Search found 2105 matches

by beardsworth
Sun Jan 04, 2009 12:21 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

How interesting––and how confusion–provoking––that the answer an inquirer receives from TIAA about its participation or non–participation in state guaranty associations seems to depend on who is doing the answering. :? Unless there was a change in TIAA's participation status between our September 20...
by beardsworth
Sun Jan 04, 2009 12:13 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Supplement to my post above about TIAA participation in state guaranty associations. I referred to discussion of that point in previous threads here and/or Morningstar, but a while after I posted, my (sometimes tardy) memory kicked in, and I thought: Wait a minute. I haven't just read about this in ...
by beardsworth
Sun Jan 04, 2009 11:47 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Regarding subrosa's post (above) about the New York insurance guaranty organization as an overlay of protection for TIAA: I hope that more TIAA–savvy thread posters will correct me if I'm wrong, but I believe there have already been previous threads on this forum, and/or the Morningstar TIAA-CREF fo...
by beardsworth
Sun Jan 04, 2009 8:31 am
Forum: Investing - Theory, News & General
Topic: Article: end of financial world/how to repair it
Replies: 16
Views: 3090

Article: end of financial world/how to repair it

A superb two–part article in the New York Times about how the financial crisis got that way, and some cures for what ails it (and us), co–authored by Michael Lewis ( Liar's Poker ). Part 1 ends with a link to part 2, but I've also listed both links below. You should be able to read them without a Ti...
by beardsworth
Fri Jan 02, 2009 11:29 pm
Forum: Investing - Theory, News & General
Topic: So you think you understand TIPS ?
Replies: 48
Views: 10866

Re: GNMA Fund's worst decline

If memory serves (I can't find annual returns for the entire life of the fund), GNMA has only had a couple(?) negative years since its inception in 1980. Hi Marc: Sorry, Marc. Your memory may not serve. :wink: During the months leading up to September 1981, Vanguard's GNMA fund declined* (-12.3%). ...
by beardsworth
Fri Jan 02, 2009 6:20 pm
Forum: Investing - Theory, News & General
Topic: So you think you understand TIPS ?
Replies: 48
Views: 10866

I realize that there is a certain opposition to mortgage–backed bond funds from some participants on the forum, but in point of fact, in five(*) of the eight calendar years listed in Taylor's original post, Vanguard GNMA Fund outperformed Vanguard Total Bond Market Fund: GNMA 2008: 7.22* 2007: 7.01*...
by beardsworth
Thu Jan 01, 2009 12:07 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Esteemed Rick and Pete, Rick, appreciate your cogent discussion, which pretty much matches up with what I'd always assumed about TIAA–CREF, its reserves to cover losses, etc. And I take some comfort in the fact that I've never noticed a single office supplies place selling Mayan calendars. :) Pete, ...
by beardsworth
Thu Jan 01, 2009 10:26 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Marc, If I read grok's and VT's posts correctly, they were responding to the argument that TIAA was "safe," to which they were essentially saying that TIAA is about as "safe" as other very highly rated insurance companies. btw - I know a few econ/finance profs [at relatively small universities] and...
by beardsworth
Thu Jan 01, 2009 10:05 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Hi Marc, Grok and others have posted really useful information and asked fair and timely questions. I found it especially informative to learn about the basis for TIAAs accounting. Nevertheless, I did not think any serious-minded poster had proposed the idea of default. Perhaps I failed to detect s...
by beardsworth
Thu Jan 01, 2009 8:50 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

P.S. to Marc. My response to your question is "No, I don't think there's a serious risk of default on principal," but will my opinion really put your concerns to rest? Well, Bob, knowing how much you know about "matters TIAA–CREF," it's certainly nice to hear your affirming opinion, although, of co...
by beardsworth
Thu Jan 01, 2009 7:59 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Well, the original poster started out by referring to TIAA as "an oasis" in current stormy financial seas, but many of the posts which followed (spreads, risks, balance sheets) seemed (in my reading) to suggest "no, it's not." Meanwhile, it's going on 24 hours since I posted (above) this, so I'd lik...
by beardsworth
Wed Dec 31, 2008 3:27 pm
Forum: Investing - Theory, News & General
Topic: What new Vanguard funds would you like to see in 2009?
Replies: 61
Views: 10462

Unhedged high-quality foreign bond fund. Foreign real estate. All-in-one global real estate. Global "green" fund, i.e. companies really making a difference in replacing/curing our longstanding dig/pump/chop approach to natural resources As already mentioned by multiple posters above, international s...
by beardsworth
Wed Dec 31, 2008 9:13 am
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

Been following this conversation with interest, checking back as the number of posts continues to grow, but find myself somewhat lost by the "technical" course the conversation has taken. Unfortunately, I don't speak Accounting, and back in college days––knowing how my own brain works, and not wishi...
by beardsworth
Sun Dec 28, 2008 7:23 am
Forum: Personal Investments
Topic: Dividends, dividends, dividends.
Replies: 27
Views: 5574

Re: Dividends, dividends, dividends.

Vanguard seems to have three dividend-oriented funds - High Dividend Yield, Dividend Appreciation, and Dividend Growth. This list, of course, omits Vanguard Equity Income (VEIPX), the oldest of this subgroup, which currently sports a yield above 4.3%. https://personal.vanguard.com/us/funds/holdings...
by beardsworth
Sat Dec 27, 2008 11:40 am
Forum: Personal Finance (Not Investing)
Topic: 5 Books to read in 2009
Replies: 52
Views: 10637

James Howard Kunstler: The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century A useful and colorfully written explanation of the (unsustainable) conditions underlying our current economy. I don't take the information to quite the s...
by beardsworth
Fri Dec 26, 2008 7:15 pm
Forum: Investing - Theory, News & General
Topic: CNBC becomes a parody of itself
Replies: 14
Views: 3580

And, of course, under this theory, anytime would be a good time to buy Zodiac (ZODFF). :)

http://www.zodiac.com/eu/
by beardsworth
Fri Dec 26, 2008 6:44 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF ... An oasis in a desert of due negligence
Replies: 233
Views: 48196

I'm not sure I understand your last sentence, Stratton. Bob U. Not sure I understand either, Bob. Unless I'm mistaken, A+ is Weiss's highest rating. At any rate, Weiss rates TIAA tops among all annuity insurers. The following is on "The Street" Web site, but the ratings are from Weiss: http://www.t...
by beardsworth
Thu Dec 25, 2008 7:51 pm
Forum: Personal Investments
Topic: Michael Lewis: The End
Replies: 1
Views: 1249

Good article, but it's already been posted and discussed

here:

http://www.bogleheads.org/forum/viewtop ... ight=lewis

and here:

http://www.bogleheads.org/forum/viewtop ... 79&start=0
by beardsworth
Mon Dec 22, 2008 11:05 pm
Forum: Personal Investments
Topic: Opinion regarding "Global Equity" fund.
Replies: 16
Views: 3150

Global Equity, inception date 1995, had a superb record under its value–oriented original sole portfolio manager, Marathon Asset Management, and (for what it's worth) regularly got five–star ratings from Morningstar in the global stock category. However, the fund's success began to attract more asse...
by beardsworth
Wed Dec 17, 2008 10:11 pm
Forum: Personal Investments
Topic: DODFX vs VTRIX-- Large Cap International Value
Replies: 2
Views: 1505

Re: livesoft's comment above, Vanguard International Value has long had a significant slice of emerging market stocks. As of 11/30/08, they constituted 14.60% of the fund. See Vanguard's portfolio pie chart at: https://personal.vanguard.com/us/funds/snapshot?FundId=0046&FundIntExt=INT#hist::tab=2 Marc
by beardsworth
Wed Dec 17, 2008 9:50 pm
Forum: Investing - Theory, News & General
Topic: John Bogle on NPR's "Diane Rehm Show"
Replies: 7
Views: 2293

John Bogle on NPR's "Diane Rehm Show"

On 12–18–08, John Bogle will be the featured guest for the second hour of "The Diane Rehm Show," a National Public Radio syndicated program which originates out of WAMU–FM in Washington, DC. To see if a station in your area carries this show, go to: http://wamu.org/programs/dr/about/affiliate_statio...
by beardsworth
Thu Dec 11, 2008 1:33 am
Forum: Investing - Theory, News & General
Topic: 8 really, really scary predictions
Replies: 48
Views: 9235

Maybe Bill Gross doesn't have a sundial in his living room. Did anyone consider the possibility that the photo was in fact taken outdoors and that Gross has a sofa and an Oriental rug on his patio, and an oil painting on the privacy wall behind it? This would mean that the sundial is simply doing th...
by beardsworth
Wed Dec 10, 2008 6:34 pm
Forum: Investing - Theory, News & General
Topic: Two fine John Hussman columns
Replies: 10
Views: 2587

ilan1h, We've thought the same thing. We're particularly attracted to his Strategic Total Return Fund (HSTRX). It is mostly high–quality bonds (they must be rated at least AA), but he can change maturities according to his view of market direction, and the prospectus allows him to put up to 30% of a...
by beardsworth
Mon Dec 08, 2008 7:18 am
Forum: Investing - Theory, News & General
Topic: Two fine John Hussman columns
Replies: 10
Views: 2587

Two fine John Hussman columns

From his always well–reasoned and well–written "Weekly Market Comment" series.

Marc



This week: "Ambiguous Conditions Warrant Moderation"

http://hussman.net/wmc/wmc081208.htm

And last week: "Wheat From Chaff"

http://hussman.net/wmc/wmc081201.htm
by beardsworth
Fri Dec 05, 2008 11:20 am
Forum: Personal Investments
Topic: Vanguard Balanced Index (VBINX)
Replies: 27
Views: 11369

Nisiprius, Although Vanguard funds are not available to us in an employer–sponsored retirement plan, it's my understanding that Vanguard offers automatic rebalancing, of the type you describe, in such plans. The participant picks a portfolio of 20% Fund A, 30% Fund B, etc., and puts the thing on aut...
by beardsworth
Fri Dec 05, 2008 11:02 am
Forum: Personal Investments
Topic: Vanguard Balanced Index (VBINX)
Replies: 27
Views: 11369

Using Total World for the stock segment would also address the issue mentioned above: that even Vanguard balanced funds which include international greatly underweight it (e.g., Target Retirement Income, which is about 30% stocks, of which about 80% is domestic and 20% foreign). Using Total World fo...
by beardsworth
Fri Dec 05, 2008 8:56 am
Forum: Personal Investments
Topic: Vanguard Balanced Index (VBINX)
Replies: 27
Views: 11369

I might be highly interested in a balanced fund which used indexing for both its stock and its bond components. The problem (for me) is that Vanguard Balanced Index comes in only one "flavor": 60% stocks, 40% bonds. In the past I've written to Vanguard management and suggested a broadened constellat...
by beardsworth
Fri Dec 05, 2008 7:38 am
Forum: Personal Investments
Topic: Why won't Vanguard help the little guy?
Replies: 81
Views: 14366

...Vanguard International Explorer is normally small/mid blend leaning to value. I'd be real interested if I could count on the value tilt. But I'm uninterested in their declared small/mid growth. Yes, I can see that Vanguard's "Overview" page about the fund descibes it as foreign small/mid "growth...
by beardsworth
Thu Dec 04, 2008 4:26 pm
Forum: Personal Investments
Topic: Why won't Vanguard help the little guy?
Replies: 81
Views: 14366

Visitor, glad to be heard as a friendly voice. As I would not want to be bashed for any post of mine, or be addressed in a tone of sarcasm or belittlement, so I would not post in that tone to anyone else. As far as gathering group support to ask Vanguard for a reduction in VINEX's high minimum inves...
by beardsworth
Thu Dec 04, 2008 3:31 pm
Forum: Personal Investments
Topic: Why won't Vanguard help the little guy?
Replies: 81
Views: 14366

T. Rowe Price International Discovery (PRIDX), a foreign small company fund, requires a $2,500 initial investment but even that will--in keeping with Price's standard policy--be waived for any investor who signs up for automatic investing of at least $50 a month. (We don't have any money in this fun...
by beardsworth
Wed Dec 03, 2008 10:13 pm
Forum: Investing - Theory, News & General
Topic: YATS (yet another TIPS thread)
Replies: 26
Views: 4925

Well, Bogleheaded friends, during the time those fairly delicious TIPS yields have been falling, my wife and I have been waiting for a glacially slow Roth IRA custodian (which shall remain nameless) to transfer money to a brokerage Roth IRA with another custodian (which shall also remain nameless) s...
by beardsworth
Wed Dec 03, 2008 7:57 am
Forum: Personal Consumer Issues
Topic: Any recommended NC tax exempt funds?
Replies: 4
Views: 1354

No, sorry, but Bammerman's post (above) is off–target. Bailey v. State of North Carolina gives exemption from North Carolina state taxation only to the pension income of retirees from North Carolina state and local government agencies, and federal government retirees. Furthermore, the exemption appl...
by beardsworth
Sun Nov 30, 2008 10:27 am
Forum: Personal Consumer Issues
Topic: Who would you invite to dinner?
Replies: 54
Views: 9097

A couple decades ago (or more?) the talk show host/comedian/songwriter and general Renaissance man Steve Allen did a TV series, "Meeting of Minds," on this theme: http://www.steveallenonline.com/television_pioneer/meeting_of_minds.htm And there's a similar long–running Amazon thread (I hope this ama...
by beardsworth
Fri Nov 28, 2008 6:12 pm
Forum: Investing - Theory, News & General
Topic: Another 'Safe' Bet Leaves Many Burned
Replies: 18
Views: 4867

Larry--

Good to know. Thanks.

Marc
by beardsworth
Fri Nov 28, 2008 1:40 pm
Forum: Investing - Theory, News & General
Topic: Another 'Safe' Bet Leaves Many Burned
Replies: 18
Views: 4867

PIMCO's Commodity Real Return Fund (PCRIX/PCRDX) is often recommended on this forum as a portfolio component for commodities exposure. The fund apparently makes extensive use of structured notes. [From PIMCO's fund prospectus: "The Fund will seek to gain exposure to the commodity markets primarily t...
by beardsworth
Thu Nov 20, 2008 8:41 pm
Forum: Personal Investments
Topic: Confused by online TIPS terminology
Replies: 1
Views: 1100

Confused by online TIPS terminology

Would appreciate some help in understanding some of the "lingo" used in secondary market listings for TIPS. For example, the following link should get you to Fidelity's bond search feature. http://fixedincome.fidelity.com/fi/FIFrameset.do?page=/fi/FISearchIndividualBonds.do If you click on "TIPS (Se...
by beardsworth
Mon Nov 17, 2008 11:30 am
Forum: Investing - Theory, News & General
Topic: Harvard's Endowment Portfolio Blows Up
Replies: 10
Views: 2838

A (so far still short) thread about the university endowments situation was started on this forum last week, with several links to articles:

http://www.bogleheads.org/forum/viewtop ... 87&start=0


Marc
by beardsworth
Mon Nov 17, 2008 11:22 am
Forum: Personal Consumer Issues
Topic: Enough qualifiers for you?
Replies: 5
Views: 1485

Nisiprius, I'm inclined to appreciate nearly all of your many literate and often witty posts, but where communications from most financial institutions are concerned, I'm likely , or perhaps I should say normally likely, to take just about all of them with a substantial grain of salt. I think it's r...
by beardsworth
Sat Oct 25, 2008 7:40 pm
Forum: Investing - Theory, News & General
Topic: Anyone else getting scared?
Replies: 52
Views: 10222

A couple or three posts, starting with Nisiprius (Oct 24) mentioned that the end–of–the–world commentary language coming out of the mainstream financial press almost begins to sound like the satirical publication "The Onion." I'd suggest trying this article in particular: http://www.theonion.com/con...
by beardsworth
Tue Oct 21, 2008 5:50 pm
Forum: Investing - Theory, News & General
Topic: (Rant) The S-word: speculation
Replies: 14
Views: 2357

Mark Twain (in the calendar of Pudd'nhead Wilson): "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."
by beardsworth
Tue Oct 14, 2008 7:10 am
Forum: Personal Investments
Topic: The Plumb Plan
Replies: 4
Views: 1742

I hope that Chip's thought-provoking plan will be widely read and considered. It appears to be a "from the bottom up" plan (tilted toward helping troubled citizens) rather than the current "top down" plan (focused on helping troubled banks, especially the most gigantic).

Marc
by beardsworth
Mon Oct 13, 2008 2:51 pm
Forum: Personal Investments
Topic: Paulson Plan vx. Plumb Plan
Replies: 2
Views: 1257

For those who don't know what the poll is about, the Plumb Plan can be found at the thread below. I hope the moderators will not impose their general "no more bailout posts" policy, because Chip's plan (whether or not you agree with it) is very thought-provoking, has been written with obvious care, ...
by beardsworth
Tue Sep 23, 2008 7:58 am
Forum: Investing - Theory, News & General
Topic: How "active" is the Inflation-Protected fund?
Replies: 3
Views: 1283

I can't comment specifically on the "activity" (active-ness?) of Vanguard's TIPS fund, but just about every bond fund prospectus I've ever seen (well, at least within the realm of no–load, relatively low–expense ratio funds) has some kind of similar escape clause which allows the fund to put money i...
by beardsworth
Mon Sep 22, 2008 6:25 am
Forum: Investing - Theory, News & General
Topic: Paul Krugman on the bailout
Replies: 7
Views: 3039

Paul Krugman on the bailout

(Despite the appearance of the word "login" in the URL, you should be able to read the column without creating a New York Times account, as long as your browser is accepting cookies.)

http://www.nytimes.com/2008/09/22/opini ... ref=slogin
by beardsworth
Sun Sep 21, 2008 6:37 pm
Forum: Investing - Theory, News & General
Topic: John Hussman Open Letter to Congress
Replies: 2
Views: 1172

Don't suppose there's any harm in multiple threads about the same thing, but I already started an earlier one on this same Hussman link, with an additional link to his other recent columns.

http://www.bogleheads.org/forum/viewtop ... 1222037498

Marc
by beardsworth
Sun Sep 21, 2008 5:51 pm
Forum: Investing - Theory, News & General
Topic: John Hussman on the crisis and bailout
Replies: 4
Views: 2132

John Hussman on the crisis and bailout

Latest weekly commentary from John Hussman, manager of the funds of that name, on how we got into this crisis, and why the coming bailout may just throw money at the problem without providing "targeted" help where it's most needed. As always, an interesting perspective from this source. http://hussm...
by beardsworth
Sun Aug 31, 2008 1:57 pm
Forum: Personal Consumer Issues
Topic: How to improve social energy?
Replies: 17
Views: 3159

I often find Dr. Andrew Weil's web site (and books) useful for general "self–care" issues like this.

http://www.drweil.com/drw/u/QAA400421/A ... Sleep.html

http://www.drweil.com/drw/u/ART02037/sleep-aid

Marc
by beardsworth
Tue Aug 26, 2008 11:33 am
Forum: Personal Consumer Issues
Topic: Drop dead very best recipe
Replies: 44
Views: 9385

Sometimes it is difficult to tell the contents of a particular thread just from its title on the Bogleheads home page. Surprises may lurk unsuspected. In that regard, I was relieved to find that this is a thread about cooking––because when I first saw the thread title "Drop Dead Best Recipe," I thou...
by beardsworth
Mon Aug 25, 2008 6:08 am
Forum: Investing - Theory, News & General
Topic: Are We in a Recession?
Replies: 18
Views: 4054

The organization whose determination is usually taken as definitive about whether the country is in a recession is the National Bureau of Economic Research, which is not a government agency. (On that last point, click on "About" at NBER's home page.) NBER's "frequently asked questions" about busines...
by beardsworth
Wed Jul 23, 2008 8:52 pm
Forum: Investing - Theory, News & General
Topic: Where is the middle ground to be found?
Replies: 28
Views: 4393

Just a note––without debating the value/lack of value of prognostication––that the "John Williams" to whom the original poster refers is presumably the author of the "Shadow Government Statistics" Web site. He writes regularly on what he believes to be government manipulation (i.e., suppression) of ...