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by bertilak
Tue May 05, 2015 6:19 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 677
Views: 96297

Re: What Book Are You Currently Reading? Part VI

I'm just three stories into Hercule Poirot - the Complete Short Stories which has over 50 stories (including, I think, a novella or two). I have, and have read, a couple dozen Poirot novels and look forward to the short stories. The series of PPS TV shows staring David Suchet as Poirot were what got...
by bertilak
Wed Apr 29, 2015 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Help for Mom
Replies: 8
Views: 867

Re: Help for Mom

Again, see my edit. Can't seem to get things right (or complete) the first time!
by bertilak
Wed Apr 29, 2015 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Help for Mom
Replies: 8
Views: 867

Re: Help for Mom

D, See my edit above in blue . Left that out, but given your situation it probably doesn't matter. Just wanted to correct an error. Generally, if one needs to put bonds in a taxable account Munis (tax free) bonds are a consideration, but in a low tax bracket you are probably better off getting the h...
by bertilak
Wed Apr 29, 2015 8:47 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs VFIAX/VIMAX/VSMAX
Replies: 13
Views: 1430

Re: VTSAX vs VFIAX/VIMAX/VSMAX

I think one of the advantages of having the 3 funds instead of just the VTSAX is I do have the opportunity to tilt more towards mid cap and small cap as historically they can outperform large caps. The risk is higher but so is the potential reward, A simpler way to fine tune your risk is to adjust ...
by bertilak
Tue Apr 28, 2015 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help for Mom
Replies: 8
Views: 867

Re: Help for Mom

First, I would get rid of ALL the funds and ALL the individual stocks in the portfolio. I don't believe cap gains are a consideration in the 15% tax bracket, but I am not a tax expert. Second, I would use only index funds. I personally have only two major investments: Total Stock Market (TSM) and To...
by bertilak
Mon Apr 27, 2015 2:46 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 677
Views: 96297

Re: What Book Are You Currently Reading? Part VI

Nicolas wrote:Something Like An Autobiography by Akira Kurosawa, the acclaimed film director.

Was it written from multiple, conflicting, points of view? :happy
by bertilak
Mon Apr 27, 2015 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Why I Chose Target Retirement Funds
Replies: 54
Views: 6413

Re: Why I Chose Target Retirement Funds

I told my siblings, who don't know and care about investing, to put money in a Target Retirement fund that best matches the retirement year and ignore it. Actually, most people who believe in Target Date funds advise people not to look at the date in the fund title but the allocation it actually ha...
by bertilak
Sun Apr 26, 2015 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Why I Chose Target Retirement Funds
Replies: 54
Views: 6413

Re: Why I Chose Target Retirement Funds

sambb wrote:I far prefer target or lifestrategy over 3 fund. In tax deferred. For some reason here there is a passion for 3 fund.

Three separate funds allow you to locate different asset classes in the most appropriate accounts (taxable, Roth, traditional IRA, etc.).
by bertilak
Sat Apr 25, 2015 7:02 pm
Forum: Investing - Theory, News & General
Topic: Retirement Allocations
Replies: 13
Views: 1223

Re: Retirement Allocations

It includes my SS but not my wifes that will be 15,000 per year in 2024. I asked to see if your actual withdrawal from investments was $70K instead of $90K as that would be a more reasonable withdrawal percentage, 3.8% instead of 5.3%. I think that would still be a bit high to be considered really ...
by bertilak
Sat Apr 25, 2015 5:23 pm
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 67
Views: 4616

Re: “How Does Aging Affect Financial Decision Making?”

Another way aging affects financial decision making:

Getting stuck in the past, unwillingness to even consider changing. Some people simply HATE change, and will even say so. This is emotional rather than intellectual. I have seen it. It affects more than financial decision making.
by bertilak
Sat Apr 25, 2015 3:03 pm
Forum: Personal Consumer Issues
Topic: Has anyone been to Armenia or "Stans" such as Kazakhstan
Replies: 6
Views: 909

Re: Has anyone been to Armenia or "Stans" such as Kazakhstan

No I have not been there, but I think the book The Great Game: The Struggle for Empire in Central Asia by Peter Hopkirk will provide some good background before you go. Another book which covers events in the area during Word War I is Mission o Tashkent by Colonel F.M. Bailey. I put review of it Her...
by bertilak
Sat Apr 25, 2015 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 3-fund portfolio between 401k/Roth IRA/Brokerage
Replies: 2
Views: 403

Re: Fidelity 3-fund portfolio between 401k/Roth IRA/Brokerag

Asset placement, especially with higher taxes, which is your case, is very important. I would arrange as follows or as close to this as possible: ⋅  Taxable Account : All equities here as they are the most tax efficient. If you have more equities than fit in here, use the ones with the low...
by bertilak
Sat Apr 25, 2015 10:07 am
Forum: Investing - Theory, News & General
Topic: Retirement Allocations
Replies: 13
Views: 1223

Re: Retirement Allocations

Gentlemen, thanks alot for the advice. i will research futher. Just as a note. i plan on taking SS at 62 at a rate of 20,000 per year. I do not plan on leaving my kids a Inheritance. A question ... Does that $90K in the OP include the $20K SS or is it in addition to the $20K? ... and a comment: Del...
by bertilak
Sat Apr 25, 2015 8:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1278
Views: 245885

Re: U.S. stocks in freefall

TwoByFour wrote:What is the point of this thread anyway?

To ponder the mechanism by which freefall keeps landing on new highs!

Yes, I know it will end but unfortunately don't know when. My guess is sometime between 10 days to 10 years.
by bertilak
Sat Apr 25, 2015 8:24 am
Forum: Investing - Help with Personal Investments
Topic: dollar cost averaging
Replies: 17
Views: 903

Re: dollar cost averaging

555 wrote:
rahulkhot wrote:What is the ideal duration for dollar cost averaging? Every day, month or quarter.
Every paycheck.

I think all the followon discussion of this comment has made 555's point. (Sorry 555 if I am missing your point!)
by bertilak
Fri Apr 24, 2015 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax treatment of irrevocable trust transfers - Question
Replies: 4
Views: 376

Re: Tax treatment of irrevocable trust transfers - Question

Some points that may or may not apply depending on the specifics of your situation... ⋅ An irrevocable trust will be "for the benefit" of someone, presumably this older relative. The taxes due should be the same as if the contents of the trust were still owned by the beneficiary....
by bertilak
Thu Apr 23, 2015 1:50 pm
Forum: Investing - Theory, News & General
Topic: A Great List of Useless Financial Porn Phrases
Replies: 30
Views: 4015

Re: A Great List of Useless Financial Porn Phrases

Fallible wrote:There are more, but I'll end here.

That's all I need! Where do I sign?
by bertilak
Thu Apr 23, 2015 12:48 pm
Forum: Investing - Theory, News & General
Topic: A Great List of Useless Financial Porn Phrases
Replies: 30
Views: 4015

Re: A Great List of Useless Financial Porn Phrases

"When EF Hutton speaks, everyone listens" "It's a no-lose proposition" "The market is selling off on the expectations of higher interest rates". The following day, "the market is rising on the expectations of higher interest rates". "With us now on CNBC ...
by bertilak
Wed Apr 22, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: 35 year old, looking for AA - Completely confused.
Replies: 8
Views: 1700

Re: 35 year old, looking for AA - Completely confused.

Before I paid off that mortgage I would fill up as much tax advantaged space as possible. Tax advantaged space is valuable in and of itself and every chance to fill it that you pass up is lost forever. Perhaps I missed something in your OP that makes this impractical, but I don't think so. If you ha...
by bertilak
Tue Apr 21, 2015 6:16 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14879

Re: Bernstein: "If you've won the game, stop playing."

Irrelevant question. Doesn't change historical data. The Historical Data is Plenty Fine with me!..... Hence the title of this thread - "If you've won the game, stop playing." - I've run the numbers, I've won.... I don't need to take on additional equity risk. If you have equities above an...
by bertilak
Tue Apr 21, 2015 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Best way to get rid of practically worthless stock
Replies: 15
Views: 1507

Re: Best way to get rid of practically worthless stock

What if the stock is in an IRA so you can't write off the loss on your taxes? I own one such stock. Would it cost you to sell it? If not, or if only a little, just sell it to simplify the account. By "sell" I don't mean take the money out of the IRA -- let it go to cash or the settlement ...
by bertilak
Tue Apr 21, 2015 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Is this an index fund?
Replies: 16
Views: 1426

Re: Is this an index fund?

1. Answer is "No" 2. As other posters have said it sounds more like an 'indexed-annuity', an insurance product, rather than a mutual fund 3. If your friend specifically asked his Financial Advisor about an indexed mutual fund and this was the advise he got, then ask your friend to run and...
by bertilak
Mon Apr 20, 2015 8:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 677
Views: 96297

Re: What Book Are You Currently Reading? Part VI

I read through the Oz books when PDAs first came out and I discovered that I could load mine with Gutenberg editions. I agree that they stand quite well on their own. Not sure why so many writers insist on putting a spin on them. I think i's because the Oz story is a very successful fairy-tale. The...
by bertilak
Mon Apr 20, 2015 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Distributions
Replies: 3
Views: 250

Re: IRA Distributions

"Why does it cost a fee to reinvest?" I just assumed that it did. If it costs a load/fee to buy originally, thought it would cost a load/fee to buy more. Guess I shouldn't assume. And I was just assuming there is no fee. (Well, actually not quite assuming, more wondering). As a Vanguard c...
by bertilak
Mon Apr 20, 2015 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to get rid of practically worthless stock
Replies: 15
Views: 1507

Re: Best way to get rid of practically worthless stock

They are not worthless, just worth $ 0.46 a share. The symbol is ESCC. I don't want to frame them; I would like to have a loss for tax purposes. I don't think a broker would be interested and I don't want to have to pay a fee. Thanks. If you can realize a large capital loss, that can come in very h...
by bertilak
Mon Apr 20, 2015 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Distributions
Replies: 3
Views: 250

Re: IRA Distributions

I think the immediate answer is take the dividends in cash if you need them for expenses. Why pay fees to reinvest if you are going to turn around and take the money out anyway. Second pass answer is a question: Why does it cost a fee to reinvest? I didn't think that was generally done. Third pass, ...
by bertilak
Sat Apr 18, 2015 10:39 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14879

Re: Bernstein: "If you've won the game, stop playing."

If you've won the game... by definition it's over. How can you keep playing? I equate "winning the game" to having secured a reliable (i.e. not risky) source of "enough" income, or at least having a large enough portfolio to do so. I equate "playing the game" to having...
by bertilak
Sat Apr 18, 2015 2:56 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 677
Views: 96297

Re: What Book Are You Currently Reading? Part VI

The Wonderful Wizard of Oz , L. Frank Baum, 1900. Saw the movie (who hasn't?) several times but never read the book. Turns out the book is quite charming. Only about quarter of the way through it so far. The book reads smoothly and naturally without the language seeming to be an artifact of the tim...
by bertilak
Sat Apr 18, 2015 7:33 am
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4903

Re: Favorite Boglehead Avatar?

"You're looking hale and hearty, little buddy!" I played the original Sam and Max - fun game :D For a short time I used Sam as an avatar. Not sure if that was here. I like the hat. Compare to my present avatar! I never noticed that before. I loved the game too. Went to the trouble of inst...
by bertilak
Fri Apr 17, 2015 7:17 pm
Forum: Forum Issues and Administration
Topic: Abbreviation: "OP"[? = "Original Poster"]
Replies: 14
Views: 1169

Re: Abbreviation: "OP"[? = "Original Poster"]

nisiprius wrote:FUNEM? VFM. FUNEX? VFX. OKMNX.

IDK
by bertilak
Fri Apr 17, 2015 6:32 pm
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1899

Re: Home stereo system conversion to digital

Ah. I thought you were gonna give up your tube equipment! In that sense I "went digital" a long time ago.
by bertilak
Fri Apr 17, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6104

Re: My job says I can't work for anyone else...

In my non-medical profession I had a similar situation. I was allowed, almost encouraged, to take a part-time, after-hours, teaching position in the same field at a local community college. I think the company was happy to add to their positive image in the community.
by bertilak
Fri Apr 17, 2015 10:04 am
Forum: Investing - Theory, News & General
Topic: Wellington/Wellesley in early retirement?
Replies: 7
Views: 1307

Re: Wellington/Wellesley in early retirement?

I held everything in W and W until I got an inheritance that needed to go into a taxable account. I didn't want a balanced fund in taxable (taxes) so now use index funds to put all equities in the taxable account and a mix of fixed income and equities in IRAs, also all in index funds. I also want Ro...
by bertilak
Fri Apr 17, 2015 9:37 am
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14879

Re: Bernstein: "If you've won the game, stop playing."

Perhaps this is the naivete of youth, but couldn't it be argued that if you've accumulated enough that you don't need the growth of stocks that you actually played the game too long? Why not say "once the game has been won by accumulating enough safe assets, put it all in FDIC insured bank acc...
by bertilak
Fri Apr 17, 2015 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Do growth of 10k charts include fees? Found conflicting info
Replies: 12
Views: 839

Re: Do growth of 10k charts include fees? Found conflicting

Growth charts can't account for fees that are different for different people. Anyway, those are fees you have control over. You can chose TO or NOT to use a 2% AUM investment advisor. The growth chart can't account for that, but you can. There are some fuzzy areas -- for example a fund may have a lo...
by bertilak
Thu Apr 16, 2015 10:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4903

Re: Favorite Boglehead Avatar?

I found bertilak's previous avatar with the Rabbit like creature very fascinating. Like it was calling me. http://i57.tinypic.com/2mw55pi.jpg That's Max from the Sam & Max comics , excuse me, make that "graphic novels!". They're "Freelance Police." Credit to Steve Purcell. H...
by bertilak
Thu Apr 16, 2015 3:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4903

Re: Favorite Boglehead Avatar?

Lets be friends!
Image
by bertilak
Thu Apr 16, 2015 12:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4903

Re: Favorite Boglehead Avatar?

Haha... ok, so yes, her name is englishgirl, since she posted just above my post. Englishgirl's avatar http://i62.tinypic.com/2sage3a.jpg always reminds me of http://static.tvtropes.org/pmwiki/pub/images/Hello_Kitty_Pink_2981.jpg and that's why I like it! It also makes me think Englishgirl must be ...
by bertilak
Thu Apr 16, 2015 12:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4903

Re: Favorite Boglehead Avatar?

Haha... ok, so yes, her name is englishgirl, since she posted just above my post. Englishgirl's avatar http://i62.tinypic.com/2sage3a.jpg always reminds me of http://static.tvtropes.org/pmwiki/pub/images/Hello_Kitty_Pink_2981.jpg and that's why I like it! It also makes me think Englishgirl must be ...
by bertilak
Wed Apr 15, 2015 7:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4903

Re: Favorite Boglehead Avatar?

Sorry to be late with an answer about my avatar, but wabisabi provided the answer.

About that mobster guess -- I think HL would have liked that guess.
by bertilak
Wed Apr 15, 2015 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2166

Re: Count Pension + SS as part of the Bond portion of AA?

No, because they are not bonds. "Income" and "assets" are not the same thing. I agree they are not the same thing. A globe and a map are not the same thing however they are simply different projections of the same object. A lake behind a dam can be viewed as an "asset"...
by bertilak
Wed Apr 15, 2015 6:37 pm
Forum: Investing - Theory, News & General
Topic: Why not rebalance with reinvested dividends?
Replies: 11
Views: 1725

Re: Why not rebalance with reinvested dividends?

I'm not sure you can do that. Normally dividends/CG are reinvested in the same fund or goes to cash. In a Vanguard mutual fund account you can certainly direct dividends to be invested in another fund. I don't think it makes much sense to send fund A dividends to fund B and vice-versa though. A bet...
by bertilak
Wed Apr 15, 2015 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2166

Re: Count Pension + SS as part of the Bond portion of AA?

I agree with those who say "don't do it." Next you will be tempted to count expenses as negative bonds! Sure, using some form of NPV calculation will get you numbers, positive and/or negative, but but to the extent you disguise one thing (cash flow) as another (value) you make your plannin...
by bertilak
Sun Apr 12, 2015 10:46 am
Forum: Investing - Theory, News & General
Topic: AA beyond achievement of your "number"
Replies: 22
Views: 2247

Re: AA beyond achievement of your "number"

:?: Except, maybe not. We have one child went to college, one did not. So, there is a special account with the non-graduate as sole beneficiary that contains what we might have spent had he gone to college. Seems there is always one deeper level of complexity! :happy In this case you could probably...
by bertilak
Sun Apr 12, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: AA beyond achievement of your "number"
Replies: 22
Views: 2247

Re: AA beyond achievement of your "number"

I used the term "liability matching" rather loosely because for a lot of people that means covering your expected needs in the safest/most conservative way possible, and investing the excess potentially in a more aggressive manner. I don't see any looseness or contradiction of terminology...
by bertilak
Sun Apr 12, 2015 9:35 am
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn: Prepay your mortgage
Replies: 31
Views: 3709

Re: Jane Bryant Quinn: Prepay your mortgage

Towards the end of the article is the following paragraph: Before you start a prepayment plan, however, consider what else you might do with that money. Top of my list would be paying off consumer debt and raising your contributions to a tax-deferred retirement plan. Both actions bolster your financ...
by bertilak
Sun Apr 12, 2015 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Indicator of a bad advisor?
Replies: 13
Views: 1667

Re: Indicator of a bad advisor?

My first hint that my 1.25% AUM advisor was doing a bad job was that he had me in a hodgepodge mix of various funds, etfs, stocks, an annuity (market indexed with about three riders added on) and could not tell me what the overall strategy was, despite asking several times. The most he could say was...
by bertilak
Sat Apr 11, 2015 7:04 am
Forum: Personal Consumer Issues
Topic: Would you use your neighbor's son for yard service?
Replies: 33
Views: 2178

Re: Would you use your neighbor's son for yard service?

Heck, when I was 15, living the "Leave it to Beaver" life in the suburbs, I don't think a "real" lawn service company could have stayed in business, there were so many teenagers looking for spending cash. Babysitting was the easy money for the younger crowd. Fifty cents an hour, ...
by bertilak
Fri Apr 10, 2015 5:40 pm
Forum: Investing - Theory, News & General
Topic: One percent can mean a lot... (article)
Replies: 7
Views: 1932

Re: One percent can mean a lot... (article)

Twins Fan wrote:I like to save by keeping expense ratios low also. Why isn't that mentioned? :wink: :happy

It is: "Spend less on little things." :happy

Note that he mentions saving $600 per year on coffee. Well saving 1% on $50,000 is even littler: $500.

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