Search found 144 matches

by snray02
Fri May 08, 2009 10:20 pm
Forum: Personal Investments
Topic: Vanguard High-Yield Corporate (VBMFX): Time to get in?
Replies: 33
Views: 7376

bilperk: I have no idea whether Rick Ferri is a Boglehead. And don't care. Can't imagine what he sees in this fund. On the other hand, Larry Swedroe doesn't like High-Yield. Neither do I because of my first-hand experience described above. It is simply not a wealth-building fund. And, if you take th...
by snray02
Fri May 08, 2009 4:26 pm
Forum: Personal Investments
Topic: Vanguard High-Yield Corporate (VBMFX): Time to get in?
Replies: 33
Views: 7376

Taylor:
When you are retired and in your 70s, I will be happy to still be alive in 5 yr increments. A 20 yr horizon holds no charm for me at all.
by snray02
Fri May 08, 2009 12:22 pm
Forum: Personal Investments
Topic: Vanguard High-Yield Corporate (VBMFX): Time to get in?
Replies: 33
Views: 7376

I am amazed at the several High-Yield discussions here on the Boglehead Forums. I do not understand how a true Boglehead could be remotely interested in this fund. Ten years ago I was managing my Dad's affairs and put some of his savings into High-Yield. Looking at his December 1999 statement: High-...
by snray02
Mon Apr 06, 2009 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Ritz Camera to Close More than 300 Stores
Replies: 13
Views: 2539

Interesting: Ritz is closing 300 stores but Wolf is opening a new store in my nearest shopping center. Go figure.
Sam
by snray02
Mon Apr 06, 2009 8:58 pm
Forum: Investing - Theory, News & General
Topic: GNMA - Why #1
Replies: 29
Views: 5849

deerhunter:
I agree completely. GNMA is a totally outstanding fund. All the risks re GNMA the experts are always warning us about never seem to materialize. I owned GNMA for many years and sold a couple years ago to go to Short Term Investment Grade. One of the poorer decisions I have made.
Sam
by snray02
Thu Apr 02, 2009 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Consenting to Vanguard Brokerage's "self-clearing"
Replies: 22
Views: 4540

Speedy:
There is a bill currently in Congress extending the $250K MM guarantee to September 18. No idea how that date was chosen.
Sam
by snray02
Sat Mar 28, 2009 2:42 pm
Forum: Investing - Theory, News & General
Topic: 7 states join the 10% unemployment club
Replies: 9
Views: 2104

What's with the Carolinas? I thought they had fairly diversified, robust economies. Anyone know why they are so in the dumps?
Sam
by snray02
Thu Mar 26, 2009 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Reasons not to install an outdoor pool in cold climate?
Replies: 33
Views: 6715

Everyone should have a pool once in their life. I guarantee you will never have another.

The voice of experience. Sam
by snray02
Thu Mar 19, 2009 9:23 pm
Forum: Personal Investments
Topic: Rebalancing in times of rapid changes
Replies: 10
Views: 1867

I have never understood the emphasis some place on rebalancing. Never rebalancing is a perfectly valid strategy. I saw a study someplace that showed never rebalancing produced a better outcome over the last 20 years than any other rebalancing strategy. Of course, I suspect this outcome is highly dep...
by snray02
Thu Mar 19, 2009 9:14 pm
Forum: Personal Investments
Topic: Vanguard Brokerage Account
Replies: 9
Views: 3200

I have had a VBS account since they were offered (about 10 years). I make about 6-10 trades a year and have never had the slightest problem.
Sam
by snray02
Tue Mar 17, 2009 9:45 pm
Forum: Personal Consumer Issues
Topic: What can you use instead of a bank safe deposit box?
Replies: 27
Views: 6385

Having been burglarized once, we now do what our insurance man (and police) recommended. Spread your valuables around the house. Don't put all the jewelry in a jewelery box. That is a burglar's best friend. Spread it around. Put some jewelry in a shoe box, put some at the back of a deep drawer, put ...
by snray02
Mon Mar 16, 2009 12:47 pm
Forum: Investing - Theory, News & General
Topic: Interview with Ben Bernanke on 60 Minutes
Replies: 36
Views: 6466

The Fed chairman is not appointed for 14 years. He is appointed for 4-yr terms and Bernanke's current appointment is up next year, I believe. The Fed Reserve Bank presidents are appointed for 14 years but essentially none of them serve out their full terms. They usually migrate into the private sect...
by snray02
Fri Feb 20, 2009 10:04 pm
Forum: Personal Consumer Issues
Topic: Fraudulent credit card charge for weight-loss product!
Replies: 18
Views: 4573

tat: Definitely close out the card ASAP. One of my credit cards was skimmed a couple of weeks ago. Master Card closed it out without hesitation when I called them and issued a new card in 5 days. They transferred the "good" charges over to my new card automatically. Looks like credit card ...
by snray02
Fri Feb 20, 2009 11:10 am
Forum: Investing - Theory, News & General
Topic: U. S. Claims 52,000 hid UBS accounts
Replies: 45
Views: 9072

I have been trying to figure out how the IRS came up with the 52,000 number. None of the articles I have read explains that. Anyone have any details on this?
Sam
by snray02
Wed Feb 18, 2009 9:22 pm
Forum: Investing - Theory, News & General
Topic: With no budget, California to cut 20,000 state jobs
Replies: 69
Views: 11424

Why do I have the nagging suspician that California is angling for a Federal bailout. Think it might happen?
Sam
by snray02
Tue Feb 10, 2009 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax versus Tax Cut
Replies: 58
Views: 14802

TaxCut 2008 also rounds off all entries to the nearest dollar, backup forms and all others. I was a little surprised because technically that is incorrect as someone else pointed out. So, I did my taxes by hand rounding off only on the main 1040 form. Got exactly the same tax owed as did TaxCut. May...
by snray02
Wed Feb 04, 2009 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut for ONE dollar !
Replies: 22
Views: 8473

tfb is correct. This TaxCut version seems to handle all forms of income. There are some minor irritations, as with all tax programs. Schedule D is annoying in that it won't let you enter "various" for purchase dates of mutual funds you sold. The instructions say you should enter all transa...
by snray02
Tue Feb 03, 2009 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: EFTPS Tax Payment Question
Replies: 4
Views: 1588

Thanks, guys. I hadn't planned to e-file but I just bought TaxCut for $1 at Dollar Tree which includes one free e-file. What a deal! So, I may e-file this year and do the electronic funds transfer.
Thanks, Sam
by snray02
Tue Feb 03, 2009 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut for ONE dollar !
Replies: 22
Views: 8473

Yep. I just bought a copy for $1. The lady at the checkout counter said this item has been "flying out the store". So, if you are interested, you might want to get to a Dollar Tree soon.
Sam
by snray02
Mon Feb 02, 2009 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: EFTPS Tax Payment Question
Replies: 4
Views: 1588

EFTPS Tax Payment Question

I have an EFTPS (Electronic Federal Tax Payment System) account I use to make my quarterly tax payments. I will owe a small additional tax with my 1040 this year. The 1040 instructions clearly state (page 65) that you can pay any 1040 tax owed by EFTPS. The 1040 tax form doesn't have any way of indi...
by snray02
Tue Jan 27, 2009 10:05 pm
Forum: Investing - Theory, News & General
Topic: State Farm pulling out of Florida
Replies: 34
Views: 7063

I have a problem with people building million dollar houses right at the water's edge in the path of hurricanes. Then they want cheap insurance. Anyone else see something wrong with this picture?
Sam
by snray02
Sat Jan 24, 2009 12:12 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying GE?
Replies: 58
Views: 10968

I'm watching GE. However, it could be another BAC. I recall when BAC was a "can't miss" stock so I bought it all the way down. Finally sold out at a huge loss. Maybe GE is different.
Sam
by snray02
Sat Jan 17, 2009 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: December CPI figures released
Replies: 27
Views: 4536

What is the deal with SS COLAs? Are they calculated on the government fiscal year (Oct-Sept)?
Sam
by snray02
Sat Jan 10, 2009 10:05 pm
Forum: Investing - Theory, News & General
Topic: The failure of our 401(k)s
Replies: 192
Views: 33164

Super: I'm not calling you crazy at all. But this transparency thing is getting blown all out of proportion. We will never have total transparency. The Bernie Madoffs won't allow it. In fact, I am not sure what transparency really means. The companies I worked for typically offered 4 or 5 investment...
by snray02
Sat Jan 10, 2009 9:51 pm
Forum: Investing - Theory, News & General
Topic: The failure of our 401(k)s
Replies: 192
Views: 33164

Super:
Yes, I read it. Everyone is on this "transparency" kick. I guess this is now the equivalent of "green" investing. Anyway, all the companies I worked had very adequate transparency. Never a problem with me.
Sam
by snray02
Sat Jan 10, 2009 9:39 pm
Forum: Investing - Theory, News & General
Topic: The failure of our 401(k)s
Replies: 192
Views: 33164

I simply don't understand these posts. Eighteen months of a down market and everyone wants to eliminate 401K plans. 401Ks came into wide usage around 1981. I worked for 4 Fortune 500 companies since 1981 and participated to the max in their 401K programs. I retired in 2004 and can state that the 401...
by snray02
Mon Jan 05, 2009 4:36 pm
Forum: Investing - Theory, News & General
Topic: How does this fund stay in business?
Replies: 25
Views: 4731

Anyone recall the "Deadman" (actually, Steadman) Funds of the 70s? Their record was similar to this Fund. I remember someone did a study of the Fund's investors and it turned out many were, indeed, actually dead. Maybe that is the case here.
Sam
by snray02
Thu Dec 18, 2008 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Chrysler Shutdown
Replies: 25
Views: 4705

Hollowcave: The financial news tonight said the Chrysler workers will receive 80% of their regular wages during the shutdown. This is exactly the situation which has bothered everyone about the bailout. The UAW is not sharing the pain.
Sam
by snray02
Thu Dec 18, 2008 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question re two Texas Colleges
Replies: 75
Views: 12396

Petro: My wife and I are both alumni of SMU and my wife attended TCU briefly. SMU has a larger endowment than TCU and a larger alumni base. Its business school and law school are first-rate. We attended my wife's SMU reunion in November and were inpressed by the enthusiasm and friendliness of everyo...
by snray02
Tue Dec 16, 2008 10:17 pm
Forum: Personal Investments
Topic: Munis. Buy now or hold off?
Replies: 32
Views: 6797

Thanks, Auream. Good answer. Hopes it works out for you. Sam
by snray02
Tue Dec 16, 2008 10:08 pm
Forum: Investing - Theory, News & General
Topic: tax swap
Replies: 6
Views: 1888

Larry: From a practical standpoint how would the IRS ever detect a wash sale? Stock sales are reported on Schedule D but purchases are not reported. It would take a very detailed IRS audit to ever uncover a wash sale. Such an audit is extremely unlikely for average taxpayers.
Sam
by snray02
Tue Dec 16, 2008 9:58 pm
Forum: Personal Investments
Topic: 2009 RMD Suspended
Replies: 20
Views: 7621

sscritic: Did you read the whole bill? If one skips the 2009 RMD what happens in 2010? Do you have to take 2 RMDs that year or do you take the normal 2010 RMD? Sam
by snray02
Tue Dec 16, 2008 9:56 pm
Forum: Personal Investments
Topic: Munis. Buy now or hold off?
Replies: 32
Views: 6797

Just curious Auream but at age 25 why do you have any bond funds? Sam
by snray02
Sat Dec 13, 2008 12:59 pm
Forum: Investing - Theory, News & General
Topic: Possibly no RMDs in 2009
Replies: 24
Views: 8173

Nickel: Yes, the bill is waiting on Bush's signature, which, apparently he intends to sign. The car bailout is consuming all his time at present. Anyone know any particulars on this bill? If you don't take the 2009 RMD will you have to take two RMDs in 2010; the one for 2009 you skipped and the one ...
by snray02
Sun Dec 07, 2008 10:06 pm
Forum: Investing - Theory, News & General
Topic: Latest Jack Bogle interview
Replies: 2
Views: 957

Hi Taylor:
Jack was on Maria Bartiroma's (sp?) show tonight on CNBC. Most interesting thing to me was he has returned to the "hold your age in bonds" in your portfolio. There has been some discussion recently whether he still adheres to that. He does.
Sam
by snray02
Thu Dec 04, 2008 10:07 am
Forum: Investing - Theory, News & General
Topic: Dividend stocks = ignore inflation and share price?
Replies: 62
Views: 9492

Petro and Ken: IMO, Wellington is Vanguard's best overall fund. I have owned a big chunk of Wellington (and Wellesley) forever in my IRA account. However, these funds throw off a lot of taxable income if held outside an IRA. That is why I have been moving into beaten down divi-paying stocks for my t...
by snray02
Wed Dec 03, 2008 10:23 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks = ignore inflation and share price?
Replies: 62
Views: 9492

Vanguard Equity Income Fund looks lousy. I just looked at it and the "Growth of $10,000" chart shows $10K growing to a whopping $12K in 10 years! And that is with all dividends reinvested. Taking divis out would leave you under water over the past 10 years. Of course, past history is no pr...
by snray02
Tue Dec 02, 2008 9:53 pm
Forum: Investing - Theory, News & General
Topic: More Performance Chasing: "Age in Bonds"
Replies: 48
Views: 11412

Petro: Excellent points.

Raises a question: Are Performance Chasing and Market Timing really the same thing? Hard to differentiate the two from where I sit. Sam
by snray02
Tue Dec 02, 2008 9:42 pm
Forum: Investing - Theory, News & General
Topic: Laszlo Birinyi Calling the Bottom
Replies: 20
Views: 6579

Paul: It was Marty Zweig. Also, don't forget that Gail Dudack was kicked off Rukeyser's show for being too bearish. Wonder what she thinks today? Sam
by snray02
Tue Dec 02, 2008 9:36 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks = ignore inflation and share price?
Replies: 62
Views: 9492

Petro Question

Petro: I, too, am building up a portfolio of dividend paying stocks. Question: How are you weighting your 20 stocks? Equal weight? Overweight the higher paying stocks? Sam
by snray02
Mon Dec 01, 2008 10:53 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig:Stocks Are Less of Your Net Worth Than You Think
Replies: 23
Views: 5426

Karl:
This has been discussed before on this forum and many Bogleheads do consider home equity part of their REIT AA. I am in this camp; my house is paid for and represents about 5% of my net worth which satisfies my RE AA. Sam
by snray02
Sat Nov 22, 2008 11:54 am
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 380
Views: 68507

1) Never average down on a stock. I have learned this lesson at least 20 times over the years. This time I mean it.

2) When a stock cuts its dividend, sell immediately.

Sam
by snray02
Mon Nov 17, 2008 4:59 pm
Forum: Investing - Theory, News & General
Topic: Mark Cuban thinks the stock market is for suckers...
Replies: 5
Views: 1612

After the Martha Stewart fiasco I can't believe there is any insider trading going on in the stock market. Cuban's lawer said they were "shocked" at the allegations, so, obviously Cuban did no insider trading. LOL. Sam
by snray02
Sun Nov 16, 2008 6:02 pm
Forum: Investing - Theory, News & General
Topic: Diversify by Buying Individual Country Indexes?
Replies: 24
Views: 5333

Bogle had it right in his first book on mutual funds. He said you didn't need to invest in foreign stocks. Large cap domestic companies (P&G, JNJ, IBM, etc.) already are invested globally so the 500 Index has you covered. I realize Bogle modified these views in later books.

Sam
by snray02
Tue Nov 11, 2008 10:09 pm
Forum: Investing - Theory, News & General
Topic: Can Healthcare owners gloat now?
Replies: 34
Views: 5548

This is not a gloat but a true story: In 1990 I bought my first Healthcare in my IRA account thru asset transfer. For many years I deposited my total annual IRA contribution into Healthcare. All dividends and cap gains were reinvested. However I did rebalance occasionally to keep Healthcare at about...
by snray02
Mon Nov 10, 2008 8:51 pm
Forum: Investing - Theory, News & General
Topic: The newest Small Cap stock
Replies: 15
Views: 2583

Derek: Thank you for reminding me of yet another of D&Cs incredibly mind-boggling stupid stock plays. Yes, I own D&C Stock and Balanced. Sam
by snray02
Sun Nov 09, 2008 9:49 pm
Forum: Investing - Theory, News & General
Topic: How often does the Vanguard S&P 500 index fund rebalance
Replies: 6
Views: 5644

Index funds continuously rebalance. Daily inflows (new purchases) are balanced against daily outflows (redemptions) and the appropriate stock weightings are kept in balance. Sam
by snray02
Tue Nov 04, 2008 9:40 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 28
Views: 9040

Hi Taylor: I hear you but the real world seems to compare everything to S&P 500. What index would you compare balanced funds to? Sam
by snray02
Tue Nov 04, 2008 9:28 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 28
Views: 9040

Sarge: I am well aware that 500 Index has no bonds. Nevertheless, the S&P 500 has become the defacto "gold standard" to which nearly all actively managed funds, balanced and otherwise, are compared. I also own 500 Index, by the way, and I am not happy with any of the fund's performance...
by snray02
Mon Nov 03, 2008 9:44 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report
Replies: 28
Views: 9040

Some time ago Trevor (I think) mentioned that a 50/50 combination of Wellington and Wellesley would make a very nice portfolio. So, I invested a portion of my IRA in this combination and it has paid off nicely. This combo is down half what 500 Index is down this year. Not all active management is ba...