Search found 262 matches

by Schooly D
Tue Mar 17, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2965862

Re: U.S. stocks in free fall

This downturn has been remarkably swift, and the nominal point drops have reached historic levels, but if you look at an inflation-adjusted log scale of the S&P 500 over the last 20 years it's clear that we've got a long way to go before this sell-off approaches what we experienced when the inte...
by Schooly D
Mon Mar 16, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2965862

Re: U.S. stocks in free fall

I can't even imagine being anywhere near 100% stocks at a time like this. It cuts both ways. I reduced exposure to equities back in February 2018, thinking that after a nine-year bull market equities were overvalued and we were due for a major correction. Turns out I was right, I guess, but it took...
by Schooly D
Mon Mar 16, 2020 4:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2965862

Re: U.S. stocks in free fall

trying not to freak out. trying to not look at my balances. this is the first time ive had to go through anything like this (regarding the stock market). can someone show me the math and tell me how this could hypothetically work out in the long run? if we lose 50%, and then have 10% growth per yea...
by Schooly D
Mon Mar 16, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2965862

Re: U.S. stocks in free fall

GoldenFinch wrote: Mon Mar 16, 2020 6:22 am
Article in Wall Street Journal today says many Floridians are in full defiance mode. Potential disaster there.
Natural selection in action.
by Schooly D
Thu Jan 17, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 63154

Re: John Bogle has died at age 89

Thank you Jack for championing the idea of an investor community, a group of people who, instead of trying to outfox each other and profit at each others' expense in the financial markets, join together to simply earn their fair share—and no more—of market returns. The world is a better and more equ...
by Schooly D
Thu Dec 20, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2965862

Re: U.S. stocks in free fall

I can't imagine being close to retirement and living through a series of 4-8% daily drops in the major indices within a couple months My father was newly retired in the fall of 2008 and so, alas, he had lots of free time to spend watching the financial news, which was unceasingly bleak. After sever...
by Schooly D
Thu Dec 20, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2965862

Re: U.S. stocks in free fall

Anyone who thinks stocks are now in free fall should review the broadcast news from September and October 2008. It really did feel to many at the time that the end of the world was nigh. And yet, when all was said and done, the market only lost half its value, which it recovered in four years. This ...
by Schooly D
Sun Jul 15, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited retirement account
Replies: 12
Views: 1766

Re: Inherited retirement account

Thanks to all who have commented thus far. The information is very helpful. I'll re-read the comments several times over the next few days to ensure I understand all the considerations. My father just passed away a week ago so my thinking is a bit muddled. Initially I thought my mother had only 30 d...
by Schooly D
Sat Jul 14, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Inherited retirement account
Replies: 12
Views: 1766

Inherited retirement account

My father recently passed away, bequeathing his retirement account and all other assets to his spouse, my mother. She now has to decide whether to have my father's remaining retirement account assets rolled into her own account, into a new inherited IRA, or to disclaim the inheritance and pass it on...
by Schooly D
Wed May 16, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pretax value of aftertax cash gift
Replies: 1
Views: 265

Pretax value of aftertax cash gift

My wife and I are drafting a post-nup and the lawyer/mediator with whom we are working wants us to determine our respective annual contribution to our joint finances. My wife's only source of income is her salary, so that's easy. I, however, receive several thousand dollars annually from relatives a...
by Schooly D
Thu Mar 06, 2014 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Minimizing tax liability on home sale/transfer
Replies: 4
Views: 490

Minimizing tax liability on home sale/transfer

Bogleheads, My parents, both in their late 70s, own a house they have lived in for 35 years. The mortgage is long since paid off. Within the next year or so they expect to move to a local retirement community. I live with my wife and kids in the same city as my parents. When they move, one of two th...
by Schooly D
Mon Dec 09, 2013 1:07 pm
Forum: Personal Investments
Topic: Should my mother cash out her variable annuity?
Replies: 3
Views: 675

Re: Should my mother cash out her variable annuity?

When you say the variable annuity has high expenses, just how high are they? The fund expenses are around 0.6% for domestic and international equity. And then the additional charges associated with the annuity run to about 0.5%. So it's a bit over 1% altogether, which, in her case, means about $1,0...
by Schooly D
Mon Dec 09, 2013 11:14 am
Forum: Personal Investments
Topic: Should my mother cash out her variable annuity?
Replies: 3
Views: 675

Should my mother cash out her variable annuity?

Friends, Some time ago my now-retired mother purchased a variable annuity account through TIAA-CREF. She put $30K into the account and it is now worth about $100K. I've recently taken on responsibility for managing her retirement investments, and I've noticed that the annual fees for the funds avail...
by Schooly D
Fri May 07, 2010 10:00 am
Forum: Investing - Theory, News & General
Topic: 5/6/10 Plunge is Still a Mystery
Replies: 54
Views: 5765

Hege fund liquidations and programmed trading are nothing new. If that were the explanation for yesterday's plunge and rapid recovery we should have seen similar episodes many times over the past few years, but I can't recall any.
by Schooly D
Sun Jun 21, 2009 1:44 pm
Forum: Investing - Theory, News & General
Topic: Is a college degree worthless?
Replies: 133
Views: 18596

I went back to grad school not because I thought it would enable me to command a higher salary, but because I was bored to tears in all the jobs I had after finishing undergrad and I craved to be among people who were excited about ideas and learning. I recognize that there probably exist jobs that ...
by Schooly D
Sat May 23, 2009 2:19 pm
Forum: Personal Consumer Issues
Topic: How many children, and why?
Replies: 51
Views: 8611

You would be doubling the chance of losing a child, while making it only slightly more bearable, if at all. I've thought about this too. One faces a similar dilemma when deciding whether to have the whole family travel together on the same plane, raising the possibility of having the whole family p...
by Schooly D
Sat May 23, 2009 4:15 am
Forum: Personal Consumer Issues
Topic: if you had only 1 magazine on an 8 hr flight...
Replies: 87
Views: 13835

50 best magazines, according to the staff of the Chicago Tribune (published in 2006). Interestingly, no personal finance magazines made the cut. http://www.chicagotribune.com/entertainment/chi-0606140373jun15,0,7526382,print.story The 2009 National Magazine award winners: http://www.magazine.org/asm...
by Schooly D
Sat May 23, 2009 3:55 am
Forum: Personal Consumer Issues
Topic: How many children, and why?
Replies: 51
Views: 8611

How many children, and why?

My wife and I are contemplating whether to conceive a second child (the first is nine months old, so there's no rush; on the other hand, we both are over 35 so the clock is ticking). I'm in favor of having a second child, but some of my reasons are a bit morbid. For example, one of my reasons for wa...
by Schooly D
Sat May 23, 2009 1:11 am
Forum: Personal Consumer Issues
Topic: if you had only 1 magazine on an 8 hr flight...
Replies: 87
Views: 13835

You probably won't find these at the airport news stand, but I find them very stimulating reading Daedelus http://www.mitpressjournals.org/loi/daed American Scholar http://www.theamericanscholar.org/ Lapham's Quarterly http://www.laphamsquarterly.org/issue_toc.php Virginia Quarterly Review http://ww...
by Schooly D
Tue May 19, 2009 5:18 pm
Forum: Investing - Theory, News & General
Topic: Nostalgic 1982 CD (certificate of deposit)
Replies: 51
Views: 10232

I had forgotten how much things have changed. This was very interesting. If you follow the wikipedia links to the article about the panic of 1893 you will learn that The huge spike in unemployment, combined with the loss of life savings by failed banks, meant that a once-secure middle-class could n...
by Schooly D
Mon May 18, 2009 5:34 pm
Forum: Investing - Theory, News & General
Topic: Study finds stock analysts' recommendations largely useless
Replies: 4
Views: 1454

Yawn!! It's not clear whether these were buy side or sell side analysts or both, but, in any case they only looked at 20 minutes before and after the release of analyst recommendations. Recommendations tend to quickly follow corporate events which may have a greater impact. Bob I understood the new...
by Schooly D
Mon May 18, 2009 3:20 pm
Forum: Investing - Theory, News & General
Topic: Study finds stock analysts' recommendations largely useless
Replies: 4
Views: 1454

Study finds stock analysts' recommendations largely useless

Analysts’ “buy” and “sell” tips have almost no effect on share prices, according to research that confounds long-held beliefs over the influence of stock-pickers and calls into question investors’ and banks’ need to pay for their services. http://www.ft.com/cms/s/0/1235e692-431c-11de-b793-00144feab...
by Schooly D
Sun May 17, 2009 12:51 pm
Forum: Investing - Theory, News & General
Topic: House of Cards
Replies: 44
Views: 6940

I also agree that "government interference in the every day decisions of people" can take on many forms whether it is a dictatorship or an oppressive group rule like during the French Revolution. Not trying to be political, just answering your post. If 'government interference' includes d...
by Schooly D
Sun May 17, 2009 12:23 pm
Forum: Investing - Theory, News & General
Topic: Anyone Invest in Frontier Markets?
Replies: 31
Views: 3651

The fund EM fund EITEX (Eaton-Vance) does a decent job of sampling countries that MSCI includes in its Frontier index, including those in the Middle East, Africa, and Eastern Europe. I think its a reasonable candidate for an all-in-one non-developed market fund, though the ER is higher than Boglehea...
by Schooly D
Sun May 17, 2009 12:18 pm
Forum: Investing - Theory, News & General
Topic: Anyone Invest in Frontier Markets?
Replies: 31
Views: 3651

Frontier economies can also be regressing countries. Argentina would have been developed market 100 years ago. a few years ago it fell out of EM and might be on its way back in. Venezuela is having similar problems. Paul Indeed. MSCI recently downgraded Argentina from Emerging to Frontier, in part ...
by Schooly D
Sat May 16, 2009 9:29 pm
Forum: Investing - Theory, News & General
Topic: John Bogle--Why We Need A Fed for Retirement
Replies: 55
Views: 11578

We need the Thrift Savings Plan to be available to everyone. Or a national pension fund like Norway's. Adrian anenu@tampabay.com Agree. TSP should be available to everyone as a "default" program with the employer footing the match. DUG I too favor this approach. How do we get it done?
by Schooly D
Sat May 16, 2009 4:59 pm
Forum: Investing - Theory, News & General
Topic: Frontline: The Madoff Affair
Replies: 28
Views: 5507

An example without StatArb: A stock is trading at $10 and has some great news at 1:00pm. The stock is now worth $20. The price takes 10 minutes to adjust, with a volume of 100 shares per minute. I don't understand. The stock is only worth what buyers are willing to pay. The above seems to assume th...
by Schooly D
Sat May 16, 2009 4:13 pm
Forum: Investing - Theory, News & General
Topic: Frontline: The Madoff Affair
Replies: 28
Views: 5507

An example without StatArb: A stock is trading at $10 and has some great news at 1:00pm. The stock is now worth $20. The price takes 10 minutes to adjust, with a volume of 100 shares per minute. I don't understand. The stock is only worth what buyers are willing to pay. The above seems to assume th...
by Schooly D
Sat May 16, 2009 11:56 am
Forum: Investing - Theory, News & General
Topic: 2009 graduates could face lower pay for a decade
Replies: 33
Views: 4836

True enough. My wife spends most of her time these days working with her company's IT staff to design and implement a new computer-based financial management system Must be a high long distance bill for calls to India... As a matter of fact, she does spend a lot of time talking to India--and Kenya ...
by Schooly D
Sat May 16, 2009 10:51 am
Forum: Investing - Theory, News & General
Topic: 2009 graduates could face lower pay for a decade
Replies: 33
Views: 4836

What were your undergrad. and graduate degrees in?? Undergrad was Poli Sci Grad was Cognitive Psychology Most of the Poli Sci major I knew were aiming for law school, or teaching. Quite a shift to graduate work in cognitive psych. As you were proceeding through your studies, what was your career go...
by Schooly D
Sat May 16, 2009 9:58 am
Forum: Investing - Theory, News & General
Topic: Update on Madoff Case
Replies: 13
Views: 3322

More on Madoff: http://www.breitbart.com/article.php?id=D985H79G3&show_article=1&catnum=0 Nice link. Hard to understand how bagels could cost $441.00. And $2800 for a meal at a Mexican restaurant? In Wyoming? Must have been in Jackson Hole. Where else in Wyoming could you possibly spend tha...
by Schooly D
Sat May 16, 2009 9:50 am
Forum: Investing - Theory, News & General
Topic: Hedge fund manager calls it quits
Replies: 5
Views: 1292

Hedge fund manager calls it quits

The NYT has an article about a hedge fund manager who is calling it quits after 10 years in the businesses. He describes himself as an old-fashioned stock-picker who employed a simple long-short strategy. He is described as having been very successful, achieving an average of 12% annualized return o...
by Schooly D
Fri May 15, 2009 4:51 am
Forum: Personal Finance (Not Investing)
Topic: NYT reporter: My Personal Credit Crisis
Replies: 26
Views: 5826

Great article, that guy seems to have gravitated toward financially toxic spouses. About the biggest financial mistake you can make. Nick Well said. I sometimes wish my penny-pinching wife would spend money a bit more freely (or at least allow me to spend more freely), but it's comforting to know t...
by Schooly D
Fri May 15, 2009 4:37 am
Forum: Investing - Theory, News & General
Topic: 2009 graduates could face lower pay for a decade
Replies: 33
Views: 4836

If there is one major I would recommend with a good payoff in 4 years is accounting. My friends who are in accounting all do very well for themselves. You likely won't make millions, but you will do better than most engineers and a lot of other technical majors. The substantial downside to this cou...
by Schooly D
Thu May 14, 2009 6:00 pm
Forum: Investing - Theory, News & General
Topic: 2009 graduates could face lower pay for a decade
Replies: 33
Views: 4836

If there is one major I would recommend with a good payoff in 4 years is accounting. My friends who are in accounting all do very well for themselves. You likely won't make millions, but you will do better than most engineers and a lot of other technical majors. The substantial downside to this cou...
by Schooly D
Wed May 13, 2009 9:21 pm
Forum: Investing - Theory, News & General
Topic: 2009 graduates could face lower pay for a decade
Replies: 33
Views: 4836

Count me among the unlucky. I got my first job out of grad school in summer 2000 and was laid off a year later due to recession-related government budget cuts and having no seniority. Even after going back to school to improve my marketability I languished for years underemployed in a number of poo...
by Schooly D
Wed May 13, 2009 12:27 am
Forum: Investing - Theory, News & General
Topic: 2009 graduates could face lower pay for a decade
Replies: 33
Views: 4836

Count me among the unlucky. I got my first job out of grad school in summer 2000 and was laid off a year later due to recession-related government budget cuts and having no seniority. Even after going back to school to improve my marketability I languished for years underemployed in a number of poor...
by Schooly D
Mon May 11, 2009 9:05 pm
Forum: Investing - Theory, News & General
Topic: Disappearance of private defined benefit plans?
Replies: 48
Views: 6266

History of retirement plans

James Ridgeway wrote an informative article on this subject in the current issue of Mother Jones. It beings with the following riddle: What starts with "f," ends with "k," and means "screw your workers"? That's right—401(k). http://www.motherjones.com/politics/2009/05/w...
by Schooly D
Sun May 03, 2009 5:39 pm
Forum: Investing - Theory, News & General
Topic: Rise and fall of retirement pensions
Replies: 7
Views: 1998

Rise and fall of retirement pensions

The current issue of Mother Jones has an informative article by James Ridgeway on the rise and fall of the system of defined benefit retirement pensions over the past 150 years. JOhn Bogle stands out as one of the few heroes of the story. Writing about the high fees that mutual fund managers extract...
by Schooly D
Thu Apr 23, 2009 9:42 pm
Forum: Investing - Theory, News & General
Topic: Call to ban stock selling
Replies: 18
Views: 3275

valueinvestor wrote:I assume this is a joke.
Clues to the author's comic intent:

-the Oracle of Omaha is identified as "Jimmy Buffet"

-the author identifies himself as "Ben Dover"
by Schooly D
Thu Apr 23, 2009 9:21 pm
Forum: Investing - Theory, News & General
Topic: Call to ban stock selling
Replies: 18
Views: 3275

This is a good start, but it only goes halfway. In addition to prohibiting the sale of stock, the government must also mandate that each citizen allocate a certain percentage of their quarterly income to stock purchases.
by Schooly D
Thu Apr 23, 2009 8:55 pm
Forum: Investing - Theory, News & General
Topic: Insights from primatology on the origin of the current mess
Replies: 0
Views: 523

Insights from primatology on the origin of the current mess

The relative importance of social and ecological abilities varies according to the animal species and its environment. When the individuals of a species live alone except for reproduction, ecological skill may well be the most important factor for success. Hamadryas baboons, however, are a social s...
by Schooly D
Thu Mar 05, 2009 1:57 pm
Forum: Investing - Theory, News & General
Topic: the crisis in university endowments
Replies: 60
Views: 8719

My thanks go out to all those who offered me kind words of support and suggestions.
by Schooly D
Wed Mar 04, 2009 10:01 am
Forum: Investing - Theory, News & General
Topic: the crisis in university endowments
Replies: 60
Views: 8719

I am one academic who has been directly affected by the hiring freeze in higher education. I had a job interview for a teaching position at a large public university here in North Carolina at the end of January. Two weeks later I received notice that due to a mandatory 7% University-wide budget cut ...
by Schooly D
Tue Mar 03, 2009 11:37 am
Forum: Investing - Theory, News & General
Topic: Is there any level when you will capitulate?
Replies: 107
Views: 17721

My recently retired father capitulated yesterday. He only had 20% of his retirement account in equities, but watching the money he spent 40 years accumulating drain away day after day finally became too much for him to bear, and while he accepts that the market eventually will recover, he believes i...
by Schooly D
Mon Feb 09, 2009 3:35 pm
Forum: Investing - Theory, News & General
Topic: IMF Says Advanced Economies Already in Depression
Replies: 12
Views: 2983

I prefer the psychological definition:

A recession is when your neighbor loses his job. A depression is when you lose your job.
by Schooly D
Mon Feb 09, 2009 2:53 pm
Forum: Investing - Theory, News & General
Topic: Yet another reason to steer clear of hedge funds
Replies: 1
Views: 714

Yet another reason to steer clear of hedge funds

Celebrity hedge-fund manager Bill Ackman did well for his investors last year by shorting bond insurers such as MBIA. However, some of his other positions haven't turned out quite so well. One of his funds uses leverage to invest exclusively in Target; that fund was down 40% in January alone and dow...
by Schooly D
Fri Feb 06, 2009 9:20 pm
Forum: Personal Consumer Issues
Topic: Ancient Greece Book?
Replies: 44
Views: 14154

I have heard of histories and pelopennesian war (in fact i think i have read some of each a year or so ago, but gave up not knowing enough background), but I have never heard of the rise and fall of the athens.... Thanks for the info and the course. Plutarch never wrote a book entitled 'The rise an...
by Schooly D
Wed Feb 04, 2009 8:57 am
Forum: Investing - Theory, News & General
Topic: Here's one way it's different this time
Replies: 12
Views: 2811

Alas, there were far more days in 2008 when the market went down by at least 5% than days when it went up by at least 5%.
by Schooly D
Mon Feb 02, 2009 8:04 am
Forum: Investing - Theory, News & General
Topic: New book on the origins of the current financial crisis
Replies: 0
Views: 860

New book on the origins of the current financial crisis

The book "Dear Mr. Buffett" by Janet Tavakoli has been getting very favorable reviews.


http://www.amazon.com/dp/047040678X?tag ... 17C9A0G7Z&