Search found 1820 matches

by Uncle Pennybags
Sun Sep 10, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

Changing your SSN seems like a high-risk. Consider all the places it may be used, from marriage certificates, tax records and University transcripts to medical and financial records. There was a time when my SS card said "not to be used for identification". Greed and ignorance changed tha...
by Uncle Pennybags
Sun Sep 10, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

in_reality wrote: Sat Sep 09, 2017 9:52 pm Why a focus on ETFs? If a mutual fund with those same assets gets sold at 4pm, is it really going to be all that different?
Yes.
by Uncle Pennybags
Sat Sep 09, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

Yes but most people reading on Bogleheads about ETFs are Boglehead investors. I read the article, it appears to have nothing to do with how I or the vast majority of Bogleheads invest with ETFs. Seems like FUD to criticize vanilla index ETFs for a 3x gold miner's problems. Will the regulators pant ...
by Uncle Pennybags
Sat Sep 09, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

How many put in real information to "security" questions; place of birth, mother's maiden name? That's a hackers goldmine. I'm never putting real information down again. Those people make life easy for themselves but hard for us. My first SS card said not to be used for identification, goo...
by Uncle Pennybags
Sat Sep 09, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 38
Views: 8778

Re: "Fear of Finance?" AARP interview with Jack Bogle

Mr. Bogle is getting feisty; I like it. "What are you buying in non-US-stocks?" said Mr. Bogle. "The largest country in EAFE is Britain; the second-highest, Japan; and the third is that soul of hard work, France. I can't see that I'd make more money in Britain, with Brexit; or Japan,...
by Uncle Pennybags
Sat Sep 09, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

2) Why should Bogleheads care too much about times of market stress? We buy, hold, and rebalance. Most ETF investors are not Boglehead investors. An S&P 500 ETF would not be a problem. The ones that hold a sector, like gold mining, and leverage 3 to 1 are. “No normal listed security trades more...
by Uncle Pennybags
Sat Sep 09, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 38
Views: 8778

Re: "Fear of Finance?" AARP interview with Jack Bogle

CABob wrote: Sat Sep 09, 2017 7:36 pm
Ah.. the old double cover trick :happy And what was on page 54?
I could only find the cover. AARP doesn't share the inside.
by Uncle Pennybags
Sat Sep 09, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

I don't know what sort of downturn the post is discussing. Something worse than 2008? Because ETFs were certainly around then. The point is not concerned with the severity of a downturn but with the mechanism. Just because the 2008 downturn was severe and did not involve ETFs doesn't mean that ETFs...
by Uncle Pennybags
Sat Sep 09, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 38
Views: 8778

Re: "Fear of Finance?" AARP interview with Jack Bogle

Mr. Bogle's interviews have stayed the same for a few years. His big change was saying up to 20% foreign is OK, it used to be none. I found the cover for September AARP magazine but not the article. It is the August/September 2017 issue with Jessica Lange on the cover. I just received my copy today...
by Uncle Pennybags
Sat Sep 09, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Home insurance Providers - Which is Better?
Replies: 2
Views: 480

Re: Home insurance Providers - Which is Better?

Shop around. I used to change auto and home insurers every three years. It is standard business practice to give new customers low rates at first. If you qualify for USAA check them. I no longer have to switch as my premiums have stayed the same. Do they include the land in the value? All mine did a...
by Uncle Pennybags
Sat Sep 09, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 38
Views: 8778

Re: "Fear of Finance?" AARP interview with Jack Bogle

I posted about this a month ago but Taylor added many more quotes from the article. Mods can feel free to merge the threads. Wish there was a link to the article online. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=225334 Mr. Bogle's interviews have stayed the same for a few years. His...
by Uncle Pennybags
Sat Sep 09, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 23027

Re: Bitcoin in 3-fund indexed portfolio?

Can someone clarify? Is this a well-established reason that we normally don't buy foreign currency because we need to spend in dollars? The US dollar is the de facto world currency. Commodities are priced in US dollars. The only reason to hold foreign currency is if the home money is failing. Fact ...
by Uncle Pennybags
Sat Sep 09, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

Innovis, and ChexSystems I never heard of them. They are not listed for a free credit report. Having been told that my account may have been impacted, I also sought to avail myself of their free year of monitoring and was told I'd be able to sign up on 9/12. This morning, I received an email from E...
by Uncle Pennybags
Sat Sep 09, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 505
Views: 71817

Re: Name something you had to have and now you regret purchasing it?

JoeJohnson wrote: Sat Sep 09, 2017 8:42 am Young and naive seems to be a repeating theme.
Young, dumb and full of ...
by Uncle Pennybags
Sat Sep 09, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax says info stolen. What's my best course of action?

These credit freezes won't stop the most harmful effects. You could have a warrant issued for your arrest if these thieves give your information to LE when they get arrested. You wouldn't even know until it's too late. No bank will help you then. I can report anecdotally that they simply assigned me...
by Uncle Pennybags
Fri Sep 08, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

bi0hazard wrote: Fri Sep 08, 2017 11:30 pm Excuse my ignorance. What does freezing credit accomplish in this scenario?
It stop anyone from opening new credit.
by Uncle Pennybags
Fri Sep 08, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

I just reread the "may" be impacted on Equifax's site. That means I'm screwed, may means I was. This is just Equifax blowing smoke. When my DW's attempt to create online SS account failed, they locked her out of any further attempts and said she would have to go to SS office in person to a...
by Uncle Pennybags
Fri Sep 08, 2017 9:22 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 38
Views: 8778

Re: "Fear of Finance?" AARP interview with Jack Bogle

Mr. Bogle is getting feisty; I like it. "What are you buying in non-US-stocks?" said Mr. Bogle. "The largest country in EAFE is Britain; the second-highest, Japan; and the third is that soul of hard work, France. I can't see that I'd make more money in Britain, with Brexit; or Japan, ...
by Uncle Pennybags
Fri Sep 08, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

I used this link https://www.equifaxsecurity2017.com/ new today. To get instant feedback on impact, hit the "potential impact" button. Says that equifax believes I was not impacted. That is the same link I used this morning. I got the same thing. "Based on the information provided, w...
by Uncle Pennybags
Fri Sep 08, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

After entering my information, it brought up a window telling me that I could enroll in the service they're offering on such-and-such a date. There was no explicit statement of whether my information had been impacted or not. They did tell me clearly that I was impacted. Maybe that means you're not...
by Uncle Pennybags
Fri Sep 08, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 23027

Re: Bitcoin in 3-fund indexed portfolio?

Amazon has a good price on the kindle version - https://www.amazon.com/Financial-Market-History-Reflections-Investors-ebook/dp/B06WVBHK72/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1504915893&sr=8-1 Free is a very good price. I got mine after I read this. Here are some of our top scholars shar...
by Uncle Pennybags
Fri Sep 08, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

flamesabers wrote: Fri Sep 08, 2017 4:56 pm
If I can't setup the account, hackers probably won't be able to either I would suspect. :?
They would call SS for help. They are that good.
by Uncle Pennybags
Fri Sep 08, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

These criminals are smart and can use this data in ways that are not yet known. This information does not change and can be used decades form now.
by Uncle Pennybags
Fri Sep 08, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

How many people in the US have credit record? Subtract those under 18 and those under the radar I would guess 143 million. The same number that was hacked. The entire country was hacked and nobody goes to jail.
by Uncle Pennybags
Fri Sep 08, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

triceratop wrote: Fri Sep 08, 2017 3:01 pm
Your facts are simply way off.
Is an ETFs price set by a broker using bid and ask? Yes. Is an Admiral share's price set by the securities it holds at the close of trading? Yes. Those are the facts and they are spot on.

Do you hold a Vanguard ETF and Admiral shares in the same fund?
by Uncle Pennybags
Fri Sep 08, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

VNQ, YTD 4.56%,VGSLX, YTD 4.63%. Two share classes of the same fund with the same expense ratio. They have different YTD value because ETFs value is not totally based on the underlying stock like the Admiral shares are. Source? You may be confusing YTD Price with YTD NAV return. ETF are traded duri...
by Uncle Pennybags
Fri Sep 08, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

VNQ, YTD 4.56%,VGSLX, YTD 4.63%. Two share classes of the same fund with the same expense ratio. They have different YTD value because ETF's value is not totally based on the underlying stock like the Admiral shares are. So far, so good with indexing. If it looks like indexing is starting to distort...
by Uncle Pennybags
Fri Sep 08, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 78162

Re: Equifax customer information leak

They got me, I've been hacked and nobody goes to jail.
by Uncle Pennybags
Fri Sep 08, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 505
Views: 71817

Re: Name something you had to have and now you regret purchasing it?

smitcat wrote: Fri Sep 08, 2017 9:14 am Name something you had to have and now you regret purchasing it? - A financial advisor was our largest purchase mistake.
Edward Jones?
by Uncle Pennybags
Fri Sep 08, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 23027

Re: Bitcoin in 3-fund indexed portfolio?

A hard fork does not necessarily mean that one side continues and one becomes worthless. I try to keep it simple and not get bogged down with charts and algorithms. This "hard fork" shows there is control by persons unknown. 99.9% of "coin" "investors" don't understand...
by Uncle Pennybags
Fri Sep 08, 2017 3:51 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 23027

Re: Bitcoin in 3-fund indexed portfolio?

But if it's not part of the market, then why is it not possible to beat the market... For everyone who beats the market beats someone. If you buy a "coin" someone had to sell the "coin". Why hold only one "coin" when they are so many? When the "shoe shine boy"...
by Uncle Pennybags
Fri Sep 08, 2017 3:42 am
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

Regardless, the mutual fund versions at Vanguard are "derivatives" in the same manner, that is share classes of an underlying fund. And non-Vanguard ones have no association with another fund at all. They are their own funds. You must have missed it the last two times I posted it. I'll po...
by Uncle Pennybags
Thu Sep 07, 2017 8:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 23027

Re: Bitcoin in 3-fund indexed portfolio?

To follow up on the "buy the haystack" analogy, which I find useful, would Bitcoin be part of the haystack? What about Gold? Or does the total stock + US bond cover everything? Total stock has gold mines that go up and down with gold. Why would the haystack only hold one "coin" ...
by Uncle Pennybags
Thu Sep 07, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

The mutual fund is the securities it holds. ETFs are derivatives of a mutual fund. I don't like ETFs but use them at times. If "derivatives" get more regulated I hope the regular fund doesn't get lumped in as regular funds don't day trade. Day trading is the root of all sorts of evil. Tha...
by Uncle Pennybags
Thu Sep 07, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 23027

Re: Bitcoin in 3-fund indexed portfolio?

One can invest one's mad money any way one wants.
by Uncle Pennybags
Thu Sep 07, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 11161

Re: Do retiree BHs actually run down their portfolios?

As just a quick example, if you retired with 1 mil in 2000, and you have 1 mil today, you've actually run your portfolio down about 30%, since it has an inflation adjusted (to year 2000) value of $704,225 in 2017 dollars. My pension doesn't have a cost of living adjustment and inflation is defiantl...
by Uncle Pennybags
Thu Sep 07, 2017 2:28 pm
Forum: Personal Investments
Topic: Could Coinbase suffer the same fate as BTC-e?
Replies: 10
Views: 1515

Re: Could Coinbase suffer the same fate as BTC-e?

3) Unlike all those other sketchy cryptocurrencies, Ethereum is respectable and supported by big business, and is therefore safe and sound. I never heard of them until now. Why can't PayPal do what they are doing? Too early to pick a winner. The value of a "coin" is the work put in to &qu...
by Uncle Pennybags
Thu Sep 07, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

What language would you use? The systemic risk come from mutual funds, instruments that must be liquid even if the underlying securities are temporarily frozen. The mutual fund is the securities it holds. ETFs are derivatives of a mutual fund. I don't like ETFs but use them at times. If "deriv...
by Uncle Pennybags
Thu Sep 07, 2017 12:33 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 11161

Re: Do retiree BHs actually run down their portfolios?

When you are confident you have enough, consider giving the "legacy for our kids" while you are alive. I don't have to touch my investments for day to day living; SS and a pension take care of that. I have enough to keep investing so I am funding ROTH IRAs for my children. They know it is...
by Uncle Pennybags
Thu Sep 07, 2017 12:03 am
Forum: Personal Investments
Topic: Could Coinbase suffer the same fate as BTC-e?
Replies: 10
Views: 1515

Re: Could Coinbase suffer the same fate as BTC-e?

Block-chain reconciling will last whether a "coin" will last who knows. I did some research and this no control decentralized scheme is anything but. With one the cabal voted to do a "hard fork" and took back money transacted. Not all servers went along so now there are two chain...
by Uncle Pennybags
Wed Sep 06, 2017 11:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21224
Views: 2880090

Re: U.S. stocks in freefall

Generally true but "effect" can also be a verb in some contexts, such as in this example: Fore some reason this has been bugging me for months and is impacting me. Or would that be effecting me? I just think that you are affected . Somebody was goofing off big time in seventh grade Englis...
by Uncle Pennybags
Wed Sep 06, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Do ETF's present a systemic risk?
Replies: 71
Views: 7612

Re: Do ETF's present a systemic risk?

My stock picker friends use "ETF" as a shorthand to mean "index fund." It seems to me that active traders don't really think about traditional mutual funds much. Vanguard's ETFs are just another share class of the traditional mutual fund, they hold a patent, no one else can do t...
by Uncle Pennybags
Wed Sep 06, 2017 5:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21224
Views: 2880090

Re: U.S. stocks in freefall

Nicolas wrote: Wed Sep 06, 2017 12:25 pmGenerally true but "effect" can also be a verb in some contexts, such as in this example:
Fore some reason this has been bugging me for months and is impacting me. Or would that be effecting me?
by Uncle Pennybags
Wed Sep 06, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 5808

Re: How do you track expenses ?

froman118 wrote: Wed Sep 06, 2017 11:17 am We tend to use credit cards in place of cash whenever possible just to make transactions easier to track.
One of my favorite things is standing in a long line wile someone swipes there card ten times trying to get it to take.
by Uncle Pennybags
Wed Sep 06, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 505
Views: 71817

Re: Name something you had to have and now you regret purchasing it?

SimonJester wrote: Wed Sep 06, 2017 8:41 am Are you going to get the Antarctic Blue Super Sportswagon with a C.B. radio and The Optional Rally Fun-Pack?
The car I blew ten grand on back in 79 had a CB. Breaker, breaker good buddy, there is a bear in the air. Truckers would force me off the road. :(
by Uncle Pennybags
Wed Sep 06, 2017 11:24 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor
Replies: 22
Views: 2939

Re: Vanguard Personal Advisor

Animal Lover wrote: Wed Sep 06, 2017 8:57 am My point is, to the person who started this post, my advisor has $50k of my portfolio in the Vanguard 500 Index Fund.
"Personal" advisors lurk here for free advice. Word up. There is no doubt I could be a personal advisor if I bought a suit and learned to smile. :mrgreen:
by Uncle Pennybags
Wed Sep 06, 2017 11:12 am
Forum: Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 6414

Re: Bought crypto currency

The fact that Beanie Babies and tulip bulbs keep getting brought up in these threads demonstrates just how dismissive and uninformed people are and remain about blockchain and cryptographic assets. What's your angle? If I had a good thing going I would keep it quiet and not share it with total stra...
by Uncle Pennybags
Wed Sep 06, 2017 10:41 am
Forum: Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 6414

Re: Bought crypto currency

Remember there are no coins despite the pictures. Crypto coins are all the talk, time to sell. I would also have to question calling them currency since there are very few legitimate places where you can actually spend them. That's because you are not a terrorist or or drug dealer. Those people are...
by Uncle Pennybags
Wed Sep 06, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 5808

Re: How do you track expenses ?

baliktad wrote: Tue Sep 05, 2017 11:34 pm The power of Money is in having your entire financial life aggregated in one place.
I switched to Quicken in the 90s. I didn't want to be held hostage by M$. :oops:
by Uncle Pennybags
Wed Sep 06, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21224
Views: 2880090

Re: U.S. stocks in freefall

flyingaway wrote: Wed Sep 06, 2017 8:51 am It looks like every pullback has been (will be) bought up.
It's those buy the dip types.
Uncle Pennybags wrote: Tue Sep 05, 2017 10:47 am Bought the dip, VTI at $126.575.