Search found 159 matches

by zblongladder
Sun Jan 09, 2011 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging markets - Index or active management?
Replies: 23
Views: 3915

If you already have Total Stock Market Index Fund, it's not necessary to have anymore other EM Funds. If you have ETF's -follow livesoft's advise. I don't know about that...it's possible that somebody (especially a young'un like myself) would want more exposure to risky EM funds than the Total Stoc...
by zblongladder
Thu Jan 06, 2011 10:09 pm
Forum: Investing - Theory, News & General
Topic: Irony...
Replies: 5
Views: 1005

Irony...

I'd been preparing for the ol' annual rebalance, and stumbled upon this article: http://www.forbes.com/2007/10/25/rebalancing-portfolio-stocks-pf-ii_dw_1025retire_inl.html This fellow is advocating not rebalancing AA owing to trading costs, "human factors", and the fact that his model (run over the ...
by zblongladder
Wed Dec 29, 2010 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral vs ETF
Replies: 30
Views: 14780

Re: brokerage

It depends on whether you have a brokerage account or not. At Vanguard, there's no commissions for Vanguard's ETF's in a Vanguard brokerage account. If that's the case for you, an ETF would be great. But if you need to open a brokerage account, or you have an account with commissions/fees, then sti...
by zblongladder
Tue Dec 28, 2010 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral vs ETF
Replies: 30
Views: 14780

Vanguard Admiral vs ETF

This's something I've been looking for an answer for for a while, but now it's becoming more of a practical concern. I got a larger Christmas present than I expected from my grandmother (she's trying to get rid of her estate), and I've got an underperforming active fund (that my uncle chose for me b...
by zblongladder
Tue Dec 21, 2010 10:41 pm
Forum: Personal Consumer Issues
Topic: Wireless Security: How secure is your password
Replies: 31
Views: 4123

Re: Wireless Security: How secure is your password

All of this is assuming you use WPA2. Even a long-password with WEP is probably easily cracked by pretty much anyone who knows how to use Google just by collecting packets transmitted between the computer and router. The OP did mention he's using WPA2. Popular hacking codes actually use dictionary ...
by zblongladder
Tue Dec 21, 2010 4:35 am
Forum: Personal Consumer Issues
Topic: Wireless Security: How secure is your password
Replies: 31
Views: 4123

Re: Wireless Security: How secure is your password

I am using a router with WAP2 security and a password that is 18 digits long. I know the maximum password is 64 digits. Is a 63 digit password that much more secure than 18? The logical answer is yes but before I go to the trouble of changing, I wanted to confirm this from the tech gurus on the sit...
by zblongladder
Thu Dec 16, 2010 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Great Grandpa in Nursing home - Is this common?
Replies: 42
Views: 5856

As for the $200/mo to the kids, it really depends on what they were doing for him. If he's a similar Alzheimer's patient to my granddad (who just passed away :(), then taking care of him would require quite a lot of time and commitment even before the onset of the disease, and, assuming the all shar...
by zblongladder
Thu Dec 16, 2010 1:22 am
Forum: Personal Finance (Not Investing)
Topic: best way to pay the IRS?
Replies: 50
Views: 4987

also always rank debt from most important to least 1. IRS Debt 2. Student loan debt 3. Mortgage debt 4. Unsecured debt (CC's) Never not pay IRS or student loan debt. From what I understand you can't go bankrupt to remove these types of debts. A little OP, but that's not quite the way I'd rank them....
by zblongladder
Thu Dec 16, 2010 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Is AAA a good deal?
Replies: 20
Views: 2935

Re: Is AAA a good deal?

I'm 60 and have a bad back and a bad shoulder. Yesterday I had a cold and was driving in the rain and I thought about how hard it would be for me to change a tire if I had a flat. I thought about joining AAA. Is it a good deal, or are there better options? It depends. I've had nothing but good expe...
by zblongladder
Wed Oct 13, 2010 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Dilemna
Replies: 12
Views: 2261

Well, the simple solution of paying off the cards, low to high, is probably the best. Don't close any (especially the oldest), since that *will* hurt his credit score, and pay the cards before working on the med school debt. Also, is the med school debt government or private? Private med school debt...
by zblongladder
Tue Sep 07, 2010 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Restaurant tipping - cash or card?
Replies: 102
Views: 12653

Re: Restaurant tipping - cash or card?

Now, on Labor Day weekend, I read an article claiming that tips on cards are commonly "stolen" by management and that the "fair" way to tip workers is always cash. This is more common than you might think. A bar I used to frequent underwent a change in ownership. The new owner worked a few shifts, ...
by zblongladder
Tue Sep 07, 2010 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lottery Winners Just as Likely to Go Broke
Replies: 29
Views: 5134

It would be a more interesting story if they'd focused on people who won, say, $1 million or more, and got it in the form of a "structured settlement"--i.e., paid out over a period of years. Or maybe compare the lump-sum recipients to the timed-payout set. I don't know about studies on the subject,...
by zblongladder
Wed Sep 01, 2010 11:30 am
Forum: Investing - Theory, News & General
Topic: Fed buys $360 million in TIPS buyback
Replies: 28
Views: 4452

the Fed would be buying treasuries to keep interest rates low so we can have a recovery. If by "we", you mean people with over-extended mortgages/ARMs and banks holding lots of impaired assets with a license to borrow for free, then yes, "we" are recovering nicely. On the other hand, if by "we" you...
by zblongladder
Tue Aug 31, 2010 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Free life insurace from CU
Replies: 17
Views: 3118

Free life insurace from CU

My credit union (of which I'm a satisfied customer) recently sent out a letter about a new perk--a small life insurance policy from The Hartford Group that's offered free to CU members. Now, I realize what they're doing--it's a loss-leader trying to get me to buy more life insurance from them down t...
by zblongladder
Tue Aug 31, 2010 9:54 am
Forum: Personal Finance (Not Investing)
Topic: gmail
Replies: 16
Views: 4100

plannerman wrote:That is if you don't mind them reading your mail.

plannerman
Practically any company offering email services will do just as much snooping as Google--your best bet is to view your email as insecure and not transfer sensitive information using it.
by zblongladder
Thu Aug 05, 2010 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Your kids SS number and the nations credit at risk
Replies: 12
Views: 2101

jeffyscott wrote:
grabiner wrote:Sometimes, the answer is "none of the above"; I was asked where my mortgage was, and I didn't have one.
Might you have a home equity line of credit? We have one that has never been used but it still is recorded as a mortgage.
[never mind--I'd mistakenly thought this was directed at me]
by zblongladder
Thu Aug 05, 2010 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Your kids SS number and the nations credit at risk
Replies: 12
Views: 2101

question: during the user authentication process the credit agencies have asked me questions about prior financial transactions (size of mortgage payment, who with, etc.) how do they authenticate little ones' ID when there is no history? I believe all we have for our kids is their SS cards. I've go...
by zblongladder
Thu Aug 05, 2010 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Good News for Cheap Shaving!
Replies: 35
Views: 5717

I use one cartridge costing about $2-3 for about a month Lucky! I'm using them in no more than two weeks, more likely one if I didn't feel bad about replacing them at the proper rate. If I miss a day or two, I can clog up a cartridge in a single shave. Even still, I get pretty bad 5 o'clock shadow ...
by zblongladder
Thu Aug 05, 2010 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Co-sign Question
Replies: 7
Views: 1714

Re: Co-sign Question

This past May I purchased my first car and subsequently signed my first auto loan. The catch is that I had to have a co-signer due to the fact that I'm 23 and I don't have a long credit history (not bad credit just short). I'd consider myself pretty debt adverse and so low to no interest financing ...
by zblongladder
Wed Aug 04, 2010 11:12 am
Forum: Investing - Help with Personal Investments
Topic: risk level/emergency fund for tenured teacher
Replies: 9
Views: 1605

Tenure won't help you if your school goes bankrupt or cannot make payroll. That depends on where the OP have tenure. If it's a small, local college, then yes, that could be a problem. If they have tenure at, say, Amherst or Yale, then they're pretty well set. The OP is probably somewhere in the mid...
by zblongladder
Wed Aug 04, 2010 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell my iBonds?
Replies: 17
Views: 2673

I didn't think I-bonds were even marketable...
by zblongladder
Wed Aug 04, 2010 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Kids "sharing" a 529 account?
Replies: 21
Views: 3002

Thanks. I see what you are saying about the kids fighting over it, but my plan is to basically refer to the 529 as "college savings" and magically pay for college without the kids knowing the details on how the money is handled or managed. Are 529 plans held in the parent's name or the child's name...
by zblongladder
Wed Aug 04, 2010 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Good News for Cheap Shaving!
Replies: 35
Views: 5717

If I ever went back to manual shaving, I'm sure that the blood would flow again. Probably only if you went back to the 1970 style "safety razor"...as some here have (and I'm not sure what the attraction of that is, unless it is just to save a few pennies). I can see the appeal--being able to get bl...
by zblongladder
Wed Aug 04, 2010 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Good News for Cheap Shaving!
Replies: 35
Views: 5717

When I was a newlywed many years ago (1970) DW seemed to be upset that I cut myself shaving so often. I think it was only occasional nick, but to her it was a real bloodbath so she gave me an electric razor at the next birthday/Christmas. I have been using one ever since. I only shave a few times a...
by zblongladder
Wed Aug 04, 2010 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Free meals for lump sum pension sales pitches
Replies: 59
Views: 9590

Re: Free meals for lump sum pension sales pitches

Not to be "political" but average gubmint workers must be really on to something :roll: ... You're not considering the government worker's risk of not getting the promised pension (e.g., pension fund runs out of money, the government they're working for stops or reduces their pension before they ca...
by zblongladder
Tue Aug 03, 2010 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Accounts of insurance companies dropping
Replies: 13
Views: 2477

Re: Accounts of insurance companies dropping

BruceM wrote: Risk transferrance is not a right.
But it is an obligation--almost anywhere you go, you have to have at least liability insurance to drive a car, and many places you have to have a car to have a job.
by zblongladder
Tue Aug 03, 2010 11:27 am
Forum: Investing - Theory, News & General
Topic: Market Timing or Buy and Hold - what do you think?
Replies: 52
Views: 5640

Past performance is not a guarantee of future results. While I understand why Bogleheads are Bogleheads and I understand why they prefer indexing, I've never been a fan of that argument because it also makes the success of indexing moot. Basically nothing would matter. It is a rather nihilistic arg...
by zblongladder
Sun Aug 01, 2010 10:33 pm
Forum: Investing - Theory, News & General
Topic: "Not your Father's Index Fund"
Replies: 18
Views: 3751

Re: Equal weighted vs. cap weighted costs

There is no good reason it (equally weighted index fund) should take more money to manage. Sorry, this is not correct. The stocks in a cap weighted fund are mostly just bought and held. The change in a stock price makes no difference. The stocks in an equally weighted fund must be rebalanced when t...
by zblongladder
Fri Jul 30, 2010 11:12 pm
Forum: Investing - Theory, News & General
Topic: Explaining deflation and inflation
Replies: 21
Views: 2493

Is holding BND - a good thing because the dividends I get are worth more as the dollar becomes more dear, or This should happen, since bonds would be for fixed dollar amounts (think about a mortgage in deflation--you'd be owning the same number of more-valuable dollars every year. A bond's just bei...
by zblongladder
Fri Jul 30, 2010 10:24 pm
Forum: Investing - Theory, News & General
Topic: How to make 200K a year reading charts...
Replies: 24
Views: 4746

Re: How to make 200K a year reading charts...

Jacobkg wrote:...become a doctor?
Hey, that's just radiologists. ;-) (No offense meant to radiologists--just resentment from an internist's kid.)
by zblongladder
Fri Jul 30, 2010 10:20 pm
Forum: Investing - Theory, News & General
Topic: And how do you trade the Dow at 1,000?
Replies: 25
Views: 3715

Re: And how do you trade the Dow at 1,000?

Sorry, You'll have lost your job long before DOW 1000. You savings will be worthless because a loaf of bread will cost $50 and your investments may possibly be worth 10% of what they are today. Pick your most favorite freeway overpass for your bed tonight. If loaf of bread would cost $50 that would...
by zblongladder
Fri Jul 30, 2010 10:08 pm
Forum: Investing - Theory, News & General
Topic: "Not your Father's Index Fund"
Replies: 18
Views: 3751

there are arguments that an equally weighted 500 stock mutual fund will often outperform particularly after a bull market has been in progress for awhile. This approach definitely worked better in 2000 when the tech sector was overpriced and although I don't have the records probably worked better ...
by zblongladder
Fri Jul 30, 2010 5:46 pm
Forum: Investing - Theory, News & General
Topic: "Not your Father's Index Fund"
Replies: 18
Views: 3751

Quick thought--if these became large enough, could they escape ultimately affecting market capitalization, and thus becoming what they're trying to beat? For instance, if an index weighted on P/E ratios suddenly got trillions of dollars of investment, it'd start affecting demand for its underlying s...
by zblongladder
Fri Jul 30, 2010 5:41 pm
Forum: Investing - Theory, News & General
Topic: "Not your Father's Index Fund"
Replies: 18
Views: 3751

The odd thing, of course, is that these faux indexes could be applied as cheaply as a traditional index, but they're not. If you're just tracking a weighted list of stocks using a computer, the computer doesn't care if it's tracking capitalization, P/E ratios, % of board members smarter than an oran...
by zblongladder
Fri Jul 30, 2010 5:26 pm
Forum: Investing - Theory, News & General
Topic: "Not your Father's Index Fund"
Replies: 18
Views: 3751

From the other linked article: Here's the key: The Securities and Exchange Commission allows these products to be called index funds because the companies follow a published "rules-based method" for managing portfolios. Simply put, as long as a computer, rather than an individual or an investment c...
by zblongladder
Fri Jul 30, 2010 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tax question on cap gains and dividends
Replies: 10
Views: 1527

Re: Tax question on cap gains and dividends

selling all or parts of. That's an important distinction. If you're only selling parts of it and haven't sold anything from this fund before on an average-cost basis, you can request specific lots to be sold (which includes lots purchased with reinvested interest), which could have a big impact on ...
by zblongladder
Fri Jul 30, 2010 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Including gold in AA
Replies: 25
Views: 2556

Re: Including gold in AA

Wouldn't people start trying to pass off pyrite or gilding non-precious metals, leading to massive gold inflation? Gold has a specific gravity of about 19, pyrite has a specific gravity of about 5. Counterfeiting gold convincingly is non-trivial; very few things are as dense. Counterfeiting gold is...
by zblongladder
Fri Jul 30, 2010 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Building a Portfolio from scratch for a 20 Year Old
Replies: 14
Views: 3333

You really should keep it simple--large, complex portfolios can become confusing and wander significantly off from their target asset allocation (a term you'll see around the forms as "AA"). I'd second the recommendation of going with Vanguard Brokerage and using a Vanguard ETF--either VT (Vanguard ...
by zblongladder
Fri Jul 30, 2010 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Some contradictions
Replies: 5
Views: 1228

Re: Some contradictions

Quick question. The boglehead philosophy largely revolves around buy and hold right? Stay the course. Don't sell low. 1) But then, there's the section on Anchoring that tells you not to be anchored to the price you bought at and feel free to sell even when it's down. The reason you don't sell low w...
by zblongladder
Fri Jul 30, 2010 9:22 am
Forum: Investing - Help with Personal Investments
Topic: In-laws bailing water financially. Options?
Replies: 47
Views: 6808

Re: In-laws bailing water financially. Options?

Two main issues: 1) What are the sister's options, vis-a-vis foreclosure/short-sale/debt consolidation or negotiation/bankruptcy? A lot of that has to do with what the lender is willing to consider, and banks have been somewhat notoriously unhelpful with renegotiations. I'd have them contact the ba...
by zblongladder
Fri Jul 30, 2010 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Including gold in AA
Replies: 25
Views: 2556

Re: Including gold in AA

But what if the emergency is that your "real money" no longer has any value and nobody is willing to barter with it anymore? I guess that depends on your definition of an "emergency fund", but my understanding is that it's traditionally considered to be money set aside for a personal financial emer...
by zblongladder
Thu Jul 29, 2010 9:57 pm
Forum: Investing - Theory, News & General
Topic: Explaining deflation and inflation
Replies: 21
Views: 2493

Re: Explaining deflation and inflation

I tried to explain this to a co-worker and I just confused them. I just ended the conversation that either one is wouldn't be good. Can anyone explain why both these things are bad in layman's terms? And please refrain from talking about governmental policy. I do not want this thread to get locked....
by zblongladder
Thu Jul 29, 2010 9:46 pm
Forum: Investing - Theory, News & General
Topic: Crisis-Era Muni Funds Haunt Brokerages
Replies: 7
Views: 1329

I didn't know losses could go that high...
by zblongladder
Thu Jul 29, 2010 9:43 pm
Forum: Investing - Theory, News & General
Topic: What if Wellington/Wellesly Mangers are wrong?
Replies: 17
Views: 4376

Re: What if Wellington/Wellesly Mangers are wrong?

What if one year the managers at Wellington and Wellesly make a moderate bet, perhaps putting 5% of their assets in the next Enron or BP. What if they make two such bets, putting 5% assets in one clunker and 5% assets in another clunker, and the culimination drove them to try to catch back up and m...
by zblongladder
Thu Jul 29, 2010 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Including gold in AA
Replies: 25
Views: 2556

Re: Including gold in AA

I consider mine as part of my emergency fund. Gold would be awful for an emergency fund--it's not nearly liquid enough. If you have a financial emergency, you need real money, not shiny metal, and if gold's price is down (which it will be eventually), you'll lose money when you need to liquidate it...
by zblongladder
Thu Jul 29, 2010 3:41 pm
Forum: Investing - Theory, News & General
Topic: Fed president says US is close to Japan-style deflation
Replies: 19
Views: 3524

Re: Fed president says US is close to Japan-style deflation

http://www.nytimes.com/2010/07/30/business/economy/30fed.html?hp Opinions at the Fed differ, but this may be of interest to investors. I read on another post here recently that Japan's equities market has sustained a very prolonged 75% drop in value (not sure if that post is accurate). Anyway, this...
by zblongladder
Thu Jul 29, 2010 10:41 am
Forum: Investing - Theory, News & General
Topic: Academic research favoring active management
Replies: 30
Views: 5008

There is no way to tell if a portflio of index funds will beat fund X over the next Y years. Indexing means explicitly not trying to "beat" anything--you're sacrificing the potential of above-market returns to allay the risk of below-market returns, which, considering that it's statistically unlike...
by zblongladder
Wed Jul 28, 2010 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: I need a new visa credit card
Replies: 41
Views: 79160

Charles Schwab Visa. 2% cash back on everyhting anytime. I have heard they might not be offering it to new customers anymore, but maybe someone has some more information on that. I can't find any reference to it on the Schwab site other than a login for current cardholders, so I'd imagine that's th...
by zblongladder
Wed Jul 28, 2010 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Allan Roth's Skimp or Splurge - Millionaire’s Car
Replies: 72
Views: 12172

He wants great performance, great handling, non-FWD sport-coupe. I recommended that he buy the latest Porsche 911 Twin-turbo. He can't justify it, so he's considering a 335i ($140k vs $50k). It's all relative. I'm a bit puzzled what this anecdote is trying to convey...that the $140k Porsche is the ...
by zblongladder
Wed Jul 28, 2010 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Allan Roth's Skimp or Splurge - Millionaire’s Car
Replies: 72
Views: 12172

Anyways, I thought one of the reasons to save and passively invest all this money at low expense ratios was so that you could drive a Lexus while still having millions in ETFs. Am I wrong? Right. Somehow the term Boglehead has slowly morphed to mean someone who eats road pizza and grass clipping sa...