Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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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.
msf, yeah, I knew much of that; I meant welfare in the modern talk-radio sense, helping Those People.
Are you an academic, or historically minded attorney?
>> I don't agree with him, but I suppose the idea was to illustrate the futility of sitting here and arguing about it (or even having a civil conversation) when people who don't read his work or by extension don't agree with him are told to pi…
Scott, impute whatever to me as you wish, but my econ and policy mind is so generally and specifically ignorant that it could not possibly be made up.
As a working editor, though, I do know good argument and solid substantiation when I see them.
…
I knew that eventually, eventually someone would imply that citation of Krugman must mean something kneejerk or thoughtless or doctrinaire as to belief.
I am sure he must have been wrong at some point, but every time I read an article charging so,…
STB, anent printing money, see
http://www.themoneyillusion.com/?p=13112
http://krugman.blogs.nytimes.com/2013/02/04/money-wealth-and-models/
http://krugman.blogs.nytimes.com/2013/01/02/debt-in-a-time-of-zero/
the second is kind of wonkish
As an…
>> for the person that keeps providing suggested reading links, I could find just as many links to support my position.
no, no, not good ones. This is false equivalency and no way to argue the way to understanding.
>> And your assump…
BW,
Sugg reading the links provided above.
I and several others have pointed out that there are args that it is not doomed, not inefficient, not structurally unsound.
Your common sense may actually be quite unsophisticated and quite uninformed. …
Yes, sorry, number of funds. Spread / number of accnts does not matter. Think about what you wish to accomplish. Roths for the more aggressive, assuming they are tapped later. Trad or whatever other IRAs tapped earlier, hence less aggressive. See if…
Way way way too much. You are familiar with the notion that the more = indexing? What is it you are trying to do? Compare your total to VTI (may not have the right ETF for Vanguard all-everything), or/also AOA.
msf,
Thanks much for your scholarship and supple detail and understanding. I hope (trust) you read Krug faithfully, just to get the facts. And Forbes mistaken?? I sure hope you post a comment.
Shoes x-rayed at airports may ultimately be feelgood o…
Yeah, means testing is always kicked around, always a good idea, and people like Buffett advocate it strongly. Your 4th point might work something like EIC for low-income recips.
Fixing it is trivial, ultimately, and over the next decades the reall…
\\\ [Raising the retirement age] sounds plausible until you look at exactly who is living longer. The rise in life expectancy, it turns out, is overwhelmingly a story about affluent, well-educated Americans. Those with lower incomes and less educat…
I don't like or dislike the guy either, and don't much care about his predictions. (I believe he invests chiefly in bonds, fwiw.) But as an aspiringly informed citizen, I am keenly interested in the vast data historical and global he gathers showing…
Except the other side of this coin has been mostly wrong (and on key points) for as long as anyone can remember. You cite an interview by a George Mason type, from 06 no less; let us look at Bloomberg:
http://www.bloomberg.com/news/2013-08-09/was-m…
The link for more econ wonk data stuff than most can fully follow is
http://krugman.blogs.nytimes.com/
And there is excellent new stuff tonight, but just scroll down for the last few weeks, or more.
Progressive only if you don't know that realit…
Thanks for your civil and gracious and thoughtful response; appreciated.
However, you may generalize about (and indeed dislike as many do) Krugman as you wish and attempt to view him merely as a preacher of arguable viewpoints --- except that he is…
Tb, sorry, where are Vanguard funds in any of this fool article? What am I missing? Their balanced funds actually tick no better or more consistently than the other good balanced funds.
How do articles this lameass get published? If Goldberg is go…
I looked at RGHVX lagging performance in each of as many dip periods as I could, granular and higher-level, brief and less brief, and have decided to bail, fwiw (and it's not included in the above website obvs).
They once wrote
\\\ Objective and …
>> ignited the formation of this country based on an individuals right to bitch about taxes (Boston Bay Tea Party).
Not quite a sophisticated reading of the history or the events or the reasons.
This is sort of a start, and droll as well:
w…
If you really want to get into it at the wonk level (for me anyway), study these:
http://krugman.blogs.nytimes.com/2011/10/30/a-volcker-moment-indeed-slightly-wonkish/
http://www.businessinsider.com/goldman-janet-yellen-has-endorsed-ngdplt-in-all-…
M - I don't know why it would or has to be next to impossible. Nothing about steak and lobster; just being 'on your own'. Even with halved rent, whatever amount that came to, if you as a family of three (or four if a partner) lived in 1k a month, fo…
It will never get passed, and in any case would make no particular difference except perhaps to heirs, or your tax bill, or if you're so wealthy you would have left things alone indefinitely. In other words, it has no immediate tax effect, and simpl…
>> If a person was to retire now or in the future before medicare/medicade kicks in that would be a significant cost that would impact the $1M question.
Too true, but ACA has nothing to do with it, and in fact has made this scenario quite a b…
Junk, given possibly adequate resources it often does come down to a mental health / anxiety issue, and there are many articles that address exactly this. If you're such a hiker, though, I would bet your soul is in reasonable shape.
You can step u…
Oh, sure, sorry to have sounded ignorant; I just meant that I myself would have gone (and did go) to great lengths to convert into a Roth, if at all possible, even late. I worked my whole life until a couple years ago, so I know how if you save, it …
I would never have had or kept so much in a traditional IRA, so I missed that; sorry.
Naturally if you have >$1.3M in such an IRA, you're probably going to do all right regardless, even on the coasts, esp if you're frugal.
Having grown up in a…
Well, if you pay 18k a year in property taxes (not uncommon on the coasts, not talking mansions either), if you want to do any traveling, if you pay for longterm-care insurance, and/or a host of other ifs, it's easy to need more than 50k. Naive or n…
Can someone do the simple arithmetic and see whether change in $10k conforms or not? Is this possible to do? It is easy to imagine someone on the phone does not fully comprehend either.
I think I might, though 7y is bucket 3, so to speak, meaning that's where I do all equities. He said. Not thinking of his wife.
It is open to the public, not just SC renters.
Scott:
I know this will seem total shilling, but dealing with SC was the…
