Search found 6372 matches

by Fallible
Mon Nov 22, 2010 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Kathy Kristoff column: Medicare plan changes are coming.
Replies: 4
Views: 1366

Thanks for the link. The Kristoff article is the first I've seen with an alternative to the Medicare.gov comparisons (planprescriber.com) and I will be giving it a try. Also, fyi, there are two excellent and current threads posted by Nisiprius on Medicare and Part D plans.
by Fallible
Sun Nov 21, 2010 1:06 pm
Forum: Investing - Theory, News & General
Topic: Moral duty of investment company
Replies: 12
Views: 1539

Re: Moral duty of investment company

A lot of people know little about investing. Say a company like Vanguard or Fidelity has a fund that their experts have decided isn't very good for investor's. That investors are likely to lose money. Say they have a Seahorse raising or Algae collecting mutual fund and their experts have decided it...
by Fallible
Sat Nov 20, 2010 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: disappearing VGTSX today
Replies: 12
Views: 2319

natureexplorer wrote:Wow. The other day someone mentioned that they were listing the wrong YTM. How can they manage trillions of dollars, but can't get their website in order? Or can't they manage trillions of dollars?
My thoughts exactly. Let's hope it's not the tip of the iceberg...
by Fallible
Fri Nov 19, 2010 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D: baffled
Replies: 33
Views: 5932

Nisiprius: As a practicing physician on Medicare myself, I think I can tell you it's possible to overthink this. You cannot possibly anticipate which medications you might need and what tier they might be in, unless you know what diseases you'll get. For the most part, most conventional drugs are c...
by Fallible
Fri Nov 19, 2010 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Certified Financial Planner
Replies: 24
Views: 5886

Your open-mindedness, healthy skepticism, knowing the right questions to ask, and awareness of your abilities and interests are already setting you on the right path in life. I'm not that knowledgeable of careers in finance or economics, but generally speaking, I can say that you should continue to ...
by Fallible
Thu Nov 18, 2010 11:58 am
Forum: Investing - Theory, News & General
Topic: "Index Funds are Mediocre"
Replies: 10
Views: 3028

Re: "Index Funds are Mediocre"

After reading the Oblivious Investor, hooray for "mediocre!" Really brings home the advantages of indexing.:D
by Fallible
Thu Nov 18, 2010 11:50 am
Forum: Investing - Theory, News & General
Topic: Reconciling bank statements
Replies: 31
Views: 3095

letsgobobby wrote:i still balance my checkbook monthly by hand, if that's what you mean.
Ditto, and I do it not just to look for bank errors, but my own simple math errors.
by Fallible
Thu Nov 18, 2010 11:33 am
Forum: Investing - Theory, News & General
Topic: Wall Street Journal article: Buy and Hold
Replies: 20
Views: 3352

I've been a buy-and-hold indexer for many years with no plans to change, but each time there's a crisis I can't help but wonder if buy-and-hold still works and I look for assurance from the best financial minds like Burton Malkiel (and John Bogle, etc.). That's why I was happy to learn of and read M...
by Fallible
Wed Nov 17, 2010 5:41 pm
Forum: Investing - Theory, News & General
Topic: Slate magazine: Are Women Bad With Money?
Replies: 49
Views: 5548

Are women bad with money? Generally speaking, yes. Are men bad with money? Generally speaking, yes. And I would like to add: Are women good with money? Generally speaking, yes. Are men good with money? Generally speaking, yes. That's about what the Slate article says, as have most articles on the s...
by Fallible
Wed Nov 17, 2010 10:49 am
Forum: Personal Finance (Not Investing)
Topic: When Primal Emotions Surpass Rationality
Replies: 15
Views: 2427

I also thought one of the best books on human emotions run amok was "How Genius Failed," by Roger Lowenstein. I don't recall the human emotion connection in that book (maybe I'll reread that one, too. :D ). But yeah, that was another good book. The emotions in "Genius" include overconfidence, espec...
by Fallible
Wed Nov 17, 2010 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Helping In-laws with retirement
Replies: 20
Views: 2395

You are certainly asking the right questions and, at this critical stage of your in-laws' lives, I would suggest your helping them find a good fee-only financial advisor (CFP if possible; perhaps someone with the Garrett Planning Network often written about in this forum) to assess their situation a...
by Fallible
Wed Nov 17, 2010 9:57 am
Forum: Personal Consumer Issues
Topic: I'm among the 2 most healthy of 17,820 adults. Are you?
Replies: 54
Views: 6288

The study, especially coming from the American Heart Association, is a very worthwhile read, though much is not new and some of the "simple seven" probably aren't quite so cut and dried. With blood pressure, for example, mine is in the pre-hypertension stage in the doctor's office - though not alway...
by Fallible
Tue Nov 16, 2010 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance courses
Replies: 6
Views: 1193

I have a BS in Finance (I don't use it..went another way after college). Not particularly useful from the personal finance arena beyond educating me in the different types of markets and financial instruments. ... In fact, in my mid twenties, I was embarrassed that I had an advanced Finance degree ...
by Fallible
Mon Nov 15, 2010 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Do-it-yourself Wills and other legal documents?
Replies: 12
Views: 2094

It only cost us $500 to have a lawyer draw up two wills, two durable powers of attorney, and a declaration of homestead. He only charged us $100 a few years later when we needed to change the will. We live in a relatively expensive state, it could probably be cheaper elsewhere. Estate law is state-...
by Fallible
Sun Nov 14, 2010 8:23 pm
Forum: Investing - Theory, News & General
Topic: Slate magazine: Are Women Bad With Money?
Replies: 49
Views: 5548

I thought the Slate article was based on solid data, though some of it, such as the 2001 study, has often been written about and quoted from over the years. And I've read before that more younger women are into finance and will be handling or sharing the family finances more than ever. So I really d...
by Fallible
Sun Nov 14, 2010 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Earthquake Renter's Insurance
Replies: 7
Views: 1760

California Earthquake Authority website (you can get a quote online): http://www.earthquakeauthority.com/ One opinion article on whether to buy California earthquake coverage: http://www.kpbs.org/news/2010/apr/08/cost-earthquake-insurance-discourages-many-califor/ In a high risk area like Californi...
by Fallible
Sat Nov 13, 2010 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: MetLife stops selling Long Term Care Insurance
Replies: 69
Views: 14625

Re: MetLife stops selling Long Term Care Insurance

The last few years are showing you can't trust Wall Street, can't trust the banks, can't trust the insurance companies, can't trust mortgage companies, can't trust the bond ratings companies...all pretty sad. I never thought that things could be so bad. We consumers could look at the bright side of...
by Fallible
Sat Nov 13, 2010 2:06 pm
Forum: Investing - Theory, News & General
Topic: The Death of Buy and Hold has been Greatly Exaggerated
Replies: 47
Views: 6202

Re: The Death of Buy and Hold has been Greatly Exaggerated

The Weekend Investor section of the WSJ today has a lead article titled How to Play a Market Rally . The first line of that article is that all too familiar piece of active management advice, "Forget buy and hold. It's time to time the market." The article degrades from there. There article include...
by Fallible
Thu Nov 11, 2010 1:42 pm
Forum: Investing - Theory, News & General
Topic: "The 7 Deadly Sins"
Replies: 16
Views: 3323

I would add, "Not Knowing Your Goals." This includes general life goals, and then specific investing goals, including diversifying, low costs, long-term, etc. I think too many people invest before taking time to set goals that will then guide them and keep them on track.
by Fallible
Thu Nov 11, 2010 1:23 pm
Forum: Personal Consumer Issues
Topic: A Veterans Day Military Salute
Replies: 10
Views: 1709

Re: I borrowed this from another site I follow

I borrowed this note from another site I follow. I thought it was very well said. "Whether you have served or are serving, whenever and wherever it was: muddy, gas-filled trenches in France in 1918, volcanic sand beaches in the Pacific or snow in the Ardennes in 1944/5, Korea around some hell-hole ...
by Fallible
Thu Nov 11, 2010 1:19 pm
Forum: Investing - Theory, News & General
Topic: The Onion on Retirement Investing
Replies: 9
Views: 3065

Re: The Onion on Retirement Investing

The Onion is great for satirically bending the truth, but this "retirement planning" is almost too close to the truth. This is how too many people "plan" for retirement.
by Fallible
Thu Nov 11, 2010 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: MetLife stops selling Long Term Care Insurance
Replies: 69
Views: 14625

Re: MetLife stops selling Long Term Care Insurance

http://www.thestreet.com/story/10919346/1/metlife-will-discontinue-the-sale-of-new-long-term-care-insurance-coverage.html Pretty big decision- I think they were one of the major players. I wonder if others will follow suit... Last week The New York Times ran a long article on LTC, including MetLife...
by Fallible
Thu Nov 11, 2010 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Longterm Care Insurance--Any Words of Wisdom?
Replies: 7
Views: 1692

There was a very good, very up-to-date article on just about every aspect of LTC insurance in The New York Times several days ago. Here's the link:

http://www.nytimes.com/2010/11/05/busin ... 5CARE.html
by Fallible
Mon Nov 08, 2010 10:31 am
Forum: Personal Consumer Issues
Topic: I met inflation today
Replies: 59
Views: 9429

Here's probably a dumb question but...why all the talk about INflation? From everything I'm reading these days, the greater concern is DEflation, Japan style. :?:
by Fallible
Thu Nov 04, 2010 10:30 am
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 376750

I just finished reading a Charlie Chaplin bio, "Chaplin, His Llife & Art," by David Robinson. An interesting surprise was Chaplin's frugality in his 20s, when he began to make enormous amounts of money. He saved and invested much of it, eventually spent a lot of it on his craft in the form of new st...
by Fallible
Thu Nov 04, 2010 9:54 am
Forum: Investing - Theory, News & General
Topic: Bull or Bear: which makes you more nervous?
Replies: 34
Views: 3680

I try to look beyond whether it's just a bull or bear market and look at the reasons, the fundamentals. With a bear market, the reasons are usually known. But when a raging bull market keeps raging and I read that analysts don't think the fundamentals support the rage, that's when I get nervous.
by Fallible
Thu Nov 04, 2010 9:32 am
Forum: Personal Finance (Not Investing)
Topic: When Primal Emotions Surpass Rationality
Replies: 15
Views: 2427

As we begin to understand more and more about our brains and money (btw, at least two must reads on this are Jason Zweig's, "Your Money and Your Brain," and Akerlof and Shiller's "Animal Spirits") I read the first book, but not the second. A third book that will illustrate more about our brains and...
by Fallible
Wed Nov 03, 2010 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: When Primal Emotions Surpass Rationality
Replies: 15
Views: 2427

To quote from the "wired" article, "Montague says he hopes that someday the neuroscience of bubbles will help us stop the speculation before it spirals out of control. “The only way we’re going to avoid the next bubble is by understanding why people start bubbles in the first place,” he says. “The F...
by Fallible
Wed Nov 03, 2010 3:44 pm
Forum: Investing - Theory, News & General
Topic: "Simple Investing is Better Investing"
Replies: 13
Views: 3013

I love to read about simple investments - or simple ANYthng - because simple is usually the best way to go, period. Also liked the "Simple Investing" article listing compelling reasons to stay simple. And yet lots of people really do think that being simple is "dumbing down." I believe they think th...
by Fallible
Tue Nov 02, 2010 10:40 pm
Forum: Investing - Theory, News & General
Topic: Market Finishes Record Boring Week Allan Roth
Replies: 12
Views: 2114

Re: Market Finishes Record Boring Week Allan Roth

After a decade of market crashes, scandals, and crises, I think "boring" is BEAUTIFUL! Other than that, I liked Allan's four "lessons" to be learned from a "boring" market week, lessons we seem to have to learn over and over.
by Fallible
Sun Oct 31, 2010 6:52 pm
Forum: Personal Consumer Issues
Topic: Extended Warranties------A necessary evil?
Replies: 27
Views: 3248

Here's a link to Consumer Reports, which is very much against extended warranties:


http://www.consumerreports.org/cro/mone ... -11-06.htm
by Fallible
Sun Oct 31, 2010 2:27 pm
Forum: Investing - Theory, News & General
Topic: Money Woes Can Be Early Clue to Alzheimer’s
Replies: 15
Views: 2435

I wonder if a person can typically recognize signs of their own dementia in the early stages. I am assuming this is uncommon. There are some people diagnosed with early-stage Alzheimer's who have written articles and, I believe, even books about what they are going through. They write extremely wel...
by Fallible
Sun Oct 31, 2010 1:44 pm
Forum: Investing - Theory, News & General
Topic: Money Woes Can Be Early Clue to Alzheimer’s
Replies: 15
Views: 2435

I wonder if a person can typically recognize signs of their own dementia in the early stages. I am assuming this is uncommon. There are some people diagnosed with early-stage Alzheimer's who have written articles and, I believe, even books about what they are going through. They write extremely wel...
by Fallible
Sun Oct 31, 2010 1:26 pm
Forum: Personal Consumer Issues
Topic: How to learn to be a good manager at work?
Replies: 37
Views: 5566

Re: How to learn to be a good manager at work?

Just knowing that you need to improve your management skills is a sign that you can become a good manager, no matter what age. Leadership abilities and job experience are very important in managing effectively, but it's been my experience that getting good professional management training is absolu...
by Fallible
Sun Oct 31, 2010 1:03 pm
Forum: Investing - Theory, News & General
Topic: Simplicity and "Ten Warning Signs of Alzheimer's"
Replies: 20
Views: 3551

Re: Simplicity and "Ten Warning Signs of Alzheimer's&qu

Hi Bogleheads: One reason to keep finances as simple as possible is so that others can take-over when we die or become mentally incompetent. It is also important to recognize symptoms of mental deterioration in ourselves and in others. Accordingly, these ten symptoms are useful to know: 10 warning ...
by Fallible
Sun Oct 31, 2010 12:49 pm
Forum: Personal Consumer Issues
Topic: How to learn to be a good manager at work?
Replies: 37
Views: 5566

Re: How to learn to be a good manager at work?

I'm a school teacher, but I'm also responsible for managing a small staff of three professionals at school. To be quite blunt, perhaps due to my age (25 years old) or upbringing, my management skills are not the best. I know that some of you have well-established management careers. So let me humbl...
by Fallible
Sun Oct 31, 2010 12:23 pm
Forum: Personal Consumer Issues
Topic: Any tips on dealing with backseat drivers?
Replies: 60
Views: 9002

An experience I had with a backseat driver taught me that they can be lifesavers, or at least prevent accidents. Some years ago, I was a front-seat passenger in a car driven by a co-worker with another co-worker in the backseat. We were doing at least 65 mph on a four-lane freeway, with the driver t...
by Fallible
Sun Oct 31, 2010 11:55 am
Forum: Investing - Theory, News & General
Topic: Money Woes Can Be Early Clue to Alzheimer’s
Replies: 15
Views: 2435

I think Alzheimer's - and any form of dementia - has been known for some time to be most obviously revealed when it comes to handling money. But from having had a relative with Alzheimer's and having done volunteer work for the Alzheimer's Association, I know it's not the only early sign, as there c...
by Fallible
Sat Oct 30, 2010 9:25 pm
Forum: Investing - Theory, News & General
Topic: What makes someone a saver?
Replies: 98
Views: 12483

In my own family, there was little financial nurturing, but family members were generally frugal and I'm certain that's where my frugality came from, at least in part. But I also was more of a saver than any of them and I think that trait showed itself when I played Monopoly around 10 years of age....
by Fallible
Sat Oct 30, 2010 7:20 pm
Forum: Investing - Theory, News & General
Topic: What makes someone a saver?
Replies: 98
Views: 12483

Allan, I believe you are onto a fascinating topic that really goes beyond just saving and spending and gets into how humans handle money in general and why. And it probably goes even beyond money and into how humans approach life and why. From everything I've read and experienced over the years, it ...
by Fallible
Sat Oct 30, 2010 12:24 pm
Forum: Investing - Theory, News & General
Topic: Market-timing advisors.
Replies: 34
Views: 4601

Allan, I think the conference data you wrote about (and nicely qualified, e.g., “It’s true that we don’t know what drove the changes in asset allocation over time,” etc.) - does lead to the conclusion that, “If you think you are paying a financial planner to provide focus and discipline, you may wan...
by Fallible
Sat Oct 30, 2010 11:35 am
Forum: Investing - Theory, News & General
Topic: Market-timing advisors.
Replies: 34
Views: 4601

Re: Market-timing advisors.

If professional advisor's can't time the markets, I know we're foolish to try. Why so many experts still pretend that they can time the market or beat it with their superior investment picks is not a mystery! Follow the money: Who is most likely to benefit long term...is it the client or the expert...
by Fallible
Thu Oct 28, 2010 3:41 pm
Forum: Investing - Theory, News & General
Topic: Reflections on the Garrett Planning Network
Replies: 34
Views: 19170

I thought Garrett was fee based only. Hourly fee-only is Sheryl Garret's wish, and most planners I talk with do operate on an hourly fee basis, but from what I've heard and have been told, there is no mandatory rule to be hourly fee-only. Although, I have recently been informed that there is some m...
by Fallible
Thu Oct 28, 2010 1:02 pm
Forum: Forum Issues and Administration
Topic: Snarky tone creeping into communications
Replies: 66
Views: 9973

Re: Snarky tone creeping into communications

Maybe it is a good idea to r eflect before replying , kind of along the lines of "if you don't have anything nice to say, don't say anything at all." It is, indeed, always best to "reflect before replying" and the forum itself provides an effective way to do that: click on "Preview" before sending ...
by Fallible
Thu Oct 28, 2010 8:12 am
Forum: Investing - Theory, News & General
Topic: Reflections on the Garrett Planning Network
Replies: 34
Views: 19170

I would heartily concur that Garrett and the "Fools" (stock-picking aside) are in the Boglehead camp and have thought so for some time. In past years, the Motley Fool Web site has had articles strongly supporting John Bogle and index funds, and when I first read about the Garrett network several yea...
by Fallible
Wed Oct 27, 2010 4:18 pm
Forum: Personal Consumer Issues
Topic: Roll-up or Power Windows?
Replies: 55
Views: 8045

I think Consumer Reports had an article on power windows and child safety, so if you have young kids, you might want to Google that.

Also, I don't think power windows are exactly "modern" anymore, as I remember them being on a late '50s DeSoto that a relative owned waaaay back then.
by Fallible
Wed Oct 27, 2010 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Been Watching - You all sold me
Replies: 48
Views: 5461

Re: 82% in one stock is unnecessarily risky

Thanks, I will repost in a new thread with more complete information. I should have been more open about the money in the beginning. Even though this is the internet and for the most part anonymous, I am still a little shy when talking about my wife and her money. I am pretty much over it now after...
by Fallible
Tue Oct 26, 2010 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: New ‘IRS’ Phishing Scam by Jane Bryant Quinn
Replies: 12
Views: 3045

Re: New ‘IRS’ Phishing Scam by Jane Bryant Quinn

From her blog: http://moneywatch.bnet.com/search/?q=Jane+Bryant+Quinn&tag=content;col1 Thanks for passing this on. Quinn nicely describes in detail how these scams work. Lots of people think if they open an e-mail from someone they don't know and then delete it and there will be no problem. But oft...
by Fallible
Sun Oct 24, 2010 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medigap Insurance Necessary?
Replies: 25
Views: 12181

Here is an example that just happened to us. Wife is healthy 65 on medicare advantage plan,rarely ever gets sick. Starts to get gut pain, after a week becomes real bad,also spiked a fever,I said need to go to the ER now. Well,at first thought hot appendix,then after a CAT scan it was diverticulitis...
by Fallible
Sun Oct 24, 2010 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is Your Adviser Pumping Up His Credentials?
Replies: 38
Views: 5124

I, too, believe a financial planner should be a CFP, but I would caution that, before going with one, you check with the CFP board of standards, cfp.net, and make sure the designation is CURRENT. I recommend that based on an experience I had many years ago where a guy who billed himself as a CFP had...