Search found 8591 matches

by Phineas J. Whoopee
Thu Nov 14, 2019 8:21 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 85
Views: 4170

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I was responding to the point about the law , not anything else. I should hope my underlining of the specific claim was adequate to communicate that, but evidently it wasn't. Any suggestions about how I should express such a response to some poster's specific point in the future to avoid giving any...
by Phineas J. Whoopee
Thu Nov 14, 2019 4:51 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 85
Views: 4170

Re: (Sigh) "Wasting" year-old smoke detector batteries...

... No law says you have to dutifully replace them every year. ... Former New Jersey governor Jon Corzine, later CEO of MF Global , thought the laws didn't apply to him. Then he found out the laws of physics most certainly do apply to him . Who wants to be the deceased family about whom the fire de...
by Phineas J. Whoopee
Thu Nov 14, 2019 12:54 pm
Forum: Personal Investments
Topic: market crash
Replies: 8
Views: 791

Re: market crash

Should a crash in some market or other relevant to me knock my asset allocation out of whack by more than five percent either direction I would rebalance, as is my policy.

I wish everybody a portfolio they can keep in whack.

PJW
by Phineas J. Whoopee
Thu Nov 14, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 85
Views: 4170

Re: (Sigh) "Wasting" year-old smoke detector batteries...

... No law says you have to dutifully replace them every year. ... Former New Jersey governor Jon Corzine, later CEO of MF Global , thought the laws didn't apply to him. Then he found out the laws of physics most certainly do apply to him . Who wants to be the deceased family about whom the fire de...
by Phineas J. Whoopee
Wed Nov 13, 2019 9:49 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 22902

Re: Rich people are hoarding cash

RAchip wrote:
Wed Nov 13, 2019 9:37 pm
...
My question is: dont most rich people always keep a relatively large amount of cash?
How can anybody possibly give an accurate answer to your question? It's so thoroughly hedged as as to not admit of an answer.

PJW
by Phineas J. Whoopee
Wed Nov 13, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Undergrad major psychology
Replies: 9
Views: 670

Re: Undergrad major psychology

What are the young girl's interests?
PJW
by Phineas J. Whoopee
Wed Nov 13, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 85
Views: 4170

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Can you use the still-working batteries in a less life-critical device? If not, is there any small local organization you can donate them to for that purpose?
PJW
by Phineas J. Whoopee
Wed Nov 13, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

I ended up paying my attorney less than 1% of the agreed price. Add in a licensed, bonded property inspector, who worked for me and not anybody else, and it was just about one percent total. PJW Wait you paid your attorney a % based on sale price? Why? Did he do anything agent related? I’ve never s...
by Phineas J. Whoopee
Sat Nov 09, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

I should add, my agreement with my employer included that I manage my own schedule. Being granted accountability, I say granted because I requested it, is what enabled that. One time a manager told us all to go home early because we work to live, not live to work. He was very touchy about not being ...
by Phineas J. Whoopee
Sat Nov 09, 2019 3:34 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2777

Re: Nominal or inflation-protected bonds?

... If housing, healthcare, and tuition have outpaced inflation, and are included in the CPI, are those increases averaged out by cheaper electronics, food, energy, etc? ... Here's the basket of goods and services with weightings. You can read it for yourself. No individual should expect to buy exa...
by Phineas J. Whoopee
Sat Nov 09, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

What most people call a buyer's agent is really a subcontractor of the seller's agent. They have a fiduciary duty, but it is not to you. The person is an agent, but is not your agent. There exist buyer's agents who are your agent. You can tell somebody is one because you have to pay them yourself. I...
by Phineas J. Whoopee
Sat Nov 09, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

Managing a global team left me no option other than working odd hours. Business travel left me no option either. Regardless of what I was on the road for I still had to manage the global team from whichever time zone I happened to be in. I asked for accountability, > responsibility, for the team's o...
by Phineas J. Whoopee
Fri Nov 08, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: First time in Sydney, Australia
Replies: 12
Views: 699

Re: First time in Sydney, Australia

With respect to the Sydney Opera House, which truly is world-class, I forsook the tour and attended an opera. It was comic and English-language. Being fluent in Italian is not necessarily a prerequisite.

How can I possibly go to the Sydney Opera House and not attend an opera?

PJW
by Phineas J. Whoopee
Fri Nov 08, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: Justifying Non World Market Cap
Replies: 38
Views: 2329

Re: Justifying Non World Market Cap

I've posted this information before so it isn't a new revelation, but it was quite a while ago. In equities I'm 60% US and 40% international, total stock index funds in each case. I mix my own portfolio, without relying on some company to do it for me. Eventually that may stop being practical, but i...
by Phineas J. Whoopee
Fri Nov 08, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Default
Replies: 13
Views: 1234

Re: Long Term Care Insurance Default

State guarantee associations are not backed by state governments, despite their names. To be licensed to sell insurance in any state, and insurance is a state-regulated industry, the company has to agree to participate in the guarantee association. If one insurer in a large market fails the others s...
by Phineas J. Whoopee
Fri Nov 08, 2019 7:01 pm
Forum: Investing - Theory, News & General
Topic: Why is VBTLX dropping?
Replies: 16
Views: 3379

Re: Why is VBTLX dropping?

A mathematically equivalent question is why did bond yields rise this week . I don't pretend to know the answer. Talk about interest rates is a red herring. Yields of already-issued bonds are determined in an ongoing, continuous auction among investors and financial services companies. No central au...
by Phineas J. Whoopee
Fri Nov 08, 2019 6:51 pm
Forum: Personal Investments
Topic: Is there any vanguard fund similar to Target Retirement NOT so intl heavy??
Replies: 15
Views: 1402

Re: Is there any vanguard fund similar to Target Retirement NOT so intl heavy??

Vanguard Balanced Index. To expand on the thought, Vanguard's Balanced Index Fund , VBIAX, has no international component at all. If you don't want any, it could be an adequate choice. Unlike the target retirement funds it has no glide path, however. It stays 60% stock, 40% bonds. It's possible tha...
by Phineas J. Whoopee
Fri Nov 08, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: Philadelphia Inquirer reports--Vanguard cut fees, this time on 15 S&P and Russell index-based ETFs
Replies: 13
Views: 1845

Re: Philadelphia Inquirer reports--Vanguard cut fees, this time on 15 S&P and Russell index-based ETFs

With due respect to the Philadelphia Inquirer, which seems to conflate expense ratios with commissions, Vanguard does not cut ERs. It reports after the fact the ratio of what it spent to how much it managed. All they did was become more efficient at minimizing cost per dollar amount of fund. Sometim...
by Phineas J. Whoopee
Fri Nov 08, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: US Bonds in free fall
Replies: 46
Views: 4664

Re: US Bonds in free fall

We have been in a bond bull market for well over 30 years. People have been born, grown up, graduated from college...and started to get gray hair...all during this bull market. It's like the air we breath. ... How can there be a bull market for over thirty years in securities that mature in no more...
by Phineas J. Whoopee
Thu Nov 07, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: 72t withdrawals and new contributions
Replies: 15
Views: 857

Re: 72t withdrawals and new contributions

You're welcome. I should have pointed out, not as a recommendation but as an option if it's needed, a second Traditional IRA (which includes Rollover IRAs) can be drawn from early if necessary, but any such distributions are subject to the excise tax, regardless of what's going on with the IRA the S...
by Phineas J. Whoopee
Thu Nov 07, 2019 5:24 pm
Forum: Investing - Theory, News & General
Topic: US Bonds in free fall
Replies: 46
Views: 4664

Re: US Bonds in free fall

Despite what one might intuitively conclude, expected return is not the return one should expect. It's an imprecise and relative expression about an unlimited period of time. Regardless of expected return, a higher-expected return investment could return less than a lower-expected return one over an...
by Phineas J. Whoopee
Thu Nov 07, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: 72t withdrawals and new contributions
Replies: 15
Views: 857

Re: 72t withdrawals and new contributions

marcopolo is correct. Contributing to an IRA on which you have established an SEPP plan , under rule 72(t), busts the plan (that's the expression), and subjects you to back taxes, interest, and penalties to the extent you did not pay the otherwise-required 10% excise tax on early withdrawals. After ...
by Phineas J. Whoopee
Thu Nov 07, 2019 4:28 pm
Forum: Personal Investments
Topic: How to maximize sitting cash [short term]?
Replies: 8
Views: 747

Re: How to maximize sitting cash [short term]?

Silk McCue wrote:
Thu Nov 07, 2019 12:55 pm
...
Money market funds aren't guaranteed but if they break the buck we will all have bigger issues to deal with.
...
Silk McCue is correct, but in the years since last decade's financial crisis their risks have been taken further into account via new regulations.

PJW
by Phineas J. Whoopee
Thu Nov 07, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2358

Re: Question on refilling prescriptions

On a more general note, it's worth asking a pharmacy if their price for the medication, ignoring insurance, is less than the copay or coinsurance. Many are contractually blocked (by the wholesalers on which they depend) from volunteering the information, but are in the clear if they truthfully respo...
by Phineas J. Whoopee
Thu Nov 07, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: US Bonds in free fall
Replies: 46
Views: 4664

Re: US Bonds in free fall

Accelerating at 9.8 meters per second per second? I hardly think a minor upward yield adjustment over one market day is properly described as free fall.
PJW
by Phineas J. Whoopee
Thu Nov 07, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: Bonds for Retirement
Replies: 12
Views: 1450

Re: Bonds for Retirement

My analysis of my own portfolio and life prospects, not something somebody sold me but my analysis for myself, shows the greatest long-term investing risk I face is inflation, but it is not the only risk. Here's my asset allocation, which of course I will revisit periodically but I think it will get...
by Phineas J. Whoopee
Thu Nov 07, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2916

Re: Why ever buy & hold a LT treasury?

DECEPTIVE TITLE. Obviously it is right to buy and hold a 30 year treasury fora long term gain if by long term we mean afew years not 30.I am quite sure a 30 year treasury purchased in Aug 81 would have outperformed stocks through the period ending in Jan 88. Incidentally the person who suggested ma...
by Phineas J. Whoopee
Thu Nov 07, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2916

Re: Why ever buy & hold a LT treasury?

... I see treasury bonds being labeled "risk-free" all over the place, I remember being taught this in economics, is there a formal definition somewhere that has the exact time frame when you can no longer call it that? I would also argue is a bad label anyway that is incorrect however its used. I ...
by Phineas J. Whoopee
Thu Nov 07, 2019 2:48 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2916

Re: Why ever buy & hold a LT treasury?

... But considering both are backed by the full faith and credit of the federal government, isn't the default risk is the same ? Obviously longer periods have greater risk from things like inflation, but I always shorthanded "risk free" to mean default risk , not risk from other factors that could ...
by Phineas J. Whoopee
Wed Nov 06, 2019 9:28 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2916

Re: Why ever buy & hold a LT treasury?

... But considering both are backed by the full faith and credit of the federal government, isn't the default risk is the same ? Obviously longer periods have greater risk from things like inflation, but I always shorthanded "risk free" to mean default risk , not risk from other factors that could ...
by Phineas J. Whoopee
Wed Nov 06, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: Why shouldn't I buy a Dow Jones index fund instead of TSM or the S&P?
Replies: 20
Views: 1286

Re: Why shouldn't I buy a Dow Jones index fund instead of TSM or the S&P?

An you harm none, do as you will. The Dow Jones Industrial Average, DJIA, Dow 30, and Dow is not an acronym, is based on the individual share prices of thirty companies, not all of which today, over a century past inception, are arguably industrial. It was an attempt at a market timing signal betwee...
by Phineas J. Whoopee
Wed Nov 06, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Can you ever find decent flight deals during peak seasons (Christmas, Spring Break, etc.)?
Replies: 10
Views: 910

Re: Can you ever find decent flight deals during peak seasons (Christmas, Spring Break, etc.)?

The context was sad and I won't detail it, but during peak times I found prices lower than I thought would be available on same-day one-way tickets. Presumably the plane will fly anyway, and any revenue at all for thereunto unsold seats will improve the financial situation for the airline.
PJW
by Phineas J. Whoopee
Wed Nov 06, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2916

Re: Why ever buy & hold a LT treasury?

OP's question seems to rest on an objective of maximizing return over decades. That's one objective, but not the only possible. I observe it's a common unstated assumption around here. There are other legitimate objectives. My personal investing mission statement, which took ever so long to formulat...
by Phineas J. Whoopee
Wed Nov 06, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4087

Re: Your Fantasy Kitchen (Cookware-wise)

I own a small number of several brands. In practice, for me, my All-Clad one- two- and three-quart saute pans are the most useful. They call their one-quart saute pan a saucepan, but it's the same shape as saute pans. Stainless steel isn't so great for cooking eggs with minimal cleanup, so I use a h...
by Phineas J. Whoopee
Tue Nov 05, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 2438

Re: Bonds are confusing

... I understand that. What I don't get is why VBMFX/VBTLX holds 1-30 year bonds, while some intermediate bond funds like VBILX/BIV hold 5-10 year bonds. It's one of the ways in which Vanguard's Total Bond Market Index Fund , VBTLX, is total. It covers the whole of the yield curve. If you don't wan...
by Phineas J. Whoopee
Mon Nov 04, 2019 7:00 am
Forum: Investing - Theory, News & General
Topic: Beating the market using the benchmark that works for you
Replies: 8
Views: 701

Re: Beating the market using the benchmark that works for you

I can do that with 100% reliability, if I get to choose the benchmark which works for me after the fact and put it in my annual report.

Putting it in the statutory prospectus in advance would expose me to underperformance risk.

PJW
by Phineas J. Whoopee
Mon Nov 04, 2019 6:42 am
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9150

Re: How much money is really needed in retirement?

Said pros mostly live paycheck to paycheck and on new debt. They assume you do too.
PJW
by Phineas J. Whoopee
Sat Nov 02, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: When someone says “X is a $120 million dollar company” what does that mean?
Replies: 20
Views: 2279

Re: When someone says “X is a $120 million dollar company” what does that mean?

The great thing about is "X is a $120 million dollar company" is a $Y company has no strict accounting definition. People can project their own hopes and fears onto it. It is, I think, a good idea to question anybody who makes such a statement. They may not themselves know what they mean by their wo...
by Phineas J. Whoopee
Thu Oct 31, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: New ETFs - How long to wait?
Replies: 8
Views: 828

Re: New ETFs - How long to wait?

Now we're arguing about the definition of the term buy and hold, and whether the concept any longer exists.
PJW
by Phineas J. Whoopee
Thu Oct 31, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why SHOULDN’T I open an SAT/ACT prep center?
Replies: 29
Views: 3663

Re: Why SHOULDN’T I open an SAT/ACT prep center?

How old are you? You don't have to give us a number. My point is most such instructors are fairly young, probably in their twenties. How many high school students are likely to trust somebody in their forties, for example, to help them with college test prep? You asked about risks. I think that is o...
by Phineas J. Whoopee
Thu Oct 31, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4123

Re: California Fires: Landlord/Tenant Question

What do state and local law say? What does state and local case law say? What does the lease say? Taken sort of in general there's no way to answer OP's question. I agree a consultation, which may be free as a first contact, or may be provided by a disaster relief organization, with a local attorney...
by Phineas J. Whoopee
Thu Oct 31, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: New ETFs - How long to wait?
Replies: 8
Views: 828

Re: New ETFs - How long to wait?

That's all assuming it's a buy and hold position. If I were buying a short-term bond fund to use as a cash position, I'd want an established fund with a $0.01 spread, because I'd be expecting frequent small transactions. (I actually prefer short-term bond funds for that reason.) Good point. But in ...
by Phineas J. Whoopee
Thu Oct 31, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Budget tracking with CC "float"
Replies: 19
Views: 962

Re: Budget tracking with CC "float"

For budget tracking, OP's question, I count expenditures when I make them, which includes use of credit cards. My tracking software, the now-discontinued but freely-available MS Money , subtracts the liabilities from my assets for its overall number. For cash flow purposes I count money flowing out ...
by Phineas J. Whoopee
Wed Oct 30, 2019 5:03 pm
Forum: Personal Investments
Topic: Emergency fund part of Asset Allocation?
Replies: 20
Views: 1312

Re: Emergency fund part of Asset Allocation?

Counting it in asset allocation or otherwise cannot change the basic underlying fact that you own the entirety of what you own. With three years until retirement, two and a half years worth of expenses in cash or equivalents, and a plan to use the money early in retirement should the value of your o...
by Phineas J. Whoopee
Tue Oct 29, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: CapOne CD Rates HIGHER for 1 year VS. 5 year
Replies: 13
Views: 1266

Re: CapOne CD Rates HIGHER for 1 year VS. 5 year

CD rates reflect the financial needs of the institution offering them. CapOne may, for reasons having to do with its unique business situation, need more short term money than long term money. The different profiles of the loan portfolios of various banks and credit unions are what make their CD ra...
by Phineas J. Whoopee
Tue Oct 29, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Individual bonds with big gains
Replies: 14
Views: 1178

Re: Individual bonds with big gains

... I agree with Iridium that the market value gain on an individual bond doesn't disappear as the bond approaches maturity . If interest rates fall (as they have for OP), then the current market value gain on the bond will be reflected in "higher than market" interest payments over the remaining b...
by Phineas J. Whoopee
Tue Oct 29, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Anyone have an issue with Corelle plates?
Replies: 38
Views: 3593

Re: Anyone have an issue with Corelle plates?

I bought a Corelle four-setting package in the mid 1980s. All the pieces that didn't break are still useful. They've only broken when I've knocked one over onto a very hard floor surface. I agree with upthread posters, when they break Oh, Man! do they break. In the thirty five years since the purcha...
by Phineas J. Whoopee
Tue Oct 29, 2019 11:52 am
Forum: Investing - Theory, News & General
Topic: Individual bonds with big gains
Replies: 14
Views: 1178

Re: Individual bonds with big gains

... I agree with Iridium that the market value gain on an individual bond doesn't disappear as the bond approaches maturity . If interest rates fall (as they have for OP), then the current market value gain on the bond will be reflected in "higher than market" interest payments over the remaining b...
by Phineas J. Whoopee
Sun Oct 27, 2019 12:42 pm
Forum: Non-US Investing
Topic: Vanguard FTSE Global All Cap tracking error
Replies: 8
Views: 860

Re: Vanguard FTSE Global All Cap tracking error

I don't have specific investing knowledge about the UK, but in the US Fair Value Pricing comes into play in international funds.
PJW