Search found 1965 matches

by SoonerSunDevil
Wed May 13, 2009 7:41 pm
Forum: Personal Consumer Issues
Topic: Is this legit?
Replies: 22
Views: 3283

Correct - the sales rep told me that DN changed it's pricing as of Feb, and that my contract clearly (?) specified that they had the right to raise the rate at any time. I believe we signed up last April, and there was no mention of a teaser rate - that's the only reason I was willing to commit to ...
by SoonerSunDevil
Wed May 13, 2009 7:05 pm
Forum: Personal Consumer Issues
Topic: Is this legit?
Replies: 22
Views: 3283

I was responding to the person's original post which states. "About a year ago we signed up with Dish Network on a 2 year contract ." [my emphasis added] I know a freeby is not a contract but it's presence may have affected the terms of the contract. A lower initial rate may well have bee...
by SoonerSunDevil
Wed May 13, 2009 4:52 pm
Forum: Forum Issues and Administration
Topic: The +1 mental disease is spreading
Replies: 55
Views: 10761

"+1" posts without any additional comments are stupid: they are a waste of bandwidth and people's time. If moderators notice them, they may delete them at their discretion without notice. So you'd rather posters who totally agree with a post say "Excellent point JackBogleFan123, I co...
by SoonerSunDevil
Wed May 13, 2009 2:03 pm
Forum: Personal Consumer Issues
Topic: Is this legit?
Replies: 22
Views: 3283

You're stuck with whatever the contract says. If it says they can raise rates with proper notice but you can't cancel during the term, that's what will happen. That doesn't seem fair me, but a contract is a contract. Did you get a lower intital rate or some freeby because you signed up for two year...
by SoonerSunDevil
Tue May 12, 2009 4:19 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Medicare Funds Worsen in Recession
Replies: 1
Views: 873

Social Security and Medicare Funds Worsen in Recession

m The financial health of Social Security and Medicare, the two main safety nets for American retirees and the elderly, is declining as the recession cuts payroll-tax contributions just as the baby-boom generation begins to retire. The Social Security trust fund will run out of assets in 2037, four ...
by SoonerSunDevil
Tue May 12, 2009 2:54 pm
Forum: Investing - Theory, News & General
Topic: General Motors offer to bondholders
Replies: 71
Views: 8137

Jack wrote:As stated before, junior creditors can take a higher priority if they are contributing to the reorganized enterprise. That is not unprecedented.


Hi Jack,

If this isn't unprecedented, could you please tell us when and what established the precedent?
by SoonerSunDevil
Tue May 12, 2009 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card 3% cashback no more
Replies: 280
Views: 303860

I still have the 5% back on gas, grocery, drug stores, and 1% back on everything else from Chase. I hate Chase and can't wait to cut all ties with them, but this card is too good not to use for a few purchases. I will never pay an annual fee for a credit card, so if anyone tries to institute this, I...
by SoonerSunDevil
Tue May 12, 2009 1:33 am
Forum: Local Chapters and Bogleheads Community
Topic: Tulsa Local Chapter?
Replies: 24
Views: 5945

I miss Oklahoma :(
by SoonerSunDevil
Mon May 11, 2009 9:03 pm
Forum: Investing - Theory, News & General
Topic: General Motors offer to bondholders
Replies: 71
Views: 8137

Re: General Motors offer to bondholders

but it is still a fairly sad day for property rights and rule of law. Good day for UAW union workers though. Funny this topic of property rights came up; we just had a discussion about this in my property class. If this isn't the definition of a regulatory taking by the government, I don't know wha...
by SoonerSunDevil
Sun May 10, 2009 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 82
Views: 12777

how would you like a 25% wage garnishment for the rest of your life? That's why God created bankruptcy courts. Or maybe that was Congress, I forget. I think the basic point about umbrella insurance is this, if you have a decent to significant amount of assets you need to protect them. If you have $...
by SoonerSunDevil
Sun May 10, 2009 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 82
Views: 12777

I find it hilarious that most people only carry the minimum required liability coverage on their autos, yet buy comprehensive/collision to cover the value of the $10K car. The real financial catastrophe is in disabling a neurosurgeon fresh out of residency in a car wreck that is your fault. Even on...
by SoonerSunDevil
Sun May 10, 2009 2:39 pm
Forum: Investing - Theory, News & General
Topic: anybody still want to talk about the Japan analogy?
Replies: 60
Views: 8156

Hi Value, Sooner was referring to me as the troll because I wrote a post implying that the government was doing harm as long as it remains an interloper in private enterprise. However, I do indeed recognize that at critical times government intervention was the lessor of the two evils as far as the...
by SoonerSunDevil
Sat May 09, 2009 2:12 pm
Forum: Investing - Theory, News & General
Topic: anybody still want to talk about the Japan analogy?
Replies: 60
Views: 8156

saurabhec wrote:That said, I would rather be lucky than smart.


Amen!
by SoonerSunDevil
Sat May 09, 2009 11:24 am
Forum: Investing - Theory, News & General
Topic: anybody still want to talk about the Japan analogy?
Replies: 60
Views: 8156

Re: Zombie Banks

You were well compensated for a high risk transaction. The outcome doesn't necessarily validate the strategy, although it does appear that JPM and WFC have been well positioned to weather this storm. Your move is not dissimilar from value investing pros that were hammered during this bear market (B...
by SoonerSunDevil
Sat May 09, 2009 11:17 am
Forum: Investing - Theory, News & General
Topic: anybody still want to talk about the Japan analogy?
Replies: 60
Views: 8156

Anyone want to tell me I was right about buying a ton of shares in BAC, JPM, and WFC? If I hear the term zombie bank one more time... Congratulations, it seems that buying the banks this spring was a good move. However buying them last summer was not. Very true, I was definitely a little too early ...
by SoonerSunDevil
Fri May 08, 2009 9:41 pm
Forum: Investing - Theory, News & General
Topic: anybody still want to talk about the Japan analogy?
Replies: 60
Views: 8156

Anyone want to tell me I was right about buying a ton of shares in BAC, JPM, and WFC? :D

If I hear the term zombie bank one more time... :evil: :evil: :evil:
by SoonerSunDevil
Thu May 07, 2009 4:56 pm
Forum: Investing - Theory, News & General
Topic: Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says
Replies: 47
Views: 6999

Who cares what Taleb or Roubini or anyone else has to say?

Didn't Taleb's hedge fund blow-up because he bet on a black swan and no black swan occurred? Is that a black swan?

Roubini... what a media whore.
by SoonerSunDevil
Thu May 07, 2009 3:48 pm
Forum: Investing - Theory, News & General
Topic: Ouch! Bad SCZ buy
Replies: 14
Views: 2247

Re: Ouch! Bad SCZ buy

Another case of keyboard incompetence? Taken to the cleaners using market orders? I have no idea what caused the price swing, but it happens from time to time. I don't know if it's a glitch or what, but this just gives me another reason to use limit orders and limit orders only, especially for stoc...
by SoonerSunDevil
Thu May 07, 2009 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Does America need a new retirement system?
Replies: 68
Views: 8158

On the welfare state there hasn't been a significant expansion of same since the late 1960s I don't think. With one exception: Schedule D Medicare (the pharmaceutical drug benefit). The bank and auto company rescues are just that. The US government will try to exit those industries as quickly as po...
by SoonerSunDevil
Thu May 07, 2009 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Does America need a new retirement system?
Replies: 68
Views: 8158

mikem wrote:Which begs the question...

Would the general retired population have taken more personal responsibility for their futures had Social Security not existed?

I think many just assume that SS/Medicare will take care of them so no planning/saving required.


Bingo.
by SoonerSunDevil
Thu May 07, 2009 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Does America need a new retirement system?
Replies: 68
Views: 8158

jegallup wrote:Is there anyone around who still thinks privatizing Social Security would've been a good idea?


Yes, I certainly do.
by SoonerSunDevil
Thu May 07, 2009 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Does America need a new retirement system?
Replies: 68
Views: 8158

Americans might need a new retirement system, but what we need are more Americans to quit being so damn reliant on someone else for their economic well-being. Americans who are physically and mentally capable of earning a decent wage shouldn't be dependent on anyone for their own economic well-being...
by SoonerSunDevil
Wed May 06, 2009 5:25 pm
Forum: Investing - Theory, News & General
Topic: Death Of Vanguard? Schwab Offers 0.09% ER Index Funds
Replies: 51
Views: 10703

SoonerSunDevil wrote:
simplesimon wrote:I just *facepalmed* when I read the title.

How is Schwab's offering of low-cost index funds going to do anything when Fidelity's been doing it for years?


+1


Wait, we're not supposed to do the "+1" thing anymore, so I would like to recant my agreement with your prior post.

-1
by SoonerSunDevil
Wed May 06, 2009 5:24 pm
Forum: Investing - Theory, News & General
Topic: Death Of Vanguard? Schwab Offers 0.09% ER Index Funds
Replies: 51
Views: 10703

simplesimon wrote:I just *facepalmed* when I read the title.

How is Schwab's offering of low-cost index funds going to do anything when Fidelity's been doing it for years?


+1
by SoonerSunDevil
Wed May 06, 2009 5:13 pm
Forum: Investing - Theory, News & General
Topic: Death Of Vanguard? Schwab Offers 0.09% ER Index Funds
Replies: 51
Views: 10703

The death of Vanguard, really?

"The rumors of my death have been greatly exaggerated."

Vanguard isn't going anywhere.
by SoonerSunDevil
Wed May 06, 2009 3:23 pm
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

xlf trumps chasing stocks I caught that falling knife back in July. I didn't have (nor now) have the cojones that Sooner obviously has. I caught that falling knife, too, but I finally said "to hell with it" around the second week of March and dumped just about everything in my portfolio a...
by SoonerSunDevil
Wed May 06, 2009 3:22 pm
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

BAC is planning to sell part of its stake in a Chinese bank to raise $8B. This reduces the amount of equity needed from outside. Evidently this stake in the Chinese bank doesn't count as 'capital'. The gov't apparently wants all of the 19 banks who underwent the stress test to have a Tangible Commo...
by SoonerSunDevil
Wed May 06, 2009 8:23 am
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

xlf trumps chasing stocks Not for me it isn't. BAC is going to get hit hard tomorrow, but they will be fine in a few years. A healthy BAC, Countrywide, and ML is going to be a profit powerhouse. They aren't healthy yet, but they will be in 3-5 years. When they are healthy again, BAC is going to be ...
by SoonerSunDevil
Wed May 06, 2009 8:20 am
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

BAC is up to $12 in pre-market trading. I cannot follow this market to save my life. The futures are actually POSITIVE! If the financial stocks close today up slightly, I should be positive overall from before the bear.

God protects drunkards and fools :D
by SoonerSunDevil
Wed May 06, 2009 3:33 am
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

I just took a quick study break to look at the futures and I'm baffled. Currently, the S&P 500 is only down 5.40 points and the Dow is only down 30 points. Bank of America is down 11% in Germany right now. If this price decline carries over to the U.S. markets BAC would be selling for about $9.7...
by SoonerSunDevil
Tue May 05, 2009 9:28 pm
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

xlf trumps chasing stocks Not for me it isn't. BAC is going to get hit hard tomorrow, but they will be fine in a few years. A healthy BAC, Countrywide, and ML is going to be a profit powerhouse. They aren't healthy yet, but they will be in 3-5 years. When they are healthy again, BAC is going to be ...
by SoonerSunDevil
Tue May 05, 2009 9:13 pm
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

Market tanking tonight on this news WASHINGTON (Reuters) - Bank of America (BAC.N) has been deemed to need an additional $34 billion in capital, according to the results of a government stress test, a source familiar with the results said on Tuesday. m And that's exactly what I was worried about......
by SoonerSunDevil
Tue May 05, 2009 9:10 pm
Forum: Investing - Theory, News & General
Topic: Crashing today
Replies: 36
Views: 6108

I'm only 3% or so short of where I was before the bear came. One decent day in the financials and my portfolio will be positive overall despite all of the events over the past 12-18 months. I'd rather be lucky than good P.S. The stress test results will either make me a very happy man or I'll be un...
by SoonerSunDevil
Tue May 05, 2009 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Where to hold Vanguard Index funds- what brokerage firm
Replies: 22
Views: 4777

I think they make their money from loaning out securities (all the brokerage firms do it), they also are using it as a way to grow their client base (loss leader for other services), and it is possible that they are routing orders in a way that is beneficial to them. From what I have read, routing ...
by SoonerSunDevil
Tue May 05, 2009 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where to hold Vanguard Index funds- what brokerage firm
Replies: 22
Views: 4777

Definitely specific-lot identification when selling is available for mutual funds at WellsFargo. And all transactions download trivially into TurboTax. It was mentioned on another thread that some, but not all admiral share funds are available at WellsFargo. Search the forum for that thread. Yup, t...
by SoonerSunDevil
Tue May 05, 2009 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Where to hold Vanguard Index funds- what brokerage firm
Replies: 22
Views: 4777

What I don't understand is that despite the many posts on this forum that WellsFargo has FREE transactions for Vanguard funds and FREE transactions for stocks and FREE transactions for ETFs and FREE transactions for other mutual funds, that many folks choose to ignore these facts and state that if ...
by SoonerSunDevil
Tue May 05, 2009 5:05 pm
Forum: Investing - Theory, News & General
Topic: Is Bank of America going to survive?
Replies: 159
Views: 34545

It's been almost a month since the last post on this thread and there's been enough drama in the financials to last a lifetime over the past 30 or so days. As of today, BAC is trading at $10.84 and there is lots of information swirling about the results of the stress tests. I was a firm believer tha...
by SoonerSunDevil
Tue May 05, 2009 4:56 pm
Forum: Investing - Theory, News & General
Topic: Crashing today
Replies: 36
Views: 6108

I'm only 3% or so short of where I was before the bear came. One decent day in the financials and my portfolio will be positive overall despite all of the events over the past 12-18 months. I'd rather be lucky than good P.S. The stress test results will either make me a very happy man or I'll be und...
by SoonerSunDevil
Tue May 05, 2009 10:59 am
Forum: Personal Consumer Issues
Topic: Slipping Sox
Replies: 33
Views: 4577

I'm glad that baseball players are so honest and respectful towards everyone in society. I guess this doesn't apply to testifying under oath to Congressmen? What about the steroid accusations, just a big cover up? I've no doubt that many, many baseball players used steroids, and many probably still...
by SoonerSunDevil
Mon May 04, 2009 11:50 pm
Forum: Personal Consumer Issues
Topic: Slipping Sox
Replies: 33
Views: 4577

diasurfer wrote:All the pros in the big 3 sports are equal-opportunity knuckleheads. Why can't they be more like golfers? I mean, take that John Daly for example, now there's a guy kids can look up to.


Don't forget about Fuzzy Zoeller!!!
by SoonerSunDevil
Mon May 04, 2009 6:01 pm
Forum: Personal Consumer Issues
Topic: Slipping Sox
Replies: 33
Views: 4577

Look at someone like Dustin Pedroia. He's a gifted MVP 2nd baseman and is about 5'7.'' There's a place in baseball for a talented player who is not long in the limbs. You can't say the same about NFL players. The new 1st round draft pick Quarterback of the Bucs has a spotty undergraduate record but...
by SoonerSunDevil
Mon May 04, 2009 2:10 pm
Forum: Investing - Theory, News & General
Topic: Tight-Fisted Investing/Rick Ferri in WSJ
Replies: 82
Views: 18894

I have been told by the WSJ that the person in the print article and who used to be on the website also has the last name of Ferri, and the typeset people pulled the wrong print. They do have a sketch of me, and that might be corrected on the website. I don't know what will happen with the print ed...
by SoonerSunDevil
Mon May 04, 2009 3:37 am
Forum: Personal Consumer Issues
Topic: AMEX Blue Cash Credit Card Rebate Terms Changed
Replies: 10
Views: 2618

I'm a big fan of AMEX and I'll continue to be a loyal customer even after the changes.
by SoonerSunDevil
Mon May 04, 2009 2:18 am
Forum: Personal Consumer Issues
Topic: Slipping Sox
Replies: 33
Views: 4577

The other problem with baseball is that there are so many freaking games that a lot of the games don't matter. If you lose one game in college football your season has the potential to be radically altered. If you lose one NFL playoff game, you're out. Baseball has 162 regular season games and then ...
by SoonerSunDevil
Mon May 04, 2009 2:15 am
Forum: Personal Consumer Issues
Topic: Slipping Sox
Replies: 33
Views: 4577

chaz copied and wrote: SoonerSunDevil wrote: Gekko wrote: people still watch baseball? +1 I'll be happy when football season gets here. It's interesting to watch the strategy play out over time. Baseball players interview better than the majority of the knucklehead football player college graduates...
by SoonerSunDevil
Sun May 03, 2009 5:36 pm
Forum: Personal Consumer Issues
Topic: Slipping Sox
Replies: 33
Views: 4577

Gekko wrote:people still watch baseball?


+1
by SoonerSunDevil
Fri May 01, 2009 9:11 pm
Forum: Investing - Theory, News & General
Topic: NYT: Swiss won't name 52,000 US tax evaders
Replies: 43
Views: 6342

Pacific wrote:craigr

:lol: :lol:


My thoughts exactly!
by SoonerSunDevil
Fri May 01, 2009 8:25 pm
Forum: Investing - Theory, News & General
Topic: 100% Gain--Really!
Replies: 65
Views: 15961

I just hope the Bank of America (and other bank) increase is due to the true value of the company, rather than essentially taxpayers subsidizing shareholders. I guess you win either way, but the former seems so much more "right". That's an illustration of one way prices can swing big with...
by SoonerSunDevil
Fri May 01, 2009 1:54 pm
Forum: Investing - Theory, News & General
Topic: A law firm looking to sue over FBIDX
Replies: 2
Views: 1226

Seems like a borderline frivolous suit to me. If anyone needs to be sued over their mutual funds, it's Charles Schwab. If I rememer correctly, one of Charles Schwab's short-term bond funds lost roughly 50% very recently. I believe Vanguard had a bond fund a few years ago that significantly diverged ...