Search found 1261 matches

by patrick
Sun Aug 21, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Credit Card
Replies: 5
Views: 600

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: 10
Views: 1376

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: 110
Views: 5943

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: 110
Views: 5943

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: 110
Views: 5943

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: 110
Views: 5943

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: 110
Views: 5943

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: 1488

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: 1256

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: 2863

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: 2863

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: 2863

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: 110
Views: 5943

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: 740

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: 2222

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: 838

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.
by patrick
Tue Aug 16, 2016 1:44 am
Forum: Investing - Help with Personal Investments
Topic: VBTLX vrs. Nationwide Fixed @ 3.5%
Replies: 5
Views: 818

Re: VBTLX vrs. Nationwide Fixed @ 3.5%

One other thing to note: These sorts of funds sometimes have transfer restrictions on them. The details will depend on your specific plan -- I'd recommend checking them.
by patrick
Mon Aug 15, 2016 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help me identify/rate this small cap value fund
Replies: 7
Views: 584

Re: Help me identify/rate this small cap value fund

It looks like it follows the same index as IWM but the fund in your plan has lower expenses.
by patrick
Mon Aug 15, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: VBTLX vrs. Nationwide Fixed @ 3.5%
Replies: 5
Views: 818

Re: VBTLX vrs. Nationwide Fixed @ 3.5%

It might help to look at documents from your specific plan instead of the generic one linked above. From the generic description, it seems that it is only fixed for a one-year period. "This rate may exceed the guaranteed minimum rate declared each year" implies that next year the annual gu...
by patrick
Mon Aug 15, 2016 5:30 pm
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 59
Views: 4529

Re: New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt

There are a great many plans out there with no low-cost options. Sometimes every single option has an expense ratio more than 1%. Looking at the various threads from new posters here you can see that there are plenty of such plans. These lawsuits are about plans that are much better in comparison. I...
by patrick
Fri Aug 12, 2016 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Netspend, Insight, Mango....I finally give up
Replies: 5
Views: 815

Re: Netspend, Insight, Mango....I finally give up

I have had some problems but not as much as mentioned in the original post. I don't have quite as many cards though -- only 1 Mango, 1 Insight, and 4 Netspend (1 Ace Elite, 1 plain, 1 Brinks, 1 Western Union). For the cards themselves, the only problems were the changes in terms. I never had them fa...
by patrick
Wed Aug 10, 2016 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have the BankAmericard Travel Rewards Credit Card?
Replies: 14
Views: 987

Re: Anyone have the BankAmericard Travel Rewards Credit Card?

100K seems like a rather steep qualification -- can anyone confirm whether they allow Vanguard Admiral and/or Fidelity Premium funds?
by patrick
Mon Aug 08, 2016 8:57 pm
Forum: Investing - Theory, News & General
Topic: Avoid International?
Replies: 99
Views: 7802

Re: Avoid International?

If you believe that the future will be something like the past, then the best thing to do is to use the longest time period available. Then you're not cherry picking any particular time periods - just using all of the data. From what I recall, the US has outperformed International in the "long...
by patrick
Sun Aug 07, 2016 7:25 pm
Forum: Investing - Theory, News & General
Topic: Avoid International?
Replies: 99
Views: 7802

Re: Avoid International?

Never confuse strategy with outcome. If a stock market investment strategy isn't based on past outcomes, then what is it based on? Conviction? Blind belief? If the strategy includes buying and holding some stock index for a really long time (such as 20 years), then you need to look at how this inve...
by patrick
Sun Aug 07, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: Why 30% Money Market in an "Income" Fund
Replies: 16
Views: 1274

Re: Why 30% Money Market in an "Income" Fund

I believe because the objective of that fund is to provide stability with just a little growth. What's more stable than a money market? Ask the Reserve Primary fund's investors. In response several years later, starting soon institutional money market funds will have floating net asset values , to ...
by patrick
Sun Aug 07, 2016 12:52 pm
Forum: Investing - Theory, News & General
Topic: Avoid International?
Replies: 99
Views: 7802

Re: Avoid International?

While I do not necessarily believe in international, 20 years ending August 2016 is an arbitrary time period if ever I heard one. It's certainly not to me, not in the context of markets. If you told me a stock hadn't risen in 100 years, the same logic would apply. 36500 days? 876k hours? Arbritrary...
by patrick
Thu Aug 04, 2016 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 543
Views: 286759

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

A couple of other possible ways to withdraw money from the card while still getting the 6%: You could make debit card purchases and get the rest of the money through cashback. If you do this by only shifting very small purchases (which wouldn't pay much rewards on your credit card) then this shouldn...
by patrick
Wed Aug 03, 2016 10:35 pm
Forum: Investing - Theory, News & General
Topic: Does an international index fund of free market countries exist?
Replies: 8
Views: 553

Re: Does an international index fund of free market countries exist?

wouldn't these kinds of things be factored in by the other sophisticated investors out there who are making their own asset allocations? I don't think so. The fact is we do not live in a perfectly efficient market. If we did, you could simply buy anything and not worry about getting a bad deal. In ...
by patrick
Tue Aug 02, 2016 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 543
Views: 286759

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

It's around 1.26% if you just leave it and get 2%-fees. I also calculated a 3.54% IRR if you leave the $800 deposits and withdraw every 7th month, so I think I'll be doing that. The money order idea sounds interesting, but leaving $800 there it only costs $0.66 per month in interest lost (assuming ...
by patrick
Mon Aug 01, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 543
Views: 286759

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

Just too late to this bandwagon for all this effort to have felt particularly worthwhile... Oh well! But I will keep my account open. If I understand it right now, the max balance (across the card + savings) is $10k, so the best you can do is deposit $800 per month for 6 months, then withdraw ~$495...
by patrick
Sat Jul 30, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: NYT cautionary tale on the cloud
Replies: 37
Views: 3922

Re: NYT cautionary tale on the cloud

Curious that no one in this thread is discussing the article itself. It seems like a sensationalist op-ed about one specific case with legal issues that is all of 3 days old. I don't know what's going to happen, but the article was written by Chicken Little. Personally, I think that Google's securi...
by patrick
Fri Jul 29, 2016 7:07 pm
Forum: Personal Consumer Issues
Topic: Last day for free update to Windows 10
Replies: 46
Views: 2495

Re: Last day for free update to Windows 10

Your DVD player now costs $14.99 with windows 10 which used to be free. Great. I saw this after upgrading the desktop so I'm skipping upgrading the laptop. It is installed automatically for free when upgrading the editions of Windows that came with Media Center: http://answers.microsoft.com/en-us/i...
by patrick
Tue Jul 26, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 78
Views: 9082

Re: TDBank promo just started easy $600

I also had some issue with TD, though perhaps not as severe as some of the earlier posters. When I first signed up for the account and tried to fund it by an electronic transfer, they accepted the routing and account numbers without any complaint. However, the money did not actually get transferred ...
by patrick
Mon Jul 25, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Canada vacation
Replies: 45
Views: 3365

Re: Canada vacation

I visited Quebec earlier this month and was able to use cards everywhere with no problem - no cash needed at all. I think the only place you would need cash is to pay for single rides on city transit buses, which would take Canadian coins only.
by patrick
Fri Jul 22, 2016 6:52 pm
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4468

Re: World VCR production is ending next month. What to do with my old VHS tapes?

And getting back toward the original topic ... my 15-year-old VCR still works. I suspect it will be quite a long time before all of them fail.
by patrick
Fri Jul 22, 2016 6:50 pm
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4468

Re: World VCR production is ending next month. What to do with my old VHS tapes?

The idea of planned obsolescence implies deliberate efforts to make sure devices don't last, but some less deliberate design efforts end up with the same result. For example, CMOS batteries in computers eventually die rendering them dysfunctional. I imagine someone may be able to find the correct b...
by patrick
Fri Jul 22, 2016 5:52 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2847

Re: Recession post-election?

Still not locked? I suppose the moderators must all have been asleep for quite some time ...
by patrick
Thu Jul 21, 2016 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9534

Re: Just got back from Europe...ready to sell my International...

I think you're focusing too much on the price discovery function of a free market. More like you are giving it way too little consideration. The price discovery function is the function that sets the prices of stocks, and (if functioning properly) factors the other issues into the stock's price. Th...
by patrick
Wed Jul 20, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9534

Re: Just got back from Europe...ready to sell my International...

4. On that note. I always thought the rationale set forth by the people on this site for international was poor, and frankly deficient in it's assumptions. People here seem to assume that since America is a free market, the other nations of the world have markets like America too. I don't believe t...
by patrick
Wed Jul 20, 2016 8:14 pm
Forum: Investing - Theory, News & General
Topic: Capital One 360 Savings Account Bonus - Free $500....
Replies: 17
Views: 3916

Re: Capital One 360 Savings Account Bonus - Free $500....

This offer is expired already though- right? This specific one seems to be expired, but you may be able to get others. I recently received an offer in the mail similar to this but with only a $400 bonus now for a $50K deposit. They also seem to be offering $200 for checking without such extreme req...
by patrick
Wed Jul 20, 2016 8:09 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3749

Re: 3% cd

Series EE US savings bonds are very similar 3.5% 20-year CDs. Seen this way, EE bonds are probably the best "CD" around if you just look at interest rates. They do have the equivalent of a very draconian "early withdrawal penalty" if you redeem in less than 20 years -- you get al...
by patrick
Tue Jul 19, 2016 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9534

Re: Just got back from Europe...ready to sell my International...

I agree with most posters that a snapshot does not an album make nor a portfolio. All great points...however, I have often thought U.S. companies are so multi-national (international) why invest in foreign companies that may or may not be strong economies or stable entities so why invest? I think t...
by patrick
Tue Jul 19, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Stock Valuations — Is the U.S. Market Now the Global Growth Index?
Replies: 28
Views: 2402

Re: Stock Valuations — Is the U.S. Market Now the Global Growth Index?

If one wants to use CAPE to set an allocation it would seem reasonable to only use it relative to bond yields. Stocks expensive and bonds cheap is far different from stocks expensive and bonds expensive when deciding on an allocation. It does not seem reasonable to use in isolation. Combining CAPE ...
by patrick
Mon Jul 18, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Malkiel Recommends Preferred Stocks
Replies: 15
Views: 1494

Re: Malkiel Recommends Preferred Stocks

I would avoid preferred shares. They are netiher fish nor fowl, neither equity or bonds. The yield may be tempting but their is a fundamental problem of alignment. See these threads ... https://www.bogleheads.org/forum/viewtopic.php?t=67727 ... http://boards.fool.com/quotwaldenizedquot-28160296.asp...
by patrick
Mon Jul 18, 2016 12:05 pm
Forum: Personal Consumer Issues
Topic: Mother was victim of online virus scam - How can she recover the money she paid?
Replies: 56
Views: 5179

Re: Mother was victim of online virus scam - How can she recover the money she paid?

Since the charge was pure fraud, I would presume a chargeback could be processed for this. In that case, the scammer would be out the money, plus a chargeback fee going to the bank. Of course with enough complaints one would hope that this scammer would be blocked from accepting cards altogether.
by patrick
Mon Jul 18, 2016 1:40 am
Forum: Personal Consumer Issues
Topic: When traveling what do you use to bank online safely
Replies: 44
Views: 2486

Re: When traveling what do you use to bank online safely

HTTPS is far from being foolproof. http://www.howtogeek.com/182425/5-serious-problems-with-https-and-ssl-security-on-the-web/ There have been several critical vulnerabilities in the protocol used for HTTPS recently. To name a couple: https://drownattack.com/ http://heartbleed.com/ Heartbleed attack...
by patrick
Sun Jul 17, 2016 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Employer Offers 8% Dividend Fund. Catch?
Replies: 10
Views: 1284

Re: New Job. Employer Offers 8% Dividend Fund. Catch?

Would you invest a similar amount of money in one individual corporate bond? That is essentially what you are doing here -- taking undiversified credit risk. I doubt this company has an AAA credit rating.
by patrick
Thu Jul 14, 2016 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: NO bonds in my taxable account, really?
Replies: 38
Views: 3523

Re: NO bonds in my taxable account, really?

Performing a simple comparison of, say, $100K in stocks in taxable and $100K in bonds in a Roth IRA versus $100K of stocks in a Roth IRA and $100K of bonds in taxable has a problem -- if held to retirement each dollar initially in the Roth IRA turns out to be worth more than a dollar in taxable due ...
by patrick
Thu Jul 14, 2016 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase
Replies: 9
Views: 624

Re: removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase

I don't need the money immediately; I just wanted to avoid leaving it in the no-longer-high-interest account while waiting for the transfer limit to reset. It looks like Chase is far from the only bank that doesn't want to link to the Netspend accounts though -- see this thread on FatWallet: https:/...
by patrick
Thu Jul 14, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase
Replies: 9
Views: 624

removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase

Those of us who use Netspend prepaid cards are probably aware that the cap on the 5% interest rate in their savings accounts has dropped from $5,000 to $1,000, effective July 1. That makes now the time to withdraw plenty of money from these cards. Unfortunately, it turns out the credit union I was u...

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