Search found 5207 matches

by Phineas J. Whoopee
Fri Sep 30, 2016 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Insurance - NJ/NY area
Replies: 9
Views: 613

Re: Cost of Medical Insurance - NJ/NY area

My apologies. I hadn't understood I find that very hard to believe to mean what clearly was meant: I followed the link and found nothing to support your assertion . It's unsurprising, because I recently misunderstood diversification to mean diversification by investing in lots and lots and lots of d...
by Phineas J. Whoopee
Fri Sep 30, 2016 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Should fixed income percentage stay the same in current environment?
Replies: 26
Views: 2150

Re: Should fixed income percentage stay the same in current environment?

Yes, that's right, a prevailing yield increase of 10% would immediately drop the market value of already-issued 5-year-duration bonds by around 50%. ........ the higher yields would eventually make you whole, then better than whole. That's one way in which bonds are different from stocks. PJW This ...
by Phineas J. Whoopee
Fri Sep 30, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Insurance - NJ/NY area
Replies: 9
Views: 613

Re: Cost of Medical Insurance - NJ/NY area

go_mets wrote:
jim234 wrote:In NY age makes no difference.
Check https://nystateofhealth.ny.gov/ for info.


Age makes no difference?

I find that very hard to believe.

Is that after reading the information at the link jim234 provided, or without troubling yourself?
PJW
by Phineas J. Whoopee
Wed Sep 21, 2016 9:43 pm
Forum: Investing - Theory, News & General
Topic: Bogle tilts toward Value in his own portfolio
Replies: 34
Views: 3838

Re: Bogle tilts toward Value in his own portfolio

There's danger here. There's a trap. It's a semantic trap. Classically, diversification meant owning lots and lots of different investments . Some posters here, and some writers more broadly, use the word diversification to mean concentration into certain types of stocks . Once I got that, and it t...
by Phineas J. Whoopee
Wed Sep 21, 2016 3:38 pm
Forum: Personal Consumer Issues
Topic: Stop-over or side trip to or from Australia
Replies: 8
Views: 577

Re: Stop-over or side trip to or from Australia

Tahiti is pretty conveniently along the way between the US and the AUS.
PJW
by Phineas J. Whoopee
Tue Sep 20, 2016 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Managed Payout Fund[, opinions, experiences?]
Replies: 17
Views: 1939

Re: Vanguard's Managed Payout Fund[, opinions, experiences?]

No, ClevrChico, in fact they do not achieve their aim that you quote.

They return capital to maintain payouts.

It's exactly the same as if investors in the fund sold shares themselves, which is not a bad thing to do.

PJW
by Phineas J. Whoopee
Tue Sep 20, 2016 8:53 pm
Forum: Investing - Theory, News & General
Topic: The coming municipal bond crisis
Replies: 51
Views: 7133

Re: The coming municipal bond crisis

... IIRC, they told us that VG didn't depend on the rating agencies to rate bonds - the did their own independent evaluations and made purchase decisions based on their in-house rating system. I don't recall that they distinguished between corporates and munis but that was a while ago and I might b...
by Phineas J. Whoopee
Tue Sep 20, 2016 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone check my understanding of EE bonds?
Replies: 10
Views: 1224

Re: Can someone check my understanding of EE bonds?

EE Bonds I Bond TIPS I am interested in these investment vehicles but rarely do I notice advice on who these instruments are primarily geared towards. I assume those nearing retirement. I rarely see young investors dabbling in these funds. Each person situations is unique but at what general age, c...
by Phineas J. Whoopee
Tue Sep 20, 2016 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Should fixed income percentage stay the same in current environment?
Replies: 26
Views: 2150

Re: Should fixed income percentage stay the same in current environment?

... With a significant macro event, and a fund duration of say 5yrs, you would suddenly be faced with a drop of 50% or more. Wish that possibility however unlikely wouldn't continually be so easily ignored . Yes, that's right, a prevailing yield increase of 10% would immediately drop the market val...
by Phineas J. Whoopee
Tue Sep 20, 2016 5:32 pm
Forum: Personal Consumer Issues
Topic: Losing cell phone memory; not sure why or how to stop it!
Replies: 10
Views: 736

Re: Losing cell phone memory; not sure why or how to stop it!

One thing you can try, if you haven't yet, is to turn off and restart the unit, then check available memory. Among other things it's possible one or more of the apps you use has what's called a memory leak , in which it asks the operating system for more and more memory, which the OS typically grant...
by Phineas J. Whoopee
Tue Sep 20, 2016 4:48 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6939

Re: Do Bogleheads Bucket?

I'm in The Wizard's convince-them-of-the-folly-of-their-method camp, but not everybody is and that's OK. I don't intend to relitigate the question here. All I'll do is repeat my reasoning: At the end of the proverbial day, one owns the totality of what one owns. If it's a portfolio that includes a v...
by Phineas J. Whoopee
Tue Sep 20, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Two questions ["Age in Bonds" vs. Risk Tolerance]
Replies: 24
Views: 1449

Re: Two questions

... 1. How many of you have set your asset allocation according to "own your age in bonds". If you haven't used this method; what method are you using? ... Hi DireStraits. I took a much different approach to setting my asset allocation, but did it for my own specific reasons. I made alloc...
by Phineas J. Whoopee
Tue Sep 20, 2016 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help understanding fees
Replies: 5
Views: 439

Re: Help understanding fees

Hi RogerYork, and welcome to the forum!

I agree with your conclusion.

PJW
by Phineas J. Whoopee
Mon Sep 19, 2016 7:11 pm
Forum: Investing - Theory, News & General
Topic: Bogle tilts toward Value in his own portfolio
Replies: 34
Views: 3838

Re: Bogle tilts toward Value in his own portfolio

... To call portfolio tilting an act of "diversification" seems to be an outright lie. As factors are defined academically, they (except for market risk) are not included in total funds or at most are possibly a positive momentum, neutral-to-negative size (depending on how you define it),...
by Phineas J. Whoopee
Mon Sep 19, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Cash for RMDs?
Replies: 10
Views: 963

Re: Cash for RMDs?

Disclaimer: I'm not yet subject to RMDs, so my understanding is cerebral, not visceral. I haven't mentioned it before, but this thread seems like an opportune time, and it is a practical suggestion OP, DWSTUART48 - welcome to the forum! - might consider. It isn't a bucket approach, but it does inclu...
by Phineas J. Whoopee
Sun Sep 18, 2016 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Emergency Fund Into iBonds!
Replies: 23
Views: 1751

Re: Transfer Emergency Fund Into iBonds!

rattlenap wrote:...
Don't worry, PJW. I won't be like you. Cheers!

Good, because the very basis of our civilization is always to obscure one's meaning.
PJW
by Phineas J. Whoopee
Sun Sep 18, 2016 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Emergency Fund Into iBonds!
Replies: 23
Views: 1751

Re: Transfer Emergency Fund Into iBonds!

... Now let ask you, do you keep any cash on hand should an actual emergency arise and you need it ASAP ? Yes, I have a bit of cash, which, as I referred to, is unspent flexible budget. I built my budget in two pieces: fixed costs; and variable costs. I think in that sense I am not weird. Should a ...
by Phineas J. Whoopee
Sun Sep 18, 2016 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Emergency Fund Into iBonds!
Replies: 23
Views: 1751

Re: Transfer Emergency Fund Into iBonds!

... Yes, I will keep that 25% in an Ally savings account. Just curios, but what % of your emergency fund do you have allocated to iBonds? All of it. I know of no better vehicle for the purpose, barring an I Bond equivalent way to put any-time-distributable-without-penalty-all-but-risk-free-up-with-...
by Phineas J. Whoopee
Sun Sep 18, 2016 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Emergency Fund Into iBonds!
Replies: 23
Views: 1751

Re: Transfer Emergency Fund Into iBonds!

It makes sense as long as you have separate access to 25% of the value of your emergency reserve elsewhere, in case the worst happens during your transition. I made the change you speak of, and am glad I did, but I didn't experience an actual emergency during the time. In my case, I had some discret...
by Phineas J. Whoopee
Sun Sep 18, 2016 7:37 pm
Forum: Investing - Theory, News & General
Topic: Never invest in ....... ?
Replies: 53
Views: 5155

Re: Never invest in ....... ?

... While it may be annoying that Vanguard decided to use the word "total" for the then-Lehman-Brothers aggregate index, it reflects thinking at the time because in 1986 when the fund was founded, nobody thought that ordinary retail investors had any business messing around with anything ...
by Phineas J. Whoopee
Sun Sep 18, 2016 7:24 pm
Forum: Investing - Theory, News & General
Topic: Never invest in ....... ?
Replies: 53
Views: 5155

Re: Never invest in ....... ?

One of my personal favorites from JL Collins (I'll take the clapped-out Camaro): Why your house is a terrible investment That's almost as contentious here as the word "total," but it's really only a disagreement about the definition of the word "investment." I've not yet been ab...
by Phineas J. Whoopee
Sun Sep 18, 2016 2:19 pm
Forum: Investing - Theory, News & General
Topic: Never invest in ....... ?
Replies: 53
Views: 5155

Re: Never invest in ....... ?

I thought most Total Bond Market funds have some percentage in High Yield junk. I can't speak about most total bond market funds, but the ones that follow the Barclays US Aggregate Index, like Vanguard does, don't intentionally hold junk. It's always possible a highly-rated issuer will get into fin...
by Phineas J. Whoopee
Fri Sep 16, 2016 6:06 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 67
Views: 8058

Re: [favorite] Boglehead quotes

From 24 year old new dividend portfolio:
dbr wrote:It is easy to do bad math and hard to find a free lunch.

PJW
by Phineas J. Whoopee
Thu Sep 15, 2016 10:30 pm
Forum: Investing - Theory, News & General
Topic: Is Warren Buffett the ultimate free rider?
Replies: 23
Views: 3887

Re: Is Warren Buffett the ultimate free rider?

The definition of free riding, in this context, is to cause the croupiers, as Bogle termed them , anxiety over whether they'll be able to make this month's boat payment. Under that rubric, the answer is yes. It came up three and a half years ago and will again. The Marxist-definition bourgeoisie , a...
by Phineas J. Whoopee
Thu Sep 15, 2016 10:03 pm
Forum: Investing - Theory, News & General
Topic: Percent of DIY Assets?
Replies: 3
Views: 673

Re: Percent of DIY Assets?

Is there any reliable source of data that shows an approximation of assets that are invested in markets via DIY investors versus those who use the services of brokers and/or advisors? I don't know of any source but it has to be the great majority, if we count institutions managing their own portfol...
by Phineas J. Whoopee
Thu Sep 15, 2016 9:58 pm
Forum: Investing - Theory, News & General
Topic: Exodus from Money Market Funds?
Replies: 24
Views: 2986

Re: Exodus from Money Market Funds?

If I may, there's a lot of misinformation in this thread. It's unintentional and understandable given the sweeping nature of the changes. Nonetheless, it's important to say what is true, rather than to say what isn't or to express outrage, or worse, to engage in conspiratorial theorizing. Vanguard ...
by Phineas J. Whoopee
Thu Sep 15, 2016 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: I invested $10,500 in a private US company [pressured to sell back shares]
Replies: 19
Views: 2426

Re: I invested $10,500 in a private US company [pressured to sell back shares]

Hi jubilee, and welcome to the forum! I think you should sell at the next opportunity, which may be now. The investment isn't any sort of easily-understandable thing, it may be a scam, and even if it isn't a $300,000 market cap partnership has no place in sane individual portfolios. The error was to...
by Phineas J. Whoopee
Thu Sep 15, 2016 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: My bond portfolio - Comments
Replies: 21
Views: 2235

Re: My bond portfolio - Comments

What is your objective for your post-five-year fixed income holdings? To put it another way, how do you want them to interact with the rest of your portfolio and to what overall effect on both your risks and your bottom line? For that matter, what is your portfolio , and what are your objectives for...
by Phineas J. Whoopee
Thu Sep 15, 2016 6:24 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 67
Views: 8058

Re: [favorite] Boglehead quotes

From TIPS - Did you give up?:
dbr wrote:...
The general idea is to not let the mechanics of cash flow management cause distortions or odd choices in how one invests.
...

PJW
by Phineas J. Whoopee
Tue Sep 13, 2016 2:00 am
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 870

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

... Why then is there always such an uproar about how the Dow hasn't really hit a new high when it reaches its old peak, because the media hasn't adjusted the peak for inflation? 'tain't. Start with an incorrect politically-motivated premise and you'll always end up with a wrong politically-comfort...
by Phineas J. Whoopee
Tue Sep 13, 2016 12:57 am
Forum: Personal Consumer Issues
Topic: Put SSN on internet?
Replies: 17
Views: 2116

Re: Put SSN on internet?

On an https connection I wouldn't worry. When a credit union insisted I send an image of my driver license via vintage ordinary email, I both worried and balked. It blew their minds, but they accepted my offer to physically mail them a photocopy. What a non-modern, old, old, ridiculous, pathetic exc...
by Phineas J. Whoopee
Tue Sep 13, 2016 12:09 am
Forum: Investing - Help with Personal Investments
Topic: question about bond investments in my portfolio
Replies: 13
Views: 881

Re: question about bond investments in my portfolio

Why do you not want TIPS? Perhaps the minimal cash flows from dividends? TIPS are for inflation protection, which we have in other areas. They don't go up in price like normal bonds when interest rates fall, as they would in a deflationary environment. We're not in deflation now in the U.S, but int...
by Phineas J. Whoopee
Mon Sep 12, 2016 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: 30-year STRIPS vs T-bonds
Replies: 7
Views: 528

Re: 30-year STRIPS vs T-bonds

STRIPS are T-debt (notes or bonds). They're simply a disaggregation of interest and principal payments. Each individual cash flow can be considered independently of every other, thereby separating the sum total of the weighted net present values including eventual repayment of principal, relative t...
by Phineas J. Whoopee
Mon Sep 12, 2016 10:31 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

... Quite frankly, this mystifies me too. I have had stock market investments for 32 years and weird things like Friday happen that I can't explain. ... Events like Friday's very mild 2.5% one-day decline are difficult to understand iff there is a correct price that can be determined outside of the...
by Phineas J. Whoopee
Mon Sep 12, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

So an increase of 1/2% or even 1% should be no big deal. A 1% increase is potentially a very big deal on one front: the federal budget. The interest payment on the debt presently is not outrageous. Raise the rate acutely to 1% and could that payment become the budgetary elephant in the room? It is ...
by Phineas J. Whoopee
Mon Sep 12, 2016 10:08 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

If I(*) have some liquid assets I can invest them in either stocks or bonds. When bond earnings are low, I am motivated to invest in stocks to get better earnings. ... Stocks have earnings . Bonds have yields . They are very much different, which is good because that way we can efficiently diversif...
by Phineas J. Whoopee
Mon Sep 12, 2016 10:02 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

... But wait - what if the MARKET thought it was priced into the market, so that when it dropped, it freaked out and dropped more? I certainly had a vague temptation to sell Friday because the market gave the impression it was overpriced from dropping due to Fed talk. So basically the S&P is li...
by Phineas J. Whoopee
Mon Sep 12, 2016 9:57 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

I also think that there is a lot of borrowed money money in the stock market. How many billions have been borrowed at 1% or 2% and the proceeds put into dividend stocks paying 4%. A single quarter point Fed increase will not change the computer simulations but the spreadsheet geeks are worried abou...
by Phineas J. Whoopee
Mon Sep 12, 2016 9:54 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

jjface wrote:Just goes to show that us mere investors are pawns in this game.

As is anybody, which is mostly but not entirely everybody, whose own trades are too small to move markets.
PJW
by Phineas J. Whoopee
Mon Sep 12, 2016 9:52 pm
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4047

Re: Why does hint of Fed interest rate hike trigger sell-off?

I really do not understand why a probable rise in the Fed interest rate should make the market drop. We have known for many, many, many months that the rate will increase. ... I'm probably going to respond to several individual posts in this thread. Over the short term, an increase in interest rate...
by Phineas J. Whoopee
Mon Sep 12, 2016 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Direct Rollover Check
Replies: 11
Views: 505

Re: 401k Direct Rollover Check

I would just consider that a typo. The first time I read it, I didn't see anything wrong. ... Me neither , obviously. I agree with asking Vanguard, by phone or whatever, but sending them the check, while keeping a copy, would also be a reasonable course of action. It's not made out to OP personally...
by Phineas J. Whoopee
Mon Sep 12, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds instead of CD's?
Replies: 23
Views: 2046

Re: Municipal Bonds instead of CD's?

To njboater , Dandy , and Abe , and to everybody who muttered "I'm glad somebody asked that!" I'm not certain, but I think probably one source of the misunderstanding is the difference between interest rates and bond yields . It sounds like a picky distinction, but in reality it goes right...
by Phineas J. Whoopee
Mon Sep 12, 2016 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Direct Rollover Check
Replies: 11
Views: 505

Re: 401k Direct Rollover Check

Here is the relevant bit of the instructions: ... Step 2 ... Ask them to make the check payable to: Vanguard Fiduciary Trust Company FBO [your name] Have the check mailed to: Vanguard P.O. Box 1110 Valley Forge, PA 19482-1110 Note : If the check is made payable to you instead of Vanguard, mail it to...
by Phineas J. Whoopee
Sun Sep 11, 2016 10:05 pm
Forum: Investing - Theory, News & General
Topic: Pessimism in the financial press
Replies: 18
Views: 2685

Re: Pessimism in the financial press

... I had opportunity to intern at quant hedge fund in b-school. They would parse social media comments and online content for emotions and look for high values of negativity. Then they take the opposite trade, presuming that the severe negativity was an overreaction and the market would bounce a l...
by Phineas J. Whoopee
Sun Sep 11, 2016 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds instead of CD's?
Replies: 23
Views: 2046

Re: Municipal Bonds instead of CD's?

... If you hold a CD, you would likely be holding until maturity anyway. So if you hold the muni bond fund until the duration , you should be neutral to any interest rate changes. ... Well, and please forgive me njboater74 for using your post as a vehicle, because none of this is aimed at you perso...
by Phineas J. Whoopee
Sun Sep 11, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Regions Bank IRA for Mortgage Product
Replies: 2
Views: 175

Re: Regions Bank IRA for Mortgage Product

I have no experience with them, but the fine print on their IRA page says they use Cetera Investment Services LLC, so I looked them up . In their ADV 2A document , pp 11 - 17, out of 24, are about all the ways they get paid. Toward the beginning it lists: Prime Fee Schedule (on Assets Under Manageme...
by Phineas J. Whoopee
Sun Sep 11, 2016 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Selecting bond funds
Replies: 12
Views: 1043

Re: Selecting bond funds

... For the municipal bonds, Vanguard suggests 30% short-term, 40% medium-term, and 30% long-term. For short-term I'm still figuring out what to do as there is no CA-specific fund and I'm considering VWSUX. ... Vanguard does offer its California Tax-Exempt Money Market Fund , VCTXX, ER 0.16%, SEC Y...
by Phineas J. Whoopee
Sun Sep 11, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Twin home burns down and one owner won't rebuild. What happens?
Replies: 25
Views: 2942

Re: Twin home burns down and one owner won't rebuild. What happens?

What is the legal form in which each owns 1/2 of the building? Condominium? Something else? PJW It is not condominium. I think they each own half of the house outright. Each half has its own address and driveway and yard. They are just connected by a common wall in the middle of house. When any roo...
by Phineas J. Whoopee
Sun Sep 11, 2016 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Twin home burns down and one owner won't rebuild. What happens?
Replies: 25
Views: 2942

Re: Twin home burns down and one owner won't rebuild. What happens?

What is the legal form in which each owns 1/2 of the building? Condominium? Something else?
PJW
by Phineas J. Whoopee
Sun Sep 11, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA fees and contribution limits
Replies: 6
Views: 843

Re: Roth IRA fees and contribution limits

... I would not want to do business with a company that treated me that way. Vanguard does not charge such fees. I'm not telling you what you should think, but in fairness the $50 account closing fee is fully disclosed . If it's an overriding concern then one shouldn't use Fidelity for their IRA to...

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