Search found 416 matches

by Specialized
Fri Apr 27, 2012 8:15 pm
Forum: Personal Investments
Topic: Mom seeking adviser in SoCal
Replies: 1
Views: 311

Mom seeking adviser in SoCal

My mother is looking for a fee-only financial/estate planner to help her manage her portfolio and plan the distribution of her assets to her heirs during her life and afterwards. Ideally, the adviser would be in the Long Beach/Orange County, CA area. She is 68 and in decent health. Her estate is pro...
by Specialized
Thu Mar 08, 2012 7:05 pm
Forum: Investing - Theory, News & General
Topic: Should being a renter vs owner change your AA?
Replies: 37
Views: 2664

Re: Should being a renter vs owner change your AA?

I have slowly become convinced that renting is either a bet against housing or a miserable consequence of a lack of job stability, but not a really recommended choice, especially for a Boglehead who thinks the right AA depends on few factors and would not, I assume, make bets against housing. Basic...
by Specialized
Thu Feb 09, 2012 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Calculated Risk calls bottom of US housing market
Replies: 40
Views: 3349

Re: Calculated Risk calls bottom of US housing market

VT: The problem I have with CR is not that they can't come up with a plausible explanation (or "thinking"), but that their plausible explanations are based on so many assumptions that they take as true. I just can't take things I read at face value, hence, I'm skeptical. For instance (and I haven't...
by Specialized
Thu Feb 09, 2012 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Economics of eating out
Replies: 75
Views: 8684

Re: Economics of eating out

4strings wrote:Image
Sure, eating out is more expensive than eating at home. However, the costs of eating at home are more volatile. Therefore, conservative investors prefer to eat out most of the time.
by Specialized
Mon Jan 30, 2012 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you morally against strategic mortgage defaults
Replies: 32
Views: 2952

Re: For those of you morally against strategic mortgage defa

Corporate and homeowner strategic defaults aren't equivalent. A company that files for bankruptcy has to convince a judge it can't go on operating unless it gets (usually partial) relief from it debts. The judge can reject the bankruptcy if he or she believes the company can afford to pay what it ow...
by Specialized
Mon Jan 30, 2012 11:42 am
Forum: Investing - Theory, News & General
Topic: What are the most UNETHICAL companies?
Replies: 16
Views: 2116

Re: What are the most UNETHICAL companies?

Pro Computer Center on Santa Monica Blvd in LA. They totally ripped me off, never go there:

http://www.yelp.com/biz/pro-computer-ce ... -angeles-2
by Specialized
Mon Jan 30, 2012 11:35 am
Forum: Investing - Theory, News & General
Topic: Problems with TD website?
Replies: 15
Views: 1169

Problems with TD website?

Has anyone been able to buy bonds on Treasury Direct in the past day or so? I've tried several times, and when I try to use the express purchase, a TD webpage comes up that says the site is unavailable. Anyone else had that problem?
by Specialized
Thu Jan 05, 2012 3:01 pm
Forum: Investing - Theory, News & General
Topic: Who Will Your Spouse Call when You're Dead?
Replies: 31
Views: 3903

Re: Who Will Your Spouse Call when You're Dead?

Rick, let's say you make it into retirement with a solid portfolio but a finanically ignorant spouse. Do you think it's a good idea to annuitize a significant chunk of your portfolio to limit the damage the spouse can do to his/her financial well being if you die first?
by Specialized
Sun Jan 01, 2012 9:20 pm
Forum: Investing - Theory, News & General
Topic: Update: The Incredible Shrinking Market
Replies: 87
Views: 11750

Re: Update: The Incredible Shrinking Market

My own experience with Sarbanes Oxley as a tech VP at a medium sized tech firm was that most of the outrageous costs came from greedy consultants telling us we had to pay them to implement protocols that weren't really required by the law. If there was an easy way to comply and a hard way, the cons...
by Specialized
Wed Nov 23, 2011 12:55 pm
Forum: Investing - Theory, News & General
Topic: On the current crisis
Replies: 202
Views: 14715

Re: On the current crisis

Gumby It's not that I have become more bearish, it's that the risks have increased because of failure to act and now banks cannot get funding. That increases the odds of failure. System more fragile and subject to a failure setting off a bad cycle of events. But of course what I have said is alread...
by Specialized
Fri Nov 18, 2011 5:47 pm
Forum: Investing - Theory, News & General
Topic: Is Interest a Scam?
Replies: 49
Views: 4300

Re: Is Interest a Scam?

I think the biggest scam is the ignorance about this truth you bring up. The United States needs to maintain deficit spending if it hopes have net private sector saving and a growing economy. Government surplus are not sustainable. It is disgusting for me to hear politicians talk about our "debt pr...
by Specialized
Mon Nov 07, 2011 1:38 pm
Forum: Investing - Theory, News & General
Topic: Greek debt write down
Replies: 6
Views: 816

Re: Greek debt write down

Holders of US government debt would certainly agree to a voluntary 50% haircut, rather than a default. Credit default swap contracts would not be triggered, and thus there would be no "credit event." Nothing to worry about!
by Specialized
Tue Oct 11, 2011 11:13 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 15796

with a few tragic exceptions, a series of neurochemical and hormonal changes naturally occur in parents that prepare them to nurture their offspring. these motivational changes make their offspring seem like the most important things in their life, because in genetic terms they are. your primary in...
by Specialized
Tue Oct 11, 2011 11:45 am
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 15796

Re: Children

BTW, my mother agrees with our decision and tells us that if she had a re-do she would not have kids either. Your mother told you she regrets having you? I don't know how I would react to that, but it wouldn't feel good. Um, yeah. It's twilight-zone bizarre to hear someone say something like that.
by Specialized
Mon Oct 10, 2011 11:23 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 15796

scrabbler1 wrote:BogleTurtle, that was a wonderfully honest and heartwarming story. Thank you so much for sharing it with us. :)
Personally, I think actuaryinvestor's story about the joys and tears of being a parent is more heartwarming than a story about a miscarriage. But hey, to each his own.
by Specialized
Thu Aug 25, 2011 5:03 pm
Forum: Investing - Theory, News & General
Topic: Munies are not as bonds-like as they used to be
Replies: 18
Views: 2205

Regarding liabilities... There will be serious cuts in benefits in the future and these cuts will most likely come before States will start declare bankruptcies on the bond obligations. Accurately predicting the outcomes of political events is as difficult as predicting future stock prices or inter...
by Specialized
Thu Aug 25, 2011 5:00 pm
Forum: Investing - Theory, News & General
Topic: Gold as a bubble (or not)
Replies: 25
Views: 2712

Re: Gold as a bubble (or not)

Predicting $3000 gold in 1981 must have been foreseeing the disintegration of the global economy, not merely the US in a double-dip recession as it was at the time. A 50% rise in gold, while not foreboding a similar disintegration, does not seem out of the realm of possibility if we soon go into a ...
by Specialized
Thu Aug 25, 2011 1:20 pm
Forum: Investing - Theory, News & General
Topic: Gold as a bubble (or not)
Replies: 25
Views: 2712

I don't feel I have any way to judge which way the price of gold will go, now or at any time in the future. It depends on how much confidence people have in fiat currency. That confidence could contiue to erode, or it could increase very quickly like it did in the early 1980's.
by Specialized
Tue Aug 09, 2011 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else worried about their bonds?
Replies: 32
Views: 3997

Because my concern is not that my country wont have the ability to pay me. My concern is that it wont have the will to pay me. There is an historic precedent for a prosperous country becoming unable to pay it's bills for reasons that have nothing to do with economics. In 1920 Argentina had the sixt...
by Specialized
Tue Aug 09, 2011 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else worried about their bonds?
Replies: 32
Views: 3997

fredflinstone wrote:I am worried about my munis, not my tips.
Don't worry, Meredith Whitney is nuts.
by Specialized
Mon Jun 06, 2011 1:25 pm
Forum: Investing - Theory, News & General
Topic: The annuity puzzle
Replies: 145
Views: 11495

it's actually remarkably French Post Modernist. Everything is suspect, everything is biased. There is no absolute truth about anything. It's all morally relative. As the Washington Monthly pointed out a few years ago (piece by Jonathan Rauch about something completely different) it's remarkable how...
by Specialized
Mon Jun 06, 2011 1:15 pm
Forum: Investing - Theory, News & General
Topic: The annuity puzzle
Replies: 145
Views: 11495

And indeed in other countries like the UK and Canada, annuitisation is a requirement. Her Majesty's Treasury sees it this way: we subsidized your accumlation of savings with significant tax breaks, we do not want you to squander your money and then fall back on us. What if one of Her Majesty's subj...
by Specialized
Fri May 13, 2011 12:57 pm
Forum: Personal Investments
Topic: I-bonds online order form?
Replies: 8
Views: 1931

I-bonds online order form?

I noticed that Treasury Direct now has an online order form for I and EE bonds. You are supposed to fill in your personal information and what bonds you want to order, print out the form, and mail it and a check to the Fed Bank in Minneapolis. Has anyone ordered I-bonds this way? How long did it tak...
by Specialized
Fri Apr 29, 2011 8:26 pm
Forum: Personal Investments
Topic: TIPS: Hitting the High End of the Band?
Replies: 19
Views: 3031

Of course, the downside of Larry's approach is losing inflation protection while out of TIPS and waiting for rates to go up. Larry advocates switching back and forth between TIPS and ST treasuries. I'm not 100% certain, but I think he would say ST treasuries also offer inflation protection because ...
by Specialized
Mon Apr 11, 2011 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: The higher education bubble
Replies: 27
Views: 4204

Re: The higher education bubble

Interesting interview in Techcrunch with Paypal's co-founder, Peter Thiel, on his views of market bubbles and what he perceives to be the current bubble. http://techcrunch.com/2011/04/10/peter-thiel-were-in-a-bubble-and-its-not-the-internet-its-higher-education/ The average middle class parent in m...
by Specialized
Wed Apr 06, 2011 4:37 pm
Forum: Investing - Theory, News & General
Topic: Foreign Exchange Student and BH philosophy
Replies: 3
Views: 655

If I were a young Brazilian about to spend a year in os Estados Unidos, learning about the Boglehead investing philosophy would definitely be at the top of my to do list.
by Specialized
Mon Mar 28, 2011 1:36 pm
Forum: Investing - Theory, News & General
Topic: Why Japan equities have underperformed for the past decade?
Replies: 47
Views: 5691

Vanguard's Pacific (which is ~2/3 Japan) currently has a dividend yield more than twice Vanguard's S&P 500. Even with the earthquake's recent sell-off, Pacific (VPACX) beats SP500 (VFINX) in total return over the last 10 years by ~2% annualized. ... a reasonable addition to a well diversified globa...
by Specialized
Sun Mar 27, 2011 9:17 pm
Forum: Investing - Theory, News & General
Topic: Why Japan equities have underperformed for the past decade?
Replies: 47
Views: 5691

One other factor may be that there is less need for Japanese to take risks in the equity market because the retirement insurance and national health care are seen as adequate. The US market benefits from the political decision not to provide real retirement security [not meant as a political commen...
by Specialized
Tue Mar 22, 2011 4:03 pm
Forum: Investing - Theory, News & General
Topic: I still side with Mr. Bogle on this, but check out this link
Replies: 49
Views: 6164

is there a "getting out of bed everyday" risk? sure. it's real. should you ignore it? probably. you don't have to ignore it. you could stay in bed all day and reduce "getting out of bed everyday" risk. seems biased towards paranoia. seems like the tail wagging the dog. same thing with currency risk...
by Specialized
Thu Mar 17, 2011 3:10 pm
Forum: Personal Investments
Topic: Vanguard/Fidelity/Schwab
Replies: 21
Views: 3721

Here is an article I wrote about total market funds that you might find interesting: Buying The Market Is Not As Simple As It Seems Vanguard VTSAX Total Market Index tracks the MSCI US Broad Market Index and holds about 3400 stocks. Fidelity FSTMX Total Market Index tracks the DJ Total Stock Market...
by Specialized
Mon Mar 14, 2011 12:04 pm
Forum: Investing - Theory, News & General
Topic: Will Japan emerge economically stronger after their tragedy?
Replies: 18
Views: 1953

I read the "broken windows fallacy" link above. I am far from being an economist, but I thought it was WWII that pulled the US out of the Great Depression. Is that a misconception I have been carrying for so long? Cheers, charlie If you want to improve the economy, do you think the best way to go a...
by Specialized
Fri Mar 11, 2011 2:30 pm
Forum: Investing - Theory, News & General
Topic: "Everyone" used to have a pension?
Replies: 16
Views: 1841

Having a pension managed through the same corporation you're working for, is quite possibly the worst idea I've heard of in my life. Even respectable experienced corporations who need to keep an eye on this sort of thing have Chinese wall leak issues. Do you know how many corporations last for 30 o...
by Specialized
Thu Mar 10, 2011 12:00 pm
Forum: Investing - Theory, News & General
Topic: ....
Replies: 116
Views: 21324

I agree with those who say that it's way to early to say how present budgetary conditions are going to affect the muni market. However, I think it's worth noting that muni offering are way down so far this year: http://finance.yahoo.com/banking-budgeting/article/112300/deep-freeze-hits-muni-bond-mar...
by Specialized
Wed Mar 02, 2011 8:58 pm
Forum: Investing - Theory, News & General
Topic: Tips are not guaranteed To track "inflation"
Replies: 154
Views: 16728

hlfo718 wrote:There is nothing better at this point so nothing we can do.
No, you can diversify. 100% TIPS is a foolish allocation.
by Specialized
Wed Mar 02, 2011 8:55 pm
Forum: Investing - Theory, News & General
Topic: Tips are not guaranteed To track "inflation"
Replies: 154
Views: 16728

Your best bet, especially as a physician, is to never quit your day job. I am one of the few to look upon retirement as a bad thing, but think about all the patients that get fat and demented and grumpy when they retire. I think it's the rare person who is well served by quitting their day job. And...
by Specialized
Fri Feb 25, 2011 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: ING Direct's Orange Savings drops to 1% APY
Replies: 33
Views: 5431

ndchamp wrote:
Grandpaboys wrote:For online savings account the best deal available is American Express @ 1.30%
My online Discover Bank Premium Savings Account is currently at 1.30 pct APY.
I have that too, but new customers only get 1.2% from Discover.
by Specialized
Fri Feb 25, 2011 1:20 pm
Forum: Investing - Theory, News & General
Topic: "The Average Investor Should Use An Investment Advisor&
Replies: 68
Views: 8717

The problem I have with this post is if the average investor isn't savy enough to choose a reasonable allocation between stocks and bonds, he/she isn't savy enough to choose a good advisor.
by Specialized
Mon Feb 14, 2011 4:58 pm
Forum: Personal Consumer Issues
Topic: "Can Buying Generic Lower Your Self-esteem?"
Replies: 73
Views: 6349

I don't buy almost any packaged food. When I do, I buy generic, e.g., Trader Joe's organic teas and Whole Foods' organic eggs. Napkins, tissues, etc., are almost exclusively generic. I never thought of this as an issue of self-esteem. Victoria I would not consider Trader Joe's and Whole Foods brand...
by Specialized
Sun Feb 13, 2011 3:51 pm
Forum: Personal Consumer Issues
Topic: The Donald: Role Model or Poser?
Replies: 24
Views: 2597

He makes good ties.
by Specialized
Fri Feb 11, 2011 5:15 pm
Forum: Personal Consumer Issues
Topic: Any bogleheads collect baseball cards?
Replies: 28
Views: 2988

I have about 10,000 in the closet right now from late 80s early 90s. 99% are commons, but some are the "valuable" cards from that period. (Griffey, Sandburg, McGwire). I wish I had the sense back then to know that a piece of cardboard being printed by the millions had no intrinsic value. What can I...
by Specialized
Tue Feb 08, 2011 3:04 pm
Forum: Investing - Theory, News & General
Topic: jp morgan takes gold as collateral! yikes!
Replies: 46
Views: 4781

In fact the "gold standard" only dates from the late 1800s and follows a period when silver was the standard. When William Jenning Bryan gave his Cross of Gold speech, it was because the gold standard had not been adopted in the United States. This is incorrect. For most of the 19th century the US ...
by Specialized
Fri Dec 31, 2010 4:44 pm
Forum: Personal Consumer Issues
Topic: Strange Consumer Products
Replies: 4
Views: 747

mcblum wrote:What would happen if you turned them inside-out? Marty
The manufacturer would void the warrantee.
by Specialized
Thu Dec 23, 2010 11:09 am
Forum: Personal Investments
Topic: I Bonds & Winning Bond Strategy
Replies: 5
Views: 1613

The change was announced in December of 2007 with less than a month's notice and no real explanation, and it makes me mad. I'm disappointed at the lack of public outrage and the lack of any organized effort to restore the limit to its proper level. Why do I say "proper level?" Well, the announcemen...
by Specialized
Sun Dec 12, 2010 7:39 pm
Forum: Personal Consumer Issues
Topic: 10 Crummiest Retirement States
Replies: 64
Views: 10048

Re: 10 Crummiest Retirement States

The majority of retirees in NYS pay no state income tax. I know a retired couple who draw a combined $275K in social security and NYS pension income, and they pay $0 in state taxes. That's one of the reasons why NYS has such big financial problems... I rather doubt it, given the relatively small ta...
by Specialized
Fri Dec 10, 2010 4:49 pm
Forum: Personal Consumer Issues
Topic: 10 Crummiest Retirement States
Replies: 64
Views: 10048

Re: 10 Crummiest Retirement States

ddb wrote:The majority of retirees in NYS pay no state income tax. I know a retired couple who draw a combined $275K in social security and NYS pension income, and they pay $0 in state taxes.
That's one of the reasons why NYS has such big financial problems...
by Specialized
Fri Dec 10, 2010 12:39 am
Forum: Personal Investments
Topic: VWITX, How Safe are these Munis?
Replies: 19
Views: 4287

This has been discussed several times. The muni default rate per Bloomberg is .03% Corporate bonds default is .97% . Isn't that 30 times more. Your typical municipal or state budget has a debt service of about 7% of total budget. So it's not exactly crowding out other expenses. Source Swedroe Blog ...
by Specialized
Sun Dec 05, 2010 5:51 pm
Forum: Investing - Theory, News & General
Topic: NYT: Looming Crisis for States?
Replies: 65
Views: 7309

Re: NYT: Looming Crisis for States?

This effects me personally because I just took early retirement from a local government. My modest pension and health care benefits are dependent on the financial condition of my ex-employer. If you're concerned about this, why did you take early retirement? You could be relying on your local gover...
by Specialized
Thu Dec 02, 2010 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of low interest on teaching thrift?
Replies: 20
Views: 2265

The parents are the Fed. The kids are the American people. The parents are trying to teach the kids not to be thrifty.