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07-04-2022, 08:38 AM
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#81
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Quote:
Originally Posted by JoeWras
These change-overs are nerve wracking. My old Megacorp's insurance portal is changing, so there is a period of no-man's land, like you have. The is one of many changes through the years. It seems like they are always bidding against each other. And frequently, the company that wins is something you never heard of.
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I was unaware (most likely had ignored) advance warning from the state plan about the switch. My TRP online account only showed “conversion debit”. I found the transition notice and it clearly said there would be no change in investment choices or balances. That was reassuring. I only keep the account because it’s my only access to a stable value fund. I’ve used it since 2005 and this is the first such change.
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07-04-2022, 08:46 AM
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#82
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2014
Posts: 7,326
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Well, dayum. I just re-ran my financial plan in my main brokerage firm's model (it brings in accounts form other firms) and my chance of not outliving my savings went from 99% in the regular scenario/99% in the LTC scenario to 99%/98%. Gotta turn off the A/C and reduce expenses!
On checking accounts regularly: we've had discussions on this before but look up escheat laws. A Planet Money podcast told of one poor guy who had Apple stock in a Fidelity account, never looked at it, figured it was worth $X at some point, and then found the account had been closed. Fidelity had turned it over to the state, which then sold it. The process worked as it was supposed to- Fidelity was required to turn it over and the state is not in the business of deciding whether to buy/sell/hold- but he was able to recover only the liquidated value, which was a fraction of what it would have been had it not been sold.
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07-04-2022, 10:39 AM
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#83
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Moderator
Join Date: Jul 2017
Posts: 5,664
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Quote:
Originally Posted by athena53
Well, dayum. I just re-ran my financial plan in my main brokerage firm's model (it brings in accounts form other firms) and my chance of not outliving my savings went from 99% in the regular scenario/99% in the LTC scenario to 99%/98%. Gotta turn off the A/C and reduce expenses!
On checking accounts regularly: we've had discussions on this before but look up escheat laws. A Planet Money podcast told of one poor guy who had Apple stock in a Fidelity account, never looked at it, figured it was worth $X at some point, and then found the account had been closed. Fidelity had turned it over to the state, which then sold it. The process worked as it was supposed to- Fidelity was required to turn it over and the state is not in the business of deciding whether to buy/sell/hold- but he was able to recover only the liquidated value, which was a fraction of what it would have been had it not been sold.
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After my DF passed, I found that one of his stocks had escheated to the State. I was given the choice of recovering the stock or taking cash. I did have the stock transferred to the brokerage account. Presumably this option depends upon the State.
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Use it up, wear it out, make it do or do without.
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07-04-2022, 02:51 PM
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#84
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by Koolau
Sorry, but checking every day begins to sound like a j*b to me. As long as I know I have enough, I don't need to be checking that often. Now, my money w*rks for me, not the other way around. YMMV
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I can check my account in 20 seconds on my phone. That’s not like any job I ever had. Besides, I’m naturally curious about daily market news so I’m checking that too.
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...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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07-04-2022, 02:56 PM
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#85
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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07-04-2022, 05:00 PM
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#86
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
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On the Bogleheads thread, some folks shared recent "pull" ACATS transactions from Vanguard. And the good news is they reported getting an email.
So just pay attention out there. The earlier you report problems, the better.
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Retired Class of 2018
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07-04-2022, 07:55 PM
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#87
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
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Quote:
Originally Posted by JoeWras
On the Bogleheads thread, some folks shared recent "pull" ACATS transactions from Vanguard. And the good news is they reported getting an email.
So just pay attention out there. The earlier you report problems, the better.
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Yeah, it's been a while, but I checked my saved e-mails and found e-mails letting me know when I did stuff in my 401(k) and at Vanguard. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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07-04-2022, 09:12 PM
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#88
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I just logged in to look at a couple of accounts I have not checked since last December.
Whew. My money is still there.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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07-05-2022, 07:17 AM
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#89
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Recycles dryer sheets
Join Date: Jul 2020
Location: Sector 001 - Alpha Quadrant
Posts: 237
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I don't look during bear markets but I gave into temptation and found a good tax loss harvesting opportunity and also converted some individual stock from Traditional to Roth.
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07-05-2022, 04:22 PM
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#90
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Dryer sheet aficionado
Join Date: Oct 2015
Location: Queen Creek
Posts: 25
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Quote:
Originally Posted by KarenF
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I think about it differently. I look everyday and do research to find out why it's happening so when I step into the voting booth I'm an informed voter. If you keep your head in the sand you deserve to lose your money. It may hurt to look but the next time you will be better prepared. If your broker is telling you not to look it's because they are embarrassed at their own performance and trying to hide. It's your money and you should be extremely upset that the brokers didn't see the GIANT FLASHING SIGN that said trouble ahead.
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07-06-2022, 08:38 AM
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#91
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Dryer sheet aficionado
Join Date: Jul 2020
Location: Manasquan
Posts: 29
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I have been checking daily, trend analysis and research on all. Sell or buy more when required. Been doing this Fire'd in 2012. Don't need to do this anymore but the process is in my blood. Love it....Mostly in cash now and not buying anything until S&P 3000 and will consider..
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07-06-2022, 09:57 AM
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#92
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2014
Posts: 7,326
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Quote:
Originally Posted by Gary 1958
I think about it differently. I look everyday and do research to find out why it's happening so when I step into the voting booth I'm an informed voter. If you keep your head in the sand you deserve to lose your money.
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I agree. I update (and save results) on the first of the month no matter how bad things are. The resulting graph, which I have from 30 years back, really puts the "disastrous" markets in perspective. The lesson I learned is that the good stuff recovers, so weed out under-performers along the way and sit tight in bear markets.
As for inflation- that's why I stay invested. What's important is the "real" rate of return over time- the delta between investment returns and inflation. It will be negative if you don't have some in equities.
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07-06-2022, 01:56 PM
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#93
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Recycles dryer sheets
Join Date: Jan 2021
Posts: 67
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Quote:
Originally Posted by Midpack
- I watched CNBC and checked stock prices daily
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I know, right! When I worked, I used to watch or listen to Cramer. After retirement and the change in mindset, I realized that his job is to get everyone riled up and slobbering to "invest" (more like trade) in the latest stuff. I often wondered what kind of kickbacks he gets
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07-07-2022, 05:00 AM
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#94
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,395
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+1 I saw him once and came to the same conclusion. Too slick, arrogant, and fast talking for me.
Cheers!
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07-07-2022, 05:23 AM
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#95
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,363
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I record and watch the first 6 minutes of Cramer every night. I don't look for stock tips as I'm not a trader, but every few days I find he'll offer a broader insight to what's going on in the market.
For me, he's just one of many inputs that I digest, consider and learn from. Along with some good folks here, he did peel me off the ceiling back in '08/'09 for which I'm forever grateful and financially better off as a result.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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07-07-2022, 06:26 AM
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#96
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2014
Posts: 7,326
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Quote:
Originally Posted by marko
For me, he's just one of many inputs that I digest, consider and learn from. Along with some good folks here, he did peel me off the ceiling back in '08/'09 for which I'm forever grateful and financially better off as a result.
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I agree- good overall perspective. You also have to remember he influences a LOT of people. He may be wrong but what he says could affect the market or a particular stock!
It's good to keep a healthy skepticism about his CEO interviews, though. He always adores his interviewees, including Elizabeth Holmes, the founder of Theranos. I heard that one on a podcast. She's now in jail.
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07-07-2022, 09:44 AM
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#97
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I don't watch CNBC anymore, but often see a bit of snippets on YouTube. Cramer may be right occasionally, but he's wrong just as often.
Yes, he is cocky and arrogant, but this kind of personality is needed to get followers. It's true for many jobs with a public presence, from politicians to celebrity chefs. People like this kind of cr*p.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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07-07-2022, 09:53 AM
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#98
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
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Quote:
Originally Posted by Badger
+1 I saw him once and came to the same conclusion. Too slick, arrogant, and fast talking for me.
Cheers!
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For a short while I found his antics to be entertaining. It wears thing pretty quickly, however. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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07-07-2022, 10:30 AM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2010
Posts: 5,862
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Quarterly at most. Not an active investor any more. They are all under management.
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07-07-2022, 10:42 AM
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#100
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
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Quote:
Originally Posted by brett
Quarterly at most. Not an active investor any more. They are all under management.
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Heh, heh, so are mine. MY management!:cool smiley: I still don't look that often. YMMV as always.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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