Search found 6562 matches

by Phineas J. Whoopee
Fri Nov 17, 2017 12:22 am
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3227

Re: The World's Negative Interest Rate Experiment

The SEC yield on the Vanguard Short-term TIPs index fund is negative at the moment: https://personal.vanguard.com/us/funds/snapshot?FundId=1967&FundIntExt=INT Admiral shares or ETF are 9 basis points higher. Let's please keep in mind the way Vanguard calculates TIPS fund SEC yields, a method the SE...
by Phineas J. Whoopee
Thu Nov 16, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 90
Views: 3314

Re: Where did you first learn about investing?

Where did I first learn? From my father, who explained, complete with an anecdote, never to invest because that's the way them rich people get rich. It's by stealing from we poor people.

Fortunately for me I thought about it some more later.

PJW
by Phineas J. Whoopee
Thu Nov 16, 2017 8:56 pm
Forum: Investing - Theory, News & General
Topic: The World's Negative Interest Rate Experiment
Replies: 34
Views: 3227

Re: The World's Negative Interest Rate Experiment

Negative central bank policy rates are mostly applied to bank reserves kept on deposit with them in excess of what regulations require . Other than those, bond yields are set by continuous, ongoing auctions. Nobody buys a bond with a yield to maturity , YTM, lower than they will accept, even if it's...
by Phineas J. Whoopee
Thu Nov 16, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 724

Re: Info on NY State's Essential health care plan?

... After doing a bit of online research I can confirm that the NY Essential Plans have rolling sign-up periods. In addition, if I don't like like my provider I can switch to another provider at any time. So it appears that they have Medicaid-style sign-up rules. It looks like what you wrote is tru...
by Phineas J. Whoopee
Thu Nov 16, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 724

Re: Info on NY State's Essential health care plan?

... Yes, I can just get an off-exchange policy. But my COBRA cost is currently $11,000 in annual premiums. Presumably any similar post-COBRA off-exchange plan would also be quite costly. However, the Essential Plan would be $20 per month! It is an enormous cost difference. In NY State, if you are f...
by Phineas J. Whoopee
Wed Nov 15, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 724

Re: Info on NY State's Essential health care plan?

In New York State one is not required to use the Essential Plan , one of two examples of a Basic Health Program as authorized under the Patient Protection and Affordable Care Act (the other is in Minnesota ). You can always opt to buy health insurance off-exchange. You can even buy it on-exchange wi...
by Phineas J. Whoopee
Wed Nov 15, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: Age in bonds, tax-sheltered options
Replies: 8
Views: 918

Re: Age in bonds, tax-sheltered options

... 42% of Vanguard total bond is Treasuries so it would be a good idea for even the lazy investor to go look at what is in that fund to start with. Also 5.6% foreign bonds I notice. Those are Yankee Bonds , which are issued in the US, under US law, in US dollars, and trade in US markets , by US br...
by Phineas J. Whoopee
Sun Nov 12, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: Are we headed for a crash or...
Replies: 19
Views: 1802

Re: Are we headed for a crash or...

We are always headed for a crash. We just don't know by how much, nor how far in the future. Crashes have happened and will again. It's best to design a portfolio and investment policy with that fact in mind. We are also always headed for a lesser downturn, and headed for gains. How much? When? Don'...
by Phineas J. Whoopee
Sun Nov 12, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10699

Re: The average American retiree household

... They would probably have to spend several hundred dollars a month for taxes, insurance, and maintenance if they still owned their house. Obviously these expenses do not apply to renters , so the net result is that they would still save that money even if they spent the whole $900 on rent. Unles...
by Phineas J. Whoopee
Mon Nov 06, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3956

Re: Did I earn an extra hour of interest last night?

... But if it didn't stop right at 2:00 AM, it would have to stop anyway when it reached the next station. If it arrived at a station at 1:15 EST for a scheduled 2:15 departure, it would wait in the station to avoid leaving an hour ahead of schedule. Indeed, that's one thing I learned in my travels...
by Phineas J. Whoopee
Sun Nov 05, 2017 8:11 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3956

Re: Did I earn an extra hour of interest last night?

... Yes, you get paid for another hour in the fall and one hour less in the Spring if you're working the overnight shift. Physicians without their own practices aren't even on salary? Do you have to go on strike to demand time and a half, and at least an eight-hour break between working hours (if n...
by Phineas J. Whoopee
Sun Nov 05, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3956

Re: Did I earn an extra hour of interest last night?

We individuals, most of us anyway, are credited interest by the day or longer, so no to what may have been a tongue-in-cheek question. There exist institutions, perhaps mostly foreign and ex-US branches of US firms (my direct knowledge is from continental Europe), which invest enormous amounts and i...
by Phineas J. Whoopee
Sun Nov 05, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2626

Re: Have TIPS truly been tested yet?

... Thank you. I’m still not perfectly clear on the story with taxable accounts. Let’s say I want to build a full portfolio in my taxable account. I would like to combine a muni bond fund, a treasury bond fund, and a TIPS fund. Am I at a strong disadvantage tax-wise with the TIPS fund? Or is that o...
by Phineas J. Whoopee
Sun Nov 05, 2017 3:31 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2626

Re: Have TIPS truly been tested yet?

Can somebody help me understand TIPS and taxes? I have always heard to not buy TIPS in a taxable account. However, buying a TIPS Fund in a taxable account seems perfectly fine. It is only when you buy individual TIPS that becomes an issue with taxes . Is this correct? It depends on what you're thin...
by Phineas J. Whoopee
Sat Nov 04, 2017 10:59 pm
Forum: Investing - Theory, News & General
Topic: "What's Your Uncertainty/Humility Score?"
Replies: 17
Views: 2452

Re: "What's Your Uncertainty/Humility Score?"

I stand with Benjamin Franklin.

Like him, if ever I achieve humility I'll probably be proud of it, so there's no point.

PJW
by Phineas J. Whoopee
Sat Nov 04, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2626

Re: Have TIPS truly been tested yet?

... It would probably be a fair to say that CPI has reasonably measured the change in my non-housing costs, so if past 20 years had been retirement rather than accumulation ones, my housing costs would have been adequately hedged by owning my home, a CPI-linked investment could have worked to cover...
by Phineas J. Whoopee
Sat Nov 04, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: My (general) contacts with Treasury Direct re loss & liability
Replies: 37
Views: 4552

Re: My (general) contacts with Treasury Direct re loss & liability

... I've assumed that the best protection you have with Treasury Direct is that a link to a bank account can only be made by submitting a form with a medallion signature guarantee. ... I'm afraid that's no longer the case. Today you can simply add a bank account, with identical registration of cour...
by Phineas J. Whoopee
Sat Nov 04, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: My (general) contacts with Treasury Direct re loss & liability
Replies: 37
Views: 4552

Re: My (general) contacts with Treasury Direct re loss & liability

What are the alternatives for my electronic I-bonds to keeping them at TreasuryDirect? Five minutes on the wiki and a search engine indicates that the only alternative is to sell them. Correct? Yes, that's correct. Savings bonds can only be held directly with the treasury, and can't be held via any...
by Phineas J. Whoopee
Sat Nov 04, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2626

Re: Have TIPS truly been tested yet?

... Leebros63 has identified a key flaw with TIPS . It's an exceptional instrument and should dominate in bond portfolios over straight bonds BUT: - I have been put off by the low expected yields (UK Indexed Linked Gilts are much worse) - they have proven to be very volatile and not as well correla...
by Phineas J. Whoopee
Sat Nov 04, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: My (general) contacts with Treasury Direct re loss & liability
Replies: 37
Views: 4552

Re: My (general) contacts with Treasury Direct re loss & liability

Thanks for sharing. This is pretty scary, especially since the TD site uses that stupid click-keyboard to log in and it's difficult to use a long, random password. ... That stupid click-keyboard prevents keyloggers, should you be infected with one, from learning your password. Some years ago there ...
by Phineas J. Whoopee
Fri Nov 03, 2017 6:04 pm
Forum: Investing - Theory, News & General
Topic: My (general) contacts with Treasury Direct re loss & liability
Replies: 37
Views: 4552

Re: My (general) contacts with Treasury Direct re loss & liability

... I've assumed that the best protection you have with Treasury Direct is that a link to a bank account can only be made by submitting a form with a medallion signature guarantee. ... I'm afraid that's no longer the case. Today you can simply add a bank account, with identical registration of cour...
by Phineas J. Whoopee
Fri Nov 03, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2626

Re: Have TIPS truly been tested yet?

... This isn't really correct. They were created in 1981. In 1981 inflation was 11.9%. In 1982 it was 8.6%. In 1990 it was 9.5%. ... I realize later in your post you referred to others, but OP's question was about TIPS specifically. TIPS were first issued in 1997. UK inflation-linked gilts were ind...
by Phineas J. Whoopee
Fri Nov 03, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: two step verification for account access
Replies: 15
Views: 1187

Re: two step verification for account access

A secret question is not a second factor. Types of factors are something you know (password), something you have (a token, a phone, an email account) or something you are (fingerprint, retina, face). Two factor includes two of those, with no more than one of each type. The State of New York has ena...
by Phineas J. Whoopee
Fri Nov 03, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Question about multi-tiered emergency fund
Replies: 6
Views: 733

Re: Question about multi-tiered emergency fund

In case it isn't intuitively obvious to OP, and by the way welcome, when writing "I Bonds" posters are referring to Series I Savings Bonds.
PJW
by Phineas J. Whoopee
Fri Nov 03, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: How has your AA philosophy changed over the years?
Replies: 45
Views: 3563

Re: How has your AA philosophy changed over the years?

Here's what I did , and a couple of years later I answered some questions about it . For most investors I think an age-based asset allocation approach will be far more practical, but certainly any carefully considered allocation is likely to be better than the random ones OP's accountant referred t...
by Phineas J. Whoopee
Thu Nov 02, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Medical HMO out of pocket maximum
Replies: 24
Views: 1286

Re: Medical HMO out of pocket maximum

OP, I don't know what the documents for your available plans say, but I can tell you what my plan says, and there is no general provision for out-of-network providers. An emergency is covered anywhere in the US at any facility, including ambulance transportation if it seems advisable at the time. I ...
by Phineas J. Whoopee
Wed Nov 01, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 1808

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

Neil Cavuto had Robert Prechter on Fox Business today (yeah, I know, "financial porn"). Anyway, he's predicting a big recession using his Elliott Wave theory. Quoting him, "The market is registering a major peak right now, Prechter said -- which means the economy may be entering a bear market simil...
by Phineas J. Whoopee
Wed Nov 01, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth fund choices
Replies: 8
Views: 599

Re: Roth fund choices

In my Roth IRA I hold what's convenient to maintain my asset allocation. I don't bother to tax adjust, because tax-deferred accounts contain the great majority of my assets. The adjustment would result in very little change, and would be insignificant next to normal portfolio value fluctuations.
PJW
by Phineas J. Whoopee
Sun Oct 29, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Timing with Total Stock Market ETF
Replies: 21
Views: 1587

Re: Timing with Total Stock Market ETF

... I can't believe a genius mind/statistician has not tried to exploit up and down market swings to his or her advantage. What is the informed consensus here? Timing doesn't work period. No matter which way?? Many very fine genius minds/statisticians have tried to do that. If any have succeeded, a...
by Phineas J. Whoopee
Sat Oct 28, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Timing with Total Stock Market ETF
Replies: 21
Views: 1587

Re: Timing with Total Stock Market ETF

A snarky answer would be may I subscribe to your newsletter ? Here's the serious answer: You can, of course, do what you wish with your own resources, but when you are buying, you're buying from someone else who has reason to sell, and it's probably a large institutional investor because they trade ...
by Phineas J. Whoopee
Sat Oct 28, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa Card
Replies: 17
Views: 1570

Re: Fidelity Rewards Visa Card

Vanguard Fan 1367 wrote:
Sat Oct 28, 2017 5:38 pm
I like the Fidelity Card. I spend enough money that the 2 percent adds up. :beer
I spend little enough money that the 98% adds up. :wink:
PJW
by Phineas J. Whoopee
Sat Oct 28, 2017 5:58 pm
Forum: Investing - Theory, News & General
Topic: A question about Vanguard Total Stock fund VTSMX
Replies: 3
Views: 637

Re: A question about Vanguard Total Stock fund VTSMX

If I may be permitted to write at a level of detail between the many links and the two red-colored words: Vanguard's Total Stock Market Index Fund , VTSMX, like many index funds holds the corporations at market weight, that is to say, the greater the total worth of the company (price times the numbe...
by Phineas J. Whoopee
Sat Oct 28, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: SWR with a real return of 1.6%
Replies: 45
Views: 3791

Re: SWR with a real return of 1.6%

... Safe and perpetual withdrawal rate calculators (like this one: https://portfoliocharts.com/portfolio/withdrawal-rates/ ) show that taking some risk in stock/bond allocations increases the %s you can safely withdraw, i.e., the more you earn on the nest egg the more you can spend. ... The study t...
by Phineas J. Whoopee
Sat Oct 28, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa Card
Replies: 17
Views: 1570

Re: Fidelity Rewards Visa Card

As a discount, it's only applicable in two tax situations: 1) You buy a non-personal capital good and sell it later. Your cost basis is reduced by the amount of the discount; and 2) You buy something that is tax deductible, like going over 10% of Adjusted Gross Income buying deductible durable medic...
by Phineas J. Whoopee
Fri Oct 27, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Limit on carrying physical cash during domestic US flights
Replies: 35
Views: 3314

Re: Limit on carrying physical cash during domestic US flights

Are travelers cheques still a thing? If so, might that be an option? They count the same as cash. That doesn't mean they're illegal. It does mean that if one is carrying enough of them one is vulnerable. That, I believe, is the consensus in this thread. It's legal, but leaves one vulnerable. One ha...
by Phineas J. Whoopee
Fri Oct 27, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14543

Re: 2018 ACA rates now live....

... Has anyone applied on exchange but not take the subsidy until they did their taxes? If I may, one can claim the Premium Tax Credit at tax-filing time, but only if one bought the policy on the exchange (regardless of whose IT department runs it). The off-exchange individual market is regulated i...
by Phineas J. Whoopee
Fri Oct 27, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Reuters: U.S. SEC close to forming group to scrutinize the bond market
Replies: 2
Views: 484

Re: Reuters: U.S. SEC close to forming group to scrutinize the bond market

Mortgage-backed securities definitely, but I believe the derivatives market, which includes the credit default swaps you asked about, is separately regulated by the CFTC for some contracts, and the SEC for others. The Options Price Reporting Authority also plays a role, as does FINRA . I would be su...
by Phineas J. Whoopee
Fri Oct 27, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Reuters: U.S. SEC close to forming group to scrutinize the bond market
Replies: 2
Views: 484

Reuters: U.S. SEC close to forming group to scrutinize the bond market

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has taken the first step in formally establishing an advisory committee to scrutinize the rules of the fixed income market and advise on potential reforms, according to a regulatory filing. ... Per the article, potential areas of inqu...
by Phineas J. Whoopee
Fri Oct 27, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14543

Re: 2018 ACA rates now live....

knpstr wrote:
Fri Oct 27, 2017 1:19 pm
...
It's AGI but you add back any tax-exempt income that wasn't counted.
Here's a complete list.

PJW
by Phineas J. Whoopee
Fri Oct 27, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14543

Re: 2018 ACA rates now live....

Health insurance is regulated by states, regardless of whose IT department runs their exchanges. They took several different approaches to the possibility that the Cost Sharing Reduction reimbursements would end. Here's a link to a spreadsheet showing what each state planned. Here's a link to the fo...
by Phineas J. Whoopee
Fri Oct 27, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Limit on carrying physical cash during domestic US flights
Replies: 35
Views: 3314

Re: Limit on carrying physical cash during domestic US flights

Airsafe.com says there is not , but gives some practical tips. I know there was a restriction on exporting one- and five-cent coins, as well as on melting them. It may or may not still be in effect. Frankly I'd prefer not to lug hundreds of pounds of them to some foreign land, so it won't disturb an...
by Phineas J. Whoopee
Thu Oct 26, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5557

Re: Index investing is boring

For excitement, simply take more risk. It also will reduce the chance of you outliving your financial resources.

I don't mean take more investing risk. I mean things like B.A.S.E. jumping, K2 climbing, and tornado chasing. That sort of stuff. It will help with both issues.

PJW
by Phineas J. Whoopee
Thu Oct 26, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: What is the best thing to use to hang pictures?
Replies: 34
Views: 2358

Re: What is the best thing to use to hang pictures?

I like these hangers. They work well, there is no drilling just a hammer so easier to clean up when the picture is removed, and they have models designed for different weights. http://www.ooks.com/index.html http://picturehangers.ooks.com/Asset/50026.jpg I agree, and these are what I used one summe...
by Phineas J. Whoopee
Thu Oct 26, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 64
Views: 8592

Re: All in VANGUARD is that ok??

You're correct, jalbert, about better or worse implementations of two-factor authentication, but it still is two-factor if it includes any two of something you know, something you have, and something you are.

Two-factor /= perfect.

PJW
by Phineas J. Whoopee
Thu Oct 26, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 64
Views: 8592

Re: All in VANGUARD is that ok??

... adviser suggested I move it all into Vanguard to better manage ..low fees good reputation ... Barb, I did just this. I am 70. All in one brokerage. I chose Vanguard, but there are several companies that are good. You can also look up and compare funds at Yahoo Finance, read some articles. The f...
by Phineas J. Whoopee
Thu Oct 26, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 64
Views: 8592

Re: All in VANGUARD is that ok??

... Edit: Also, if you turn on Vanguard's two factor verification, every single time you login it will ask you if it can turn it off, or if you are at a public computer. I wish they wouldn't do this. I always click on "I'm on a public computer", even if I'm on my own computer. I've seen how easy it...
by Phineas J. Whoopee
Mon Oct 23, 2017 5:44 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 3802

Re: Has the general public ever been correct about market crashes?

BenfromToronto wrote:
Sun Oct 22, 2017 5:35 pm
If we all agree that one cannot predict the market, why do we keep trying doing it?
...
We don't. We know better. Welcome to bogleheads.org, where we don't do that.
PJW
by Phineas J. Whoopee
Sun Oct 22, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 3802

Re: Has the general public ever been correct about market crashes?

BenfromToronto wrote:
Sun Oct 22, 2017 5:35 pm
...
What do you think?
I think it would be better, in terms of forum organization, if you limited your question, and everybody else limited their answers, to the (so far 24-reply, not including your own) thread you referred to that you already started.
PJW