Happy New Year!
Experts love to give their outlook for the new year. Vanguard CEO and CIO are hosting a live video webcast on January 9 talking about their outlook. They are going to say keep the cost low and stay diversified. I’m not an expert. My outlook for 2014: I have no idea what the financial markets will do.
I want to thank the 79 readers (so far) who gave me valuable feedback in my 4-question survey for what they like and don’t like about my blog. If you haven’t chimed in, please do. I will report back the results next week.
I performed some long-overdue technical updates to my blog website this week. I wanted to make it load faster and handle more visitors. Before the updates, a machine in India was crashing the site by sending hundreds of requests all at the same time. It’s more stable now. Let me know whether you see any difference in loading speed.
All updates and upgrades come with the risk of glitches. If you see anything wrong, please let me know using the contact form.
I read these interesting articles this week:
Setting Financial Goals for 2014 by Michael at Financial Ramblings
I will do most of the same things as Michael listed, except I’m not too sure about the I Bonds part. I will explain more in a full post next Monday.
State Of The Blog 2014 by Jim at The White Coat Investor
Jim is doing a great job on his blog The White Coat Investor. Although it’s said to be for doctors, others benefit as well. I learn from it even though I’m not a doctor.
Permanent Portfolio 2013 Results by Craig Rowland at Crawling Road
Permanent Portfolio had a bad year in 2013. Now it’s testing whether followers can stay with the program. I’m afraid some will abandon it, as Dr. William Bernstein wrote in Wild about Harry back in 2010.
How I cost my Dad over $2000 in Medicare benefits by Doug Norman at Military Guide
It’s about the Medicare premium surcharge on high-income enrollees. I would say to Doug “don’t feel too bad.” It’s a one-time cost worth only a few percent of a large gain. If someone bumps into this year after year, consider income bunching: take a hit in one year but get out of it in the following years.
Sell, Don’t Buy, Floating-Rate Note Funds by Larry Swedroe at Seeking Alpha
Brokers like to sell floating-rate note funds. The credit quality of the notes in the funds are usually very poor. However, US Treasury will start issuing floating rate notes this year. I wonder if the floating-rate note funds will buy the new Treasury floating rate notes instead of the below-investment-grade corporate ones.
Understanding The Two 5-Year Rules For Roth IRA Contributions And Conversions by Michael Kites at Nerd’s Eye View
Good explanation. The easiest way to make the confusion go away is to establish a Roth when you are young and only withdraw from Roth after 59-1/2. Then you won’t have to worry about either 5-year rule.
Why Everyone Needs to Know About CalPERS Changes: An Interview With Mitch Tuchman by Matthew Amster-Burton at MintLife
I skipped this article at first because I have nothing to do with CalPERS (California public pension). Then I see the article has little to do with CalPERS. I don’t agree with the guest’s analogy for “be your own doctor” though. I wrote about it in Choose What You Know. It’s not nearly as complicated as being your own doctor.
[Photo credit: Flickr user Pascal]