Search found 2803 matches

by dratkinson
Thu Jul 02, 2015 4:06 pm
Forum: Investing - Theory, News & General
Topic: Beginner
Replies: 7
Views: 372

Re: Beginner

Recommended savings horizons and vehicles. 0-5 years: insured savings/MMkt/CDs, US savings bonds. 5-10 years: safe bond funds. >10 years: safe stock funds. The simplest way to manage your money is to avoid costly mistakes. Fortunately, much about this has already been written. Read The Only Investme...
by dratkinson
Wed Jul 01, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Closing a bank account
Replies: 8
Views: 1109

Re: Closing a bank account

Your new financial home. Have you considered making a credit union your new financial home? I ask because participating CUs interlink through a CO-OP service agreement. This means a local CU service center can access any of your remote participating CU accounts. You don't need an account at the loca...
by dratkinson
Wed Jul 01, 2015 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Muni Is Too Much Muni?
Replies: 15
Views: 1369

Re: How Much Muni Is Too Much Muni?

I only have bonds in taxable and all are munis. Justification: http://www.bogleheads.org/forum/viewtop ... 6#p2091256

You might want to read the entire topic at above. Interesting stuff.
by dratkinson
Tue Jun 30, 2015 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: As a couple in late 30s, how bad are we doing?
Replies: 63
Views: 9474

Re: As a couple in late 30s, how bad are we doing?

I didn't find this investing concept until I was in my 50s, so your start seems okay to me. Your husband's Roth IRA can be anything you (plural) want/need it to be. It is recommended by some that new investors should be 25-30% bond until after you've weathered your first market crash. After the cras...
by dratkinson
Mon Jun 29, 2015 4:30 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 224
Views: 18394

Re: Forum software upgrade bug reports and change requests

Usernames went away for a little while. Your suggestion to reload cache and "F5" seems to have fixed that. Thanks.
by dratkinson
Sun Jun 28, 2015 3:36 pm
Forum: Forum Issues and Administration
Topic: Forum Software Upgrade at 4 PM Eastern TODAY [Complete]
Replies: 9
Views: 688

Re: Forum Software Upgrade at 4 PM Eastern TODAY [Complete]

Is it just me or did all of the user/member information disappear? FF v2 not showing any user/member information: can't tell who created topic, or who is replying to topic. Topic area is now full screen width. Edit box now full screen width and smilies now in horizontal row across top of edit box. A...
by dratkinson
Sun Jun 28, 2015 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: are these legit Vanguard reviews?
Replies: 38
Views: 4428

Re: are these legit Vanguard reviews?

I didn't read the linked site. Why? It's a waste of time reading something that disagrees with reality. History. I have been reading about "highly rated" Vanguard since the 'late '70s: Money's annual (February) mutual fund issue, book The Only Investment Guide You'll Ever Need , other publ...
by dratkinson
Sun Jun 28, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Just started first real job, need financial advice!!!!
Replies: 10
Views: 1412

Re: Just started first real job, need financial advice!!!!

Read the book [i]The Only Investment Guide You'll Ever Need[/], by Andrew Tobias. It covers a wide range of personal finance topics: life insurance, debt, credit cards, introductory investing,.... I side with the Roth camp: swap the few short-term tax advantage of the traditional IRA/401k, for the m...
by dratkinson
Sat Jun 27, 2015 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best Paper Loss Vehicles
Replies: 5
Views: 981

Re: Best Paper Loss Vehicles

Novice investor. No direct knowledge and my memory is faulty. You are forewarned. Recall forum members discussing 401k options for sole proprietor business. A typical 401k has an ~$18K annual limit. Don't know if limit is same for sole proprietor 401k. Recall another discussion of business owner set...
by dratkinson
Sat Jun 27, 2015 4:29 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19968

Re: When saving money becomes an irrational obsession

A 1994 Buick Regal (my "ride") is most assuredly not a luxury motor vehicle these days. Moreover, given that I drive it (at most) 30 miles/week (to the store and back), I'm not sucking up a lot of petrol. Last I checked, 120 miles/mo, divided by 20 miles/gallon, equals 6 gallons of gasoli...
by dratkinson
Fri Jun 26, 2015 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: New to investments
Replies: 12
Views: 1010

Re: New to investments

IRAs. Call Vanguard. Tell them you want to move all of your IRAs to Vanguard. They'll walk you through the process. You can't do anything about the fees you've already paid, you can't do anything about any fees you'll pay to close/move your existing IRA accounts, but by moving you will stop any futu...
by dratkinson
Fri Jun 26, 2015 4:00 pm
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5244

Re: Squirrel nemesis

If you don't go the silent pellet gun route.... The "crack" from a bullet is a mini sonic boom from a projectile traveling faster than speed of sound. You don't need a suppressed .22 rifle, only subsonic ammo: projectile travels slower than speed of sound. It's made in .22 variety. Reliabl...
by dratkinson
Thu Jun 25, 2015 4:01 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19968

Re: When saving money becomes an irrational obsession

I think we see more than one of these here on BH. Like the person that has pensions and SS covering 100% of their yearly expenses AND has a 7-figure portfolio to boot and is worried if they can retire. Honestly, along with the doctors who want help with their portfolios, this is why I don't come he...
by dratkinson
Wed Jun 24, 2015 1:58 pm
Forum: Personal Consumer Issues
Topic: Most Economical Way to Handle the Lawn
Replies: 71
Views: 6540

Re: Most Economical Way to Handle the Lawn

I tried many different mowers (reel-type, corded electric, ICE self-propelled, lawn tractors) before finding what best suited me. (I eventually settled on a used Snapper convertible mower with a disk transmission, bought off CL for $150.) Rent before you buy. Suggest you try renting different mowers...
by dratkinson
Tue Jun 23, 2015 9:12 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 218
Views: 19677

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

I didn't listen to 2008/9 market news as it was just too emotional for me... I can't comfortably remain long at that fever-pitch. So the 2008 crash and the later ones I mostly missed. I only watched my rebalance bands and stayed within them. I missed all of the crashes before 2005, because having pr...
by dratkinson
Tue Jun 23, 2015 5:32 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19968

Re: When saving money becomes an irrational obsession

I notice from above tales that when savers/spenders marry, and they compromise, it is being framed as a greater benefit to the saver. I disagree with this characterization, as savers don't need to be saved . Why? Because savers, by definition, can survive on their own and create any lifestyle they w...
by dratkinson
Tue Jun 23, 2015 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Made outsize returns in a short period of time: what am I doing wrong?
Replies: 34
Views: 4574

Re: Made outsize returns in a short period of time: what am I doing wrong?

I thought of this later. I originally replied to be in for the ride as these topics are always short, but interesting: young, lucky, new investor. I learned in my younger years that I couldn't pick stocks by losing $10K within 1-2 years. It was a painful lesson at the time, but it was also beneficia...
by dratkinson
Tue Jun 23, 2015 2:38 pm
Forum: Personal Consumer Issues
Topic: Backyard conundrum
Replies: 61
Views: 9257

Re: Backyard conundrum

"The 15.5x24 area will be fake grass(for the puppy mostly)" No direct experience, so curious how does that work? I ask because a past adjoining neighbor had a dog. Its urine would seem to kill back the grass (brown spots), but the stool areas, over time, eventually grew the thickest, darke...
by dratkinson
Mon Jun 22, 2015 3:26 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19968

Re: When saving money becomes an irrational obsession

This reminds me of the wealthy old relative in the family. He had a rotary dial phone until around 2009 because there was a small surcharge for pulse dialing. That hits a little too close to home. I kept the rotary dialing until they stopped charging for it and forced me to switch because they no l...
by dratkinson
Mon Jun 22, 2015 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Made outsize returns in a short period of time: what am I doing wrong?
Replies: 34
Views: 4574

Re: Made outsize returns in a short period of time: what am I doing wrong?

... what should I pursue as a stable long-term investing strategy? What should I read to know what is achievable? What kind of returns should I see as targetable without excessive risk? I am going to read Graham's The Intelligent Investor, of course, and I'm looking forward to something between +5 ...
by dratkinson
Mon Jun 22, 2015 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11943

Re: Investing 11 Million Dollar Gift

A single balanced fund is a bad idea for $11M. The taxes due on the annual rebals could be substantial. Better to control the rebals yourself so you can control tax efficiency. I can't refute your logic without knowledge of Vanguard's internals, but certainly a fund touted as "tax-managed"...
by dratkinson
Sun Jun 21, 2015 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: UBS QGARP Help
Replies: 4
Views: 471

Re: UBS QGARP Help

I'm late to the party. Recent UBS topics caused me to search forum for others, and found this. Don't know what "a fair amount of cash that needs to be invested" means. Millions? Thousands? Tax-advantaged account? Taxable account? High tax bracket? Low tax bracket? The management difference...
by dratkinson
Sun Jun 21, 2015 4:25 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 19968

Re: When saving money becomes an irrational obsession

I believe "When saving money becomes an irrational obsession" is defined by those who would spend more, not by those who would save more. In this I'm reminded of my worthless brother's many schemes when he thought I was saving too much. If this issue is not a problem for the savers, then i...
by dratkinson
Sun Jun 21, 2015 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11943

Re: Investing 11 Million Dollar Gift

Search forum for "protecting assets", as I recall previous discussions. If forum search doesn't produce what you need, and you don't get an answer here, may need to start a new "protecting assets" topic to draw attention of knowledgeable posters. (Everyone here now came in becaus...
by dratkinson
Sun Jun 21, 2015 2:20 pm
Forum: Personal Consumer Issues
Topic: Backyard conundrum
Replies: 61
Views: 9257

Re: Backyard conundrum

If you don't already have one, now is the time to also think about installing a sprinkler system for your new backyard. And the time to install it is when the ground is torn up, before the final lawn/plants are installed. Search internet for "sprinkler system design". Could also search her...
by dratkinson
Sun Jun 21, 2015 4:53 am
Forum: Investing - Help with Personal Investments
Topic: First Investment
Replies: 8
Views: 723

Re: First Investment

If new to personal finance issues, suggest your read The Only Investment Guide You'll Ever Need , by Andrew Tobias. It covers a wide range of personal finance issues: life insurance, debt, credit cards, investing,.... Search Wiki (link: screen top right) for topic on recommended "books". R...
by dratkinson
Sun Jun 21, 2015 4:39 am
Forum: Personal Consumer Issues
Topic: Backyard conundrum
Replies: 61
Views: 9257

Re: Backyard conundrum

Labor is the expensive part. Sweat equity can save a lot of money. I remember seeing episodes of "Ask This Old House" where lawns were renovated: soil testing (county agricultural extension), soil amended (bulk delivery), aerated before spreading amendment (rented core aerator) or rototill...
by dratkinson
Sat Jun 20, 2015 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11943

Re: Investing 11 Million Dollar Gift

Congratulations. Ditto the advice to give yourself plenty of time to think/plan, before you act. Kids. See you are addressing this issue---kids squandering parents' wealth---by your desire to return to work... under your terms. Recall a distant financial-advice radio show in which the book "Tra...
by dratkinson
Wed Jun 17, 2015 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie intro. Eager to learn!
Replies: 17
Views: 1533

Re: Newbie intro. Eager to learn!

Stocks are for growth, bonds are for stability. --Placing all of your bonds in tax-advantaged accounts means they have little growth opportunity. --Another schools of thought says to "shoot for the moon" in your tax-advantaged accounts, meaning place stocks there and bonds in taxable accou...
by dratkinson
Mon Jun 15, 2015 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Milestone Reached Last Week
Replies: 41
Views: 6740

Re: Nice Milestone Reached Last Week

Congratulations. Happy for you. Keep up the good work.
by dratkinson
Sun Jun 14, 2015 4:13 pm
Forum: Personal Consumer Issues
Topic: Where do you keep your to do list?
Replies: 60
Views: 5018

Re: Where do you keep your to do list?

My home To Do list is a WordPad document. It's included in Startup processing, so it's open on my desktop after bootup. Some tasks are general and listed at the top as a reminder to work on them until completed. Example: Task: Update estate documents. Some tasks are date specific and listed in chron...
by dratkinson
Fri Jun 12, 2015 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Bad financial advisor advice on American growth fund? Please help me!
Replies: 7
Views: 1500

Re: Bad financial advisor advice on American growth fund? Please help me!

Tuition. You learn quickly, grasshopper. Consider the fees you paid as tuition for the investing lesson you've learned. What was the lesson? Bank FAs turn a clients worthless wealth into valuable fees and commissions. Some of us have paid much more than you. Transfer your IRA to Vanguard. Call Vangu...
by dratkinson
Fri Jun 12, 2015 12:07 pm
Forum: Investing - Theory, News & General
Topic: Alternative theories
Replies: 53
Views: 4587

Re: Alternative theories

Don't forget this ongoing wager testing alternative theories: Buffett's 10 year $1M bet, 2008-2014 status: http://fortune.com/2015/02/03/berkshires-buffett-adds-to-his-lead-in-1-million-bet-with-hedge-fund/ I hope there's a concluding in-depth business school write up as I'm curious how it will turn...
by dratkinson
Fri Jun 12, 2015 11:30 am
Forum: Investing - Help with Personal Investments
Topic: pls help with my AA, incl TSP
Replies: 17
Views: 2220

Re: help me help you!

Emergency fund. I don't favor tapping a Roth IRA as part of an emergency fund. Why? I believe an EF should be refillable, and a Roth is not refillable. I've likened tapping a Roth before retirement as killing the golden goose sitting on our nest egg. Others believe it's only stealing a few eggs. Yo...
by dratkinson
Thu Jun 11, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: Alternative theories
Replies: 53
Views: 4587

Re: Alternative theories

Google "financial advisor forum". There is another world out there that doesn't believe in minimizing client costs, and that they can foresee the future.
by dratkinson
Thu Jun 11, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: pls help with my AA, incl TSP
Replies: 17
Views: 2220

Re: help me help you!

Costs matter. --Annual market returns: are NOT guaranteed and are NOT under your control. --Annual costs: ARE guaranteed and ARE under your control. --So to increase your annual market return---whatever it is---reduce your costs. QED. Tax-advantaged accounts. Keep it simple: US, international, bond...
by dratkinson
Mon Jun 08, 2015 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Redeemed paper saving bonds: neither fast nor simple.
Replies: 6
Views: 1271

Redeemed paper saving bonds: neither fast nor simple.

Simplicity. Recent topics about planning for diminished financial management ability later in life caused me to review my investments with an eye to simplifying. Some MET stock shares from the MetLife demutualization and my savings bonds (electronic and paper) seemed to be most logical candidates fo...
by dratkinson
Mon Jun 08, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 9414

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

Don't believe OP made a mistake. Instead believe OP's friend added 2 + 2... and discovered a previously untapped pool of resources. Believe RetiredJG's reply to be wise. Maybe friend was having a bad day and over reacted. See how things go in future. Let her determine future course. If OP wants, can...
by dratkinson
Sun Jun 07, 2015 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: 24 y/o Brand new to investing with no prior experience wanting to start Roth IRA
Replies: 5
Views: 745

Re: 24 y/o Brand new to investing with no prior experience wanting to start Roth IRA

Read The Only Investment Guide You'll Ever Need , by Andrew Tobias. It covers a wide range of personal finance topics: life insurance, debt, credit cards, investing.... 1. Invest in a Roth IRA every year. An all-in-one fund is fine. A target date retirement fund increases bond allocation as you age....
by dratkinson
Sun Jun 07, 2015 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Own Car but Rent: Can I have my own Auto & Non-Owned Policy?
Replies: 7
Views: 836

Re: Own Car but Rent: Can I have my own Auto & Non-Owned Policy?

In a prior life I frequently drove a government-owned vehicle (GOV). My insurance company (USAA) offered a cheap GOV rider (~$15/year) which covered me should I need it. Check with your auto insurance provider for similar non-owned vehicle coverage. Could be cheap insurance. My insurance does cover...
by dratkinson
Sat Jun 06, 2015 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Needed: building a $20k portfolio for 25 y/o?
Replies: 21
Views: 1934

Re: Advice Needed: building a $20k portfolio for 25 y/o?

... I prefer active-managed funds because I just feel someone is actually "doing something for me" when market turns, particularly when it turns down. ... Chasing hot funds/market sectors in an attempt to get more than the total market return is a loser's game. Owning the total stock mark...
by dratkinson
Fri Jun 05, 2015 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Own Car but Rent: Can I have my own Auto & Non-Owned Policy?
Replies: 7
Views: 836

Re: Own Car but Rent: Can I have my own Auto & Non-Owned Policy?

In a prior life I frequently drove a government-owned vehicle (GOV). My insurance company (USAA) offered a cheap GOV rider (~$15/year) which covered me should I need it.

Check with your auto insurance provider for similar non-owned vehicle coverage. Could be cheap insurance.
by dratkinson
Fri Jun 05, 2015 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: When do I switch funds?
Replies: 8
Views: 1092

Re: When do I switch funds?

If your TR fund is in a personal tax-advantage account (traditions IRA, Roth IRA), then you're good to go for several more years... no need to mess with it. However, if your TR fund is in a taxable account, you expect your fed tax bracket to be =>25%, or you have access to an employer's retirement p...
by dratkinson
Thu Jun 04, 2015 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: We drank the Kool-Aid. Now what? [Portfolio Review/Advice Request]
Replies: 11
Views: 2266

Re: We drank the Kool-Aid. Now what? [Portfolio Review/Advice Request]

... Most prefer NOT to reinvest distribution. Instead allow them to accumulate in your MMkt (or bank savings/checking, your choice) and rebalance in larger lumps. This avoids having a lot of small tax lots to track, if that is an issue for you. And it helps with avoiding wash sale issues should you...
by dratkinson
Wed Jun 03, 2015 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: We drank the Kool-Aid. Now what? [Portfolio Review/Advice Request]
Replies: 11
Views: 2266

Re: We drank the Kool-Aid. Now what? [Portfolio Review/Advice Request]

Municipal bonds. Noting your fed tax rate, you are a candidate for using municipal bond in your taxable account vs using taxable bonds. The textbook answer is to use an intermediate-term national fund (VWITX/VWIUX). Can pair the national muni fund with 50% single-state muni fund if your due diligen...
by dratkinson
Sun May 31, 2015 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: beginner's question about allocation... [Hong Kong]
Replies: 9
Views: 713

Re: beginner's question about allocation... [Hong Kong]

I've been trying to encourage my Chinese penpal to begin investing by simulating a HKSE portfolio. Bonds. My penpal is ~30 yo, so the portfolio is a conservative 30% bonds. In this I'm following the advice that young investors should be 30% bonds until after they have weathered their first market cr...
by dratkinson
Fri May 29, 2015 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Ideas for short term investment?
Replies: 10
Views: 842

Re: Ideas for short term investment?

Recommended goal time frames and investment vehicles:
0-5 years: insured bank savings/CD, savings bonds.
5-10 years: safe bonds.
>10 years: safe stocks.
by dratkinson
Fri May 29, 2015 11:08 am
Forum: Investing - Help with Personal Investments
Topic: American living in Taiwan
Replies: 22
Views: 1809

Re: American living in Taiwan

Taiwan-US money transfers. Check out HSBC bank. Seem to recall an old ad saying your money is available at local ATMs wherever you go: US or foreign country. If remembered correctly, then there should be no transfer fee, just a currency conversion fee.

See: http://www.hsbc.com.tw/1/2/home_en
by dratkinson
Fri May 29, 2015 8:55 am
Forum: Forum Issues and Administration
Topic: My post printed twice
Replies: 7
Views: 1193

Re: My post printed twice

If no one has posted after your post, you can delete it yourself. Click the delete-post button (top, center right) of your post. If someone has posted after your post, the delete option is not available. In that case, click the report-post button, and fill in the explanatory box asking an admin to d...

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