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Re: POLL: why carry cash?

Another one for toll booths, so I guess that's "specific purchases." The only "toll booths" I remember that took cash were at airport parking lots. Any of the few government road tolls I've encountered (Pennsylvania, Ohio, New York, California, Maryland) were cash only, or else y...
by Jeff7
Sun Apr 20, 2014 1:02 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 137
Views: 3276

Re: The reverse world of retirement investing

Johm221122 wrote:Read it the other day, who is retired and would be a 100% stocks and 5% withdraw rate :oops:

John
Believe me, it happens.

And they are individual company stocks and mutual funds, all actively traded.


I don't know how common that is though.
by Jeff7
Sun Apr 20, 2014 12:54 am
 
Forum: Investing - Theory, News & General
Topic: The reverse world of retirement investing
Replies: 14
Views: 1789

Re: How to avoid ads and not get tracked

I hate ads as much as the next guy but I have never used ad blocking software ( I certainly have the computer know how to block them if I choose to). I feel that blocking ads is the equivalent of theft. No one on this forum would advocate stealing a candy bar from the store but somehow blocking ads...
by Jeff7
Sat Apr 19, 2014 8:14 pm
 
Forum: Personal Consumer Issues
Topic: How to avoid ads and not get tracked
Replies: 49
Views: 2587

Re: Amazon.com prices change quickly

Many sites use "dynamic pricing," and that doesn't mean adjusting prices based on what other sites are charging. People have come to expect that when shopping for plane tickets, but not when buying goods online. .... This is one of various reasons I don't care for being tracked online. It...
by Jeff7
Fri Apr 18, 2014 10:59 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 37
Views: 2837

Re: How to avoid ads and not get tracked

I'm also a user of some of those. Adblock Plus, Ghostery, and HTTPS Everywhere. I also use my hosts file for adblocking and malware blocking. 127.0.0.1 website-you-don't-want.com It reroutes the connection attempts back to your own PC, rather than the remote server. Spybot Search&Destroy adds a ...
by Jeff7
Fri Apr 18, 2014 10:35 pm
 
Forum: Personal Consumer Issues
Topic: How to avoid ads and not get tracked
Replies: 49
Views: 2587

Re: Keep passwords in USB thumb drive: good idea?

investor1 wrote: It is never a good idea to store login information in plain text anywhere on your computer. But if the information is in a thumb drive, it would be opened, info copied, closed and removed from the computer. It would never actually be on the computer. Right? Am I missing something? ...
by Jeff7
Wed Apr 16, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 1992

Re: Alternative to a car

1. Contact the grocery store to see if they have options for delivery. 2. The kids can take her shopping when they visit. 3. Carpool with neighbor if they go shopping. 4. taxi. I assume she has cell phone to call taxi when she's ready to leave the store. 5. If she is able to walk the distance there...
by Jeff7
Wed Apr 09, 2014 12:26 pm
 
Forum: Personal Consumer Issues
Topic: Alternative to a car
Replies: 34
Views: 2185

Re: heartbleed - widespread internet security problem

<tongue in cheek> The good news is that because this site does not support https, it is not vulnerable to the heartbleed attack! </tongue in cheek> Seriously though, I use keyfobs or one time passwords for my most sensitive bank and brokerage accounts. I believe not logging in during this time miti...
by Jeff7
Wed Apr 09, 2014 10:23 am
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16081

Re: 401k Advice

Thanks for all the advice. I will ask the advisor why I have to pay anything at all to do a job that I can do myself. Also, I talked to one of my partners who is the trustee of the 401k and he said that he can easily get me all the investments options to see what is available. Same reason someone t...
by Jeff7
Tue Apr 08, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k Advice
Replies: 17
Views: 784

Re: IRAs and 401K consolidation

I'll add that, yes, it looks like that's a lot of information to pack into a post. And it is. But it greatly improves the quality of the advice that can be given. I've seen at least one instance where someone's extra details ended up guiding them toward looking at their mortgage, and refinancing int...
by Jeff7
Tue Apr 08, 2014 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRAs and 401K consolidation
Replies: 4
Views: 302

Re: How often do you rebalance to maintain your AA

IPS says once a year, if it's outside the tolerance bands. I did do it a little ahead of schedule in the past year or so. I drastically increased my 401k contribution, but forgot to watch what I was buying a lot of - it was heavy in stocks. And then stocks had a really good year, so it skewed things...
by Jeff7
Tue Apr 08, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: How often do you rebalance to maintain your AA
Replies: 35
Views: 1652

Re: Any way to auto save a draft?

If you're using Firefox, I recommend the Lazarus extension. It automatically saves most form data. Very handy, even if you just accidentally bump a Back or Reload button.
by Jeff7
Mon Apr 07, 2014 10:55 pm
 
Forum: Forum Issues and Administration
Topic: Any way to auto save a draft?
Replies: 14
Views: 471

Re: Expensive hobbies and possessions? (B/c you can...)

An indoor collection of cacti and succulents, just a little bit south of Canada. Since these are plants from desert environments, our idea of "bright sunlight" is what they'd normally consider to be "heavy shade," and our idea of "cool weather" is what they'd call "...
by Jeff7
Tue Apr 01, 2014 12:55 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9197

Re: Written IPS strategy for next crash - Advice?

Strategy for the next crash? I'm thinking that the cover of The Hitchhiker's Guide to the Galaxy said most of what needed to be said: "Don't panic." We've been through crashes. They're not fun while they're happening, and whenever there's a bad one, the pundits and columnists are talking a...
by Jeff7
Tue Apr 01, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Written IPS strategy for next crash - Advice?
Replies: 15
Views: 1340

Re: Poll: how did you decide on stock/bond allocation?

(Age in bonds) - 5 - I understand that I'm not an expert in these things. - I needed to start somewhere . - Most things said that 0% bonds is not a terribly good idea, and that no less than 25% should be bonds. - I'm still not entirely clear on exactly how the "include Social Security as a 'bon...
by Jeff7
Sun Mar 30, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 1855

Re: New 8th Circuit Ruling Striking Down High 401K Fees

I have written on here MULTIPLE times that things will change when folks get closer to retirement and realize they lost significant potential dollars due to high cost plans. This is/ was inevitable. The only question is who the finger of blame gets placed on!! Good luck. Not for everyone, that's fo...
by Jeff7
Sun Mar 30, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2449

Re: [Poll] Which of These Types of Investments do you Own?

Total US stock index Total international stock index Active balanced fund (401k) Active bond fund (401k) I have I-bonds, but only because you need to have $100k in a savings account in order to earn enough interest to buy an entire candy bar, or a rewards checking account that requires way more mont...
by Jeff7
Sat Mar 29, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Which of These Types of Investments do you Own?
Replies: 24
Views: 2211

Re: What age did you reach 100K networth?

Don't know. I'm 32, and I've still have a ways to go. Maybe 2-3 more years.
by Jeff7
Sat Mar 29, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 31202

Re: Would you push for Total Bond market fund?

What are the other options in the plan? From having being in the "I don't know what I'm doing" end of the camp, but at least knowing the phrases "stocks and bonds" and "diversified," I originally picked a Washington Mutual fund (it was low-cost out of the group, and it ...
by Jeff7
Thu Mar 27, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you push for Total Bond market fund?
Replies: 13
Views: 998

Re: Perils of Market Timing

According to that chart, they have achieved virtually perfect negative correlation! That's....actually rather impressive. I loaded up an image editor, flipped the Comstock line....after around 1995-1996, they correlate rather oddly well, all the way down to many of the small market fluctuations. Th...
by Jeff7
Thu Mar 27, 2014 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Perils of Market Timing
Replies: 12
Views: 1453

Re: getting employer to change 401k

Those look like R2 class shares. That looks nearly identical to the 401k plan I'm in, before we moved to R3 shares. None of the funds in our plan had loads. From my reading here, most 401k plan funds don't have loads, or else they are waived. Is she getting any matching? If you do push for a change,...
by Jeff7
Thu Mar 27, 2014 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: getting employer to change 401k
Replies: 10
Views: 514

Re: Convince me to get a credit card

I no longer use cash, except for a few $5 and $1 bills I keep in my car for tips or to chip in with co-workers for food brought into the office. My car was trapped in a parking area where the automated machine to process ticket payments had stopped reading any credit cards. I guess it would still b...
by Jeff7
Tue Mar 25, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 5007

Re: Edward Jones Advisory Solutions account

Vanguard index funds get beat by AS 9 out of 10 times. If you have the knowledge and time to invest without a broker then no load low ER mf are your best bet. If you want to pay 1.39% a year to have someone research, rebalance and prevent you from investing without emotions then AS is a great solut...
by Jeff7
Mon Mar 24, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10195

Re: Convince me to get a credit card

Simple: 1) Debit cards are dangerous, no protections whatsoever! 3) Credit cards include a lot of protections for free 0 liability for unauthorized use. All the other reasons are just added benefits. My debit card# was used by someone in Russia to try to buy an $880 cellphone. (They didn't have the...
by Jeff7
Mon Mar 24, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 5007

Re: Paper bonds vs Treasury Direct

Banks are not required to give out more than $1,000 in cash , but if you have an account at that bank they will transfer larger amounts to your account. I prefer paper bonds. They are in my safety deposit box. They even look like money and are unlikely to overlooked in the event of my demise. (Elec...
by Jeff7
Mon Mar 24, 2014 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 1554

Re: Investing in stocks--A surprising Google report ?

People remember negative experiences longer and are also 5-10 times more likely to share a negative experience than a positive experience. This is why companies that stay in business put such a high value on customer service, it really isn't about that individual customer, it's about the 20+ other ...
by Jeff7
Tue Mar 18, 2014 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in stocks--A surprising Google report ?
Replies: 37
Views: 4090

Re: Don’t Bother With That High Cost 401(k)

Rule of thumb is 30 divided by the number of years. The expense has to be 5% if you are out in 6 years. Median tenure for age 25-34 is 3.2 years. Do bother with that high cost 401k. http://www.bls.gov/news.release/tenure.t01.htm Wow. Not long at all. (32yrs old here, and I've been with this company...
by Jeff7
Mon Mar 17, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Don’t Bother With That High Cost 401(k)
Replies: 28
Views: 2977

Re: Forbes Article Disagreeing with Buffett

If you read his bio, you'll find out why he wants to make it all sound so complicated and scary. You "need" a professional like him to manage your money because it is all so much riskier than it sounds. It can't be as simple as buy and hold a diversified portfolio, can it? Here is a piece...
by Jeff7
Mon Mar 10, 2014 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: Forbes Article Disagreeing with Buffett
Replies: 7
Views: 941

Re: 401 match (poll)

50% of up to 4% of gross, so 2%.
by Jeff7
Sun Mar 09, 2014 1:53 am
 
Forum: Personal Finance (Not Investing)
Topic: 401 match (poll)
Replies: 33
Views: 1771

Re: your lowest expense ratio fund in 401

Small business, ~50 people. Company has about $2M invested in the plan, and 100% participation. Lowest: The Bond Fund of America, R3 class. 0.92% ER . There's also a small fee (less than 0.03%) that simply shows up as "Plan fees" on the quarterly statements. I don't think the lowest priced...
by Jeff7
Sun Mar 09, 2014 1:48 am
 
Forum: Personal Finance (Not Investing)
Topic: your lowest exspense ratio fund in 401
Replies: 31
Views: 1569

Re: Any Subaru owners out there?

This is my writeup of my 2012 Subaru Impreza Premium, from back when I bought it. You might want to stretch now though, and maybe get some coffee or something. There's a lot to read. ;) I still have it - fresh out of the shop actually. It took a pothole hit like a champ. :? It was a rainy night, an...
by Jeff7
Fri Mar 07, 2014 10:42 pm
 
Forum: Personal Consumer Issues
Topic: Any Subaru owners out there?
Replies: 53
Views: 4033

Re: Why bad/expensive 401(k)s will likely always be with us

Amen brother! My current employer is totally Dilbertesque is this regard. They scrutinize ever business expense and every expenditure as if the fate of the world depends on the outcome , but literally throw away tens of thousands of dollars to a 401(k) provider that is ripping them and the employee...
by Jeff7
Fri Mar 07, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7671

Re: The dealership wants my 2 year old car back?

Same here. My car's 2 years old. I told the salesperson that I wasn't looking to buy anything new, and that they'd almost certainly have to offer me a lot more for my current car than they were looking to pay. I'm more the "drive it into the ground" sort. I have been getting letters from m...
by Jeff7
Fri Mar 07, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: The dealership wants my 2 year old car back?
Replies: 46
Views: 4272

Re: Cash for Bear Market investing

Does anyone here keep cash, dry powder or a war chest specifically for the purpose of investing in stocks when a bear market occurs? Except that cash is sitting idle, and uninvested, oblivious to any gains that may be happening in the meantime. It's back at the usual timing conundrum: You have to b...
by Jeff7
Thu Mar 06, 2014 2:05 pm
 
Forum: Investing - Theory, News & General
Topic: Cash for Bear Market investing
Replies: 63
Views: 2928

Re: You know you're a Boglehead when ...

...when you max ROTH contributions on January What? Doesn't everybody? Helps if you have the money available then. ;) When you hover your mouse over the Dropbox icon in the toolbar and it says "Indexing...", your heart flutters. Or you sometimes smirk upon seeing the "Board Index&quo...
by Jeff7
Wed Mar 05, 2014 11:49 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 86
Views: 5142

Re: Financial advisor wants me to roll a 401(k) into an IRA?

It certainly wasn't a hard sell. And he told me whether I go with them, keep it with Fidelity, or move it to Vanguard, at the very least I should shift it out of my wife's old 401(k) to an IRA, so I feel I'm still getting solid advice. Even that is not always solid advice. There can be very good re...
by Jeff7
Wed Mar 05, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial advisor wants me to roll a 401(k) into an IRA?
Replies: 98
Views: 6412

Re: What age to buy I bonds?

My I-bonds are acting as my savings account/emergency fund. Since checking accounts either pay 0% interest, or else require an very high number of transactions per month in order to pay any appreciable amount of interest, there aren't many options available for safe storage of liquid assets. (That's...
by Jeff7
Wed Mar 05, 2014 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: What age to buy I bonds?
Replies: 29
Views: 2526

Re: Beware of the latest e-mail scam

Just one more of many phishing type e-mails. I've gotten them that are branded with Paypal, Gmail, Amazon, and so on. If you really are all that concerned, don't click any links in the e-mail. Just go to the website yourself and log in normally, and see if there's anything amiss. There probably won'...
by Jeff7
Tue Mar 04, 2014 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Beware of the latest e-mail scam
Replies: 3
Views: 574

Re: Why do investors prefer cash dividends?

I'm in the "loss aversion" camp. As a species, we tend to view it as very bad to lose something. It's the old thing that the happiness from receiving $100 is less than the anguish or anger from losing $5. If you get dividends, you are still in possession of the stock. If you need to sell s...
by Jeff7
Tue Mar 04, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Why do investors prefer cash dividends?
Replies: 126
Views: 5559

Re: Amtrak across the US?

A suggestion for a shopping tool: AmSnag . The day you need the ticket can greatly influence the price, at least if you're going to go for your own private room. I just did a search to go from Erie, PA to Penn Station, NY. The base ticket price for coach is always $73, but the additional charge for ...
by Jeff7
Sun Mar 02, 2014 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Amtrak across the US?
Replies: 38
Views: 2617

Re: Indoor Plants - Recommendations?

I grow succulents - mostly haworthias and crassulas . Half of them keel over pretty quickly, and half seem to thrive on benign neglect. What I like about them is you can tell from the thickness of the leaves when they need watering. Once a year I throw some general purpose fertilizer on them. I gro...
by Jeff7
Sun Mar 02, 2014 11:35 pm
 
Forum: Personal Consumer Issues
Topic: Indoor Plants - Recommendations?
Replies: 21
Views: 1420

Re: Financial advisor wants me to roll a 401(k) into an IRA?

Does this person work on his own, or does he work for a company? If they've got a website, maybe they have some documents buried there concerning revenue sharing arrangements with mutual fund companies. (And I'll emphasize "buried.") So in such a case, this advisor's paycheck, or his manag...
by Jeff7
Sun Mar 02, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial advisor wants me to roll a 401(k) into an IRA?
Replies: 98
Views: 6412

Re: Market Crash Stategies?

The same reasoning should apply during crashes as it does during the good times: You're investing on the hope that it's going to increase over time, and not just be cash you're stuffing under someone else's mattress. If there's a plunge, you just have to hope that it's going to come back. You just s...
by Jeff7
Fri Feb 21, 2014 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: Market Crash Stategies?
Replies: 40
Views: 3136

Re: Skip IRA for 1 year to buy engagement ring

The ring preference definitely depends on the person. My mother's ring is a simple one, a plain gold band with a small diamond. - She didn't want an expensive piece of jewelry to worry about. - She usually takes it off because it's just something else in the way when she's working on a sewing projec...
by Jeff7
Thu Feb 20, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7264

Re: Why bad/expensive 401(k)s will likely always be with us

"One S & P 500 fund dropped the management fee from .75% to .30% when the regs went into effect." I don't disagree at all with your post, but wonder: VFINX's institutional fee is .04 to .02. For an SP500 fund, what matters besides the ER? An ER of .30 seems like it's paying 7X the goi...
by Jeff7
Tue Feb 18, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7671

Re: Why bad/expensive 401(k)s will likely always be with us

Neurosphere: Very, very nice anecdotes. This has been my personal experience (and frustration) as well. I tried very hard to point this out to an employer of a small business who was/is using one of his "friend" to administer the 401k. He just refused to accept that his friend would not g...
by Jeff7
Tue Feb 18, 2014 1:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7671

Re: Do you balance your checking account?

Yes? I guess? I download everything to Quicken every few months, and there are sometimes discrepancies versus the PDF statements. PNC will sometimes miss things on those statements, but which I know I did charge, and which appear on the online transaction listing. That's mainly just to track my own ...
by Jeff7
Mon Feb 17, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 4899

Re: Admiral Shares

I think there's a rule or some such thing in place, which concerns funds that are themselves comprised of other mutual funds.
Vanguard's STAR fund is the same way.
by Jeff7
Fri Feb 14, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares
Replies: 4
Views: 623

Re: I think rolling over 401ks to IRAs is often a bad decisi

If you can roll over a 401k right into a traditional IRA, you're in the same position, taxwise, as you were before, aren't you? You pay income taxes on what you take out of it. Roll it over, and you get to choose the funds. If you're going to be using using a low-cost index fund, you might lose out ...
by Jeff7
Fri Feb 14, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: I think rolling over 401ks to IRAs is often a bad decision
Replies: 56
Views: 4916

Re: Effective Tax Rate - POLL

Somewhere around 15% federal, I believe. The 401k contributions took a nice chunk out of it. (I've only in the past few months upped my contribution to max out the 401k; it's a pretty sizable chunk of my income.) Standard deduction - I don't have anything in the way of deductible expenses, or at lea...
by Jeff7
Fri Feb 14, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Effective Tax Rate - POLL
Replies: 48
Views: 5715
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