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by Stonebr
Sun May 03, 2015 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Wellseley VWINX - for a conservative investor mid 30s.
Replies: 16
Views: 1741

Re: Wellseley VWINX - for a conservative investor mid 30s.

Wellesley has never lost more than 10% in a single year, not even 2008. That is hopefully tolerable for even risk averse people. http://finance.yahoo.com/q/pm?s=VWINX+Performance Not so comforting when you adjust for inflation. 1974, for example the inflation rate was 11% and you got -6.43% in tota...
by Stonebr
Sun May 03, 2015 6:42 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 149
Views: 3301

Re: Will you buy self-driving car?

Biggest flop in history.

Who would want one?
by Stonebr
Sat May 02, 2015 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney
Replies: 49
Views: 1702

Re: Power of attorney

Where POA is needed most is when one or the other of you is incapacitated and the other is force to sell real estate or a car to raise money. State rules would apply, and your attorney can help you. The POA document will be golden. For a married couple with joint accounts I don't see why you would ...
by Stonebr
Sat May 02, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney
Replies: 49
Views: 1702

Re: Power of attorney

Where POA is needed most is when one or the other of you is incapacitated and the other is force to sell real estate or a car to raise money. State rules would apply, and your attorney can help you. The POA document will be golden. For a married couple with joint accounts I don't see why you would n...
by Stonebr
Fri May 01, 2015 7:48 pm
Forum: Investing - Theory, News & General
Topic: US stocks returned "just 0.6%" 1915-1982
Replies: 56
Views: 5513

Re: US stocks returned "just 0.6%" 1915-1984

dumbmoney wrote: Is Warren Buffet's company a Ponzi scheme because it doesn't pay dividends?


Note that Warren Buffett's (Buffett has two tees, by the way) company is a holding company that owns other companies, all of which pay huge dividends. He just doesn't share those dividends with his passive partners.
by Stonebr
Tue Apr 28, 2015 8:50 pm
Forum: Personal Consumer Issues
Topic: My new dishwasher doesn't clean
Replies: 64
Views: 7283

Re: My new dishwasher doesn't clean

You people obviously don't understand the purpose of these modern appliances. The dishwasher is not designed to wash dishes, it's designed to save energy, save water, and improve the balance sheet of the manufacturer. The only way to actually clean dishes here in the iworld is by hand. You bought t...
by Stonebr
Tue Apr 28, 2015 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to Second Act Career Switch
Replies: 22
Views: 2213

Re: Approach to Second Act Career Switch

Try retirement. Learn to live on less and practice a healthy lifestyle. Failing that, become a bike mechanic, bike messenger, truck driver, market gardener, be one of those farmers at the local farmers market, try painting (art), try house painting, teach math in a charter school, write for a travel...
by Stonebr
Tue Apr 28, 2015 8:08 pm
Forum: Personal Consumer Issues
Topic: What is the best roofing material?
Replies: 17
Views: 1715

Re: What is the best roofing material?

Be careful with regards to the answers, from what I remember, different material may make sense depending on the weather, i.e. areas that are snowy or rainy. Here in Maine, there are 250-year-old houses with cedar shake roofs. Of course, the cedar gets replaced every 20 years, and so does everythin...
by Stonebr
Tue Apr 28, 2015 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Primerica [as a job]
Replies: 12
Views: 1026

Re: Primerica

wikipedia has an article on the convoluted history of this outfit. They are a sort of Amway for financial services. Or maybe Amsoil. They started with a great idea -- buy term insurance, invest the rest. Then they evolved or devolved, depending on your point of view. You're right, there's a lot of m...
by Stonebr
Tue Apr 28, 2015 7:26 pm
Forum: Personal Consumer Issues
Topic: My new dishwasher doesn't clean
Replies: 64
Views: 7283

Re: My new dishwasher doesn't clean

You people obviously don't understand the purpose of these modern appliances. The dishwasher is not designed to wash dishes, it's designed to save energy, save water, and improve the balance sheet of the manufacturer.

The only way to actually clean dishes here in the iworld is by hand.
by Stonebr
Tue Apr 28, 2015 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: How to liquidate a bad REIT investment?
Replies: 21
Views: 1537

Re: How to liquidate a bad REIT investment?

It's not just what I think -- they told me so over the phone, and I found this recent article: http://www.dailymail.co.uk/news/article-2995430/CNL-Lifestyle-Properties-sell-16-ski-resorts-Maine-California-worth-hundreds-millions-dollars.html "The REIT is nearing the end of its projected lifesp...
by Stonebr
Mon Apr 27, 2015 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1764

Re: Help Choosing Survivor Pension Option (50% vs 100%)

Depends on what else they have. Does she have her own pension? Do they have $2 million stashed away somewhere? Will they both get a nice Social Security benefit? These two amounts are financially equivalent. That is, they take into account all of the life expectancy and interest earnings based on cu...
by Stonebr
Sat Apr 25, 2015 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Why the big difference in my intl managed vs index funds
Replies: 8
Views: 648

Re: Why the big difference in my intl managed vs index funds

With thousands of active mutual funds investing internationally, a few were bound to have good luck. I don't own either of these funds, but I would note that both have had a lot of very consistent "luck" for a lot of years and rolling time periods. Dodge & Cox have also had a lot of &...
by Stonebr
Fri Apr 24, 2015 6:39 pm
Forum: Personal Consumer Issues
Topic: Selling on eBay with local pickup using PayPal - Dangerous?
Replies: 22
Views: 1537

Re: Selling on eBay with local pickup using PayPal - Dangero

An old fashioned paper bill of sale with signatures from both you and the buyer would be a sufficient deterrent, I would think.
by Stonebr
Sat Apr 18, 2015 12:14 pm
Forum: Personal Consumer Issues
Topic: What Is The Worst Car You Have Ever Owned?
Replies: 39
Views: 1786

Re: What Is The Worst Car You Have Ever Owned?

It depends on how you define "worst." The most unreliable car was a 1971 Saab 99. I bought it used with 95k miles, and it was nothing but trouble at a time when I had no money. However, it was fun to drive, and the body was solid. The car that was the least fun to drive was its successor, ...
by Stonebr
Wed Apr 15, 2015 6:30 am
Forum: Investing - Help with Personal Investments
Topic: When to sell actively managed funds in taxable acct
Replies: 21
Views: 1732

Re: When to sell actively managed funds in taxable acct

Do a step at a time. Two funds have gains of only $2k and $3k. Start there. You've alluded to capital gains distributions on one or more of your funds, and this is the kicker. Distributions are out of your control and can happen at the worst time. My brother in law found this out last year when one ...
by Stonebr
Tue Apr 14, 2015 3:25 pm
Forum: Forum Issues and Administration
Topic: How does this site make money?
Replies: 39
Views: 5442

Re: How does this site make money?

The real story behind all this is the selflessness of the owners of this site. This is a million dollar a year site they have simply decided not to monetize. The beauty of capitalism is that you can make money and at the same time serve your purpose better. If the site chooses to monetize, it can h...
by Stonebr
Mon Apr 13, 2015 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question abt Stable Value fund
Replies: 7
Views: 605

Re: Question abt Stable Value fund

Thank you for the response.. Does the 5 yr stated Std. Dev. (fund .34) look like a reasonable number? Is this fund apt to be effected by interest rate changes? Yes. Note that Std Dev is lower (as a stable value fund should be) than the market valued benchmark ML 1-3 index. (Merrill Lynch 1-3 year b...
by Stonebr
Mon Apr 13, 2015 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Question abt Stable Value fund
Replies: 7
Views: 605

Re: Question abt Stable Value fund

Stable Value asset class is fixed income (aka bonds). Vanguard's GNMA is also fixed income. Many Boglehead forum members use Stable Value (SV) accounts in their 401k plans. I do. But it all depends on the interest rate and the credit quality. The SV account described in your post is diversified acro...
by Stonebr
Mon Apr 13, 2015 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6446

Re: Talking to People About Retirement

I was in exactly the same position several years ago. I gave over a year's notice for the reasons you list. (My employer has never once called back to request consulting services, however. :) ) As for questions from others, I simply change the subject at the earliest opportunity. Even my mother.
by Stonebr
Mon Apr 13, 2015 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: 401k converting PIMCO Tot Return to Loomis Sayles - advice?
Replies: 13
Views: 1082

Re: 401k converting PIMCO Tot Return to Loomis Sayles - advi

Loomis Sayles is a very actively managed Fund company. Their star bond manager is an elderly guy named Dan Fuss. Fuss is one of the best bond managers around, but his strategy is not for the faint of heart. While PIMCO claims to use a top-down strategy -- macroeconomic trends -- Loomis Sayles claims...
by Stonebr
Mon Apr 13, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 49
Views: 6357

Re: Neighbor hired a surveyor. Should I be nervous?

I've always assumed that a property owner builds a fence on his/her side of the line -- 6 inches or a foot inside. Evidently, the old fence was done this way. A survey would have told you and your neighbor that the fence was his property and his responsibility. Now you know.
by Stonebr
Mon Apr 13, 2015 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: New member here, got some questions!
Replies: 14
Views: 985

Re: New member here, got some questions!

Given your goals ($millions in just 6 years) and aspirations (to spend it all on frivolous consumer goods), I suggest that you consider professional sports, becoming a rock star, or crime.
by Stonebr
Mon Apr 13, 2015 1:40 pm
Forum: Personal Consumer Issues
Topic: Home Health Vehicle(Possible diesel?)
Replies: 5
Views: 517

Re: Home Health Vehicle(Possible diesel?)

I owned a VW in the past and found that I paid more in repairs in 10 years than I paid for the car new. I don't think they've improved. The cars are extremely fun to drive but not reliable IMO. By comparison, my wife's Toyota Corolla has gone 10 years with only one actual repair -- less than $50. Th...
by Stonebr
Sat Apr 11, 2015 10:37 am
Forum: Investing - Theory, News & General
Topic: GE stock up 11% on Friday.
Replies: 19
Views: 2158

Re: GE stock up 11% on Friday.

Shifting strategy -- sell off some of the financial services divisions, get back to industrial base.

http://fortune.com/2015/04/10/ge-taxes- ... egy-shift/
by Stonebr
Fri Apr 10, 2015 5:03 pm
Forum: Personal Consumer Issues
Topic: Tip for car detail?
Replies: 1
Views: 370

Re: Tip for car detail?

If it was me, assuming they did a lot more than a group of teenagers at a high school fundraiser, I'd give them a $20 to share. That would be about 10% of the retail cost.
by Stonebr
Wed Apr 08, 2015 8:52 pm
Forum: Personal Consumer Issues
Topic: Tree roots growing into sewer lines
Replies: 41
Views: 1846

Re: Tree roots growing into sewer lines

A friend also suggested the possibility, after the first reaming, of lining the existing old pipe (my home is 135 yrs old) with plastic from inside, or possibly pouring something down the line periodically that would kill the roots when they re-grow. He doesn't know if either is a viable option. $1...
by Stonebr
Wed Apr 08, 2015 7:59 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15969

Re: The $1 Million Goal: Source of Motivation or Discouragem

There are strange, alien people from another galaxy who think you have to play golf every day at private country clubs that only let in people who look like them -- bald, ugly, pasty-faced, boring males with pastel pants and a look of death in their eyes -- and these people believe that you can only...
by Stonebr
Mon Apr 06, 2015 1:59 pm
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian Has Most of His Money in Cash
Replies: 69
Views: 7692

Re: Mohamed El-Erian Has Most of His Money in Cash

Any thoughts on this somewhat "defensive" portfolio, which does reflect a bit of "cash drag" as an additional buoy for long-term market turbulence? My only thought is that your portfolio is so close to mine that maybe I'll let you handle it from now on. My inclination is to do n...
by Stonebr
Tue Mar 31, 2015 8:46 am
Forum: Personal Consumer Issues
Topic: Is this a scam: James Rickards
Replies: 12
Views: 2362

Re: Is this a scam: James Rickards

Gloom and Doom prophets have always been around, and Rickards is just the latest. They sell newsletters, usually printed with big block letters in RED and ORANGE , and recommend that you panic and sell all your stocks. Then they tell you to invest in some tiny uranium and platinum mining stocks sold...
by Stonebr
Sat Mar 28, 2015 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Is this what they mean by high 401 fees?
Replies: 15
Views: 1510

Re: Is this what they mean by high 401 fees?

WOW. Just a quick read thru. They like to charge Monthly for various services. I think I would pass on this 401-K Open a ROTH I.R.A. at Vanguard . That would be a big mistake. A monthly charge of $5 amounts to .06% per year on an account with $100,000. As Defined Contribution plans go, that's a bar...
by Stonebr
Sat Mar 28, 2015 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is this what they mean by high 401 fees?
Replies: 15
Views: 1510

Re: Is this what they mean by high 401 fees?

This OPERS pension plan offers three choices: traditional Defined Benefit, a Member savings plan, and a combination plan. The changes being discussed in this newsletter are about administrative fees in Member savings -- that's the money you put in. Up to now they've been charging .10% to manage acco...
by Stonebr
Sat Mar 28, 2015 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is this what they mean by high 401 fees?
Replies: 15
Views: 1510

Re: Is this what they mean by high 401 fees?

DRT wrote:I must not be reading this right. It looks like you lose almost 25 percent of your investment to front end loads.


You are not reading this right. There are no front end loads.
by Stonebr
Sat Mar 28, 2015 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is this what they mean by high 401 fees?
Replies: 15
Views: 1510

Re: Is this what they mean by high 401 fees?

larryinnewyork wrote:WOW.
Just a quick read thru.
They like to charge Monthly for various services.

I think I would pass on this 401-K
Open a ROTH I.R.A. at Vanguard.


This is not a 401k. This is the Ohio State Pension plan for state employees.
by Stonebr
Thu Mar 26, 2015 1:28 pm
Forum: Investing - Theory, News & General
Topic: Wise move to move some $ to cash before bear market?
Replies: 116
Views: 12100

Re: Wise move to move some $ to cash before bear market?

I will go against what everyone else is saying and tell you to go ahead. Either way you will probably be okay -- at the very worst it will be a learning experience. Do you have a plan for when you will buy back in?
by Stonebr
Wed Mar 25, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for some good advice.
Replies: 10
Views: 1136

Re: Looking for some good advice.

Here's advice, maybe not good, but... 1. Asset Allocation of 80% stock and 20% bonds is fine. It's on the aggressive side, but you are both young so it's within the appropriate range. Low cost Fidelity Spartan funds are a great choice as are the TSP funds. You really can't go wrong, but one word of ...
by Stonebr
Tue Mar 24, 2015 2:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard index fund security lending in 2014
Replies: 23
Views: 1792

Re: Vanguard index fund security lending in 2014

"Borrowers are typically large financial institutions, such as investment banks, market makers and broker dealers. "

... like Lehman Brothers? :twisted:
by Stonebr
Fri Mar 20, 2015 4:01 pm
Forum: Investing - Theory, News & General
Topic: "Financial Simplicity: What is Your Time Worth?"
Replies: 27
Views: 3748

Re: "Financial Simplicity: What is Your Time Worth?"

Another point: " So, you can make an extra 5 cents by postponing your electric bill for 21 days. The amounts are minimal, while the potential headaches and penalties for late payments are substantial. Micromanaging cash flow is fine for big business but, personally, if I have a debt, I get it p...
by Stonebr
Fri Mar 20, 2015 3:35 pm
Forum: Investing - Theory, News & General
Topic: "Financial Simplicity: What is Your Time Worth?"
Replies: 27
Views: 3748

Re: "Financial Simplicity: What is Your Time Worth?"

I've been on board for several years now, Taylor. My light-bulb moment came when I realized that for the first time in more than 30 years I did not have to file a Schedule D with my taxes. It was a revelation how much it changed the way I thought about my investments.
by Stonebr
Fri Mar 20, 2015 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Purchasing mutual funds
Replies: 6
Views: 435

Re: Purchasing mutual funds

jwelton2 wrote: if I purchase $1000 of that mutual fund on Sunday, will the order be for $11.12/share on Monday morning?


If you purchase on Sunday, they will use the Monday closing price. If you purchase during the day on Friday, they'll use Friday closing price. You always purchase at the next closing price.
by Stonebr
Thu Mar 19, 2015 8:34 pm
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 8690

Re: What won't you pay with Credit Card?

I pay cash at Farmers' Markets because it's the right thing to do. They make it a pain to use credit, which is also the right thing to do.
by Stonebr
Thu Mar 19, 2015 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Need a sanity check
Replies: 13
Views: 1585

Re: Need a sanity check

No reason to change the international allocation; but, are you aware Vanguard is going to 40% international in its target date funds? That's primarily I wanted to check whether it makes sense to increase the allocation. No, it doesn't make sense. There's at least one thread on the various changes V...
by Stonebr
Wed Mar 18, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Too good to be true? vgenx or vgpmx
Replies: 25
Views: 2959

Re: Too good to be true? vgenx or vgpmx

One reminder about precious metals is that when the bear market in gold started in about 1981, it went on for a long time. It was, I think, about 25 years before gold broke over the previous all-time high of $800 an ounce.
by Stonebr
Mon Mar 16, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Did you buy a house because of low interest rate?
Replies: 25
Views: 1842

Re: Did you buy a house because of low interest rate?

I bought my first home because there was a recession and Boston condominiums were being given away. Interest rates were over 12%, but it was still cheaper than renting when all the costs and credits were included -- interest, utilities, property tax, condo fees, tax deductions. I analyzed it like an...
by Stonebr
Mon Mar 16, 2015 3:15 pm
Forum: Investing - Theory, News & General
Topic: Retired - When to Sell to Generate Cash
Replies: 30
Views: 2049

Re: Retired - When to Sell to Generate Cash

I retired at the end of August several years ago. I replenish the cash account in September each year as needed. It was handy this year because the market was good, and then a few weeks later went down sharply. This made me look like a genius for a few months. We keep about two years of withdrawals ...
by Stonebr
Mon Mar 16, 2015 12:19 pm
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 86
Views: 6417

Re: Laptop: Windows based vs. Apple

I don't use a lot of storage. I hate clutter in the house and in the computer. For me the flash storage of Macbook Air is perfect. Powering up the Mac takes only a few seconds. With the Windows machine I used to use at work, I could drink a mug of coffee in the time it took to boot up in the morning.
by Stonebr
Sun Mar 15, 2015 4:20 pm
Forum: Investing - Theory, News & General
Topic: Why the popularity of dividends? What's the counterargument?
Replies: 70
Views: 5222

Re: Why the popularity of dividends? What's the counterargum

toto238 wrote:I like to point out that Berkshire Hathaway has never paid out a dividend. Is it a "bad" company?


On the other hand Berkshire lives off the "dividends" of the companies it owns.
by Stonebr
Fri Mar 13, 2015 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best 4-6 person tent
Replies: 20
Views: 1292

Re: Best 4-6 person tent

The best? Who the heck knows? I only know about 2. We bought a cheap Eddie Bauer tent at Target that lasted one summer before the poles started breaking, then replaced it with a Kelty Yellowstone 6 from REI that has lasted for many years. It's big enough that the two of us can spend an rainy evening...
by Stonebr
Thu Mar 12, 2015 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contrafund
Replies: 37
Views: 5120

Re: Fidelity Contrafund

Dilemma. My wife has her own ideas about investing and she has owned Fidelity Contra for her IRA since about 1990 and has kicked my butt with it. I've never tried to convince her to move to indexing since her ideas have worked out at least as well as my Boglehead ideas. If Will Danoff ever quits, al...

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