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Re: About to Order my first Mini Cooper S

No automatic transmission (including DCT/DSG "double-clutch" types) can replace the sensation of manual transmission. They are more advanced, enable faster shifts, increase mpg a little but still they do not have the involved feeling of manual transmission. Agreed. I almost always had man...
by bertilak
Wed Aug 20, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1110

Re: How the rich stay/get richer??

If Buffett is not a good example, imagine a hypothetical person who had $10M in BRK stock. They would be able to support a robust spending level without earning a dime in dividends. The more you have the less it matters. At $10M you will do OK no matter what. For those of us down here at ground lev...
by bertilak
Wed Aug 20, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4615

Re: How the rich stay/get richer??

Aptenodytes wrote:Right -- Warren Buffett is rich, and staying rich, but his holdings pay no dividends.

Warren Buffet's (perhaps) most famous holding is Coca Cola. It pays a decent dividend, currently over 2.8%
by bertilak
Wed Aug 20, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4615

Re: [live off dividends?] How the rich stay/get richer??

The rich are not rich because of dividends. It's because they work harder and are willing to take more risks than others. Perhaps a little luck helps, but it would be an anomaly for someone to make $2 million dollars one year and then drop everything to sit back and collect dividends. JT Having the...
by bertilak
Wed Aug 20, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4615

Re: About to Order my first Mini Cooper S

About that automatic -- Perhaps it is more than just an automatic. Many today, especially in performance oriented cars, can be shifted manually even though they are automatic. My VW Passat has that feature. I don't use it but I do use both auto options -- D (normal) and S (sport?). I use S when merg...
by bertilak
Wed Aug 20, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1110

Re: Best way to control someones account.

There are at least two decent ways. I have used both of them. ⋅ The first way is for the custodian (not sure I have that term right) of the account (e.g. Vanguard) give you, at your parents' direction, control over the account, including initiating transactions. This is simple while your p...
by bertilak
Tue Aug 19, 2014 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to control someones account.
Replies: 21
Views: 1301

Re: Bad(?) advice given about Target Date Retirement funds

If I only have $1000 to invest (or actually, less than $9000 which would be needed for a three fund portfolio), I have a reason to use them - that its some of the best diversification I can get with that amount of money. What's your suggestion for which one I should pick if going by the AA is a no-...
by bertilak
Tue Aug 19, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Explaining irrelevant "investing news" articles to relat

I responded with what I hoped were encouraging words: "Mom, High speed traders and what the IEX is doing to combat them doesn't concern me because I invest in mutual funds that are only priced once a day at the end of the day. The same is true for you in your investments at Vanguard, and proba...
by bertilak
Tue Aug 19, 2014 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: Explaining irrelevant "investing news" articles to relatives
Replies: 6
Views: 548

Re: Bad(?) advice given about Target Date Retirement funds

Here's a column I did for M* back in 2009 on this very topic called "Fixing Target Date Funds". http://news.morningstar.com/articlenet/article.aspx?postId=2686718 Thanks for sharing that article, Mel. I don't remember having read it when it came out. I like your suggestions. Yes, that wou...
by bertilak
Tue Aug 19, 2014 10:35 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Bad(?) advice given about Target Date Retirement funds

I see your point, but one could also argue that by default, the Target Retirement gradually takes you toward a less risky allocation. Check out englishgirl's examples. "Gradually" does not always apply. That puts it in the "bad advice" column if "gradually" is what you...
by bertilak
Tue Aug 19, 2014 7:08 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Bad(?) advice given about Target Date Retirement funds

What, you don't look at your portfolio allocation for 13 years? If you simply checked once every 5 years you would be fine. A few minutes every 5 years is pretty simple investing. I think the point is that if you need to manually steer your glide path the target date funds are doing nothing for you...
by bertilak
Mon Aug 18, 2014 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Bad(?) advice given about Target Date Retirement funds

I actually posted a chart about this once but I can't find it. Anyway, I think your point is that choosing a different date slides the curve left or right, when what you want to do is slide it up or down. I would think stretching or squeezing it up or down is another possibility. You can't slide th...
by bertilak
Mon Aug 18, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Bad(?) advice given about Target Date Retirement funds

I used to try to make the same point, which was also routinely ignored. I always thought this was incorrect advice, because if you follow it, even if the AA matches what you want NOW, the glide path will throw you off very quickly, and will reduce stock percentages either too fast or too slow (depe...
by bertilak
Mon Aug 18, 2014 3:41 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Bad(?) advice given about Target Date Retirement funds

To me a glide path is an important reason why I like lifecycle funds, and an important reason why I recommend them to people for simplicity. I think on average a person needing basic advice is better off picking a lifecycle fund and then rebalancing later, vs. picking a life strategy fund and rebal...
by bertilak
Mon Aug 18, 2014 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Bad(?) advice given about Target Date Retirement funds

Lately I have noticed the following (paraphrased) advice given about TD funds: For simplicity, invest in a TD fund but don't go by date, instead pick one with an AA that matches your risk tolerance. This seems to me to be bad advice because when you pick an AA you are also picking a glide path. If y...
by bertilak
Mon Aug 18, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 72
Views: 4354

Re: Is buying two SUVs a sane/good financial move?

I didn't read the whole thread but it seems to me that if you are going to have two cars t might be better to have two that focus on different optimized uses. In other words, diversify!
by bertilak
Sun Aug 17, 2014 5:54 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3630

Re: Pressure Cookers?

We bought this one a whie back: http://www.amazon.com/Fagor-Rapida-Stainless-Pressure-Cooker/dp/B004HOS3U4/ Fagor has several pressure cooker lines and that, the Fagor Rapida line, is their most basic (I think). Even so, it is very well made and works perfectly for us. That particular combination ki...
by bertilak
Sun Aug 17, 2014 1:57 pm
 
Forum: Personal Consumer Issues
Topic: Pressure Cookers?
Replies: 41
Views: 2773

Re: WSJ: Is Your Portfolio Too Diversified?

From the article: Do you really need to load up with every new product that comes along? Or can a straightforward mix of stocks and bonds get you to—and through—retirement just fine? Already the article is messing with our heads. Multiple products do NOT constitute diversification. How many S&P ...
by bertilak
Sun Aug 17, 2014 12:49 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: Is Your Portfolio Too Diversified?
Replies: 18
Views: 2785

Re: Coffee Beans

Three places I have bought coffee over the past few years: http://www.lacolombe.com/ http://www.austinroastingcompany.com/ http://www.coffeebeandirect.com/ There are many more you can find via Google. Since coffee preferences are a very personal thing it is best to try a variety to see what you like...
by bertilak
Sat Aug 16, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: Coffee Beans
Replies: 12
Views: 703

Re: Q: What would be the best way for me to start investing?

One of Vanguard's Target Retirement funds would be a perfectly fine candidate for you right now, for example (even if you weren't using them to save for retirement). Don't pick one by the "date". Figure your preferred mix of stocks and bonds first, then pick the Target Retirement fund tha...
by bertilak
Fri Aug 15, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Q: What would be the best way for me to start investing?
Replies: 10
Views: 1011

Re: A new stock index: companies with happy employees

Is employee happiness a leading or lagging indicator. I bet that a company that is making money hand over fist will treat its employees well -- decent wages, benefits and other perks (flexible hours, country club memberships, etc.) but does that mean the employees will remain happy (and the company ...
by bertilak
Thu Aug 14, 2014 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: A new stock index: companies with happy employees
Replies: 23
Views: 2068

Re: Where do you store your important documents?

I store important documents in a cardboard box LABELED "safe deposit box." That's because I used t have them in a real safe deposit box in a bank but found that too inconvenient so moved everything home. If I had stacks of gold coins I would probably put the in a safe deposit box in a bank...
by bertilak
Wed Aug 13, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where do you store your important documents?
Replies: 38
Views: 3193

Re: [Poll] How I Feel When I Think about Investing, etc.

It does BOTH, on occasion, but it is usually a positive experience so that's how I answered.
by bertilak
Wed Aug 13, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] How I Feel When I Think about Investing, etc.
Replies: 36
Views: 2323

Re: Help!! Can some one explain tax loss harvesting

Lafder wrote:Does that mean a "loss" can offset a capital gain of any amount ? or is it limited to 3k/year?

Offset income up to $3K/year. Offset cap gains as much as you have losses to match.
by bertilak
Tue Aug 12, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help!! Can some one explain tax loss harvesting
Replies: 16
Views: 1039

Re: Help!! Can some one explain tax loss harvesting

To summarize much of the above: ⋅ You need to "realize" the loss, that is, actually sell the losing position. ⋅ The loss can offset two things: Income, up to $3000 and capital gains (as much as you want, up to the amount of the loss). ⋅ You get to remember wha...
by bertilak
Tue Aug 12, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help!! Can some one explain tax loss harvesting
Replies: 16
Views: 1039

Re: How important is my insurance agent?

When I was looking to switch my auto and homeowners insurance a couple years ago I received an Email from a SF agent wanting to give me a quote. As soon as he learned my wife had life insurance through another SF agent he said SF agents don't encroach on other agents' clients. There's a difference ...
by bertilak
Mon Aug 11, 2014 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2078

Re: Dealership wants to buyback my car

Here's an old thread on the same topic: http://www.bogleheads.org/forum/viewtopic.php?f=11&t=134591 And in that thread I relate my experience with the same tactic but for my leased car. They were at least very clear on the deal they were offering me. They listed the equity I had in the leased c...
by bertilak
Mon Aug 11, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Dealership wants to buyback my car
Replies: 32
Views: 3360

Re: How important is my insurance agent?

Hmm. I have State Farm and don't think the agent whose name is on the sign ever handled my account personally. I never expected it. The agent runs the office and his staff deals with the clients. It is the agent who sets the tone. Many years ago I had a SF agent whose office seemed a bit seedy and t...
by bertilak
Mon Aug 11, 2014 3:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2078

Jesse Livermore’s Trading Rules Written in 1940

Came across this interesting blog post about Jesse Livermore : Jesse Livermore’s Trading Rules Written in 1940 Some quotes: 4. Markets are never wrong – opinions often are. 7. One should never permit speculative ventures to run into investments. 9. Never buy a stock because it has had a big decline ...
by bertilak
Mon Aug 11, 2014 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: Jesse Livermore’s Trading Rules Written in 1940
Replies: 6
Views: 1108

Re: Withdrawl from Target Retirement or Life Strategy Fund

So in summary - the balanced approach is riskier - you will recover faster from a downturn but you may have increased stomach acid and not be able to sleep at night All that makes a lot of assumptions that may or may not come true. Bottom line, the best estimate of risk is the stock/bond AA. Presum...
by bertilak
Mon Aug 11, 2014 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawl from Target Retirement or Life Strategy Fund
Replies: 33
Views: 2786

Re: Withdrawl from Target Retirement or Life Strategy Fund

If you do decide to use Target Retirement or Life Strategy fund as your one fund in retirement, do you take the money out weekly, monthly quarterly or yearly? What is the best strategy? Thanks You should have a liquid account from which to pay bills, get cash from an ATM, etc.. Just keep that toppe...
by bertilak
Mon Aug 11, 2014 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawl from Target Retirement or Life Strategy Fund
Replies: 33
Views: 2786

Re: Withdrawl from Target Retirement or Life Strategy Fund

It seems to me that the LS/TR fund would have a more negative outcome because the withdrawl is not coming from just BND. Any further comments are appreciated. :happy A balanced fund will maintain its AA on a daily basis. Assuming, in the three-fund case, the investor is also maintaining a constant ...
by bertilak
Sun Aug 10, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawl from Target Retirement or Life Strategy Fund
Replies: 33
Views: 2786

Re: California Redwoods in December - VW Vanagon

Check out Henry Cowell Redwoods State Park in Santa Cruz. Generally, weather should be fine in December. And/or go up the hill to Big Basin Redwood Park. We used to live in that very same redwood forest, just outside the park. From Santa Cruz go up rt9 to Boulder Creek and take a left onto Big Basi...
by bertilak
Sun Aug 10, 2014 11:02 am
 
Forum: Personal Consumer Issues
Topic: California Redwoods in December - VW Vanagon
Replies: 13
Views: 1155

Re: Potato Barrel

Many years ago our compost pile sprouted potatoes "spontaneously." They were great. Our compost is now in a closed container so I expect this won't happen again. We do plant potatoes in our vege garden, which benefits from that compost, and they are great, too. ("Spontaneously" ...
by bertilak
Sat Aug 09, 2014 6:58 pm
 
Forum: Personal Consumer Issues
Topic: Potato Barrel
Replies: 18
Views: 2037

Re: Carry on Luggage Restrictions

Just did an international flight. Restrictions on carry-on size and weight were ignored. Both directions. I suppose our carry-ons were eyeballed but no one tried to fit them into one of those little trial spaces nor weigh them. TSA and customs have other agendas but the airline just wanted to get e...
by bertilak
Sat Aug 09, 2014 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Carry on Luggage Restrictions
Replies: 24
Views: 1592

Re: Carry on Luggage Restrictions

Just did an international flight. Restrictions on carry-on size and weight were ignored. Both directions. I suppose our carry-ons were eyeballed but no one tried to fit them into one of those little trial spaces nor weigh them. TSA and customs have other agendas but the airline just wanted to get ev...
by bertilak
Sat Aug 09, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: Carry on Luggage Restrictions
Replies: 24
Views: 1592

Re: Have you upgraded your Vanguard accounts?

I decided to give it a try. I'll check back here in 24 hours and let you know how things went. It hasn't been 24 hours, but so far, so good. I upgraded three accounts, two of which already had pre-existing associated brokerage accounts and one which did not. One of the accounts has already had the ...
by bertilak
Sat Aug 09, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have you upgraded your Vanguard accounts?
Replies: 17
Views: 3286

Re: Poll - Do you use Quicken?

I've noticed that my fairly large quicken file (have transactions going back to the 90's) is starting to take a longer time to load and process downloaded updates and whatnot. Anyone know of performance tweaks I can do without purging older data? Here's some information from Intuit: https://quicken...
by bertilak
Sat Aug 09, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 4994

Re: Have you upgraded your Vanguard accounts?

I didn't get an email, but by following the link in the top post I was given the option to upgrade. Does anyone have experience dealing with this in Quicken? I am currently set up to download transactions. I'd like to hear about it before I make the jump. EDIT: I called the phone number they gave fo...
by bertilak
Fri Aug 08, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have you upgraded your Vanguard accounts?
Replies: 17
Views: 3286

Re: Potato Barrel

Many years ago our compost pile sprouted potatoes "spontaneously." They were great. Our compost is now in a closed container so I expect this won't happen again. We do plant potatoes in our vege garden, which benefits from that compost, and they are great, too. ("Spontaneously" m...
by bertilak
Fri Aug 08, 2014 7:40 am
 
Forum: Personal Consumer Issues
Topic: Potato Barrel
Replies: 18
Views: 2037

Re: U.S. stocks in freefall

cb474 wrote:Anyway, as someone I heard or read once said, the only true explanation is: The squiggly line went up (down) today.

Perhaps you had better see this analysis for a more complete understanding: the blue line
by bertilak
Fri Aug 08, 2014 7:10 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 134928

Re: Lifestrategy fund vs. slice-and-dice in 401k

Age: 34 Amount in 401k: $148,000 Yearly contributions: $27,000 Current asset allocation: 40% TSM, 20% TISM, 20% TBM, 10% REIT, 10% Small Cap Allocation goal: 80% stocks/20% bonds (I like being aggressive) I am considering just quiting the slice-and-dice method and putting everything in the Vanguard...
by bertilak
Thu Aug 07, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lifestrategy fund vs. slice-and-dice in 401k
Replies: 8
Views: 580

Re: Lump sum of 97k vs 830 monthly

...I think the monthly payment wins big time. One additional thing to consider. If those retirement accounts are IRAs and RMDs already meet or exceed the required income then the income from the pension might push the OP into a higher tax bracket. Taking the lump sum may help hold down taxes AND le...
by bertilak
Thu Aug 07, 2014 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum of 97k vs 830 monthly
Replies: 11
Views: 1355

Re: Automatic rebalancing

My 401(k), when I had one, had the option to maintain my designated balance between funds. In that sense it was always balanced. But, this was fund-to-fund balance, not a balance of asset classes. I used the option. That was pre-boglehead days and I wasn't really aware of the true concept of an AA. ...
by bertilak
Thu Aug 07, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic rebalancing
Replies: 5
Views: 369

Re: Volatility: Oh how I love thee.

Rick Ferri wrote:... and that gives me more opportunities to buy at cheap prices.


Opportunity to buy requires cash to buy with. Unfortunately for us retirees, new cash is a little harder to come by!
by bertilak
Thu Aug 07, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: Volatility: Oh how I love thee.
Replies: 44
Views: 3057

Re: Summer indoor humidity levels

thanks for the replies 1. blower fan is on auto (only runs when AC runs) 2. blower fan is has been set to lowest speed by installers We live in NC. I'm not sure if matching tonnage to sq/ft (which is just a rule of thumb to begin with) might differ by location? Everything we've researched shows the...
by bertilak
Wed Aug 06, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: Summer indoor humidity levels
Replies: 18
Views: 1172

Re: dividend yield when stock price change

All right, I have to get back to work... BUT, here's the logic train I'm working with: All other things being equal , the lower cost you can buy a security the better. This is firstly because of the higher capital appreciation. Secondly, you're getting more "dividend bang for the buck" wi...
by bertilak
Wed Aug 06, 2014 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: dividend yield when stock price change
Replies: 38
Views: 1263

Re: Summer indoor humidity levels

Hi bogleheads. We recently had a new AC unit installed in our house. It is properly sized (2.5 ton unit for our ~1500sq/ft house) and has been checked by the installers a few times to ensure it's functioning as it should (charge is correct). The humidity in our house (in NC) with this new unit seem...
by bertilak
Wed Aug 06, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Summer indoor humidity levels
Replies: 18
Views: 1172

Re: dividend yield when stock price change

... we still have the fact that the shares bought at a lower cost will have higher capital appreciation. No they will not. The shares don't care when you bought them nor how much you paid. They pay $X each no matter what (until the company makes a change). So "higher capital apprec...
by bertilak
Wed Aug 06, 2014 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: dividend yield when stock price change
Replies: 38
Views: 1263

Re: dividend yield when stock price change

This sounds similar to a recurring question I've had with my brokerage about the implications of which shares to sell in a retirement account. I was told it doesn't matter what shares you sell... In your retirement account (I assume traditional IRA) there are no tax consequences until you take mone...
by bertilak
Wed Aug 06, 2014 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: dividend yield when stock price change
Replies: 38
Views: 1263
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