Search found 9606 matches

by sport
Tue Mar 18, 2008 8:13 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing Daily!
Replies: 34
Views: 8206

This stock market is not typical. Most of the time, there is a certain momentum to the stock market. It is either going up, in general, or going down, in general. If you rebalance too frequently, you can loose out on some gains when the market is going up, and you can incur some additional losses in...
by sport
Tue Mar 18, 2008 5:09 pm
Forum: Investing - Theory, News & General
Topic: The danger in managed funds
Replies: 2
Views: 1223

Taylor, Active management, by necessity, involves a large number of decisions. Some of those decisions will work out well, some will work out poorly, and some will make little difference. You have identified one of those decisions that apparently has worked out poorly. However, I am sure that Mr. Ba...
by sport
Sun Mar 16, 2008 4:41 pm
Forum: Investing - Theory, News & General
Topic: Dividend Paying Stocks in Retirement
Replies: 23
Views: 4766

Re: TSM and share value

Greg, TSM has capital gains, just like a managed fund. Its just that those gains are not recognized. So, instead of additional shares, you get an increase in the value of the shares you have. Total return is what counts, not the number of shares. In fact, in a taxable account, recognized gains are ...
by sport
Sun Mar 16, 2008 3:24 pm
Forum: Investing - Theory, News & General
Topic: Dividend Paying Stocks in Retirement
Replies: 23
Views: 4766

Greg, TSM has capital gains, just like a managed fund. Its just that those gains are not recognized. So, instead of additional shares, you get an increase in the value of the shares you have. Total return is what counts, not the number of shares. In fact, in a taxable account, recognized gains are t...
by sport
Fri Mar 14, 2008 1:46 pm
Forum: Investing - Theory, News & General
Topic: 1.2% I Bonds Looking Good Again
Replies: 117
Views: 26027

I just wanted to clarify one more thing re: paper bonds. My local WaMu doesn't want anything to do with processing savings bonds, so I had the purchase forms mailed to me from the Minnesota FRB. So now I just fill out the form and mail it with a (rather large) check (in a plain business envelope) d...
by sport
Fri Mar 14, 2008 1:29 pm
Forum: Personal Investments
Topic: Selling an empty vs lived in house: Financial ramifications
Replies: 4
Views: 1755

Here is some personal experience. We put our house on the market in spring 2006 when we found the new one we wanted to buy. A month later, the new house was finished, and we were obligated to buy it. It had a one year warranty on the entire house. We chose to stay in the old house, because we though...
by sport
Wed Mar 12, 2008 7:13 pm
Forum: Investing - Theory, News & General
Topic: Simple Question, but hard for me...
Replies: 19
Views: 3035

Peanut,
Mutual funds pay dividends and maybe capital gains, they do not pay interest.

Jeff
by sport
Wed Mar 12, 2008 1:31 pm
Forum: Investing - Theory, News & General
Topic: Simple Question, but hard for me...
Replies: 19
Views: 3035

Peanut, First consider stock funds. The stocks held by the funds pay dividends to the fund. The fund will distribute those dividends to you, quarterly, semi, or annually. You may take this payment in cash, or reinvest it and get additional shares. If the fund sells some its holdings during the year ...
by sport
Tue Mar 11, 2008 2:33 pm
Forum: Investing - Theory, News & General
Topic: Harbor Bond vs Vanguard IT Investor Grade and IT Index Fund
Replies: 8
Views: 1656

Re: missing the point

I think the OP is missing the point. The question should be, how would you have distinguised the pimco fund from its peers many years ago, so that you could have enjoyed its many years of outperformance? You can't buy past returns. Paul, I don't think I am missing anything. I was able to distinguis...
by sport
Mon Mar 10, 2008 6:27 pm
Forum: Investing - Theory, News & General
Topic: Harbor Bond vs Vanguard IT Investor Grade and IT Index Fund
Replies: 8
Views: 1656

No comments?
by sport
Mon Mar 10, 2008 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Time to switch from property tax to sales tax for cities?
Replies: 19
Views: 3815

There is a major problem with city sales taxes. If these taxes replace property taxes, they will be rather large. In addition, since they would be levied by individual communities, there would be a large variation from one location to another. I would think that shoppers would quickly move their sho...
by sport
Mon Mar 10, 2008 2:52 pm
Forum: Personal Investments
Topic: Short term investment
Replies: 2
Views: 960

If you are looking at a time frame of only 2 to 3 years, I would stay with the MM fund. If interest rates should rise during those 2 to 3 years, which is a real possibility, the value of bonds and bond fund shares will drop. This will be true for both TIPS and nominal bonds.

Best wishes,
Jeff
by sport
Sun Mar 09, 2008 10:45 pm
Forum: Investing - Theory, News & General
Topic: Harbor Bond vs Vanguard IT Investor Grade and IT Index Fund
Replies: 8
Views: 1656

Harbor Bond vs Vanguard IT Investor Grade and IT Index Fund

The "conventional wisdom" on this board is that bond funds of a given type are very much the same and Vanguard's lower expenses may be expected to produce better returns in the long run. The "conventional wisdom" also states that active management is generally not worth its cost,...
by sport
Sun Mar 09, 2008 1:56 am
Forum: Personal Investments
Topic: $40K Lump Sum to invest in a Declining Market
Replies: 4
Views: 1776

HG, No one knows the answer to your question. If the market goes up next week the best thing would be to invest the lump sum on Monday. If the market goes down next week, splitting the investment into two parts would be better. However, unless you know where to find a working crystal ball, there is ...
by sport
Sun Mar 09, 2008 1:46 am
Forum: Forum Issues and Administration
Topic: Title for Financial Pros?
Replies: 40
Views: 10543

Alex, While this seems to be a good idea, I see a potential problem. If you identify the "pros", then people will depend on these designations, and will conclude that anyone not so identified, is a not one of those pros. However, while many of the professionals post openly under their own ...
by sport
Fri Mar 07, 2008 8:36 pm
Forum: Investing - Theory, News & General
Topic: Question about Bond Prices
Replies: 2
Views: 1151

There is one thing you can do, althought it may not be a good idea. When bond prices are up, you can change to bonds with a shorter maturity. Then, when interest rates go up (prices go down), your holding will not drop in price as much as the longer holding would have done. Similarly, when prices ar...
by sport
Wed Mar 05, 2008 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: About the Vanguard account number
Replies: 12
Views: 4897

Not only does Vanguard put your account number on your checks, but they also show the name of the fund the check draws on. If that fund happens to be the Admiral Money Market fund, the check shows that fund's name. So, any recipient of those checks has not only your account number, but they also kno...
by sport
Wed Mar 05, 2008 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: About the Vanguard account number
Replies: 12
Views: 4897

Re: Giving out Vanguard account number?

I would not give your Vanguard account number to anybody (even though Vanguard has safeguards). Taylor, For money market (and bond) funds, the account number appears on the paper checks supplied by Vanguard. Do you mean to say that those checks, therefore, should never be used, or do you have a rec...
by sport
Tue Mar 04, 2008 2:10 pm
Forum: Personal Investments
Topic: Closing Question - Please Help!
Replies: 12
Views: 3210

We just sold one house and bought another recently. In each case, there was an escrow agent, and everything went through that agent. The agent had to have the cash payments and the signed documents before anything changed hands. Once everything was in place, the escrow agent transferred the deed and...
by sport
Mon Mar 03, 2008 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Your Internet Service Provider Evaluation is appreciated.
Replies: 54
Views: 13273

Before you decide to switch from dial-up, verify that your computer is new enough to handle the high speed service. I have been told by two DSL vendors that they could not provide service for me with my current setup. My computer uses Windows 98 SE, and they said that would not work very well if at ...
by sport
Sun Mar 02, 2008 9:58 pm
Forum: Personal Investments
Topic: 3 Qs from new member
Replies: 22
Views: 3751

If you are given shares, then the basis could be zero. I thought it you were given shares, the basis would be the value on the day of the gift. I believe that is how it works with what you inherit, isn't it? Are gifts and inheritances different? Yes they are different. Inherited stocks get a step-u...
by sport
Fri Feb 29, 2008 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Making money off my credit card
Replies: 28
Views: 7746

Re: jsl11

I know of the first and third cards you reference (Discover Gas, Chase Freedom), but which card gets you 3% on dining out and 2% on travel? My American Express through Costco pays that, and 1% on everything else... The Costco Amex card is the one I was referring to. It rebates 3% on gasoline and re...
by sport
Fri Feb 29, 2008 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Making money off my credit card
Replies: 28
Views: 7746

Ray, You are exactly correct on this. However, by being a little selective in which credit card(s) you use, you can get even better cash rebates. For example, my gasoline card rebates 5% on gas, I have another that rebates 3% on dining out, and 2% on travel, and a third one that pays 3% on the three...
by sport
Thu Feb 28, 2008 2:16 am
Forum: Investing - Theory, News & General
Topic: We're switching 401k plan providers at work
Replies: 48
Views: 10847

Michael, Before I retired, I worked for a company that had about 100 employees enrolled in a plan of only 3 million dollars, much smaller than yours. We were too small for Vanguard. My company went with a plan with Metropolitan Life purchased through a broker. It certainly was not a low cost arrange...
by sport
Wed Feb 27, 2008 3:58 pm
Forum: Personal Investments
Topic: WoooHoooo!!!! The Housing Slump is OVER
Replies: 7
Views: 3010

Regal 56 wrote:Stop shouting, dammit! I'm buying a house soon, and I don't need you driving up the prices.

—Tom Poore
Tom,
It's too bad you didn't say so sooner. I sold a nice house in South Euclid last June. The buyer got it for a very good price.

Jeff
by sport
Mon Feb 25, 2008 4:19 pm
Forum: Investing - Theory, News & General
Topic: Am I Crazy to build a house
Replies: 17
Views: 3710

cam, You could buy the lot now, and wait until the real estate market improves before building your new home. However, that wait might be 3 to 5 years, possibly longer. However, it would make it a lot easier to sell your current house, and you would presumably get a lot more for it. The Cleveland ma...
by sport
Thu Feb 21, 2008 2:36 pm
Forum: Personal Investments
Topic: Need advice on advising
Replies: 6
Views: 1885

Re: what you're missing

What you may be missing: 2. She might not have a choice. For example, if she's offered an early retirement "package" at 62, she needs to take it and run. No real choice there. I wish my current employer would offer me an early retirement package at 25! :shock: Kidding - great point about ...
by sport
Thu Feb 21, 2008 1:45 am
Forum: Investing - Theory, News & General
Topic: auto delinquencies - benefits ?
Replies: 5
Views: 1542

Many years ago, I went to a place where a bank had repo cars stored prior to the auction. All of the cars were locked, and bids had to be made only on the basis of an external inspection. You could not even tell if the cars were in running condition. I was part of a group of co-workers (all engineer...
by sport
Thu Feb 21, 2008 1:04 am
Forum: Personal Investments
Topic: Need advice on advising
Replies: 6
Views: 1885

Does she have provision for health insurance during retirement? If she needs to buy her own, it is an additional budget item. Medicare does not cover everything she may wish to have covered. Does she have LTC insurance? Does she feel she needs it? If she has heirs, a long stay in a nursing home can ...
by sport
Tue Feb 19, 2008 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your taxes and how much do you pay?
Replies: 73
Views: 19775

I do my taxes with a pencil. The only cost is the postage I use to mail it in. Doing it myself, directly, gives me a better "feel" and "understanding" of the tax rules.

Jeff
by sport
Tue Feb 19, 2008 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use an escrow account for your mortgage?
Replies: 68
Views: 18660

Cosmo,
It will work to your advantage if you are able to get your deductions below your standard deduction in the off years. As a side benefit, in the years when you don't itemize, tax preparation is easier.

Jeff
by sport
Tue Feb 19, 2008 6:22 pm
Forum: Investing - Theory, News & General
Topic: capital gains distributions and index funds
Replies: 23
Views: 3548

When the holdings of the fund pay out dividend, those dividends are added to the NAV of the fund shares. If all else is equal (and it never is) the value of the shares will gradually increase as the dividends are accumulated. When the dividends are distributed, the NAV will drop an amount equal to t...
by sport
Tue Feb 19, 2008 4:16 pm
Forum: Investing - Theory, News & General
Topic: capital gains distributions and index funds
Replies: 23
Views: 3548

Welcome to the forum. When funds realize gains, they must be distributed. Index funds have the same gains, but tend not to realize the gains by selling holdings. You get the same gains whether they are realized or not. The only difference is that realized gains are taxable, and unrealize gains are t...
by sport
Tue Feb 19, 2008 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use an escrow account for your mortgage?
Replies: 68
Views: 18660

Yeah, but how do you know what the 2009 tax bill will exactly be? Mine does assessments for 5 years so its the same for that period. Every locality is different so it depends. I have no idea about yours. You could always call the assessor's office in December for an estimate. ------------ And hopef...
by sport
Tue Feb 19, 2008 2:59 pm
Forum: Personal Investments
Topic: Expense Ratio's
Replies: 11
Views: 2552

Re: Expense Ratio's

Are expense ratios a yearly expense or just a one time expense you get when you buy or sell a fund. Yearly. Which is why lower is better. An extra 1% a year ER will conversatively add up to that much more in gross extra returns per year of accumulation. After 30 years you will have 30% more money i...
by sport
Tue Feb 19, 2008 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use an escrow account for your mortgage?
Replies: 68
Views: 18660

Yeah, but how do you know what the 2009 tax bill will exactly be? The bill I get in December is for the first half of the year, and it can be paid in December or January. The second half amount will always be the same as the first half. My county even has an option on the bill for "full year p...
by sport
Tue Feb 19, 2008 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use an escrow account for your mortgage?
Replies: 68
Views: 18660

How do you pay for two years? My county wants me to pay in may and sept of each year. So, how will i be able to pay for 2 years? I get a tax bill in December for the first half of the year, it is due in January. I get a tax bill in June for the second half of the year, it is due in July. In 2008, I...
by sport
Mon Feb 18, 2008 11:28 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds from 1999
Replies: 19
Views: 3618

Is it actually illegal to trade I-bonds? Let's say Mel has a business opportunity and needs to liquidate his I-bonds to invest. Can I offer to pay him 10% above their redemption value if he'll hold them in name only, and redeem them only at my request? Since I-bonds are not transferrable, wouldn't ...
by sport
Mon Feb 18, 2008 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use an escrow account for your mortgage?
Replies: 68
Views: 18660

I had a mortgage for 20 years without an escrow account. By paying the taxes myself, I was able to group the payments into alternate years, and itemize deductions in those years. I used the standard deduction in the off years. By doing this, I must have saved literally thousands of $$$ in income tax...
by sport
Mon Feb 18, 2008 5:45 pm
Forum: Personal Investments
Topic: Question about I Bond 10K Limit and SmartExchange
Replies: 4
Views: 1479

Re: Question about I Bond 10K Limit and SmartExchange

vb wrote:Hi All,

but I don't like the idea of having paper bonds which may get lost or stolen.
Thanks.
If paper savings bonds are lost, stolen, destroyed, etc., replacements are provided by the Treasury Dept.

Best wishes,
Jeff
by sport
Mon Feb 18, 2008 5:29 pm
Forum: Investing - Theory, News & General
Topic: Money Market Accout v. Money Market Mutual Fund
Replies: 8
Views: 2163

tomser wrote:chicagobear

Is money market account FDIC insured $100.000 in case bank goes broke

tom
Yes, unless it is in an IRA. Then it is insured for $250,000.
by sport
Sat Feb 16, 2008 9:24 pm
Forum: Investing - Theory, News & General
Topic: Money Market Accout v. Money Market Mutual Fund
Replies: 8
Views: 2163

Re: Money Market Accout v. Money Market Mutual Fund

I'm trying to wrap my head around the differences in how the two types of accounts operate. Money Market Account ("MMA"): Funds are deposited and withdrawn throughout the year and any interest earned is reported on a 1099-INT for the IRS. This account has not expenses. ER = 0%. Money Mark...
by sport
Fri Feb 15, 2008 2:31 pm
Forum: Investing - Theory, News & General
Topic: Differences in Taxable MMFs?
Replies: 3
Views: 1012

Vanguards taxable money market funds have three basic differences: Safety, exposure to state and local income taxes, and yield. First, safty: The Prime mm fund is very very safe. There should be no worry about this fund. The Federal mm funs is even safer, and the Treasury and Treasury Admiral mm fun...
by sport
Thu Feb 14, 2008 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: List of Expenses as a *new* Home Owner (and more)
Replies: 5
Views: 2270

Boris wrote:
By the way, as of 2-hours ago, she's officially my fiance :D.

Boris
Boris,

Congratulations on your engagement!

Best wishes,
Jeff
by sport
Sat Feb 09, 2008 8:48 pm
Forum: Personal Investments
Topic: Roth house payoff option
Replies: 5
Views: 1323

Grey Won,
Welcome to the forum. Have you investigated refinancing your mortgage? You might be able to exchange that 7% loan for a 5% loan. That might allow you pay off the mortgage and fund the Roth at the same time.

Best wishes,
Jeff
by sport
Fri Feb 08, 2008 11:38 pm
Forum: Investing - Theory, News & General
Topic: How much int'l? VG Portfolio Watch has The Answer!
Replies: 22
Views: 4836

Be careful when using Portfolio Watch to evaluate your foreign/domestic percentages. PW uses 100% primary descriptions for most funds. So, if a fund like Health Care has 15 or 20% foreign, PW calculates it as 100% domestic, regardless of the actual holdings. If a portfolio includes active funds, the...
by sport
Thu Feb 07, 2008 8:32 pm
Forum: Personal Investments
Topic: Can I link Vanguard acct to my checking acct?
Replies: 14
Views: 3323

Check writing is also available for the Federal and Treasury MM funds and probably others as well. Select the fund that best meets your needs, including tax considerations.

Best wishes,
Jeff
by sport
Thu Feb 07, 2008 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Low usage long distance service
Replies: 12
Views: 2591

Pioneer Telephone is 2.7 cents per minute, 24/7. There are no up-front or minimum charges. If you arrange for the bill to be put on a credit card, there are no additional charges. You pay only for what you use, after you use it.
by sport
Wed Feb 06, 2008 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Commercializing an Invention
Replies: 1
Views: 746

Gatorman, One source for such information might be the patent attorney your client used to obtain his patent. He/she might have some suggestions on how to find an interested company. However, your client should proceed with great caution. If a large company decides to take his idea and just use it w...
by sport
Tue Feb 05, 2008 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: OT: Whats the oldest thing you own?
Replies: 57
Views: 11578

I have a book that was published in 1707.