Search found 2287 matches

by matt
Wed May 18, 2011 7:55 am
Forum: Investing - Theory, News & General
Topic: NYTimes: The Dave Ramsey 12% solution
Replies: 86
Views: 14168

willing to say pretty much anything to increase his revenue. I am sorry, but that is an extreme statement with no factual basis. It's one thing to disagree with his advice, but this is going overboard. Bogle has benefited from his crusade for low fees by increasing business for his mutual funds. Do...
by matt
Tue May 17, 2011 5:56 pm
Forum: Investing - Theory, News & General
Topic: NYTimes: The Dave Ramsey 12% solution
Replies: 86
Views: 14168

We are NOT accepting credit cards! Never have and never will. I mean, come on, do you listen to the radio show at all? Have you ever heard of a plasectomy? Please understand that accepting credit cards is something that will NEVER happen as long as Dave is still alive (and even forever after that!)...
by matt
Tue May 17, 2011 2:26 pm
Forum: Investing - Theory, News & General
Topic: Bond fund Mgr Jeff Gundlach:"I have a gift"
Replies: 38
Views: 4706

What makes this remarkable? Are there not gifted people? Or are we all equal?
by matt
Tue May 17, 2011 1:46 pm
Forum: Investing - Theory, News & General
Topic: Fee for Financial Planner
Replies: 19
Views: 2084

All, sorry if I was not clear about the fees collected by the planner from the mutual fund companies. He gets a kickback from a mutual fund he purchases for the portfolio. He claims that the compensation to him is independed on the fund that he chooses. I suspect that his pool of available funds ar...
by matt
Tue May 17, 2011 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: TRP 2020, A Blind Monkey With A Stick!
Replies: 12
Views: 1556

If this is a dollar-weighted return, then it could make sense if new money was added throughout the year. Neither fund managers nor blind monkeys (with or without sticks) can control when you put money into the fund.
by matt
Mon May 16, 2011 1:30 pm
Forum: Investing - Theory, News & General
Topic: REITS are an investment in Land
Replies: 42
Views: 6314

The original post has more than a few poor assumptions and conclusions, so I'll tackle a few of the mistaken ideas. They seem to stem mostly from a misunderstanding of capital structure and corporate structure. ...they are in fact so different from stocks they need a separate law... This is false. A...
by matt
Mon May 16, 2011 11:45 am
Forum: Personal Consumer Issues
Topic: My attic noise was a low frequency short!
Replies: 92
Views: 16601

Given the massive amount of information released on this topic, this poll should be a good test of the efficient market. The collective Boglehead wisdom will certainly know the right answer by a wide majority, even if individuals aren't sure, right?
by matt
Mon May 16, 2011 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Pro Bballer needs to know: Is this a terrible idea?
Replies: 30
Views: 4435

I think it could be fairly argued that pro athletes add nothing to society, Would you say the same about film directors, songwriters, authors of works of fiction? Actors, singers? If any of those people make a post like the OP and I want to turn the table and point out that we have been swindled by...
by matt
Mon May 16, 2011 9:51 am
Forum: Investing - Theory, News & General
Topic: Fidelity Chart Illustrates Walls of Worries
Replies: 20
Views: 3312

stratton wrote:
Hondo wrote:Having a senior moment here -- what was "SARS Outbreak" in 2003?
Bird Flu.

Paul
SARS and Bird Flu are not the same thing.
by matt
Mon May 16, 2011 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Pro Bballer needs to know: Is this a terrible idea?
Replies: 30
Views: 4435

bobbydigital, I think it could be fairly argued that pro athletes add nothing to society, so it should be well within reason that all of us get to steal YOUR money since you are grossly overpaid for playing games. We have all been robbed by your kind, so it's only fair that we should take it out on ...
by matt
Fri May 13, 2011 11:15 am
Forum: Investing - Theory, News & General
Topic: Silver
Replies: 78
Views: 10645

Last week's bull trap ran out? (No idea) http://www.themarketoracle.biz/images/2009/Mar/Money-Week_clip_image001.jpg Silver sure looks like a textbook example, doesn't it? No one was talking about silver a year ago (stealth). After a 50+% move from August into December, it started getting noticed (...
by matt
Thu May 12, 2011 9:01 pm
Forum: Investing - Theory, News & General
Topic: Grantham’s latest – on the global bubble and diversifica
Replies: 32
Views: 5632

April 24, 2007: On the contrary to the wall of worry, the primary worry among many who got defensive during the bear market is that they won't have enough dips to buy into now that this bull market is the new reality. I think we'll probably see a little more rallying, followed by bloodshed across t...
by matt
Thu May 12, 2011 4:13 pm
Forum: Investing - Theory, News & General
Topic: Lowest expense ratio record
Replies: 32
Views: 4026

Bridgeway Aggressive Investors 1 (BRAGX) currently has an expense ratio of -0.58%. You mean they pay you instead of you pay them? Right now, yes. The fund has a performance-based expense ratio. Since it underperformed it's benchmark significantly, it is giving fees back to investors. Hmmm... intere...
by matt
Thu May 12, 2011 2:21 pm
Forum: Investing - Theory, News & General
Topic: Lowest expense ratio record
Replies: 32
Views: 4026

fundtalker123 wrote:
matt wrote:Bridgeway Aggressive Investors 1 (BRAGX) currently has an expense ratio of -0.58%.
You mean they pay you instead of you pay them?
Right now, yes. The fund has a performance-based expense ratio. Since it underperformed it's benchmark significantly, it is giving fees back to investors.
by matt
Thu May 12, 2011 2:03 pm
Forum: Investing - Theory, News & General
Topic: Anyone ever buy 1 share?
Replies: 42
Views: 5466

Re: Anyone ever buy 1 share?

Jay69 wrote:One share of Cisco would be less than .0002% of the portfolio
If you have an $8.5 million portfolio, you probably don't need to ask anyone's opinion of what to do with $17 of it.
by matt
Wed May 11, 2011 4:19 pm
Forum: Investing - Theory, News & General
Topic: My monthly TIPS update for those interested
Replies: 28
Views: 3681

Still, I was curious about Atteberry’s track record. According to Morningstar, FPNIX carries a two-star rating and has underperformed its benchmark by 1.22 percent per year for the past 10 years. Which raises the question of why anyone would care what Atteberry thinks about TIPS. FPNIX is not an in...
by matt
Wed May 11, 2011 10:40 am
Forum: Investing - Theory, News & General
Topic: Lowest expense ratio record
Replies: 32
Views: 4026

Bridgeway Aggressive Investors 1 (BRAGX) currently has an expense ratio of -0.58%.
by matt
Thu May 05, 2011 6:32 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

Well, we could certainly make a game of thread titles that would actually merit a gloat thread. :D How about, "Only 3 more months for commodities; switch to Treasurys on 5/1" I have never claimed to use any form of calendar timing method. Where are you coming up these false claims? What really amaz...
by matt
Thu May 05, 2011 6:14 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

Strangely, it doesn't automatically involve buying Treasurys , so if that's what Matt wanted to highlight with his, "The Credit Bubble's Back, Start Taking Profits" thread, perhaps he should have gone with, "The Credit Bubble's Back, Trade Everything You Own For a Particular Credit Instrument" :D I...
by matt
Thu May 05, 2011 5:46 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman: no mutual funds in 10 years
Replies: 39
Views: 6790

It really is an odd comment from an advisor who promotes buy & hold index investing. Given his firm has historically used mutual funds, why switch to ETFs? If the benefit is lower fees, wouldn't the mutual fund companies just lower their fee to match ETFs? It's the new financial advisor meme. "Mutu...
by matt
Thu May 05, 2011 5:00 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

Yeah! 10% down on a barrel oil. That is good for all of us. Not necessarily. I'm not sure if Random Poster is thinking the same as me, but I agree: Not necessarily. When was the last time the DJ-UBS commodity index fell over 5% in one day? Well, it happened a handful of times in 2008 during a -56% ...
by matt
Thu May 05, 2011 4:50 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

Random Musings wrote:So, are you still 95% hi-yield bonds and 5% cash?

RM
Pretty much. I sold a little bit of this and bought a little bit of that, though.
by matt
Thu May 05, 2011 4:46 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

This forum is about the virtues of being well-diversified in low-cost funds and staying the course in a tolerable-risk asset allocation. It's not about who made what call in the last couple months and what that call looks like on a particular day or week or whatever. In 10 years it doesn't matter w...
by matt
Thu May 05, 2011 4:42 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

???? On February 9th, matt warns of a credit bubble and says "I think this is a good time for investors to take some profits from equities, particularly global small caps, Emerging Markets, and REITs... re-allocate to some U.S. Treasury debt." $10,000 invested in Vanguard Total Stock Market Index w...
by matt
Thu May 05, 2011 4:36 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

No one was forced to read Sudhi's posts. No one was forced to read Hocus's posts. I didn't support them at the time, but what's interesting is that in both cases, you probably would have been better off listening to them than following whatever investing strategy you had. So who is really in the wr...
by matt
Thu May 05, 2011 4:19 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

Hmm... looks like stocks are down about 1.5% since April 27. I generally enjoy your posts, but does this really warrant a victory lap? A butterfly can flap its wings in Madagascar and cause stocks to move 1.5%. Looks like gold is down 3.5% over that time. That's something? I guess? You're globally ...
by matt
Thu May 05, 2011 3:07 pm
Forum: Investing - Theory, News & General
Topic: Commodities crumble. Stocks fall four days in a row.
Replies: 75
Views: 8133

Commodities crumble. Stocks fall four days in a row.

If only there had been some sort of warning!

I would give anything - anything at all - to be able to go back in time so we could have seen this coming!

http://www.bogleheads.org/forum/viewtop ... t=#1034116
by matt
Thu May 05, 2011 9:49 am
Forum: Investing - Theory, News & General
Topic: Silver down 7.4% today; Carlos Slim selling futures?
Replies: 6
Views: 1879

Silver is down 23% this week, so it's already in a bear market. It's a really fund sideshow to watch right now.
by matt
Thu May 05, 2011 9:13 am
Forum: Investing - Theory, News & General
Topic: More from Bill Gross
Replies: 50
Views: 7377

IMHO Bill Gross has a very unsophisticated view of the bond markets, and this view attracts a lot of headlines and thus sales for his overpriced bond funds. You're only fooling yourself here. Do not confuse his commentary for public consumption, which is indeed very self-serving, with his understan...
by matt
Thu May 05, 2011 9:04 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman: no mutual funds in 10 years
Replies: 39
Views: 6790

This topic was discussed a year ago. I'll stick with my response for this year, too. http://www.bogleheads.org/forum/viewtop ... ht=#737559
Opponent Process wrote:yes IMO mutual funds will disappear over the next 5-10 years.
matt wrote:Wanna bet?
by matt
Wed May 04, 2011 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How I made Millions in Real Estate ...and you can too!
Replies: 63
Views: 7875

Avalpert/Matt would you please STOP trolling my posts! I will report you to the moderators. Anyone can go back and look at my posts that have included Neighbothoodscout.com and shown how THEY report appreciation. Why do you want to KEEP attributing their process to me? If you look at this thread I ...
by matt
Wed May 04, 2011 11:04 am
Forum: Personal Consumer Issues
Topic: Cheeseburgers Vs. Hamburgers
Replies: 77
Views: 7280

Cheeseburger, hold the cheese. (I have actually ordered this before because there was a sale/coupon on cheeseburgers but not hamburgers. I don't like cheese very much.)
by matt
Wed May 04, 2011 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How I made Millions in Real Estate ...and you can too!
Replies: 63
Views: 7875

This thread turned into a debate about appreciation? Shocking. How can it not? Honobob is claiming to be the Peter Lynch of real estate. He says anyone can earn huge returns in rental real estate with little effort. The little effort part may or may not be true, but when you find out that the huge ...
by matt
Wed May 04, 2011 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How I made Millions in Real Estate ...and you can too!
Replies: 63
Views: 7875

Look at the Case-Shiller Index for SF and tell me where you see 11% appreciation. The index is at the same level now it was in 2002... That just means he had 20+% appreciation up until 2002! Didn't everyone? In all seriousness, it was very well established in Honobob's previous discussions that he ...
by matt
Wed May 04, 2011 9:30 am
Forum: Investing - Theory, News & General
Topic: Someone has to ask it: any predictions on gold/silver?
Replies: 23
Views: 2347

Silver will be back under $25 by the end of 2012. It might hit $75 before that, though.
by matt
Wed May 04, 2011 9:22 am
Forum: Investing - Theory, News & General
Topic: Fees should amount to less than 5 percent of your assets....
Replies: 13
Views: 2147

Wow. What a helpful article. I'm sure a few people were wondering whether their 4% fees were a bad deal, but not they can feel better knowing that anything under 5% is okay.
by matt
Wed May 04, 2011 8:52 am
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 659
Views: 151706

Bongleur wrote:Which brings up the question of how they know what your purchase price was? Are coin dealers required to report to the IRS that they sold you a coin & for what price?
You are expected to be honest.
by matt
Tue May 03, 2011 4:58 pm
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 659
Views: 151706

How do you go about selling $100,000 or so worth of coins? Some would recommend holding a portion of your gold in one of the ETFs to simplify rebalancing. Does such a transaction with a coin dealer require the dealer to notify the IRS when he pays out a large $$ amount? Yes. I know coins are not su...
by matt
Tue May 03, 2011 11:55 am
Forum: Personal Consumer Issues
Topic: Any styles of music have no redeeming qualities?
Replies: 66
Views: 6097

My brother used to listen to some really heavy metal: death metal, doom metal, black metal, I don't remember all the names. Some of it sounded like you were standing next to a running jet engine while some guy used a jackhammer on concrete nearby and someone else was screaming at you in an indeciphe...
by matt
Tue May 03, 2011 8:08 am
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 659
Views: 151706

How many young people in the mid to late 90's,could sit on there hands and accept 1% and 2% gains for 4 or 5 years,while stocks are posting 20% gains... First off, you are seriously understating the PP performance in the late 90's. From 1995-99, it returned about 9% per year, not far from the histo...
by matt
Mon May 02, 2011 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Offers are back !
Replies: 32
Views: 5682

Re: Credit Card Offers are back !

The 3% BT fee in unfortunate, especially given it's not capped at $50 or $100 like they used to be. Still, there are plenty of FDIC insured accounts paying more than 1.5% if you're willing to look hard and do a little extra work. "Rewards Checking Accounts" My preference in these matters is to only...
by matt
Mon May 02, 2011 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Offers are back !
Replies: 32
Views: 5682

Re: Credit Card Offers are back !

At a cost of approximately 1.5% per year, you can't even earn a risk-free spread. No less than 2.3% on I-Bonds for the first year. Well it's only risk-free in that first year; after that the guaranteed return is 0%. But even if you get the same yield in year two and then redeem it, you lose the las...
by matt
Mon May 02, 2011 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: [POLL] what are your monthly non-mortgage expenses?
Replies: 42
Views: 6435

Not sure how much, but I spend less than I earn. What more do I need to know?
by matt
Mon May 02, 2011 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Offers are back !
Replies: 32
Views: 5682

Re: Credit Card Offers are back !

For those of you looking to play the credit card game, its time to start looking at the mail ! I just opened up a new Citi Diamoned Perfered card and used its 0% balance transfer for the next 23 months !!!! You paid a 3% balance transfer fee, so it's not a 0% loan. At a cost of approximately 1.5% p...
by matt
Mon May 02, 2011 8:08 am
Forum: Investing - Theory, News & General
Topic: Berkshire/Sokol
Replies: 55
Views: 7993

I don't know the intricacies of insider trading law, but my sense of this is that Sokol's actions were very unethical but probably legal because he did disclose his position to Buffett, although he did so with as little detail as possible. I don't understand insider trading either. If this isn't in...
by matt
Sun May 01, 2011 7:43 pm
Forum: Investing - Theory, News & General
Topic: Social security tax chicken & egg problem
Replies: 49
Views: 5743

Forget about equations and just model it in a good tax software program. It will be much easier and take less time. The problem in trying to model it yourself is that you have to factor in all of the possible changes to deductions and credits as AGI changes. Guess what? The tax software already does...
by matt
Sun May 01, 2011 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage when you own two houses in a bad housing market?
Replies: 137
Views: 12378

Given your girlfriend's warranted concerns, she should probably not do anything to get rid of the house at this point. If/when you are engaged, meet with an attorney to discuss your options, including whether it is better to make a move on the house before or after marriage. Until there is a commitm...
by matt
Sun May 01, 2011 10:33 am
Forum: Investing - Theory, News & General
Topic: WisdomTree doesn't know how to make money
Replies: 17
Views: 3401

Re: WisdomTree doesn't know how to make money

I'm not very impressed with WisdomTree's product line, but they have gotten plenty of other investors hooked. And that's why I'm surprised to see this news today that WT posted its first ever quarterly profit. I'm shocked! They had to get $11.3 billion under management before posting a measly profi...
by matt
Sat Apr 30, 2011 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: how to invest for growth in a credit shelter trust
Replies: 5
Views: 1280

Re: how to invest for growth in a credit shelter trust

My bond broker suggested that zero coupon bonds would work, but the attorney said that when the bonds mature the difference between the value at maturity and the price I paid counts as income, not a capital gain, thus I'm required to withdraw it from the trust. I'm pretty sure that won't work. Zero...
by matt
Sat Apr 30, 2011 2:00 pm
Forum: Investing - Theory, News & General
Topic: Why is the market going up?
Replies: 126
Views: 14793

I am not sure what your point is. It's common for stock prices to increase for all sorts of reasons. Expections about future earnings are probably more important than a reported increase in earnings from the last quarter. My point is that supply and demand determines price. That is the only reason ...