Search found 1698 matches

by technovelist
Wed Apr 29, 2015 11:02 am
Forum: Investing - Theory, News & General
Topic: 140% Stocks (or why the Kelly criterion is cool)
Replies: 97
Views: 6571

Re: 140% Stocks (or why the Kelly criterion is cool)

As an aside, should the word "temporarily" be "temporally"? Yes. Thanks. Fixed. What is the other book? "Lifecycle Investing," by Ayres and Nalebuff. On first glance, doesn't this type of "strategy" ignore the risk, however small or large, of going totally be...
by technovelist
Wed Apr 29, 2015 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Tax Gain Harvesting While in 15% Bracket?
Replies: 21
Views: 1878

Re: Tax Gain Harvesting While in 15% Bracket?

Everybody with any sense does this if they can. There is a wiki article on it: http://www.bogleheads.org/wiki/Tax_gain_harvesting How is this not a wash sale? Rather the question is, if tax loss harvesting is rendered moot via wash sale rules, you would think they would have done the same thing the...
by technovelist
Wed Feb 11, 2015 2:30 pm
Forum: Personal Consumer Issues
Topic: Looking for a DSLR that will allow me to get fairly serious.
Replies: 118
Views: 7398

Re: Looking for a DSLR that will allow me to get fairly seri

I see the Nikonians have been out in force so far. If it is going to be Canon or Nikon only I come down on the Canon side. First decision is APS C or Full Frame. I would recommend APS C and Canon for the glass. I would start with a 7Dmkll body, the 15-85 efs and the 70-300 L IS lens. A Giottos carb...
by technovelist
Wed Feb 11, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1902

Re: A question about LTC insurance that no one asks

I investigated LTCi and found it way too unfavorable to the purchaser for it to make sense. Instead, I bought a term life policy that provides for payments while the insured person is alive under certain circumstances, such as being in a nursing home for more than a certain period of time. Is this a...
by technovelist
Wed Feb 04, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: Changing a submitted order at a broker
Replies: 34
Views: 1878

Re: Changing a submitted order at a broker

Fido, AFAIK, lets you cancel, or cancel and replace (change) an order at any time. Of course that's all subject to the original order not getting executed during the process. If that happens, it gets messy. I don't recall having a problem but that may be because my limit order may not be close to t...
by technovelist
Tue Jan 27, 2015 11:06 am
Forum: Investing - Theory, News & General
Topic: The Biggest Risk
Replies: 18
Views: 2100

Re: The Biggest Risk

I bought silver on the day of the top in 1980.
On margin.

Needless to say, it didn't work out too well. :oops:
However, I did learn an important lesson: don't use margin, at least with precious metals.
by technovelist
Mon Jan 26, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2765

Re: Is my term life policy quote too high?

Try SelectQuote, as someone else suggested. I know it is possible in some cases to get P+ with BP medications with Prudential (one of the companies they carry), maybe even if there are a few other minor issues/medications.
by technovelist
Fri Jan 23, 2015 6:15 pm
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 3145

Re: Anyone else love reading textbooks?

I can say that most textbooks on computer programming that I have read are terrible, being riddled with errors of almost every conceivable kind.

As for other textbooks, I can't recall any offhand that I enjoyed reading.
by technovelist
Fri Jan 23, 2015 6:06 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Is $72 Tomorrow for New Users
Replies: 27
Views: 3069

Re: Amazon Prime Is $72 Tomorrow for New Users

Nice way to punish loyal customers, Amazon.
by technovelist
Fri Jan 23, 2015 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Stopping Social Security benefits
Replies: 1
Views: 360

Re: Stopping Social Security benefits

I have a friend who retired one year ago and started benefit payments at the age of 63. Since retiring they have returned to work part time and do not need the payments. What is the process to stop payments if possible? I don't believe it is possible to voluntarily suspend payments until full retir...
by technovelist
Fri Jan 23, 2015 4:49 pm
Forum: Personal Consumer Issues
Topic: Is it worth it to buy a condo vs a house.
Replies: 41
Views: 5608

Re: Is it worth it to buy a condo vs a house.

I wouldn't buy a condo except at a fire sale, and maybe not even then because the reserves are likely to be in pretty bad shape at that point.

They are a lot easier to buy than they are to sell, especially in a housing downturn.
by technovelist
Fri Jan 23, 2015 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Silly to consider buying a home because of interest rates?
Replies: 29
Views: 2890

Re: Silly to consider buying a home because of interest rate

Real estate is very local in terms of its pricing. However, if interest rates rise, then all other things being equal, one would imagine that there would be a downward pressure on home prices. Exactly. Not picking on the OP, because I don't know why even supposed financial experts don't seem to und...
by technovelist
Fri Jan 23, 2015 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Buying life insurance online
Replies: 21
Views: 820

Re: Buying life insurance online

use term4sale.com to obtain the quotes, then call one of the 3 numbers listed for an agent that sells these policies. I've done this process now 3 times, and each time it has been relatively flawless. You tell them your data, you tell them the policy you want to apply for including the annual cost,...
by technovelist
Fri Jan 23, 2015 10:33 am
Forum: Investing - Theory, News & General
Topic: What is your commodities stocks/indexes allocation?
Replies: 20
Views: 1162

Re: What is your commodities stocks/indexes allocation?

0%. BTW, I don't consider gold to be in the category of "commodity"; it is primarily money, with some commodity uses that account for a relatively small part of its value.
by technovelist
Fri Jan 23, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on death plan or Go to dreaded probate?
Replies: 6
Views: 925

Re: Transfer on death plan or Go to dreaded probate?

If you have those kind of assets, your first visit should be to competent estate planning legal firm, not the Bogleheads forum. My two cents - why not place the assets in a living trust, your intentions are stated, the assets should pass outside of probate and if you were so concerned about estate ...
by technovelist
Fri Jan 23, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Buying life insurance online
Replies: 21
Views: 820

Re: Buying life insurance online

I've purchased policies through Select Quote several times and found it fairly painless, although of course there was a lot of paperwork to be completed. I had a really good agent, which I'm sure helped.
by technovelist
Thu Jan 22, 2015 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawal tax optimizer
Replies: 7
Views: 485

Re: Withdrawal tax optimizer

I have been looking for a good way to do this also. I hope that you find a good one and post it here. There seem to be many conflicting theories about optimum sequence of withdrawals, but they all seem to hinge on assumptions about future tax rates and returns on invested capital. Ralph I don't see...
by technovelist
Thu Jan 22, 2015 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawal tax optimizer
Replies: 7
Views: 485

Re: Withdrawal tax optimizer

This might meet your needs, but double check using real tax software: http://www.i-orp.com Thanks. I have looked at that, actually, but it seems a bit simplistic for what I was thinking about. For example, it makes you tell them what the after-tax account's income tax rate is. I would think it woul...
by technovelist
Thu Jan 22, 2015 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawal tax optimizer
Replies: 7
Views: 485

Withdrawal tax optimizer

Hi all, Is anyone here aware of a publicly available program or spreadsheet that, given current tax law and inflation and return assumptions, will generate a sequence of withdrawals and/or Roth conversions from taxable, tax-deferred (and Roth) accounts that will reduce total tax liabilities over tim...
by technovelist
Thu Jan 22, 2015 10:09 am
Forum: Investing - Theory, News & General
Topic: Hedge fund loses 99.8% of all funds, $100m down to $200k.
Replies: 59
Views: 7402

Re: Hedge fund loses 99.8% of all funds, $100m down to $200k

Tanelorn wrote:Only 99.8% losses? If he'd been betting against the Swiss Franc he could have had 500% or bigger losses!


Exactly my thoughts.
Of course, that undoubtedly happened to someone else's hedge fund; we just haven't heard about it yet.
by technovelist
Wed Jan 21, 2015 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Any care required for gold coin?
Replies: 10
Views: 951

Re: Any care required for gold coin?

Above all NEVER clean it as that is the best way to get rid of all the value. You've given very good advice about handling collectible coins, but a gold eagle will retain essentially all of its value even if it's run over by a truck. The only exception might be some of the scarce dates like 1992. T...
by technovelist
Tue Jan 20, 2015 3:13 pm
Forum: Investing - Theory, News & General
Topic: Did the Swiss stock market really lose 9%?
Replies: 15
Views: 2330

Re: Did the Swiss stock market really lose 9%?

No, you are correct. However, I don't think that would make Swiss investors feel much better. :moneybag But they can all take a vacation in the Riviera at 20% off. That should be some consolation. There are a lot more benefits than that to a strong currency, especially if you are a big saver, as th...
by technovelist
Tue Jan 20, 2015 12:43 pm
Forum: Investing - Theory, News & General
Topic: Did the Swiss stock market really lose 9%?
Replies: 15
Views: 2330

Re: Did the Swiss stock market really lose 9%?

The headlines said that the day the Swiss Franc was uncoupled from the Euro, the Swiss market tanked by about 9% (let's go with that number even though the actual number stated could be 7% or 10% - I don't remember). But the market really went down only for those who deal in Swiss Francs. Anyone wh...
by technovelist
Mon Jan 19, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3703

Re: How to get things wrong - Swiss Franc (CHF)

When I first heard about the idea of pegging the CHF to the Euro, my only question was "How long can they do it?". It was obvious to me from the start that it was just giving a free call option on the CHF to the speculators. The only way it could have ended other than it did was if the SNB...
by technovelist
Fri Jan 16, 2015 7:51 pm
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 11283

Re: High Net Worth Investing

You might want to read about Harry Brown's Permanent portfolio. There is even a mutual fund and now an ETF for it. These address the bad consequences you mention. I have read about it with intrigue but never pulled the trigger although I have considered it with my IRA. Yes, that is an excellent por...
by technovelist
Thu Jan 15, 2015 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3849

Re: Build your own inflation adjusted annuity?

In any case all "build your own annuities" ignore the fact that insurance company annuities are designed around a concept of pooled risk. In this case the risk is outliving ones money and one pools the risk by allowing those who live longer to do so by using the money of those who do not ...
by technovelist
Thu Jan 15, 2015 2:40 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 138
Views: 15483

Re: What was your costliest investment mistake?

I bought silver on the day of the top in 1980, at $48.
On margin. :oops:

It taught me a lesson: don't use leverage, especially in precious metals.
by technovelist
Wed Jan 14, 2015 6:28 pm
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 14664

Re: How does an Efficient Market explain Buffett?

My understanding, which could be incorrect, is that if you eliminate the effects of GEICO on Buffett's investing, he has underperformed the market. In other words, he made one good (or lucky) investment and the rest is noise.
by technovelist
Mon Jan 05, 2015 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Turning 66 this year. Retirement looming and concerned
Replies: 15
Views: 1625

Re: Turning 66 this year. Retirement looming and concerned

You will get a lot more help if you follow the guidelines in this post: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 But from what I can tell, you don't have anywhere near enough saved to be able to spend anything like your current salary in retirement. So you will either have to wo...
by technovelist
Thu Dec 18, 2014 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities
Replies: 21
Views: 2120

Re: Annuities

I have instructed my wife, should she outlive me by many years during a period that is unfavorable to our (her) portfolio, to purchase an SPIA when the remainder of her portfolio is just sufficient to pay the income she needs. In the meantime, I'm delaying SS until 70 to increase the amount she will...
by technovelist
Wed Dec 17, 2014 4:02 pm
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 6498

Re: 100% equities - my reasoning

Everyone - THANK YOU for the replies. I feel like a kid arguing w/ a bunch of wise adults ;) I cannot say that I know what I would do in a crash bc I have not experienced it. I was a poor college student in 2008. The only question I have then is would a 90/10 or 80/20 portfolio really change things...
by technovelist
Wed Dec 17, 2014 3:55 pm
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 171
Views: 12408

Re: Odds of portfolio survival = 90%; odds of my survival =

I think the first thing to ask is whether you think the Monte Carlo studies are meaningful. I would say that Monte Carlo studies would be especially relevant to people living in Monaco. :mrgreen: That was protagonist's point. I think I should start playing Russian Roulette. Victoria Oh, so the orig...
by technovelist
Wed Dec 17, 2014 3:51 pm
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 171
Views: 12408

Re: Odds of portfolio survival = 90%; odds of my survival =

if I'm doing the math right, says that for a "healthy annuitant"--which seems fairly reasonable for the Bogleheads population, which I imagine consists of people whose socioeconomic status allows for significant retirement savings--the figures are actually 12% for men and 20% for women. T...
by technovelist
Wed Dec 17, 2014 2:59 pm
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 21595

Re: WHY is retirement enjoyable / something to look forward

Intellectual "work" is misnamed; it is a pleasure, a dissipation, and is its own highest reward. The poorest paid architect, engineer, general, author, sculptor, painter, lecturer, advocate, legislator, actor, preacher, singer is constructively in heaven when he is at work; and as for the...
by technovelist
Wed Dec 17, 2014 2:29 pm
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 21595

Re: WHY is retirement enjoyable / something to look forward

jstrazzere wrote:
a wrote:So what do you think is the real factor at work?


For me, it's all about choice.

I want to choose when, where, and how much I work, and what I work at - without being constrained by financial considerations.
Retirement will do that for me.


+1
by technovelist
Tue Dec 16, 2014 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security implications when dividing up income
Replies: 17
Views: 2091

Re: Social Security implications when dividing up income

I'm sitting here doing a little research, and holy cow it is complicated. Yes, it surely is. But there are some simple rules of thumb that can help, including these: 1. SS weights lower earnings much more than higher ones, so it is better to have two medium earners than one high and one low. This w...
by technovelist
Tue Dec 16, 2014 10:28 pm
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 171
Views: 12408

Re: Odds of portfolio survival = 90%; odds of my survival =

I agree with the idea that it is far more important to have enough to enjoy the non-working years then it is to insure having money 30 years from now, as I may not live that long. The question in my mind is what percentage of failure am I willing to accept? I am 62 and my life expectancy is about 2...
by technovelist
Tue Dec 16, 2014 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 52
Views: 5211

Re: How do you factor entitlements into your investing plan?

I did not realize that Social Security is an entitlement program. Perhaps, if I paid nothing into Social Security, that would be an entitlement, if I expected to receive something. However, having paid the maximum to Social Security, I don't feel that the correct term is entitlement. I feel more li...
by technovelist
Tue Dec 16, 2014 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: A perfect profession
Replies: 61
Views: 7128

Re: A perfect profession

Sounds like a perfect profession for "This Perfect Day" (http://en.wikipedia.org/wiki/This_Perfect_Day).
by technovelist
Fri Dec 12, 2014 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: (Poll) Did you tap into emergency fund in the past 10 years?
Replies: 64
Views: 6233

Re: (Poll) Did you tap into emergency fund in the past 10 ye

I voted "no" even though we recently had foundation repair and related house repair bills totaling about $15K. That's because I knew several months in advance that we were going to have to do those repairs, and saved up that much extra cash before the repair bills actually came in.
by technovelist
Fri Dec 12, 2014 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Social security spousal benefit recalculation?
Replies: 1
Views: 713

Social security spousal benefit recalculation?

(I did a search but couldn't find an answer to this question, although of course I might have missed something.) My wife claimed her SS benefit at 62, as did I, as we were without other income at that time. Her earned benefit was less than half of mine, so she got a spousal benefit of about $150/mon...
by technovelist
Thu Dec 11, 2014 6:04 pm
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 122
Views: 11834

Re: Why don't YOU follow Buffett's advice?

I followed his lead - asked CEOs for preferred stock in their companies and other preferential treatment. They never got back to me. Maybe I need to get a mistress and throw money at Hillary Clinton. Well, there's always Tesco. In other words, Buffett's advice is an example of "Do as I say, no...
by technovelist
Mon Dec 08, 2014 6:08 pm
Forum: Personal Consumer Issues
Topic: Ad hoc travel to Antarctica
Replies: 51
Views: 3061

Re: Ad hoc travel to Antarctica

Yesterday, someone has mentioned that the cheapest way to travel to Antarctica is to come to Ushuaia, Argentina, a port, from which tour boats for Antarctica depart. Supposedly, most boats have some empty cabins and they are happy to sell them at the last moment at a fraction of the price. I have s...
by technovelist
Thu Nov 13, 2014 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 54068

Re: If your networth is over $3 million, how did you do it?

It's pretty simple to end up with a lot of money: 1. Have a high paying job with few or no periods of long unemployment. 2. Live below your means and save most of your income. 3. Be "fortunate" enough to live in an era of inflation that erodes the value of the currency over time. Of course...
by technovelist
Mon Nov 10, 2014 8:23 pm
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 5682

Re: My DISH tv bill just keeps going up and up

I'm back to the $6/month "vacation" package, which IMO is the best bargain they have.
by technovelist
Sat Nov 08, 2014 10:05 pm
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 5682

Re: My DISH tv bill just keeps going up and up

That reminds me that I have to call them on Monday and threaten to cancel unless they put me back on vacation.
That costs $6/month and we get AXS, which is the best channel they have anyway.
by technovelist
Thu Nov 06, 2014 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Cobra - might you be an expert
Replies: 13
Views: 1063

Re: Cobra - might you be an expert

I'm pretty sure you are out of luck with COBRA if your (ex-)employer drops health care coverage. At least that's what the documentation said when I was on COBRA a few times in the past, but ACA may have changed that. You need to talk with a real expert. I see someone has already suggested a public f...
by technovelist
Thu Nov 06, 2014 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Selling to take LTCG, no wash?
Replies: 8
Views: 647

Re: Selling to take LTCG, no wash?

I don't think you are missing anything, at least with respect to federal income taxes. I see a number of posters have pointed out some of the other interactions.

Yes, TT or the like is a big help in what-ifs.
by technovelist
Thu Nov 06, 2014 2:08 pm
Forum: Personal Consumer Issues
Topic: Your very first email
Replies: 60
Views: 2841

Re: Your very first email

You know, I don't remember... I know it was before 1990 but not how long before. 1986 maybe? I had a Compuserve account around that time frame. Now that I think about it for a few more minutes, I'm pretty sure that I had some kind of email account on a PDP-10 I was writing code for in the early 1970...
by technovelist
Thu Oct 30, 2014 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 3102

Re: That stress-relieving thing you do at work

Agree on the plans to do something pleasurable. According to what I've read, the longer in advance that you plan something like that, the more overall value you get from it.

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