Search found 657 matches

by Don Robins
Sat Jan 28, 2012 6:14 pm
Forum: Investing - Theory, News & General
Topic: "Fixed index annuity"
Replies: 164
Views: 13793

Re: "Fixed index annuity"

Fixed indexed annuities are among the very worst products invented by the insurance industry to scam consumers. Are they ever good? Yes, they are always good for the agent and the company. Be wary, there is at least one sales agent on this forum who says these products can be O.K. Again, it is O.K. ...
by Don Robins
Sat Dec 31, 2011 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know what your state Guaranty Association is/does?
Replies: 28
Views: 1781

Re: Do you know what your state Guaranty Association is/does

I'm of the opinion that the less that is communicated to insurance buyers, the better. That is an interesting opinion. I believe that's known as "information asymmetry," and it is generally considered to confer a competitive advantage on the party who has more information. Holy Moly Batma...
by Don Robins
Sat Dec 31, 2011 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you know what your state Guaranty Association is/does?
Replies: 28
Views: 1781

Re: Do you know what your state Guaranty Association is/does

I'm of the opinion that the less that is communicated to insurance buyers, the better. That is an interesting opinion. I believe that's known as "information asymmetry," and it is generally considered to confer a competitive advantage on the party who has more information. Holy Moly Batma...
by Don Robins
Fri Dec 30, 2011 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know what your state Guaranty Association is/does?
Replies: 28
Views: 1781

Re: Do you know what your state Guaranty Association is/does

You should not rely on your State Life Insurance Guarantee Associations. There are holes and you could very well fall through one. I agree completely that one should not rely on the Guarantee Associations. However, what do you mean by "holes"? Guess it depends on how one defines the word ...
by Don Robins
Fri Dec 30, 2011 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know what your state Guaranty Association is/does?
Replies: 28
Views: 1781

Re: Do you know what your state Guaranty Association is/does

You should not rely on your State Life Insurance Guarantee Associations. There are holes and you could very well fall through one.
by Don Robins
Wed Dec 21, 2011 9:08 pm
Forum: Personal Investments
Topic: When do you not invest?
Replies: 23
Views: 2998

Re: When do you not invest?

It is generally best, not to invest, when you do not have any money.
by Don Robins
Wed Dec 21, 2011 9:06 pm
Forum: Investing - Theory, News & General
Topic: Is the market preoccupied with the negative?
Replies: 19
Views: 4381

Re: Is the market preoccupied with the negative?

That seems to be the case for most of the last decade.
by Don Robins
Thu Dec 15, 2011 11:37 am
Forum: Investing - Theory, News & General
Topic: Gold continues to fall
Replies: 178
Views: 18903

Re: Gold continues to fall

See edit.
by Don Robins
Thu Dec 15, 2011 1:57 am
Forum: Investing - Theory, News & General
Topic: Gold continues to fall
Replies: 178
Views: 18903

Re: Gold continues to fall

That said, I do not plan to sell and live on the proceeds of the gold, carpets and crystal. When I die my heirs can decide what to do with the stuff. They can keep it, enjoy it, store it, sell it, make a few bucks, or they can just complain that they have to deal with it. Not me. I have no heirs. W...
by Don Robins
Wed Dec 14, 2011 7:11 pm
Forum: Investing - Theory, News & General
Topic: Gold continues to fall
Replies: 178
Views: 18903

Re: Gold continues to fall

No newletters here. Leave that up to other bogleheads. I just took the boglehead principle of diversification a little further than others and added some physical gold, oriental carpets and collectible crystal. The physical items have all gone up in value and my paper investments have all gone down ...
by Don Robins
Wed Dec 14, 2011 6:13 pm
Forum: Personal Investments
Topic: What type of account? Annuities?
Replies: 45
Views: 3012

Re: What type of account? Annuities?

All insurance products have expenses, including all annuities. They just do not tell you what they are.
by Don Robins
Wed Dec 14, 2011 6:10 pm
Forum: Investing - Theory, News & General
Topic: Going back to 2007 existing home sales to be revised lower
Replies: 13
Views: 1266

Re: Going back to 2007 existing home sales to be revised low

No bad or good news here. Home sales have been what they have been. Our government often calls it wrong. Usually they don't realize we are in a recession until it is over.
by Don Robins
Wed Dec 14, 2011 6:04 pm
Forum: Investing - Theory, News & General
Topic: Gold continues to fall
Replies: 178
Views: 18903

Re: Gold continues to fall

I bought gold at under $400 an ounce. Best financial move I ever made.
by Don Robins
Wed Dec 07, 2011 7:40 pm
Forum: Investing - Theory, News & General
Topic: Taylor's Tax Tips
Replies: 30
Views: 6710

Re: Taylor's Tax Tips

Very, very good tips.
Thanks Taylor
by Don Robins
Fri Dec 02, 2011 3:41 pm
Forum: Personal Investments
Topic: 2012 social security
Replies: 31
Views: 4410

Re: 2012 social security

I get a letter every year but have not gotten one yet this year.
by Don Robins
Fri Dec 02, 2011 3:39 pm
Forum: Personal Investments
Topic: dividend vs. capital appreciation
Replies: 5
Views: 863

Re: dividend vs. capital appreciation

The use of dividend paying funds or stocks makes sense in retirement. I do this and it
has worked well for me.
by Don Robins
Tue Nov 29, 2011 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Probate and Will Question
Replies: 17
Views: 2141

Re: Probate and Will Question

Thanks for all the responses. Very helpful but here it is 5 months later and the attorney has still not sent the final paperwork to settle the estate... How exactly does one send a letter to the probate court? In addition, is the executor allowed to "fire" the attorney at this stage of th...
by Don Robins
Fri Nov 25, 2011 12:33 am
Forum: Investing - Theory, News & General
Topic: Best Bogle(head) book for daytrader?
Replies: 13
Views: 1545

Re: Best Bogle(head) book for daytrader?

Best book for daytrader would be: "Eat, Pray, Love."
by Don Robins
Fri Nov 25, 2011 12:29 am
Forum: Personal Finance (Not Investing)
Topic: few questions about life insurance policy
Replies: 18
Views: 1180

Re: few questions about life insurance policy

Brody also said: "If you have sex with your wife, buy a policy now. Assume that she is pregnant." Let's take the example of Ron and Judy, both of whom are in their late 60's. Both are healthy and enjoy sex, though not as often as when they were younger. Does this mean: 1. That Ron should a...
by Don Robins
Wed Nov 23, 2011 2:40 am
Forum: Personal Consumer Issues
Topic: Best Way To Roast A Turkey
Replies: 30
Views: 3996

Re: Best Way To Roast A Turkey

Done, very done. Falling off the bone, done.
by Don Robins
Wed Nov 23, 2011 2:37 am
Forum: Personal Consumer Issues
Topic: Do you miss the 90's
Replies: 49
Views: 3792

Re: Do you miss the 90's

The 90's was only yesterday.
by Don Robins
Mon Nov 21, 2011 12:28 am
Forum: Investing - Theory, News & General
Topic: The oldest old: Reaching 90 more likely than ever
Replies: 10
Views: 1321

Re: The oldest old: Reaching 90 more likely than ever

Just for a little balance, lifespans are expected to decrease due to diabetis and other chronic diseases based on the American lifestyle. While I certainly wish that all of us live to a ripe old age, in good health I am increasingly aware of the number of people I know who are dying in their forties...
by Don Robins
Fri Nov 18, 2011 11:37 am
Forum: Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 7286

Re: Phoenix annuity, fixed

My problem is mainly with the insurance companies. Historically, the industry creates products designed to be difficult fot consumers to understand. Over the decades, companies keep creating products that are ever more complicated and less easy to understand. Some of these products are so complex th...
by Don Robins
Fri Nov 18, 2011 2:02 am
Forum: Personal Consumer Issues
Topic: Whats the best mattress out there
Replies: 29
Views: 4131

Re: Whats the best mattress out there

I vote for the Tempurpedic. I read the long thread on this subject a few months ago. Went to the mattress stores and bought the tempurpedic. It is better than the firm inner spring mattresses we have slept on for decades. I judge it worth the high cost.
by Don Robins
Thu Nov 17, 2011 11:33 pm
Forum: Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 7286

Re: Phoenix annuity, fixed

There are brokerage organizations that specialize in selling high commission annuities, usually with lower rated companies. I will not name any of those organizations but Conseco is almost always a company they use. These brokerage organizations and the brokers they use sell huge amounts of low qual...
by Don Robins
Thu Nov 17, 2011 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good rate for term life insurance from Banner life
Replies: 36
Views: 3531

Re: Is this a good rate for term life insurance from Banner

Bro and Bru, We disagree on the points discussed above. I hope that in the future, when we disagree on issues that after we have exhausted our reasoning that we just agree to disagree. That said, here is an excerpt on a one year suicide provision: Pennsylvania – s73.115 Benefit Exclusions – Title 31...
by Don Robins
Thu Nov 17, 2011 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good rate for term life insurance from Banner life
Replies: 36
Views: 3531

Re: Is this a good rate for term life insurance from Banner

Some attorneys who work in the area of life insurance incontestability have this to say about the subject: "Article: Life Insurance Policy Benefits: The Two Year Contestability Period Most people think that collecting on life insurance proceeds is a simple process – and it should be, in theory....
by Don Robins
Thu Nov 17, 2011 7:32 pm
Forum: Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 7286

Re: Phoenix annuity, fixed

A person I know well is in the insurance business. He gets solicited by insurance companies to sell their equity indexed annuities and has been offered first year commisions as high as 15% Here is an example of A Conseco EIA that offers 13% commission: "Conseco EIA – 13% Commission. Looking for...
by Don Robins
Thu Nov 17, 2011 6:28 pm
Forum: Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 7286

Re: Phoenix annuity, fixed

Mr. Brody, My posts are designed to give the best advice I can to other posters. Unfortunately we often disagree on insurance issues. By pointing out what is wrong with something you say, or in posting something conrtrary to what you say, I AM NOT attacking you. My sole intent is to provide good inf...
by Don Robins
Thu Nov 17, 2011 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good rate for term life insurance from Banner life
Replies: 36
Views: 3531

Re: Is this a good rate for term life insurance from Banner

This commissioned salesman doesn't care if Opponent buys or doesn't buy life insurance. I don't care what he does or does not put on a life insurance policy. I post to make sure that people are getting correct information. Do you have any example of someone being honest and then having a policy bei...
by Don Robins
Thu Nov 17, 2011 6:00 pm
Forum: Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 7286

Re: Phoenix annuity, fixed

Brody said: "Let's however stay away from the commission hyperbole. Maybe somewhere there is one that pays some giant commission like that. I certainly haven't seen that and it is completely irrelevant to anybody not buying that particular product. In general, a higher commission simply relates...
by Don Robins
Thu Nov 17, 2011 1:34 pm
Forum: Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 7286

Re: Phoenix annuity, fixed

My take is to focus on not buying any Equity Indexed Annuity. Based on reading this thread, that is what it appears is being discussed. These products are not to be understood by the buyer and the selling agents often do not understand them fully. They do pay up to 15% first year commission versus a...
by Don Robins
Thu Nov 17, 2011 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good rate for term life insurance from Banner life
Replies: 36
Views: 3531

Re: Is this a good rate for term life insurance from Banner

Opponent, Of course, that is your choice not to take the time to find out answers to questions you may have forgotten or cannot recall off the top of your head. You may want to remember this. A life insurance contract is a contract. The insurance company stands to lose potentially huge amounts of mo...
by Don Robins
Wed Nov 16, 2011 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good rate for term life insurance from Banner life
Replies: 36
Views: 3531

Re: Is this a good rate for term life insurance from Banner

If you die during the contestability period, the insurance company will most likely investigate the application, and any other relevant documents. During their investigation, they will determine if there are any material misrepresentations that they can base their life insurance claim denial on. Obv...
by Don Robins
Wed Nov 16, 2011 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Is life insurance necessary?
Replies: 49
Views: 2663

Re: Is life insurance necessary?

Obviously you should ask yourself if you have enough in case you die or become disabled. But I can tell you this much. I plan to cancel my life and disability insurance when I have 8 times my salary saved up. I'll be financially independent at that point. wow, that is kinda ballsy. I guess it depen...
by Don Robins
Tue Nov 15, 2011 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is life insurance necessary?
Replies: 49
Views: 2663

Re: Is life insurance necessary?

Very wealthy people typically own lots of life insurance. As they say around Wikipedia, "citation needed." What's your evidence for that statement? A citation from a reliable source that any of us can verify? My statement was poorly crafted and is factually incorrect. Instead of saying th...
by Don Robins
Tue Nov 15, 2011 4:04 pm
Forum: Personal Consumer Issues
Topic: When To Upgrade To A New Computer
Replies: 39
Views: 3916

Re: When To Upgrade To A New Computer

When my computer runs slow, and I cannot speed it up at a low cost, or it has difficulty running newer programs is when I buy
a new computer. Computers are cheap compared to the past. I also no longer use my typewriter.
by Don Robins
Tue Nov 15, 2011 1:53 am
Forum: Personal Consumer Issues
Topic: online back up
Replies: 29
Views: 2191

Re: online back up

I have been afraid to use online backup as it seems that all my information is then--out there. With all the hacking going on in the world, I feel safer keeping my information inhouse. Sure, someone could probably hack me here, but I don't see any reason someone would want to. I may be absolutely wr...
by Don Robins
Tue Nov 15, 2011 1:51 am
Forum: Personal Investments
Topic: At What Point Does Performance Overcome Expense Ratio?
Replies: 18
Views: 1799

Re: At What Point Does Performance Overcome Expense Ratio?

I have long thougt that tilting a portfolio from total stock market can only be validated statistically by slicing and dicing history into fixed segments. I also think that these statistics have absolutely no predictive value for future performance. I stick with total U.S. stock market with a little...
by Don Robins
Tue Nov 15, 2011 12:27 am
Forum: US Chapters
Topic: Jacksonville Local Chapter Formed
Replies: 23
Views: 6086

Re: Jacksonville

Jacksonville is a great city and I recommend meeting at the beach. You will enjoy it.
by Don Robins
Mon Nov 14, 2011 5:00 pm
Forum: Personal Consumer Issues
Topic: Haircut Tip - How much poll
Replies: 39
Views: 3928

Re: Haircut Tip - How much poll

mudfud wrote:$15 for the haircut, $5 for the tip.
Amazing, that is exactly what I do.
by Don Robins
Mon Nov 14, 2011 4:58 pm
Forum: Investing - Theory, News & General
Topic: Is there any agreement on what money is?
Replies: 62
Views: 4955

Re: Is there any agreement on what money is?

Whenever the group decides what money is, please send some my way.
by Don Robins
Mon Nov 14, 2011 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Precius metals
Replies: 19
Views: 1651

Re: Precius metals

I bought some gold bullion about sever or eight years ago as a diversifier. Of course, it has increased in value, but I did not buy it for that purpose.
by Don Robins
Mon Nov 14, 2011 11:08 am
Forum: Investing - Theory, News & General
Topic: Corporate Bond Expected Returns
Replies: 9
Views: 1284

Re: Corporate Bond Expected Returns

I own some VFICX which is composed of high quality bonds. Is there really an expected default rate of 2%.
by Don Robins
Mon Nov 14, 2011 1:49 am
Forum: Investing - Theory, News & General
Topic: Is there any agreement on what money is?
Replies: 62
Views: 4955

Re: Is there any agreement on what money is?

Guess I really don't know what money is, but if you don't have any or don't have enough of it,
life is very difficult and painful.
by Don Robins
Sun Nov 13, 2011 6:05 pm
Forum: Personal Investments
Topic: variable annuity witdrawals
Replies: 7
Views: 750

Re: variable annuity witdrawals

Mel is absolutely correct. Here are some of the tax reform acts that have affected annuity taxation. I expect more in the future as
our government seeks to close the fiscal gap.

http://www.annuityadvisors.com/RefCente ... 8207b5a6e2
by Don Robins
Sat Nov 12, 2011 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Huge windfall, should I pay off house?
Replies: 33
Views: 4483

Re: Huge windfall, should I pay off house?

If you itemize deductions it probably does not make sense to pay off your mortgage.
by Don Robins
Sat Nov 12, 2011 5:24 pm
Forum: Personal Consumer Issues
Topic: Mouthwash
Replies: 37
Views: 3488

Re: Mouthwash

Try vodka, straight or flavored as you prefer.
by Don Robins
Wed Nov 09, 2011 4:11 pm
Forum: Personal Investments
Topic: Vanguard Utility ETF Sale
Replies: 11
Views: 1807

Re: Vanguard Utility ETF Sale

I would not buy or sell based on M*'s recommendation. They want you to think they know something you don't know.
They really don't. That said, utilities are one of the safer ways to buy equities. People need power, regardless of what
is happening in Greece or Italy.
by Don Robins
Wed Nov 09, 2011 12:37 pm
Forum: Personal Investments
Topic: Gold and silver
Replies: 21
Views: 2030

Re: Gold and silver

I look at owning gold as just an added layer of diversification. Owning some gold makes sense to me in these economic times.