Search found 42 matches

by J G Bankerton
Sun Aug 12, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 104
Views: 11557

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

UpperNwGuy wrote:
Fri Aug 10, 2018 6:22 pm
Turkey is such a small portion of the Total International Stock Index Fund, yet the fund lost nearly 2% today
It's not just the stock but the dollar too is at play. The fund is not hedges so as the dollar gets stronger the relative value of other currencies the fund is worth less.
by J G Bankerton
Fri Aug 10, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 104
Views: 11557

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

aristotelian wrote:
Fri Aug 10, 2018 10:59 am
Turkey is a member of the EU
Turkey is still in negotiations with the EU. The negotiations were halted after the purge last year.
by J G Bankerton
Sat Sep 23, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -questions to ask potential advisors
Replies: 27
Views: 3511

Re: Large inheritance -questions to ask potential advisors

Make any advisor sign a contract that states they will act in a fiduciary capacity. That will eliminate the vast majority of them.
by J G Bankerton
Sat Sep 23, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

Haha... yes, one can do that. But, then you should have your paper come to a PO Box in case your home mailbox is hacked. ;-) That would take longer than hitting the any key. Pushing a few buttons on a keyboard can transfer my entire life savings in the blink of and eye. The only ID hack I ever had ...
by J G Bankerton
Sat Sep 23, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 6686

Re: Getting (young) kids interested in coding

randomguy wrote:
Sat Sep 23, 2017 1:36 pm
Do you feel bad about forcing them to do a musical instruement for multiple years or are you happy you exposed them to something even if it didn't work out?
I was exposed to beets and can't stand the sight of them.
by J G Bankerton
Sat Sep 23, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why is TransUnion pushing True Identity vs credit freeze?
Replies: 28
Views: 17501

Re: Why is TransUnion pushing True Identity vs credit freeze?

Insurers usually don't tell one they are doing credit checks, it's in the fine print one already agreed to. Some have gotten rate increases; when they ask why they were told because they were not able to do a credit check. There are so many little things. The USPS now offers to send one notification...
by J G Bankerton
Sat Sep 23, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

ThereAreNoGurus wrote:
Sat Sep 23, 2017 1:07 pm
And if you want to go really crazy you can restrict login to specific devices.
Don't sign up of Internet access, do it all by paper.
by J G Bankerton
Sat Sep 23, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 6686

Re: Getting (young) kids interested in coding

My oldest granddaughter surprised me the last time she was here. She is teaching herself cursive writing. At the least, perhaps she can use the new skill to write entries in her journal. Not sure she will have many uses for it otherwise. If one can't write cursive how do they sign their name, with ...
by J G Bankerton
Fri Sep 22, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4882

Re: Oil - Price & Supply/Demand Conundrum

Since natural gas is already the predominant home heating fuel in the USA it displaces very little oil consumption, which is mostly transport related. I only know what I see out of my window. Nuclear can no longer compete with clean cheap natural gas without government support. County commissioners...
by J G Bankerton
Fri Sep 22, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4882

Re: Oil - Price & Supply/Demand Conundrum

Saying that you are going to overweight or underweight a sector is the same as saying that you know more than the market. Doesn't every trader on, both sides of the trade, think this? The only winners are the market makers. And home heating switching to gas (longer term, the pipes had to be laid). ...
by J G Bankerton
Thu Sep 21, 2017 10:22 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4882

Re: Oil - Price & Supply/Demand Conundrum

As for the oil majors...if oil doesn't recover to $80 soon, we will see some big writedowns...and diferent companies will be in different standing at that point. $50 is the new normal, fracking becomes very profitable above that price and as long as Pennsylvania and Texas don't become part of OPEC ...
by J G Bankerton
Thu Sep 21, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4882

Re: Oil - Price & Supply/Demand Conundrum

I don't buy the narrative that shale will cap prices. ...For one, it's currently only a U.S. phenomenon in any meaningful way. I used to use about 1500 gallons of fuel oil a year. I now use none after switching to natural gas. Three Mile Island Nuclear Power Plant To Shut Down In 2019 Tuesday's ann...
by J G Bankerton
Wed Sep 20, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4882

Re: Oil - Price & Supply/Demand Conundrum

I noticed that oil can now be exported out out of the US. OPEC is not what it used to be. I don't know what that means for the price of tea in China so I'm not going to change my index assist allocation.
by J G Bankerton
Wed Sep 20, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off primary mortgage
Replies: 24
Views: 2400

Re: Paying off primary mortgage

Suzyq1952 wrote:
Wed Sep 20, 2017 12:21 pm
Franklin Templeton has a sales charge of 3.5% when investing 100K-249K addition money.
:shock: You are in the right place and just in time.
by J G Bankerton
Wed Sep 20, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: replace freon???
Replies: 17
Views: 1560

Re: replace freon???

neilpilot wrote:
Wed Sep 20, 2017 12:21 pm
Puron = Genetron R410A = generic R-410A
That costs $5.44 a pound, DYI.
by J G Bankerton
Wed Sep 20, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4882

Re: Oil - Price & Supply/Demand Conundrum

Doc wrote:
Wed Sep 20, 2017 9:18 am
To make this post actionable I ask the question: Should we overweight or underweight the energy sector of our portfolios?
Don't do something, just stand there. Natural gas, not oil, is the game changer.
by J G Bankerton
Wed Sep 20, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: replace freon???
Replies: 17
Views: 1560

Re: replace freon???

CFCs are being phased out and will get more expensive. It is also expensive to convert an old unit so it can use an R-22 substitute. This is called being between a rock and a hard place.
by J G Bankerton
Wed Sep 20, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: 1st medical bill, already overdue and threaten to send to collection
Replies: 44
Views: 5045

Re: 1st medical bill, already overdue and threaten to send to collection

What is your suggestion for these out-of-network providers to get paid? The grocery store isn't required by law to see you when you're starving and feed you on their dime. No one has to see anyone for free except in a emergency room. I'm not talking about charity but in the absence of a contract wi...
by J G Bankerton
Wed Sep 20, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: 1st medical bill, already overdue and threaten to send to collection
Replies: 44
Views: 5045

Re: 1st medical bill, already overdue and threaten to send to collection

sawhorse wrote:
Wed Sep 20, 2017 4:37 am
Informed consent about bills is a huge problem,
That's the only problem. Medicare subscribers must give their informed consent to pay more than their copay, it is federal law
by J G Bankerton
Wed Sep 20, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 6686

Re: Getting (young) kids interested in coding

Has anyone tried the programming for 5 year old links? I can't get them to work. They will never be a top video game.
by J G Bankerton
Tue Sep 19, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 31
Views: 3723

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

tibbitts wrote:
Tue Sep 19, 2017 8:36 pm
To me one issue here is past performance.
OP, show him the total return of VOO and compare it to his returns.
500 Index Fund Adm 1 year 16.19% 3 year 9.51% 5 years 14.30%.
His returns will be hundreds of basis points lower.
by J G Bankerton
Tue Sep 19, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 31
Views: 3723

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

unclescrooge wrote:
Tue Sep 19, 2017 6:57 pm
Ask him if he thinks his advisor is a fiduciary.
Good advice. That should put an end to it if FL truly understands that means he is not put first when it comes to investing his money.
by J G Bankerton
Tue Sep 19, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 31
Views: 3723

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

A thing he pushed back with lately was "if it's such a bad idea, then why do most people do it?" Most people in his circle may do it but not in our circle. Send him here but with a father-in-law you may not even be able to lead him to water. 1.5% AUM on a million, wow, adviser probably rakes what, ...
by J G Bankerton
Tue Sep 19, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 6686

Re: Getting (young) kids interested in coding

runner3081 wrote:
Tue Sep 19, 2017 10:35 am
Heck the kindergarten class has Chromebooks and computer programming is covered in elementary school.
Schools have dropped hand writing. I hope they never have a dead battery, they would not be able to communicate.
by J G Bankerton
Mon Sep 18, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 1686

Re: Save/invest and buy house with cash - yes/no?

alex_686 wrote:
Mon Sep 18, 2017 2:51 pm
A house has about the same level risk / return as a BBB bond.
There is much more day to day use form a house than a bond. A house is an investment but that a secondary consideration.
by J G Bankerton
Mon Sep 18, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 6686

Re: Getting (young) kids interested in coding

Coding is not for everyone. If it doesn't come naturally don't force it. Coding is not one of the three "Rs".
by J G Bankerton
Mon Sep 18, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 18
Views: 2030

Re: Home Equity Disproportionate to Investments

United2008 wrote:
Mon Sep 18, 2017 5:00 pm
Are there any strategies for "monetizing" some of our home equity?
Do you feel lucky? You have to invest on margin using your home as collateral. I wouldn't do it.
by J G Bankerton
Mon Sep 18, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Save/invest and buy house with cash - yes/no?
Replies: 16
Views: 1686

Re: Save/invest and buy house with cash - yes/no?

Paying a landlord's mortgage will make it very difficult to save. Many times a home can be bought for not much more than rent payments. A house is not just a place to live, it's an investment in real estate.
by J G Bankerton
Mon Sep 18, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

Mudpuppy wrote:
Mon Sep 18, 2017 10:49 am
I'm thinking with my old telco hat here and you're using telco terminology incorrectly, which is leading to a misunderstanding.
The hackers did not port any numbers. They just changed phones in the same account. That is the key to understanding the situation.
by J G Bankerton
Mon Sep 18, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Wiki article - Bitcoin
Replies: 37
Views: 5762

Re: Wiki article - Bitcoin

"Cryptocurrency" is not legal tender. When most think of currency they think of legal tender. Calling it currency gives it a legitimacy it does not deserve.
by J G Bankerton
Mon Sep 18, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

It would have to be ported to a different address in the same local exchange. Landline numbers have been portable to cell phones for about 6 years. True but it requires setting up new cell service with a different company or division and that would take days. The hackers are not going to go through...
by J G Bankerton
Sun Sep 17, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

So? They can port a landline phone number to another phone almost as easily as they can port a cell phone number to another phone. It would have to be ported to a different address in the same local exchange. Then the new address would have to have a hot spare back to the CO, not likely, so a truck...
by J G Bankerton
Sun Sep 17, 2017 5:45 pm
Forum: Personal Consumer Issues
Topic: US removing Kaspersky Antivirus from government computers
Replies: 38
Views: 4705

Re: US removing Kaspersky Antivirus from government computers

azurekep wrote:
Sun Sep 17, 2017 4:30 pm
The other trend is that American companies are horrific at data security.
Security is expensive with no return on investment.
by J G Bankerton
Sat Sep 16, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

assuming one doesn't have fiber, a homes Network Interface Device is on the outside of the home accessible to nearly anyone with a Phillips screwdriver. An OTN has an RJ11. The above video came from a link in the OP. The female phisher was pretending not to remember her email address, and the cell ...
by J G Bankerton
Fri Sep 15, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

theplayer11 wrote:
Fri Sep 15, 2017 7:58 pm
this thread scared me enough to change receiving a code before log in from a text to a home phone call.
I use my home landline, if I'm out I forward it to my prepaid cell. It works for a voice delivered code.
by J G Bankerton
Fri Sep 15, 2017 8:52 pm
Forum: Personal Consumer Issues
Topic: 1st medical bill, already overdue and threaten to send to collection
Replies: 44
Views: 5045

Re: 1st medical bill, already overdue and threaten to send to collection

I meant third party medical providers with whom you don't have a direct contractual relationship. The Medicare way is the best way. If a provider doesn't have a contract with the insurer they may charge what they want as long as the patient signs a contract. I find it disturbing that providers hust...
by J G Bankerton
Fri Sep 15, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 159
Views: 15837

Re: Account security - Hackers gain access to mobile and then break havoc

Last month the New York Times had an article on phone hijacking, focusing on people having the cryptocurrency hoards stolen. https://www.nytimes.com/2017/08/21/business/dealbook/phone-hack-bitcoin-virtual-currency.html?mcubz=0 I'm not sure what I should do, since I do use 2-factor logins, and my ch...
by J G Bankerton
Thu Sep 14, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4857

Re: Advice Badly Needed---Meeting with Financial Advisor

The agent will use your name to get a foot in the door, warn those whose names you gave him. Insurance is not an investment.
by J G Bankerton
Thu Sep 14, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: US removing Kaspersky Antivirus from government computers
Replies: 38
Views: 4705

Re: US removing Kaspersky Antivirus from government computers

There have been rumors about Kaspersky. I have used Kaspersky based ZoneAlarm for many years. I may just let Windows Defender handle it when my subscription to ZoneAlarm is up.