Search found 1158 matches

by patrick
Mon May 02, 2016 6:17 pm
Forum: Investing - Theory, News & General
Topic: Minimizing equities until a bear market if you already have enough
Replies: 21
Views: 1420

Re: Minimizing equities until a bear market if you already have enough

If you have substantially more than you need, then it may not matter too much what you do. It is hard to identify a bear market, except in retrospect. Back in February, lots of people said that we had started a new bear market. But had we? Most of the losses have since been recovered, but not all, s...
by patrick
Mon May 02, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 11
Views: 1737

Re: Sue your employer over 401k

These lawsuits tend to target larger businesses. They may not be of too much help for the employees of smaller business (which may not have deep enough pockets to be worth suing) even though 401K plans of smaller businesses often have the highest fees.
by patrick
Sat Apr 30, 2016 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Fee's [too high?]
Replies: 41
Views: 2169

Re: Investment Fee's [too high?]

It's not just a matter of sticking with this advisor versus doing it yourself. You actually have 3 options: 1) Continue paying these outrageously excessive fees 2) Do it yourself 3) Use an different advisor who does not charge outrageously excessive fees It's not completely obvious which of these wo...
by patrick
Fri Apr 29, 2016 5:17 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 110
Views: 12676

Re: guaranteed 5% vs stocks?

good place for a child's savings account, perhaps. If you max the cards out you can do 3 netspends, 2 brinks, 1 mango, 1 insight visa per SS for a total of 70k for husband and wife at about 5%. Wonder how many people would take 5% guaranteed returns over what the stock market will return over the n...
by patrick
Thu Apr 28, 2016 9:41 pm
Forum: Personal Consumer Issues
Topic: Linux/Windows Boot Problem
Replies: 47
Views: 2230

Re: Linux/Windows Boot Problem

It's actually relatively simple in principle and (if it works) it will let you install openSUSE Linux without needing any floppy disk, CD, DVD, or USB device to be invovled. What you would do is this: Where does it install? It sounds like it installs on the hard drive. That's what I'm trying to avo...
by patrick
Thu Apr 28, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why have a formal budget?
Replies: 82
Views: 4864

Re: Why have a formal budget?

In some cases following a budget can cause more trouble than it prevents. If you follow your budget categories strictly, but don't assume that everything is fine as long as you meet those categories, it can lead to poor decisions. Suppose for instance that you budget $500 per month for category A an...
by patrick
Thu Apr 28, 2016 6:54 pm
Forum: Personal Consumer Issues
Topic: Linux/Windows Boot Problem
Replies: 47
Views: 2230

Re: Linux/Windows Boot Problem

1. I need a better understandng of what SBD:Instlux is all about. https://en.opensuse.org/SDB:Instlux It's actually relatively simple in principle and (if it works) it will let you install openSUSE Linux without needing any floppy disk, CD, DVD, or USB device to be invovled. What you would do is th...
by patrick
Wed Apr 27, 2016 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: if you HAD to pick 2 actively managed funds???
Replies: 45
Views: 2827

Re: if you HAD to pick 2 actively managed funds???

Vanguard Inflation-Protected Securities Fund Admiral at 0.10% ER :)

still haven't decided on the other one ...
by patrick
Tue Apr 26, 2016 10:04 pm
Forum: Personal Consumer Issues
Topic: Linux/Windows Boot Problem
Replies: 47
Views: 2230

Re: Linux/Windows Boot Problem

It seems like USB Memory would be the one to select. Legacy USB support shouldn't matter either way, but just for the heck of it you could try changing that setting. If you are willing to take drastic measures, note that some Linux distributions have installers that run inside Windows available, for...
by patrick
Tue Apr 26, 2016 5:24 pm
Forum: Personal Consumer Issues
Topic: Linux/Windows Boot Problem
Replies: 47
Views: 2230

Re: Linux/Windows Boot Problem

Using a DVD is probably the simplest solution in this case. Old PCs may not like booting from a USB stick but shouldn't mind a DVD too much -- unless they are very old! If you want to stick with USB, I'd suggest trying to boot the same USB stick in a different PC. This would allow you to check if th...
by patrick
Sun Apr 24, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Thinking about Mac (vs Windows)
Replies: 45
Views: 2321

Re: Thinking about Mac (vs Windows)

Thanksgiving and Christmas is the time to buy deeply discounted computers and I'll snag either a Mac or a Windows 7 machine then -- though even Win7 business machines may no longer be on the market by then. How much longer will Microsoft continue to support Win7 ? I may not be correct, but I though...
by patrick
Sat Apr 23, 2016 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need TIPS inflation protection?
Replies: 19
Views: 1864

Re: Do I need TIPS inflation protection?

If inflation occurs, there will be plenty of TIPS for sale still. However, the TIPS will have already had their prices adjusted for the inflation that had already occurred, and therefore will not protect you from the inflation that had already occurred. If the market expects more inflation in the f...
by patrick
Sat Apr 23, 2016 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will Chip + Sign CC work in Europe?
Replies: 27
Views: 1999

Re: Will Chip + Sign CC work in Europe?

From my own experience last year, the chip and signature card worked at every attended location I tried, though I didn't attempt it in any extremely remote areas. For buying train tickets from automated machines, it worked in Finland and France but not in Belgium.
by patrick
Sat Apr 23, 2016 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need TIPS inflation protection?
Replies: 19
Views: 1864

Re: Do I need TIPS inflation protection?

You don't need TIPS ... except when you do. As long as inflation is tame, you don't need them. Just like you don't need fire insurance as long as your house doesn't burn down. But if it does ... then you will have needed the insurance.
by patrick
Thu Apr 21, 2016 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with Options Trading?
Replies: 36
Views: 2496

Re: Should I bother with Options Trading?

I keep hearing & reading about how it is possible with Options Trading to make money in 'up, down or sideways...' markets but though I have read Options 101 articles numerous times, I have still not been able to decide if I should bother? It's also possible for options trading to lose money in ...
by patrick
Thu Apr 21, 2016 6:35 pm
Forum: Personal Consumer Issues
Topic: Centurylink GPON - new fiberoptic network, anyone have it? (residential)
Replies: 1
Views: 237

Re: Centurylink GPON - new fiberoptic network, anyone have it? (residential)

If you want the whole gigabit in actual transfer rates, using a wired Ethernet connection from the router to your computer will probably be necessary. Even though some of the latest wireless technology is called "gigabit wifi" real world transfer rates tend to be well below a gigabit, even...
by patrick
Wed Apr 20, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a bad idea? [Stop contributing to 401k]
Replies: 15
Views: 1382

Re: Is this a bad idea? [Stop contributing to 401k]

If you look through old posts on this forum you will see plenty of people who have far more costly plans than yours -- some have all the options charging more than 1%! For these people, a 0.35% expense, or even a 0.60% expense, would be great by comparison. If the target date fund is cheaper than th...
by patrick
Wed Apr 20, 2016 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Flexible Premium Adjustable Life Insurance [premium skyrocketed]
Replies: 6
Views: 541

Re: Flexible Premium Adjustable Life Insurance [premium skyrocketed]

This sounds like a "universal life" policy. There probably was a warning somewhere in the fine print that this sort of thing could happen. Here is a simplified version of how such a policy tends to work: - You pay in premiums periodically, the amounts of which are "flexible" as y...
by patrick
Mon Apr 18, 2016 1:49 am
Forum: Personal Finance (Not Investing)
Topic: What is not to like about iShares Core Total USD Bond Market?
Replies: 19
Views: 1803

Re: What is not to like about iShares Core Total USD Bond Market?

According to the factsheet The U.S. Universal Index represents the union of the U.S. Aggregate Index, U.S. Corporate High Yield Index, Investment Grade 144A Index, Eurodollar Index, U.S. Emerging Markets Index, and the non-ERISA eligible portion of the CMBS Index The index covers USD-denominated, t...
by patrick
Fri Apr 15, 2016 7:39 pm
Forum: Investing - Theory, News & General
Topic: Whole Life vs. Bonds - what am I missing? help please
Replies: 11
Views: 1455

Re: Whole Life vs. Bonds - what am I missing? help please

Can you convince a used car salesman that you shouldn't buy a used car? Not likely. An insurance salesman is no different. It makes little difference if the salesman is a good friend. If you are wondering where the catch is for your own understanding, rather than to convince your friendly commission...
by patrick
Wed Apr 13, 2016 11:38 pm
Forum: Investing - Theory, News & General
Topic: Investing legends change their bond portfolio
Replies: 29
Views: 4062

Re: Investing legends change their bond portfolio

"EM bonds and dividend stocks give you better risk adjusted returns." Ah, verb-tense disease. Does this mean "have given you" or "will give you?" And let's do a reality check. A measure of risk-adjusted return is the Sharpe ratio. Over the past 15 years, according to M...
by patrick
Sun Apr 10, 2016 6:01 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 110
Views: 12676

Re: guaranteed 5% vs stocks?

There's still a way to avoid the fee. Do more research. And ACH push counts as a DD for Mango. But hey, if you guys don't want to have $40-80k earning ~5% then by all means don't. My point was not that the direct deposit rule was impossible to meet. Rather, I was pointing out that it was a rule cha...
by patrick
Sun Apr 10, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 110
Views: 12676

Re: guaranteed 5% vs stocks?

Sure, there's a difference. But the end result is the same. These prepaid cards and their associated savings accounts have been around for years, and they stay around because the majority of the users are profitable for the companies. These Netspend 5% and Mango 5+% accounts have been around since ...
by patrick
Thu Apr 07, 2016 6:24 pm
Forum: Investing - Theory, News & General
Topic: [DOL Rule on Fiduciary Standard is Released]
Replies: 105
Views: 5337

Re: [DOL Rule on Fiduciary Standard is Released]

The really interesting thing with the new DOL rule is that it applies not just to the usual mutual funds and variable annuities, but also to equity indexed annuities which had been exempted by law from SEC rules. Perhaps the "Best Interest Contract Exemption" will stretch wide enough to sa...
by patrick
Thu Apr 07, 2016 5:39 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads too conservative?
Replies: 135
Views: 13065

Re: Are Bogleheads too conservative?

Are we being too conservative with a classic portfolio? Is Total Bond Market much too safe with little growth to offer? Your thread title was, "Are Bogleheads too conservative?" My opinion is, on average, bogleheads are too aggressive. There are frequent threads on the forum about stocks ...
by patrick
Wed Apr 06, 2016 6:40 pm
Forum: Investing - Theory, News & General
Topic: [DOL Rule on Fiduciary Standard is Released]
Replies: 105
Views: 5337

Re: Thoughts on ObamaRule?

Perhaps if you looked at the rate of violations per account, or violations per dollar of AUM, the larger firms would look better than the smaller ones. Hahahaha, where there is smoke there is fire. There should be "zero" violations. How many violations does Vanguard have? I have not actua...
by patrick
Wed Apr 06, 2016 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to sell an old annuity?
Replies: 2
Views: 173

Re: Any reason not to sell an old annuity?

If there are significant gains (which seems to be the case here) it might be better to move to a low cost annuity instead of cashing out completelt in order to defer taxes. This also could avoid the penalty for withdrawing before retirement age. It probably is not worth staying, but check if you are...
by patrick
Wed Apr 06, 2016 5:59 pm
Forum: Investing - Theory, News & General
Topic: [DOL Rule on Fiduciary Standard is Released]
Replies: 105
Views: 5337

Re: Thoughts on ObamaRule?

EDIT: Also, from the NYT: ‘Customers First’ Becomes the Law in Retirement Investing The so-called conflict of interest rule covers only tax-advantaged retirement accounts and does not apply to most other investments. But it could lead to more sweeping changes across the financial services industry,...
by patrick
Tue Apr 05, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: Do you avoid ETFs with low AUM?
Replies: 11
Views: 742

Re: Do you avoid ETFs with low AUM?

Of course, unless it is VSS, DGS, or EWX. I don't want to own 5% or more of the outstanding shares of any investment. I don't want to own more than 2% to 5% of the average daily volume of any investment, but I make exceptions for these ticker symbols. Even the smallest of these, EWX, has around $30...
by patrick
Tue Apr 05, 2016 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) Changing, Options Limited
Replies: 4
Views: 387

Re: 401(k) Changing, Options Limited

There should no need to use the brokerage window to invest in total stock or total bond. The US Debt Index invests in the same bonds as total bond fund. Likewise a combination of Equity Index and Russell 2500 Index is essentially total stock market. These are very low cost in the standard plan optio...
by patrick
Tue Apr 05, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Please explain Fixed Indexed Annuities
Replies: 35
Views: 2165

Re: Please explain Fixed Indexed Annuities

Per Moshe Milevsky of York University in Toronto says you need to have at least 90% of your investment in stock owning mutual to have even a chance of surpassing the equity index annuities minimum income guarantee. Most insurance companies limit your investment in stocks to less than 70% with the r...
by patrick
Mon Apr 04, 2016 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: 401k 457b Fees
Replies: 6
Views: 555

Re: 401k 457b Fees

I think it's fairly rare to have a fixed fee rather than a percentage for workplace plans, though perhaps the fixed fee is more common for government plans. Whether this is a problem for you depends somewhat on the size of your investments in the plan -- this sort of thing is good if you have a larg...
by patrick
Wed Mar 30, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: "One Vanguard, Many DFAs"
Replies: 16
Views: 2673

Re: "One Vanguard, Many DFAs"

Whenever I've checked, their fund descriptions have used the vaguest of vague language: The investment objective of the U.S. Micro Cap Portfolio is to achieve long-term capital appreciation. Not only do they not use the word "index," they don't even use the word "passive" (excep...
by patrick
Tue Mar 29, 2016 5:14 pm
Forum: Personal Consumer Issues
Topic: Updates on the status of Linux
Replies: 70
Views: 4341

Re: Updates on the status of Linux

If you like Windows 8 except for the upgrade requests, there is a simple solution -- just use GWX Control Panel to turn them off. This should be a good solution until Windows 8 expires in 2023. Current Linux distributions generally can run on PCs from 2014. It is still possible that whatever specifi...
by patrick
Sun Mar 27, 2016 7:35 pm
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 7168

Re: TIPS Anyone?

TIPS yields are very low now ... but then again, yields in general are very low now unless you are buying Venezuelan bonds. We could assume that it's about time for interest rates to increase. TIPS funds often have longer maturity bonds than nominal bond funds which may make them seem riskier if int...
by patrick
Sun Mar 27, 2016 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 2653

Re: The Urge to Splurge with Plastic NYT article

The studies mentioned in this article (along with most other research I've seen regarding spending behavior) focus on relatively small purchases. Spending less on food and trinkets due to using cash may provide some benefits, but those are relatively cheap things anyway. Housing, cars, college educa...
by patrick
Sun Mar 27, 2016 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 2653

Re: The Urge to Splurge with Plastic NYT article

The OP article describes experiments with college students; they are millennials. It's true that the millennials are more distant from cash than earlier generations. But it does not mean that they are more careful with their Apple Pay or Bitcoins. It means that new technologies and new conveniences...
by patrick
Sun Mar 27, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 2653

Re: The Urge to Splurge with Plastic NYT article

I suppose I'm far from the typical consumer but these social studies don't make sense to me. If I'm willing to pay $50 for a Red Sox game, it doesn't matter to me the method in which I pay it. I equate the cost the same no matter what. I'm shocked that apparently educated people can't figure this o...
by patrick
Sat Mar 26, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: Cable 50Mb/sec vs. 100Mb/sec ?
Replies: 18
Views: 1480

Re: Cable 50Mb/sec vs. 100Mb/sec ?

Even if you were streaming television shows, 50 megabits is more than enough to stream in HD. I suspect you wouldn't even notice the difference ... but then again perhaps you are doing something else, like uploading huge videos to YouTube, where the speedup could improve things (though in the upload...
by patrick
Thu Mar 24, 2016 7:37 pm
Forum: Personal Consumer Issues
Topic: $184,000? How do you like your cell phone now?
Replies: 59
Views: 6051

Re: $184,000? How do you like your cell phone now?

Smartphones and related expenses add up to a small fraction of spending for me, and I suspect the same is true for many others. Cutting expenses elsewhere (or increasing income) could do a lot more to increase savings. In my case, from the beginning of 2014 to the present, my health care costs are a...
by patrick
Tue Mar 22, 2016 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with weird 401k options
Replies: 15
Views: 1051

Re: Help with weird 401k options

There are some plans that actually do rebate fees back to investors. However, I would recommend checking very explicitly that it is the case. I'd want to see an official documents saying that the fees are rebated back to your account, and the schedule on which it happens. It also might be good to lo...
by patrick
Fri Mar 18, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Citibank Double Cash - in cases of fraud
Replies: 16
Views: 2113

Re: Citibank Double Cash - in cases of fraud

I've had Citi Double Cash about a year now. No fraud on it yet, but I did run into the reverse problem -- I had legitimate charges declined because they were deemed suspicious. In this case their customer service credited $10 to my account for my trouble after I explained it was a genuine charge.
by patrick
Fri Mar 11, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Is a 25% price decline for US stocks possible?
Replies: 25
Views: 3909

Re: Is a 25% price decline for US stocks possible?

A 25% loss (or worse) is possible, but it is possible regardless or what the report says. A 25% gain is also possible. If stock market forecasts are a dime a dozen, you are overpaying.
by patrick
Fri Mar 11, 2016 8:32 pm
Forum: Investing - Theory, News & General
Topic: Your stock funds closed at highest [so far] of 2016 today
Replies: 35
Views: 4339

Re: Your stock funds closed at highest [so far] of 2016 today

Not if you slice and dice by region ... Vanguard Pacific Index (VPACX) is still about 1.2% below its peak in early January.
by patrick
Fri Mar 11, 2016 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Sponsored Retirement Plans (SRPs)
Replies: 3
Views: 221

Re: Sponsored Retirement Plans (SRPs)

Let's see ... they say that it is "censored" ... they tell you that it's great ... but they don't tell you up front what is it is. Sounds very trustworthy ... NOT! I presume this is just non-standard terminology for something more ordinary, but ask yourself why they don't just tell you wha...
by patrick
Thu Mar 10, 2016 8:02 pm
Forum: Personal Consumer Issues
Topic: Computer docking station suggestions
Replies: 7
Views: 756

Re: Computer docking station suggestions

Assuming you will be using a PC: A TV over 27" can be used. I use a 46" TV as my usual computer monitor and it doesn't have any problems. Computers can be set to use a variety of resolutions -- normally you'd want to set it to match the native resolution of the display. For full HD, this i...
by patrick
Wed Mar 09, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 41
Views: 3757

Re: How to get a real Chip and Pin card?

In Europe last year, I had no problems using my chip and signature cards with automated train ticket machines in Finland and France. Belgium didn't like it however. And speaking of booking long distance trains online -- I was able to buy a ticket from France to Belgium online, but had to buy in pers...
by patrick
Tue Mar 08, 2016 9:30 pm
Forum: Personal Consumer Issues
Topic: Which operating system should I use?
Replies: 24
Views: 1631

Re: Which operating system should I use?

Thanks for all the replies. I did a lousy job of presenting my level of expertise, but that's okay. Basically, while I'm not a techie, I'm sort of a power Windows user. I know the ins and outs of Windows and would love to get a Windows 7 laptop, but the few that are out there are beyond my (desired...
by patrick
Tue Mar 08, 2016 1:16 pm
Forum: Personal Consumer Issues
Topic: Which operating system should I use?
Replies: 24
Views: 1631

Re: Which operating system should I use?

Android will generally allow you to install apps that aren't from the Google store, though some device manufacturers may restrict this. It's probably turned off by default, but it's a simple selection under the security settings to enable it. Note that Google's store is not quite as restrictive as t...
by patrick
Sun Mar 06, 2016 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much should a 40 year old have saved for retirement?
Replies: 41
Views: 7133

Re: How much should a 40 year old have saved for retirement?

Leemiller wrote:Too many variables. More in NYC, DC, parts of California, less in the Midwest. Is there a pension or not.


If you live in one of the expensive places, you can move somewhere else to retire.

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