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Topic: In other news ...

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MarqHusker

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Re: In other news ...
« Reply #2352 on: February 02, 2021, 08:57:24 PM »
Very intrigued by this thread lately.   The Bond Book by Annette Thau is the best book on bonds, treasuries, muni bonds,  zeroes, I Bonds etc.  Great basis for understanding yield/price curves and all of the tax treatment for these fixed income products. 

Intelligent Investor is an all-timer.  By Ben Graham.   70 years later I'd still give that to any person who is interested in understanding the fundamentals of investing for an average investor.

I give lectures on mutual funds and ETFs but really from the perspective of a manufacturer, operating, distribution and compliance perspective not for the investor.   Having said that you could do a lot worse than sticking to no more than 3-4 broadly diversified low cost equity and fixed income funds or ETFs.   Ill never name names.    I only play with individual stocks with shoebox money,  never anything serious.


Honestbuckeye

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Re: In other news ...
« Reply #2353 on: February 02, 2021, 09:32:44 PM »
The more we go through this, the more I realize I’m not so knowledgeable as to the finer points of these tools.

But I know I’m a hell of a saver and put money in long-term index funds, so at worst, I should do alright.
More than all right.  That is still the best formula there is! And I do this for a living
Get your facts first, then you can distort them as you please.
-Mark Twain

OrangeAfroMan

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Re: In other news ...
« Reply #2354 on: February 02, 2021, 09:32:56 PM »
You don't a union, but you have a defined-benefit retirement plan. Okay then. I wonder who negotiated that?
Hmm...



I don't know, but if a state decided to be the only one without it for teachers, that state wouldn't have any teachers.
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

OrangeAfroMan

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Re: In other news ...
« Reply #2355 on: February 03, 2021, 02:20:38 AM »
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

OrangeAfroMan

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Re: In other news ...
« Reply #2356 on: February 03, 2021, 02:23:39 AM »
Surprised they were still doing this in '94.  I guess Sapp forgot his jersey?  Includes WV's best player ever.

https://www.youtube.com/watch?v=dqlA6n9MLC8
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

Cincydawg

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Re: In other news ...
« Reply #2357 on: February 03, 2021, 06:44:26 AM »
Very intrigued by this thread lately.  The Bond Book by Annette Thau is the best book on bonds, treasuries, muni bonds,  zeroes, I Bonds etc.  Great basis for understanding yield/price curves and all of the tax treatment for these fixed income products.

Intelligent Investor is an all-timer.  By Ben Graham.  70 years later I'd still give that to any person who is interested in understanding the fundamentals of investing for an average investor.
I think for a starter those books are too advanced, just my opinion.  A thing easily forgotten is how much terminology is used in various disciplines.  For example, a beginning investor could well have no idea what the term "Treasuries" is, or muni bonds, or yield curve, etc.

Something light and airy could be a better starting point, something with everyday analogies.

When Tobias wrote his first edition, inflation was raging, and he advised for example when something was on sale that you used to buy a lot of it, the price in a year would be 10% higher.  It was simple stuff like that, plus thoughts on stocks and bonds.  Back then, many mutual stock funds had loads, they were offered by folks like Merrill Lunch, the loads could be 5% or more, at the start, plus annual fees.  We didn't have discount brokers, my first stock trade had a $70 commission.

One trick I learned was dividend re3nvestment, a simple concept of course, mainly a way to avoid high commissions.

He updated his book years later.  I advise my kids to use ETFs.  And if you get a money manager, by all means make sure he's fiduciary.  

Years ago my then ex mother in law had me look over her portfolio that was being managed, I should say CHURNED.  Holy cow, it was a mess.

847badgerfan

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Re: In other news ...
« Reply #2358 on: February 03, 2021, 07:34:01 AM »
I don't have any financial books. Only a financial advisor.
U RAH RAH! WIS CON SIN!

Cincydawg

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Re: In other news ...
« Reply #2359 on: February 03, 2021, 07:43:51 AM »
I had one for three years after I retired.  I asked a lot of questions about why they did this and that.  It wasn't rocket science, and I've done better on my own, mostly because of some lucky picks.

They also saved me a bunch on taxes when I retired.  I was in a special situation that year.

FearlessF

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Re: In other news ...
« Reply #2360 on: February 03, 2021, 08:51:36 AM »
I don't have any financial books. Only a financial advisor.
yup, I let my guy read all the books and keep up on the ever changing market and tax code
my cousin's son, so I think I can trust him
sharp kid
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: In other news ...
« Reply #2361 on: February 03, 2021, 08:59:47 AM »
3 important things. Financial advisor, accountant, attorney. Helps me sleep.
U RAH RAH! WIS CON SIN!

FearlessF

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Re: In other news ...
« Reply #2362 on: February 03, 2021, 09:46:07 AM »
my finances are too complex - Financial guy handles accounting

haven't needed attorney services since settling my father's estate 

try to not need to talk to attorneys
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MrNubbz

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Re: In other news ...
« Reply #2363 on: February 03, 2021, 11:46:26 AM »
Has any one seen our new Secretary of Health and Human Services?1st they prop up a dementia patient to the highest office in the land.Then they find some out of work knuckle dragger from Barnum - Bailey's Freak Show that doesn't know whether to stand or squat to fill out his staff.I'm a patient man but c'mon.Why not appoint some one from Isis as the Secretary of Defense and Bernie Madoff to head the Treasury.I hope to God this is a farce or at least has been photo shopped I just might move to Canada - if they still take Americans










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“Did I hear God call me an idiot? ”― William P. Young

Cincydawg

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Re: In other news ...
« Reply #2364 on: February 03, 2021, 11:56:57 AM »
Has any one seen our new Secretary of Health and Human Services?

Assistant, if that matters.

OrangeAfroMan

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Re: In other news ...
« Reply #2365 on: February 03, 2021, 12:05:14 PM »
Has any one seen our new Secretary of Health and Human Services?1st they prop up a dementia patient to the highest office in the land.Then they find some out of work knuckle dragger from Barnum - Bailey's Freak Show that doesn't know whether to stand or squat to fill out his staff.I'm a patient man but c'mon.Why not appoint some one from Isis as the Secretary of Defense and Bernie Madoff to head the Treasury.I hope to God this is a farce or at least has been photo shopped I just might move to Canada - if they still take Americans










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Way to keep it apolitical.
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

 

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