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Re: Leon Cooperman giving the same advice as Warren

... Inflation certainly has the potential to hurt investments. Fears are overblown, IMO. Every indication is that central banks have the tools to stop inflation and are eager to do so, even at the cost of employment and economic growth. See the US and especially Europe. Even central banks trying to...
by Dale_G
Tue Oct 21, 2014 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 20
Views: 1471

Re: "Individual Retirement Annuity", Dump or what?

If mom never moved the money out of this company retirement plan it is probably just a 401k. My son has a 401k administered by John Hancock. In the literature Hancock refers to it in a few places as a "Group Annuity contract", but it is in fact a plain vanilla 401k. No sneaky fees, no surr...
by Dale_G
Mon Oct 20, 2014 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Individual Retirement Annuity", Dump or what?
Replies: 9
Views: 501

Re: Leon Cooperman giving the same advice as Warren

... If you're a long-term investor, a collapse in bond prices would be excellent news. If rates stay low, you get low returns. If rates rise, principal value goes down, but the increased interest makes up for it after a while, then you get the benefits of a higher returns going forward. ... I see t...
by Dale_G
Mon Oct 20, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 20
Views: 1471

Re: When to think about tax lost harvesting

I did tax loss harvesting in 2008/09 and have more losses than I will ever use up as deductions at ordinary income tax rates- unless I live to be about 140. I was generally able to return to my original fund allocation, except that I presently hold Vanguard's Large cap fund rather than Total Stock M...
by Dale_G
Sun Oct 19, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 7
Views: 638

Re: First investment strategy meeting with new FA, $6M trust

I hope the hundreds of hours expended so far have involved selling a business in Nepal, settling 10 years of unpaid taxes to the IRS and multiple states, disposing of a collection of rare wines, and coming to terms with a dozen or so previous husbands of grandma. There is nothing about the trusts as...
by Dale_G
Fri Oct 17, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: Market Slide Percentages?

Starting in May I have been dollar-cost averaging at the rate of $10,000-$20,000 per month into the equity market from matured CDs in order to get my AA to 40 stocks/60 bonds.(These were part of a windfall in 2012), I have subsequently "lost" most of that due to the recent market declines...
by Dale_G
Thu Oct 16, 2014 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market Slide Percentages?
Replies: 28
Views: 1850

Re: Taxable account and tax friendly options

Hi shilla - and welcome to the forum. Basically, you will want to fill your tax deferred accounts with the bond funds of your choice. Total Stock Market and Total International will go in your taxable account, and while you are working the balance of your bond allocation will go into munis. Nothing ...
by Dale_G
Thu Oct 16, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable account and tax friendly options
Replies: 5
Views: 563

Re: First investment strategy meeting with new FA, $6M trust

Regarding the FA's model portfolio. I can practically guarantee that the model portfolio will consist of funds that have outperformed the S&P500 over the past five years - maybe longer. The funds in the model portfolio were cherry picked from previous winners, so they will obviously come out on ...
by Dale_G
Thu Oct 16, 2014 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: How did you get from $1M to $10M

In last 4 years, I have relatively splurged on cars and a nice home . Been happy with my choices. Am grateful for what life has given me and continues to give. Now I want to hear others' views. TIA. Splurging is fine, but you may find the second million is harder than the first, particularly if you...
by Dale_G
Thu Oct 16, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 3976

Re: "Smart" Beta - general consensus?

Just marketing hype, as in, "New and Improved".

Dale
by Dale_G
Wed Oct 15, 2014 10:06 pm
 
Forum: Investing - Theory, News & General
Topic: "Smart" Beta - general consensus?
Replies: 8
Views: 505

Re: Pool gas heater makes banging noises

I agree with bbq, it sounds like delayed ignition. Maybe due to low/dirty pilot or dirty/corroded/misaligned electric ignition system. You might also hear a nice "whoosh" when the thing goes. A good cleaning is a start. I would consult with a gas furnace tech rather than a pool guy. Dale
by Dale_G
Tue Oct 14, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pool gas heater makes banging noises
Replies: 6
Views: 448

Re: Fidelity Investments Hacked

I decided a long time ago that putting all my investments in one firm was dangerous. Therefore, I have divided my investments between Vanguard and Fidelity. Last week, it was reported that Fidelity was hacked . The discussion on this has been one of silence. I have been issued two new credit cards ...
by Dale_G
Mon Oct 13, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Investments Hacked
Replies: 21
Views: 2482

Re: Practical Question on Tax Loss Harvesting

Right pdrieise, your $278 dividend will not be qualified if you sell now, but what counts is the difference between the probable 15% tax rate and your "ordinary" tax rate. If you are in the 25% tax bracket, it will cost you an additional $26.80 in taxes above the 15% rate - and VTSAX divid...
by Dale_G
Sun Oct 12, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Practical Question on Tax Loss Harvesting
Replies: 3
Views: 444

Re: Asset allocation - early retirement

I am a firm believer in equities in the taxable account and bonds in the tax deferred account to the extent possible given your asset allocation. For me, under present tax law, this results in minimum expected lifetime taxation for me and my heirs. And taxes are by far my largest single expense in r...
by Dale_G
Sun Oct 12, 2014 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation - early retirement
Replies: 10
Views: 1331

Re: Taxable Investment Acct - Cost Basis

... Having read your posts, I know you prefer Spec ID cost basis. But if I'm understanding you correctly above, Spec ID is not absolutely necessary for distinguishing between long-term or short-term gains ? And Vanguard will send you a 1099 which will show the long and short terms gains (or losses)...
by Dale_G
Sun Oct 12, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxable Investment Acct - Cost Basis
Replies: 9
Views: 774

Re: Retired and end of month checking account balance?

I keep about 7K in the checking accounts. All routine bill are on autopay and the in-go is about equal to the out-go. I check the account balance monthly, but there is plenty of slack in the account. I don't bother with keeping a check register or any kind of running balance, but in the far reaches ...
by Dale_G
Sun Oct 12, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1839

Re: Everything related to 1099 worker - tracking expenses et

...For figuring out the percent of house u use as business, do we measure the area he works in - desk etc and then figure where we would be able to divide it from the rest of the room and get the square footage and divide that by the finished sq footage of our house? Unfortunately, the area (room) ...
by Dale_G
Sat Oct 11, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Everything related to 1099 worker - tracking expenses etc
Replies: 27
Views: 1466

Re: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rat

I am renting now between homes, as I have done before and much prefer to own. The last home I had built, I lived in15 years. After adding up what I paid, and what I put in for maintenance, and adjusting for inflation, and subtracting closing costs, I still netted more than those costs. So basically...
by Dale_G
Fri Oct 10, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rates
Replies: 77
Views: 8730

Re: Bond Index Conundrum

I agree that a bond index does not make as much sense as a stock index. You should choose individual bond funds for your own situation. For example, I buy long-term bonds since I have a long horizon. I also buy junk bonds because they have higher risk/return and I have a long enough horizon to wait...
by Dale_G
Fri Oct 10, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Index Conundrum
Replies: 16
Views: 1952

Re: Is a fall in portfolio value "only on paper"?

Yes toto, a "paper" loss is a real loss, just as a "paper" gain is a real gain. There is no sense in fooling yourself.

Dale
by Dale_G
Wed Oct 08, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3601

Re: How much is your fixed income investment earning?

All dollar weighted:

SEC yield = 3.07%
Distribution yield = 3.48%
Duration = 6.5 years

No surprise, there is a little bit of junk in here.

Dale
by Dale_G
Tue Oct 07, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: How much is your fixed income investment earning?
Replies: 27
Views: 1764

Re: My CFP Plan

It sounds like a great idea. The only problem I see is that it may be difficult to find "good guys" to work with in order to gain the experience.

Good luck to you.

Dale
by Dale_G
Tue Oct 07, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: My CFP Plan
Replies: 10
Views: 1481

Re: Which funds to exchange first? (Taxable, high ER vs AA)

None of the expense ratios are outrageous. I would definitely focus on fixing the allocation issues while paying attention to the tax ramifications. For certain, stop reinvesting any dividends in the funds you don't want to keep.

Dale
by Dale_G
Mon Oct 06, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which funds to exchange first? (Taxable, high ER vs AA)
Replies: 4
Views: 431

Re: Unable to access Vanguard funds

If Vanguard is not doing what they need to resolve your account access, I would go straight to another company and transfer my accounts. Except that it may not be easy to transfer accounts that don't "exist". I'll grant you that I have never had this problem, but I suspect there is a comm...
by Dale_G
Mon Sep 29, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unable to access Vanguard funds
Replies: 6
Views: 548

Re: Fidelity Puritan in IRA after retirement

Puritan is a good fund, but tax efficiency in an IRA or 401k is meaningless because no taxes are due on the current income. Your plan to hold equity funds in the taxable account is correct from the tax efficiency standpoint. If you need to hold more bonds in the IRA/401k as a result to adding new fu...
by Dale_G
Mon Sep 29, 2014 1:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Puritan in IRA after retirement
Replies: 6
Views: 432

Re: Read too many books... help untangle

I've been investing for a long time, and my assets now amount to about 3 times my gross lifetime earnings as a wage slave. There was some stupidity in my early years and it was only in the last 25 years or so that low cost index investing became easily available. I never "tilted", the simp...
by Dale_G
Sat Sep 27, 2014 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Read too many books... help untangle
Replies: 48
Views: 3922

Re: Heating duct cleaning for an old house

Ive owned homes with forced air heating cooling for more than 40 years. At my wife's insistence I've occassionally pulled some of the registers and inspected the first 10 feet or so of the ducts. I've never found more than a few "dust bunnies". It is easy enough to take a look. In any case...
by Dale_G
Fri Sep 26, 2014 9:26 pm
 
Forum: Personal Consumer Issues
Topic: Heating duct cleaning for an old house
Replies: 3
Views: 353

Re: New VG upgraded account feature - shows "in progress"?

I won't be upgrading: You’ll no longer be able to receive Vanguard fund distributions by check, by automatic transfer to your bank account, or by automatic reinvestment into another Vanguard fund. If you currently use these services, after the upgrade we’ll move the Vanguard fund distributions to yo...
by Dale_G
Thu Sep 25, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: New VG upgraded account feature - shows "in progress"?
Replies: 13
Views: 1051

Re: Inheritance advice

regthirteen, take a really deep breath, then take another one for good measure. I am sure a whole lot of people in your situation with a big hunk of new money, and little investing experience, would have done exactly the same thing. There will be no lasting harm. For the time being leave the money i...
by Dale_G
Thu Sep 25, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheritance advice
Replies: 5
Views: 935

Re: 3 Fund Portfolio Vs. Vanguard Advisor Recommendations

JaneyLH, you have it about right. When experts disagree, it probably doesn't make much difference. Total Bond market is probably fine, but I own Intermediate Investment grade, High Yield, and Short Term Investment Grade in addition to Total Bond Market. The bond market is brutally efficient, so the ...
by Dale_G
Wed Sep 24, 2014 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio Vs. Vanguard Advisor Recommendations
Replies: 15
Views: 1678

Re: Employer finding out you have a financial cushion?

In my semi-grownup days (over the age of 30) I always made it a point to let my employer know that I worked for fun, not because I had to - as in, "When the fun stops, I stop working". It worked well for me, but maybe only because I never worked in later life for an outfit that based layof...
by Dale_G
Wed Sep 24, 2014 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8319

Re: Can anyone help w/ Debt & Credit Score?

snip .... but in general most people can negotiate their own settlements especially if we are just talking about a few accounts. Call up, tell them you're broke but can come up with a third of the bill if they will settle for that. Maybe they push and you agree to pay half. This is very bad advice ...
by Dale_G
Tue Sep 23, 2014 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can anyone help w/ Debt & Credit Score?
Replies: 19
Views: 1074

Re: Dan Wiener

And do not give him your email address. Following the link to "unsubscribe" in his emails doesn't unsubscribe. Apparently it just lets him know that your email address is live, so he redoubles his effort to ensnare you. I send his emails to "junk", but it is a waste of bandwidth....
by Dale_G
Tue Sep 23, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Dan Wiener
Replies: 19
Views: 2617

Re: Variable Annuity: add to it? why?

One thing I would consider consider is what the guaranteed interest rate is at the time of annuitization. Older contracts may have interest rates are above market at the time of annuitization. I am talking about actual interest rates rather than the phony-baloney rate of return that includes a retur...
by Dale_G
Sat Sep 20, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 593

Re: Estimated SS COLA for 2015

I wish my grocery store based prices on cpi :D

In any case I expect an increase in medicare insurance will eat up any increase in the SS "payment".

Dale
by Dale_G
Wed Sep 17, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 11
Views: 1218

Re: Jason's Zweig's new dictionary ---enjoy

Wow! This is definitely worth a bookmark.

If I fall asleep while watching TV and accidentally end up on CNBC, I'll know what they are talking about.

Dale
by Dale_G
Wed Sep 17, 2014 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 28
Views: 2745

Re: Hearing aids - for those that use them

Thank all of you for responding, and especially for the VA tips - and it looks like Costco is a good backup. Yes, I will see an Audiologist. For fun I did take a couple of on line hearing tests. This one http://myhearingtest.net/ seems decent for a rough view. With reference to my hearing at 250 Hz,...
by Dale_G
Sun Sep 14, 2014 10:10 pm
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1816

Hearing aids - for those that use them

So, a long time ago I spent too much time within 3 feet of the muzzle of 30 and 50 caliber machine guns, and a bit farther away from mortars and howitzers. Basically my hearing is "shot". It doesn't bother me much except these days my spouse has taken up mumbling and the TV talking heads t...
by Dale_G
Sun Sep 14, 2014 12:51 am
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1816

Re: Ethics of Multi-Generational Tax Optimization

I am 77 and don't see any likelihood that I will ever be in a lower tax bracket than my heirs. But if I were in a lower bracket than what I expect the heirs to be in, I would be glad to do Roth conversions for their eventual benefit. If I get to the point when I "didn't think of this", I w...
by Dale_G
Sat Sep 13, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1845

Re: I've never been a fan of commodity funds

And often when the outcome is bad, it is because the strategy is bad.

Bad strategies lead to bad outcomes more often than good strategies lead to good outcomes.

Get it? If not, stick with the bad strategy.

Dale
by Dale_G
Thu Sep 11, 2014 11:25 pm
 
Forum: Investing - Theory, News & General
Topic: I've never been a fan of commodity funds
Replies: 28
Views: 2330

Re: POLL : SP500 next : 1900 or 2200?

Everyone who voted 1900 has sold their shares to buy them back at 1900, I presume? No. I don't do anything based on what I guess or what the probabilities are, so I am not selling equities. The market decides for me. But, assuming bonds stay the same, the S&P500 has to go to about 1740 before I...
by Dale_G
Sun Sep 07, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: POLL : SP500 next : 1900 or 2200?
Replies: 31
Views: 2984

Re: Question about Jonathan Clements's article on rebalancin

A well written article by Jonathan Clements. He makes it clear that rebalancing from equities to bonds reduces risk at the cost of some reduction in potential returns. To answer the OP's question: I rebalance between equities and bonds in both directions - and I also rebalance between domestic and i...
by Dale_G
Sun Sep 07, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Question about Jonathan Clements's article on rebalancing
Replies: 8
Views: 980

Re: POLL : SP500 next : 1900 or 2200?

Since a move to 1900 is only 5% and a move to 2200 is 10%, I suspect that 1900 is almost twice as likely.

Dale
by Dale_G
Sat Sep 06, 2014 9:46 pm
 
Forum: Investing - Theory, News & General
Topic: POLL : SP500 next : 1900 or 2200?
Replies: 31
Views: 2984

Re: Poll: Cash Holdings

My cash holdings consist of checking accounts and money market funds. As a percentage of invested assets, the cash position rounds to zero. I am retired however, and SS + tiny pension + annuity + RMDs amount to far more than our ordinary living expenses. I looked back at my records of 13 years ago a...
by Dale_G
Sat Sep 06, 2014 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3699

Re: Considering divesting international position...

So International equity fund performance has trailed that of domestic funds for some time. I guess that is why this old-timer has been rebalancing out of domestic funds and moving the proceeds to international for a couple of years now. It is not easy to sell "leaders" and buy "lagger...
by Dale_G
Sat Sep 06, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering divesting international position...
Replies: 12
Views: 601

Re: Own individual stocks? Advisor recommends 20% in blue ch

I have an advisor who is recommending keeping 15%-20% of our portfolio in quality blue chip individual stocks. Your advisor probably recognizes that he doesn't bring much to the party these days, so he brings up this "15%-20% blue chip stocks" thingy to justify the cost of his advice. Ind...
by Dale_G
Sat Sep 06, 2014 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Own individual stocks? Advisor recommends 20% in blue chips?
Replies: 38
Views: 2758

Re: Annuity - Lump Sum vs. Regular Payments

DO NOT ANNUITIZE, NEVER and NEVER EVER ANNUITIZE. I am guessing that the annuity is variable or maybe an indexed.If so move most, like 80-90 to the annuity' s equivalence to cash. From the cash anisotropic with drawbacks. Alternatively, close annuity and ladder some CDs. Wrong wrong wrong . Annuiti...
by Dale_G
Fri Sep 05, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuity - Lump Sum vs. Regular Payments
Replies: 7
Views: 413

Re: POLL: What was the first stock you ever bought?

Atlas Consolidated Mining - a Philippine gold miner. I bought it sometime in 1960 - in the full folly of youth!

Dale
by Dale_G
Fri Sep 05, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2906
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