Search found 778 matches

by TrustNoOne
Tue Apr 03, 2012 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: My Treasury Direct experience
Replies: 39
Views: 5320

Re: My Treasury Direct experience

I have had a few problems with T-direct, but generally overcame them. I'm not a professional ITguy, but use computers a lot. As for the problem of remembering passwords, and security question answers, there is a very simple solution - I have a file which I keep on a jump drive that has my passwords,...
by TrustNoOne
Sun Mar 04, 2012 4:14 pm
Forum: Investing - Theory, News & General
Topic: Why not be a real Boglehead
Replies: 69
Views: 5742

Re: Why not be a real Boglehead

It appears from reading this and other threads are that the reasons for not being a "real Boglehead" appear to be "I'm different", "I don't need to be simple", "I have a better idea", and "he's wrong about x (age in bonds), y (international), or z (gold.)...
by TrustNoOne
Thu Feb 16, 2012 2:37 pm
Forum: Investing - Theory, News & General
Topic: Even John Paulson can't predict the market
Replies: 12
Views: 1213

Re: Even John Paulson can't predict the market

I had the good fortune to have an audience this morning (along with a bunch of other people) with Bill Gross on the trading floor at PIMCO. He talked a bit about the bad call on treasuries last year. Said they did a lot of research, a lot of analysis, and got it wrong. On the other hand, he discuss...
by TrustNoOne
Wed Feb 15, 2012 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Jeremy Lin is a Boglehead...
Replies: 42
Views: 5507

Re: Jeremy Lin is a Boglehead...

Probably a good thing he did not have the Tiger Mother lady as his mom. She'd have never let him play basketball, when he could have been studying. BTW - my wife is Chinese as well. First real interest in an NBA player in ages, if not ever. I just wish he has a sister somewhere for our Atlanta Dream.
by TrustNoOne
Wed Feb 15, 2012 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do I need in retirement?
Replies: 143
Views: 20571

Re: How much money do I need in retirement?

I am a bit surprised at how many of the answers use the 4%/25x rule. Its a bit ironic that one would compute the spending/withdrawel requirements to great detail then throw in the 4%/25 rule as if it were fixed in stone. The reality is that one could probably make an equally credible case for anythi...
by TrustNoOne
Tue Jan 31, 2012 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why do people think different when buying housing?
Replies: 89
Views: 5832

Re: Why do people think different when buying housing?

I don't agree with the premise of this question. When we bought our house the process was pretty much like everything else - find the best deal on the choices that met our requirements. It was far less than we could have afforded, just like a TV, car or the like. We paid cash for it, pretty much jus...
by TrustNoOne
Tue Jan 03, 2012 10:17 am
Forum: Investing - Theory, News & General
Topic: 85% of investor decisions are wrong
Replies: 30
Views: 2654

Re: 85% of investor decisions are wrong

I wonder if the 85% wrong decisions includes the decision a person makes each month when they put their money into their 401k?

In any case, if 85% of investor decisions are wrong, my suggestion would be the not make any decisions.
by TrustNoOne
Wed Dec 21, 2011 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: When do you not invest?
Replies: 23
Views: 2624

Re: When do you not invest?

When the rate of return is lower than my cost of capital. Would you invest in something that returned 1% if your cost of capital was 5%? So what is my cost of capital? I've never been able to figure that out. I don't have any debt, so I never borrow. A related question is what is my discount rate? ...
by TrustNoOne
Sun Dec 18, 2011 10:47 pm
Forum: Investing - Theory, News & General
Topic: Pascal’s Wager, religion, and investing advice
Replies: 83
Views: 6052

Re: Pascal’s Wager, religion, and investing advice

So, there are two possibilities. 1.) My lucky rabbit's foot will bring me wealth and prosperity. 2.) My lucky rabbit's foot will be no benefit at all. So according to Pascal, I should carry it around wherever I go, since there is little negative consequence if it doesn't work, and a high positve ben...
by TrustNoOne
Thu Dec 15, 2011 7:40 pm
Forum: Investing - Theory, News & General
Topic: Gold continues to fall
Replies: 178
Views: 18095

Re: Gold continues to fall

I keep waiting for salt to come back as an investment. It was used for money for quite some time. Its a real physical mineral not paper money. And unlike gold, you its useful. You can eat it. You need to eat it. If really just a different form of money......
by TrustNoOne
Mon Dec 12, 2011 1:32 pm
Forum: Investing - Theory, News & General
Topic: I just want to say four words to you
Replies: 18
Views: 2170

Re: I just want to say four words to you

One word - PLASTICS
by TrustNoOne
Fri Dec 09, 2011 5:48 pm
Forum: Investing - Theory, News & General
Topic: If risk = return why aren't you buying European bonds?
Replies: 56
Views: 3672

Re: If risk = return why aren't you buying European bonds?

I actually think they are Spanish or Italian bonds are much lower risk than US Stocks for a ten year period. If they default, (or reschedule) one probably doens't get the 7% over the next ten years, but you might get 0-6%. If they defualt, however, US stocks will almost certainly fall by a lot more ...
by TrustNoOne
Sun Dec 04, 2011 7:13 pm
Forum: Personal Consumer Issues
Topic: You get what you pay for
Replies: 42
Views: 3354

Re: You get what you pay for

How about financial advice? You can pay a lot of money for bad advice, or go to Bogleheads, and get it for free. (Or for the price of a the book.)
by TrustNoOne
Thu Nov 24, 2011 8:02 am
Forum: Personal Consumer Issues
Topic: Ethics poll--"Sell you a new Lincoln for a quarter"
Replies: 49
Views: 5148

Re: Ethics poll--"Sell you a new Lincoln for a quarter"

Redfive wrote:Connie will grow up to be a fine politician.


I was going to say investment banker.
by TrustNoOne
Sun Nov 20, 2011 11:17 am
Forum: Investing - Theory, News & General
Topic: Safe withdraw rates, recent WSJ article
Replies: 24
Views: 3271

Re: Safe withdraw rates, recent WSJ article

I plan to retire once I've solved the SWR problem.
by TrustNoOne
Sat Nov 19, 2011 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing With Financially Negligent Parents/In-Laws?
Replies: 51
Views: 10371

Re: Dealing With Financially Negligent Parents/In-Laws?

There are some cases where just managing the money people have is not going to solve the problem. These people are close to retirement age, and pretty clearly have not got anywhere near enough to handle it at least in their current lifestyle. Their only solution is to contiunue to work as long as po...
by TrustNoOne
Fri Nov 18, 2011 1:45 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard listed as an executive pay enabler?
Replies: 92
Views: 7607

Re: Why is Vanguard listed as an executive pay enabler?

I wonder if anybody at Vanguard even reads most of the proxy statements they receive on our behalf. Probably not. That's my read. In this case, being a "low cost" fund Company may work in the direction of not paying people to read all those proxy statements (or if they are required to rea...
by TrustNoOne
Fri Nov 18, 2011 11:55 am
Forum: Investing - Theory, News & General
Topic: What ever happened to all the "bond bubble" posts?
Replies: 89
Views: 6509

Re: What ever happened to all the "bond bubble" posts?

What happened to the bond bubble posts? I think the situation is analogous to fish. It is said that fish cannot recognize water. They can't imagine a world without it. Likeswise, we have grown so accustomed to low interest rates that the bond bubble is no longer visible. And after all, this is not a...
by TrustNoOne
Sat Nov 12, 2011 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard not-so-boglehead-ish "improvement"
Replies: 27
Views: 3489

Re: Vanguard not-so-boglehead-ish "improvement"

It was just a short time ago I recall reading that Vanguard had just introduced an International Bond Index fund. The next day I saw an ad saying "Vanguard doesn't do something just because its trendy" or something like that. Face it - Vanguard is just like all the other fund companies now.
by TrustNoOne
Sat Nov 12, 2011 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Letter from IRS. They say I owe $13k!
Replies: 37
Views: 6423

Re: Letter from IRS. They say I owe $13k!

I just resolved the same type of issue. Got a notice from them saying I owed $0.00 and didn't have to do anything more. In my case, the security sale was listed on a supplemental page of Sched D. I filed electronically, so maybe it wasn't sent - I don't know. I also noticed that the name I used for ...
by TrustNoOne
Tue Nov 08, 2011 6:27 pm
Forum: Investing - Theory, News & General
Topic: a what rates does borrowing money to invest make sense?
Replies: 51
Views: 3201

Re: a what rates does borrowing money to invest make sense?

Borrowing to invest is a good way to get into a lot of financial trouble. Its not the interest rate that makes borrowing to invest risky. Its the fact that a person can acquire far more risk than they have in assets. Just go down to you local branch of Lehman Brothers and ask them about it.
by TrustNoOne
Fri Nov 04, 2011 7:49 am
Forum: Investing - Theory, News & General
Topic: Why GNMA's are a bad deal
Replies: 53
Views: 5612

Re: Why GNMA's are a bad deal

Just thinking about mortgages in general, it seems to me that the terms are favorable for the borrower/homeowner. One thing, why does Vanguard GNMA fund ( VFIIX ) have YTM of 2.9% when mortgage rates are 4% ? I've wondered about that as well. The only thing I could think of was that there have to b...
by TrustNoOne
Fri Oct 21, 2011 7:35 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect Wakes to 21st Century
Replies: 34
Views: 6750

Re: TreasuryDirect Wakes to 21st Century

The old (current) process was a bit annoying, but it was secure. I actually wish the big fund companies would use some of the same approach. Having the "keyboard" which you used to enter letters via mouse seemed like a good idea. Hopefully, it will be an improvement and just as secure.
by TrustNoOne
Thu Oct 20, 2011 2:10 pm
Forum: Personal Consumer Issues
Topic: 2 Weeks in China (Beijing + Hong Kong): What Should I Know?
Replies: 29
Views: 2047

Re: 2 Weeks in China (Beijing + Hong Kong): What Should I Kn

Don't bring anything with you that shows Taiwan as an independant country. (e.g. travel guide, map, etc.) Don't bring any drugs. Don't break the law. (But then you probably knew that already.) Don't expect the same web. (They don't call it the Great Firewall of China for nothing.) Realize that the t...
by TrustNoOne
Thu Oct 20, 2011 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend is an heiress, who should pay?
Replies: 197
Views: 17307

Re: Girlfriend is an heiress, who should pay?

My wife and I did the long distance thing before we got married. It seems to me that a ld relationship will end up forcing some decisions. We decided to get married, and move together. It may be time to make a decision.
by TrustNoOne
Thu Oct 20, 2011 1:20 pm
Forum: Investing - Theory, News & General
Topic: Gold vs. Bonds as an Asset Allocation Hedge
Replies: 24
Views: 3173

Re: Gold vs. Bonds as an Asset Allocation Hedge

I don't think there has been nearly as much research on gold as part of an overall portfolio as the case for stocks and bonds. I'd be intersted in seeing what it does to SWR's, for ex.
by TrustNoOne
Wed Oct 19, 2011 9:55 am
Forum: Investing - Theory, News & General
Topic: Gold's Expected Return
Replies: 97
Views: 8967

Re: Gold's Expected Return

Scary thought - no species has survived except for the ones currently living (which, for the most part have survived for only a tiny fraction of all time.)

Golds' value as undefined makes sense. A good way to say "I don't know and no one who is honest about knows either."
by TrustNoOne
Sun Oct 16, 2011 6:51 am
Forum: Investing - Theory, News & General
Topic: Is stock picking a dying art?
Replies: 38
Views: 2724

Re: Thank you active investors

I thought an accepted theory was that "stock pickers" diligently analyze stocks so as to create an "efficient market" which prices stocks "correctly", which indexing strategies inherently rely on for market-cap weighted indexing to be a good strategy. So if there weren...
by TrustNoOne
Fri Oct 14, 2011 12:34 pm
Forum: Investing - Theory, News & General
Topic: Thinking of changing asset allocation?
Replies: 5
Views: 1000

I think you raise a good question, more generally stated as "Is enlightenment a good reason for changing one's asset allocation?" There have been lots of threads saying one should, better, or must invest in gold, REITs, international, commodities, etc, etc, etc. And there have probably bee...
by TrustNoOne
Fri Oct 14, 2011 7:40 am
Forum: Investing - Theory, News & General
Topic: Gold's Expected Return
Replies: 97
Views: 8967

I suspect the argument that gold has zero expected return stems from the Discounted Cash Flow model. The DCF model says that the expected return of an asset is the Dividend Yield Plus Growth Rate. Growth rate being growth in dividends or earnings. For gold, both are zero. 0=0+0. QED Then again, its ...
by TrustNoOne
Thu Oct 13, 2011 7:18 am
Forum: Personal Finance (Not Investing)
Topic: College Degree in Something Practical...
Replies: 141
Views: 11147

There is some scholarly research which really pin points this issue of unemployment among young people as part of a larger problem which our educations systems have really failed to address.


http://users.erols.com/geary/psychology/publication.htm
by TrustNoOne
Wed Oct 12, 2011 2:39 pm
Forum: Personal Consumer Issues
Topic: Cracked windshield -- how to proceed?
Replies: 33
Views: 6627

I asked a glass installer about it. I was out of town and wanted to know if it was safe to drive back home 500 miles away. He said it was mainly a cosmetic/visibility issue -beyond that safety is not a major issue. The argument about what happens in a wreck seems like a double worst case scenario. A...
by TrustNoOne
Wed Oct 12, 2011 9:26 am
Forum: Investing - Theory, News & General
Topic: Foreign Exchange Question
Replies: 5
Views: 521

Thanks to all. I appreciate all the good suggestions.
by TrustNoOne
Wed Oct 12, 2011 6:24 am
Forum: Investing - Theory, News & General
Topic: Foreign Exchange Question
Replies: 5
Views: 521

Foreign Exchange Question

My daughter has been working on S. Korea for over a year. She will be coming home next March and will have managed to save some money, maybe ~$10,000 US by that time. Since she is paid in won and her bank account is in won she will have to convert it to US $ at that time. I noticed in our recent tri...
by TrustNoOne
Wed Oct 12, 2011 6:18 am
Forum: Personal Consumer Issues
Topic: Welcome to Bogleheads? Why did you make your first post?
Replies: 46
Views: 4831

I don't remember my first post, or why I made it. Chances are I felt like arguing about something.
by TrustNoOne
Wed Oct 12, 2011 6:17 am
Forum: Investing - Theory, News & General
Topic: to DCA or not to DCA???????????
Replies: 24
Views: 1922

Re: to DCA or not to DCA???????????

I have some new money, and was wondering whether or not I should dollar cost average in? my heartfelt thanks ; ) LH This reminds me of when I was a kid, we took swimming lessons, first thing in the morning. The water was very cold. Now, you really did know that just jumping in was better because yo...
by TrustNoOne
Sat Oct 08, 2011 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: The Amish largely untouched by U.S. financial crisis
Replies: 60
Views: 7607

Culture wrote:
Kulak wrote:http://www.youtube.com/watch?v=lOfZLb33uCg


Came here for this; left satisfied.


Beat me to it.
by TrustNoOne
Fri Oct 07, 2011 7:25 am
Forum: Investing - Theory, News & General
Topic: Finally! Can we lay DCA to rest and ban this topic forever?
Replies: 501
Views: 37489

it will never go away because you'll always have a mix both logical and emotional investors, and you can't force someone to be logical. you'll always have people that understand portfolio management and those who cannot or will not , and instead implement various timing tricks to try and manage ris...
by TrustNoOne
Fri Oct 07, 2011 6:53 am
Forum: Personal Consumer Issues
Topic: math major
Replies: 61
Views: 5355

I had a double major Math and Physics, and got an MS in Physics in the 70's. At the time, it didn't seem like job opportunties were all that great for either field. However, my career has turned out fine - but has little to do with either subject. I would say that engineering probably is a lower ris...
by TrustNoOne
Fri Oct 07, 2011 6:42 am
Forum: Investing - Theory, News & General
Topic: Scrooge McDuck Versus John C. Bogle?
Replies: 16
Views: 2704

I'm with Scrooge. Or at least my DW says I'm a Scrooge.
by TrustNoOne
Thu Oct 06, 2011 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold
Replies: 58
Views: 8764

Neither fund is a good way to invest in gold per se. The Vanguard fund invests in mining companies. The other fund, I don't know what it does, but it costs 1.42%, so who cares? If she is looking to invest in a fund that tracks the price of gold, the easiest way to do that is via a low-cost ETF such...
by TrustNoOne
Wed Oct 05, 2011 6:57 pm
Forum: Investing - Theory, News & General
Topic: Long Term Treasury Bonds are about to die
Replies: 43
Views: 9474

LT bonds didn't die but it has had some pretty big dips and spikes in prices. Not for the faint hearted.
by TrustNoOne
Wed Oct 05, 2011 11:52 am
Forum: Investing - Help with Personal Investments
Topic: What if Eurozone dissolves?
Replies: 18
Views: 2125

The economist wrote about the possible impact of a Euro-zone breakup a few issues back. The article is here: The costs of break-up http://www.economist.com/node/21529046 A recent study by economists at UBS, a Swiss bank, suggested that the costs in each of these eventualities [either Germany leavin...
by TrustNoOne
Sun Oct 02, 2011 9:41 am
Forum: Investing - Theory, News & General
Topic: Are we all wrong on taxes and asset location?
Replies: 22
Views: 3632

You might question his choices of assets, but location has to be determined first by space available. If you have $2 million in assets, its not out of the question that half would be in taxable and half in tax deferred retirement accounts such as an IRA. If you have $100 million in assets, it seems ...
by TrustNoOne
Sun Oct 02, 2011 7:02 am
Forum: Personal Consumer Issues
Topic: Should you teach your kids Chinese?
Replies: 67
Views: 5692

I'm not sure I would bother, unless you or your spouse speaks Chinese. And I say this as someone who grew up in a mandarin-speaking household. Sure, your child may learn some Chinese words and tones by having a Chinese nanny . But unless you or your spouse also speak Chinese, your child will find f...
by TrustNoOne
Sun Oct 02, 2011 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Expense ratio avg in your portfolio
Replies: 39
Views: 3438

How do you compute the expense ratio for Tresusry bonds, or CDs? At Fido they have no commissions. At Vanguard they do for Treasuries, but do you apply them the year you purchased, or amortize over the life of the bond? What about spreads?
by TrustNoOne
Sun Oct 02, 2011 6:15 am
Forum: Investing - Theory, News & General
Topic: The decline of the Schwhinn Bicycle Company
Replies: 52
Views: 7370

I suspect that the problems of Schwin, Kodak and the US auto industry are due to thier great success over the years. If a business is doing great for decades, the mentaility is to keep doing what's been working. Management becomes entrenched in the corporate culture, philopsphies and dogma's. They h...
by TrustNoOne
Sat Oct 01, 2011 6:55 am
Forum: Investing - Theory, News & General
Topic: Why not 100/100 asset allocation
Replies: 234
Views: 21726

I'm assuming that over the long run equities will outperform. This has been shown to be true according to the data. Granted, no one can predict the future and bad things do happen [Japan]. But if you play the odds, equities will always outperform. I'm afraid this really does not make sense. First y...
by TrustNoOne
Sat Oct 01, 2011 6:43 am
Forum: Personal Consumer Issues
Topic: Should you teach your kids Chinese?
Replies: 67
Views: 5692

I doubt the idea of hiring a nanny will work. My wife is Chinese, and says that when she was little she mainly spoke the language (Cantonese) because here grandmother was her main caregiver. But she lost it, almost completely once she went to school. To maintain fluency one really needs to speak a l...
by TrustNoOne
Sat Oct 01, 2011 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Did you love your work?
Replies: 52
Views: 5493

In my case, I would say its more like an abusive relationship than actual love.