Search found 6598 matches

by Phineas J. Whoopee
Wed Dec 13, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Do You Sacrifice Tax Efficiency for Portfolio Efficiency?
Replies: 5
Views: 509

Re: Do You Sacrifice Tax Efficiency for Portfolio Efficiency?

I've posted about the Efficient Market Hypothesis and its ideas, it's only a hypothesis after all, regarding informational efficiency. I'd like to respond to your original post, but I don't know how you are using the word efficiency in this context. Can you please clarify? There is no optimization ...
by Phineas J. Whoopee
Sun Dec 10, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3805

Re: Buying index funds is just as speculative as buying Bitcoin

I must say I'm surprised that despite all these recent Bitcoin threads nobody has claimed (or maybe I skimmed over and missed it) that it's Bitcoin which has a stable and steady economic value, consistently buying a men's suit of clothes, and what we're seeing is simply the wild gyrations of the spe...
by Phineas J. Whoopee
Sun Dec 10, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: Are Bonds ever better than a Fund?
Replies: 10
Views: 1110

Re: Are Bonds ever better than a Fund?

... I've certainly heard of people buying "zero coupon bonds" to pay their kids' college tuition. These are bonds--artificial derivatives built by providers from Treasury bonds that, instead of making interest payments throughout the life of the bond, they make a single payment at maturity. I doubt...
by Phineas J. Whoopee
Thu Dec 07, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: Beefy Brothy Stocky Thing Advice
Replies: 15
Views: 1753

Re: Beefy Brothy Stocky Thing Advice

Thanks, particularly to bhsince87, Tamarind, and Hyperborea, but also to everybody else who responded. One of you says more meat, and another says more bone but not necessarily including the remainder of the hoof. I think I'll split the difference, and go with what I have now, of course with appropr...
by Phineas J. Whoopee
Thu Dec 07, 2017 6:54 pm
Forum: Personal Consumer Issues
Topic: Beefy Brothy Stocky Thing Advice
Replies: 15
Views: 1753

Re: Beefy Brothy Stocky Thing Advice

mainiac wrote:
Wed Dec 06, 2017 9:09 pm
http://betterthanbouillon.com/
Thanks. I'm aware of the product but I don't know of any store that will swap what I already own one-for-one for it. I intend to usefully prepare what I have now.
PJW
by Phineas J. Whoopee
Wed Dec 06, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3033

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

Agreeing with triceratop above, I, livesoft, and many others are not against dividends. We're only against misconceptions about dividends, but there's considerable resistance to the reasoning. It's really just basic math. To the extent one is numerate, which merely means one has enough math skills ...
by Phineas J. Whoopee
Wed Dec 06, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3033

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

We've been all around and all over the topic, but still I struggle with why so many investors so vehemently demand dividends as critical, and dismiss capital losses and gains as unimportant. Can it be the case that dividends are perceived as moral sources of return, because the corporation chooses ...
by Phineas J. Whoopee
Tue Dec 05, 2017 10:27 pm
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3033

Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

We've been all around and all over the topic, but still I struggle with why so many investors so vehemently demand dividends as critical, and dismiss capital losses and gains as unimportant. Can it be the case that dividends are perceived as moral sources of return, because the corporation chooses t...
by Phineas J. Whoopee
Tue Dec 05, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Beefy Brothy Stocky Thing Advice
Replies: 15
Views: 1753

Beefy Brothy Stocky Thing Advice

This evening I find myself in possession of: 1 veal tail, about 1.5 pounds, skinned, trimmed, cut up, and frozen, which I bought with two others on sale for cheap. I cooked the other two separately, and although nothing came out bad (I tried an oxtail recipe with the first but the meat wasn't strong...
by Phineas J. Whoopee
Mon Dec 04, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 137
Views: 11985

Re: Bonds Are Riskier Than People Think

The double-duration approximation is an answer to those who say: Oh yeah? What if bond yields keep going up for years and years and years? Everybody's sure to lose money! You're very clever, young man, but you don't fool me! It's turtles all the way down! * Even if yields continue to rise, a lot, on...
by Phineas J. Whoopee
Mon Dec 04, 2017 5:57 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 137
Views: 11985

Re: Bonds Are Riskier Than People Think

dbr wrote:
Mon Dec 04, 2017 5:30 pm
...
Strangely enough that doesn't bother me in the slightest. Who cares what things are called?
That which we call a nose, by any other name would still smell. *

PJW

* The Complete Works of William Shakespeare (abridged)
by Phineas J. Whoopee
Mon Dec 04, 2017 5:26 pm
Forum: Investing - Theory, News & General
Topic: how can an index fund outperform its index??
Replies: 6
Views: 1092

Re: how can an index fund outperform its index??

Index total returns , not just the price, include dividends. If anybody didn't know already, choose growth charts rather than price charts. Growth charts normally include an assumption that dividends are reinvested. You're right that the S&P 500, for example, is usually reported without dividends. T...
by Phineas J. Whoopee
Mon Dec 04, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9092

Re: One answer to the Dividend stocks puzzle from behavioral finance

RAchip wrote:
Mon Dec 04, 2017 3:16 pm
Phineas J. Whoopee wrote:
Mon Dec 04, 2017 2:40 pm
To echo and perhaps even amplify triceratop's voice:

We are not against dividends. We are only against misconceptions about dividends.

PJW
I think it is you who misunderstand dividends. ...
We are not against dividends.

PJW
by Phineas J. Whoopee
Mon Dec 04, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9092

Re: One answer to the Dividend stocks puzzle from behavioral finance

If I may echo and perhaps even amplify triceratop's voice:

We are not against dividends. We are only against misconceptions about dividends.

PJW
by Phineas J. Whoopee
Mon Dec 04, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19235

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

WanderingDoc wrote:
Mon Dec 04, 2017 2:26 am
...
In my head huh? How much reading have you done on cryptocurrency? Put in 100 hours then speculate on the value or lack thereof of Bitcoin.
Ah. The Courtier's Reply.
PJW
by Phineas J. Whoopee
Sat Dec 02, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 7718

Re: The College Bubble - investment opportunities after the collapse?

A excess o' book larnin'? I don't think we even agree what education is, let alone its value. Is it information one can look up? Is it an intellectual framework? Is it skills in critical thinking to avoid falling into confirmation-bias quicksand? If we could agree on what we're talking about we coul...
by Phineas J. Whoopee
Sat Dec 02, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: 10-Year Treasury Note Index (TNX) (what does it mean)
Replies: 11
Views: 995

Re: 10-Year Treasury Note Index (TNX) (what does it mean)

Isn't TNX the yield-to-maturity of the most recently auctioned 10-year T-Note, based on secondary market trading? (as opposed to a constant maturity calculation where the rate is interpolated to estimate the rate for a hypothetical exactly-10-years-maturity bond that doesn't always exist) Yes, lack...
by Phineas J. Whoopee
Sat Dec 02, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: 10-Year Treasury Note Index (TNX) (what does it mean)
Replies: 11
Views: 995

Re: 10-Year Treasury Note Index (TNX) (what does it mean)

It's the yield with the decimal point shifted one place to the right. So, the 10 year yields 2.362. You're setting 23.62 as the quote. Ok and this yield changes daily because of trades? Does this yield set the bench mark or starting point when the Treasurey holds an auction? Thanks I'll try to be b...
by Phineas J. Whoopee
Thu Nov 30, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 3101

Re: What can we learn from BitCoin’s surge?

At least a person in olden days could hold a tulip bulb in their hand! Provided nobody thinks it's an onion and eats it. ... What are you going to do if the price of your gold coin collapses? Eat it? Well, no. What are you going to do if the price of your tulip bulb collapses? Eat it? Well, yes. PJW
by Phineas J. Whoopee
Thu Nov 30, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: i bonds purchase questions
Replies: 7
Views: 891

Re: i bonds purchase questions

Given there is usually a two-day turnaround electronically, a purchase today would result in an issue date of December. I placed an order yesterday (11/29) at 6 PM EST and today I see the bond has been added to my account with an issue date of 11-01-2017. OK. Maybe it's become faster than it was th...
by Phineas J. Whoopee
Wed Nov 29, 2017 9:38 pm
Forum: Investing - Theory, News & General
Topic: The impact of expenses - a call for creativity
Replies: 19
Views: 1272

Re: The impact of expenses - a call for creativity

Creative? Humm... a 2x4? :D I wish I knew the answer to your question for my 19yr old son.... In the end they have to come to understand for themselves obviously. If they are not turned off by numbers - a simple spread sheet can show the drag pretty quickly (maybe a bar chart over time with an incr...
by Phineas J. Whoopee
Wed Nov 29, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Cash & Bonds to Stocks Ratio Planning
Replies: 8
Views: 398

Re: Cash & Bonds to Stocks Ratio Planning

Hi mattpanther, The idea that rebalancing will increase returns is, I'm afraid, incorrect. It consistently will reduce returns. What it will do is help you keep your portfolio at roughly the level of risk you chose. Ordinarily stocks will go up, over the long term, faster than bonds, which means, on...
by Phineas J. Whoopee
Wed Nov 29, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance on the Marketplace - primer?
Replies: 1
Views: 239

Re: Buying Health Insurance on the Marketplace - primer?

Subsides , the usually-reported word, really means two completely different things. There is the Premium Tax Credit . There are the Cost Sharing Reductions , which insurers are legally required to offer regardless of whether the administration sends the expected reimbursements. The first is based o...
by Phineas J. Whoopee
Wed Nov 29, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Claim S.S. and Invest it
Replies: 13
Views: 1984

Re: Claim S.S. and Invest it

The increase in the monthly benefit, or decrease, is based on how close you are to Full Retirement Age when you claim (which may not be when you stop working). It's 8% annually, but not compounded, and is calculated month by month. If you claim early and invest the proceeds your estate may be larger...
by Phineas J. Whoopee
Wed Nov 29, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: i bonds purchase questions
Replies: 7
Views: 891

Re: i bonds purchase questions

... All i-bonds are issued on the date of the most recent preceding interest rate announcement , which happens in Nov and May every year. For example, the ones I bought on Nov 12 or so have issue dates of 1 Nov 2017. I'm afraid that's incorrect. Savings bonds are issued on a monthly basis. As long ...
by Phineas J. Whoopee
Wed Nov 29, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 217
Views: 153866

Re: A time to EVALUATE your jitters

I'm sorry, rad doc, that I failed to be helpful. Let me try a different approach. Answering for yourself, not necessarily for us (but feel free to post if you like), under what circumstances, different from today's, would you be willing to go all in? That is to say, what conditions would cause you t...
by Phineas J. Whoopee
Wed Nov 29, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 217
Views: 153866

Re: A time to EVALUATE your jitters

Relevant to jitters and overvaluation , what would somone do with a new lump sum at such times? I posted about windfall in prior thread that now has me at around 20% equity, rest in cash. I am hesitant to go up to my target 70% equity now. What are peoples thoughts on moving up to 50% and having re...
by Phineas J. Whoopee
Tue Nov 28, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Common Sense on Mutual Funds
Replies: 20
Views: 2072

Re: Common Sense on Mutual Funds

By including international I may or may not be increasing return, but I am increasing diversification Diversifying into investments that perform worse doesn't have a benefit in terms of either risk or returns. You could "diversify" into the economies of Yemen and Sudan for example, but these are te...
by Phineas J. Whoopee
Mon Nov 27, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7775

Re: CNBC says Vanguard says 70% Chance of "Correction"

Doesn't it correct every day/hour/second/millisecond? Conventionally when talking about the stock market a correction means at least a 10% decline from the recent high. Similarly a bear market is at least 20%. There's nothing intuitive about the terms and the numbers are arbitrary. It's just the wa...
by Phineas J. Whoopee
Sun Nov 26, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds: Why?
Replies: 29
Views: 2293

Re: Bonds: Why?

Short-term corporate bonds should do fine in a rising interest rate environment. I wouldn't venture super far out in terms of duration, though, unless your time horizon exceeds it. Expected return models favor long bonds right now. Can you provide links to those models? I like to check things out m...
by Phineas J. Whoopee
Sun Nov 26, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds: Why?
Replies: 29
Views: 2293

Re: Bonds: Why?

Short-term corporate bonds should do fine in a rising interest rate environment. I wouldn't venture super far out in terms of duration, though, unless your time horizon exceeds it. Expected return models favor long bonds right now. Can you provide links to those models? I like to check things out m...
by Phineas J. Whoopee
Sun Nov 26, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: Common Sense on Mutual Funds
Replies: 20
Views: 2072

Re: Common Sense on Mutual Funds

I look at it this way. ... Can you really say that these economies will perform better than the US? Maybe you can pick one that does, or time it right . The only thing most investors have to go on is past performance so you can go back in history and extrapolate that into the future . But why is th...
by Phineas J. Whoopee
Sun Nov 26, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds: Why?
Replies: 29
Views: 2293

Re: Bonds: Why?

... The point is, there is no such thing as a perfectly-stable investment. I bonds certainly fluctuate, at least their interest rates do. And I'm not all that certain that the calculations used to vary I bond rates bears more than a passing resemblance to the real-world market inflation I see as a ...
by Phineas J. Whoopee
Sun Nov 26, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 48
Views: 4377

Re: Have TIPS truly been tested yet?

... Can one really put 25-50% of their bond portfolio into TIPS comfortably? Sure. Disclosing nothing I've not posted before, my portfolio is: 25% total us stock; 15% total international stock; 40% inflation-linked fixed income; and 20% nominal fixed income. I lump TIPS (all in tax-advantaged) and ...
by Phineas J. Whoopee
Fri Nov 17, 2017 12:22 am
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3413

Re: The World's Negative Interest Rate Experiment

The SEC yield on the Vanguard Short-term TIPs index fund is negative at the moment: https://personal.vanguard.com/us/funds/snapshot?FundId=1967&FundIntExt=INT Admiral shares or ETF are 9 basis points higher. Let's please keep in mind the way Vanguard calculates TIPS fund SEC yields, a method the SE...
by Phineas J. Whoopee
Thu Nov 16, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5101

Re: Where did you first learn about investing?

Where did I first learn? From my father, who explained, complete with an anecdote, never to invest because that's the way them rich people get rich. It's by stealing from we poor people.

Fortunately for me I thought about it some more later.

PJW
by Phineas J. Whoopee
Thu Nov 16, 2017 8:56 pm
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3413

Re: The World's Negative Interest Rate Experiment

Negative central bank policy rates are mostly applied to bank reserves kept on deposit with them in excess of what regulations require . Other than those, bond yields are set by continuous, ongoing auctions. Nobody buys a bond with a yield to maturity , YTM, lower than they will accept, even if it's...
by Phineas J. Whoopee
Thu Nov 16, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 810

Re: Info on NY State's Essential health care plan?

... After doing a bit of online research I can confirm that the NY Essential Plans have rolling sign-up periods. In addition, if I don't like like my provider I can switch to another provider at any time. So it appears that they have Medicaid-style sign-up rules. It looks like what you wrote is tru...
by Phineas J. Whoopee
Thu Nov 16, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 810

Re: Info on NY State's Essential health care plan?

... Yes, I can just get an off-exchange policy. But my COBRA cost is currently $11,000 in annual premiums. Presumably any similar post-COBRA off-exchange plan would also be quite costly. However, the Essential Plan would be $20 per month! It is an enormous cost difference. In NY State, if you are f...
by Phineas J. Whoopee
Wed Nov 15, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 810

Re: Info on NY State's Essential health care plan?

In New York State one is not required to use the Essential Plan , one of two examples of a Basic Health Program as authorized under the Patient Protection and Affordable Care Act (the other is in Minnesota ). You can always opt to buy health insurance off-exchange. You can even buy it on-exchange wi...
by Phineas J. Whoopee
Wed Nov 15, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: Age in bonds, tax-sheltered options
Replies: 8
Views: 990

Re: Age in bonds, tax-sheltered options

... 42% of Vanguard total bond is Treasuries so it would be a good idea for even the lazy investor to go look at what is in that fund to start with. Also 5.6% foreign bonds I notice. Those are Yankee Bonds , which are issued in the US, under US law, in US dollars, and trade in US markets , by US br...
by Phineas J. Whoopee
Sun Nov 12, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: Are we headed for a crash or...
Replies: 19
Views: 1912

Re: Are we headed for a crash or...

We are always headed for a crash. We just don't know by how much, nor how far in the future. Crashes have happened and will again. It's best to design a portfolio and investment policy with that fact in mind. We are also always headed for a lesser downturn, and headed for gains. How much? When? Don'...
by Phineas J. Whoopee
Sun Nov 12, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10927

Re: The average American retiree household

... They would probably have to spend several hundred dollars a month for taxes, insurance, and maintenance if they still owned their house. Obviously these expenses do not apply to renters , so the net result is that they would still save that money even if they spent the whole $900 on rent. Unles...
by Phineas J. Whoopee
Mon Nov 06, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 4090

Re: Did I earn an extra hour of interest last night?

... But if it didn't stop right at 2:00 AM, it would have to stop anyway when it reached the next station. If it arrived at a station at 1:15 EST for a scheduled 2:15 departure, it would wait in the station to avoid leaving an hour ahead of schedule. Indeed, that's one thing I learned in my travels...
by Phineas J. Whoopee
Sun Nov 05, 2017 8:11 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 4090

Re: Did I earn an extra hour of interest last night?

... Yes, you get paid for another hour in the fall and one hour less in the Spring if you're working the overnight shift. Physicians without their own practices aren't even on salary? Do you have to go on strike to demand time and a half, and at least an eight-hour break between working hours (if n...
by Phineas J. Whoopee
Sun Nov 05, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 4090

Re: Did I earn an extra hour of interest last night?

We individuals, most of us anyway, are credited interest by the day or longer, so no to what may have been a tongue-in-cheek question. There exist institutions, perhaps mostly foreign and ex-US branches of US firms (my direct knowledge is from continental Europe), which invest enormous amounts and i...