Search found 120 matches

by wastenot
Wed Aug 31, 2016 8:51 am
Forum: Personal Consumer Issues
Topic: Password security question for security experts
Replies: 42
Views: 3618

Re: Password security question for security experts

How can Lastpass be a good idea if it is accessible by a conventional password, which according to earlier posters is easy for hackers to acquire? By chance, I just read an account of a huge hack against a password protection service: https://www.theguardian.com/technology/2016/aug/31/dropbox-hack-...
by wastenot
Wed Aug 31, 2016 8:25 am
Forum: Local Chapters and Bogleheads Community
Topic: I think I found Rick Ferri
Replies: 53
Views: 10373

Re: I think I found Rick Ferri

Congratulations to Rick AND Taylor!

Like Rick, I am thinking of buying a (small) RV and hitting the road to see more of this beautiful continent.
by wastenot
Wed Aug 31, 2016 8:11 am
Forum: Personal Consumer Issues
Topic: Password security question for security experts
Replies: 42
Views: 3618

Re: Password security question for security experts

How can Lastpass be a good idea if it is accessible by a conventional password, which according to earlier posters is easy for hackers to acquire?
by wastenot
Sun Jun 12, 2016 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Do Roth IRAs Affect Tax Brackets?
Replies: 1
Views: 356

Do Roth IRAs Affect Tax Brackets?

Please clarify. I know that withdrawals from a Roth IRA are tax-free for people over 59, but does the IRS count the tax-free withdrawals as a factor in computing tax brackets?

Thank you.

Wastenot
by wastenot
Thu May 12, 2016 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from David Stockman?
Replies: 6
Views: 1089

Investment Advice from David Stockman?

I have been reading David Stockman's blog. He is the former Reagan administration official who is pessimistic about the economy in general and government finances specifically.

Does anyone know what Stockman's investment approach is for the average investor?
by wastenot
Thu May 12, 2016 10:36 am
Forum: Local Chapters and Bogleheads Community
Topic: New York City Local Chapter established
Replies: 155
Views: 30517

Re: New York City Local Chapter established

Count me in. - Wastenot
by wastenot
Wed Mar 02, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Gold / Silver - small tactical allocation?
Replies: 44
Views: 3658

Re: Gold / Silver - small tactical allocation?

To quote Rowland and Lawson's "Permanent Portfolio:" * "Gold is a tool, not a religion." * "A government can't print more gold when it starts to run low on funds." * "Gold does not run up massive debts and unfunded government liabilities." * "Gold does no...
by wastenot
Fri Jan 15, 2016 11:51 am
Forum: Personal Consumer Issues
Topic: Lima, Peru advice
Replies: 23
Views: 2413

Re: Lima, Peru advice

Wherever you go in Lima, be aware of possibility of pickpockets and thieves of purses and backpacks. Because I clearly stand out as non-Peruvian, my wife doesn't wear her jewelry in the street, and I put my wallet in my front pocket.. Putting a wallet in your front pocket will not deter a professio...
by wastenot
Thu Oct 22, 2015 9:23 pm
Forum: Personal Consumer Issues
Topic: Best Online Genealogical Chart?
Replies: 26
Views: 3070

Best Online Genealogical Chart?

I would like to begin a family genealogical chart. In the opinion of experienced Bogleheads, which is the best chart to sign up for in terms of cost, ease of linking/copying online information, features, ease of use, etc.? One factor is that I would like to add a lot of annotations to the chart. Tha...
by wastenot
Thu Oct 22, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: SS: Avoiding Part B Increase
Replies: 2
Views: 440

SS: Avoiding Part B Increase

I currently have Medicare insurance but have not signed up for Social Security. I *was* planning to sign up for SS when I reach 66 in early 2016, until I got the news about the pending Part B hike. Can I avoid the 50% hike in SS Part B in 2016 if I sign up to receive SS in late December 2015? (I wou...
by wastenot
Thu Mar 19, 2015 9:13 am
Forum: Investing - Theory, News & General
Topic: Qualms about Market Predictions
Replies: 15
Views: 1319

Qualms about Market Predictions

One of the basic premises of Bogleheads is that the future is unknowable, leading us to hold diverse portfolios in order to cover all the bases. And while I have the highest respect for John Bogle and Bill Bernstein, does anyone share my concern when John Bogle and Bill Bernstein make predictions ab...
by wastenot
Thu Mar 19, 2015 9:05 am
Forum: Personal Consumer Issues
Topic: Cooking: Refreezing Turkey Stock?
Replies: 8
Views: 695

Cooking: Refreezing Turkey Stock?

I have found that making stock from the Christmas turkey is a thrifty (and tasty) way to make soup.

But if I freeze turkey stock, is it safe to thaw it out, make more turkey soup, and then freeze it again for later consumption?

The advice of seasoned cooks would be appreciated.
by wastenot
Thu Mar 19, 2015 8:59 am
Forum: Local Chapters and Bogleheads Community
Topic: NYC Chapter
Replies: 2
Views: 1076

Re: NYC Chapter

Bogle101 wrote:Do bogleheads ever meet or present ideas in the NYC area?


Yes, there is a NYC chapter.

For details on the next meeting, send an e-mail to: bogleheadnyc@gmail.com
by wastenot
Fri Dec 19, 2014 7:28 pm
Forum: Investing - Theory, News & General
Topic: Correlations of Risk Factors in Down Markets
Replies: 22
Views: 1759

Re: Correlations of Risk Factors in Down Markets

Different central banks will have different reasons, but for the US Fed, I think the simplest explanation is best: government inertia. The US Fed has always owned gold and until someone makes the case for why we need to sell it, the Fed is happy to keep the gold on its books indefinitely even if it...
by wastenot
Fri Dec 19, 2014 11:57 am
Forum: Investing - Theory, News & General
Topic: Correlations of Risk Factors in Down Markets
Replies: 22
Views: 1759

Re: Correlations of Risk Factors in Down Markets

For added diversification, dare I mention the dreaded "G word," which turns normally mildmannered Bogleheads into impatient and, in my humble opinion, irrational respondents? The "G word" is: Gold. Gold often zigs when other investments are zagging (and sagging :beer ), which is ...
by wastenot
Tue Dec 09, 2014 11:42 am
Forum: Personal Consumer Issues
Topic: Ad hoc travel to Antarctica
Replies: 54
Views: 4364

Re: Ad hoc travel to Antarctica

Judging from your past posts, Victoria, I think you would enjoy Ushuaia and vicinity. It is a hiker's paradise, with a wonderful National Park close by with many trails. It reminded me of Alaska without the crowds, although I haven't actually visited Alaska yet. I went there about 15 years ago, but ...
by wastenot
Sat Nov 22, 2014 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Best book on Medicare?
Replies: 3
Views: 897

Best book on Medicare?

What is the best book to read on Medicare? I will turn 65 next year and need to read up on the bewildering complexity surrounding this subject.

I prefer to read a printed book, but referrals to concise and accurate websites are also welcome.

Thank you.
by wastenot
Mon Sep 08, 2014 8:59 am
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 15971

Re: A 'really good book' you did NOT enjoy

Huckleberry Finn, in an unaccustomed and brief role as literary critic, had something to say about tiresome classics. During one of his adventures, Huck was adopted by a host family of rustic aristocrats. After perusing the few books in the family's library, he noted: "One was 'Pilgrim's Progre...
by wastenot
Mon Sep 08, 2014 8:42 am
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 3889

Re: POLL: Has a financial firm made a mistake with your mone

Two stories: Story #1: For years, before I was a Boglehead, I would rush to the bank just before April 15 and put the maximum amount into a minimal interest rate TIRA. One year I finally got wise and went to the bank before the end of the year to consolidate all of these accounts and switch them to ...
by wastenot
Sun Aug 31, 2014 8:54 am
Forum: Personal Consumer Issues
Topic: NYC [Visit to New York City]
Replies: 45
Views: 3061

Re: NYC [Visit to New York City]

NYC is a place where you have to leave your boglehead budget behind, but do a lot of research. The not-so-hot places in NY cost just as much as the good places. They're all remarkably expensive. :) I respectfully disagree. Lodging in New York is indeed pricey, but NYC has attractions which suit all...
by wastenot
Thu Jul 24, 2014 8:59 am
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3779

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

It may have been Mark Twain who was asked by a persistent questioner, "Do you want to go to heaven or to hell?"

His response: "I have friends in both places." 8-)
by wastenot
Sun Jul 20, 2014 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Advice For Late Starters To Investing
Replies: 7
Views: 1459

Re: Advice For Late Starters To Investing

Rest assured, Nerdicus, that 38 is not too late to start saving. I started saving systematically at the age of 39 and managed to "reach my number," with a recommended safety margin, before retirement. I owe this success to John Bogle and the wise and generous members of our Boglehead board...
by wastenot
Sun Jul 20, 2014 9:51 am
Forum: Investing - Theory, News & General
Topic: NY Times Article - a case for index investing
Replies: 23
Views: 3325

Re: NY Times Article - a case for index investing

Interesting article! “It is very difficult for active fund managers to consistently outperform their peers and remain in the top quartile of performance over long periods of time,” he said... http://www.nytimes.com/2014/07/20/your-money/who-routinely-trounces-the-stock-market-try-2-out-of-2862-fund...
by wastenot
Sun Jul 20, 2014 8:34 am
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 58
Views: 4443

Re: Poll: Has your AA changed in the last 18 months

I voted for "becoming more conservative" because in early 2013 I switched from an orthodox "age in bonds" BH allocation to putting most of my savings in Harry Browne's Permanent Portfolio (*not* in the commercial, and rather flawed, PERM and PRPFX funds.) For this move I thank Ta...
by wastenot
Fri Jul 18, 2014 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Inter-Term Bond Index (VBILX)
Replies: 9
Views: 1608

Re: Vanguard Inter-Term Bond Index (VBILX)

I like VBILX because it does not hold high-risk mortgage backed securities (MBS.) After 2008, I avoid MBS like the plague.

Over the years, VBILX has a slightly lower CAGR than BND, but I still prefer VBILX for the reason stated above.
by wastenot
Mon May 26, 2014 11:16 am
Forum: Local Chapters and Bogleheads Community
Topic: NYC Meetup
Replies: 1
Views: 485

Re: NYC Meetup

For information on the local NYC chapter of the Bogleheads, send e-mail to:

bogleheadnyc@gmail.com
by wastenot
Mon May 26, 2014 11:06 am
Forum: Investing - Theory, News & General
Topic: I need some "hand-holding" right now...
Replies: 51
Views: 6286

Re: I need some "hand-holding" right now...

Ok, I'm totally new to Bogleheads.org...so be gentle with me!... Can some of you smart people "talk me off the bridge" and explain to me, very generally, why we all should not be buying gold and silver, as many are doing?... Gold is not held exclusively by people who are afraid of a total...
by wastenot
Thu May 22, 2014 6:57 pm
Forum: Investing - Theory, News & General
Topic: "Treasuries: A better safe haven than gold"
Replies: 38
Views: 3151

Re: "Treasuries: A better safe haven than gold"

Now, which do you think is easier to create more of: dollars by the Fed, or gold, which requires labor and expense to dig out of the ground and there is a finite supply of? Wow, you say this as if you're proud of it. It should be "unfortunately, gold requires...", with a strong hint of sh...
by wastenot
Sat May 17, 2014 7:59 am
Forum: Investing - Theory, News & General
Topic: "Bond investing: Is a bear still out there?"
Replies: 34
Views: 3217

Re: "Bond investing: Is a bear still out there?"

billyt wrote:No less than former Fed chair Ben Bernanke expects rates to stay low for quite a long time:


But can Bernanke know what Mr. Bond Market has in mind for the future?" Or as Trotsky said: "You may not be interested in war, but war may be interested in you."
by wastenot
Fri Apr 18, 2014 9:47 am
Forum: Investing - Theory, News & General
Topic: Gold vs. Bonds as an Asset Allocation Hedge
Replies: 24
Views: 2795

Re: Gold vs. Bonds as an Asset Allocation Hedge

A detailed discussion of gold as part of a 4-part diversified portfolio (stocks, long term bonds, cash, gold) can be found on Craig Rowland's crawlingroad website: http://www.crawlingroad.com/blog/2013/08/12/permanent-portfolio-basics/ The most detailed explanation of all is in Craig Rowland and J.M...
by wastenot
Sun Mar 23, 2014 8:37 pm
Forum: Personal Consumer Issues
Topic: Ancestry Tests
Replies: 19
Views: 2297

Re: Ancestry Tests

Information on DNA testing for Native American ancestry can be found at: http://dna-explained.com/2012/12/18/proving-native-american-ancestry-using-dna/ The explanation is highly complex. I have a similar situation, as there is a vague rumor that my father's family, way back, includes Native America...
by wastenot
Wed Mar 05, 2014 9:26 am
Forum: Investing - Help with Personal Investments
Topic: What age to buy I bonds?
Replies: 29
Views: 3352

Re: What age to buy I bonds?

dad2000 wrote:I like them because they are very adaptable:


- They are the best inflation hedge (along with TIPS, but I prefer I-bonds in taxable space)


In my opinion, I-bonds are even better than TIPS because they can never decline in value. In 2013, for example, TIPS funds dropped about 7% (IIRC).
by wastenot
Mon Jan 06, 2014 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Spending money abroad
Replies: 46
Views: 3721

Re: Spending money abroad

Due to personal experience, I always like to carry several hundred dollars (kept in a money belt) when traveling abroad. Here are some of my learning experiences: (1) I had to catch a 6 A.M. flight to Canada. At 4 A.M., I went to the lobby of my apartment building and put my card in the slot of the ...
by wastenot
Sun Dec 29, 2013 11:01 am
Forum: Investing - Theory, News & General
Topic: Are Bogleheads "robots with Excel Spreadsheets?"
Replies: 74
Views: 4894

Re: Are Bogleheads "robots with Excel Spreadsheets?"

I have doubts about the expertise and intentions of activists such as Ms. Ghilarducci. Governments in Argentina and Poland have seized private pension plans in exchange for "government guaranteed" retirement payouts, and Ms. Ghilarducci has been accused of moving toward this doleful strate...
by wastenot
Mon Dec 09, 2013 10:52 am
Forum: Investing - Theory, News & General
Topic: To Roth or not to Roth
Replies: 28
Views: 2718

Re: To Roth or not to Roth

Concern about future tax increases is another reason a Roth might make sense. To me, this is the essence of the advantage of converting to a Roth. Nobody knows what future tax rates will be, but I am convinced they have to go MUCH higher (for reasons beyond the scope of the BH list.) As to when tax...
by wastenot
Sun Dec 08, 2013 10:31 am
Forum: Investing - Theory, News & General
Topic: Jeremy Grantham-on the equity markets next 2 years
Replies: 10
Views: 2571

Re: Jeremy Grantham-on the equity markets next 2 years

Verbal punditry is worth the paper it's written on. Jeremy Grantham strikes me as a thoughtful sort of guy, but IMHO his views don't amount to much unless they face the ultimate reality test of actually plunking down money in a portfolio. And as we all know, timing is timing.
by wastenot
Fri Nov 22, 2013 8:27 pm
Forum: Personal Consumer Issues
Topic: Advantages to Dual Citizenship?
Replies: 34
Views: 8282

Advantages to Dual Citizenship?

I was born in the U.S. but two of my grandparents were born in Ireland, so I qualify for Irish citizenship. The process would take several months, submitting certified documents to Dublin and paying a few hundred dollars in order to get an Irish passport. In the opinion of experienced Bogleheads, is...
by wastenot
Tue Nov 19, 2013 2:27 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds vs. TIPS funds
Replies: 7
Views: 1251

Re: I-Bonds vs. TIPS funds

Thanks for all your comments. To clarify matters, I am speaking specifically of TIPS in a TIRA, not TIPS bonds owned outright. And I should have stated that in cashing in my TIPS TIRA funds to buy I-Bonds at a reduced tax rate, I am building up my cash portfolio as part of the Permanent Portfolio st...
by wastenot
Sun Nov 17, 2013 2:02 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds vs. TIPS funds
Replies: 7
Views: 1251

I-Bonds vs. TIPS funds

I am not too far away from Required Minimum Distributions (RMDs), and this deadline raises a question regarding the comparative value of I-Bonds vs. TIPS funds held in a traditional IRA. Both protect against inflation, but as the years go by I tend to favor I-Bonds over TIPS funds in a traditional I...
by wastenot
Sun Nov 17, 2013 1:37 pm
Forum: Investing - Theory, News & General
Topic: Gee, I coulda had an I-Bond instead!
Replies: 53
Views: 4988

Re: Gee, I coulda had an I-Bond instead!

That's another way to overpay your taxes (have Vanguard withhold 100% of a $5000 withdrawal, or alternately, withhold $5000 more than normal on a larger withdrawal). Hopefully this is a RMD, since I wouldn't ordinarily recommend taking unneeded withdrawals from one's IRA just to buy I Bonds. And ye...
by wastenot
Sun Nov 17, 2013 12:21 pm
Forum: Investing - Theory, News & General
Topic: Gee, I coulda had an I-Bond instead!
Replies: 53
Views: 4988

Re: Gee, I coulda had an I-Bond instead!

As an alternative, in order to get $5,000 extra in I-bonds, could I cash in a traditional IRA before Dec. 31 of this year and ask Vanguard to send to the IRS a withholding that will cover the $5,000 I-bond? In this way would I receive this extra amount in I-Bonds when I pay my 2013 taxes in early 20...
by wastenot
Thu Nov 14, 2013 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: iBonds for tax sheltering
Replies: 18
Views: 1838

Re: iBonds for tax sheltering

I-Bonds are excellent for tax deferral. I especially like the way they keep pace with inflation while having the added benefit of never declining in value during periods of deflation. In this aspect they are superior to TIPS funds. So, in my opinion, they are a win-win situation. My only regret is t...
by wastenot
Thu Nov 14, 2013 10:55 am
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio question
Replies: 73
Views: 5098

Re: Harry Browne Permanent Portfolio question

There are large numbers of investors who would benefit greatly from the "standard stuff" recommended by the likes of John Bogle, William Bernstein, Harry Browne, Larry Swedroe, Rick Ferri, etc. Sadly, this legion of uninformed and (literally) misguided investors has little or no understan...
by wastenot
Thu Nov 14, 2013 10:04 am
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio question
Replies: 73
Views: 5098

Re: Harry Browne Permanent Portfolio question

Who was Harry Browne, and what were his qualifications as a finance/economic/investment expert anyway? An advertising and sales executive who admitted they got lucky with gold and that boasted that you can "dine out for the rest of his life" on a single prediction that came true. Clive ha...
by wastenot
Sun Nov 10, 2013 12:42 pm
Forum: Personal Consumer Issues
Topic: Food Dehydrators
Replies: 15
Views: 1523

Re: Food Dehydrators

I use my dehydrator mainly for preparing backpacking meals. The freezedried meals you buy in stores are expensive and loaded with salt (as much as 80% of the recommended daily sodium portion per meal). Ugh! But even people who do not go backpacking can benefit from dehydrating, which is very cost-ef...
by wastenot
Fri Aug 30, 2013 11:11 am
Forum: Investing - Theory, News & General
Topic: the state of unfunded state pension obligations
Replies: 90
Views: 7016

Re: the state of unfunded state pension obligations

The central question for me is: Why didn't the unions complain loudly or file lawsuits during the years and even decades when state legislatures were shortchanging their mandated pension contributions? And for those who believe that they can get blood out of the fiscal onion, read Kotlikoff and Burn...
by wastenot
Fri Aug 23, 2013 3:01 pm
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 10918

Re: Gold and DJIA: What is going on?!

[quote="wastenot"] Here we go again. To paraphrase a Chinese statesman, "It doesn't matter whether a cat is white, black or gold-colored as long as it catches mice." quote] Bottom Line: When the white and black cats are failing at their job of catching mice, investors should flee...
by wastenot
Fri Aug 23, 2013 7:57 am
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 10918

Re: Gold and DJIA: What is going on?!

(gold) takes capital away from real returning assets. That's the problem. Gold pays no dividends, no interest and has no real growth. It is a storage of wealth if purchased at the right price (about $600 per ounce), it is not an investment that grows grow wealth Rick Ferri Here we go again. To para...
by wastenot
Thu Aug 22, 2013 7:06 pm
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 10918

Re: Gold and DJIA: What is going on?!

I can pan gold because it is a short-term trading vehicle, not a long-term buy and hold investment. And owning it takes away from cash producing stocks and bonds. If you're timing isn't right, you're stuck in a non-performing asset for 20 years. But Rick, just two postings ago you conceded that sto...
by wastenot
Thu Aug 22, 2013 6:02 pm
Forum: Investing - Theory, News & General
Topic: Gold and DJIA: What is going on?!
Replies: 137
Views: 10918

Re: Gold and DJIA: What is going on?!

Every investment that has a return over the inflation rate has periods when it underperforms the inflation rate; stocks, nominal bonds, real estate, TIPS, whatever. There is no investments that generate a real-risk free return every year. Rick Ferri Now, at long last, we seem to be making some prog...

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