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Re: Is Wealthfront the best?

What are their fees and how do they compare to a low cost target date retirement fund from Vanguard, Fidelity or Schwab? The latter is an easy answer to your problem. They use ETFs from VG and a few other low cost providers. And they tack on a fee of 0.25% per year. For that, they do some tax loss ...
by The Wizard
Fri Mar 06, 2015 8:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Wealthfront the best?
Replies: 2
Views: 127

Is Wealthfront the best?

The best portfolio management service, I mean. It would be for my girlfriend, not me. Her taxable account is presently with an FA who has her in American and Templeton load funds. :shock: While she's reasonably frugal, she has no interest in becoming functionally conversant with investment topics we...
by The Wizard
Fri Mar 06, 2015 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Wealthfront the best?
Replies: 2
Views: 127

Re: Boglehead degree status

Interesting post.
I'm not speculating where I'm at, but it is true that in order to instruct others on a topic, you need to have a forward and backward grasp on it yourself.
And that definitely happens with the passage of time spent on the forum...
by The Wizard
Fri Mar 06, 2015 5:01 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead degree status
Replies: 16
Views: 916

Re: Aruba in April

Member happyisland is on Aruba.
Perhaps he/she will have something to say later...
by The Wizard
Fri Mar 06, 2015 4:40 pm
 
Forum: Personal Consumer Issues
Topic: Aruba in April
Replies: 9
Views: 425

Re: Aruba in April

Aruba is the most Americanized of the ABC Dutch islands. We generally prefer Bonaire and Curacao, but had an ok time at the Divi Aruba Tamarijn one time, in the low-rise district. I'd go back there without too much whining...
by The Wizard
Fri Mar 06, 2015 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Aruba in April
Replies: 9
Views: 425

Re: VBTLX behavior during higher interest rates

^ Very interesting! I had no idea as to how the timing/frequency of rising interest rates impacts VBTLX value. Care to elaborate? VBTLX has a Duration of 5.6 years and an SEC yield of 2.06%. I think this means if interest rates stay exactly as they are now for next twelve months, you'll get 2.06% p...
by The Wizard
Fri Mar 06, 2015 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: VBTLX behavior during higher interest rates
Replies: 13
Views: 745

Re: VBTLX behavior during higher interest rates

It depends on how fast interest rates increase. If they inch up slowly VBTLX might never have a negative year. This link may be helpful: https://investor.vanguard.com/insights/bond-fund-basics-duration But the info at that link is misleading, since it ignores the dividends that bond funds pay out. Y...
by The Wizard
Fri Mar 06, 2015 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: VBTLX behavior during higher interest rates
Replies: 13
Views: 745

Re: Bridging Delay to SS Strategy Opinions

I'm doing a bridge also, taking around $3 per month from my tax sheltered portfolio now, which is about the same as my SS will be at age 70 in five years. I'll have RMDs starting at 70 also, so I should take more income from tax sheltered now if I wanted to level my projected taxable income over the...
by The Wizard
Fri Mar 06, 2015 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Bridging Delay to SS Strategy Opinions
Replies: 12
Views: 541

Re: Sedan or SUV

Erhan wrote:Why not a stationwagon? Drives like a sedan, has similar capacity like an SUV...

A Country Squire, yes...
:oops:
by The Wizard
Fri Mar 06, 2015 11:01 am
 
Forum: Personal Consumer Issues
Topic: Sedan or SUV
Replies: 19
Views: 974

Re: My Return for 2014 for Wealthfront is less than 2%

Just because you haven't gotten a letter from the IRS about your Schedule D doesn't mean what you've done is correct. Come to think of it I might have received a letter once. But the amount I had to pay was definitely not worth worrying about what you are describing. It could amount to a lot of mon...
by The Wizard
Fri Mar 06, 2015 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: My Return for 2014 for Wealthfront is less than 2%
Replies: 46
Views: 5822

Re: Sedan or SUV

At the least, do a test drive of each proposed vehicle.
My GF had a similar question a few weeks ago, Ford Focus vs Escape.
After driving each, the Escape won...
by The Wizard
Fri Mar 06, 2015 10:45 am
 
Forum: Personal Consumer Issues
Topic: Sedan or SUV
Replies: 19
Views: 974

Re: When will / did you claim Social Security benefits?

My plan is to hold out five more years till age 70 to take my own SS benefit.
I'll claim my Divorced Spouse benefit next year at FRA...
by The Wizard
Fri Mar 06, 2015 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 46
Views: 2195

Re: New DOW Component

airahcaz wrote:AAPL is up almost 3 points on this news; short covering as well?

I'm not really SURE that "this news" is what's driving Apple's share price today, but what do I know...
by The Wizard
Fri Mar 06, 2015 10:02 am
 
Forum: Investing - Theory, News & General
Topic: New DOW Component
Replies: 13
Views: 688

Re: New DOW Component

cheese_breath wrote:
The Wizard wrote:It matters more when a stock gets added to the S&P 500.
The DJIA is just frippery...

But there are some funds that track the Dow 30. Wouldn't they be affected?

Yes they would...
by The Wizard
Fri Mar 06, 2015 9:58 am
 
Forum: Investing - Theory, News & General
Topic: New DOW Component
Replies: 13
Views: 688

Re: What does a $1M portfolio look like?

It's true that one might generally start out with one or two funds based on the $3K minimum in Vanguard for many of them. And then when you get above $10K each in total stock and total bond, perhaps you open an account in total international stock. Then later on, perhaps you put 5% or 10% of your to...
by The Wizard
Fri Mar 06, 2015 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: What does a $1M portfolio look like?
Replies: 32
Views: 3245

Re: New DOW Component

It matters more when a stock gets added to the S&P 500.
The DJIA is just frippery...
by The Wizard
Fri Mar 06, 2015 9:44 am
 
Forum: Investing - Theory, News & General
Topic: New DOW Component
Replies: 13
Views: 688

Re: Figuring fund returns

Never mind, I found my own answer.
If I set the M* date range from 3/1/2014 (instead of 2/28/2014) to 2/28/2015, I get returns that match Vanguard's perfectly...
by The Wizard
Thu Mar 05, 2015 4:01 pm
 
Forum: Investing - Theory, News & General
Topic: Figuring fund returns
Replies: 1
Views: 188

Re: If you have $1 million...

I don't particularly like this way of framing things. My first new car, I bought in 1975 a few years out of college. I had to finance about 90% of it. I needed a car to get to work and to carry on with, so it's a utilitarian thing, not a luxury. I've bought several additional new cars in the decades...
by The Wizard
Thu Mar 05, 2015 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have $1 million...
Replies: 62
Views: 5281

Figuring fund returns

I'm trying to help someone determine what their portfolio returns might have looked like using a Vanguard three-fund portfolio instead of more expensive funds from elsewhere. So I'm making a spreadsheet with fund returns over certain time periods, multiplied by the the percentage of each fund in the...
by The Wizard
Thu Mar 05, 2015 3:21 pm
 
Forum: Investing - Theory, News & General
Topic: Figuring fund returns
Replies: 1
Views: 188

Re: Quick question on cash needs in taxable account

I'm doing something similar, saving in taxable for a new vehicle.
But I'm doing a combination of taxable online savings and an int-term bond account.
I don't feel comfortable using a stock fund for $$ I expect to need later this year...
by The Wizard
Thu Mar 05, 2015 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quick question on cash needs in taxable account
Replies: 3
Views: 228

Re: Discussion on particular economic policies?

Deficit spending vs making cuts in services is an intrinsically political topic.
No way would that fly here.
And I don't think it has anything to do with the site's non-profit status; it has to do with the inevitable squabbling that will happen...
by The Wizard
Thu Mar 05, 2015 11:58 am
 
Forum: Forum Issues and Administration
Topic: Discussion on particular economic policies?
Replies: 5
Views: 359

Re: What is your credit score?

pennstater2005 wrote:Serious delinquency on some student loans years ago is still haunting me.

A lowly 751 :D

Those negatives should go away after 7 years of ontime payments...
by The Wizard
Thu Mar 05, 2015 10:43 am
 
Forum: Investing - Help with Personal Investments
Topic: What is your credit score?
Replies: 54
Views: 2966

Re: Wife tired of saving...

abuss368 wrote:
livesoft wrote:We bought less as we got older.


I have found we bought less as we got older too.

Odd.
My next vehicle purchase will the most expensive ever.
Combination of inflation plus higher retirement income, I guess ...
by The Wizard
Wed Mar 04, 2015 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 157
Views: 11801

Re: Wife tired of saving...

If I can't buy my wife the car she wants when I have $2 million in the bank, then what is the point? I think the wife may be an equal player in this game, not a subsidiary or dependent as this language tends to imply... My wife is an equal, if not better, player in my game. She currently makes more...
by The Wizard
Wed Mar 04, 2015 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 157
Views: 11801

Re: Wife tired of saving...

8foot7 wrote:If I can't buy my wife the car she wants when I have $2 million in the bank, then what is the point?

I think the wife may be an equal player in this game, not a subsidiary or dependent as this language tends to imply...
by The Wizard
Wed Mar 04, 2015 7:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 157
Views: 11801

Re: What percentage of your total net worth is your home?

As usual, conducting a poll on a BH forum is about as straight-forward as herding cats...
by The Wizard
Wed Mar 04, 2015 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: What percentage of your total net worth is your home?
Replies: 61
Views: 3580

Re: What percentage of your total net worth is your home?

I think it's silly to consider the market value of a home as opposed to the equity one has in their home.
Well, unless one has an agenda that benefits from considering the former...
by The Wizard
Wed Mar 04, 2015 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: What percentage of your total net worth is your home?
Replies: 61
Views: 3580

Re: Do you consider mortgage payments as savings?

I don't count car loan payments or credit card payments as savings either. And the CC payments are all principal, no interest!!! Do you agree that savings = income - spending? If not, can you explain how you calculate savings? I take a conservative approach by not including the value of any persona...
by The Wizard
Wed Mar 04, 2015 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Do you consider mortgage payments as savings?

I can't believe this thread is this long... Mortgage payment is simply repayment of a loan. I'm shocked how many people consider that "savings". And retirement contributions are simply prepayments of future spending. I'm shocked how many people consider that "savings". Amusing l...
by The Wizard
Wed Mar 04, 2015 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Do you consider mortgage payments as savings?

I can't believe this thread is this long... Mortgage payment is simply repayment of a loan. I'm shocked how many people consider that "savings". Yeah, there seems to be a bunch of them. I don't count car loan payments or credit card payments as savings either. And the CC payments are all ...
by The Wizard
Wed Mar 04, 2015 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Backpedaling: Rising Equity Allocation During Retiremen

I mentioned to Wade at BH13 last October that I wasn't too keen on the rising equity concept.
I'm sure that probably wasn't the main reason for this modification...
:)
by The Wizard
Wed Mar 04, 2015 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 36
Views: 2949

Re: Do you consider mortgage payments as savings?

GAAP are for businesses, not personal use. Some similarity, perhaps, but not the same. I could deduct depreciation on my rental property, for instance, but not on my principal residence. There's nothing wrong with computing your net worth every so often, but for many of us, it's only the financial c...
by The Wizard
Tue Mar 03, 2015 6:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Want to make $750K into $1m...Help

Education is step one here.
CDs don't often beat inflation, so a million in ten years could be similar to $700,000 today.
Is that what you want??
by The Wizard
Mon Mar 02, 2015 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Want to make $750K into $1m...Help
Replies: 25
Views: 2481

Re: What if you already have a couple million?

Every investor should develop an Investment Policy Statement and then follow it. Of course, an IPS is a living document meaning it changes as your goals are attained or your risk tolerance changes. Noted author Larry Swedroe has this saying "one should take risk based on need, willingness and ...
by The Wizard
Mon Mar 02, 2015 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6288

Re: Do you consider mortgage payments as savings?

Back when I was in the Working Class, I paid close attention to my cash flow. I had some that went to tax sheltered investments. I had some that went to various housing expenses, including paying for the house itself. I had some cash flow going to CC bills for assorted purchases. And I had some goin...
by The Wizard
Mon Mar 02, 2015 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Calcultoer help please

Option B, of course, is to present all your details here and we'll help answer the question...
by The Wizard
Mon Mar 02, 2015 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Calcultoer help please
Replies: 6
Views: 372

Re: Calcultoer help please

I played with that calculator for a few minutes and didn't like it.
Figure your monthly expenses and then figure your desired monthly income.
Then figure where it's coming from. Not too hard up to a point.
Then use firecalc to deal with stock market variations...
by The Wizard
Mon Mar 02, 2015 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Calcultoer help please
Replies: 6
Views: 372

Re: Contacted by Internal Revenue Services

I guess the phone scam is making its way around the country. I received 3 voicemail messages from the "Internal Revenue Service s " informing me that the message was being automated and that I am under legal persecution for tax fraud :oops: and for either myself or my appointed legal repr...
by The Wizard
Mon Mar 02, 2015 8:10 pm
 
Forum: Personal Consumer Issues
Topic: Contacted by Internal Revenue Services [Scam]
Replies: 18
Views: 1275

Re: Contacted by Internal Revenue Services

I got two calls today in my cell phone that I ignored, but googled later.
972 area code from Texas and some IRS notes in my google search.
I didn't pick up on last week's calls from Uganda either...
by The Wizard
Mon Mar 02, 2015 8:08 pm
 
Forum: Personal Consumer Issues
Topic: Contacted by Internal Revenue Services [Scam]
Replies: 18
Views: 1275

Re: Can I afford it?

Net Worth has nothing to do with affording a car.
Most new college grads have negative net worth.
And ask EmergDoc what the net worth of newly minted MDs can be...
by The Wizard
Mon Mar 02, 2015 8:00 pm
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 50
Views: 3909

Re: Do you consider mortgage payments as savings?

I've not computed my net worth for decades now. And it had no bearing on when I retired, only my financial assets (portfolio) did. In fact, if I had a house worth double what mine is, with double property taxes etc, that increased net worth would have required MORE financial assets to support in ret...
by The Wizard
Mon Mar 02, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Possible to do solo financial planning while married?

Are they ASKING for help or are you volunteering it?
And the SIL, your brother's wife? Or more likely, your wife's sister? But it doesn't matter much...
by The Wizard
Mon Mar 02, 2015 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible to do solo financial planning while married?
Replies: 14
Views: 1303

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

So we're thinking of two different venues for next time? Most public libraries have meeting rooms that can be reserved. Best to have a town resident set that up I'm guessing. And my name badge was recycled from last October's BH13 conference, of course. Best to have both real name and BH name on tho...
by The Wizard
Mon Mar 02, 2015 6:50 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Metro Boston's Chapter (MA)
Replies: 81
Views: 5283

Re: Can I afford it?

We need to separate long term retirement savings from short to medium term consumer savings.
These consumer savings come from excess or discretionary income, "left over" after current commitments are paid.
So where do you stand along those lines?
by The Wizard
Mon Mar 02, 2015 6:21 pm
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 50
Views: 3909

Re: Do you consider mortgage payments as savings?

I haven't read all the post so someone else may have already posted something similar to this. According to Investopedia the DEFINITION of 'Savings' is: According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposabl...
by The Wizard
Mon Mar 02, 2015 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Do you consider mortgage payments as savings?

Anyone arguing that equity in a house is not an asset, and is thus not included in Net Worth, has never taken an Accounting class. It's a basic principle of Accountancy....founded by the Italians so long ago. No one in this thread has disputed this. The dispute concerns whether the equity in a prin...
by The Wizard
Mon Mar 02, 2015 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Father in law possible elder scam victim?

These sound like "gifts", not loans, unless you can show me paperwork to the contrary.
Agree with a few others that someone with a durable POA should start handling their finances...
by The Wizard
Mon Mar 02, 2015 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1692

Re: Consumer Cellular increases Minutes, Texts, & Data

Their Android app needs fixing now, though. My text message limit went from 10,000? to unlimited, but their app shows me in the red zone with 12 of 0 texts used for the period... ------------------------------------------------------------------------------------------- I just checked my Consumer C...
by The Wizard
Mon Mar 02, 2015 2:38 pm
 
Forum: Personal Consumer Issues
Topic: Consumer Cellular increases Minutes, Texts, & Data
Replies: 14
Views: 873

Re: Do you consider mortgage payments as savings?

Not savings. Not net worth either. The calculation of net worth is going the way of "renting is throwing money away" camp. Net worth is a silly calculation with little use. MIL has a 150k house that is paid for. She has ZERO retirement savings. Her net worth is 150k and she has to borrow ...
by The Wizard
Mon Mar 02, 2015 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043

Re: Do you consider mortgage payments as savings?

Alex, I meant rental real estate separate from my primary residence. I could sell that rental duplex after one year and have LTCG on it if I'm lucky. So the mortgage payments on that, covered by the two renters, definitely increases my equity in that investment. But I personally do NOT apply that sa...
by The Wizard
Mon Mar 02, 2015 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 319
Views: 13043
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