Search found 566 matches

by hewhomustnotbenamed
Mon Jul 06, 2009 6:39 pm
Forum: Personal Investments
Topic: Is it possible to be saving too much?
Replies: 60
Views: 10626

Re: Is it possible to be saving too much?

You mentioned the gym and this would be a place to network with others in your age group. Are you athletic?.... join a group sport, or coach a youth group on the weekends - or both. Please, please, please not yet another person trying to talk in the middle of a set at the gym, while I am trying to ...
by hewhomustnotbenamed
Sun Jul 05, 2009 11:31 pm
Forum: Investing - Theory, News & General
Topic: Michelle Singletary on asset allocation
Replies: 24
Views: 3464

Guess I should not have omitted the :wink: .

I get the impression of an very sensitive belief so I'm done
by hewhomustnotbenamed
Sun Jul 05, 2009 10:44 pm
Forum: Investing - Theory, News & General
Topic: Michelle Singletary on asset allocation
Replies: 24
Views: 3464

High schools and college should require general business and personal finance courses rather than music and art. What an absolute waste. Those are hobbies. Business and finance is a part of everybody's life. Respectfully disagree. For many students, the world would be nearly incomprehensible withou...
by hewhomustnotbenamed
Sun Jul 05, 2009 10:38 pm
Forum: Personal Investments
Topic: Is it possible to be saving too much?
Replies: 60
Views: 10626

saving too much?

PM me when you have accumulated so much money that it's burden on you or just reply to the overly generous person from Nigeria who just emailed you last week.
by hewhomustnotbenamed
Sun Jul 05, 2009 10:31 pm
Forum: Personal Investments
Topic: Motley Fool's new mutual fund
Replies: 38
Views: 10986

Motley Fool:
I give'm an A+ for truth in labeling or is that a description of their customers?
by hewhomustnotbenamed
Sun Jul 05, 2009 4:48 pm
Forum: Investing - Theory, News & General
Topic: Michelle Singletary on asset allocation
Replies: 24
Views: 3464

Re: Finance education in high school ?

Many lack understanding of proper asset allocation. Some school districts are starting to offer some finance education in high school. A very good idea! I agree in principle. But until school districts come up with reasonable 403b options, I don't think they have demonstrated that they are qualifie...
by hewhomustnotbenamed
Sun Jul 05, 2009 4:10 pm
Forum: Investing - Theory, News & General
Topic: Michelle Singletary on asset allocation
Replies: 24
Views: 3464

chaz wrote:Many lack understanding of proper asset allocation. Some school districts are starting to offer some finance education in high school.
Now that's either truly scary or bursting at the seams with conflicts of interest.
by hewhomustnotbenamed
Sun Jul 05, 2009 3:49 pm
Forum: Investing - Theory, News & General
Topic: The current financial crisis and you
Replies: 43
Views: 5896

Financial Crisis, what crisis?

My AA has changed from 80% cash 20% EM to 150% EM 25% cash.
by hewhomustnotbenamed
Sun Jul 05, 2009 2:28 pm
Forum: Investing - Theory, News & General
Topic: J.B. Quinn on Calif. bonds
Replies: 2
Views: 1163

by hewhomustnotbenamed
Sat Jul 04, 2009 11:20 am
Forum: Investing - Theory, News & General
Topic: It Smells Like Deflation
Replies: 72
Views: 10826

Hey grayfox, Be careful what you wish for. You may get it. Here are some of the things you get with Japanese-style deflation. Stock market losses averaging over 6% per year. (The Japanese stock market today is below its level of 25 years ago and is far less than half its level of 20 years ago.) Ave...
by hewhomustnotbenamed
Fri Jul 03, 2009 6:17 pm
Forum: Investing - Theory, News & General
Topic: To Those Of You Holding "Weird" Mutual Funds: Why?
Replies: 26
Views: 4442

Re: To Those Of You Holding "Weird" Mutual Funds:

A simple question to those of you holding non-standard Boglehead funds: Why do you do it? Is it because of limitations in an employer sponsored plan? Is it because of a mistake made long ago and now you have too much in capital gains to sell and transfer? (not likely after 2008!) Is it you because ...
by hewhomustnotbenamed
Fri Jul 03, 2009 6:02 pm
Forum: Investing - Theory, News & General
Topic: It Smells Like Deflation
Replies: 72
Views: 10826

Deflation a problem? OH Puhleeze the only deflation I've seen is in my income.


So yeah, serve me up a healthy portion please.

Thanks.
by hewhomustnotbenamed
Thu Jul 02, 2009 10:12 pm
Forum: Investing - Theory, News & General
Topic: Genocide-free' proposal rejected at Vanguard
Replies: 13
Views: 2526

What's supposedly so profitable about genocide that we should seek to avoid it in our investments?

I don't get it.

If it's not profitable, then it should be a self limiting financial activity anyway.
by hewhomustnotbenamed
Sat Jun 27, 2009 7:42 pm
Forum: Personal Consumer Issues
Topic: How educated are the bogleheads? (Poll on highest education)
Replies: 84
Views: 14591

It takes a herd of brilliant guys including two Nobel Laureates (in economics) to manage to pull off the Long-Term Capital Management disaster of 1998. I don't think they can retroactively revoke Nobel prizes even after you clearly prove you're not nearly as smart as you thought. It's take genius l...
by hewhomustnotbenamed
Sat Jun 27, 2009 5:36 pm
Forum: Investing - Theory, News & General
Topic: The Truth about Tracking Error TSM vs SV vs S&D
Replies: 416
Views: 43800

Mel - there you go.. http://i41.tinypic.com/kaic9f.gif Beat the heck out of the Market, sailed thru Bubbles with ease, simple and gets the job done. What's not to love !!! Where do I send the check? :moneybag Just kidding :beer I really do appreciate your effort , and will revisit this when I want ...
by hewhomustnotbenamed
Sat Jun 27, 2009 2:52 pm
Forum: Investing - Theory, News & General
Topic: Study: Average investors' 20-yr real return = Negative 1.22%
Replies: 44
Views: 7871

If you assume that the ordinary investor can't pick stocks or time the market, then, ignoring costs, he should get the average market returns given his time in the market, plus extra risk due to variation added by lucky and unlucky choices. Since trading incurs non-negligible costs, investing in lo...
by hewhomustnotbenamed
Sat Jun 27, 2009 9:14 am
Forum: Investing - Theory, News & General
Topic: Has Anyone Noticed the Drop in Dividends?
Replies: 12
Views: 2438

If stocks produced the same dividends as before they'd be worth as much as they were before. This is why "Woo hoo! Stocks are on sale! Snap up the bargains" is misleading. Stocks are currently day-old bread, factory seconds. I don't mind buying day old bread and selling it when it's considered "upp...
by hewhomustnotbenamed
Fri Jun 26, 2009 8:58 am
Forum: Investing - Theory, News & General
Topic: Study: Average investors' 20-yr real return = Negative 1.22%
Replies: 44
Views: 7871

Re: Study: Average investors' 20-yr real return = Negative 1

In explaining these poor returns, the study points to unsuccessful marketing timing and other maladaptive investor behaviors....It looks like market timing has contributed to lost decade S for the average investor. So much for the "death" of buy-and-hold investing. Although it's frequently suggeste...
by hewhomustnotbenamed
Fri Jun 26, 2009 8:36 am
Forum: Investing - Theory, News & General
Topic: thread on CA bonds and default
Replies: 30
Views: 4480

I can see it now "we weren't warned", "nobody could have predicted it" threads if CA does default.

Of course that's going to be a little hard to swallow because we have seen warning sign threads here, for what about a year.

Wake up people , dump those bonds unless you are a speculating.
by hewhomustnotbenamed
Thu Jun 25, 2009 8:01 pm
Forum: Investing - Theory, News & General
Topic: Fortune Mag: California is going to default
Replies: 23
Views: 4256

If I didn't see it as a 90% probability of a federal bailout , I would view it as a good thing.

Somewhere in this alice in wonderland economy ,someone has to reap what they have sown and it might as well start with California.
by hewhomustnotbenamed
Thu Jun 25, 2009 7:52 pm
Forum: Investing - Theory, News & General
Topic: Fama French on the Inverted Yield Curve
Replies: 94
Views: 13527

As for myself I have no problem with letting the "experts" be wrong. Don't worry about the experts. Just take a look to see if anyone gained a consistent advantage (in real time) historically by exploiting the seemingly easy IYC approach. Facts don't lie. What fact would that be , that (most of) yo...
by hewhomustnotbenamed
Thu Jun 25, 2009 11:46 am
Forum: Investing - Theory, News & General
Topic: Fama French on the Inverted Yield Curve
Replies: 94
Views: 13527

As for myself I have no problem with letting the "experts" be wrong.

I think the IYC may prove to be a useful tool in helping me avoid bursting market bubbles.
by hewhomustnotbenamed
Thu Jun 25, 2009 11:13 am
Forum: Investing - Theory, News & General
Topic: thought you might find this of interest
Replies: 22
Views: 4263

I think the story is both tragic and instructive. I expect few will agree with me here , but I don't see it as another too much risk story. I see it more specifically as a spectacular failure to plan. I think I could live quite comfortably on 3 million, so I'd feel ok having 10 million placed agress...
by hewhomustnotbenamed
Thu Jun 25, 2009 10:49 am
Forum: Investing - Theory, News & General
Topic: Zvi Bodie articles -- Bonds, TIPS and Stocks....Which one?
Replies: 44
Views: 8273

Re: Zvi Bodie articles -- Bonds, TIPS and Stocks....Which on

ZVI BODIE: In other words, you may have had twice as much money at the beginning of 2008, but you don't anymore, and somehow you think that you're going to bounce back because you were once there. But all of the evidence we have about stock returns indicate that it's essentially a random law, that ...
by hewhomustnotbenamed
Wed Jun 24, 2009 8:50 pm
Forum: Investing - Theory, News & General
Topic: Distinction efficient/rational markets
Replies: 46
Views: 6179

I have 2 follow-up questions. 1) How long have the US markets been efficient? 2) What changes in exchange operation led to the markets becoming efficient? Your questions can be answered in this paper: Until about the early 1970’s, investing was a winner’s game. An investor could gain an edge on the...
by hewhomustnotbenamed
Wed Jun 24, 2009 8:17 pm
Forum: Investing - Theory, News & General
Topic: Distinction efficient/rational markets
Replies: 46
Views: 6179

bob90245 wrote:Here's one paper I found that should answer your question:

A brief history of market efficiency (pdf)
Thanks.

I have 2 follow-up questions.

1) How long have the US markets been efficient?

2) What changes in exchange operation led to the markets becoming efficient?
by hewhomustnotbenamed
Wed Jun 24, 2009 7:00 pm
Forum: Investing - Theory, News & General
Topic: Distinction efficient/rational markets
Replies: 46
Views: 6179

Could someone please define an: efficient market?
by hewhomustnotbenamed
Wed Jun 24, 2009 8:51 am
Forum: Investing - Theory, News & General
Topic: Hyperinflation and CPI-adjusted returns
Replies: 14
Views: 2431

Re: Hyperinflation and CPI-adjusted returns

1) Banks under TARP were legally obligated to honor contracts with CEOs paying them ridiculous amounts of money out of taxpayer TARP money. Fed.gov stepped in to create a 90% federal income tax on any bonuses paid out of TARP money. Effectively breaking the contract. 1)You do know this never happen...
by hewhomustnotbenamed
Mon Jun 22, 2009 1:41 pm
Forum: Investing - Theory, News & General
Topic: Our prayers have been answered: Peru ETF!
Replies: 50
Views: 8438

bhmlurker wrote:At least it's not Venezuela or Pakistan, though those would be prime candidates for 'short on the news', not just 'sell on the news'.
I'd be interested in a Venezuelan ETF.
by hewhomustnotbenamed
Sat Jun 20, 2009 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Basic skillsets of an Entrepreneur
Replies: 27
Views: 3919

Fiscal discipline. Times get rough and if you can't save up enough money to ride them out, you will bail for a 9-to-5 job in no time at all. Yep, absolutely can't have the employee mentality. FEB of this year invoices due to me were 6-7 months behind. The company I contracted with was taken over by...
by hewhomustnotbenamed
Sat Jun 20, 2009 7:08 pm
Forum: Investing - Theory, News & General
Topic: Is a college degree worthless?
Replies: 133
Views: 18386

From a monetary perspective a liberal arts degree is kinda iffy.

However it and a rather unique life experience got the attention of admissions to a professional degree :dollar . :thumbsup
by hewhomustnotbenamed
Sat Jun 20, 2009 6:39 pm
Forum: Investing - Theory, News & General
Topic: What is "Leverage"?
Replies: 37
Views: 6538

I may have misspoke in an earlier post. I'm pretty sure I understand the rough essentials of leverage--well enough to justify posting--but I'm not so clear on the terminology, specifically the "X" factor. If you take $10,000 of your own money and $20,000 of borrowed money, is that properly referred...
by hewhomustnotbenamed
Sat Jun 20, 2009 6:24 pm
Forum: Investing - Theory, News & General
Topic: How to assess my need for risk?
Replies: 21
Views: 2712

In light of most investors reactions to the last 8 months of markert action, I stand by my statements. I advocate maximizing saving regardless of AA for the investor in the accumulation stage. But you seemed to do so with maximum risk as well - in light of the last 8 months do you stand bythat too?...
by hewhomustnotbenamed
Sat Jun 20, 2009 4:06 pm
Forum: Investing - Theory, News & General
Topic: How to assess my need for risk?
Replies: 21
Views: 2712

In light of most investors reactions to the last 8 months of markert action, I stand by my statements.

I advocate maximizing saving regardless of AA for the investor in the accumulation stage.
by hewhomustnotbenamed
Sat Jun 20, 2009 3:32 pm
Forum: Investing - Theory, News & General
Topic: What is "Leverage"?
Replies: 37
Views: 6538

To me leverage is where you are controlling more money then you've put up. Each form has its drawbacks but you "pay" for the privilege. 2X, 3X ETF's: The cheapest/simplest alternative. If you are wrong the position will move against you at 2 to 3 times the normal rate. These also have "tracking err...
by hewhomustnotbenamed
Sat Jun 20, 2009 2:23 pm
Forum: Investing - Theory, News & General
Topic: What is "Leverage"?
Replies: 37
Views: 6538

Margin requirements about time of day added. Since I also added a definition for margin (and link to it), I added it there as well. As for futures costs, I didn't use that in the leverage page because I didn't know if hewhomustnotbenamed's example with the 4x leverage was related to the amount or t...
by hewhomustnotbenamed
Sat Jun 20, 2009 1:58 pm
Forum: Investing - Theory, News & General
Topic: How to assess my need for risk?
Replies: 21
Views: 2712

Re: How to assess my need for risk?

If your ability to take risk is higher than your need, great. You can either retire sooner ,richer or both than planned. So risk isn't risky? :shock: Just reflecting the general risk/reward relationship. The OP was quite short on specifics. Of course that does not answer if he has accurately interp...
by hewhomustnotbenamed
Fri Jun 19, 2009 9:37 pm
Forum: Investing - Theory, News & General
Topic: What is "Leverage"?
Replies: 37
Views: 6538

A suggestion for fleshing out the info on margin accounts: Note that borrowing capital via a margin account incurs interest expenses. In order for a leveraged portfolio to be profitable, the portfolio's returns over the target period must exceed the amount of interest paid to the lender to finance ...
by hewhomustnotbenamed
Fri Jun 19, 2009 9:25 pm
Forum: Investing - Theory, News & General
Topic: What is "Leverage"?
Replies: 37
Views: 6538

Re: The cost of leverage

Personally, the leverage I'm talking about in the post LadyGeek refers to is the one bobcat2 is mentioning: I own 10,000 in cash ; I put it in deposit in order to enter a S&P futures contract worth 40,000 ; if the S&P rises by 10% at expiration date, I earn 4,000 and own 14,000 in the end. So I hav...
by hewhomustnotbenamed
Fri Jun 19, 2009 7:23 pm
Forum: Investing - Theory, News & General
Topic: How to assess my need for risk?
Replies: 21
Views: 2712

Re: How to assess my need for risk?

After reading the forums for a couple months and several books, I've decided on my CURRENT AA. To figure my AA, I used my tolerance (rather than need) for risk since I have a smallish portfolio. I'm left with the follow up question: How do I reassess my need for risk going forward? There was a rece...
by hewhomustnotbenamed
Tue Jun 16, 2009 9:15 pm
Forum: Investing - Theory, News & General
Topic: "I Hate Dividends"
Replies: 111
Views: 13889

Were Graham and Dodd incorrect in their statement: " The prime purpose of a business corporation is to pay dividends to its owners. A successful company is one that can pay dividends regularly and presumably increase the rate as time goes on. " http://tinyurl.com/nrzzc8 Security Analysis: 1940 Edit...
by hewhomustnotbenamed
Tue Jun 16, 2009 8:44 pm
Forum: Investing - Theory, News & General
Topic: MSCI EM Index -- Israel Upgraded to Developed
Replies: 13
Views: 2904

Anybody heard any news about the karachi stock exchange(pakistan)?

Last I heard they closed the exchange due to huge losses during the credit crisis.

Previously it was the darling of the frontier markets, up something like 1000% over 3-4 yrs.
by hewhomustnotbenamed
Tue Jun 16, 2009 8:26 pm
Forum: Personal Investments
Topic: How much is ENOUGH?
Replies: 66
Views: 10691

My enough number quadrupled in the past year.

I expect to retire in interesting times as the chinese curse goes.
by hewhomustnotbenamed
Tue Jun 16, 2009 8:16 pm
Forum: Personal Investments
Topic: I have 4x leverage : do I know what I'm doing ?
Replies: 24
Views: 5920

Re: I have 4x leverage : do I know what I'm doing ?

Hi It is my first posting here. I come for advice because I do not have many opportunities to talk about this with knowledgeable people. So it would be really nice of you to cast any criticism possible at my “strategy”. I thank you in advance. I currently have a 4x leveraged equity portfolio, which...
by hewhomustnotbenamed
Tue Jun 16, 2009 4:57 pm
Forum: Personal Consumer Issues
Topic: Tipping the housekeeping staff at hotels?
Replies: 79
Views: 15383

SteveB3005 wrote:The wife almost always leaves $10 on the pillow, I almost always make sure I'm last out and pick it up and replace it with $5.

I say nothing and everyone still feels good about the whole deal.

hilarious :sharebeer
I've never tipped house keeping except on a cruise.
by hewhomustnotbenamed
Tue Jun 16, 2009 4:24 pm
Forum: Investing - Theory, News & General
Topic: Is the Boglehead Adorned with Rose-Colored Glasses?
Replies: 74
Views: 7962

Too often I see bogleheads assume that all market environments are the same because we cannot by definition know the future . Other people all too often confuse the idea that market environments matter with the idea that you can time the markets to beat the market. (Don't know if that applies to yo...
by hewhomustnotbenamed
Tue Jun 16, 2009 3:36 pm
Forum: Investing - Theory, News & General
Topic: Is the Boglehead Adorned with Rose-Colored Glasses?
Replies: 74
Views: 7962

hewhomustnotbenamed wrote: Too often I see bogleheads assume that all market environments are the same because we cannot by definition know the future. I don't think you can make a blanket statement like that. Do you think that investors, even Bogleheads, don't know that markets change all the time...
by hewhomustnotbenamed
Tue Jun 16, 2009 9:23 am
Forum: Investing - Theory, News & General
Topic: MSCI EM Index -- Israel Upgraded to Developed
Replies: 13
Views: 2904

Risk wise I think they should still be considered along with the emerging markets.

The prospect of severe political risk suddenly arising is not that of other developed nations.
by hewhomustnotbenamed
Tue Jun 16, 2009 9:11 am
Forum: Investing - Theory, News & General
Topic: Is the Boglehead Adorned with Rose-Colored Glasses?
Replies: 74
Views: 7962

Steven Evanson notes that when it comes to stock market performance, market entry is very important . There's a lot of good material on Evanson's website: http://www.evansonasset.com/index.cfm?Page=13 Adrian anenu@tampabay.rr.com For those of you who didn't catch it, that means market timing or val...