Search found 178 matches

by mptness
Mon Mar 02, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: 1098-T Discrepancies?
Replies: 6
Views: 697

Re: 1098-T Discrepancies?

Keep in mind that box 1 is for amounts paid, and box 2 is for amounts billed. Many schools are permitted to report qualified expenses in box 2 as amounts billed. This means you must examine your school's record to see when the amounts were actually paid. For example, often the spring semester is bil...
by mptness
Thu Sep 25, 2014 2:31 pm
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 7053

Re: We're all going to die!!!

jimb_fromATL wrote:Since 1950 there have been over 1000 days that were as bad or worse.
I think we had 5 this year, and I for one am still alive (by coincidence only).
by mptness
Thu Sep 04, 2014 12:58 pm
Forum: Investing - Theory, News & General
Topic: William Sharpe advises against rebalancing
Replies: 32
Views: 4251

Re: William Sharpe advises against rebalancing

To the extent that a lot of the dynamic shift is driven by prices, which seems to be somewhat true from eyeballing the graph, then following Sharpe's ideas would have you doing quite a lot backwards -- you'd buy more stocks when prices go up and you'd sell off when they fall. I don't have a Nobel p...
by mptness
Thu Sep 04, 2014 12:42 pm
Forum: Investing - Theory, News & General
Topic: William Sharpe advises against rebalancing
Replies: 32
Views: 4251

Re: William Sharpe advises against rebalancing

When you look at the breakdown of all the investable assets in the world (from this recent paper), it doesn't look too different from a moderately conservative balanced fund (with several spicy slices added to it). It has about 45% equity and 55% bonds — which could be approximately duplicated with...
by mptness
Fri Aug 29, 2014 5:15 pm
Forum: Personal Investments
Topic: WSJ: Firing One's Advisor
Replies: 18
Views: 3365

Re: WSJ: Firing One's Advisor

livesoft wrote:After the market dropped at the end of January and early in February, there were a number of posts about buying on the dips in the bogleheads forum.
If I had an adviser, I would rather be paying him to buy on the dips. Better yet, fire the adviser, and ask livesoft for free!
by mptness
Fri Aug 29, 2014 3:42 pm
Forum: Personal Investments
Topic: WSJ: Firing One's Advisor
Replies: 18
Views: 3365

Re: WSJ: Firing One's Advisor

I had no trouble finding the alternate links by googling the titles with dashes between the words. From the Liz Moyer Article: Think hard about what else an adviser can do beyond choosing investments. If you have trouble managing your emotions when markets plunge, an adviser can help prevent rash de...
by mptness
Sat Aug 23, 2014 11:34 am
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 9928

Re: Do you tip on the tax? [Restaurants]

I figure out my tip based on the total bill. In my state that results in a tip that is about 1% higher than if I used the pretax total. Simply rounding off to the nearest dollar could change my tip by that much in some cases, so no big deal IMO how I do the math. What is important to me is that I le...
by mptness
Fri Aug 22, 2014 5:31 pm
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 3829

Re: Why do we tip restaurant servers?

I tip for the reason suggested by RyeWhiskey. Also it makes me feel generous and charitable, especially after reading all the posts from those who object to the practice. There was a recent thread questioning tipping on sales tax, which amounts to about 2% of the cost of eating out. I guess that's h...
by mptness
Fri Aug 15, 2014 3:15 pm
Forum: Investing - Theory, News & General
Topic: New lower limit for Admiral share conversion
Replies: 10
Views: 2050

Re: New lower limit for Admiral share conversion

Same thing happened to me this week. Since the value of the shares are currently about 1% or so less than 10k, I made the same assumption as Epsilon Delta. Perhaps the value was over $10,000 on the day Vanguard made the decision to convert -- this may not be the same day the conversion was made. I'm...
by mptness
Wed Mar 19, 2014 12:23 pm
Forum: Personal Consumer Issues
Topic: Professions that have the most/least psychopaths
Replies: 30
Views: 2808

Re: Professions that have the most/least psychopaths

After looking at the list, I'm not likely to be one, but very likely to work for one.
by mptness
Fri Mar 14, 2014 11:29 am
Forum: Investing - Theory, News & General
Topic: Random Walk Down Wall Street
Replies: 27
Views: 4638

Re: Random Walk Down Wall Street

I read RWDW a couple years ago and enjoyed from start to finish.
livesoft wrote:I guess you haven't read Moby Dick by Melville then?
Spoiler alert

I can save you more than three hours...whale kills Ahab, Ishmael survives.

P.S. Don't try to time the market. :D
by mptness
Thu Mar 13, 2014 1:08 pm
Forum: Investing - Theory, News & General
Topic: "The Average Investor Should Use a Financial Adviser"
Replies: 51
Views: 9966

Re: "The Average Investor Should Use a Financial Adviser"

The average investor is going to get the average financial adviser, and the average financial adviser is most certainly not going to be a person any investor should use. Do you think the average Vanguard adviser = the average financial adviser. It doesn't have to be forever. The 0.3% AUM fee on $10...
by mptness
Sat Feb 15, 2014 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Another medical billing surprise-Colonosocopy
Replies: 61
Views: 10055

Re: Another medical billing surprise-Colonosocopy

Apparently, under ACA screening colonoscopies are covered in full without a copay, even if a polyp is found. Unfortunately for the OP, the requirement only applies to private insurance and not Medicare. http://www.kaiserhealthnews.org/Features/Insuring-Your-Health/2013/041613-Michelle-Andrews-preve...
by mptness
Tue Feb 11, 2014 10:40 am
Forum: Personal Investments
Topic: I-Bonds no longer reissued as paper?
Replies: 24
Views: 2150

Re: I-Bonds no longer reissued as paper?

Am I truly stuck with the choice between keeping paper bonds and updating the beneficiary, or is there any other process to update the beneficiary and keep bonds in paper form? I don't know the answer to your question, but I would certainly prefer electronic bonds with the proper beneficiary to pap...
by mptness
Sat Feb 01, 2014 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring large amounts
Replies: 18
Views: 3691

Re: Transferring large amounts

When making these $250K transfers into these interest bearing accounts, don't forget to keep in mind FDIC limits.
by mptness
Sun Jan 26, 2014 1:49 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement funds invest in Investor Shares
Replies: 24
Views: 2524

Re: Target Retirement funds invest in Investor Shares

For a young person investing in the Vanguard 2055 fund, she would need around 16K total to own the equivalent of admiral shares in Total Stock Market Fund, 37K to add the equivalent in Total International, and 125K to add the same in Total Bond. With the fund investing only 2% in the Total Internati...
by mptness
Sun Jan 26, 2014 10:56 am
Forum: Personal Finance (Not Investing)
Topic: [What is] wrong with Treasury Direct website?
Replies: 79
Views: 11401

Re: [What is] wrong with Treasury Direct website?

Are the keyboard entry and one time pass codes actually a higher level of security? Considering that a a relatively small percentage of my portfolio is with Treasury Direct compared to online banks and brokerage, I am feeling relatively less secure.
by mptness
Thu Jan 23, 2014 9:23 am
Forum: Personal Investments
Topic: Should I reinvest dividend with PenFed CD?
Replies: 5
Views: 888

Re: Should I reinvest dividend with PenFed CD?

dickenjb wrote:For a CD it is not dividend, it is interest.
Interest(ingly) PenFed calls it a dividend.

You will receive an extra %.04 by reinvesting.
by mptness
Wed Jan 22, 2014 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

The culminating event of The Finance of Retirement and Pensions course is just around the corner. The Innovative Ideas for the Future of U.S. Public Sector Pensions Symposium will stream live this Friday, January 24 from 9 am - 12:30 pm PST. Representatives from the five selected teams will present ...
by mptness
Wed Jan 08, 2014 11:31 am
Forum: Personal Investments
Topic: Taxable investments question: Cost basis and reinvestment
Replies: 21
Views: 1709

Re: Taxable investments question: Cost basis and reinvestmen

Also, if you don't want to reinvest automatically, Vanguard can send your dividends to an external account. This is what I do with my taxable dividends in order to get a (albeit slightly) better yield than the sweep MM account until I am ready to invest.
by mptness
Tue Jan 07, 2014 6:48 pm
Forum: Personal Consumer Issues
Topic: Heating sources for conventional loan
Replies: 29
Views: 7369

Re: Heating sources for conventional loan

Will this home have plumbing? Oops! Hopefully the lender didn't notice that it was penciled in as "4 rooms and a path" instead of "4 rooms and bath". :twisted: jimb 4 rooms and a path = outdoor plumbing. :happy I would recommend some kind of central heat for back up with a wood ...
by mptness
Sat Dec 21, 2013 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

Thanks for the links! I will look forward to doing some reading.
by mptness
Sat Dec 21, 2013 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

[quote]If you happen to be in D.C. during one of our bi-monthly meetings, we could have a lively conversation about these topics. BobK comes to most meetings, but you could check with him ahead of time/quote]

Thanks. I don't get there too often but I will keep it in mind.
by mptness
Sat Dec 21, 2013 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

BobK: I think I understand the distinction you are making between the older and newer paradigms. I'm still not sure why the Bogleheads investment philosophy is necessarily at odds with Life-Cycle Finance. From the wiki: In summary, a Bogleheads investor tends to (1) save a lot, (2) select an asset a...
by mptness
Sat Dec 21, 2013 11:33 am
Forum: Personal Consumer Issues
Topic: Gas mileage quiz
Replies: 57
Views: 4503

Re: Gas mileage quiz

B? Because it sounds more efficient.
by mptness
Wed Dec 18, 2013 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

I was pleasantly surprised to see William Sharpe make multiple appearances during the course. Given your admiration for William Sharpe I take it that you are aware of his famous quote about retirement planning. Virtually all retirees have an explicit or implicit retirement spending and investment s...
by mptness
Wed Dec 18, 2013 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

Here are three examples of retirement investing advice in the course that is contrary to investment advice commonly given at Bogleheads. 1) When Rauh talked about state pricing it immediately occurred to me that this is hardly ever discussed at Bogleheads. In fact other than a couple of stabs I hav...
by mptness
Sun Dec 15, 2013 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

The course is complete and 5 active Bogleheads formed a team for the Final Team Project. There were over 200 teams that submitted projects. The Boglehead Team got "6th place" or 1st runner-up. Unfortunately, only the top 5 teams are invited to present their projects at the Stanford Busine...
by mptness
Sun Dec 15, 2013 10:52 am
Forum: Investing - Theory, News & General
Topic: Good Clark Howard Muni Advice
Replies: 11
Views: 1448

Re: Good Clark Howard Muni Advice

If you want an intermediate-term duration, a barbell might be even better for tax purposes; hold equal amounts of your state's long-term fund and Limited-Term Tax-Exempt. Half the bonds are from outside your state, but much less than half the income is from your state. Last sentence doesn't sound r...
by mptness
Wed Dec 11, 2013 2:32 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Past performance is terrible guide to future
Replies: 16
Views: 1987

Re: Jack Bogle: Past performance is terrible guide to future

I'd expect that most of the financial TV shows would love to have him as a guest, and are lucky if he agrees to be interviewed. I'd be surprised if the hosts of these shows didn't have a great deal of respect for his opinion, after all, he earned it. Of course that doesn't stop them from trying to g...
by mptness
Thu Dec 05, 2013 2:13 pm
Forum: Personal Consumer Issues
Topic: Live Webinar on The Crisis in Public Employee Pensions.
Replies: 0
Views: 248

Live Webinar on The Crisis in Public Employee Pensions.

As part of the Stanford on-line course "The Finance of Retirement & Pensions" there will be a webinar today at 1 PST (4 EST) discussing the crisis in public employee pension funds. The webinar is open to the public. Professor Josh Rauh will moderate the discussion. Our group of panelis...
by mptness
Tue Dec 03, 2013 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Nanny Minimum Wage
Replies: 34
Views: 4070

Re: Nanny Minimum Wage

From a family perspective, nothing could be better. Our kids get to spend time with family, and we are able to help my sister-in-law financially. It sounds like this is a better situation than hiring a stranger for minimum wage to watch your children. We also want to be on the up-and-up, making sur...
by mptness
Sat Nov 23, 2013 10:58 am
Forum: Investing - Theory, News & General
Topic: The chart that's spooking Wall Street
Replies: 22
Views: 3202

Re: The chart that's spooking Wall Street

If only the investors in 1929 had the amount of financial "news" that we have today. I'm sure if they had the internet and CNBC everyone would have been warned in time to get out before the crash. :D
by mptness
Sat Nov 23, 2013 10:22 am
Forum: Personal Consumer Issues
Topic: Wood burning stoves in New England
Replies: 88
Views: 8365

Re: Wood burning stoves in New England

Depending the on availability and local prices firewood usually costs at little as half as much as other fuels. Much more work, however, and you must add the cost of the appliance used to burn it (easily could be $1500 installed), chimney cleaning, etc. If you are spending more than $150 per cord fo...
by mptness
Fri Nov 22, 2013 10:12 am
Forum: Personal Consumer Issues
Topic: How does Football,Baseball work???
Replies: 120
Views: 8062

Re: How does Football,Baseball work???

In case you never heard this explanation of football from Andy Griffith.

http://www.youtube.com/watch?v=oNxLxTZHKM8
by mptness
Thu Nov 14, 2013 10:30 am
Forum: Personal Consumer Issues
Topic: The Boglehead View on Squirrels
Replies: 112
Views: 10356

Re: The Boglehead View on Squirrels

For those fond of feeding them, this practice should pay great dividends. I have discovered that they will reproduce rapidly given a good source of food. It is the quickest way I know of to turn 2 squirrels into 20 squirrels. My uncle used to do this in order to improve his chances of adding one to ...
by mptness
Tue Nov 12, 2013 9:52 am
Forum: Investing - Theory, News & General
Topic: Questioning role of Emerging Markets
Replies: 58
Views: 7069

Re: Questioning role of Emerging Markets

Nisiprius Man you are really a died in the wool skeptic. Dyed! :mrgreen: The expression "dyed in the wool" refers to a state of steadfastness, especially with respect to one's political, religious or social beliefs. The expression comes from the fact that fabric can be dyed in a number of...
by mptness
Thu Nov 07, 2013 9:17 am
Forum: Investing - Theory, News & General
Topic: Live Webinar on Asset Allocation
Replies: 1
Views: 305

Live Webinar on Asset Allocation

As Part of the Stanford Online Course "The Finance of Retirement & Pensions" there will be a live webinar today at 4PM on asset allocation for individuals engaging in long-term financial planning. http://gsbats.com/ Professor Josh Rauh will be moderating with panelists: William F. Shar...
by mptness
Sun Nov 03, 2013 10:41 am
Forum: Investing - Theory, News & General
Topic: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)
Replies: 94
Views: 10674

Re: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)

By my estimates (and someone should definitely check my math), it would take 18 months with the new 0.2% fixed rate to recoup the penalty of 3 months interest at 1.18% for selling I Bonds held less than 5 years to buy new bonds. 17.7 months on my calculator. In that case maybe I'll wait until March...
by mptness
Sun Nov 03, 2013 8:51 am
Forum: Investing - Theory, News & General
Topic: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)
Replies: 94
Views: 10674

Re: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)

By my estimates (and someone should definitely check my math), it would take 18 months with the new 0.2% fixed rate to recoup the penalty of 3 months interest at 1.18% for selling I Bonds held less than 5 years to buy new bonds. 17.7 months on my calculator. In that case maybe I'll wait until March...
by mptness
Sat Nov 02, 2013 5:49 pm
Forum: Investing - Theory, News & General
Topic: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)
Replies: 94
Views: 10674

Re: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)

By my estimates (and someone should definitely check my math), it would take 18 months with the new 0.2% fixed rate to recoup the penalty of 3 months interest at 1.18% for selling I Bonds held less than 5 years to buy new bonds. 17.7 months on my calculator. In that case maybe I'll wait until March...
by mptness
Fri Nov 01, 2013 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

I'm a little unclear about the data we should be using for the individual project: Trailing historical performance net of fees over the past 1 year, 2 years, 3 years, etc. going back as far as you can get information, at least 5 years, up to 15 years. This should include all capital gains and divide...
by mptness
Fri Oct 25, 2013 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

Remember that the math is a tool - the mechanics are easy straight-forward. It's the understanding of how to use the tool that's important. Very True. No real need for me to know all the math behind the various tools. When asked if he could read music Louie Armstrong replied "Not enough to hur...
by mptness
Wed Oct 23, 2013 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

Not a lot to discuss this week as lectures 3 through 5 deal with the basics of the bond market. Probably mostly old hat to most who have read the wiki and Boglehead recommended reading. A lot of the math and spreadsheet formulas are new to me, but I'm still keeping up. I can see the course will be v...
by mptness
Wed Oct 23, 2013 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

VictoriaF and I have received requests from 6 other Bogleheads requesting to be assigned to a "Boglehead Group" for the group project. We split people up into groups based on when they sent us a message requesting to be in a group. I have sent PMs to all the people that sent us requests. ...
by mptness
Wed Oct 23, 2013 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

The 'rule of 20' was based on the fact that a 65 year old male could buy an annuity, inflation indexed, paying about 5% of capital value pa, with a 50% spousal survivor benefit (spouse 3 years younger). Now that is closer to a 'rule of 30' ie the benefit is now under £3000 pa for £100k of capital. ...
by mptness
Mon Oct 21, 2013 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

swimirvine wrote:Has anyone been able to find the .PDF for the Lecture 3 exercises? I wanted to get started while the info is fresh in my mind.

Thanks
https://novoed.com/rauh-finance/lectures/435

scroll to the bottom of the lecture 3 page on the right hand side.
by mptness
Wed Oct 16, 2013 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Free Stanford Course: Finance of Retirement & Pensions
Replies: 138
Views: 21956

Re: Free Stanford Course: Finance of Retirement & Pensions

sorry swim, I meant question 2 on the Lecture 1 Discussion Questions - "Why does the shortcut formula in column F of the Lecture 1 spreadsheet (Sheets 2, 3, 4)work? Can you explain this formula? The formula: =(((C1*C5)*(1/(C4-(C3+C2))))*(1-((((1+C2)+C3)/(1+C4))^42)))*((1+C4)^42) C2 = inflation...