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Re: POLL: why carry cash?

About a year and a half ago, I forgot to stop by the ATM. I wound up using plastic for the rest of the day and didn't really miss the cash. A year and a half later I still haven't had a reason to use cash and haven't even touched any. And, since I have a cash-back card, I'm essentially paying a fine...
by CyberBob
Sat Apr 19, 2014 12:30 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 136
Views: 3121

Re: Only 3 Index Funds in Pension Plan, Can't Decide

I'm undecided because Jack Bogle in "Common Sense on Mutual Funds" recommends 80-100% US, but also recommends picking funds that have lowest expense ratios. I believe that Bogle's home-bias overweighting of US is from the standpoint of someone who lives in the US and spends in US dollars....
by CyberBob
Fri Apr 18, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Only 3 Index Funds in Pension Plan, Can't Decide
Replies: 6
Views: 578

Re: Please Help me understand 3-fund portfolio

There are two asset classes and three funds in the 3-fund portfolio. The asset classes are stocks and bonds. Within the stock asset class there are US stocks and international stocks, which are mutually exclusive. The bond/stock mix of a portfolio controls it's risk level. This is the most importan...
by CyberBob
Wed Apr 16, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Please Help me understand 3-fund portfolio
Replies: 21
Views: 2055

Re: Looking for Low-Cost Eyeglass Shop I can visit

msj16 wrote:I do not want to go online because I usually need to try on multiple frames before I like one.

I happened to hear on the Clark Howard radio show that Goggles4u lets you upload a photo of yourself so that you can virtually try on different frames. I haven't tried it, but it sure sounds cool!

Bob
by CyberBob
Tue Apr 15, 2014 11:54 pm
 
Forum: Personal Consumer Issues
Topic: Looking for Low-Cost Eyeglass Shop I can visit
Replies: 25
Views: 1415

Re: Computer Speakers

by CyberBob
Tue Apr 15, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Computer Speakers
Replies: 13
Views: 817

Re: Reits in VTSMX?

by CyberBob
Sat Apr 12, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reits in VTSMX?
Replies: 7
Views: 441

Re: Asset allocation vs. pooling for admiral shares

Our plan was to invest most of this money in the Total Stock Market Index Fund (expense ratio is 0.17%). However the admiral shares ($10,000 minimum) expense ratio is only 0.05%. Which, on the money you have invested would only be $10.20 a year. Nice, but maybe a higher priority should be diversifi...
by CyberBob
Sat Apr 12, 2014 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation vs. pooling for admiral shares
Replies: 9
Views: 788

Re: How to short?

In generic terms, your trading platform will have BUY and SELL options for normal long positions.

It will also have SELL SHORT, where you borrow shares that are immediately sold, and BUY TO COVER where you later buy shares to replace the ones originally borrowed and sold short.

Bob
by CyberBob
Fri Apr 11, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to short?
Replies: 14
Views: 1085

Re: Heartbleed Security Flaw

The latest Vanguard news release says they are safe from the bug: https://personal.vanguard.com/us/insigh ... heartbleed

Bob
by CyberBob
Thu Apr 10, 2014 11:27 am
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16061

Re: Was Wondering Why Windsor/Wellesley/Wellington?

Bogle does own the Vanguard Wellington fund: I own a lot because I started working at Wellington Management in 1951. We had a defined contribution pension plan, and 15% of my compensation went into that plan, which is entirely the Wellington Fund. I've been accumulating it for 60 years and I'm not a...
by CyberBob
Wed Apr 09, 2014 7:59 pm
 
Forum: Investing - Theory, News & General
Topic: Was Wondering Why Windsor/Wellesley/Wellington?
Replies: 28
Views: 3418

Re: VTI vs VTSMX

VTI's price is today's price. But since funds are only priced once a day, VTSMX's price hasn't been updated yet and is still showing the price for yesterday.

Bob
by CyberBob
Wed Apr 09, 2014 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: VTI vs VTSMX
Replies: 5
Views: 478

Re: Ages of the Investor

Bernstein has also said this in a previous post regarding a safe cash/bond hoard:

1) Pre-retirement: The smaller of a) 25% of your portfolio (short bonds count) or b) 5 years living expenses
2) Retirement: Residual *basic* living expenses (after SS + pensions) for 20 years.

Bob
by CyberBob
Fri Apr 04, 2014 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ages of the Investor
Replies: 3
Views: 639

Re: Buying for someone who "has everything"

One thing that works is to buy something consumable, so even if you already have it, you will use it up. It could be things like a bottle of wine, a gift package of nuts or cheese, etc. Jeff This ^ And over the course of a few years, minimize and downsize even this until your gift is finally just y...
by CyberBob
Fri Apr 04, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 2292

Re: Vanguard Target Date funds - stair step vs slope

I was surprised that the long range funds didn't have a much high asset allocation in Total Stocks. Do you mean overall stock allocation? If so, don't forget the international stock portion. If you add together the U.S. and international stock allocations, you will find that Target Retirement funds...
by CyberBob
Fri Apr 04, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date funds - stair step vs slope
Replies: 9
Views: 682

Re: "John Bogle: Vanguard Founder Discusses How To Invest"

Great classic Bogle: "The stock market is not what creates value. Value is created by corporate America."

Bob
by CyberBob
Thu Apr 03, 2014 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: IBD's interview John Bogle [Investor's Business Daily]
Replies: 24
Views: 1900

Re: reading advice for an ambitious woman in her early 20s?

Bill Bernstein just released a new, free e-book for millennials.

viewtopic.php?f=2&t=136330&newpost=2013580

Bob
by CyberBob
Mon Mar 31, 2014 8:42 pm
 
Forum: Personal Consumer Issues
Topic: reading advice for an ambitious woman in her early 20s?
Replies: 32
Views: 2273

Re: Dave Ramsey on Bonds

I think Dave's reasoning on limiting bonds in your portfolio is quite suspect. However, in a roundabout way, he essentially arrives at a similar conclusion as Warren Buffett. That is, that volatility isn't the best measure of risk. Inflation loss is a greater risk. Warren Buffett states it more eloq...
by CyberBob
Sat Mar 29, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey on Bonds
Replies: 17
Views: 3485

Re: good excel app for iPad?

JupiterJones wrote:Don't forget VisiCalc--arguably the first electronic spreadsheet.

You don't have to forget VisiCalc. It's still available!
http://www.bricklin.com/visicalc.htm

Bob
by CyberBob
Thu Mar 27, 2014 11:42 pm
 
Forum: Personal Consumer Issues
Topic: good excel app for iPad?
Replies: 28
Views: 2311

Re: Bernstein on TIPS ladder vs TIPS fund

This Bernstein Morningstar interview is pretty interesting too, regarding bonds: What's the Purpose of Your Fixed-Income Holdings?

Bob
by CyberBob
Thu Mar 27, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bernstein on TIPS ladder vs TIPS fund
Replies: 25
Views: 2137

Re: Convince me to get a credit card

More and more gas stations are charging extra for CCs, and I can't blame them due to the CC fees but I thought it was illegal? Ah, but they aren't actually charging extra for using a credit card. What they are doing is offering a discount for cash. Same difference to us, but apparently it doesn't u...
by CyberBob
Tue Mar 25, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 5000

Re: Problem with ® mark

Code: Select all
http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit


Equals

http://www.bogleheads.org/wiki/Boglehea ... art-up_kit

See http://en.wikipedia.org/wiki/Percent-encoding

Bob
by CyberBob
Tue Mar 25, 2014 5:33 pm
 
Forum: Forum Issues and Administration
Topic: Problem with ® mark
Replies: 3
Views: 323

Re: Convince me to get a credit card

Jeff7 wrote:And I get credit card offer mailings by the truckload now.

http://www.optoutprescreen.com/

Bob
by CyberBob
Mon Mar 24, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 5000

Re: Convince me to get a credit card

Debit cards are dangerous, no protections whatsoever! Let's not spread disinformation here. According to the law, the Electronic Funds Transfer Act (EFTA), Electronic Fund Transfers (Regulation E) Section 1005.6 Liability of Consumer for Unauthorized Transfers 6(b)(3) limits your debit/ATM card lia...
by CyberBob
Mon Mar 24, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 5000

Re: Paying by Tablet

It's nice, though, that they brought it to your table. That way your card doesn't leave your sight. It seems that stolen card numbers are often thought to be the result of skimmers that record your card information while it's out of your control.

Bob
by CyberBob
Sun Mar 23, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Will this affect your Tipping? [Suggested Tip Amounts]
Replies: 123
Views: 7551

Re: Another Roku question

All current Roku boxes have wireless networking capability. Do you have Wi-Fi in your house?

Bob
by CyberBob
Sat Mar 22, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Another Roku question
Replies: 6
Views: 838

Re: Help me settle a debate -- Risk in Retirement

So Jack Bogle says to take into account pensions and Social Security when choosing your 'age in bonds' asset allocation. Some assumptions: your income is $150,000 a year. I figured this by using a fairly common $50k per million spending, and you mention $3 million. Hopefully this isn't wildly incorr...
by CyberBob
Fri Mar 21, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: Help me settle a debate -- Risk in Retirement
Replies: 61
Views: 4218

Re: You can lead a horse to water...

The only time I got this to work was once when a broke person caught me reading Dave Ramsey's book The Total Money Makeover . The book wasn't even mine, I just happened to pick it up and was browsing through it. We engaged in a brief conversation where I said the book was pretty good (it's got a lot...
by CyberBob
Thu Mar 20, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: You can lead a horse to water... [Giving financial advice]
Replies: 44
Views: 4136

Re: The Intelligent Investor

From Warren Buffett's 2013 Berkshire Hathaway letter: And now back to Ben Graham. I learned most of the thoughts in this investment discussion from Ben’s book The Intelligent Investor, which I bought in 1949. My financial life changed with that purchase. Before reading Ben’s book, I had wandered aro...
by CyberBob
Mon Mar 17, 2014 11:03 pm
 
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 3294

Re: How much do you make a year in Dividends?

FinancialDave wrote:...just shy of 7.4%.

Greek junk bonds?
by CyberBob
Mon Mar 17, 2014 10:54 pm
 
Forum: Investing - Theory, News & General
Topic: How much do you make a year in Dividends?
Replies: 72
Views: 5681

Re: The Intelligent Investor

Graham liked to view relative values between stocks and bonds by comparing stock earnings yield (inverse of P/E) with bond yield. So, using some representative funds... Vanguard Large-Cap Index Fund Admiral Shares (VLCAX), earnings yield 5.32% Vanguard Intermediate-Term Bond Index Fund Admiral Share...
by CyberBob
Mon Mar 17, 2014 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 3294

Re: Buffet goes Bogle-how would the man invest at my age?

Have you read Buffett"s latest 2013 Berkshire Hathaway letter? In his will he talks about a trustee managing money for his widow and having the money invested 10% in short-term government bonds and 90% in an S&P 500 index fund. I don't see why he wouldn't do the same for himself. Read his 2...
by CyberBob
Mon Mar 17, 2014 12:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Buffet goes Bogle-how would the man invest at my age?
Replies: 2
Views: 667

Re: Trusteer Rapport: Liteweight Security Software

Krebs on Security has an interesting article on what it is and does:

http://krebsonsecurity.com/2010/04/a-cl ... -trusteer/

Bob
by CyberBob
Sat Mar 15, 2014 8:35 pm
 
Forum: Personal Consumer Issues
Topic: Trusteer Rapport: Liteweight Security Software
Replies: 4
Views: 290

Re: Question about Target Date Holdings in a Taxable Account

In addition, the Total International Stock Index fund passes through to the investor a "Foreign Tax Credit" that you can report on your US Federal Tax Return. This credit will offset your US Income Tax. I do not believe this occurs with a Target fund as these funds are "fund of funds...
by CyberBob
Thu Mar 13, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Target Date Holdings in a Taxable Account
Replies: 5
Views: 330

Re: W. Buffett - Short-Term Gov. Bonds...

Here's a video where Buffett explains further. Essentially, the short bonds are to give a bit of a buffer from which to withdraw during bad market years. He also mentions a withdrawal rate of 3 or 4%.

http://video.cnbc.com/gallery/?video=3000251489

Bob
by CyberBob
Thu Mar 13, 2014 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: W. Buffett - Short-Term Gov. Bonds...
Replies: 15
Views: 1631

Re: Credit Usage With Only One Credit Card and Credit Score

According to MyFICO: There's no ideal utilization to shoot for, because as with most things, it depends on everything else on your report. But as a general rule, you want to try to keep your utilization on any one card, and across all of your credit cards, below 50% to avoid the risk of hurting your...
by CyberBob
Tue Mar 11, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Usage With Only One Credit Card and Credit Score
Replies: 6
Views: 438

Re: Stopping Junk Mail

Catalog Choice seems to work quite well, even for some non-catalog mailings.
Using it, I'm down to about 2 or 3 pieces of junk mail a year.

https://www.catalogchoice.org

Bob
by CyberBob
Tue Mar 11, 2014 12:42 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk Mail
Replies: 17
Views: 1132

Re: Bonds - What other fund?

Short-term government bond index fund (VSBSX).

Bob
by CyberBob
Sun Mar 09, 2014 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - What other fund?
Replies: 20
Views: 1456

Re: Staying the Course has never been harder

Great job you are living the high life keep it up! I believe the article you mention, Buffet said Vanguard 500 AND short term corp bonds. Actually, Buffett mentioned an S&P 500 index fund and short-term government bonds in the latest Berkshire Hathaway letter. Interesting that he said governmen...
by CyberBob
Sat Mar 08, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4635

Re: Staying the Course has never been harder

Keep in mind that Berkshire-Hathaway owns lots of bonds in its investment portfolios. There is a new article at Bloomberg that says because of low yields Buffett has cut bond allocation down to 14%. http://www.bloomberg.com/news/2014-03-06/buffett-cuts-bond-allocation-as-berkshire-warns-on-yields.h...
by CyberBob
Sat Mar 08, 2014 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4635

Re: Need help with TrueCrypt

I don't care that if someone steals my computer he or she might be able to reset my hard drive. I just want to make sure that my data is secure. Windows 7 Pro has Encrypting File System (EFS) built in. Just check the box in the properties of the folder that has all of your Top Secret stuff in it. h...
by CyberBob
Sat Mar 08, 2014 1:56 am
 
Forum: Personal Consumer Issues
Topic: Need help with TrueCrypt
Replies: 26
Views: 1108

Re: Take SS now or spend down saving & Delay Benefit

Financial guru Bill Bernstein had an interesting answer to the Social Security now/then question: There are two possible goals with SS: 1) buy the optimal amount of longevity insurance for a given input, or 2) optimize your total amount of SS benefits. Both are valid goals, but let's assume you want...
by CyberBob
Fri Mar 07, 2014 1:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Take SS now or spend down saving & Delay Benefit
Replies: 12
Views: 1126

Re: Domestic and International Allocation of Stocks

Check out the Vanguard paper Considerations for investing in non-U.S. equities (PDF).

https://personal.vanguard.com/pdf/icriecr.pdf

Bob
by CyberBob
Wed Mar 05, 2014 12:32 am
 
Forum: Investing - Theory, News & General
Topic: Domestic and International Allocation of Stocks
Replies: 3
Views: 480

Re: Vanguard 1099-B - "long term" loss reported for 5 month

Did you sell any of the same securities around April 2013? If you had a wash sale, the purchase date (for tax purposes) and cost basis of the April 2013 purchase gets adjusted. Indeed, this is apparently the case. I thought I understood how wash sales were reported, but apparently was mistaken as I...
by CyberBob
Mon Mar 03, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 674

Re: finding ways to save money

I take home made or left overs for lunch. We have Keurig coffee make, and rather than buy the k-cups, we just get generic coffee, and use the grey cup, that saves a ton. Please elaborate on the "grey cup". Is that a reusable cup that fits the Keurig? Keurig My K-Cup: http://www.keurig.com...
by CyberBob
Mon Mar 03, 2014 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: finding ways to save money
Replies: 39
Views: 3436

Re: Is John Bogle Wrong on Retirement Asset Allocation?

devotee wrote:It said to take the total of your annual pension and Social Security payments, multiply by 15 (why, I don't know) and add the result to your fixed income.

The inverse of 15 gives you 6.67%, which is a ballpark payout a 65 year old man would get buying an immediate annuity.

Bob
by CyberBob
Mon Mar 03, 2014 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is John Bogle Wrong on Retirement Asset Allocation?
Replies: 43
Views: 4829

Re: Does Buffett disagree with 3-fund portfolio?

You should check out the 2011 Berkshire Hathaway letter. Specifically, the section starting halfway down page 17 entitled The Basic Choices for Investors and the One We Strongly Prefer.

http://www.berkshirehathaway.com/letters/2011ltr.pdf

Bob
by CyberBob
Sun Mar 02, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Does Buffett disagree with 3-fund portfolio?
Replies: 27
Views: 2151

Re: Warren Buffett's new letter

?..BRK vs the S&P 500. I arbitrarily picked the time period from 2000 to now. I can tell you that BRK is WAY behind the S&P 500, something like 4 fold less growth. From Morningstar, for the period 3/1/2000 to 3/1/2014 they show a $10,000 investment growing to: $17,357.41 VFINX (Vanguard 500...
by CyberBob
Sun Mar 02, 2014 12:34 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's new letter
Replies: 13
Views: 1489

Re: Warren Buffett's portfolio for his wife: Vanguard index

Personally, I like the 2011 letter with the section The Basic Choices for Investors and the One We Strongly Prefer . The giant block of gold, and his lack of interest in it, is telling. A giant block of gold or 400 million acres of farmland and 16 ExxonMobil's with cash left over? "If you own o...
by CyberBob
Sat Mar 01, 2014 8:16 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's portfolio for his wife: Vanguard index fund
Replies: 70
Views: 10203
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