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iggi

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About iggi

  • Birthday 01/09/1967

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    fishing
  1. 2011 : -3.8% 2012: 13.6% I paid toward a loan in 2012 and I don't know how this was accounted for in the calculation. It can't have accounted for much since interest rate is extremely low.
  2. I had a 13.6% return for 2012 with 80% equity - 20% bond mix. For 2013: short term investments: 60.5% Stocks : 31.53% Bonds : 7.88%
  3. Let's hope the pros managing our money are smart enough not to get suckered into the kinds of tactics Goldman Sachs uses to ramp up its profits. A piece in the WSJ makes the point that this guy has been at his position for an unusually prolonged period of time and that employees at such positions usually are promoted to management fairly quickly. I think this guy is a little disgruntled because he was not moving up in the firm.
  4. Dividend paying blue chip stocks for the win. This looks like a supercharged investment allocation from this point on. Although, who knows if there is a global recession closing in on us, and how stagnating it will be. The eurozone economies are in the grip of a financial crisis which will surely lead to lower GDPs across the board as the governments bring down their spending and entitlement programs. China's economy is likely getting into a bust similar to the U.S. mortgage crisis. And the emerging economies are just hostage to all of it. A yield of 6%+ is still pretty damn good. I am curious to know if you are a retiree, which would be best for this kind of yield. Dividend paying stocks or high yield tax exempt bonds such as the the municipal bonds. I mean if the stocks in your portfolio decrease in value you are still collecting on the dividend just the same, and when the economy rebounds your stocks will rise too, so in the end you have a chance of a greater increase in value as opposed to high yield tax exempt bond holdings. On the other hand, if bonds default, it means a complete loss of asset isn't it?
  5. Nevermind those folks who think they can pick stocks! What about those new to investing who read his book and think they can casually pick and hold individual stocks the same way they invest in index funds ! If he glossed over this area of investing it's a big fail for him.
  6. This guy did start early at 19 yrs of age. Good timing because I think he caught the internet boom of the late 90's and the mortgage fueled boom of early 00's. And may have made well-timed exits on both bust-and-boom cycles. I breezed through his blog and he says he had roughly half of his money in individual stocks and the other half in index funds at the time he made the move to an all index funds portfolio---another wise market timing. He is a market timer alright .
  7. Hi Emmysue, You folks still have the dream fixed account that we all would like, 8.25%! Interest only means you would get over $24000 per year as a supplement to your pension. Excuse my ignorance, but why change, unless, of course, you will get the same guarenteed interest? What am I missing? Steve A fixed rate of 8.25%!!! I would max out my contributions for that kind of quarantee on my 403b! What a deal! If somebody please explain to me what kind of 403b this is. Is it a fixed rate annuity type of product that one buys into with the contributions? Thanks.
  8. iggi

    Mf Global

    Unbeleivable. It loaded up on Eurozone debts even when it was clearly a really bad investment not even an investor with a high school education would even take. I think the eurozone investment was a tactic to try and create something so the books can be cooked later for a more palatable accounting statement . A major financial company run by thugs. They should all do 25 years in prison with murderers and rapists as cellmates.
  9. Maybe they are just busy. The market for the last 3 months or so has been volatile with many macro-economic issues and problems. Could be they are just busy dealing with problems on their front and don't have time to answer calls.
  10. I would pile into a banking sector index fund with low fee. The industry is going through a tough time and their stocks are in historically low territory. Once the economy picks up they should come on strong. GIven that banks also are traditionally dividend paying stocks, it should be an added factor into the gains.
  11. Where was this guy a couple of years ago when the mortgage printing presses were running at full speed with robo-signers firing on all cylinders?
  12. ...... But I take distributions from my 403b when ever I want to, rarely. Steve So then for a 403b, one is pretty much in control of how much and when to take out? Sounds good! I have to read more into how 403b's work. Beleive it or not, I have been contributing for over 10 years and have never really delved into the intricacies of the policies involved in 403b's or my pension plan for that matter. Seemed retirement was such a ways away. Not anymore, ha! How time flies!
  13. When I retire is it possible to treat my 403b retirement plan seperately from my Pension plan? Can I take a lump sum from my 403b while opting for a yearly payout from my Pension plan? Or do they have to be handled as one unit of retirement benefits? I am under the impression I can't treat them seperately. I have my 403b plan with the same employer with a Pension plan.
  14. One option that's available to me are target-date mutual funds that are designed to rebalance stock/bond mix as I approach retirement. A good one stop shop for a retirement investment that does not need a whole lot of effort on my part to worry about having too much or too little in stocks. What you could do is have this type of fund and if you feel you need more exposure to stocks then add a 100% stock fund . I think it's less of a hassle and gives one a quicker assessment of how everything is positioned. And you save on the fees associated with rebalancing in the end.
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