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Re: Costco:is it worth it for just two people?

I just do not understand why people like Costco so much (feel better than at Walmart???). Similar products can be bought at Kroger and Walmart. When the first Costco opened in our city early this year, my wife got a discounted membership. The bargain she likes most is the bottled water. Since the C...
by Austintatious
Sun Aug 31, 2014 9:47 am
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 101
Views: 5660

Re: Costco:is it worth it for just two people?

You simply won't find a better canned tuna product around, unless there's some erotic foreign brand that I've not stumbled across. If you find erotic foreign tuna please let us know. Victoria Not to worry, Victoria. I always share the special finds with my friends, those hot stock tips, for example.
by Austintatious
Sat Aug 30, 2014 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 101
Views: 5660

Re: Costco:is it worth it for just two people?

Wow, I would not eat that much tuna. The FDA suggests only 16.4 oz of LIGHT tuna per week, and only 5.6 oz per week of albacore tuna. Only one data point but it is first hand. A college friend - a very bright guy - ate only tuna for lunch and dinner (if he was eating at home) for three years. He de...
by Austintatious
Sat Aug 30, 2014 10:12 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 101
Views: 5660

Re: Costco:is it worth it for just two people?

DW and I have shopped at Costco for a couple of years, now, following several years of shopping at Sam's. We are convinced that shopping at either place would allow a couple to save money, as long as one plans ahead, and exercises budgetary discipline. For a number of reasons, I prefer Costco, by fa...
by Austintatious
Sat Aug 30, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 101
Views: 5660

Re: What Movie Have You Currently Watched?

Last film I saw was The Grand Budapest Hotel. I thought it was lot's of fun and I'd recommend it. Be aware that profanity is taken to the professional blasphemer's level. Used RedBox and cost $1.50
by Austintatious
Sat Aug 30, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You [Recently] Watched?
Replies: 43
Views: 1520

Re: is a target date fund considered indexed

Depends on what you mean by "indexed". The target date funds I know of are merely collections of separate funds and would not themselves be reflective of a particular index. But the funds they're comprised of may or may not be "index funds". The Vanguard target date funds, for ex...
by Austintatious
Fri Aug 29, 2014 1:41 pm
 
Forum: Investing - Theory, News & General
Topic: is a target date fund considered indexed
Replies: 11
Views: 620

Re: Help with son-in-law's new 401k

Here's what I'd do, offered with the disclaimer that I'm neither expert nor nearly as knowledgeable as are others posting here: If or when I had sufficient funds for the three fund portfolio in my Roth, I'd go with it over the Target Date funds, although I think the latter are very good choices for ...
by Austintatious
Fri Aug 29, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with son-in-law's new 401k
Replies: 13
Views: 1377

Re: No car for 10 years - should I scratch the itch?

When I was a kid, I couldn't wait to drive. I now live in a downtown area with 93/100 walkability rating, and I avoid driving as much as possible. I'd get rid of my car in a heartbeat, but I'm still playing gigs and need to haul my gear around every week, so the Camry sits in the garage until I nee...
by Austintatious
Thu Aug 28, 2014 3:49 pm
 
Forum: Personal Consumer Issues
Topic: No car for 10 years - should I scratch the itch?
Replies: 28
Views: 2058

Re: International allocation

Where am I wrong, here? Not wrong, just some folks don't like adding that much risk for the diversification Int. stocks allow. I really don't think there is a right answer here. You have that completely backwards. You can't possibly have LESS risk by heavily tilting towards a single country. Unless...
by Austintatious
Thu Aug 28, 2014 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4124

Re: No car for 10 years - should I scratch the itch?

Sharke, I'm in the opposite position. I live in a rural setting and have zero access to public transportation. I live with the constant headaches and drain on finances that owning a motor vehicle bring to my life. I'm genuinely sick of it all. I suggest that you forget the very idea and embrace the ...
by Austintatious
Thu Aug 28, 2014 9:46 am
 
Forum: Personal Consumer Issues
Topic: No car for 10 years - should I scratch the itch?
Replies: 28
Views: 2058

Re: Need help with 401k Strategy

A few thoughts: 1) the target fund is a great and simple idea. 2) What's the purpose of the betterment account? If it's just for retirement, then consider moving to Vanguard and doing the rebalancing yourself. 3) If you want something other than the target fund, I'd look at using the SSgA funds as ...
by Austintatious
Wed Aug 27, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help with 401k Strategy
Replies: 21
Views: 1336

Re: Bad(?) advice given about Target Date Retirement funds

But don't the Life Strategy funds come with the same basic problem, by a different mechanism? With the TR funds, the allocation is changing over time, becoming more conservative as time passes. With the Life Strategy funds, the allocation is static and is either too conservative for most investors u...
by Austintatious
Wed Aug 27, 2014 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6375

Re: International allocation

In ten of the last twenty years the EAFE has outperformed the SP500 (source Callan Tables). In total performance for that period the SP500 is way ahead despite the split. I have no clue what that means going forward. Personally I'm about 29% domestic and 16% international. Using my preferred vehicl...
by Austintatious
Mon Aug 25, 2014 6:27 pm
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4124

Re: Telling my friends I paid off my houses was a mistake.

Each time they suggest that you fritter away your money, ask if they've ever heard of Jack Bogle, and insist on enlightening them about Mr. Bogle, Vanguard and the many benefits of investing in low costs, broadly diversified index funds. Should be fun.
by Austintatious
Mon Aug 25, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10151

Re: Help with son-in-law's new 401k

Does son-in-law get a match by the employer? What are the other funds in the plan, and the expense ratios? Is there an additional management fee (or other fees) under the plan I'm assuming that daughter does NOT get a match with the 403(b). Is that true? How do the expense ratios with the 403(b) com...
by Austintatious
Mon Aug 25, 2014 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with son-in-law's new 401k
Replies: 13
Views: 1377

Re: International allocation

Thanks, gvsucavie03, jaab, JoMoney and others. This question of international investing and whether the broader diversification it brings is worth the potential for increased risk still interests me very much. It's been a good discussion.
by Austintatious
Sun Aug 24, 2014 9:57 pm
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4124

Re: International allocation

We're at 30%, although I'm steadily becoming convinced, largely by all the discussions about international on this forum, that it should be higher, reflecting true market share. World market share and personal risk tolerance are two different issues. Some folks may not like the greater volatility o...
by Austintatious
Sun Aug 24, 2014 11:59 am
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4124

Re: International allocation

We're at 30%, although I'm steadily becoming convinced, largely by all the discussions about international on this forum, that it should be higher, reflecting true market share.
by Austintatious
Sun Aug 24, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4124

Re: Why do we tip restaurant servers?

I used to hate tipping. Not because I hated parting with the money, just because it felt awkward, and even somehow a little demeaning to throw a few dollars (figuratively) at someone. Then I dated a waitress, and my perspective changed completely. They work their butts off, they depend on the incom...
by Austintatious
Fri Aug 22, 2014 8:44 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2203

Re: Why do we tip restaurant servers?

I work as a server in fine dining for a living. 95% of my income comes from tips. In fact, some weeks I get a paycheck of $0.00 as the taxes on my tips are taken out of my wages reducing them to zero. In short, you tip your server because the system (for good or bad) is set up in such a manner that...
by Austintatious
Fri Aug 22, 2014 5:11 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2203

Re: Using Credit Card to Pay Off Student Loans

Good plan- unless something happens and you can't pay off the 8K before your intro APR expires. Not worth the gamble to me. If your loan interest is deductible there's even less incentive. You'd be gaining < $100 This is the correct answer. Just pay the loan off, directly and stay away from the pot...
by Austintatious
Thu Aug 21, 2014 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using Credit Card to Pay Off Student Loans
Replies: 24
Views: 1133

Re: Good interview with John Bogle

What a great find. Thank you, stemikger. 14 excellent minutes enabling us to know Jack Bogle just a little bit better. It makes one all the more envious of those able to attend the annual Boglehead conventions and spend such valuable time with the man.
by Austintatious
Thu Aug 21, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3689

Re: Do we plunder our retirement to pay off student debt?

Don't think of it as "plundering". If you could invest in a fund which paid 6.8% risk-free (5.3% after federal and state tax), would you do it? That is effectively what you do by paying down the 6.8% loan; $10,000 paid against the loan will increase your net worth by $10,680 next year. Th...
by Austintatious
Wed Aug 20, 2014 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do we plunder our retirement to pay off student debt?
Replies: 30
Views: 2604

Re: New Investor!! Did I make a mistake?

Getting past all of this and assuming the worst, I now have ~38,000 in Star Fund and $10,000 in growth index fund. Is it best that I wait until I have new money to invest and just leave these funds alone? IMO, it's best that you cool your jets for a while, leave things as they are, and do some stud...
by Austintatious
Tue Aug 19, 2014 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1564

Re: Bad(?) advice given about Target Date Retirement funds

I think the reason that target date funds get bad press from many financial advisors is that when people invest in them it puts the advisors out of a job. Couldn't agree more. Another reason target date funds get bad reviews is that some of them are not so great (some are real stinkers) when you lo...
by Austintatious
Tue Aug 19, 2014 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6375

Re: Bad(?) advice given about Target Date Retirement funds

Some posters say above that international bond funds now in the LS are not really a good thing, but that it does not matter that much. I don't know ....I am just wondering what they are there for. Thanks...... The intent is to provide a greater diversification than you'd have without them, though t...
by Austintatious
Tue Aug 19, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6375

Re: Would you buy these funds that were recommended?

One of the big benefits of this forum is the ability for folks just like you to obtain objective, knowledgeable and free advice. No one here is interested in separating you from your money. Indeed, one purpose of this forum is to help others succeed in their investing. There's a wealth of sound inve...
by Austintatious
Mon Aug 18, 2014 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1484

Re: Looking for advice on creating a Will

Leerar has already mentioned the most crucial of things relative to your questions. The laws of your state pertaining to one dying intestate (without a will) may provide for a distribution that is remarkably different from what you wanted and terribly detrimental to those you wished to benefit from...
by Austintatious
Mon Aug 18, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on creating a Will
Replies: 39
Views: 2432

Re: Bad(?) advice given about Target Date Retirement funds

My counter advice is to use a Life Strategy or other balanced fund that closely matches your desired AA and stick with it for a while. Perhaps a decade or so down the line you might want to change I agree. I'm a big fan of the LS funds. Their names are more descriptive and their operation is very e...
by Austintatious
Mon Aug 18, 2014 1:17 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6375

Re: Bad(?) advice given about Target Date Retirement funds

Seems to me that if one is sufficiently knowledgeable to choose among the TRF's based on one's desired allocation, rather than simply relying on the planning and advice by Vanguard, one is sufficiently knowledgeable to set up and manage a basic 3 or 4 core fund portfolio. Of course, investing in a T...
by Austintatious
Mon Aug 18, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6375

Re: Thoughts on USAA?

I've found their auto insurance services to be competitive, very efficient and distinctly customer friendly. I've found their credit card services to be satisfactory but nothing to brag about. Plenty of folks comment favorably on their banking operation but I know little about it. I've avoided their...
by Austintatious
Mon Aug 18, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 24
Views: 1966

Re: Looking for advice on creating a Will

My wife and I have a two year old son and we live in a HCOLA. We both took out substantial life insurance policies about six months ago. We have a house, a mortgage, and retirement savings etc. All accounts and property are either joint or the accounts themselves have beneficiary designations. So d...
by Austintatious
Mon Aug 18, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on creating a Will
Replies: 39
Views: 2432

Re: Online classes?

Abe wrote:Morningstar Investing Classroom

http://www.morningstar.com/cover/Classroom.html


This is a worthwhile course for beginners or for those seeking to refresh prior learning. One can pick and choose among the subjects.
by Austintatious
Mon Aug 18, 2014 11:09 am
 
Forum: Investing - Theory, News & General
Topic: Online classes?
Replies: 14
Views: 1920

Re: Online classes?

You might check out Coursera . The classes they offer are all through regular universities, and the one I took was both rigorous and excellent. They're also free, which is pretty amazing. I'd avoid any class or workshop offered someone who wants to sell you something (which often includes brokers)....
by Austintatious
Mon Aug 18, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Online classes?
Replies: 14
Views: 1920

Re: Online property tax payment lost

I want a receipt in hand reflecting that I've paid my property taxes. That's why I go to the trouble to pay in person.
by Austintatious
Sun Aug 17, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online property tax payment lost
Replies: 23
Views: 1398

Re: Online property tax payment lost

If it's not resolved in a reasonable manner, try calling your county commissioner. He or she will likely be sensitive to the fact that you, your family and your friends vote. Hopefully, the commissioner's (more likely, his assistant) will try to help you get it resolved.
by Austintatious
Sun Aug 17, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online property tax payment lost
Replies: 23
Views: 1398

Re: Retirement Party Discussions

Thanks for that link Austintatious. I recalled that he had made such a statement in the past and your link must have been it. So, if you keep rebalancing, you will be cutting into your long-term returns. Now you will take on more volatility. I'm not a big fan. I don't object to it at all. But I thi...
by Austintatious
Sun Aug 17, 2014 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4134

Re: Vanguard Bond funds Style change

I fear that I'm responsible for that word "extreme" being in this discussion, darn it. The word/label actually used by Mstar on their style box is "extensive", though I'm not sure that there's a meaningful difference.
by Austintatious
Sun Aug 17, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Bond funds Style change
Replies: 19
Views: 1827

Re: Retirement Party Discussions

Here's a dated Morningstar interview with Bogle that includes his perspective on rebalancing. http://www.morningstar.com/cover/videocenter.aspx?id=397705 My recollection is that he's said, more than a few times, that he's not a big fan of rebalancing, but that he's not adamantly opposed to it, and I...
by Austintatious
Sun Aug 17, 2014 2:45 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4134

Re: Implementing Two-Factor Authentication for Fidelity Acco

Actually, Vanguard does offer a form of two factor authorization, by allowing the investor to restrict access to accounts only from a specified computer. The downside, of course, would be that one could not access accounts when that device is not readily available but the capacity to prevent others...
by Austintatious
Sun Aug 17, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 11300

Re: Vanguard Bond funds Style change

I guess my question is whether it's reasonable or even accurate (for want of better words) to categorize Total Bond Market as having an extensive interest-rate sensitivity. As someone recently and fairly reminded me on this forum, words have meaning. I understand that there's been some duration cree...
by Austintatious
Sun Aug 17, 2014 11:44 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Bond funds Style change
Replies: 19
Views: 1827

Re: Vanguard Bond funds Style change

While I understand (I think) just what Doc meant with his OP and it is a change worth noting, Morningstar actually uses the phrase "interest-rate sensitivity" with regard to that horizontal line of its style box. They don't expressly refer to the "term" of the fund, be it short, ...
by Austintatious
Sun Aug 17, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Bond funds Style change
Replies: 19
Views: 1827

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by Austintatious
Sun Aug 17, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1367

Re: Implementing Two-Factor Authentication for Fidelity Acco

Actually, Vanguard does offer a form of two factor authorization, by allowing the investor to restrict access to accounts only from a specified computer. The downside, of course, would be that one could not access accounts when that device is not readily available but the capacity to prevent others ...
by Austintatious
Sat Aug 16, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 11300

Re: VTSMX vs VTSAX

Vanguard typically offers different "classes" of shares of each fund, and it can be confusing until one figures that out and that they're really the same fund. Most of Vanguard's funds, like VTSMX, require a $3,000.00 minimum purchase. $3,000 allows you to purchase the "investor"...
by Austintatious
Fri Aug 15, 2014 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs VTSAX [Total Stock Market, Investor vs. Admiral]
Replies: 11
Views: 1192

Re: Why would a passive investor use ETFs?

You've made some good arguments for using ETFs. Why aren't they more prevalent here? Most people I see are using mutual funds. I'd consider changing my roll over to the 4 fund lazy plan plus Reit but I may have to think on it more. I don't see much downside here. I wonder if they're more frequently...
by Austintatious
Thu Aug 14, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Vanguard Lost My Account

I've always thought the possibility of something like this happening, however remote based on the numbers, is a good reason to keep copies of at least quarterly, if not monthly, statements of one's accounts. That said, I've not been as diligent as I should have been in making those copies. And, that...
by Austintatious
Thu Aug 14, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 91
Views: 10398

Re: I...I don't even know where to begin.

Give consideration to the "all-in-one" funds at Vanguard, the Life Strategy and Target Date Retirement funds. Study the basic concepts of these all-in-one funds on this web site's wiki and then study the specific funds (and component funds) on the Vanguard web site. You'd enjoy a very broa...
by Austintatious
Tue Aug 12, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 2991

Re: Free Personal Finance course via Coursera

I have taken several Coursera courses. I have mixed feelings. If the lecturer is very dynamic and there are lots of interesting discussions in the forums it can be worth while. But in taking some courses I became aware of how much faster I can read than talk or listen. For lots of things it seems m...
by Austintatious
Mon Aug 11, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Personal Finance course via Coursera
Replies: 4
Views: 505
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