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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
Fascinating. Even more interesting for me is that for the last 4y it is extremely hard to find anything with consistency that has outperformed the etn CAPE (not SCHD, DVY, insofar as divs correlate w/ value; not RPV; not NOBL and OUSA more recently;…
Well, of course --- if you're gonna go VTI instead of SPY, then sure, the delta w RSP (RPG, RPV) is not much worth spending time on.
The suggestions were not just to go SP500 alone, that's all.
RPG. Maybe leave some as cash in case she wants or needs to buy something. And yes, depending on her earnings, she can incrementally move it into a Roth over time.
Does M* too not do any general-journalism reading? 2015 CEO of the year, 2015, and they wrote that?? Or listen to the conference calls? This is close to unbelievable for what is essentially a news / information outfit.
Actually I was discussing scenario outcomes and balance shifts as a function of allocation with someone who at 70 needs to try and hit 35k out of a half-mil portfolio. She asked for my takes. Which is how I came up with my whatever it is I am allege…
Have run it many times, long before you ever mentioned it.
Have never been a gut investor.
So it all depends on how much one will be needing for cashflow and what the sleep@night thresholds are. You go right ahead and stick with your misreading of…
>> when it corrects an inadvertent error.
Can't tell whom you're railing against now for unfairness or pickiness or whatever it is, but you do love to opine broadly and generally and then do not at all care for being called on it --- Dale Ca…
@MJG:
>> 1. Hold a bond portfolio percentage equal to your age (that's a Jack Bogle suggestion)
Sigh. You left out something crucially important. See:
https://www.bogleheads.org/wiki/Asset_allocation#cite_note-10
" ... pension and Social …
On today's show Ric Edelman lit into them as I have seldom heard from him, with more new (and worse) historical detail than I have read.
Also these clawbacks are complete nonsense; they are simply future forfeiture (fractional) of huge amounts and …
>> I did read the references you provided. ... I'm sure some reviews were positive, but neither perspective dictates my understanding or appreciation of the work. I formulate my own assessment.
And what was that? Surely you are not so 'one th…
k, thought about it today, at some length, read some more, discussed with wife (sent her their lame letter), and went ahead and, since market up, bailed out totally, with her strong concurrence.
Large positions (for us). All gone.
Will consider …
Murray's Bell Curve sources were not reputable, when not thoroughgoing bigots.
http://www.nybooks.com/articles/1995/02/02/the-bell-curve-and-its-sources-1/
http://www.nybooks.com/articles/1994/12/01/the-tainted-sources-of-the-bell-curve/
(paywalle…
You might want to study up more, way more, and not just UBI, to help put a small dent in your cynicism forcefield.
Or not.
>> The dismantling of the American Middle Class was not by accident, it was by design.
man
Yeah, what to do with the supposedly (usually mythical) undeserving, when life is still claimed to be Aesop-like.
http://krugman.blogs.nytimes.com/2016/03/15/return-of-the-undeserving-poor/
http://www.nytimes.com/2014/01/20/opinion/krugman-the-und…
Yes, good point, and I did write them a cordial and pointed email tonight before deciding, while I was still reading coverage. I may unpull the trigger tomorrow pending their reply. Not sure what they can say ... we were unaware of the scale and sco…
Since he's board head, yes.
Thanks for note on PRBLX trying to force indy chair. I just put in sell orders on all of our holdings, not small (for us). I can deliberate further during the day tomorrow and cancel if I come to a different place. I am …
Good ol' Morgenson. The board was diverse, almost half women, and two former regulators no less. Wtf.
http://www.nytimes.com/2016/09/28/business/wells-fargos-critics-aim-a-salvo-at-its-board.html
And Stumpf is such a liar. I'm nearing the PRBLX d…
That bothers me too a little bit (OCD), but for me is swamped by zero commish on everything.
@msf, obvs I have not studied the 50% bonus thing.
Amex Blue 'everyday cash' or something like that is 3% for supermarkets.
The more I read about the history and etiology of the WF churning,
http://blogs.wsj.com/moneybeat/2016/09/16/from-gr-eight-to-gaming-a-short-history-of-wells-fargo-and-cross-selling/
the more I am thinking I am going to bail completely out of PRB…
@msf, sure does.
Plus BoA mortgage.
Although I've never been cross-sold anything other than hit on for credit cards, which I probably would use if we did not get such high 'moneybacks' on Fido, Costco (both now visa) and the new Amex.
To me cr…
jeez, look it up
http://www.census.gov/people/wealth/data/
http://www.census.gov/people/wealth/data/dtables.html
http://www.census.gov/topics/income-poverty/income.html
Or you can go work for them and inform their ignorant statisticians / pollta…
Oh, sure, this is just to punish them institutionally, and emblematically.
Though it was sure a hell of a lot worse than a few bad eggs.
Most of the big banks now are ramping up their vibe and c/s and everything to a high polish. BoA is quite unbeli…
Of course they took action only because of the outrage; it's not as though anyone stepped up at any point, much less the laughable boards of these places, and said 'Wait, what? wtf? We have to do something, now.'
Yeah, this communication from P sounds thoughtful but feels more like small beer.
The latest about the laidoff / fired / retained is extremely troubling.
http://www.nytimes.com/2016/09/27/business/dealbook/wells-fargo-workers-claim-retaliation-fo…
http://m.mlb.com/cutfour/2015/11/19/157676550/vin-scully-called-college-football-at-fenway-park
Does 1949 debut count? My wife was born then, so I will ask her.
>> a striking resemblance to geometric average
right
>> you and many others don't care (yet).
Nothing for anyone to care about. The $58k or whatever it is does not weigh on anyone like some household or personal debt. What should be c…
@msf, at least 'average annual' attempts precision or something close to it, compared with 'average'. How would you define annualized?
@shipwreckedandalone,
It does not work like that; it's money we owe chiefly to ourselves. Not to defend the scal…
(MJG, I hope you read it as megawatts, no caps.)
@msf,
Webster's II, along with I believe III (not positive, in basement next to a dozen AHDs, which I should also consult), is hygienic about the terms, by my reading just now. Medial ('medial sum') …
