Search found 4520 matches

by Phineas J. Whoopee
Sun Feb 28, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: Markets always bounce back. But do sectors also?
Replies: 15
Views: 1340

Re: Markets always bounce back. But do sectors also?

All of the markets are composed of all of the sectors. If your understanding of the always-bounce-back-ness of the markets is incorrect, as demonstrated earlier in the thread, your understanding of the sectors which compose the markets must also be.
PJW
by Phineas J. Whoopee
Fri Feb 26, 2016 10:14 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 4375

Re: Where does the money go when stocks and bonds are in the red ?

Tanelorn wrote:... The amount of cash in the world is constant, up to the guys with the printing presses, and it's always on the sidelines.
...

The guys with the printing presses are commercial banks, which, by lending, create most of the circulating money supply. Presumably that's what you mean.
PJW
by Phineas J. Whoopee
Fri Feb 26, 2016 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Billpay
Replies: 10
Views: 1193

Re: Ally Bank Billpay

I don't know the answer for Ally, but at Schwab Bank it depends on the dollar value, although I don't know the cutoff or even if it varies with other circumstances. For higher amounts, Schwab sends a paper check drawn on its own account, and debits my checking on the day they said they would, regard...
by Phineas J. Whoopee
Fri Feb 26, 2016 7:31 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard announces 3rd round of Expense Ratio reductions]
Replies: 43
Views: 3652

Re: Vanguard Total International Stock Index [Exp.Ratio] now only 0.12% - While its ETF VXUS moves to 0.13%

... There are many times that Admiral and ETF expense changes have been announced at different times, possibly because of different reporting cycles. Typically, what happened is that the ETF expenses went down by two basis points, and the Admiral class followed a few months later. Agreed, and to ad...
by Phineas J. Whoopee
Fri Feb 26, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 4375

Re: Where does the money go when stocks and bonds are in the red ?

If by money you mean stacks of $100 bills, which I don't suppose you do, as others have posted there never was any in the first place. If you're using another definition of money , like perhaps one or more of its functions , then if you'll tell us what you mean we can probably answer. To put it anot...
by Phineas J. Whoopee
Tue Feb 23, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: Active investing [What expenses are/are not included in the ER?]
Replies: 2
Views: 227

Re: Active investing

Hi Porter01, and welcome to the forum! You may want to read our wiki articles Expense ratios , and Mutual funds: additional costs to find the answer to your question. The things that are included or not included are the same between active and passive mutual funds, but the relative amounts will diff...
by Phineas J. Whoopee
Tue Feb 23, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Computing effective tax rate
Replies: 8
Views: 512

Re: Computing effective tax rate

I don't find the percentage itself useful, as opposed to my marginal rate, but I do use my estimate of the dollar amount for budgeting purposes.
PJW
by Phineas J. Whoopee
Tue Feb 23, 2016 8:04 pm
Forum: Personal Consumer Issues
Topic: What kind of car do you drive? [Looking for new car]
Replies: 126
Views: 5754

Re: What kind of car do you drive?

R160 for more than half my miles, but a chauffeur drives it.
PJW
by Phineas J. Whoopee
Mon Feb 22, 2016 7:59 pm
Forum: Investing - Theory, News & General
Topic: Valor Credit Union - 1 more deposit
Replies: 22
Views: 1925

Re: Valor Credit Union - 1 more deposit

Thanks, frsph. It appears, if I understand correctly, the credit union exercised their right to retroactively change the terms, as poster nisiprius rightly warns us of, and now is suggesting to retroactively change them again for those who sign the new agreement. Can you give us more details about t...
by Phineas J. Whoopee
Mon Feb 22, 2016 7:39 pm
Forum: Investing - Theory, News & General
Topic: Valor Credit Union - 1 more deposit
Replies: 22
Views: 1925

Re: Valor Credit Union - 1 more deposit

It's not clear why, if as you say the original CD has an add-on provision, you would agree to anything limiting it. Now, you haven't given us details about whether the original arrangement was better than the new one, but maybe it was. Can you tell us anything about that?
PJW
by Phineas J. Whoopee
Mon Feb 22, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my credit cards?
Replies: 34
Views: 3150

Re: Should I cancel my credit cards?

Thinking of cancelling simply because we really have no need for them anymore. One is all that is needed. Why does it hurt the credit? Wont they eventually be cancelled anyway if we don't use for an extended period? It's potentially bad for a credit score, at least in the short term, because it red...
by Phineas J. Whoopee
Mon Feb 22, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: Has anyone else gotten a call from 0?
Replies: 5
Views: 935

Re: Has anyone else gotten a call from 0?

Among the many wonders of Voice Over Internet Protocol, VOIP, is it has become trivially easy to spoof any originating phone number.

And yes, there was a time when I did, occasionally, get a call from 0, the operator. Usually it was to ask if I'd accept reversing the charges.

PJW
by Phineas J. Whoopee
Mon Feb 22, 2016 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pulling my hair out - Health insurance question
Replies: 6
Views: 1183

Re: Pulling my hair out - Health insurance question

Yes, trichotillomania should be covered under the mental health provision.
PJW
by Phineas J. Whoopee
Mon Feb 22, 2016 2:22 pm
Forum: Investing - Theory, News & General
Topic: My friend "proves" active management works
Replies: 51
Views: 5129

Re: My friend "proves" active management works

Does your friend think the Efficient Market Hypothesis means no investor ever will beat an index over any period of time? If they do, then they'll think the evidence proves the EMH wrong. The problem is, that's not what it predicts. If by combat friends you mean convince them, give up. If you mean n...
by Phineas J. Whoopee
Sun Feb 21, 2016 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Time for Inverse ETF's?
Replies: 27
Views: 2345

Re: Time for Inverse ETF's?

I presume you similarly frown on leverage/shorting with regular margin accounts . ... Your presumption could not be further from the truth. Suppose an inexperienced investor comes on here and says, "Some really smart huy told me the stock market is overvalued due to (some reason or other), I t...
by Phineas J. Whoopee
Sat Feb 20, 2016 11:50 pm
Forum: Investing - Theory, News & General
Topic: Shark tank advice
Replies: 48
Views: 6458

Re: Shark tank advice

Whoopee...simply thought it was interesting.Regarding the dividend stuff, he majority of investors on this planet would agree with the idea of living off interest and dividends without touching principle .Mental accounting or not it makes sense to all but the technical purist.I have no problem with...
by Phineas J. Whoopee
Sat Feb 20, 2016 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Time for Inverse ETF's?
Replies: 27
Views: 2345

Re: Time for Inverse ETF's?

... Good to hear that. I'll also note it's mostly a hypothetical disagreement as I've never used inverse/leveraged ETFs nor have I never recommended them except in a hypothetical example I made up to demonstrate that they could possibly be useful, and I presume you similarly frown on leverage/short...
by Phineas J. Whoopee
Sat Feb 20, 2016 10:25 pm
Forum: Investing - Theory, News & General
Topic: It seems Warren Buffett believes in DCA
Replies: 54
Views: 6677

Re: It seems Warren Buffett believes in DCA

In this video, Warren says that they should not jump in at the wrong time, but doesn't lump sum investing trump DCA? It is not that black and white. If you have a lump sum to invest, then statistically speaking, from a long-term return perspective, you are better-off putting it all in today. Howeve...
by Phineas J. Whoopee
Sat Feb 20, 2016 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to pay taxes early on capital gains in order to avoid fines?
Replies: 13
Views: 1316

Re: Do I need to pay taxes early on capital gains in order to avoid fines?

My internet research indicates that if I pay this year at least what I owed last year that I will avoid all potential fines, even if my income is juiced by these sales. Is this true? As long as by "owed" you mean total income tax, not the part that was left to pay when you filed, maybe ye...
by Phineas J. Whoopee
Sat Feb 20, 2016 10:10 pm
Forum: Investing - Theory, News & General
Topic: Shark tank advice
Replies: 48
Views: 6458

Re: Shark tank advice

... Don't want to start a long discussion on dividends but dividends vs capital appreciation does make a difference. ... I'm sure if you google it you'll find many more benefits behind dividends. I have never claimed there are no, as you put it, benefits behind dividends. And as I wrote, which rela...
by Phineas J. Whoopee
Sat Feb 20, 2016 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Time for Inverse ETF's?
Replies: 27
Views: 2345

Re: Time for Inverse ETF's?

... I hope you're not referring to me -- I don't recall posting personal abuse last time. I was not. You and I simply disagree. I was referring to somebody else. ...The wiki, and the previous posts in this thread, are correct to point out that an inverse ETF could perform worse than regular shortin...
by Phineas J. Whoopee
Sat Feb 20, 2016 8:47 pm
Forum: Investing - Theory, News & General
Topic: Shark tank advice
Replies: 48
Views: 6458

Re: Shark tank advice

And if I may add, since we all know dividends come directly out of share price anyway, dividends vs. capital appreciation makes no difference except for income-tax purposes, and for some peoples' comfort with management decisions. For every 1% of dividend return there's 1% less of capital appreciati...
by Phineas J. Whoopee
Sat Feb 20, 2016 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to pay taxes early on capital gains in order to avoid fines?
Replies: 13
Views: 1316

Re: Do I need to pay taxes early on capital gains in order to avoid fines?

Toons wrote:...
+1 :happy
Perfectly Explained

Except for that part about circumstances under which the safe harbor is 110%.
PJW
by Phineas J. Whoopee
Sat Feb 20, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to pay taxes early on capital gains in order to avoid fines?
Replies: 13
Views: 1316

Re: Do I need to pay taxes early on capital gains in order to avoid fines?

I sold some stock this year to pay for building a workshop :sharebeer , and this will incur long-term capital gains of perhaps $20k. Congratulations. My internet research indicates that if I pay this year at least what I owed last year that I will avoid all potential fines, even if my income is jui...
by Phineas J. Whoopee
Sat Feb 20, 2016 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Time for Inverse ETF's?
Replies: 27
Views: 2345

Re: Time for Inverse ETF's?

I had used inverse ETF's that worked well for awhile some time ago when they were new products (about 10 yrs ago). What I noticed was that there was a lot of slippage in the leveraged ETF's (underperform the inverse of the target). ... Hi gregc, and welcome to the forum! What you experienced is the...
by Phineas J. Whoopee
Sat Feb 20, 2016 7:10 pm
Forum: Investing - Theory, News & General
Topic: Evaluating the tax efficiency of TIPS
Replies: 2
Views: 413

Re: Evaluating the tax efficiency of TIPS

TIPS funds include inflation adjustments in their distributions, which are taxable. Directly-held TIPS simply have their face value adjusted, but upward adjustments are taxable too, even though the only cash that comes out is semiannual interest. It makes no difference, really, because if one is to ...
by Phineas J. Whoopee
Sat Feb 20, 2016 4:21 pm
Forum: Investing - Theory, News & General
Topic: Barclays Bond Fund(s)
Replies: 7
Views: 793

Re: Barclays Bond Fund(s)

This variant considers bonds held in Federal Reserve accounts as not part of the market and thus adjusts the weightings accordingly, tilting the composition slightly away from those Treasuries, mortgage-backed securities, and other holdings. Is this the change Bogle was suggesting for the total bon...
by Phineas J. Whoopee
Sat Feb 20, 2016 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying a 3 fund Schwab portfolio
Replies: 9
Views: 961

Re: Diversifying a 3 fund Schwab portfolio

Hi koddly, and welcome to the forum! It's best to include both names and ticker symbols. Since it's your first day :wink: you might not have known, so I'll list them. Schwab US Broad Market ETF , SCHB: Tracks the Dow Jones US Broad Stock Market Index. Schwab International Equity ETF , SCHF: Tracks t...
by Phineas J. Whoopee
Sat Feb 20, 2016 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Cost of ETFs? [Safety of SAXO Capital broker?] [Hong Kong]
Replies: 4
Views: 330

Re: How to protect from broker risk?

Hi Keiko, and welcome to the forum! There are some members from Hong Kong and Japan who occasionally post. I think if you change the subject line to something like "Safe to Invest with Saxo in Hong Kong?" you'll be more likely to attract their attention. Running a quick web search on Saxo ...
by Phineas J. Whoopee
Fri Feb 19, 2016 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for ACA Healthcare without job/income ?
Replies: 3
Views: 623

Re: Applying for Healthcare without job/income ?

Sorry to hear about your friend's unemployment. COBRA continuation , in which the person pays full price plus 2%, is a possibility, if the former employer provides health insurance as a benefit, as from your question seems is the case. Florida is not a Medicaid expansion state. Your friend can alway...
by Phineas J. Whoopee
Fri Feb 19, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: invest in vtsax and vdigx equally? [Vanguard Total Stock Market and Dividend Growth]
Replies: 6
Views: 653

Re: invest in vtsax and vdigx equally?

I recently started investing in the market. So far, I have evenly split investments between VTSMX/VDIGX. i.e. for every $1 I put in VTSMX, I also put $1 in vdigx. Hi boglechu. You're new, so I'll look up and post the full fund names for you. In the future you should do so yourself, at least in the ...
by Phineas J. Whoopee
Fri Feb 19, 2016 3:19 pm
Forum: Investing - Theory, News & General
Topic: Barclays Bond Fund(s)
Replies: 7
Views: 793

Re: Barclays Bond Fund(s)

Minor correction of a point that might otherwise cause confusion: Vanguard as of the last several years has been using a float-adjusted variant of the US Aggregate Bond Index, so it's not quite the same thing as the standard version. This variant considers bonds held in Federal Reserve accounts as ...
by Phineas J. Whoopee
Fri Feb 19, 2016 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating AGI for Healthcare.GOV application
Replies: 26
Views: 1742

Re: Estimating AGI for Healthcare.GOV application

Does anyone have an experience or guidance as to just how close to estimate 2016 income AGI is required for Healthcare.GOV application ? Make your best estimate, and if your income changes during the year you can, perhaps should, go back and put in the new figures. For example, married filing joint...
by Phineas J. Whoopee
Fri Feb 19, 2016 2:45 pm
Forum: Investing - Theory, News & General
Topic: Barclays Bond Fund(s)
Replies: 7
Views: 793

Re: Barclays Bond Fund(s)

Hi Franko, and welcome to the forum!

Yes, they are the same. Barclays Capital is a division of Barclays PLC, which trades on the London Stock Exchange. In URLs, Barclays uses "barcap" for that part of itself.

Here's the fact sheet for the index.

PJW
by Phineas J. Whoopee
Fri Feb 19, 2016 12:04 am
Forum: Investing - Theory, News & General
Topic: Certificate of deposit vs. short-term bond fund
Replies: 30
Views: 2931

Re: Certificate of deposit vs. short-term bond fund

... Since CDs look so darn attractive, at least relative to short-term treasuries, does the FDIC actually have the funds to cover depsosit losses in the event some banks were to go under ? Most often the FDIC arranges for another bank to take over the deposit accounts, and none of its funds are nee...
by Phineas J. Whoopee
Thu Feb 18, 2016 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: New Portfolio Questions
Replies: 12
Views: 618

Re: Lost Cost Index Fund Portfolio Question

... Thanks for taking the time to welcome me to the forum! I was a little vague in my original post and didn't provide as much information as I should have . ... You're welcome, and you still haven't. We know nothing about your wife's 401(k), for example, and there are probably other material facts...
by Phineas J. Whoopee
Thu Feb 18, 2016 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Why did Vanguard Developed markets deviate so far from the benchmark over the last year?
Replies: 2
Views: 385

Re: Why did Vanguard Developed markets deviate so far from the benchmark over the last year?

Most likely it's due to fair value pricing . Vanguard prices funds as of (but not published until later than) 4:00 PM ET, but most foreign exchanges close before then. Quite some years ago there was a problem with sophisticated investment firms buying or selling foreign stock funds priced on data fr...
by Phineas J. Whoopee
Thu Feb 18, 2016 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: New Portfolio Questions
Replies: 12
Views: 618

Re: Lost Cost Index Fund Portfolio Question

Hi mjfutures, and welcome to the forum! ... 1. Vanguard Total Stock Market Index Fund VTI (US Portion of Portfolio) Highest % 2. Vanguard Total International Stock Index Fund VT (International Portion) Smaller % 3. Vanguard Total Bond Market Index Fund BND (Bond Portion) Smaller % It appears you're ...
by Phineas J. Whoopee
Wed Feb 17, 2016 11:41 pm
Forum: Investing - Theory, News & General
Topic: Don't understand SEC yield
Replies: 13
Views: 1377

Re: Don't understand SEC yield

Not in a bond fund, which I think is what we're talking about in an SEC yield thread. The dividend doesn't accrue to NAV, except with Vanguard's TIPS and foreign fixed income funds. In the others it's declared daily and paid monthly, or formerly quarterly, or in your example, annually. Stock funds w...
by Phineas J. Whoopee
Wed Feb 17, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 10141

Re: What is your decline in Net Worth as of today?

Today from yesterday? Negative. Probably. I dunno. You wanna make me an offer on my dwelling I'm not selling so I know how much to add or subtract? I'm assuming it's around 20% of net worth, but decreasingly have satisfactory reasoning. Please offer yesterday too so I can calculate the change You me...
by Phineas J. Whoopee
Wed Feb 17, 2016 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating Rate of Return on Investments with Monthly Contributions
Replies: 7
Views: 840

Re: Calculating Rate of Return on Investments with Monthly Contributions

#Cruncher wrote:...
atl_brownie in original post wrote:Do I need to include dividends in any [calculation]?
digarei is correct that reinvested dividends should be ignored.
...

Right. I was thinking about cash flows when I should have been thinking about TVM, the discount rate, and total return. Thanks for the correction.
PJW
by Phineas J. Whoopee
Wed Feb 17, 2016 9:10 pm
Forum: Investing - Theory, News & General
Topic: [NY Times article: 100% Stock Allocation in Retirement]
Replies: 102
Views: 8674

Re: 100% equities? NYT article

Stocks have higher expected return than bonds. Stocks have more risk. You might not get the higher return. That's what risk means.

If you're wealthy enough a big drop in stocks that doesn't recover until after you've died won't put a serious crimp in your lifestyle, then go for it.

PJW
by Phineas J. Whoopee
Wed Feb 17, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Market CD
Replies: 9
Views: 811

Re: Emerging Market CD

The insurance is an issue. In the US we use dots and commas in the opposite way so it would be $7,000 of insurance, but neither is more right or wrong than the other. Seven thousand dollars isn't much. Who is the insurer? The biggie is the exchange rate. Three months is not so short exchange rates c...
by Phineas J. Whoopee
Wed Feb 17, 2016 8:21 pm
Forum: Investing - Theory, News & General
Topic: Don't understand SEC yield
Replies: 13
Views: 1377

Re: Don't understand SEC yield

... Minor nit, but it actually does. Funds can, and do, reduce the distribution yield by the amount of fund expenses. This lowers the distribution and the amount of taxes the investor has to pay. ... I'll pick that nit. :wink: I believe the expense ratio, at any rate, is taken daily from (three ref...
by Phineas J. Whoopee
Wed Feb 17, 2016 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard VMMXX Prime Money Market Acct.
Replies: 4
Views: 812

Re: Vanguard VMMXX Prime Money Market Acct.

I don't disagree, and don't want to sound an alarm because there's not a good reason to. That written, the Vanguard link I provided had this to say about Prime Money Market: Gate: A money market fund's ability to temporarily suspend withdrawals during periods of financial instability for up to 10 bu...
by Phineas J. Whoopee
Wed Feb 17, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Form 1095-C to do my taxes?
Replies: 5
Views: 514

Re: Do I need Form 1095-C to do my taxes?

Toons gave a good reference. The 1095-C stands as proof you had ACA-level health insurance throughout the year. I suppose somebody might want to wait for it before checking the box on 1040 line 61 saying they don't owe the shared responsibility payment , but it isn't truly necessary. Do keep a copy,...
by Phineas J. Whoopee
Wed Feb 17, 2016 6:30 pm
Forum: Investing - Theory, News & General
Topic: Harry Markapolous warns of 3 new ponzi schemes maybe brokerage?
Replies: 17
Views: 1688

Re: Harry Markapolous warns of 3 new ponzi schemes maybe brokerage?

... Per #3 above: Don't forget that Madoff *also* had a "real" brokerage-type operation that was [apparenlty?] running legally . Yes. That part was legit. As such, it just had custody of customer assets, so those weren't available to pay the firm's fraud debts, because they weren't its pr...
by Phineas J. Whoopee
Wed Feb 17, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: Harry Markapolous warns of 3 new ponzi schemes maybe brokerage?
Replies: 17
Views: 1688

Re: Harry Markapolous warns of 3 new ponzi schemes maybe brokerage?

... I mean I dont honestly think Vanguard or fido is one but in regards to PWC didnt arthur anderson sign of on enron? I know there are better controls in place now. But it could still be possible. They did, before they, as a firm, were convicted of obstruction of justice, then cleared, but suffere...

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