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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: 9
Views: 234

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: 1031

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: 23
Views: 1959

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: 2426

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: 1526

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: 74
Views: 4789

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: 74
Views: 4789

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: 1403

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: 2381

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: 74
Views: 4789

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: 74
Views: 4789

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: 1889

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: 2381

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: 1886

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: 1886

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: 1380

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: 1380

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: 3839

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: 1781

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: 3839

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: 43
Views: 10573

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: 1781

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: 1781

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: 1336

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: 43
Views: 10573

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: 1174

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: 3656

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: 10160

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: 2961

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: 498

Re: Free Personal Finance course via Coursera

I'm sure the course topics will be way too introductory for people on this board. As for the speed of online courses, I discovered if it was a topic i'd like that cranking up the speed to 1.5x or 2x helped lectures where the lecturer was very repetitive or spoke slowly. There was one on constitutio...
by Austintatious
Mon Aug 11, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Personal Finance course via Coursera
Replies: 4
Views: 498

Re: Does domestic over weighting qualify as active managemen

I think johhno has it right. Though we might not appreciate it, some form or other of active management is inescapable. I remembered reading this article by Rick Ferri, discussing much the same thing. http://www.rickferri.com/blog/strategy/passive-investing-doesnt-exist-but-so-what/ Now, Rodc sugges...
by Austintatious
Mon Aug 11, 2014 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: Does domestic over weighting qualify as active management?
Replies: 26
Views: 1207

Free Personal Finance course via Coursera

If you've ever signed up for a course through Coursera, you're likely receiving emails about future offerings that might be of interest to you. I received such an email recently about an offering starting on August 20 and running though October 15, a Personal & Family FinanciaI Planning course. ...
by Austintatious
Mon Aug 11, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Personal Finance course via Coursera
Replies: 4
Views: 498

Re: Does domestic over weighting qualify as active managemen

So Mike himself says (and he might well pop in here to clarify): I don’t have any strong opinion on whether the domestic tilt of the LifeStrategy portfolio (i.e., the fact that the LifeStrategy funds overweight domestic stocks and underweight international stocks relative to their market capitaliza...
by Austintatious
Mon Aug 11, 2014 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: Does domestic over weighting qualify as active management?
Replies: 26
Views: 1207

Re: Does domestic over weighting qualify as active managemen

I've revisited the link and I think it should work properly now.
by Austintatious
Mon Aug 11, 2014 12:28 pm
 
Forum: Investing - Theory, News & General
Topic: Does domestic over weighting qualify as active management?
Replies: 26
Views: 1207

Does domestic over weighting qualify as active management?

Mike Piper discusses this question asked by a reader of his Oblivious Investor blog. http://www.obliviousinvestor.com/ There's been lots of Boglehead discussion, of late, on the subject of international stock investing and even on investing in international bonds. A reader of Mike's blog has asked i...
by Austintatious
Mon Aug 11, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: Does domestic over weighting qualify as active management?
Replies: 26
Views: 1207

The Bogle way confirmed, yet again

I just came across this quick read on Market Watch discussing Jack Bogle's passive investing "legacy". In an industry where some seem to go out of their way to discredit the man and his approach to investing, it's nice to see credit given where credit is clearly due. http://www.marketwatch...
by Austintatious
Thu Aug 07, 2014 12:39 pm
 
Forum: Investing - Theory, News & General
Topic: The Bogle way confirmed, yet again
Replies: 0
Views: 590

Re: Vanguard sued for charging too little

It's difficult to imagine that, over the years, Vanguard's management hasn't thoroughly considered the legal and the tax consequences of its business model, and concluded that it's all up to snuff.
by Austintatious
Tue Aug 05, 2014 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19162

Re: Footwear in Vietnam

I agree. Buy something there. If you are female, you could consider something like this http://www.zappos.com/sanuk-laurel-beige I think there may be a male version too. They weigh practically nothing and take very little space. Note: these are shoes built for people who believe that healthy feet d...
by Austintatious
Tue Aug 05, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: Footwear in Vietnam
Replies: 25
Views: 2112

Re: International Exposure??

In case you haven't seen this thread, for a pretty interesting discussion of having international (or not), see

viewtopic.php?f=10&t=143927&newpost=2144070
by Austintatious
Mon Aug 04, 2014 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Exposure??
Replies: 3
Views: 299

Re: International investing. A good call by our mentor.

Always interesting around this forum. One big thread trumpeting domestic stocks, and another trying to dissuade us from US equities due to the attractive valuations of both DM and EM international. From my standpoint, I think the question of international investing is better approached as a "w...
by Austintatious
Mon Aug 04, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 145
Views: 12293

Re: What is your most memorable 1 week vacation?

DFrank, night time there must be incredible - can't imagine the night sky you'd see. What the name of the rig your towing? Is it Australian? Thanks. Yes, the night skies in south-central Utah are amazing. Natural Bridges National Monument, which is nearby, was the first International Dark Sky Park....
by Austintatious
Mon Aug 04, 2014 3:26 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 85
Views: 6553

Re: International investing. A good call by our mentor.

You guys have almost convinced me to change my international allocation from 30% to 40%... Does that make me a bad Boglehead? :D Almost. This is a very informative thread. Please keep it going. Yes, it has been a quite informative thread. Thank you, Taylor Larimore, for the OP. Though I couldn't be...
by Austintatious
Mon Aug 04, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 145
Views: 12293

Re: What is your most memorable 1 week vacation?

A trip to the backcountry of the Maze District in Canyonlands National Park. 35 miles of dirt roads before you get to the entrance station, and then another 40 miles into the back of beyond. Probably the most remote area in the lower 48, with scenery to match. View from our first campsite: http://c...
by Austintatious
Sun Aug 03, 2014 8:12 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 85
Views: 6553

Re: International investing. A good call by our mentor.

Andrew Tobias in his classic book "The Only Investment Guide You'll Ever Need" makes a really good point. Stock markets of different countries move up and down somewhat independent of each other. A U.S. investor in 1929 who was wise enough to place 50% in foreign stocks would have needed ...
by Austintatious
Fri Aug 01, 2014 2:24 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 145
Views: 12293

Re: Vanguard sued for charging too little

A more recent article in the Philadelphia Inquirer.

http://articles.philly.com/2014-07-30/n ... idance-tax
by Austintatious
Thu Jul 31, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19162

Re: Old people and financial advisors - a family tale

A sad and frustrating experience, to be sure, but not really surprising. But I sure wouldn't limit this kind of response to the aged. I suggest that a quite similar reaction would be just as likely in the very same experiment except we swap the 81 year old for one of 41 years.
by Austintatious
Sat Jul 26, 2014 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5686

Re: Please recommend a low fee index fund with no min. inves

If you haven't already done so, you might check out the Wise Banyan website. It's a new investment advisor firm that is offering a portfolio of very low cost index fund ETF's that is typically put together based on answers to a series of questions asked of the investor in an effort to determine her ...
by Austintatious
Wed Jul 23, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please recommend a low fee index fund with no min. invest.
Replies: 15
Views: 1521

Re: Q&A with the Experts at 2014 Bogleheads Conference

It's endlessly argued, but I think there is a great deal of support in the Bogleheads forum for some degree of "tilt"--expanding on Total Stock, for example by adding extra allocations to small value and REITs. Yet Vanguard's all-in-one funds--Target Retirement and LifeStrategy--do not do...
by Austintatious
Mon Jul 21, 2014 9:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Q&A WITH THE EXPERTS AT THE 2014 BOGLEHEADS CONFERENCE
Replies: 36
Views: 10297

Re: Best CC for (new) purchases

The Capital One Quicksilver card pays 1.5 % on everything. No annual fee. It's a very well managed program.
by Austintatious
Mon Jul 21, 2014 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 3180
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