Search found 995 matches

by skepticalobserver
Tue Sep 17, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: Spike in Repo Rates [Fed Overnight Repurchase agreement]
Replies: 55
Views: 4247

Re: Spike in Repo Rates

willthrill81 wrote:
Tue Sep 17, 2019 12:12 pm
Do you have a link to data for this?
https://www.bloomberg.com/opinion/artic ... nd=premium
by skepticalobserver
Tue Sep 17, 2019 12:11 pm
Forum: Investing - Theory, News & General
Topic: Spike in Repo Rates [Fed Overnight Repurchase agreement]
Replies: 55
Views: 4247

Spike in Repo Rates [Fed Overnight Repurchase agreement]

Thoughts on the recent spike in overnight Repo rates? How may this effect (or not) hypothecation of retail investor securities, particularly treasury holdings?
by skepticalobserver
Sun Aug 25, 2019 3:20 pm
Forum: Personal Investments
Topic: Considering an Owner Financed Loan
Replies: 11
Views: 648

Re: Considering an Owner Financed Loan

Just say NO—to owner financing. If things go south the cost (you will need an attorney) and time of the foreclosure process can be steep. I don't think being 1,600 or so miles away is going to help. Things could take forever if the mortgagor goes bankrupt. Consider: Oregon is a non-judicial and judi...
by skepticalobserver
Fri Aug 23, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Want My Rental to be a Qualified Joint Venture?
Replies: 11
Views: 753

Re: Do I Want My Rental to be a Qualified Joint Venture?

I think what you’re looking for is to distinguish between characterizing a business enterprise as a security or a joint venture. Very broadly speaking a JV is a business enterprise wherein the parties have invested money, expect a profit and have co-equal say in the management of the enterprise. Aga...
by skepticalobserver
Wed Aug 21, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 11219

Re: Do Bogleheads plan to utilize Independent Living facilities?

My friend found out that she could not afford it. There may be sectarian affiliated facilities--cheaper and modest--that will provide care when you're tapped out, http://victoryhousing.org/, affiliated with the Archdiocese of DC. Also, for senior independent living look for HUD subsidized housing.
by skepticalobserver
Wed Aug 21, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 11219

Re: Do Bogleheads plan to utilize Independent Living facilities?

It seems to be often difficult to find without contacting the facility directly. Indeed, my Google search skills fail me when I try to get this level of detail on CCRCs. There may be some paid sites that will provide CCRC details. How would you rate the quality of this CCRC? Have you checked out th...
by skepticalobserver
Wed Aug 21, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 11219

Re: Do Bogleheads plan to utilize Independent Living facilities?

Here are recent numbers for a CCRC, the Collington, in Mitchville, MD (north of Annapolis). These quotes are for the type A contract (Life Care), meaning independent living, assisted living and skilled nursing (including dementia) are included in the pricing. They offer many types of residences, but...
by skepticalobserver
Tue Aug 20, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Maryland Living Trust
Replies: 12
Views: 1274

Re: Maryland Living Trust

Reasons for revocable trusts in MD and other jurisdictions: -ease of asset transfer (probate avoidance) *; -privacy, as there is no need to show estate assets on the public record; -implementation of so-called bloodline trusts for financially challenged beneficiaries (this may be done with testament...
by skepticalobserver
Sat Aug 10, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I buy a Medicaid SPIA without a lawyer?
Replies: 10
Views: 1182

Re: Why can't I buy a Medicaid SPIA without a lawyer?

Because of conflict of interest reasons the attorney is rarely a licensed agent so it is ilegal for them to even split a commission with a licensed agent.The relationship they with insurance agent is professional referral based which is not a bad thing necessarily but it could effect the attorneys ...
by skepticalobserver
Sat Aug 03, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 112
Views: 12372

Re: Will you buy Total Bond with a negative yield?

Somebody out there thinks there's total return to be had on the sub-zero coupon stuff. I've heard that many European banks don't charge retail customers to hold deposits.
by skepticalobserver
Sat Aug 03, 2019 11:29 am
Forum: Investing - Theory, News & General
Topic: Financial Calculator
Replies: 12
Views: 1210

Re: Financial Calculator

I use the HP-17BII, mostly for bond calculations. Here's a discussion on the HP-12C v the HP17BII: https://www.hpmuseum.org/cgi-sys/cgiwra ... read=87832

I hope this helps.
by skepticalobserver
Tue Jul 23, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 96
Views: 8432

Re: NYT Article: Safe Deposit Boxes Aren't Safe

NY Times article, man bites dog. What are the odds of one bank taking over another with identical box numbers, etc. Really. Unfortunatley the loss was a big one. When I saw the Times' article I thought "WOW!." Read it thru and decided it was click bait. Now the article is oft repeated (Bloomberg, NP...
by skepticalobserver
Tue Jul 09, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Cautionary Tale
Replies: 22
Views: 2301

Re: Umbrella Insurance - Cautionary Tale

I wonder, also, if some part of these legal expenses relate to the daughter's possible alcohol involvement. I doubt an Umbrella Policy would cover those. No; alcohol usage is merely the plaintfiff's assertion and would not be the basis for denial to defend. A judicial finding of, say, an intentiona...
by skepticalobserver
Tue Jul 09, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Cautionary Tale
Replies: 22
Views: 2301

Re: Umbrella Insurance - Cautionary Tale

What are the policy limits? If defense costs were "inside the limits" it's possible the costs to defend have blown through the limits, in which case a hefty umbrella would have absorbed the excess defense fees.
by skepticalobserver
Wed Jun 26, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 26
Views: 4558

Re: What does a real estate oil bust look like

I understand that TX real estate taxes are steep, I suppose offsetting the absence of an income tax.

Also, for RE investors I've heard that TX is landlord friendly.
by skepticalobserver
Wed Jun 26, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Insurance when loaning car
Replies: 10
Views: 988

Re: Insurance when loaning car

In most jurisdictions insurance follows car ownership
by skepticalobserver
Mon Jun 24, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: Rare Earth Metals - Investing
Replies: 13
Views: 1569

Re: Rare Earth Metals - Investing

In the early 80's I believe they were called "strategic metals." All the rage. Bell bottoms next up.
by skepticalobserver
Sun Jun 23, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Which Fed Employee Health Insurance Plan?
Replies: 39
Views: 2671

Re: Which Fed Employee Health Insurance Plan?

We had GEHA for a long time. Never a problem.
by skepticalobserver
Sun Jun 23, 2019 5:13 pm
Forum: Personal Investments
Topic: Advantage of T-bills?
Replies: 20
Views: 2345

Re: Advantage of T-bills?

Ferdinand2014 wrote:
Sun Jun 23, 2019 1:35 pm
Bills are the safest investment on the planet if you are looking at not losing any principle
Safety and liquidity. I stuck with them below 1% yields.
by skepticalobserver
Sun Jun 23, 2019 8:22 am
Forum: Personal Investments
Topic: Advantage of T-bills?
Replies: 20
Views: 2345

Re: Advantage of T-bills?

I do 3 and 6 month bills. When you buy them at the auction they are easy to manage. Problem is: how much lower than a 2% yield do they make sense?
I watch what's going on with treasuries and worry. Shoulda' bought 2 year notes at 2.75% a couple of months back. I fault my crystal ball.
by skepticalobserver
Tue Jun 18, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 3977

Re: How to ensure POA is acting in best interest of grantor?

As what you’ve described might be financial elder abuse you should contact local law enforcement authority to intervene. They will undertake a thorough accounting.
by skepticalobserver
Sat Jun 15, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 4078

Re: Checks without my account number

You want to keep that account number as secure as possible. I noted in an April post that two checks mailed from the PO to two vendors never showed up. A couple weeks later seven counterfeit checks passed through my account. Those checks had the bank logo, so they vaguely looked like my checks. Exce...
by skepticalobserver
Wed Jun 12, 2019 12:53 pm
Forum: Investing - Theory, News & General
Topic: Closed End Funds
Replies: 12
Views: 1374

Re: Closed End Funds

Items of note about CEF’s. Don’t confuse yield with payout. A portion of the high payout funds often include return of principal (i.e., your own money). Many CEF’s with payout use leverage. An interest rate increase can damage the NAV. Additionally, CEF’s can sell preferred shares which may impact t...
by skepticalobserver
Mon Jun 10, 2019 6:23 am
Forum: Personal Investments
Topic: Pacific Life Index Universal Life Insurance
Replies: 18
Views: 1987

Re: Pacific Life Index Universal Life Insurance

PinkPonies777 wrote:
Sun Jun 09, 2019 11:55 pm
the White Coat Investor link. I've read several of his articles and doing more research.
Presciently, this was posted today by TWCI, "10 Reasons People Regret Buying Whole Life Insurance ."
https://www.whitecoatinvestor.com/whole ... e-regrets/
by skepticalobserver
Sun Jun 09, 2019 5:30 pm
Forum: Personal Investments
Topic: Pacific Life Index Universal Life Insurance
Replies: 18
Views: 1987

Re: Pacific Life Index Universal Life Insurance

Check out these links from The White Coat Investor and decide for yourself:

https://www.whitecoatinvestor.com/tag/iul/
by skepticalobserver
Wed May 29, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Blackbird Problem
Replies: 11
Views: 954

Blackbird Problem

A good size blackbird (crow?) has been eyeing my friend’s 7 lbs. dog from the the condo balcony. The dog likes to sit on the balcony and my friend fears the bird will harm the dog. Any ideas on how to dissuade the bird from hanging around the balcony? My general understanding is that like most wildl...
by skepticalobserver
Wed May 29, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Would you keep this rental? Bay Area
Replies: 28
Views: 2289

Re: Would you keep this rental? Bay Area

Watty wrote:
Mon May 27, 2019 8:33 am
like Martha Steward)
She convicted of obstruction of justice and lying to federal officials, not trading on insider info.
by skepticalobserver
Wed May 22, 2019 3:01 pm
Forum: Investing - Theory, News & General
Topic: Why not non traded REIT such as yield tree?
Replies: 25
Views: 1924

Re: Why not non traded REIT such as yield tree?

vu8 wrote:
Wed May 22, 2019 1:24 pm
Yieldstreet website says "Asset-based investing. 8-15% target returns.
How much of that is yield and much of it is return of principle (as in, getting your own money back)? Often times advertised "payout" rates are confused by prospects with "yield."
by skepticalobserver
Wed May 22, 2019 12:23 pm
Forum: Personal Investments
Topic: 7% callable - Structured Investment/Note
Replies: 30
Views: 2552

Re: 7% callable - Structured Investment/Note

Looks like....a reverse convertible. Here's what FINRA has to say: https://www.finra.org/investors/alerts/reverse-convertibles-complex-investment-vehicles A slighted dated take: https://www.cbsnews.com/news/reverse-convertibles-an-opportunity-to-lose-your-money/ You think the underwriter is going to...
by skepticalobserver
Tue May 21, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: Has anyone heard of this guy
Replies: 12
Views: 2365

Re: Has anyone heard of this guy

He must know "Julie," who keeps calling me wanting to lower my credit card rates (even though I've paid -0- in credit card finance charges over the past quarter century). Honest to goodness I got FOUR of those calls yesterday, along with the Microsoft warning and my backbrace (paid for by Medicare)...
by skepticalobserver
Tue May 21, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: Has anyone heard of this guy
Replies: 12
Views: 2365

Re: Has anyone heard of this guy

Here's his bio: https://roccy.net/roccy-bio He's an attorney and got a bunch of "certifications" I've never seen before ( like Certified Wealth Preservation Planner). Lots of DeFrancesco's in BrokerCheck. Couldn't pin him or his "institute" down. Since "income for life" is his thing most likely he's...
by skepticalobserver
Tue May 14, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Dale Carnegie training
Replies: 23
Views: 2621

Re: Dale Carnegie training

After my dad was discharged from the service in 1945 he took the Dale Carnegie course. He told me it helped him as a salesman; he ran his own business for about 45 years and did very well.
by skepticalobserver
Sat May 11, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Cannanine Oil for Dogs - Have you used it?
Replies: 3
Views: 360

Cannanine Oil for Dogs - Have you used it?

A friend of mine has a five-year-old, 7.5-pound Yorkie Pooh named Annabelle. Recently Annabelle has been exhibiting a great deal anxiety, especially the separation kind. After a thorough veterinary examination Xanax was prescribed (for Annabelle). As an alternative to Xanax my friend was thinking ab...
by skepticalobserver
Tue May 07, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: Lost Mail
Replies: 29
Views: 1862

Re: Lost Mail

Thanks Mike.

My concern is those much larger checks I mail from time-to-time. I pay on line when I can.

Also, I hear about “washing” of stolen checks and withdrawal of bank funds using account and routing numbers off pilfered checks.
by skepticalobserver
Tue May 07, 2019 7:38 am
Forum: Personal Consumer Issues
Topic: Lost Mail
Replies: 29
Views: 1862

Lost Mail

I mailed two checks to vendors from the PO on April 1st for nominal amounts, $70 and $69. Neither made it to the addressees (one of which is a couple of zip codes away). I stopped payment late April ($32 each!). Called the bank this morning and neither check has hit the account. Question: is there a...
by skepticalobserver
Sat Apr 27, 2019 5:18 pm
Forum: Personal Investments
Topic: Investing in a Broadway show production
Replies: 38
Views: 3683

Re: Investing in a Broadway show production

Years ago, I did securities work on these, then called “theatricals." Also, co-produced a bus and truck tour. If Actors Equity didn’t require producers to post bonds for salaries the performers would probably never get paid! Treat your investment as Vegas money. Go opening night. Do they still celeb...
by skepticalobserver
Thu Apr 25, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Financial Advisor
Replies: 41
Views: 2203

Re: Becoming a Financial Advisor

Getting a fee for babysitting AUM is the nearest thing to a tollboth. Go for it. Some of us actually have do something to get paid. Oh, and WC Fields had some thoughts on this... My thought was to offer my services for free to anyone under a certain asset threshold or income level and then offer my ...
by skepticalobserver
Thu Apr 25, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Financial Advisor
Replies: 41
Views: 2203

Re: Becoming a Financial Advisor

Getting a fee for babysitting AUM is the nearest thing to a tollboth. Go for it. Some of us actually have do something to get paid. Oh, and WC Fields had some thoughts on this... My thought was to offer my services for free to anyone under a certain asset threshold or income level and then offer my ...
by skepticalobserver
Wed Apr 24, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: New Wealthfront Cash account 2.24% w/ FDIC up to 1mm. Anything similar?
Replies: 36
Views: 4967

Re: New Wealthfront Cash account 2.24% w/ FDIC up to 1mm. Anything similar?

For that size consider 4 week, 8 week or 3 month t-bills. Stagger them. Very, very insured, so to say.
by skepticalobserver
Tue Apr 16, 2019 5:59 pm
Forum: Personal Investments
Topic: Treasury Floating Rate Note-Has its Time Arrived?
Replies: 50
Views: 6733

Re: Treasury Floating Rate Note-Has its Time Arrived?

I recenty read (I can't recall where) about difficulty selling FRN's in the seconday market; it took a day or so for an offer and the spread was wide, unlike most treasury issues that are sold online within minutes (in my experience) with very narrow spreads. The foregoing is moot If you're holding ...
by skepticalobserver
Tue Apr 16, 2019 5:55 pm
Forum: Personal Investments
Topic: buying treasuries and cd's at Fidelity
Replies: 10
Views: 2997

Re: buying treasuries and cd's at Fidelity

Deleted :shock:

Whoops, wrong topic! See question on Floating rate Notes.
by skepticalobserver
Tue Apr 16, 2019 8:08 am
Forum: Personal Investments
Topic: buying treasuries and cd's at Fidelity
Replies: 10
Views: 2997

Re: buying treasuries and cd's at Fidelity

T-bills and treasury STRIPS are sold on a net basis. Agency paper, coupon and zeros, have commissions.

Treasuries purchased at auction are also commission free.
by skepticalobserver
Sun Apr 14, 2019 7:59 pm
Forum: Non-US Investing
Topic: New to Investing From Honduras
Replies: 3
Views: 499

Re: Investing In Honduras

As a starting point here's the US State Department's assesment on investing in Honduras: https://www.state.gov/e/eb/rls/othr/ics ... 281761.htm
by skepticalobserver
Sun Apr 14, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: how long to have mailed check cashed by IRS?
Replies: 13
Views: 1237

Re: how long to have mailed check cashed by IRS?

Mailed last Sat, cleared Fri nite
:moneybag --gone with the wind.....
by skepticalobserver
Sun Mar 17, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: Real Estate Investing Resources?
Replies: 17
Views: 1579

Re: Real Estate Investing Resources?

The Old Capital podcasts, videos and related materials provide a wealth of information on multi-family investing, http://www.oldcapitalpodcast.com/
by skepticalobserver
Tue Mar 12, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Podcasts [Financial]
Replies: 50
Views: 4575

Re: Podcasts

Bloomberg sponsors a series of podcasts. Notable among them is Masters in Business, hosted by Barry Ridholtz.
by skepticalobserver
Tue Mar 05, 2019 8:21 am
Forum: Personal Investments
Topic: Schwab Account Title (JT TEN, JTWROS etc)?
Replies: 3
Views: 463

Re: Schwab Account Title (JT TEN, JTWROS etc)?

Some websites seem to imply that JTWROS is similar to 'Tenants in Entirety'. From the standpoint of creditor protection they are not similar at all. What might be the PA law on TBE I cannot say, but all things being equal TBE is the way to go for bank/brokerage accounts as well as jointly owned res...
by skepticalobserver
Mon Mar 04, 2019 2:48 pm
Forum: Personal Consumer Issues
Topic: Landline Phone Battery Backup
Replies: 17
Views: 1100

Re: Landline Phone Battery Backup

This is the reason I did not sign-up for FIOS digital phone service. It doesn't happen often but ice storm take out the power for a day or two. Continual and reliable landline service is essential. This is an unspoken issue with digital phone service sales.
by skepticalobserver
Fri Feb 22, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: How long should a bodily injury claim take to settle?
Replies: 62
Views: 3109

Re: How long should a bodily injury claim take to settle?

You’re being jerked around, forcing you to the statute of limitations wall with a bad offer. Then, it’ll be too late for an attorney to rescue your claim. Get legal counsel now; the value of the claim should increase substantially.

The threat of litigaton focuses the mind.
by skepticalobserver
Sat Feb 02, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Concerned about Alzheimers, how do you plan for LTC?
Replies: 80
Views: 5750

Re: Concerned about Alzheimers, how do you plan for LTC?

Hmm, maybe you mean the cost of a well-run memory care unit is higher than that of a typical assisted living facility? I believe skilled nursing is typically more expensive than memory care (more trained medical personnel). Or perhaps you feel that a good memory care has a very low caregiver/reside...