Search found 6967 matches

by Phineas J. Whoopee
Wed Apr 25, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3237

Re: [Vanguard account locked out due to deceased owner]

... Sorry --- I was referring to Inbox788 's comment about needing separate lists for bill pay. Why can't spouses use a joint checking account and have either of them "pay bills" without creating two separate bill pay "lists"? "inbox788 wrote: ↑Wed Apr 25, 2018 7:46 pm I've frequently done this whe...
by Phineas J. Whoopee
Wed Apr 25, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3237

Re: [Vanguard account locked out due to deceased owner]

... Certainly retirement accounts are "individual" accounts. But regular taxable accounts, at least in every state I've ever lived in , can be "joint". EACH party has the right to access the information; each can withdraw money at the bank; each can write checks (which have both names on them, but ...
by Phineas J. Whoopee
Wed Apr 25, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 8
Views: 651

Re: Rising Interest and bond funds

The overall expected return of a bond ladder would be exactly the same as an index fund which is a collection of bond ladders. With the ladder, you have no principal risk but you are locked into the lower yield of the original bond. With the index fund, you have principal risk but the yield rises a...
by Phineas J. Whoopee
Wed Apr 25, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3237

Re: [Vanguard account locked out due to deceased owner]

... I thought the joint account would retain the access to the survivor with regard to financial accounts as well as safe deposit boxes. Are you saying in some states this status changes when a party dies? I'm talking about joint ownership where either party has 100% rights to the account when both...
by Phineas J. Whoopee
Wed Apr 25, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3237

Re: [Vanguard account locked out due to deceased owner]

... Also, one of the ways people access deceased person's accounts is password sharing. Password sharing can void the fraud reimbursement guarantee of mutual fund and brokerage firms that have a guarantee. Thanks for the good additional thought. That's true even without anybody dying. It's always b...
by Phineas J. Whoopee
Wed Apr 25, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security computing question
Replies: 10
Views: 608

Re: Social Security computing question

Most future benefits calculations assume you will continue earning the same amount as you did the year before last until your claiming date. It seems as if that's not the case for you. After not having employment income, self or otherwise, for long enough, the assumption becomes that you continue to...
by Phineas J. Whoopee
Wed Apr 25, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 865

Re: 40/60 Balanced Index ?

All the suggested funds are viable options. Some are actively managed, some are funds of index funds. Only you can decide what you're more comfortable with. Any one of the funds beating any of the others, in the 40/60 asset allocation neighborhood, is not predictable, although in the fullness of tim...
by Phineas J. Whoopee
Wed Apr 25, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have 3 different investment horizons when planning for retirement?
Replies: 30
Views: 1885

Re: Do I have 3 different investment horizons when planning for retirement?

Regardless of what makes anybody feel better thinking of it as, one owns the totality of what one owns. Cash for three years, bonds for five more years, and a, say, 70/30 portfolio for beyond eight years is still the total portfolio. Thinking of parts as if they are different does not change the tot...
by Phineas J. Whoopee
Wed Apr 25, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 8
Views: 651

Re: Rising Interest and bond funds

In the spirit of not biting recent joiners, said article is here: Rolling ladders versus bond funds.
PJW
by Phineas J. Whoopee
Wed Apr 25, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3237

Re: [Vanguard account locked out due to deceased owner]

Thesaints wrote:
Wed Apr 25, 2018 4:46 pm
Yeah! Always follow the Law; do not rush it.
Pretending to be a person you know has died to access their financial accounts is always fraud, rushed or otherwise, whether or not anybody else knows yet.

PJW
by Phineas J. Whoopee
Wed Apr 25, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3237

Re: [Vanguard account locked out due to deceased owner]

Access to a safe deposit box after the renter's death is regulated by state law. One person's experience may not match another's in a different state. There may be states where one of a pair of joint holders can access the box after the other dies, and some where they can't. I do not know the law in...
by Phineas J. Whoopee
Mon Apr 23, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Bond prices and "expected" interest rate changes
Replies: 12
Views: 1158

Re: Bond prices and "expected" interest rate changes

And although the secondary bond market is structured as price-maker / price-taker, the existence of multiple dealers each managing their own inventory of Treasuries causes the secondary-market outcome to be little different than if it were a continuous, ongoing auction like that for listed stocks.
PJW
by Phineas J. Whoopee
Mon Apr 23, 2018 5:30 pm
Forum: Investing - Theory, News & General
Topic: Bond prices and "expected" interest rate changes
Replies: 12
Views: 1158

Re: Bond prices and "expected" interest rate changes

Hi OP. The underlying conceptual problem is conflating interest rates with bond yields, which if not otherwise qualified means Yield to Maturity , YTM. It is not your fault. The popular financial press seems to feel their annual bonuses will be bigger if they mislead their readers. Bond yields, Yiel...
by Phineas J. Whoopee
Mon Apr 23, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 6
Views: 1245

Re: Buffett tax red herring?

He seems to be comparing Earnings with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

Alternatively, maybe he is referring to individual income tax on dividends, of which his conglomerate Berkshire Hathaway, BRK.A, doesn't distribute any.

PJW
by Phineas J. Whoopee
Mon Apr 23, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: [essay] The Limits of Theory
Replies: 10
Views: 877

Re: [essay] The Limits of Theory

Thesaints wrote:
Mon Apr 23, 2018 3:37 pm
...
All these statements, and many more, are seldom well understood and instead are taken as the Revealed Truth, unfortunately by most BH-eds as well.
This poster does not speak for me.

PJW
by Phineas J. Whoopee
Fri Apr 20, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: What is "journaling" of assets?
Replies: 16
Views: 2191

Re: What is "journaling" of assets?

Pajamas wrote:
Thu Apr 19, 2018 12:08 pm
It's sloppy to use that sort of lingo in letters to clients. "Journal" refers to bookkeeping entries and account records. Is it a Canadian or Caribbean firm or similar?
...
Yeah. I have a monthly bill I pay online, and the last question before logging off is "Enroll this funding?"

PJW
by Phineas J. Whoopee
Wed Apr 18, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11104

Re: We crush stock indexes, Yale claims

... One example I gave was RMD's. When I'm retired, I think I will keep 5 years of RMD's in cash/low risk bonds so that if a major recession/depression occurs, I'm not selling beaten down stock funds to come up with my RMD's. I doubt most even consider this at 70 1/2 unless they have a seasoned adv...
by Phineas J. Whoopee
Mon Apr 16, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

Don't count on it. Don't think it should.

Congress decides.

Vote.

PJW
by Phineas J. Whoopee
Mon Apr 16, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... I think SS should cover the increase in medical costs, AND, the costs of a basket of food. As near as I can tell (not retired yet) it does not do that. I think it should. Otherwise I can't count on it as an inflation adjusted income. Don't count on it. Don't think it should. Congress decides. V...
by Phineas J. Whoopee
Mon Apr 16, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... I'll admit I did not read the whole list. Does the SS inflation adjutment at least keep up with the medicare premiums (and copays)? I suggest you read about the Medicare Hold Harmless Provision . Beyond that I don't know enough about your personal situation, nor about every state, nor about Med...
by Phineas J. Whoopee
Mon Apr 16, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... I don't think I'm explaining myself clearly. I'm saying the inflation that matters is the change in value of the things you buy, not the change in your personal budget. If you are investing your money to eventually purchase a 1932 Packard Eight Phaeton, then the change in price of that car is t...
by Phineas J. Whoopee
Mon Apr 16, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

In my mind the biggest thing left out of most inflation figures is the cost of healthcare . Healthcare costs seem to go up more than any of the inflation indexes. And the older you get, the more likely you are to need healthcare Healthcare is included in CPI. See for yourself. You may or may not li...
by Phineas J. Whoopee
Mon Apr 16, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... Where did I say I disagree with BLS's weightings, data, or methodology. ... You did not say you disagree, you said you think there is uncertainty. You began with asking about calculations to three decimal places. You're absolutely correct to ask that. If I understand properly you're questioning...
by Phineas J. Whoopee
Mon Apr 16, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

What do you expect CPI to measure? PJW Consumer Prices If you disagree with the BLS's weightings, data, or methodology, all that's fine and it's published. If you live, for example, in Juneau AK, the price of wild-caught Pacific salmon might be, I'm making up unrealistic examples, $1.00 per pound. ...
by Phineas J. Whoopee
Mon Apr 16, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... I compared inflation from BPP with inflation from CPI-U. Someone said both use the same basket and weights, and only difference is the method of sampling prices. And yet sometimes they differed by as much as +/-1.5%. Include standard errors and it is probably only good to +/-2%. <--This is what...
by Phineas J. Whoopee
Mon Apr 16, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3247

Re: Account for Adult Children Allowing Parent Some Control

What's the difference between adult without scare quotes, and "adult" with them?
PJW
by Phineas J. Whoopee
Mon Apr 16, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... The Bureau of Labor Statistics has not started reporting the CPI-PVW, but my only concern about the BLS measures of inflation are how they affect my government benefits. There is a CPI-PVW and CPI-Phineas J. Whoopee. In figuring my expenditures, I only care what CPI-PVW is. Maybe your point is ...
by Phineas J. Whoopee
Mon Apr 16, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

The OP asked a question that's more properly about precision rather than accuracy, examining the reported number of decimal places.

The thread has changed to discussing accuracy, which is in part based on what one means by the word inflation, as Ron posted upthread.

PJW
by Phineas J. Whoopee
Mon Apr 16, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

... Your personal inflation rate is the only one that matters for your personal income and expenditures. ... There is no CPI-PVW any more than there is a CPI-Phineas J. Whoopee. One's personal expenses vary, one's personal basket of goods and services is unlikely to resemble the one used for the na...
by Phineas J. Whoopee
Mon Apr 16, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3704

Re: How accurately can we measure INFLATION?

One thing I have never understood. When inflation numbers are presented, they are usually presented with this caveat, "....these numbers strip out food and energy, because of their volatility", or something to that effect. My question is why strip out Food and Energy? Food and Energy are huge parts...
by Phineas J. Whoopee
Mon Apr 16, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11104

Re: We crush stock indexes, Yale claims

Endowments invest (at least are modeled to invest) in perpetuity. No individual can. One obvious source of return available to perpetual investors is from illiquid assets. Probably neither you nor I could see the sense, for example, in buying some depleted forestland, planting trees, waiting for for...
by Phineas J. Whoopee
Fri Apr 13, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6168

Re: vanguard notice - retiring our old investment platform

I'm not saying Vanguard is right or wrong to make the request, and I'm not telling anybody else what to do, but I would be concerned that eventually, which doesn't necessarily mean Monday morning, with fewer and fewer accounts the old IT system would receive less and less maintenance funding. It's j...
by Phineas J. Whoopee
Wed Apr 11, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 329
Views: 21751

Re: Anyone Deleting Facebook?

I have no way in which to delete it. PJW I had my account disabled but now I can request a completely delete... it will take 14 days! https://www.facebook.com/help/delete_account Best of luck over the next two weeks. I can't delete it because there isn't any there there. It's like suggesting I ushe...
by Phineas J. Whoopee
Mon Apr 09, 2018 3:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 79
Views: 10174

Re: Too much Bogleheads.org?

If enough is good, too much must be better.
PJW
by Phineas J. Whoopee
Sun Apr 08, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Can Big Tech Stocks Grow Without Limits?
Replies: 38
Views: 2997

Re: Can Big Tech Stocks Grow Without Limits?

Taken literally, of course not.

Taken figuratively, we don't know what will happen in the future.

PJW
by Phineas J. Whoopee
Sun Apr 08, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12461

Re: Ivy school education. Is it worth it?

What does the student (not you, OP) want, and is the student likely (in their own opinion, not yours OP) to get it?
PJW
by Phineas J. Whoopee
Sat Apr 07, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11412

Re: What is your AA, given your age? and, Why?

This is what I did, and why. A couple of years later I answered some questions about it.

For the record, I think an age-based asset allocation will be far more practical for most investors.

PJW
by Phineas J. Whoopee
Fri Apr 06, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14875

Re: Swedroe: Look Beyond 60/40 Portfolio

... You don't think that negative correlation has been observed over meaningful periods of time? Is the last 15 years not a meaningful period of time? All the way through, year to year, or just cherry picked start and end dates? If it's year by year, or reliably over some longer period meaningfully...
by Phineas J. Whoopee
Fri Apr 06, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14875

Re: Swedroe: Look Beyond 60/40 Portfolio

... Right. Bond prices move in accordance with interest rate changes, not based on stocks' movement. We would be on the same sentence on the same paragraph on the same page if we said Yield to Maturity , YTM, instead of interest rate . Are we good? PJW Yes, what you've said is more precise. Great. ...
by Phineas J. Whoopee
Fri Apr 06, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14875

Re: Swedroe: Look Beyond 60/40 Portfolio

willthrill81 wrote:
Fri Apr 06, 2018 2:32 pm
...
Right. Bond prices move in accordance with interest rate changes, not based on stocks' movement.
We would be on the same sentence on the same paragraph on the same page if we said Yield to Maturity, YTM, instead of interest rate. Are we good?

PJW
by Phineas J. Whoopee
Fri Apr 06, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14875

Re: Swedroe: Look Beyond 60/40 Portfolio

... In a sense the inverse correlation is still holding up, it is just a delayed effect, with bonds going negative being the price that we pay for stocks having gone up so high. ... Ain't none. In the US investment-grade bonds and stocks have had approximately zero correlation. That means when stoc...
by Phineas J. Whoopee
Fri Apr 06, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 39
Views: 3924

Re: Who uses the 3 fund portfolio ?

... That's a lot of TIPs PJW. Smelling inflation up in them thar hills? ... No. My allocation is not based on any forecast of inflation. It's based on my careful evaluation of my situation, concluding inflation is the biggest financial risk I face. The stocks are there to help over the long term, b...
by Phineas J. Whoopee
Fri Apr 06, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14875

Re: Swedroe: Look Beyond 60/40 Portfolio

... Technically you are right. Practically, though, rising interest rates lower bond prices. The fact that they’ll recover via coupon payments, over many years, is of little comfort . Bonds are supposed to be our safe asset class, remember? What risks do you want to be safe from? If it's fluctuatio...