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There was no ER listed on the Target Retirement funds.
by Kevinm1986
Mon Sep 05, 2011 8:54 am
 
Forum: Investing - Help with Personal Investments
Topic: making the best of bad 401k choices
Replies: 23
Views: 1329

Thanks for the advice, y'all. I figured the Dodge & Cox Balanced would probably be the consensus choice, but wanted to make sure there weren't any considerations I may have been overlooking.
by Kevinm1986
Sun Sep 04, 2011 9:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: making the best of bad 401k choices
Replies: 23
Views: 1329

making the best of bad 401k choices

I recently started a job and the 401k options are less than ideal. In addition to a stable value fund and a bunch of SSgA target retirement funds, I have these choices: PIMCO Real Return (PRTNX) 0.90% expense ratio PIMCO Total Return (PTRAX) 0.72% Dodge & Cox Balanced (DODBX) 0.54% John Hancock ...
by Kevinm1986
Sun Sep 04, 2011 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: making the best of bad 401k choices
Replies: 23
Views: 1329

Thanks everyone for the advice. I'll go ahead with a 50/50 TBM/TIPS split.
by Kevinm1986
Thu Jan 31, 2008 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which bond fund?
Replies: 11
Views: 2950

Which bond fund?

I know this a subject that comes up quite a bit, and the differences amount to roughly nil, but I wanted to run this by my fellow Bogleheads to make sure I wasn't missing anything. I'm looking for a Vanguard bond fund, not a fund anywhere else or treasurydirect or anything like that. I have a Roth I...
by Kevinm1986
Wed Jan 30, 2008 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which bond fund?
Replies: 11
Views: 2950

I'm a 21-year-old grad student and I still live with my parents. I guess that makes me a bit of a loser but I get everything free. That means more money for vacations, booze, and gambling. (I'm mostly kidding about the booze and gambling. Not about the vacations, though.) It would not be feasible to...
by Kevinm1986
Tue Jan 01, 2008 4:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Living with Parents to Save Money
Replies: 61
Views: 13431

My 2 cents: go 100% stock, but diversify. I'm in a similar situation--I came into a bunch of money at 19 (I'm 21 now), although unfortunately, compared to you, it was more of a one-time deal. (I'm no poker pro, although I'm working on it). I went with a mix of Total Stock Market, Small Value, and in...
by Kevinm1986
Thu Dec 20, 2007 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young guy, More educated
Replies: 20
Views: 4046

On a slightly tangential note, I'm amazed at the way Mastercard has gone up and up--it's the only part of my fun money portfolio that has done better than the market. As for Google, sure it may (or may not be) overvalued, but it is consistently making lots of money--it's dominating the online advert...
by Kevinm1986
Wed Oct 31, 2007 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Google boggles
Replies: 23
Views: 4576

It seems like we have this debate once a month. So if I'm repeating myself, I apologize. Why any good student would pay more than they have to and rack up debt to go to college (or why their parents would pay for it) astounds me. I got a full scholarship to one of the top ten regional universities i...
by Kevinm1986
Tue Oct 23, 2007 10:15 am
 
Forum: Investing - Theory, News & General
Topic: CNNMoney: College costs keep rising
Replies: 82
Views: 16560

The thought of people having access to the TSP and not investing in it makes me a little bit sick to my stomach.
by Kevinm1986
Sun Oct 14, 2007 11:08 pm
 
Forum: Investing - Theory, News & General
Topic: Article on TSP from Washington Post
Replies: 9
Views: 3182

First of all, are you comfortable with just 20% in bonds? That seems awfully low for someone your age. Second, if you want something more complicated than a 3-fund portfolio, you could do better than that eight fund portfolio. If you want to tilt to value, fine; but if you don't want to tilt to valu...
by Kevinm1986
Sun Oct 14, 2007 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: which portfolio is better
Replies: 8
Views: 2618

teege wrote:That's definitely an interesting index fund. I can look into that. The min buy-in is a bit more than I have right now, unfortunately.


Buy-in? Leave the gambling for the poker table, eschew active funds, and get yourself a Vanguard Target Retirement Fund.
by Kevinm1986
Thu Oct 11, 2007 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Building a core for a 22 year old
Replies: 6
Views: 2087

Excellent post, especially the latte factor. It amazes me how some people get so silly with little food costs. I was talking to one of my fellow grad students the other day and he mentioned that it was such a great deal to buy a Domino's pizza for $5 because he'd get two meals out of it-$2.50 a meal...
by Kevinm1986
Thu Oct 11, 2007 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: The Savings Rate
Replies: 75
Views: 24136

I've been happy with my 13" MacBook (it's about a year old). I had a Powerbook G4 before that, and unfortunately it broke when it was a little over three years old. Unless you absolutely need it, I see no reason to get a MacBook Pro over a MacBook if money is an issue. Sure a bigger screen is n...
by Kevinm1986
Wed Oct 10, 2007 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Do Diehards prefer PC or Mac laptops?
Replies: 109
Views: 24054

Sometimes credit cards are more of an inconvenience. At my former university the convenience store took cash, credit card, or the school's express card. The express card was simple--one swipe. Cash took a little longer, but not much. Credit cards, on the other hand, required the cashier to swipe th...
by Kevinm1986
Thu Oct 04, 2007 11:43 pm
 
Forum: Investing - Theory, News & General
Topic: How and why do you use credit cards.
Replies: 106
Views: 26183

so all of you old codgers who insist on fumbling/paying with old fashioned paper and coins in the checkout line and holding up and slowing down everyone else behind you better get with the program. http://www.youtube.com/watch?v=V-L5QGllGfU Sometimes credit cards are more of an inconvenience. At my...
by Kevinm1986
Thu Oct 04, 2007 11:07 pm
 
Forum: Investing - Theory, News & General
Topic: How and why do you use credit cards.
Replies: 106
Views: 26183

What's the point of this money? Is it for her to spend should she need it in the very distant future? Does she want to donate it to charity when she dies? Or is this essentially your (and your siblings', if you have any) money? There's no way to make a suggestion without knowing the purpose the mone...
by Kevinm1986
Sat Sep 15, 2007 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking very simple yet agressive and diversified IRA
Replies: 11
Views: 2603

I'd say give them the $100 and tell them to (insert your favorite offensive comment here). Even if you have a 100% of succeeding, if you spend 20 hours on this you aren't making minimum wage. Of course, if you enjoy dragging them around, then by all means do so. But ask yourself, "Is this how I...
by Kevinm1986
Tue Sep 11, 2007 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Refusing to pay a bill
Replies: 20
Views: 6780

IRA eligbility/earned income question

I'm currently a grad student and teaching assistant. I receive a full scholarship (non-taxable) and a stipend as payment for my teaching assistant duties. I know the stipend money is taxable income. My question is whether it counts as earned income for the purposes of an IRA. The applicable IRS publ...
by Kevinm1986
Thu Sep 06, 2007 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA eligbility/earned income question
Replies: 1
Views: 892

From espn.com's Page 2 and Tuesday Morning Quarterback by Gregg Easterbrook: Measured per million miles traveled, the fatality rate for passenger cars has been declining for three decades on an almost annual basis, from 3.68 in 1975 to 1.55 in 2005, the 2005 number being the lowest fatality rate eve...
by Kevinm1986
Thu Sep 06, 2007 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: OT: Deaths in Car Accidents per Mile Driven
Replies: 6
Views: 2180

Index funds with low fees don't work...

...for brokers.
by Kevinm1986
Wed Aug 29, 2007 8:31 pm
 
Forum: Investing - Theory, News & General
Topic: "Index funds with low fees don't work"?
Replies: 14
Views: 3892

It's an interesting question, but I think that the cause and effect is probably the other way around. My gut instinct says that people who retire early (or even at the usual 65-or-so age) are probably less healthy (and less happy) than people who love their jobs so much that they keep working at 80 ...
by Kevinm1986
Tue Aug 14, 2007 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does early retirement lead to premature decline & brain
Replies: 22
Views: 6437

The advice is given for taxable accounts because it's easier to rebalance, and because it makes less of a tax headache (fewer small lots bought with dividends). It's also possible that if you sold some shares to capture a capital loss and then had dividends automatically reinvested, you would have a...
by Kevinm1986
Tue Aug 07, 2007 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dividends and Capital Gains - Reinvest or to another acct?
Replies: 6
Views: 2378

Re: Do you own Berkshire Hathaway? (BRK.B)

2. the track record is extraordinary. So far out on the right tail of probability outcomes as to be almost unimaginable. I think the reason for that has a lot to do with 1, the way they manage their investments and their portfolio companies. It also has to do with Warren Buffet and Charlie Munger. ...
by Kevinm1986
Sun Jul 01, 2007 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you own Berkshire Hathaway? (BRK.B)
Replies: 33
Views: 11653

There's no way I could see myself taking out a loan just to invest. But if I had student loans (which I don't) at a very low cost, I wouldn't feel bad about not paying them off and investing in stocks instead. I don't have a house, either, but again, if the interest rate were fairly low, I wouldn't ...
by Kevinm1986
Wed Jun 06, 2007 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Why not a 115% Equity Portfolio?
Replies: 60
Views: 21843

I use TSM + SV for my domestic equity holdings. TSM gives me what the S&P 500 gives me while also giving me the entire US market; SV lets me tilt to small and value simultaneously. My main reason for using fewer funds is to get to Admiral status sooner (although, alas, there are no Admiral share...
by Kevinm1986
Wed Jun 06, 2007 1:32 am
 
Forum: Investing - Theory, News & General
Topic: What is the best way to value tilt a portfolio?
Replies: 41
Views: 20803

It's interesting that a fundamental index can consistently manage to outperform both a cap-weighted (i.e. growthier) fund and a value fund simultaneously. It certainly seems like it should be possible to combine a value fund and a total market cap-weighted fund and have them perform compaably to a f...
by Kevinm1986
Fri Jun 01, 2007 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Is Fundamental Indexing superior to Cap Weighted indexing?
Replies: 116
Views: 44280

I just view it as value tilting under another name. And I'd rather just own a normal, cap-weighted value index fund than a fundamentally-weighted broad market fund.
by Kevinm1986
Fri Jun 01, 2007 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Is Fundamental Indexing superior to Cap Weighted indexing?
Replies: 116
Views: 44280

John C. Bogle has to be number one. He pioneered two important things: index investing and low-cost mutual funds. Using low-cost index funds will do far more for my wealth than anything else, so Bogle is number one on my list. Without him, we may never have had either--that's quite a scary thought.
by Kevinm1986
Thu May 31, 2007 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: Who is your financial Idol?
Replies: 44
Views: 16261

One idea would be to max out any 401k ... before starting a taxable account. This is indeed the case if you are investing for retirement or another goal in some distant future. But if you need money in a few years, say for a downpayment on your home, then you can't "lock" that money into ...
by Kevinm1986
Thu May 31, 2007 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: which fund to start with in taxable investing?
Replies: 13
Views: 4819

One idea would be to max out any 401k/Roths available to you before starting a taxable account. The Roth contributions can always be withdrawn without penalties or taxes (and there's an additional provision for withdrawing money to put toward a house), so that can go towards a house (it could even b...
by Kevinm1986
Thu May 31, 2007 1:12 am
 
Forum: Investing - Help with Personal Investments
Topic: which fund to start with in taxable investing?
Replies: 13
Views: 4819

Vanguard just thinks that people with larger amounts invested in funds deserve a break on their expense ratios. It's a good thing! Vanguard Investor share expense ratios are good. Vanguard Voyager share expense ratios are better. Admiral shares are classes of mutual fund shares. Voyager only refers...
by Kevinm1986
Fri May 25, 2007 1:00 am
 
Forum: Investing - Theory, News & General
Topic: Voyager status
Replies: 15
Views: 5139

FWIW I'm in the non-ETF Vanguard Small Value, but even then I don't think I'm losing enough in tax efficiency to erase the value premium.
by Kevinm1986
Thu May 24, 2007 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small value in a taxable account
Replies: 14
Views: 6553

Small value in a taxable account

I know that small value isn't terribly tax efficient, and it's best in tax-deferred accounts, if possible. But I had never seen anything quite as cut and dry as Laura's comment in the "questions for the experts" thread: In my opinion it is not worth holding small value in taxable. You can ...
by Kevinm1986
Thu May 24, 2007 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small value in a taxable account
Replies: 14
Views: 6553

I seriously doubt any reputable, major company (including any of the four you list) would say "Tough luck" if you're a victim of fraud. There would be way too much negative publicity. And really, would you be that much better off if only half of your money were robbed? You'd be mighty upse...
by Kevinm1986
Thu May 24, 2007 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: Simplicity vs. Risk of using a single investement account
Replies: 12
Views: 3446

We're moving to a place where prices are a bit on the high side and may see a slow slide in the next few years. But the truth is, I can ride out a big drop in housing prices. I'd just feel really ticked off I suppose. But remember: a house whose value drops $100k, $200k, $300k overnight in a housin...
by Kevinm1986
Mon May 21, 2007 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: House: To Buy or Not to Buy
Replies: 30
Views: 10726

It looks like you're in fantastic financial shape. You've done a great job building a Boglehead portfolio. A few things: 1. There's no need to have both VFINX and VTSMX. They behave very similarly. I would suggest getting rid of the VFINX and converting it to either VTSMX or another fund. VTSMX incl...
by Kevinm1986
Mon May 21, 2007 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my portfolio...
Replies: 15
Views: 3913

If she says "No thanks," and she's got plenty enough to live on, then I think you pretty much have to butt out. Yes, it's entirely possible that her money is being managed irresponsibly, damaging either you and your family's future inheritance or money she could donate to charity when she ...
by Kevinm1986
Sun May 20, 2007 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandma may be getting cheated, but should I do something?
Replies: 22
Views: 7147

One thing to consider with Roths vs. 403b's, traditional IRA's, and the like is that you've already paid taxes on the Roth, but you still have to pay taxes on the non-Roth. That is, $1000 in a Roth is worth more than $1000 in a 403b. If you withdraw that $1000 from your 403b and you're in the 25% ta...
by Kevinm1986
Sun May 20, 2007 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Placement of funds in ROTH vs Traditional IRA vs. 403b7
Replies: 33
Views: 11298

FWIW, while I've never tried to pass off chores and the like as earned income, I do work for various theatre companies, and I mostly get paid in a quasi-under-the-table fashion. I believe the threshhold for companies to have to send out a 1099 is $600, and I only had one company pay me that much (an...
by Kevinm1986
Sat May 19, 2007 3:51 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA for newborn
Replies: 20
Views: 6747

Why not go into SV and REIT right away? You won't be at your target, but having 2% of either is closer than having 0%.
by Kevinm1986
Wed May 16, 2007 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with this money?
Replies: 13
Views: 4257

Re: A good reason to index

Since aproximately only 20% of active mangers beat the index, and the 20% is not always the same, why would a knowledgeable investor pick one of the boxes with an unknown amount inside? Regards, Wick My portfolio is all indexed (except for less than 5% fun money), but this is a bit of an unfair com...
by Kevinm1986
Wed May 16, 2007 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: Managed Funds - How do investors still justify using them?
Replies: 51
Views: 22762

Hello Kevin, Funny you write that. I went to a Catholic school, and the theology department was liberal...and the philosophy department very conservative. (I don't like using these terms, they tend to obscure things as much as they clarify but...) Perhaps, there was a similar phenomenon at your sch...
by Kevinm1986
Wed May 16, 2007 10:08 pm
 
Forum: Investing - Theory, News & General
Topic: The Economist: Gored by the bull
Replies: 15
Views: 4607

Please keep in mind that most economists are closet socialists. To be sure, there are those from the Chicago school and others who are strong advocates of free enterprise. But my observation is that they are more the exception than the rule. Best wishes, Michael Well, I went to a very liberal Catho...
by Kevinm1986
Wed May 16, 2007 9:42 pm
 
Forum: Investing - Theory, News & General
Topic: The Economist: Gored by the bull
Replies: 15
Views: 4607

No, unless you're not a U.S. citizen (maybe U.S. resident?) or unless you're subject to backup withholding.
by Kevinm1986
Wed May 16, 2007 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard withhold federal taxes?
Replies: 7
Views: 2755

Thank you all for your prompt and informative replies. I completely understand why tax-managed funds lower the income tax and how that is important to long-term returns. I am probably missing something basic, but I still don't understand why the distribution is bad if you are only taxed on a percen...
by Kevinm1986
Tue May 15, 2007 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax-Managed Index Funds
Replies: 13
Views: 4680

Re: Boglehead newbie with beginning investing questions

B185CS wrote:You probably only need VBMFX plus either VFINX or VGTSX. There is a lot of overlap between VFINX and VGTSX so having both would be somewhat redundant. And you wouldn't be as diversified as you might think you are.


There isn't any overlap between the 500 Index and Total International.
by Kevinm1986
Mon May 14, 2007 5:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead newbie with beginning investing questions
Replies: 31
Views: 11073

Max out your 401k. Does your wife have a 401k? Max that out too. And fund Roths for you and your wife. All told, that's about $40k a year. Hopefully you can afford that on a joint $100k income. If not, you're probably spending too much money. What funds to recommend depends on what's available to yo...
by Kevinm1986
Mon May 14, 2007 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead newbie with beginning investing questions
Replies: 31
Views: 11073

My advice: 1. Live below your means and save as much as possible. 2. Invest in low cost mutual funds. There's nothing wrong with having some "fun money"--about 5% of my portfolio is in individual stocks--but limit it to 5% at most. Everything else should be in a well-diversified group of m...
by Kevinm1986
Sat May 12, 2007 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fresh start personal finance advice
Replies: 18
Views: 5560

Correct me if I'm wrong: in a nasty bear market, interest rates go down, so long term bonds benefit more than short term bonds. And all bonds benefit because people run from stocks in a panic. I guess this is an argument for longer term bonds, but the risk is that interest rates will skyrocket at so...
by Kevinm1986
Tue May 08, 2007 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: Diversifying Power of Longer Term US Treasuries
Replies: 55
Views: 17654
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