Search found 2034 matches

by fredflinstone
Mon Nov 28, 2016 8:48 am
Forum: Investing - Theory, News & General
Topic: I'm calling a bond bottom.
Replies: 31
Views: 7161

Re: I'm calling a bond bottom.

It feels to me like the bond market is overreacting to the election. I'm using this bond market massacre as an opportunity to move some assets from stocks to bonds (rebalancing). I'm also moving some assets from short-term bond funds to long-term bond funds. Just wondering, since you tossed out thi...
by fredflinstone
Sun Nov 27, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: I'm calling a bond bottom.
Replies: 31
Views: 7161

I'm calling a bond bottom.

I see that iShares Barclays 20+ Yr Treas.Bond ETF [TLT] is down 8.3 percent since November 8. It is down 14 percent since July 29. Yet all the factors that have been driving down prices and buoying bonds during the last few decades are still operative (e.g., globalization, offshoring, outsourcing, d...
by fredflinstone
Wed Aug 10, 2016 6:20 am
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2348

Re: Visiting Washington, DC

Arlington National Cemetery is not to be missed.
http://www.arlingtoncemetery.mil/
by fredflinstone
Tue Aug 02, 2016 7:35 am
Forum: Investing - Theory, News & General
Topic: "[Gold] is now a relatively high-yielding asset, yielding, as it does, nothing."
Replies: 4
Views: 659

Re: "[Gold] is now a relatively high-yielding asset, yielding, as it does, nothing."

By comparison, the current yield is on a 30-year TIPS is 0.63. Does that not mean that Grant is, technically speaking, incorrect?
by fredflinstone
Mon Jul 25, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: Another dodgy hedge fund. Echoes of Bernie Madoff.
Replies: 10
Views: 2192

Re: Another dodgy hedge fund. Echoes of Bernie Madoff.

Tamalak wrote:I don't give a damn if they do.. if you chuck your money in a black box with smoke spewing out of it you clearly don't care that much about it :twisted:


So, blame the victim?
by fredflinstone
Mon Jul 25, 2016 6:59 am
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 119
Views: 9271

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

I can't answer most of your questions, but I have a few insights about Rome, Naples, and Pompeii that may prove helpful. In July, Rome will be hot and crowded. If you are an early riser, I recommend waking up at 6 am on at least one day and going for a walk about town. Enjoy the Trevi fountain all b...
by fredflinstone
Mon Jul 25, 2016 6:24 am
Forum: Investing - Theory, News & General
Topic: Another dodgy hedge fund. Echoes of Bernie Madoff.
Replies: 10
Views: 2192

Another dodgy hedge fund. Echoes of Bernie Madoff.

Via the WSJ: Platinum has recorded some of the most impressive numbers in the hedge-fund world, double-digit average annual returns for over a decade. Beginning around 2012, however, with some investors wanting their money back, Platinum began borrowing heavily. According to documents reviewed by Th...
by fredflinstone
Sun Jul 10, 2016 6:57 am
Forum: Personal Consumer Issues
Topic: Three Days in Colorado Springs (August)
Replies: 28
Views: 1975

Re: Three Days in Colorado Springs (August)

If you are coming from a low-altitude place, drink lots of water before and during your trip.
by fredflinstone
Sun Jul 10, 2016 6:55 am
Forum: Personal Consumer Issues
Topic: Three Days in Colorado Springs (August)
Replies: 28
Views: 1975

Re: Three Days in Colorado Springs (August)

Pikes Peak - take the Cog railway to the top. Make reservations well in advance Hike up the Incline - do this only if you are in great shape. Walk down Barr trail. Garden of the Gods - this is a must-see Cave of the Winds Olympic Training Center USAFA Cheyenne Mountain zoo Walk around Manitou Sprin...
by fredflinstone
Sun Jul 10, 2016 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Kid
Replies: 63
Views: 6459

Re: Trust Fund Kid

This young man is living within his means. I fail to see a problem. Isn't that what Bogleheads are all about -- living within one's means. There is nothing inherently wrong with a minimum wage job, especially for a young person (with or without a college degree). If he's unhappy, then there is a pro...
by fredflinstone
Thu Apr 28, 2016 3:08 am
Forum: Investing - Help with Personal Investments
Topic: talk me out of buying an individual stock (Facebook)
Replies: 112
Views: 16565

Re: talk me out of buying an individual stock (Facebook)

just for the record, FB stock has quintupled since I wrote the above post. And, no, I didn't buy the stock.
by fredflinstone
Wed Apr 06, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: [DOL Rule on Fiduciary Standard is Released]
Replies: 105
Views: 7042

‘Customers First’ to Become the Law in Retirement Investing

[Thread merged into here, see below (next page). --admin LadyGeek] The rules governing how financial professionals handle the trillions of dollars they invest on behalf of Americans saving for retirement are about to get a lot tougher. The Labor Department, after years of battling Wall Street and t...
by fredflinstone
Wed Apr 06, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

OK, I am leaning toward Vanguard. Called them twice and left v-mail messages. So far nobody has called back. Interesting.
by fredflinstone
Wed Apr 06, 2016 6:20 am
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 4522

Re: Paying for kid's graduate school?

Not quite the same but close..... Our son completed an undergrad music ed degree and wanted to go directly onto a master's in performance before beginning a teaching career in public school. His grad school choices were an the instate flagship he could commute to (we'd supply free room and board), ...
by fredflinstone
Wed Apr 06, 2016 6:14 am
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 4522

Re: Paying for kid's graduate school?

It has been many years now since faculty voices within academia have been speaking out against adjunct hiring, which is the low-wage semester-by-semester hiring of university professors that has replaced full-time status for approximately 75% our country’s college educators. Gradually, awareness of...
by fredflinstone
Wed Apr 06, 2016 6:02 am
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 4522

Re: Paying for kid's graduate school?

sdsailing wrote:Most humanities fields the chance of a tenure track job is close to nil. However I cannot comment on music. I urge caution.


This.
by fredflinstone
Wed Apr 06, 2016 5:57 am
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

I checked a local trust management company I am familiar with to ask their fee schedule. For 10 million it is 40,0000$ a year plus additional fees of 100$ per month if co trustees. So that makes VG fees look low. My kids are teens and our estate planning gives my parents control of trust assets til...
by fredflinstone
Tue Apr 05, 2016 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

Back when my job included selling the advantages of a corporate trustee we would include the benefits of group judgment (more than one individual), financial responsibility (deep pockets), accessibility (doesn't take vacations or get sick), permanent existence (corporate existence, doesn't die) and...
by fredflinstone
Tue Apr 05, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

For Vanguard, does the trust management fee include the investment advisory fee? For the small local firms? If a small local firm had a low annual fee, but invested with Wells Fargo, for instance, and incurred another 1% AUM fee plus high fund fees, that would get quite expensive. The trust managem...
by fredflinstone
Tue Apr 05, 2016 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

... There are several very small practices here in Bedrock that offer trustee management services billed at an hourly rate of $80-$100 per hour .... What are "trustee management services?" Does that mean they act as trustee and manage the assets? If so how do they manage the assets? Does ...
by fredflinstone
Tue Apr 05, 2016 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

My estate attorney will be setting up a trust for my children to be established when my wife Wilma and I die. Rather than impose on a friend (such as my buddy Barney) or relative, we intend to hire someone to serve as sole trustee. Our beneficiaries will have the ability to remove and replace the t...
by fredflinstone
Tue Apr 05, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Re: Whom should I trust with trust management?

Lafder wrote:How old are your children? How long do you think the trust would be in place ?

Those questions would make a difference to me in how I answered since looking for decades of management vs years are very different.

lafder


kids are teenagers. I expect the trust to exist for decades.
by fredflinstone
Tue Apr 05, 2016 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Whom should I trust with trust management?
Replies: 29
Views: 2840

Whom should I trust with trust management?

My estate attorney will be setting up a trust for my children to be established when my wife Wilma and I die. Rather than impose on a friend (such as my buddy Barney) or relative, we intend to hire someone to serve as sole trustee. Our beneficiaries will have the ability to remove and replace the tr...
by fredflinstone
Tue Jan 19, 2016 7:37 am
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

Re: eyeing micro-cap stocks

Keep in mind that even though these stocks are thinly traded, you are still competing against other individual investors who know the basics of stock evaluation - and they all have their own stories as to why the stock is going to sky-rocket. I am sure you know all about uncompensated risk. I would...
by fredflinstone
Tue Jan 19, 2016 7:35 am
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

Re: eyeing micro-cap stocks

I used to buy and hold micro and nano-cap pharmaceutical and biotech stocks. I work in that sector helping these sorts of companies obtain FDA approval, and I believed I held a bona fide advantage over the average speculator. These were very illiquid stocks, many of which traded over the counter (~...
by fredflinstone
Tue Jan 19, 2016 7:32 am
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

Re: eyeing micro-cap stocks

. Would just stick with passive funds - if you want micro-cap exposure Bridgeway (BRSIX) is a good choice IMO, but would not suggest market timing, but rather use as long-term holding. Robert . Thanks for your thoughtful feedback. The problem with BRSIX (and all other micro-cap funds) is that you a...
by fredflinstone
Tue Jan 19, 2016 7:29 am
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

Re: eyeing micro-cap stocks

AAII has a "Model Shadow Stock Portfolio", which is a stock screen for the sorts of attributes you're seeking. They've done the homework with very specific guidelines on make buy and sell decisions, and evaluated the relationship between the number of individual positions and risk (i.e. s...
by fredflinstone
Mon Jan 18, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

Re: eyeing micro-cap stocks

Good question. I do think I went overboard last time, but it's not necessary to buy 100+ stocks for this strategy to succeed. A few dozen stocks should be sufficient. Whether the added complexity is worth it is a judgement call. I can see reasonable arguments either way.
by fredflinstone
Mon Jan 18, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

Re: eyeing micro-cap stocks

Nisi, you are my favorite Boglehead so I really appreciate your feedback. It is pretty well accepted that thinly-traded stocks are riskier (more volatile) than others. To accept the increased risk, investors demand higher returns. Which is why these stocks perform so well during bull markets. There ...
by fredflinstone
Mon Jan 18, 2016 7:31 am
Forum: Investing - Help with Personal Investments
Topic: eyeing micro-cap stocks
Replies: 39
Views: 3443

eyeing micro-cap stocks

I know this isn't Boglehead-y, but as the market declines, I am eyeing individual micro-cap stocks. I firmly believe this is the one part of the stock market in which small investors have an edge over large investors and funds (i.e. because the stocks are too thinly-traded to be purchased by large f...
by fredflinstone
Thu Oct 22, 2015 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch liquidating my dad's account
Replies: 19
Views: 2872

Re: Merrill Lynch liquidating my dad's account

thanks for all the responses, everyone.
by fredflinstone
Thu Oct 22, 2015 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch liquidating my dad's account
Replies: 19
Views: 2872

Merrill Lynch liquidating my dad's account

My father, who resides in France for about 10 months every year, received a letter from Merrill Lynch (ML) stating that his account will be liquidated. Through our conversations, and those with your Financial Advisors [name omitted], we have come to the understanding that you spend a significant amo...
by fredflinstone
Fri Jun 26, 2015 7:07 am
Forum: Investing - Theory, News & General
Topic: Has anyone noticed the Japanese stock market lately?
Replies: 15
Views: 2822

Has anyone noticed the Japanese stock market lately?

A lot of us had written off Japan, but the Nikkei 225 is up about 135 percent in the last three years.

This stock market boom occurred despite massive appreciation in the Yen.

It just goes to show: You never know.
by fredflinstone
Sun May 24, 2015 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: 30 year old freelance musician who wants to catch up
Replies: 8
Views: 1324

Re: 30 year old freelance musician who wants to catch up

I have no advice, but I sure would like to know how you make that kind of dough as a freelance musician. Any advice for up-and-coming musicians?
by fredflinstone
Fri May 22, 2015 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 30
Views: 3024

Re: city selling 'mini-bonds' at attractive rates

thanks fred, I agree this is not an important financial decision. I am more interested in the principle than the principal. Is this a worthwhile investment? If one could invest unlimited amounts, how much would you choose to invest? Hypothetically... 4.70% interest for the next 13 years TAX-FREE wo...
by fredflinstone
Fri May 22, 2015 7:29 am
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 30
Views: 3024

Re: city selling 'mini-bonds' at attractive rates

the bonds are attractive but there is a hassle factor and you aren't allowed to invest more than $10K. I'm trying to keep my portfolio simple. Would I buy them if I lived in Clark County? no. If they lifted the cap, I might.
by fredflinstone
Sun Feb 22, 2015 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 3977

Re: Why don't I see more people arguing for a world portfoli

Growth of $10,000 over the last 5 years: Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX): $20,880 Vanguard Total International Stock Index Fund Admiral Shares (VTIAX): $11,962 Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX): $11,805 This site has PE10 data (not sure h...
by fredflinstone
Wed Feb 18, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 20383

Re: What is the worst financial decision that you've made?

buying our current house. The value of the house has declined by close to $100,000 since we bought it. Also, we probably overpaid by about $50,000.
by fredflinstone
Thu Feb 12, 2015 9:44 am
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 12632

Re: Your Future According to Yale Star Robert J. Shiller

The combination of globalization and automation is going to narrow the current gap in wages worldwide. Americans cannot expect to be paid $30 an hour for work that can be offshored to Indians who are happy to do the same thing for $8 an hour. We are already seeing this in some industries-- see, e.g....
by fredflinstone
Thu Jan 29, 2015 8:45 am
Forum: Investing - Help with Personal Investments
Topic: How much to pay for asset protection
Replies: 8
Views: 901

Re: How much to pay for asset protection

depends on the risk that you or your wife will be sued. 0.10 percent per year is a very low price to pay for ironclad asset protection; umbrella insurance policies do not protect you in all (or even most) lawsuit scenarios. What level of expense ratio would one be willing to continue paying to avoi...
by fredflinstone
Thu Jan 29, 2015 8:37 am
Forum: Investing - Help with Personal Investments
Topic: How much to pay for asset protection
Replies: 8
Views: 901

Re: How much to pay for asset protection

depends on the risk that you or your wife will be sued.

0.10 percent per year is a very low price to pay for ironclad asset protection; umbrella insurance policies do not protect you in all (or even most) lawsuit scenarios.
by fredflinstone
Thu Jan 01, 2015 7:09 am
Forum: Investing - Theory, News & General
Topic: Bogleheads 2015 Hedge Fund Contest
Replies: 227
Views: 36506

Re: Bogleheads 2015 Hedge Fund Contest

Bedrock Fund Long: Bed Bath and Beyond BBBY Mattress Firm Holding Corp MFRM Select Comfort SCSS Short: Gibraltar Industries Inc ROCK Rosetta Stone Inc RST Granite Construction Inc. GVA "We believe demand for firm mattresses will be firm," said BedRock Fund manager Fred Flinstone in a stat...
by fredflinstone
Tue Dec 30, 2014 7:18 am
Forum: Personal Consumer Issues
Topic: Unwanted gifts
Replies: 14
Views: 2105

Re: Unwanted gifts

thank you to everyone for the suggestions.
by fredflinstone
Mon Dec 29, 2014 6:19 pm
Forum: Personal Consumer Issues
Topic: Unwanted gifts
Replies: 14
Views: 2105

Unwanted gifts

My beautiful wife, whom I adore, spends hundreds of dollars buying me gifts that I do not want and do not use. We can afford it, but it doesn't seem like a good use of our money. I would much prefer a card. Any advice?
by fredflinstone
Fri Dec 19, 2014 12:53 pm
Forum: Investing - Theory, News & General
Topic: Please debunk this CNN Money article on dividend investing
Replies: 42
Views: 6078

Re: Please debunk this CNN Money article on dividend investi

Many good points above, especially Nisiprius (as usual). those who invest in stocks in taxable accounts should keep mind that dividend-paying stocks are less tax-efficient than their no-dividend counterparts.
by fredflinstone
Fri Dec 05, 2014 8:13 am
Forum: Investing - Theory, News & General
Topic: An intriguing gold/silver play: Central Fund of Canada
Replies: 13
Views: 1594

Re: An intriguing gold/silver play: Central Fund of Canada

"What makes this play more different than say owing BHP Billiton or Freeport McMoran Copper and Gold? CEF is a closed-end fund, the other two are public companies? There are no er's for the latter two once you pay the initial commission." those are mining companies and this fund simply own...
by fredflinstone
Fri Dec 05, 2014 8:02 am
Forum: Investing - Theory, News & General
Topic: An intriguing gold/silver play: Central Fund of Canada
Replies: 13
Views: 1594

An intriguing gold/silver play: Central Fund of Canada

CEF (Central Fund of Canada) is a closed-end fund that owns physical gold and silver. Yes, it has actual bullion stored in a vault somewhere. I have followed the company off and on for about 5 years but have not owned it in quite some time. Usually the fund trades at a premium of 5-10% to its Net As...
by fredflinstone
Sat Oct 18, 2014 5:04 pm
Forum: Investing - Theory, News & General
Topic: How does one hedge against deflation?
Replies: 52
Views: 6227

Re: How does one hedge against deflation?

as others have noted, long-term treasury bonds are a great hedge against deflation. One could also, I suppose, rent rather than buy a home.

Go to advanced search