Search found 1295 matches

by patrick
Thu Sep 29, 2016 1:50 am
Forum: Investing - Theory, News & General
Topic: Variable SPIA: Why Not?
Replies: 18
Views: 1159

Re: Variable SPIA: Why Not?

The variable SPIA could be a good choice if you are willing to take market risk but not willing to take longevity risk. It may well make sense if market risk is the more likely risk to be rewarded fairly. But then again, maybe a person relying on a SPIA should avoid market risk too just to be really...
by patrick
Wed Sep 28, 2016 6:28 pm
Forum: Investing - Theory, News & General
Topic: Why are tax-exempt money market yields so high?
Replies: 11
Views: 1347

Re: Why are tax-exempt money market yields so high?

It is truly a bizarre world we live in where a money market yield of 0.63% is considered high.
by patrick
Sun Sep 25, 2016 9:56 pm
Forum: Personal Consumer Issues
Topic: HSBC Bank- Easy (???) $350 bonus
Replies: 24
Views: 2851

Re: HSBC Bank- Easy $350 bonus

Though I do credit card rewards offers, I am debating if this is worth it. Would a transfer from Vanguard be considered a "direct deposit"? Looking at the long long thread about this on doctorofcredit (http://www.doctorofcredit.com/hsbc-350-checking-account-bonus/) I see both a specific r...
by patrick
Sun Sep 25, 2016 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: How much is free lifetime healthcare worth? [Start business in US or Canada?]
Replies: 22
Views: 1880

Re: How much is free lifetime healthcare worth? [Start business in US or Canada?]

It isn't necessarily a lifetime of healthcare difference -- in the US you can get Medicare starting at age 65.

Keep in mind that the healthcare system will probably go through multiple large changes during your lifetime.
by patrick
Fri Sep 23, 2016 1:57 am
Forum: Investing - Help with Personal Investments
Topic: Is A Two-Fund Portfolio All You Really Need?
Replies: 44
Views: 5234

Re: Is A Two-Fund Portfolio All You Really Need?

Can you please explain why a 2 fund portfolio did better than a 11 fund slice and dice portfolio? Thanks Any slice and dice (or tilting) portfolio makes the assumption that one knows that some factor will do better than the market on average. With 11 funds, it's easy to screw something up by underw...
by patrick
Fri Sep 23, 2016 1:27 am
Forum: Personal Consumer Issues
Topic: HSBC Bank- Easy (???) $350 bonus
Replies: 24
Views: 2851

Re: HSBC Bank- Easy $350 bonus

I successfully opened one of these accounts, but I did it at the HSBC branch instead of online. I went in to open the account on 9/10. I wasn't able to actually log in to the online banking until 9/14 (and multiple phone calls) but after that there was no problem. Online bill payments from the accou...
by patrick
Tue Sep 20, 2016 9:51 pm
Forum: Personal Consumer Issues
Topic: Recommendations for External Hard Drive
Replies: 47
Views: 3125

Re: Recommendations for External Hard Drive

What I often do for cheaper projects is buy an external hard drive dock, and then get internal hard drives from Seagate or WD. That's the cheapest way to go. Surprisingly, it seems like external hard drives are often cheaper than internal (even before accounting for the dock). From the current PCPa...
by patrick
Tue Sep 20, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Citigold minimum increasing to $200,000
Replies: 39
Views: 6943

Re: Citigold minimum increasing to $200,000

I have really got to wonder what Citi is thinking on this one. They really can't afford to refund ATM fees for customers with $50k in assets ? I realize interest rates are low, but I wonder how many customers have $200k in deposits vs $50k, ie. how many they are really cutting off from ATM refunds ...
by patrick
Tue Sep 20, 2016 1:33 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 781
Views: 77266

Re: What's Your Credit Card Rewards Strategy?

I have been reading far too much on the Chase Sapphire Reserve since I am considering it myself: * Ultimate Rewards Points will be rewarded on the UR Portal: 1.5 points = 1 point as opposed to the Chase Sapphire Preferred, which is 1.25 points = 1 point when using points. * 3% back on Dining and Tr...
by patrick
Sun Sep 18, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Never invest in ....... ?
Replies: 53
Views: 5149

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 but ...
by patrick
Sat Sep 17, 2016 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Prime Money Market Fund vs. Federal Money Market Fund
Replies: 4
Views: 406

Re: Prime Money Market Fund vs. Federal Money Market Fund

I would recommend using neither of them. You can get higher yields from insured bank accounts.
by patrick
Sat Sep 17, 2016 1:39 pm
Forum: Personal Consumer Issues
Topic: Recommendations for External Hard Drive
Replies: 47
Views: 3125

Re: Recommendations for External Hard Drive

Here is a potentially useful site for price comparison: https://pcpartpicker.com/products/exter ... =a8&page=1

It looks like you can order a 3TB drive from amazon for $86.99 now.
by patrick
Thu Sep 15, 2016 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Experience with High Yielding Money Market Accounts
Replies: 25
Views: 2016

Re: Experience with High Yielding Money Market Accounts

I've had an account with Capital One 360, back through the days when it was ING Direct, back to 2002. I haven't opened one of these accounts yet. The regular savings is paying 0.75% 360 Money Market is 1% Also. . . https://redneck.bank/mega-money-market/ "Where bankin's funner" Should I f...
by patrick
Thu Sep 15, 2016 1:27 am
Forum: Investing - Theory, News & General
Topic: Exodus from Money Market Funds?
Replies: 24
Views: 2985

Re: Exodus from Money Market Funds?

Money market funds have been yielding less than bank accounts for quite some time ... it seems that the exodus from retail money market funds should have happened already.
by patrick
Wed Sep 14, 2016 10:11 pm
Forum: Investing - Theory, News & General
Topic: An "out of sample" test of two specific factor-based portfolios published pre-2008
Replies: 76
Views: 5051

Re: An "out of sample" test of two specific factor-based portfolios published pre-2008

What I understand is that researchers, using computers and datasets going back to 1926, are able to find all kinds of evidence for factor premiums. Yet when an ordinary investor tries to find these premiums using available mutual funds and easy-to-use tools like Portfolio Visualizer, the evidence c...
by patrick
Mon Sep 12, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Washington state bond fund
Replies: 13
Views: 618

Re: Washington state bond fund

Although it doesn't show a total percentage, it is interesting to note that there are a fair number of non-US issuers in the top 10.
by patrick
Sat Sep 10, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 2094

Re: Banks not honoring bank bonuses on time

I have only gone for a few bank bonuses so far, but I have not had any problems. Chase paid the bonus on time and Capital One actually paid it earlier than promised. On the other hand, it looks like you are not the only one with problems. You can search the public complaints on the CFPB web site for...
by patrick
Thu Sep 08, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can we disprove the 3% perpetual withdrawal rate?
Replies: 36
Views: 3279

Re: Can we disprove the 3% perpetual withdrawal rate?

We can't be sure that the future will match one of the 30-year subsets of the past. One thing we do know, however, is that bond yields today are much lower than the historical norm, That would suggest we should expect lower than normal bond returns, though of course that doesn't necessarily mean tha...
by patrick
Thu Sep 08, 2016 7:01 pm
Forum: Investing - Theory, News & General
Topic: How accurate is Shiller's S&P 500 data before 1957?
Replies: 12
Views: 828

Re: How accurate is Shiller's S&P 500 data before 1957?

I started a discussion, Reliability of stock data prior to 1939? It drives me bananas that people put up charts with captions claiming that they are showing "the S&P 500" back to 1871... not only was there no such index before 1957, but also there was no Standard & Poor's prior to...
by patrick
Tue Sep 06, 2016 12:54 am
Forum: Investing - Theory, News & General
Topic: Reflections on 25 years in a bond fund
Replies: 13
Views: 2295

Re: Reflections on 25 years in a bond fund

Over the last 25 years the Vanguard Ohio fund was only a tiny fraction behind total bond market. After accounting for taxes it is well ahead. It doesn't seem like too bad a result for me. As others have already noted, current yields are lower. Expected returns should be lower too. Perhaps more impor...
by patrick
Sat Sep 03, 2016 1:17 am
Forum: Personal Consumer Issues
Topic: Booking travel through Ultimate rewards and Amex portals?
Replies: 1
Views: 325

Re: Booking travel through Ultimate rewards and Amex portals?

Although I've only looked at it briefly, the Ultimate Rewards travel seemed to be the same as the prices on Orbitz.
by patrick
Sat Sep 03, 2016 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Is there an investment with a FIXED rate of 3.5% or higher?
Replies: 32
Views: 4297

Re: Is there an investment with a FIXED rate of 3.5% or higher?

Generally available safe investments have very low interest rates these days. As noted, EE bonds are good but limited in availability. Don't forget that EE bond returns will be abysmal if you sell in less than 20 years. Other options for high interest exist but are also limited. Rewards checking acc...
by patrick
Fri Sep 02, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 556
Views: 290282

Re: Mango prepaid card - 4.8% (effective) APY

Although Mango hasn't caused me any problems before, it seems they only paid me 2% interest for this month (August) even though the changes supposedly don't go into effect until September. Unlike many of the those who had previously reported problems, I had not been evading the monthly fee. I compl...
by patrick
Thu Sep 01, 2016 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 556
Views: 290282

Re: Mango prepaid card - 4.8% (effective) APY

achen9291 wrote:What are the new terms?


They will require $800 net ACH deposits per month starting this month to get the full interest. If you deposit and then withdraw by ACH the net is zero so you do not qualify.
by patrick
Wed Aug 31, 2016 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 556
Views: 290282

Re: Mango prepaid card - 4.8% (effective) APY

Although Mango hasn't caused me any problems before, it seems they only paid me 2% interest for this month (August) even though the changes supposedly don't go into effect until September. Unlike many of the those who had previously reported problems, I had not been evading the monthly fee.
by patrick
Wed Aug 31, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 781
Views: 77266

Re: What's Your Credit Card Rewards Strategy?

I'm still not quite sure about the CSR. I have to do more math to see if it makes sense. Let me take a quick shot at it. The net rewards rate with the CSR is 4.5% on travel and dining purchases if you redeem for travel booked through Chase (3 points for every 100 dollars, 1.5 cent per point). With ...
by patrick
Sun Aug 28, 2016 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: B&M banking - heading the way of record stores, what to do
Replies: 43
Views: 2161

Re: B&M banking - heading the way of record stores, what to do

Banks that have branches all over the place usually don't have good rates on deposits. Nobody has good rates on deposits anymore, so one should not keep cash in a savings account nor a checking account whether online or B&M. A good rate is something north of 5%. If you apply that requirement ac...
by patrick
Sun Aug 28, 2016 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: B&M banking - heading the way of record stores, what to do
Replies: 43
Views: 2161

Re: B&M banking - heading the way of record stores, what to do

Banks that have branches all over the place usually don't have good rates on deposits. Nobody has good rates on deposits anymore, so one should not keep cash in a savings account nor a checking account whether online or B&M. A good rate is something north of 5%. If you apply that requirement ac...
by patrick
Sun Aug 28, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: B&M banking - heading the way of record stores, what to do
Replies: 43
Views: 2161

Re: B&M banking - heading the way of record stores, what to do

Banks that have branches all over the place usually don't have good rates on deposits. If the only reason for having a local bank is to access the ATM, note that some accounts provide ATM fee rebates so you may not need a local bank at all. If you want a local bank for some other reason you can just...
by patrick
Sun Aug 28, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: Fidelity competing harder w/Vanguard
Replies: 92
Views: 8892

Re: Fidelity competing harder w/Vanguard

This allows those that slice and dice more options, but a competitive Fidelity three fund allocation has been available for 20 years. I don't think Fidelity didn't have a total international index fund until a few years ago; their international fund only had developed markets. With the common recom...
by patrick
Sat Aug 27, 2016 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count your emergency fund?
Replies: 45
Views: 3173

Re: Do you count your emergency fund?

A dollar here in an emergency fund is worth the same as a dollar outside. The only difference is your current intent regarding the accounts. After all, if an emergency were so big that the emergency fund didn't cover it, you'd realize that other funds could also be used for emergencies. And if the e...
by patrick
Sat Aug 27, 2016 1:21 pm
Forum: Personal Consumer Issues
Topic: *Tech Questions* How do you keep track of your life?
Replies: 33
Views: 3292

Re: *Tech Questions* How do you keep track of your life?

No need for perfect, a few printed photos with penciled names and dates on the back kept in a shoe box in the closet is better than nothing in digital format. Yet keeping up with digital photos is easy. On the same computer I'm using to make the post I have copies of thousands of digital photos, in...
by patrick
Sat Aug 27, 2016 1:19 pm
Forum: Personal Consumer Issues
Topic: *Tech Questions* How do you keep track of your life?
Replies: 33
Views: 3292

Re: *Tech Questions* How do you keep track of your life?

Personal and professional experience as well as watching many generations of digital devices go obsolete so fast they become inaccessible in a few years. Where did you get these experiences? Digital cameras became mainstream consumer items about 20 years ago. You can view 20 year old digital photos...
by patrick
Wed Aug 24, 2016 5:58 pm
Forum: Personal Consumer Issues
Topic: *Tech Questions* How do you keep track of your life?
Replies: 33
Views: 3292

Re: *Tech Questions* How do you keep track of your life?

All photos and movies are backed up to the cloud using Carbonite, a subscription based software. There are dozens of similar cloud backup programs to choose from and different prices. It does it in the background automatically so you don't have to worry about whether something is backed up or not. ...
by patrick
Sun Aug 21, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Credit Card
Replies: 5
Views: 666

Re: Travel Credit Card

$450 annual fee!
by patrick
Sun Aug 21, 2016 3:01 pm
Forum: Investing - Theory, News & General
Topic: Zweig: Three New ETF ideas that actually make sense
Replies: 14
Views: 2247

Re: Zweig: Three New ETF ideas that actually make sense

In this week's WSJ Intelligent Investor, Jason Zweig has posted This is radical: three new ETF ideas that actually make sense More than 1,900 exchange-traded funds offer almost every investing strategy you could think of — and many that might occur to you only if you were drunk. Maybe the manic inn...
by patrick
Sun Aug 21, 2016 2:53 pm
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 115
Views: 7314

Re: Are there other reasons besides volatility to avoid 100% equities?

Hi Patrick, Here are my back of the envelope estimates of Japanese stock and bond returns 1989-2015 combining Yearbook data and last year's update. This was a quick and dirty estimate, but I think it's reasonably close to the actual results. annual real return 1989-2015 Japanese stocks -1.5% Japane...
by patrick
Sun Aug 21, 2016 2:04 pm
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 115
Views: 7314

Re: Are there other reasons besides volatility to avoid 100% equities?

You can believe as Seigel does that stocks are relatively safe high return assets in the LR. Or you can believe, as most financial economists believe, that stocks are risky investments regardless of the holding period. Obvious example - Japanese stocks from 1989 to the present, where the real retur...
by patrick
Sun Aug 21, 2016 1:37 pm
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 115
Views: 7314

Re: Are there other reasons besides volatility to avoid 100% equities?

You can believe as Seigel does that stocks are relatively safe high return assets in the LR. Or you can believe, as most financial economists believe, that stocks are risky investments regardless of the holding period. Obvious example - Japanese stocks from 1989 to the present, where the real retur...
by patrick
Sun Aug 21, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 115
Views: 7314

Re: Are there other reasons besides volatility to avoid 100% equities?

Siegel is making the point consistent with most financial economists' view of risk and retirement investing. Namely, that you want to set a retirement income goal and attempt to actually meet that goal. To do that with any degree of accuracy requires duration matching of LT bonds matched against yo...
by patrick
Sun Aug 21, 2016 8:46 am
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 115
Views: 7314

Re: Are there other reasons besides volatility to avoid 100% equities?

The one way this is not true, is in some sense anyone with a mortgage is "leveraged" in the sense that borrowing for a house frees up a lot of cash that would otherwise be locked up either in a savings account or something while they save to pay cash, or if they have the money using a mor...
by patrick
Sat Aug 20, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 11
Views: 1588

Re: How common is ACH fraud on checking accounts?

It's never happened to me (fingers crossed!)
by patrick
Sat Aug 20, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1389

Re: Credit Card Fraud: How many times is 'normal'?

I have only had 1 fraud incident since getting my first credit card 11 years ago. This was against a chip card (which they didn't physically steal). I use credit cards online quite often as well as in person. I do not know how they stole this number.
by patrick
Fri Aug 19, 2016 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: What does a Boglehead do if we experience inflation
Replies: 30
Views: 2983

Re: What does a Boglehead do if we experience inflation

Right now, the 10-year nominal is at 1.58% while 10-year TIPS yield 0.1% real. This implies an inflation expectation of about 1.48%. Now suppose the inflation expectation increases to 5%. Would the current yields still make sense? No ... either the nominal has to increased yield, or the TIPS have t...
by patrick
Fri Aug 19, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: What does a Boglehead do if we experience inflation
Replies: 30
Views: 2983

Re: What does a Boglehead do if we experience inflation

If anything, the yield on TIPS would probably decrease (and thus the prices of TIPS would probably increase) if inflation expectations increased. As a rough approximation it would make sense that the difference between TIPS real yields and nominal yields should equal expected inflation. So if infla...
by patrick
Fri Aug 19, 2016 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: What does a Boglehead do if we experience inflation
Replies: 30
Views: 2983

Re: What does a Boglehead do if we experience inflation

From a return perspective, I can't bring myself to choose TIPS over CDs at the moment. When inflation does come, what will happen to yield on TIPS? It seems like yield is low when inflation is low and that yields will be higher when inflation is feared (plus you have the unexpected inflation protec...
by patrick
Fri Aug 19, 2016 5:52 pm
Forum: Investing - Theory, News & General
Topic: Are there other reasons besides volatility to avoid 100% equities?
Replies: 115
Views: 7314

Re: Are there other reasons besides volatility to avoid 100% equities?

It is particularly troublesome when you spell out a time period of 5-15 years. How did you get that idea? Did you read something saying "you should not invest in stocks if you will need the money in five years or less" and conclude that you could turn it around, and that it would be safe ...
by patrick
Thu Aug 18, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is my backtesting flawed?
Replies: 8
Views: 798

Re: Is my backtesting flawed?

South African stocks did even better than the S&P 500. Does that mean we should all forget about investing in the US and use a South Africa ETF instead?
by patrick
Tue Aug 16, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: FTIPX - New Fidelity offering [Total International Index Fund]
Replies: 21
Views: 2443

Re: FTIPX - New Fidelity offering [Total International Index Fund]

I was just going by what Fidelity says, that they are tracking the MSCI AWCI Ex US. Either way, looks like zero with one, and only 4% with the other. Which I suppose is better than nothing. There isn't really any one consistent definition of small cap -- many of the companies that are only included...
by patrick
Tue Aug 16, 2016 1:51 am
Forum: Investing - Help with Personal Investments
Topic: Help with University of Texas System 403b/Roth 403b
Replies: 15
Views: 887

Re: Help with University of Texas System 403b/Roth 403b

It looks like the web site can show you everything in one list, under Fund Performance > View All Funds. In addition to just looking at the individual funds, it would also be worth checking if there are any fees on top of the fund fees themselves.

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