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Re: How old are you?

I'm a baby boomer. When we were in our twenties, we weren't supposed to trust anyone over thirty. Now that I'm in my sixties, I don't trust myself.
by John151
Thu Jul 31, 2014 2:18 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 77
Views: 6477

Re: List of Worst financial advice (what not to do):

"Pick up that phone call from Rachel at Credit Card Services."
by John151
Wed Jul 09, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 16236

Re: POLL: Are You Re-Balancing?

My stocks have risen above their bands, but I've decided not to rebalance. All of my stock investments are in taxable accounts, so rebalancing by selling shares would involve paying capital gains taxes. I'm comfortable with this decision. My stock allocation is comparatively small (30%, with five pe...
by John151
Mon Jul 07, 2014 2:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Are You Re-Balancing?
Replies: 70
Views: 5020

Re: The Millionaire Next Door: Are You One?

I'm in the club too. I'm single, I'm retired, I drive an older car, I live in a modest condo, and I spend only one percent of my assets a year. Sometimes I think, "I really should spend more of this money. It's not doing me any good just sitting there." But then I can't figure out what to ...
by John151
Mon Jun 30, 2014 2:48 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22701

Re: Is it okay to think of my stocks as bonds?

I'd like to thank all of you for your advice and suggestions. I'll never think of stocks as bonds again. I promise! And I especially appreciated retiredjg's suggestion that I think about what might be best for my heirs. As I understand it, my stocks would get a stepped-up basis at my death, so my he...
by John151
Thu May 29, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it okay to think of my stocks as bonds?
Replies: 22
Views: 1980

Is it okay to think of my stocks as bonds?

I try to keep about 30% of my investments in stocks with five percent bands on either side. Thanks to the market's surge over the last year or two, my stocks have risen above my upper limit, and with no easy way to rebalance. I no longer have any stocks in tax-advantaged accounts, just two Vanguard ...
by John151
Wed May 28, 2014 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it okay to think of my stocks as bonds?
Replies: 22
Views: 1980

Re: How did you get through the market crash in 08-09

i've always been a conservative investor. In the mid-1990's, when I had about 40% of my investments in stocks, I decided that I would gradually reduce my stock allocation to 35% by 2000, and then to 30% by 2010. So in early 2008, I had about 35% of my investments in stocks. Then came the crash, and ...
by John151
Mon Mar 10, 2014 12:02 am
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5900

Re: Real Estate - Condos and HOA fees

You mentioned that your condo is a rental unit. Condo boards sometimes resent absentee landlords, particularly the ones who expect hands-on management services without doing any of the work themselves. That's why the suggestion that you offer to help out, rather than just complain, is a good one. Ch...
by John151
Wed Feb 12, 2014 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate - Condos and HOA fees
Replies: 13
Views: 1755

Re: Real Estate - Condos and HOA fees

I've lived in a condo association for almost thirty years, and I've spent some of those years as a board member. Board members are almost always well intentioned, but they're unpaid volunteers, and there's a limit to how much they're willing to do. For example, In my association, the board is requir...
by John151
Tue Feb 11, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate - Condos and HOA fees
Replies: 13
Views: 1755

Re: vanguard quality of service

Perhaps I was born under a lucky star, but I've been investing with Vanguard for almost thirty years now and have never had a problem. I've opened new funds, closed old funds, exchanged among funds, moved my IRA to Vanguard, and moved annuity assets to Vanguard, and all without a hitch. I've also co...
by John151
Tue Feb 11, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: vanguard quality of service
Replies: 63
Views: 4193

Re: Your mortgage type, if any [POLL]

I lived in rental apartments for fifteen years, saved a good bit of my salary, and bought a modest condo for cash when I was thirty-eight. That was almost thirty years ago, and I've been living in the same condo quite happily and debt-free ever since.
by John151
Sun Feb 09, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your mortgage type, if any [POLL]
Replies: 63
Views: 3672

Re: Vanguard Tax Form Release Schedule (1099-R available now

Vanguard posted my 1099-B this morning. I had sold some shares at a loss in late December, and I had thought that Vanguard might wait and see if I bought them back within thirty days, incurring a wash sale, but the form was posted before the wash sale period expired.
by John151
Wed Jan 22, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax Form Release Schedule (1099-R available now)
Replies: 23
Views: 1782

Re: Vanguard Tax Form Release Schedule (1099-R available now

Vanguard has posted my 1099-DIV but not my 1099-B. I sold some shares at a loss in late December, so maybe Vanguard is required to wait and see if I buy them back within thirty days and incur a wash sale.
by John151
Sat Jan 18, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax Form Release Schedule (1099-R available now)
Replies: 23
Views: 1782

Re: The Funniest Movie Ever

John151 wrote:"Animal House" It reminds me of my misspent youth.


What, were you in Omega Theta Pi?


I didn't join a fraternity. That's why I say I misspent my youth.
by John151
Fri Jan 03, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 14687

Re: The Funniest Movie Ever

"Animal House" It reminds me of my misspent youth.
by John151
Thu Jan 02, 2014 6:09 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 14687

Re: What time does Vanguard update market values?

I think he means that he wants a list of values shown with the correct date.
by John151
Wed Jan 01, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: What time does Vanguard update market values?
Replies: 60
Views: 3769

Re: What time does Vanguard update market values?

The values are correct, but the date is off by one day. It's only a minor annoyance, and that's why I haven't bothered to report it to Vanguard. But I thank cfs for calling it to Vanguard's attention.
by John151
Wed Jan 01, 2014 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: What time does Vanguard update market values?
Replies: 60
Views: 3769

Re: What time does Vanguard update market values?

I've had the same problem as you, cfs. Thank you for calling it to Vanguard's attention.
by John151
Wed Jan 01, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: What time does Vanguard update market values?
Replies: 60
Views: 3769

Re: Is anybody considering reducing bond purchases

My stock funds have risen past their target this year, so I'm rebalancing by investing new money in a tax-exempt bond fund. But I've shortened my various bond funds' average duration from five years to about three years, in the expectation that rates will eventually go up.
by John151
Wed Dec 25, 2013 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is anybody considering reducing bond purchases
Replies: 24
Views: 1535

Re: rebalancing in taxable accounts

I posted a similar question several months ago. Over the years, most of my stocks have been in taxable accounts, with a smaller amount in accounts that are tax-advantaged. As stocks have risen, I've rebalanced by exchanging from stocks into bonds within my tax-advantaged accounts, where exchanges ca...
by John151
Mon Sep 02, 2013 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing in taxable accounts
Replies: 18
Views: 1773

Re: TLH, dividend reinvestment, & qualified dividends

I believe the wash sale rule applies if you buy substantially identical shares 30 days before or 30 days after the date of the sale. And if you sell shares you've held for 60 days or less, the dividends on those shares may not be considered qualified. Also, If you sell shares in a Vanguard fund, Van...
by John151
Mon Jun 24, 2013 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: TLH, dividend reinvestment, & qualified dividends
Replies: 8
Views: 406

Re: Illinois pension question

Even if the bill passes both houses and is signed into law, state employees and their unions are sure to challenge it in court, with a decent chance that the law will be declared unconstitutional. I'd wait and see what happens before making any decisions.
by John151
Sat May 04, 2013 10:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Illinois pension question
Replies: 11
Views: 1091

Re: Short term savings/emergency fund

I keep about six months' worth of expenses in my Vanguard money market account. If I need more than that, I'll pull money from my Vanguard Limited-Term Tax-Exempt Bond account. It's not as stable as a money market fund or a short-term bank CD, but it pays more in dividends, and the income is exempt ...
by John151
Tue Apr 23, 2013 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short term savings/emergency fund
Replies: 24
Views: 2147

Re: Checking Net Worth Only Once a Year

I check my balances daily, record them once a quarter, and rebalance as needed, usually once or twice a year.
by John151
Thu Apr 18, 2013 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Checking Net Worth Only Once a Year
Replies: 41
Views: 4484

Re: what is an ibonds duration?

I've been classifying my I Bonds as having a duration of 1 during the first year, and then 0 thereafter. That's how I've been classifying my EE Bonds as well.
by John151
Sat Mar 23, 2013 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: what is an ibonds duration?
Replies: 85
Views: 4684

Re: Should I Stop Rebalancing?

I'm grateful to all of you for your help and advice. Thanks to you, I'll be able to make a much more informed decision.
by John151
Sun Mar 17, 2013 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Stop Rebalancing?
Replies: 13
Views: 2190

Should I Stop Rebalancing?

I'm a conservative retiree in my sixties. Several years ago, I decided to allocate 30% of my financial assets to stocks, with a 5% band on either side. Most of my stocks have been in taxable accounts, with a smaller amount in accounts that are tax-advantaged. As stocks have risen, I've rebalanced by...
by John151
Fri Mar 15, 2013 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Stop Rebalancing?
Replies: 13
Views: 2190

Re: Could bogleheads vote on Top 10 "asks" of Vanguard?

I'd like Vanguard to publish percentage yields for its international stock funds.
by John151
Mon Mar 11, 2013 1:16 am
 
Forum: Investing - Theory, News & General
Topic: Could bogleheads vote on Top 10 "asks" of Vanguard?
Replies: 100
Views: 6545

Re: How often do you tax loss harvest

In December 2008, I harvested losses in my taxable accounts, and immediately rebalanced by exchanging into similar (but not substantially identical) funds in my tax-deferred accounts. I didn't reopen the taxable funds that I had sold in December until July 2009.
by John151
Tue Feb 26, 2013 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: How often do you tax loss harvest
Replies: 26
Views: 1609

Re: How often do you tax loss harvest

I harvest a tax loss whenever there's a loss to harvest, but I haven't had a loss to harvest since 2008. Going forward, stocks will have to drop about 40% before I can harvest another loss.
by John151
Tue Feb 26, 2013 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: How often do you tax loss harvest
Replies: 26
Views: 1609

Re: What's your usual retirement day like ?

I'm in a similar situation, Bustoff, but I don't get bored. I find books, television, and the Internet endlessly fascinating.
by John151
Sat Feb 02, 2013 4:06 pm
 
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 184
Views: 35598

Re: What do you think of this Comcast deal?

I received a similar offer from a Comcast sales rep via telephone several weeks ago. I told him that if he would send me a copy of the offer, itemized and in writing, I'd be willing to consider it. That's the last I've heard of the offer.
by John151
Sat Jan 26, 2013 9:43 pm
 
Forum: Personal Consumer Issues
Topic: What do you think of this Comcast deal?
Replies: 8
Views: 1236

Re: If market drops 50% in a week will you rebalance?

I'd harvest some tax losses, immediately invest the proceeds in different funds, and then rebalance to my target allocation gradually, over the course of a year or so. That's pretty much what I did during the last bear market, when stocks dropped more than 50%.
by John151
Mon Jan 21, 2013 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: If market drops 50% in a week will you rebalance?
Replies: 118
Views: 5818

Re: Your most intense movie scene

The shower scene in "Psycho." I've been locking the bathroom door ever since.
by John151
Tue Jan 15, 2013 9:00 pm
 
Forum: Personal Consumer Issues
Topic: Your most intense movie scene
Replies: 155
Views: 9209

Re: Is it proper to feel "loyalty" to Vanguard?

I started investing in Vanguard's 500 Index Fund way back in 1985. If I sold all of my shares and moved the proceeds to a different fund company, I'd have to pay a fortune in capital gains taxes. So am I sticking with Vanguard? You'd better believe it!
by John151
Fri Jan 11, 2013 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it proper to feel "loyalty" to Vanguard?
Replies: 37
Views: 3235

The Distribution of Wealth

Does anyone know where I can find recent statistical information on the distribution of wealth in the United States? There seems to be considerable information on the distribution of income, but I haven't been able to find anything recent about the distribution of wealth. For example, where could I ...
by John151
Tue Dec 18, 2012 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Distribution of Wealth
Replies: 15
Views: 3659

Re: Total international dividends for year end typical?

And Morningstar is showing a yield of 5.11% for Vanguard Tax-Managed International. Surely that can't be correct?
by John151
Tue Dec 11, 2012 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total international dividends for year end typical?
Replies: 14
Views: 1812

Re: VTIPX vs VIPSX. What if the govt stops issuing TIPS?

I have a friend who's in her eighties, and on my advice she bought a good many I-Bonds when they were available in paper form. But now that they're available only electronically, she doesn't want to buy any more of them, because she doesn't trust computers or bonds that she can't hold in her hand. S...
by John151
Sat Nov 17, 2012 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: VTIPX vs VIPSX. What if the govt stops issuing TIPS?
Replies: 36
Views: 3109

Re: Inflation protection [TIPS or I-Bonds?]

I'm a retiree who doesn't qualify for Social Security, just a state pension with a 3% COLA (which the state wants to cut). I keep about a third of my savings (and about half of my bond allocation) in I-Bonds and a TIPS fund, and I'm thinking about adding more. If I qualified for Social Security, I'd...
by John151
Mon Oct 29, 2012 2:40 pm
 
Forum: Investing - Theory, News & General
Topic: Inflation protection [TIPS or I-Bonds?]
Replies: 7
Views: 939

Re: Tax Cliff Endangers Seniors WSJ

For those of us who haven't saved tax calculators as far back as 2001, is there an online calculator that will show what one's tax will be if the current tax cuts aren't extended? One could then plan accordingly.
by John151
Fri Jul 27, 2012 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: Tax Cliff Endangers Seniors WSJ
Replies: 52
Views: 4898

Re: Non frugal vice

DVDs. Why rent when you can buy? I've got about five hundred.

P.S. I no longer need HBO, Cinemax, or Showtime, so I cancelled them. Does that make my non-frugal vice frugal?
by John151
Wed Jul 18, 2012 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non frugal vice
Replies: 107
Views: 12127

Re: Ivy League Myths Uprooted

I'm an old Ivy Leaguer and a retired university professor, but my thoughts on education are similar to those of Lady Bracknell in Oscar Wilde's "The Importance of Being Earnest": "I do not approve of anything that tampers with natural ignorance. Ignorance is like a delicate, exotic fr...
by John151
Wed Jun 13, 2012 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 18548

Re: My Treasury Direct experience

I agree that Treasury Direct's website is quirky and clunky, but this wouldn't be a serious problem if Treasury Direct provided enough representatives to answer telephone calls promptly. On the rare occasions that I've had website problems with Vanguard or my bank, my phone calls have been answered ...
by John151
Thu Apr 19, 2012 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: My Treasury Direct experience
Replies: 39
Views: 3454

Re: Where Vanguard can improve

I'd like Vanguard to post yields on its international stock funds.
by John151
Sat Feb 11, 2012 1:33 am
 
Forum: Investing - Theory, News & General
Topic: Where Vanguard can improve
Replies: 17
Views: 1543

Re: Problems with TD website?

I always use Firefox, but whenever I log in using an updated version, Treasury Direct notices the difference and has me register the new version with a temporary passcode, sent to me by email, as if I were registering a different computer. It's mildly annoying, but I'd rather have strong security th...
by John151
Mon Jan 30, 2012 7:06 pm
 
Forum: Investing - Theory, News & General
Topic: Problems with TD website?
Replies: 15
Views: 822

Re: how you weathered the 2008 financial downturn

I've always been a conservative investor. In the mid-1990's, when I was in my forties and had about 40% of my investments in stocks, I decided that I would gradually reduce my stock allocation to 35% by 2000, and then to 30% by 2010. So in early 2008, as planned, I had about 35% of my investments in...
by John151
Sun Jan 29, 2012 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: how you weathered the 2008 financial downturn
Replies: 147
Views: 8972

Re: Savings bond limit increased

For me, the important number isn't the inflation adjustment or the amount of I Bonds you're allowed to purchase each year. It's the fixed rate, and I stopped buying I Bonds when the fixed rate dropped below one percent. Yes, I know that bank savings accounts and CD's are currently paying less than I...
by John151
Wed Jan 04, 2012 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Savings bond limit increased
Replies: 43
Views: 3808

Re: Savings bond limit increased

According to the Savings Bond Advisor, the next inflation adjustment for I Bonds may be zero. If you buy or already own an I Bond with a fixed rate of zero as well, you may receive no interest at all for a period of six months. Perhaps this helps to explain the Treasury Department's "generosity...
by John151
Wed Jan 04, 2012 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: Savings bond limit increased
Replies: 43
Views: 3808

Re: What is your favorite movie?

"Gone with the Wind." I've watched it at least twenty times, and I'm still wondering if she ever got him back.
by John151
Fri Dec 23, 2011 7:15 pm
 
Forum: Personal Consumer Issues
Topic: Movie night in recommendations
Replies: 269
Views: 20062

Re: Treasury Direct logon procedure

Would I recommend Vanguard to a friend? Yes. Would I recommend Treasury Direct to a friend? Probably not.
by John151
Tue Nov 08, 2011 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct logon procedure
Replies: 59
Views: 4289
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