Search found 7455 matches

by Phineas J. Whoopee
Sun Nov 11, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 40
Views: 5654

Re: Habits of the Rich

Get enough education to allow for a higher than normal income and then live as if you make a lot less That's what I did. First I continued my grad student lifestyle while I paid my student debts (around $50,000, inflation-adjusted), and as I finished with each of several creditors I saved the payme...
by Phineas J. Whoopee
Sun Nov 11, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 82
Views: 4399

Re: Doing taxes by hand

... For the record, I used to do it all by hand and never made a mistake, at least as far as any feedback from the IRS was evidence of that. On two occasions when I used Turbo Tax however, the IRS notified me of a mistake and I had to send in some more money. (I wonder if they ever send you a refun...
by Phineas J. Whoopee
Sat Nov 10, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 82
Views: 4399

Re: Doing taxes by hand

By hand is how I always fill out mine, if hand means not a pencil but rather typing into free fillable forms. I have to generate the input numbers, but the forms themselves handle the arithmetic and copying of fields between themselves. It takes time, and it can be irritating now and then. If I can'...
by Phineas J. Whoopee
Fri Nov 09, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs traditional for lower income maid
Replies: 8
Views: 724

Re: Roth vs traditional for lower income maid

The lower one's current tax bracket the less advantage tax deferral has. Given that they're "lower income," Roth contributions might make a lot of sense. Of course there isn't enough information for a specific recommendation.
PJW
by Phineas J. Whoopee
Thu Nov 08, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2354

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

Im 28 also. Why would you entertain the idea of grad school? Youre already making good money. ... There are reasons to go to grad school that aren't motivated by increased income. It's just that not everybody recognizes those reasons. I'm not criticizing anyone's personal education choices for them...
by Phineas J. Whoopee
Thu Nov 08, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4449

Re: Would you still jump if you were ready, then the market dropped 50%??

If I weren't prepared for a 50%+ drop in the stock market at any time I wouldn't be ready.
PJW
by Phineas J. Whoopee
Wed Nov 07, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any real reasonable rationale as to why the Stock Market “Collapses? when…
Replies: 14
Views: 1822

Re: Is there any real reasonable rationale as to why the Stock Market “Collapses? when…

... (And I don't believe the story about Mrs. O'Leary's cow causing the Chicago fire.) Don't know about the Chicago Fire, but in the case of the Great Fire of London (1666) there was a similar story and that may have been the source of the Chicago story. ... There was a neighborhood rumor saying wh...
by Phineas J. Whoopee
Wed Nov 07, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: difference going long on a leveraged etf and short on its inverse?
Replies: 14
Views: 884

Re: difference going long on a leveraged etf and short on its inverse?

What would be the difference with going long on e.g. SSO and going short on SDS? Should they give me the same returns? If not what is the difference? Would expense ratios be important. I assume high expense ratios for an etf you are shorting is a good thing ? *looking for answers on these questions...
by Phineas J. Whoopee
Wed Nov 07, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Guide to work out your asset allocation?
Replies: 12
Views: 1070

Re: Guide to work out your asset allocation?

It isn't an algorithm or even a rule of thumb, but here's what I did and why, 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.

PJW
by Phineas J. Whoopee
Mon Nov 05, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Save tuition money or fund 401(k)?
Replies: 10
Views: 872

Re: Save tuition money or fund 401(k)?

In my experienced opinion saving for graduate school tuition for oneself is different from saving for another's versus one's own retirement. Depending on how it works out grad school can be an extremely lucrative investment of both money and time. It can also fall flat resulting in a lifetime loss w...
by Phineas J. Whoopee
Mon Nov 05, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: 80 year old wants to invest $100k to get ~$10k annually. Options?
Replies: 22
Views: 3830

Re: 80 year old wants to invest $100k to get ~$10k annually. Options?

An SPIA may well be a good choice, but price it out on http://www.immediateannuities.com/ to see if $10,000 or something similar is available at all. An SPIA returns your own capital to you, so it's not the equivalent of an investment that returns $10,000 per year.
PJW
by Phineas J. Whoopee
Mon Nov 05, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Creating your own dividends vs High dividend fund
Replies: 10
Views: 1111

Re: Creating your own dividends vs High dividend fund

Hi Tim, and welcome to the forum. When a stock fund pays out a dividend its price, its net asset value, falls by the same amount . Daily market fluctuations can make it hard to see. In your first example your $50 holding (what you paid yesterday is irrelevant today) declines in price to $48, and you...
by Phineas J. Whoopee
Mon Nov 05, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: Dividends for fund not own whole month
Replies: 13
Views: 1866

Re: Dividends for fund not own whole month

I am very familiar with the GNMA fund at Vanguard. The dividends are distributed calendar monthly and do not accumulate in the NAV of the fund. No experience with some of the other bond funds -- but I think there may be some incorrect information posted. That's the way most fixed-income funds work....
by Phineas J. Whoopee
Mon Nov 05, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5871

Re: WSJ: Sometimes, It’s Bonds For the Long Run

... I supposed it would be incorrect to extrapolate that he would caution young people today about making that same mistake, as in his If You Can booklet he recommends equal-weighting the three-fund portfolio. I don't think that was an age-based asset allocation. His point, if I understand it, is t...
by Phineas J. Whoopee
Sun Nov 04, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Offsite data storage
Replies: 10
Views: 1087

Re: Offsite data storage

I rent a safe deposit box for a different purpose I won't go into, but there's enough space left in the smallest size that accommodates my needs to use it for secure off-site backup. Be sure to use heavy-duty Ziploc bags or their equivalent to protect the media from water damage should there be a fi...
by Phineas J. Whoopee
Sun Nov 04, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard dividend appreciation fund has performed well this year
Replies: 3
Views: 639

Re: Vanguard dividend appreciation fund has performed well this year

Naturally a subset of the market will perform differently than the market as a whole. Sometimes it will return more and sometimes less. Such an outcome should surprise no one.
PJW
by Phineas J. Whoopee
Sun Nov 04, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4299

Re: Question on the 4% withdrawal rule

Fortunately there ain't no such rule, so don't worry about implementing it. It's a rough, large-scale planning observation and nothing more. At the time the study came out it was popular to say a person could sustainably withdraw 8% or more per year. The important point is in reality it isn't nearly...
by Phineas J. Whoopee
Sat Nov 03, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Are Bond Funds Really a Good Investment Now?
Replies: 44
Views: 4982

Re: Are Bond Funds Really a Good Investment Now?

For long-term investors using intermediate-term funds increased yields are helpful, not harmful. It just takes a few years for the advantage to become obvious.
PJW
by Phineas J. Whoopee
Sat Nov 03, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5871

Re: WSJ: Sometimes, It’s Bonds For the Long Run

I wonder what Siegel used in his data for "U.S. Dollar" , since there wasn't a national currency until the National bank Act of 1863. There were still gold and silver coins denominated in dollars or fractions of a dollar. The Coinage Act of 1792 established the US Dollar. Foreign coins, especially ...
by Phineas J. Whoopee
Sat Nov 03, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18150

Re: Vanguard website "unavailable during weekend of Nov 3"

For those freaking out, as an IT person, I am not so concerned that this means there is some major problem. I have often faced planning an entire weekend long system upgrade. Major upgrades with large data conversions can take hours, followed by need to validate success. When I have a project that ...
by Phineas J. Whoopee
Thu Nov 01, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: market trading percentage
Replies: 3
Views: 387

Re: market trading percentage

Everybody has their own opinion about how much stocks in the market are worth. It is not the case that everybody agrees.

I wrote about it here.

PJW
by Phineas J. Whoopee
Wed Oct 31, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investment/Retirement Mentality - Home Purchase
Replies: 14
Views: 594

Re: Investment/Retirement Mentality - Home Purchase

That question always draws vigorous debate. I will, as is my wont, apply corporate accounting principles to individuals. The monthly mortgage payment is outgoing cash flow. It would show up on the cash flow statement and needs to be funded. The principal part of the payment decreases a liability. It...
by Phineas J. Whoopee
Tue Oct 30, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Is the growing national debt a reason to diversify with international?
Replies: 33
Views: 3366

Re: Is the growing national debt a reason to diversify with international?

... - there are recurrent debt ceiling crises between the Legislative and the Executive - this can lead to "technical defaults" (but has not, yet) ... If I may, there was nothing technical about the threatened default. Any failure to pay in full on time is a full-fledged default, and doesn't take a...
by Phineas J. Whoopee
Tue Oct 30, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5261

Re: Compounding interest?

Phineas J. Whoopee & JustinR, My posts above were NOT about what happens when a company pays a dividend. My posts were about what happens when a company makes a profit. When a company makes a profit, its investors get more resources with which to make profits in the future. This is compound growth,...
by Phineas J. Whoopee
Mon Oct 29, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4003

Re: Help! For a larger size taxable account do I pay an advisor?

Hi arcticpineapplecorp. I have two things to say, which I hope will make my position more clear to you. You don't have to agree with it, but I wish you wouldn't tell other people their losses aren't losses. First, to reiterate what I posted upthread, you get to decide the time period you're measurin...
by Phineas J. Whoopee
Sat Oct 27, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Consequences of wash sale
Replies: 4
Views: 320

Re: Consequences of wash sale

And if I may add, although wash sales are not illegal you personally are legally responsible for reporting them properly on your tax return, regardless of the documentation your broker sends you.
PJW
by Phineas J. Whoopee
Sat Oct 27, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Wash sale reporting by brokers
Replies: 9
Views: 612

Re: Wash sale reporting by brokers

And if I may add to other more specific responses regarding broker wash sale reporting, the words Congress wrote into tax law are Substantially Identical.

Congress did not write similar.

PJW
by Phineas J. Whoopee
Sat Oct 27, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4003

Re: Help! For a larger size taxable account do I pay an advisor?

A loss occurred in the past. It already happened. Future events don't change it, whatever they may be, and however likely. It is very dangerous, as I detailed in my post you quoted, to suppose in one's mind that a loss is not a loss. PJW but then wouldn't the opposite be true? A gain occurred in th...
by Phineas J. Whoopee
Sat Oct 27, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: How to exit out of the Stock Market?
Replies: 58
Views: 6071

Re: How to exit out of the Stock Market?

... I know everyone in the financial sector preaches stay the course and the market always comes back but I wonder what if we are on a course we haven't travelled before, what then? Oh anyway, I sincerely appreciate all the responses and the time it took for some of you to post such in depth replie...
by Phineas J. Whoopee
Sat Oct 27, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9229

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

Broken Man 1999 wrote:
Sat Oct 27, 2018 3:45 pm
...
I have seen more than one recommendation of people only selling from the bond side of your AA.
...
I've seen those too. The process would result in the risk of one's portfolio growing over time.

If that's what one wants, then fine.

PJW
by Phineas J. Whoopee
Sat Oct 27, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4003

Re: Help! For a larger size taxable account do I pay an advisor?

... The OP has not lost any money. He’s sitting on unrealized losses, you only lose when you sell ... I'm sorry, Grt2bOutdoors, but that's a very damaging misconception. An unrealized loss is still a loss. Believing otherwise leads to poor financial decisionmaking, like holding on to an inappropria...
by Phineas J. Whoopee
Sat Oct 27, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: "consultation fee": standard for preventative colonoscopy?
Replies: 61
Views: 3341

Re: "consultation fee": standard for preventative colonoscopy?

At least you know about it in advance. During my last colonoscopy I was more concerned about the possibility that an "out of network" provider would stroll into the room and I'd get a surprise six-figure bill for that. That's a valid concern. A couple of years ago NYS put in place legislation to pr...
by Phineas J. Whoopee
Fri Oct 26, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Is it risky to have all retirement savings with vanguard?
Replies: 43
Views: 5896

Re: Is it risky to have all retirement savings with vanguard?

Hi minnesota315.

Your concern is not misplaced. It's always good to look out for systemic risks.

I wrote about what I do in this post. It isn't a prescription for everybody, but it's one approach.

PJW
by Phineas J. Whoopee
Fri Oct 26, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5261

Re: Compounding interest?

... -- If it pays a dividend, the investor gets to decide what to do with it; he still has the same portion of the company as he bought plus something else. If that something else is an investment, he has the potential to make more profit now than he started with. The value of his holdings have gro...
by Phineas J. Whoopee
Fri Oct 26, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Is emerging markets investable?
Replies: 51
Views: 2888

Re: Is emerging markets investable?

One of the premises of market efficiency is correct widely disclosed information. The presence of insiders acting on private information doesn't necessarily make markets totally inefficient, especially if the behavior of this insiders is observable. Illegal trading on inside information is covered ...
by Phineas J. Whoopee
Fri Oct 26, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4003

Re: Help! For a larger size taxable account do I pay an advisor?

... The OP has not lost any money. He’s sitting on unrealized losses, you only lose when you sell ... I'm sorry, Grt2bOutdoors, but that's a very damaging misconception. An unrealized loss is still a loss. Believing otherwise leads to poor financial decisionmaking, like holding on to an inappropria...
by Phineas J. Whoopee
Fri Oct 26, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Market correction this week.
Replies: 15
Views: 2642

Re: Market correction this week.

I wonder whether any name brand financial guru called this week's market correction? Anybody with the price of a shingle to hang out can be a name brand financial guru. There are lots and lots of people who call all sorts of things, always disagreeing with each other. Somebody or other will turn ou...
by Phineas J. Whoopee
Fri Oct 26, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5261

Re: Compounding interest?

... -- If it pays a dividend, the investor gets to decide what to do with it; he still has the same portion of the company as he bought plus something else. If that something else is an investment, he has the potential to make more profit now than he started with. The value of his holdings have gro...
by Phineas J. Whoopee
Fri Oct 26, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18150

Re: Vanguard website "unavailable during weekend of Nov 3"

White Coat Investor wrote:
Fri Oct 26, 2018 2:34 pm
Seems like it is already down. Trying to TLH and can't even get an order in today.
I suppose it may be down now, but isn't 3 November next weekend?

PJW
by Phineas J. Whoopee
Fri Oct 26, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18150

Re: Platform changes?

That's when they're forcing everyone to 3-factor authentication . Should go over well :D Now what is this 3-factor authentication? I've just barely got over learning the 2-factor, don't tell me there is yet another new thing to learn already? Taking the question seriously, the three factors are: So...
by Phineas J. Whoopee
Fri Oct 26, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5261

Re: Compounding interest?

Here's Investopedia's explanation of the term compounding . It doesn't rely on there being interest, or even dividends. The first example in the link shows that clearly. Compounding means this period's return (whatever period you choose) starts from the end point of the previous period's return. PJW
by Phineas J. Whoopee
Thu Oct 25, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: Who profits from day to day market swings?
Replies: 13
Views: 1367

Re: Who profits from day to day market swings?

High frequency traders pay enormous sums of money to locate their servers at the exchange's data center. The speed of light in a fiber optic cable means a shorter travel distance results in data getting to their computers slightly earlier than to those physically farther away, and their orders arri...
by Phineas J. Whoopee
Thu Oct 25, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance to cover catastrophe health situation?
Replies: 26
Views: 1571

Re: Insurance to cover catastrophe health situation?

Jgradfordou wrote:
Thu Oct 25, 2018 7:20 pm
Exactly. I am interested to hear if anyone has purchased a Catastrophic plan on the marketplace/Healthcare.gov.
No doubt somebody has, I haven't, but there are limitations on eligibility. Only you can predict whether you qualify.

PJW
by Phineas J. Whoopee
Thu Oct 25, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance to cover catastrophe health situation?
Replies: 26
Views: 1571

Re: Insurance to cover catastrophe health situation?

Healthcare sharing ministries are under no legal obligation to cover anything for anybody. If you choose one for catastrophic expenses, which would require voluntary contributions from other ministry members as long as each individually thought you were morally deserving, please keep that fact in m...
by Phineas J. Whoopee
Thu Oct 25, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Does an exchange from VFIAX (S&P500, sold at a short-term capital loss) to VTSAX (Russel 3000) consitute a wash sale?
Replies: 6
Views: 399

Re: Does an exchange from VFIAX (S&P500, sold at a short-term capital loss) to VTSAX (Russel 3000) consitute a wash sale

The words Congress wrote are "substantially identical." Neither the IRS nor any tax court has given us guidance on what that means when it comes to mutual funds. I'm sure shares of the very same fund from the very same sponsor would qualify. I can't imagine, under any possible interpretation of subs...
by Phineas J. Whoopee
Thu Oct 25, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: TLH for Facebook, ideas?
Replies: 5
Views: 309

Re: TLH for Facebook, ideas?

I'd like to suggest that maybe you're experiencing the behavioral pitfall called anchoring , that is, basing decisions about an unknown future on some past event. Waiting for price recovery is the textbook example, even though you have a two-step plan to do it. Not everybody agrees with me, but here...
by Phineas J. Whoopee
Thu Oct 25, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Investing vs. Index Funds
Replies: 19
Views: 1856

Re: Dividend Investing vs. Index Funds

As we repeatedly see on this forum, dividend advocates can be difficult to respond to. Often, when one point is refuted our dividend-favoring members make a different refutable point which leads to the same conclusion. Motivated reasoning. Concurring with other posters, I'd decline to offer advice b...
by Phineas J. Whoopee
Thu Oct 25, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed income other than bonds, CD's, money market?
Replies: 7
Views: 956

Re: Fixed income other than bonds, CD's, money market?

Hi BeanCity, and welcome to the forum.

Poster retired61 is referring to Series I Savings Bonds, sometimes called I Bonds, or even (although it always makes me think they must have been issued by Apple, Inc.) iBonds.

PJW
by Phineas J. Whoopee
Thu Oct 25, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Balanced fund rebalancing frequency
Replies: 2
Views: 367

Re: Balanced fund rebalancing frequency

Vanguard, at least, I don't know about Fidelity but I suppose it must be the same, sees so many inflows and outflows it can rebalance daily out of cash flow. They may as well, so they do. That's one advantage of offering many disparate funds.
PJW