Search found 6981 matches

by Phineas J. Whoopee
Mon May 21, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard anti-competitive?
Replies: 29
Views: 2949

Re: Is Vanguard anti-competitive?

New investor here. When you say that Vanguard is returning returns to the shareholders (i.e. its funds i.e. its fund holders) in the form of lower costs, does it not mean that it is avoiding paying corporate taxes on what would otherwise be treated as earnings? Is that not anti-competitive? Some of...
by Phineas J. Whoopee
Mon May 21, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard's Tax Managed Balanced Fund (VTMFX) truly passive/Index??
Replies: 16
Views: 1187

Re: Is Vanguard's Tax Managed Balanced Fund (VTMFX) truly passive/Index??

I don't understand the reason for the the hair-spitting here. Certainly the s&p 500 is by no means passive, yet an index based on it can be considered passively managed , so... where does that leave you? It's almost like people are wondering if a fund is "pure" enough to receive some sort of Bogleh...
by Phineas J. Whoopee
Sat May 19, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Hot food flavoring (sauces, spices and peppers)
Replies: 51
Views: 2787

Re: Hot food flavoring (sauces, spices and peppers)

If I want some heat in soupy/stewy sorts of things, as long as they're going to simmer at least an hour I like to float one or more scrubbed but not chopped serrano peppers. They steep out their flavors like tea does. Using this method they should be removed before eating. Because not every fruit is...
by Phineas J. Whoopee
Sun May 06, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7905

Re: What career for smartest kid in the class?

Seems like "smart" is too narrow a characteristic to be deterministic. I was the smartest kind in the class by some measures, but also way too lazy to have gone through med school, too anti-authoritarian to do most business jobs, etc. And that's not even discussing the wide variety of skill sets, t...
by Phineas J. Whoopee
Sun May 06, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7905

Re: What career for smartest kid in the class?

If I were the smartest in the class, and I probably was until my family moved to a better school district, I would consider both intellectually and emotionally what I wanted to achieve, and create a path.

As things worked out what I wanted to achieve changed over time. I accomplished most of it.

PJW
by Phineas J. Whoopee
Wed May 02, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Not Wasting Food
Replies: 60
Views: 3517

Re: Not Wasting Food

Never, having thawed food you bought on sale then froze to keep your overall costs lower than they would have been if you didn't buy on sale, find yourself feeling too ill to cook.
PJW
by Phineas J. Whoopee
Wed May 02, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Value tilted S&P 500 fund for dividend?
Replies: 45
Views: 2129

Re: Value tilted S&P 500 fund for dividend?

patrick13, what is an optimum dividend index? And when you've explained that, how can one reliably find them in advance, rather than after the fact?
PJW
by Phineas J. Whoopee
Wed May 02, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Value tilted S&P 500 fund for dividend?
Replies: 45
Views: 2129

Re: Value tilted S&P 500 fund for dividend?

I'm afraid, ChinchillaWhiplash, that stock dividends do not increase your wealth. After the corporation distributes a dividend investors won't pay as much for its shares. Their market value goes down by the amount of the dividend. The same happens with stock funds, whose values are based on their un...
by Phineas J. Whoopee
Tue May 01, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Isn't it expensive for a company to pay dividends? Not the dividend itself, but the mechanics.
Replies: 11
Views: 915

Re: Isn't it expensive for a company to pay dividends? Not the dividend itself, but the mechanics.

... Yes, good points. By "large" I meant large enough that the costs might be negligible, e.g. a company large enough or valuable enough to go public in the first place. But I didn't think about companies which borrow to pay dividends. Surely no company starts out declaring their first dividend, in...
by Phineas J. Whoopee
Mon Apr 30, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: 3 days in London - must dos?
Replies: 31
Views: 1882

Re: 3 days in London - must dos?

I suggest visiting the ruins of St. Dunstan-in-the-East , a London church built originally around 1100, restored, modified, and rebuilt, then destroyed in World War Two. It's preserved as a memorial. I suggest spending at least a few minutes sitting on a bench in what used to be the pew area. Never ...
by Phineas J. Whoopee
Fri Apr 27, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Regarding Index Funds
Replies: 29
Views: 2739

Re: Regarding Index Funds

I completely agree that selling one beaten-down asset to buy another similarly beaten-down asset does not cause any sort of a problem. PJW Would it become a problem if an investor continually did something like this - that is, buy one fund, lose a little, sell at a loss and go with another similar ...
by Phineas J. Whoopee
Fri Apr 27, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Regarding Index Funds
Replies: 29
Views: 2739

Re: Regarding Index Funds

Stocks do not have principal. Principal is money somebody owes somebody else. With stocks nobody owes you nothing. You may be thinking of your original investment, but to think of stocks as if they are a certificate of deposit, which does have principal, is a serious error. I completely agree that s...
by Phineas J. Whoopee
Thu Apr 26, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 4661

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

... Blindly putting money into index funds would make the market rise instead of fall, I reckon? Yes, in precisely the same way that selectively investing the same amount in the stock market would make it rise instead of fall. IlliniDave got it right upthread. All these arguments by salespeople who...
by Phineas J. Whoopee
Wed Apr 25, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5276

Re: [Vanguard account locked out due to deceased owner]

... Sorry --- I was referring to Inbox788 's comment about needing separate lists for bill pay. Why can't spouses use a joint checking account and have either of them "pay bills" without creating two separate bill pay "lists"? "inbox788 wrote: ↑Wed Apr 25, 2018 7:46 pm I've frequently done this whe...
by Phineas J. Whoopee
Wed Apr 25, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5276

Re: [Vanguard account locked out due to deceased owner]

... Certainly retirement accounts are "individual" accounts. But regular taxable accounts, at least in every state I've ever lived in , can be "joint". EACH party has the right to access the information; each can withdraw money at the bank; each can write checks (which have both names on them, but ...
by Phineas J. Whoopee
Wed Apr 25, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 19
Views: 2117

Re: Rising Interest and bond funds

The overall expected return of a bond ladder would be exactly the same as an index fund which is a collection of bond ladders. With the ladder, you have no principal risk but you are locked into the lower yield of the original bond. With the index fund, you have principal risk but the yield rises a...
by Phineas J. Whoopee
Wed Apr 25, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5276

Re: [Vanguard account locked out due to deceased owner]

... I thought the joint account would retain the access to the survivor with regard to financial accounts as well as safe deposit boxes. Are you saying in some states this status changes when a party dies? I'm talking about joint ownership where either party has 100% rights to the account when both...
by Phineas J. Whoopee
Wed Apr 25, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5276

Re: [Vanguard account locked out due to deceased owner]

... Also, one of the ways people access deceased person's accounts is password sharing. Password sharing can void the fraud reimbursement guarantee of mutual fund and brokerage firms that have a guarantee. Thanks for the good additional thought. That's true even without anybody dying. It's always b...
by Phineas J. Whoopee
Wed Apr 25, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security computing question
Replies: 12
Views: 1207

Re: Social Security computing question

Most future benefits calculations assume you will continue earning the same amount as you did the year before last until your claiming date. It seems as if that's not the case for you. After not having employment income, self or otherwise, for long enough, the assumption becomes that you continue to...
by Phineas J. Whoopee
Wed Apr 25, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 1254

Re: 40/60 Balanced Index ?

All the suggested funds are viable options. Some are actively managed, some are funds of index funds. Only you can decide what you're more comfortable with. Any one of the funds beating any of the others, in the 40/60 asset allocation neighborhood, is not predictable, although in the fullness of tim...
by Phineas J. Whoopee
Wed Apr 25, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have 3 different investment horizons when planning for retirement?
Replies: 32
Views: 2538

Re: Do I have 3 different investment horizons when planning for retirement?

Regardless of what makes anybody feel better thinking of it as, one owns the totality of what one owns. Cash for three years, bonds for five more years, and a, say, 70/30 portfolio for beyond eight years is still the total portfolio. Thinking of parts as if they are different does not change the tot...
by Phineas J. Whoopee
Wed Apr 25, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 19
Views: 2117

Re: Rising Interest and bond funds

In the spirit of not biting recent joiners, said article is here: Rolling ladders versus bond funds.
PJW
by Phineas J. Whoopee
Wed Apr 25, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5276

Re: [Vanguard account locked out due to deceased owner]

Thesaints wrote:
Wed Apr 25, 2018 4:46 pm
Yeah! Always follow the Law; do not rush it.
Pretending to be a person you know has died to access their financial accounts is always fraud, rushed or otherwise, whether or not anybody else knows yet.

PJW
by Phineas J. Whoopee
Wed Apr 25, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5276

Re: [Vanguard account locked out due to deceased owner]

Access to a safe deposit box after the renter's death is regulated by state law. One person's experience may not match another's in a different state. There may be states where one of a pair of joint holders can access the box after the other dies, and some where they can't. I do not know the law in...
by Phineas J. Whoopee
Mon Apr 23, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Bond prices and "expected" interest rate changes
Replies: 12
Views: 1246

Re: Bond prices and "expected" interest rate changes

And although the secondary bond market is structured as price-maker / price-taker, the existence of multiple dealers each managing their own inventory of Treasuries causes the secondary-market outcome to be little different than if it were a continuous, ongoing auction like that for listed stocks.
PJW
by Phineas J. Whoopee
Mon Apr 23, 2018 5:30 pm
Forum: Investing - Theory, News & General
Topic: Bond prices and "expected" interest rate changes
Replies: 12
Views: 1246

Re: Bond prices and "expected" interest rate changes

Hi OP. The underlying conceptual problem is conflating interest rates with bond yields, which if not otherwise qualified means Yield to Maturity , YTM. It is not your fault. The popular financial press seems to feel their annual bonuses will be bigger if they mislead their readers. Bond yields, Yiel...
by Phineas J. Whoopee
Mon Apr 23, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2036

Re: Buffett tax red herring?

He seems to be comparing Earnings with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

Alternatively, maybe he is referring to individual income tax on dividends, of which his conglomerate Berkshire Hathaway, BRK.A, doesn't distribute any.

PJW
by Phineas J. Whoopee
Mon Apr 23, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: [essay] The Limits of Theory
Replies: 10
Views: 958

Re: [essay] The Limits of Theory

Thesaints wrote:
Mon Apr 23, 2018 3:37 pm
...
All these statements, and many more, are seldom well understood and instead are taken as the Revealed Truth, unfortunately by most BH-eds as well.
This poster does not speak for me.

PJW
by Phineas J. Whoopee
Fri Apr 20, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: What is "journaling" of assets?
Replies: 16
Views: 2402

Re: What is "journaling" of assets?

Pajamas wrote:
Thu Apr 19, 2018 12:08 pm
It's sloppy to use that sort of lingo in letters to clients. "Journal" refers to bookkeeping entries and account records. Is it a Canadian or Caribbean firm or similar?
...
Yeah. I have a monthly bill I pay online, and the last question before logging off is "Enroll this funding?"

PJW
by Phineas J. Whoopee
Wed Apr 18, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11691

Re: We crush stock indexes, Yale claims

... One example I gave was RMD's. When I'm retired, I think I will keep 5 years of RMD's in cash/low risk bonds so that if a major recession/depression occurs, I'm not selling beaten down stock funds to come up with my RMD's. I doubt most even consider this at 70 1/2 unless they have a seasoned adv...
by Phineas J. Whoopee
Mon Apr 16, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

Don't count on it. Don't think it should.

Congress decides.

Vote.

PJW
by Phineas J. Whoopee
Mon Apr 16, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... I think SS should cover the increase in medical costs, AND, the costs of a basket of food. As near as I can tell (not retired yet) it does not do that. I think it should. Otherwise I can't count on it as an inflation adjusted income. Don't count on it. Don't think it should. Congress decides. V...
by Phineas J. Whoopee
Mon Apr 16, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... I'll admit I did not read the whole list. Does the SS inflation adjutment at least keep up with the medicare premiums (and copays)? I suggest you read about the Medicare Hold Harmless Provision . Beyond that I don't know enough about your personal situation, nor about every state, nor about Med...
by Phineas J. Whoopee
Mon Apr 16, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... I don't think I'm explaining myself clearly. I'm saying the inflation that matters is the change in value of the things you buy, not the change in your personal budget. If you are investing your money to eventually purchase a 1932 Packard Eight Phaeton, then the change in price of that car is t...
by Phineas J. Whoopee
Mon Apr 16, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

In my mind the biggest thing left out of most inflation figures is the cost of healthcare . Healthcare costs seem to go up more than any of the inflation indexes. And the older you get, the more likely you are to need healthcare Healthcare is included in CPI. See for yourself. You may or may not li...
by Phineas J. Whoopee
Mon Apr 16, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... Where did I say I disagree with BLS's weightings, data, or methodology. ... You did not say you disagree, you said you think there is uncertainty. You began with asking about calculations to three decimal places. You're absolutely correct to ask that. If I understand properly you're questioning...
by Phineas J. Whoopee
Mon Apr 16, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

What do you expect CPI to measure? PJW Consumer Prices If you disagree with the BLS's weightings, data, or methodology, all that's fine and it's published. If you live, for example, in Juneau AK, the price of wild-caught Pacific salmon might be, I'm making up unrealistic examples, $1.00 per pound. ...
by Phineas J. Whoopee
Mon Apr 16, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... I compared inflation from BPP with inflation from CPI-U. Someone said both use the same basket and weights, and only difference is the method of sampling prices. And yet sometimes they differed by as much as +/-1.5%. Include standard errors and it is probably only good to +/-2%. <--This is what...
by Phineas J. Whoopee
Mon Apr 16, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3508

Re: Account for Adult Children Allowing Parent Some Control

What's the difference between adult without scare quotes, and "adult" with them?
PJW
by Phineas J. Whoopee
Mon Apr 16, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... The Bureau of Labor Statistics has not started reporting the CPI-PVW, but my only concern about the BLS measures of inflation are how they affect my government benefits. There is a CPI-PVW and CPI-Phineas J. Whoopee. In figuring my expenditures, I only care what CPI-PVW is. Maybe your point is ...
by Phineas J. Whoopee
Mon Apr 16, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

The OP asked a question that's more properly about precision rather than accuracy, examining the reported number of decimal places.

The thread has changed to discussing accuracy, which is in part based on what one means by the word inflation, as Ron posted upthread.

PJW
by Phineas J. Whoopee
Mon Apr 16, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

... Your personal inflation rate is the only one that matters for your personal income and expenditures. ... There is no CPI-PVW any more than there is a CPI-Phineas J. Whoopee. One's personal expenses vary, one's personal basket of goods and services is unlikely to resemble the one used for the na...
by Phineas J. Whoopee
Mon Apr 16, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 4050

Re: How accurately can we measure INFLATION?

One thing I have never understood. When inflation numbers are presented, they are usually presented with this caveat, "....these numbers strip out food and energy, because of their volatility", or something to that effect. My question is why strip out Food and Energy? Food and Energy are huge parts...