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Re: Question about managed account

Yes, my portfolio is very complicated: looks like 28 different funds. I discovered if I click the name, the link will tell me the fund's category. Looks like some of them are PRRDX, MWTRX, EXWAX, YAFFX, and AEMGX. PRRDX: Pimco Real Return. 0.85% ER. MWTRX: Metropolitan West Total Return Bond. 0.62%...
by Jeff7
Mon Jul 14, 2014 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about managed account
Replies: 17
Views: 1360

Re: [Poll] Are you more risk averse than average?

How about an option for "average?" :wink:



I'll assume I'm average until I see evidence that says otherwise.
by Jeff7
Mon Jul 14, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2648

Re: Why do companies put up with high expense 401k choices?

It basically comes down to one of 2 things: ⋅  ignorance where they have no clue that much lower cost options exist or that the "absolutely no cost to the company" plan is just hiding the often exorbitant costs by gouging the employees ⋅  collusion where they go with t...
by Jeff7
Thu Jul 10, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Why do companies put up with high expense 401k choices?
Replies: 15
Views: 1520

Re: Erasing hard disk that have died

Without damaging anything? Not sure... If you want to save yourself the trouble of taking it apart, drill two or three holes through it. (Use a cheap drill bit. There are a few of these things that used glass platters.) Do an image search for "hard drive internals" so you know where to dri...
by Jeff7
Mon Jul 07, 2014 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Erasing hard disk that have died
Replies: 40
Views: 3314

Re: How to get father on board with index funds

Maybe an agreement could be worked out that would allow you to help your mom manage the finances if something were to happen to your father? Mothers tend to be susceptible to those nice boys... In my experience, fathers are just as susceptible. Exactly. Maybe the tactics vary, but there are plenty ...
by Jeff7
Mon Jun 30, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: How to get father on board with index funds
Replies: 34
Views: 2086

Re: Want to Save Money? Be Polite!

I'm the sort who'd be just fine submitting the order via computer screen.

Does that get me an additional discount?



(Just so you have an idea of the mindset at work, I'd love to see an automated fast food restaurant. Submit your order, and then watch the machinery build it. :D)
by Jeff7
Thu Jun 26, 2014 10:05 am
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6701

Re: The Death of Savings Bonds

That, and their website itself. I'm repeatedly amazed that such a terrible design could have been greenlighted for publication. Vanguard has somehow figured out how to permit the use of such advanced features as Back and Forward without immediately booting you out of the site. Does the Treasury onl...
by Jeff7
Mon Jun 16, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: The Death of Savings Bonds
Replies: 33
Views: 3483

Re: The Death of Savings Bonds

I'm buying $350 in I-bonds each month, given that savings accounts pay next to nothing. (How many bonds is that? :confused ) I've seen some checking accounts paying out nice interest rates, but they'd turn into a part time job with how many monthly transactions they require, versus how many I curren...
by Jeff7
Mon Jun 16, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: The Death of Savings Bonds
Replies: 33
Views: 3483

Re: Market timing: Getting out of bonds?

I feel like lately I've read a lot of information/posts on people getting out of bonds due to the rising interest rate environment, and the availability of other alternatives that are just as good (such as 2%+ CDs). Now, forgive me for the naive question, but I'm still trying to figure this out her...
by Jeff7
Mon Jun 16, 2014 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Market timing: Getting out of bonds?
Replies: 17
Views: 1875

Re: Overdiversification?

This is yet another plan that is summed up as: "You need to buy good stocks, and avoid bad ones."
by Jeff7
Sun Jun 15, 2014 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: Overdiversification?
Replies: 18
Views: 1489

Re: Time to Sell Index Funds While Market Is High?

Thank you to everyone for your advice. It is very tempting to take advantage of these highs since I do believe in the mantra, "buy low, and sell high." I really don't see the stock market not going lower at some point, so I thought it wouldn't hurt to do this just once , but I will take t...
by Jeff7
Fri Jun 13, 2014 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Time to Sell Index Funds While Market Is High?
Replies: 37
Views: 3705

Re: Time to Sell Index Funds While Market Is High?

I follow the three fund portfolio recommended by Bogle and have the following Vanguard index funds: Vanguard Total Stock Market Index Fund (VTSMX) Vanguard Total International Stock Index Fund (VGTSX) Vanguard Total Bond Market Fund (VBMFX) I am wondering if it is time to sell, especially for Vangu...
by Jeff7
Thu Jun 12, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to Sell Index Funds While Market Is High?
Replies: 37
Views: 3705

Re: 3 Funds in 401K Suggestions?

Thanks for the input, much appreciated. I will work on putting all my accounts down on paper. I am not kidding about a mess!! :) While you're typing it out, it is a good idea to save it out to Word, or else just work there and then paste it here. (Keep in mind that bolded text and such might not tr...
by Jeff7
Thu Jun 05, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 Funds in 401K Suggestions?
Replies: 25
Views: 1048

Re: Help with new ING 401k plan

$6M and 100 people. Assuming an average ER of 1.7%, which might be on the low side given the availability of the more costly Target Retirement funds: That's a little over $100k/year in fees being extracted from the group of participants. That advisor is going to fight tooth and nail to keep that pla...
by Jeff7
Mon May 19, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with new ING 401k plan
Replies: 8
Views: 806

Re: 401K selection for young man

Are the offerings through Vanguard directly?

What are the costs? Sometimes normally-low-cost funds can have high markups slapped on them by a middleman financial company.
by Jeff7
Fri May 16, 2014 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K selection for young man
Replies: 5
Views: 492

Re: STAR for a child?

My dd, 10, is just learning about compound interest and investing. We have about $1000 saved up for her and I was looking at the STAR fund. I am not quite understanding the contribution bit... if I don't do a auto deposit of $50/mo, the minimum is $100. Is that $100 the life of the fund or $100/mo ...
by Jeff7
Wed May 14, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: STAR for a child?
Replies: 7
Views: 741

Re: Poll: Do you own Total Bond Market?

"Yes...." but then remembered I don't anymore. I shifted bonds to my 401k, so I can (hopefully) get the stock-based growth in my Roth IRA - pay no taxes on that. I think that works out like that. So I'm stuck with an American Funds bond fund in the 401k. It's unfortunately more volatile th...
by Jeff7
Tue May 13, 2014 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you own Total Bond Market?
Replies: 50
Views: 4481

Re: Vanguard Total International Bond Index Fund

Do I? No, not currently.

Will I? Yes, probably, once my accounts grow enough that I wouldn't be overweighted in it.
by Jeff7
Sat May 10, 2014 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Bond Index Fund
Replies: 38
Views: 3407

Re: Job Hopping? Work History Enclosed.

I always tell my engineering students to say, truthfully, "I always stay for the full period of my employment contract". Companies that hire on a "day labor at will" basis have a lot of nerve to expect loyalty. It's interesting too that you can't really shop around for a decent ...
by Jeff7
Thu May 08, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Job Hopping? Work History Enclosed.
Replies: 60
Views: 4587

Re: Finding out what costs are within 401K

That is one thing, and it is also possible that the only costs are the ER's on the funds. Have you seen any annual reports for those funds that would document the fund costs? If they are standard publicly traded funds you could get fund reports from the fund company. You might also find it interest...
by Jeff7
Wed May 07, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finding out what costs are within 401K
Replies: 5
Views: 320

Re: Finding out what costs are within 401K

Legislation signed into law in the past few years requires that participants are given a fee disclosure document. Your HR department should be able to get that for you. (At least it's through the HR Department where I work. I don't know if that varies elsewhere.) But, they do appear to have a lot of...
by Jeff7
Wed May 07, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finding out what costs are within 401K
Replies: 5
Views: 320

Re: How to pitch better 401K to Employer??? Ours is pretty b

Very interesting ... I am definitely using that chart you provided in PDF ... one question .... the 1.5% expense fee ... it's 1.5% on all 401k balance or just on earnings? When using a calculator, even at 0% growth, I still saw a difference based on fee %, so that means it's 1.5% on balance in 401 ...
by Jeff7
Tue May 06, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to pitch better 401K to Employer??? Ours is pretty bad.
Replies: 22
Views: 1634

Re: How to pitch better 401K to Employer??? Ours is pretty b

What I did notice is that American funds, listed all their options here http://retire.americanfunds.com/about/funds/index.htm when I check out the same funds they offer us, the expense fees on the site are much lower than in our booklet. So, does that mean that their fees are really adjustable? Mea...
by Jeff7
Tue May 06, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: How to pitch better 401K to Employer??? Ours is pretty bad.
Replies: 22
Views: 1634

Re: 401k or Roth IRA

Looking at my W2, the state tax was the usual 3% of my full annual wage. The 401k deductions only counted for lowering the federal income tax. I believe Pennsylvania is the only state in the union that taxes 401k contributions. It also exempts withdrawals, so in essence it treats a 401k like a Roth...
by Jeff7
Sun May 04, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k or Roth IRA
Replies: 9
Views: 631

Re: 401k or Roth IRA

Thanks for the additional information. 1) You're actually in a high tax bracket when you combine fed and state income tax. If you contribute $8000 pretax to Traditional 401k, you'd get a tax deduction of $8000 which will reduce your fed and state income tax by $2700. So it would cost you $5300 to c...
by Jeff7
Sun May 04, 2014 12:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k or Roth IRA
Replies: 9
Views: 631

Re: How to pitch better 401K to Employer??? Ours is pretty b

This sounds familiar. Class R2 shares? That's what my employer had used, until we got enough money invested to get R3. Nothing was below 1%. The highest was 1.89%. (The money market fund was below 1%, but it has returned 0.00% since it first opened 5 years ago. Flat. Line.) R3's not a huge bump, but...
by Jeff7
Fri May 02, 2014 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to pitch better 401K to Employer??? Ours is pretty bad.
Replies: 22
Views: 1634

Re: POLL: the WORST financial advice you've given/received?

Received? Or from a mutual fund sales rep: "Our fund managers deliver consistently good performance because they have a system ." Now seems as good a time as any to point out that "always buy the stock with the highest p/e ratio" is a system. ... Or "Your system appears to ...
by Jeff7
Mon Apr 28, 2014 12:26 am
 
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15082

Re: POLL: the WORST financial advice you've given/received?

Received? "You're smart. You shouldn't be doing mutual funds, you really should be researching, buying, and selling stocks. There's so much more money to be made there." Or from a mutual fund sales rep: "Our fund managers deliver consistently good performance because they have a syste...
by Jeff7
Sun Apr 27, 2014 7:16 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15082

Re: New job, 401(k), and help with planning

Please also add the expense ratios for the available options. There are lots of nice options there that should be cheap, but they can be expensive if the administration company tacks on fees. (A fund that normally costs 0.05% might end up costing 1.50% because of markups.) Edit: Ok, there they are. ...
by Jeff7
Sun Apr 27, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, 401(k), and help with planning
Replies: 10
Views: 1980

Re: Can my computer hear me?

A couple of days ago, I was reading a newspaper article on a new computer and also discussing how brains work and payday loans. The newspaper article had nothing to do with either topic. When I went to another newspaper article, my computer had ads on the right for brain games and also VA loans. I ...
by Jeff7
Sun Apr 27, 2014 6:38 pm
 
Forum: Personal Consumer Issues
Topic: Can my computer hear me?
Replies: 54
Views: 9682

Re: [Noob to PI. $80k/year gross income, $52k take home pay]

Here's a handy Forbes page on tax brackets, and a bit about how they work. Quick&simple example: 10% bracket: $0 to $8,925 15% bracket: $8,925 to $36,250 So if you have $8925 of taxable income in one year, and ignoring any deductions and such, you would owe 10% of that: $892.50. If you had $892...
by Jeff7
Sun Apr 27, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: [Noob to PI. $80k/year gross income, $52k take home pay]
Replies: 17
Views: 4134

Re: Amazon.com prices change quickly

Honestly, I think Amazon is going to eventually get hit with a class action lawsuit. People (like me) are strongly influenced by customer reviews in their purchases, and the price changes can render the review scores meaningless or even highly deceptive. Most reviewers factor in the value of the pr...
by Jeff7
Wed Apr 23, 2014 1:47 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 53
Views: 6077

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: 243
Views: 13433

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: 34
Views: 4792

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: 3481

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: 53
Views: 6077

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: 3481

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: 3207

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: 36
Views: 3195

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: 22512

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: 850

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: 322

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: 1970

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: 1754

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: 13004

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: 1401

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: 2526

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: 3010

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: 2416

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: 33846
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