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  Topic: It can happen to you.
nisiprius

Replies: 18
Views: 1679

PostForum: Investing - Theory, News & General   Posted: Sat Nov 21, 2009 1:33 pm   Subject: It can happen to you.
...the guy deserves to lose the money. He's either a fool or a crook himself.I don't think this could happen to meNo sympathy from me whatsoever.Doubt it could happen to me.A very confident group.How ...
  Topic: November 22, 1963: Where Were You?
nisiprius

Replies: 26
Views: 572

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Sat Nov 21, 2009 12:55 pm   Subject: November 22, 1963: Where Were You?
I was in the corridor somewhere between building 7 and building 10, on my way to class. And it was a Friday.

The way I know is that at MIT, the monthly humor magazine, "Voo Doo" disliked ...
  Topic: How about taking everything out of stocks no matter what age
nisiprius

Replies: 26
Views: 1287

PostForum: Investing - Theory, News & General   Posted: Sat Nov 21, 2009 8:38 am   Subject: How about taking everything out of stocks no matter what age
I firmly believe that it is much better for me to be 25% in stocks all the time than to be out of stocks half the time and 50% in stocks half the time.

The reason is that both of them put me 25% i ...
  Topic: New Book Titles from Nisiprius Press
nisiprius

Replies: 7
Views: 425

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Sat Nov 21, 2009 7:36 am   Subject: New Book Titles from Nisiprius Press
Nisiprius Press, the publishing arm of Nisiprius Investments LLC, is very excited about some new titles we are issuing late this month, just in time for Christmas. Preorder them today at Amazon!

In ...
  Topic: Diversify Aggresively
nisiprius

Replies: 21
Views: 1202

PostForum: Investing - Help with Personal Investments   Posted: Sat Nov 21, 2009 6:58 am   Subject: Diversify Aggresively
If you want to "diversify," you need both stocks and bonds.

Don't assume that "stocks" = "more." Don't assume "more" = "better." And above all, d ...
  Topic: Classical music suggestions
nisiprius

Replies: 69
Views: 2419

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Fri Nov 20, 2009 9:14 pm   Subject: Classical music suggestions
Many of these suggestions are quite good. but I believe the OP is somewhat new to classical music; some of the suggested works might be a little overwhelming to him. I love Mahler and consider him to ...
  Topic: Domestic vs. International exposure
nisiprius

Replies: 27
Views: 1355

PostForum: Investing - Theory, News & General   Posted: Fri Nov 20, 2009 7:44 pm   Subject: Domestic vs. International exposure
The reason why this is such a contentious topic is because there's no evidence that it matters very much. Stocks are stocks and foreign stocks are behave pretty much like domestic stocks. The past is ...
  Topic: It can happen to you.
nisiprius

Replies: 18
Views: 1679

PostForum: Investing - Theory, News & General   Posted: Fri Nov 20, 2009 3:50 pm   Subject: It can happen to you.
Of course I could be scammed. What sort of smug bravado is this, we all think we're too clever?

The main reason I hasn't happened to me is I don't move in circles or have the sort of money for peo ...
  Topic: Magic Formula Investing by Joel Greenblatt
nisiprius

Replies: 13
Views: 774

PostForum: Investing - Help with Personal Investments   Posted: Fri Nov 20, 2009 3:23 pm   Subject: Magic Formula Investing by Joel Greenblatt
Amazon "look inside the book," p. 48. emphasis supplied:Of course, you're still probably thinking it won't work or it'll be too hard or there's something wrong with a book that even claims t ...
  Topic: Anyone selling TIPS?
nisiprius

Replies: 33
Views: 1802

PostForum: Investing - Theory, News & General   Posted: Fri Nov 20, 2009 1:42 pm   Subject: Anyone selling TIPS?
What's the point of selling them? What would I buy with the proceeds?

More TIPS, and if the ones I sell are up, so are the ones I buy.

It's the basic problem of fixed-income assets. If what yo ...
  Topic: Gold
nisiprius

Replies: 33
Views: 2140

PostForum: Investing - Help with Personal Investments   Posted: Fri Nov 20, 2009 12:03 pm   Subject: Gold
And unfortunately, gold is prone to speculation...The price of gold is essentially pure speculation, even during "normal" times. I think advocates of gold will acknowledge that as a simple f ...
  Topic: US Airways and MasterCard ripoff scam
nisiprius

Replies: 21
Views: 1244

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Fri Nov 20, 2009 9:53 am   Subject: US Airways and MasterCard ripoff scam
American Airways...

Picky, picky, picky Rolling Eyes ...

- RonYou're lucky I came that close.

I still can't process the idea of TWA, Eastern Airlines, and Pan American all being gone.
  Topic: Oasis of the Seas - the new Titanic?
nisiprius

Replies: 38
Views: 1574

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Fri Nov 20, 2009 9:48 am   Subject: Oasis of the Seas - the new Titanic?
Be optimistic: hopefully, the new [url=http://en.wikipedia.org/wiki/HMHS_Britannic]Britannic.
  Topic: US Airways and MasterCard ripoff scam
nisiprius

Replies: 21
Views: 1244

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Fri Nov 20, 2009 6:31 am   Subject: US Airways and MasterCard ripoff scam
P. S.

W. Douglas Parker, Chairman and Chief Executive Officer
US Airways Group, Inc.
111 West Rio Salado Parkway,
Tempe, Arizona 85281
  Topic: US Airways and MasterCard ripoff scam
nisiprius

Replies: 21
Views: 1244

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Fri Nov 20, 2009 6:28 am   Subject: US Airways and MasterCard ripoff scam
...most notably a 25,000
frequent-flyer mile bonus upon the first charge to the card
and payment of a $79 annual fee. Try this. Decide which organization you have the beef with. I'm thinking more an ...
  Topic: advisor says PABAX; i say VTSMX
nisiprius

Replies: 23
Views: 1025

PostForum: Investing - Help with Personal Investments   Posted: Thu Nov 19, 2009 8:52 pm   Subject: advisor says PABAX; i say VTSMX

http://img29.imageshack.us/img29/8067/picture29r.png
Over the past ten years, PABAX did enough better than VTSMX to make up for the load four time over.

Of course, VBINX... Razz

Fido charts do ...
  Topic: advisor says PABAX; i say VTSMX
nisiprius

Replies: 23
Views: 1025

PostForum: Investing - Help with Personal Investments   Posted: Thu Nov 19, 2009 7:31 pm   Subject: advisor says PABAX; i say VTSMX
Putnam Asset Allocation Balanced Fund, PABAX, is a... balanced fund, as its name suggests. Actually it has IMHO a weird allocation, 20% foreign bonds... but anyway... the Morningstar classification is ...
  Topic: Bogleheads will understand
nisiprius

Replies: 53
Views: 2910

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Thu Nov 19, 2009 7:13 pm   Subject: Bogleheads will understand
Speaking strictly for myself. I've commuted in to the city in various jobs about twenty years of my working life, and I've gotten panhandled a bit. It's a puzzle. I think I've tried every conceivable ...
  Topic: Classical music suggestions
nisiprius

Replies: 69
Views: 2419

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Thu Nov 19, 2009 6:20 pm   Subject: Classical music suggestions
You know, nobody has mentioned the marches of John Philip Sousa. Like Strauss waltzes, they're short... but oh, how beautifully constructed. When you listen to a good performance and a good stereo rec ...
  Topic: JOHN BOGLE'S NEW BOOK
nisiprius

Replies: 12
Views: 1420

PostForum: Investing - Theory, News & General   Posted: Thu Nov 19, 2009 3:01 pm   Subject: JOHN BOGLE'S NEW BOOK
I think it's very nice that Taylor, Mel, Laura, et. al. have been able to win some extra name recognition for Mr. Bogle, and I think it will be one of many things that will help him to be remembered l ...
  Topic: Ben Stein: 4 lessons from the recession
nisiprius

Replies: 13
Views: 2115

PostForum: Investing - Theory, News & General   Posted: Thu Nov 19, 2009 12:33 pm   Subject: Ben Stein: 4 lessons from the recession
Economic forecasting is still an extremely difficult gambit.I'm sure he meant to say "gambrel." :)Many truly big names said Perhaps someone who has truly sworn off gambolling might have wait ...
  Topic: Managed Payout Funds
nisiprius

Replies: 6
Views: 431

PostForum: Investing - Help with Personal Investments   Posted: Thu Nov 19, 2009 11:48 am   Subject: Managed Payout Funds
To give them credit, they have a brand-new video presentation of these funds. I don't know how long it's been there. I like it--it's about as close to honest as any company selling these things could ...
  Topic: Managed Payout "video review:" 3-1/2 stars
nisiprius

Replies: 1
Views: 188

PostForum: Investing - Theory, News & General   Posted: Thu Nov 19, 2009 11:31 am   Subject: Managed Payout "video review:" 3-1/2 stars
Kudos to Vanguard for their entirely new video presentation of their "managed payout" funds, available huge improvement over what they had before).

I give it 3-1/2 stars, and a PG rating- ...
  Topic: Managed Payout Funds
nisiprius

Replies: 6
Views: 431

PostForum: Investing - Help with Personal Investments   Posted: Thu Nov 19, 2009 10:50 am   Subject: Managed Payout Funds
I hate comparisons of managed payout funds and immediate income annuities. They shouldn't be compared. All they have in common is "more." That is, for the same commitment of funds, they mak ...
  Topic: Praise for Automatic Bill Payment (not online bill payment)
nisiprius

Replies: 45
Views: 2027

PostForum: Personal Finance (Not Investing)   Posted: Thu Nov 19, 2009 9:57 am   Subject: Praise for Automatic Bill Payment (not online bill payment)
Everyone to his own taste, but I think it is dangerous, for two reasons.

I've heard that air traffic controllers use the phrase "to have the picture" to mean having a good comprehension o ...
  Topic: Gold
nisiprius

Replies: 33
Views: 2140

PostForum: Investing - Help with Personal Investments   Posted: Wed Nov 18, 2009 7:48 pm   Subject: Gold
I'm about to consult two books that I trust. I don't necessarily take them as infallible but I do accept them as well-informed, neutral, sources of wisdom. My feeling is that if you're doing to do any ...
  Topic: I don't understand technical analysis
nisiprius

Replies: 17
Views: 805

PostForum: Investing - Theory, News & General   Posted: Wed Nov 18, 2009 9:53 am   Subject: I don't understand technical analysis
I was listening to the Motley Fool podcast yesterday and the fellow made the point that everyone can name great value investors - Warren Buffett, Peter Lynch, etc... but can you name even one great (w ...
  Topic: The "Income For Life" Retirement Portfolio Plan
nisiprius

Replies: 36
Views: 2434

PostForum: Investing - Theory, News & General   Posted: Tue Nov 17, 2009 10:58 pm   Subject: The "Income For Life" Retirement Portfolio Plan
you wait until your risky bucket has recovered and has met its price target.What if the wait is longer than you have? Shocked -GrandpaI am extremely suspicious of plans that advocate separating out st ...
  Topic: I don't understand technical analysis
nisiprius

Replies: 17
Views: 805

PostForum: Investing - Theory, News & General   Posted: Tue Nov 17, 2009 8:49 pm   Subject: I don't understand technical analysis
The Hanging Man? Sounds pretty arcane to me.
http://upload.wikimedia.org/wikipedia/en/2/2b/RWS_Tarot_12_Hanged_Man.jpg
  Topic: Stop/Loss Philosophy???
nisiprius

Replies: 8
Views: 563

PostForum: Personal Finance (Not Investing)   Posted: Tue Nov 17, 2009 8:41 pm   Subject: Re: STOP/LOSS Philosophy???
The markets look great now and it looks like a good time to review and/or protect gains with smart STOP/LOSS settings.

How do you determine these settings?

What is your philosophy and actions ...
  Topic: Fid. "Income Replacement" <$1M ???!!!!
nisiprius

Replies: 8
Views: 924

PostForum: Investing - Theory, News & General   Posted: Tue Nov 17, 2009 6:06 pm   Subject: Fid. "Income Replacement" <$1M ???!!!!
I found it hard to envision many scenarios where one would have a need for income ending in a specific known year.
At the risk of stating the obvious, an early retiree might want an income stream to ...
  Topic: Gold
nisiprius

Replies: 33
Views: 2140

PostForum: Investing - Help with Personal Investments   Posted: Tue Nov 17, 2009 5:31 pm   Subject: Re: Gold
I'm planning to buy gold on my taxable account. Any advice to whether is a good or a bad move. Thanks in advanced.It seems like an odd time to do it. Why did you decide to do it now of all times? What ...
  Topic: Would-Be TIPS Buyers Seek More Auctions
nisiprius

Replies: 11
Views: 949

PostForum: Investing - Theory, News & General   Posted: Tue Nov 17, 2009 3:46 pm   Subject: Would-Be TIPS Buyers Seek More Auctions
If the point is to serve the public, then I hope they will also consider raising the annual purchase limit on series I savings bonds back to $30,000.
  Topic: The "Income For Life" Retirement Portfolio Plan
nisiprius

Replies: 36
Views: 2434

PostForum: Investing - Theory, News & General   Posted: Tue Nov 17, 2009 12:28 pm   Subject: The "Income For Life" Retirement Portfolio Plan
1) How new can it be? You have a portfolio, you have some system for adjusting its allocation for time, you have some system for determining how much to withdraw from it.

2) The phrase "for li ...
  Topic: Long Term Care Insurance
nisiprius

Replies: 8
Views: 511

PostForum: Personal Finance (Not Investing)   Posted: Tue Nov 17, 2009 8:24 am   Subject: Long Term Care Insurance
If you're going to self-insure, you can't just set aside $20,000, you need to set aside a full million...Your arguement misses one detail... there may be income from social security, pensions, and/or ...
  Topic: Stock diversification vs. concentration
nisiprius

Replies: 34
Views: 2649

PostForum: Investing - Theory, News & General   Posted: Tue Nov 17, 2009 8:07 am   Subject: Re: Stock diversification vs. concentration
...Active management success seems to require Dunno, I think whether this is true depends on what the model is for how active managers succeed... assuming they are able to succeed.

It seems to me t ...
  Topic: Long Term Care Insurance
nisiprius

Replies: 8
Views: 511

PostForum: Personal Finance (Not Investing)   Posted: Mon Nov 16, 2009 10:31 pm   Subject: Long Term Care Insurance
I think the figures are wrong, too--my wife and I pay premiums of about $6000 a year on a ten-year plan, $60,000 total and we're paid up. Yes, we skimped on the coverage, but $30,000 total premiums fo ...
  Topic: Motley Fool interview
nisiprius

Replies: 36
Views: 2312

PostForum: Investing - Theory, News & General   Posted: Mon Nov 16, 2009 8:41 pm   Subject: Motley Fool interview
Beautiful, Taylor. Was that literally an interview--can you speak that coherently and eloquently off the top of your head?
  Topic: Predict the 10's digit of today's closing Dow
nisiprius

Replies: 14
Views: 832

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Mon Nov 16, 2009 8:16 pm   Subject: Predict the 10's digit of today's closing Dow
The close was 10406.96 and, as of about 5 p.m. anyway, the poll was:

The digit 0. I thought it would be the digit 2. On a scale of 1 to 10, where 1 is truly having no idea, 10 is feeling certain, I ...
  Topic: Buy SPIA or Pay Back SS and Recieve Higher Monthly Payout?
nisiprius

Replies: 12
Views: 637

PostForum: Personal Finance (Not Investing)   Posted: Mon Nov 16, 2009 8:04 pm   Subject: Buy SPIA or Pay Back SS and Recieve Higher Monthly Payout?
I believe the inflation is based on the CPI-U.AIG's and The Principal's inflation-indexed annuities are based on the CPI-U.I'm not sure what SS uses.CPI-W.

The original poster should search the for ...
  Topic: Credit card switch strategy help
nisiprius

Replies: 12
Views: 850

PostForum: Personal Finance (Not Investing)   Posted: Mon Nov 16, 2009 5:56 pm   Subject: Re: Credit card switch strategy help
Clark Howard is recommending keeping at least 3 to 4 cards open. That way if one of the banks closes your account for you it doesn't create a hardship.Wouldn't 2 cards achieve this goal?
  Topic: What would you do?
nisiprius

Replies: 25
Views: 1268

PostForum: Personal Finance (Not Investing)   Posted: Mon Nov 16, 2009 2:26 pm   Subject: Re: What would you do?
He got the acceptance in the mail quoting $47,000 but it also said he would be paid 2x/month at the rate of xxx. Well, he multiplied it out and it comes to $53,000! He signed the letter accepting. ...
  Topic: Predict the 10's digit of today's closing Dow
nisiprius

Replies: 14
Views: 832

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Mon Nov 16, 2009 2:08 pm   Subject: Re: Predict the 10's digit of today's closing Dow
2) Please don't respond to the poll after today's market close.
So I can answer at 3:59? That ought to narrow down the possibilities.See rule #6.
  Topic: Predict the 10's digit of today's closing Dow
nisiprius

Replies: 14
Views: 832

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Mon Nov 16, 2009 12:22 pm   Subject: Predict the 10's digit of today's closing Dow
Rules:

1) Today means Monday, November 16, 2009.

2) Please don't respond to the poll after today's market close.

3) Don't respond to the poll unless you really have a hunch, an impulse, or ...
  Topic: Fidelity Independence & Fidelity Magellan
nisiprius

Replies: 4
Views: 257

PostForum: Investing - Help with Personal Investments   Posted: Mon Nov 16, 2009 8:37 am   Subject: Re: Fidelity Independence & Fidelity Magellan
What do you guys think about Fidelity Independence & Fidelity Magellan funds? I bought them back in 08 and they dropped 48%. Then, this year, they gained about 25%. Anyone think I have a decent ...
  Topic: Fid. "Income Replacement" <$1M ???!!!!
nisiprius

Replies: 8
Views: 924

PostForum: Investing - Theory, News & General   Posted: Mon Nov 16, 2009 7:34 am   Subject: Fid. "Income Replacement" <$1M ???!!!!
Please check my eyeballs and confirm that I'm interpreting this correctly:
http://img12.imageshack.us/img12/3091/picture18mu.png

Does this fund have a total of three hundred THOUSAND dollars under ...
  Topic: Classical music suggestions
nisiprius

Replies: 69
Views: 2419

PostForum: Lounge - Consumer, Leisure, and General Interest   Posted: Sun Nov 15, 2009 9:01 pm   Subject: Re: Classical music suggestions
A couple of songs I already enjoy are:
- (Johann Strauss's) The Blue DanubeThere are more good waltzes where that came from. I'm partial to "The Emperor."
- (Rossini's) Guillaume TellThen ...
  Topic: Daily bubble ? : Are stocks and BONDS too risky right now?
nisiprius

Replies: 6
Views: 945

PostForum: Investing - Theory, News & General   Posted: Sun Nov 15, 2009 7:22 pm   Subject: Daily bubble ? : Are stocks and BONDS too risky right now?
There are NO slam dunk investments today.Ain't it the truth? Ain't it the truth?Of course there are almost never any slam dunk investments.Maybe not, but money market funds earning 5% in 2007, TIPS ea ...
  Topic: Managed Payout Funds
nisiprius

Replies: 2
Views: 289

PostForum: Investing - Theory, News & General   Posted: Sun Nov 15, 2009 7:13 pm   Subject: Managed Payout Funds
Let's see if I can write a summary that oicuryy will agree with.

The Managed Payout funds are unusual. You need to be sure you understand what they are and how they work before considering them. Th ...
  Topic: Where to Figure an Annuity in Asset Allocation
nisiprius

Replies: 11
Views: 540

PostForum: Investing - Help with Personal Investments   Posted: Sun Nov 15, 2009 6:43 pm   Subject: Where to Figure an Annuity in Asset Allocation
I'm not an expert. Here's what I ended up doing. I'm convinced it is as right as anything else.

I consider annuities to be "frozen bonds." In some ways, they're a lot like ordinary bonds, ...
 
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