Thanks all. Actually i was trimming around the edges. What i sold were all large cap stocks such as Exxon and Johnson and Johnson. My intellectual and gut level responses are not meshing.
I'll set up fund exchange in the mutual fund acct., and limit order in the brokerage acct. At some point the money will all be invested. I just have to make certain i do not spend more than i have.
Actually, what I will probably do is set up some dollar cost averaging, and also put in limit orders. It will be kind of a first come first served approach. The dollar cost averaging will take place over about 6 months. Of course I have to wait for today's trades to clear. When the 500 index hit 154...
I had a similar experience to Nisi with Sotheby's. i took my Miro litho to their Palm Beach office. They valued it at 15k. They crated it and shipped it to their NY auction house. In NY, lo and behold, it was only valued at 9K. If i wanted it back i had to pay for crating shipping and insurance plus...
Hi Bogleheads, I recently sold 60K of individual equities in my IRA and 60K in my taxable account. I want to use the proceeds to buy Vanguard Total Stock Mkt Index Fund. Do I do lump sum; dollar cost averaging; or set up limit orders in each account for the ETF with 30K invested with the trigger pri...
Bmw's are fairly expensive to maintain, but are excellent cars. The rear wheel drive, and the engine sitting behind the front axle give them superior handling. Front wheel drive cars with the engine sitting over the drive wheels gives them good traction in snow. I drove a 3 series for years and i fo...
I found a dry cleaner that takes cash for orders below $15, and charges half of what other cleaners charge. They do a great job. I have my suits dry cleaned and my dress shirts done. I would only wash wool that says washable wool. My sweaters get hand washed in woolite, since i don't like chemicals,...
I am considering a manual Cayman, Scion FRS, or BMW 128. They are fun to drive and match my level of driving skill. I would consider a Miata, but i don't want a convertible. OK, the Cayman is probably beyond my skill level.
I bought a Rolex in the 1960's and wore it for many years. Then i dropped it. It never kept proper time after that, in spite of sending it to Rolex. I have owned expensive cars in the past, and have enjoyed owning all of these things. Maybe i got it out of my system. When i wore the Rolex my Dad had...
I wear both. The fit of a pair of pants depends on the "rise," size of the seat, the break of the leg at the knee, cuff size and several other measurements. At 5'8" you are just on the edge of a short rise slack. Most off the rack pants tend to have a shorter rise at 33" and belo...
My wife and I are going to be in Los Angeles as tourists, for a week next month. We are in our mid sixties. We will have a rental car. Suggestions on where to stay? We have the book, "Discover Los Angeles," by Letitia Burns O'Connor. We plan to visit museums, campuses such as the Art Cente...
Dear Mr. Braham, Thank you for your thoughtful note. The latest N-PX filing that I can find for Vanguard is June 30, 2011. I found this very disappointing in that Vanguard voted with the management and for their compensation packages virtually all of the time. I did contact Vanguard and received a r...
GammaPoint, yes it does worry me. nisiprius makes the salient point, that a share of stock is ownership in a company. Owning a share in an equity mutual fund is indirect ownership, but ownership nonetheless. I do care about corporate governance including political contributions, executive pay, pollu...
I would make one small note. The role of many venture capitalists is not only to supply capital, but they often provide other resources and often sit on the board of the developing company, providing expertise in many matters. If I could find an Arthur Rock, and he wanted me to invest, I would. I do...
The Arthur Rock's of this world are few and far between. Maybe he was the right person in the right place at the right time. My point is that there are a huge number of new ideas and devices. Picking the venture capitalist who can successfully pick who can turn an idea into a successful business is ...
"His Excellency, George Washington," by Joseph Ellis. I was recently in Wash, DC and visited Mt. Vernon. I was intrigued by the film shown depicting Washington as a heroic, brave, honest individual. I wondered about the man, and the politics of the time. Also, i was curious about the contr...
Stock "pooling" a form of market manipulation was common in the 1920's. Large amounts of capital have always been able to move individual stocks, and markets. Propaganda is also able to move markets. Computer trading can probably move markets, if the traders have enough capital. Not to get...
The quality of outpatient care may be equivalent between a Medicare Advantage plan and traditional Medicare, but inpatient care may be another matter. Also, if one needs a procedure where there may be some controversy over the benefit, such as operating on a brain tumor which may be costly. Some HMO...
I would look up the structure of his fund, the trustees, and the fund's proxy voting record. I would ask him how he or the board determines how they make the decision to vote the shares, what he thinks about executive pay, and separation of the board from management. I would also like to know whethe...
I had an account at Smith Barney. When I decided to transfer my account, the "advisor" offered to let me in on "hot" IPO and other purchases open only to "preferred" clients. I transferred. My father who was in the early to middle stage of dementia had an account at a f...
Garland: I too share your reservations about the US and European markets and economies. Not investing in developed European markets leaves out investing in the Nestle's, Autoliv's and other companies with international business listed on European exchanges. Does this make a difference? A country's e...
Anger, envy and greed will get you nowhere. I have found all the people I worked with had some good qualities, even the deadbeats. I agree with the other posters. Success is hard work and luck. Read "Outliers" by Malcolm Gladwell. I had a lot of advantages growing up, even though I didn't ...
My grandmother never owned a car or drove. She always took taxi's. I don't know about cost, but she had a lot less headaches than I have, with car maintenance. I would love to not own a car. I rent cars frequently, and for months at a time. Any problems, I return them and get another. Enterprise has...
If the hardware for the verticals is OK then you can get new slats for the verticals. If the hardware sticks, you can lubricate the mechanisms with silicone spray. Try to not get the silicone on glass, since it is hard to clean. There are many different choices for slats and inserts in slats. You ca...
"Outliers," by Malcolm Gladwell. Non fiction about what makes exceptional people exceptional. Necessary and sufficient condition. Easy reading. Posits that one needs 10,000 hours experience to be good at something, and that our cultural heritage has a great influence on who we are. By thes...
The 2013 Fusion will come out this fall. The front design is reminiscent of an Aston Martin. Ford stumbled with their automated manual transmission in the Focus. I would probably wait on the new Fusion, and not buy it when it debuts. But that is just me. I currently drive a 2003 Camry, so you can se...
The Ford Taurus came out in 1986. Donald Petersen asked Jack Telnack to design a new mid sized car. He came back with a conventional design. Petersen asked Telnack if that is what he would like to park in his driveway. Telnack then came back with what he and his team liked. Petersen green lighted th...
If you are in a hurricane area, check availability and cost of homeowners insurance. Also check the rating of the companies offering the insurance. It would be a shame to put a lot of your net worth into a house that may become a loss. If it applies, check the cost of a homeowner's association, and ...
another approach to being taken seriously at the dealerships is to do your research online first. Build a spreadsheet and really understand the difference between MSRP, Invoice, dealer cost. Know about incentives, cash back to dealers, and hold backs. add rows/columns for your analysis between deal...
"The Lost Continent." Bill Bryson. He drives his mother's Chevette around the United States in 1987 in search of the perfect small town. He ends up where he started, but in the interval reviews truck stops, state troopers, and Motel 6.
AQ: Pat, my dear wife for 60 years, is in the critical care unit at Mercy Hospital in Miami trying to recover from open-heart surgery. It is at times like this that we learn what's really important -- and it's not "dollars". Best wishes. Taylor Hope all goes well for her and you I also ho...
Maybe Dan Wiener is related to Joe Goebbels. If you repeat that lie long enough, people will believe it. Assuming Mr. Wiener is Jewish, this is perhaps the most offensive post I've ever seen on this site. Disgusting. Edward Bernays, who was Sigmund Freud's wife's nephew wrote the book, "Propag...
I used to get Dan Weiner's investment letter. He has timed signals to sell one Vanguard Fund and buy another. I also used to get Bob Brinker's Marketimer newsletter. The bottom line is that both are a waste of time, and are actually detrimental to long term growth of one's investments. Investors who...
I can't help it. I still buy individual stocks. I should probably go to Las Vegas, gamble, and find some showgirl who is 6 inches taller than I am. That said, most of my equities are in low cost index mutual funds. One of the problems I have with individual stocks is that I never know when to sell. ...