Search found 1722 matches

by GregLee
Wed Aug 22, 2012 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Just received $1380 Affordable Care rebate
Replies: 58
Views: 3787

Re: Just received $1380 Affordable Care rebate

[post openly challenging Administrator's comment is a violation of forum policy and it was deleted by Mod. The only allowable avenue for questioning/challenging Moderator actions are via PM or email]
by GregLee
Wed Aug 22, 2012 4:24 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your savings in non equities?
Replies: 53
Views: 5281

Re: What percentage of your savings in non equities?

5 (2% checking acct & money market; 3% bonds).
by GregLee
Wed Aug 22, 2012 4:01 pm
Forum: Forum Issues and Administration
Topic: We need a new forum just for retirement issues
Replies: 143
Views: 19171

Re: We need a new forum just for retirement issues

We already have a fair number of threads that get started in the "wrong" sub-forum. Adding another is likely to increase that problem, especially one that kind of overlaps a few others. Yes, probably. But here is a solution for that: when posters decide to put their posts in the new forum...
by GregLee
Wed Aug 22, 2012 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Just received $1380 Affordable Care rebate
Replies: 58
Views: 3787

Re: Just received $1380 Affordable Care rebate

I am insured by a large public university plan under my husband's policy. I have emailed the benefits department yesterday inquiring about this rebate but have not heard anything back as of yet. What should my husband and I expect from this rebate, if anything? I was also insured through a large pu...
by GregLee
Tue Aug 21, 2012 9:23 pm
Forum: Investing - Theory, News & General
Topic: Pillar of Wisdom #7 - reversion to the mean
Replies: 33
Views: 3940

Re: Pillar of Wisdom #7 - reversion to the mean

Rather, my interpretation of what he [Bogle] says is that you shouldn't bother investing in trendy things that seem to be doing better than the market, because it probably won't last. So Bogle appeals to RTM in arguing against performance chasing -- investing in securities which have recently risen...
by GregLee
Tue Aug 21, 2012 1:02 pm
Forum: Investing - Theory, News & General
Topic: Pillar of Wisdom #7 - reversion to the mean
Replies: 33
Views: 3940

Re: Pillar of Wisdom #7 - reversion to the mean

How does "Pillar of wisdom" from mister Bogle is in line with "The bogleheads way"? There is no way of rationalizing the rule against market timing with the RTM principle. They say contradictory things. Don't expect to get sensible answers here to the question you've raised -- i...
by GregLee
Tue Aug 21, 2012 1:53 am
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

There is no protection flag on OTA content, because it has to follow an open standard that allows any receiver which supports the standard to receive the content. I guess that's right. I didn't know about it before, but looking around, I find an FCC order from 1996 saying "Unencrypted broadcas...
by GregLee
Tue Aug 21, 2012 12:44 am
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

And that saying the unit was analog just because it has analog output is a rather shaky premise. And I, or someone, said the CM unit "was analog"?? Let me try once more to be clear. The CM unit being discussed evidently (1) receives a digital video signal, (2) records a digital signal, (3...
by GregLee
Mon Aug 20, 2012 8:02 pm
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

The ChannelMaster is not meant to record cable signals. The OP does not want to record cable signals. The post is about getting a DVR to record over-the-air broadcast signals. Why do people keep talking about recording cable signals when this post is about recording over-the-air broadcast signals? ...
by GregLee
Mon Aug 20, 2012 6:15 pm
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

I'm just saying that it probably does not do what the cable company's dvr does, which is record the digital video signal that is received without a stage converting analog to digital. Again, this is just plain wrong. Customer supplied DVRs can and do record digital programming directly from cable w...
by GregLee
Mon Aug 20, 2012 4:54 pm
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

Why do you say that? The ChannelMaster has dual ATSC tuners. Nothing analog about it. For the OP's purposes, this is what he needs. Evidently there is something analog about it, since the ad lists "Component HD and analog video outputs" among the rear panel features. (Component HD is anal...
by GregLee
Mon Aug 20, 2012 3:45 pm
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

The channelmaster dvr cited above is a simple substitute for cable dvrs. It records digitally in HD and has a free program guide. There is a difference between recording a digital HD signal and recording an analog signal after first converting it to digital. I couldn't tell from your reference, but...
by GregLee
Mon Aug 20, 2012 1:33 pm
Forum: Investing - Theory, News & General
Topic: When did you start to save a regular significant amount?
Replies: 81
Views: 13666

Re: When did you start to save a regular significant amount?

Never. I had savings, but never any specifically dedicated to retirement. My savings rate was never on a schedule -- it was always just what I didn't need or want to spend. I saved about 30% of my income the last few years, but I don't need to save that much, or that little, this month, or next mont...
by GregLee
Sun Aug 19, 2012 11:34 pm
Forum: Personal Consumer Issues
Topic: cutting cable- want dvr
Replies: 63
Views: 12627

Re: cutting cable- want dvr

I can’t seem to find a simple substitute for my cable company’s dvr. I would like to be able to record live tv and watch it at a later time. There is no simple substitute for your cable company's dvr, if it records in high definition, since it can record encoded digital signals in such a fashion th...
by GregLee
Sat Aug 18, 2012 11:04 pm
Forum: Investing - Theory, News & General
Topic: Could a state pension fund invest solely in index funds?
Replies: 21
Views: 3299

Re: Could a state pension fund invest solely in index funds?

I was wondering if anyone knew if a state pension fund could invest solely in index funds rather than use active management? The intent is to lower costs and help keep a pension fund more solvent. I don't know. The only legal restrictions on pension fund investing that I have seen referred to seem ...
by GregLee
Sat Aug 18, 2012 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds!!??
Replies: 56
Views: 14582

Re: Bonds!!??

I agree with your friend. It's imprudent to keep all your money in fixed income assets. Your 28% seems reasonable to me, on general grounds, although personally, I am so distrustful of bonds that I have practically everything in stocks. I look forward to buying bonds again when their prices come down.
by GregLee
Fri Aug 17, 2012 11:47 pm
Forum: Investing - Theory, News & General
Topic: How would a Boglehead respond to..
Replies: 26
Views: 4837

Re: How would a Boglehead respond to..

All of that seems like an attempt to add a level of science to our industry and I think companies and advisors use it to backup their investments. Isn't adding a level of science a good thing? He seems to regard it as merely an advertising ploy that some have used to bring in more customers. I don'...
by GregLee
Fri Aug 17, 2012 9:52 pm
Forum: Investing - Theory, News & General
Topic: what are you thinking about international investing?
Replies: 26
Views: 5723

Re: what are you thinking about international investing?

We can do this by using Morningstar's data and checking the metrics of Vanguard's U.S. Total Stock Market Index Fund (VTMSX) and Total International Stock Index Fund (VGTSX).

But then a chart is given comparing VTSMX and VGTMX.
by GregLee
Fri Aug 17, 2012 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences Moving From High to Low Cost State?
Replies: 72
Views: 19516

Re: Experiences Moving From High to Low Cost State?

I can't answer your questions, since I didn't move, but that's just because I was already where I want to be: Hawaii. Cost of housing and food here is high, but on the other hand, taxes are low. We have some fiscal problems (pension fund of $11.6B has $9B in unfunded liabilities) and our own little ...
by GregLee
Fri Aug 17, 2012 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: how do you select a refrigerator?
Replies: 47
Views: 6747

Re: how do you select a refrigerator?

1. French-door, freezer-on-bottom models save energy and are more convenient to use, because the refrigerator level (which you use the most) is at eye level. 2. Avoid in-door ice/water, because they're not very reliable and tend to break. Agree on 1. Our current freezer-on-bottom model is considera...
by GregLee
Wed Aug 15, 2012 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: health insurance "hospital" billing question
Replies: 48
Views: 5765

Re: health insurance "hospital" billing question

I've worked my way through several health insurance billing snafus in the last few years. It hasn't been hard, really -- just one or two phone calls. No need to get excited and try to find who to blame. It's a complicated system, and it's no wonder there are occasional mistakes. I just call the insu...
by GregLee
Wed Aug 15, 2012 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: [How much do you pay in] Property Taxes
Replies: 61
Views: 6884

Re: Property Taxes

0.35%, Hawaii (Oahu). It's $2102/year on $600k, but that reflects 2 exemptions for >=65 year old owners.
by GregLee
Wed Aug 15, 2012 1:34 pm
Forum: Investing - Theory, News & General
Topic: Poll: What is your Bond Allocation %?
Replies: 93
Views: 15028

Re: Poll: What is your Bond Allocation %?

My investment strategy is driven by fear: I (1) avoid cash or CDs because of inflation, (2) avoid stocks because the market tends to crash from time to time, and (3) avoid bonds because interest rates may rise, taking bond values down. I think dangers (1) and (3) are almost inevitable, and that leav...
by GregLee
Tue Aug 14, 2012 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10154

Re: For the advocates of renting vs owning.

Up to age 18. Neither my parents nor I stayed in one place just because we had children. But, of course, some do. My parents moved back to the school district where my father had gone to primary and secondary school just in time for me to start primary school there, they rented then bought in that ...
by GregLee
Tue Aug 14, 2012 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Equating Rent and Mortgage
Replies: 75
Views: 5774

Re: Equating Rent and Mortgage

GregLee: "Rent = $1000 Mortgage = $990; so I bought." That's not quite it. I was thinking about future cash flows: present rent $800, near term rent $1000, long term rent >> $1000 present mortgage $1000, near term mortgage $1000, long term mortgage $0 present savings rate $0, near term sa...
by GregLee
Tue Aug 14, 2012 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Equating Rent and Mortgage
Replies: 75
Views: 5774

Re: Equating Rent and Mortgage

I equated rent and mortgage when I decided to stop renting and buy, decided which house to buy, and decided how to structure the offer I made on the house. I've read through this thread, and I still don't see what is seen as wrong with that. I was thinking about cash flows, present and anticipated, ...
by GregLee
Mon Aug 13, 2012 3:03 pm
Forum: Investing - Theory, News & General
Topic: Is bogleheads investing a philosophy or a truth?
Replies: 46
Views: 4384

Re: Is bogleheads investing a philosophy or a truth?

It's a strategy or approach to investing and retirement planning comprised of loosely related tactics (e.g. passive investing and asset allocation). It's not the sort of thing you could call "true", any more than you could the strategy of guerilla warfare, say. Maybe it works, maybe it's w...
by GregLee
Sun Aug 12, 2012 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid, LTC, Estate Recovery, Trusts, and IRAs
Replies: 5
Views: 921

Re: Medicaid, LTC, Estate Recovery, Trusts, and IRAs

I'm not sure the 5 year look back applies to assets placed in an irrevocable trust. Not saying it doesn't -- just that it might bear checking. There are some technicalities about whether a house put into a trust is protected -- at the time I checked this, it was protected if it was passed to a spous...
by GregLee
Sun Aug 12, 2012 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help on buying a new (used) car
Replies: 12
Views: 1726

Re: Help on buying a new (used) car

The first time my wife and I ever bought a car from a car dealer was in 2005, when we got a 2002 Dodge Neon for $6000. Before that we always bought from a private person, and the most we paid was $2200. We always paid cash -- not a check, green stuff -- except we used a CC at the dealer. There are a...
by GregLee
Sun Aug 12, 2012 7:40 pm
Forum: Investing - Theory, News & General
Topic: Why isn't mean reversion easily visible in this chart?
Replies: 38
Views: 6531

Re: Why isn't mean reversion easily visible in this chart?

I used 83 years of annual total stock market returns, from the "large-company stock" series in my 2010 SBBI yearbook. You may have chanced upon a least favorable stock class for observing mean reversion. In Mean Reversion and You http://www.efficientfrontier.com/ef/997/revers.htm , compar...
by GregLee
Sun Aug 12, 2012 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Another bullish sign for equities?
Replies: 16
Views: 2578

Re: Another bullish sign for equities?

And it said:
Year-to-date, international stock funds have attracted $34 billion in new cash,
by GregLee
Sat Aug 11, 2012 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: If You Are A Saver, Renting Superior To Buying
Replies: 51
Views: 5099

Re: If You Are A Saver, Renting Superior To Buying

... no rent, no mortgage. No doubt this is true in many locations and jurisdictions. However, some costs of ownership endure after the mortgage is paid including maintenance, insurance, and critically, property taxes. As you say, location matters. My property taxes on my $600k house on Oahu are $2k...
by GregLee
Fri Aug 10, 2012 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: If You Are A Saver, Renting Superior To Buying
Replies: 51
Views: 5099

Re: If You Are A Saver, Renting Superior To Buying

Unless someone possesses the cash necessary to buy a residence, he or she will be renting one way or another. The choice is between renting the property directly or instead renting the capital necessary to buy the property. This is short-sighted and wrong, for a very obvious reason. One crucial dif...
by GregLee
Fri Aug 10, 2012 3:35 pm
Forum: Investing - Theory, News & General
Topic: GREAT long-term-care insurance article by Christine Benz
Replies: 55
Views: 6074

Re: GREAT long-term-care insurance article by Christine Benz

tc101 wrote:The thing that everyone tries to avoid saying is that people go into nursing homes to wait to die.

It's just that it's obvious and of no relevance to our planning. Before we go to the nursing home, we prefer a happy life to one of misery, and after we go, we'd prefer dying happy to dying in misery.
by GregLee
Fri Aug 10, 2012 2:14 pm
Forum: Investing - Theory, News & General
Topic: GREAT long-term-care insurance article by Christine Benz
Replies: 55
Views: 6074

Re: GREAT long-term-care insurance article by Christine Benz

May be I'm misinterpreting your comments but it seems your argument against LTCi comes from an unmarried perspective. No, you got that wrong, though perhaps not 100% wrong. My wife or I would have no problem spending down all our portfolio on LTC for the other. That is primarily what we are saving ...
by GregLee
Fri Aug 10, 2012 1:34 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's Recent Article: Passive Success
Replies: 7
Views: 1942

Re: Morningstar's Recent Article: Passive Success

All the above, however, may add up to a contrarian case for investing in active management. My take: Active management may "succeed" (get lucky) some of the time, but it doesn't really matter because most of the time, or on average, passive management is vastly superior, especially after ...
by GregLee
Thu Aug 09, 2012 10:10 pm
Forum: Investing - Theory, News & General
Topic: GREAT long-term-care insurance article by Christine Benz
Replies: 55
Views: 6074

Re: GREAT long-term-care insurance article by Christine Benz

But if someone is rich (a million $'s??)they can probably afford to pay privately $100K per year for skilled care for years...10 years before spending down 1 million for instance). So you'd need about a million to afford to pay $100k for a nursing home? That isn't the best way to formulate the prob...
by GregLee
Thu Aug 09, 2012 5:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: Let's talk about the Olympics
Replies: 115
Views: 11678

Re: Let's talk about the Olympics

The NBC commentator for "rhythmic gymnastics" remarked about synchronization that "there are 5 athletes out there as you can see, and it's always being aware of what each other is doing." Spot the grammatical error!
by GregLee
Thu Aug 09, 2012 3:51 pm
Forum: Investing - Theory, News & General
Topic: College Bubble Popping
Replies: 72
Views: 6875

Re: College Bubble Popping

There's no bubble. Education is like healthcare -- we need and want more and more of it, and we can pay more and more, too. It will just get more expensive in the future.
by GregLee
Thu Aug 09, 2012 3:37 pm
Forum: Investing - Theory, News & General
Topic: "Index Funds are on a Roll--Will it Persist?"
Replies: 28
Views: 3938

Re: "Index Funds are on a Roll--Will it Persist?"

It might. I don't see anything fundamentally wrong with active management, myself, though probably most here would disagree, but active managers are losing out through getting a bad reputation for predatory practices and because they simply charge too much for their services.
by GregLee
Thu Aug 09, 2012 11:26 am
Forum: Investing - Theory, News & General
Topic: GREAT long-term-care insurance article by Christine Benz
Replies: 55
Views: 6074

Re: GREAT long-term-care insurance article by Christine Benz

People seem to put LTC expense and retirement living expense in different conceptual pigeonholes. It's odd. In estimating living expenses in retirement, you see people assuming that these will be lower than those they had when they were still working. But if they have to pay for LTC, obviously their...
by GregLee
Thu Aug 09, 2012 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Help me choose home theater system from Costco
Replies: 23
Views: 6015

Re: Update-Help me choose home theater system from Costco

Quick related question, does anyone know if this type of Sound bar can eventually be used as a center channel speaker in a 7.1 speaker system? Just curious. I don't know whether you can arrange that. I don't think you'd want to. I spent some time using my TV speakers as a center channel -- didn't s...
by GregLee
Wed Aug 08, 2012 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: What was Your Starting Salary Out of College?
Replies: 151
Views: 11652

Re: What was Your Starting Salary Out of College?

$10,500 in 1971 ($59,494 in 2012 dollars).
by GregLee
Wed Aug 08, 2012 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: New PA Teacher - Pension Fund Class Choice Help
Replies: 8
Views: 1615

Re: New PA Teacher - Pension Fund Class Choice Help

She'd be paying an extra 2.8% of her salary for an extra 25% pension benefit. That's a good deal. Well, the higher election is, anyway. She should probably assume she'll be paying the higher "shared risk" 12.30% from her salary, which is stingier than state pensions of the past. I paid in ...
by GregLee
Tue Aug 07, 2012 3:55 pm
Forum: Personal Consumer Issues
Topic: Wanting to become a faster reader
Replies: 26
Views: 2574

Re: Wanting to become a faster reader

P.S. As I understand it, one of the chief tenets of Reading Dynamics and similar systems is "no sub-vocalization." Does this mean that when speed-readers read a novel, they do not project any voice characterizations into the characters? Harry Potter and Lord Voldemort do not sound differe...
by GregLee
Tue Aug 07, 2012 12:53 pm
Forum: Personal Consumer Issues
Topic: Wanting to become a faster reader
Replies: 26
Views: 2574

Re: Wanting to become a faster reader

I don't draw a line between skimming and reading word-by-word. Those are just two places on a personal information-processing continuum, which has more extreme points, too: deciding not to bother with some article because of some preconceived notion of my own or because of a bad recommendation, and ...
by GregLee
Mon Aug 06, 2012 11:42 pm
Forum: Personal Consumer Issues
Topic: Stream Olympics without cable?
Replies: 39
Views: 6839

Re: Stream Olympics without cable?

If you wanted to be able to pick what sport you wanted to watch (instead of being limited to one station). Or if you wanted to pick replays of events you missed The NBC coverage on DirecTV uses 8 channels, occasionally: the regular NBC local broadcast affiliate, a 3D channel, several repurposed NBC...
by GregLee
Mon Aug 06, 2012 10:45 pm
Forum: Personal Consumer Issues
Topic: Wanting to become a faster reader
Replies: 26
Views: 2574

Re: Wanting to become a faster reader

nisiprius wrote:(there's no such word as computer-user)

Yes, there is. It has a regular form and a regular interpretation: one who uses a computer.
by GregLee
Mon Aug 06, 2012 1:44 pm
Forum: Investing - Theory, News & General
Topic: International Equities - increasing or decreasing risk?
Replies: 112
Views: 9448

Re: International Equities - increasing or decreasing risk?

I'm trying to understand if international equity is supposed to decrease or increase risk in my portfolio. It depends, since risks don't add in a simple way. Think about buying a second subwoofer for your home theater. If' you're not careful, you may wind up with less bass than you had with just on...