Search found 6631 matches

by Fallible
Tue Jan 11, 2011 12:23 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2202

Whatever, it was interesting to read that an app could easily be designed to prevent an investor from a trade not adhering to an IPS, and I wonder how, exactly, that would work. Well of course, an IPS can get very complex, but consider how the low-tech version would work. You write up your IPS, and...
by Fallible
Sun Jan 09, 2011 9:43 pm
Forum: Investing - Theory, News & General
Topic: Roubini (like other forecasters) usually gets it wrong
Replies: 11
Views: 2014

http://moneywatch.bnet.com/investing/blog/wise-investing/nouriel-roubini-talks-people-listen/1809/?tag=content;col1 I blogged on Roubini with link above. This is not about Roubini, but about when the financial crisis began. You say it began in the fourth quarter of '07. The Great Recession official...
by Fallible
Sun Jan 09, 2011 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: I Want Higher Gas Prices!
Replies: 65
Views: 6623

Re: I Want Higher Gas Prices!

I just saw a newspaper headline: "Gasoline prices' rise evokes 2008." High gas prices in the summer of 2008 lead to the Social Security Cola of 5.8% first paid in January, 2009. With no colas in 2010 or 2011, seniors everywhere should be cheering for higher gas prices. Go gas, go gas, go gas, go! O...
by Fallible
Sun Jan 09, 2011 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Midlife Career Change to Psychotherapy
Replies: 30
Views: 7947

I changed careers in my early 50s and it turned out to be the right thing to do. However, because I'd been in my first career for 26 years and still basically loved it (and still do), I took a year-long sabbatical, during which I talked to and read about people who made career changes. I also took a...
by Fallible
Fri Jan 07, 2011 7:59 pm
Forum: Investing - Theory, News & General
Topic: Money magazine has gone Boglehead?
Replies: 28
Views: 6115

Consumer Reports also had a recent article on saving and preparing for retirement. It wasn't a bad article, although surprisingly for a consumer-protection magazine it had only a sentence on the virtues of index funds and how keeping costs down affects returns. JT It is surprising that CR gives suc...
by Fallible
Fri Jan 07, 2011 7:37 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2202

It's not possible to write an application that would prevent a person from buying high, simply because it's not possible to know when you've reached the high. If it were, people would use the application to decide when to go short. But from a technical point of view it would be rather easy to desig...
by Fallible
Fri Jan 07, 2011 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3090

Jane Bryant Quinn, in her recent, updated book, "Making The Most of Your Money Now" says this about the chance of needing long-term care: "Roughly 6 out of every 10 people who are 65 will need it at some point in their lives, although not necessarily in a nursing home. About 4 out of 10 will enter a...
by Fallible
Fri Jan 07, 2011 10:51 am
Forum: Personal Consumer Issues
Topic: Training a Dog
Replies: 60
Views: 7054

Bottom line, animals need, and are looking for, proper attention, love and understanding - just like us humans. The things your dog does seem quite typical of young animals and the solution is lots of excercise (which we all need!) and some positive training by a good professional. Your vet may be a...
by Fallible
Thu Jan 06, 2011 3:16 pm
Forum: Personal Consumer Issues
Topic: How do you shop?
Replies: 24
Views: 2612

Using a list of healthy foods and coupons for them (and ONLY for them), I shop at a warehouse-type store and a Target store for basics, but also at a local upscale supermarket that is overall more expensive but often has bargains to compete with, and sometimes beat, the other two stores. (A caveat: ...
by Fallible
Thu Jan 06, 2011 2:19 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2202

Wow, what a range of replies, from the humorous rogue HAL to the fearful "Collossus" and thoughtful in-betweens. When I wasn't laughing at the great Boglehead humor, I was thinking that probably somewhere out there is a young genius already working on an investment app that will make him/her many mi...
by Fallible
Wed Jan 05, 2011 6:16 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2202

SP-diceman wrote:
gasman wrote:Open the pod door HAL.
Dave, please stop, Dave.
Daaaaaaaaaaaave_____________________________________________
by Fallible
Wed Jan 05, 2011 6:03 pm
Forum: Investing - Theory, News & General
Topic: Basic Financial Common Sense
Replies: 15
Views: 2884

Re: Basic Financial Common Sense

Can someone provide a link to some of the most basic personal financial things to be successful. I read so many previous threads and "gems" is there a link to them? I wanted to share them with a co worker. Thanks When I think of the "most basic personal financial things," I think of two books: "The...
by Fallible
Wed Jan 05, 2011 5:50 pm
Forum: Investing - Theory, News & General
Topic: Bogle: "Most difficult time to invest"
Replies: 29
Views: 5458

Good read, and typical Bogle . I like his common sense approach of learning to be satisfied with index returns, not swing for the fences returns. It's always been my desire to do better than most, whether the market is going up or going down. I don't try to do the best, only better than most. Bogle...
by Fallible
Wed Jan 05, 2011 1:51 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2202

Here's a link to the Seattle Post-Intelligencer copy of it: http://www.seattlepi.com/business/1700ap_us_fea_lifestyles_outsourcing_self_control.html If we could figure out a way for technology to moderate our investing behavior, I'm sure the market would eventually price that in somehow. - Scott Th...
by Fallible
Wed Jan 05, 2011 1:41 pm
Forum: Investing - Theory, News & General
Topic: Classic Books about great depression financial experience?
Replies: 23
Views: 3595

My grandparents were both "scared" and "scarred" by the Depression and it showed up most memorably in their advice to their kids and grandkids: "if you're lucky enough to have a job, keep it no matter what because you've got to eat." To the day he died, in 1956, my grandfather stuck to this advice, ...
by Fallible
Tue Jan 04, 2011 11:08 am
Forum: Investing - Theory, News & General
Topic: Fund Managers Missing Their Marks, by a Lot - Active vs Pas
Replies: 12
Views: 2002

As Larry Swedroe said in his post on this forum today listing his New Year's resolutions, "Avoid all actively managed funds and repeat to yourself: “Past performance has no value whatsoever as a predictor of future performance.”
by Fallible
Tue Jan 04, 2011 11:03 am
Forum: Investing - Theory, News & General
Topic: New Year's Resolutions
Replies: 11
Views: 1470

Thanks for passing on these resolutions. Not all are new, but all bear repeating and I will continue to try to live up to them. I would make one comment on No. 15 and the reference to “trash heap of emotions.” Emotions are not ALL bad in investing, as I learned from Jason Zweig’s book, “Your Money &...
by Fallible
Tue Jan 04, 2011 10:34 am
Forum: Investing - Theory, News & General
Topic: "Don't Count On It" : Q&A With John Bogle: F
Replies: 23
Views: 5252

Great overall discussion... although nothing a regular here has not heard before :D True, but Mr. Bogle is indeed a great "entertainer". Take a known comedienne. They rarely change the jokes - but the audience does change, and for every audience, it's new material never heard before. Even for us wh...
by Fallible
Mon Jan 03, 2011 1:31 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2202

Can Tech Control Investor Impulses to Buy High?

A recent Associated Press article on using technology to control human impulses made me wonder if there could ever be an app to control investor impulses to buy high, sell low (or any other bad investor behavior). The article shows how apps can be used to limit time online, a program to cut off cred...
by Fallible
Mon Jan 03, 2011 11:36 am
Forum: Investing - Theory, News & General
Topic: "Don't Count On It" : Q&A With John Bogle: F
Replies: 23
Views: 5252

Thanks so much for the link to Jack Bogle's beautifully balanced words of wisdom for investors in 2011 and for the link to the transcript (which I couldn't find on the site).
by Fallible
Sat Jan 01, 2011 5:58 pm
Forum: Investing - Theory, News & General
Topic: Saint Jack and Sir John
Replies: 28
Views: 4567

my first financial advisor, a stockbroker who was a fan of Sir John T, put me in Templeton World, a fund with an 8.5 percent front-end load. The fund did well... I'm assuming "did well" means "more than earned back the load for me," but, just for the record... did it? Wow, that's a question I wish ...
by Fallible
Sat Jan 01, 2011 5:31 pm
Forum: Investing - Theory, News & General
Topic: Stocks are the New Bonds in 2011
Replies: 71
Views: 10106

Rick, Does a New York Times article yesterday contradict what you're saying about stocks? Note these last few graphs from the article (and the link to it is below): "Underpinning the rally, most analysts said, were strong earnings, but in what is likely to be a worry for next year, the profits were ...
by Fallible
Fri Dec 31, 2010 6:17 pm
Forum: Investing - Theory, News & General
Topic: CNN-Money interview with Jack Bogle
Replies: 4
Views: 1138

Much of this good interview is not new for Bogleheads (vanishing dividends, bond yields, low-cost indexing, etc.), but it's always just great to read and hear Jack Bogle. I'll never get enough of his intelligence and wisdom.
by Fallible
Fri Dec 31, 2010 4:10 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 326
Views: 58822

Stars: A Little Golden Nature Guide , by Herbert S. Zim. Well, I was six years old at the time, and I came running to Mom with the interesting news that one of the planets had the same name as the Earth. She explained to me that the Earth was a planet. It blew my mind... I had a similar childhood e...
by Fallible
Fri Dec 31, 2010 3:44 pm
Forum: Personal Consumer Issues
Topic: Cooking with GAS or ELECTRIC?
Replies: 18
Views: 2577

filmtheory wrote:Gas is more responsive; you can change the temp instantly. With electric there is a lag time which can be hard to work with. But I agree with previous poster that gas ranges are great but for ovens use electric - that's how many have their kitchens set up.
Agreed! :)
by Fallible
Fri Dec 31, 2010 3:41 pm
Forum: Personal Consumer Issues
Topic: "Dry Clean Only" Wool Sweater, Can I Wash it In Wo
Replies: 16
Views: 9711

I machine wash all sorts of items that say "dry clean only." But, I accept that I will lose a few garments by doing this because some of them will just not tolerate that sort of bad treatment. Wool is the most likely contender for problems - typically shrinkage . I have lost a couple of sweaters th...
by Fallible
Thu Dec 30, 2010 6:14 pm
Forum: Investing - Theory, News & General
Topic: When is a Bubble Not a Bubble?
Replies: 32
Views: 3572

Re: When is a Bubble Not a Bubble?

To me one of the characteristics of a bubble is that most people in it actually acknowledge that it cannot be sustained . It becomes openly a gamble, with people basically betting on how long it will last. This part of your interesting reply could describe what some bankers and hedge fund manager w...
by Fallible
Thu Dec 30, 2010 5:02 pm
Forum: Personal Consumer Issues
Topic: Asking for Medical Costs
Replies: 33
Views: 3693

Re: Asking for Medical Costs

After just having some minor surgery and receiving the bill it occurred to me that I never ask what a procedure or visit cost. I would not think of buying a car,house or any other large purchase without asking the price but somehow due to insurance or tradition in the area of medical work I just go...
by Fallible
Wed Dec 15, 2010 11:10 am
Forum: Investing - Theory, News & General
Topic: Saint Jack and Sir John
Replies: 28
Views: 4567

While John Templeton seemed a wise gentleman - at least on TV, I doubt he shared much in common with Jack Bogle's investment philosophy. He promoted foreign and EM investments, and active fund management with relatively high fees / ERs. In fact, I believe many of his funds were load funds. You are ...
by Fallible
Wed Dec 15, 2010 10:55 am
Forum: Personal Investments
Topic: The dow goes up 47.98
Replies: 33
Views: 4648

Re: The dow goes up 47.98

I have just made two copies of this to give to friends who are in near panic about the bond decline. meanwhile I'm still curious as to why certain (usually older) investors are so allergic to losing money in bonds . it's like they see a 5% drop in a bond fund NAV as far worse than a 50% loss in an ...
by Fallible
Tue Dec 14, 2010 8:59 pm
Forum: Personal Investments
Topic: The dow goes up 47.98
Replies: 33
Views: 4648

Re: The dow goes up 47.98

and i lose money with a 35% equity and a 65% bond???? Yes, stocks went up and bonds went down. When asset classes move in different directions, that is usually considered to be a good thing. In 2008-9, stocks went down a lot, and Vanguard Total Bond Market Index fund went down a little. If you were...
by Fallible
Mon Dec 13, 2010 1:35 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 377780

I'm currently reading No One Would Listen by Harry Markopolos. I can't believe I waited this long to read it. It's been fascinating to me so far. :) I read it and can assure you you'll be fascinated to the end. For me, it answered a question I had: if those Wall Streeters who saw a crisis coming (M...
by Fallible
Fri Dec 10, 2010 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is it always better to pay in full for a car?
Replies: 32
Views: 4008

If you pay cash, you save money. 'Nuff said?
by Fallible
Fri Dec 10, 2010 12:39 pm
Forum: Personal Consumer Issues
Topic: Modern Day Words And Phrases You Hate
Replies: 210
Views: 21345

My pet peeve phrase: "You rock!". How about the use of "Rock Star" for anyone other than rock stars? The first page of a google news search for the phrase gives us the following non-rock rock stars: - Wikileaks founder Julian Assange - NJ Gov. Chris Christie - Steve Jobs - 19th-century Anglo-French...
by Fallible
Fri Dec 10, 2010 12:20 pm
Forum: Personal Consumer Issues
Topic: Modern Day Words And Phrases You Hate
Replies: 210
Views: 21345

I doubt many serious linguists would be bothered by most of what's been brought up here. ... If they're like me though, they're probably a bit saddened when language is lost. ... Also, it's not so much language as it is when people use language without caring enough about the words to express what ...
by Fallible
Thu Dec 09, 2010 8:38 pm
Forum: Investing - Theory, News & General
Topic: "The Wisdom of Great Investors"
Replies: 4
Views: 1264

This is a really nice compilation of investment wisdom from some of the best in the business. Reading about Davis Advisors reminded me of an article I read last year about Davis lowering mutual fund fees. I suppose others have lowered fees, but that was the first time I'd heard of a fund company doi...
by Fallible
Thu Dec 09, 2010 10:58 am
Forum: Investing - Theory, News & General
Topic: Suggest some decent books for a total beginners
Replies: 22
Views: 2537

If your sister has a good math background, Bernstein's The Investor's Manifesto is excellent. (I qualify the recommendation because I've twice recommended the book and had the reader come back saying they didn't understand it--too much math.) This is interesting because I, too, think the Bernstein ...
by Fallible
Wed Dec 08, 2010 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: New car or not?
Replies: 53
Views: 6809

It's really simple. You obviously want a new car, so you'll probably get it. But be realistic about the extra thousands you'll pay. And why not at least pay cash and save?
by Fallible
Wed Dec 08, 2010 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 43
Views: 5541

First, spend some time listing the most healthy foods. Second, gather coupons for those foods each week and also watch for store sales and markdowns during the week. Keep cooking in and cutting down on eating out, but splurge once a month to reward yourselves for your frugal ways.
by Fallible
Wed Dec 08, 2010 9:50 am
Forum: Investing - Theory, News & General
Topic: 2008 panic in money markets greater than previously known
Replies: 46
Views: 5602

Well..... I hate the rain on all you guys optimism but I think todays markets and banks and the economy in general are in much much worse shape than the government or the banks will admit. My point was not that things are OK now, but that it's important to remember the level of fear most of us felt...
by Fallible
Wed Dec 08, 2010 9:37 am
Forum: Investing - Theory, News & General
Topic: Are you a Swedroehead? A Ferrihead? Boglehead?
Replies: 60
Views: 8133

This poll seems to suggest that these are mutually exclusive options. I don't think that they are. I think that just about everything that Rick and Larry say operates in harmony with what Jack Bogle would say. I have my Rick Ferri books handy, and Bogle is quoted in the blurbs -- I suspect that tha...
by Fallible
Wed Dec 08, 2010 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Reports Money Advisor
Replies: 10
Views: 2265

I agree with the posters above that CR Money just isn't that good and that there are many better financial publications out there, especially Kiplingers. But I'll always look to CR for its reports and ratings on cars, appliances, computers, etc.
by Fallible
Tue Dec 07, 2010 11:32 am
Forum: Personal Consumer Issues
Topic: How Often Do You Change Winter Coats/Jackets?
Replies: 27
Views: 9009

For those zero and minus-zero temps, I have a five-year-old heavy down parka for outdoor activities and an eight-year-old light-down coat for just about everything else. Each cost under $100 on sale from Lands End. :) Also have a 12-year-old dress coat for special occasions that I think was around (...
by Fallible
Sun Dec 05, 2010 9:16 pm
Forum: Investing - Theory, News & General
Topic: Denver discovers its own Bernie Madoff
Replies: 43
Views: 5116

Trust is just as great a mystery as love. "Why did people trust Bernard Madoff?" is the same kind of question as "What does he see in her?" Trust doesn't seem so mysterious when you read a dictionary definition of it: "Acceptance of the truth of a statement without evidence or investigation." Too m...
by Fallible
Sun Dec 05, 2010 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Incompetence/Durable Power of Attorney
Replies: 16
Views: 3193

Re: Incompetence/Durable Power of Attorney

Who decides if someone is incompetent to handle his or her own financial affairs and a durable power of attorney should spring into effect? How does the process work? Does someone have to petition the court? Is there a hearing? Does a judge listen to testimony or simply interview the person? Is thi...
by Fallible
Fri Dec 03, 2010 8:48 pm
Forum: Investing - Theory, News & General
Topic: 2008 panic in money markets greater than previously known
Replies: 46
Views: 5602

I remember well the fear in the fall of '08 and the continuing market plunge into early '09 and won't ever forget it. What helped me through it was having gone through the market plunge in '02, down, down, down month after month until it bottomed out in October of that year. The '08 crisis was far w...
by Fallible
Fri Dec 03, 2010 10:54 am
Forum: Personal Investments
Topic: Cricket question #2: How did you become Bogleheads?
Replies: 31
Views: 3569

Re: Cricket question #2: How did you become Bogleheads?

Hi, Got such great response from my first post about advisors. Now I'm curious, have most people arrived at the BH theories of passive management after experience with professionally active management? (Forgive me if my lingo isn't accurate yet; have a lot to learn) In other words, did the BH metho...
by Fallible
Thu Dec 02, 2010 5:09 pm
Forum: Personal Investments
Topic: "What Good is Wall Street" Article
Replies: 8
Views: 2030

Re: "What Good is Wall Street" Article

Thanks for the New Yorker article link and I look forward to reading it.

Just finished reading a good article on Jamie Dimon of JPMorgan Chase, by Roger Lowenstein in the New York Times magazine.

www.nytimes.com/2010/12/05/magazine/05Dimon-t.html
by Fallible
Wed Dec 01, 2010 9:03 pm
Forum: Personal Consumer Issues
Topic: Favorite Christmas "albums"
Replies: 63
Views: 6735

Beantown85 wrote:Alvin and the chipmunks.
They're great! Go Alvin! Alvin? Alvin? Alvin!! ALVIN!!!!!

by Fallible
Wed Dec 01, 2010 1:00 pm
Forum: Personal Consumer Issues
Topic: Favorite Christmas "albums"
Replies: 63
Views: 6735

Although even better than listening to Christmas music is making it yourself. I play piano and a few other things and my GF plays violin and a few other things. We'll bring out the books of Christmas songs You're right, making Christmas music yourself can be more fun than listening to the pros and ...