Search found 1115 matches

by swaption
Thu Jan 28, 2016 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 1738

Re: Zero Coupon Bond Value Question

It looks like this bond is insured by one of the top rated insurance companies, who will do two things to your benefit: 1) work very hard to require the school district to pay the bond, and 2) pay the bond themselves if the district doesn't. So, in order to not get paid, both the school district an...
by swaption
Tue Jan 26, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Properly Assessing Public Schools
Replies: 55
Views: 3062

Re: Properly Assessing Public Schools

Celia may not have characterized things accurately, but with the accurate characterization the same commentary would apply. How can a ranking based solely on AP participation and scores be anything but flawed? Facts are facts. You can't start from a flawed premise and then claim it doesn't matter t...
by swaption
Tue Jan 26, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Properly Assessing Public Schools
Replies: 55
Views: 3062

Re: Properly Assessing Public Schools

Seriously, dead wrong? Still a completely bogus metric. It's an equation that US News has had much success with, identifying very simplistic measures that are easily available and then broadly distributing meaningless rankings. It's also something that schools can easily manage to if inordinately f...
by swaption
Tue Jan 26, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Properly Assessing Public Schools
Replies: 55
Views: 3062

Re: Properly Assessing Public Schools

This is reasonably good; http://www.usnews.com/education/best-high-schools I disagree. The US News "Best High Schools" rankings are based solely on the number of students taking an AP test each year compared to the number of students who graduate . I know of school districts around us who...
by swaption
Sat Jan 23, 2016 8:15 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 137
Views: 13802

Re: The Big Short

Recently saw “The Big Short”. Really enjoyed it and will watch it again to pick up nuances I missed. A memorable scene: Fund manager when conversing with S&P Credit Rating Agency representative, learned that high ratings were rubber stamped so banks (customers) wouldn’t go to competitors. The f...
by swaption
Fri Jan 22, 2016 7:54 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 137
Views: 13802

Re: The Big Short

"Inside Job", 2011 Oscar winner for best documentary, is a must see film for anyone interested in the financial crises. IMO far better than The Big Short, both in terms of education and entertainment. http://www.sonyclassics.com/insidejob/ Inside Job was unwatchable to me. Basically not u...
by swaption
Fri Jan 22, 2016 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 80
Views: 5183

Re: Going from 50/50 US/Int to All US

FWIW, I'm of similar age to OP and am 100% invested in Total World Stock Index. It's about 50/50 domestic/international and I couldn't sleep any easier. Why? You think there will suddenly be economic growth in Europe, or Japan, or Brazil? Which countries would drive the increases you expect in non-...
by swaption
Fri Jan 22, 2016 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 80
Views: 5183

Re: Going from 50/50 US/Int to All US

Think about all those investors in the late 90's who every year lagged behind others because they did not tilt toward growth, or even worse maybe they tilted toward value. Would have been easy to find lots of compelling reasons to FINALLY give in and adjust the allocation. The irony is that the one...
by swaption
Fri Jan 22, 2016 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 80
Views: 5183

Re: Going from 50/50 US/Int to All US

Guys...these are exactly the kind of responses I needed to hear. Thanks for telling me what I know deep down... but forgot because of the recent underperformance . I'll just stay the course and stay at 50/50...and I really like the idea of moving only 5% per year towards more US if I feel like I ne...
by swaption
Thu Jan 21, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Why are REITs not providing any benefit in this market?
Replies: 45
Views: 4908

Re: Why are REITs not providing any benefit in this market?

Trying to see the diversification benefit in the current (or any) market is like looking at ocean waves and trying to figure whether the tide is rising or falling. Just stop staring at the waves!
by swaption
Thu Jan 21, 2016 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 50/50 US/Int to All US
Replies: 80
Views: 5183

Re: Going from 50/50 US/Int to All US

Think about all those investors in the late 90's who every year lagged behind others because they did not tilt toward growth, or even worse maybe they tilted toward value. Would have been easy to find lots of compelling reasons to FINALLY give in and adjust the allocation. The irony is that the ones...
by swaption
Fri Dec 11, 2015 3:29 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 8052

Re: Mutual fund stops redemptions - now in liquidation

Vanguard and other fund families have lines of credit to handle redemption demands. Either Third Avenue doesn't have such a line or doesn't want to use it for whatever reason. Think about this for a moment. What this would mean would be paying out redemptions based on NAV without actually selling p...
by swaption
Wed Nov 25, 2015 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Comparative negligence (car accident)
Replies: 35
Views: 3462

Re: Comparitive negligence (car accident)

Kind of frustrating. Earlier this year my neighbor's harvard enrolled son treated our downhill street like a bobsled run during a snow storm and I was on the uphill receiving end. Their insurance company was trying for 50% fault. Ultimately spoke to the boy's father (my neighbor) and concluded he ba...
by swaption
Tue Nov 24, 2015 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 26581

Re: High Earner Careers?

I supplied the bold above. Simply put, my guess is that I am essentially one of the dads you describe above. My take on this and the perspective of the poster to whom you were replying, is that much of this is no more than rationalization of our own life choices. Why bother? At the end of the day, ...
by swaption
Tue Nov 24, 2015 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Push child to avoid expensive college?
Replies: 207
Views: 13540

Re: Push child to avoid expensive college?

Couldn't help but feel compelled to search for an update on the infamous Princeton Mom: http://www.cnn.com/2014/03/13/living/princeton-mom-book-marry-smart-matrimony/ Apparently out with a book Marry Smart. I honestly thought this was hilarious at the time. Apparetnly divorced and she actually seems...
by swaption
Mon Nov 23, 2015 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 26581

Re: High Earner Careers?

Good point Mike. Maybe it's not a completely accurate statement but sometimes it seems like there are two types of people in America today. Those who value their family more than their careers and those who value their careers more than the families. It may sound odd, this being a site primarily cr...
by swaption
Sat Nov 21, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: How do you explain investing to friends?
Replies: 30
Views: 2433

Re: How do you explain investing to friends?

I usually don't. But one of the most gratifying things transpired when my next door neighbor and I got away to go skiing for a couple of days after some big snow fall. Involved a 3.5 hour drive each way. At some point, he asked me about money management. Obviously a nice relaxed opportunity to share...
by swaption
Fri Nov 20, 2015 7:23 pm
Forum: Investing - Theory, News & General
Topic: Most important financial metric/calculation?
Replies: 39
Views: 3549

Re: Most important financial metric/calculation?

Yeah, I would go with net worth. It pretty much captures the result of everything else. You pay down debt (including mortgage) your net worth goes up. You save a lot, goes to net worth. Investments do well, net worth again. House appreciates, same story. You do all the above, and it just grows over ...
by swaption
Fri Nov 20, 2015 6:30 pm
Forum: Personal Consumer Issues
Topic: NYC in early December
Replies: 29
Views: 2897

Re: NYC in early December

I'm sure many can come up with countless reasons to not go to Peter Lugers. But is is an institution and it is awesome. When there, take a look at the bank building across the street, and consider the fact that the restaurant has been there since pre-1900 when that location was primarily a port (no ...
by swaption
Fri Nov 06, 2015 2:44 pm
Forum: Investing - Theory, News & General
Topic: New Housing Bubble and upcoming cycle peak
Replies: 86
Views: 11207

Re: New Housing Bubble and upcoming cycle peak

note to readers this is a restarted thread from 2014 To your point VT, I was reading along quite nicely, and then suddenly I was reading my own comment! Dang those old restarted threads. But CI has done us the favor of recycling the very same mistake, The referenced graph only refers to new houses ...
by swaption
Tue Oct 06, 2015 2:12 pm
Forum: Personal Consumer Issues
Topic: Mattress Run: Was it stupid?
Replies: 63
Views: 8037

Re: Manufactured spending: Was it stupid?

Hi Victoria, I used to have a Chase Marriott Visa card, but canceled it a couple of years ago. In my experience, hotel credit cards and accumulating hotel points is not nearly as lucrative as cash back cards or even airline points. Anecdotally, it appears to me that the major hotel chains have thei...
by swaption
Thu Sep 24, 2015 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: should I counter promotion offer
Replies: 15
Views: 1957

Re: should I counter promotion offer

You have not mentioned whether this makes you better positioned for future advancement. Depnding on where you are in your career, that could be a primary consideration. But generally, I don't thing there is anything wrong with something along the following lines "Thank you, I very much apprecia...
by swaption
Tue Sep 08, 2015 2:58 pm
Forum: Investing - Theory, News & General
Topic: Has the "Equity Premium Puzzle" Been Solved?
Replies: 41
Views: 2817

Re: Has the "Equity Premium Puzzle" Been Solved?

I've done no more than skim the introduction, and don't think I'm capable of understanding or judging the rest, but... this is fascinating. It speaks directly to things that have been bothering me for a long time. The optimists are inclined to suggest that it isn't really fair to count the (suppose...
by swaption
Fri Aug 28, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sigh, what's the point of knowing investing theory?
Replies: 20
Views: 1791

Re: Sigh, what's the point of knowing investing theory?

Just have to reply to this. Simply put, you are awesome. What you may see as your own personal deficiencies, one might view as a very valuable ability to view one self accurately, albeit perhaps too critically. When climbing a mountain, each step seems almost too trivial to make a difference. Why bo...
by swaption
Fri Aug 28, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance - Holy closing costs batman!
Replies: 26
Views: 2772

Re: Mortgage Refinance - Holy closing costs batman!

I am in NY, and know this situation well. It is the mortgage tax. You technically do not need to pay it again, but that would involve an assignment of the existing mortgage, which requires the cooperation of your existing bank. This might be ok, but it will cost you, and it could be a decent amount ...
by swaption
Thu Aug 27, 2015 1:34 pm
Forum: Investing - Theory, News & General
Topic: Why no diversification benefit for international in this week's crash?
Replies: 90
Views: 8504

Re: Why no diversification benefit for international in this week's crash?

The real reason I made this topic was because I don't understand how domestic and internal stocks could both experience a 7% decline in one week. Stock price is supposed to track fundamental earnings. How can the fundamental earnings of two massive regions both fall at the exact same time? It sound...
by swaption
Thu Aug 27, 2015 12:53 pm
Forum: Investing - Theory, News & General
Topic: Why no diversification benefit for international in this week's crash?
Replies: 90
Views: 8504

Re: Why no diversification benefit for international in this week's crash?

The real reason I made this topic was because I don't understand how domestic and internal stocks could both experience a 7% decline in one week. Stock price is supposed to track fundamental earnings. How can the fundamental earnings of two massive regions both fall at the exact same time? It sound...
by swaption
Thu Aug 27, 2015 12:07 pm
Forum: Investing - Theory, News & General
Topic: Why no diversification benefit for international in this week's crash?
Replies: 90
Views: 8504

Re: Why no diversification benefit for international in this week's crash?

I'm going to give you an analogy. I kind of like my analogies, but I really like this one. Wish there was a career in this, sort of like a greeting card writer. What you are suggesting is akin to watching ocean waves for 5 minutes and trying to figure out whether the tide is rising. Will expand on ...
by swaption
Thu Aug 27, 2015 11:05 am
Forum: Investing - Theory, News & General
Topic: Why no diversification benefit for international in this week's crash?
Replies: 90
Views: 8504

Re: Why no diversification benefit for international in this week's crash?

I'm going to give you an analogy. I kind of like my analogies, but I really like this one. Wish there was a career in this, sort of like a greeting card writer.

What you are suggesting is akin to watching ocean waves for 5 minutes and trying to figure out whether the tide is rising.
by swaption
Thu Aug 27, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7844

Re: Was about to change from 100% equity to 80%. Now what?

Actually the Efficient Market Hypothesis (which guides popular index fund investing today) was conceived by Eugene Fama, an Economics PhD and Nobel winner. FWIW, Eugene Fama has a 100% stock portfolio. :happy I'll field this one. His "coefficient of constant relative risk aversion" must b...
by swaption
Thu Aug 27, 2015 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7844

Re: Was about to change from 100% equity to 80%. Now what?

...Interestingly the more I refine my model the closer it converges to the Bogle portfolio of 65 TSM / 35 TBM. And he only had a B.A. ... Most of your learning will take place after you get out of academia. Real learning or "learning"? Most of what the popular media writes about economics...
by swaption
Thu Aug 27, 2015 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7844

Re: Was about to change from 100% equity to 80%. Now what?

rca1824 wrote:I've switched to a simpler model of looking at annual returns and standard deviations and computing the optimal portfolio given a range of utility functions.


Right up there among the most entertaining things I have seen written on these boards. What in the world was your not simpler model?
by swaption
Sun Aug 23, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Passed up for a promotion, now what?
Replies: 34
Views: 4676

Re: Passed up for a promotion, now what?

So, what should I do? >> Confront the VP - nothing serious or dramatic - but just say something like "I need an answer or I'm going to start looking for another job" ? I must say, I got a chuckle out of this. if this isn't serious or dramatic, then I'd be real interested in your version o...
by swaption
Mon Aug 03, 2015 2:19 pm
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 271
Views: 15652

Re: Are equities really as risky as anyone thinks?

I'll end with a quote: Market prices, let me stress, have their limitations in the short term. Monthly or yearly movements of stocks are often erratic and not indicative of changes in intrinsic value. Over time, however, stock prices and intrinsic value almost invariably converge. You know, there i...
by swaption
Fri Jul 31, 2015 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with low raise
Replies: 71
Views: 5605

Re: Frustrated with low raise

Are you any more valuable to your employer than you were before? If not, were you being underpaid? Theoretically, this should be the starting point.
by swaption
Thu Jul 30, 2015 9:58 am
Forum: Personal Consumer Issues
Topic: Zion, Bryce, Grand Canyon Late March
Replies: 34
Views: 2185

Re: Zion, Bryce, Grand Canyon Late March

Hello - one of the best ways to experience Bryce is via the horseback trail ride. My wife & I did it years ago during a summer month and it was spectacular. March maybe too early for that, but if it is available, I would recommend it. Enjoy your family, you will have a great time! Thanks. Kind ...
by swaption
Wed Jul 29, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: CFA Exam Results
Replies: 19
Views: 2170

Re: CFA Exam Results

Nicely done, and agree 100% with your comments. Having completed a high level MBA program and worked in banking for more than a decade, I was really impressed with the comprehensive nature of the curriculum. For what it's worth, I thought Level III was by far the hardest.
by swaption
Wed Jul 29, 2015 9:26 am
Forum: Personal Consumer Issues
Topic: Zion, Bryce, Grand Canyon Late March
Replies: 34
Views: 2185

Re: Zion, Bryce, Grand Canyon Late March

Thank you all. While obviously not a travel forum, clearly I came to the right place. This is now what I am thinking: 1 Night Vegas – Land late, visit Hoover Dam next day, and then drive to Zion (double back a bit, but it is what it is) 3 Nights Zion – Really ends up being two full days, likely dep...
by swaption
Tue Jul 28, 2015 1:24 pm
Forum: Personal Consumer Issues
Topic: Zion, Bryce, Grand Canyon Late March
Replies: 34
Views: 2185

Re: Zion, Bryce, Grand Canyon Late March

Thank you all. While obviously not a travel forum, clearly I came to the right place. This is now what I am thinking: 1 Night Vegas – Land late, visit Hoover Dam next day, and then drive to Zion (double back a bit, but it is what it is) 3 Nights Zion – Really ends up being two full days, likely depa...
by swaption
Mon Jul 27, 2015 1:40 pm
Forum: Personal Consumer Issues
Topic: Zion, Bryce, Grand Canyon Late March
Replies: 34
Views: 2185

Zion, Bryce, Grand Canyon Late March

Way off investing, but figure I trust the wisdom here as muach as anywhere. Thinking 8 nights end of March, 2016 with wife and daughters age 15 and 13. Land in Las Vegans, first night in LV, 2 nights Zion, 1 night Bryce, 1 night Page/lake Powell, 2 nights GC South Rim, and 1 night Sedona, fly out of...
by swaption
Fri Jul 17, 2015 1:09 pm
Forum: Personal Consumer Issues
Topic: Home landscaping dilemma
Replies: 21
Views: 2306

Re: Home landscaping dilemma

I budgeted 10% of the home value (~$40k) for the pool and landscaping having read that is a good rule of thumb. Think aboout this for a second, how is your initial estimate of $40k anything other than arbitrary? Does this mean that the very modest homes in my area selling for $1 million should spen...
by swaption
Thu Jul 16, 2015 1:54 am
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 20321

Re: What 2008/09 has done to me

My employer is loyal to me until they're not; and I am loyal to them until I'm not. Great point! I truthfully do not look at my employer the same way. Not because they had to do layoffs to survive, but I heard none of the Partners took a penny less of their huge bonuses. If they all got together an...
by swaption
Mon Jun 22, 2015 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: "market timing" home purchase for seasonal price variation and expected interest rate increase?
Replies: 4
Views: 510

Re: "market timing" home purchase for seasonal price variation and expected interest rate increase?

Seasonality exists primarily due to school calendars, with the spring being the biggest selling season so kids can start the next year in a new school. Flexibility around this can be beneficial. In terms of housing prices going down as a result of interest rate moves. It might be worth considering t...
by swaption
Fri Jun 19, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Just what is "management" and "exectutive" anyway
Replies: 14
Views: 2497

Re: Just what is "management" and "exectutive" anyway

In my mind, Management is when your job entails HR related issues relevant to others. These would include hiring decisions, compensation, career progression, etc.
by swaption
Mon Jun 15, 2015 6:33 pm
Forum: Investing - Theory, News & General
Topic: Not Buying a Home Could Cost You
Replies: 36
Views: 8032

Re: Not Buying a Home Could Cost You

I'm not sure why they assume interest rates and housing prices will continue climbing. Mike Yeah, no doubt. In the case of home prices rising at levels consistent with historic norms no less. It's almost as if they would want to think now that we have emerged from the housing lunacy, we can go back...
by swaption
Mon Jun 15, 2015 3:32 pm
Forum: Investing - Theory, News & General
Topic: Not Buying a Home Could Cost You
Replies: 36
Views: 8032

Not Buying a Home Could Cost You

Quantification of owning vs. renting by markets from a very partial source can be found here: http://finance.yahoo.com/news/not-buying-home-could-cost-182337704.html and the original source here: http://www.realtor.com/news/trends/financial-benefit-buying-a-home-now/ I know this is from realtor.com,...
by swaption
Mon Jun 15, 2015 1:54 pm
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 9176

Re: Aren't bogleheads predicting the long term?

there is an assumption/expectation that over the long run (30 years), the markets generally keep rising? No, i would say more accurately that there is an assumption/expectation that the markets are functioning and doing their job. Investing is a means to defer consumption to provide others with cap...
by swaption
Tue Jun 09, 2015 8:25 pm
Forum: Personal Consumer Issues
Topic: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29
Replies: 34
Views: 6496

Re: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29

They just had a 2 day thing over Memorial Day with multi-buy for $140, or $35 a shirt. Included much more and what I wanted. Bought these for years. I don't buy non-iron. Really like the Egyptian Cotton which are available in herringbone and puppytooth. Have several of each. In terms of fit, agree t...
by swaption
Tue Jun 09, 2015 5:09 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 14363

Re: Car dealer wants me to compensate for underpayment

I think I have come up with something analagous. You go to a restaurant. When you order, implicit in that is a contract. You intend to pay for what you order at the prices indicated on the menu. When the check/invoice comes, you notice a relatively signififcant error, but pay the bill anyway. The re...
by swaption
Mon Jun 08, 2015 4:01 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 14363

Re: Car dealer wants me to compensate for underpayment

In other words, they play games to get people to overpay all the time. So why should I play cricket when the tables are turned? I can't necessarily say exactly what i would do here. But I'm also not sure I would use a car dealer as my barometer of what is right and wrong, and life is a whole lot ea...

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