Search found 8034 matches

by Phineas J. Whoopee
Mon Apr 22, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Best Taxable Bond Funds IRA
Replies: 8
Views: 405

Re: Best Taxable Bond Funds IRA

I have Inter term and long term corporate/govt bond funds and High Yield Any other suggestions or consolidate all to total bond fund It isn't possible to provide good guidance with such a small amount of information. If you want good advice, you can post in our Asking Portfolio Questions format. To...
by Phineas J. Whoopee
Mon Apr 22, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 40
Views: 3008

Re: Efficient Markets Indeed

It it's necessary, this from Investopedia : The Efficient Market Hypothesis, or EMH, is an investment theory whereby share prices reflect all information and consistent alpha generation is impossible . Theoretically, neither technical nor fundamental analysis can produce risk-adjusted excess return...
by Phineas J. Whoopee
Sun Apr 21, 2019 8:47 pm
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 40
Views: 3008

Re: Efficient Markets Indeed

Are you willing to tell us your understanding of the term efficient markets ? PJW Was just being sarcastic with the title. But I'd venture to say that the price of a stock going up hundreds of times because it gets confused with a different company doesn't seem very efficient! Be very careful with ...
by Phineas J. Whoopee
Sun Apr 21, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Yubikey
Replies: 12
Views: 1010

Re: Yubikey

As long as Vanguard still uses SMS as a backup method for customers who claim their Yubikey didn't work, the latter offers no additional security.
PJW
by Phineas J. Whoopee
Sun Apr 21, 2019 6:58 pm
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 40
Views: 3008

Re: Efficient Markets Indeed

EMH states current price reflects all available information. However, it doesn't state the information has to be correct information. Price may reflect incorrect information, which is the case in OP example. If the information is not incorporated 'correctly' , however that is defined, then the prac...
by Phineas J. Whoopee
Sun Apr 21, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1247

Re: Credit and Debit card safety

I agree about safety, and asking for the debit card purchase limit to be lowered. I used to have it at $1, but due to a change in a service facility I use, without going into detail, I had it raised to $20. I log in to that bank daily so I'd notice. It would take a very patient thief to get rich sel...
by Phineas J. Whoopee
Sun Apr 21, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 40
Views: 3008

Re: Efficient Markets Indeed

... I believe the markets are mostly efficient . Clearly they are not completely efficien t and can stay inefficient for long periods of time , but taking the wide view companies tend to be fairly valued in the long term . Are you willing to tell us your understanding of the term efficient market ?...
by Phineas J. Whoopee
Sat Apr 20, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 87
Views: 5011

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

... Yes. Thank you for the information. I have been thinking about a trip to the Antarctic in the near future. Unfortunately , my wife and several families booked a cruise in December from Santiago, Chile, go around the south America, to Buenos Aires, Argentina . It will not go to the Antarctic. If...
by Phineas J. Whoopee
Sat Apr 20, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 87
Views: 5011

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Without having retired I visited all seven continents. It wasn't the price of a bus ride, but I did it as reasonably inexpensively for what seemed like a good, or at least interesting, or at least instructive, experience as I could. Two were on repeated business trips, one was where I was born, and...
by Phineas J. Whoopee
Sat Apr 20, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 34
Views: 2684

Re: Buying a house without a realtor

In many US jurisdictions the realtor you work with as a buyer is an agent, but is not your agent. They're a subcontractor of the seller's agent, complete with all the fiduciary duties toward the seller that come with being their agent. Yes, I bought my dwelling without being a realtor's customer. I ...
by Phineas J. Whoopee
Sat Apr 20, 2019 8:25 am
Forum: Personal Investments
Topic: Short Term Cash
Replies: 23
Views: 2727

Re: Short Term Cash

TaxingAccount wrote:
Sat Apr 20, 2019 7:29 am
lakpr wrote:
Sat Apr 20, 2019 7:09 am
Holy Batman Dead Thread Revival! Any reason why you responded to a message from 16 months ago?
maybe he didn't wan't to be lambasted for creating a new topic and then have somebody post the link to this topic and tell him to use the search function next time.
Ya can't win for losing.

PJW
by Phineas J. Whoopee
Sat Apr 20, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 40
Views: 3008

Re: Efficient Markets Indeed

... I believe the markets are mostly efficient . Clearly they are not completely efficien t and can stay inefficient for long periods of time , but taking the wide view companies tend to be fairly valued in the long term . Are you willing to tell us your understanding of the term efficient market ?...
by Phineas J. Whoopee
Sat Apr 20, 2019 12:04 am
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 40
Views: 3008

Re: Efficient Markets Indeed

Are you willing to tell us your understanding of the term efficient markets?
PJW
by Phineas J. Whoopee
Fri Apr 19, 2019 11:56 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 87
Views: 5011

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Without having retired I visited all seven continents. It wasn't the price of a bus ride, but I did it as reasonably inexpensively for what seemed like a good, or at least interesting, or at least instructive, experience as I could. Two were on repeated business trips, one was where I was born, and ...
by Phineas J. Whoopee
Thu Apr 18, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6358

Re: What is your hobby and how did it come to be your hobby?

... Is it risky to be carrying around lockpicking tools? I mean in the event that it attracts the notice of law enforcement. I sometimes read in my local paper of individuals charged with possession of burglar tools. I suspect it may depend on jurisdiction. Where I live a licensed and bonded locksm...
by Phineas J. Whoopee
Thu Apr 18, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6358

Re: What is your hobby and how did it come to be your hobby?

finite_difference wrote:
Wed Apr 17, 2019 11:35 pm
Phineas J. Whoopee wrote:
Tue Apr 16, 2019 4:42 pm
I direct Shakespeare plays. How it came to be is too long to relate.

It's a hobby because I seldom get paid very much.

PJW
Prithee tell!
The sequence is too large to fit in the forum post.

PJW
by Phineas J. Whoopee
Thu Apr 18, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2209

Re: How does Alliant Credit Union make money on their Credit Card?

Presumably everyone is aware credit unions are not for profit. They have to cover their costs, including loan defaults, but they don't have stockholders to produce a return for.
PJW
by Phineas J. Whoopee
Thu Apr 18, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: Smoke detectors
Replies: 36
Views: 1686

Re: Smoke detectors

2. I replace the nine-volt battery twice a year, just like the local fire department recommends. That means the battery still works when I replace it. Around here I can get them at retail for two dollars. Every month I push the battery check button to be sure it beeps. I see no point in messing arou...
by Phineas J. Whoopee
Wed Apr 17, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1467

Re: Social Security - How Secure?

Everyone is expecting approximately a 25% discount to social security in its current form is nothing is done. However,what are the odds of not dying before reaching age 70? I am wondering if there is a statistic kept by SSA somewhere that shows how many people who were eligible for social security ...
by Phineas J. Whoopee
Wed Apr 17, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1467

Re: Social Security - How Secure?

I am building cash flow projections to determine the amount of $$ I will need to withdraw in retirement. I have never expected social security to be there for my retirement but now that I am 58 years old I am thinking that it is likely social security won't be bust when I am eligible to get checks ...
by Phineas J. Whoopee
Wed Apr 17, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1467

Re: Social Security - How Secure?

... How secure do you consider a 10-year Treasury note ? What about a Sprint Corporation 4-year bond ? The 1983 amendments made it abundantly clear social security payments are not backed by the full faith and credit of the United States. That was a feature, not a bug, and was necessary to garner e...
by Phineas J. Whoopee
Wed Apr 17, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1467

Re: Social Security - How Secure?

... How secure do you consider a 10-year Treasury note ? What about a Sprint Corporation 4-year bond ? The 1983 amendments made it abundantly clear social security payments are not backed by the full faith and credit of the United States. That was a feature, not a bug, and was necessary to garner e...
by Phineas J. Whoopee
Wed Apr 17, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1467

Re: Social Security - How Secure?

What I personally do is discount what the formulas say by 25% starting in 2032. That's what will happen, maybe a couple of years later, maybe a couple of percent less, under the law as it stands today. I won't be surprised if Congress changes the law somewhere before then, and probably I won't lose ...
by Phineas J. Whoopee
Wed Apr 17, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Jury Duty questions
Replies: 20
Views: 2060

Re: Jury Duty questions

My suggestion is, regardless of your jurisdiction, to contact the clerk of the court right away and explain the situation, then follow any instructions the clerk's office gives you. That's always far better than simply not showing up.
PJW
by Phineas J. Whoopee
Tue Apr 16, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4430

Re: Why does the stock market go up in the long term?

I think the titular question has a flaw, and should read why did the stock market go up in the long term. What's the long term? What's the stock market? Investors in Imperial Russia experienced a collapse of stock and bond prices, to zero. The same happened in Revolutionary China and countless other...
by Phineas J. Whoopee
Tue Apr 16, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6358

Re: What is your hobby and how did it come to be your hobby?

I direct Shakespeare plays. How it came to be is too long to relate.

It's a hobby because I seldom get paid very much.

PJW
by Phineas J. Whoopee
Mon Apr 15, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: 72t.net shutting down May 1st
Replies: 4
Views: 1664

Re: 72t.net shutting down May 1st

That's too bad. It's a great resource for people with reason to consider an SEPP plan.
PJW
by Phineas J. Whoopee
Mon Apr 15, 2019 1:34 pm
Forum: Personal Investments
Topic: Best Order Type to sell individual stocks
Replies: 5
Views: 535

Re: Best Order Type to sell individual stocks

Place a sell limit order, colloquially an ask, and you won't sell below the limit price you set. The order may never execute, depending on future price moves. Place a market order to sell and it will execute, but you won't know the price until after the transaction. For a reasonably large company un...
by Phineas J. Whoopee
Mon Apr 15, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: What TIPS yield is equivalent to 4% SWR but guarantees 30 year portfolio survival?
Replies: 30
Views: 2780

Re: What TIPS yield is equivalent to 4% SWR but guarantees 30 year portfolio survival?

Ain't none. Four percent was an empirical result, based on examining past returns and inflation. It was the highest rate, four percent of the initial portfolio adjusted for inflation each subsequent year, which in the worst examined historical case resulted in complete depletion of the portfolio aft...
by Phineas J. Whoopee
Mon Apr 15, 2019 1:05 pm
Forum: Personal Investments
Topic: Shifting away from 100% stocks - how do you execute shift without timing?
Replies: 17
Views: 1150

Re: Shifting away from 100% stocks - how do you execute shift without timing?

Step one: decide to do it.

Step two: do it.

Be sure to take tax considerations into account.

PJW
by Phineas J. Whoopee
Sun Apr 14, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: 700 Years of Falling Interest Rates, 1310-2018
Replies: 56
Views: 5981

Re: 700 Years of Falling Interest Rates, 1310-2018

Oh, man! I almost bought consols in 1347, but the black death intimidated me.
PJW
by Phineas J. Whoopee
Sun Apr 14, 2019 12:22 pm
Forum: Personal Investments
Topic: Zero Fees: Fidelity Lower than Vanguard
Replies: 10
Views: 871

Re: Zero Fees: Fidelity Lower than Vanguard

A few basis points, call it four which is close enough, in my thoroughly non-leveraged portfolio equates to very few dollars a year, and we don't know what the Johnson family will decide in the future (including changing the composition of their self-created indexes). Mutual funds also pay expenses ...
by Phineas J. Whoopee
Sat Apr 13, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8144

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

... Sincere question: Why was it “necessary” to create a distinct vehicle (ETFs) instead of just applying the more favorable tax treatment to mutual funds? The law. Specifically, if a mutual fund sells underlying shares it has to do so in a less tax-efficient manner than if an ETF rids itself of un...
by Phineas J. Whoopee
Sat Apr 13, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: What websites do you use for the latest investing news?
Replies: 51
Views: 3908

Re: What websites do you use for the latest investing news?

I don't look for the latest investing news , throughout the day or otherwise, but I'm interested in economics. I primarily read Reuters for breaking economic news, then if my curiosity is piqued enough a few days later I look for somebody's analysis of it, which could be from Reuters. Frequently I d...
by Phineas J. Whoopee
Sat Apr 13, 2019 11:27 am
Forum: Personal Investments
Topic: Where to invest $50k, how to wisely invest $50k
Replies: 13
Views: 1612

Re: Where to invest $50k, how to wisely invest $50k

aaronbabu wrote:
Sat Apr 13, 2019 10:01 am
JTColton wrote:
Fri Apr 12, 2019 1:51 am
At your age and finances I would put it all in stocks (that's what I'm doing) VTWAX or VTSAX.

If you have an EF covered I would drop the whole 100k unless you have plans for it.
Thanks bro. what is an EF?
I'm not bro, but EF around here is jargon for Emergency Fund.

PJW
by Phineas J. Whoopee
Fri Apr 12, 2019 2:07 pm
Forum: Personal Investments
Topic: What % bonds for early retirement
Replies: 41
Views: 3587

Re: What % bonds for early retirement

This is what I did, and a couple of years later I answered some questions about it.

For the record, I think an age-based asset allocation will be far more practical for most investors to commit to and carry out.

PJW
by Phineas J. Whoopee
Thu Apr 11, 2019 3:10 pm
Forum: Investing - Theory, News & General
Topic: Active vs Passive Fund management
Replies: 18
Views: 1339

Re: Active vs Passive Fund management

Any fund that deviates from the market-weighted index will have a different return. Some will be higher, some lower. It isn't possible for all investors to beat the market, because they are the market. The market return is all the return there is, and may be negative over any period of time, and the...
by Phineas J. Whoopee
Wed Apr 10, 2019 12:21 pm
Forum: Personal Investments
Topic: Treating Home as Bonds?
Replies: 15
Views: 675

Re: Treating Home as Bonds?

Let's try the converse: Treating Bonds as Home? Clearly doesn't work. I get beaten up a lot for saying this, but one benefit of owning one's dwelling is not having to pay rent on it, including not having to pay the landlord's profit. There's your monetary benefit. It's as if you are your own landlor...
by Phineas J. Whoopee
Tue Apr 09, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are life insurance basically scams?
Replies: 43
Views: 1836

Re: Are life insurance basically scams?

Did I help? PJW Very insightful response. I enjoyed reading it, but like sometimes we can't just see people being ripped off at used car dealerships, paying thousands for clunkers and say nothing ... Your example has nothing to do with life insurance, which is what you asked about. Is it possible f...
by Phineas J. Whoopee
Tue Apr 09, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Are life insurance basically scams?
Replies: 43
Views: 1836

Re: Are life insurance basically scams?

Term life insurance is not a scam unless all insurance is a scam. Across the population one would expect legitimate insurance to have a negative return on premiums. At the same time, an individual policy holder should hope never to collect, because to do so there would have had to be an adverse even...
by Phineas J. Whoopee
Tue Apr 09, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: Why bond/muni funds price don't change?
Replies: 10
Views: 1091

Re: Why bond/muni funds price don't change?

To add without arguing, securities are usually marked to market , with the most recent trade between the most eager buyer and most eager seller used, in an accounting convention, as the current market price. For bonds, price and yield are mathematically linked, so much so that if you know one you ca...
by Phineas J. Whoopee
Tue Apr 09, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage &Future Security?
Replies: 11
Views: 842

Re: Reverse Mortgage &Future Security?

... The LOC strategy may work for you -- and it could actually make sense to apply now to increase the value of that credit line when you need it. That's a good point. To add, this of course is just anecdotal, elderly relatives of mine used a home equity line of credit to borrow against their house...
by Phineas J. Whoopee
Tue Apr 09, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: Leveraged TIPS?
Replies: 15
Views: 951

Re: Leveraged TIPS?

I don't see much likelihood of a 10x leveraged TIPS ETF coming out any time soon, but of course one can always load up on margin and other debt and use the proceeds to buy TIPS, directly or via funds. I'm not advocating such an approach, but merely pointing out it's possible. It's also important to ...
by Phineas J. Whoopee
Mon Apr 08, 2019 4:01 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

I'm neutral on the whole dividend debate but one question that always stumps me from the “Dividends don't lie” crowd: “What is the value of a company that never returns capital to their shareholder?” Maybe the bias against dividends is mental accounting to justify speculation. I don't really believ...
by Phineas J. Whoopee
Mon Apr 08, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

I'm neutral on the whole dividend debate but one question that always stumps me from the “Dividends don't lie” crowd: “What is the value of a company that never returns capital to their shareholder?” Maybe the bias against dividends is mental accounting to justify speculation. I don't really believ...
by Phineas J. Whoopee
Mon Apr 08, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

Some have a viewpoint that selling shares is the same as receiving a dividend. My point is for that statement to be true the share price would need to increase to compensate for the change in the number of shares. Or the price of the dividend stock would need to decrease, which is exactly what happ...
by Phineas J. Whoopee
Mon Apr 08, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

I'm neutral on the whole dividend debate but one question that always stumps me from the “Dividends don't lie” crowd: “What is the value of a company that never returns capital to their shareholder?” Maybe the bias against dividends is mental accounting to justify speculation. I don't really believ...
by Phineas J. Whoopee
Mon Apr 08, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

I'm neutral on the whole dividend debate but one question that always stumps me from the “Dividends don't lie” crowd: “What is the value of a company that never returns capital to their shareholder?” Maybe the bias against dividends is mental accounting to justify speculation. I don't really believ...
by Phineas J. Whoopee
Mon Apr 08, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

minimalistmarc wrote:
Mon Apr 08, 2019 3:17 pm
...
Just read the thread. Trying to convince dividend fans is usually a futile endeavour
Motivated reasoning cannot be overcome with facts.

PJW
by Phineas J. Whoopee
Mon Apr 08, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

... I am one who does not believe the market is perfectly efficient . Investors are not completely rational. However, it is very hard to take advantage of the less than perfect market efficiency. I prefer to capture market returns. Hi SGM. Can you explain what you mean by the term perfectly efficie...