Search found 941 matches

by Prokofiev
Sat Oct 20, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 22
Views: 1507

Re: Thoughts on 5 year TIPS bonds?

According to Larry Swedroe the 5 year Treasury had a historical real return of 2.3% for 1926-2010. What has it been 2010-2018? It might be quite a wait to get real yields above 2.3%, but maybe not. You could always scale into a position over a few weeks or months if you are convinced that real rate...
by Prokofiev
Sat Oct 20, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 22
Views: 1507

Re: Thoughts on 5 year TIPS bonds?

Right now, the TIPS yield curve is very flat. Real yields of 1.0 to 1.2% I have bought a large amount of 2yr, 4yr and 5yr TIPS, with yields at 1.1% I've been doing 2-3 year CDs at 3-3.2% in an IRA. I guess I should start looking at short term TIPS also, as I would not be surprised to see more than ...
by Prokofiev
Fri Oct 19, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 22
Views: 1507

Re: Thoughts on 5 year TIPS bonds?

Right now, the TIPS yield curve is very flat. Real yields of 1.0 to 1.2% I have bought a large amount of 2yr, 4yr and 5yr TIPS, with yields at 1.1% I sold some of my longer maturities.That works for me. I can/might hold to maturity or sell them to get into the market if stock prices continue to tank...
by Prokofiev
Mon Oct 15, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: UPDATE: Credit Card Fraud - $30K

Weren't you concerned/surprised that you did not receive alerts from Citi for the charges *you* made on that card during the 1-week period between email id being changed and the fake charges happening? No. I did not receive alerts for every charge made, on any of my credit cards. Only for change of...
by Prokofiev
Mon Oct 15, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: UPDATE: Credit Card Fraud - $30K

I just received an Alert from Credit Karma concerning a data breach of TicketFly.com where my password was compromised (although this breach was some 6 months ago). The time of the breach matches closely with the time of my credit card account being hijacked and I had used this same password for bot...
by Prokofiev
Tue Oct 09, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10349

Re: Allan Roth doesn't like single premium annuities

Not a scam, you are getting the higher payouts because of mortality credits. In other words, as an annuity owner, you get a higher payout because of those who die early. Hopefully, if you purchase one, you don't want to be one of those chumps who dies early. But this is a trade-off and there are tr...
by Prokofiev
Wed Sep 19, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Long term stays/vacations
Replies: 11
Views: 1595

Re: Long term stays/vacations

Everyone is different. I thought I would travel for 3-6 months at a time when I retired years ago at age 47. And I have done a tremendous amount of traveling. Just returned from Bulgaria last night. But now all my trips are between 4-6 weeks maximum. That was certainly not the original plan. I find ...
by Prokofiev
Wed Sep 19, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: UPDATE: Credit Card Fraud - $30K

This is an update on my credit card fraud investigation. About 60 days after reporting the fraud to Citibank, they have credited my account with the 3- $10k charges for a total of $30k. My credit score is back above 800 and all is well. I was not expecting to hear anything back from them about this,...
by Prokofiev
Sat Sep 08, 2018 1:54 am
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9885

Re: What will you do when you find you have more money than expected?

What I have done being in this position myself, is reduce risk in my portfolio. I no longer need to get 3-6% real from my investments and I have learned to value the stability of an inflation indexed, guaranteed income over a higher-risk, volatile stock heavy portfolio. As such, I am investing a muc...
by Prokofiev
Thu Aug 23, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5419

Re: Test your cognitive biases

Apparently, each test taker sees different questions, since I do not recognize any of the above mentioned questions. Toothpaste?

Mine concerned poison mushrooms, expensive cars, STD's, private drones and terrorism.
by Prokofiev
Thu Aug 23, 2018 3:42 am
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5419

Re: Test your cognitive biases

Which is a greater threat to society.

Terrorist attacks or private drones?
by Prokofiev
Mon Aug 20, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: Credit Card Fraud - $30K

OP, Credit Karma's credit score isn't a real FICO score, it is Vantage 3.0, which virtually no one actually uses. I am sure your FICO score decreased as well, but not over 100 points. Best of luck getting this resolved. Yes, I thought over 100 points seemed very high. But this morning I received an...
by Prokofiev
Sat Aug 18, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: Credit Card Fraud - $30K

How was that possible? This account was compromised from the web , not from using the card number or physical card. ...Someone needed my ID and Password to get into the system, ... How do you know this? Did they tell you this? I would be surprised if they shared this with you. I think it is more li...
by Prokofiev
Sat Aug 18, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: Credit Card Fraud - $30K

due to the large value of the fraud, it is being handled by a special Citi fraud group. All of my financial institutions (except treasury direct) offer fraud protection for online fraud. I am required (in the fine print of the fraud protection) to let them investigate my computer to see if it is/wa...
by Prokofiev
Sat Aug 18, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: Credit Card Fraud - $30K

Maybe the hacker has access to your email as well. The credit card notification setting could have been changed to a paperless option, such as email only. When that notification was sent to your inbox, it may have been quickly deleted. Then, after changing your email address, all subsequent changes...
by Prokofiev
Sat Aug 18, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

Re: Credit Card Fraud - $30K

Surprise to me you monitor your credit score more frequently than your account. Don’t you check all your accounts monthly? Seems main impact to credit would come after non-payment and may result in contacting credit company later than their requirements for fraud alert. I monitor almost all my cred...
by Prokofiev
Sat Aug 18, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8515

UPDATE: Credit Card Fraud - $30K

I checked my credit using Credit Karma several weeks ago and found that my FICO score had dropped from 809 to 698. What happened? It showed that one of my credit cards that I seldom use was maxed-out at $30,000. I tried to log-in to the account, but it didn't recognize my password. Or my secret ques...
by Prokofiev
Sat Aug 11, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion advice for senior
Replies: 7
Views: 652

Re: Roth conversion advice for senior

While it may be a reasonable idea to Roth convert (over several years, depending on the size of the IRA), I would not convert 100% at 32% I was faced with the same dilema years ago with my parents money. It appeared that they would be in the 25% bracket forever. But that changed when they reached ag...
by Prokofiev
Wed Aug 08, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5549

Re: Employer will not indemnify me cause I am retired

"This is what I do in retirement. I love it! I wrote two books and I give both of them away. I have NO ads on my blog as I have plenty of money" In that case, you have answered your own question! This is what you love, you have plenty of money and you are not trying to profit or set-up a consulting ...
by Prokofiev
Wed Aug 08, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5549

Re: Employer will not indemnify me cause I am retired

My first question would be "Why are you doing this?" You are retired and I would look to move-on and do what I truly enjoy in life. Now if this IS what you truly enjoy and need to keep connected to old friends and co-workers, find happiness and direction in being involved, or just love the donuts, I...
by Prokofiev
Sun Mar 18, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: REITS and Swedroe
Replies: 71
Views: 8092

Re: REITS and Swedroe

"So pretty much you are saying that advice once given should never change. I just don't get it. " Well, when you write a book called "The ONLY Guide to Investment Strategy you will EVER Need" and you then need a different guide only several years later, it seems to redefine the words ONLY and EVER, ...
by Prokofiev
Tue Jan 09, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: home inspection on house I already live in?
Replies: 22
Views: 2167

Worth it for us

We had our new (1916) home inspected after our offer was accepted by the seller here in New Orleans. Best $295 we ever spent. 2 men spent 3 hours documenting with digital photos 95 problems with the property. Most were rather minor, but at least 12 or more were significant and some of those we would...
by Prokofiev
Sun Oct 08, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 9117

Re: Vanguard's long-term outlook for TIPS

At 1% real or less, TIPS are a terrible way to GET rich. But an excellent way to STAY rich. If I was a young investor today, I would not think of owning TIPS in my portfolio. I would be 90% equities. But having taken advantage of the bull market of 1981-2000 (I averaged 15% real), I can easily get b...
by Prokofiev
Sun Oct 08, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 9117

Re: Vanguard's long-term outlook for TIPS

Those "stodgy" old I Bonds with REAL rates of 3.0, 3.3, 3.4 and 3.6% are looking mighty good compared to TIPS right now. Because I backed up the truck over the years (and recommended that others do the same), they provide all the inflation protection I need, so I no longer have any reason to own TI...
by Prokofiev
Thu Feb 02, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 998

Re: Vanguard TIPS pricing incorrect

I know VG is a low cost player, but the value of my account and trading at correct prices is about as basic as it gets. Is Vanguard trading at incorrect prices? Being able to buy at 3-20% below the true price sounds like an opportunity. Yes, I asked them that! Instead of selling my TIPS cheap, can ...
by Prokofiev
Thu Feb 02, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 998

Re: Vanguard TIPS pricing incorrect

I was under the impression that Vanguard uses Tradeweb's platform for all of their online bond trading. Isn't this Tradeweb's glitch? And wouldn't some other brokers also be impacted? I'm going to bet "No" on that one. Because no bank or brokerage would ever allow incorrect pricing for days, weeks ...
by Prokofiev
Thu Feb 02, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 998

Vanguard TIPS pricing incorrect

A heads-up for those of you with individual TIPS bonds at VG. I just got off the phone with the VG bond desk. TIPS prices have been wrong for the past 3 days and you must do all buy/sell by calling the bond desk. It seems as if the inflation factor is being dropped again, which results in showing TI...
by Prokofiev
Thu Jan 19, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Building a TIPs Ladder
Replies: 14
Views: 2529

Re: Building a TIPs Ladder

"Interesting, thanks for all the replies. I am concerned that I may be at a price disadvantage in the secondary market (reason why I prefer new issues), but, do you think the stronger inflation protection by building the ladder all at once using secondary market more than offsets that concern?" Yes,...
by Prokofiev
Sun Jan 15, 2017 1:27 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 10424

Re: Flafship Reps

I wont miss my Flagship rep. But I will miss the free TurboTax I have received for the past 10(?) years. The only real perk of Flagship.
by Prokofiev
Sat Oct 22, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 8854

Re: Cheapskate for not flying business class?

We have just returned from Australia on Qantas business class. In May we flew to Istanbul, Turkish Air business class. Both were well worth the investment. International business class is the new First class for most airlines and the service was incredible. Most important was the 180 degree flat sea...
by Prokofiev
Thu Sep 01, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: RBD fans, Dan Wiener has news! [Really Bad Day]
Replies: 40
Views: 6509

Re: RBD fans, Dan Wiener has news! [Really Bad Day]

If it's so apparent, why share the new found secret wisdom with everyone in a yahoo article. If it was foolproof, the guy wouldn't need to be writing articles anymore. This seems to be the answer to every claim about how you can invest more effectively. "Obviously, if this guy could reliably get 0....
by Prokofiev
Sat Sep 12, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 112
Views: 21820

Re: Spreadsheet to show how the taxable SS benefits will affect you

"You must have read something wrong. 15% of your benefit remains non-taxable income, but 85% can become taxable as your basis continues to grow."

No. It seems I didn't understand how SS is taxed . . .

So the maximum taxable is 85%
by Prokofiev
Sat Sep 12, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 112
Views: 21820

Re: Spreadsheet to show how the taxable SS benefits will affect you

Why is there a hump that lasts for about $8,000 in the single case? The extra tax can only exist for 15% of the total SS amount.
15% of $28,200 is $4230. What am I missing?
by Prokofiev
Tue Jul 21, 2015 12:17 am
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 23564

Re: What to do with VGPMX (Vanguard Precious Metals and Mini

May 16, 2008: $39.75/share Jan 8, 2015: $9.45/share Jul 20, 2015: $7.32/share (6.87% drop today) How low will it go? Not sure, but that was a major drop today. Not only do I have a position in VGPMX, but I somehow mysteriously acquired Vanguard Energy ETF - down 30% this past year, along with PCRIX...
by Prokofiev
Wed May 13, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Share the life lessons that you learned in your 30's.
Replies: 27
Views: 3777

Re: Share the life lessons that you learned in your 30's.

I played Volleyball in my 30's and learned it becomes progressively harder to compete with those in their 20's.
by Prokofiev
Fri Apr 24, 2015 1:28 am
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 5612

Re: Is tax loss harvesting that powerful ?

Here was a recent and specific benefit to me: I sold some shares of VLCAX this week for a short-term gain. Yes, I bought these shares back in January. I needed money to pay my monthly credit card bill. Since these shares were only up by about 3%, it made the most sense to sell them to raise cash. S...
by Prokofiev
Fri Apr 24, 2015 12:39 am
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 5612

Re: Is tax loss harvesting that powerful ?

With only the ability to write off $3000 a year it doesn't seem like this is a tool that the rich and powerful investors would care too much about. As an example of a much bigger benefit, I had to sell a lot of stock to make my home down payment in 2013. I had capital gains on all of my stock, but ...
by Prokofiev
Sun Apr 19, 2015 5:25 pm
Forum: Investing - Theory, News & General
Topic: Pay taxes for parent to convert to Roth?
Replies: 4
Views: 811

Re: Pay taxes for parent to convert to Roth?

What if they could get the majority of the trad IRA out at 0%? Then the 25% tax payment + possible state taxes would look pretty stupid. This same situation occurred with my parents 6-7 years ago. After my parents became ill and needed paid nursing/nursing home, they dropped into the 0% bracket for ...
by Prokofiev
Fri Mar 20, 2015 11:38 am
Forum: Investing - Theory, News & General
Topic: Where is Larry Swedroe
Replies: 18
Views: 5387

Re: Where is Larry Swedroe

larryswedroe wrote: note Andy is a Ph.D. in psychics . . .

Extremely useful for market predictions!
by Prokofiev
Mon Dec 15, 2014 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion tax question
Replies: 23
Views: 1859

Re: Roth conversion tax question

I think the confusion concerns what age you are at the time of withdrawal. Although each Roth conversion triggers a new 5-yr rule, being over 59.5 exempts you from any penalty or tax. However, those under 59.5 cannot withdraw conversions penalty-free if they have been converted less than 5 years, ev...
by Prokofiev
Fri Dec 05, 2014 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: My Rate of Return on my 401K was 9.83%. Is that Good?
Replies: 30
Views: 3842

Re: My Rate of Return on my 401K was 9.83%. Is that Good?

VG site shows a total return of 8.27% YTD for the Target 2050 fund. Perhaps you are also counting your contributions. Or the monthly contributions were luckily timed to gain an additional 1.55%. Possible for a low-balance account. But either number is good in this low-inflation environment, especial...
by Prokofiev
Thu Dec 04, 2014 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Oil wells
Replies: 12
Views: 1508

Re: Oil wells

Ticker, This is a terrible idea. It's not impossible to make money this way, but almost. There are many different "drilling programs" offered to investors - rank wildcat, exploitation, single well deals, etc. If ANY of them had decent economics, you would not be offered that opportunity. I spent a l...
by Prokofiev
Tue Aug 26, 2014 1:11 am
Forum: Investing - Theory, News & General
Topic: Catastrophe Brewing - Longevity
Replies: 12
Views: 3157

Re: Catastrophe Brewing - Longevity

Interesting, in-depth article.

Good find. Thanks
by Prokofiev
Sun Aug 24, 2014 4:36 pm
Forum: Investing - Theory, News & General
Topic: 100% stock AA-> At what age to add bonds?
Replies: 58
Views: 5866

Re: 100% stock AA-> At what age to add bonds?

If you have no Bond allocation in your Portfolio, it makes it impossible to re-balance. I think you need at least 20% Bonds. This is incorrect. If you have 100% stocks it is easy to rebalance since it's not necessary. You will always have 100% stock no matter what. And if you receive any dividends ...
by Prokofiev
Tue May 20, 2014 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help with determining past performace of a stock portfolio
Replies: 6
Views: 550

Re: Help with determining past performace of a stock portfol

Science Guy, Why would you compare a 100% US equity portfolio to a 80/20 VG portfolio? Was 20% international? And just entering the portfolio and seeing what happened over the past 20 years is relatively easy. But are you saying the portfolio was unchanged for 20 years? If so, why pay .6%/yr for man...
by Prokofiev
Fri May 02, 2014 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing Medicare Part B costs
Replies: 1
Views: 514

Reducing Medicare Part B costs

I have a question regarding the cost of Medicare Part B. My girlfriends father is now in a retirement/nursing home at the age of 94. In 2013 his total income was under $85k, yet he still pays about $273/mo for Part B due to his fed tax return of 2011 which was about $170k. His 2012 income (AGI) was ...
by Prokofiev
Wed Apr 23, 2014 2:58 pm
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 89
Views: 22103

Re: Where would you retire, if $ were no object?

USA: New York City

Non-US: Barcelona, Spain
by Prokofiev
Tue Feb 11, 2014 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: dividend check
Replies: 8
Views: 1652

Re: dividend check

The OP didn't say it was Vanguard, but I did the same thing with VG bond funds late last year and received 2 dividend checks. Everything appeared to be going to my Prime MM settlement fund per the website. I double-checked this after the 1st check arrived. After the 2nd, I called VG and was told it ...
by Prokofiev
Fri Feb 07, 2014 4:32 pm
Forum: Personal Consumer Issues
Topic: I'm feeling old today
Replies: 97
Views: 9543

Re: I'm feeling old today

Nah you are not old unless you can remember . . . Lawrence Welk and his Champagne music. I cannot forget Lawrence Welk because he is still on TV here in New Orleans every Saturday night. And on the local PBS station! Since when is/was Lawrence Welk an educational program? And in a majority African-...
by Prokofiev
Mon Feb 03, 2014 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Talk Some Sense into me?
Replies: 19
Views: 2459

Re: Talk Some Sense into me?

"Someone make me realize my errors." I see two obvious errors in your logic. #1 " Returned about the same as the S&P 500 last year. Have not really put in the effort to precisely see if I beat or lost. ( maybe I don't want to know)" If you can't put in the effort to calculate your ROR and benchmark ...