Search found 288 matches

by bearcat98
Fri Jan 19, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 529 vs Custodial (UTMA/UGMA) 529
Replies: 27
Views: 2595

Re: Individual 529 vs Custodial (UTMA/UGMA) 529

2) Child 2 - Depending on the school, I believe it will convert money from a parent asset to a child asset? That is what I don't know since child 2 is only in high school and I don't have a financial aid office to contact. If it does, that will raise the EFC (child's assets count more) and therefor...
by bearcat98
Fri Jan 19, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data
Replies: 40
Views: 6921

Re: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data

Am I the only one who is curious/suspicious of cards saying they don't have the 3% surcharge? I don't see banks giving up a whopping 3% anywhere else! "Yes sir, let's drop that interest rate by 3% for you..it's all the rage..." How likely is it that the exchange rate is being adjusted to compensate...
by bearcat98
Thu Jul 13, 2017 11:38 pm
Forum: Personal Consumer Issues
Topic: Road vehicle, 4 adults, one car seat, must it be a minivan?
Replies: 43
Views: 3866

Re: Road vehicle, 4 adults, one car seat, must it be a minivan?

Passat or other midsize sedan. You asked about a car that seats five comfortably. The car seat is huge, but that won't last, but then the kid grows. You've discovered that the compact Golf is uncomfortably small for everyone. The thing you're looking for is a wider back seat. Moving up to a midsize,...
by bearcat98
Fri Mar 30, 2012 1:31 pm
Forum: Investing - Theory, News & General
Topic: What should I do when I win the $500M lottery?
Replies: 68
Views: 6389

Re: What should I do when I win the $500M lottery?

Private family foundation or Vanguard Charitable Endowment Program?

https://www.vanguardcharitable.org/givi ... rison.html
by bearcat98
Fri Feb 17, 2012 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 15896

Re: Found $100 Bill at Walmart

My first reaction was that the odds of returning the $100 to its owner were so remote that turning the bill in wouldn't be worth it. Wallets/purses have identifying information, but I would assume that a $100 bill would simply never be linked back to its owner. I would probably have kept it. And if ...
by bearcat98
Sat Oct 08, 2011 11:03 pm
Forum: Investing - Theory, News & General
Topic: Finally! Can we lay DCA to rest and ban this topic forever?
Replies: 501
Views: 41249

Re: Finally! Can we lay DCA to rest and ban this topic fore

Also, Jones' premise is that you, a long term investor, are insuring against a dip. Dips are not a threat to the long term investor. Isn't paying too much for an asset a threat to any investor, and paying less a good thing? Lump-summing "wins," on average, because stock prices are lower, on average...
by bearcat98
Fri Oct 07, 2011 6:36 pm
Forum: Investing - Theory, News & General
Topic: Finally! Can we lay DCA to rest and ban this topic forever?
Replies: 501
Views: 41249

Buying on the first day of the month over a year may be a normal DCA strategy, but it's not the only one. More frequent installments would seem to avoid the "first of the month" issue, and enhance the "entry point" benefit. Has anyone ever studied the effect of daily vs. monthly DCA installements? S...
by bearcat98
Sat Jan 15, 2011 3:06 am
Forum: Personal Consumer Issues
Topic: "New" Car for New Twin Babies
Replies: 91
Views: 12147

Twins mean a double stroller. And two of those bucket carrier seats at the same time. It's not the same as having two kids, one of whom can walk, climb over the infant's car seat base, and buckle herself in. With twins, your needs will simply be different from the typical family-of-four-with-a-sedan...
by bearcat98
Sun May 23, 2010 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank = GMAC
Replies: 39
Views: 7613

GMAC Financial has gotten $12.5 billion in TARP money. I guess this was the startup funds for ALLY??!! I don't know, accounting-wise, how TARP affected Ally, if it enabled Ally to offer higher rates than would otherwise be the case. I was a GMAC Bank customer before TARP, and it seems like Ally (an...
by bearcat98
Sun May 23, 2010 12:25 am
Forum: Investing - Theory, News & General
Topic: Ally Bank = GMAC Finance
Replies: 4
Views: 1016

A better question might be, has any bank gotten more attention than Ally/GMAC here? Its history of paying above-average rates on CDs got it a lot of customers (including me) long before the whole GM-banko, TARP, renaming-to-Ally episode. And since the new name, I've been amazed at the number of "did...
by bearcat98
Fri May 21, 2010 1:22 pm
Forum: Investing - Theory, News & General
Topic: BP vrs. Chicken Little
Replies: 44
Views: 5254

Re: BP vrs. Chicken Little

So, my ink blot test has drawn out the emotional responses that justify my selling BP at $54.00. Maybe I should call it EDM's "oil blot" test. EDM Well, you could get that just by looking at a stock chart. BP's lost some assets, is likely to have to pay a bunch of money that it wasn't expected to h...
by bearcat98
Sat May 01, 2010 1:42 am
Forum: Personal Consumer Issues
Topic: Don't Talk to Aliens Warns Stephen Hawking
Replies: 133
Views: 16084

I'm highly uncertain that society could actually cope with the arbitraging possibilities of time travel. Without risk of failure, I imagine a period of prosperity followed by economic collapse. Do you have an alternative view? If tthe time travelers go to the future to collect debts from people who...
by bearcat98
Thu Apr 29, 2010 9:59 pm
Forum: Personal Consumer Issues
Topic: Don't Talk to Aliens Warns Stephen Hawking
Replies: 133
Views: 16084

Anyway, I've already thought of one obvious flaw of my plan: certain risks which are minor within the investment time horizon of an individual human would be greatly magnified if one attempted to exploit relativistic effects. Corporations, institutions, and nations have a limited life span. One mig...
by bearcat98
Thu Apr 29, 2010 9:46 pm
Forum: Personal Consumer Issues
Topic: Don't Talk to Aliens Warns Stephen Hawking
Replies: 133
Views: 16084

First Fundamental Theorem of Interstellar Trade: When trade takes place between two planets in a common inertial frame, the interest costs on goods in transit should be calculated using time measured by clocks in the common frame, and not by clocks in the frames of trading spacecraft. Second Fundam...
by bearcat98
Wed Apr 28, 2010 3:19 pm
Forum: Personal Consumer Issues
Topic: Don't Talk to Aliens Warns Stephen Hawking
Replies: 133
Views: 16084

Bringing the discussion from the nature of angels back to aliens and investing, I'm reminded of Paul Krugman's 1978 paper on interstellar trade , addressing how interest charges on goods in transit should be computed when the goods travel at close to the speed of light. As he explained, Many critics...
by bearcat98
Wed Apr 21, 2010 10:30 pm
Forum: Personal Investments
Topic: What do you say to the investment advisor cold call?
Replies: 111
Views: 13759

after all these poor souls are stuck in a low pay or even no pay - just commission - job and are making 80-125 calls a day. not a great way to make a buck. I agree, so I try to waste as little of their time as I can while still being polite. "Sorry, I'm not interested" <click> is civil, and lets th...
by bearcat98
Wed Apr 21, 2010 10:30 pm
Forum: Personal Investments
Topic: What do you say to the investment advisor cold call?
Replies: 111
Views: 13759

after all these poor souls are stuck in a low pay or even no pay - just commission - job and are making 80-125 calls a day. not a great way to make a buck. I agree, so I try to waste as little of their time as I can while still being polite. "Sorry, I'm not interested" <click> is civil, and lets th...
by bearcat98
Fri Mar 05, 2010 1:33 pm
Forum: Personal Consumer Issues
Topic: George Will on denim
Replies: 103
Views: 17917

The problem is you can buy a $150 pair of jeans. Jeans are hardly a statement of working-class solidarity. Most of the people who read Will would not be seen dead in WalMart, buying the sort of jeans your gardener or builder wears. Well, even if your jeans cost $150, and can clearly be identified a...
by bearcat98
Fri Feb 19, 2010 1:04 pm
Forum: Investing - Theory, News & General
Topic: Soros buying GOLD
Replies: 8
Views: 2281

http://www.slate.com/id/2242742/ Applied to financial markets, this means that investing in bubbles is not irrational. "As a participant, when I see a bubble, I rush out and buy," Soros said. The trick, of course, is knowing when to head for the exits. Soros's answer to the question of how you iden...
by bearcat98
Wed Oct 07, 2009 11:26 am
Forum: Personal Consumer Issues
Topic: When did you know it was time to move out?
Replies: 43
Views: 5557

I actually moved back after college while I was in law school. The savings made a big difference, and I'm very happy that I did it. I also stuck around for a few months while job-hunting, which no one was particularly happy about, but worked out for the best. So I didn't really "break the cord" unti...
by bearcat98
Sun Apr 26, 2009 2:01 am
Forum: Personal Consumer Issues
Topic: IIHS report: mini cars unsafe
Replies: 55
Views: 8963

I wonder if their are more car on car head on collisions than car on stationary object collisions. I'd really like to see the outcome of micro cars, midsize, and suv's hit a tree at 40mph. My bet is that the effects are not as differentiable, ie. all 3 types of drivers would be dead. The NHTSA's fr...
by bearcat98
Mon Apr 20, 2009 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: What happened to profits from SUV and truck sales?
Replies: 10
Views: 2473

GM and Ford weren't making big profits three years ago either...Ford was on the brink of oblivion (they were lucky to have their most recent near-death experience in a more forgiving credit environment). It was last decade (and early part of this decade) that they were minting money by making puttin...
by bearcat98
Mon Apr 20, 2009 10:35 pm
Forum: Personal Consumer Issues
Topic: George Will on denim
Replies: 103
Views: 17917

What I didn't understand about his article was whether he was really upset with denim in general, or just blue jeans, or jeans in general. What about Dockers?
by bearcat98
Mon Apr 20, 2009 7:37 pm
Forum: Personal Consumer Issues
Topic: IIHS report: mini cars unsafe
Replies: 55
Views: 8963

It's worth remembering that the cars were smashed head-on into each other at 80mph combined (each car going 40mph). Very few accidents take place under such circumstances. Of course, it does happen, but it's something I only worry about on lonely two-lane country roads (which are a very small percen...
by bearcat98
Mon Apr 20, 2009 7:08 pm
Forum: Investing - Theory, News & General
Topic: I don't understand deflation
Replies: 38
Views: 4923

You say that you don't expect to see a decline in income, even in a deflationary environment. That makes some sense...health care costs tend to run ahead of inflation, which means that they shouldn't deflate as fast as other costs. So your income may not be as affected as others'. But your debt may ...
by bearcat98
Wed Apr 15, 2009 3:45 pm
Forum: Personal Investments
Topic: Good ROTH IRA's?
Replies: 10
Views: 1703

In the absence of more information, I'd suggest choosing whichever Vanguard Target Retirement fund most closely matches your expected retirement date. They're somewhat aggressively tilted toward stocks if you are far from retirement, and taper into a more conservative profile as you get closer. A lo...
by bearcat98
Wed Apr 15, 2009 10:47 am
Forum: Personal Investments
Topic: Home Ownership vs. Reit?
Replies: 4
Views: 1154

If you want to generally account for your "real asset" exposure or consider house as some kind of inflation hedge in the big picture? Maybe. But that really still implies you can or would take advantage of its behavior in portfolio by selling anytime, for portfolio reasons. People sell their houses...
by bearcat98
Wed Apr 15, 2009 10:34 am
Forum: Personal Consumer Issues
Topic: Piracy Linked to Terrorists?
Replies: 63
Views: 8376

I understand that the coast off Somalia is an inherently lawless area, that Somalis have been wronged by outsiders, that Somali seamen have limited options, and that piracy is popular with the locals because it is seen as "Robin Hood"-like. I also understand that the Somali pirates have actually bee...
by bearcat98
Sun Apr 12, 2009 11:20 pm
Forum: Personal Consumer Issues
Topic: Pirate Story
Replies: 58
Views: 8185

Re: Stop pirates from boarding the ship!!

Can anyone tell me why it's a bad idea to launch an air attack on the "mother ship" and blow the thing up into little pieces? I don't see why we don't send the Navy or Air Force into the region with fighter jets equipped with missiles and kill the heart of the pirates. After the flames and debris i...
by bearcat98
Fri Apr 10, 2009 1:02 pm
Forum: Investing - Theory, News & General
Topic: REITS necessary if already included in index?
Replies: 81
Views: 13691

I guess "business" is more nonspecific than I'd assumed, but I don't think "stock" is. Stock ownership is, essentially, the right to be last in line upon liquidation, whether it's ownership of a share of Plum Creek Lumber (a REIT that owns lots of timber land) or a share of Weyerhaeuser (a non-REIT ...
by bearcat98
Fri Apr 10, 2009 10:02 am
Forum: Personal Investments
Topic: Teaching Young Children
Replies: 18
Views: 2549

I don't know where your daughter is, but my thought is that for educational purposes at that age (an age where most kids can't even tell the time by looking at the hands of a clock), the simpler the better, and the more concrete the better. Allocating virtual money between baskets of debt instrument...
by bearcat98
Fri Apr 10, 2009 1:18 am
Forum: Investing - Theory, News & General
Topic: REITS necessary if already included in index?
Replies: 81
Views: 13691

Here's the US definition of a REIT: link . Maybe I'm way out in left field thinking that this describes a category of " business ." But my points are simply that ownership of REIT stocks is, by definition (rather than just by being traded on stock exchanges like ETFs), stock ownership in a corporati...
by bearcat98
Fri Apr 10, 2009 12:29 am
Forum: Investing - Theory, News & General
Topic: My alternative to the Boglehead approach
Replies: 168
Views: 23600

Bearcat, your post is great. It really shows that you do have a sense of entitlement. Market information is valuable. You acknowledge that it is, and that it's perfectly fine that someone else bears all the cost and you receive the same benefit. I don't know how you get a "sense of entitlement" out...
by bearcat98
Thu Apr 09, 2009 9:58 pm
Forum: Investing - Theory, News & General
Topic: My alternative to the Boglehead approach
Replies: 168
Views: 23600

Yes, I've also said that I index. My argument is that this is not a tenable long-term strategy. Can you demonstrate how it is, since boglehead-ism is a long-term strategy? There will always be people whose day job it is to ensure nearly efficient pricing, so everyone else can get on with their own ...
by bearcat98
Wed Apr 08, 2009 11:44 am
Forum: Personal Consumer Issues
Topic: What is "fine tuning" worth?
Replies: 12
Views: 2469

For me, the benefit of "fine tuning" is that it forces me to pay attention to what I really want and what I really have. The urge to tinker is what prevented me from putting my college fund in an age-based "set-and-forget" portfolio, for example, which avoided the Oppenheimer bond fund debacle menti...
by bearcat98
Wed Apr 08, 2009 11:25 am
Forum: Investing - Theory, News & General
Topic: AGs scrutinize OppenheimerFunds' bond fund
Replies: 15
Views: 2484

This fund was the primary "conservative" element of my state's "set-and-forget" age-based portfolio. For people whose kids were close to college, when they had the most invested, they put their money there to be safe because they knew that their ability to take risk was low. At least if they'd lost ...
by bearcat98
Wed Apr 08, 2009 10:38 am
Forum: Investing - Theory, News & General
Topic: REITS necessary if already included in index?
Replies: 81
Views: 13691

1)Historically land and business returns have been considered DIFFERENT, they have been considered to have diversification. Talmud 1/3 land 1/3 business 1/3 reserve. Its been recognized throughout history. ... 4)REITS return simply derives from land RENT return. Its the same return that results fro...
by bearcat98
Fri Apr 03, 2009 11:35 am
Forum: Investing - Theory, News & General
Topic: Are you seeing "sold" signs?
Replies: 29
Views: 5051

In my neighborhood (lots of newer houses, some owned by financially precarious builders, some owned by newer, upside-down homeowners), houses tend to sell quicker than they do in other (more established) neighborhoods in the area. Prices have also fallen faster. Motivated sellers => lower prices => ...
by bearcat98
Fri Apr 03, 2009 10:58 am
Forum: Personal Investments
Topic: GMAC Bank?
Replies: 30
Views: 8195

Interest is credited on the 5th of the month
They just sent me a 1099 in the mail, with a statement breaking down the interest between the accounts that earned it
by bearcat98
Wed Apr 01, 2009 2:20 pm
Forum: Personal Consumer Issues
Topic: Why isn't Visa card accepted at Sam's Club?
Replies: 46
Views: 13260

The stores can also help by not charging a buck extra to use debit! At Carl's Jr, for example, a $5 meal is $5 on a credit card, but $6 on a debit card. Wow that's totally odd. I wonder what's the reasoning behind that? You'd think it would be the other way around as credit costs the merchant more ...
by bearcat98
Wed Apr 01, 2009 10:18 am
Forum: Investing - Theory, News & General
Topic: Guaranteed 25% instantaneous return
Replies: 81
Views: 10755

If it was a gift or an open ended loan, that would be different. But the op made clear that it was his money all along and was transferred to the relative for the purpose of taking a credit to which the op was not entitled. Since the op is getting part of the credit, with his money, and he is not e...
by bearcat98
Sat Mar 28, 2009 12:03 am
Forum: Personal Investments
Topic: Should I just shove my money in gold?
Replies: 38
Views: 6503

Gold has done very well a couple of times, and lagged just about everything else the rest of the time. Because its value is based primarily on what people think future people will think about its value, rather than on what people need it for (commodities), business income (stocks), or legally enforc...
by bearcat98
Fri Mar 27, 2009 5:57 pm
Forum: Personal Investments
Topic: GMAC Bank?
Replies: 30
Views: 8195

Mr. Bear, The OP isn't asking about investing in the company, just about whether deposits there are safe. The FDIC insurance guarantees that the safety of the deposit is unrelated to the health of the company. Many banks have failed, and insured deposits were fine. The OP isn't going to have to mail...
by bearcat98
Fri Mar 27, 2009 1:38 pm
Forum: Personal Investments
Topic: GMAC Bank?
Replies: 30
Views: 8195

Egads, you mean to say that a "bank" is in business to make money for its owners?

:shock:

Run for the hills!

:lol:
by bearcat98
Fri Mar 27, 2009 8:57 am
Forum: Personal Consumer Issues
Topic: What kind of car do you drive?
Replies: 125
Views: 23794

'06 Ford Fusion, 4 cyl, manual trans, a good mid-size sedan, bigger than what you have.

What're you looking for in a car? The best replacement for a Corolla is probably another Corolla, unless it doesn't suit your needs.
by bearcat98
Fri Mar 27, 2009 8:45 am
Forum: Personal Investments
Topic: GMAC Bank?
Replies: 30
Views: 8195

GMAC recently became a "bank holding company" to access TARP (whether it's just a "ruse," I don't know), but GMAC Bank is just a regular online bank and has been since long before TARP. I've had an account there for about three years. It has FDIC insurance, good rates, and decent customer service (i...
by bearcat98
Fri Mar 13, 2009 5:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's human-rights investment policy
Replies: 35
Views: 6530

I was always told to apply my skills toward good, and not evil. However, evil pays a lot better. That said, since "socially responsible"(cue hippies gathering around singing kumbyya) doesn't work as a viable investment plan, why can't someone create a "socially irresponsible" fund. That is, one tha...
by bearcat98
Fri Mar 13, 2009 5:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's human-rights investment policy
Replies: 35
Views: 6530

1) Is this actually the beginning of a slippery slope for Vanguard? Will they express concerns about other traits (support for tobacco, etc)? I don't think personally think so, though I have no assurance of this. They are talking currently about divesting from Sudan. I can't really stick up for the...
by bearcat98
Fri Mar 13, 2009 1:26 pm
Forum: Investing - Theory, News & General
Topic: VG Human Rights Policy
Replies: 11
Views: 1878

Hopefully, it just means they won't be bankrolling the Taliban, not that they're going to divest from anyone who does any business with China. But again here's the problem with this type of analysis. In your opinion the Taliban are "more evil" than China. Some might disagree. More importantly how c...
by bearcat98
Fri Mar 13, 2009 10:04 am
Forum: Investing - Theory, News & General
Topic: VG Human Rights Policy
Replies: 11
Views: 1878

bearcat, It sounds like you found a bit more information than was in the article I cited in the OP. Care to share sources? I was trying to find an official statement on Vanguard's website but haven't yet. I just got it from the article, which says: The policy, developed in the past six months, is d...