Search found 751 matches

by downshiftme
Fri Aug 28, 2015 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: If stocks dropped 30% next Monday, would you rebalance?
Replies: 90
Views: 4551

Re: If stocks dropped 30% next Monday, would you rebalance?

That's enough to drop me out of my rebalancing band, so I would rebalance. However there is nothing in my IPS about being reactive to daily changes, and there is general language about not attempting to follow short term market moves, so while I would start to get ready to rebalance, I would not exp...
by downshiftme
Wed Aug 19, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Bank closed all my accounts without explanation
Replies: 66
Views: 6045

Re: Bank closed all my accounts without explaination

I was really entertained by the OPs progressive explanation. Post 1: "What the heck? No idea why!" Post 2: "Well I did deposit large sums of money, but they never contacted me!" Post 3: "Well they did try to contact me and I acted even more suspicious during that call"...
by downshiftme
Tue Aug 18, 2015 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need 401k Advice
Replies: 9
Views: 515

Re: 401k Advice

Formatting makes it hard to understand if the S&P500, Small Cap and Mid-Cap all have ER around 0.06? If so these are excellent choices. Most of the other ER are higher than you probably want, but for a Principal plan it's not as bad as it could be. Confirm that you really do have some low cost f...
by downshiftme
Tue Aug 18, 2015 6:20 pm
Forum: Personal Consumer Issues
Topic: Non-Retirees: Scared about retirement?
Replies: 45
Views: 4988

Re: Non-Retirees: Scared about retirement?

Sequence of return risk.

If a big market rise puts me over the asset value that I target for retirement, will a protracted downturn occur just as I retire and put me way back under my target, just as a soft economy makes it hard for me to be re-employed.
by downshiftme
Sat Aug 15, 2015 11:48 am
Forum: Personal Finance (Not Investing)
Topic: What does "LBYM" refer to? Beyond or Below your means?
Replies: 33
Views: 2226

Re: What does "LBYM" refer to? Beyond or Below your means?

I just googled LBYM and all the results on the first page refer to it as Living Below Your Means. No need to invent a different acronym. I've never seen LBYM referred to as Beyond anywhere. While I can find articles using "beyond" instead of "below" they are usually describing h...
by downshiftme
Fri Aug 14, 2015 10:06 pm
Forum: Investing - Theory, News & General
Topic: "Investors Are Driving Expense Ratios Down"
Replies: 9
Views: 1359

Re: "Investors Are Driving Expense Ratios Down"

While there are strategies I can employ to deal with a subpar 401k plan, the fact remains that the available slate of investments in these plans is not chosen by the investor, but by the employer in concert with advisers, administrators and often salesmen. It's a long effort, if it's even possible, ...
by downshiftme
Wed Aug 12, 2015 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: A retiree's Investment Policy Statement
Replies: 32
Views: 3399

Re: A retiree's Investment Policy Statement

I think you can simplify it greatly. There is no need to explain why your plan is what it is, unless you think you will forget it ! I much prefer it NOT simplified. With the brief but clear descriptions of why things are set up the way they are, you make it much easier for anyone else (heir, surviv...
by downshiftme
Tue Aug 11, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Your First Job
Replies: 113
Views: 6564

Re: Your First Job

Yardwork (paid by neighbors). Lawnmowing and yardwork (always unpaid) at home. About age 12-13.

Lots of babysitting (unpaid at home with younger siblings) but paid with neighbors at about the same 12-13 years old (middle school age).
by downshiftme
Mon Aug 10, 2015 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to get laid off[? company laying people off with good severance package]
Replies: 28
Views: 3736

Re: How to get laid off[? company laying people off with good severance package]

The last time I was part of planning a big layoff, we were given headcount targets that we had to meet. If possible we filled that quota with low performers, but it was a well run dept with a high target to layoff, so there were only a few people who we were complacent about laying off. Most we agon...
by downshiftme
Fri Aug 07, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 118
Views: 7024

Re: College Admission Time, What parents need to be aware and how to be helpful

When, in the high school cycle, did folks do college tours? During the school year in 11th grade is the best time to do a tour where you can see what the school is like during classes, perhaps even shadow a student and in some schools stay overnight in a dorm. Unfortunately you can only do this for...
by downshiftme
Thu Aug 06, 2015 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 118
Views: 7024

Re: College Admission Time, What parents need to be aware and how to be helpful

As a graduating high school senior with an opportunity to go to any of those top schools, your student will have a chance to learn about a lot more potential fields of interest than their high school view of the world. Keep an open mind. Any of these top schools are excellent and any of them will be...
by downshiftme
Thu Aug 06, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: parent -> child gifts
Replies: 14
Views: 1381

Re: parent -> child gifts

A $4 million estate could grow to over $5 million before the parent dies and estate taxes could be triggered on the new larger estate. The rules for estate exemptions could change. The parent could be the target of a lawsuit or other very expensive action that could deplete the $4 million and only g...
by downshiftme
Wed Aug 05, 2015 8:54 pm
Forum: Personal Consumer Issues
Topic: Anyone hire a night nanny?
Replies: 8
Views: 1416

Re: Anyone hire a night nanny?

You might try looking for recommendations from local midwives. Midwives in your area probably are easier to locate than doulas or night nannies.
by downshiftme
Wed Aug 05, 2015 8:52 pm
Forum: Personal Consumer Issues
Topic: Comcast wants me to buy a new modem (I think)
Replies: 53
Views: 2833

Re: Comcast wants me to buy a new modem (I think)

I went through exactly this with Comast a few months ago. They hounded me to upgrade and eventually cut off my internet until I traded the old modem for a new one. I chose the one without the integrated router because I already had a router, but their required new modem would only connect to my rout...
by downshiftme
Thu Jul 30, 2015 3:49 pm
Forum: Personal Consumer Issues
Topic: Asking for separate checks?
Replies: 88
Views: 6667

Re: Asking for separate checks?

Credit Card Roulette. At a 12 person dinner, you have an 11/12 chance of not paying. The trick is to play regularly and it all evens out. This is not so. It NEVER evens out. If one person consistently orders food twice as expensive as everyone else, they will still pay on average 1/12 of the total ...
by downshiftme
Thu Jul 30, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting a young adult from his money?
Replies: 27
Views: 3611

Re: Protecting a young adult from his money?

While a UTMA or UGMA account is technically owned by the minor at age 18 or 21, depending on details and state, there is no mechanism that specifically alerts the kid to the pile of money. There will still be account statements and tax implications, but many 18-21 year olds are not particularly awar...
by downshiftme
Sun Jul 26, 2015 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 3104

Re: Golden handcuffs - help with vested retirement plan

I would not describe $53K as "uber-generous". That is the federal limit for contributions to 401k and profit sharing plans for individuals under age 50. That is a very common contribution amount for physicians and executives. Wow, I must run with the wrong crowd. Seems uber generous to me...
by downshiftme
Sun Jul 26, 2015 8:38 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 196
Views: 13781

Re: Would you look down on a co-worker for driving a beater?

Is the rust just cosmetic? People who save a lot by being frugal and driving old cars can have their own success on their own terms, even if it doesn't conform to the professional idea of fancy high end expenditures. But rust that is structural brings it's own set of problems. Frugal at the expense ...
by downshiftme
Sun Jul 26, 2015 8:16 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4502

Re: Can you return food at a restaurant and not have to pay for it?

In my experience, restaurants are unreliable and even high end places can make mistakes. I've not experienced the deliberate sabotage some other posters have described, but I have seen plenty of foolish mistakes. A vegetarian friend reports that she fairly frequently finds bacon in dishes that waite...
by downshiftme
Wed Jul 22, 2015 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3496

Re: Huge Mistake, Bought PBYI, Now What?

If you had the cash in hand today, would you buy this stock at it's current price? If so, hold. If not then you should sell and get the cash back. Otherwise you are letting your bias from investing a larger amount in the past unduly influence your current action. From your description it sounds like...
by downshiftme
Sun Jul 19, 2015 10:56 pm
Forum: Personal Consumer Issues
Topic: Costco Prescription Glasses
Replies: 17
Views: 1464

Re: Costco Prescription Glasses

I prefer Zenni Optical, which is less expensive than even my VSP. My daughter liked the choices at Costco better and we were able to submit the bill to VSP after we paid in full.
by downshiftme
Fri Jul 17, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should severance be allowed to reduce emergency fund?
Replies: 23
Views: 2218

Re: Should severance be allowed to reduce emergency fund?

I would not reduce my Emergency Fund based on a promise to receive severance unless I had an employment contract that specified it. Even then, I would be cautious, as companies don't always follow their own rules and I might need that emergency fund to compel compliance with their contract. Companie...
by downshiftme
Fri Jul 17, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: New Vanguard Customer
Replies: 20
Views: 2216

Re: New Vanguard Customer

My suggestion is that if your allocation scheme includes positions of less than 5% that you may have made it overly complex. A position under 5% can have little effect on overall portfolio performance. You may be able to achieve a similar performance / risk profile with a simpler allocation to fewer...
by downshiftme
Tue Jul 14, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 952

Re: Retroactive Social Security

Is this new? In previous conversations with SS, I have been told that the adjustments for early or late starts, compared to FRA, are based on the exact month you start and will be computed to change for each month you delay.
by downshiftme
Tue Jun 23, 2015 9:29 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 220
Views: 25571

Re: What was the 2008 crash like in real time?

Having been through the dot.com crash before, I was well conditioned to do nothing. Besides in both the dot.com and the 2008 crash, the company I was working for had problems and there were big layoffs. While I did think about my investments and deliberately stood still and did nothing, the action w...
by downshiftme
Mon Jun 22, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 12760

Re: Investing 11 Million Dollar Gift

my wife is not very stable and I do not want to fund her decision to make a wrong decision against me and my sons This is a consideration far more important than how you invest this. If you manage to keep this as separate property then in theory it would still be yours in the event of a divorce. Ho...
by downshiftme
Sat Jun 20, 2015 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401K advisor Qusestions
Replies: 25
Views: 2670

Re: 401K advisor Qusestions

There is a large universe of actively managed funds to choose from. If you are willing to cherry pick the lists, you can find some that happened to have better performance than passive funds. The real test is what will happen going forward, and I bet your adviser will NOT offer any guarantee that th...
by downshiftme
Sat Jun 20, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 4
Views: 693

Re: Wills

Those both seem like reputable products, but the real test of a will happens after I am gone and cannot do anything about it. To insure that my wishes are actually going to be carried out and there's no way to challenge or over turn the will, or to insure that I don't make a technical mistake that i...
by downshiftme
Sat Jun 20, 2015 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4453

Re: Is Private Banking ever useful for simple Bogleheads

So where my bank (big bank) has a "Private Banking" section that's walled off from the regular bank and seems to be offering a "private banking" relationship for $1 million in accounts, you think this is really just the "private client" type arrangement which offers may...
by downshiftme
Fri Jun 19, 2015 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4453

Re: Is Private Banking ever useful for simple Bogleheads

While I do like drinks, handshakes and the subtle scents of leather and mahogany, I don't want to pay 1% of my assets (or whatever they charge) just for that. I can buy a lot of air fresheners if my nose feels neglected. But are there any real benefits beyond the idea of not waiting in line. Honestl...
by downshiftme
Fri Jun 19, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4453

Is Private Banking ever useful for simple Bogleheads

As a diligent saver and a more of less straight Boglehead investor, eventually my assets have accumulated. With most of my investing assets at Vanguard and banking at a big national bank, I qualify for most of the bank's no fee premier customer accounts by keeping some 10's of thousand in accounts a...
by downshiftme
Thu Jun 11, 2015 12:28 pm
Forum: Personal Consumer Issues
Topic: Non-Bogleheads approach to changing cars?
Replies: 44
Views: 5142

Re: Non-Bogleheads approach to changing cars?

Trying to anticipate your needs years in advance would be akin to market timing I don't see it that way. Trying to anticipate your needs years in advance would be akin to long term planning. Maybe if you "anticipate" a mid-life crisis and buy a sports car or if you try to guess when self-...
by downshiftme
Tue Jun 09, 2015 2:17 pm
Forum: Personal Consumer Issues
Topic: Problem with Social Security Website
Replies: 8
Views: 866

Re: Problem with Social Security Website

I had a similar problem some time ago with the SS site. Although I know I was using the correct password and was not getting a password error, I finally got the problem to go away by telling them I forgot my password and asking for a reset. I suspect that different parts of their system regard accou...
by downshiftme
Mon Jun 08, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 9994

Re: close friend found out how much I have - bad outcome

I'd like to think that most people are tactful enough as to not ask about the method of payment (all cash vs. loan, etc.). I would have thought the same, and for myself I cannot imagine asking such a question except with a very good friend in a very special situation. However my experience has been...
by downshiftme
Mon Jun 08, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8290

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. If I recall correctly, one has to live to ~81 to break even With financial analysis, we are accustomed to working out break even calculations and...
by downshiftme
Mon Jun 08, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Economic Outpatient Care for a Boglehead
Replies: 70
Views: 5207

Re: Inheritance and Economic Outpatient Care for a Boglehead

Some costs are going to be hard to include, like living in a good school district or a generally positive upbringing. inheritances: 0 school fees: public school, but there were always fees for activities. No idea how to account for these. College tuition: undergrad+living expenses 100% paid by paren...
by downshiftme
Mon May 25, 2015 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 61
Views: 4483

Re: Do Bogleheads plan to utilize Independent Living facilities?

CCRC are in my plan. I had a relative who spent more than 30 years in one, starting in an independent cottage, moving to an apartment and then various forms of assisted living as needed. Including moving back down the scale when recovery went well. There was always an active social life, plenty of f...
by downshiftme
Fri May 22, 2015 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1393

Re: Confirming that I should not use my 401k

Without a match and will moderately poor choices, the only reasons to use the 401k would be to shelter more income than your IRA can. That doesn't seem to apply in your case, so your reasoning seems sound.
by downshiftme
Fri May 22, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: Our Mistakes Benefit Future Generations
Replies: 27
Views: 5301

Re: Our Mistakes Benefit Future Generations

Based on the title, I expected a thread about the difficulty balancing desire for financial security and the difficulty projecting future expense, which will result in excess portfolio balances transferring to future generations. There should be large inter-generational transfers ahead. Good thing t...
by downshiftme
Thu May 21, 2015 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Confused [about bonds]
Replies: 19
Views: 2529

Re: Confused

tickers? Usually you can get more responses if you include fund names in addition to tickers.
by downshiftme
Thu May 21, 2015 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone had the Personal Capital complementary review yet?
Replies: 31
Views: 4662

Re: Anyone had the Personal Capital complementary review yet?

Well, different strokes. I have no desire at all to share my account details with anyone for purpose of aggregating my view of investments. I can see from my existing statements and online access very well what I have. If I couldn't, I would simplify. This application solves a problem I don't have, ...
by downshiftme
Wed May 20, 2015 9:04 am
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 3471

Re: How should drivers react to bicycle riders on one lane roads?

As a cyclist, please pass me as soon as it's safe, double yellow or not. Wait! While it's probably a good idea to pass the cyclist with a wide berth as soon as you can safely do so, double yellow lines often mark areas where it is NOT safe to pass, perhaps due to visibility or blind entrances. Unle...
by downshiftme
Tue May 19, 2015 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Living on last months income.
Replies: 33
Views: 3619

Re: Living on last months income.

I prefer to think of it as having a month's worth of buffer in the checking account, but the effect is the same. One of the parts of detailed budgeting that seemed most onerous to me was worrying about the dates the paychecks arrived in relation to the dates the rent or other bills were due. By havi...
by downshiftme
Fri May 15, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody know of a good no-cost HELOC?
Replies: 10
Views: 1055

Re: Anybody know of a good no-cost HELOC?

Don't know about their current offering, but PenFed usually has a good no-fee HELOC option.
by downshiftme
Thu May 14, 2015 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Executor of Will ignores instructions in will!
Replies: 21
Views: 4643

Re: Executor of Will ignores instructions in will!

So, by selling at half price, he effectively reduced the value of the asset by 100k (half of which would have been your wife's), but he also may have removed a 200K asset from the estate (again half of which would have been your wife's). So the damage is either 50k or 100k depending how you look at ...
by downshiftme
Wed May 13, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Too soon to change jobs? Pres/CEO types
Replies: 18
Views: 2725

Re: Too soon to change jobs? Pres/CEO types

Not a career path I have any interest in, but my 2 cents is of course you take this new job. Obviously. And here's why: opportunities with a clear path to CEO roles at this level, not to mention a built in mentor who wants you to make the leap, are rare. You don't appear to have one where you are no...
by downshiftme
Wed May 13, 2015 12:01 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 12084

Re: Will you buy self-driving car?

Sorry, but even if self-driving cars never crash and human drivers crash nine times out of ten, safety isn't a selling point for me. Well, now I'm confused. Why would such a safety advantage not be a selling point for you? What "selling point" either in favor or against is relevant for you?
by downshiftme
Tue May 12, 2015 2:35 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 12084

Re: Will you buy self-driving car?

Aircraft autopilot is a very different problem than automobile autopilot. One of the biggest differences is that a car autopilot can always slow down and safely stop if it encounters an unexpected situation. Airplanes cannot. Likewise, cars can slowdown or pull off to the side of the road and wait f...
by downshiftme
Mon May 11, 2015 6:07 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 12084

Re: Will you buy self-driving car?

Has anyone thought of the moral decisions that an autonomous car would be faced with? You're driving along and a 10 year old kid runs into the street. Do you swerve and kill yourself? Do you hit the kid? What if you're not alone in your car, and you have your kid and their school mates, does that c...
by downshiftme
Mon Apr 20, 2015 12:52 pm
Forum: Personal Consumer Issues
Topic: Just got contact lenses. Should I buy backup glasses?
Replies: 22
Views: 1372

Re: Just got contact lenses. Should I buy backup glasses?

As a contact lens wearer, I strongly recommend having spare glasses available. These are only for backup, so getting very inexpensive ones from Zenni Optical made sense for me. I don't like to carry them around, so I park a pair in my car, in my office, at home, in my carry on bag, and I know if any...

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