Search found 6508 matches

by Phineas J. Whoopee
Tue Oct 17, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: When everything goes up, what goes down & vice versa
Replies: 25
Views: 2405

Re: When everything goes up, what goes down & vice versa

PJW, I would say that a house doubling in price was part of inflation, meaning that the value of money had gone down, EXCEPT where the increase in price was due to the VALUE of the house going up due to improvements. For example a skillfully done addition which increased the value more than the cos...
by Phineas J. Whoopee
Tue Oct 17, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Do International Funds provide significant US exposure?
Replies: 5
Views: 664

Re: Do International Funds provide significant US exposure?

Tell us precisely what you mean by "exposure" and we can answer. Otherwise it's an exercise in disagreeing about definitions. That sort of thing happens here all the time.
PJW
by Phineas J. Whoopee
Tue Oct 17, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: When everything goes up, what goes down & vice versa
Replies: 25
Views: 2405

Re: When everything goes up, what goes down & vice versa

Someone buys 1 shares with $2. Market capitalization of the company is now $2 x 100 = $200. However deposits have not changed (just changed hands). Money supply has not changed. As I inerpet dantes post, the question is, where did that $2 come from? Someting must be worth $2 less. ... It came from ...
by Phineas J. Whoopee
Mon Oct 16, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: When everything goes up, what goes down & vice versa
Replies: 25
Views: 2405

Re: When everything goes up, what goes down & vice versa

Most money in a modern economy is created when commercial banks issue loans. How much new money do banks produce yearly I don't know, but there must be metrics we could look up. We'd also have to look up how much money is destroyed by borrowers paying principal back yearly (written-off debt destroy...
by Phineas J. Whoopee
Mon Oct 16, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 87
Views: 5059

Re: What do you buy in Asian food stores?

The closest one is a little far away, in the sense that I could walk there, or walk back, but doing both is not realistic. Fish, mostly, and some types of meat such as oxtails. They seldom have duck, which disappoints me. There's a good fishmonger close by, but the selection is thinner. I would buy ...
by Phineas J. Whoopee
Mon Oct 16, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1809

Re: Bonds v. bond funds

- be diluted because the bid-ask spreads on the sold bonds but not on the fund shares for redeeming investors. NAV is calculated with the mid price, but say for argument the mid is 100 and the bid-ask is 99-101, then the bonds will be sold at 99, but the redeeming investor will get an NAV assuming ...
by Phineas J. Whoopee
Mon Oct 16, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: When everything goes up, what goes down & vice versa
Replies: 25
Views: 2405

Re: When everything goes up, what goes down & vice versa

... But hasn't the Fed's QE program significantly increased the money supply since 2008? Money supply is quite a topic, and I don't think we have enough space in one post for a couple of semesters worth of study. Please read the linked article, and I'll make a comment, which many people who haven't...
by Phineas J. Whoopee
Sun Oct 15, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1786

Re: Social Security payouts vs. "estimated benefits" online

... Increases for inflation are based on a wage index, not on cost of living per say. But if wages go up 2% per year, your projections are reasonable. Up through age 60, but with a two-year delay because of how long it takes to gather accurate wage data, one's future benefit is adjusted for the wag...
by Phineas J. Whoopee
Sun Oct 15, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1809

Re: Bonds v. bond funds

I think I'm still missing something, or something wasn't explained. I have two baskets of bonds. Basket A held in a fund and Basket B held in my brokerage account. The bond market craters 50% on Black Monday. My fellow fund owners all scream SELL MORTIMER SELL, and the bond manager liquidates to pa...
by Phineas J. Whoopee
Sun Oct 15, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: ACA stay below 250% FPL for 2017?
Replies: 16
Views: 1209

Re: ACA stay below 250% FPL for 2017?

... Forgive the question, but next year will be the first year I will be utilizing the ACA. If there is no legal mechanism to claw back CSR's, what, if anything, does happen if annual income happens to exceed 250% of the prior year's federal poverty guideline? This will not be an issue with me, but...
by Phineas J. Whoopee
Sun Oct 15, 2017 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1809

Re: Bonds v. bond funds

... So if they sell their bonds at below par to meet redemption needs and I am a fund owner, I am not hurt? The NAV moves up or down regardless of whether the manager sells. And he can sell at a loss and I am equally well off as if he never sold and the bonds recovered? What manner of wizardry is t...
by Phineas J. Whoopee
Sun Oct 15, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1809

Re: Bonds v. bond funds

I suppose I will never be comfortable with the idea that a bond fund is a safe substiture for a diversified individual bond holding. Obviously a basket of individual bonds is similar owning a fund. But more obvious to me is the fact that a portfolio manager can be forced to sell at a discount to pa...
by Phineas J. Whoopee
Sun Oct 15, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1809

Re: Bonds v. bond funds

... 2) This is a philosophical/ideological point. People who have studied economics tend to feel that the only valid way to look at money and value is to assume that everything is perpetually for sale , and that the only valid value for a bond portfolio is the "mark to market" value. ... ... That t...
by Phineas J. Whoopee
Sun Oct 15, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1809

Re: Bonds v. bond funds

Agreeing with some posters, and disagreeing with others, the answer is a resounding it depends . A mutual fund trades at a net asset value based on the sum total of its assets, and yes indeed a mutual fund, or an ETF, is nothing more nor less than a vehicle by which to own its underlying holdings. T...
by Phineas J. Whoopee
Sun Oct 15, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: X times salary, backwards calculation?
Replies: 23
Views: 2158

Re: X times salary, backwards calculation?

Here's what I did, and a couple of years later I answered some questions about it.

For the record, I think an age-based asset allocation plan will be far more practical for most investors. I offer my plan and experience implementing it to shine a contrasting light from a different direction.

PJW
by Phineas J. Whoopee
Sun Oct 15, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: ACA stay below 250% FPL for 2017?
Replies: 16
Views: 1209

Re: ACA stay below 250% FPL for 2017?

... CSRs are only available on Silver Plans. Which are the most popular plans. The good news for people receiving CSRs is, any premium increase due to the company's no longer receiving the subsidy will be shared by all Silver Plan policyholders. The bad news for all other Silver Plan policyholders ...
by Phineas J. Whoopee
Sun Oct 15, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: ACA stay below 250% FPL for 2017?
Replies: 16
Views: 1209

Re: ACA stay below 250% FPL for 2017?

Subsidies of both kinds in the ACA are based on the current year's income. So did you qualify for CSR reductions during 2017 based on your estimate of this year's income? If so, and you don't remain under the 250% for 2017, those subsidies will be taken back when you do taxes. ... I'm afraid that's...
by Phineas J. Whoopee
Sun Oct 15, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happens with the new law and ACA subsidies

magellan wrote:
Sun Oct 15, 2017 8:45 am
I don't want to repost everything I said on a different thread about this, so here's a link:
viewtopic.php?f=2&t=229476&start=50#p3573510
...
Welcome to "you guys." :happy

PJW
by Phineas J. Whoopee
Sat Oct 14, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happens with the new law and ACA subsidies

You guys are the real story. ... Thanks to all .. I love this site. ... If I may caution you, you guys in this thread is mostly me. I stand by what I wrote and by my links, but please be careful about concluding something economically important to you based primarily on one voice. An important cogn...
by Phineas J. Whoopee
Sat Oct 14, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happens with the new law and ACA subsidies

... The Gold/Bronze vs. Silver does make some sense, although I haven't thought through all the details. If the subsidies were based on Silver plans, and now their existence is in doubt , that would tend to remove a factor favoring Silver plans in a somewhat artificial way. Still, (assuming the ACA...
by Phineas J. Whoopee
Sat Oct 14, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happens with the new law and ACA subsidies

I searched high and low and every media outlet is saying everyone in ACA is screwed. They get paid for selling Ford F-150s. Nobody, except those who need one, will buy such a truck unless they think everything else is unsteady and uncertain. Seems the real news is right here at Bogleheads.org... No...
by Phineas J. Whoopee
Sat Oct 14, 2017 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

... You could also try to join one of these sharing ministries or one of these group associations, but I know less about the details of those. Health-sharing ministries, although membership in one of the five legacy organizations qualifies a person to avoid the no-insurance penalty tax, the Shared ...
by Phineas J. Whoopee
Fri Oct 13, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

... Your alternative three assumes that an individual insurance market still exists where you can buy a policy. Qualifying for an ACA subsidy doesn't help you if there's no policy which you can buy. What I read is that this latest wrinkle is liable to drive insurers out of the individual market--an...
by Phineas J. Whoopee
Fri Oct 13, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

Phineas, thanks for the valuable links. If I read this right, many of the states out did the Federal Gov't. We get more subsidies that are worth more for Bronze and Gold Plans.. It took me awhile to figure out where the $$$$ was coming from if Silver Plans were going to be prohibitively expensive f...
by Phineas J. Whoopee
Fri Oct 13, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

To correct one point in my reply to docbrown, upthread , the ACA mandates insurance companies offer all on-exchange plans directly, without going through the exchange. For a customer to receive either the Premium Tax Credit or the Cost Sharing Reduction requires they use the exchange. If there's a c...
by Phineas J. Whoopee
Fri Oct 13, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

... I've bought my own health insurance my entire adult life, because I've never had a job. I was doing this well before the ACA. So if I'm pushed out of the federal Marketplace, are insurers even offering private plans any more? It may depend on the state. Some contingency plans encourage the cont...
by Phineas J. Whoopee
Fri Oct 13, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

... So I want to be really clear about this. The second executive order halts federal CSR reimbursement to insurance companies, but does not relieve insurance companies of their obligation to offer these reduced copays, coinsurance, and deductibles. Yes, that's factually correct. Therefore, it's po...
by Phineas J. Whoopee
Fri Oct 13, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

Actionable: Hold your horses, pardner. Signing and implementation are two different things. It's just an executive order, and already two state attorney generals (CA and NY) are talking litigation. Even if it survives lawsuits, changes will take time (although how much time remains unknown). http:/...
by Phineas J. Whoopee
Fri Oct 13, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5475

Re: Help me understand what happen with the new law and ACA subsidies

If I may, the cost sharing reductions are not affected by yesterday evening's executive order. Their provision by insurance companies is mandated by the Affordable Care Act as legislated. Up to an income of 250% of the federal poverty guideline they reduce copays, coinsurance, and deductibles. The A...
by Phineas J. Whoopee
Thu Oct 12, 2017 3:58 pm
Forum: Personal Consumer Issues
Topic: Driver's License Number in regards to Equifax Breach
Replies: 12
Views: 813

Re: Driver's License Number in regards to Equifax Breach

Earlier today I wrote about the REAL ID Act of 2005 (that's how Congress wrote its name). The post may help shed light.
PJW
by Phineas J. Whoopee
Thu Oct 12, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are Treasury Zero's Liquid?
Replies: 6
Views: 440

Re: Are Treasury Zero's Liquid?

... If you own zeros in a taxable account, you will have to pay phantom federal income tax. If I may, there's nothing phantom about the tax. The idea, which is misleading, is you have phantom income on which to pay tax each year. If you owned, for example, a normal Treasury and used all the coupon ...
by Phineas J. Whoopee
Thu Oct 12, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2537

Re: Social Security Card - Should I get a Replacement

... In order to get a REAL ID compliant drivers license you must prove your SSN and as others have stated states may not accept a Passport and demand to see your Social Security Card. ... It's worth noticing that the requirements of the REAL ID Act of 2005 (that's how Congress wrote its name) go fa...
by Phineas J. Whoopee
Thu Oct 12, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2537

Re: Social Security Card - Should I get a Replacement

Granted I have faced some less common situations in my life, but I've had to show the physical card repeatedly. Without going into detail, at one time I did routinely carry it with me for that reason.
PJW
by Phineas J. Whoopee
Thu Oct 12, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3485

Re: 100% invested, all in, no cash- how do you do it?

... What if another 2008 happens and stocks drop 50% and an emergency comes up , are you still going to sell positions in your taxable account? You would be potentially turning paper losses into real loses . That's among the reasons many of us do not hold 100% of our portfolios in stocks. Fixed inc...
by Phineas J. Whoopee
Thu Oct 12, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6202

Re: Buy when there's blood in the streets!

A person who is 100% invested in index funds could sell those funds and buy 2x, or even in some cases 3x leveraged ETFs . This is a very bold move -- I don't think I would be able to do it, but it is a valid option for increasing one's exposure to stocks even without cash on hand. Inverse and lever...
by Phineas J. Whoopee
Wed Oct 11, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate mystery
Replies: 24
Views: 1733

Re: I Bond fixed rate mystery

Unlike the yields on marketable bonds, the I Bond fixed rate for new purchases is set every six months by the US Treasury under the power delegated by Congress to the secretary, who I should think delegates it further. For a time there was a correlation (which does not imply causation) between it an...
by Phineas J. Whoopee
Wed Oct 11, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3485

Re: 100% invested, all in, no cash- how do you do it?

The expression really means that the person does not count as "invested" whatever cash he does have. I'm honest because I do keep a cash category in my portfolio accounting which includes sweep and money funds at brokers but does not count checking accounts, currency in my wallet, or cash "borrowed...
by Phineas J. Whoopee
Wed Oct 11, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Please define "cash"
Replies: 31
Views: 1937

Re: Please define "cash"

... I increasingly dislike the term "fixed income" to describe cash and bonds. I prefer to think in terms of stocks, bonds, and cash for investment securities. I would prefer "fixed income" to refer to income which is fixed , like a single premium immediate annuity (SPIA). ... A simple bond pays th...
by Phineas J. Whoopee
Wed Oct 11, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: "Dumb and dumber" from Allan Roth
Replies: 10
Views: 2761

Re: "Dumb and dumber" from Allan Roth

People don't take into account that while the dollar value of a bond fund goes down in a rising rate environment, as bonds are sold and new ones bought by the fund, the newer bonds have a higher yield . Eventually the higher yield makes up for the initial loss in value. The amount of time it takes ...
by Phineas J. Whoopee
Wed Oct 11, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4149

Re: 10 year anniversary of the beginning of the Great Recession

My present self is thankful to my younger self for strictly following my investment plan, including rebalancing all the way down and all the way back up.

No good result, however, was sure to happen.

PJW
by Phineas J. Whoopee
Wed Oct 11, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: "Dumb and dumber" from Allan Roth
Replies: 10
Views: 2761

Re: "Dumb and dumber" from Allan Roth

... Couldn't agree more. I cringe a little at all the talk of principal preservation (AKA not having to sell shares) and the safety of large-cap dividend stocks or funds. It blows my mind that seemingly intelligent investors really do not understand that a dividend is not free money; And that it is...
by Phineas J. Whoopee
Wed Oct 11, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 182
Views: 12394

Re: Dividends vs. Capital Gains for Spending Needs?

... The above is from the beginning and the end of article. Why all the negatively about dividends , is it because Larry showed so much disdain for them, I read some of his rants on seeking alpha. He was down right mean to some posters. ... We are not against dividends. We are against misunderstand...
by Phineas J. Whoopee
Wed Oct 11, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Very confused by Bonds
Replies: 18
Views: 2073

Re: Very confused by Bonds

... The Treasury regularly issues new bonds/notes/bills. There's an auction process to determine the exact price, the mechanics of which are not that relevant for your purposes. You can very readily also buy bonds off the secondary market (i.e. from somebody else, effectively, so not a new issue wh...
by Phineas J. Whoopee
Wed Oct 11, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Very confused by Bonds
Replies: 18
Views: 2073

Re: Very confused by Bonds

... My understanding is that there are some folks who want 1.05% instead of the 1% being offered (just a number I threw out), so, the treasury will give you yours, then start selling to others at possibly a higher interest rate....maybe. ... I'm afraid that's a misunderstanding. The US Treasury doe...
by Phineas J. Whoopee
Wed Oct 11, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6202

Re: Buy when there's blood in the streets!

alpine_boglehead wrote:
Wed Oct 11, 2017 11:58 am
...
Unfortunately, for the aggregate of investors, that's an oxymoron. There has to be a surplus of investors willing to sell, otherwise prices wouldn't crash in the first place.
...
Every transaction must have a buyer, otherwise no trade would occur.
PJW
by Phineas J. Whoopee
Wed Oct 11, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Why no stable value accounts for "retail" investors?
Replies: 11
Views: 1282

Re: Why no stable value accounts for "retail" investors?

There are two common types of stable value funds , and neither will work well if investors move into or out of them quickly. They're limited to employer-based retirement accounts because it's likely the bulk of investors will stay put. Guaranteed Investment Contracts (GIC): The fund is offered by an...
by Phineas J. Whoopee
Mon Oct 09, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Probably a very simple investing principle but....
Replies: 22
Views: 1975

Re: Probably a very simple investing principle but....

... Example: Buy a stock for $100. It goes up to $110. Yay. Then have a big crash and the stock price is $50. Uh oh. After 5 years, stock price is now back to the original buy of $100. Am I right where I started off 5 years later or is there something else going on and I may be up more than my orig...
by Phineas J. Whoopee
Mon Oct 09, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: Dividends growing at higher rates than inflation?
Replies: 9
Views: 795

Re: Dividends growing at higher rates than inflation?

... One of the things to be aware of is that dividends cannot grow faster than earnings grow, in the long run. Take a look at your companies and see if they are paying out a higher and higher share of earnings per share as dividends per share. If they are, either earnings are going to have to grow ...
by Phineas J. Whoopee
Sun Oct 08, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping Tabs on Investment Accounts
Replies: 13
Views: 1126

Re: Keeping Tabs on Investment Accounts

I look online weekly, not only to be sure we agree on what I have, but also to make sure nobody is starting to set me up to be their victim. How could somebody drain my investment account? They could get a paper check mailed to them, or they could have money transferred to a linked bank account. Wit...