Search found 8297 matches

by Phineas J. Whoopee
Sat Jul 20, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 75
Views: 4882

Re: NYT Article: Safe Deposit Boxes Aren't Safe

Doesn't the word safe in the term Safe Deposit Box refer to the fact the deposit box is inside a safe? It certainly doesn't mean the contents are free from any and all risks forever.

The headline Safe Deposit Boxes Aren't Safe equivocates.

I pray you, remember the Porter.

PJW
by Phineas J. Whoopee
Sat Jul 20, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 37
Views: 2076

Re: Income below100% FPL-danger of ACA subsidy?

Whats the problem with having Medicaid? My mom has it, and she doesnt have any issues with docs etc.. Depends on the state. Since OP mentioned 100% of poverty level, and not 138%, OP is probably in a state that didn't expand Medicaid. The state may still have asset tests. It's worse than that. In n...
by Phineas J. Whoopee
Thu Jul 18, 2019 10:15 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 40
Views: 3771

Re: Bad time to enter the market?

... However, we invest in stock markets because we believe they go up in value in the future and because historically they have done so. Unless markets are extremely volatile, the facts that markets go up means the longer you wait, the higher the expected price. Or, as others have said, DCA will be...
by Phineas J. Whoopee
Thu Jul 18, 2019 10:05 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 40
Views: 3771

Re: Bad time to enter the market?

brokencolor wrote:
Thu Jul 18, 2019 9:55 pm
...
Sorry for the long description. Should've been more clear.
Yes, thank you. It's always better to include important details like that up front. Otherwise many who want to help wind up wasting their time pursuing lines of reasoning that don't apply in the present case.

PJW
by Phineas J. Whoopee
Thu Jul 18, 2019 10:01 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 40
Views: 3771

Re: Bad time to enter the market?

... So in the long run would you rather your investments have an overall higher average cost or an overall lower average cost , and why? For the sake of discussion let’s exclude tax implications. I don’t know about you, but I’m going for an overall lower average cost so that ultimately I have an ov...
by Phineas J. Whoopee
Thu Jul 18, 2019 9:17 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 40
Views: 3771

Re: Bad time to enter the market?

Putting a predetermined amount in on a regular basis takes advantage of dollar cost averaging, which over the long haul boosts your return . Because it’s a fixed dollar amount being invested she will be buying a fewer number of high priced shares and a larger number of lower priced shares... Well, ...
by Phineas J. Whoopee
Thu Jul 18, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4308

Re: From ex-dividend to distrubution where is my money?

For exchange-traded equities nobody sets the price under any circumstances. Never. Not at all. Oh my conflicting information on the internets. Who to believe? I'm quoting from a link I was given. https://finance.zacks.com/stock-price-change-dividend-paid-3571.html Stock market specialists will mark...
by Phineas J. Whoopee
Thu Jul 18, 2019 6:28 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4308

Re: From ex-dividend to distrubution where is my money?

... If I sold my LESOP today it would become real money and I would not get all of it until August 1st so the question is the virtually the same . No, it is not at all the same. The only question is what your plan documents say. That's it. Yes I understand the money can be in many pleases depending...
by Phineas J. Whoopee
Thu Jul 18, 2019 4:40 pm
Forum: Personal Investments
Topic: Bond fund versus individual bonds
Replies: 39
Views: 1715

Re: Bond fund versus individual bonds

I am going to buy individual bonds , I think. I can do without the liquidity of bond funds on 5 year bonds and I am more guaranteed to get my principal back. Can someone explain how I lose money in a bond fund? I am thinking that if rates go up then the price of the fund goes down and I lose my val...
by Phineas J. Whoopee
Thu Jul 18, 2019 3:34 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4308

Re: From ex-dividend to distrubution where is my money?

As established slightly upthread that wasn't even the OP's real question. With respect to prices and dividends and what have you, the mechanics are in the middle section of this post I wrote in a thread about the EMH. Whether you accept the Efficient Market Hypothesis or not, market mechanics remain...
by Phineas J. Whoopee
Thu Jul 18, 2019 2:31 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4308

Re: From ex-dividend to distrubution where is my money?

... If I sold my LESOP today it would become real money and I would not get all of it until August 1st so the question is the virtually the same . No, it is not at all the same. The only question is what your plan documents say. That's it. The question of why the stock drops remains the same, it ha...
by Phineas J. Whoopee
Thu Jul 18, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Safely Share User IDs / Passwords with Spouse
Replies: 76
Views: 5236

Re: How to Safely Share User IDs / Passwords with Spouse

I agree with the minority of posters not answering OP's question " How to Safely Share User IDs / Passwords with Spouse," that the question should have been "How to Avoid Sharing User IDs / Passwords with Spouse in such a way no assets are stolen nor laws broken after I die yet Spouse can still acce...
by Phineas J. Whoopee
Thu Jul 18, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 91
Views: 4308

Re: From ex-dividend to distrubution where is my money?

... There is no actual stock. It is a leveraged employee stock ownership plan. Verizon carries the stocks value as debt. ... That bit of context changes the question enormously. It would have been a great time saver to all the people helping if you'd included the detail in your original post. PJW
by Phineas J. Whoopee
Thu Jul 18, 2019 1:22 pm
Forum: Personal Investments
Topic: Bond fund versus individual bonds
Replies: 39
Views: 1715

Re: Bond fund versus individual bonds

Are they really the same? If I buy $100,000 of 1 year treasury bonds yielding 2%, and if interest rates go up 1/2% during that time I end up with $102,000. But if I invest $100,000 in a bond fund, under the same circumstances, I will end up with only $101,500. Right? They're different because the f...
by Phineas J. Whoopee
Wed Jul 17, 2019 2:44 pm
Forum: Personal Investments
Topic: Bond fund versus individual bonds
Replies: 39
Views: 1715

Re: Bond fund versus individual bonds

A mutual fund is nothing more nor less than a vehicle by which to own its underlying holdings. A bond fund owns a collection of bonds, and behaves the same way your portfolio of bonds would if you held the same securities and managed them the same way. To compare a single bond to most bond funds is ...
by Phineas J. Whoopee
Mon Jul 15, 2019 5:18 pm
Forum: Personal Investments
Topic: Was going with AXA a bad move?
Replies: 32
Views: 2021

Re: Was going with AXA a bad move?

My most recent conversations with AXA, several years ago but after I had told them many times to put me on their do not call list, were when I foolishly accepted entering the objection-handling phase, and explained, before asking them again for do not call status, that I do not wish to pay for any o...
by Phineas J. Whoopee
Thu Jul 11, 2019 1:16 pm
Forum: Personal Consumer Issues
Topic: Avoid MD-88s [commercial aircraft]?
Replies: 61
Views: 3149

Re: Avoid MD-88s [commercial aircraft]?

I don't particularly like the DC-9 and its later variants, but I've never felt unsafe on one, and I used to travel in them a lot. Even the DC-10 doesn't scare me, despite its troubled history, including the fact that Flight 191's crew thoroughly followed written procedures, which it turns out ensur...
by Phineas J. Whoopee
Thu Jul 11, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Avoid MD-88s [commercial aircraft]?
Replies: 61
Views: 3149

Re: Avoid MD-88s [commercial aircraft]?

I don't particularly like the DC-9 and its later variants, but I've never felt unsafe on one, and I used to travel in them a lot. Even the DC-10 doesn't scare me, despite its troubled history, including the fact that Flight 191's crew thoroughly followed written procedures, which it turns out ensure...
by Phineas J. Whoopee
Wed Jul 10, 2019 7:07 pm
Forum: Personal Investments
Topic: VOO vs bonds
Replies: 62
Views: 2981

Re: VOO vs bonds

2) " Individual bonds only make sense if you hold them 'til maturity ". When asked why: "Because you run the risk of selling at a discount when you need to sell". Do you agree with this statement? Not sure I fully understand all the implications. Except for Treasury bonds, the spreads for individua...
by Phineas J. Whoopee
Wed Jul 10, 2019 5:54 pm
Forum: Personal Investments
Topic: Performance differentiations (VTSAX vs. VWNAX)
Replies: 12
Views: 756

Re: Performance differentiations (VTSAX vs. VWNAX)

But if your share price goes back up to $100 you now have $105.26 with the reinvested dividend. So yes, reinvesting the dividends gives you the opportunity for more growth/wealth . The effect would be exactly the same as if the non-dividend share proportionally increased in price. Dividends, barrin...
by Phineas J. Whoopee
Wed Jul 10, 2019 4:48 pm
Forum: Personal Investments
Topic: Performance differentiations (VTSAX vs. VWNAX)
Replies: 12
Views: 756

Re: Performance differentiations (VTSAX vs. VWNAX)

... That doesn't make sense to me. Here's how I'm thinking about it: Fund A - $ 100 -> $0 dividend Fund B - $100 -> 5$ dividend -> Fund B now == $95. Reinvest the $5 dividend into Fund B, and I now own 1.05 shares (5 / 95), whereas I still only have 1 share of Fund A. Is this logic incorrect? Yes, ...
by Phineas J. Whoopee
Wed Jul 10, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 4590

Re: Retiring Early Correlates with Greater Longevity ?

Greater wealth correlates with greater longevity.
PJW
by Phineas J. Whoopee
Wed Jul 10, 2019 3:11 pm
Forum: Personal Investments
Topic: Is VTSAX and VTIAX diversified enough to mitigate the tilt towards Large Cap and Tech sector?
Replies: 6
Views: 468

Re: Is VTSAX and VTIAX diversified enough to mitigate the tilt towards Large Cap and Tech sector?

What tilt?

Tilts are relative to the total market. If you're in the total market you're not tilted.

You may or may not like the composition of the total market, but deviating from it is tilting. Sticking with it is not. Your portfolio, your choice.

PJW
by Phineas J. Whoopee
Wed Jul 10, 2019 3:07 pm
Forum: Non-US Investing
Topic: Two portfolios - income and long term growth
Replies: 10
Views: 1168

Re: Two portfolios - income and long term growth

In equity funds dividends come directly out of share prices. They do not increase your wealth.
PJW
by Phineas J. Whoopee
Wed Jul 10, 2019 2:56 pm
Forum: Investing - Theory, News & General
Topic: EE bond doubling question
Replies: 15
Views: 1130

Re: EE bond doubling question

The Treasury calculates savings bond returns as if they were a collection of the lowest-denomination bonds available at purchase. $500 is calculated as if it were twenty $25 savings bonds, round-off error and all.
PJW
by Phineas J. Whoopee
Wed Jul 10, 2019 2:35 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 5
Views: 411

Re: Is there sth like [SIPC] law in LSE?

If you have an account with a US-based [SIPC]-insured broker than all your holdings are insured no matter what exchange they are bought at. (At least this is what I was told by IB when I enquired shortly after opening an account with them many years ago.) [Acronym corrected by moderator oldcomputer...
by Phineas J. Whoopee
Mon Jul 08, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Land in FEMA Flood Plain
Replies: 23
Views: 1624

Re: Land in FEMA Flood Plain

One of my requirements, when I bought my dwelling, was that it be outside any flood zone. Some years later a rare and also severe hurricane hit, there was lots of damage, and there were dozens of deaths. Now I'm officially inside a flood zone. At least today there's a designated shelter for me to re...
by Phineas J. Whoopee
Mon Jul 08, 2019 5:57 pm
Forum: Personal Investments
Topic: How to sell bond at Vanguard?
Replies: 8
Views: 701

Re: How to sell bond at Vanguard?

You say settlement date is 7/5/19. That sounds as if you already sold it. Why didn’t you sell it at Treasurydirect? Gill Several years ago Treasury Direct withdrew its sell-before-maturity functionality for marketable securities. One would have to transfer the bond out, then sell it at the receivin...
by Phineas J. Whoopee
Sun Jul 07, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: Was the great bond bull market just plain bull?
Replies: 47
Views: 5151

Re: Was the great bond bull market just plain bull?

It has never been clear to me how there can be a forty year bull market in securities that mature within thirty years. PJW The rate at which the average yield of long term treasuries is declining is independent of the bond duration, which might run counter to many instincts & intuitions. For exampl...
by Phineas J. Whoopee
Sun Jul 07, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: Was the great bond bull market just plain bull?
Replies: 47
Views: 5151

Re: Was the great bond bull market just plain bull?

It has never been clear to me how there can be a forty year bull market in securities that mature within thirty years.
PJW
by Phineas J. Whoopee
Sat Jul 06, 2019 4:22 pm
Forum: Personal Investments
Topic: If I want to time the market
Replies: 59
Views: 2475

Re: If I want to time the market

Let me put it more clear. I feel uncomfortable at this market level and I want to take some money off the table. I have achieved my goal of financial Independence. I am more interested in preserving gains than making more gains (at this market level). So if the market does not crash, I'm fine. I ju...
by Phineas J. Whoopee
Wed Jul 03, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6091

Re: Adult son has not controlled credit card overuse!

However, before he can change, he must WANT to make the change. He may need to hit bottom before he's ready to actually change his behavior. This is the key. As Ramsey would say , one has to get to the place where they are sick-and-tired of being sick-and-tired. To give credit where it's due that w...
by Phineas J. Whoopee
Sun Jun 30, 2019 10:39 pm
Forum: Investing - Theory, News & General
Topic: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?
Replies: 25
Views: 2066

Re: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?

Maybe I am thinking too simple and this explanation might be too stupid, but I'll say it anyway :-). FED added trillions of dollars to the circulation in 2008 crises right? Did they pull all of that money? I don't know. If not, that money has to go somewhere, and ever increasing stock market is a n...
by Phineas J. Whoopee
Sun Jun 30, 2019 9:55 pm
Forum: Investing - Theory, News & General
Topic: Calculating VTSAX(or total stock) return without dividends reinvested
Replies: 13
Views: 929

Re: Calculating VTSAX(or total stock) return without dividends reinvested

You can calculate without reinvested dividends, but any calculation which ignores that there were dividends will be misleading. It isn't as if dividends which weren't reinvested didn't exist. PJW Right, that is the difference I first missed between IRR which is based on income stream and just follo...
by Phineas J. Whoopee
Sun Jun 30, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Calculating VTSAX(or total stock) return without dividends reinvested
Replies: 13
Views: 929

Re: Calculating VTSAX(or total stock) return without dividends reinvested

You can calculate without reinvested dividends, but any calculation which ignores that there were dividends will be misleading. It isn't as if dividends which weren't reinvested didn't exist.
PJW
by Phineas J. Whoopee
Sun Jun 30, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: Is anyone else worried about tech becoming too big/overvalued?
Replies: 54
Views: 4212

Re: Is anyone else worried about tech becoming too big/overvalued?

How will you know if something is overvalued? There is no central stock pricing authority. Disagreement over appropriate prices for assets is part and parcel of how capital markets work.
PJW
by Phineas J. Whoopee
Sun Jun 30, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: Is anyone else worried about tech becoming too big/overvalued?
Replies: 54
Views: 4212

Re: Is anyone else worried about tech becoming too big/overvalued?

boglerdude wrote:
Sat Jun 29, 2019 10:11 pm
Maybe more importantly, are buybacks making PEs look better?
Only to the large institutions that dominate trading which didn't notice the number of shares outstanding decreased.

PJW
by Phineas J. Whoopee
Sun Jun 30, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?
Replies: 25
Views: 2066

Re: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?

If the banks weren't getting paid IOER, could they go out and buy bonds with all that QE money? The answer doesn't depend at all on interest on excess reserves , IOER. They can transact reserves with the Fed. If it wants to drain liquidity, the Fed will offer to sell, and any bank (that has excess ...
by Phineas J. Whoopee
Sun Jun 30, 2019 8:04 pm
Forum: Personal Investments
Topic: Newbie question: is Index Fund something that you don't "contribute?"
Replies: 14
Views: 1322

Re: Newbie question: is Index Fund something that you don't "contribute?"

Thank you all, I am learning things bit by bit, reading blogs and posts and this forum; a lot of helpful info here, so much appreciated. I just kick myself for not starting earlier : :oops: ... I know it's a figure of speech, but if you could go back in time and kick your younger self and get them ...
by Phineas J. Whoopee
Sat Jun 29, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Random Walk down Wall Street - Bonds
Replies: 6
Views: 876

Re: Random Walk down Wall Street - Bonds

If you wish to reduce the range of likely outcomes of your portfolio, one type of high-quality fairly mild fixed income will work about as well as another. Intermediate-term investment-grade bonds have done a reasonable job at diversification in the past, but we don't know the future. Equities might...
by Phineas J. Whoopee
Sat Jun 29, 2019 5:55 pm
Forum: Personal Investments
Topic: Hi I'm planning to start investing for my retirement
Replies: 10
Views: 1271

Re: Hi I'm planning to start investing for my retirement

Im drey a 25 years old college student and planning to start investing. How, What and where can i start? i have 6k in my saving account As a college student I would have felt $6,000 was an enormous amount of money. That said, expenses come up. I'd suggest focusing on finishing your degree, and keep...
by Phineas J. Whoopee
Sat Jun 29, 2019 4:27 pm
Forum: Personal Investments
Topic: Newbie question: is Index Fund something that you don't "contribute?"
Replies: 14
Views: 1322

Re: Newbie question: is Index Fund something that you don't "contribute?"

If you're at Fidelity, invest in Fidelity index funds. FZROX is a Fidelity Total Market Index Fund. I would suggest doing some reading before investing. See the "Getting Started" section of the Wiki. https://www.bogleheads.org/wiki/Getting_started If I may, Fidelity's 11-month-old Zero Total Market...
by Phineas J. Whoopee
Sat Jun 29, 2019 4:18 pm
Forum: Personal Investments
Topic: Newbie question: is Index Fund something that you don't "contribute?"
Replies: 14
Views: 1322

Re: Newbie question: is Index Fund something that you don't "contribute?"

Fidelity's Total Market Index Fund , FSKAX, expense ratio 0.015%, for all intents and purposes is just as good as Vanguard's Total Stock Market Index Fund , VTSAX, expense ratio 0.04%. Such a tiny difference in ERs probably will have no material effect. If you want to move the funds to Vanguard and ...
by Phineas J. Whoopee
Sat Jun 29, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of investor assets question when clearing house changes
Replies: 2
Views: 215

Re: Safety of investor assets question when clearing house changes

I have sizable assets with Trading Direct (a division of York Securities). All accounts at Trading Direct have been custodied with Pershing, LLC. Pershing is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Now they are replacing Pershing with Axos Clearing (a subsidiary of Axo...
by Phineas J. Whoopee
Sat Jun 29, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?
Replies: 25
Views: 2066

Re: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?

Maybe I am thinking too simple and this explanation might be too stupid, but I'll say it anyway :-). FED added trillions of dollars to the circulation in 2008 crises right? Did they pull all of that money? I don't know. If not, that money has to go somewhere, and ever increasing stock market is a n...
by Phineas J. Whoopee
Wed Jun 26, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Trading Costs Erode Factor Returns
Replies: 43
Views: 3929

Re: Larry Swedroe: How Trading Costs Erode Factor Returns

Oh man, Rick and Larry. Didn't you both explicitly leave the forum some time ago precisely to stop having these continuous arguments always about the same things? Express yourself completely, then keep quiet. Be like the forces of nature: when it blows, there is only wind; when it rains, there is on...
by Phineas J. Whoopee
Tue Jun 25, 2019 7:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Trading Costs Erode Factor Returns
Replies: 43
Views: 3929

Re: Larry Swedroe: How Trading Costs Erode Factor Returns

Pardon me for saying so, but trading costs erode all returns. What do factors have to do with the subject?
PJW
by Phineas J. Whoopee
Tue Jun 25, 2019 7:18 pm
Forum: Personal Investments
Topic: Why does AA matter as long as I stick to it?
Replies: 26
Views: 2596

Re: Why does AA matter as long as I stick to it?

It does matter because it's the most important driver of return. Contrary to popular assertions it isn't simply a matter of psychology. Portfolio risk exists, whether or not one has an iron stomach.
PJW