Search found 122 matches

by medicevans
Tue Apr 05, 2011 2:46 am
Forum: Personal Consumer Issues
Topic: Renege on a job offer?
Replies: 61
Views: 14726

If you accept the job, do not renege. Not because it will hurt your career or harm your reputation, but because it is simply a lousy thing to do. Do you want to go through life cutting corners or do you want to act with honor? If you accept the job, you are morally obligated to show up to work for ...
by medicevans
Thu Mar 31, 2011 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: deducting loss on a home sale. is this legal? unethical?
Replies: 24
Views: 4117

I think that if you have to ask, then your gut says that you think it to be at least a little unethical. Based soley on your comments, you are attempting to rationalize it to yourself. I guess if it's legal, that eliminates your concerns about whether it's ethical. Talk to a CPA or tax attorney.
by medicevans
Sun Mar 20, 2011 9:53 am
Forum: Personal Investments
Topic: How much should I be saving?
Replies: 32
Views: 5139

jbdiver wrote:Cash is liquid. Boats float on liquid.
All I can picture is Monty Python where they are dunking the witch......

"And if a boat floats on a liquid......." :lol :roll:
by medicevans
Sat Mar 19, 2011 5:52 pm
Forum: Personal Consumer Issues
Topic: To minivan or Not to minivan?
Replies: 46
Views: 7251

I'll chime in here. My opinion is worth exactly what you paid for it! 8) My wife and I recently had to upgrade vehicles due to an unplanned pregnancy; a 5 person vehicle won't work with a 6th person. Haha. We looked at several different vehicles. We settled on a Suburban. It really is a nice truck. ...
by medicevans
Fri Mar 18, 2011 6:48 am
Forum: Investing - Theory, News & General
Topic: When a bubble pops is the money really lost (wiped out)?
Replies: 34
Views: 4658

Sorry folks, but money can get created without the federal government printing new dollars. Consider a bank with $100 million in deposits. It then makes $50 million in loans. Let's suppose, for the sake of argument, that every loan was in the form of cash and that every one who got a loan put it in...
by medicevans
Fri Mar 18, 2011 6:29 am
Forum: Investing - Theory, News & General
Topic: Increasingly skeptical of data
Replies: 58
Views: 7534

You're right to be skeptical. Future may not repeat the past. Return of certain asset classes in the future may not even be proportional to risk (standard deviation), so even an argument that says we expect small cap value to continue to reward for increased risk may be wrong -- first, it may not h...
by medicevans
Fri Mar 18, 2011 6:04 am
Forum: Investing - Theory, News & General
Topic: John Bogle Jr BOGLX
Replies: 29
Views: 4800

John Bogle (Sr.) is a wealthy man. I imagine even if Sr. had no faith in his son's strategy it would still be difficult not to throw him a bone. Yeah, actively managed, high ER funds are bad...unless my son runs it.....in which case, it's ok. Defend SR all you want...but we all have read his books ...
by medicevans
Fri Mar 18, 2011 5:41 am
Forum: Personal Consumer Issues
Topic: Books about Chairman of the Fed Res.
Replies: 1
Views: 463

Books about Chairman of the Fed Res.

Has anyone read any good books about the history of the Federal Reserve or books about current and past chairs of the Fed? I would like to learn more about this hugely influential body. Thanks!

Brian
by medicevans
Tue Mar 15, 2011 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: 50% of Americans say $2k emergency is a disaster
Replies: 96
Views: 10238

Certainly children with rich parents have more opportunity than children with poor parents, but it is not the defining factor in their future wealth. Case in point: My paternal grandparents have farmed all their lives. My father farms, his brother is in retail. My father has saved all of his life. H...
by medicevans
Fri Mar 11, 2011 11:46 am
Forum: Personal Investments
Topic: Newbie Investor Trying to Get Serious - Needs Advice
Replies: 16
Views: 2055

Ryan O wrote: No worries, I appreciate the advice. Will definitely check it out, I own a kindle, do you know if this book translates well to the kindle format?
Translates very well to Kindle. That's how I read it!
by medicevans
Thu Mar 10, 2011 1:58 am
Forum: Personal Investments
Topic: how are you rebalancing your 401K?
Replies: 17
Views: 3629

If so, I understand that when you redirect new contributions towards the asset class(es) that are underweight then you are "buying low". What I don't see is the benefit of doing that versus selling the overweight asset classes to buy the underweight classes - selling high AND buying low a...
by medicevans
Thu Mar 10, 2011 1:30 am
Forum: Investing - Theory, News & General
Topic: Is 100% equities really that risky for young investors?
Replies: 127
Views: 19668

FWIW, I am a young investor, and I am very happy to be 30/70 even in a bull market. I will not feel comfortable having a larger allocation to equities until I have more money . The marginal utility of each additional dollar decreases as total dollars increase. Therefore the less I have, the less I ...
by medicevans
Sat Feb 26, 2011 6:14 pm
Forum: Personal Investments
Topic: New Job, Portfolio Help
Replies: 10
Views: 1619

I edited the initial post to include my company match. Grberry: You are correct, I am a medic at a city owned ambulance service. I have access to the Illinois Municipal Retirement Fund, but I have chosen to invest in the 401(a) due to several reasons. I don't plan on retiring from where I work now, ...
by medicevans
Fri Feb 25, 2011 11:57 pm
Forum: Personal Investments
Topic: New Job, Portfolio Help
Replies: 10
Views: 1619

I have to admit, I feel a little disappointed. 29 hours and 244 views and two people have commented? I guess I don't know what to say.
by medicevans
Thu Feb 24, 2011 7:04 pm
Forum: Personal Investments
Topic: New Job, Portfolio Help
Replies: 10
Views: 1619

Thanks Hector.

Initial post edited to include reply.
by medicevans
Thu Feb 24, 2011 6:30 pm
Forum: Personal Investments
Topic: New Job, Portfolio Help
Replies: 10
Views: 1619

Ok, someone help me format that better. It looks ok in the posting box, but when it's posted, it gets all screwed up. HELP?!
by medicevans
Thu Feb 24, 2011 6:24 pm
Forum: Personal Investments
Topic: New Job, Portfolio Help
Replies: 10
Views: 1619

New Job, Portfolio Help

I recently switched jobs after my previous employer cut wages by 20%. It was a financially forced move, but I ended up at a much better job with better hours, about a 55% pay raise (before the pay cut) and better equipment. We really have had someone looking out for us. It is with this in mind that ...
by medicevans
Mon Feb 21, 2011 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Emergecny Fund Location
Replies: 3
Views: 1123

I would caution you very greatly about "reaching for yield" with your emergency fund. It's not meant to make money, rather to provide for your family if the unforeseen happens. Keep your investments out of your emergency fund and your emergency fund out of your investments. For me, it's no...
by medicevans
Sun Feb 20, 2011 7:52 pm
Forum: Investing - Theory, News & General
Topic: Playing to Win
Replies: 108
Views: 10181

Or to be even more straightforward: A foolish and irrational investor will do worse than a rational investor. No need to make the point more complex. And this point, which I have admitted is true, is relevant how to the discussion of passive vs active investing? Seriously, maybe I'm wrong here... D...
by medicevans
Sun Feb 20, 2011 4:23 pm
Forum: Investing - Theory, News & General
Topic: Playing to Win
Replies: 108
Views: 10181

Mr Dingle, As a person who would really like to understand what you are say, can you please restate your opinion and explain it? I think that we all have something to add to this discussion. I would really like to understand what it is that you are trying to say. Please don't say that if I have to a...
by medicevans
Thu Oct 28, 2010 10:02 pm
Forum: Personal Consumer Issues
Topic: Innovative way to deal with rude airplane passengers
Replies: 147
Views: 15539

This changes the topic a bit, but here goes.. It has been my observation and experience that loading and unloading passengers seems to take much too long. Wouldn't airline efficiency (and cost) be improved if planes could be loaded and unloaded just a few minutes more quickly. Loading: Folks who si...
by medicevans
Tue Jul 13, 2010 3:08 am
Forum: Personal Consumer Issues
Topic: Anyone have Experience with Peace Corps or USAID??
Replies: 17
Views: 3494

Become a US government contractor, experience a foreign country and make $160k+ mostly tax sfree. Not as feel good as USAID or Peace Corps but a lot better on the bottom line. On the other side, went to a pretty good party that USAID threw in Iraq......
by medicevans
Tue Jul 13, 2010 3:04 am
Forum: Personal Consumer Issues
Topic: E-reader price wars-Kindle vs. Nook
Replies: 26
Views: 6462

I have a Kindle II and love it. Looked at a nook, hated it. The color screen pulls too much power. It comes down to what you want the device to do. I bought an Ipod for music, a laptop for internet, and an e-reader to read. I don't care that my ipod can't sync my email, and my laptop doesn't fit in ...
by medicevans
Sat Jul 03, 2010 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Personal finance book for kids
Replies: 4
Views: 1109

How about "How a Second Grader Beat Wall Street"? Very easy to understand and a good primer on investing.
by medicevans
Wed Jun 30, 2010 2:01 am
Forum: Personal Investments
Topic: Young and Frugal
Replies: 11
Views: 2412

Fruga1, I would take a look at the library section of this forum for some reading suggestions. I personally love the Bogleheads Guide to Investing. Very well written and easy to understand for a beginner. Also, take a look at the Coffehouse Investor. Some people like How a Second Grader Beat Wall St...
by medicevans
Mon Jun 21, 2010 12:36 am
Forum: Personal Investments
Topic: An Icy Outlook
Replies: 28
Views: 5391

The problem with this is that Index investing is based upon that over the past 100 years the stock market in general has gone up, therefore the future will bring a similar result. Isn't that investing based on an assumed predictable pattern? The predictable pattern is that business (in the larger s...
by medicevans
Mon Jun 21, 2010 12:07 am
Forum: Personal Investments
Topic: An Icy Outlook
Replies: 28
Views: 5391

The problem with this is that Index investing is based upon that over the past 100 years the stock market in general has gone up, therefore the future will bring a similar result. Isn't that investing based on an assumed predictable pattern? The predictable pattern is that business (in the larger s...
by medicevans
Sun Apr 11, 2010 7:13 pm
Forum: Investing - Theory, News & General
Topic: The Cycle Theory of Investing
Replies: 21
Views: 3533

Bad part is, at least in blackjack the past cards dealt directly affect the future cards dealt (provided they don't use a continuous shuffle machine). The past will never affect the future in investment returns.
by medicevans
Tue Mar 30, 2010 4:31 am
Forum: Personal Investments
Topic: new to this - looking for info on asset allocation
Replies: 66
Views: 8265

Have not read that particular Ferri book, but if it is like his ETF book, it is bound to be good. Another good one, if possibly a little too in depth for your specific purposes is Gibson's "Asset Allocation." If my memory serves, it was written more towards advisors than individuals, but i...
by medicevans
Mon Mar 29, 2010 6:54 pm
Forum: Personal Investments
Topic: new to this - looking for info on asset allocation
Replies: 66
Views: 8265

Listen to Dave Ramsey about personal finances. Do not listen to him about investing. He has an over inflated view of returns going forward (12%!) and never talks about the basics of investing, i.e. asset allocation, keeping costs low, etc. But for personal finance, he is right on the money.
by medicevans
Sat Mar 27, 2010 1:18 pm
Forum: Investing - Theory, News & General
Topic: Total International vs. FTSE World ex-US
Replies: 17
Views: 3473

Why is that Dave? Adding small-cap I mean?
by medicevans
Sat Mar 27, 2010 6:05 am
Forum: Investing - Theory, News & General
Topic: Total International vs. FTSE World ex-US
Replies: 17
Views: 3473

Total International vs. FTSE World ex-US

What would the reasoning be between choosing between one or the other? Got to looking at the "Lazy Portfolios" in the WIKI and just got curious.
by medicevans
Fri Mar 26, 2010 3:45 am
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

Thank you all for chiming in. I appreciate all the comments, and believe that the question has generated some very interesting discussion. It's one of the many reasons I love this forum!
by medicevans
Thu Mar 25, 2010 6:44 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

Atomic, I think you have hit it on the head.
by medicevans
Thu Mar 25, 2010 6:41 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

$12,000. 3K minimum in each. Total Stock Market Index VTSMX Small Cap Value Index VISVX International Value VTRIX Vanguard FTSE All-World ex-US Small-Cap Index VFSVX I know it's easy to say in hindsight, but non-correlating asset classes really makes sense mathematically. The chance of returns for ...
by medicevans
Thu Mar 25, 2010 6:26 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

erak, I tend to agree with you. TR funds seem to be pretty good funds, as long as you keep the underlying AA in mind. I have no reason to change, other than I kind of like doing the rebalancing. But, TR is probably where I will keep my money for quite a while yet while I deal with college, kids, job...
by medicevans
Thu Mar 25, 2010 6:22 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

I believe to slice and dice effectively, you need around about 6 or 7 funds on the equities side, and either one or two funds on the bond side. Minimum initial investment in the funds (generally 3k) dictates that the total portfolio has to be a certain size. Certainly, if an investor were to limit t...
by medicevans
Thu Mar 25, 2010 6:07 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

If 100% of the accounts are tax advantaged, then there is no necessary reason to switch to slice/dice purely based on account balance. Simplicity works just as well at $10M as it does at $10k. I agree with you about the simplicity. Simplicity is the main thing I like about the TR funds. S/D seems t...
by medicevans
Thu Mar 25, 2010 5:59 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

Meeting minimum required initial investments is really the limiting factor of how small your total portfolio can be. With a 70/30 split, about the minimum I can come up with to s/d is about $32,000. I think it could be done for about $15,000 if a person did it with ETFs, but seriously, at 15k why ev...
by medicevans
Thu Mar 25, 2010 4:33 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

lmpd, I will respond to your post point by point. 1. I am WAY WAY off from holding admiral shares in anything. So not really a concern at this point. 2. Very true. Not that I would put anything in gold, but it certainly is an apt example. 3. Part of the fun of investing is messing with stuff. The do...
by medicevans
Thu Mar 25, 2010 4:00 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

That's around the size I was figuring. With a 70/30 AA it takes about 35k balance to get the very minimums for a S/D portfolio.
by medicevans
Thu Mar 25, 2010 3:53 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to ???
Replies: 28
Views: 3815

Target Retirement Funds to ???

At what account balance should a person consider switching from a TR fund to a more slice/dice allocation?
by medicevans
Sat Jan 09, 2010 5:19 am
Forum: Personal Investments
Topic: Tax-Advantaged Portfolio Opinions
Replies: 1
Views: 724

Tax-Advantaged Portfolio Opinions

I am bored in Afghanistan, so I decided to put together a portfolio that I will be investing in in about a year or so. I figure all told, I will have about $32,000 in tax deferred savings. So that being said, I would like all you bogleheads to look at my portfolio and see what you think. Desired AA:...
by medicevans
Wed Jan 06, 2010 11:14 pm
Forum: Investing - Theory, News & General
Topic: Hot Hands Portfolio
Replies: 6
Views: 3087

I guess what it reminded me of when I first read it, and now reading your response even more so, is the Martingale betting system. Martingale doubles your bet on a loss, up until the point where you win, then drops down to the minimum bet. It works really well, until you realize that you have to sto...
by medicevans
Wed Jan 06, 2010 10:38 pm
Forum: Investing - Theory, News & General
Topic: Hot Hands Portfolio
Replies: 6
Views: 3087

Hot Hands Portfolio

Recently, another post mentioned the "Hot Hands" portfolio. It's interesting that it outperformed so 'handily' (pun intended) most other passively managed portfolios of index funds. Let's discuss this. 1. Is this market timing or just 'momentum trading'? 2. Is this something that you have ...
by medicevans
Wed Jan 06, 2010 8:58 am
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 28
Views: 4523

What is the "Hot Hands" fund?
by medicevans
Wed Jan 06, 2010 8:38 am
Forum: Personal Consumer Issues
Topic: Laptop with RAID 1?
Replies: 15
Views: 3067

Paul, you beat me to the explanation.

You are correct, I do want a transparent RAID 1 setup. If I was setting up a home server, I would do a 1+0 setup and be done with it.
by medicevans
Wed Jan 06, 2010 8:30 am
Forum: Personal Consumer Issues
Topic: Laptop with RAID 1?
Replies: 15
Views: 3067

LH, RAID 0 stripes data across all drives to increase speed. Raid 1 is a redundant system. RAID 1+0 is a striped, redundant system. That is why I was confused why he said RAID 1 wouldn't work for backup.
by medicevans
Wed Jan 06, 2010 2:55 am
Forum: Personal Consumer Issues
Topic: Laptop with RAID 1?
Replies: 15
Views: 3067

Eternal, explain the first half of your post. What do you mean?
by medicevans
Wed Jan 06, 2010 1:37 am
Forum: Personal Consumer Issues
Topic: Laptop with RAID 1?
Replies: 15
Views: 3067

Sorry about not getting back to you all sooner. I am looking for hardware RAID only. I am not worried about data security as much as data redundancy in case of HD failure, etc. I will not have access to storage on a network. I will be backing up data regularly in another location as well, but I want...