Search found 8407 matches

by jebmke
Wed Sep 05, 2007 11:37 am
Forum: Investing - Theory, News & General
Topic: Market crash, eh?
Replies: 32
Views: 10622

After further, extensive analysis I've been able to pinpoint the drop to 3:47 PM E.T. ... so your morning is free.
Excellent. Can even squeeze in a cafe lunch without worrying about any investors landing on the sidewalk in front of me.
by jebmke
Wed Sep 05, 2007 6:25 am
Forum: Investing - Theory, News & General
Topic: Market crash, eh?
Replies: 32
Views: 10622

Gummy,

Any idea if that is going to be in the morning or the afternoon. I am busy in the mroning. Would prefer to be around when it happens though so I could rearrange my schedule if you think it will be earlier.

thanks,

jb
by jebmke
Tue Sep 04, 2007 10:20 pm
Forum: Investing - Theory, News & General
Topic: How soon is too soon to get my money out of Smith Barney?
Replies: 22
Views: 4748

Move it now. The loads are sunk cost (see link below) and the high expense ratios will continue to put money in S-B's pocket and not your retirement investments. http://en.wikipedia.org/wiki/Sunk_cost btw - the $230 lost load is a relatively inexpensive lesson. Some of my lessons were a lot more cos...
by jebmke
Tue Sep 04, 2007 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: HELP: Payoff 2nd Mortgage or Invest ?
Replies: 18
Views: 4108

If the interest on the 2nd is deductible then the 8.25% is before tax. Nonetheless, hard to find a pre-tax investment that would match this.
by jebmke
Mon Aug 27, 2007 4:04 pm
Forum: Investing - Theory, News & General
Topic: 10,20,50~ New Currency
Replies: 1
Views: 1192

I lived in Belgium for three years and got out of the habit of carrying much currency. Everything was debit card .. even for small stuff there was a chip on the card that could be used like currency for things like parking meters and vending machines. coming back here to currency and checks was a st...
by jebmke
Sun Aug 26, 2007 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Larry, Long Term Care Insurance
Replies: 9
Views: 2848

I'm not sure I buy into the "self-insure" strategy. If you have 3 million in assets (or even 4-5-6-7 million), would you self-insure and not carry auto, health, or house-property insurance? I don't think so. With respect to auto and homeowners insurance, you need to decompose the property part and ...
by jebmke
Sun Aug 26, 2007 10:25 am
Forum: Investing - Theory, News & General
Topic: Inside the Countrywide Spending Spree
Replies: 28
Views: 6289

I read the article and I also came away non-plussed. Countrywide sells money. They buy money at wholesale and sell it at retail. They could've been selling groceries, cars, healthcare, a restaurant meal, plumbing services, ..., whatever. Caveat emptor. I think this is an oversimplification. Taken t...
by jebmke
Sun Aug 26, 2007 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate speculators feel the pain
Replies: 11
Views: 2895

NT Times front page coverage on housing today.

http://www.nytimes.com/2007/08/26/busin ... ref=slogin
by jebmke
Thu Aug 23, 2007 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: HSA's as pure retirement investment vehicle
Replies: 21
Views: 5254

If you are in the position to benefit from extra tax deferral, I am not certain but I think the benefit of the HSA is more than tax deferral . If I am not mistaken, when you withdraw from the HSA to pay a medical bill you don't pay tax on this withdrawal. If that is true, it is more than just a tax...
by jebmke
Thu Aug 23, 2007 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Short Term TE more trouble than it's worth for savings?
Replies: 3
Views: 1279

Using TE vs non-TE is a simple calculation. The ST TE does not have private activity bonds subject to AMT so this is no longer an issue. The TE MM fund does. For this reason, I shifted my liquid assets to the ST TE. In order to avoid monthly incremental additions to the basis of this fund, I have th...
by jebmke
Thu Aug 23, 2007 5:23 pm
Forum: Investing - Theory, News & General
Topic: Index funds I'd like to see...
Replies: 25
Views: 6008

I think we need a Total Market - Market Neutral fund. It invests in VTI, while shorting VTI.
That is called the mattress index.
by jebmke
Wed Aug 22, 2007 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should married couples only have joint accounts
Replies: 29
Views: 9399

It looks like stepped up basis may become a moot point in 2010.
Looks like people better get organized and make sure they die in the next three years.
by jebmke
Wed Aug 15, 2007 4:36 pm
Forum: Investing - Theory, News & General
Topic: Investment porn at its finest...
Replies: 2
Views: 1088

Then there is this knucklehead

http://tinyurl.com/ysxpr5
by jebmke
Wed Aug 15, 2007 7:50 am
Forum: Investing - Help with Personal Investments
Topic: "Household relationship" designation at Vanguard?
Replies: 8
Views: 3229

Vanguard will even grant Flagship status to family members who individually do not qualify if one of the family is Flagship status.

My spouses brother and sister were granted Flagship status purely on the basis of our account status.
by jebmke
Mon Aug 13, 2007 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Please Help -Individual Account vs. Joint Account
Replies: 4
Views: 2019

There are different forms of joint account that behave differently with respect to estate taxes (specifically the marital deduction). Our attorney advised us to have our joint accounts as J"oint tentant in common" (without rights of survivorship). A garden variety joint account typically does have r...
by jebmke
Thu Aug 09, 2007 2:15 pm
Forum: Investing - Theory, News & General
Topic: Hedge Fund Guy Reviews John Bogle's New Book
Replies: 20
Views: 6446

Wonder what kind of day he is having now?
by jebmke
Wed Aug 01, 2007 4:56 pm
Forum: Investing - Theory, News & General
Topic: It pays to diversify
Replies: 14
Views: 3482

of course, you could be these guys and really feel bad

http://tinyurl.com/3547c7
by jebmke
Tue Jul 31, 2007 2:18 pm
Forum: Investing - Theory, News & General
Topic: Hedge Fund Idiot of the Day - John Devaney
Replies: 14
Views: 7723

Actually, I think it is called a submersible now.
by jebmke
Tue Jul 31, 2007 1:51 pm
Forum: Investing - Theory, News & General
Topic: It pays to diversify
Replies: 14
Views: 3482

It pays to diversify

SAN FRANCISCO (MarketWatch) -- American Home Mortgage Investment Corp. said Tuesday it has missed margin calls from its lenders and has hired advisers to consider strategic options including the liquidation of its assets. Shares of the company plunged 87% to $1.35 during afternoon trading on Tuesday.
by jebmke
Wed Jul 25, 2007 12:36 pm
Forum: Investing - Theory, News & General
Topic: Hedge Fund Guy Reviews John Bogle's New Book
Replies: 20
Views: 6446

Mel,

I think it was you who said, in an earlier post: "Another poor village deprived of an idiot"...

Cheers
by jebmke
Sun Jul 08, 2007 7:09 pm
Forum: Investing - Theory, News & General
Topic: AMT Basics
Replies: 4
Views: 1191

Although the AMT rules are very obscure It isn't well known but the AMT mathematics have been derived from early work on cold fusion. When the reaction failed to start, they needed an alternative use for the complex equations that were developed for cold fusion. It is even less well known that the ...
by jebmke
Mon Jun 18, 2007 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to park one's Emergency Fund?
Replies: 47
Views: 19882

I take a slightly different view on an emergency fund. First, you have to define what exactly your emergency fund is. Is it a savings fund that you will tap for large purchases (vacations, cars, plasma tv, etc..). Or is it like I define 100% pure income replacement. To some, I guess a vacation, car...
by jebmke
Sat Jun 16, 2007 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: OT: protecting assets while owning rental property
Replies: 4
Views: 1578

What we were told is that the assets held by the LLC are separate and if something were to happen, caused by the LLC's assets that the corporate limited liability would probably shield the risk from our personal assets. For example, if a pipe burst and flooded the condo downstairs. The owners downst...
by jebmke
Sat Jun 16, 2007 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: OT: protecting assets while owning rental property
Replies: 4
Views: 1578

We have a rental condo held in an LLC. Personal Umbrella extends to this property as well but the LLC adds another layer of protection. Lawyer advised us to make sure we act like an LLC. Keep a separate checking account in the name of the LLC and use this to pay taxes, fees, repairs etc. The shareho...
by jebmke
Wed May 30, 2007 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Farewell Larry and Hans
Replies: 5
Views: 2284

I bought this a long time ago and have been working other and bigger repositioning issues. I decided about two years ago to pace myself through thme over a reasonable period of time in order to avoid being paralyzed by the whole process and not get anything done.
by jebmke
Wed May 30, 2007 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Farewell Larry and Hans
Replies: 5
Views: 2284

Farewell Larry and Hans

Dumped my position in KAUFX today (ER 1.95% .. yes, that is 195bp).

Final poke in the eye was a .2% redemption fee.

At least I sold on a strong uptick.
by jebmke
Wed May 30, 2007 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 'accounts'
Replies: 21
Views: 6662

also keep a reserve of money in a money market in my account (which is also part of my emergency fund), then "exchange" from that fund into a new fund. Spyder - I shove all my emergency and "excess" cash into ST TE Bond fund. It is "near-cash" but does not invest in private activity bonds as does t...
by jebmke
Wed May 30, 2007 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 'accounts'
Replies: 21
Views: 6662

I think if you buy your new fund by exchanging from an existing fund, your new fund will have the same base account number as the one you exchanged from. This is how it has worked for me. All inbound money goes into my money market account. I then transfer to an existing non-MM fund account or if I...
by jebmke
Tue May 29, 2007 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: LEASE vs. OWN
Replies: 20
Views: 5739

If you think the two houses are equivalent, why not just do a sale/lease-back of your own house and save the trouble of moving?
by jebmke
Tue May 29, 2007 5:38 pm
Forum: Investing - Theory, News & General
Topic: Who is your financial Idol?
Replies: 44
Views: 17518

by jebmke
Tue May 29, 2007 4:57 pm
Forum: Investing - Theory, News & General
Topic: Please Help: Holding TIPS bond Funds vs TIPS Bonds
Replies: 12
Views: 4122

Jean: last year when TIPS real rates ran up to the 2.5-2.6 range I did what Larry suggested since there was not an auction imminent. I dumped some of my IRA in the VG TIPS fund just to get the position. Was too busy to fuss with the last couple auctions and rates dropped back for a while. Auction in...
by jebmke
Fri May 25, 2007 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I place my emergency fund at Vanguard? Bonds?
Replies: 18
Views: 4866

I keep mine split as follows. Smaller balance in a bank money market account. Accessible at a moments notice via ATM or walk in the bank. Most of the rest is in short-term, tax exempt bond fund duration approx 1 year). This has a slightly higher yield than the tax-exempt money market fund but the ma...
by jebmke
Thu May 24, 2007 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Smart phones?
Replies: 18
Views: 4976

The Nokia 6310 was/is a great phone. Almost indestructible and the batteries last forever. Sort of the A-10 of phones. I had one when I lived in Europe and it had more scratches and dings from being dropped on the pavement and it kept on ticking.
by jebmke
Wed May 16, 2007 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Liability concerns
Replies: 5
Views: 2318

We set up an LLC for some investment property. Our attorney suggest that we do everything we can to keep things separate and clearly part of the LLC. Separate bank account, insurance policy, records (even simple financial statements help). The substance will be judged as a collective, not a single i...
by jebmke
Wed May 16, 2007 12:24 pm
Forum: Investing - Theory, News & General
Topic: AMT and Capital Gains
Replies: 9
Views: 3264

I have categorized funds & stocks that I want to "clean up" in descending order of ER. Some high ER funds have a short payback so I will sell them off first. Other stuff like some individual stocks don't have any ER and are really more clutter than anything else. I will hold on to them and liquidate...
by jebmke
Mon May 07, 2007 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability
Replies: 27
Views: 10478

We did that with a property we are holding for investment. I am not sure you could do it with your primary residence though. Our lawyer counseled that you have to be diligent about keeping the form intact. Separate bank accounts etc. so that it is not a sham corporate entity.
by jebmke
Sun May 06, 2007 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability
Replies: 27
Views: 10478

from Insurance.com: They suggest you focus on what your risks are vs. what your assets are. There is no exact science when it comes to determining the appropriate level of personal liability insurance coverage, but you probably need more liability insurance than you think. For example, standard home...
by jebmke
Wed May 02, 2007 4:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Commissions much too high
Replies: 83
Views: 34943

I suspect it would and am happy that the brokerage is set up to simply take care of infrequent traders. Others can go elsewhere. Agree. I am a flagship client and the only need I have is for an occasional trade to liquidate some individual stocks I acquired through inheritance and, in my early inve...
by jebmke
Tue May 01, 2007 5:33 am
Forum: Investing - Theory, News & General
Topic: Why Elderly are Good Scam Targets
Replies: 32
Views: 12063

Wise, The dementia scenario is one thing but I think in this case described here, the best defense is to keep your portfolio simple so you don't even have to think about it. If you are spending more time worrying about what to have for dinner and what wine to pair with that, then you probably won't ...
by jebmke
Mon Apr 30, 2007 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability
Replies: 27
Views: 10478

thanks for the inputs.

Wise ... thanks for link. I tried a search and must have missed this thread somehow. Helpful discussion.
by jebmke
Sun Apr 29, 2007 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability
Replies: 27
Views: 10478

Umbrella Liability

I am revisiting my insurance coverage. I am curious as to opinions of the diehards on how to choose how much liability insurance to carry. I realize there is no science to this but curious.

Thanks

jeb
by jebmke
Tue Apr 24, 2007 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Brother-in-law investment strategy
Replies: 14
Views: 3972

Thanks to all who replied. Many good suggestions. Laura - FYI we have stepped in with some support indirectly. One thing we discussed with FIL in final months was that we would use my wifes portion of the inheritence to purchase a condo for him to live in rent free. We hold the title and pay for the...
by jebmke
Tue Apr 24, 2007 1:26 pm
Forum: Investing - Theory, News & General
Topic: Simons, Griffin, Lampert earn over $1 bln in 2006
Replies: 8
Views: 2433

I've already heard several people today refer to these compensation packages as "criminal", "ridiculous", and "fraudulent" combining these three terms in one sentence is inappropriate. Criminal and fraudulent, presumably are determined by statute and judicial precedings. Ridiculous is a judgment ca...
by jebmke
Tue Apr 24, 2007 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return Procrastination
Replies: 19
Views: 7075

I could not vote as I almost always file an extension. Need to add "October" to the poll choices
me too
by jebmke
Tue Apr 24, 2007 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Brother-in-law investment strategy
Replies: 14
Views: 3972

yes
by jebmke
Tue Apr 24, 2007 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Help with Brother-in-law investment strategy
Replies: 14
Views: 3972

We explored this before his father died and we were not able to get his father to help drive this along. I suspect it was too much for him to admit that his son was disabled. We did talk to one attorney who suggested that now that he has "substantial assets" the chance of qualifying for SSI would be...
by jebmke
Tue Apr 24, 2007 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Help with Brother-in-law investment strategy
Replies: 14
Views: 3972

Help with Brother-in-law investment strategy

When my father-in-law died last year my B-I-L inherited a little over $500K. His situation is as follows: Age 56 He has never really held a job. Lived at home his entire life, supported by his parents now both deceased. He is what I call emotionally disabled. Quite intelligent but cannot function in...
by jebmke
Wed Apr 18, 2007 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage or not?
Replies: 2
Views: 1002

Mortgage or not?

I am about to buy a house after three+ years out of the country. My company's relo program pays up to one point for mortgage discount. I have the cash to do all cash without encroaching on emergency funds. Current situation is, age 54, about to early retire at age 55. Pension does not start for 10 y...
by jebmke
Mon Apr 16, 2007 1:15 pm
Forum: Investing - Theory, News & General
Topic: What is S&P500 index "resistance level"
Replies: 5
Views: 1690

The definitive academic work on technical analysis can be viewed here.


http://tinyurl.com/2sjauj

jeb
by jebmke
Wed Apr 11, 2007 1:44 pm
Forum: Investing - Theory, News & General
Topic: House payments-to-income
Replies: 16
Views: 6020

should we impute rent for home not financed?