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.
I believe this is @Junkster's discretionary fund for hiking shoes and peanut butter sandwiches.
Stay fully invested, have stops in place and live frugally...works for me.
@msf
This form of "circularity" shows up in many places.
I finds this circularity to be true with regard to my aging comprehension. As I get older I find myself knowing more and more about less and less until I know everything about nothing."
Than…
Here's an interesting article on the premium subsidy dynamic that I am facing this year:
“… the amount of the [self-employed health insurance premium] deduction is based on the amount of the … premium tax credit, and the amount of the credit is bas…
@msf,
Thanks for the links on this subject.
One RESA provision goes as follows:
"RESA would provide that the new 5-year distribution requirement only applies to the extent that the amount of an individual’s aggregate account balances under all IRA…
Looking at a 5 year chart visually tells a cautionary story as well:
A 72% 1 year investment gain in GDXJ...
merely breaks even for a 3 year investment in GDXJ...
and is little consolation to a 67% loss to a 5 year investment in GDXJ:
For an allocation fund whose performance has hugged the return of the S&P 500 for the past 10 years, go for the Bruce Fund (BRUFX). It's by far my biggest MF holding.
Don't you wish Bruce Fund offered a cash position? I have my H.S.A with Bruce …
Thanks @Kevindow for that article. Most investors are clueless to this aspect of the financial world. Security lending has had a few issues to deal with, specifically unsettled trades or FTD (Failure to Deliver).
Here's a website that "scratches th…
Low ER on high volume is still a very profitable business model for Vanguard and other large volume/low fee houses. Reminds me that high volumes of money (QE) loaned at record low interest rates is still a very profitable business model for banks an…
Yep. Doesn't have to be 1/2. Could be any combination. The more options the better. Many of my friends were forced to take lump sum to pay off debt at retirement even tho their debt was much less than the lump sum. The PBGC rate is at record low…
Sorry for your loss.
One thought for the inheritance:
Open a taxable account at the same institution (Fidelity, Vanguard, T. Rowe Price) as her Roth IRA.
Over the next few years she can make contributions from the taxable account into the Roth I…
@MikeM2:
Here's a polish translation:
Polish say ‘go raibh maith agat’ for ten years of an Irish welcome:
irish times-polish-say-go-raibh-maith-agat-for-ten-years-of-an-irish-welcome
"...your human capital declines (as you, well, decline)." Good stuff @msf.
I'll take a tissue (sniff, sniff) because I resemble that statement, but I prefer to describe myself as in a state of "recline".
Nice to think of a twenty-somethings as tw…
Check out this article:
Thanks for the article. If I am reading this chart correctly.
The chart illustrates that a 25 year old has 9x as much human capital as financial assets. A 40 year old has an equal amount of human capital as financial asse…
I am skeptical of any ad that suggests I "ask my doctor if XYZ RX is right for me" when the use of this medication warns it may cause such things as dripping anus.
I'll stick with my present ailments.
RE: David's Sept. MFO post about SIGIX and reduction to 25K: Scottrade now offers it for $100 basic/IRA but with $17 fee; Schwab hasn't reduced the minimum and has a fee; TD has $25K for a basic, but 100K for an IRA (:-); VG and Fido have reduced th…
Here's a set of slides from a recent "Jeffinar" presentation:
businessinsider.com/jeff-gundlach-full-presentation-september-2016-election-economy-gold-2016-9?op=1/#-1
A chart comparing an investment starting in 1980, for example, should have an inflation component to it to reflect the decline in purchasing power.
Here are the inflation adjusted returns for VFINX since 1986 (last column):
I was attempting your request using Portfolio Visualizer today. Here are my results as a video tutorial (hope it works!).
Instructional Video I created:
http://screencast.com/t/0nbXoRuBPPy
Link to website:
portfoliovisualizer
Thanks for the question. It made me rethink and remind myself of the importance of having a plan when it comes to the use of discretionary money.
If the goal is to meet future retirement needs (income) I suggest the following:
Year one:
-Consider…
In today's bond environment, I am reminded of the many Robert Kessler interviews with Consuelo Mack:
wealthtrack.com/robert-kessler-bullish-treasuries/
Anyone requesting their rewards (2% on purchases) check from AmEx? Is their a good reason to accept this new Costco Citi Visa if I already play with Visa?
Here are some considerations:
If you daughter has a Health Saving Account she could make a one time contribution to her HSA using $3350 of this $60K. I believe she could do this regardless whether it was from a 401K or from a SDIRA.
There maybe so…
Bill Gross has around $700 million invested in JUCDX, so he is paying Janus around $7 million a year in expense fees
I have a suspicious mind. I don't think Bill has an ER for his money in the fund even though his portion makes up more 50% of the A…
Bruce B and FAIRX (1 star, Silver M* rated fund) has its hands full at the moment with SHLD, JOE, LE, III, SCC..., but everyone could use a quick haircut, right?
after 4 1/2 innings (i.e. in the middle of the fifth) if the home team is leading at that point
I stand LOB and corrected. The bottom of the fifth is 4 1/2 innings. You're, once again, the "clean up" batter.
You got me poking around on the topic of average...
"In 1971, Batterymarch Financial Management of Boston independently decided to pursue the idea of index investing. The developers were Jeremy Grantham and Dean LeBaron, two of the founders of the …
Here is an answer:
Very anticlimactic.
I was hoping for something more lunar like Congress had recessed to Half Moon Bay or better yet, to have spent time hiking Half Dome and just couldn't get the experience out of their heads when they returned…
