Search found 519 matches

by Rose21
Thu Jan 13, 2011 8:56 am
Forum: Personal Consumer Issues
Topic: TV series to recommend?
Replies: 139
Views: 18108

And of a significant sub-group of people who love to flaunt it.
by Rose21
Thu Oct 07, 2010 7:52 pm
Forum: Investing - Theory, News & General
Topic: Is there really such a thing as a Boglehead now?
Replies: 65
Views: 8816

When an unboglehead-like article by John Bogle was met with comments to the effect that the man must be getting senile, it certainly changed my view of what the board was all about.
by Rose21
Sun Sep 05, 2010 9:46 am
Forum: Personal Consumer Issues
Topic: TV series to recommend?
Replies: 139
Views: 18108

Sorry, Rose, I don't subscribe to your conspiratorial theory.
I'm talking about bias, not conspiracies.
by Rose21
Sun Sep 05, 2010 8:26 am
Forum: Personal Consumer Issues
Topic: TV series to recommend?
Replies: 139
Views: 18108

No, what I "really mean" is that this does not appear to be an isolated instance of choosing the wrong forum. When three of the "top five" posts have nothing at all to do with investing, and these are allowed to flourish while serious discussion of the investment implications of interest rate decisi...
by Rose21
Sun Sep 05, 2010 7:44 am
Forum: Personal Consumer Issues
Topic: TV series to recommend?
Replies: 139
Views: 18108

I don't begrudge you that. Just wondering why those "fun little diversions" into things like interest rate decisions routinely get quashed. Are some diversions more dangerous than others? BTW, I truly don't have a problem with moderation of any sort, so long as it is carried out honestly and in an e...
by Rose21
Sun Sep 05, 2010 7:22 am
Forum: Investing - Theory, News & General
Topic: What car is the best value in a used mid size car?
Replies: 47
Views: 7254

Again, I'd respectfully like to know why this post is sufficiently related to the topic of investing while those relating to the Fed's decision on interest rates is not. In fact, I notice that three of the "top five" posts at this moment have absolutely nothing to do with investing, and they, like t...
by Rose21
Sun Sep 05, 2010 7:01 am
Forum: Personal Consumer Issues
Topic: TV series to recommend?
Replies: 139
Views: 18108

What, pray tell, does this have to do with investing?

Or is this, just like the "guitar" thread, intended to grind in the point that anything is on topic unless it could be viewed, even by implication, as an indictment of current economic policy?
by Rose21
Fri Aug 27, 2010 9:43 am
Forum: Investing - Theory, News & General
Topic: How would you respond to market timers?
Replies: 31
Views: 3690

Hand out pamphlets. The supermarket is a good place to do this.
by Rose21
Fri Aug 27, 2010 8:31 am
Forum: Investing - Theory, News & General
Topic: Your thoughts about Peter Schiff's doomsday prediction
Replies: 39
Views: 8494

What I believe Schiff said is that the emerging markets would be more resilient and therefore quicker to rise from the ashes. So long as car alarms and iPhones measure the standard of living, I don't think it's fair to say that we're even come close to the event that Schiff was talking about. Time w...
by Rose21
Wed Aug 11, 2010 7:50 am
Forum: Investing - Theory, News & General
Topic: The Bond market seems to be flashing deflation coming...
Replies: 36
Views: 4674

How is it even possible to have a discussion about the "news and theory" of investing without considering current economic policy? I'm truly dumbfounded.
by Rose21
Thu Jul 29, 2010 3:16 pm
Forum: Investing - Theory, News & General
Topic: Fed president says US is close to Japan-style deflation
Replies: 19
Views: 3596

In Taleb's view, the black swan to watch for is a little different: What are are potential sources of fragility or danger that you're keeping an eye on? The massive one is government deficits. . . The problem is getting runaway. It's becoming a pure Ponzi scheme. It's very nonlinear: You need more a...
by Rose21
Tue Jul 27, 2010 8:21 am
Forum: Investing - Theory, News & General
Topic: Low Rates Cutting into Bank Profits
Replies: 7
Views: 1259

Low Rates Cutting into Bank Profits

The Fed’s near-zero target rate for interbank overnight lending that has buoyed profits for so long will have an opposite effect in coming quarters, said Christopher Whalen, a Federal Reserve Bank of New York analyst in the 1980s and co- founder of Institutional Risk Analytics in Torrance, Californ...
by Rose21
Sun Jul 25, 2010 7:50 am
Forum: Investing - Theory, News & General
Topic: Scott Burns comments on low interest rates
Replies: 41
Views: 6342

When the big players can borrow money nearly interest-free, it doesn't take a high rate of return to give them a mighty attractive deal.
by Rose21
Sat Jul 24, 2010 1:52 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns comments on low interest rates
Replies: 41
Views: 6342

I've never understood the term "quantitative easing." Or maybe I do. Is it just fancy bureauspeak for "cutting interest rates"? If it is, then I always prefer honest plain language and would rather they just said "cutting interest rates" instead of using the obfuscatory terminology If they said "pr...
by Rose21
Sat Jul 24, 2010 11:08 am
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

Could I trouble someone to explain what is meant by the term "drawdown" in the context of this thread? Thanks in advance.
by Rose21
Fri Jul 23, 2010 7:30 pm
Forum: Investing - Theory, News & General
Topic: Bogle: Repeat Financial Meltdown "Probable" Witho
Replies: 10
Views: 2679

Bogle: Repeat Financial Meltdown "Probable" Witho

The old notion of trusting and being trusted -- which once was not only the accepted standard of business conduct, but the key to success -- came to be seen as a quaint relic of an era long gone. Somehow, our society must be spurred into action to return to that standard. Until it is, I fear that a...
by Rose21
Wed Jul 21, 2010 7:22 pm
Forum: Investing - Theory, News & General
Topic: Gold News
Replies: 4
Views: 831

This rule applies to transactions of any goods or services valued at more than $600. It will have far more impact on small business people than it will gold bugs: Since the $600 limit is cumulative, a 1099 will have to be issued to every vendor from which more than $600 in goods was purchased in a s...
by Rose21
Fri Jul 16, 2010 7:27 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 Death Cross on July 6 - anybody following?
Replies: 77
Views: 13589

It was Thursday's sharp rise in TLT while the SPX ralled that got my attention. Those bond traders are smart boys.
by Rose21
Fri Jul 09, 2010 7:01 am
Forum: Investing - Theory, News & General
Topic: First Long/Short ETF Hits The Market
Replies: 13
Views: 1415

How are you going to trade such a thing? I'm not sure I see what the ETF structure has to offer over a mutual fund such as BEARX, save the load. The expense ratio is right up there with the rest.
by Rose21
Tue Jun 29, 2010 5:10 pm
Forum: Investing - Theory, News & General
Topic: Memo to stock bugs - consider cash
Replies: 64
Views: 10452

LBill is one of the more prolific posters in the PP thread. His analyses (yes, analyses) are consistently thoughtful and well expressed.

Is it really necessary to villainize somebody every time the market dips?
by Rose21
Tue Jun 15, 2010 12:18 pm
Forum: Investing - Theory, News & General
Topic: HSA Bank/Ameritrade HSA Account Transaction Fees Reduced
Replies: 1
Views: 911

HSA Bank/Ameritrade HSA Account Transaction Fees Reduced

Per a notice received from Ameritrade today, Ameritrade has just reduced its fees to $9.99 per trade (from $20.00 per trade) on HSA accounts maintained with HSA Bank.
by Rose21
Mon Jun 07, 2010 7:56 am
Forum: Investing - Theory, News & General
Topic: Emergency Closed-Door Meeting of the Fed Tomorrow
Replies: 25
Views: 4255

Matt, yes, it is my interpetation that this is an "emergency" meeting. The words "on expidited procedures" doesn't make for a compact title. BFD. The point is this: This is news, not a freaking conspiracy to topple the collective belief system of this board. The meeting provides plenty of opportunit...
by Rose21
Sun Jun 06, 2010 10:45 pm
Forum: Investing - Theory, News & General
Topic: Emergency Closed-Door Meeting of the Fed Tomorrow
Replies: 25
Views: 4255

Why does it surprise me that you all had to find something about the post to attack? If you have a problem with the source, wake your graduate student up to find you another one.
by Rose21
Sun Jun 06, 2010 9:43 pm
Forum: Investing - Theory, News & General
Topic: Emergency Closed-Door Meeting of the Fed Tomorrow
Replies: 25
Views: 4255

The Nikkei is down 4 percent.
by Rose21
Sun Jun 06, 2010 9:37 pm
Forum: Investing - Theory, News & General
Topic: Emergency Closed-Door Meeting of the Fed Tomorrow
Replies: 25
Views: 4255

Emergency Closed-Door Meeting of the Fed Tomorrow

It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, June 7, 2010, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 2...
by Rose21
Tue May 25, 2010 9:06 pm
Forum: Investing - Theory, News & General
Topic: You can loan money with an 85% interest rate?
Replies: 14
Views: 2747

The legalities vary from state to state, but usury laws generally distinguish between personal/consumer loans and loans made for business purposes. Some states also exempt post-default interest from their usury restrictions.
by Rose21
Thu May 06, 2010 5:21 pm
Forum: Investing - Theory, News & General
Topic: WOW - The Dow is Crashing - down 900 points so far today!
Replies: 222
Views: 30015

I put in a whole bunch of market orders just shortly before the bottom (through Ameritrade), and only one of them executed. I watched the prices rise by 2-3-4 percent while my orders just sat there.
by Rose21
Wed May 05, 2010 10:08 am
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

Deleted

Strike that question-- I was having a senior moment.
by Rose21
Mon Apr 12, 2010 12:43 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

The point of the PP (and this is the forest we should be focusing on and not the tree of t-bond yields) is that it doesn't require us to guess correctly about what any one asset is going to do. From my perspective, I'm not so concerned about the performance of one asset class (I realize that's part...
by Rose21
Sun Apr 11, 2010 2:20 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

You guys have the patience of saints with us Doubting Thomases. Thank you for that.
by Rose21
Sun Apr 11, 2010 1:35 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

Even if one cannot predict where yields were be at the end of the year, can't we agree that over the longer term, the risk in bonds is clearly to the downside? Assuming that to be true, why would it not be prudent to underweight bonds at this time?
by Rose21
Sun Apr 11, 2010 10:51 am
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

Lbill, you have expressed very articulately many of my nagging fears about a simultaneous contraction in stocks, bonds, and gold, and about the arguably precarious condition of the treasury bond market, in particular. I hope you keep asking the hard questions.
by Rose21
Mon Apr 05, 2010 10:57 am
Forum: Investing - Theory, News & General
Topic: 10 year treasury yield might hit 4% today..
Replies: 15
Views: 3907

TNX 40.
by Rose21
Sun Apr 04, 2010 8:41 am
Forum: Investing - Theory, News & General
Topic: Wine as an Alternative Investment
Replies: 35
Views: 4754

Sounds like the bourgeois equivalent of stockpiling tobacco and tampons. Given the choice, I think I'd bet on the latter. . .
by Rose21
Fri Apr 02, 2010 2:49 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

MT, in case nobody's thought to thank you for your incredibly thorough and thoughtful posts, I'd like to do so now. I continue to learn a lot from your contributions.
by Rose21
Thu Apr 01, 2010 9:05 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

LBill, word is spreading this evening that an emergency meeting of the Federal Reserve Board of Governors has been called for Monday at 11:30. Subject: Advance & discount rates. Just found a link:
http://www.federalreserve.gov/boarddocs ... cedexp.htm
by Rose21
Thu Apr 01, 2010 9:04 am
Forum: Investing - Theory, News & General
Topic: What is income?
Replies: 16
Views: 3270

The above less (1) the cost of producing the income, and (2) the portion of the "income" that represents no real gain, but rather the effect of a depreciating currency.
by Rose21
Wed Mar 31, 2010 2:27 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

Thanks, Paul!
by Rose21
Wed Mar 31, 2010 1:58 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

I've been wondering how the data might look if Wellesley (VWINX) or Wellington (VWELX) was substituted in for the stock and bond components. The idea would be to create an alternative one-stop alternative to PRPFX for those of us who can't stand looking at the individual stock and bond pieces. (I ha...
by Rose21
Wed Mar 31, 2010 1:53 pm
Forum: Investing - Theory, News & General
Topic: government bonds--‘Canary in coal mine’ just died
Replies: 21
Views: 4337

I, also, thought the author was referring to credit default swaps, since a number of articles were out earlier this week reporting that CDSs on treasury debt had become more costly than those on some high-quality corporate obligations. The same articles were saying that corporations are also borrowi...
by Rose21
Mon Mar 22, 2010 8:28 am
Forum: Investing - Theory, News & General
Topic: Healthcare for college students
Replies: 18
Views: 2993

What leads you (your accountant) to conclude that HSAs will even be an option? I'm not challenging you, only curious whether you know something about the bill that I do not. It's been my impression that high-deductible, catastrophic-type plans are exactly the kind of plan that the legislation intend...
by Rose21
Thu Mar 18, 2010 10:09 am
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

My apologies if this question has been asked before, but when the PP is used in retirement, how did HB envision that distributions would be taken? Did HB envision that all asset classes would be drawn down equallly, and that the remainder would be rebalanced on an annual basis? Or would draw-downs b...
by Rose21
Sun Mar 14, 2010 1:27 pm
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

Thanks, MT. Very helpful comments.
by Rose21
Sun Mar 14, 2010 8:42 am
Forum: Investing - Theory, News & General
Topic: Updated Modification of Harry Browne Permanent Portfolio
Replies: 3555
Views: 1392562

"Shorting U.S. Treasuries, a Historic Sucker Bet" http://www.zerohedge.com/article/shorting-us-treasuries-historic-sucker-bet Here is an interesting bull case for Treasury bonds... This article seems to suggest that long-term treasuries are a good short-term contrarian play before the bottom drops ...
by Rose21
Fri Feb 19, 2010 3:23 pm
Forum: Investing - Theory, News & General
Topic: 401k lifetime Annuity Options?
Replies: 14
Views: 3483

Count me among the skeptical inasmuch as the last government-sponsored annuity worked so well. Adding a questionably solvent counterparty to the mix is not something that should make anyone feel more secure. This topic cannot, IMHO, be discussed in any meaningful way without getting into the politic...
by Rose21
Fri Feb 19, 2010 8:59 am
Forum: Investing - Theory, News & General
Topic: Fed Raises Discount Rate to .75%
Replies: 22
Views: 4777

If the last several months' rally in stocks can be attributed to the nearly unlimited influx of "free" money into the market (as I think is a reasonable assumption), a signal that the Fed intends to begin tightening would be expected to cause exactly the short-term result we are seeing: a drop in eq...
by Rose21
Thu Feb 18, 2010 6:25 pm
Forum: Investing - Theory, News & General
Topic: Fed Raises Discount Rate to .75%
Replies: 22
Views: 4777

It means a great deal for the banks who are levered up to their eyeballs with fed money.
by Rose21
Thu Feb 18, 2010 5:42 pm
Forum: Investing - Theory, News & General
Topic: Fed Raises Discount Rate to .75%
Replies: 22
Views: 4777

tlm, you can take a look for yourself at the 10 and 30-year futures: http://www.finviz.com/futures_charts.ashx?t=ALL&p=m5
by Rose21
Thu Feb 18, 2010 5:20 pm
Forum: Investing - Theory, News & General
Topic: Fed Raises Discount Rate to .75%
Replies: 22
Views: 4777

Commentary by Zerohedge, including full Fed press release: http://www.zerohedge.com/article/fed-be ... lar-surges
by Rose21
Thu Feb 18, 2010 5:09 pm
Forum: Investing - Theory, News & General
Topic: Fed Raises Discount Rate to .75%
Replies: 22
Views: 4777

Fed Raises Discount Rate to .75%

The Federal Reserve Board raised the discount rate charged to banks for direct loans by a quarter point to 0.75 percent and said the move will encourage financial institutions to rely more on money markets rather than the central bank for short-term liquidity needs. “These changes are intended as a...