Search found 387 matches

by kenbrumy
Sun Apr 05, 2009 5:59 pm
Forum: Investing - Theory, News & General
Topic: US watchdog calls for bank executives to be sacked
Replies: 10
Views: 2128

Re: US watchdog calls for bank executives to be sacked

At that point I'll get myself a tin foil hat and sit out the next 4 or 8 years with everything in non-US govt bonds or gold. I can see why you might support no hair-cut for corporate bond holders. However, the fact is, and should be, the bond holders also have something at risk. IMO all the failed ...
by kenbrumy
Sun Apr 05, 2009 5:11 pm
Forum: Investing - Theory, News & General
Topic: Is the stock market cheap?
Replies: 18
Views: 3389

What has happened in the stock market's past provides very little insight as to what is going to happen in the future. The market goes down until its ready to go up and visa versa. So far, whenever the market has gone down drastically it has eventually recovered. I know several people that rode the ...
by kenbrumy
Sun Apr 05, 2009 5:02 pm
Forum: Investing - Theory, News & General
Topic: US watchdog calls for bank executives to be sacked
Replies: 10
Views: 2128

Re: US watchdog calls for bank executives to be sacked

http://www.guardian.co.uk/business/2009/apr/05/useconomy-regulators Elizabeth Warren, chief watchdog of America's $700bn (£472bn) bank bailout plan, will this week call for the removal of top executives from Citigroup, AIG and other institutions that have received government funds in a damning repo...
by kenbrumy
Sun Apr 05, 2009 8:31 am
Forum: Investing - Theory, News & General
Topic: March: Investors Pour $8B Into ETFs
Replies: 10
Views: 2009

I hate that phrase "Never catch a falling knife". How does one identify it to be a falling knife, and not a baby thrown out with the bath water? I tend to agree with you but I've unfortunately tried to catch many falling knives. The key message of the phrase is to not jump into an asset while it's ...
by kenbrumy
Mon Mar 30, 2009 4:12 pm
Forum: Investing - Theory, News & General
Topic: The fall of housing prices
Replies: 55
Views: 8622

I closed on my house Mar 26 and feel the price fell about 10% from where our area in Houston peaked in the summer of 2008. I'll be renting for a while because serious cracks are starting to show up in the Houston economy. We're starting to see serious numbers of repos and short sales. I feel I sold ...
by kenbrumy
Sun Mar 29, 2009 4:56 pm
Forum: Personal Investments
Topic: Transition to retirement
Replies: 9
Views: 2662

If you have a large profit in the company stock, you have the option to redeem these shares out of the plan and only pay the current 15% LT capital gains. This is much better than bringing it out at your regular tax rate. I'm not sure of all the rules but I suggest you look into it. Your former empl...
by kenbrumy
Sat Mar 28, 2009 2:26 pm
Forum: Investing - Theory, News & General
Topic: The difference between ETrade and Vanguard
Replies: 5
Views: 1795

I got the Etrade email too. I'm there because I mostly use ETFs and their commissions are less than Vanguard. I thought about moving to Vanguard but there doesn't seem to be enough reasons to make it worth moving. I do keep wondering who's going to take over Etrade and if that will give me enough re...
by kenbrumy
Sat Mar 28, 2009 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: [poll] What amount of money do you think you need to retire?
Replies: 44
Views: 6543

Also, there are degrees of retirement. What do you think is the minimum you could live on? What do you think you need for a decent but not lavish retirement? Finally, what do you need for the type of retirement you'd like to have based on your more optimistic plan?
by kenbrumy
Sat Mar 28, 2009 2:17 pm
Forum: Investing - Theory, News & General
Topic: is there a cash/safe threshhold you won't rebalance below?
Replies: 17
Views: 2467

I one of my more brilliant moves (mostly by luck) was to move from 90% equities to 60% equities in Aug 2007. I picked 40% fixed because that was the amount of money I calculated I would need for a basic retirement which also included my SS and a small pension. I decided that the stock gains and divi...
by kenbrumy
Sat Mar 28, 2009 9:10 am
Forum: Investing - Theory, News & General
Topic: TIPS rally, shifting maturity strategy sell?
Replies: 17
Views: 3663

I sold my 1/15/2025 TIPs at 103.8 right after the Fed announced their buy back program. They are now about 105. I can't see buying TIPs with their yield under 2% which is artificially driven down by Fed action. I have piles of money in Federal MM and FDIC insured accounts but I won't tie things up l...
by kenbrumy
Fri Mar 27, 2009 10:29 am
Forum: Personal Investments
Topic: Annuity (AIG)
Replies: 8
Views: 1811

My siblings and I recently cashed in an annuity that our father bought from AIG. When we started the process, we were given all sorts of reasons to leave the money in the annuity. My sister (who was the primary contact for the annuity) was told outright lies to get her to not cash it in. My only con...
by kenbrumy
Wed Mar 25, 2009 7:21 am
Forum: Personal Finance (Not Investing)
Topic: the inexperienced spouse
Replies: 19
Views: 4505

You definitely need a durable power of attorney for someone to take over for you and/or your wife when you become incapable of managing your own affairs. I'm not yet 60 but plan to turn my finances over to my children on my 80th birthday if I manage to make it that long. They have a POA now and have...
by kenbrumy
Tue Mar 24, 2009 5:15 pm
Forum: Personal Investments
Topic: Annuity Questions
Replies: 14
Views: 3030

Thanks for your input. I was just reading the sections in the boglehead book about annuities and this was one of my main takeaways. I am glad to have you reaffirm my thoughts. I am thinking a portion of my cd money may be better served in an annuity. I would view it as a higher risk cd. Although I ...
by kenbrumy
Mon Mar 23, 2009 8:43 pm
Forum: Investing - Theory, News & General
Topic: Retirement Planning: Some Big Questions
Replies: 3
Views: 1574

Re: Retirement Planning: Some Big Questions

And here are three of the big questions. 1) What should the “normal retirement age” be? 2) Why does only about 10% of the population purchase long-term care insurance? 3) Where should we center responsibility and authority for arranging retirement income? Bob K 1. When you are ready emotionally and...
by kenbrumy
Mon Mar 23, 2009 11:50 am
Forum: Investing - Theory, News & General
Topic: Please critique my new article: "A Safer Withdrawal Pla
Replies: 68
Views: 9648

Bob, I like the overall flow of the plan/article. It's a reasonable approach but not what I am going with. In August 2007 I decided I was foolish being 90% in equities. I figured that if I moved enough equities into fixed/cash I could support a basic retirement. That was 60% equities. Luxuries and t...
by kenbrumy
Sun Mar 22, 2009 12:34 pm
Forum: Personal Consumer Issues
Topic: Good news! At least today.
Replies: 35
Views: 7980

The company I work for used to have 5,000 employees. There have been weekly RIFs with it just now kicking into high gear. There hasn't been any announcements but consensus amongst us survivors is that we've lost at least 500 and possibly 1,000. Business is still declining so more is coming. On the p...
by kenbrumy
Sat Mar 21, 2009 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: going to see a fee only based CFP
Replies: 34
Views: 5549

kenner,

Well said.

Unfortunately, I think coachz is looking for the "easy button" for high returns and no risk. He hasn't come to the realization that there isn't one.
by kenbrumy
Sat Mar 21, 2009 2:21 pm
Forum: Investing - Theory, News & General
Topic: 511.66!? My line in the (quick)sand. (On re-balancing).
Replies: 125
Views: 14702

Henry, This is extraordinarily simple. Choose a dollar amount representing a portion of your current portfolio that you want to have left over in the event that the stock market goes to zero. Invest that amount in U.S. Treasury securities. Do not sell them no matter which direction the stock market...
by kenbrumy
Sat Mar 21, 2009 1:02 pm
Forum: Personal Investments
Topic: Retirement planning
Replies: 62
Views: 7542

The house is not for sale period. I'm afraid your problem is self inflicted. You don't have enough money to maintain your current lifestyle and you refuse to do anything to reduce your lifestyle. You can probably make a decent run at retirement but you have to SELL THE HOUSE . If you won't consider...
by kenbrumy
Sat Mar 21, 2009 1:00 pm
Forum: Personal Investments
Topic: Retirement planning
Replies: 62
Views: 7542

The planning is why i'm here. I'm hoping to learn some strategies here other than work till you're too old and then die which is how it feels right now. Specific investment choices would be nice too. Thank you for any information. I don't think any of us have "magic" investment choices to generate ...
by kenbrumy
Sat Mar 21, 2009 12:55 pm
Forum: Personal Investments
Topic: Retirement planning
Replies: 62
Views: 7542

that plan sucks. work till 65, get social security, medicare and die from working too much. I'm trying to find ways NOT to work......it's that retirement thing in the subject line . I'm afraid your problem is self inflicted. You don't have enough money to maintain your current lifestyle and you ref...
by kenbrumy
Sat Mar 21, 2009 11:06 am
Forum: Personal Finance (Not Investing)
Topic: going to see a fee only based CFP
Replies: 34
Views: 5549

Can you guys recommend anyone here in Charleston, SC that is a known entity in alignment with this groups ideals so I can get some face to face service ? I agree with the earlier comment that you should learn about your own financial plan and ask questions here. No one cares more about your money t...
by kenbrumy
Sat Mar 21, 2009 10:54 am
Forum: Personal Investments
Topic: Retirement planning
Replies: 62
Views: 7542

No pension unfortunately. Given that my goal of immediate retirement is unobtainable, with the house paid off in 2.5 years, where should my money be going to get me there asap. Selling the house is not an option either. Thank you very much for all the great info. Your house is probably the biggest ...
by kenbrumy
Sat Mar 21, 2009 8:36 am
Forum: Personal Investments
Topic: Retirement planning
Replies: 62
Views: 7542

I didn't see any pension income that may be available. Most workers in their 50's usually have one small payment from an old employer. For my comments, I'll assume you don't have one. From your numbers you don't have a prayer of sustaining a $50,000 annual after tax withdrawl from your portfolio (le...
by kenbrumy
Thu Mar 19, 2009 4:42 am
Forum: Personal Investments
Topic: Investing with TIPS
Replies: 32
Views: 5468

Re: TIPS today

For everyone's information,Vanguard's TIPS fund went up 3.74% today. That's unusual bond volatility--but fortunately on the upside. I sold all of my TIPs about 2:30 yesterday. The actual bond moved up almost 4% in less than an hour. I looked at the yield and said I'd never buy a TIP with a yield un...
by kenbrumy
Mon Mar 16, 2009 4:30 am
Forum: Investing - Theory, News & General
Topic: Investing in Rental Properties as Inflation Hedge
Replies: 36
Views: 5913

I have recently concluded that it is better financially to be a renter. The downside is that you need to be able to move relatively quickly to avoid rent increases. The upside is that you don't have to worry about the AC failing or the roof needing to be replaced. Even in this depressed RE market, t...
by kenbrumy
Sun Mar 08, 2009 5:07 pm
Forum: Personal Investments
Topic: Panic setting in – Why not move to safer investments?
Replies: 38
Views: 6245

I have recently sold my house. I convinced my siblings to cash in my deceased father's VA (small change vs my portfolio but very big to some of them) before more damage is done. The cash will increase my govt guaranteed savings by about 10%. I can't bring myself to invest more into equities at this ...
by kenbrumy
Sun Mar 08, 2009 3:48 pm
Forum: Personal Investments
Topic: Panic setting in – Why not move to safer investments?
Replies: 38
Views: 6245

I am coming up on my voluntary retirement in about 2 years which may become a forced early retirement by my employer. I had been an equities junky all my life when I did a few calcs and realized a big market collapse would ruin all of my plans. I figured I could have a "basic" retirement with SS and...
by kenbrumy
Sat Mar 07, 2009 4:56 pm
Forum: Investing - Theory, News & General
Topic: Stocks for the Long Run - Let's revisit
Replies: 36
Views: 4967

These things happen every so often. They've happened in the past and they will happen again. The key is to determine a good AA for your personal situation. I'd love to have known back in Oct 2007 that it was the high and that things would get so bad. I didn't. I'd love to know where the bottom will ...
by kenbrumy
Sat Mar 07, 2009 2:23 pm
Forum: Investing - Theory, News & General
Topic: Shorting
Replies: 44
Views: 7211

Re: Exacerbating problems

I think we all agree unlimited naked shorting is unacceptable. Can you explain the circumstances where you think limited naked shorting is appropriate? naked shorting creates the appearance of greater supply and seems analagous to counterfeiting. There need to be serious consequences for Failures t...
by kenbrumy
Sat Mar 07, 2009 10:45 am
Forum: Investing - Theory, News & General
Topic: Shorting
Replies: 44
Views: 7211

Re: Exacerbating problems

For the third and final time I AM NOT blaming shorts for the market's problems. I'm saying that it can exacerbate them. In both directions. Why is this so hard to understand? I was disagreeing with you contention that shorting has exacerbated the market's problems. I believe that shorting makes the...
by kenbrumy
Sat Mar 07, 2009 10:03 am
Forum: Investing - Theory, News & General
Topic: Shorting
Replies: 44
Views: 7211

We had a "perfect storm" in 2008 that is still going on. We had massive amounts of liquidity available to hedge funds and others. It contributed to extreme overvaluations of various commodities and real estate by encouraging speculation. When the bubble popped, the "perfect storm" still existed but ...
by kenbrumy
Wed Mar 04, 2009 6:39 pm
Forum: Investing - Theory, News & General
Topic: Hanging On, or How to Get Thru a Depression and Enjoy Life
Replies: 35
Views: 6186

Mitchell777 wrote:My grandfather only could get odd jobs during the Depression, but my grandmother worked all the time because she could sew
Today she'd have to be living in the Dominican Republic or Mexico. :D
by kenbrumy
Tue Mar 03, 2009 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: House buying is causing marital issues
Replies: 60
Views: 9029

I skipped ahead so someone may have mentioned my points. First, why do you want the house. Do you want a better environment for the kids or is this your wife's desire to get into "Better Homes and Gardens?" Men have the unfortunate tendency to identify themselves and their worth by their jobs. Women...
by kenbrumy
Sat Feb 28, 2009 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirees: Plan B = Do not rebalance?
Replies: 15
Views: 3112

I have a cash/fixed income portion that was 40% and 60% equities in 2007. It is now almost 60/40. My equities have been crushed. My selection of 40% was based on the amount of cash/fixed needed to support a modest but decent retirement. I won't rebalance into equities with one penny of this money. I...
by kenbrumy
Sat Feb 28, 2009 5:44 pm
Forum: Personal Consumer Issues
Topic: Jury duty...help!
Replies: 63
Views: 9230

I was on call for a week once but 4-6 weeks seems like "cruel and unusual punishment." If you are a "good citizen," you have to go but you can always get out of having to serve on a jury by answering one of the questions where you show you are prejudiced for or against one side. It doesn't keep you ...
by kenbrumy
Sat Feb 28, 2009 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: If a bankruptcy judge can change mortgage principal ?
Replies: 10
Views: 2262

Cram down is the worst, absolutely the worst, thing that ever came out of (well, I won't go further). Contracts basically have no meaning any more. Isn't that the whole point of bankruptcy? You signed a contract on your car loan. You signed a contract with your credit card company. You signed a con...