Search found 2105 matches

by beardsworth
Thu Feb 12, 2009 9:04 am
Forum: Personal Consumer Issues
Topic: Another Black Swan? WSJ:Satellites Destroyed in Collision
Replies: 21
Views: 3338

In other words, the amount of stuff which nations have launched into space over the years has made such collisions increasingly inevitable, particularly when (as in this case) they're not controlled by the same nation and one of them seems to have been floating around inactive and unsupervised. Int...
by beardsworth
Thu Feb 12, 2009 8:40 am
Forum: Personal Consumer Issues
Topic: Another Black Swan? WSJ:Satellites Destroyed in Collision
Replies: 21
Views: 3338

This satellite thing also reminds me of the old Tom Lehrer satirical song about ex–Nazi rocket scientists recruited into the early postwar U.S. space program:

"Once the rockets are up, who cares where they come down?
That's not my department," says Wernher von Braun.


:D

Marc
by beardsworth
Thu Feb 12, 2009 7:15 am
Forum: Personal Consumer Issues
Topic: Another Black Swan? WSJ:Satellites Destroyed in Collision
Replies: 21
Views: 3338

I'm not the one to engage in a detailed discussion of Taleb's writing, much of which is at a level of abstraction beyond me, but––according to my understanding––no, this satellite collision is not a "black swan," in the sense that "black swans" are events or alignments so odd/random/unanticipated th...
by beardsworth
Tue Feb 10, 2009 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: In praise of credit unions
Replies: 35
Views: 7255

Whether in "these troubled times" or more normal ones, I just think this is such a refreshing attitude and a wonderful concept for "banking." I don't know who invented credit unions as we now know them, but it was a great idea. Credit unions developed from the cooperative credit societies in German...
by beardsworth
Tue Feb 10, 2009 3:17 pm
Forum: Investing - Theory, News & General
Topic: Nouriel Roubini and Nassim Taleb on CNBC
Replies: 16
Views: 3969

I don't get why they never confront their tormentors. Because the Talebs and Roubinis of the world are as much attention-seekers as the "journalists" on whose shows they appear. Getting upset with the interviewers would reduce their future attention. - DDB Oh, ddb, cynicism is such a discouraging t...
by beardsworth
Tue Feb 10, 2009 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: In praise of credit unions
Replies: 35
Views: 7255

In praise of credit unions

For many years, my wife and I have been fortunate to live or work where we were eligible for membership in credit unions. We're so accustomed to their member–friendly ways that we find it difficult to imagine why anyone would deal with a commercial bank if they had a choice. Consider this newsletter...
by beardsworth
Tue Feb 10, 2009 11:35 am
Forum: Investing - Theory, News & General
Topic: El Erian: Diversification will no longer reduce risk
Replies: 20
Views: 4194

I believe that Mr. El-Erian is a very bright and perceptive guy, and I always appreciate his commentaries. The global approach he advocates is, naturally, available from his own company through its new (10–29–2008) fund, PIMCO Global Multi–Asset (co–manager: Mr. El–Erian), at an expense ratio of "o...
by beardsworth
Tue Feb 10, 2009 9:29 am
Forum: Investing - Theory, News & General
Topic: El Erian: Diversification will no longer reduce risk
Replies: 20
Views: 4194

I believe that Mr. El-Erian is a very bright and perceptive guy, and I always appreciate his commentaries. The global approach he advocates is, naturally, available from his own company through its new (10–29–2008) fund, PIMCO Global Multi–Asset (co–manager: Mr. El–Erian), at an expense ratio of "on...
by beardsworth
Tue Feb 10, 2009 8:12 am
Forum: Investing - Theory, News & General
Topic: Nouriel Roubini and Nassim Taleb on CNBC
Replies: 16
Views: 3969

I expect such interviewers to act like jerks (and rude jerks at that), falling all over themselves to hear the sound of their own voices. This is, of course, not unique to CNBC. Bigwig media "personalities" all seem to have the idea that the viewing audience is just dying to hear what they have to s...
by beardsworth
Mon Feb 09, 2009 12:35 pm
Forum: Investing - Theory, News & General
Topic: How do Socialists Invest?
Replies: 20
Views: 4356

How is this thread/topic anything but a discussion of politics as its foundation? Why don't we all just nip this one in the bud and not respond or contribute to the thread further and show the moderators we can self moderate? Best, Peter Socialism is an economic system, not political. (This comment...
by beardsworth
Sun Feb 08, 2009 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed out by the bear market?
Replies: 12
Views: 2405

Actually a good way to handle the bear market stress is to continue enjoying sex. While I'm sure that most of us can agree with Kenster's basic premise, some people will be more interested in total return, while others will emphasize standard (or, depending on personal preferences, non–standard) de...
by beardsworth
Thu Feb 05, 2009 6:08 pm
Forum: Personal Investments
Topic: Larry-Tips sweet spot
Replies: 5
Views: 1789

We, too, are watching these yields in the low-to-mid 2 percents on secondary market TIPS going out in the 2020s and wondering: Were the temporary high yields (above 3%) of mid–October to around Thanksgiving a freak occurrence not likely to repeat itself––so that we may as well buy now? Or might high...
by beardsworth
Thu Feb 05, 2009 6:02 pm
Forum: Investing - Theory, News & General
Topic: I don't care if the economy recovers
Replies: 43
Views: 8113

Re: Sad

Bogleheads: It is impossible for me to understand how anybody could feel this way: "I won't be elated when I read about a strengthening economy. I won't be elated when I read that Obama created millions of jobs. I will only be elated when I read that my portfolio is up 100%." Very sad. :cry: It doe...
by beardsworth
Wed Feb 04, 2009 1:11 pm
Forum: Investing - Theory, News & General
Topic: What happened to Vanguard's International small cap index?
Replies: 11
Views: 3584

I called Vanguard a day or two ago to ask if there was yet a specific launch date for this fund. My phone rep said no, just that it was expected to open sometime during the first quarter of the year. He said its opening would be announced on the Vanguard web site but (I assume for legal reasons) eve...
by beardsworth
Sat Jan 31, 2009 4:32 pm
Forum: Personal Investments
Topic: Vanguard Asset Allocation Fund
Replies: 20
Views: 3651

Vanguard Asset Allocation is not a "balanced" fund in the sense that most people would normally use that term. Certainly not "balanced" in the sense of Wellington or Wellesley or the Life Strategy/Target Retirement funds, which state an allocation between stocks and fixed income and then stick to it...
by beardsworth
Sat Jan 31, 2009 11:55 am
Forum: Personal Consumer Issues
Topic: Using wrong finger for investing :)
Replies: 12
Views: 2604

This whole thread reminds me of something, but right now I just can't put my finger on it.
by beardsworth
Fri Jan 30, 2009 11:34 am
Forum: Personal Investments
Topic: New magagement at Wellesley a cause for concern?
Replies: 29
Views: 5090

In my observation, there is great continuity of investment approach and performance from Wellington Management (Wellesley, Wellington, etc.) and changes of individual fund managers are rarely noticeable in fund behavior. The most recent (10–31–2008) Morningstar analyst comment on Wellesley specifica...
by beardsworth
Wed Jan 28, 2009 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Results de TIPS
Replies: 34
Views: 5376

Marc, tfb has a great website http://thefinancebuff.com/category/investing/page/2 that has a five-part series on TIPS investing. You might want to check it out. They are fantastic and very educational. Hi Huey, Thanks for the link––but that series of articles is about buying TIPS on the secondary m...
by beardsworth
Wed Jan 28, 2009 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Results de TIPS
Replies: 34
Views: 5376

So are the figures quoted above by tfb (and re–quoted by markcoop)––i.e., this very small downward adjustment in auction price––also the reason that our own auction confirmation shows "coupon: 2.5%" but "yield to maturity: 2.474%"? (I don't have the document in front of me as I type this, but 2.474%...
by beardsworth
Mon Jan 26, 2009 7:55 pm
Forum: Investing - Theory, News & General
Topic: The singular form of 'TIPS' is 'TIPS'
Replies: 23
Views: 4275

Grabiner wrote: "This can be a real issue with tickers; VIVAX, which is the Vanguard Value Index ticker, is a type of malaria."

And then there is the rather unfortunate (if spoken as a word) ticker for Fidelity International Real Estate Fund: FIREX.

Marc
by beardsworth
Mon Jan 26, 2009 2:40 pm
Forum: Personal Consumer Issues
Topic: Merrill's Thain Says $1.2mil office rehab a mistake
Replies: 18
Views: 3501

It's funny how Thain is rightfully grilled by the media for the $1.2 million office rehab yet politicians and government managers which waste a lot more money on useless and trivial things get a free ride. Adrian anenu@tampabay.rr.com When I was in procurement for the military, it became painfully ...
by beardsworth
Mon Jan 26, 2009 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Results de TIPS
Replies: 34
Views: 5376

I don't have Mel's or tfb's expertise on how these things work, or why original–issue yields turn out the way they do, but . . . As of last Friday, Fidelity's web page for original auction TIPS was showing an "expected yield" of 2.574%" for the new 01/15/2029 to be auctioned today. I'd asked where t...
by beardsworth
Mon Jan 26, 2009 2:13 pm
Forum: Personal Consumer Issues
Topic: Merrill's Thain Says $1.2mil office rehab a mistake
Replies: 18
Views: 3501

Hi folks, Original poster here. This is not a political post, since it pertains to no party, person, or specific policy. Rather, it's a reflection on what it's like to actually work inside the federal government instead of criticizing its "waste" from the outside. Since this is an investment and per...
by beardsworth
Mon Jan 26, 2009 11:31 am
Forum: Personal Investments
Topic: Taylor turns 85!
Replies: 130
Views: 21637

Best wishes, Taylor, and thanks for your constant generosity to this forum.

Marc
by beardsworth
Sun Jan 25, 2009 5:09 pm
Forum: Investing - Theory, News & General
Topic: The singular form of 'TIPS' is 'TIPS'
Replies: 23
Views: 4275

And it's wrong to convert nouns to verbs, as in "the economic system privileges certain people" or "I'm going to gift my children." . . . And because of the way popular language use simply evolves over time, it's also probably a lost cause to keep pointing these out. Marc, I'm all for being persnic...
by beardsworth
Sun Jan 25, 2009 3:53 pm
Forum: Investing - Theory, News & General
Topic: The singular form of 'TIPS' is 'TIPS'
Replies: 23
Views: 4275

And while we're on the subject . . . Marc Sounds like you were/are an English major. Hi Chaz, Actually no, but an avid long–time reader of good–quality magazine commentary and books, so it just grates to hear words misused. None of this, of course, is any reflection on TIPS––or, for that matter, ti...
by beardsworth
Sun Jan 25, 2009 3:39 pm
Forum: Personal Consumer Issues
Topic: Anyone not like where they live but otherwise life is good?
Replies: 34
Views: 5476

A long time ago, jobs took us to a region of the country where we'd never thought of living. Back then the situation was rather grim as far as diversity of population, diversity of food choices, diversity of entertainment, etc. It is now considerably better, in fact "cosmopolitan." It won't be many ...
by beardsworth
Sun Jan 25, 2009 2:00 pm
Forum: Investing - Theory, News & General
Topic: The singular form of 'TIPS' is 'TIPS'
Replies: 23
Views: 4275

And while we're on the subject, the words "data" and "media" are plurals for "datum" and "medium," so it's wrong to say "the data shows" or "the media is biased." . . . And it's wrong to convert nouns to verbs, as in "the economic system privileges certain people" or "I'm going to gift my children."...
by beardsworth
Thu Jan 22, 2009 6:53 pm
Forum: Personal Consumer Issues
Topic: Best kitchen timer for around $5000
Replies: 40
Views: 6760

Slightly over–budget, and the kitchen in which it functions as a timer would have to be rather large, but isn't it nice to look at? And how many kitchen timers can boast of "swan neck pediment displays" with "bookmatched crotch figured veneers" and "a moon phase with exclusive Presidential Collectio...
by beardsworth
Fri Jan 16, 2009 11:31 am
Forum: Personal Investments
Topic: Reality hits TIAA Real Estate
Replies: 123
Views: 29503

It worked that time, Pete. Got it. Thanks.

Marc
by beardsworth
Fri Jan 16, 2009 11:18 am
Forum: Personal Investments
Topic: Reality hits TIAA Real Estate
Replies: 123
Views: 29503

Hi Pete,

Well, until quite recently those two years were a good "ride." :)

Thanks for the article link.

Marc

EDIT: Oops, spoke too soon. Thanks for the link, but I can't actually get the link to work. Will try to search for it.
by beardsworth
Fri Jan 16, 2009 11:04 am
Forum: Personal Finance (Not Investing)
Topic: December CPI figures released
Replies: 27
Views: 4499

Les wrote:I noticed that makes 0.1% inflation for all of 2008.
And an article currently on Bloomberg's home page says it's the smallest annual increase since 1954.
by beardsworth
Fri Jan 16, 2009 10:53 am
Forum: Personal Investments
Topic: Reality hits TIAA Real Estate
Replies: 123
Views: 29503

Hi Marc, I think (as do others at the TIAA M* site) that TREA may be an exception precisely because of some of the characteristics you describe. Were I still an accumulator (rather than an annuitant) I would carry on with my monthly allocation irrespective of the NAV (on this point I believe I sepa...
by beardsworth
Fri Jan 16, 2009 9:43 am
Forum: Personal Investments
Topic: Reality hits TIAA Real Estate
Replies: 123
Views: 29503

Once you see the NAV has risen for six consecutive months and two consecutive 10-K reports show few if any redemptions, increased premiums, higher short-term liquidity, no dollars in Liquidity Guarantee, and possibly increased purchase/sale activity (without increased leverage), I'd say pull the tr...
by beardsworth
Fri Jan 16, 2009 8:53 am
Forum: Personal Investments
Topic: New Vanguard brokerage
Replies: 8
Views: 2332

3. Potentially, lower costs. Ditto on that. In particular, I wish that VBS would stop charging $40 per online purchase of secondary market Treasury bonds for any client who is not Flagship, and $10 per online purchase of new auction Treasury bonds for any client who is neither Flagship nor Voyager–...
by beardsworth
Thu Jan 15, 2009 6:20 pm
Forum: Personal Consumer Issues
Topic: Airliner crash lands in Hudson River.
Replies: 44
Views: 6999

Pardon all my duplicate posts with the same link. The Web site seemed to "freeze" each time, so I had no idea that the post was actually being submitted.

[I deleted the duplicates, Marc - Mel.]

Marc
by beardsworth
Thu Jan 15, 2009 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: "Trading authority" vs. Power of Attorney
Replies: 3
Views: 3136

"Trading authority" vs. Power of Attorney

My wife and I have durable powers of attorney giving one another authority to administer all medical and financial affairs. However, these documents are “general” (not related to any particular investment or investment company) and only come into effect if one of us is incapacitated. With regard to ...
by beardsworth
Thu Jan 15, 2009 1:01 pm
Forum: Personal Consumer Issues
Topic: Can we get rid of "since the Great Depression?"
Replies: 40
Views: 5475

The current situation may yet prove to be just another small-r recession, but if not, what should we call it? . . . The Valley of the Shadow of Debt? nisiprius, I salute you. "The Valley of the Shadow of Debt" is not just entirely appropriate (considering what is probably the single most important ...
by beardsworth
Thu Jan 15, 2009 8:32 am
Forum: Personal Consumer Issues
Topic: Can we get rid of "since the Great Depression?"
Replies: 40
Views: 5475

Anybody who doesn't understand that this is indeed the most dangerous economic crisis since the Great Depression hasn't learned anything since the Great Depression. The media did far more damage hyping home ownership and giving awful investment advice than reporting that simple fact. The government...
by beardsworth
Wed Jan 14, 2009 10:05 pm
Forum: Personal Consumer Issues
Topic: Can we get rid of "since the Great Depression?"
Replies: 40
Views: 5475

nisiprius wrote:For the year 2009, I hereby resolve to change my standard of verbal comparison to "worst since the Panic of 1892."
Not to be confused with The Panic Attack of 1892.
by beardsworth
Wed Jan 14, 2009 7:56 pm
Forum: Personal Consumer Issues
Topic: Can we get rid of "since the Great Depression?"
Replies: 40
Views: 5475

And––will wonders never cease?––I just had the revelation that 100% of my own posts on the Bogleheads forum have taken place since the Great Depression. This is indeed an historic evening.
by beardsworth
Wed Jan 14, 2009 7:42 pm
Forum: Personal Consumer Issues
Topic: Can we get rid of "since the Great Depression?"
Replies: 40
Views: 5475

I think this thread is the most controversial and heated discussion of the media since the Great Depression.
by beardsworth
Tue Jan 13, 2009 2:08 pm
Forum: Investing - Theory, News & General
Topic: Larry - TIPS Status Now (Morningstar article)
Replies: 36
Views: 8367

Still think the sweet spot to me is in the just under ten year TIPS. Yields not high enough now to tempt me to go to the much longer TIPS--would want to see yields above 3% to do that. Larry, With the goal of buying individual TIPS and holding to maturity, in late October my wife and I initiated in...
by beardsworth
Sun Jan 11, 2009 11:28 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Fund?
Replies: 16
Views: 3141

T. Rowe Price Emerging Markets Bond

http://www3.troweprice.com/fb2/fbkweb/s ... cker=PREMX

I don't own it, just aware that the fund is available.

Marc
by beardsworth
Sun Jan 11, 2009 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is Coffee Healthy?
Replies: 62
Views: 9983

As of the time I'm posting this reply, this thread was originally posted in the "Personal Finance" (P) subforum, but probably should have been posted in the general interest "Lounge" (L). Anyway, here's a pretty good summary of the basic pros and cons of coffee, from a medical and self–care site I c...
by beardsworth
Sun Jan 04, 2009 3:35 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Apology accepted, Bob. Subrosa thought TIAA must surely participate in guaranty schemes. I had it in writing that TIAA didn't, so thought I was helpfully advancing the theme of this thread by promptly "intercepting" misinformation. Relying on what a TIAA underling had said in print, I had no way of ...
by beardsworth
Sun Jan 04, 2009 1:21 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Do you think the Board and its Chair don't know their own product? If so, there's no further basis for a rational conversation about the topic of TIAA belonging to state guarantee associations. Bob U Bob, forgive me if I find the tone just a bit insulting, or at least unnecessarily confrontational....