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Re: Retirement luxury vehicle

I recently bought a CPO 2011 Lexus RX350. ... the initial asking prices were exaggerated. Negotiating quickly knocked off 15% from the asking prices which were already lower than new. Thus I think 30% off of new for a 3-year-old CPO RX350 is easily possible, but at first glance it doesn't look poss...
by Bustoff
Wed Aug 20, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4420

Re: When did you downsize?

Sheepdog wrote:I never upsized....didn't need to. It was not that I didn't want to..just that I didn't need to.

+1
The older we get, the more we want to minimize and reduce clutter.
by Bustoff
Sun Aug 17, 2014 9:09 am
 
Forum: Personal Consumer Issues
Topic: When did you downsize?
Replies: 35
Views: 3236

Re: Moving after retirement.

For reasons too numerous to expound upon, my advice is to RENT first.

You can rent a condo for a couple of months in Florida, or wherever your snowbird wings desire to fly much cheaper than owning. Renting also gives you the option to try different places for a few years and see what appeals to you.
by Bustoff
Sun Aug 17, 2014 8:59 am
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 3581

Re: Vanguard Lost My Account

Has anybody called Vanguard and asked them to disclose their protocol for compromised accounts, and/or, if that protocol is consistent with OP's experience ?
by Bustoff
Sun Aug 17, 2014 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 91
Views: 10045

Re: Retirement luxury vehicle

Something big.
I see lots of elderly folks driving the Mercury Grand Marquis.
by Bustoff
Sun Aug 17, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4420

Re: Vanguard Lost My Account

Thank you for sharing your experience.

I'm logging into Vanguard right now and switching my mailing preferences back to U.S. Mail.
by Bustoff
Sat Aug 16, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Lost My Account
Replies: 91
Views: 10045

Re: Market valuation analysis

Read "Margin of Safety" by Seth Klarman.
by Bustoff
Sat Aug 16, 2014 7:00 am
 
Forum: Investing - Theory, News & General
Topic: Market valuation analysis
Replies: 36
Views: 1662

Re: Selling House - Do We Need a Listing Broker?

We did fine without an agent. A lot depends on your circumstances.
Our biggest advantage is that we were in no rush. That put us in a position to dismiss cheesy buyers agents. We also had good visibility as there were always other homes for sale in our subdivision that brought in potential buyers.
by Bustoff
Mon Jul 28, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2764

Re: Should market valuations be completely disregarded?

As the market advances, he will from time to time makes sales out of his stock holdings, putting the proceeds into bonds; as it declines he will reverse the procedure. These activities will provide some outlet for his otherwise too-pent-up energies. If he is the right kind of investor he will take ...
by Bustoff
Sun Jul 27, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Should market valuations be completely disregarded?
Replies: 50
Views: 3935

Re: Bond funds- your percentage of intermediate vs. short-te

Sometimes I question why I invest in the Vanguard Total Bond Fund with an SEC yield of 1.98% on average maturity of close to 8 years when you can get at least 2.25% on a 5-year CD and eliminate the risk.
by Bustoff
Tue Jul 22, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1170

Re: Can it be wrong to be too risk averse?

My brother ... is very risk averse and invests only in very high rated bonds (mostly muni bonds). He knows he is leaving profits on the table, and he knows these investment choices offer higher than 0% risk. He has a good job, quite secure, and he is a decently frugal person. He points out that a l...
by Bustoff
Tue Jul 22, 2014 8:05 am
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2410

Bond funds- your percentage of intermediate vs. short-term?

Hello, Are there any recommendations for the percentage of intermediate-term-bond funds vs short-term-bond funds? For instance, if one is 30/70 stock/bond, is there any guidance as to the percentage that should be in intermediate-term-bond funds vs short-term-bond funds? I'm curious because it appea...
by Bustoff
Mon Jul 21, 2014 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1170

Re: How many Bogleheads golf?

Been playing golf for years. It's a great way to spend a few hours outdoors.
by Bustoff
Mon Jul 14, 2014 9:33 am
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4433

Do TIPS protect against increases in Food and Energy.

Does a Liability Matching Portfolio consisting of TIPS protect against inflation from food and energy? I ask because I'm under the impression that "food and energy" are not taken into account when the government calculates inflation. As most of my basic expenses consist of food and energy,...
by Bustoff
Sat Jul 12, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Do TIPS protect against increases in Food and Energy.
Replies: 6
Views: 1162

Re: Retired Bogleheads want to relocate to California

Really enjoying all the viewpoints, especially the interesting suggestions for various locations and towns in CA, many of which sound pretty cool. I like the suggestions to rent as it offers a lot of flexibility. For the time being, maybe starting with some short term rentals would give us a chance ...
by Bustoff
Mon Jun 30, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Best Road Trip Vehicle

Rental is the way to go. Get a couple of trips under your belt and you will be in much better shape to decide. You soon will be the expert answering questions like this. Kind of expensive. This is Alamo's rate for a small SUV --Toyota RAV4 or similar. After a couple of trips at those rates I will n...
by Bustoff
Fri Jun 27, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2786

Re: Best Road Trip Vehicle

But you don't want something so huge that it's difficult to drive. It's not a matter of "camping"; it's a matter of having the freedom to stay near somewhere interesting when it's late, you're tired, and there's no other lodging available. It would be really nice to have the ability to bo...
by Bustoff
Fri Jun 27, 2014 6:54 am
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2786

Re: Best Road Trip Vehicle

We are trying to decide between a Van or an SUV for these trips. Not planning on doing any camping, at least no tent camping. Maybe a night or two in a cabin, but I'm not planning on roughing it. If I have to sleep outside, I need a fire and a bottle of B&B.
by Bustoff
Thu Jun 26, 2014 2:49 am
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2786

Best Road Trip Vehicle

What is the best vehicle, for extended road trips to National Parks out west. Retired, no kids.
Would it be better to buy new or used ?
by Bustoff
Thu Jun 26, 2014 1:58 am
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2786

Sharpe Ratios for Vanguard Bond Funds.

Below are 3-Year Trailing Sharpe Ratio's for some Vanguard Bond Funds contrasting ratio's from last year and this year. All the ratio's deceased substantially from Jan. 2013. Anyone know why this is? Anyone? Bueller? 1/31/13 5/31/14 3-Year Trailing Sharpe Ratio Sharpe Ratio VBMFX- Total Bond Fund 1....
by Bustoff
Wed Jun 25, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Sharpe Ratios for Vanguard Bond Funds.
Replies: 1
Views: 366

Re: Liability Matching Portfolio? Really?

As I understand this you have the LMP and RP. Lets say you have basic expenses that that run at 40K per year. Thus, a sixty-year-old would need a 30 year LMP that amount to 1.2M allocated to SPIA's or TIPS simply for the LMP side. Is that the basic idea? Bustoff: That is how I implemented the Berns...
by Bustoff
Tue Jun 24, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 71
Views: 7032

Re: "William Sharpe: An unsung hero of passive investing"

Thanks for posting Taylor.

Speaking of Sharpe, is there anyplace that lists Sharpe ratios for Vanguard Bond funds?
by Bustoff
Tue Jun 24, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: "William Sharpe: An unsung hero of passive investing"
Replies: 9
Views: 1113

Re: Liability Matching Portfolio? Really?

As I understand this you have the LMP and RP.
Lets say you have basic expenses that that run at 40K per year. Thus, a sixty-year-old would need a 30 year LMP that amounts to 1.2M allocated to SPIA's or TIPS simply for the LMP side.
Is that the basic idea?
by Bustoff
Tue Jun 24, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 71
Views: 7032

Re: Investment Withdrawals - Behavioral Aspect

This is a general question, I'm still in the accumulation stage, but does anyone get a queasy feeling when making withdrawals from their investment accounts (retirement, taxable, etc.)? I mean, after x years of working,saving and budgeting and more working, saving and budgeting how does one go from...
by Bustoff
Tue Jun 24, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Investment Withdrawals - Behavioral Aspect
Replies: 14
Views: 974

Re: Wind blew off shingles, now roof is leaking!

I'd say you're out of luck. The insurance company held up their end of the deal by cutting you a check. You didn't get the work done. Kosmo - What's the time limit ? If there is a time limit it was not disclosed to me. I'm not denying my difficulty finding a trusted contractor contributed to the pr...
by Bustoff
Sun Jun 22, 2014 2:43 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1457

Re: Wind blew off shingles, now roof is leaking!

I guess this is my punishment for being too cautious. Our last roofer did a lousy job and we have had problems as a result. I have very little trust with home improvement contractors.
by Bustoff
Sun Jun 22, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1457

Re: Wind blew off shingles, now roof is leaking!

So your roof has gone unrepaired for approximately 4 months so far and the only thing protecting it is a temporary tarp which hasn't been touched or adjusted since it was put in place? Yes. And my concern is the insurance company will say it's my fault for not getting the roof repaired in a timely ...
by Bustoff
Sun Jun 22, 2014 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1457

Re: Wind blew off shingles, now roof is leaking!

Did you have the roof repaired in a timely manner back in March? No, but for a good reason. We had some trouble getting some contractors to give us a bids. Some said they did not want to get involved with competitive bidding. My understanding was they would only do the work if we submitted our clai...
by Bustoff
Sun Jun 22, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1457

Wind blew off shingles, now roof is leaking!

At the end of February a wind storm blew some shingles off our roof. The insurance company sent a restoration company out to tarp that section of the roof. The area consisted of about six sq. ft. and was located just above two skylights. The insurance company then sent an adjuster who issued a check...
by Bustoff
Sun Jun 22, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1457

Re: Retired Bogleheads want to relocate to California

I checked out housing prices in Riverside county after a friend of mine moved to CA. He came into to some money and initially bought a $400K home near Palm Springs. A few years later, he opted to downsize and moved into a much smaller place in Morongo Valley, which cost under $100K. It's only about...
by Bustoff
Sun Jun 22, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Retired Bogleheads want to relocate to California

Another possibility: Kernville (adjacent to the Sequoia National Forest about 1 hour from Bakersfield which has air connections to large west coast hubs like Houston, Denver, and Phoenix) You will definitely find comfortable houses in the $250-300K range here -- and much less if you want a more rus...
by Bustoff
Sun Jun 22, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Retired Bogleheads want to relocate to California

Really appreciate the thoughts and suggestions. We are trying to think a little more outside the box by considering neighboring states. You can get similar climate and resources elsewhere and live a far better lifestyle , IMO, and have plenty of extra cash around to visit whenever you want. Details ...
by Bustoff
Sun Jun 22, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Retired Bogleheads want to relocate to California

$750,000 Condos !!! I would never be able come here and agonize about investing because there would be nothing left to invest...it would all be in the condo :shock: For years we worked and saved with the hope of retiring in California. I am not trying to pick on you, but I am having trouble reconci...
by Bustoff
Sun Jun 22, 2014 12:03 pm
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Retired Bogleheads want to relocate to California

You need to analyze what it is about California that you seek? Mainly the climate and geographic diversity. Where we live in the midwest the winters are cold and the summers are unbearably hot and humid. Played golf on Thursday but it was so hot and humid it's not enjoyable -- and it's only June. I...
by Bustoff
Sun Jun 22, 2014 11:43 am
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Retired Bogleheads want to relocate to California

P.S. I think they still have trailer parks in HB, even some right along the beach. Is that boglehead enough for you? https://www.google.com/search?client=safari&rls=en&q=trailer+park+huntington+beach&ie=UTF-8&oe=UTF-8 Yes they are still there. I don't think the wife would go for it ...
by Bustoff
Sun Jun 22, 2014 11:12 am
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Retired Bogleheads want to relocate to California

Is the price of your house really what defines a boglehead? I thought it was more along the lines of live below your means, use low cost funds for investing, etc. Agree 100%. I was hoping that's what my post conveyed. Here are some nice condos built in 2000 only blocks from the beach in HB that sol...
by Bustoff
Sun Jun 22, 2014 11:09 am
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Retired Bogleheads want to relocate to California

"And California Dreamin' is becoming a reality" .... NOT. For years we worked and saved with the hope of retiring in California. But due to the cost of housing we feel our dream is fading away. Last December we were back in Huntington Beach visiting family over the holidays. We love the c...
by Bustoff
Sun Jun 22, 2014 9:43 am
 
Forum: Personal Consumer Issues
Topic: Retired Bogleheads want to relocate to California
Replies: 109
Views: 6965

Re: Cost of car compared to Gross Income

During our working years we always bought new cars and drove them until they expired. We both worked so we needed two cars. Never had a clue as to cost as percentage of wages. Most of that time at least one car was a Honda Accord.
by Bustoff
Sun Jun 22, 2014 7:22 am
 
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 82
Views: 4659

Re: Any other retirees moving money out of Vanguard?

And my point was -- "you can create your own bond mix, and not abandon Vanguard." I don't claim that my way is the only or best way, just that Vanguard has such a wide selection of good inexpensive bond funds, plus anything you want to buy thru VBS (Vanguard Brokerage Services), that you ...
by Bustoff
Sat Jun 21, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Any other retirees moving money out of Vanguard?

... 60% in Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) (average duration 5.2 yrs). A lot of Bogleheads use Vanguard Intermediate-Term Investment-Grade Fund and/or the Short-Term Investment-Grade Fund. But what about experts like Swedroe and Bernstein who advocate keeping...
by Bustoff
Sat Jun 21, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Any other retirees moving money out of Vanguard?

But bond ratings do not represent absolute truth. You can't tell what a bond will do in the future any more than a stock. Intermediate Investment-Grade is Vanguard's classiest bond fund. How's that for a rating? I'm serious. If you can't see that this is a good fund then maybe you are not ready for...
by Bustoff
Sat Jun 21, 2014 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Any other retirees moving money out of Vanguard?

... 60% in Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) (average duration 5.2 yrs). A lot of Bogleheads use Vanguard Intermediate-Term Investment-Grade Fund and/or the Short-Term Investment-Grade Fund. But what about experts like Swedroe and Bernstein who advocate keeping...
by Bustoff
Sat Jun 21, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Any other retirees moving money out of Vanguard?

Appreciate all the replies.
There is currently another thread discussing CD's being used as fixed-income alternatives outside of Vanguard.

[Morningstar article] the best fixed income investment
by Bustoff
Sat Jun 21, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Best Fixed Income Investment - Morningstar article

SEC yield on Int-Term Inv-Grade, VFICX, is 2.54% (2.64% for Admiral shares, VFIDX), so you're only giving up 24-34 basis points for the CD. Whether or not the extra yield is worth the credit risk and much higher interest-rate risk is up to you. Personally I still hold some of this bond fund and som...
by Bustoff
Sat Jun 21, 2014 9:13 am
 
Forum: Investing - Theory, News & General
Topic: [Morningstar article] the best fixed income investment
Replies: 55
Views: 3911

Re: Best Fixed Income Investment - Morningstar article

In my Vanguard IRA I have short term investment grade fund and intermediate term investment grade fund. Does it make sense to replace either of these with 5 year CDs from Vanguard in the IRA brokerage account? IMO, it depends on your overall investment plan and how much extra work you're up for. Ow...
by Bustoff
Sat Jun 21, 2014 9:04 am
 
Forum: Investing - Theory, News & General
Topic: [Morningstar article] the best fixed income investment
Replies: 55
Views: 3911

Re: Any other retirees moving money out of Vanguard?

The Vanguard Target Retirement Income Fund is 30/70 but it has only 39.2% of assets in the Total Bond Fund: https://personal.vanguard.com/us/funds/snapshot?FundId=0308&FundIntExt=INT Not sure why, but I never spent much time considering an all-in-one-fund. I suspect the illusion of control has ...
by Bustoff
Fri Jun 20, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Any other retirees moving money out of Vanguard?

If you are that uncomfortable after all this time, you should change something. CDs seem like a good idea but what about other bond funds offered at VG such as corporates and TIPS? You've probably given these things some thought so I'm curious why those don't interest you for some of your bond allo...
by Bustoff
Fri Jun 20, 2014 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Any other retirees moving money out of Vanguard?

I can't find a comfort "zone" within Vanguard's fixed-income offerings. Retired a few years ago and being very risk averse settled on a 30/70 bond/equity allocation. Vanguard recommended the entire bond allocation go into the Total Bond Index Fund. I was never comfortable with the thought ...
by Bustoff
Fri Jun 20, 2014 7:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Any other retirees moving money out of Vanguard?
Replies: 54
Views: 6220

Re: Both funds have same Risk Level, which is safer?

I want to invest in the safer of these two funds. Vanguard Ltd-Term Tax-Exempt and Vanguard Short-Term Investment-Grade both have a risk level rating of 1. My rule of thumb is that munis are priced to have the same after-tax yield as corporate bonds in a 25% tax bracket. Since Short-Term Investment...
by Bustoff
Fri Jun 20, 2014 6:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Both funds have same Risk Level, which is safer?
Replies: 18
Views: 1193
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