Search found 657 matches

by trico
Thu Nov 15, 2012 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell and rebuy to avoid more taxes?
Replies: 10
Views: 900

Re: Should I sell and rebuy to avoid more taxes?

Capital gains might go up to 20% from 15% for high income tax payers, but it is not law yet. So I do not do my investing for tax reasons or loopholes. I invest for growth of my capital. I don't sell because taxes might go up, and going from 15% to 20% is not that big of deal anyway for buy and hold ...
by trico
Wed Nov 14, 2012 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: After the Election, the Stock Market has been Diving
Replies: 35
Views: 3947

Re: After the Election, the Stock Market has been Diving

My take on this is that the reason stocks are going down is not due to the elections, but it is about the violence in the Middle East, and the European economy going back into a another bad recession. None of these issues seems to be getting any better, and the news cycle keeps getting worse includi...
by trico
Wed Nov 14, 2012 6:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7393
Views: 1550540

Re: U.S. stocks in freefall

I have seen in my lifetime a lot of 30 year old's that woooo wee don't give a bleep in the homeless shelters in their 50's. I almost ended up there myself. So now at 60 I wooo wee do give a bleep.
by trico
Wed Nov 14, 2012 1:22 pm
Forum: Investing - Theory, News & General
Topic: How To Position Yourself For a Meltdown
Replies: 85
Views: 9385

Re: How To Position Yourself For a Meltdown

My 7-pt game plan is as follows. 1. Stay out of debt and pay no interest and fees. 2. Buy 1/2 of assets in annuities with guarantee lifetime income option. 3. Invest 1/2 with a balanced Vanguard portfolio. 4. Trust my government for my safety. 5. If #4 fails, move to Russia where they are building b...
by trico
Tue Nov 13, 2012 9:57 am
Forum: Investing - Theory, News & General
Topic: Does an annuity ever make sense ?
Replies: 38
Views: 3792

Re: Does an annuity ever make sense ?

I like EIA's. I bought one at 60 for $425000. At 65 I will receive $3283/mo for the rest of my life, without giving up the contract value. This with $2100/mo SS benefit at 66. So this will be $5383/mo for as long as I live. Upon my death the EIA can will go to my spouse as a survivor. This 425k was ...
by trico
Mon Nov 12, 2012 9:51 am
Forum: Investing - Theory, News & General
Topic: Does an annuity ever make sense ?
Replies: 38
Views: 3792

Re: Does an annuity ever make sense ?

There are three types of annuities. Variable Fixed indexed Variable leads the market by annual sales in the US. But Indexed annuities lead in the annual gain in sales of all annuities. So you need to do a lot of research in which on would be best. Fixed annuities have lagged in market sales the most...
by trico
Sat Oct 27, 2012 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

Yes you can go to Vanguard.com and get a quote for an SPIA for 5 years or you can go to Berkshire EZ quote and get a quote. Berkshire called them a period certain SPIA. You can enter in 5-yr-10-yr-20-yr or lifetime.
by trico
Sat Oct 27, 2012 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

we can put this one to rest.
by trico
Sat Oct 27, 2012 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

Please correct me if I am wrong. SPIA stands for single premium immediate annuity. Is this correct? Then if this is correct then they are offered in different maturities, just like bond funds.
by trico
Sat Oct 27, 2012 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

SPIA's can be set up as 5-10-15-20-lifetime. So my point being investing in any of these, guarantees you a very low interest rate for 5-10-15-20-lifetime. Not a good idea, as I said I may as well burn my money on u-tube and get some charity for it.
by trico
Sat Oct 27, 2012 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

John, one million invested in a SPIA for 5 years today gives you less than one million in return. That is the question. You may as well put a million in the bank earning less that 1%. But some bogleheads seem to think that that's ok, as long as I have one million dollars :?: at the end of 5 years. B...
by trico
Sat Oct 27, 2012 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Cash Accumulation Fund
Replies: 6
Views: 1919

Re: Cash Accumulation Fund

Only a government pension can offer such a outrageous return, and most of these end up in some sort of buyout or renig. But I would check it out with an attorney because if true you do good.
by trico
Sat Oct 27, 2012 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

John, last I knew a million air is a person that has $1,000,000.00 in the bank as cash. Cash today, not the next day but today. USA greenbacks, and not pesos or gold or real estate or nothin. CASH
by trico
Sat Oct 27, 2012 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

This agent at [link removed by admin LadyGeek] open my brains on annuities. He is great in explaining who should buy and who should not buy. If I only knew about this when I was 21, and wanting to invest. I would not just me a million air as is today, but a multi million air. Dang it.
by trico
Sat Oct 27, 2012 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

this thread, sorry
by trico
Sat Oct 27, 2012 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

dpbsmith, this tread is about annuities and not about what larryswhatever thinks of them. I bought an annuity after doing my research on [link removed by admin LadyGeek] , and am happy with my purchase. I am only saying when purchasing one, you need to do more research than you think, and what bette...
by trico
Sat Oct 27, 2012 9:23 am
Forum: Personal Finance (Not Investing)
Topic: The lowdown on annuities
Replies: 37
Views: 3308

Re: The lowdown on annuities

You can learn about annuities of all types from someone who is a former annuity agent. Go to [link removed by admin LadyGeek], I did, and ended up buying an EIA.
by trico
Sat Oct 27, 2012 8:48 am
Forum: Personal Consumer Issues
Topic: Picking a new HD TV
Replies: 19
Views: 2237

Re: Picking a new HD TV

I thought this was an investment site. Not a Shop.com or Amazon.com site. So whats up with this dudes?
by trico
Fri Oct 26, 2012 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Decision Time -- Take Lump Sum or Pension -- HELP!!!
Replies: 17
Views: 1681

Re: Decision Time -- Take Lump Sum or Pension -- HELP!!!

Seems like a lot of your investments are in IRA's that will be taxed when taken out. With your assets the way you state, it might be worth your time and money to seek out a fee only financial planner.
by trico
Fri Oct 26, 2012 3:08 pm
Forum: Investing - Theory, News & General
Topic: market drops but not all the news is bad
Replies: 16
Views: 2348

Re: market drops but not all the news is bad

Levett, Your right about markets go up and down. That is why most people are in bad shape for retirement. House prices go up and down too. So why buy into these type of investments that have market risks? Why not buy into an investment that can go up but cannot go down? That why I buy EIA.
by trico
Sun Oct 21, 2012 8:55 am
Forum: Investing - Theory, News & General
Topic: Bonds are for safety.
Replies: 47
Views: 6526

Re: Bonds are for safety.

That's why EIA's (Equity Indexed Annuities) are a good choice, especially for someone in their 30's -40's. Tax deffered growth with no downside potential loss of capital, and a percentage of any upside. I bought one last year from AEL, and the purchase price was $425000 and in one year the contract ...
by trico
Sat Oct 20, 2012 9:16 am
Forum: Investing - Theory, News & General
Topic: 401K doing 15.37 percent for the year
Replies: 22
Views: 2179

Re: 401K doing 15.37 percent for the year

Its been a long time coming. Beware though that what goes up will come down. Might be time to re-balance hey?
by trico
Fri Oct 19, 2012 9:23 pm
Forum: Investing - Theory, News & General
Topic: Remembering the Crash of 1987
Replies: 66
Views: 7965

Re: Remembering the Crash of 1987

I think the stats show the period of 1931 was worst, more than 1929, 1987 crash, 2001 bear market and 2008 bear market. Please correct me if I am wrong.
by trico
Thu Oct 18, 2012 9:28 am
Forum: Personal Consumer Issues
Topic: New windows for home- which brand?
Replies: 42
Views: 18708

Re: New windows for home- which brand?

My experience with this is to buy windows from a manufacture that will be in business in 10 years. Because if you need replacement parts and the company is out of business, your out of luck. Also some manufactures have nice sales, only to discontinue the particular windows soon after, making it impo...
by trico
Tue Oct 16, 2012 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Parents Who Did Not Plan
Replies: 26
Views: 3768

Re: Elderly Parents Who Did Not Plan

Life is not fair. But for those that do not plan finances, life seems unbearable. When you get old its too late for most folks, so they rely on their children for help. But one positive thing that comes out of a situation like this is that families can come together and make things better, and even ...
by trico
Sun Oct 14, 2012 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Social Security
Replies: 29
Views: 2443

Re: Investing Social Security

I always here people say delaying SS until 70 is your best choice, but I never here them say what the result is, delaying SS until 70 then to die at age 74.
by trico
Sun Oct 14, 2012 10:57 am
Forum: Investing - Theory, News & General
Topic: I got sideswiped today by co-workers on this subject
Replies: 58
Views: 7009

Re: I got sideswiped today by co-workers on this subject

What does your written financial plan tell you what to do?
by trico
Thu Oct 11, 2012 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: The Long-Term Care Insurance Gamble
Replies: 81
Views: 5878

Re: The Long-Term Care Insurance Gamble

My new plan is to jump off a tall building before I go into a nursing home. But I will have a heck of a party first to do the spend down of assets.
by trico
Thu Oct 11, 2012 11:33 am
Forum: Investing - Theory, News & General
Topic: Rich ‘Dad,’ bankrupt Dad
Replies: 18
Views: 4275

Re: Rich ‘Dad,’ bankrupt Dad

Big daddy is bankrupt too. But he can print more money. I am trying to get my printer to print money but it doesn't seem to work.
by trico
Wed Oct 10, 2012 9:47 am
Forum: Investing - Help with Personal Investments
Topic: HPQ - falling stock
Replies: 24
Views: 2008

Re: HPQ - falling stock

Just to give you an example, I bought some stock in Amazon during the internet bubble in the $80.00 range, in which I saw it fall into the 20's and kind did the panic thing and sold. Now look at the stock in the 200's. So no person knows what going to happen, it could go to 0 if they go bankrupt. Th...
by trico
Mon Oct 08, 2012 9:00 am
Forum: Personal Consumer Issues
Topic: Is Long Term Care Insurance worth buying?
Replies: 37
Views: 2142

Re: Is Long Term Care Insurance worth buying?

Also I forgot to say also that, we have no kids to leave and inheritance to, which makes a big difference in planning for medicaid spend down provisions.
by trico
Mon Oct 08, 2012 8:53 am
Forum: Personal Consumer Issues
Topic: Is Long Term Care Insurance worth buying?
Replies: 37
Views: 2142

Re: Is Long Term Care Insurance worth buying?

I am going to make sure my wife and I have enough money to pay a years worth of nursing home costs out of pocket, so we can check into a nice facility and pay on our own. If and when we run out of money we will apply for medicaid. This way the nice facility cannot kick us out into a medicaid only fa...
by trico
Fri Oct 05, 2012 11:09 am
Forum: Investing - Theory, News & General
Topic: Exit from Stocks WSJ
Replies: 39
Views: 5156

Re: Exit from Stocks WSJ

The stock market has been up and down ever sense it inception, and knowing when that happens has been impossible to time. I used to subscribe to the market timing theory, in that the professionals with computer programs could figure out when the market was going to go down and then sell your stocks....
by trico
Thu Oct 04, 2012 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity for 81 year old
Replies: 17
Views: 2366

Re: Variable Annuity for 81 year old

Variable annuities are usually sold to folks a lot younger. The advantage is for long term growth of capital, and to not be taxed on the gain until taken out. So selling one to a 81 year old person makes no sense, unless this person expects to work until 95 and live to 115. So this person trying to ...
by trico
Thu Oct 04, 2012 5:46 pm
Forum: Personal Consumer Issues
Topic: Why your rewards card is killing the economy
Replies: 22
Views: 1855

Re: Why your rewards card is killing the economy

I was a small business owner who accepted credit cards. And even though I had to pay a fee, I was happy to get paid at the time of sale. The real risk was not being able to collect your accounts receivable. So credit cards were like cash to me.
by trico
Thu Oct 04, 2012 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: My portfolio is an abstract, ethereal concept to me
Replies: 26
Views: 2239

Re: My portfolio is an abstract, ethereal concept to me

My problem is kind of the same thing but different in some ways. I have saved and invested for many many years, and was taught to be a frugal person. So now today I retired early at 59, and I don't know how I am going to spend all of this money that I have saved. I am having a terrible time spending...
by trico
Tue Oct 02, 2012 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bill Gross article
Replies: 19
Views: 2926

Re: Bill Gross article

After 2008 I have been allocating into real assets like he talks. I have been allocating into Gold, Real Estate, Art, Annuities, and have been selling down stocks and bonds. I am no under 10% in stocks in a 2 million dollar portfolio, the lowest ever for me.
by trico
Thu Sep 27, 2012 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Paying down a mortgage vs contributing to retirement account
Replies: 41
Views: 3788

Re: Paying down a mortgage vs contributing to retirement acc

I paid off our mortgage in my 50's after paying a monthly payment for 20 years. I can tell you there are positive emotional aspects to having the mortgage monkey off of your back, weather it makes economic sense or not. I do think that with interest rates so low, paying it off makes more sense now a...
by trico
Wed Sep 26, 2012 7:47 pm
Forum: Investing - Theory, News & General
Topic: Can you survive by not watching your money grow anymore?
Replies: 23
Views: 2889

Re: Can you survive by not watching your money grow anymore?

Yes, who thought the whole world would be in chaos when you retired, and now that you are retired, you only want to live in a bunker 2000 ft below the earths surface?
by trico
Wed Sep 26, 2012 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Helping a friend - MetLife/Fidelity Growth/Guaranteed Income
Replies: 10
Views: 1732

Re: Helping a friend - MetLife/Fidelity Growth/Guaranteed In

There is also a good website to see if an annuity would be good. Its at [link removed by admin LadyGeek].
by trico
Wed Sep 26, 2012 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Helping a friend - MetLife/Fidelity Growth/Guaranteed Income
Replies: 10
Views: 1732

Re: Helping a friend - MetLife/Fidelity Growth/Guaranteed In

You need to find out for sure what type of annuity this is. It could be a EIA with a GLIBR. This would help determine a lot. For instance annuities are good for tax deferred growth and not so good in a 401k. Sounds to me she might be too old for an annuity to help that much, because of the surrender...
by trico
Wed Sep 26, 2012 9:31 am
Forum: Investing - Theory, News & General
Topic: The Glidepath Illusion (it doesn't work)
Replies: 133
Views: 14124

Re: The Glidepath Illusion (it doesn't work)

E=MC2 divided by the opposite of target date retirement 2010 x pie squared = $210000.00 at retirement. This is why I buy EIA annuities.
by trico
Wed Sep 26, 2012 9:10 am
Forum: Investing - Theory, News & General
Topic: Do You Invest in Vanguard Treasury Bond Funds?
Replies: 29
Views: 3254

Re: Do You Invest in Vanguard Treasury Bond Funds?

For this Japan like economy, I have bought the Vanguard Extended Duration Treasury ETF. These are 25 year duration strip securities, issued by the US Treasury Department.
by trico
Tue Sep 25, 2012 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: CDs purchased through Vanguard Brokerage
Replies: 7
Views: 1073

Re: CDs purchased through Vanguard Brokerage

Brokered CD's even though sold by a bank, have market risks to the principal, like a bond would have. The market price will go up and down with interest rates. This is not like buying a CD from a bank directly. You have market risks and brokered risks. But if you think interest rate are going lower ...
by trico
Thu Sep 20, 2012 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking Cyber Attacks
Replies: 13
Views: 1644

Re: Online Banking Cyber Attacks

The Reuters article said that the bank group investigating this are saying that they are getting denial of service attacks. The group claiming to be doing this is due to the internet u-tube video of the Muhammad. But this group could just be claiming this.
by trico
Thu Sep 20, 2012 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Online Banking Cyber Attacks
Replies: 13
Views: 1644

Re: Online Banking Cyber Attacks

Then what happens if Vanguard get hit with a cyber attack and you cannot access your account? I guess you could call Vanguard on the phone and do a transfer, but what happens when the phone system gets hacked at the same time?
by trico
Thu Sep 20, 2012 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Online Banking Cyber Attacks
Replies: 13
Views: 1644

Online Banking Cyber Attacks

Last evening I viewed an article on Reuters about the banking industry warning of new cyber attacks at the big banks like Bank of America and Chase. I noticed a hard time logging into my Chase Online account yesterday and today I can't log in at all. I do my online banking at Chase. I knew we we all...
by trico
Mon Sep 17, 2012 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners' insurance - is it worth it?
Replies: 59
Views: 10947

Re: Homeowners' insurance - is it worth it?

The way I look at this is. 35 years at 450 per year is 15750. So that is about one hail storm claim, which is a roof and some siding or deck. So you are special in that you don't have a claim, but I thing most people have a claim in 35 years. If you have a fire your claim could be 225000. So you can...
by trico
Mon Sep 17, 2012 8:15 am
Forum: Investing - Theory, News & General
Topic: Why Rates Went Up?
Replies: 16
Views: 2342

Re: Why Rates Went Up?

Vanguard released a study not too long ago about this subject. They said that an increase in inflation expectations benefits bond holders that plan on holding onto their bonds. This is because the rise in yields will outweigh the loss in principal. This happens to benefit bond holders over a period ...
by trico
Fri Sep 14, 2012 6:30 pm
Forum: Investing - Theory, News & General
Topic: Adjusting asset allocation because of the FED?
Replies: 30
Views: 3007

Re: Adjusting asset allocation because of the FED?

Yes the bond market has reacted negatively after this announcement , because they are buying mortgage securities and not treasury securities. I guess this is to get the housing market going and maybe bring construction jobs back. I think the bond market is doing what the stock market does sometimes,...