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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MikeM
I know you are not a fan of his, Mona (understatement :) )
Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?
Thanks for the post jonesge, but my own opinion is this kind of suggestion, to disavow Columbus Day, is what gives progressives a bad name (and I lean left myself). Why not fight for a "Native American Day" in it's own right. I actually think that w…
Here in NY (Rochester area), the cost of a supplemental plan is $0 through Blue Cross Blue Shield. I start Medicare next January. Hope that doesn't change.
@Derf, Googled your question. Here is the answer. Credit for wages, no extra in payments.
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So the average U.S. household (over age 75) has a net worth in excess of one million dollars? Umm ... Not where I live.
No @hank, but where you live, the median value of $265,000 is probably pretty realistic. Average skews the data towards the high …
Could be worst @catch22. We could be talking about cars or bourbon or a lake in Michigan or politics in Michigan or getting ready for snow in Michigan.
Thanks @Ted. The fat lady has sung!
Not sure what to make of these Bills. Blown off the field the first 6 quarters of the season, then the head coach takes over calling the defensive plays after half time last week. Since then opponents have scored…
@hank, not the point of the reference, but another interesting tidbit from that past discussion is the "deleted user". I'm assuming that would be Maurice since he is referred to in one of the comments. I wondered what happened to him. Apparently he'…
@msf, you are a very intelligent person and you explain things very well, but this is all I needed to know (already knew):
Any of these tools gives some crude measure of whether you are on track. But when they tell you that you're off track, its up …
Well, judging by the above commentary, Monte Carlo would seem to fall somewhere between a Ouija board and a direct visit from the gods revealing the future.
Not true Joe. The community above is msf, msf and msf, who could find the weakness in any a…
I'm with @Chinfist on this one. The product just isn't the same anymore, and officiating and rule changes for safety issues maybe (unconsciously) the biggest part of it, IMHO. Not saying safety rule changes aren't the right thing, just saying it cha…
@jerry, I like your idea of AAPL at 180, but that is a 20% drop from todays price. It would probably take a pretty good market down-turn, but anything is possible, so that would be a great entry point if you can get it. I actually sold my shares at …
I would think taking SS early is synonymous with quitting work early. A key to having more money in retirement, or the inverse, being in poverty, is how early you stop the pay checks.
Hi Joe. I built a very similar spreadsheet, probably about 15-18 years ago, and have upgraded it over the years with a bunch of what-if statements, like what if I pulled from the nest egg and bought an annuity in such and such year, what if I take m…
I'm hearing all that is wrong with Monte Carlo simulation. So, @msf, @Old_Joe, tell me a better, easy to use tool for getting an idea where you stand with retirement spending potential. Show me something else that will "estimate" the probability of …
Is your goal only to withdraw yield in retirement? I believe concentrating or limiting investments to yield bearing investments is a huge mistake. Total return is what matters.
What a scary situation. I don't begrudge those who voted for Trump, but I don't understand the blind loyalty given all that is out there. Is everything fake except the deception Trump lives by? Terrible blindness. Or will republican congress and hou…
So as long as someone is honest about why they lost your money you're okay with it?
@JoJo26, yes I am ok with it because his long term tract record at Matthews and Seafarer warrant that. Do I think a fund manager isn't going to make a miscalculated …
I see no evidence that total assets is the culprit for SFGIX under-performance. 2.2B is not at all to high for an EM fund concentrated on large caps. Look at the T. Rowe Price fund, PREMX. It has 5.5B in assets. 2.2B for a large cap fund should not …
In Schwab under 'status' it says 'available to existing share holders'. I believe that infers it is closed to new investors. I don't think this has changed. @deeppizza , what on the Schwab site makes you think you can buy if not already invested?
p…
@bee, great stuff on max drawdown and recovery time. I'm a believer in having a cash bucket in retirement to ride out a recession. I've thought 3-4 years expenses would be good, but you are using actual data that suggests 2 years expenses in a cash …
@Hank, what alternative funds are you invested in? Were they around in 2008-early 9 for the great recession so that they have a performance tract record during the worst of economic times? Just curious how they performed over that stretch compared t…
Crystal balls sold separately.
I don't get it, but a lot of people think they need 'alternative' funds for diversification when, as @Ted pointed out in another thread, you are better off in the long run with just a plain vanilla balanced fund. Oh w…
from the article:
Some brokers place your cash into money market funds, often their proprietary, in-house funds. This allows the broker to earn fees from your idle cash. Some brokers “sweep” your cash from the brokerage into a bank, typically a ban…
@hank and @Sven- I'm in the corner with you guys.
@hank, @Sven, @Old_Joe, hopefully you are in a rectangular room, so there should be one more corner left for me. Maybe buying now will end ok, but the odds are against it.
I believe the "dustbin" as you call it is what you see at the left side of your screen under 'categories' called "The Bullpen". It appears the newest entry to the Bullpen is 7/27. So apparently they last 3 weeks on the main discussion board.
There are a few differences between a sector fund as bee compared too versus DSENX. In theory, CAPE will rotate sectors within the fund, not stay stagnant with 1 sector. In that it holds a 'diversified' selection of 4 (or is it 5) sectors also sets …
Getting a part time job just seems like the obvious choice. Could you work at the same job description your wife works at? That would double your married income.
Good point on colonoscopy cost @bee. Because of my family history, I get tested every 3 years and the doctor pretty much always fines a polyp or 2 and snips it off. So much for free in that case.
@little5bee, congrats on finding the affordable alternative. Crazy how, depending on what state you live in, the HC experience can be so drastically different. Here in NY state I have a policy that costs me $384/month, $4500 out of pocket max, bronz…
I have a Facebook account so that I can keep up to date with what family and friends are up to. They use it so I use it. But to me, FB has a huge problem with their business being used by hackers who want to manipulate peoples perception of facts or…
Manning and Napier was a terrific brokerage with great, steady, conservative funds, out of small city Rochester NY, when it was privately owned by the guys that started it. The company went public in 2011 and hasn't been the same since. Now they hav…
@crash, nobody ever "paid" 90% taxes, but the effective tax rate for the rich, after tax loop holes and deductions was a higher-than-now 40+% during Eisenhower's presidency. This link gives some interesting data for average effective tax rate on the…
Been thinking about a 60" + inch TV. I think it's possible those screens will be 30-50% higher in a month or two. Been thinking Samsung... hey, I thought S. Korea was our friend!!! Ok, now it's N. Korea. Got it.
Kodak died because of very bad management. It tried many things to diversify and failed miserably. You only have to look at the Japanese company Fuji Film to know what was possible. Same core product line, different results. Kodak invented digital p…
