Search found 7649 matches

by The Wizard
Thu Jul 30, 2015 8:01 pm
Forum: Investing - Theory, News & General
Topic: Can I be a Boglehead and a UAW??
Replies: 20
Views: 1235

Re: Can I be a Boglehead and a UAW??

The UAW is a fine union.
They actually helped save Ford back in the 80's.
More power to the OP...
by The Wizard
Sun Jul 12, 2015 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Have $ to invest...Too risky to get into equities now?
Replies: 33
Views: 2514

Re: Have $ to invest...Too risky to get into equities now?

Regardless, its not somehow "harder" for equities to appreciate in value or they would all start at $10 per share and gradually, through percentage-attrition, decay in value down to a fistfull of pennies... OMG, this reminds me of one of my absolute, all-time, worst buys. A start-up. In a...
by The Wizard
Sun Jul 12, 2015 8:35 pm
Forum: Investing - Theory, News & General
Topic: I lost $100 million — and I’ve never been happier
Replies: 29
Views: 9092

Re: I lost $100 million — and I’ve never been happier

I'm kinda surprised this thread has survived over a month, given that it's about circumstances of others, neither personal nor actionable...
by The Wizard
Sun Jul 12, 2015 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement within 1 year
Replies: 33
Views: 4652

Re: Retirement within 1 year

If the OP has never owned any stock index funds over the past several decades, I would say that now is probably not the time to push him into any.
Way too much chance of a bad reaction when the next downturn happens...
by The Wizard
Sun Jul 12, 2015 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Have $ to invest...Too risky to get into equities now?
Replies: 33
Views: 2514

Re: Have $ to invest...Too risky to get into equities now?

... Keep in mind a 50% drop in stock value (possible with your 98%portfolio) requires a 100% gain to get back where it started! ... It's a good post overall, Lafder, but I don't understand the exclamation point. Yes, math is math. Division is division. Division includes both a divisor, and a divide...
by The Wizard
Sun Jul 12, 2015 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: SS for mother
Replies: 11
Views: 1170

Re: SS for mother

Also, your numbers seem off.
Her normal retirement age is 66, so claiming at 62.0 gets the only 75% of the PIA.
Thus $1875/mo if age 66 amount is $2500/mo.
That's unless the formula for survivors benefits differs from normal benefits...
by The Wizard
Sun Jul 12, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: SS for mother
Replies: 11
Views: 1170

Re: SS for mother

I'm not an expert on survivors benefits, but the usual mantra here is to delay taking the higher benefit, usually your own, as long as you can, up to age 70, assuming your health remains good. But that also assumes your finances allow you to live OK off your assets while delaying. If not, then claim...
by The Wizard
Sun Jul 12, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Have $ to invest...Too risky to get into equities now?
Replies: 33
Views: 2514

Re: Have $ to invest...Too risky to get into equities now?

I agree with some of the others that the risky issue is the OP's high stock percentage, not what to do with that $60k.
I don't think there's any age or situation where it makes sense to be more than 80-85% stocks...
by The Wizard
Sat Jul 11, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Where are people putting their investment money if they see a correction coming in US stock market
Replies: 69
Views: 7564

Re: Where are people putting their investment money if they see a correction coming in US stock market

A key point is not to overcommit to stocks.
Determine your AA ahead of time and don't let it get out of whack...
by The Wizard
Thu Jul 09, 2015 9:34 pm
Forum: Personal Consumer Issues
Topic: One car or two in semi-retirement?
Replies: 49
Views: 3351

Re: One car or two in semi-retirement?

I think it depends on your finances and your propensity for driving.
I'm retired, single, and have one car and one pickup truck.
I'm presently in the middle of my annual month long cross country driving marathon with the car, while the truck gets some time off.
Your Mileage May Vary, literally...
by The Wizard
Wed Jul 08, 2015 7:56 pm
Forum: Personal Consumer Issues
Topic: Vanguard phonecall asking for personal information
Replies: 47
Views: 3786

Re: Vanguard phonecall asking for personal information

You need to be careful with calls like these. There is a scam where they place a call like this then when you hang up they stay on the line. When you pick up the phone to then call Vanguard, they have a recorded sound of a phone ringing, then they answer like Vanguard. I don't think my cell phone w...
by The Wizard
Wed Jul 08, 2015 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Distribution question. Can this forum provide better customer service than Vangard!?
Replies: 25
Views: 1794

Re: Distribution question. Can this forum provide better customer service than Vangard!?

Don't get confused about dividends in a taxable account. Consider ALL such dividends as going into your checking account. But if you have auto reinvestment enabled, then it's as if you immediately wrote a check for $87.29 worth of additional shares (or whatever the exact dividend amount was.) Don't ...
by The Wizard
Wed Jul 08, 2015 5:15 am
Forum: Personal Consumer Issues
Topic: Car totaled now what?
Replies: 14
Views: 1440

Re: Car totaled now what?

It depends on your cash flow situation, but I'd buy a newer economy car sooner rather than later, within six months. If you have to borrow part of the $$$ at 2%, so be it. In the future, consider a New Car Fund to the extent possible. Even if no more totalled vehicles, sometimes a transmission failu...
by The Wizard
Wed Jul 08, 2015 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Distribution question. Can this forum provide better customer service than Vangard!?
Replies: 25
Views: 1794

Re: Distribution question. Can this forum provide better customer service than Vangard!?

OP says he bought $40,000 of TSM over the past seven months; I understand this. OP then claims to have received some $39,715 in dividends from this fund over the time he has held it, which cannot possibly be true. There's no way we can proceed until we get accurate information using correct terminol...
by The Wizard
Tue Jul 07, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: Visiting Nashville during the summer
Replies: 50
Views: 2930

Re: Visiting Nashville during the summer

I'm visiting Nashville RIGHT NOW, staying at a Bogleheadish hotel a mile from The District.
Good food and music last night at the Bourbon Street place in Printers Alley.
Not yet clear where tonight's venue will be, we'll see...
by The Wizard
Sun Jul 05, 2015 12:42 am
Forum: Personal Consumer Issues
Topic: Please help me improve my online security
Replies: 24
Views: 2425

Re: Please help me improve my online security

And i guess the final thing if you are very paranoid would be to only logon from a dedicated financial computer, running either linux or chromeos. Mike That would make it difficult to log onto your various financial accounts when on the road for a while, with only a smartphone. But nobody said bein...
by The Wizard
Sat Jul 04, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Million Dollar Question
Replies: 17
Views: 3014

Re: Million Dollar Question

Alright then, so get a move on with your plan and get back into the investment arena.
There's a saying somewhere along the lines of: The enemy of a Good Plan is a continuing search for a Perfect Plan.
So don't let that happen to you...
by The Wizard
Sat Jul 04, 2015 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 52
Views: 4130

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

I don't care for mint. I'm in charge, not it.
The OP probably bought a new vacuum cleaner, a pair of binoculars, and an extra weekend trip somewhere, none of which was allocated in his austerity budget.
With practice, one learns how to expect the unexpected better...
by The Wizard
Sat Jul 04, 2015 6:51 pm
Forum: Personal Consumer Issues
Topic: Eating Out
Replies: 57
Views: 6859

Re: Eating Out

We live in Austin. It's always on 'best food' lists. The food here can be cheap and excellent or expensive and excellent. But one thing we rarely do is order alcoholic drinks. That adds to the bill so dramatically. We'd rather eat out more for the same amount as eating out less and ordering drinks....
by The Wizard
Sat Jul 04, 2015 2:59 am
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3928

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Mr. Kitces is fairly bright, so perhaps he should clarify his position better. SS is a wonderful asset for those of us who have it, but it's an INCOME asset, not a CAPITAL asset. And while you can convert capital assets to income in various ways, you can't convert SS to a lump sum capital asset, so ...
by The Wizard
Sat Jul 04, 2015 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Looking to start investing... How much do I need to start?
Replies: 21
Views: 2037

Re: Looking to start investing... How much do I need to start?

There's some confusion here. With $1000 a month earned income to invest, the OP has enough for $5500 a year in a Roth IRA and $6500 a year into savings and/or a taxable investment account. When you log onto your Vanguard account, you will then have two different accounts, your Roth IRA and your pers...
by The Wizard
Sat Jul 04, 2015 1:02 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 13618

Re: 2 million dollar mistake meeting with MIL's financial guy

Rallycobra says the MIL has physicals and blood drawn. I do also once a year, but I don't see what this has to do with investing and money management. They say that we run a risk of "losing it" mentally as we get older, in terms of coping with routine financial matters and even elder scams...
by The Wizard
Sat Jul 04, 2015 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Million Dollar Question
Replies: 17
Views: 3014

Re: Million Dollar Question

Looks like you're all in "cash reserves" at present. Yet your target allocation in 60% stocks which is somewhat risky. I think I'd want to know more about your history of saving/investing before recommending a plan of action. It's possible there's an element of FEAR in your investment psyc...
by The Wizard
Sat Jul 04, 2015 12:16 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 95
Views: 9176

Re: What age did you become debt free and what opportunities did it create?

Being debt free allows one to do with their time what they wish. :happy Perhaps, but it's really total cash flow that matters. I had a modest HELOC balance (re-fied mortgage) going into retirement two years ago. I could mostly pay it off now, but then I wouldn't have my new vehicle fund anymore. :(...
by The Wizard
Thu Jul 02, 2015 9:19 pm
Forum: Personal Consumer Issues
Topic: Learning Spanish
Replies: 62
Views: 5065

Re: Learning Spanish

Watch Spanish shows on TV.
With captions.
Google the words you don't know.
Cheap and effective...
by The Wizard
Thu Jul 02, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 5621

Re: Smart phone data usage

I cancelled my cable subscription a couple of months ago, including internet service, due to our heavy travel schedule. Why pay for it if we aren't home to use it? I have an old Verizon unlimited data plan, so I'm using my smartphone to make WiFi which we use both on the road and at home. We are he...
by The Wizard
Thu Jul 02, 2015 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 135
Views: 10870

Re: Obsessing towards zero balance on credit card.

Six of one, half dozen of another. Why does it matter? It takes approximately 30 seconds to log on, schedule a payment and click the button. If you can find time to post on this forum, you can probably spare 30 seconds to click another button on the internet. I usually pay my CC balances during com...
by The Wizard
Tue Jun 30, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Using an Ally savings account from Vanguard
Replies: 13
Views: 1784

Re: Using an Ally savings account from Vanguard

I have accounts at both Vanguard and Ally, but I use my credit union checking account as the hub connecting these two and other accounts.
I don't really think I'm missing much...
by The Wizard
Tue Jun 30, 2015 7:53 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation recommendations
Replies: 33
Views: 3365

Re: Caribbean vacation recommendations

Bonaire, Netherlands Antillies , not really in the Caribbean, but worth a look. Locals speak Dutch, Spanish and English in that order.) Fishing, windsurfing, scuba, desert island with cactus. Many visitors from Amsterdam prefer it to Aruba or Curacao. I have been to many Caribbean islands and I fou...
by The Wizard
Tue Jun 30, 2015 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 135
Views: 10870

Re: Obsessing towards zero balance on credit card.

Because I travel a fair amount in retirement, my charges vary more now than they did when I was in the working class, anywhere from maybe $300 to $5000 a month. So I try to be more proactive about managing my CC balances, as explained earlier. It's entirely possible that I could have CC charges in a...
by The Wizard
Tue Jun 30, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 135
Views: 10870

Re: Obsessing towards zero balance on credit card.

I have retirement income coming in twice a month on a regular basis. After each of these events, I log into my two CC accounts on my smartphone and pay off most, if not all, of the outstanding balance, even before the monthly bill has been computed. I also monitor the charges to make sure no funny b...
by The Wizard
Mon Jun 29, 2015 12:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Metro Boston's Chapter (MA)
Replies: 157
Views: 17406

Re: Master Thread for Metro Boston's Chapter (MA)

Natick is metrowest and we are trying to go more southerly this time.
If someone south shore over to Route 1 can find us a good venue, I think the inclination is to go with that.
Otherwise yes, Natick could be the winnah...
by The Wizard
Mon Jun 29, 2015 9:08 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9741

Re: dow futures down 200+ points

The boglehead philosophy confuses me sometimes. Why are so many people looking to buy today? Isn't that market timing? Sort of, yes. But it's based on ACTUAL pricing, especially with ETFs. To a limited degree, responding to a RBD by buying is simply rebalancing. Generic market timing tends to be ba...
by The Wizard
Mon Jun 29, 2015 3:49 am
Forum: Investing - Help with Personal Investments
Topic: Untouched 1980s fund - Seems Cost Basis = Market Value!?
Replies: 9
Views: 1115

Re: Untouched 1980s fund - Seems Cost Basis = Market Value!?

That can happen, yes.
It would seem like all the growth would have to be in CGDs and dividends, with the share price about the same now as it was, on average, when all purchases were made...
by The Wizard
Mon Jun 29, 2015 2:40 am
Forum: Personal Consumer Issues
Topic: Caribbean vacation recommendations
Replies: 33
Views: 3365

Re: Caribbean vacation recommendations

Jamaica is fine, but it may take some practice to find a place that's close to ideal for you. I can't just lie on the beach all day; I need my scuba diving and volleyball. We may hit Couples Negril again later this year. Fall (hurricane season) is generally the least expensive time of year for the C...
by The Wizard
Mon Jun 29, 2015 2:17 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9741

Re: dow futures down 200+ points

The question arises: what will the broad US stock market do after the opening few minutes?
Will it continue to decline as the trading day goes on?
If so, we could have a RBD on our hands!
It's been a while since we've seen a RBD in the S&P 500 or TSM...
by The Wizard
Mon Jun 29, 2015 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 4410

Re: Drawing from Retirement Savings to Delay SS

I retired two years ago at 63. I have annuity income to cover most of my expenses and am taking additional withdrawals from my tax sheltered pile in lieu of SS. My annual withdrawal rate is just a bit over 4% of my balance, so I suppose one could extrapolate that to be a 30% spend down over seven ye...
by The Wizard
Sun Jun 28, 2015 6:05 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 237
Views: 25916

Re: Greece impact on US markets Monday morning

A buying opportunity coming up for US stocks then...good...
by The Wizard
Sun Jun 28, 2015 3:55 pm
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 36
Views: 5097

Re: Three devices = redundancy

I had FOUR devices a couple years ago, including a desktop PC. My heavy laptop battery died. Then similar with my tablet. So I use my 5" Nexus 5 for this post and web surfing quite often; it's the only device I have when I'm on the road. I should get a new tablet at some point, but I'm in no ru...
by The Wizard
Sat Jun 27, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2233

Re: Future of SS due to Supreme Court Decision on Gay Marriages

jebmke wrote:
MnD wrote:Significant additional income tax revenue from married filed jointly should more than make up for additional SS payouts.

but payroll taxes will not change.

Right.
The SS trust fund and the IRS's enormous pile of income tax receipts are pretty much separate, to my knowledge...
by The Wizard
Sat Jun 27, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2233

Re: Future of SS due to Supreme Court Decision on Gay Marriages

Significant additional income tax revenue from married filed jointly should more than make up for additional SS payouts. Many same-sex and now increasingly married couples are dual high earners, hence incremental survivor benefit pay-outs are limited while additional liability from married filing j...
by The Wizard
Sat Jun 27, 2015 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2233

Re: Future of SS due to Supreme Court Decision on Gay Marriages

IPer wrote:Does that mean if I am married to someone of the opposite sex I am not gay?!

No it does not.
But you're still entitled to all SS spousal benefits regardless...
by The Wizard
Sat Jun 27, 2015 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2233

Re: Future of SS due to Supreme Court Decision on Gay Marriages

It won't hardly matter a whit. And in fact, SS was already fully available to gay married couples the past few years due to previous legislation. Quite true that some couples had to travel to a different state to get things done, so this decision removes that burden. No need for thread itself to be ...
by The Wizard
Sat Jun 27, 2015 7:03 am
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 5621

Re: Smart phone data usage

I just finished a nine day, 1800 mile road trip to a gathering in West Virginia, plus a few days of biking on rail trails. While my lodgings all had WiFi, one motel had poorly maintained barely functional WiFi. Some rural areas had no cell service at all. But generally, when doing trips to new areas...
by The Wizard
Fri Jun 26, 2015 8:29 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 5621

Re: Smart phone data usage

Prepaid carriers let you use a smartphone with no data but post paid carriers do not. I think T-Mobile was the last hold out. I remember having a Blackberry Pearl with no data plan, Wi-Fi only. I switch to a prepaid carrier before they required data plans for smartphones. If you want to pretend you...
by The Wizard
Fri Jun 26, 2015 7:59 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 5621

Re: Smart phone data usage

prudent wrote:Streaming music and/or video is what eats up the data.

Checko.
You want to use WiFi for that most of the time.
Phones have settings to do app updates only on WiFi as well...
by The Wizard
Fri Jun 26, 2015 7:56 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 5621

Re: Smart phone data usage

Also, it makes a difference whether you have access to wifi or not. At my university, I have wifi throughout the work day, and pretty much stay logged in automatically. I use very little data. My husband's employer does not allow wifi, all the computers are wired, and so he uses data all day at a m...
by The Wizard
Fri Jun 26, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 54
Views: 5621

Re: Smart phone data usage

GigaBytes, that's what it's based on. 1.5 GB per month is adequate on my Consumer Cellular plan when I'm in my home area, since I have WiFi most of the time. But when I'm on the road a lot, as I will be in July, the 3 GB plan fits me best for that month. As a newbie to smartphones, the OP will take ...
by The Wizard
Fri Jun 26, 2015 6:57 pm
Forum: Personal Consumer Issues
Topic: Google Map: How To See Traffic Far Away
Replies: 25
Views: 2096

Re: Google Map: How To See Traffic Far Away

My smartphone is plugged in while I'm driving, so battery drain is a non issue. And quite often, when the weather is good in a new location, I will cruise about for sightseeing a bit before getting serious about heading for my next destination. Google map generally keeps track of me and gently guide...
by The Wizard
Fri Jun 26, 2015 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Re-Eval TIAA-CREF Funds
Replies: 19
Views: 1537

Re: Re-Eval TIAA-CREF Funds

Oh, and pooling your assets will NOT generally be better for compounding, with exceptions due to lower fee due to total exceeding a threshold.
But better to avoid an AUM fee in most cases, not just decrease it a bit..

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