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Re: Ancestry Tests

Information on DNA testing for Native American ancestry can be found at: http://dna-explained.com/2012/12/18/proving-native-american-ancestry-using-dna/ The explanation is highly complex. I have a similar situation, as there is a vague rumor that my father's family, way back, includes Native America...
by wastenot
Sun Mar 23, 2014 9:37 pm
 
Forum: Personal Consumer Issues
Topic: Ancestry Tests
Replies: 19
Views: 1915

Re: What age to buy I bonds?

dad2000 wrote:I like them because they are very adaptable:


- They are the best inflation hedge (along with TIPS, but I prefer I-bonds in taxable space)


In my opinion, I-bonds are even better than TIPS because they can never decline in value. In 2013, for example, TIPS funds dropped about 7% (IIRC).
by wastenot
Wed Mar 05, 2014 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: What age to buy I bonds?
Replies: 29
Views: 2524

Re: Spending money abroad

Due to personal experience, I always like to carry several hundred dollars (kept in a money belt) when traveling abroad. Here are some of my learning experiences: (1) I had to catch a 6 A.M. flight to Canada. At 4 A.M., I went to the lobby of my apartment building and put my card in the slot of the ...
by wastenot
Mon Jan 06, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Spending money abroad
Replies: 46
Views: 2370

Re: Are Bogleheads "robots with Excel Spreadsheets?"

I have doubts about the expertise and intentions of activists such as Ms. Ghilarducci. Governments in Argentina and Poland have seized private pension plans in exchange for "government guaranteed" retirement payouts, and Ms. Ghilarducci has been accused of moving toward this doleful strate...
by wastenot
Sun Dec 29, 2013 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: Are Bogleheads "robots with Excel Spreadsheets?"
Replies: 74
Views: 3850

Re: To Roth or not to Roth

Concern about future tax increases is another reason a Roth might make sense. To me, this is the essence of the advantage of converting to a Roth. Nobody knows what future tax rates will be, but I am convinced they have to go MUCH higher (for reasons beyond the scope of the BH list.) As to when tax...
by wastenot
Mon Dec 09, 2013 11:52 am
 
Forum: Investing - Theory, News & General
Topic: To Roth or not to Roth
Replies: 28
Views: 2393

Re: Jeremy Grantham-on the equity markets next 2 years

Verbal punditry is worth the paper it's written on. Jeremy Grantham strikes me as a thoughtful sort of guy, but IMHO his views don't amount to much unless they face the ultimate reality test of actually plunking down money in a portfolio. And as we all know, timing is timing.
by wastenot
Sun Dec 08, 2013 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Jeremy Grantham-on the equity markets next 2 years
Replies: 10
Views: 1888

Advantages to Dual Citizenship?

I was born in the U.S. but two of my grandparents were born in Ireland, so I qualify for Irish citizenship. The process would take several months, submitting certified documents to Dublin and paying a few hundred dollars in order to get an Irish passport. In the opinion of experienced Bogleheads, is...
by wastenot
Fri Nov 22, 2013 9:27 pm
 
Forum: Personal Consumer Issues
Topic: Advantages to Dual Citizenship?
Replies: 34
Views: 2788

Re: I-Bonds vs. TIPS funds

Thanks for all your comments. To clarify matters, I am speaking specifically of TIPS in a TIRA, not TIPS bonds owned outright. And I should have stated that in cashing in my TIPS TIRA funds to buy I-Bonds at a reduced tax rate, I am building up my cash portfolio as part of the Permanent Portfolio st...
by wastenot
Tue Nov 19, 2013 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: I-Bonds vs. TIPS funds
Replies: 7
Views: 1079

I-Bonds vs. TIPS funds

I am not too far away from Required Minimum Distributions (RMDs), and this deadline raises a question regarding the comparative value of I-Bonds vs. TIPS funds held in a traditional IRA. Both protect against inflation, but as the years go by I tend to favor I-Bonds over TIPS funds in a traditional I...
by wastenot
Sun Nov 17, 2013 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: I-Bonds vs. TIPS funds
Replies: 7
Views: 1079

Re: Gee, I coulda had an I-Bond instead!

That's another way to overpay your taxes (have Vanguard withhold 100% of a $5000 withdrawal, or alternately, withhold $5000 more than normal on a larger withdrawal). Hopefully this is a RMD, since I wouldn't ordinarily recommend taking unneeded withdrawals from one's IRA just to buy I Bonds. And ye...
by wastenot
Sun Nov 17, 2013 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: Gee, I coulda had an I-Bond instead!
Replies: 53
Views: 4509

Re: Gee, I coulda had an I-Bond instead!

As an alternative, in order to get $5,000 extra in I-bonds, could I cash in a traditional IRA before Dec. 31 of this year and ask Vanguard to send to the IRS a withholding that will cover the $5,000 I-bond? In this way would I receive this extra amount in I-Bonds when I pay my 2013 taxes in early 20...
by wastenot
Sun Nov 17, 2013 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Gee, I coulda had an I-Bond instead!
Replies: 53
Views: 4509

Re: iBonds for tax sheltering

I-Bonds are excellent for tax deferral. I especially like the way they keep pace with inflation while having the added benefit of never declining in value during periods of deflation. In this aspect they are superior to TIPS funds. So, in my opinion, they are a win-win situation. My only regret is t...
by wastenot
Thu Nov 14, 2013 1:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: iBonds for tax sheltering
Replies: 18
Views: 1592

Re: Harry Browne Permanent Portfolio question

There are large numbers of investors who would benefit greatly from the "standard stuff" recommended by the likes of John Bogle, William Bernstein, Harry Browne, Larry Swedroe, Rick Ferri, etc. Sadly, this legion of uninformed and (literally) misguided investors has little or no understan...
by wastenot
Thu Nov 14, 2013 11:55 am
 
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio question
Replies: 73
Views: 4252

Re: Harry Browne Permanent Portfolio question

Who was Harry Browne, and what were his qualifications as a finance/economic/investment expert anyway? An advertising and sales executive who admitted they got lucky with gold and that boasted that you can "dine out for the rest of his life" on a single prediction that came true. Clive ha...
by wastenot
Thu Nov 14, 2013 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio question
Replies: 73
Views: 4252

Re: Food Dehydrators

I use my dehydrator mainly for preparing backpacking meals. The freezedried meals you buy in stores are expensive and loaded with salt (as much as 80% of the recommended daily sodium portion per meal). Ugh! But even people who do not go backpacking can benefit from dehydrating, which is very cost-ef...
by wastenot
Sun Nov 10, 2013 1:42 pm
 
Forum: Personal Consumer Issues
Topic: Food Dehydrators
Replies: 15
Views: 1310

Re: the state of unfunded state pension obligations

The central question for me is: Why didn't the unions complain loudly or file lawsuits during the years and even decades when state legislatures were shortchanging their mandated pension contributions? And for those who believe that they can get blood out of the fiscal onion, read Kotlikoff and Burn...
by wastenot
Fri Aug 30, 2013 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: the state of unfunded state pension obligations
Replies: 90
Views: 5174

Re: Gold and DJIA: What is going on?!

[quote="wastenot"] Here we go again. To paraphrase a Chinese statesman, "It doesn't matter whether a cat is white, black or gold-colored as long as it catches mice." quote] Bottom Line: When the white and black cats are failing at their job of catching mice, investors should flee...
by wastenot
Fri Aug 23, 2013 4:01 pm
 
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 7674

Re: Gold and DJIA: What is going on?!

(gold) takes capital away from real returning assets. That's the problem. Gold pays no dividends, no interest and has no real growth. It is a storage of wealth if purchased at the right price (about $600 per ounce), it is not an investment that grows grow wealth Rick Ferri Here we go again. To para...
by wastenot
Fri Aug 23, 2013 8:57 am
 
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 7674

Re: Gold and DJIA: What is going on?!

I can pan gold because it is a short-term trading vehicle, not a long-term buy and hold investment. And owning it takes away from cash producing stocks and bonds. If you're timing isn't right, you're stuck in a non-performing asset for 20 years. But Rick, just two postings ago you conceded that sto...
by wastenot
Thu Aug 22, 2013 8:06 pm
 
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 7674

Re: Gold and DJIA: What is going on?!

Every investment that has a return over the inflation rate has periods when it underperforms the inflation rate; stocks, nominal bonds, real estate, TIPS, whatever. There is no investments that generate a real-risk free return every year. Rick Ferri Now, at long last, we seem to be making some prog...
by wastenot
Thu Aug 22, 2013 7:02 pm
 
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 7674

Re: Gold and DJIA: What is going on?!

My view on gold (commodities) is that it doesn't pay interest or dividends Gold has no growth, no earnings, and is not a going concern. It just sits there, looking pretty, and waiting for someone to come along and pay a premium price. Rick Ferri I hesitate to disagree with one of the outstanding BH...
by wastenot
Tue Aug 20, 2013 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 7674

Re: [Sad news - Pat Larimore]

Dear Taylor:

My heartfelt condolences to you and your family on the terrible loss you have suffered.
by wastenot
Mon Jul 22, 2013 10:39 am
 
Forum: Investing - Theory, News & General
Topic: [Sad news - Pat Larimore]
Replies: 225
Views: 15422

Re: Wrist Watches

Personally, I believe Casio meets all of the requirements to be deemed the Official Bogleheads Watch. My last one cost about $20 and I have had it for five years or so. The plastic wristband usually wears out before the watch's innards expire from old age. And at restaurants I usually order the Bogl...
by wastenot
Sun Jul 14, 2013 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Wrist Watches
Replies: 81
Views: 5736

Re: Invest like a chicken

In 2007 I was fine-tuning my portfolio, thinking of retiring in 2010. We all know happened next, in 2008. The wisdom of the age-old lesson is: "Don't count your chickens before they hatch." :twisted: But thanks to the miracle-working providence of Mr. Market, the various portfolio loaves, ...
by wastenot
Mon Jul 08, 2013 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Invest like a chicken
Replies: 16
Views: 2026

Re: What was your worst investment?

My worst investment was *not* investing in I-bonds when they were paying phenomenal rates, on top of the inflation rate. This failure occurred over a decade ago, when I had just started browsing the Bogleheads list but was not yet sure about the wisdom of following Mel's advice to back up the truck ...
by wastenot
Thu Jul 04, 2013 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What was your worst investment?
Replies: 100
Views: 7254

Re: Big Island Hawaii

Do you have an opinion of Waipio vs. Pololu? If I could add a comment, visitors are often surprised by the distances that need to be covered on the Big Island, which is the largest island in the state and is bigger than Connecticut. Visiting both the Waipio and Pololu Valleys (if you are staying in...
by wastenot
Thu Jul 04, 2013 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Big Island Hawaii
Replies: 45
Views: 3593

Re: Big Island Hawaii

Are you referring to the first part of the Kalalau Trail? As far as the Na Pali coast, do think it's better to see via boat or helicopter? Yes, the hike to Hanakapiai Valley is the first part of the very rugged (but rewarding) Kalalau Trail. But unlike the full Kalalau Trail, you do not need a perm...
by wastenot
Thu Jul 04, 2013 6:24 pm
 
Forum: Personal Consumer Issues
Topic: Big Island Hawaii
Replies: 45
Views: 3593

Re: Big Island Hawaii

Moving on to Kauai, in my opinion the most beautiful part of the island, if you enjoy lush, soaring mountains, profuse tropical vegetation, and splendid beaches, is the Hanalei area. A day hike to the Hanakapiai Valley is recommended (but avoid the urge to swim at the splendid beach, as there have b...
by wastenot
Thu Jul 04, 2013 6:00 pm
 
Forum: Personal Consumer Issues
Topic: Big Island Hawaii
Replies: 45
Views: 3593

Re: Big Island Hawaii

Hawaii is one of my favorite places on this planet. I am thinking of moving there and visit as much as I can. Good (and inexpensive) adventure day tours of the Big Island are given by two hostels: Arnott's Lodge and the Hilo Backpacker's Hostel. These tour sponsors take small groups to places in the...
by wastenot
Thu Jul 04, 2013 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Big Island Hawaii
Replies: 45
Views: 3593

Re: i-Bond > TIPS Fund if SEC yield < i-Bond rate?

The major drawback of TIPS funds compared to I-bonds, in my opinion, is that TIPS funds can and do decline in value during periods of deflation. This doesn't happen often, but in the event of a 1930s-style depression, the fall of the funds would be devastating. I-bonds, in contrast, never decline in...
by wastenot
Wed Jul 03, 2013 10:14 am
 
Forum: Investing - Theory, News & General
Topic: i-Bond > TIPS Fund if SEC yield < i-Bond rate?
Replies: 4
Views: 722

Re: Garlic anyone?

I used to work next to a pizza parlor. Every day at 11:00 A.M. the cooks would fire up their ovens and begin making pizza for the lunch rush hour. So at 11:00 the garlic haters among my colleagues cringed and made wry faces when the strong smell of garlic wafted through our workplace. As for me, I s...
by wastenot
Mon Jun 24, 2013 12:05 pm
 
Forum: Personal Consumer Issues
Topic: Garlic anyone?
Replies: 51
Views: 4480

Re: QUESTIONS FOR Q&A WITH JACK BOGLE

Dear Mr. Bogle:

Considering the massive unfunded liabilities being accumulated by federal, state and city governments, do you believe it is necessary for governments to undertake significant reductions in spending?
by wastenot
Fri Jun 21, 2013 9:37 am
 
Forum: Investing - Theory, News & General
Topic: QUESTIONS FOR Q&A WITH JACK BOGLE
Replies: 36
Views: 6308

Re: Serenity Prayer for Indexers

From IndexUniverse.com: http://www.indexuniverse.com/hot-topics/18980-nate-silvers-serenity-prayer-for-indexers.html “God give me the serenity to accept the things I cannot predict, the courage to predict the things I can, and the wisdom to buy index funds,”" Nate Silver's serenity prayer is f...
by wastenot
Tue Jun 18, 2013 2:32 pm
 
Forum: Investing - Theory, News & General
Topic: Serenity Prayer for Indexers
Replies: 9
Views: 1257

Re: New York City Local Chapter established

Count me in for the NYC chapter. As to a meeting place, bars tend to be noisy an dark. In addition, Manhattan bars and coffee shops tend to get impatient when people sit together for a long time without buying a lot on the menu. Could I suggest that you call the NY Public Library branch called the S...
by wastenot
Mon May 27, 2013 8:27 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: New York City Local Chapter established
Replies: 99
Views: 8257

Re: Switching Funds Between Roth IRAs?

neurosphere wrote:The holding periods for Roth ira do NOT apply to individual funds. It applies only to the "cash" which comes into and out of the account.


NS


Thanks for the clarification, NS. This information is all I needed to know.
by wastenot
Tue May 14, 2013 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds Between Roth IRAs?
Replies: 2
Views: 175

Switching Funds Between Roth IRAs?

I am over 60 and thinking of transferring part of my Roth portfolio into a new fund, but I may not want to hold it for 5 years before withdrawing a portion of it tax-free. Can I avoid the tax on early withdrawals before the 5-year waiting period by switching some of the money in the new fund into an...
by wastenot
Tue May 14, 2013 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switching Funds Between Roth IRAs?
Replies: 2
Views: 175

Re: NYC Co-op Renovation

There are two basic problems involved with repairs and alterations to a New York City coop: (1) dealing with contractors, and (2) dealing with the coop board. I bought a new coop in 1997 and have not made any major changes since then, so I cannot comment on the travails associated with contractors. ...
by wastenot
Sat Mar 30, 2013 8:50 pm
 
Forum: Personal Consumer Issues
Topic: NYC Co-op Renovation
Replies: 14
Views: 1352

Re: POLL: Withdrawal Rates For Real Retirees

I retired in August, planning to withdraw 2.5% for the next four years or so. Thank goodness I have a DB pension which covers basic expenses. After 4 years, when I begin taking SS, a higher SWR would be justified. But actually, this year I have withdrawn nothing from my portfolio since retiring. Aft...
by wastenot
Sun Mar 17, 2013 4:04 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Withdrawal Rates For Real Retirees
Replies: 79
Views: 5613

Re: Treasury Direct - A Cautionary Tale

I disagree with some of the objections to TD's strictness in this thread. In dealing with investment companies and a broker, I have been repeatedly dismayed by a laxity in account security procedures, possibly leading to the withdrawal of all of our hardearned money and dispatching it to a post offi...
by wastenot
Mon Mar 11, 2013 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct - A Cautionary Tale
Replies: 15
Views: 2180

Re: What's Your Favorite Hot Sauce?

Frank's...... I put that $&@t on everything! The problem with Frank's is that it has twice or three times as much sodium as other brands. For those of us on a low sodium diet, Frank's is unfortunately verboten. :annoyed I love the La Morena brand homemade style chipotle sauce, but it also has a...
by wastenot
Thu Mar 07, 2013 8:48 pm
 
Forum: Personal Consumer Issues
Topic: What's Your Favorite Hot Sauce?
Replies: 84
Views: 3471

Re: Will I be too cash poor?

MrMatt2532 wrote:Also, it appears you might be in the 15% bracket: 57k-8.55k-3.9k-6.1k-3.25k < 36.25k


I understand the 57k salary part , but could you please specify what each figure listed above represents? Thank you.
by wastenot
Sat Jan 26, 2013 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Will I be too cash poor?
Replies: 17
Views: 2330

Re: London vs. New York

There's more old world civility than New York but it's not really an English city any more-- people from all the world. I always enjoy VT's contributions and I would like to chime in with a few comments on the two cities. I live in NY and have visited London several times and always enjoyed it. New...
by wastenot
Fri Jan 25, 2013 3:01 pm
 
Forum: Personal Consumer Issues
Topic: [Living in] London vs. New York
Replies: 28
Views: 3162

Re: mad money

This is a serious forum, and I was annoyed when a previous poster recommended that the OP "bet it all on the red."

Sober and responsible investors, the kind of people here on the Bogleheads forum, know that the only responsible thing to do is to bet it all on the black. 8-)
by wastenot
Mon Jan 21, 2013 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: mad money
Replies: 22
Views: 2200

Re: ROTH conversions to avoid RMD

Another factor to take into account is future tax rates. After reading Kotlikoff's book, The Coming Generational Storm, I am convinced (for reasons that cannot be discussed on this list) that just about *everybody* will be paying substantially higher taxes in the future. The only question in when th...
by wastenot
Sun Jan 20, 2013 6:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: ROTH conversions to avoid RMD
Replies: 12
Views: 1422

Re: Gold: Not for speculation but for the long term

Rainier wrote:Rocks contain metals. Gold is just a shiny rock made out of one metal... In the end, it's just a rock.


Well, if you see any of those shiny rocks laying around, please put them in a box and mail them to me. I guarantee to pay your postage! :sharebeer
by wastenot
Mon Jan 07, 2013 12:40 pm
 
Forum: Investing - Theory, News & General
Topic: Gold: Not for speculation but for the long term
Replies: 32
Views: 2372

Re: At what age did your health start to limit your hobbies?

I enjoy sports but have never been especially athletic. In my 40s I took up sea kayaking and paddled frequently, including several wonderful weeklong kayaking trips along the Maine coast. At the age of 59, after giving up paddling for several years, I again went to Maine to go kayaking, preceded by ...
by wastenot
Fri Jan 04, 2013 5:33 pm
 
Forum: Personal Consumer Issues
Topic: At what age did your health start to limit your hobbies?
Replies: 95
Views: 7969

Re: Insuring Safe Deposit Box at Bank?

[quote] Have you checked your homeowner's insurance policy?/quote]

Yes, but the policy does not include holdings in a bank safe deposit box.
by wastenot
Sat Dec 29, 2012 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insuring Safe Deposit Box at Bank?
Replies: 6
Views: 738

Insuring Safe Deposit Box at Bank?

How many Bogleheads insure the contents of their bank safe deposit box? Of those who do, what insurance companies offer competitive quotes? It is my understanding that banks do not insure the contents of the safe deposit boxes on their premises. In my bank deposit box I keep some gold coins and the ...
by wastenot
Sat Dec 29, 2012 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insuring Safe Deposit Box at Bank?
Replies: 6
Views: 738

Re: Bank in NYC? Experience w Chase or First Republic?

I live in NYC and use Chase. It is satisfactory. I have no experience with First Republic. The only firm recommendation I would make is to stay away from the Bank of New York, which I believe focuses primarily on large account holders. I had some bad experiences there.
by wastenot
Sun Oct 07, 2012 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank in NYC? Experience w Chase or First Republic?
Replies: 17
Views: 1488
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