea. You get a return better than 0.01%, but for just a tiny bit more risk than a money market fund. It'll be interesting to see what kind of yield it will have. Obviously if it had a 1.5% yield it would be a great deal. 0.1% yield, not so much. Help, Doc. :D What's a reasonable bal...
by nisiprius
Mon Nov 24, 2014 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

...If you need small transactions for checks, accumulating dividends, sweep etc you absolutely hate floating NAV in a taxable account. Maybe "hate" is not a strong enough word -- "abhor"? "Loathe"? Either way, I'd be out of there tomorrow and would use my checking acco...
by nisiprius
Mon Nov 24, 2014 7:58 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

Re: Vanguard Personal Performance History: 10 Years

Leeraar wrote:If you had a precise 10-year history, what would you do about it?

L.
Admire it?
by nisiprius
Mon Nov 24, 2014 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Performance History: 10 Years
Replies: 13
Views: 1959

Re: Business Cycles and Markets

I think it is unfortunate that the word, "cycle" has two different meanings. It can mean a perfectly regular pattern of circular excursions--as in the old terminology for frequencies, "cycles per second." It can also mean a completely irregular time sequence in which all that is ...
by nisiprius
Mon Nov 24, 2014 6:35 pm
 
Forum: Investing - Theory, News & General
Topic: Business Cycles and Markets
Replies: 1
Views: 157

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

So, have I got this right? Vanguard strongly opposes having a floating NAV for money market funds Vanguard strongly opposes any proposal that would require money market funds to effect shareholder transactions at a floating net asset value (“NAV”) ... The $1.00 NAV also offers tax, accounting and re...
by nisiprius
Mon Nov 24, 2014 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 38
Views: 3626

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: 13
Views: 1017

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: 115
Views: 11180

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: Investing - Theory, News & General
Topic: Hedge Funds Are Happy to Lose Money for Everyone
Replies: 5
Views: 739

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: 20
Views: 1466

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: 1924

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: 119
Views: 6015

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: 119
Views: 6015

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: 26
Views: 3202

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, any "Black Friday" [recommendations]
Replies: 57
Views: 3856

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: 114
Views: 7259

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: 441

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: 8468

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: 119
Views: 6015

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: 158
Views: 9790

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: 158
Views: 9790

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: 2807

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: 158
Views: 9790

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: 158
Views: 9790

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: 577
Next

Return to advanced search