Search found 338 matches

by jack1719
Fri Jul 19, 2013 11:32 am
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 9377

Re: Detroit to default on $2.5B of debt

"There's no reason for a bondholder to feel like there's any type of security" when investing in Detroit bonds, said Dan Solender, director of municipal-bond management at investment firm Lord Abbett & Co., which owns some Detroit bonds. http://finance.yahoo.com/news/detroit-bankruptcy-sets-credito...
by jack1719
Fri Jul 19, 2013 11:23 am
Forum: Investing - Theory, News & General
Topic: NYC Pension Fund Boasts 12.3% Return for Last 12 Months
Replies: 11
Views: 977

Re: NYC Pension Fund Boasts 12.3% Return for Last 12 Months

If there is one person to really thank for this,its mr greese the wheels of the stock market to no end Ben..Pension funds are always invested future looking investments..so they are gonna ride the market to the moon,if the market hits all time highs,pension funds are gonna look like fat rats after a...
by jack1719
Fri Jul 19, 2013 10:58 am
Forum: Investing - Theory, News & General
Topic: NYC Pension Fund Boasts 12.3% Return for Last 12 Months
Replies: 11
Views: 977

Re: NYC Pension Fund Boasts 12.3% Return for Last 12 Months

Pension funds are not gonna be 100% stock portfolio like vanguard total stock fund..they are gonna be balanced diversified funds..more 60/40 type..so if you compare the return to a vanguard balanced fund it right on cue..you have to compare apples to apples not apples to oranges.. one thing that thi...
by jack1719
Fri Jul 19, 2013 10:27 am
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 9377

Re: Detroit to default on $2.5B of debt

Bondholders are gonna be the ones that take the biggest haircut,retirees with pensions etc...judges seem to understand that these are real people,alot of elderly etc.. and very little if anything will pensioners be asked to cut,a judge might feel the need for everyone to contribute to cutbacks,so he...
by jack1719
Fri Jul 19, 2013 9:56 am
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 9377

Re: Detroit to default on $2.5B of debt

This is gonna drag on and on possibily for several years,your gonna have Bond holders,pensioneers,insurers etc..all gonna sue..this could in a sense end up all the way to the supreme court in a few years..Thats one reason when GM filed for bankrupcy the government was involved heavily,they knew a dr...
by jack1719
Fri Jul 19, 2013 7:37 am
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 9377

Re: Detroit to default on $2.5B of debt

Bondholders are gonna be the ones that take the biggest haircut,retirees with pensions etc...judges seem to understand that these are real people,alot of elderly etc.. and very little if anything will pensioners be asked to cut,a judge might feel the need for everyone to contribute to cutbacks,so he...
by jack1719
Tue Jun 25, 2013 9:15 am
Forum: Investing - Theory, News & General
Topic: Looks like market forces are taking things into own hands
Replies: 13
Views: 1995

Re: Looks like market forces are taking things into own hand

30 year Mortgage rates up to 4.50% today. that's quite a 1 month jump!
by jack1719
Thu Jun 20, 2013 11:40 am
Forum: Investing - Theory, News & General
Topic: Looks like market forces are taking things into own hands
Replies: 13
Views: 1995

Looks like market forces are taking things into own hands

lots of red Ink all over the place in bonds..weird too cause on a pretty bad day for equities,no one is running to bonds for safe cover..
by jack1719
Wed Feb 27, 2013 10:56 pm
Forum: Investing - Theory, News & General
Topic: Bull market rally really a boon to Pensions,endowments etc..
Replies: 2
Views: 595

Bull market rally really a boon to Pensions,endowments etc..

I was reading the average individual investor is just now thinking of getting back into the market,the percentage of investors in 401Ks who moved everything to cash and have stayed there is still very high....They have missed the whole Huge rally..Pensions funds as an example which are always invest...
by jack1719
Wed Sep 12, 2012 10:15 pm
Forum: Investing - Theory, News & General
Topic: Pension obligation bonds..
Replies: 2
Views: 460

Re: Pension obligation bonds..

I wonder if this was done more to get an "Investment grade rating on the bonds"by the city than any other reason...In what ways does city benefit from the higher rating?
by jack1719
Tue Sep 11, 2012 8:55 am
Forum: Investing - Theory, News & General
Topic: Pension obligation bonds..
Replies: 2
Views: 460

Pension obligation bonds..

Recently where I live the city has changed new issued bonds from being tied to investment returns to being tied to property tax payments,I guess it a much more stable funding measure..I started looking this up on internet,I see other cities New Orleans for example has just done the same thing..is th...
by jack1719
Mon Jul 23, 2012 2:31 pm
Forum: Investing - Theory, News & General
Topic: Who has the advantage, individuals or pros?
Replies: 29
Views: 4034

Re: Who has the advantage, individuals or pros?

I will tell you that individuals do have some definite advantages that pension funds and endowment funds don't have. We invest for our time horizon, but the others have no choice, but to invest for short term payouts AND long term growth. That is a HUGE advantage for the little guy. That is the rea...
by jack1719
Sat Jun 16, 2012 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: A GM Pension offer
Replies: 112
Views: 12282

Re: A GM Pension offer

Prudential's obligations follow state laws for insurance companies,must have enough cash in capital on hand to cover the amount of the annuity etc.....the state by law also has its own fund that acts as insurance coverage backup(that amount varies by state-you would have to look up your own state to...
by jack1719
Sat Jun 16, 2012 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: A GM Pension offer
Replies: 112
Views: 12282

Re: A GM Pension offer

Prudential is an investment-grade company, and GM is not. Prudential must use a separate account to make benefit payments to GM retirees. And those assets would not be subject to claims of general creditors should Prudential fail and file for bankruptcy, the automaker said. If the GM salaried retire...
by jack1719
Mon May 07, 2012 11:22 am
Forum: Investing - Theory, News & General
Topic: Pension Buyouts: A coming trend?
Replies: 43
Views: 6632

Re: Pension Buyouts: A coming trend?

This is just more of the ongoing pension de-risking that is taking place in corporate America. Many provisions of the Pension Protection Act of 2006 are pushing companies to get to fuller funding, faster, as deadlines are upon them. I think that hits the nail on the head...companies by law have to b...
by jack1719
Fri Apr 20, 2012 6:51 am
Forum: Investing - Theory, News & General
Topic: Whats out of favor now?
Replies: 71
Views: 5383

Re: Whats out of favor now?

US housing market,resident real esate I think is #1 out of favor thing,when you mention it to people,the nose crinkles up,like its some smelly fish.. 6 years into real estate bust and all they have done is clog things up..instead of flushing things out,getting these foreclosures thru the system and ...
by jack1719
Mon Mar 12, 2012 9:43 am
Forum: Investing - Theory, News & General
Topic: I don't like what's in index funds
Replies: 50
Views: 4769

Re: I don't like what's in index funds

Exxon isnt going anywhere..I am more worried about something like a huge tech company like Apple,technology changes so fast...in 10 years it could be the washed up company,the hey rememeber the IPOD company,(sorta like vinyl records,VCRs etc.. etc.. Companies like Exxon,MCD are more secure in that r...
by jack1719
Thu Mar 01, 2012 9:31 pm
Forum: Investing - Theory, News & General
Topic: Bank short sale on block is a huge eyesore
Replies: 18
Views: 1768

Re: Bank short sale on block is a huge eyesore

checking out city ordinances... Spoke to city Hall in my town,he says they do have a city ordinaces in regards to property,I told him about the house,thats its a short sale etc..He said short sales are some of the most frustrating to deal with in city,cause Bank does not technically own the house,th...
by jack1719
Wed Feb 29, 2012 11:04 pm
Forum: Investing - Theory, News & General
Topic: Bank short sale on block is a huge eyesore
Replies: 18
Views: 1768

Bank short sale on block is a huge eyesore

I live on a very nice tree lined block,very well kept properties,the bank has owned a property for about two years,and not once has bank even visited the property..the price keeps getting dropped and dropped..it sold for 457K in Sept 2006 at height of market..it went on market in 2010 by bank for sh...
by jack1719
Tue Feb 28, 2012 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Condo repo in Washington State
Replies: 20
Views: 1484

Re: Condo repo in Washington State

You made a bad decision, and a bad investment. Happens to many of us once in a while. However, it was your decision and you need to make it right. As you paid $180k I assume you put at least 20 percent down? Than would leave about $144 less what you have paid off, lets say $140K remaining. Why not ...
by jack1719
Mon Feb 27, 2012 2:38 pm
Forum: Investing - Theory, News & General
Topic: withdrawing at age 55..whats penalty free?
Replies: 19
Views: 1530

Re: withdrawing at age 55..whats penalty free?

As a note- you should really look into whether contributing to a Roth 401k is a good idea in your circumstances. IIRC your NY state pension would be tax free on the federal level, which would mean you'd have very low levels of taxable income. It might be better to avoid paying taxes now and pay the...
by jack1719
Sun Feb 26, 2012 9:11 pm
Forum: Investing - Theory, News & General
Topic: withdrawing at age 55..whats penalty free?
Replies: 19
Views: 1530

withdrawing at age 55..whats penalty free?

I work for NY state/Goverment and have a 25/55 defined pension plan...I can fully retire at 55 with just about 60%.. I also have a traditional tax deffered 401K(that the retirement HR booklet says I can withdraw from penalty free at age 55 if I fully retire from service.. I also have a Roth 401K tha...
by jack1719
Thu Jan 19, 2012 10:32 pm
Forum: Investing - Theory, News & General
Topic: Pension - how to figure role in asset allocation
Replies: 26
Views: 2007

Re: Pension - how to figure role in asset allocation

Because $700,000 in stocks has the same risk as $700,000 in stocks, whether you call it 70% of $1 million (exclude the pension) or call it 35% of $2 million (include the pension). A danger of holding a portfolio heavy in stocks is that you may be forced to sell stocks to meet living expenses at a t...
by jack1719
Wed Nov 23, 2011 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Short sale
Replies: 1
Views: 426

Bank Short sale

Hard to figure out these short sales with Banks,a Condo in a building across the street from me(building is only a few years old) went into a short sale..Bank rejected a 300K financed offer from buyer with good credit and accepted an offer of all cash 250K offer.. Does the bank not care what it sell...
by jack1719
Mon Nov 21, 2011 5:47 am
Forum: Investing - Theory, News & General
Topic: How a financial planner lost his home
Replies: 203
Views: 18488

Re: How a financial planner lost his home

The way he portrays it was that despite his financial savvy he was swept up in the emotional frenzy of the housing bubble. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Thats so...
by jack1719
Sat Nov 05, 2011 9:41 pm
Forum: Investing - Theory, News & General
Topic: A 200 year old firm goes bankrupt
Replies: 24
Views: 4825

Re: A 200 year old firm goes bankrupt

Basically they rolled the dice in a risky bet..tried to get outsized gains,and lost big time..it was almost an all in kinda casino bet.Why would anyone want to take a risky bet on Europe right now is beyond me..Europe and the whole Euro/EU is in shambles..complete mess..
by jack1719
Tue Sep 27, 2011 1:01 am
Forum: Investing - Theory, News & General
Topic: Good time to buy a house or not?
Replies: 18
Views: 1995

I think its a very good time to buy...on a national level home prices have fallen -33% in past 5 years,while prices could fall another -5% to -10%..or just beat around and flatline for a number of years..the storm has 90% passed in housing,I think if you plan to buy and stay more than 5 years..you w...
by jack1719
Mon Sep 12, 2011 9:35 am
Forum: Investing - Theory, News & General
Topic: Americans Turn to Gold Over Stocks
Replies: 57
Views: 6206

Here's how gold works. The US Dollar is the #1 currency in the world. Dollars are accepted everywhere, and are held everywhere. They are very safe and are relatively stable. Gold is the #2 currency in the world. When people all over the world get nervous about holding dollars (whether it be from the...
by jack1719
Tue Sep 06, 2011 10:38 am
Forum: Investing - Theory, News & General
Topic: Americans Turn to Gold Over Stocks
Replies: 57
Views: 6206

Not only are americans turning to gold over stocks but I think now over treasuries.. If gold is in a bubble then treasuries are just as much(maybe more) in the same bubble.. If gold bubble collapes,then treasuries goes right along with gold ..americans are viewing both as equal "Safe havens" now..tr...
by jack1719
Sat Aug 27, 2011 12:05 pm
Forum: Investing - Theory, News & General
Topic: Chart: Who Owns the U.S. Debt?
Replies: 32
Views: 4296

But SS is a long term plan,thats like telling a 20 year old dont invest in equities ever,just treasuries.... No SS is not like a 20 year old, also the federal government is not a business, nor a family. The government as a whole has had no surplus money to invest in the stock market, spending has b...
by jack1719
Sat Aug 27, 2011 12:23 am
Forum: Investing - Theory, News & General
Topic: Chart: Who Owns the U.S. Debt?
Replies: 32
Views: 4296

so this is saying the ss trust fund is buying debt from the same place they need to repay so its basically 2x that Social Security has run a surplus for many years and needs a place to invest those accumulated funds until such time as they might need them. They invest them in the safest possible in...
by jack1719
Thu Aug 25, 2011 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois pension vs. 457b, 403b
Replies: 24
Views: 5263

I am sure that 66% personal income tax increase(and 45% corporate increase) that passed helped alot..along with the big stock market gains of past two years,(almost 70% of pension funding comes from investments gains) well broken or not..the taxpayers in the state are paying the price for the better...
by jack1719
Mon Aug 22, 2011 8:59 pm
Forum: Investing - Theory, News & General
Topic: reading Four pillars of investing,question on book
Replies: 4
Views: 1103

Re: reading Four pillars of investing,question on book

... He seems to plug pension funds has only thing that on consistant basis can/has beat the market?If you look at returns as whole,they are excellent.. Why is it? is it cause of the size of them,they can get instituational pricing much lower than me and you?lower fees the reason?I dont think active...
by jack1719
Mon Aug 22, 2011 11:20 am
Forum: Investing - Theory, News & General
Topic: reading Four pillars of investing,question on book
Replies: 4
Views: 1103

reading Four pillars of investing,question on book

Wonderful book,very bogle-like,dont time market,dont think your smarter than market..you cant beat market on consistant basis.. unless you run pension fund.. He seems to plug pension funds has only thing that on consistant basis can/has beat the market?If you look at returns as whole,they are excell...
by jack1719
Wed Aug 17, 2011 7:30 pm
Forum: Personal Consumer Issues
Topic: 2nd time this week my FIOS has gone out grrrrr
Replies: 4
Views: 963

2nd time this week my FIOS has gone out grrrrr

Happened about 8 pm on Monday,decided to go to bed at 10 pm it was still out,woke up it was back... tonight again its out,have had it almost 1 year,not one single issue..I am very annoyed ready to cancel it... I wonder if Verizon is overwhelmed cause of the strike...or if someone is sabotaging the s...
by jack1719
Mon Aug 08, 2011 9:20 am
Forum: Investing - Theory, News & General
Topic: Declines in stocks spark demand for safe US govt debt
Replies: 32
Views: 2464

I think gold has leaped frogged treasuries as the #1 flight to safety vehicle...treasuries are still of course way up there,but the shine has tarnished quite a bit off them..
by jack1719
Mon Aug 08, 2011 7:33 am
Forum: Investing - Theory, News & General
Topic: Declines in stocks spark demand for safe US govt debt
Replies: 32
Views: 2464

Gold in futures today looks like its just ready to zoom...over $1700 an ounce..wow
by jack1719
Tue Aug 02, 2011 7:46 am
Forum: Investing - Theory, News & General
Topic: fiscal 2011,half of states its what to do with surplus...
Replies: 0
Views: 332

fiscal 2011,half of states its what to do with surplus...

almost half of states have fiscal 2011 surplus,the problem for those states is fighting over what to do with surplus,rainy day fund,pension payments,and restoring some education cuts are high on the list...most of those states have higher credit rating then uncle Sam http://www.foxnews.com/politics/...
by jack1719
Sun Jul 17, 2011 7:35 pm
Forum: Investing - Theory, News & General
Topic: Debt Ceiling Crisis and Pending Retirement
Replies: 44
Views: 4667

I don't think the consitution addresses debt payments. I can tell you that the first payments that will be made under any circumstances will be interest and then prinicpal on the debt if necessary. Because if not, there will be no money. Remember, we have a 14 trillionn dollar debt which needs to b...
by jack1719
Thu Jun 23, 2011 1:04 am
Forum: Investing - Theory, News & General
Topic: stock market is so manipulated by the Goverment/Fed..
Replies: 8
Views: 1635

stock market is so manipulated by the Goverment/Fed..

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined markets were humming along the minute the fed takes a breath,in the final hour market fell over 100 points like a rock after fed sp...
by jack1719
Tue Jun 21, 2011 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: My Daughter /Divorced/Forclosure/ Rebuild Credit
Replies: 38
Views: 6784

My question is what is the best way she can increase her credit rating and score? not letting her home go into foreclosure would have been a huge step.... its gonna be a black eye on her credit for years to come,its gonna be slow crawl back.. Well, with regard to credit, foreclosure is a very seriou...
by jack1719
Thu Jun 16, 2011 12:54 pm
Forum: Investing - Theory, News & General
Topic: Effect of US Govt. Default on Money Market Prime?
Replies: 20
Views: 3536

US goverment default is not even on the horizon..debt ceiling will be raised.. and US government default is not really even a blip on the horizon..its something way off in the distance,even the remote chance What should be more of a worry is Greece defaulting,that is a very big possibilty,and it set...
by jack1719
Thu Jun 16, 2011 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Appraisal came in low
Replies: 21
Views: 3617

Re: Valuation

Value hasn't dropped "than much", IMO. But the way appraisals work, they are based on "recent sales" of similar homes in area. There are no recent sales of similar homes, in similar location to ours (cul-de sac) and we are getting dinged with comparision to inferior properties. The apprasial did no...
by jack1719
Thu Jun 09, 2011 9:59 pm
Forum: Investing - Theory, News & General
Topic: Some thoughts about Pension and their reliability
Replies: 41
Views: 5760

Why don't you write about the GM executive retirees whose promised benefits were cancelled in the bankruptcy? If your a "highly compansated employee"an executive position and the company goes Bankrupt,your gonna take alot of lumps..your most likely gone,being goverment has taken over in this case an...
by jack1719
Thu Jun 09, 2011 3:28 pm
Forum: Investing - Theory, News & General
Topic: Foreclosure limbo: Staying without paying a biggie now
Replies: 10
Views: 1833

I guess it all depends on which side of fence your on,if your a seller right now,it must be just unbelievably hard,if your a buyer,so much inventory,it must feel like feeding frenzy trying to find the best deal with so many houses.
by jack1719
Thu Jun 09, 2011 2:13 pm
Forum: Investing - Theory, News & General
Topic: BC Pension Study says they will last 15 years
Replies: 24
Views: 4251

This is what happens when government is not for the people. It's amazing how many of them, once they get in, try to move into the public arena. And don't get me started on unions within the government arena. It's like being held hostage twice. The easiest way to solve this problem is to reduce paym...
by jack1719
Thu Jun 09, 2011 12:49 pm
Forum: Investing - Theory, News & General
Topic: Foreclosure limbo: Staying without paying a biggie now
Replies: 10
Views: 1833

Foreclosure limbo: Staying without paying a biggie now

http://finance.yahoo.com/news/Foreclosure-limbo-Staying-cnnm-989137852.html?x=0 Some 4.2 million mortgage borrowers are either seriously delinquent or have had their cases referred to lawyers to pursue foreclosure auctions, according to LPS Applied Analytics. Of those, two-thirds have made no paymen...
by jack1719
Thu Jun 09, 2011 11:50 am
Forum: Investing - Theory, News & General
Topic: BC Pension Study says they will last 15 years
Replies: 24
Views: 4251

Although media coverage has focused on a handful of troubled funds, most funds are managed responsibly and maintain strong funding levels. On average, funds are 76.1 percent funded and continue to work toward full funding. According to its February 2011 report Enhancing the Analysis of U.S. State an...
by jack1719
Thu Jun 09, 2011 7:19 am
Forum: Investing - Theory, News & General
Topic: Bill Gross: Treasury investors will 'get cooked'
Replies: 35
Views: 4696

I guess frog in the pot thing he talks about means is its not gonna be a fast seering,its gonna be a slow cook with treasuries over a span of years.
by jack1719
Thu Jun 09, 2011 7:10 am
Forum: Investing - Theory, News & General
Topic: BC Pension Study says they will last 15 years
Replies: 24
Views: 4251

What a difference 2 years can make...... investment gains make up almost 70% of pension funding,between that(very strong market returns of last 2 years) and changes made in last 2 years to brand new hires,it seems the picture looks alot rosier today... PDF file of most recent very extensive pension ...