Search found 29 matches

by Dry_Pillow
Tue Jul 20, 2010 7:35 pm
Forum: Investing - Theory, News & General
Topic: What do you think is better?
Replies: 19
Views: 2529

Crystal Pepsi is best! That or Tab.
by Dry_Pillow
Tue Jul 20, 2010 7:33 pm
Forum: Forum Issues and Administration
Topic: Invasion of the financial advisors?
Replies: 26
Views: 5849

Re: Invasion of the financial advisors?

Anyone else feels that there has been a noticeable increase in postings by new members who seem to have specific anti-boglehead agenda. Just yesterday and today, off the top of my head: fireh0t, Prime Time, moraen, Dry_Pillow ? I'm not saying, I'm just saying... I have noticed a rise in IQ! ZING! I...
by Dry_Pillow
Tue Jul 20, 2010 7:31 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

Because the advisor wants to collect as much money as possible, which makes the client poorer. The fee-only advisor won't tell the client "Hey, in the future, you should go to my competitor Bob. He does what I do, but charges much less." That's a conflict of interest. That is really stret...
by Dry_Pillow
Tue Jul 20, 2010 7:23 pm
Forum: Personal Consumer Issues
Topic: ditching our cable TV
Replies: 46
Views: 7736

Re: ditching our cable TV

Tonight I went to Best Buy and bought a $50 Terk flat TV antenna. Very small and easy to conceal. I connected it to our Tivo and plugged it in, then did a channel scan on the Tivo. It immediately pulled in 12 channels with perfect reception, a rock solid digital feed that actually looks better than...
by Dry_Pillow
Tue Jul 20, 2010 7:18 pm
Forum: Investing - Theory, News & General
Topic: If you need an advisor, read this:
Replies: 81
Views: 8126

I only read the Journal of Finance. Anyone got anything coming out in that?
by Dry_Pillow
Tue Jul 20, 2010 7:18 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

You guys are missing a BIG one!
by Dry_Pillow
Tue Jul 20, 2010 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (from scratch) Please
Replies: 10
Views: 1704

retiredjg wrote:Duckguni, welcome to the forum!

Performance data is not something you need to bother looking up. There are plenty of folks here who can help you without that kind of information. Just stick tight. Someone (maybe even me) will be along shortly. :)


Obviously we'll get what we pay for on here. :lol:
by Dry_Pillow
Tue Jul 20, 2010 7:13 pm
Forum: Investing - Theory, News & General
Topic: What do you think is better?
Replies: 19
Views: 2529

Re: What do you think is better?

What do you think would be better (as in total payoff): Buying a house to live in with the goal of paying off the mortgage and eventually die in, or renting for your life and putting the money that would go to a house into a high-yielding Non-Traded REIT (or a diversified portfolio of them for the ...
by Dry_Pillow
Tue Jul 20, 2010 7:00 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

Rick Ferri wrote:Most advisors charge what the market will bear, not what their services are really worth. That's breach of fiduciary duty.


Isn't that subjective? How is that a breach of fd?
by Dry_Pillow
Tue Jul 20, 2010 6:47 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

Actually I put Rick at 0 - that really isn't a conflict of interest.
by Dry_Pillow
Tue Jul 20, 2010 6:47 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

grabiner wrote:A fee-only advisor has an interest in increasing assets under management. Therefore, he is less likely to advise you to use money to pay down your mortgage, and more likely to advise you take a pension as a lump sum and invest it.


Good ones!

Grabiner has 2
Rick has 1
by Dry_Pillow
Tue Jul 20, 2010 6:44 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

I can say that a portfolio of low-cost index funds that's rebalanced periodicly outperforms most other strategies. But I can't say it is 'the best' strategy because there will always be something that beats it. We just don't know what 'the best' strategy is in the future, and can't know that. Rick ...
by Dry_Pillow
Tue Jul 20, 2010 6:41 pm
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

I strictly write naked puts. I make it a goal to own nothing. Once in a while I will make a side bet on something, or add a little of this or that for market exposure - but most of the time (about 95% of the time) I am strictly cash or naked puts. Been beating the hell out of the market since I've s...
by Dry_Pillow
Tue Jul 20, 2010 6:39 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

Every fee-only advisor has a conflict of interest because they think (or say) their strategy is the best, even if they know it's not true. That means most fee-only advisors are either lying or ignorant, because they can't all be above average, except me, of course. I'm the exception. Rick Ferri Ver...
by Dry_Pillow
Tue Jul 20, 2010 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (from scratch) Please
Replies: 10
Views: 1704

Have you got any statisical or performance data on the funds? I can't judge a fund by cost alone.
by Dry_Pillow
Tue Jul 20, 2010 6:29 pm
Forum: Investing - Theory, News & General
Topic: Fee-Only Conflicts of Interest
Replies: 74
Views: 7444

Fee-Only Conflicts of Interest

I consider myself a "collector" of Conflicts of Interest. They are everywhere! It seems to me, that Fee-Only is often held with great esteem (usually only by fee-only people and their clients). Based off my few brief days on this wonderful, rich, forum, I have come to realize that this is ...
by Dry_Pillow
Tue Jul 20, 2010 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: When are long term bonds a good idea?
Replies: 28
Views: 4715

Don't mess with Bond ETFs - they can't even be considered fixed income. If you want bonds, buy them for their quality and income - not because it fits nicely into some cheap allocation strategy an unemployed "expert" on the internet gave you. I have Bond ETFs. Sorry, I meant to say that I...
by Dry_Pillow
Tue Jul 20, 2010 5:54 pm
Forum: Investing - Theory, News & General
Topic: If you need an advisor, read this:
Replies: 81
Views: 8126

It's all about the advisor's value proposition to the client. Many still sell market timing and/or stock and fund selection, mostly because most clients are looking for that. That's the proposition, but what's the value? There isn't any. I thought you were an advisor. [ personal attack removed by M...
by Dry_Pillow
Tue Jul 20, 2010 5:53 pm
Forum: Investing - Theory, News & General
Topic: What do you think is better?
Replies: 19
Views: 2529

What do you think is better?

What do you think would be better (as in total payoff): Buying a house to live in with the goal of paying off the mortgage and eventually die in, or renting for your life and putting the money that would go to a house into a high-yielding Non-Traded REIT (or a diversified portfolio of them for the p...
by Dry_Pillow
Tue Jul 20, 2010 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: When are long term bonds a good idea?
Replies: 28
Views: 4715

Don't mess with Bond ETFs - they can't even be considered fixed income. If you want bonds, buy them for their quality and income - not because it fits nicely into some cheap allocation strategy an unemployed "expert" on the internet gave you.

I have Bond ETFs.
by Dry_Pillow
Tue Jul 20, 2010 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 Wellington & Wellesley?
Replies: 28
Views: 12311

tsturbo wrote:
It is just a thought, as these two funds have shown good performance,


Don't fall for that old trick! Once their Hookers & Drugs money runs out, the PMs will be jacking up the ER!
by Dry_Pillow
Tue Jul 20, 2010 3:37 pm
Forum: Investing - Theory, News & General
Topic: College Graduate with Roth Question
Replies: 10
Views: 987

pokeygal wrote:Dry_Pillow -- I'm not the gambling type :wink:


B-O-R-I-N-G-!
by Dry_Pillow
Tue Jul 20, 2010 2:14 pm
Forum: Investing - Theory, News & General
Topic: If you need an advisor, read this:
Replies: 81
Views: 8126

This idea that a fiduciary standard means something is terribly overblown, IMO. There are good brokers who are not fiduciaries and bad RIAs and financial planners who claim to be fiduciaries but don't act like one. Good business ethics lie within the advisor, not within a title or legislated by som...
by Dry_Pillow
Tue Jul 20, 2010 2:10 pm
Forum: Investing - Theory, News & General
Topic: College Graduate with Roth Question
Replies: 10
Views: 987

I am not sure I agree with the above poster. While you can afford to gamble big in a taxable account (if that is your style), gambling in the roth may or may not be the best strategy for you. You are limited to the amount you can contribute to a Roth/year. If it disappears, it's gone. You'll more t...
by Dry_Pillow
Tue Jul 20, 2010 1:58 pm
Forum: Investing - Theory, News & General
Topic: How many basis points is a good manager worth?
Replies: 13
Views: 2592

Zero to me. Why pay someone when I can just go to Yahoo Finance and produce my own index-lagging portfolio...for free?
by Dry_Pillow
Tue Jul 20, 2010 12:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's awful "Portfolio Analysis" tool...
Replies: 58
Views: 18678

How dare you guys question the almighty Vanguard. My 4th Degree BoogleKnights spit on you! For shame.
by Dry_Pillow
Tue Jul 20, 2010 12:41 pm
Forum: Investing - Theory, News & General
Topic: College Graduate with Roth Question
Replies: 10
Views: 987

You are young. Gamble big - you can always make up for it. Aug Calls on ABK @ $5.00.
by Dry_Pillow
Tue Jul 20, 2010 11:51 am
Forum: Investing - Theory, News & General
Topic: If you need an advisor, read this:
Replies: 81
Views: 8126

So, why do we want RR's to have Fiduciary responsibility?
by Dry_Pillow
Mon Jul 19, 2010 10:55 am
Forum: Investing - Theory, News & General
Topic: Are Mutual funds with a Load Fee a Ripoff?
Replies: 24
Views: 3278

The problem is using the load to pay the advisor can lead to: -excessive churn to collect a full load more often. -avoidance of breakpoints. You wouldn't believe how many callers to Don MacDonald's radio show 20 years ago had "advisors" spreading a client with $1 million across multiple l...