Search found 1177 matches

by patrick
Sat May 28, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Separate data partition on dual-boot system?
Replies: 45
Views: 2105

Re: Separate data partition on dual-boot system?

Oops. I forgot a data partition. That was the subject of this whole thread and I plum forgot about adding one. :) I figured I better keep the Root parttion unchanged so I shrunk the Home partition a bit and added a small data partition. Current thinking seems to be using NTFS, so I did that. Here's...
by patrick
Wed May 25, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 184
Views: 22077

Re: guaranteed 5% vs stocks?

Like the others here, I feel there's something "off" about this. I have systematically set up a spreadsheet and track the cards and whether I have set them up on autopilot or not through my Ally account. I only had 1 issue with my wife's Insight card, where Ally denied connecting the ACH....
by patrick
Mon May 23, 2016 5:18 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4724

Re: Bernstein says emergency fund part of your "asset allocation?"

Recommendations for emergency funds are sometimes quite large these days, up to 9 to 12 months of income (not expenses) which would likely be a significant portion of the total assets for many people. http://www.bankrate.com/finance/savings ... nd-be.aspx
by patrick
Fri May 20, 2016 5:55 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 184
Views: 22077

Re: guaranteed 5% vs stocks?

I think that savers and boglehead types make up a very small minority of cardholders. Most users rack up huge fees and typically do not have access to traditional banking. I was convinced of this searching the web and looking at complaints for the site. I think the 5% savings is the standard for th...
by patrick
Tue May 17, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 184
Views: 22077

Re: guaranteed 5% vs stocks?

I opened an Ally account for purposes above. if these prepaid cards give you the jitters there's always rewards checking accounts that pay 3%. Of course these prepaid cards promising 5% interest in a world where few banks offer better than 1% and their promised interest in an "FDIC-insured acc...
by patrick
Mon May 16, 2016 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Best beginner options
Replies: 24
Views: 1704

Re: Best beginner options

That clarifies a lot of issues. In my opinion the investing priorities should probably be in this order -- 1) contribute enough to the 401k to get the full employer match, 2) pay off all high interest debt, 3) build an emergency fund, and 4) contribute to an IRA at a low expense provider like Vangu...
by patrick
Mon May 16, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Which Funds? For 457B Plan
Replies: 16
Views: 866

Re: Which Funds? For 457B Plan

If I were in this plan I would use only the inflation protected bond funds -- I see no benefit in paying more for the "regular" bonds. As for the international stock fund, if you have any savings outside the plan, you could save on fees by purchasing the international stocks outside and no...
by patrick
Mon May 16, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: Is it OK to leave home wifi on?
Replies: 55
Views: 3615

Re: Is it OK to leave home wifi on?

I recently checked my router, which was supplied by Verizon. Surprisingly, it uses about 12 watts when on but idle. This is quite a power hog compared to my laptop (from 2012) that only uses 7 watts when on but idle.
by patrick
Mon May 16, 2016 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Anyof these DFA/V* funds in my 403b worth the 1.09+ ER?
Replies: 2
Views: 206

Re: Any of these DFA/V funds worth the 1.09+ ER?

Are there any options (perhaps a stable value fund?) that don't have the extra fee attached? Even if not, it could still be worth using the plan. Remember that you generally can (and should) roll over to an IRA as soon as you leave the job -- you don't have to pay these fees for your entire investme...
by patrick
Sun May 15, 2016 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Middle-aged government employees requesting portfolio review (pensions; debts; asset allocation)
Replies: 4
Views: 684

Re: Middle-aged government employees requesting portfolio review (pensions; debts; asset allocation)

This is not a complete overall answer, but here a few things to consider: Pensions : The risk to the pension is hard to estimate, but may not be that high. It is one thing to lower the benefits offered to new employees, but it is more extreme to lower the benefits of current employees, and much more...
by patrick
Sat May 14, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: treasurydirect.gov is not a secure website?
Replies: 15
Views: 1760

Re: treasurydirect.gov is not a secure website?

If you are only going to use the online savings bond calculator, it does not matter much if it is secure. If evil hackers really are impersonating the Treasury, all they can do is find out which savings bonds you are looking up or send you back wrong values for those bonds.
by patrick
Fri May 13, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 478
Views: 272948

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

It says, "Direct Deposit by definition means a deposit from a third party such as employer or government benefits payment." It would be difficult for Mango to know who the account holder is for outside accounts. According to the this article on doctorofcredit, ACH transfers now include su...
by patrick
Thu May 12, 2016 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 478
Views: 272948

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

On https://mangosupport.zendesk.com/hc/en-us/articles/210542578-Savings-Account-Requirements Mango says that they require an actual government or payroll deposit in order to get the 6% interest, and transfers from your own checking account don't count. Various forum comments indicate that this restr...
by patrick
Sun May 08, 2016 9:49 pm
Forum: Investing - Theory, News & General
Topic: Can someone dissect and explain BIICX? [BlackRock Multi Asset Income fund]
Replies: 7
Views: 642

Re: Can someone dissect and explain BIICX? [BlackRock Multi Asset Income fund]

I didn't do much research on the fund and don't have a Morningstar description but the first line of the preview of the analyst report to non-paying customers says BlackRock Multi-Asset Income morphed into its current income-oriented approach in November 2011 and has quickly garnered investors' att...
by patrick
Thu May 05, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3484

Re: Sue your employer over 401k

munemaker wrote:I am thinking that suing your employer may not be a good career move.


Most of these are class action lawsuits, so will apply to everyone in the plan, not just the one who starts it. Plus you can always wait until after you leave the job to sue.
by patrick
Thu May 05, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check credit card statements?
Replies: 79
Views: 4275

Re: Do you check credit card statements?

I do review credit card transactions (online rather than against paper statements) and keep track of all my spending, but don't usually compare them with paper receipts. I have never found any mistakes this way, but have detected fraud.
by patrick
Tue May 03, 2016 8:32 pm
Forum: Investing - Theory, News & General
Topic: Meaning of the label Market Timing?
Replies: 34
Views: 2351

Re: Meaning of the label Market Timing?

To me, the proper definition of "market timing" is "the actual practices of people who call themselves 'market timers.'" When I've looked at what these people do, this is what I think I've seen, though I could be generalizing incorrectly. I don't know how to do it objectively. 1...
by patrick
Tue May 03, 2016 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3484

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. But if the larger businesses tend to have lowe...
by patrick
Tue May 03, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why do these products exist?
Replies: 10
Views: 2103

Re: Why do these products exist?

As horrifying as the thought is, it actually is possible for savings account rates to go even lower. Most banks already have done so.
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: 22
Views: 2058

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: 26
Views: 3484

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: 60
Views: 4452

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: 184
Views: 22077

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: 54
Views: 2909

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: 5724

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: 54
Views: 2909

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: 3279

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: 54
Views: 2909

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: 54
Views: 2909

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: 66
Views: 6841

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: 21
Views: 2492

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: 2127

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: 21
Views: 2492

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: 2672

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: 253

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: 1466

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: 633

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: 1999

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: 1575

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: 4490

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: 184
Views: 22077

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: 184
Views: 22077

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: 5675

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: 13861

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: 5675

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: 188

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: 5675

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: 778

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: 412

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: 2247

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...

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