Search found 29497 matches

by nisiprius
Wed Feb 10, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: alleged pharmacist malpractice- does wife need a lawyer?
Replies: 20
Views: 1126

Re: alleged pharmacist malpractice- does wife need a lawyer?

Normally, it's the job of the plaintiff's attorney to embroil as many people as possible in the lawsuit (so that they can't escape blame by pointing at someone else). It is good that your wife is not named as a defendant. But I don't understand why not, if "they allege that my wife and the pres...
by nisiprius
Wed Feb 10, 2016 8:24 am
Forum: Investing - Theory, News & General
Topic: "Goldman Sachs Abandons Five of Six 'Top Trade' Calls for 2016"
Replies: 9
Views: 976

Re: "Goldman Sachs Abandons Five of Six 'Top Trade' Calls for 2016"

The fumbles underscore the volatility that has beset global markets... Yeah, volatility. That pesky old volatility. Blame it on volatility, it's volatility's fault. Goldman, Sachs' predictions would be reliable under normal circumstances when there isn't volatility. I just became aware of another b...
by nisiprius
Wed Feb 10, 2016 7:38 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF - Can't get original contract?
Replies: 14
Views: 401

Re: TIAA-CREF - Can't get original contract?

When I actually annuitized my contract, I received a 13-page document with a slick cover and the title "Your TIAA contract." On closer inspection, though, I see that it is surprisingly vague--it discusses the specifics of the "guaranteed" payments, says that the graded payment me...
by nisiprius
Tue Feb 09, 2016 9:26 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 63
Views: 2555

Re: Math and Computer Science

This isn't your question, but I wonder if you should reconsider your question about your nephew's aptitude. This is what college is about, figuring out what your aptitude, figuring out what you love, figuring out a major, perhaps resisting parent's who want you to major in something because they th...
by nisiprius
Tue Feb 09, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) getting killed
Replies: 50
Views: 4200

Re: 401(k) getting killed

It almost doesn't seem to matter what basket of stocks you have, they are taking a beating as of the last few months. Yes. This usually happens. Unfortunately my company will only let me invest my 401(k) in mutual funds. If the fund has stocks in it, I am losing money. Yes. When the stock market go...
by nisiprius
Tue Feb 09, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 63
Views: 2555

Re: Math and Computer Science

I'm not sure. I was a math major and, you know, got an OK grade and everything... but didn't feel any real lust for mathematics. I was rather put off by the degree of abstraction involved in real math, and the inability to see real-world references for the abstractions... and I didn't have what it t...
by nisiprius
Tue Feb 09, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: High school curriculum: Is filling out tax forms part of it?
Replies: 49
Views: 1155

Re: High school curriculum: Is filling out tax forms part of it?

Perhaps I'm not remembering correctly, but I think I remember doing a 1040A (or was it a 1040-EZ? did they exist then?) as part of the same junior high school civics unit in which we were asked to write up a budget for a family of four living on $5,000 a year. There must have been some place where I...
by nisiprius
Tue Feb 09, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: SRI, is there a "price" to pay?
Replies: 1
Views: 255

Re: SRI, is there a "price" to pay?

Larry, as I recall you have a chapter about SRI in The Only Guide To Alternative Investments You Will Ever Need: The Good, the Flawed, the Bad, and the Ugly , and you put it under "flawed." When I was younger and more naïve I used some SRI funds: Pax World, Domini Social Equity Index Fund*...
by nisiprius
Mon Feb 08, 2016 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Quest for lower fees: Found lowest cost option yet. Go with it?
Replies: 23
Views: 1376

Re: Quest for lower fees: Found lowest cost option yet. Go with it?

Speaking as a Vanguard fan , who admits to Vanguard brand loyalty, currently has all brokerage accounts at Vanguard and all securities investments in the form of Vanguard funds, I would say... ...if you are on a "quest" for the lowest fees, just because it is a kind of hobby of yours, even...
by nisiprius
Mon Feb 08, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2692
Views: 534639

Re: U.S. stocks in freefall

Here is some noise for you to tune out. A correspondent pointed this out to me: Jeremy Siegel saying I was too bullish and here's why. It is rather amazing to me coming from Siegel . (Jeremy Siegel is the noted professor, famous author of Stocks for the Long Run , consultant at the Wisdomtree fund c...
by nisiprius
Mon Feb 08, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3341

Re: Thank goodness for my precious metals

PRPFX is a very poor representation of Harry Browne's preferred asset allocation (the Harry Browne Permanent Portfolio, or HBPP). It is way too tilted toward inflation and has high costs. The standard HBPP has 25% in cash, 25% in gold, 25% in long Treasurys, and 25% in stocks. That has done much be...
by nisiprius
Mon Feb 08, 2016 2:48 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1351
Views: 277405

Re: What Book Are You Currently Reading? Part VI

Just discovered Lee Child's Jack Reacher series and am at the glorious stage of having discovered a new series author that I like, and but not yet at the stage where I've cracked the "formula" and get disappointed at their being formulaic. Try to resist the temptation to read the books on...
by nisiprius
Mon Feb 08, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3341

Re: Thank goodness for my precious metals

My networth is shy of a million dollars and you can bet I would never have all 800k tied up in the stock market. Nor would I, and nor do I. But my non-stock stuff is all plain vanilla dumb traditional... what's the opposite of "alternative?" How long have you been holding precious metals?...
by nisiprius
Mon Feb 08, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3341

Re: Thank goodness for my precious metals

Since the Permanent Portfolio holds a meaningful allocation to precious metals, and since it is billed as being a conservative, defensive holding, it is reasonable to compare it to conservative portfolios without precious metals. Since the Permanent Portfolio mutual fund, PRPFX was developed with th...
by nisiprius
Mon Feb 08, 2016 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3341

Re: Thank goodness for my precious metals

"Need?" Could you expand that, please? I never like statements that say I "need" to invest in anything. Could you fill out the statement: why do I "need" to invest in precious metals? What vital thing will I miss without them, that I can achieve with a "small"...
by nisiprius
Mon Feb 08, 2016 10:26 am
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 21
Views: 2131

Re: Jim Cramer

Just speaking personally and obviously my opinion is worthless because I don't do it... what on earth is the point of following somebody else's "fun" picks? What are you demonstrating, your ability to spot talent? It seems to me that if I were going to pick stocks I'd want to do something ...
by nisiprius
Mon Feb 08, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: How are microshaped nylon-like doohickeys manufactured?
Replies: 9
Views: 958

Re: How are microshaped nylon-like doohickeys manufactured?

Thanks to all! I feel stupid but enlightened. My knowledge of injection molding probably came from personal experience of those coin-operated souvenir machines they used to have at museums, that would drop into your hand a freshly-molded warm rubber dinosaur reeking of solvent. http://farm8.staticfl...
by nisiprius
Mon Feb 08, 2016 10:06 am
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 21
Views: 2131

Re: Jim Cramer

How many stocks does it take to be truly diversified? ... if you insist on more than fifteen or more stocks, you might as well hand off your money to one of those mutual fund fellows, although the costs, in fees, will be prohibitive unless you select a passive model, such as an index fund. Does any...
by nisiprius
Mon Feb 08, 2016 7:56 am
Forum: Personal Consumer Issues
Topic: How are microshaped nylon-like doohickeys manufactured?
Replies: 9
Views: 958

Re: How are microshaped nylon-like doohickeys manufactured?

If I look at the rounded end of the ear cleaner under a microscope, should I be able to see a mold line somewhere?
by nisiprius
Mon Feb 08, 2016 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Is CD an investment or savings?
Replies: 17
Views: 950

Re: Is CD an investment or savings?

The bank guy is confused or trying to manipulate you. In my opinion (and bobcat2 said I was right!) --"Savings" is money you didn't spend --"Investment" is wherever you put that money until you do spend it. Maybe we should add that it is someplace where you hope it will grow. Ban...
by nisiprius
Mon Feb 08, 2016 7:26 am
Forum: Personal Consumer Issues
Topic: How are microshaped nylon-like doohickeys manufactured?
Replies: 9
Views: 958

How are microshaped nylon-like doohickeys manufactured?

I've been brooding for some time on how important new technologies sneak into our lives without our noticing them, because what we learn about is the products, not the technologies that make them possible. Rare earth magnets, for example... Anyway, I think I've noticed another. In the drugstore, the...
by nisiprius
Mon Feb 08, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: Are US Stocks Overvalued?
Replies: 18
Views: 1850

Re: Are US Stocks Overvalued?

1) Even on the face of it, it doesn't tell us whether or not stocks are "overvalued." It tells us only that stocks and bonds are valued consistently with each other. 2) If you believe in a coming "bondpocalypse," then it would follow that "interest rates can only go up, and ...
by nisiprius
Sun Feb 07, 2016 2:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1351
Views: 277405

Re: What Book Are You Currently Reading? Part VI

Just discovered Lee Child's Jack Reacher series and am at the glorious stage of having discovered a new series author that I like, and but not yet at the stage where I've cracked the "formula" and get disappointed at their being formulaic. Currently reading Nothing to Lose . What to call t...
by nisiprius
Sun Feb 07, 2016 7:17 am
Forum: Investing - Theory, News & General
Topic: Case for Bull Market Next 15-20 Years
Replies: 18
Views: 2593

Re: Case for Bull Market Next 15-20 Years

Nobody knows nothing! ---- I do find it interesting that the majority of opinions today seem to be forecasting 'lower returns'....I remember the late 1980s, after quite a run up in the stock market, most everyone was predicting lower returns for the 1990s. No, not quite. You are not remembering the...
by nisiprius
Sat Feb 06, 2016 10:43 pm
Forum: Investing - Theory, News & General
Topic: Expense ratio vs return on investment
Replies: 13
Views: 1149

Re: Expense ratio vs return on investment

Hello, All the literature I've been able to access indicates that a fund's return incorporates the fees. In other words, if a fund grows at 4% and has an expense ratio of .5%, the return is listed at 3.5%. Yes. If this is true, isn't the expense ratio of a fund irrelevant when searching for a quali...
by nisiprius
Sat Feb 06, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3746

Re: Today's dumbest investment advice

I do believe you could promote a strategy of throwing $100 bills off the 86th-floor deck of the Empire State Building, to see whether the wind will bring back more or less than the amount you threw. And when people say "But all the experts say you shouldn't do that," you could say "T...
by nisiprius
Sat Feb 06, 2016 10:08 am
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3746

Re: Today's dumbest investment advice

I think I've found a dumber article, although I'm not sure it counts as "investment advice," unless sports gambling counts as investing. These four stocks predict who wins Super Bowl 50
by nisiprius
Sat Feb 06, 2016 10:03 am
Forum: Investing - Theory, News & General
Topic: Case for Bull Market Next 15-20 Years
Replies: 18
Views: 2593

Re: Case for Bull Market Next 15-20 Years

Nobody knows nothing! ---- I do find it interesting that the majority of opinions today seem to be forecasting 'lower returns'....I remember the late 1980s, after quite a run up in the stock market, most everyone was predicting lower returns for the 1990s. No, not quite. You are not remembering the...
by nisiprius
Sat Feb 06, 2016 9:28 am
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3746

Re: Today's dumbest investment advice

A correspondent points out an article: "buying the dividend" as an intentional strategy is a real thing, under the name dividend capture strategy. The article concludes with the almost comical statement, "The ultimate test of the success or failure of this strategy is whether or not i...
by nisiprius
Sat Feb 06, 2016 8:59 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 72
Views: 8536

Re: The Gravy Train Departed?

Nobody knows. You have two choices: Invest in stocks in bonds or don't. If you do, this group is in favor of a long term, stay the course, buy the whole market, use very low cost index funds, don't panic, set your appropriate asset allocation, <insert more concepts here> approach. Will it be US sto...
by nisiprius
Sat Feb 06, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Case for Bull Market Next 15-20 Years
Replies: 18
Views: 2593

Re: Case for Bull Market Next 15-20 Years

Should I make the case that she is kicking the ball with her left leg? Would you care to make the case that she is kicking it with her right leg? http://s2.postimg.org/da4h9cvxl/Captura_de_pantalla_2016_02_06_a_las_8_24_13_AM.png (If you think there is only one correct answer, check the source . Hin...
by nisiprius
Fri Feb 05, 2016 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Disappointed in International Funds
Replies: 42
Views: 3338

Re: Disappointed in International Funds

You say you are "disappointed." What did you expect? What did the Vanguard advisor tell you to expect? Although many investors believe in trying to guess or predict which funds or investment categories are about to do well, in this forum many of us are skeptical about this. In this forum, ...
by nisiprius
Fri Feb 05, 2016 4:10 pm
Forum: Personal Consumer Issues
Topic: out of network charge
Replies: 7
Views: 403

Re: out of network charge

I once won an appeal (on a trivial matter) from a health insurance company. You should at least try the appeals process. Document the snowstorm as best you can.
by nisiprius
Fri Feb 05, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: Smart Beta: When the shark jumps the shark
Replies: 11
Views: 1383

Re: Smart Beta: When the shark jumps the shark

"Smart beta is really difficult to define, and it means a lot of things to a lot of different people. The simplest way to explain it is smart beta is any weighting methodology that is an alternative to the traditional market capitalization.'" I get it. It's really elementary logic. 1) All ...
by nisiprius
Fri Feb 05, 2016 2:45 pm
Forum: Investing - Theory, News & General
Topic: Is there any investment that lets you get in/out whenever you want, and govt-guarantees you CPI as a return?
Replies: 20
Views: 989

Re: Is there any investment that lets you get in/out whenever you want, and govt-guarantees you CPI as a return?

I think such an investment is impossible to engineer, i.e. an investment that lets you get in and out whenever you want (like a MMF) and guarantees you (a real guaranty, backed by the full faith and credit of the U.S. govt.) a return equal to CPI-U for the time you're in. It's just theoretically im...
by nisiprius
Fri Feb 05, 2016 2:39 pm
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3746

Re: Today's dumbest investment advice

Yikes! Is this a TheStreet.com thing? :Hurry before the stock goes ex-dividend" is all over the place there. Can it be that the cult of dividend stock investing doesn't understand this? Do people who promote dividend stocks encourage the misunderstanding? http://s24.postimg.org/pos27edc5/Captur...
by nisiprius
Fri Feb 05, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3746

Re: Today's dumbest investment advice

If the selling price is exactly the same as the buying price minus the dividend, what is the tax impact? You have a taxable dividend plus a capital loss... Does that make it worse than just the commissions? Yes. It really speaks very poorly of TheStreet that this got published. Just about every bro...
by nisiprius
Fri Feb 05, 2016 1:59 pm
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3746

Re: Today's dumbest investment advice

This might be worse than dumb. It might be fraud. "Buying the dividend" used to be a scam practiced by cheesy stockbrokers on gullible clients. (According to the author's profile it doesn't sound as if he works in the investment industry though, so probably not...)
by nisiprius
Fri Feb 05, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Tilting towards oil
Replies: 18
Views: 1150

Re: Tilting towards oil

Tilting toward oil is a slippery slope.

(I'm sorry, somebody had to say it!)
by nisiprius
Fri Feb 05, 2016 10:45 am
Forum: Investing - Help with Personal Investments
Topic: VOO vs VTI tracking
Replies: 2
Views: 229

Re: VOO vs VTI tracking

Because the importance of small caps, and the importance of the difference between the S&P 500 and the total market, is frequently exaggerated. Back in the early 1990s, Vanguard was actually sending me mailings explaining the Vanguard Extended Index fund--the Total Stock Market fund had not yet ...
by nisiprius
Fri Feb 05, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3766

Re: Take the Verb Tense Pledge!

Actually, I vote for present perfect continuous which is often used to show that something is temporary. (1) In the modern era, Stocks and bonds have shown low correlation. <--- seems permanent In the modern era, Stocks and bonds have been showing low correlation. <--- feels temporary Seriously, I ...
by nisiprius
Fri Feb 05, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: What growth rate would you use?
Replies: 75
Views: 3544

Re: What growth rate would you use?

Remember, you need to use prudent pessimism in planning. It would be very dangerous to plan on getting the historic average return for stocks. I disagree. I have 26 years until I'll need retirement, and figure that the average performance for the next 26 years will probably be similar as the averag...
by nisiprius
Thu Feb 04, 2016 10:38 pm
Forum: Investing - Theory, News & General
Topic: SEC proposed regulations can affect index funds
Replies: 21
Views: 1163

Re: "Mutual Funds Are Risky"

...With these kinds of restrictions placed on mutual funds, which essentially control a huge portion of the investible securities market, this regulation could in essence force extreme capitulation in a severe downtrend as a large population of whom would normally be "buyers" would be rem...
by nisiprius
Thu Feb 04, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3766

Re: Take the Verb Tense Pledge!

In any case, I failed miserably at communicating in English. I wasn't trying to make a point about grammar. I was trying to make a point about phrasing statements about past data. Past data should be described in a way that says "this is an accurate record of something that happened in the past...
by nisiprius
Thu Feb 04, 2016 5:51 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3766

Re: Take the Verb Tense Pledge!

sarahjane wrote:AND beware the double negative! ("I don't think there is no downside")
Face duly palmed.
by nisiprius
Thu Feb 04, 2016 5:33 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3766

Take the Verb Tense Pledge!

Not to criticize someone who started a thread with the title "Do value stocks outperform growth when rates rise?" We all should know better, but everyone does it. But verb tense disease is endemic and contagious. Verb tense disease occurs when we use the present tense when we should be usi...
by nisiprius
Thu Feb 04, 2016 5:10 pm
Forum: Personal Consumer Issues
Topic: Charities for Bogleheads?
Replies: 25
Views: 1349

Re: Charities for Bogleheads?

At the moment we support two charities. One is the local food pantry. They have very limited storage for perishables, so during the time they are open I make a run to a supermarket and pick up some fresh produce and bring it to the food pantry. I know that everyone at the food pantry is a volunteer....
by nisiprius
Thu Feb 04, 2016 2:21 pm
Forum: Investing - Theory, News & General
Topic: SEC proposed regulations can affect index funds
Replies: 21
Views: 1163

Re: "Mutual Funds Are Risky"

(I can't read the WSJ article and rely on Taylor's summary). Everything is relative. Mutual funds are not the same as everything else you can buy at a brokerage. Mutual funds are supposed to be safer than individual investments in individual assets. And they are supposed to be safer than hedge funds...
by nisiprius
Thu Feb 04, 2016 11:10 am
Forum: Personal Consumer Issues
Topic: The Coming Boglehead Zombie Apocalypse (LED bulbs)
Replies: 94
Views: 7037

Re: The Coming Boglehead Zombie Apocalypse (LED bulbs)

Pay attention to color temperature (and color rendering index). I've been thrilled with the LED bulbs I've bought--first Philips when they cost like $30, then Utilitech (Lowe's house brand) then Cree when prices really started dropping. All around 2700°K color temperature. I haven't paid a lot of at...
by nisiprius
Thu Feb 04, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds not to buy according to this article
Replies: 19
Views: 2873

Re: Vanguard funds not to buy according to this article

TimeRunner wrote:
sfchris wrote:Here is a wonderful way to defeat them at their own game:

http://bit.ly/1R375f5
Deslide - What a great idea! Thanks for sharing!
Yes, that's cool!

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