Search found 4363 matches

by john94549
Sat Jan 30, 2016 12:29 am
Forum: Personal Consumer Issues
Topic: How to stop junk mail for a deceased person
Replies: 39
Views: 2396

Re: How to stop junk mail for a deceased person

I asked our friendly mail person what to do, She responded, in a kindly fashion, just throw it in re-cycle. As she noted, there is really nothing the USPS can do, once you are on a mailing list.
by john94549
Fri Jan 29, 2016 11:51 pm
Forum: Personal Consumer Issues
Topic: How to stop junk mail for a deceased person
Replies: 39
Views: 2396

Re: How to stop junk mail for a deceased person

My Mom died some time back. She contributed to many organizations, and, as a result, got on many mailing lists. We tried sending the stuff back, but it still keeps coming. Finally gave up. Now, we just toss it in re-cycle. I suspect the only solution is to never, ever, file a forwarding address form...
by john94549
Fri Jan 29, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: Rain, what rain?
Replies: 17
Views: 1448

Re: Rain, what rain?

The wife was up in Marin today, and it was actually raining. Here, in Lafayette, we got a good five minutes of light drizzle. Would I move back to Kansas? Close, no cigar.

All our plants and trees could die, we might be left a vast wasteland, California is still home.
by john94549
Fri Jan 29, 2016 2:49 pm
Forum: Personal Consumer Issues
Topic: Rain, what rain?
Replies: 17
Views: 1448

Rain, what rain?

The January miracle turned into the January fizzle. Only folks in California would understand.
by john94549
Thu Jan 28, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

I'm not exactly a fan of LTCI, as you might have guessed. If you buy it, just remember, insurance companies are in the business of collecting premiums, and denying claims. Despite whatever state laws might require about "good faith" dealing with policyholders, the "bottom line" i...
by john94549
Thu Jan 28, 2016 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Penfed's New MM Cert
Replies: 1
Views: 384

Re: Penfed's New MM Cert

PenFed has been up and down, around and about, since forever. My PenFed IRA CDs mature in 2017. I will then move them. Where, I have not a clue. IRA CDs are right up there with moving targets on a skeet range. "Pull, poof, you missed, try again". No matter how hard you try, the shotgun ten...
by john94549
Thu Jan 28, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Starting off 2016: If you had $15,000.00 to invest, what would you do with it?
Replies: 21
Views: 2216

Re: Starting off 2016: If you had $15,000.00 to invest, what would you do with it?

It is quite possible to make out-sized returns with major risk, but I would suspect most Bogleheads would find such a strategy ill-advised*. Even a yield of 10%/annum (I'd take that in a heart-beat, mind you), on $15,000 would be far short of your desired return. I think the key is to be patient. Wh...
by john94549
Thu Jan 28, 2016 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Eating money eating out! Going on a 401k diet. Help!
Replies: 27
Views: 2880

Re: Eating money eating out! Going on a 401k diet. Help!

I would concur it might make more sense to go to the grocery store. That said, for some folks, grocery shopping is neither an option nor cost-effective. For example, some folks in San Francisco live too far away from grocery stores, and have limited access to public transit which might enable them t...
by john94549
Wed Jan 27, 2016 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

I fear we're wandering perilously close to "off topic", but it's still fun. Certainly more interesting than debating the merits of 50/50 versus 60/40. I so love Bogleheads. Only here could one debate the merit of coffee along with the concept of investing.

Think about it.
by john94549
Wed Jan 27, 2016 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

EnjoyIt wrote: I'm told that and a dollar still won't buy me a cup of coffee today.


Especially at Starbucks. Have you checked out their prices these days? My wife loves her Starbucks, but I swear on a stack of coffee beans, it eats into our net worth.
by john94549
Wed Jan 27, 2016 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

OMG, can we stop the food fight? Let's agree to disagree and move on. This is starting to sound like a discussion at Thanksgiving, where I'm the cranky Grandpa (which I am) and you're the nephew who works for a brokerage. My wife always had the "look" she would flash me, usually before des...
by john94549
Wed Jan 27, 2016 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

funny how some think this is market timing. Every investment one can make is timed at some time or another. Congrats to the OP for buying now instead of at the market peak. Sam, we merely need to divorce "investing" and "trading". If the OP was trading, then I could understand. ...
by john94549
Wed Jan 27, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

Fallible wrote:
May be my fault, but I think you misunderstood my comment, which refers to the OP's core investments, not his market timing.


OK, then I suspect we're on the same page.
by john94549
Wed Jan 27, 2016 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

And now I should say that you are a far better investor than I was at 24 and congratulations on that. Sounds like a discussion overheard many years ago at the Royal Exchange. The notion that folks (whatever their age) can just toss money into equities is, well, beyond me. I have no problem with tra...
by john94549
Wed Jan 27, 2016 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

This volatility is a trader's nirvana. Up, down, up, down. All you need to make money is a bit of cash and a computer. OK, a bit of history. Back when I was actually working, a trading shop opened up across the street from where I worked (One Embarcadero Center). I think it closed shop quite some ti...
by john94549
Wed Jan 27, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 41
Views: 2691

Re: Treasury Direct is a waste of time

Telemark, well good for you. It's nice to hear some positive comments. That said, I wouldn't go near TD with any serious money. My Mom's experience was enough to scare me away forever. Just give me a good, old-fashioned, FDIC/NCUA-insured CD. Preferably from a financial institution which answers the...
by john94549
Wed Jan 27, 2016 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 41
Views: 2691

Re: Treasury Direct is a waste of time

Telemark, I guess the point we "old folks" were making is that it's ever so much easier to "give" than to "receive".
by john94549
Wed Jan 27, 2016 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 41
Views: 2691

Re: Treasury Direct is a waste of time

my main concern was how my heirs would possibly be able to deal with TD after my eventual demise. At least you've considered this, and a great plus for that. Dealing with TD was difficult for my Mom, as noted above. I shudder to think how it might have been had the money still been "locked up&...
by john94549
Wed Jan 27, 2016 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

OP, it is impossible to predict direction in this market. This week has been the poster-child. If one is blessed with good fortune, and is "up", book profits. They might not last. The biggest laugher recently: the "sequoia sempervirens" which roughly translates to "the redwo...
by john94549
Wed Jan 27, 2016 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 41
Views: 2691

Re: Treasury Direct is a waste of time

I have to agree. I find it very cumbersome and not at all user-friendly. I inherited 36 paper EE and I bonds that had no POD on them. After completing all the proper paperwork and mailing in the bonds, they are finally in a conversion account after three months. Now I have to transfer them into my ...
by john94549
Wed Jan 27, 2016 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 41
Views: 2691

Re: Treasury Direct is a waste of time

Mom had a T-Bill. I finally convinced her to cash it out, before she died. Rates aside, I share your pain.

She considered it "patriotic" to own a T-Bill.

If you think depositing money with Treasury Direct is difficult . . .
by john94549
Wed Jan 27, 2016 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account / Trust Problem
Replies: 4
Views: 550

Re: Brokerage Account / Trust Problem

I would consult an estate attorney Disclaimer: I never practiced in the area. Had I done so, alarm bells would have sounded, and a giant flag reading "malpractice alert" would have been raised. That said, as a (retired) attorney, I would submit that OP's situation is more likely due to a ...
by john94549
Wed Jan 27, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

Back when I filed via snail mail, I always sent it certified mail, return receipt. Never, ever, did I get the return receipt from Fresno. I'd love to hear from anyone, anywhere, who had their receipt returned. I guess it all boils down to the phrase "return receipt requested". Emphasis on ...
by john94549
Wed Jan 27, 2016 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account / Trust Problem
Replies: 4
Views: 550

Re: Brokerage Account / Trust Problem

I went through the process recently (as successor trustee). The account administrator should provide you with forms to fill out. In my case, they varied in complexity, but the CSRs walked me through. This is what I did: 1. Called each brokerage, told them my Mom had died. Advised I was successor tru...
by john94549
Tue Jan 26, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

OP, I'd take the money and run. Worst case scenario, the market tanks into the close (I've seen this happen more than a few times). For future reference, ETFs can be sold with the click of a mouse. Mutual funds are pesky. I'd have rung the register when the S+P hit 1905. I'd book green on a daily sw...
by john94549
Tue Jan 26, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Bought a bunch of stocks today
Replies: 42
Views: 4136

Re: Bought a bunch of stocks today

As I noted in another thread, I purchased 200 shares of VTI on January 19. I sold them (at a modest profit) on January 22. Stated another way, it is indeed possible to purchase equities at "X" and sell them at "X+Y". Day traders, week traders, year traders. So long as the delta i...
by john94549
Tue Jan 26, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance Asset Allocation
Replies: 15
Views: 1118

Re: Inheritance Asset Allocation

The irony with any inheritance is "what would my Mom do?" I use "Mom" because Moms generally outlive Dads, but feel free to substitute.

I finally determined that Mom couldn't care less.
by john94549
Tue Jan 26, 2016 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

Grandmacassie's observation is spot on. Skilled nursing is wildly expensive. The irony is, in-home care is probably more cost-effective, but less likely to be "covered" by other peoples' money. Before she died, my Mom experienced both skilled nursing and in-home care. Suffice it to say the...
by john94549
Tue Jan 26, 2016 1:15 am
Forum: Investing - Help with Personal Investments
Topic: for slice and dicers - anyone moving into Em Mkt or HY?
Replies: 31
Views: 2159

Re: for slice and dicers - anyone moving into Em Mkt or HY?

I am neither buying nor selling my Emerging. It's merely one of my "aargh" investments. Indeed, it hardly qualifies as an investment. More like a rounding error.
by john94549
Tue Jan 26, 2016 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

LTCI is a bet. It's a bet on a number of levels. It's a bet you'd ever qualify. It's a bet the person evaluating your claim assumes you qualify. It's a bet the company pays the bills. It's a bet the company doesn't go bankrupt. The only "given" with LTCI is the premium you pay, like clockw...
by john94549
Tue Jan 26, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

LittleOlMe, I was merely noting the obvious. Insurance companies are in the business of collecting premiums and denying claims. I was an "insurance defense attorney" for a number of years, and heard the phrase repeated over, and over, and over. Underwriters collect bonuses on premiums coll...
by john94549
Mon Jan 25, 2016 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

OP, if your LTCI policy covers $280/day "for life" it's better than golden, it's platinum. We passed on LTCI because of the caps. Inflation aside, a lifetime benefit is worthy. That said, LTCI has its downsides. You might run into a claims administrator who denies your claim. While you mig...
by john94549
Mon Jan 25, 2016 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Downturn in the Market
Replies: 33
Views: 3050

Re: Downturn in the Market

The 200 shares of VTI I sold on January 22 are down a buck today. Should I be glad or sad (since I still own, well, more than a few). Trading is fun, but investing can be boring. As I noted in another thread, I bought those 200 shares on January 19 for a bit less than I sold them on January 22. I am...
by john94549
Mon Jan 25, 2016 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 5907

Re: Did the bears eat my retirement? - Sequence of Returns Risk

I will attempt to say this in the most non-rude and non-arrogant fashion. Bear markets don't eat anything. Bears do. Folks leave food on the table, which bears then come and eat. Last I checked, bears don't eat cash.
by john94549
Mon Jan 25, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 5907

Re: Did the bears eat my retirement? - Sequence of Returns Risk

We keep going around and around. The "market" never eats anything. Seriously, there is a button on your computer, and it's marked "sell" If you don't push it, well, you get the drift.
by john94549
Mon Jan 25, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 5907

Re: Did the bears eat my retirement? - Sequence of Returns Risk

gth8857 wrote:

This goes against everything everyone else preaches.


Actually, not. Fans of Jack Bogle (and I am one) would never suggest losing money. My thought was merely to capture one's gains, transfer said gains to an FDIC/NCUA-insured product, and move on.
by john94549
Mon Jan 25, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 5907

Re: Did the bears eat my retirement? - Sequence of Returns Risk

[I]t might not be too late. Cash is king. A CD ladder, by definition, is king on steroids.

[off-topic comments deleted by admin alex]
by john94549
Mon Jan 25, 2016 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Another 100% stock thread!
Replies: 33
Views: 2810

Re: Another 100% stock thread!

I agree 100% with letsgobobby if one is going to do 100% equities you have to have a firm plan set of what to do not only during accumulation, but as one get closer to retirement (within 10 yrs.) AND during the withdrawal phase. Good luck. The trick is knowing when to begin to transition. When does...
by john94549
Mon Jan 25, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Another 100% stock thread!
Replies: 33
Views: 2810

Re: Another 100% stock thread!

To: letsgobobby From: John94549 The siren song of equities. Having been up and down the equities roller coaster more than a few times, I decided to plunk a goodly amount in cash (IRA CDs, laddered). Did it over time, gradually, so to speak. Now, we have enough in the IRA CDs to cover 15 years. I sti...
by john94549
Mon Jan 25, 2016 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Another 100% stock thread!
Replies: 33
Views: 2810

Re: Another 100% stock thread!

kenner wrote:
6. Will be fine financially if, in the year leading up to retirement, the market suffers a 2008-type loss of 50% of its value.


I'd add paragraph 7.

7. Your wife hasn't already killed you, a year later.
by john94549
Mon Jan 25, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Another 100% stock thread!
Replies: 33
Views: 2810

Re: Another 100% stock thread!

OP, reading between the lines, it appears you understand risk. That said, fixed-income does have a place in any portfolio. Fast-forward to age 60. Would you want to be 100% in equities? I suspect the answer is "no". Point being, it's ever so much easier to transition from 100/0 to 60/40 (o...
by john94549
Mon Jan 25, 2016 8:13 am
Forum: Investing - Theory, News & General
Topic: Best article/study describing why and by how much retail investors under-perform?
Replies: 41
Views: 2410

Re: Best article/study describing why and by how much retail investors under-perform?

Volatility has never caused investors to lose money--investors cause investors to lose money. So true. By definition, if you always set your sell order above the amount at which you purchased (plus commissions, if any), you will always (a) make money, or (b) die trying. Option (b) is probably bette...
by john94549
Mon Jan 25, 2016 1:59 am
Forum: Investing - Help with Personal Investments
Topic: Investing inheritance
Replies: 7
Views: 1042

Re: Investing inheritance

cadreamer2015 wrote: You could consult a real lawyer to get a definitive answer.


As a (retired) attorney, I thought this was too precious. By all means, get a real lawyer.
by john94549
Mon Jan 25, 2016 1:27 am
Forum: Investing - Theory, News & General
Topic: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"
Replies: 16
Views: 2424

Re: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"

Dale, when one is retired (as am I), the only fun in town is volatility.

With respect to international, especially emerging, "bloodbath" is appropriate. I stopped trying to catch that falling knife quite some time ago.
by john94549
Mon Jan 25, 2016 12:35 am
Forum: Investing - Theory, News & General
Topic: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"
Replies: 16
Views: 2424

Re: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"

As I noted in another thread, I actually bought 200 shares of VTI on January 19 and sold them on January 22, at a modest profit*. Last week was good for swing trades. Not advocating, mind you. Just noting. I had to chuckle at Dale's "volatility is my friend" comment. *94.604 => 96.215. Bet...
by john94549
Sun Jan 24, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Downturn in the Market
Replies: 33
Views: 3050

Re: Downturn in the Market

Deleted
by john94549
Sun Jan 24, 2016 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Downturn in the Market
Replies: 33
Views: 3050

Re: Downturn in the Market

Deleted
by john94549
Sun Jan 24, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: who is buying or selling ??
Replies: 27
Views: 2006

Re: who is buying or selling ??

Noobvestor wrote: Managed to catch close to a bottom last week


Indeed, last week was a good week for swing trades. That said, did you ring the register? If not, why not? Rule #1: never let green fade to red. A modest gain is ever so much better than a modest loss. Today, a peacock. Tomorrow, a feather duster.
by john94549
Sat Jan 23, 2016 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley (VWIAX) vs CD for reliable income
Replies: 15
Views: 2795

Re: Wellesley (VWIAX) vs CD for reliable income

If one purchases a five-year CD at 2.25%, one will receive $2250 for every $100,000 invested. By definition, that's "reliable income". On the other hand, if one purchases a mutual fund, the dividend is hardly reliable, and the NAV is problematic. In my humble opinion, folks seeking "r...

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