Search found 230 matches

by kmurp
Tue Jan 18, 2011 2:16 pm
Forum: Personal Consumer Issues
Topic: How long do you keep a car *Really*?
Replies: 148
Views: 23194

Cars

I am 53. I have owned 5 new cars in my life and one was only for a year (wreck). Gave my last new car (civic) to daughter and driving wifes' hand me down minivan.
by kmurp
Thu Jul 22, 2010 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: High-deductible health insurance better than paying cash
Replies: 28
Views: 4429

"Usual and Customary"

The usual and customary fee is the amount charged to anyone that is either uninsured or has insurance with a plan that does not have a contractual agreement with the physician that takes care of you. For my group, this number is higher than most if not all of the contracts that we have in place with...
by kmurp
Thu Jul 22, 2010 5:38 pm
Forum: Investing - Theory, News & General
Topic: Limits on 12b-1 fees coming?
Replies: 5
Views: 910

Re: Profit sharing

DDB wrote:Does your company offer a match on the 401k?


Our company has a Qualified profit sharing plan, not a 401k. Everyone gets 15% of their salary put into the plan, fully vested from day one.
by kmurp
Wed Jul 21, 2010 1:42 pm
Forum: Investing - Theory, News & General
Topic: Limits on 12b-1 fees coming?
Replies: 5
Views: 910

Profit sharing

Our small company uses the 12-b1 fees and subTA ( I think that's what they are called) to offset the cost of maintaining the qualified plan. It is my understanding that were we to be offering only Vanguard Index funds, the corporation would assume all of the cost of the plan. The way we have it set ...
by kmurp
Tue Oct 06, 2009 2:11 pm
Forum: Investing - Theory, News & General
Topic: Defined Benefit Plans for Physicians
Replies: 34
Views: 4143

defined benefit

Google 'cash balance plan" and physician. Yes this IS becoming more popular. It is especially popular with groups that have a small number of high earner physicians. I think that there are some downsides as well; in order to avoid underfunding, you may wish to have the $ in a "safe" i...
by kmurp
Tue Aug 18, 2009 10:37 pm
Forum: Personal Consumer Issues
Topic: gas fireplace inserts
Replies: 18
Views: 5361

Gas Fireplace.

These are great. Use a reputable local dealer to purchase and install. Sealed units are safe and very effective. Direct vent models...not so sure how safe these are. Someone I know had a carbon monoxide problem while using one during a power outage.
by kmurp
Tue Aug 18, 2009 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider yourself "High Net Worth?"
Replies: 56
Views: 8602

TRC wrote:Yes, at 31 my wife and I are close to 700K. I feel very fortunate - right time, right place, hard work, diligant investing, diligant debt elimination, and a little bit of luck.


Good work. At that age I was just getting out of my residency and starting practice.
by kmurp
Tue Aug 18, 2009 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider yourself "High Net Worth?"
Replies: 56
Views: 8602

TRC wrote:Yes, at 31 my wife and I are close to 700K. I feel very fortunate - right time, right place, hard work, diligant investing, diligant debt elimination, and a little bit of luck.


Good work. At that age I was just getting out of my residency and starting practice.
by kmurp
Tue Jun 02, 2009 9:29 pm
Forum: Investing - Theory, News & General
Topic: News on 12B-1 Fees
Replies: 19
Views: 2657

12b-1

In our company plan, the 12b-1 fees are used to pay an advisor. This man helps employees who choose to do use him, to set up a financial plan which includes an estimate of the risk that they need to take in the market and asset allocation. He chooses the funds available (open architecture) and advis...
by kmurp
Wed Apr 08, 2009 4:24 pm
Forum: Investing - Theory, News & General
Topic: AGs scrutinize OppenheimerFunds' bond fund
Replies: 15
Views: 2370

Quarterly Comment

The quarterly commentary for the Champion Fund is an absolute scandal. There is not even a hint of remorse or acceptance of responsibility for the serious breach of conduct that they engaged in. The last sentence ( as I recall-I read this over a month ago) is an "oh by the way" statement o...
by kmurp
Wed Feb 25, 2009 12:25 pm
Forum: Investing - Theory, News & General
Topic: US "Lost Decade" talk is overblown
Replies: 23
Views: 2615

Lost Decade

Well, I had a rather large amount of money in 200 invest in stocks and bonds. Sadly, my stock side was un-diversified. I Became diversified in 2002. Contributing the maximum to retirement allowed by law in every year of my 19 year employment and never more than 80% equity (most often at 50-70%), my ...
by kmurp
Mon Dec 15, 2008 12:59 pm
Forum: Investing - Theory, News & General
Topic: Prospectus for Madoff investments
Replies: 42
Views: 10823

Lost Savings

Someone that i work with lost all of his life savings due to this guy. He was told, apparantly, that the bulk of the assets were in treasuries. So sad.....
by kmurp
Tue Oct 14, 2008 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Funds choices/ inflation
Replies: 4
Views: 1197

Real Asset Funds

Thank you for your extensive reply. We employ an investment advisor acting in a fiduciary capacity for our plan. His opinion on real asset funds was exactly the same as yours 6 months ago when I asked him. He felt they were way too volatile and could be dangerous in a plan that allows participants t...
by kmurp
Tue Oct 14, 2008 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Funds choices/ inflation
Replies: 4
Views: 1197

401k Funds choices/ inflation

I am one of the trustees of our small company retirement plan, and therefore, I have a say as to what asset classes we offer for our employees. As a possible scenario to the current mess is that world governments will substitute inflation for deflation, I am wondering if our plan is well prepared. M...
by kmurp
Thu Oct 02, 2008 10:24 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet Interview with Charlie Rose Yesterday
Replies: 41
Views: 7525

Buffet Buying Bonds

His argument on this is that the amount of bond purchases that are necessary can only (in this environment) be done by the US Govt. No one else has the cash in these amounts nor can anyone else borrow at the low rates that the Govt. can to purchase these securities. 1-2 years ago, borrowing to purch...
by kmurp
Thu Oct 02, 2008 1:13 pm
Forum: Investing - Theory, News & General
Topic: BAILOUT? ... There is no crisis.
Replies: 90
Views: 21393

Lehman

Wamu just got cleanly recapitalized without any loss to the taxpayer, as did Leyman. The taxpayer is involved in the recapitalization of Fanny and Freddie, and Bear Sterns and AIG, but this seems more targeted risk of public funds than a shotgun "throw money at it" cure. -- James[/quote] A...
by kmurp
Thu Oct 02, 2008 12:34 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet Interview with Charlie Rose Yesterday
Replies: 41
Views: 7525

Buffett

His explanation of what we need to do with the credit mess is as clear as his shareholder letters. I also happen to believe in his honesty and integrity. I therefore also tend to believe his opinion on the tax matter (which is just a sideshow currently compared with our other problems). That said, h...
by kmurp
Fri Sep 26, 2008 12:17 am
Forum: Investing - Theory, News & General
Topic: what is Paulson trying to fix?
Replies: 43
Views: 8139

Re: Buffet Convined Me

This morning I heard Buffet on CNBC and his voice wavered when he discussed last Thursday. This problem is real. The markets are stuck and anything that goes to help them clear I am for I heard the interview as well. I also felt that his voice got unsteady when he described last week's events. Why ...
by kmurp
Fri Sep 26, 2008 12:00 am
Forum: Investing - Theory, News & General
Topic: BAILOUT? ... There is no crisis.
Replies: 90
Views: 21393

De-leveraging

I was using Warren Buffets' term for what is going on. I do not get any shadenfreude from a generation of spenders getting their supposed comeuppance. I think that it is sad. I hope that it isn't crippling to many of us.
by kmurp
Thu Sep 25, 2008 11:56 pm
Forum: Investing - Theory, News & General
Topic: "wiped-out retirement savings"? Is this in refere
Replies: 24
Views: 6724

wipe out

Perhaps they are referring to the possibility of an even more severe credit contraction with large layoffs, stock PE contractions and dividend cuts. If you are of a certain age, you may never recover.
by kmurp
Thu Sep 25, 2008 6:54 pm
Forum: Investing - Theory, News & General
Topic: BAILOUT? ... There is no crisis.
Replies: 90
Views: 21393

Credit card offers

So the above poster is saying that because he gets offers for a new credit card that is evidence that there is not massive de-leveraging going on? I think that the de-leveraging has not yet reached him. It will....
by kmurp
Wed Sep 24, 2008 10:24 pm
Forum: Investing - Theory, News & General
Topic: BAILOUT? ... There is no crisis.
Replies: 90
Views: 21393

Bailout

I certainly believe that it is necessary. I just don't know if it is enough. Frankly I'm a little scared. When credit drys up, normal businesses can't issue commercial paper to fund their short term liabilities. That leads to layoffs on a scale proportional to the lack of credit. So yes, jobs, perha...
by kmurp
Tue Sep 16, 2008 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Gov't bailout of AIG
Replies: 41
Views: 7341

AIG/printing money

Perhaps it is this huge injection of $ into the system by the Government that will eventually lead to inflation in the U.S. I imagine that the Fed hopes that they can avoid a devastating deflationary credit death spiral and deal with inflation if we get that far.
by kmurp
Wed Aug 06, 2008 10:04 am
Forum: Investing - Theory, News & General
Topic: Bogleheads take on American Funds?
Replies: 74
Views: 14409

Chart returns

Don't these charting sites like Yahoo and Google just chart NAV? I was under the impression then, that when the funds distribute income and gains which are generally reinvested, the charts do not adjust for this and therefore underestimate the true investor return. Please correct me if I am wrong bu...
by kmurp
Wed Jun 18, 2008 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund Returns data
Replies: 2
Views: 781

MSN site

Thanks, I think that site is what I was looking for. We have the Calvert fund as well as some other fixed income funds. Sadly, a number of our fixed income funds have trailed their benchmarks this year. i makes me wonder if their above index returns in the past were a mirage created by taking on exc...
by kmurp
Wed Jun 18, 2008 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund Returns data
Replies: 2
Views: 781

Mutual Fund Returns data

Is there a site freely available, which tracks actively managed mutual fund returns vs. their style benchmark? For example, you could enter the mutual funds ticker and you would get a display of the funds' 1,3,5 and (occasionally) 10 year returns not just in absolute numbers but compared to the S&am...
by kmurp
Mon May 05, 2008 7:54 pm
Forum: Investing - Theory, News & General
Topic: SEP-IRA
Replies: 2
Views: 897

SEP

So we would have to choose the SEP administrator wisely based on our particular requirements. i assume that we would possibly need a prototype plan document. On another note, we currently have a profit sharing plan. We are thinking of switching to the SEP to decrease paperwork, oversight and fees. T...
by kmurp
Sun May 04, 2008 4:24 pm
Forum: Investing - Theory, News & General
Topic: SEP-IRA
Replies: 2
Views: 897

SEP-IRA

Our firm is thinking of switching from a profit sharing plan to an SEP-IRA. We hope that the costs for the corporation will be less as well as less paperwork and no fiduciary responsibility. My question (feel free to comment on the above as well); does the SEP-IRA have to be at one firm, or can our ...
by kmurp
Sun Mar 09, 2008 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Low cost pension provider
Replies: 0
Views: 619

Low cost pension provider

I am one of the Trustees of our corporation retirement plan. I am interested in a simpler or perhaps cheaper alternative to the one we now have. Currently we are open architecture (I think), with Newport and AST. The advisor services are provided by a local planner who uses the Fidelity platform to ...
by kmurp
Fri Jun 01, 2007 1:59 pm
Forum: Investing - Theory, News & General
Topic: Harvard endowment
Replies: 17
Views: 6980

International Investing

OK- so how does one go about selecting "Mutual funds which purchase international equities in the currency where the underlying companies are based." I thought that most funds bought ADRs or a combination of ADRs and - I think the term is ordinaries. Some funds hedge currency risk. Eventua...