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Re: FIRECalc Question

I just read the "change notes" for the first tome. The current version came out in Novenber, 2007, and data is through 2006. Thanks for the input.
by pwesben
Thu May 02, 2013 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: FIRECalc Question
Replies: 15
Views: 2284

FIRECalc Question

I have been fiddling with the Firecalc page (http://www.firecalc.com). I'm doing some educated guessing. I have a question for any of you who are familiar with the calculations. The Portfolio Sum that is entered does not differentiate between a portfolio where most of the money is in IRAs (like mine...
by pwesben
Wed May 01, 2013 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: FIRECalc Question
Replies: 15
Views: 2284

Re: Undo Roth contributions for 2012 without forms?

If you withdraw funds before Dec 31, I would think you only pay the ordinary taxes on the earnings. and no 10%penalty. doing the Traditional IRA thing is a totally different transaction with its different rules. I would do them as totally different transactions to lessen the chances of mistakes.
by pwesben
Mon Dec 03, 2012 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Undo Roth contributions for 2012 without forms?
Replies: 14
Views: 1069

Re: Undo Roth contributions for 2012 without forms?

I may be missing something, but I think as long as you get the funds out of the Roth before the end of the year you are done. it would be just as if you contributed nothing. The only thing is any gains would be taxable as short term gains in 2012. I don't believe you are locked in until the end of t...
by pwesben
Mon Dec 03, 2012 12:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Undo Roth contributions for 2012 without forms?
Replies: 14
Views: 1069

Re: Who invests in only 1 bond fund?

I use Wellesley (VWIAX). I've owned it for a long time and still find it hard to beat. My other consideration would be Total Bond Fund.
by pwesben
Sun Oct 14, 2012 8:08 am
 
Forum: Investing - Theory, News & General
Topic: Who invests in only 1 bond fund?
Replies: 63
Views: 6047

Lag Time

There is a curious catch to using Vanguard to track your investments. Not a problem, just a, be aware. The Outside Investments update the prices of outside funds shortly after 4 PM, at the same time as Vanguard Funds. However if you have some of the same funds in a brokerage account with Vanguard, t...
by pwesben
Fri Apr 15, 2011 9:22 pm
 
Forum: Investing - Theory, News & General
Topic: Tracking outside investments at Vanguard
Replies: 9
Views: 1625

FMAGX

Fidelity Magellan (FMAGX) in 1982.
Sweet ride for a long time.

Paul
by pwesben
Fri Feb 11, 2011 8:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: What was your first fund that you brought
Replies: 92
Views: 7304

Current Book

I just finished : "Confessions of a Buddhist Atheist", Stephen Batchellor. He's a former Tibetan monk so he speaks with some real insight. I found it fascinating.

Paul
by pwesben
Sun Oct 17, 2010 1:20 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 347993

Laura, I understand trying to move more towards the Vanguard options for expenses. However I think it is a little brazen to say that the only two decent funds he has are VINIX and VSCIX. Dodge and Cox, and the Target Small Cap are certainly worthy funds. The performance of both hugely outweigh their...
by pwesben
Wed Dec 23, 2009 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me select from my 403(b) fund offerings
Replies: 7
Views: 1153

PABAX seems like a weird bird for asset allocation. But if looking for a cheap asset allocation fund (In the 60% Bond range) Vanguard Wellesley (VWINX) has most comers beat. And Aahh.. the sleep at night. No Load, Expense ratio 0.25%.

Enjoy Paul
by pwesben
Thu Nov 19, 2009 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: advisor says PABAX; i say VTSMX
Replies: 23
Views: 2716

Zweig

I certainly did not read into Zweig's statement that his only gain is what he has invested since. That's laughable. Take a look at your own records. I pulled up my spreadsheet for end of 1994, and my portfolio is 4+ times bigger now. I admit to investing regularly but those investments account for l...
by pwesben
Sat Sep 12, 2009 9:16 am
 
Forum: Investing - Theory, News & General
Topic: WSJ - Long live Buy and Hold
Replies: 77
Views: 9208

A Year Ago

I didn't save a year ago.

But I suggest you re-ask your question on October 10. I saved my spreadsheet for that date and it is annotated "Crash Low".

From that date I'm up 24%. I have a 70-30 portfolio and am still 7% below my high (7/13/2007).

Paul
by pwesben
Sat Sep 12, 2009 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio change since 12 months ago?
Replies: 46
Views: 5411

Thank you Victoria, seconded. You will notice there will be no posts refuting your argument.

Bravo.

Paul
by pwesben
Thu Apr 09, 2009 10:24 pm
 
Forum: Investing - Theory, News & General
Topic: Kass: Is This the End of Warren Buffett?
Replies: 131
Views: 19274

Ken250, I just did the Performance listing on M* and I have to go all the way to 10 years before DODGX beats VFINX. Before that I know DODGX was winning hands down year in year out. But my point is that I always felt the "right" active manager would protect me in a crash like this. And at ...
by pwesben
Tue Apr 07, 2009 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: New Fama & French Paper: Luck vs. Skill: Mutual Fund Alp
Replies: 61
Views: 8995

JumboJet 8, Agree with Valuethinker. Esp about Vista Home Premium (worth the $30) Except when it comes time for an external drive for back up--you already have a built in option. The bottom front panel hides a HP Pocket Media Drive Slot (Which is basically a USB External drive) and plugs into the fr...
by pwesben
Tue Apr 07, 2009 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Desktop PC for Internet Browsing?
Replies: 56
Views: 11833

I just bought a: HP Pavilion Slimline $379 For that Price 3 Gig RAM 500 Gig HD DVD R/RW Built in card readers And a great size 14"X4"X10" Shorter than my LaserJet and minimal desk real estate. I upgraded the CPU because I need it for more than web surfing. Regardless this is a nice de...
by pwesben
Sun Apr 05, 2009 9:24 pm
 
Forum: Personal Consumer Issues
Topic: Desktop PC for Internet Browsing?
Replies: 56
Views: 11833

Ken 250, For the longest time I felt the same as you. I laughed at the posing of "Pick the winner in the next 10 years" My ace in the hole was always Dodge and Cox (DODGX) BUT 2008 = --45%. Vang 500 (VFINX) 2008 = --37% Or in the Small/Mid cap Royce Value (RYVFX) 2008 = --34% Vang Small Ca...
by pwesben
Sun Apr 05, 2009 9:13 pm
 
Forum: Investing - Theory, News & General
Topic: New Fama & French Paper: Luck vs. Skill: Mutual Fund Alp
Replies: 61
Views: 8995

White Coat

I'm a FP. Only wear my white coat when the office is too cold. Also after lunch when I'm always cold for and hour or so until the "Tidal Surge" abates.
Paul
by pwesben
Sun Apr 05, 2009 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Poll for Docs: Do you wear a white coat?
Replies: 46
Views: 6620

Cave Man genes

I always tell my patients its in the genes--our CAVE MAN genes. We are designed to walk 12-16 hours a day looking for something to eat. And when we found it we chowed down to build up our fat stores. Our genes are designed to keep that weight on--they scream at us when we try to lose weight -no matt...
by pwesben
Wed Apr 01, 2009 7:19 pm
 
Forum: Personal Consumer Issues
Topic: Obesity ? Why?
Replies: 167
Views: 23163

Any positives in this year I owe to my wife. She is not an investor type. However in Spring of 2007, she said, " THIS IS CRAZY--GET OUT OF THE MARKET" In Nov 2007 I finally listened to her to the tune of 35% of my portfolio which went to Vang Intermed Treasuries (VFIUX). AND, of course, th...
by pwesben
Wed Dec 31, 2008 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Who has made money this year from their investments?
Replies: 16
Views: 3763

Not great choices I agree. However Franklin Templeton has a few good funds. Mutual Qualified (MQIFX) and Mutual Discovery (MDISX) are good solid funds. In these situations it always depends on what your fees are going to be and which classes are available to you, for you to decide. I'm not familiar ...
by pwesben
Sat Nov 08, 2008 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: 403B - The reputable companies will not sign the ISA
Replies: 4
Views: 1549

Balanced is better

Or even more wicked...OAKBX and stay the course.
by pwesben
Thu Nov 06, 2008 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: Best and Worst Stock Markets
Replies: 3
Views: 969

International Allocation

I'm 60-40 Equity-bonds Equity is 50-50 US and International. I definitely feel it makes no sense to ignore the fact that International is a significant force for growth. I think the risk is no more that I face in my US stocks, despite all the hoopla you hear to the contrary. I use Harbor Internat, a...
by pwesben
Mon Oct 20, 2008 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: What % of your stock allocation is international, and why?
Replies: 90
Views: 15291

Stay the Course

I've changed nothing. I got a little consolation when I went back to my year-end spreadsheets from the past. I am currently where I was on Dec 31, 2005 . I remember I felt well off at the end of that year. So I must be well off now-- only three years older. It's all relative, and I always remind mys...
by pwesben
Wed Oct 08, 2008 5:54 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads, et al: Are you REALLY Staying the Course? (POLL)
Replies: 60
Views: 10514

SEP-IRA

Sole Proprietors (which you would be for this independent contractor job) can contribute 20% of NET income MINUS the FULL self employment tax for the independent contracting. SEP-IRA is the easiest and best plan for this situation since you have no other employees. I've done these for years. They ar...
by pwesben
Mon May 12, 2008 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Account for Independent Contractor
Replies: 32
Views: 8062

SEP

Cam, The response of LH was confusing to me so I'll answer your question directly. Whatever % of contribution you pick for yourself YES you must pick the same % for the employees. Your extra contribution comes because you earn more (presumed) but the percent is the same. And you can adjust that % ye...
by pwesben
Mon Mar 03, 2008 8:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP IRA Question
Replies: 4
Views: 1385

Statins

This Quote encapsules the tradeoffs that are always present in medicine. "The second crucial point is hiding in plain sight in Pfizer's own Lipitor newspaper ad. The dramatic 36% figure has an asterisk. Read the smaller type. It says: "That means in a large clinical study, 3% of patients t...
by pwesben
Wed Feb 20, 2008 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Statins, Lipitor, Arthur Agaston, Business Week
Replies: 12
Views: 4050

Today

Down 0.69%. Saved mainly by the 30% bonds (TIPS and Interm Treas.) Which are also the only bright spot for the past 3 months.
Paul
by pwesben
Tue Jan 22, 2008 9:13 pm
 
Forum: Investing - Theory, News & General
Topic: How bad was it for you Tuesday?
Replies: 30
Views: 5264

Office 2002

I have installed Office 2002 in Vista Home Premium with no problem. HOWEVER There is a New Business Contacts Manager that only works with Outlook 2007. SO I would recommend activating the trial period of Office 2007 (free for three months), and then uninstalling all of office 2007 including the Busi...
by pwesben
Sat Jan 05, 2008 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Installing Office 2002 on Vista
Replies: 3
Views: 1223

Roth limits

Someone said $5000 for both 2007 and 2008. Limit for 2007 is $4000 (at age 24).
Paul
by pwesben
Fri Dec 21, 2007 11:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: where to begin investing into roth IRA at age 24
Replies: 21
Views: 4868

Spousal inheritance

In this discussion no one has mentioned it so I will. The spouse of the owner of the IRA can inherit the IRA as a non-taxable event. He or she can roll it into her own IRA as if it were hers all along. There are still taxes on disbursements, whenever they are taken, but the actual inheriting is a no...
by pwesben
Sat Dec 08, 2007 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRAS and estate taxes
Replies: 34
Views: 5146

I agree this is a too close to call situation. Either choice has its possible benefits. I chose to go the taxable route (via Tax Managed funds at Vanguard) instead of the non-deduct IRA. But I realize that's counting on the capital gains law staying the same. That's certainly not written in the scri...
by pwesben
Mon Dec 03, 2007 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-deductable Trad. IRA in this situation?
Replies: 18
Views: 3122

SmallHi

SH, Thanks. That turns out to be more of a return than "marginal." Thanks for your explanation. It certainly makes an partial allocation to Value make sense now. Funny, because in the old days, before all the research of the modern portfolio theory, all I used to invest in was value (of co...
by pwesben
Mon Dec 03, 2007 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Why own SV, but not LV?
Replies: 32
Views: 6493

SCV tilt

This is a long and interesting discussion. However, one point that is missing in all of this is a quantification of how much marginal gain can be expected by adding a Value tilt. In percentages, please, the Fama math is beyond me. I suspect that the potential gain is marginal, at best, and probably ...
by pwesben
Mon Dec 03, 2007 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Why own SV, but not LV?
Replies: 32
Views: 6493

EmergDoc vs Vig Oren -- apples and oranges

The controversy over physicians salaries hinges on procedure oriented and non-procedure oriented practices. The latter earn close to the number that EmergDoc used. These are the Peds, Family Practice, and Non- procedure Internal Medicines. The surgical specialties or the procedure docs such as Cardi...
by pwesben
Wed Nov 21, 2007 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: Doctors In Debt
Replies: 75
Views: 21215

Doctors in Debt

I did my first year of Med School (Case Western Reserve 1975-9) from savings. The final three years thru a great program with the Navy. Tuition, books and a stipend (which easily covered room and expenses). In return I had to apply for and accept a Navy Residency (three years), and I then owed three...
by pwesben
Sun Nov 18, 2007 8:10 pm
 
Forum: Investing - Theory, News & General
Topic: Doctors In Debt
Replies: 75
Views: 21215

Calif RE crash

I was living in Long Beach, CA in 1991 and was wanting to make a lateral move to Orange County. In the space of a few months my house lost nearly 50% in value, and I was "underwater'. It took me until the end of 1997 to make that move. My experience shows it crashes can happen in CA, just wait ...
by pwesben
Sat Nov 10, 2007 12:21 am
 
Forum: Investing - Theory, News & General
Topic: Why are home prices still so crazy in Los Angeles?
Replies: 24
Views: 4753

Portfolio

Here's Mine IRA (75% of Total Portfolio) Vanguard Extended Market (VEXMX) 27% Global Equity (VHGEX) 15% Internat Value (VTRIX) 15% Total Stock (VTSMX) 26% Windsor II (VWNFX) 17% Taxable (25% of Total Portfolio) Tax-Man Cap App (VMCAX) 25% Tax-Man Internat (VTMGX) 25% Tax-Man Sm Cap (VTMSX) 25% Value...
by pwesben
Sun Nov 04, 2007 9:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: What's YOUR portfolio
Replies: 77
Views: 22016

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