Search found 6952 matches

by Phineas J. Whoopee
Mon Apr 23, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 2
Views: 188

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: 4
Views: 225

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: 2156

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: 11035

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: 3662

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: 3662

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: 3662

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: 3662

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: 3662

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: 3662

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: 3662

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: 3662

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: 3200

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: 3662

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: 3662

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: 3662

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: 3662

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...
by Phineas J. Whoopee
Mon Apr 16, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11035

Re: We crush stock indexes, Yale claims

Endowments invest (at least are modeled to invest) in perpetuity. No individual can. One obvious source of return available to perpetual investors is from illiquid assets. Probably neither you nor I could see the sense, for example, in buying some depleted forestland, planting trees, waiting for for...
by Phineas J. Whoopee
Fri Apr 13, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6131

Re: vanguard notice - retiring our old investment platform

I'm not saying Vanguard is right or wrong to make the request, and I'm not telling anybody else what to do, but I would be concerned that eventually, which doesn't necessarily mean Monday morning, with fewer and fewer accounts the old IT system would receive less and less maintenance funding. It's j...
by Phineas J. Whoopee
Wed Apr 11, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 329
Views: 21705

Re: Anyone Deleting Facebook?

I have no way in which to delete it. PJW I had my account disabled but now I can request a completely delete... it will take 14 days! https://www.facebook.com/help/delete_account Best of luck over the next two weeks. I can't delete it because there isn't any there there. It's like suggesting I ushe...
by Phineas J. Whoopee
Mon Apr 09, 2018 3:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 70
Views: 8994

Re: Too much Bogleheads.org?

If enough is good, too much must be better.
PJW
by Phineas J. Whoopee
Sun Apr 08, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Can Big Tech Stocks Grow Without Limits?
Replies: 38
Views: 2985

Re: Can Big Tech Stocks Grow Without Limits?

Taken literally, of course not.

Taken figuratively, we don't know what will happen in the future.

PJW
by Phineas J. Whoopee
Sun Apr 08, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12420

Re: Ivy school education. Is it worth it?

What does the student (not you, OP) want, and is the student likely (in their own opinion, not yours OP) to get it?
PJW
by Phineas J. Whoopee
Sat Apr 07, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11358

Re: What is your AA, given your age? and, Why?

This is what I did, and why. 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
Fri Apr 06, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14820

Re: Swedroe: Look Beyond 60/40 Portfolio

... You don't think that negative correlation has been observed over meaningful periods of time? Is the last 15 years not a meaningful period of time? All the way through, year to year, or just cherry picked start and end dates? If it's year by year, or reliably over some longer period meaningfully...
by Phineas J. Whoopee
Fri Apr 06, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14820

Re: Swedroe: Look Beyond 60/40 Portfolio

... Right. Bond prices move in accordance with interest rate changes, not based on stocks' movement. We would be on the same sentence on the same paragraph on the same page if we said Yield to Maturity , YTM, instead of interest rate . Are we good? PJW Yes, what you've said is more precise. Great. ...
by Phineas J. Whoopee
Fri Apr 06, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14820

Re: Swedroe: Look Beyond 60/40 Portfolio

willthrill81 wrote:
Fri Apr 06, 2018 2:32 pm
...
Right. Bond prices move in accordance with interest rate changes, not based on stocks' movement.
We would be on the same sentence on the same paragraph on the same page if we said Yield to Maturity, YTM, instead of interest rate. Are we good?

PJW
by Phineas J. Whoopee
Fri Apr 06, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14820

Re: Swedroe: Look Beyond 60/40 Portfolio

... In a sense the inverse correlation is still holding up, it is just a delayed effect, with bonds going negative being the price that we pay for stocks having gone up so high. ... Ain't none. In the US investment-grade bonds and stocks have had approximately zero correlation. That means when stoc...
by Phineas J. Whoopee
Fri Apr 06, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 39
Views: 3908

Re: Who uses the 3 fund portfolio ?

... That's a lot of TIPs PJW. Smelling inflation up in them thar hills? ... No. My allocation is not based on any forecast of inflation. It's based on my careful evaluation of my situation, concluding inflation is the biggest financial risk I face. The stocks are there to help over the long term, b...
by Phineas J. Whoopee
Fri Apr 06, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14820

Re: Swedroe: Look Beyond 60/40 Portfolio

... Technically you are right. Practically, though, rising interest rates lower bond prices. The fact that they’ll recover via coupon payments, over many years, is of little comfort . Bonds are supposed to be our safe asset class, remember? What risks do you want to be safe from? If it's fluctuatio...
by Phineas J. Whoopee
Fri Apr 06, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: How can I buy foreign stocks under my own name (not under nominee/street name)?
Replies: 11
Views: 621

Re: How can I buy foreign stocks under my own name (not under nominee)?

Hi ruggie, and welcome to the forum. I suggest putting the fact you're in Greece in the subject line. That will attract the attention of any experts who know what they're talking about. You can edit it by clicking on the button that looks like a pencil. I know nothing about Greek law and I suspect m...
by Phineas J. Whoopee
Fri Apr 06, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Amica paid in full discount for auto
Replies: 5
Views: 675

Re: Amica paid in full discount for auto

I've encountered the same thing, except it was cast as an extra fee per periodic payment. Works out the same mathematically, I guess. Maybe the difference from your experience had to do with state law.
PJW
by Phineas J. Whoopee
Fri Apr 06, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in foreign treasuries
Replies: 7
Views: 414

Re: Investing in foreign treasuries

... It seems to me that a 6.5% 6 mo Indian bond is attractive if the frictional costs of investing are low. It also would be important to take into account Indian inflation, and the potential for exchange-rate fluctuations. If you have a known upcoming liability denominated in rupees it could make ...
by Phineas J. Whoopee
Fri Apr 06, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 39
Views: 3908

Re: Who uses the 3 fund portfolio ?

For asset allocation I use three fund plus TIPS: 25% total US stock; 15% total international stock; 40% inflation-protected fixed income; 20% nominal fixed income. So call it 40/60. I literally do have more than four mutual funds, but that's for logistics reasons. It might as well be four, because t...
by Phineas J. Whoopee
Fri Apr 06, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14820

Re: Swedroe: Look Beyond 60/40 Portfolio

Leesbro63 wrote:
Fri Apr 06, 2018 12:03 pm
Rising bond payments don’t offset the decline in bond prices.
I'm interested in why you say that. The Bogleheads wiki certainly claims otherwise, but of course it could be wrong.

Bonds: advanced topics - duration

PJW
by Phineas J. Whoopee
Thu Apr 05, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: College freshman shopping—what don’t we need?
Replies: 45
Views: 2790

Re: College freshman shopping—what don’t we need?

It's long ago, but I didn't buy anything on their list in advance. I brought a few things I already had, like pen and paper. A couple of weeks after I arrived I hiked to the nearest shopping mall and bought a pillowcase and sheets, cheap. They turned out to be the only things from the list I truly n...
by Phineas J. Whoopee
Wed Apr 04, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: NY passes law to get around SALT limit
Replies: 47
Views: 5635

Re: NY passes law to get around SALT limit

I believe this topic must be acceptable because, as OP references, it is already enacted legislation.

Whether it's a good or bad idea might descend into politics.

PJW
by Phineas J. Whoopee
Wed Apr 04, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: SPOT [Investing in Spotify]
Replies: 45
Views: 2527

Re: SPOT [Investing in Spotify]

I believe the expression is internet, darling.

It's in response to one's spouse's question: what are you looking at on the computer screen?

PJW
by Phineas J. Whoopee
Wed Apr 04, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9025

Re: How Do You Value Your Home for Net Worth Purposes?

I suppose I could decide not to include my incisors as teeth, but that wouldn't change the definition of teeth for the rest of the world.

Net worth is assets minus liabilities. An owned home is an asset. Any loan secured by it is a liability, as are other loans.

PJW
by Phineas J. Whoopee
Tue Apr 03, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Travel to Dominican Republic
Replies: 17
Views: 1463

Re: Travel to Dominican Republic

I'd say be careful about who brings you back to the airport. It's not just in the Dominican Republic of course, but some drivers will offer to expedite your trip through security for a large green gratuity. Tip properly, naturally, but it's an easy exploit to fall for. You have to go through securit...
by Phineas J. Whoopee
Tue Apr 03, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4467

Re: Annuity w guaranteed 5-6% return?

... - TIPS bonds & ibonds. One can build up a decent portfolio of ibonds, despite annual limits, if one is diligent. TIPS bonds and funds tend to be volatile. A TIPS ladder overcomes this , and there are also short term TIPS funds that tend to track inflation better than all TIPS bonds (but pay sig...
by Phineas J. Whoopee
Tue Apr 03, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Rate Decrease
Replies: 13
Views: 1116

Re: Auto Insurance Rate Decrease

I don't know because you didn't say, but it's possible you aged into a cohort they view as less risky.
PJW
by Phineas J. Whoopee
Fri Mar 30, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4051

Re: When did you know your kids would go to college?

... I know that many BH would think that is terrible thinking because of the poor ROI. That's cool too. :beer I am not among the many you refer to. Education is both utilitarian and idealistic. I do think we in the US should offer a far broader range of education and training options during and aft...
by Phineas J. Whoopee
Fri Mar 30, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4051

Re: When did you know your kids would go to college?

When I was 10 my ambition in life was to get to be old enough that education was no longer compulsory so I could drop out. When I was 14 we moved to a much better school district. I have one bachelors, and two masters degrees in different subjects earned years apart. The last is a terminal degree. A...