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Re: Why do we tip restaurant servers?

I work as a server in fine dining for a living. 95% of my income comes from tips. In fact, some weeks I get a paycheck of $0.00 as the taxes on my tips are taken out of my wages reducing them to zero. In short, you tip your server because the system (for good or bad) is set up in such a manner that ...
by RyeWhiskey
Fri Aug 22, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2198

Re: A question about Sherry

Sherry, like port, is a fortified wine. Regular wine ought not be exposed to oxygen until one is ready to consume it and then it ought be exposed for anywhere from 5 minutes to 3 hours depending upon the wine. Many sherries, on the other hand, are already partly oxidized and hence they do not 'suffe...
by RyeWhiskey
Fri Aug 22, 2014 4:58 pm
 
Forum: Personal Consumer Issues
Topic: A question about Sherry
Replies: 13
Views: 1264

Re: To be truly rich, take stock of your life before investi

It seems that to say you want to be "rich" is viewed as a negative thing. I mentioned investing as a way to gain wealth on a popular vacation spot and somehow in the minds of others, it translating into me being some money hungry, possession craving person who neglects their family in the...
by RyeWhiskey
Wed Aug 20, 2014 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 30
Views: 4461

Re: New iShares Global REIT ETF

VEET: 238 holdings; 62% US, the rest in UK, Australia, Japan, Canada, France, and a couple others. On the other hand Vanguard's REIT Index has 138 holdings, and their Ex-US REIT Index has 532 holdings with a much larger percentage of emerging markets. I think REET would make a good choice for many p...
by RyeWhiskey
Mon Aug 18, 2014 8:25 pm
 
Forum: Investing - Theory, News & General
Topic: New iShares Global REIT ETF
Replies: 5
Views: 579

Re: Safety of Finance Apps

Consider this important difference between apps like PersonalFinance and apps like SigFig. The former allow you to actually move money in the app (liability) while the latter do not - they are 'view only' apps. I use the latter for this simple reason. :beer
by RyeWhiskey
Mon Aug 18, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safety of Finance Apps
Replies: 13
Views: 757

Re: What was Underestimated\Overestimated in Retirement

My parents retired about 5 years ago. In the past year I was able to get them on a budget, establish an EF, and get their assets transferred to Vanguard. Now that they have a budget they are astonished at the amount they spend dining out. With me long since out of the home and with both of them in a...
by RyeWhiskey
Sun Aug 17, 2014 4:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4655

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

Given that the market is a zero-sum game, shouldn't we be applauding posts like the OP's? :beer
by RyeWhiskey
Sat Aug 09, 2014 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 4383

Re: 3.3% Vanguard 10 year CD

Also some contradiction I am comfortable with taking the inflation risk if my yield is above average. No contradiction at all, let me extrapolate my statement, I am comfortable taking the inflation risk if the yield of my CD is at or above average inflation. Otherwards if the yield is 3% or higher ...
by RyeWhiskey
Sat Aug 09, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 96
Views: 8896

Re: Questions from a novice

- The University offers a ORP (Optional Retirement Program) through TIAA-CREF and Fidelity. Under this program, employee contributions are 6% of salary taken on a before-tax basis, and employer contributions are 6.84%. My understanding is that I cannot contribute more than 6.84% to this fund. Am I ...
by RyeWhiskey
Fri Aug 08, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions from a novice
Replies: 17
Views: 956

Re: average American eats out 203 times per year

I'm 28, male, and single I am WAAAAAY over 203 times per year. Definitely at least once per day, sometimes twice. My food budget is at like $800/month I have the opposite situation. I'm 28, male, and in a wonderful committed relationship whereby we both are far too poor to eat out daily. I try to e...
by RyeWhiskey
Fri Aug 08, 2014 2:46 pm
 
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 6404

Re: A few days in San Francisco - what to do?

Being a native, I am not a fan of the touristy things. But if that's your bag, then what's been suggested so far is ample. I'd say that you should go to Muir Woods on Thursday, not Fri/Sat, as early as possible. On Friday you could go for a walk around Angel Island, which gives picturesque views of ...
by RyeWhiskey
Wed Aug 06, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: A few days in San Francisco - what to do?
Replies: 9
Views: 667

Re: How do you document your HSA "stuff?"

I just went into my hospital and set an appointment to photocopy a couple years of records, did so, and keep them in a folder. It has all the money I spent during those years on one easy piece of paper. The other thing to remember is that you can withdraw the money penalty free after the age of 65 r...
by RyeWhiskey
Mon Aug 04, 2014 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2176

Re: International investing. A good call by our mentor.

I think if we take into account the following widely-accepted and practiced general outlines, the conclusion is clear: - Keep things simple and costs low - Diversify - Stay the course The conclusion: Vanguard Total World Stock Market fund. Maximum diversity, maximum simplicity, low costs, easy to st...
by RyeWhiskey
Thu Jul 31, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 145
Views: 12360

Re: Grad school decision - Help requested

It seems as though a bit more information is necessary: - This is a Master's Program from Pacific Northwest College of Art. The program is entitled "Critical Theory and Creative Research." - I am only applying to the one school for the one program which is very specific. - It is a single-y...
by RyeWhiskey
Tue Jul 29, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Grad school decision - Help requested
Replies: 25
Views: 2363

Grad school decision - Help requested

Hello fellow Bogleheads, It's time for a post regarding my situation. I'm seeking general financial advice as I've come quite some way since finding this forum and taking control of my finances. I am applying for graduate school at the moment, which will cost a total of $47,500. Fortunately, FAFSA b...
by RyeWhiskey
Tue Jul 29, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Grad school decision - Help requested
Replies: 25
Views: 2363

Re: Do any boggleheads invest in individual companies?

I have a very, very, small portfolio compared to most Bogleheads and I own two individual stocks which make up under 5% of my total portfolio. I bought them with the sole purpose of speculating and am willing to lose all that money should fate decide it so. It is important to differentiate between i...
by RyeWhiskey
Mon Jul 28, 2014 8:37 pm
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 5760

Re: Bonds beat stocks over the last 15 years

To all those calling out the OP on cherry-picking data, I believe the overall point is that one ought not expect premiums to be consistent (as is proved in the OP). In other words, one ought to expect nothing outside of one's control. Hence asset allocation, low costs, and staying the course are the...
by RyeWhiskey
Thu Jul 24, 2014 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds beat stocks over the last 15 years
Replies: 93
Views: 8089

Re: Where is your brokerage account?

New college graduate just beginning to have some income to invest. I've owned mutual funds with Vanguard for a few months and now I want to purchase ETFs through Vanguard too. Do you open a brokerage account with Vanguard and transfer your funds from your bank to Vanguard? Or do you have direct dep...
by RyeWhiskey
Wed Jul 23, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where is your brokerage account?
Replies: 41
Views: 2704

Re: retirement fund or college fund?

I've got $50K to put either way---I'm looking at either putting it toward our retirement or toward my son's college. He's 11. What's a good way to put this to use? what's the better use here? Stick it in the 401K or have a separate college fund (I have used college cost estimators and find that it'...
by RyeWhiskey
Thu Jul 17, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 887

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

My dedicated REIT allocation is 3.51%. That is the allocation to REITs in the Vanguard Total World Stock Index fund. :beer
by RyeWhiskey
Wed Jul 16, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 7294

Re: New Grad needing some advice

1. Set up an emergency fund. Look at the Bogelhead wiki for more information. 2. Set up a Roth IRA. Again, see the wiki. 3. Check out your employment for a 401k or other retirement plan (with a match if possible). Again, see the wiki. 4. Keep reading the wiki or get the Boglehead's guide books if yo...
by RyeWhiskey
Tue Jul 15, 2014 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Grad needing some advice
Replies: 19
Views: 1802

Re: POLL: Walmart vs Amazon

What do you prefer and why? How do prices match up and do you have tips for Amazon shopping as far as getting everyday items like paper towels, soap? Do you buy any food or buy in bulk off of Amazon? What are some other factors such as job creation, local tax revenue, etc? I shop at both but after ...
by RyeWhiskey
Sat Jul 12, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Walmart vs Amazon
Replies: 137
Views: 8541

Re: Emerging Markets: making up 5% of your equities?

EM make up 7.2% of my portfolio: the amount of EM in the Total World Stock Index which is my only equity holding. As to your claim that EM won't drop when US equities do, I believe that EM took a huge (larger than domestic) hit in 2008. You should examine the correlations which I believe are quite h...
by RyeWhiskey
Sat Jul 12, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets: making up 5% of your equities?
Replies: 47
Views: 3660

Re: Portfolio Review request for investment accounts

Current Retirement Assets (mid 6 figures) Taxable at Etrade: 6% of portfolio 100% uninvested 100% Total International Stock Index His SIMPLE plan at Etrade: 30% of portfolio 100% in (VTI) - Vanguard Total Stock Market ETF, expense ratio .05% His Roth IRA at Etrade: 16% of portfolio 100% invested in...
by RyeWhiskey
Fri Jul 11, 2014 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review request for investment accounts
Replies: 5
Views: 596

Re: Boglehead Rules Of Thumb To Investing?

1) Live well below your means.
2) Invest regularly and responsibly.
3) Keep things simple, low cost, and long term.

:sharebeer
by RyeWhiskey
Fri Jul 11, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead Rules Of Thumb To Investing?
Replies: 23
Views: 3301

Re: Portfolio makeover please - am I too cash heavy?

Rolling/transfering everything to Vanguard is an excellent idea (my parents just did the same and couldn't be happier). You only have to deal with one (excellent) institution and you only get one set of tax forms, etc... Assuming that you will do this and given that you stated a desired 70/30 stock/...
by RyeWhiskey
Wed Jul 09, 2014 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio makeover please - am I too cash heavy?
Replies: 26
Views: 4000

Re: Want international exposure? You already have it.

It would seem to me as though the argument being put forth in the OP is logically incoherent: Claim A: Maximum diversification is best (Boglehead tenant of investment philosophy). Claim B: Don't diversify into international equities (or bonds for that matter). The argument that one may be "dive...
by RyeWhiskey
Wed Jul 09, 2014 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: Want international exposure? You already have it.
Replies: 65
Views: 6411

Re: Dip into IRAs to pay off CC debt?

I'd say that before you consider something relatively drastic like selling the rental, taking out a mortgage on the home, or liquidating your limited tax-shelter space, you should take one month and dedicate yourself and your spouse to budgeting . You could very well benefit from software like YouNe...
by RyeWhiskey
Tue Jul 08, 2014 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 2068

Re: In Which Theories Should I Have Confidence?

How about this: instead of looking at all the differences in theories, conversations, hypotheticals, allocations, trends, percentages, graphs, portfolios, funds, ERs, etc... you look at the similarities ? Here on the forum and wiki the similarities are glaring: - Low costs - Buy and hold - Broad div...
by RyeWhiskey
Tue Jul 08, 2014 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: In Which Theories Should I Have Confidence?
Replies: 43
Views: 4332

Re: Getting back to trying to live frugal, correct investmen

I agree that you seem to be conflicted on several items. Here's what I would suggest: 1) Establish an emergency fund of 6-12 months expenses. 2) Pay off your credit card debt. 3) Post your 401k investment options in the appropriate format here and work to get to the simplest, lowest cost, allocation...
by RyeWhiskey
Tue Jul 08, 2014 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting back to trying to live frugal, correct investments
Replies: 10
Views: 1460

Re: One Total Stock Market Index Fund or 3-4 Sub-Funds?

^ Regarding: He is handily disproving your black and white opinions over a 10+ year period. No, he isn't. Firstly, in the OP Taylor never claims, nor supports the claim, that a non-titled portfolio will outperform a titled portfolio over a random 10+ year period. So your straw man isn't really relev...
by RyeWhiskey
Tue Jul 08, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: One Total Stock Market Index Fund or 3-4 Sub-Funds?
Replies: 19
Views: 3568

Re: Buffett 2-fund portfolio and 75/50

All I meant by a free lunch is looking for more return and reduced risk at the same time. It's certainly possible (the efficient frontier is basically that), but I wouldn't bet on it one way or the other. For what it's worth, I only own one fund for my equity allocation: the Total World Stock Index....
by RyeWhiskey
Sun Jul 06, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buffett 2-fund portfolio and 75/50
Replies: 18
Views: 2643

Re: Buffett 2-fund portfolio and 75/50

Thanks for the replies. Overthinking and complication are relative terms. One person’s overthinking is another person’s under-thinking. I’m not being a wise guy, that’s absolutely 100% true. I have to live with the choices I make, and I’m afraid just copying what others have done, without understan...
by RyeWhiskey
Sun Jul 06, 2014 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buffett 2-fund portfolio and 75/50
Replies: 18
Views: 2643

Re: Buffett 2-fund portfolio and 75/50

I agree with the rest of the chorus regarding the three fund portfolio, however, I will submit to you that in many cases the three fund portfolio can be simplified even further to a two fund portfolio: X% Total World Stock Index, Y% Total US Bond Index. :beer
by RyeWhiskey
Sun Jul 06, 2014 1:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buffett 2-fund portfolio and 75/50
Replies: 18
Views: 2643

Re: Decumulation accounts, Open Fidelity Cash MGT?

Both Fido and Schwab will meet your needs for bill pay, check writing, fee-free ATM withdrawals, and ease of use online. Both have low cost brokerages which can be attached to their checking accounts. Fido gets the nod as they offer a great credit card which can be managed from the same interface. S...
by RyeWhiskey
Fri Jul 04, 2014 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Decumulation accounts, Open Fidelity Cash MGT?
Replies: 8
Views: 820

Re: [Poll] If all active funds have ER= 0.05%, will you buy

No. If I want to take more risk than the Total World Stock Index then I'll buy an individual stock or two with money I can afford to lose rather than compromise the simplicity of my plan on a managerial gamble. :beer
by RyeWhiskey
Fri Jul 04, 2014 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] If all active funds have ER= 0.05%, will you buy any?
Replies: 55
Views: 2706

Re: Expense Ratio - what's too high?

bertilak wrote:I simply figure that anything over what Vanguard charges for a similar fund is too high.


:sharebeer
by RyeWhiskey
Mon Jun 16, 2014 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: Expense Ratio - what's too high?
Replies: 33
Views: 2846

Re: New investor advice--bond fund?

From the little research I've done I am a firm believer in the "Bogle" philosophy. Simple, low expense index funds, track the market, and you're doing better than most. There is only one thing I am struggling with right now, and that is putting 10% in the Vanguard Total bond market fund. ...
by RyeWhiskey
Fri Jun 06, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor advice--bond fund?
Replies: 8
Views: 624

Re: Vessel For Real Estate Savings

I would ask myself if I'd be asking the same question after the equity market had not experienced a 5 year bull run and the bond markets a 30 year bull run. If the inverse were true, how would 50/50 look? CDs would be my choice for this money, or perhaps a short-term treasury fund. :beer
by RyeWhiskey
Wed Jun 04, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vessel For Real Estate Savings
Replies: 10
Views: 699

Re: Poll: Luxury and Happiness

The sort of things middle class and upper middle class people buy in America today aren't really luxuries, they are just cost-engineered commodities with lots of features-- noisy gadgets with a lot of flashing lights, things that consume time and effort, almost more than they save. Our houses, cars...
by RyeWhiskey
Wed Jun 04, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Luxury and Happiness
Replies: 141
Views: 8578

Re: Another Reason to Index

"Boglesaurs" I think this should be added to the wiki. +1. I honestly believe it's a valuable term. It describes our grandparents (maybe parents) who thought like us, using the best tools and info available during their times to limit costs, risk and to maximize portfolio returns. Perhaps...
by RyeWhiskey
Wed Jun 04, 2014 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: Another Reason to Index
Replies: 26
Views: 2625

Re: HSA (Healthcare Spending Account) Investment Options

Yikes! Those investment options are mighty expensive. If you're not going to use the HSA for medical expenses but are going to treat it as a retirement account then the only fund which would work for me would be: JPMorgan Equity Index Fund – Select Shares…… HLEIX It's basically a closet S&P 500 ...
by RyeWhiskey
Tue Jun 03, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA (Healthcare Spending Account) Investment Options
Replies: 5
Views: 583

Re: Technical Analysis Drags Down Performance

Everyone knows the infamous investing disclaimer, "Past performance does not predict future results." Yet technical analysis is fundamentally based upon the assumption that past performance can indeed predict future results. Which one is right? Technical analysis is based on human behavio...
by RyeWhiskey
Tue Jun 03, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Technical Analysis Drags Down Performance
Replies: 52
Views: 2450

Re: Favorite guitarist...

Django Reinhardt. Next question. :sharebeer
by RyeWhiskey
Tue Jun 03, 2014 2:46 pm
 
Forum: Personal Consumer Issues
Topic: Favorite guitarist...
Replies: 207
Views: 21098

Re: wealthfront risk tolerance vs "rule of thumb"

At first glance, that's seven funds that Wealthfront is suggesting you hold, far too many in my opinion. I suggest you hold two funds: Vanguard Total World Stock Index and the Vanguard Total Bond Market Index. Sit down and pick an allocation that makes sense to you and that you think you'll hold for...
by RyeWhiskey
Tue Jun 03, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: wealthfront risk tolerance vs "rule of thumb"
Replies: 11
Views: 1089

Re: 100% VT - HIGH TAX, HIGH TRADING COST - PLEASE COMMENT

Why not move the assets from bonds to VT and then buy the appropriate amount of CDs and/or I-Bonds to round out your bond portion and stabilize your portfolio. CDs and I-Bonds cost nothing to purchase and are very tax-efficient. You also stated that you have the cash so this doesn't seem out of line...
by RyeWhiskey
Tue Jun 03, 2014 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% VT - High Tax, High Trading Cost - Please Comment
Replies: 6
Views: 860

Re: Young Investor: Slightly Changing AA to get Admiral Fund

I'd first like to say, welcome and congratulations on your progress thus far. I agree wholeheartedly with DSInvestor's post above regarding looking at your Roth+401k as a total allocation rather than viewing them separately. Here are my thoughts on your more recent questions: Taxable Accounts $5k in...
by RyeWhiskey
Mon Jun 02, 2014 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor: Slightly Changing AA to get Admiral Funds?
Replies: 15
Views: 991

Re: Swenson question

I just re read unconventional success and was wondering why he didn't make any mention at all about precious metals as a hedge against inflation. In fact he didn't even mention gold at all even as a non-core asset to not invest in. I wonder why no mention of this asset class either way? Gold has a ...
by RyeWhiskey
Mon Jun 02, 2014 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: Swenson question
Replies: 10
Views: 1079

Re: Vanguard Continues to Lower Expenses

Always nice to read new like this. However, to piggypack on the complain train, 0.30% is quite pricey for the Total World Stock Index. I'd really like to see an Admiral Shares offering for this all-world fund given that it is, effectively, the essence of indexing. :beer
by RyeWhiskey
Mon Jun 02, 2014 1:16 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Continues to Lower Expenses
Replies: 15
Views: 3624
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