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Re: Dave Ramsey still defending 12% and still angry at "nerd

Dave needs to let the 12% thing go, really. Getting the facts straight, aka "the truth" simply does not matter to this type of person (one could cite other radio personalities of a similar ilk who focus on politics). It's all about the rhetoric. And he gets away with it , because in the co...
by Index Fan
Thu Jul 31, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22522

Re: A third of Americans delinquent on debt, study says

[OT comments removed by admin LadyGeek]
by Index Fan
Tue Jul 29, 2014 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: A third of Americans delinquent on debt, study says
Replies: 23
Views: 2264

Re: Vanguard sued for charging too little

If he wants to go after a Non-Profit that brings in a ton of money, he should look at the NFL - a non-profit that brings in revenue of $9.5 Billion per year.


Ah, but how much money has Vanguard given to politicians to get their tax exemption written into law? (sad, I know)
by Index Fan
Sun Jul 27, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 21129

Re: Afraid of Bonds

Are you afraid of stocks after they've had a multi-year runup without a significant correction? It seems bonds get worried about much more for some reason.
by Index Fan
Sat Jul 26, 2014 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Afraid of Bonds
Replies: 28
Views: 2305

Re: Susie Orman says buy individual Munis instead of Bond fu

I'd recommend dropping Ms. Orman and checking out what Larry Swedroe, Rick Ferri, Jason Zweig, and Bill Bernstein are saying.
by Index Fan
Wed Jul 23, 2014 10:36 pm
 
Forum: Investing - Theory, News & General
Topic: Susie Orman says buy individual Munis instead of Bond funds
Replies: 15
Views: 2893

Re: Poll: Has your AA changed in the last 18 months

No, still at 50/50 as planned.
by Index Fan
Tue Jul 22, 2014 9:02 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 58
Views: 3752

Re: Hw many credit cards to own?

I prefer to have 2 credit cards. One is a rewards card for regular purchases, the other is a backup in case something goes wrong with the first one.
by Index Fan
Mon Jul 21, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 121
Views: 8849

Re: A Romney Problem

I hear you can start your own foundation and do pretty well that way.
by Index Fan
Fri Jul 18, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Romney Problem
Replies: 16
Views: 2044

Re: POLL: Do you have a dedicated REIT allocation?

I have essentially a 5-fund portfolio: Total Stock Market Index Total International Stock Market Index Total Bond Market Index TIPS REIT Index For around 15 years now I've had approximately 10% of my portfolio in the Vanguard REIT Index, and I've been happy with the diversification it has provided m...
by Index Fan
Fri Jul 18, 2014 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 7340

Re: bogleheads thoughts on renter's insurance?

Increasingly, renter's insurance is a requirement, but even if it isn't where you live, get it- it's cheap, and even if you can self-insure your items there's always liability coverage that's good to have. True story- in my apartment complex, someone was storing flammable items in their hot water ta...
by Index Fan
Sun Jul 13, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: bogleheads thoughts on renter's insurance?
Replies: 40
Views: 4634

Re: What to invest in with Vanguard?

Target Retirement or LifeStrategy funds are great one-stop shopping at Vanguard- highly recommended.
by Index Fan
Wed Jul 09, 2014 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to invest in with Vanguard?
Replies: 19
Views: 2726

Re: Why not include gold?

Phineas J. Whoopee wrote:
pjstack wrote:But WHY do all governments think it is important to have gold reserves?

I dunno. Tradition?



Thanks for the good belly laugh!
by Index Fan
Wed Jul 09, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why not include gold?
Replies: 48
Views: 3861

Re: Why not include gold?

This isn't Argentina. I can see holding gold if you lived in a 3rd world country, but I do not. Argentina isn't a 3rd-world country- or wasn't until some horrible economic policies were enacted. And 'it hasn't happened here yet' is not a sound argument to my way of thinking. They probably said that...
by Index Fan
Wed Jul 09, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not include gold?
Replies: 48
Views: 3861

Re: Why not include gold?

Keeping a small portion of one's portfolio in precious metals is a defensible and reasonable choice IMHO. Think of it as financial meltdown insurance. This would have come in very handy in the 1998–2002 Argentine great depression and in several 20th century instances of economies collapsing. I'd lim...
by Index Fan
Wed Jul 09, 2014 9:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Why not include gold?
Replies: 48
Views: 3861

Re: At 25 years old and with 10k to invest, should I buy bon

When I started out investing in mutual funds in my 30s, I just threw everything into Vanguard LifeStrategy Growth (80/20 stocks/bonds) until I had a good amount in my IRA and then I tweaked my holdings (REIT Index etc.), but honestly, I think that something like a Vanguard Target Retirement or LifeS...
by Index Fan
Sun Jul 06, 2014 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: At 25 years old and with 10k to invest, should I buy bonds?
Replies: 11
Views: 925

Re: Worried about my parents' financial health

I've found it very hard to give financial advice to family members. You run the risk of becoming a busybody from their point of view. If they ask for your help or input, that is the best situation, because they are open to suggestions. Otherwise, it's a familial minefield, because until they lose mo...
by Index Fan
Sat Jul 05, 2014 12:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Worried about my parents' financial health
Replies: 10
Views: 1103

Re: Stock / Bonds Allocation

My bond % equals my age (+ or - 5%). I'm on the conservative side risk-wise, and have a pension (I'm an early retiree). I really don't need to take on more risk.
by Index Fan
Wed Jun 25, 2014 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: Stock / Bonds Allocation
Replies: 48
Views: 2499

Re: Long-Term Care Insurance? Is it a good idea?

I once had LTCi but dropped it. My reasons: 1) LTCi companies are starting to drop this coverage, since this seems to be an insurance that isn't paying off well for them. The thought of paying for decades only to have it dropped when I probably needed it most was galling. 2) Doing some research, I f...
by Index Fan
Wed Jun 25, 2014 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Insurance? Is it a good idea?
Replies: 24
Views: 1882

Re: Anyone switch to non-branch banking?

These are the days we live in, unfortunately. My old HSBC online savings account was paying 6.0% back in 2005 or so. Anything in the 0.75% to 1.25% range is about as good as you'll find right now Man, that brought back pleasant memories of 5-6% money market savings accounts. Last I checked HSBC was...
by Index Fan
Wed Jun 25, 2014 12:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 54
Views: 4391

Re: Target date vs. Lifestrategy fund

Target Retirement Income is 30/70 stocks/bonds, LifeStrategy Income is 20/80 stocks/bonds.
by Index Fan
Tue Jun 24, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Target date vs. Lifestrategy fund
Replies: 12
Views: 2252

Re: Cryptocurrency potpourri

I go back and forth on this issue, but I don't feel it passes the 'understand what you invest in' test for me personally.
by Index Fan
Sun Jun 22, 2014 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: Cryptocurrency potpourri
Replies: 2
Views: 318

Re: Poll: Dave Ramsey - Harmful or helpful?

Helpful on personal finance issues, harmful on investing issues. I couldn't vote given the simple binary helpful or harmful.
by Index Fan
Sun Jun 22, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Dave Ramsey - Harmful or helpful?
Replies: 65
Views: 5265

Re: 10% tilt?

I think that 10% is a good rule of thumb for an effective minimum holding.
by Index Fan
Sun Jun 22, 2014 4:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 10% tilt?
Replies: 10
Views: 990

Re: Gold and Silver as an Insurance Policy?

If I were afraid of bad times e.g. market crash, hyper inflation I would rather have U.S. Treasuries/TIPS than gold or silver. That may work out, but it depends on the circumstances. Say the US dollar lost its world reserve currency status and the dollar dropped steeply in value. The Chinese and ot...
by Index Fan
Sun Jun 22, 2014 7:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Gold and Silver as an Insurance Policy?
Replies: 37
Views: 2036

Re: Gold and Silver as an Insurance Policy?

hearing peter schiff on the joe rogan podcast really got me spun on this one day. then i realized just how vested his own personal interests were in selling currency fear. before i buy gold i'll be getting a gun. That seems like a lot more worthwhile holding if the whole shebang goes up in flames h...
by Index Fan
Sun Jun 22, 2014 7:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Gold and Silver as an Insurance Policy?
Replies: 37
Views: 2036

Re: Gold and Silver as an Insurance Policy?

I think that a small portion of one's wealth invested in precious metals as an insurance policy against financial system collapse is a reasonable idea. In the last 100 years or so, several countries have had stock exchanges that went to zero. There is a non-trivial possibility that the somewhat frag...
by Index Fan
Sun Jun 22, 2014 12:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Gold and Silver as an Insurance Policy?
Replies: 37
Views: 2036

Re: What Do You Eat For Snacks?

*opens a can of cashews after reading this thread*
by Index Fan
Wed Jun 18, 2014 10:25 pm
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks?
Replies: 103
Views: 6473

Re: Avoiding Paypal/Ebay Scam

I'd avoid Ebay & Craig's List like the plague in the future (at least for expensive items).
by Index Fan
Wed Jun 18, 2014 10:22 pm
 
Forum: Personal Consumer Issues
Topic: Avoiding Paypal/Ebay Scam
Replies: 30
Views: 2177

Re: New Bill Bernstein Interview - CNN

Interesting to see Mr. Bernstein advocating the bucket approach- I also think that it makes sense to divide your portfolio into two separate buckets. The first one should be designed to safely meet your living expenses, above and beyond your Social Security and pension checks. In the second portfoli...
by Index Fan
Mon Jun 16, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: New Bill Bernstein Interview - CNN
Replies: 2
Views: 812

Re: [NY Times - brokers fight fiduciary obligation]

I had a relative spend nearly 6 figures on an annuity that didn't kick in for 10 years (and they are in their mid-70s). The problem with this is that they told me that they thought that the annuity started right away. I am deeply suspicious of the financial industry's motives, but when it comes down...
by Index Fan
Sat Jun 14, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: [NY Times - brokers fight fiduciary obligation]
Replies: 54
Views: 5121

Re: Are I Bonds A Good Idea?

Taking your tax return in I Bonds is a no-brainer- I do it every year.
by Index Fan
Sat Jun 14, 2014 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are I Bonds A Good Idea?
Replies: 11
Views: 1726

Re: Where to start investing?

Welcome to the board and excellent job on getting out of debt! Without knowing your age and your goals and tax bracket etc., I'd say a good general place to start investing is with a Vanguard Target Retirement fund or a Vanguard LifeStrategy fund of your choice within a Roth IRA (max per year contri...
by Index Fan
Wed Jun 11, 2014 9:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to start investing?
Replies: 2
Views: 285

Re: Alternate Three-Fund Portfolio

Go with Total Bond Market. You could even argue for a government bond index, because treasuries are the big 'flight to safety' bond sector when the market heads south. Corporate bonds are too correlated with stocks IMHO to be a sole bond holding.
by Index Fan
Wed Jun 11, 2014 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Alternate Three-Fund Portfolio
Replies: 12
Views: 1293

Re: Why is Tilting and Slice&Dice so popular in this forum?

One component of why slice and dice is so popular is the sheer amount of fun some people have fiddling and juggling about their different funds, and collecting more funds. This is true of many hobbies- doing things actively with something they really like is a common trait.
by Index Fan
Wed Jun 11, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Why is Tilting and Slice&Dice so popular in this forum?
Replies: 110
Views: 6275

Re: Do REITs (and slicing in general) reduce risk?

I've been very happy owning the REIT Index over the past ~15 years- it often performs quite differently than the Total Stock Market Index. I'm basically a 3-fund portfolio holder with the addition of TIPS and REITs and have found that the extra diversification has worked well for me over the years.
by Index Fan
Wed Jun 11, 2014 7:45 pm
 
Forum: Investing - Theory, News & General
Topic: Do REITs (and slicing in general) reduce risk?
Replies: 65
Views: 3708

Re: Article: 60/40 produces "same" return with ~half the ri

The key is staying the course - if you look at this board in 2007-9, you will see that many did cut back at market lows. I think that is less likely in a 60/40 mix. Asset allocation is not always fixed, and people can guess wrong at the wrong time. Yeah. There was talk about "Plan B" on b...
by Index Fan
Wed Jun 11, 2014 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: Article: 60/40 produces "same" return with ~half the risk
Replies: 46
Views: 5525

Re: Edward Jones came to my door

Having an EJ office in the strip center is a lot better than a [OT comparison removed by admin LadyGeek --admin LadyGeek] Disagree. Any company selling load funds is ripping you off. I doubt a [OT comparison removed by admin LadyGeek] overcharges that outrageously. A nice office and well-dressed sa...
by Index Fan
Wed Jun 11, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Edward Jones came to my door
Replies: 44
Views: 2741

Re: What would you do with gold coins?

I'd hold onto them as 'portfolio insurance' in case stocks and bonds went poof.
by Index Fan
Wed Jun 04, 2014 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with gold coins?
Replies: 25
Views: 1599

Re: Which is superior? Slice & Dice or [Total Market]?

I split the difference with a 5-fund portfolio- works for me. Simple with a bit more diversification. I've kept the REIT Index over the years because I've found it an overall good diversifier. Total Stock Market Total International Stock Market REIT Index Total Bond Market TIPS (not counting Short T...
by Index Fan
Wed Jun 04, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Which is superior? Slice & Dice or [Total Market]?
Replies: 48
Views: 3801

Re: John Bogle's son John [Bogle Investment Management]

Well if his name is Bogle we have to get in line with what he's doing I guess.
by Index Fan
Tue Jun 03, 2014 8:41 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's son John [Bogle Investment Management]
Replies: 22
Views: 3510

Re: Where to Put Emergency Fund?

An online savings account earning something (like the aforementioned Capital One Savings) works for me. I also have a bond fund for 'operating expenses' (non-monthly & unexpected bills) to keep from drawing on the emergency fund.
by Index Fan
Mon Jun 02, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to Put Emergency Fund?
Replies: 18
Views: 1897

Re: Split emergency fund into separate categories?

What you are describing (home maintenance fund) is what I call an operating fund, i.e. a fund for non-monthly and one-off bills such as medical/dental, maintenance etc. This is in addition to an emergency fund which is for real emergencies, which is in an online savings account. My operating fund is...
by Index Fan
Wed May 28, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Split emergency fund into separate categories?
Replies: 17
Views: 1152

Re: Traditional Investment Strategy

I think its a reasonable plan. Many people get carried away tweaking their investing plan- complex does not necessarily equal better.
by Index Fan
Sun May 25, 2014 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on my investment strategy
Replies: 13
Views: 1085

Re: The in-laws are broke!

You and your wife helping them out when they need it seems to be contribution enough to me. Also, those who say being on the same page with your wife is a wise move are correct.
by Index Fan
Sun May 25, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16490

Re: POLL: why carry cash?

I keep a certain amount of cash on me for trifling purchases and if there's a problem with my credit card...and let's face it, if the power is out, the credit card isn't going to cut it.
by Index Fan
Sun May 25, 2014 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 13658

Re: Fidelity vs. Vanguard

It's not surprising at all. Vanguard is shareholder-owned and more for cost-conscious DIY investors. Fidelity is a for-profit enterprise that offers all sorts of help and products to those it makes money off of- and unless you go out of your way to stick with their Spartan index funds, you'll pay th...
by Index Fan
Thu May 22, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity vs. Vanguard
Replies: 75
Views: 8128

Re: How much do you invest into equities and bonds per month

This poll would make more sense asking what percentage of your income do you invest. Someone making 50k a year will most likely invest less than someone making 250k a year, but the 50k person could conceivably invest more of their income percentage-wise than the higher-earning investor.
by Index Fan
Tue May 20, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you invest into equities and bonds per month?
Replies: 14
Views: 1914

Re: RETIRING May 31! Any advice .....?

If you think you'd like to work part-time, I'd do it soon after retirement- if you put it off, one has a way of enjoying that free time and you may resent curtailing it. Habits die hard!
by Index Fan
Mon May 19, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: RETIRING May 31! Any advice .....?
Replies: 87
Views: 8758

Re: Emergency Fund Revisited

If a person has a job that is shaky, 1 year's worth of emergency fund may be a good idea- and conceivably if a person has strong job security the fund could be smaller. Another option- for a person who has a large amount of money invested (they've reached 'their number'), they could forgo an emergen...
by Index Fan
Mon May 19, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Revisited
Replies: 24
Views: 1860
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