Search found 65 matches

by openminded
Wed Mar 19, 2008 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: No load American funds
Replies: 16
Views: 3672

Coming here and asking about American Funds is almost like going to a juice bar looking for a beer!

Trust your instincts and keep an open mind!
by openminded
Mon Mar 10, 2008 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: american funds
Replies: 9
Views: 2473

Re: american funds

I presently have 403b and some taxable money in American Funds. I pay 1.5% front end. Keep as is or investigate other options. Thanks How' bout......keep as is AND investigate other options! No reason to do anything hasty. If you want to make your investment decisions on low costs ALONE, then by al...
by openminded
Sun Mar 09, 2008 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest my first $4k
Replies: 9
Views: 2037

I agree with everyone here. Just get started! This should be a great time for you to get some experience and truly assess your risk tolerance. I say go with the 100% stocks or close to it, ride the volatility hard! This way you will hopefully gain some insight into yourself as an investor while at t...
by openminded
Sun Mar 09, 2008 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: good time to invest?
Replies: 15
Views: 3572

My apologies to the forum.

The last thing I really want to do is create any turmoil.

This kind of thing just really rocks my boat, and I get a little bent out of shape.

My intention was not to distract from the conversation.

Happy Investing

and again,
Sorry
by openminded
Sun Mar 09, 2008 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: good time to invest?
Replies: 15
Views: 3572

Peanut, The fact that others may feel the same way does not make it right. It just shows you following a crowd, and was my whole point. We can all learn much more when our ideas differ, rather than when everyone agrees. Sometimes, this site does not tolerate such differences very well. And that led ...
by openminded
Sun Mar 09, 2008 6:51 pm
Forum: Investing - Theory, News & General
Topic: Investing at a young age then stopping?
Replies: 23
Views: 4486

Re: Investing at a young age then stopping?

Also if I got married, most states protect the man's IRA money that he got before the marriage. So my future ex-wife wont be entitled to half of the future $3.2M. Then I could just spend all my money during the marriage so she cant get anything during the divorce. Ouch man! Dont forget a couple les...
by openminded
Sun Mar 09, 2008 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Merrill Lynch account, Laura, et al
Replies: 9
Views: 2573

Just a comment about waiting for back load to expire. IMO, If we are talking about any kind of early redemption charges or short term trading fees then it could make sense to wait. However if we are talking about a contingent deferred sales load (CDSC), I dont think the time frame should mean anythi...
by openminded
Sun Mar 09, 2008 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: good time to invest?
Replies: 15
Views: 3572

Peanut, So whats your point and your problem? Retired@48 talks about what his experiences are and what he may believe in. Dont most posters he talk about what they believe in? So what do you expect? Should he follow you around like a zombie? (Line deleted for profanity) Otherwise, it can be educatio...
by openminded
Mon Feb 18, 2008 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: In this time of uncertainty, why equities at all?
Replies: 48
Views: 11569

You guys crack me up!

Stay the course you say. What course? It does not sound like he even has a well thought out plan, so what course exactly do you want him to stay? He should of stayed the course in stable value! Dont get me wrong, I believe in developing a strategy one can live with and staying that course, but to ju...
by openminded
Sat Dec 29, 2007 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Am I too aggressive?
Replies: 30
Views: 6303

I might even say you have it exactly backwards.

Cover the basics with YOUR savings for retirement, and then let the govt' foot your travel bill.

I am sure not planning my retirement on these silly statements I get from the Social Security Administration. :roll:
by openminded
Sat Dec 29, 2007 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Am I too aggressive?
Replies: 30
Views: 6303

SnoDog:

I would not be so sure about that social security amount your banking on!

I would not bet the farm on it, let it just be icing on the cake!

Good Luck
by openminded
Thu Dec 27, 2007 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Young investor....
Replies: 4
Views: 1135

Bogleheads is a good beginner read. It will provide the foundation your looking for. Just dont stop there, pick up "4 Pillars" as your second read, great history in that book.

Keep an open mind and dont rush to judgement.

Enjoy the ride!
by openminded
Sat Dec 15, 2007 8:26 am
Forum: Investing - Help with Personal Investments
Topic: American Funds -> VG: What to keep, what to cut?
Replies: 28
Views: 6314

matt = one smart poster, or atleast openminded!
by openminded
Fri Dec 14, 2007 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds -> VG: What to keep, what to cut?
Replies: 28
Views: 6314

Great Job so far zooker. Your approach sounds reasonable to me.

You should have more than a few months to decide. You dont need to sell anything low!

Just direct new funds to a no-load low cost IRA, until you figure it all out.

Good Luck
by openminded
Wed Dec 12, 2007 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisors and Front End Loads
Replies: 13
Views: 2745

Here is a good article to help you understand the different compensation structures. http://www.fpanet.org/journal/articles/2007_Issues/jfp0507-art7.cfm I agree with you Pete and grok, I am of the Diehard way (for the most part), I just wanted sean to approach this rationaly and slowly, it is his pa...
by openminded
Wed Dec 12, 2007 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: The Big Lie
Replies: 3
Views: 1392

This was my first book, and a great first book! The book will piss you off so you want to learn more and be self-sufficient. He struck me as an honest guy "in the know" and exposes the industry for what it is. However, he definatley has an axe to grind, I think he was the geek/nerd at the office get...
by openminded
Wed Dec 12, 2007 12:48 am
Forum: Investing - Theory, News & General
Topic: Bogleheads Recommended Books for the learning investor
Replies: 7
Views: 1825

Ah 4 Pillars one of my favorite, I particularly found interesting all the history of all the bubbles and how far back it can be followed. You have listed a few classics. If you feel you dont really know bonds, then these two are incredible books. "BONDS The Unbeatan Path to Secure Investment Growth"...
by openminded
Wed Dec 12, 2007 12:17 am
Forum: Investing - Theory, News & General
Topic: What is the purpose of life insurance?
Replies: 62
Views: 10151

Thanks Meph,

You just allowed me to perhaps see my father in laws argument from a different perspective, even if he is wrong :lol:

Always learning........
by openminded
Wed Dec 12, 2007 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Financial Advisors and Front End Loads
Replies: 13
Views: 2745

Meph, Why the guilt? I see no problem with an honest advisor choosing from his basket of offerings (all load ofcourse, how else does he expect to eat!) to put togethor a portfolio to meet client needs. The advisor has done nothing wrong by charging a 5.75%load through the fund. It is up to the inves...
by openminded
Tue Dec 11, 2007 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisors and Front End Loads
Replies: 13
Views: 2745

grok, It is true, if you read what i said. I was not promoting loads, just an advisor. I was just saying there are many people who can be served well by an advisor. You fail to see that because this site is full of people who do not need one and typically despise them. Many here also fail to see, al...
by openminded
Tue Dec 11, 2007 10:49 pm
Forum: Investing - Theory, News & General
Topic: Thoughts.
Replies: 51
Views: 10918

Sullivanke, Dont be so quick to think you have found a mecca, and the ones who dont follow dont get it. Indexing certainly has merit, but is not critical to investing success. The more critical diehard aspects, IMO, is the DIY mentality, saving, delayed gratification, and ofcourse ... LOW COSTS. I k...
by openminded
Tue Dec 11, 2007 10:24 pm
Forum: Investing - Theory, News & General
Topic: What is the purpose of life insurance?
Replies: 62
Views: 10151

meph It is interesting you mention brainwashed freaks. My father in-law used to be an insurance salesman. He is a good man but not the sharpest tool in the shed. I had to stop the 'discussion' one night at the dinner table because I knew it was not looking pretty. He was not gonna let me make him lo...
by openminded
Tue Dec 11, 2007 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisors and Front End Loads
Replies: 13
Views: 2745

Your parents may desire the use of an advisor and may actually need one. There are good ones out there, and they can be helpful to those not inclined to pursue themselves. They can be a key factor in keeping people on the straight and narrow! (or stay the course!) So they deserve to get paid, hence ...
by openminded
Tue Dec 11, 2007 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for Income
Replies: 3
Views: 1467

Is my thinking correct in that, as long as the income is sufficient for his needs, that the possible NAV volatility is secondary concern. IOW, if certain he will not have to sell shares during depreciated NAV, why not go for the yield. Perhaps, keep enough in MM to cover emergency expenses as a buff...
by openminded
Tue Dec 11, 2007 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisors and Front End Loads
Replies: 13
Views: 2745

You need to confirm if he is getting the 1% AUM fee on top of the loads. If he is, he is effectively double dipping.

Yes, the load goes in his pocket.
by openminded
Tue Dec 11, 2007 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage- Invest or Refinance...????
Replies: 12
Views: 2810

Your trying to look at from a strictly financial outcome. It cant be done, cant it? Atleast not as cut and dry as you might like. I mean in one case you pay off the loan, a sure thing. The other depends upon the market. I guess it depends upon how much of your life you want in the market. Like Landy...
by openminded
Tue Dec 11, 2007 5:18 pm
Forum: Investing - Theory, News & General
Topic: What is the purpose of life insurance?
Replies: 62
Views: 10151

Hey ole meph, Ya gotta give IG some credit, he is holding up much better than the last couple guys that stumbled through getting all bloodied in the process! So IG..........thanks for the reply. I am really trying to feel you man, but its just not happening. OK so we all agree majority of cases (fam...
by openminded
Sun Dec 09, 2007 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Education Class
Replies: 3
Views: 1096

Unless you need the paper (read: degree)

Then just learn what you want on your own.

Good Luck
by openminded
Sun Dec 09, 2007 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds as Christmas presents
Replies: 9
Views: 2971

Thanks vortex :oops: Its classic, it all started at a party we went to (yes a family party!) and there was a Keg tapped. My daughter set up camp around the Keg and tapped all the beers for everyone. Came home with almost 50 bucks in her pocket! My son age 5. Long story short. Sucker father in-law fe...
by openminded
Sun Dec 09, 2007 10:13 pm
Forum: Investing - Theory, News & General
Topic: Whole life insurance
Replies: 60
Views: 18140

IG You must have an affluent client base? lets do this..... Is there any reason for me to take out WL, in any amount at any time? Both I and my spouse work decent jobs, plan to be 'self-insured' by working hard and saving and investing over the twenty years or our current term policy. Kids also out ...
by openminded
Sun Dec 09, 2007 9:50 pm
Forum: Investing - Theory, News & General
Topic: Interest rate 'freeze' - the real story is Fraud
Replies: 20
Views: 4586

Yeah your lookin at em, all the folks on this board and then some.

The bankers made their money, the fools are losing homes they never should of got into in the first place.................and dont worry....

The rest of us will be holding the bag of crap!

Boo!
by openminded
Sun Dec 09, 2007 9:28 pm
Forum: Investing - Theory, News & General
Topic: Whole life insurance
Replies: 60
Views: 18140

oh and.....

IG has been very respectful and shows thick skin.

Seems like a decent guy for an insurance salesman :shock:

If I was uninformed, I would be glad to have him as my agent.

I think :idea:


Hey IG

What percentage of your clients are reccommended WL over Term?
by openminded
Sun Dec 09, 2007 9:23 pm
Forum: Investing - Theory, News & General
Topic: Whole life insurance
Replies: 60
Views: 18140

I see no reason to bash IG just because he doesnt conform. Its great to have him around. He challanges you guys and provokes a debate. I dont think I have read anything that IG has said that goes against the mantra! I take no issue with anything IG has stated. Is WL, usually inappropriate for the av...
by openminded
Sun Dec 09, 2007 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds as Christmas presents
Replies: 9
Views: 2971

Well Mel beat me to it. I will offer my addl' 2c C'mon man...........get the kids something cool and 'useful' for gifts. :shock: How old are they? Atleast get them an exciting investment something with some meaning like say Disney Stock, they have some lame deal where you pay for a framed certificat...
by openminded
Sun Dec 09, 2007 8:01 pm
Forum: Investing - Theory, News & General
Topic: REITs Are Down, but for How Long?
Replies: 37
Views: 6334

Nice passive market timing, Adrian! Why not just rebalance now. Oh thats right, your waiting for that 5-10% additional drop. Oh or is it due to taxes? In any case......... Put purfume on a pig, its still a pig! BTW: I have nothing against market timing :shock: This post just reminds me of the nearby...
by openminded
Sun Dec 09, 2007 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA safety
Replies: 14
Views: 2893

Oh and everyone will have an opinion of what could/might/never happen............but the bottom line is ...........NO ONE REALLY KNOWS!

So diversify!

The most important thing is to save.
by openminded
Sun Dec 09, 2007 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA safety
Replies: 14
Views: 2893

Not paranoid at all. I have thought about it too as like many (if not all ) here have. (Wow, is that gramaticaly correct? :shock: ) I agree with Ken. Diversify the risks. Be paranoid, all the people who dont save WILL get a good chunk of yours one way or another. :evil: Thanks for being responsible ...
by openminded
Mon Dec 03, 2007 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: A note from Insurance Guy
Replies: 29
Views: 8051

No reason to leave. Nothing wrong with good healthy debate. Besides its fun to watch you get beat up :P

Seriously, You seem like a nice guy.

I think it is very educational for newbies for you to stick around.

Best Wishes
by openminded
Sat Dec 01, 2007 4:46 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice is making my head spin.
Replies: 45
Views: 9371

Hi Jodie

I think heyyou gave you some excellent advice.

Be afraid, be very afraid!

Try your best to really understand the risks of what your investing in.

Good Luck and hang in there..............great stuff...huh?

And most of all.........stay openminded 8)
by openminded
Sat Dec 01, 2007 4:04 pm
Forum: Investing - Theory, News & General
Topic: Index 500 is up 9.38% YTD as of today
Replies: 34
Views: 9014

Sorry Greyfox...........

You can put perfume on a pig, but its still a pig!

Not market timing, nice try.
by openminded
Sat Nov 17, 2007 9:59 pm
Forum: Investing - Theory, News & General
Topic: Gold is on a rampage
Replies: 161
Views: 41764

Nothing wrong with guns :shock: and a nice food supply :) , dont count on the gov't to take care of you during a disaster :roll:
by openminded
Sat Nov 17, 2007 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds help
Replies: 18
Views: 3591

Should be No load on Cash Management Trust for future contributions.
by openminded
Fri Nov 16, 2007 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: 38 year old, starting now, need your advice.
Replies: 14
Views: 4235

Dont be so hard on yourself! I think you have done a pretty good job so far with your finances! You have a nice emergency fund no debt and now you can really get started. OK, so maybe you missed out on a couple years of some tax-defferred 'space'. Landed a job with a nice 401k with a sweet match! Yo...
by openminded
Fri Nov 16, 2007 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds help
Replies: 18
Views: 3591

C-shares cost you less in a short term stituation, as this is! Just make sure you hold them for atleast a year, you may not have to roll them immediately? You win, the long-term employees get screwed!
by openminded
Sun Nov 04, 2007 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Inflation protection in taxable accounts
Replies: 30
Views: 6329

Mel & oneleaf,

What is it you guys dont like about treasury direct, or is just the hassle of setting up and maintaining another account?

Thanks for your thoughts
by openminded
Sun Oct 28, 2007 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Need morale support please!!
Replies: 64
Views: 14991

Oh and by the way......

You are not charged a load on re-invested dividends, at least not with American Funds.
by openminded
Sun Oct 28, 2007 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Need morale support please!!
Replies: 64
Views: 14991

Zoey Good Job so far..........but still time to screw it up! Take your time and learn more. You have some terriffic funds. If you feel the need to get away from the bloodsucker than do so, but dont be so quick to liquidate everything. Why not transfer in-kind what you can and wait until your comfort...
by openminded
Fri Oct 12, 2007 1:44 pm
Forum: Investing - Theory, News & General
Topic: ..
Replies: 29
Views: 7152

Marriage can go either way I would suppose!

Mary a young HOTTIE :P
With a growing stream of human capital and thats stability baby!

Worked for me :lol:
by openminded
Sun Sep 30, 2007 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Deleted
Replies: 18
Views: 3799

It was probably the salesman that told him that! :lol:

Yeah it sucks, I dont like either, but sometimes we gotta pay taxes!

Good Luck
by openminded
Sun Sep 30, 2007 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Deleted
Replies: 18
Views: 3799

Dont mix life insurance with investing!

Buy life insurance for life insurance (read Term Life!)

The problem is when listening to other people, you dont know if they really know what the hell they are talking about either!

The truth is out there!