Search found 1029 matches

by plake15
Tue Apr 28, 2009 12:18 am
Forum: Personal Investments
Topic: Is there a bond bubble?
Replies: 42
Views: 7947

What would prick the bubble, as I understand it, is if the Fed raises interest rates, or more likely, when the market anticipates that the Fed will begin raising. -------------------------------------------------------------------------------- Well rates have no place to go but up,they have hit rock...
by plake15
Thu Apr 23, 2009 9:13 pm
Forum: Investing - Theory, News & General
Topic: CBO projects no SS COLA 2010-2012
Replies: 26
Views: 4885

Although NY has a well-deserved reputation as a high tax state, it is, tax-wise, excellent for a retiree. As noted, SS is exempt, $20k per spouse can be withdrawn tax-free from retirement accounts, and any NYS agency pension is also non taxable. Well NY figures that working families who have a job/...
by plake15
Thu Apr 23, 2009 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: High taxes dont redistribute income,they redistribute people
Replies: 2
Views: 1203

High taxes dont redistribute income,they redistribute people

http://www.nypost.com/seven/04192009/postopinion/opedcolumnists/escape_from_new_york_165198.htm Pretty good article in NY post-Postscript about the latest Rich States,Poor states ALEC-Laffer economic competitiveness index. It's a NY paper and talks about NY alot,but this is really something that is ...
by plake15
Thu Apr 23, 2009 2:58 pm
Forum: Investing - Theory, News & General
Topic: S&P Active Funds Scorecard
Replies: 54
Views: 7541

The main reason why index funds beat active funds is expenses.The longer the time period,the more index funds do better.. From extensive studies I have done,index and active generally split returns fairly close down middle 50/50..roughly 50% of the time index funds beat active funds,it's the high fe...
by plake15
Thu Apr 23, 2009 1:40 pm
Forum: Investing - Theory, News & General
Topic: Commodities - yes or no
Replies: 71
Views: 11355

I would agree about the costs,but that might have been the case 10 years ago..but with ETF's etc..nowadays that is not longer the case.. You can get a fund which holds Gold Bullion for 0.40% like GLD..and something like RJI which holds 36 globally diversifed commodites for 0.75%..so you can have th...
by plake15
Thu Apr 23, 2009 12:32 pm
Forum: Investing - Theory, News & General
Topic: Commodities - yes or no
Replies: 71
Views: 11355

I would agree about the costs,but that might have been the case 10 years ago..but with ETF's etc..nowadays that is not longer the case.. You can get a fund which holds Gold Bullion for 0.40% like GLD..and something like RJI which holds 36 globally diversifed commodites for 0.75%..so you can have th...
by plake15
Thu Apr 23, 2009 12:04 pm
Forum: Investing - Theory, News & General
Topic: Commodities - yes or no
Replies: 71
Views: 11355

Henry Blodget interviews DFA's Ken French about Commodities (2008): http://www.americaninvestment.com/investor-resources/videos/28-dfas-ken-french-why-investors-shouldnt-own-commodities Ken French basically isn't too fond of investors investing in commodities. He knows a thing or two about commodit...
by plake15
Thu Apr 23, 2009 11:44 am
Forum: Investing - Theory, News & General
Topic: Commodities - yes or no
Replies: 71
Views: 11355

I have a 50/50 split between Rogers RJI-0.75% expense ratio(very diversifed mix of commodities.I like it even more than DJP-it's more globally diversifed)and GLD 0.40% expense ratio.. it makes up about 7% of my overall total portfolio..since 2000 it has been a positive on my portfolio.. Last year TI...
by plake15
Wed Apr 22, 2009 2:57 pm
Forum: Investing - Theory, News & General
Topic: Getting Smart About Annuities - WSJ
Replies: 61
Views: 12372

placing say half of that $600K in a SPIA could have sheltered part of those funds from the ravages of a 50% decline. So an SPIA could be seen as a tool for improving the survival of a nest egg during retirement. The same goal could be achieved with a combination of T-bills, TIPS and CDs and still h...
by plake15
Wed Apr 22, 2009 1:37 pm
Forum: Investing - Theory, News & General
Topic: CBO projects no SS COLA 2010-2012
Replies: 26
Views: 4885

0% inflation over the past 12 months means 0% inflation indexed protection..you can't give any inflation protection increase when there isn't any inflation.
by plake15
Wed Apr 22, 2009 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Employer switching from DB to DC pension plan
Replies: 9
Views: 2018

I would think in this day and age,an employer risks quite a bit of uproar from workers and unhappy workers announcing a switch like this..being what has happened in the market last 18 months..this decade etc.. less than 20% of the private sector now has defined benefit plans(down from 70% 20 years a...
by plake15
Wed Apr 22, 2009 11:02 am
Forum: Investing - Theory, News & General
Topic: Getting Smart About Annuities - WSJ
Replies: 61
Views: 12372

Keep in mind is that annuities and other LI contracts must be a lousy deal from an expected return perspective, because the insurance company has to cover expenses and make a profit. The only reason to own them is the chance you'll live longer than expected. Assuming the best (eg zero chance of def...
by plake15
Sat Apr 18, 2009 3:21 pm
Forum: Investing - Theory, News & General
Topic: Commodities vs T-bills, CDs as diversifiers
Replies: 31
Views: 3222

That is the benefit of doing our own number crunching rather than relying solely on reports issued by people who have a conflict of interest. Just curious. What conflict of interest? Most of studies that conclude commodities aid portfolio returns are done by people who either have developed a commo...
by plake15
Sat Apr 18, 2009 12:14 am
Forum: Investing - Theory, News & General
Topic: Commodities vs T-bills, CDs as diversifiers
Replies: 31
Views: 3222

Well your viewing commodites as one whole being...Gold(the actual bullion) is very negatively correlated to equities as we saw in 2008.Gold which is a commodity was up +5%..My commodity exposure is 50% GLD and 50% Rogers RJI(very diversifed mix of commodities) 2008 GLD + 5% RJI -41% my return -18% w...
by plake15
Fri Apr 17, 2009 1:53 pm
Forum: Investing - Theory, News & General
Topic: Should you have invested in bonds instead of stocks?
Replies: 52
Views: 8334

In Stocks for the Long Run, Jeremy Siegel finds that stocks have outperformed bonds and bills about 80% of the time over 10-year holding periods between 1802 and 2006. In 10-year periods between 1871 and 2006, stocks outperformed bonds and bills about 82% and 85% respectively. Interestingly, even ov...
by plake15
Thu Apr 16, 2009 6:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity launches a new Global Commodity Stock fund
Replies: 17
Views: 3185

It's way too correlated to equities and too expensive and you get plenty of those 3 areas(commodity producing equity companies) in the total stock market fund alone. Last year when the stock market fell -36%... Gold equity funds(producing companies) for example fell right along with it,but the actua...
by plake15
Thu Apr 16, 2009 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: How not to handle your 401k
Replies: 9
Views: 1979

Well she proboly missed the 25% gain in the market over the last 6 weeks..

She bought at the top and sold at the bottom..
by plake15
Thu Apr 16, 2009 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Foreclosures continuing spiking even with so much help
Replies: 8
Views: 2059

RealtyTrac reports record foreclosures in March RealtyTrac: www.marketwatch.com 4/16/09 Timeouts expire and foreclosures spike in March March had the greatest foreclosure activity RealtyTrac has seen since it started keeping track in 2005, and "we think, in fact, the foreclosure moratoria that we'd ...
by plake15
Wed Apr 15, 2009 11:44 pm
Forum: Investing - Theory, News & General
Topic: Should you have invested in bonds instead of stocks?
Replies: 52
Views: 8334

TSM - Total Stock Market Index ST Bonds - Treasury 1-2 year Short Term Bonds LT Bonds - Treasury 20+ year Long Term Bonds Gold - Gold Bullion http://crawlingroad.com/blog/2008/12/22/permanent-portfolio-historical-returns/ Ann. Avg. since 1972 TSM = 11.1 ST Bonds = 7.7 LT Bonds = 9.6 Gold = 11.9 If y...
by plake15
Wed Apr 15, 2009 2:15 pm
Forum: Investing - Theory, News & General
Topic: Jimmy Carter and REITs
Replies: 8
Views: 2108

Re: Jimmy Carter and REITs

I think you are trying to draw a linkage between the Carter and the current administrations. If so, keep in mind that Carter assumed office in 1977, and inflation had already started in 1973 with the energy crisis. Inflation returned to 1973-74 levels in 1978-79, but don't forget that Volcker was a...
by plake15
Mon Apr 13, 2009 11:57 pm
Forum: Investing - Theory, News & General
Topic: Survey - 40 Percent of US Firms Freezing Pay
Replies: 66
Views: 8743

Posted: Sat Apr 11, 2009 11:50 pm Post subject: -------------------------------------------------------------------------------- All these billions in housing market bailouts and mortgages refinace programs,and all that has been done to try to stabalize housing market,this is about the single worst ...
by plake15
Sun Apr 12, 2009 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: FIOS is starting to look really good right now.
Replies: 22
Views: 5337

I have seen nothing but Incredible and outstanding for the TV and blazing fast internet service over and over when I read reviews,but the customer service always get below average rstings.
by plake15
Sat Apr 11, 2009 10:50 pm
Forum: Investing - Theory, News & General
Topic: Survey - 40 Percent of US Firms Freezing Pay
Replies: 66
Views: 8743

I can understand why financially troubled firms are doing this. I don't blame them, they have to do what is necessary to survive. But to see companies like my employer freezing pay and laying people off makes me annoyed. -------------------------------------------------------------------------------...
by plake15
Sat Apr 11, 2009 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating sale prices on a house
Replies: 29
Views: 5797

Research, Research, Research 1) Know the comps for the neighborhood, with a focus on recent transactions. IMHO, having a comp/data to support your bid of X can help when the seller wants Y... -------------------------------------------------------------------------------- That to me is huge..real es...
by plake15
Sat Apr 11, 2009 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

On the other hand, it's possible that the senior in the $1.8M house is house poor. Therefore, it might be more equitable for the jurisdiction to collect a portion of the school revenue through property taxes and a portion through income taxes. --------------------------------------------------------...
by plake15
Thu Apr 09, 2009 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: NYT: Recession anxiety is pervasive
Replies: 9
Views: 2186

You have to be careful when reading the NYTimes. First, the reporters don't believe that a world exists outside of New York City. Second, they believe everybody pays $4000 month for a 200 square foot apartment. Third, NY is the financial center of the world and lots of folks are hurting on Wall Str...
by plake15
Thu Apr 09, 2009 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Well Fargo big profit due to refinancing surge..but..
Replies: 2
Views: 1068

Well Fargo big profit due to refinancing surge..but..

http://finance.yahoo.com/loans/article/106893/Wells-Cashes-in-on-Mortgage-Boom The big bank's fat first quarter is the result of a federally backed mortgage-refinancing surge. Having people lock in 4-3/4% rates on 30 year fixed mortgage rates is nice for immediate surge in profits,but what happens i...
by plake15
Thu Apr 09, 2009 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

Leaving aside issues of equity, it really sucks to have this sprung on you all at once. Oh, and there's a great line from the school district's superintendent: "These decisions were made by the state of New Jersey, in its ever-increasing wisdom, to improve the life of its citizenry," he said. "They...
by plake15
Thu Apr 09, 2009 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

Re: Small NJ town faces 500% property increase,$1K a month j

Loch Arbour is a small New Jersey shore town/village that is primarily retired/senior citizens,the governors signed Reform act changed the formula so it's based solely on equalized assessed valuation on July 1, 2009. Numerous letters have been written by residents of the town,with the only answer b...
by plake15
Wed Apr 08, 2009 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Guarantee Issues
Replies: 11
Views: 1717

States and the insurance companies themselves are required by law to have numerous protections to protect Life insurance policy holders,annuties holders etc.. Companies by law are required to have enough cash on hand to meet all future obligations,and the state in addition has a “Guaranty Fund” regu...
by plake15
Wed Apr 08, 2009 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

One thing over the last several years we have had is a push,louder and louder push and protests to abolish school property taxes completely,not just in one state,but many,Florida,Georiga,Pennsylanvia etc.. Your first post is a complaint about a reform that made the property taxes fairer. I agree th...
by plake15
Wed Apr 08, 2009 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

One thing over the last several years we have had is a push,louder and louder push and protests to abolish school property taxes completely,not just in one state,but many,Florida,Georiga,Pennsylanvia etc.. Eventually when you keep pushing ,and states begin to vote lawmakers out cause they don't list...
by plake15
Tue Apr 07, 2009 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Low Home Appraisal
Replies: 10
Views: 3412

Unfortunately, asking prices of homes on the market mean nothing for appraisals. They can only use actual sales, and if there aren't any in your neighborhood it can be tough. If you stand to save a lot of money if this refinancing goes through, you might consider paying for another appraisal and wo...
by plake15
Tue Apr 07, 2009 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Guarantee Issues
Replies: 11
Views: 1717

States and the insurance companies themselves are required by law to have numerous protections to protect Life insurance policy holders,annuties holders etc.. Companies by law are required to have enough cash on hand to meet all future obligations,and the state in addition has a “Guaranty Fund” regu...
by plake15
Tue Apr 07, 2009 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

I lived in NJ for over ten years prior to moving to Texas 20+ years ago and I recall that those folks really like to tax their citizens. Looks like I got out in time. This really doesn't have to do with New Jersey as much it does with the whole system of how school property taxes are assessed and c...
by plake15
Tue Apr 07, 2009 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Small NJ town faces 500% property increase,$1K a month jump
Replies: 61
Views: 9851

Small NJ town faces 500% property increase,$1K a month jump

Loch Arbour is a small New Jersey shore town/village that is primarily retired/senior citizens,the governors signed Reform act changed the formula so it's based solely on equalized assessed valuation on July 1, 2009. Numerous letters have been written by residents of the town,with the only answer be...
by plake15
Mon Apr 06, 2009 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ripped off by Dollar Savings Direct
Replies: 14
Views: 4050

Re: Ripped off by Dollar Savings Direct

I transferred all the balance out of Dollar Savings Direct (DSD) at the end of March since savings rate is quite low. Now I realized that I will lose all my accrued interest for March because of this fine-printed term. What a rip-off! Be aware of these tricks! :evil: ///////////////////////////////...
by plake15
Mon Apr 06, 2009 11:23 pm
Forum: Investing - Theory, News & General
Topic: Is the stock market cheap?
Replies: 18
Views: 3384

The Dow Jones is at the same place it was in 1998...at 8,000..

does cheap mean the same level as 11 years ago? who knows..
by plake15
Sun Apr 05, 2009 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or not?
Replies: 20
Views: 4681

Their is just a completely different feel walking into a house that paid off,it's just this sense of peace and calm and of this huge umbilical cord cut,It's hard to explain unless you actually have the house paid off and walk into the house and feel it every day :)
by plake15
Wed Apr 01, 2009 6:24 pm
Forum: Investing - Theory, News & General
Topic: PBGC sacrificed to cult of equities
Replies: 7
Views: 1771

I actually like the new shift...all they really did was cut down,shift out of of long term treasury bonds(good move I think) and into some international equity funds,emerging market equity funds,some TIPS etc..
by plake15
Wed Apr 01, 2009 3:44 pm
Forum: Investing - Theory, News & General
Topic: CCFs - Expected Returns (for Larry Swedroe)
Replies: 11
Views: 2633

Commodities is one of things that the fundamentals from 50 years ago have to be somewhat different than today.. the amount of oil has been stuck now at about 85 billion barrels a day for about 4 years..yet emerging markets,China,India continue to need more. the world population over the next 20 year...
by plake15
Wed Apr 01, 2009 3:33 pm
Forum: Investing - Theory, News & General
Topic: Bank cancels foreclosure; owner still on the hook
Replies: 19
Views: 3424

Beagler wrote:Back when I bought my house you needed PMI. Those were the days when you actually had to put down 10-20% to qualify for a mtg. :)
Those days are back....and I don't they will be leaving us anytime soon..
by plake15
Wed Apr 01, 2009 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Foreclosures continuing spiking even with so much help
Replies: 8
Views: 2059

I can't see any other reason with the massive amount of programs and help available that we would continue to have such big spiking in homes being foreclosed on. This little economic downturn might count as such a reason :lol:. But with the massive amount of foreclosure help and programs..google fo...
by plake15
Wed Apr 01, 2009 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Foreclosures continuing spiking even with so much help
Replies: 8
Views: 2059

Foreclosures continuing spiking even with so much help

http://money.cnn.com/2009/03/30/real_estate/February_Hope_Now/index.htm?postversion=2009033109 Lenders have helped an increasing number of mortgage borrowers to get current on payments and stay in their homes, but the tide of foreclosures is still rising. The amoumt of programs and foreclosure help ...
by plake15
Wed Apr 01, 2009 1:27 pm
Forum: Investing - Theory, News & General
Topic: Bank cancels foreclosure; owner still on the hook
Replies: 19
Views: 3424

Much of the current crisis is, philosophically, puzzling; you can't figure out whether anything real was lost, or whether people simply woke up from a dream of imaginary valuations. But when houses are vacated and vandalized due to gross mismanagement of the mortgage crisis, real housing is really ...
by plake15
Wed Apr 01, 2009 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: GM retiree benefits question
Replies: 7
Views: 1582

Grandpa was hourly, not salaried -- so I'm thinking union. ----------------------------------------------------------------- If he retired union,then he has all kinds of protections and laws built in, binding contract etc..,which courts are extremely protective of,if he retired under non-union,then ...
by plake15
Mon Mar 30, 2009 4:31 pm
Forum: Investing - Theory, News & General
Topic: The fall of housing prices
Replies: 55
Views: 8606

http://money.cnn.com/2009/03/30/real_estate/February_Hope_Now/index.htm?postversion=2009033013 in spite of foreclosure efforts, the number of foreclosures started in February rose to 243,000 from 217,000 in January. About 87,000 homes were repossessed by banks during February, a 28% jump from the 68...
by plake15
Mon Mar 30, 2009 4:10 pm
Forum: Investing - Theory, News & General
Topic: PBGC - bonds to stocks in 2008
Replies: 15
Views: 2354

Re: PBGC - bonds to stocks in 2008

http://tpmmuckraker.talkingpointsmemo.com/2009/03/genius_federal_pension_guarantor_switched_from_bon.php "This could be huge," Zvi Bodie, a finance professor who in 2002 advised the agency to rely on bonds, told the Globe. "This has the potential to be another several hundred billion dollars." And ...
by plake15
Mon Mar 30, 2009 4:00 pm
Forum: Investing - Theory, News & General
Topic: PBGC - bonds to stocks in 2008
Replies: 15
Views: 2354

GM's pension plan I remember reading has been very well run,and I think they said they had enough to cover payouts for an estimate of around 80 years..somewhere in that range I remember reading..
by plake15
Mon Mar 30, 2009 3:36 pm
Forum: Investing - Theory, News & General
Topic: The fall of housing prices
Replies: 55
Views: 8606

I am not seriously proposing we haven't been in a bubble, or that we don't have further to fall, BUT a rational argument could be made for various interpretations of existing data, i.e.: http://i43.tinypic.com/a1hj51.jpg 1. The market established the value of a home -- first long red line. 2. globa...