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Re: what would you do with this small amount of savings

thanks much for the replies. Very helpful, sort of :beer
by Splais
Wed Jan 29, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: what would you do with this small amount of savings
Replies: 4
Views: 721

what would you do with this small amount of savings

So I am 70, single, in good health, and retired from federal civil service. I have never been any good with money. Just recently I got things in order finally and have no debt at all other than my mortgage. I have a couple thousand dollars in an everyday-extra-expenses savings account I put $300 a m...
by Splais
Tue Jan 28, 2014 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: what would you do with this small amount of savings
Replies: 4
Views: 721

Putting Home in Revocable Trust

I am 70 yrs old and am in the process of purchasing a second home my son (only living relative) will live in as his regular residence. The house will have a fixed rate 30 yr mortgage. I am trying to figure out the best way to insure this house (and actually my primary residence, no mortgage) passes ...
by Splais
Mon Sep 30, 2013 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Putting Home in Revocable Trust
Replies: 8
Views: 1450

Re: Tax Loss Harvesting - what am I missing?

Why say to "hold forever". Why does how long you hold the fund have anything to do with TLH? Also why bother to look for a "similar" fund. 31 days is nothing; seems to me, just wait a month and buy your same preferred fund again.
by Splais
Sun May 12, 2013 10:35 am
 
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - what am I missing?
Replies: 19
Views: 1251

Tax Loss Harvesting - what am I missing?

I just read about tax loss harvesting and am wondering about something. If you can carry looses forward year to year and you can buy back into the same fund 31 days later - why wouldn't you sell and then rebuy any fund that was going to loose money at the end of the year? I think I am missing someth...
by Splais
Sat May 11, 2013 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - what am I missing?
Replies: 19
Views: 1251

Re: Another Wellesley vs Target Retirement Income Question

Steve Roy, what is the "job" Wellesley does for you? And what is it that TRI does for you?
by Splais
Sat May 11, 2013 1:19 am
 
Forum: Investing - Theory, News & General
Topic: Another Wellesley vs Target Retirement Income Question
Replies: 40
Views: 2756

Re: Another Wellesley vs Target Retirement Income Question

I was aware of the points you made. Maybe I am just not understanding. But the things you highlighted, to me, just seem like issues of accepting or not accepting, more risk. What I can't seem to grasp is how these two funds complement each other to the point of being beneficial to hold both.
by Splais
Fri May 10, 2013 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: Another Wellesley vs Target Retirement Income Question
Replies: 40
Views: 2756

Re: Another Wellesley vs Target Retirement Income Question

each of these funds has strengths not offered by the other

That is what I would like to know. Could you amplify. thanks.
by Splais
Fri May 10, 2013 10:21 pm
 
Forum: Investing - Theory, News & General
Topic: Another Wellesley vs Target Retirement Income Question
Replies: 40
Views: 2756

Another Wellesley vs Target Retirement Income Question

In the last couple of months I have read several threads that talk about the Vanguard Wellesley fund and Vanguards Target Retirement Income fund. Numerous times I have come across comments where people are putting their money in both funds. I've looked at the performance of both funds in up market p...
by Splais
Fri May 10, 2013 9:07 pm
 
Forum: Investing - Theory, News & General
Topic: Another Wellesley vs Target Retirement Income Question
Replies: 40
Views: 2756

Re: Do you believe stocks are safer the longer they are held

Can a beginner comment? To me the risk is constant and unknown at any specific time. How you reduce the risk is by extending the time you have stocks (invest early) and reducing your exposure to stocks the closer you get to needing the money. The market goes up and the market goes down. We can't kno...
by Splais
Tue May 07, 2013 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Do you believe stocks are safer the longer they are held?
Replies: 80
Views: 3722

Re: My Plan and Questions

Thanks, BL. After a 153 views I'm glad someone took the time to respond! Obviously I didn't write this up very good or I would have had better responses. Maybe I should amplify a little. The $50K in VTINX is money I seriously want to leave to my son. But considering how life events always seem to co...
by Splais
Fri May 03, 2013 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Plan and Questions
Replies: 4
Views: 471

My Plan and Questions

I am a 70 year old single male in excellent health with a 23 year old son. My 94 year old mother has her own funds that cover her living expenses which includes a house I have an interest only loan on that I will own free and clear on her passing. I have a federal pension with the Civil Service Reti...
by Splais
Thu May 02, 2013 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Plan and Questions
Replies: 4
Views: 471

Re: Brand New to Investing- Lost

Pondo33, I am in pretty much the same situation you are. I read BG to I which was very good, and the Elements of Investing by Ellis. But the one that really helped was The Only Guide You'll Ever Need for the Right Financial Plan by Swedroe. It explained a lot of the different areas of investing I ha...
by Splais
Wed May 01, 2013 12:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Brand New to Investing- Lost
Replies: 37
Views: 3297

Re: Taxes, cap Gains & Inherited Money?

yes, i just read about how the valuation date/price is changed to the date of death, not the date/price of original purchased.
by Splais
Sun Apr 28, 2013 8:41 pm
 
Forum: Investing - Theory, News & General
Topic: Taxes, cap Gains & Inherited Money?
Replies: 10
Views: 649

Re: Taxes, cap Gains & Inherited Money?

there is no magic wand you can wave to make it all turn into a tax sheltered investment.

This is the jist of what I was after. Thanks all.
by Splais
Sun Apr 28, 2013 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: Taxes, cap Gains & Inherited Money?
Replies: 10
Views: 649

Taxes, cap Gains & Inherited Money?

situation: you inherit money in a mutual fund with extensive capital gains. I understand you can immediately sell the funds upon inheriting, then take the cash an purchase a Roth IRA. Question: are you limited to the annual limit and/or your earned income; or, because it was inherited money, you cou...
by Splais
Sun Apr 28, 2013 8:16 pm
 
Forum: Investing - Theory, News & General
Topic: Taxes, cap Gains & Inherited Money?
Replies: 10
Views: 649

Re: Roll out initial investments over how long time?

OP You did not mention in your original post your duration, how long is this money going to be invested. If it will be there for 30+ years and not withdrawn for anything less than the absolute worst catastrophe, then investing all in probably would let you sleep at night because the odds of a full o...
by Splais
Sat Apr 27, 2013 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll out initial investments over how long time?
Replies: 20
Views: 937

Re: Penny stocks. Is this a scam for 95% of investors?

Just for fun I subscribed to a certain newsletter. I got there new hot stock pick that was GOFF a gold mining operation. The stock was something like $0.12 a share. I got emails every few days telling me it would go sky high and to "buy now". Even when the stock went down a little I got a ...
by Splais
Fri Apr 26, 2013 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: Penny stocks. Is this a scam for 95% of investors?
Replies: 14
Views: 1568

Re: Two Questions

I'll check into "Wise Investing".
by Splais
Fri Apr 26, 2013 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Two Questions
Replies: 11
Views: 633

Re: Two Questions

I don't want to know this 'stuff" so I can micro manage. I want to know it so I just understand what something is when I see it. And maybe there isn't an easy way and I just need to look it up as I come upon it.
by Splais
Fri Apr 26, 2013 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: Two Questions
Replies: 11
Views: 633

Two Questions

If I take the monthly posted dividend of a fund x the number shares that gives me the cash value of that dividend. If I then multiply that monthly dividend by 12 it gives me a snapshot (at that moment) of the funds annual return. If the fund posts ST Cap Gains, I need to add those in to get the full...
by Splais
Fri Apr 26, 2013 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: Two Questions
Replies: 11
Views: 633

Re: A basic Question That Has Been Bothering Me

But should it not stand that IF you recognize the fact of chart 2 and IF you recognize that Wellington has performed well through many managers and many market conditions - that there may be something good in its basic investment philosophy?
by Splais
Thu Apr 25, 2013 6:34 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3264

Re: A basic Question That Has Been Bothering Me

Nisiprius, once again you have helped me greatly. I actually comprehend nearly all of what you write. Your second chart was something I had already stumbled on that is one of my other "findings" I'm trying to learn and comprehend - 10 years means nothing to the market; but is a good chunk ...
by Splais
Thu Apr 25, 2013 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3264

Re: A basic Question That Has Been Bothering Me

thanks, all especially avalpert
by Splais
Thu Apr 25, 2013 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3264

A basic Question That Has Been Bothering Me

Yes, I know, I have read it over and over again. "Past performance doesn't guarantee future results". That being said, how do you balance that with something like the Wellington fund that has returned over 8%, on average, for 84 years! comments?
by Splais
Thu Apr 25, 2013 2:45 pm
 
Forum: Investing - Theory, News & General
Topic: A basic Question That Has Been Bothering Me
Replies: 30
Views: 3264

Re: Wellesley Vs. Target Retirement Income

Forgive me if I am not understanding, or misunderstanding. Is what you show just a decision at what level you want to hold each asset. When I think of "complementing" I think of two things that are contrarian to each other that help to level out the playing field. Not sure I see that in a ...
by Splais
Thu Apr 25, 2013 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley Vs. Target Retirement Income
Replies: 46
Views: 5334

Re: Wellesley Vs. Target Retirement Income

Taylor, thank you. You confirmed what I suspected. I really am starting to understand about ignoring the "noise" as a good Boglehead should; but there is SO MUCH of it out there. I'm discovering that if you just look enough you will find exactly "what" you think you want to belie...
by Splais
Thu Apr 25, 2013 10:54 am
 
Forum: Investing - Theory, News & General
Topic: Wellesley Vs. Target Retirement Income
Replies: 46
Views: 5334

Re: Wellesley Vs. Target Retirement Income

Maybe you have answered part of my question, but I think I should have worded it differently. How do these two funds compliment each other, if they do?
by Splais
Wed Apr 24, 2013 11:25 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley Vs. Target Retirement Income
Replies: 46
Views: 5334

Re: Wellesley Vs. Target Retirement Income

I've read this entire thread and a few others on the Wellesley vs TRI debate. One thing I haven't gotten a grasp on yet is why a number of people hold these two funds together. I'm new to all this and would appreciate any comments from those who know or are doing it - what they gain by having both f...
by Splais
Wed Apr 24, 2013 10:41 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley Vs. Target Retirement Income
Replies: 46
Views: 5334

MM and Vanguard Funds

Could someone tell me if it makes any difference at all time wise if you have money in a MM you put into and may occasionally take out of a Vanguard MF; if the MM is or is not with Vanguard?
by Splais
Tue Apr 23, 2013 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: MM and Vanguard Funds
Replies: 2
Views: 357

Rebalancing and Balanced Funds

I think this is correct: If I have a simple three fund portfolio and if stocks take a huge hit like in 2008 I would rebalance my assets, moving money from bond fund into stock fund. Now, if instead of a three fund portfolio I have something like TR Income or Wellesley Income - did those funds rebala...
by Splais
Sun Apr 21, 2013 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Rebalancing and Balanced Funds
Replies: 2
Views: 503

Re: Choosing a REIT: index fund or ETF?

Nisi...,

I love reading your stuff. By chance do you know what was different between the green circle and the red circle that made the REIT act so differently. Thanks
by Splais
Thu Apr 18, 2013 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing a REIT: index fund or ETF?
Replies: 9
Views: 1036

Market conditions affecting bond funds?

In doing my reading about bond funds i stumbled on something else I don't understand. In comparing Vanguards Total Bond Market Fund to their Intermediate Tax Exempt Bond Fund I observed the following: over the long term (10 years) the TBM outperformed the TEB; but if I look at just the past year or ...
by Splais
Thu Apr 18, 2013 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: Market conditions affecting bond funds?
Replies: 1
Views: 321

Re: Total bond Market vs Tax Exempt Bond Fund

well the second part was not meant to be a political question, but a financial one I thought. I read something a while ago that was of the jist that if the national debt was high enough and interest rates started rising, the payments on those debts would suck up every penny the government has. But, ...
by Splais
Wed Apr 17, 2013 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond Market vs Tax Exempt Bond Fund
Replies: 11
Views: 1132

Re: Total bond Market vs Tax Exempt Bond Fund

things are a little topsy turvy right now Is it possible to explain in just a few sentences what it is that is making things "topsy turvy". I have no idea if it is part of this discussion. but I have been thinking about something for a while now. It is totally unreal that the govt has bee...
by Splais
Wed Apr 17, 2013 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond Market vs Tax Exempt Bond Fund
Replies: 11
Views: 1132

Re: Total bond Market vs Tax Exempt Bond Fund

I am 70 without any earned income. I know all my questions are disjointed. Not trying to hide anything. I just finished BGtoI, getting ready for second book. It's just that I keep reading and every question leads to three new questions. I'm trying to learn stuff that impacts my 94 year old mothers m...
by Splais
Wed Apr 17, 2013 9:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond Market vs Tax Exempt Bond Fund
Replies: 11
Views: 1132

Re: Total bond Market vs Tax Exempt Bond Fund

my taxable income is around $65K and will most likely remain in the range $60K-$75K for a few years more at least. I think what I read said that if you where at or above 25% tax rate then in the long term tax exempt would give you a higher return than total bond market after taxes. I don't know near...
by Splais
Wed Apr 17, 2013 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond Market vs Tax Exempt Bond Fund
Replies: 11
Views: 1132

Total bond Market vs Tax Exempt Bond Fund

My latest reading has been about using the Total bond market ((VBMFX) or a Tax-Exempt Bond Fund like VWITX in a portfolio asset allocation. I think I understand about maturity/duration and how interest rates affect them. I think I'm right in that generally it is consider it would be better to be in ...
by Splais
Wed Apr 17, 2013 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total bond Market vs Tax Exempt Bond Fund
Replies: 11
Views: 1132

Re: Most Vanguard Funds just finished converting to CRSP

could someone tell a new guy what the ramifications of this are? thanks.
by Splais
Wed Apr 17, 2013 12:48 am
 
Forum: Investing - Theory, News & General
Topic: Most Vanguard Funds just finished converting to CRSP
Replies: 10
Views: 1567

Adding a fourth leg - good idea

I'm working on an asset allocation as much as a learning tool for myself as an actuality. The holder of the below allocation is not eligible for a tax-advantaged account. Portfolio value $100K. Could anyone please help with the following. A three fund portfolio allocated as follows: 40% Intermediate...
by Splais
Wed Apr 17, 2013 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Adding a fourth leg - good idea
Replies: 9
Views: 1395

Re: Help Me with Bond Duration

could you or someone answer another question I stumbled on. If you have a TIPS fund like VIPSX I am reading something that gives me the impression you owe taxes on it every year whether you sold it or not. Is this correct?
by Splais
Wed Apr 17, 2013 12:02 am
 
Forum: Investing - Theory, News & General
Topic: Help Me with Bond Duration
Replies: 13
Views: 987

Re: Help Me with Bond Duration

must not have done a good job wording my original question, will wait a bit longer.

but I also have a followup question. Are Inflation Protected Securities a valid counterbalance to having long term bond funds in your AA?
by Splais
Tue Apr 16, 2013 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Help Me with Bond Duration
Replies: 13
Views: 987

Re: Help Me with Bond Duration

I am learning about bonds and do somewhat understand the correlation between duration and the effects of interest rate changes. I understand that if we go into a period of interest rate increases those I and LT bonds are going to take a hit. But right now things are flat and there is no indication I...
by Splais
Tue Apr 16, 2013 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: Help Me with Bond Duration
Replies: 13
Views: 987

Help Me with Bond Duration

My question relates specifically to Vanguard Tax-exempt Short (VWSTX), intermediate (VWITX) and Long Term (VWLTX) Bond funds. In developing my plan for asset allocation I have been looking at these three tax exempt bond funds. When I reviewed the Perf Chart for these funds from 2000 to present it ha...
by Splais
Tue Apr 16, 2013 8:40 pm
 
Forum: Investing - Theory, News & General
Topic: Help Me with Bond Duration
Replies: 13
Views: 987

Re: Observing V TargetRetirement/LifeStrategy Funds – confus

yes, thanks. when I get a little more organized/educated i'll do that. right now my learning curve is like a family tree it keeps branching and getting bigger and bigger the more I read. I need to get far enough into it (smarter) that tree starts to contract. :D
by Splais
Sun Apr 14, 2013 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: Observing V TargetRetirement/LifeStrategy Funds – confusion
Replies: 13
Views: 826

Re: Observing V TargetRetirement/LifeStrategy Funds – confus

thanks all, especially nisiprius. Your chart was what I wanted to see. Something that went back further than one major decline, that compared aggressive to conservative. If that chart does anything for me it is get conservative the closer you are to needing the money. but my overall picture is start...
by Splais
Sun Apr 14, 2013 6:07 pm
 
Forum: Investing - Theory, News & General
Topic: Observing V TargetRetirement/LifeStrategy Funds – confusion
Replies: 13
Views: 826

Re: Observing V TargetRetirement/LifeStrategy Funds – confus

My question was not so much about when you buy; but what you buy. But Ladygeekm pretty much said it - buy what you can live with. I suspect I may be willing to be more aggressive when I get more educated - but then maybe not. :?
by Splais
Sun Apr 14, 2013 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: Observing V TargetRetirement/LifeStrategy Funds – confusion
Replies: 13
Views: 826

Re: Observing V TargetRetirement/LifeStrategy Funds – confus

Maybe I've started to answer my own question, and maybe my comment had more to do with risk than whether you are in an angressive or conservative fund. If you are going to be in the market; if you believe the market will have a major decline/collapse sometime in the future, and if you believe the co...
by Splais
Sun Apr 14, 2013 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: Observing V TargetRetirement/LifeStrategy Funds – confusion
Replies: 13
Views: 826

Observing V TargetRetirement/LifeStrategy Funds – confusion

For all your sakes and mine, try to compress this. Some of you have read my many posts over the past month. I'm half way through my first book with more coming, read tons. Sometimes learning, most of the time just getting confused. After a lifetime of living on the edge and carrying debt I am making...
by Splais
Sun Apr 14, 2013 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: Observing V TargetRetirement/LifeStrategy Funds – confusion
Replies: 13
Views: 826

Re: Please comment on Vanguard contradiction

Thanks for the responses.......How do you guys learn so much stuff :?
by Splais
Sat Apr 13, 2013 10:20 pm
 
Forum: Investing - Theory, News & General
Topic: Please comment on Vanguard contradiction
Replies: 6
Views: 1012
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