Search found 165 matches

by laughlinlvr
Fri Jun 20, 2014 1:13 pm
Forum: Investing - Theory, News & General
Topic: Do you see profit or ponzi?
Replies: 109
Views: 14790

Re: Do you see profit or ponzi?

Long before I came to Bogleheads I remember reading something that goes like this: "The Forbes 400 lists the 400 wealthiest individuals in the country. Not one of them made their wealth through trading using technical analysis." I also remember another nugget of investing wisdom that goes something ...
by laughlinlvr
Thu Jun 19, 2014 10:18 am
Forum: Investing - Theory, News & General
Topic: Do you see profit or ponzi?
Replies: 109
Views: 14790

Re: Do you see profit or ponzi?

+1 for the fatuous gobbledegook. This reminded me of an episode of "American Greed" I recently watched for a second time. It was an episode in which a man who had failed at many things in life claimed to have a strategy that generated 20% monthly returns. He named the trading strategy "candlesticks"...
by laughlinlvr
Thu May 29, 2014 10:23 am
Forum: Investing - Theory, News & General
Topic: Failure of active fund managers (example)
Replies: 10
Views: 1116

Re: Failure of active fund managers (example)

-1 Comparing the performance of a state's pension funds to the return of the US market is wrong IMO. Pension funds have always been understood to be bastions of safety, with liquidity requirements to be managed. A comparison with bond funds is therefore more appropriate. It's because we in the US (a...
by laughlinlvr
Fri May 23, 2014 8:01 am
Forum: Investing - Theory, News & General
Topic: We won best paper from S&P SPIVA worldwide!
Replies: 39
Views: 5010

Re: We won best paper from S&P SPIVA worldwide!

Congratulations Rick. Thanks for all you do - for veterans, for Bogleheads and for individual investors.
by laughlinlvr
Wed May 14, 2014 9:09 am
Forum: Personal Consumer Issues
Topic: Grand Canyon
Replies: 59
Views: 7416

Re: Grand Canyon

I've done extended visits and quickie ones. Here's my $0.02: 1. Busiest month is October. (As was confirmed during last year's govt. shutdown where State of Arizona offered to fund GCNP by itself so as not to lose the toursit dollars.) Parking can be an issue at peak times. 2. A seminal experience i...
by laughlinlvr
Mon May 12, 2014 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job Search Question (HR Question)
Replies: 10
Views: 1193

Re: Job Search Question (HR Question)

You could take a volunteer position that in some way rounds out your life experience. Or you can become a self-employed consultant. The advantage is that your resume shows a minimal gap in work experience. The disadvantage is that since you normally list the most recent position topmost this could d...
by laughlinlvr
Wed Apr 09, 2014 11:53 am
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 4551

Re: Roth IRA - tax free - totally ?

Back to ROTH IRAs: For the vast majority of contributors, they can consider the ROTH to be "tax-free" when they take their distribution (or contribution). "Tax-free" means "Income tax free." As other posters have pointed out, in order for this to be the case certain conditions need to be met. These ...
by laughlinlvr
Mon Mar 31, 2014 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 12769

Re: Death of co-worker

Correlation does not signify causation. When I hear these carpe diem arguments used to imply saving for retirement is a fool's quest, I cringe. Putting aside money for a retirement no more brings on an early death than writing a will does. (And there are plenty of people who subscribe to that supers...
by laughlinlvr
Thu Mar 27, 2014 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Discovered reason for taxable savings/investment
Replies: 11
Views: 1861

Re: Discovered reason for taxable savings/investment

My wife and I have discovered ... it pushed us above the point where all of the taxes would have been "forgiven". We would have been very significantly better off had we just had that $17,000 in a taxable account. -1 Please be sure to let your fellow citizens know of this mechanism available to tho...
by laughlinlvr
Mon Mar 24, 2014 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 16020

Re: Do you love your job? What do you do?

jackpullo997 wrote:People who save while living miserable lives just to fund some retirement are worshiping a false idol...Hustling for money is for poor people.
-1
by laughlinlvr
Tue Mar 18, 2014 9:09 am
Forum: Personal Consumer Issues
Topic: Viking River Cruises
Replies: 31
Views: 6788

Re: Viking River Cruises

A couple I know took the Rhine cruise over Christmas. They returned with glowing reports of the high standard of service.

Only downside was the flight to Europe which had them arriving tired and jet-lagged. But that is not the fault of Viking.
by laughlinlvr
Tue Mar 18, 2014 7:28 am
Forum: Personal Investments
Topic: What to do without a 401k?
Replies: 18
Views: 1613

Re: What to do without a 401k?

I have done this kind of consulting in the past. For other BHs the situation arises in that one becomes an employee of the consultancy which then sends you out on an as-needed basis to clients. The fact that this could be a single client and a long-term engagement is neither here nor there. So one's...
by laughlinlvr
Fri Mar 07, 2014 12:28 pm
Forum: Personal Investments
Topic: 62 years old - starting all over again
Replies: 27
Views: 5709

Re: 62 years old - starting all over again

When a person has worked long and hard hours in IT and not been paid for it, finding yourself destitute many times This strikes me as overly dramatic. I would point out that 40 years ago (mid-Seventies) IT was dealing with punch card entry. This would have been an hourly paid job. If the OP is a pr...
by laughlinlvr
Thu Feb 20, 2014 10:54 am
Forum: Personal Consumer Issues
Topic: Continual phone solicitation by a debt consolidation company
Replies: 34
Views: 4137

Re: Continual phone solicitation by a debt consolidation com

One of the things I liked to do when feeling playful was to ask who's calling. Then, with whatever name they use I'd say: "Hang on..." then putting the phone down I'd loudly call out: "It's for you. It's (Janet, Heather, Roger or whomever) is on the phone." Then I'd go back every few minutes and say...
by laughlinlvr
Thu Feb 13, 2014 11:18 am
Forum: Personal Finance (Not Investing)
Topic: average saving rate affect on ability to retire
Replies: 27
Views: 4451

Re: average saving rate affect on ability to retire

I subscribe to this sentiment, but not in the explicit manner of the other posters who answer in terms of wealth and outputs per worker. My take is that the relative aspect of a savings rate is twofold: First, safety nets are geared to averages. This includes ss and other income in retirement. If it...
by laughlinlvr
Sun Feb 02, 2014 9:08 am
Forum: Personal Consumer Issues
Topic: Deleted
Replies: 31
Views: 2612

Re: Visiting NYC (New York City)

Is there a subway going east-west connecting Times Sq and the convention ctr? Not yet. An extension of the #7 line is being built right now, running west from Times Square, then south to Javits. It's supposed to open sometime this summer, just a bit too late for you. :oops: http://web.mta.info/capi...
by laughlinlvr
Fri Jan 17, 2014 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 8967

Re: Who taught you about financial responsibility?

The School of Hard Knocks.

(I was once told that this was the school where they give you the exam first, followed by the lesson. I always liked that.)
by laughlinlvr
Thu Jan 09, 2014 12:00 pm
Forum: Investing - Theory, News & General
Topic: Reporter looking for 401k rollover investors
Replies: 4
Views: 864

Re: Reporter looking for 401k rollover investors

I responded to Mr. Salisbury a few years back when Money Magazine was looking to write an article about those who self-manage their retirement assets (i.e. Bogleheads for a start). I was interviewed by a very pleasant person who told me that the article would be coming out soon.

It never did.
by laughlinlvr
Mon Nov 25, 2013 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Does condo have to be sold to qualify for Medicaid?
Replies: 7
Views: 1523

Re: Does condo have to be sold to qualify for Medicaid?

toofache32 wrote:Am I the only one here who thinks personal assets should be used before asking the rest of us to pay for things?
+1
by laughlinlvr
Wed Nov 13, 2013 9:29 am
Forum: Personal Investments
Topic: Best "Indirect Financial advice" you ever received?
Replies: 66
Views: 5510

Re: Best "Indirect Financial advice" you ever received?

Curlyq wrote:"The masses are asses."
+1 or in (pig) latin:

Vox populi, vox cloaca
by laughlinlvr
Tue Sep 24, 2013 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA tax questions
Replies: 4
Views: 704

Re: Roth IRA tax questions

1. Yes. 2. Yes, but you need to dig deeper into exemptions, deductions to be sure you have the threshold figure exactly right. 3. Yes. Calendar year end is threshold for conversions, April 15 (adjusted for legal holidays) is threshold for contributions. Read IRS guide/internet opinion/tax advisor. (...
by laughlinlvr
Thu Aug 29, 2013 11:42 am
Forum: Personal Finance (Not Investing)
Topic: letting money get in the way of everything?
Replies: 34
Views: 4217

Re: letting money get in the way of everything?

Your example of eating out reminded me of a certain proverb... Do not eat the food of a stingy man, do not crave his delicacies; for he is the kind of man who is always thinking about the cost. "Eat and drink," he says to you, but his heart is not with you. You will vomit up the little you have eat...
by laughlinlvr
Wed Aug 28, 2013 11:46 am
Forum: Investing - Theory, News & General
Topic: Retirement: 28 is the new 30
Replies: 20
Views: 3762

Re: Retirement: 28 is the new 30

I don't think I owe them anything as they more or less kicked me out of the house at 18 and offered no lifeline.
+1
by laughlinlvr
Sat May 11, 2013 3:49 pm
Forum: Personal Consumer Issues
Topic: Andrew Tobias book [The Only Investment Guide...]
Replies: 10
Views: 2155

Re: Andrew Tobias book [The Only Investment Guide...]

This was the book that got me started. In my case it was an edition written in the 1980s. He updates it to keep current with tax, regulations and other pertinent information. But it's core philosophy is timeless and I thoroughly recommend whatever would be Tobias' latest edition.
by laughlinlvr
Fri May 10, 2013 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Home Ownership May Actually Cause Unemployment (NY Times)
Replies: 12
Views: 2006

Re: Home Ownership May Actually Cause Unemployment (NY Times

I didn't have to read all this article to realize it's another case of "correlation does not necessarily signify causation."
by laughlinlvr
Wed Apr 24, 2013 8:28 am
Forum: Investing - Theory, News & General
Topic: Frontline--The Retirement Gamble
Replies: 325
Views: 53707

Re: Frontline--The Retirement Gamble

I was quite disappointed in this program – except for the delightful denials by the spokespeople already mentioned. To me, this program reminded me of the kinds of sub-par investigative documentaries that have been held on credit cards and mortgages. To me, they smack of budget journalism. Go round ...
by laughlinlvr
Mon Apr 15, 2013 9:22 am
Forum: Personal Investments
Topic: Vanguard Planner's Advice
Replies: 7
Views: 1243

Re: Vanguard Planner's Advice

I just went through my second annual financial plan with Vanguard's financial planner. I was surprised by the result of the draft they sent ahead of the consultation and also that recommendations for this year differed from those in 2012. My investments however, did not change in that time. So I dec...
by laughlinlvr
Tue Jun 26, 2012 1:52 pm
Forum: Personal Investments
Topic: How does the tax on a Roth work?
Replies: 16
Views: 1958

Re: How does the tax on a Roth work?

Providing the 5-year and/or age 59-1/2 criteria have been met it's the current wisdom that all ROTH withdrawals are tax-free. However, a more rigorous definition is that ROTH withdrawals are not counted as income for Federal income tax purposes. In time this hair-splitting definition may become impo...
by laughlinlvr
Fri Jun 15, 2012 11:25 am
Forum: Personal Consumer Issues
Topic: Foreign film night recommendations.
Replies: 124
Views: 9519

Re: Foreign film night recommendations.

Wages of Fear (in French, Italian, Spanish, German, and English)
Diabolique (the original, in French)
+1

A lot of Korean movies (DVDs) recommended. Here are three of my Korean horror favorites:

Sympathy for Mr.Vengeance
Lady Vengeance
Black House
by laughlinlvr
Fri May 11, 2012 1:32 pm
Forum: US Chapters
Topic: RTP, NC Chapter Meeting Sat April 21, 2012
Replies: 9
Views: 1763

Re: RTP, NC Chapter Meeting Sat April 21, 2012

Do you have a meeting planned for May 19, 2012
by laughlinlvr
Fri Apr 27, 2012 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter: HELP!
Replies: 32
Views: 5280

Re: IRS letter: HELP!

+1 on the popcorn generator. You are probably the first human to have been made aware of this issue. From your initial posting it seems that you did not make a mistake - even though the IRS thinks you did. From now on it's up to you to "prove " your innocence. I'm guessing that there's a form you fa...
by laughlinlvr
Thu Apr 19, 2012 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Coming Out Ahead by Walking Away from Mortgage?
Replies: 48
Views: 4466

Re: Coming Out Ahead by Walking Away from Mortgage?

Here's what I've learned in life in giving out financial advice to people who are preset on a course of action: My advice has come back to bite me. When previously faced with a person determined on their course of action where I have advised in such a manner as to lessen the overall damage or make t...
by laughlinlvr
Tue Apr 10, 2012 10:49 am
Forum: Investing - Theory, News & General
Topic: Are there skilled individual investors?
Replies: 155
Views: 14192

Re: Are there skilled individual investors?

Have you ever physically visited the plant of any of the companies you invest in? Last year I physically visited the plant of a company I invest in. It's located in Sand Springs which is an industrial suburb of Tulsa. I used it as an excuse to visit Oklahoma, which I had never been to before. Best ...
by laughlinlvr
Thu Apr 05, 2012 4:03 pm
Forum: Personal Consumer Issues
Topic: Moonlighting for old employer over weekends/nights
Replies: 15
Views: 1770

Re: Moonlighting for old employer over weekends/nights

Based on the information in your post, I would say you should not work weekends for your employer. This advice would change for a manual or pure production job. You say it's unrelated but offer no further explanation. You have been very fortunate to have been hired away to a completely unrelated fie...
by laughlinlvr
Mon Mar 26, 2012 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Maintain 2 homes?
Replies: 20
Views: 1795

Re: Maintain 2 homes?

So many of the replies here have expressed a preference family life circa pre-financial downturn. Before post WW-II affluence it was very common for men to leave the family in the care of the mother and head go where they could provide a decent income. And it still is in many parts of the world. If ...
by laughlinlvr
Fri Mar 23, 2012 11:37 am
Forum: Investing - Theory, News & General
Topic: Interpreting Standard Deviation
Replies: 31
Views: 3562

Re: Interpreting Standard Deviation

A statistics handbook will be able to help. Standard deviation is a basic concept, so you do not need to consult with and advanced text. Bear in mind that standard deviation is a metric that is derived from **any** array of values. (In this respect it is like average - mean - there's always a value ...
by laughlinlvr
Mon Mar 12, 2012 9:51 am
Forum: US Chapters
Topic: Pat is coming home !
Replies: 115
Views: 13819

Re: Pat is coming home !

Congratulations. All the best. Thanks for all you do.
by laughlinlvr
Mon Feb 27, 2012 11:19 am
Forum: Investing - Theory, News & General
Topic: Another Buffett mistake?
Replies: 23
Views: 3553

Re: Another Buffett mistake?

Do some homework and ask yourself some questions:... Answers to these questions will be posted on February 29th 2100[sic] What is the point of such findings? There is not a single investing being with a stellar track record. In fact the investors one should follow are those who have made mistakes a...
by laughlinlvr
Thu Feb 23, 2012 1:39 pm
Forum: Investing - Theory, News & General
Topic: Can you express your investing philosophy as a Haiku?
Replies: 41
Views: 2917

Re: Can you express your investing philosophy as a Haiku?

Jack Bogle: fired from
Wellington. Now Vanguard owns
it outright. Karma!

As luck would have it,
I came upon Vanguard funds
when I was younger.
by laughlinlvr
Wed Feb 22, 2012 10:20 am
Forum: US Chapters
Topic: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!
Replies: 56
Views: 7879

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

Congratulations. I am so grateful I came upon your knowledge and advice early in my investing career. :D
by laughlinlvr
Tue Feb 21, 2012 1:04 pm
Forum: Forum Issues and Administration
Topic: HAPPY 5TH BIRTHDAY BOGLEHEADS FORUM
Replies: 30
Views: 3236

Re: HAPPY 5TH BIRTHDAY BOGLEHEADS FORUM

A companion when all around are expecting either a hot tip or total financial planning advice in a sound bite for free.

Happy birthday!
by laughlinlvr
Wed Feb 15, 2012 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Industry Aims to Profit From Sterling Payers
Replies: 101
Views: 12921

Re: Credit Card Industry Aims to Profit From Sterling Payers

Valuethinker wrote:
mathwhiz wrote:When you beg to re-enter the Commonwealth under Her Majesty, we'll let you keep your dollar ;-).
After all, it's the currency that's used in the British Virgin Islands. :-)
by laughlinlvr
Wed Feb 15, 2012 12:56 pm
Forum: Investing - Theory, News & General
Topic: Radio interview I did with Ken Smith
Replies: 1
Views: 282

Re: Radio interview I did with Ken Smith

Although you were referred to in the webcast, I gave up after 45 minutes and just sampled the remaining 15 minutes. I think I heard a third voice once. BTW, the hosts gave a pass to Merrill Lynch brokers by saying that they are perhaps really nice folks individually, but the corporate culture is a h...
by laughlinlvr
Wed Feb 15, 2012 9:34 am
Forum: Personal Consumer Issues
Topic: What's the cheapest cell phone if you don't need minutes?
Replies: 82
Views: 12405

Re: What's the cheapest cell phone if you don't need minutes

Have used Tracfone for years. Was with their technical support department yesterday for a problem I was experiencing with receiving text messages. This is the second time in six years I've called tech support. Both occasions were good. The problem was resolved efficiently and promptly. I have been l...
by laughlinlvr
Wed Feb 01, 2012 2:25 pm
Forum: Personal Investments
Topic: How is your relationship with money?
Replies: 54
Views: 5078

Re: How is your relationship with money?

Try

The Financial Wisdom of Ebenezer Scrooge : 5 Principles to Transform Your Relationship with Money

It's not what might coome first to mind considering the title. It's about balance and putting money to good use i.e. generosity, which compulsive savers can have difficulty with.
by laughlinlvr
Wed Feb 01, 2012 11:30 am
Forum: Investing - Theory, News & General
Topic: A Few Notes from the John C. Bogle Legacy Forum
Replies: 19
Views: 2549

Re: A Few Notes from the John C. Bogle Legacy Forum

The day was splendid. I have never before attended a conference that was so highly serviced. The food was sumptuous and served promptly by an army of wait staff. As to my impressions: The big draw was Paul Volcker. He was interviewed along with Jack (John Bogle). This interview was simulcast on Bloo...
by laughlinlvr
Tue Jan 31, 2012 5:33 pm
Forum: Investing - Theory, News & General
Topic: David Swensen remarks at the John C. Bogle Legacy Forum
Replies: 10
Views: 2011

Re: David Swensen remarks at the John C. Bogle Legacy Forum

GUS Sauter stated that the most skilled investor would still need 22% of their portfolio indexed. Regular folks should have about 67% in index funds. (I'm aware that this may fly in the face of Jack Bogle's "age in bonds" and other AA recommendations for individual situations.) I interpreted this as...
by laughlinlvr
Thu Jan 19, 2012 1:30 pm
Forum: US Chapters
Topic: Jack Bogle Event on 1/31st, NYC
Replies: 13
Views: 1879

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

avram 53 wrote:
Try sending an email to the following address: rgavaghan@bloomberg.net
Although the email got sent to someone else, I just heard back that I'm on the invitation list. Thanks so much avram53!