Search found 7765 matches

by The Wizard
Tue Sep 01, 2015 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Chip credit cards, do I need to get a PIN?
Replies: 38
Views: 2050

Re: Chip credit cards, do I need to get a PIN?

My Capital One card has a chip but no PIN functionality.
My Barclay AAdvantage card has a chip and I said yes to wanting a PIN and was able to select a four digit # of my choosing.
I'm heading to Ireland but have no idea if I'll encounter a situation where PIN functionality is needed. We'll see...
by The Wizard
Mon Aug 31, 2015 11:59 am
Forum: Investing - Theory, News & General
Topic: Good time for 50/50 portfolio Bonds/Equities?
Replies: 81
Views: 8646

Re: Good time for 50/50 portfolio Bonds/Equities?

I prefer to make INCREMENTAL changes to my portfolio when the need presents itself. For people currently accumulating with new money, the first increment is simply to change all new contributions to drive your AA in the desired direction. If that doesn't fix things fast enough, or if you're no longe...
by The Wizard
Sun Aug 30, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting infrequent expenses (refrigerator, new tires, paint house, etc)
Replies: 27
Views: 2307

Re: Budgeting infrequent expenses (refrigerator, new tires, paint house, etc)

Some of these things are emergencies and others are planned expenses. We save for planned expenses like a new car so we can pay in cash. I have saved for a new roof, fence etc in a savings account. For smaller things I simply cash flow. Cash flow is a key point. You don't want to be over committed ...
by The Wizard
Sun Aug 30, 2015 8:43 am
Forum: Investing - Theory, News & General
Topic: Aug 2015 correction: what Bogleheads did...
Replies: 116
Views: 6071

Re: Aug 2015 correction: what Bogleheads did...

I did not hit my rebalancing bands, so I did nothing. Same here. I target a 50/50 AA now in retirement. I was up to around 53% stocks at the market's peak and 52.5% stocks the week prior to the correction. At the depth of the correction, Tuesday's close, I was around 49.5% stocks, so no need to tam...
by The Wizard
Sun Aug 30, 2015 8:30 am
Forum: Investing - Theory, News & General
Topic: Aug 2015 correction: what Bogleheads did...
Replies: 116
Views: 6071

Re: Aug 2015 correction: what Bogleheads did...

I would have rebalanced, had I not been on a business trip. For one thing, I was too busy to log in and figure out what needed to be done; for another thing, I make it a point never to log in to my secure financial accounts over various brands of hotel wi-fi or other connections with dubious securi...
by The Wizard
Sat Aug 29, 2015 8:21 pm
Forum: Investing - Theory, News & General
Topic: Should whether you're accumulating, withdrawing, or doing neither affect your capacity for risk?
Replies: 10
Views: 451

Re: Should whether you're accumulating, withdrawing, or doing neither affect your capacity for risk?

Too many questions for one thread.
Some retired folks have entirely too much income to live on and can play with their few million in investments as a game.
Others don't.
Try to focus your question better...
by The Wizard
Sat Aug 29, 2015 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Paying for a big ticket item on retirement?
Replies: 22
Views: 3107

Re: Paying for a big ticket item on retirement?

Also, my impression is that certain long lasting travel trailer brands, Casita and Airstream in particular, do NOT drop in price like a rock after initial purchase...
by The Wizard
Sat Aug 29, 2015 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Paying for a big ticket item on retirement?
Replies: 22
Views: 3107

Re: Paying for a big ticket item on retirement?

In general, for big ticket items in retirement, whether a new car or an RV, it makes sense to save money in a taxable account to pay for it. So one needs to have excess income of $1000 a month or so beyond normal expenses and some folks may not have the resources to do this; I understand that. It al...
by The Wizard
Fri Aug 28, 2015 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 3662

Re: Trying to prevent lifestyle creep

EXCESSIVE lifestyle creep is not so good.
However, if you can start your long-term savings rate at 10% per year at age 22 and raise it 1% per year or so, I see no problem with expanding your recreational expenditures in parallel.
It's all about balance...
by The Wizard
Thu Aug 27, 2015 7:43 pm
Forum: Investing - Theory, News & General
Topic: Bounced back too quick
Replies: 33
Views: 5699

Re: Bounced back too quick

...but always wonder if it would be better or not to rebalance more frequently if that is what the Target date and Life Strategy funds really do? We rebalance continuously, and have done so for many years. To do so requires more effort than that of a schedule with fewer rebalance points; I pay grea...
by The Wizard
Wed Aug 26, 2015 3:09 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 121
Views: 8432

Re: TLH for absolute dummies

I just exchanged VTIAX for VFWAX--all shares. I selected the SpecId option but Vanguard wouldn't allow me to do it. So I just exchanged everything as first in first out. Did I mess up? You did just fine, but today is a significant UP day, so less loss than if done yesterday... So say it goes down a...
by The Wizard
Wed Aug 26, 2015 2:56 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 121
Views: 8432

Re: TLH for absolute dummies

And yes, exchange from one fund to the other on VG website... Just a quibble, but you don't "exchange" funds, you sell one fund and buy another fund. Selling in a taxable account can have tax consequences. Do does that mean you recommend *not* pressing the "exchange" button, but...
by The Wizard
Wed Aug 26, 2015 2:53 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 121
Views: 8432

Re: TLH for absolute dummies

tdonline wrote:I just exchanged VTIAX for VFWAX--all shares. I selected the SpecId option but Vanguard wouldn't allow me to do it. So I just exchanged everything as first in first out. Did I mess up?

You did just fine, but today is a significant UP day, so less loss than if done yesterday...
by The Wizard
Wed Aug 26, 2015 2:42 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 121
Views: 8432

Re: TLH for absolute dummies

And yes, exchange from one fund to the other on VG website... Just a quibble, but you don't "exchange" funds, you sell one fund and buy another fund. Selling in a taxable account can have tax consequences. But as it turns out, "Exchange" is the exact term Vanguard uses on its we...
by The Wizard
Wed Aug 26, 2015 2:35 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 121
Views: 8432

Re: TLH for absolute dummies

Better to not auto reinvest CGs and dividends at all. Take them in cash and just invest bigger sums where needed. And yes, exchange from one fund to the other on VG website... does the cost basis need to be spec ID if you sell the all shares (Does average cost mean you have essentially 1 tax lot?)?...
by The Wizard
Wed Aug 26, 2015 2:02 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 121
Views: 8432

Re: TLH for absolute dummies

Better to not auto reinvest CGs and dividends at all.
Take them in cash and just invest bigger sums where needed.

And yes, exchange from one fund to the other on VG website...
by The Wizard
Wed Aug 26, 2015 12:03 pm
Forum: Investing - Theory, News & General
Topic: Wash Sale Quiz!
Replies: 38
Views: 2493

Re: Wash Sale Quiz!

Actually, it's a puchase thirty days before or after the sale.
So yes, it's likely a wash sale, assuming sale price lower than the lot sold...
by The Wizard
Wed Aug 26, 2015 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Old friends (High School, College) not talking anymore?
Replies: 12
Views: 2228

Re: Old friends (High School, College) not talking anymore?

This topic has nothing to do with personal finance...
by The Wizard
Wed Aug 26, 2015 9:42 am
Forum: Investing - Theory, News & General
Topic: Good time for 50/50 portfolio Bonds/Equities?
Replies: 81
Views: 8646

Re: Good time for 50/50 portfolio Bonds/Equities?

. . . but might feel more peace with a 50/50 allocation . . . If your current allocation is not passing The Pillow Test , then the 50/50 could be the solution, but you should wait until things get back to normal . Making changes based on market conditions could cause grave damage to your portfolio....
by The Wizard
Wed Aug 26, 2015 9:26 am
Forum: Investing - Help with Personal Investments
Topic: New to investing, where to start?
Replies: 10
Views: 1111

Re: New to investing, where to start?

roamingnome wrote:I believe I know the answer to this but, to be clear- I couldn't have a 401k, an IRA and a ROTH IRA and max out all 3 each year- correct?

You can max out a 401K and a combined Trad/Roth IRA, where the total to the TIRA/RIRA is limited to $5500 or $6500...
by The Wizard
Wed Aug 26, 2015 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 6792

Re: Am I saving too much for retirement?

#Cruncher is correct.
The OP is not asking a Portfolio Question at this point...
by The Wizard
Tue Aug 25, 2015 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 6792

Re: Am I saving too much for retirement?

No.
You are simply planning on working too long.

It's better to have excessive assets at some point, with the option of doing what you want...
by The Wizard
Tue Aug 25, 2015 9:24 pm
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting always worth all the fuss?
Replies: 68
Views: 8484

Re: Is tax loss harvesting always worth all the fuss?

Depends. Let's say one of your investment goals is to buy a new vehicle every five years. If you liquidate $40,000 of funds that haven't been TLHd, you might have a $5,000 gain. If they've been TLHd you could have a $10,000 gain. TLHing is more fun if you donate some of the funds or leave them for h...
by The Wizard
Tue Aug 25, 2015 2:46 pm
Forum: Forum Issues and Administration
Topic: Notifications list
Replies: 4
Views: 700

Re: Notifications list

I found that ignoring all notifications, not PMs, to be the simplest method.
I'm up to 25 of them now; can I get to 100 by BH14??
by The Wizard
Tue Aug 25, 2015 4:36 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Fees
Replies: 37
Views: 3350

Re: TIAA Traditional Fees

To be clear, I did NOT use the phrase "6.5% return" in my earlier post on my personal annuitization details. I used the term "6.5% payout rate", which is how lifetime annuities work: a monthly cash flow consisting of 1) return of principal 2) interest on that principal 3) mortali...
by The Wizard
Mon Aug 24, 2015 3:42 pm
Forum: Personal Consumer Issues
Topic: Dinning in Taos and Santa Fe
Replies: 19
Views: 1625

Re: Dinning in Taos and Santa Fe

OP may be past lunch by now, but I had a good lunch and drinks in Taos a month ago at the Adobe Bar, part of the historic Taos Inn. You can sit at the bar or at tables in the next room.

I can also agree with the Jambo rec in Santa Fe if you're amenable to non traditional food...
by The Wizard
Mon Aug 24, 2015 8:20 am
Forum: Investing - Theory, News & General
Topic: "FEAR" Is Here,...
Replies: 53
Views: 6935

Re: "FEAR" Is Here,...

kksmom wrote:Does the falling knives analogy apply when buying the whole market (total stock ) versus buying individual stocks?

Not really, no.
Individual companies go bankrupt.
The total stock market cannot go bankrupt...
by The Wizard
Mon Aug 24, 2015 8:12 am
Forum: Investing - Theory, News & General
Topic: Market will open down another 5%.
Replies: 4
Views: 838

Re: Market will open down another 5%.

There's sometimes a bounce after the future forecast takes effect.
Will be interesting to see if that happens today or if things proceed further downwards to a 7% or 8% decline at closing.

Also, we may need to coin supplemental terminology to RBD.
I'm thinking EWD = Even Worse Day...
by The Wizard
Mon Aug 24, 2015 7:22 am
Forum: Investing - Theory, News & General
Topic: How long will you"Stay the Course"?
Replies: 99
Views: 8669

Re: How long will you"Stay the Course"?

The market futures on MarketWatch.com are really impressive right now.
Today's edition of Staying the Course will be like watching a slow motion train wreck...
by The Wizard
Sun Aug 23, 2015 10:22 am
Forum: Personal Consumer Issues
Topic: How to get best deal when ordering a vehicle
Replies: 18
Views: 2442

Re: How to get best deal when ordering a vehicle

I'm not sure emailing dealers works better than face to face when doing a factory order for a new vehicle. I'm starting this process for a 2016 F-150 soon. I'll be talking to three dealers to find the best Out The Door price. It's important to be clear on payment/financing up front, since taking the...
by The Wizard
Sun Aug 23, 2015 9:27 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Fees
Replies: 37
Views: 3350

Re: TIAA Traditional Fees

No, it's azalea4va who is confused. All TIAA Traditional rates quoted are AFTER expenses. As an example, money in Trad in my GSRA is growing at 3.0% APR. Trad in my GRA, with restrictions, is growing at rates greater than 3.0% after expenses, depending on vintage. If I transfer $$ from CREF Stock in...
by The Wizard
Sat Aug 22, 2015 8:59 pm
Forum: Personal Consumer Issues
Topic: What about the Ford Edge? [Revised for 2015 model]
Replies: 90
Views: 8462

Re: What about the Ford Edge? [Revised for 2015 model]

Mustangs are OK for one or two people, yes.
Mine is an '08 convertible, but a v-6, so not enough punch for certain on-ramp situations or passing on two lane highways.
I'll fix that next time.

My other car is a 4wd pickup, to deal with winter and hauling stuff...
by The Wizard
Sat Aug 22, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Just confirming....."stay the course"?
Replies: 53
Views: 6083

Re: Just confirming....."stay the course"?

We're supposed to be answering the OP's question, not raving about how RBDs are really fun. It seems like the OP might be in a target-date fund in his 401k, based on preceding posts. If so, then as mentioned, the fund takes care of rebalancing on an approximate daily basis. If the OP has $$ in four ...
by The Wizard
Sat Aug 22, 2015 7:55 am
Forum: Investing - Theory, News & General
Topic: How long will you"Stay the Course"?
Replies: 99
Views: 8669

Re: How long will you"Stay the Course"?

My resolve hasn't broken in forty-some years of investing thus far, so I anticipate a similar pattern for the next forty...
by The Wizard
Fri Aug 21, 2015 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA losing value....should I exchange?
Replies: 36
Views: 3246

Re: Roth IRA losing value....should I exchange?

I think the OP should just sit out things for now and use this experience to understand his/her risk tolerance better. Once things recover in a month or three, THEN switch to a different balanced fund with more comfortable stock percentage. But note: even a balanced fund with 30% stocks will be havi...
by The Wizard
Fri Aug 21, 2015 1:56 pm
Forum: Investing - Theory, News & General
Topic: anyone treating this as an RBD (really bad day)
Replies: 95
Views: 10149

Re: anyone treating this as an RBD (really bad day)

nirm wrote:Was it yesterday or is it today?

Yes.

Less succinctly, we are now seeing the problem with using a RBD criterion for tweaking your AA.
Rebalancing by bands may be old and dull, but it's more definitive...
by The Wizard
Fri Aug 21, 2015 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA losing value....should I exchange?
Replies: 36
Views: 3246

Re: Roth IRA losing value....should I exchange?

OP can't put anymore in a Roth right now, so best to just sit tight...
by The Wizard
Fri Aug 21, 2015 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Fees
Replies: 37
Views: 3350

Re: TIAA Traditional Fees

All I care about is the TIAA Traditional in my IRA pays me a guaranteed 3%. But if we are talking about the Traditional converted to a ifetime annuity, they ARE not PAYING you a guaranteed 3%. Do not confuse how traditional works in accumulation phase and how it works in lifetime annuity phase. The...
by The Wizard
Fri Aug 21, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Credit card "billing cycles" and outstanding balance
Replies: 18
Views: 1296

Re: Credit card "billing cycles" and outstanding balance

OP wants to see Daily Balance. It's not hidden, it's the Current Balance number on both Capital One and Barclay cards, can't speak for Amex. Log into your CC accounts each morning and you can track your Daily Balance for a month, depending on how you treat Pending Charges. I just don't see what this...
by The Wizard
Fri Aug 21, 2015 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Credit card "billing cycles" and outstanding balance
Replies: 18
Views: 1296

Re: Credit card "billing cycles" and outstanding balance

I just checked my two CC accounts online and both accurately display Current Balance with no confusion, reflecting payments I made several days ago plus recent charges that came in.
Focus primarily on Current Balance and you'll be fine...
by The Wizard
Fri Aug 21, 2015 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit card "billing cycles" and outstanding balance
Replies: 18
Views: 1296

Re: Credit card "billing cycles" and outstanding balance

This seems like a Manufactured Problem where none previously existed. I also pay off (or pay down) my CC balances whenever one of my three retirement income monthly streams hit my checking account. I basically ignore their monthly billing cycle and the amount due on the monthly statement. Only a few...
by The Wizard
Fri Aug 21, 2015 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell a fund that just went red?
Replies: 9
Views: 1098

Re: Should I sell a fund that just went red?

The OP should read Dale's post instructively.
There are two things to consider here: tax loss harvesting and rebalancing to your intended allocation percentages.
Neither of these involve going to cash...
by The Wizard
Thu Aug 20, 2015 2:06 pm
Forum: Personal Consumer Issues
Topic: What's a Bug Out Bag and who uses them?
Replies: 67
Views: 7774

Re: What's a Bug Out Bag and who uses them?

Hurricane Danny is announced, so plenty of time for some folks to prepare. Was it Katrina or a different hurricane some years ago where there was so much traffic heading N on I-45 from Houston that it just stopped and went into parking lot mode? Include several 5 gallon jugs of fuel in your BOB in ...
by The Wizard
Thu Aug 20, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation conundrum
Replies: 5
Views: 525

Re: Allocation conundrum

Also, many people start with a low savings rate for retirement in their 20s, 10% or less.
But once edu loans and a principal residence are paid off, they can increase that to 30% or more.
Unclear where you are on that timeline...
by The Wizard
Thu Aug 20, 2015 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation conundrum
Replies: 5
Views: 525

Re: Allocation conundrum

The thing is: funds in your taxable accounts pay for things other than long term retirement savings, a new car every so often for example. Nonetheless, I'd want to target a percentage of gross income strictly for the long term and not invade that for near term expenses. Perhaps 20% to 25% of gross i...
by The Wizard
Thu Aug 20, 2015 9:51 am
Forum: Personal Consumer Issues
Topic: What about the Ford Edge? [Revised for 2015 model]
Replies: 90
Views: 8462

Re: 2015 Ford Edge

Ford vehicle quality is good nowadays.
There are 3-4 Fords in my driveway quite often and I'm looking at getting a new F-150.

Main issue should be how the particular vehicle, Edge, fits your needs...
by The Wizard
Thu Aug 20, 2015 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Help 2 grow 90k invest fairly fast
Replies: 89
Views: 7760

Re: Help 2 grow 90k invest fairly fast

It's not clear to me what 3kats wants to do with this $90k. dbr recommends an SPIA which is fine if 3kats wants $5000 per year additional income for spending. But if the goal is to save and invest this $$ for the indefinite future, the answer may be different. 3kats: roughly how much other money do ...
by The Wizard
Tue Aug 18, 2015 7:52 pm
Forum: Personal Consumer Issues
Topic: 480i TV signal
Replies: 13
Views: 1067

Re: 480i TV signal

I agree that a larger screen TV will emphasize problems with lower definition channels; this may include unintentional artifacts of the new TV trying to upconvert everything to 1080P. You may want to experiment with adjusting the picture settings so some channels are not upconverted. Also, some cab...
by The Wizard
Tue Aug 18, 2015 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to spend more and not feel bad about it
Replies: 56
Views: 5760

Re: How to spend more and not feel bad about it

OP mentions two dissimilar expenditures, traveling more and buying an expensive watch.
Which one is you?
Is you'd said traveling to more dive destinations and buying a new dive computer, I would understand...

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