Search found 654 matches

by FafnerMorell
Wed Apr 17, 2013 12:10 pm
Forum: Investing - Theory, News & General
Topic: Do billionaires use Vanguard?
Replies: 31
Views: 6451

Re: Do billionaires use Vanguard?

As Warren Buffet points out, he (and probably most other billionaires) are not diversified - their billions are tied up in the companies they own/control. Folks like Bill Gates, Steve Jobs, etc did not get rich by stock market speculation - they did it by creating/growing businesses.
by FafnerMorell
Sun Apr 14, 2013 8:05 pm
Forum: Personal Consumer Issues
Topic: [Visiting] Oahu
Replies: 32
Views: 4305

Re: [Visiting] Oahu

The wife & I went 13 years ago. Many points have been already covered, but I don't think anyone's mentioned much on the zoo. They had a beautiful selection of flowers & fauna - the animals were pretty much "typical zoo" but the landscaping really stood out - so if you're interested in that, it's wor...
by FafnerMorell
Fri Apr 12, 2013 4:36 pm
Forum: Investing - Theory, News & General
Topic: The Economist: Bitcoin's record price looks like a bubble
Replies: 20
Views: 3100

Re: The Economist: Bitcoin's record price looks like a bubbl

[Economic policy / politcal cartoon removed by admin LadyGeek]

although, I should say, Bitcoin doesn't have any sort of interest or dividend (at least that I know of), whereas, stocks, etc do (at least in theory).
by FafnerMorell
Fri Apr 12, 2013 3:22 pm
Forum: Investing - Theory, News & General
Topic: Gold and Silver down a lot today
Replies: 14
Views: 1567

Re: Gold and Silver down a lot today

I hear all the cool hedge funds are dumping their paper gold to get into bitcoins. That said, just about everything will have occasional fluctuations of 5% - and generally for no apparent reason other than what the talking heads make up after the fact. If you can't handle a bit of volatility, defini...
by FafnerMorell
Tue Apr 09, 2013 7:59 am
Forum: Investing - Theory, News & General
Topic: Scientist Predicts 60% Market Collapse
Replies: 28
Views: 4737

Re: Scientist Predicts 60% Market Collapse

If this was a real scientific theory, it would have a much cooler name like "Death Cross" or "Hindenburg Omen". You're never going to stir the blood of the ignorant masses with a name like "Dreaded Triple Top" (although starting with "Dreaded" is a step in the right direction - maybe if they could s...
by FafnerMorell
Sat Apr 06, 2013 7:38 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads use Ink and Sapphire [Credit] Cards?
Replies: 4
Views: 711

Re: How do Bogleheads use Ink and Sapphire Cards?

I've got a Chase Sapphire - some quarters it's pretty handy. I also use Discover and the Amex on that gets mentioned a lot (forget the name). Basically, whichever's got the bonus that month that I need. I do wonder a bit if the easy use of credit cards makes it a bit easier to spend than if I just u...
by FafnerMorell
Sat Mar 02, 2013 11:21 am
Forum: Local Chapters and Bogleheads Community
Topic: The Munchkin Man Diet
Replies: 120
Views: 15148

Re: The Munchkin Man Diet

Welcome back Munchkin Man, and congrats on a very impressive weight loss!
by FafnerMorell
Mon Feb 11, 2013 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: I'm playing an investment game. How do i make $50k from $1 m
Replies: 49
Views: 5060

Re: I'm playing an investment game. How do i make $50k from

With your VTXMS, just wait patiently for about 40-50 years. While Apple is a great company, I doubt they've got a 20x rise in them, even at a 40-50 year time span (the tech field is especially prone to creative destruction).
by FafnerMorell
Thu Feb 07, 2013 10:07 am
Forum: Investing - Theory, News & General
Topic: Pimco critique of passive investing
Replies: 48
Views: 5354

Re: Pimco critique of passive investing

You'd think with what Pimco pays these guys, they'd be to come up with some more creative & original points. Looks like the usual "Passive isn't optimal, it just protects you from fear and greed" (sounds good to me) and "If everyone was passive, it wouldn't work" (Thank goodness for those 2/20 hedge...
by FafnerMorell
Wed Feb 06, 2013 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: argument against indexing on morningstar...
Replies: 44
Views: 4493

Re: argument against indexing on morning star...

Being open-minded is great for mulling philosophical conjectures - but when it comes to spending/investing money, I prefer more concrete criterion. Much of the active vs. passive debate is pure strawman, but as someone starts pitching "Why settle for Vanguard's TSM when for a mere 1.5% more, you can...
by FafnerMorell
Mon Feb 04, 2013 12:23 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri [Selected as WSJ Industry Expert]
Replies: 19
Views: 3430

Re: Rick Ferri

Congrats Rick - although it's going to be tough to equal/top Scott Adams for investment expertise. :happy
by FafnerMorell
Mon Jan 14, 2013 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16444

Re: Helaine Olen: Pound Foolish

It's a shame she didn't think to educate herself about the subject before she wrote the book (it's not like a bit of digging around in index funds won't turn up the Bogleheads approach), but I suppose she makes the money either way.
by FafnerMorell
Fri Jan 11, 2013 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: boglehead joke
Replies: 18
Views: 1814

Re: boglehead joke

This is probably the most terrifying post I've ever seen on bogleheads.org, because the implications for the true inflation rate in the US of going from a $20 to a $100 bill are pretty staggering. Next thing, they'll be picking up a platinum coin (OK, made it more PC now)
by FafnerMorell
Fri Dec 14, 2012 7:22 pm
Forum: Investing - Theory, News & General
Topic: Excellent Vanguard Article [Joe Davis, Our Economic Future]
Replies: 66
Views: 7099

Re: Excellent Vanguard Article

While it's a good article, Vanguard desperately needs to hire nisiprius to do their charts/graphs.
by FafnerMorell
Thu Nov 15, 2012 10:06 am
Forum: Personal Consumer Issues
Topic: What Advice Would You Give Your 30yo Self?
Replies: 70
Views: 7924

Re: What Advice Would You Give Your 30yo Self?

Dump all your tech stocks around March, 2000 and buy a lot of gold at $280 an ounce! (hey, market timing does work if you're allowed to time-travel)
by FafnerMorell
Wed Oct 24, 2012 2:12 pm
Forum: Personal Consumer Issues
Topic: watch the film Buck
Replies: 5
Views: 901

Re: watch the film Buck

When the movie Buck premiered in Houston, my family and I got to meet Buck in person, and he answered questions from the audience. Great guy - very sincere. He's got an autobiographical book as well (covers more of his early life) - it's a quick & interesting read.
by FafnerMorell
Sun Oct 21, 2012 8:07 pm
Forum: Personal Consumer Issues
Topic: This Year's Bogle Phantom Has Been Released
Replies: 3
Views: 1510

Re: This Year's Bogle Phantom Has Been Released

My wife and I shared a bottle of it with dinner tonight, and it was a really excellent wine.
by FafnerMorell
Sun Oct 21, 2012 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Losing money
Replies: 45
Views: 5384

Re: Losing money

It's called an un-realized gain or loss. It really means nothing until you go from un-realized to realized by actually selling. You are absolutely right. Here I was ready to retire with $1 million, when I suddenly had unrealized losses of $900k. Of course I never sold, I just kept working until I d...
by FafnerMorell
Fri Oct 19, 2012 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Losing money
Replies: 45
Views: 5384

Re: Losing money

There are two rules of Warren Buffet:
1) WB says a lot
2) WB contradicts himself a lot
3) WB is generally right, but often wrong,and often at the same time.

(The rule about never losing money is one that he often contradicts and is both wrong and right on).
by FafnerMorell
Fri Sep 21, 2012 6:23 am
Forum: Personal Consumer Issues
Topic: What's your favorite online source for news?
Replies: 39
Views: 4445

Re: What's your favorite online source for news?

Drudge Report, by far. Most of the "TV" new sites (like CNN or Fox) don't organize their info very well (they highlight the "obvious old" news and then use a tiny font for the bulk of the news, which is usually what I'm more interested in) - whereas with Drudge, just a glance gives a much more compl...
by FafnerMorell
Wed Sep 19, 2012 10:50 am
Forum: Investing - Theory, News & General
Topic: Gold risk - fake bar in NYC - now TEN more 9/23
Replies: 60
Views: 6053

Re: Gold risk - fake bar in NYC

I wonder how big the market would be for a solar-powered gold & silver authenticator.
by FafnerMorell
Wed Sep 19, 2012 8:53 am
Forum: Investing - Theory, News & General
Topic: Gold risk - fake bar in NYC - now TEN more 9/23
Replies: 60
Views: 6053

Re: Gold risk - fake bar in NYC

In a way, I suspect gold owners are bit reassurred that this event is getting such a fuss. It's nice there's an investment where fraud makes national news, as opposed to the myriad of ponzi schemes and MF Global-style "You're money's just gone - stinks to be you" that the rest of the financial indus...
by FafnerMorell
Thu Sep 13, 2012 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Define "rich" and "wealthy"
Replies: 24
Views: 2341

Re: Define "rich" and "wealthy"

"Rich" is Thurston Howell, III. If you don't carry along tens of thousands of dollars in cash, deeds to diamond mines and oil companies, and numerous items of luxury clothing along every three-hour tour you're on, you're not really rich. "Wealthy" is when you've managed to stay rich despite being st...
by FafnerMorell
Thu Sep 06, 2012 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: 21 ways rich people think
Replies: 84
Views: 10439

Re: 21 ways rich people think

One big problem I have with this article is it uses "rich" and "average" without any regard to definition. There's a casual comment that the writer has "studied millionaires", but if that's just someone with more than $1,000,000 in net worth, then that's probably a good chunk of "average" Bogleheads...
by FafnerMorell
Tue Sep 04, 2012 3:11 pm
Forum: Investing - Theory, News & General
Topic: Bernstein article on CNN
Replies: 64
Views: 6960

Re: Bernstein article on CNN

Image
"There's a reason why folks talk about eating dog food, and not cat food - and it's not because the dog's food tastes better"
by FafnerMorell
Tue Aug 21, 2012 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Financial consultant really bothered me
Replies: 34
Views: 4661

Re: Financial consultant really bothered me

Don't be too impressed with the 7% guarantee - Bernie Madoff guaranteed 12%. :) But, look at your Vanguard funds - the ones you actually have (not some strawmen he's arguing about). If they're index funds, the turnover should be very low (nowhere near 400%) and take a look at the actual costs (inclu...
by FafnerMorell
Thu Jun 28, 2012 8:07 am
Forum: Personal Consumer Issues
Topic: Amazon Kindle Fire Feedback
Replies: 39
Views: 5657

Re: Amazon Kindle Fire Feedback

Our family has 2 iPads (models 1 & 2) and a Kindle Fire. Some observations: - The Fire is great for movies, TV, web-streaming, and books/magazines. Especially if you have Amazon Prime - lots of "free" extras for Prime Members. One downside is it's a bit easy to accidentally order stuff. - The iPads ...
by FafnerMorell
Fri Jun 22, 2012 11:04 am
Forum: Personal Consumer Issues
Topic: Your preference in media for reading: hard cover, e-books?
Replies: 35
Views: 1455

Re: Your preference in media for reading: hard cover, e-book

Depends on the circumstances. While driving, audiobooks work a lot better than the printed/ebook variety. :P For long trips, ebooks mean you don't have to worry about running out of something to read. Also, for "disposable" reading (magazines, newspapers), they're more environmentally friendly. For ...
by FafnerMorell
Fri Jun 22, 2012 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Question about the Wealthy Barber
Replies: 7
Views: 1917

Re: Question about the Wealthy Barber

He suggests saving 10% in a taxable account (from what I can infer). We are not in a high tax bracket (15%), and it seems that this idea would give some flexibility in case something comes up that is more than an emergency fund or future large purchases of needs not wants. What do you guys think of...
by FafnerMorell
Fri Jun 22, 2012 7:39 am
Forum: Investing - Theory, News & General
Topic: what's a millionaire today ?
Replies: 38
Views: 3751

Re: what's a millionaire today ?

Going up watching Gilligan's Island, I, like all proper-thinking Americans, define "millionaire" by the example of Thurston Howell, III. If you don't carry along tens of thousands of dollars in cash, deeds to diamond mines and oil companies, and numerous items of luxury clothing along every three-ho...
by FafnerMorell
Tue Jun 19, 2012 11:01 am
Forum: Investing - Theory, News & General
Topic: Market Timing Question
Replies: 36
Views: 2437

Re: Market Timing Question

So, when Warren Buffet/Berkshire Hathaway bought GEICO, was that market timing? Was the purchase of See's Candies, Dairy Queen, Burlington Northern Santa Fe Corporation, etc all "market timing"? Or what about the large chunks of stock in Coca Cola, Amex, IBM, etc? Now, if you want to define market t...
by FafnerMorell
Fri Jun 15, 2012 8:05 am
Forum: Investing - Theory, News & General
Topic: POLL: Has your investment course changed in 15 years?
Replies: 52
Views: 3846

Re: POLL: Has your investment course changed in 15 years?

15 years ago I was just getting started in investing. So, I guess I'd call that a change for the better.
by FafnerMorell
Fri Jun 08, 2012 6:21 am
Forum: Investing - Theory, News & General
Topic: Bogleheads advice for getting rich
Replies: 63
Views: 7865

Re: Bogleheads advice for getting rich

Depends on how you define "rich". If you're talking about making multi-millions in a few years, I don't think most Bogleheads would recommend stocks/investments as the way to go - rather, they view investments as a long-term game. Save 10-20% of a "slightly higher than average" income for a lifetime...
by FafnerMorell
Wed Jun 06, 2012 4:26 pm
Forum: Investing - Theory, News & General
Topic: market manipulation
Replies: 9
Views: 931

Re: market manipulation

(Or, if you're looking for less extreme conspiracies, Zero Hedge is a good web site for the more mundane stuff (mostly along the lines of Central Banks being run by idiots, which is certainly a lot more plausible than lizard men / Illuminatri)).
by FafnerMorell
Wed Jun 06, 2012 4:22 pm
Forum: Investing - Theory, News & General
Topic: market manipulation
Replies: 9
Views: 931

Re: market manipulation

I suspect for 1), the issue is essentially unknowable. It's possible that all of reality is an illusion, or we're living in something like The Matrix , or perhaps there's some really power super-secret group like the Reptilians ( http://en.wikipedia.org/wiki/Reptilians ) but if they've been super-se...
by FafnerMorell
Tue Jun 05, 2012 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Buying the market in 05/2012
Replies: 15
Views: 1864

Re: Buying the market in 05/2012

I had some gift money for the kids that I moved into their 529s on June 1. I had saved it for a few months waiting for a Really Bad Day - and I figured that it qualified. But for 99% of my portfolio, no change (other than the usual paycheck-deduction-to-401K/IRA).
by FafnerMorell
Wed May 23, 2012 1:34 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9291

Re: The Facebook Fallacy

If Facebook could only find a way to monetize people's opinions about their stock, they'd actually be worth $100 billion or more. :beer
by FafnerMorell
Tue May 22, 2012 6:46 am
Forum: Investing - Theory, News & General
Topic: Facebook and efficient market
Replies: 39
Views: 3209

Re: Facebook and efficient market

LH - how do you define efficient market? For my definition (using Wikipedia, semi-strong), I'd expect to see the value of FB stock fluctuate heavily in the first day as information about the true demand for the stock comes in & changes. This info on demand would act as positive feedback (in a mathem...
by FafnerMorell
Mon May 21, 2012 9:32 am
Forum: Investing - Theory, News & General
Topic: How do you pros ignore the noise??
Replies: 52
Views: 4249

Re: How do you pros ignore the noise??

When someone asks if you own Apple/FB/whatever, just remark cryptically "I own part of nearly every public company in the world - bahahaha!" and give a sinister little laugh at the end. You'll be surprised at how quickly they learn to stop making financially-related comments around you. Probably an ...
by FafnerMorell
Wed May 16, 2012 7:38 am
Forum: Forum Issues and Administration
Topic: when will nisiprius hit 100,000 posts, then one million?
Replies: 25
Views: 2566

Re: when will nisiprius hit 100,000 posts, then one million?

It could be the OP is hoping for one of Nisiprius's famous charts - this one showing his posting activity. :) Although I think the Hindenburg Omen one will be tough to top.
by FafnerMorell
Tue May 15, 2012 6:24 am
Forum: Personal Consumer Issues
Topic: Travel in Europe During Economic Crisis
Replies: 23
Views: 1985

Re: Travel in Europe During Economic Crisis

Actually, I could see strikes as being a very real /non-paranoid possibility (unless it's a zombie apocalypse, I'd expect riots to be relatively easy to avoid). But with strikes, you'd be rather vulnerable to transportation being cut-off, leaving you stranded. Depending on circumstances, this might ...
by FafnerMorell
Wed Apr 25, 2012 9:38 pm
Forum: Personal Consumer Issues
Topic: Top five regrets of the dying
Replies: 83
Views: 10409

Re: Top five regrets of the dying

Well, the article is of the top five regrets of the dying in a hospital. For a more balanced overview, here's some other top regrets of the dying: "I guess I could have waited to send that txt" "What was the parachuting instructor saying about cord again?" "I knew I should have checked that the bung...
by FafnerMorell
Tue Apr 17, 2012 6:29 pm
Forum: Investing - Theory, News & General
Topic: Whats out of favor now?
Replies: 71
Views: 5410

Re: Whats out of favor now?

Question as I'm still learning... Efficient market theory means basically everything is "priced in" right? My understanding of EMT (and something that a lot of people seem to overlook) is that the price is based on the information at that "instant". A millisecond later, there may be new information...
by FafnerMorell
Fri Apr 13, 2012 6:11 am
Forum: Personal Consumer Issues
Topic: Newer Kindle models?
Replies: 21
Views: 2111

Re: Newer Kindle models?

The Kindle is far, far, far better than the Fire, iPad, and other similar tablets at doing what it was intended to do. If you don't need or want a tiny computer but instead just want to read things, but the Kindle blows them out of the water. Especially once you compare the battery life (hours vs. ...
by FafnerMorell
Thu Apr 12, 2012 7:20 pm
Forum: Personal Consumer Issues
Topic: Newer Kindle models?
Replies: 21
Views: 2111

Re: Newer Kindle models?

Our household has iPads and a Kindle Fire (and we had an older model eInk Kindle). The iPad is wonderful for numerous applications (web browsing, quick emails, reading books & magazines, watching movies, games, etc). I've read a few financial books on it, and most do a good job on the tables / chart...
by FafnerMorell
Thu Apr 12, 2012 6:42 am
Forum: Investing - Theory, News & General
Topic: What would you ask a billion dollar mutual fund manager?
Replies: 45
Views: 3826

Re: What would you ask a billion dollar mutual fund manager?

I'd be curious if there's a lot of difference in the day-to-day management of different types of mutual funds (e.g. when Bill Gross is managing the PIMCO bond fund - how does that compare to the management that John Paulson does for his hedge fund or what the various stock analysts do). How much tim...
by FafnerMorell
Sat Apr 07, 2012 8:29 am
Forum: Personal Consumer Issues
Topic: SUV or Minivan or Wagon for Grandma
Replies: 10
Views: 1238

Re: SUV or Minivan or Wagon for Grandma

My wife & I have three kids within 14 months of each other, and found the Town & Country minivan great for handling them - the minivan offers much better access to them, which is valuable until they reach the age of 5 or so. Now that they're slightly older, and more self-sufficient, it's less of an ...
by FafnerMorell
Fri Apr 06, 2012 5:21 pm
Forum: Investing - Theory, News & General
Topic: Stuff that gives gold a bad name
Replies: 37
Views: 2615

Re: Stuff that gives gold a bad name

Is there any news media (WSJ, NYT, FT, etc) which would be considered trustworthy in their advertising? As a side note - I'm really baffled by all the "We buy gold" stores - there's about a dozen which have sprung about along my route from home to work, and most have folks out during the day waving ...
by FafnerMorell
Thu Apr 05, 2012 1:18 pm
Forum: Investing - Theory, News & General
Topic: I was on the phone with Mr. Bogle last night
Replies: 18
Views: 3722

Re: I was on the phone with Mr. Bogle last night

Carlos Slim called me to suggest to y'all that you use TracFone Wireless for future conversations with Bogle, WB, or Bill G and the like.