Search found 178 matches

by mptness
Wed Oct 16, 2013 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21955

Re: Free Stanford Course: Finance of Retirement & Pensions

I signed up for the course on Monday after reading about it in the NY Times, and am just discovering this thread. I am very pleased to know the bogleheads will be discussing it here. :D I signed up mainly to gain knowledge for personal financial planning and can see that much of the discussion will ...
by mptness
Fri Oct 11, 2013 2:46 pm
Forum: Investing - Theory, News & General
Topic: Low cost momentum fund
Replies: 0
Views: 252

Low cost momentum fund

Is this low cost (.15%) momentum fund of any interest to the slicing and dicing crowd?

http://news.morningstar.com/articlenet/ ... ?id=614236

edit: I see this article is from May...so old news
by mptness
Sat Sep 28, 2013 3:54 pm
Forum: Personal Investments
Topic: Opinions on Investing Magazines
Replies: 17
Views: 1995

Re: Opinions on Investing Magazines

Whenever I read magazines such as Money or Forbes most of the advice is either out of date, useless, or selling an investment of some kind. Coldman: Your assumption is correct. However, there is always some information in nearly all publications that is good and may be useful. The problem is knowin...
by mptness
Wed Sep 25, 2013 8:35 am
Forum: Investing - Theory, News & General
Topic: Motley Fool ONE Feedback
Replies: 19
Views: 4302

Re: Motley Fool ONE Feedback

less wrote:I experienced Motley Fool to be the worst spammer on the web. They send every spam from a different source so you cannot get rid of them. (that was quite a while ago now).
+1. I tried to opt out of their email, but it keeps coming. Does anyone know how to get rid of this spam?
by mptness
Sat Sep 14, 2013 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Hobby or Self-Employment on Income Tax Return?
Replies: 17
Views: 2719

Re: Hobby or Self-Employment on Income Tax Return?

What if you deduct the loss from selling the personal items and call it a wash? That'd be nice, but "you may deduct capital losses only on investment property, not on property held for personal use" ( see here ), unfortunately. Rats. I should have known. :oops: In that case, if I were you...
by mptness
Fri Sep 13, 2013 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Hobby or Self-Employment on Income Tax Return?
Replies: 17
Views: 2719

Re: Hobby or Self-Employment on Income Tax Return?

Just my opinion, but since this was a one-time sale, I would call it hobby income and list the gross income on line 21 (other income) of your 1040. You can deduct expenses but you must do it on your Schedule A and it is limited to the amount that is greater than 2% of your AGI. Assuming that your e...
by mptness
Tue Sep 10, 2013 1:30 pm
Forum: Personal Consumer Issues
Topic: Are you an Iphone or Android guy?
Replies: 112
Views: 10726

Re: Are you an Iphone or Android guy?

First, you have to ask me if I am a guy. Victoria Are you an Iphone or Android guy/gal? I am an android {proud smile}, Victoria Wow, a Boglehead robot! No wonder you're so smart! I always assumed you were a woman. :D Trust but verify! Victoria Lol. Good advice as usual. BTW to the OP, dumb phone an...
by mptness
Tue Sep 10, 2013 1:20 pm
Forum: Personal Consumer Issues
Topic: Are you an Iphone or Android guy?
Replies: 112
Views: 10726

Re: Are you an Iphone or Android guy?

VictoriaF wrote:
chaz wrote:
VictoriaF wrote:First, you have to ask me if I am a guy.

Victoria
Are you an Iphone or Android guy/gal?
I am an android {proud smile},

Victoria
Wow, a Boglehead robot! No wonder you're so smart! I always assumed you were a woman. :D
by mptness
Sun Sep 08, 2013 2:24 pm
Forum: Investing - Theory, News & General
Topic: Is your fund is declaring a quarterly dividend in September?
Replies: 26
Views: 4625

Re: Is your fund is declaring a quarterly dividend in Septem

In an IRA, it does not matter when you invest with respect to distributions. In a taxable account, it is better to invest after the fund goes ex-dividend. This avoids getting a taxable distribution on holdings you just bought. Jeff Thank you. I wasn't as clear as I should have been. What I was also...
by mptness
Sun Sep 08, 2013 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Refund - ibonds / treasury direct / IRA
Replies: 8
Views: 1378

Re: Income Tax Refund - ibonds / treasury direct / IRA

BTW does anyone know how the IBonds are titled when purchased with a refund from a joint tax return? I believe the Form 8888 allows you to specify how they are titled. Thanks bogleviewer. I should have looked at the form. :oops: I see it's in Part II of the form and you can elect to have some or al...
by mptness
Sat Sep 07, 2013 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Refund - ibonds / treasury direct / IRA
Replies: 8
Views: 1378

Re: Income Tax Refund - ibonds / treasury direct / IRA

Form 8888 instructions about part II (ibonds) "You may request up to three different savings bond registrations. However,each registration must be a multiple of$50, and the total of lines 4, 5a, and 6a cannot be more than $5,000 (or your refund amount, whichever is smaller)." This specifi...
by mptness
Thu Sep 05, 2013 7:51 am
Forum: Investing - Theory, News & General
Topic: Take SS Early and Invest it? No
Replies: 70
Views: 7238

Re: Take SS Early and Invest it? No

The idea of taking SS early to invest it seems similar to taking on a mortgage to invest the proceeds (a topic that comes up often). Comparing apples and oranges...different risks involved. Many feel that at current mortgage rates this can be done. But beating 6.5%-8% (depending on which year we are...
by mptness
Thu Sep 05, 2013 7:23 am
Forum: Investing - Theory, News & General
Topic: "Social Security is not an asset"
Replies: 50
Views: 4934

Re: "Social Security is not an asset"

We periodically discuss whether one should "count" Social Security as bonds in her portfolio. Here is an interesting/good article on the topic: http://www.marketwatch.com/story/social-security-is-not-an-asset-2013-09-04 Here we go again !! One bit of financial planning mischief that rears...
by mptness
Wed Sep 04, 2013 12:14 pm
Forum: Investing - Theory, News & General
Topic: Active vs passive break even point
Replies: 25
Views: 2735

Re: Active vs passive break even point

Ged wrote:Since the market as a whole is comprised of active funds and passive funds, it should be 50%. This suggests no cost premium is justified.

I don't see how active funds could ever be competitive.
+1
Read the William F. Sharpe paper on "The Arithmetic of Active Management" on the Wiki.
by mptness
Tue Sep 03, 2013 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do Roth accounts always lose?
Replies: 69
Views: 7180

Re: Do Roth accounts always lose?

This thread is TLDR! :oops: Quick question - does it refer to Roth IRA vs. Traditional IRA or Roth 401(k) vs. Traditional IRA? I've always assumed that a Roth IRA is better than a Traditional IRA, so will really need to read this thread if it claims otherwise! :confused Trad IRAs tend to be better ...
by mptness
Fri Aug 30, 2013 5:15 pm
Forum: Personal Consumer Issues
Topic: Backsplash Measurement - Is my contractor scamming me.
Replies: 30
Views: 3949

Re: Backsplash Measurement - Is my contractor scamming me.

It may be the case that neither you nor the contractor made sure the contract was written well. (I also would be surprised if this contractor kept track of every receipt). You might have to deal with this in small claims court if you can't work out some compromise with him. I've got to say - your e...
by mptness
Fri Aug 30, 2013 11:43 am
Forum: Personal Consumer Issues
Topic: Backsplash Measurement - Is my contractor scamming me.
Replies: 30
Views: 3949

Re: Backsplash Measurement - Is my contractor scamming me.

You are going to get nothing but higher blood pressure to fight over this at this point, or get yourself worked up that you're being scammed. In my experience, it's hard for contractors to estimate labor time. Materials is a bit easier, but they always want to buy extra in case of defects, having t...
by mptness
Fri Aug 30, 2013 11:26 am
Forum: Personal Consumer Issues
Topic: Backsplash Measurement - Is my contractor scamming me.
Replies: 30
Views: 3949

Re: Backsplash Measurement - Is my contractor scamming me.

Bradley wrote:If you believe he is over charging for materials simply ask him for the dated invoice/receipts.
IMO the OP has no right to see the contractors receipts. None of his business unless this was agreed upon from the start.
by mptness
Fri Aug 30, 2013 11:04 am
Forum: Investing - Theory, News & General
Topic: One More "Don't Buy This Book" from Bill Bernstein
Replies: 73
Views: 16949

Re: One More "Don't Buy This Book" from Bill Bernstein

I got my copy for kindle, and at $4.95 it is sure to be a bargain. It will join several other books by Dr. Bernstein in my library including "The Intelligent Asset Allocator," "The Four Pillars of Investing," "The Investors Manifesto," and "The Ages of the Investor...
by mptness
Fri Aug 30, 2013 10:36 am
Forum: Personal Consumer Issues
Topic: Backsplash Measurement - Is my contractor scamming me.
Replies: 30
Views: 3949

Re: Backsplash Measurement - Is my contractor scamming me.

contract language.. Remodel Quote & Project Contract Broken out into 2 sections: (here is what is at the bottom) Total Labor Price: $12,900.00 Total Material Price: $26,281.00 TOTAL BID PRICE: $40,681.00 the words 'fixed' or'estimate' are not in the contract.. only 'bid' Like I said, if i chose...
by mptness
Fri Aug 30, 2013 8:53 am
Forum: Investing - Theory, News & General
Topic: One More "Don't Buy This Book" from Bill Bernstein
Replies: 73
Views: 16949

Re: One More "Don't Buy This Book" from Bill Bernstein

I will probably be purchasing a copy right away in case the price increases in the future. I may sell some of my long term bond fund to finance it. :happy
by mptness
Fri Aug 30, 2013 8:46 am
Forum: Personal Consumer Issues
Topic: Backsplash Measurement - Is my contractor scamming me.
Replies: 30
Views: 3949

Re: Backsplash Measurement - Is my contractor scamming me.

You are of course also entitled to any leftover tile. Does the tile come in 25 Sq foot batches? Yes, He has budgeted for the materials and he is buying, and returning the extra. So he is saying we are spending $750 (the tile is basically $10 a square foot) I think he is actually only spending $500 ...
by mptness
Thu Aug 29, 2013 12:19 pm
Forum: Investing - Theory, News & General
Topic: Did the NASDAQ halt affect you?
Replies: 24
Views: 1833

Re: Did the NASDAQ halt affect you?

I didn't know about it until after the fact. I suppose if I had been trying to rebalance or tax loss harvest at the time, I might have been only mildly annoyed. I do feel sorry for the active traders and speculators. After all they are part of the reason index funds do so well. :(
by mptness
Wed Aug 28, 2013 1:21 pm
Forum: Personal Consumer Issues
Topic: Don't let the phone co. rip the copper wires from your house
Replies: 54
Views: 9313

Re: Don't let the phone co. rip the copper wires from your h

This is especially alarming when you consider that copper wire was invented by two Bogleheads fighting over a penny. :D

Sorry but I couldn't resist.
by mptness
Fri Aug 23, 2013 5:34 pm
Forum: Personal Consumer Issues
Topic: Drying clothes in the sun - worth the hassle?
Replies: 86
Views: 9541

Re: Drying clothes in the sun - worth the hassle?

I live among the Amish who may be the most frugal people in the US. Needless to say they do not use clothes dryers. They have also mastered the engineering of clotheslines. You haven't seen a clothesline until you see one stretching 100 feet from house to barn, hanging a family of ten's laundry 20 f...
by mptness
Thu Aug 22, 2013 6:54 am
Forum: Personal Consumer Issues
Topic: Drying clothes in the sun - worth the hassle?
Replies: 86
Views: 9541

Re: Drying clothes in the sun - worth the hassle?

wilked wrote:
mptness wrote: Wow. This means if you average one load per day, you will save about $182.50 or less per year.
One load per day! That's a lot of clothes...
Yes probably 2 or three times average. I'm just saying that there is not much money saved. :moneybag
by mptness
Wed Aug 21, 2013 6:09 pm
Forum: Personal Consumer Issues
Topic: Drying clothes in the sun - worth the hassle?
Replies: 86
Views: 9541

Re: Drying clothes in the sun - worth the hassle?

Your post made me curious, so I googled and found this nifty online calculator . It says it costs around $.50 per load if your dryer uses electricity and $.34 per load with natural gas. Jim Wow. This means if you average one load per day, you will save about $182.50 or less per year. Our codes allo...
by mptness
Wed Aug 14, 2013 7:21 am
Forum: Investing - Theory, News & General
Topic: What makes an individual an Expert?
Replies: 62
Views: 5181

Re: What makes an individual an Expert?

G-Money wrote:
An expert is a man who has made all the mistakes which can be made, in a narrow field.
– Niels Bohr
Yes, and experience is "learning to recognize your mistakes the second time you make them"--- unknown :D
by mptness
Sun Aug 11, 2013 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: When did you get term life insurance? How long and how much?
Replies: 32
Views: 3948

Re: When did you get term life insurance? How long and how m

gerrym51 wrote:as much as you can afford for as long as something bad if family left without your salary.

after this time you can cancel it
This seems like simple sensible advice, although I wonder if the affordable amount is ever described as a percentage of income.
by mptness
Sun Aug 11, 2013 7:52 am
Forum: Personal Consumer Issues
Topic: Trex (The Good, the Bad and the Ugly)
Replies: 50
Views: 25057

Re: Trex (The Good, the Bad and the Ugly)

IMO there are reasons to prefer something more expensive than pressure treated, but longevity and maintenance may not be good ones. Oh, I think it's pretty clear that both longevity and maintenance are significantly superior with composite decking. Mine is now 8 years old and is still completely fl...
by mptness
Sat Aug 10, 2013 10:16 am
Forum: Personal Consumer Issues
Topic: Trex (The Good, the Bad and the Ugly)
Replies: 50
Views: 25057

Re: Trex (The Good, the Bad and the Ugly)

Mptness et al, I have been following this thread with great interest. I have a 16 x 40 deck that is twenty years old. I have been in this home 18 years now and have maintained it pretty well, but the wood flooring is beginning to deterioriate and had to install a couple of replacement boards this y...
by mptness
Sat Aug 10, 2013 9:58 am
Forum: Personal Consumer Issues
Topic: Trex (The Good, the Bad and the Ugly)
Replies: 50
Views: 25057

Re: Trex (The Good, the Bad and the Ugly)

If your old deck was pressure treated yellow pine and lasted 19 years with every other year maintenance, I think you will be hard pressed to find something more economical. If you go for a more expensive product, you will be paying primarily for aesthetics IMO. Nothing is maintenance free. Don't fo...
by mptness
Sat Aug 10, 2013 9:02 am
Forum: Investing - Theory, News & General
Topic: What do you use your standard Savings/Share account for?
Replies: 18
Views: 1504

Re: What do you use your standard Savings/Share account for?

gkaplan wrote:My credit union requires that I maintain a minimum five dollar balance in my savings account.
+1. I have two of these at credit unions with $5 balances in order to purchase their CDs.
by mptness
Sat Aug 10, 2013 8:18 am
Forum: Personal Consumer Issues
Topic: Trex (The Good, the Bad and the Ugly)
Replies: 50
Views: 25057

Re: Trex (The Good, the Bad and the Ugly)

If your old deck was pressure treated yellow pine and lasted 19 years with every other year maintenance, I think you will be hard pressed to find something more economical. If you go for a more expensive product, you will be paying primarily for aesthetics IMO. Nothing is maintenance free. Don't for...
by mptness
Thu Aug 08, 2013 7:38 am
Forum: Personal Finance (Not Investing)
Topic: What do I owe my children?
Replies: 119
Views: 13255

Re: What do I owe my children?

Forgive son #1's student loan, and gift son #2 $32,000. Now everything is equal and son #2 feels no resentment. Son #2 uses the money to buy a new car. Is everything still equal? How does son #1 feel now? I agree with the comment that equal doesn't mean identical. Maybe if you can afford it, you sho...
by mptness
Wed Aug 07, 2013 8:57 am
Forum: Personal Finance (Not Investing)
Topic: What do I owe my children?
Replies: 119
Views: 13255

Re: What do I owe my children?

I agree with those who say you don't owe your children anything in this situation. Plenty of students put themselves through college and or graduate school. Many parents are not in a position to help them in this way. And if you are in a position to offer financial help I see no reason that it has t...
by mptness
Tue Aug 06, 2013 6:28 pm
Forum: Personal Investments
Topic: Should I forget about purchasing individual stocks?
Replies: 117
Views: 11632

Re: Should I forget about purchasing individual stocks?

You must have convinced yourself to forget about individual stocks by now. Most of us were convinced before the end of page one. :happy
by mptness
Sun Aug 04, 2013 5:23 pm
Forum: Personal Investments
Topic: Should I forget about purchasing individual stocks?
Replies: 117
Views: 11632

Re: Should I forget about purchasing individual stocks?

I'm a Boglehead to the core. I hold nearly all my money in an internationally diversified portfolio of low-cost index funds of stocks, bonds and real estate. However, for some time now, I have had a nagging itch to dabble in individual stocks. Since you are a Boglehead with the urge to gamble, try ...
by mptness
Sat Jul 13, 2013 9:27 pm
Forum: Investing - Theory, News & General
Topic: Does this mean I don't believe in the efficient market theor
Replies: 28
Views: 2499

Re: Does this mean I don't believe in the efficient market t

I got off a bus in a large parking lot on Tuesday in Texas and saw two coins right next to each other on the concrete which I immediately picked up. One was UK 5 pence coin and the other was 10 cent euro coin. http://www.youtube.com/watch?v=9fk68znmKcU "Mister change a dollar. Please change a ...
by mptness
Fri Jul 12, 2013 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Why not pay credit card bill as soon as it arrives?
Replies: 69
Views: 7383

Re: Why not pay credit card bill as soon as it arrives?

The Finance Buff, a frequent poster here, had the following on his blog: http://thefinancebuff.com/3-good-money-habits-going-obsolete-in-a-low-interest-rate-world.html One of them was "paying bills as late as possible" for which TFB was substituting "Pay Bills As Soon As They Arrive....
by mptness
Fri Jul 12, 2013 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Why not pay credit card bill as soon as it arrives?
Replies: 69
Views: 7383

Re: Why not pay credit card bill as soon as it arrives?

I'd rather have $490 more income per year on average versus some good feelings about paying my credit card bill to MegaBank a month early. +1 The $490 would be more likely to make me feel good too. :moneybag In my opinion MnD and Rainier have this right. And WendyW had the correct answer right away...
by mptness
Fri Jul 12, 2013 8:22 am
Forum: Investing - Theory, News & General
Topic: The best investment advice you'll never get
Replies: 11
Views: 3272

Re: The best investment advice you'll never get

From the article: If everyone invested in index funds, he points out, the market itself would die a natural death. “ We need active managers ,” he says. “It’s buyers and sellers who keep prices moving, which is what drives the market. Index funds simply reflect what the market is doing.” He believe...
by mptness
Thu Jul 11, 2013 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why not pay credit card bill as soon as it arrives?
Replies: 69
Views: 7383

Re: Why not pay credit card bill as soon as it arrives?

' Has to do with the time value of money, which is the cornerstone of all finance. Receiving $1 today is better than receiving $1 a month from now. Paying $1 a month from now is preferable to paying $1 today. Admittedly, in today's environment, earning 0.01% on your chequing account balance isn't p...
by mptness
Wed Jul 10, 2013 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding a Common Social Security Planning Mistake
Replies: 24
Views: 2857

Re: Avoiding a Common Social Security Planning Mistake

The PIA listed on your statement assumes that you will continue working, at your current rate of earnings, until reaching your full retirement age. In other words, if the earnings from age 61 to FRA (which they are assuming will occur but which will not actually occur if you retire next year) would...
by mptness
Wed Jul 10, 2013 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding a Common Social Security Planning Mistake
Replies: 24
Views: 2857

Re: Avoiding a Common Social Security Planning Mistake

mptness wrote: I thought that they use your best 30 years of earnings to determine your benefits. If that is true, then as long as you are earning more each year your benefit would increase, but as soon as you start earning less your benefit would only decrease if you didn't have 30 years of earnin...
by mptness
Wed Jul 10, 2013 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding a Common Social Security Planning Mistake
Replies: 24
Views: 2857

Re: Avoiding a Common Social Security Planning Mistake

I thought that they use your best 30 years of earnings to determine your benefits. If that is true, then as long as you are earning more each year your benefit would increase, but as soon as you start earning less your benefit would only decrease if you didn't have 30 years of earnings. Is this corr...
by mptness
Wed Jul 10, 2013 8:45 am
Forum: Personal Investments
Topic: Any replacements for good old excel?
Replies: 13
Views: 2060

Re: Any replacements for good old excel?

If the problem you are facing is that you have complicated baskets of assets and tricky transactions to keep in balance, then in my opinion you should be diving deeper into Excel rather than seeking to get out of it. The tradeoff with slicker canned packages is reduction in flexibility, so it is un...
by mptness
Wed Jul 10, 2013 8:11 am
Forum: Personal Investments
Topic: Any replacements for good old excel?
Replies: 13
Views: 2060

Re: Any replacements for good old excel?

There are several good sample spreadsheets in the Wiki section about tracking asset allocation with spreadsheets. I am using one of those.
by mptness
Tue Jul 09, 2013 11:13 am
Forum: Investing - Theory, News & General
Topic: CD Ladder Question
Replies: 12
Views: 1069

Re: CD Ladder Question

It's not important. I just buy the highest rate I can find for each maturity. There will be times when rates have fallen and the 5 year will be less than the 4 year. That's the way the ball bounces. I understand this when one is renewing the ladder, but if you were constructing it from scratch shou...
by mptness
Tue Jul 09, 2013 11:01 am
Forum: Investing - Theory, News & General
Topic: CD Ladder Question
Replies: 12
Views: 1069

Re: CD Ladder Question

As you noted, perhaps a shorter early withdrawal penalty could justify the lower rate. Also, if you have a known 5 year nominal (i.e., not real) liability, a 5 year CD may be preferable to eliminate the interest rate risk that would arise by using a shorter CD that paid a higher interest rate. Or p...