Search found 179 matches

by DetroitRed
Wed Jul 11, 2012 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Price of Plastic Going Up? Merchants May Get Surcharge Right
Replies: 42
Views: 4564

Re: Price of Plastic Going Up? Merchants May Get Surcharge R

Ugh, I just hope there isn't a return to writing checks. For the first time in years I got stuck in the grocery checkout line last weekend behind a lady who wrote a check, wanted cash back, showed her ID, then proceeded to enter the check in her register and calculate the balance. Took well over a ...
by DetroitRed
Sun Jun 17, 2012 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23264

Re: Ivy League Myths Uprooted

Check Appendix Table 1 (school average SAT score) at the end of the paper to see that several, but not all, ivy league schools were included in the comparison. Both authors were from Princeton as well. While some ivy league schools are in the data, I don't believe the study makes any ivy v non-ivy ...
by DetroitRed
Tue May 01, 2012 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: "My Faith-Based Retirement" by Joe Nocera, NYT
Replies: 143
Views: 12495

Re: "My Faith-Based Retirement" by Joe Nocera, NYT

[quote="tfbHere's Vanguard's report on the 401k-type plans it manages: How America Saves 2011 . It's a big sample. [/quote] Per page 38, the median account balance for workers 55-64 is about $61,000. So half of all participants in that age bracket have less than $61,000. This amount doesn't include ...
by DetroitRed
Tue Apr 17, 2012 10:12 am
Forum: Investing - Theory, News & General
Topic: Paper I bonds WILL be available via tax refund in 2012
Replies: 55
Views: 8511

Re: Paper I bonds WILL be available via tax refund in 2012

I also filed a paper return.

Didn't have any problems getting my $5k in paper I bonds.
by DetroitRed
Sun Apr 01, 2012 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: schedule K-1 for UGL-ProShares Ultra Gold (ETF)
Replies: 26
Views: 3504

Re: schedule K-1 for UGL-ProShares Ultra Gold (ETF)

SSSS wrote:
I've dealt with APMEX, Kitco, Bullion Direct, and Northwest Territorial Mint with no issues. I've heard good things about Tulving but it's only suitable for larger orders.
But weren't your transaction fees and storage costs much higher than owning a gold ETF?
by DetroitRed
Thu Mar 29, 2012 3:50 pm
Forum: Investing - Theory, News & General
Topic: What should I do when I win the $500M lottery?
Replies: 68
Views: 6077

Re: What should I do when I win the $500M lottery?

Numbers 1-25: Try to keep your name from being reported (which usually isn't possible).
by DetroitRed
Wed Mar 28, 2012 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Over $95 million in Roth IRA. Bodes ill for the little guy?
Replies: 20
Views: 4237

Over $95 million in Roth IRA. Bodes ill for the little guy?

Don't know if anyone else saw the recent Forbes article about Roth IRAs being used by billionaires like Peter Thiel (the article says that apparently he was able to put at least some of his Facebook stock inside his Roth IRA). They also mention Yelp founder, Max Levchin, who probably has over $95 mi...
by DetroitRed
Tue Mar 20, 2012 10:10 am
Forum: Personal Consumer Issues
Topic: Can public storage be used as a private library?
Replies: 30
Views: 2730

Re: Can public storage be used as a private library?

My experience with storage units is that things get pretty dusty. It could be that there's no more dust than at my house and that it's just more noticeable in the storage unit, but when I've left things in the unit uncovered they're really dusty after 9 months or so. Because reading means you'll be ...
by DetroitRed
Mon Mar 19, 2012 12:54 pm
Forum: Investing - Theory, News & General
Topic: Why is 1926 used for most historic risk/return charts?
Replies: 28
Views: 3405

Re: Why is 1926 used for most historic risk/return charts?

Goetzmann, Ibbotson and Peng put together a US stock return dataset that runs from 1815 to 1925. Their paper describing the dataset (and it's limitations) is here: A New Historical Database For The NYSE 1815 To 1925: Performance And Predictability http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2...
by DetroitRed
Thu Mar 15, 2012 3:42 pm
Forum: Investing - Theory, News & General
Topic: Now in Wiki: Extended Market Index Fund
Replies: 42
Views: 6924

Re: Now in Wiki: Extended Market Index Fund

DetroitRed: Sure, you could do that, but you can do the same thing with many other combinations of Large-cap and Small-cap funds-- e.g., the Vanguard funds of those names--for purposes of TLH with Total Stock. Kevin If the goal is to replicate Total Stock Market, then S&P 500 + Extended Market is t...
by DetroitRed
Thu Mar 15, 2012 3:05 pm
Forum: Investing - Theory, News & General
Topic: Now in Wiki: Extended Market Index Fund
Replies: 42
Views: 6924

Re: Now in Wiki: Extended Market Index Fund

Another possible reason to hold Extended Market -- you wish to have Total Stock market exposure in a taxable fund, but you already regularly contribution to a Total Stock Market fund in a non-taxable location (or vice versa). If you owned Total Stock Market (TSM) in both locations, you could trip th...
by DetroitRed
Thu Mar 08, 2012 2:19 pm
Forum: Personal Consumer Issues
Topic: Experience with street address and PO Box?
Replies: 8
Views: 4273

Re: Experience with street address and PO Box?

In the past I've rented a mail box from a UPS Store. It had a street address and I never had any problems receiving deliveries there.
by DetroitRed
Tue Mar 06, 2012 2:04 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate -- Role in portfolio.
Replies: 52
Views: 2667

Re: TIAA Real Estate -- Role in portfolio.

Query for VanessaB. Where do you come down regarding TIAA Traditional Annuity? If you dislike TREA you must loath TIAA Traditional. It's at least 25x more opaque than TREA. It's probably 25x less liquid but it can still be gamed (just in different ways than TREA) - for example Traditional is present...
by DetroitRed
Mon Mar 05, 2012 3:04 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate -- Role in portfolio.
Replies: 52
Views: 2667

Re: TIAA Real Estate -- Role in portfolio.

Yeah, but have you considered that if management is allowing this to go on then what else might be going on that even you aren't aware of? You might be waiting for the big dip to transfer your losses to the ignorant, but the insiders might be transferring their losses to you on a daily basis. The i...
by DetroitRed
Mon Mar 05, 2012 10:41 am
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate -- Role in portfolio.
Replies: 52
Views: 2667

Re: TIAA Real Estate -- Role in portfolio.

One other advantage (to TIAA's detriment) of the Real Estate account is that it is possible to market time. During the financial crisis the Vanguard REIT dropped much faster and many people were able to get out of TIAA Real Estate before its price adjusted down. Because of that TIAA CREF instituted ...
by DetroitRed
Sun Mar 04, 2012 1:34 pm
Forum: Investing - Theory, News & General
Topic: TM Balanced Gets No Respect
Replies: 7
Views: 935

Re: TM Balanced Gets No Respect

I also think people forget about it because until last year it had an onerous redemption fee (shares had to be held for over 5 years). Now that that's gone, I believe a lot more people should use Vanguard Tax Managed Balanced. For extremely diligent investors (like many of the folks on this board), ...
by DetroitRed
Tue Feb 28, 2012 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Amex savings down again
Replies: 28
Views: 4289

Re: Amex savings down again

As I said in the other thread regarding TIAA: I imagine that if they (TIAA-Direct) were really serious about paying more in interest than the competition for any length of time, their CD rates would be better, but, unfortunately, that isn't the case. (their CD rates are lower than the HY savings ac...
by DetroitRed
Thu Feb 23, 2012 6:22 pm
Forum: Investing - Theory, News & General
Topic: Sean Hannity is not in the market
Replies: 50
Views: 4804

Re: Sean Hannity is not in the market

As I said, [Warren Buffett] gives a nod to index funds. You originally said, "It is true that he sometimes gives the nod to index funds." As I showed above, that's not true. He doesn't only sometimes give the nod to index funds. He has never, however, suggested that you should stay away from stocks...
by DetroitRed
Thu Feb 23, 2012 5:28 pm
Forum: Investing - Theory, News & General
Topic: Sean Hannity is not in the market
Replies: 50
Views: 4804

Re: Sean Hannity is not in the market

[Warren Buffett] is selling a product, largely based on stocks. He has a vested interest in telling you to buy them whether he needs them or not. It is true that he sometimes gives the nod to index funds, but is by no means impartial in the advice he gives. If he was impartial and honest, he would ...
by DetroitRed
Wed Feb 22, 2012 9:42 am
Forum: Investing - Theory, News & General
Topic: Confirming that EWX was a tax failure
Replies: 3
Views: 820

Re: Confirming that EWX was a tax failure

Now that I have my 1099, I can confirm just how bad the tax situation was for EWX. I happened to be able to get rid of it at a loss, but if the tax situation continues to be this bad, it's probably worth getting out of a taxable account even at a gain. (I'm still waiting to see whether EEMS is bett...
by DetroitRed
Wed Feb 22, 2012 9:35 am
Forum: Local Chapters and Bogleheads Community
Topic: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!
Replies: 56
Views: 7326

Re: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!

Mr. Bogle,

You're one of my heroes and it's an honor to wish you a happy heart birthday.
by DetroitRed
Sun Feb 12, 2012 5:55 pm
Forum: Investing - Theory, News & General
Topic: Treasury floating rate notes
Replies: 13
Views: 1327

Re: Treasury floating rate notes

In conclusion, the presenting member noted that the examination of alternative forms and structures of debt issuance is consistent with Treasury’s mission of financing the government at the lowest cost over time. Would have been an even better deal for the government if they had started issuing the...
by DetroitRed
Thu Feb 09, 2012 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Buffett Says Bonds Among Most Dangerous Assets on Inflation
Replies: 94
Views: 10480

Re: Buffett Says Bonds Among Most Dangerous Assets on Inflat

Ps: Take a look at the comments section of Buffett's article on Fortune.com http://finance.fortune.cnn.com/2012/02/09/warren-buffett-berkshire-shareholder-letter/ The Gold Bugs are out in force. As folks have pointed out, Buffett doesn't do a good job of talking about asset allocation in this excerp...
by DetroitRed
Thu Feb 09, 2012 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Buffett Says Bonds Among Most Dangerous Assets on Inflation
Replies: 94
Views: 10480

Re: Buffett Says Bonds Among Most Dangerous Assets on Inflat

I'm shocked Buffett is saying to buy stocks and avoid bonds. :shock: I'm trying to remember when he last recommended buying bonds -- did he do that back in the early 80s when there were double-digit rates? I'm thinking NOT. Too bad. . . But he could be right about not recommending bonds now. Don't ...
by DetroitRed
Wed Feb 08, 2012 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Why not just use VG Life Strategy Growth?
Replies: 15
Views: 2666

Re: Why not just use VG Life Strategy Growth?

I believe the best "two fund" portfolio available on the market (if you want an allocation 2/3 stocks and 1/3 fixed income) is: - 5/6ths in LifeStrategy Growth - 1/6th in TIPS This gives you 2/3rds in stocks and 1/3 in bonds, with a bond allocation of 50% Total Bond and 50% TIPS. Obviously you need ...
by DetroitRed
Mon Jan 30, 2012 4:30 pm
Forum: Investing - Theory, News & General
Topic: Will you be investing in the Facebook IPO?
Replies: 67
Views: 9122

Re: Will you be investing in the Facebook IPO?

Yes, Google was indeed one of those rare IPOs that turned out to be a great buy. I'm still not quite sure how that happened. Google used a non-standard IPO format which probably led to it being underpriced. Google's market cap at IPO was under $25 billion. By the time it reached a $100 billion mark...
by DetroitRed
Thu Jan 26, 2012 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional - Safety?
Replies: 50
Views: 5548

Re: TIAA Traditional - Safety?

You have a lot of interest rate exposure if your account is an RA. You can only transfer 1/10th of the amount out every year. If rates rise, you're very exposed. You'll be earning 3% for years while everyone else is enjoying higher payout rates from their fixed income investments. To me that's a muc...
by DetroitRed
Tue Jan 17, 2012 1:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Jack Bogle Event on 1/31st, NYC
Replies: 13
Views: 1797

Re: Jack Bogle Event on 1/31st, NYC

Awesome lineup of speakers. If anyone gets wind that this event will be posted to the internet, please let us know.
by DetroitRed
Fri Jan 13, 2012 10:20 am
Forum: Investing - Theory, News & General
Topic: Why You Don't Need TIPS Now (Kiplinger's)
Replies: 17
Views: 3653

Re: Why You Don't Need TIPS Now (Kiplinger's)

Furthermore, if inflation, not real, rates go up, there will likely be increased demand for TIPS, lowering their real yield even further (and increasing the value of your already-held TIPS). I won't be surprised if the 30-year TIPS real yield goes negative within two years. I believe this is what w...
by DetroitRed
Tue Jan 10, 2012 9:09 am
Forum: Investing - Theory, News & General
Topic: Hedge Fund Reporting Biases and Commercial Databases
Replies: 1
Views: 198

Re: Hedge Fund Reporting Biases and Commercial Databases

Thanks for posting. I'm most impressed with how they were able to build their dataset. They were able to use overlooked fund-of-fund regulatory filings.
by DetroitRed
Sat Jan 07, 2012 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Accident with rental car
Replies: 18
Views: 4082

Re: Accident with rental car

Does anyone know of a credit card available now that has primary coverage for rental cars for business or personal use, AND covers loss-of-use, AND covers basically any loss to the car (or parts thereof)? If so, what fees apply? Paul AMEX has something called Premium Car Rental Insurance which requ...
by DetroitRed
Fri Jan 06, 2012 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Accident with rental car
Replies: 18
Views: 4082

Re: Accident with rental car

Anyone have any words of wisdom on easy (i.e. I don't want to make 12 phone calls every time I rent a car) actions to take to cover myself from being dinged for "loss of use" charges? Or does anyone have experience with a rental car accident where the rental car company did not try to ding you for u...
by DetroitRed
Fri Jan 06, 2012 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to move stocks/options from IRA to non-IRA account?
Replies: 6
Views: 575

Re: Best way to move stocks/options from IRA to non-IRA acco

I am not expecting capital losses from the same year, but it seems to me capital losses from previous years (which are substantial) could be used to offset these IRA capital gains. Could they not? A distribution from an IRA is treated as regular income. It makes no difference whether the dollars fo...
by DetroitRed
Wed Jan 04, 2012 10:39 am
Forum: Investing - Theory, News & General
Topic: VBS lowers commissions: free trades on Treasuries
Replies: 29
Views: 2570

Re: VBS lowers commissions: free trades on Treasuries

nisiprius wrote:By the way, dare I ask: how does Vanguard (and how does Fidelity) make any money off of free trades? Is it just now a "customary service" that everyone has to provide because everyone else is doing it?
Perhaps they lose money on every trade, but make it up on volume? :)
by DetroitRed
Wed Dec 28, 2011 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: tax loss harvest Help! Total Intnl ???
Replies: 19
Views: 1282

Re: tax loss harvest Help! Total Intnl ???

Also, be very careful if any of the funds you are selling are regularly purchased by you in your 401k or IRA. I purchase Total Intl monthly in my 401k and it causes all sorts of hoops when I need to plan for TLH. If you hold the same fund in your IRA or 401(k) as in your taxable account, make sure t...
by DetroitRed
Tue Dec 27, 2011 12:53 pm
Forum: Investing - Theory, News & General
Topic: [Lack of] Auto-rebalancing tool at Vanguard
Replies: 70
Views: 19007

Re: Auto-rebalancing tool at Vanguard

How is Vanguard supposed to know what all your holdings elsewhere are. If you can't rebalance accross all accounts, then this would be a pretty useless, if not detrimental, tool. Just because it's not useful for ALL users doesn't mean it wouldn't be extremely useful for SOME users. Some users prefe...
by DetroitRed
Fri Dec 23, 2011 5:28 pm
Forum: Investing - Theory, News & General
Topic: Expected returns to Stocks
Replies: 99
Views: 7634

Re: Expected returns to Stocks

What's the rationale for excluding financials and utilities from the dataset? This is the common practice in academic finance papers. The idea being that these areas are heavily regulated and so don't act the same as other industries. I've never seen a finance scholar "revisit" this practice to see...
by DetroitRed
Wed Dec 21, 2011 1:53 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs wins my Dubious Distinction Award
Replies: 150
Views: 8866

Re: Goldman Sachs wins my Dubious Distinction Award

Thanks for posting this. I did take the time read this. This appears to be a completely dreadful product compared to other CDs. In fact, it appears to be so bad that I'm surprised the GS would try to sell it. It's a competitive world out there. It seems to me that by trying to sell a product this b...
by DetroitRed
Wed Dec 21, 2011 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Low Interest Rate Environment - Closed End Funds
Replies: 12
Views: 1067

Re: Low Interest Rate Environment - Closed End Funds

When interest rates rise, leveraged closed-end bond funds are decimated. Don't be a yield pig. Rick Ferri As Rick says, when rates rise there will be a stampede out the door and these funds should trade at huge discounts to NAV. If you can't correctly predict when rates will rise (which unfortunate...
by DetroitRed
Mon Dec 12, 2011 10:19 am
Forum: Investing - Theory, News & General
Topic: Structured CD's From Goldman Sacks
Replies: 7
Views: 1139

Re: Structured CD's From Goldman Sacks

Here are my back-of-the-envelope calcs for what you'd have made in the Goldman Sachs product during one of the best stock four-year periods in modern history - 1/1/96 to 1/1/2000. Dow Jones went from 5117 to 11497 ( see http://www.1stock1.com/1stock1_139.htm ). I used this for monthly return data - ...
by DetroitRed
Sun Dec 11, 2011 6:26 pm
Forum: Investing - Theory, News & General
Topic: Structured CD's From Goldman Sacks
Replies: 7
Views: 1139

Re: Structured CD's From Goldman Sacks

Did anyone else notice the "fine print." The four-year CD tracks the monthly percentage change in the Dow, with gains capped at 1.5 percent to 2 percent and no floor on the declines. That means if the Dow advanced 5 percent, the monthly return would be recorded as no more than 2 percent, while a dro...
by DetroitRed
Wed Nov 23, 2011 4:41 pm
Forum: Investing - Theory, News & General
Topic: Vang. Emerge Markets Bond Fund excludes many good countries
Replies: 7
Views: 1105

Re: Vang. Emerge Markets Bond Fund excludes many good countr

I wonder why they don't currency hedge China, India and other countries that don't have USD denominated bonds. Interestingly, the Total International fund does include these countries. I was wondering the same thing. My guess is that countries like China and India will be a very small portion of Va...
by DetroitRed
Tue Nov 22, 2011 11:29 am
Forum: Investing - Theory, News & General
Topic: Vang. Emerge Markets Bond Fund excludes many good countries
Replies: 7
Views: 1105

Re: Vang. Emerge Markets Bond Fund excludes many good countr

Do those countries issue any dollar-denominated debt? Right, I believe the countries I mentioned are excluded because they are able to issue debt in their local currency and therefore don't have to expose themselves to the currency risk of issuing dollar-denominated bonds. Therefore, I think it's i...
by DetroitRed
Tue Nov 22, 2011 9:37 am
Forum: Investing - Theory, News & General
Topic: Vang. Emerge Markets Bond Fund excludes many good countries
Replies: 7
Views: 1105

Vang. Emerge Markets Bond Fund excludes many good countries

I wanted to point out that the new Vanguard Emerging Markets Government Bond Index Fund will exclude the debt of many emerging market countries with high credit ratings. Barry Barnitz posted the list of countries here - http://www.bogleheads.org/forum/viewtopic.php?f=10&t=85971#p1232128 Here are exa...
by DetroitRed
Sat Nov 19, 2011 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: correcting AA to account for tax status of investment
Replies: 24
Views: 1087

Re: correcting AA to account for tax status of investment

5% state tax rate when I retire A lot of states exempt all or some retirement plan withdrawals, especially by retirees. Very true, but some states, California comes to mind, tax pretty much your entire IRA/401k distribution amounts. In my case, barring ill health, I'll almost certainly work part ti...
by DetroitRed
Sat Nov 19, 2011 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: correcting AA to account for tax status of investment
Replies: 24
Views: 1087

Re: correcting AA to account for tax status of investment

I agree 100% with xerty24 about the importance of this. You don't know what the future tax treatment of Roths and non-Roth retirement accounts will be, but at the present time there are large differences. For me there's very little chance that I'll have less than a 25% Fed rate and 5% state tax rate...
by DetroitRed
Tue Nov 15, 2011 5:06 pm
Forum: Investing - Theory, News & General
Topic: New way of transferring money?
Replies: 8
Views: 1068

Re: New way of transferring money?

You also get a number of legal protections with a credit card (e.g. your liability for unauthorized use is capped at $50). I wonder what kind of protections (if any) you get with Dwolla's service to protect you from fraud.
by DetroitRed
Tue Nov 15, 2011 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: LifeStrategy Funds - new allocations set?
Replies: 0
Views: 347

LifeStrategy Funds - new allocations set?

Vanguard's plan is to convert the LifeStrategy Funds to permanent stock/bond allocations. Their announcement about this said it would be done over several months. They've just posted the 10/31/11 allocations and the funds now seem to have moved to their permanent allocations (though at the moment th...
by DetroitRed
Mon Nov 14, 2011 10:16 am
Forum: Personal Consumer Issues
Topic: I can't believe the price of...
Replies: 101
Views: 8161

Re: I can't believe the price of...

hsv_climber wrote:VTI (Vanguard Total Stock Market Index ETF). Only 2.5 years ago, someone could buy it for $35 / share. Today it is $64.51. Ridiculous.
Good one.
by DetroitRed
Fri Nov 11, 2011 12:13 pm
Forum: Investing - Theory, News & General
Topic: VTI vs VTSAX costs
Replies: 22
Views: 2342

Re: VTI vs VTSAX costs

VTI & VTSAX have the exact same return over the last ten years.

If VTSAX's total costs (hidden & unhidden) were twice as high as the ETF this would show up in a divergence of the returns, especially over a period as long as 10 years.