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Re: Book for 20 Year Old Beginner

I like "the only investment guide you will ever need" by Andrew Tobias though it is not Truly Boglehead +1 "Retirement investing" is only one of the important money-facets that it covers. I started there with it in the '70s. Everything was useful. Supplement it with The Boglehea...
by dratkinson
Sat Apr 19, 2014 5:46 pm
 
Forum: Investing - Theory, News & General
Topic: Book for 20 Year Old Beginner
Replies: 14
Views: 822

Re: Binocular Recommendation Request

I received a gift of a small, light-weight pair of Pentax (Jupiter, 8x21) that seems to work well and easily fits in my glove box, waist-pack, or belt loop. However, from previous binocular topics, I believe you can buy even better if your budget is $200.

Search forum.
by dratkinson
Sat Apr 19, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Binocular Recommendation Request
Replies: 11
Views: 308

Re: New to investing, looking for insights

Any insight as to whether or not I should bring on some of the small cap fund ( LSCRX ) into my 401k? The turnover is22%, the ER of 1.33% :oops: and it is a blend of small cap stocks with 96.04% being held domestically, 0.97% foreign stocks and 2.99% cash. I basically have no exposure into small ca...
by dratkinson
Sat Apr 19, 2014 7:29 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: Help me find a good slow cooker

America's Test Kitchen (TV show) reviewed slow cookers within the past year. Equipment ratings are supposed to be posted on their website.
by dratkinson
Fri Apr 18, 2014 1:24 am
 
Forum: Personal Consumer Issues
Topic: Help me find a good slow cooker
Replies: 23
Views: 1066

Re: Does Vanguard charge Rebalancing fees?

Exceptions to Vanguard's FTP are made for (1) USPS purchases and for (2) automatic transactions.

Or you could just rebalance with new money.
by dratkinson
Fri Apr 18, 2014 1:15 am
 
Forum: Investing - Theory, News & General
Topic: Does Vanguard charge Rebalancing fees?
Replies: 19
Views: 1214

Re: New to investing, looking for insights

A final though. Bogle, the founder of Vanguard, believed in CMH (costs matter hypotheses), that's why Vanguard is structured (client owned) to provide funds at the lowest possible cost. Though experiment: The credit for below belongs to another (unremembered) forum member. Question: Is a 1% manageme...
by dratkinson
Thu Apr 17, 2014 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: New to investing, looking for insights

OK, so, in basically the last 12 hours I have moved around several allocations of my money and have decided on the above. However, with posts and input about the TR, should I just invest in the 2040 / 2050 trust and leave my emotions out of it, or should I stay actively involved and allocate and re...
by dratkinson
Thu Apr 17, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: New homeowner: lawn care advice

Additionally, owning an electric blower is a good idea IMO. I was surprised at how often I used it -like for blowing leaves out of the gutters and also blowing out the garage once a week. I just scoop the gutter leaves out with my gloves. I use my shop vac to vac the garage floor once a month or so...
by dratkinson
Thu Apr 17, 2014 4:54 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 54
Views: 3517

Re: New to investing, looking for insights

Out of the funds available, I think I have a good idea about how I'm going to construct my portfolio. I will be putting away 6% ($7500) per year into the 401k. SWPPX - 60% REREX - 18% RWMFX - 10% SRBFX - 7% TRSAX - 5% I feel this gives me large exposure into equities with a good portion into the in...
by dratkinson
Thu Apr 17, 2014 3:03 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: TaxAct question

See if there is print option for "Print return for your record". Seem to recall that one year. It printed both the forms and worksheets for me. As I didn't want the worksheets, I had to print individual forms.
by dratkinson
Tue Apr 15, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct question
Replies: 5
Views: 385

Re: New homeowner: lawn care advice

+1 for gas mower and Toro electric leaf blower/vacuum. I use a Toto electric (corded) leaf blower for gutters. It makes a 30-minute stand-up walk-around job of this chore. I use a Snapper Convertible (mulch, discharge, bag) self-propelled gas mower for the lawn. Today's electric mowers are not as go...
by dratkinson
Tue Apr 15, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 54
Views: 3517

Re: New to investing, looking for insights

I'm a novice investor myself, so be cautioned. Your effort in describing your options is noted and appreciated. Target retirement funds. I noticed you didn't provide symbols for the Schwab target retirement funds. So went looking and found Schwab does not provide those funds with symbols. However, I...
by dratkinson
Tue Apr 15, 2014 4:21 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: A foolish investor?

How did you feel during 2008? If you had retired then? If the bear were still ongoing? It's happened before. If that prospect is unappealing, then now is the time to become more conservative. If wanting to be a little aggressive, then bonds = age - 10, is recommended. That would put you at ~30% bond...
by dratkinson
Sat Apr 12, 2014 3:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: A foolish investor?
Replies: 13
Views: 1546

Re: EE bonds?

Basically with an EE bond, hold for 20 years and you will average 3.53% per year. You can put up to 10k per year into them. A 30 year treasury is average 3.5% a year, so these EE bonds in comparison are probably a better deal. The only caveat with EE bonds is you need to hold them 20 years, otherwi...
by dratkinson
Sat Apr 12, 2014 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds?
Replies: 2
Views: 517

Re: Investor from Finland

Try here for EU investing advice: http://www.bogleheads.org/wiki/EU_investing

Best of success.

Welcome.
by dratkinson
Sat Apr 12, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investor from Finland
Replies: 49
Views: 968

Re: New to investing, looking for insights

The SWTSX index is not currently available in my 401k plan. My ideal allocation would be 70% stocks, 27% bonds and 3% cash. What products are available in your 401k plan? Please include your expense ratio for each as it may differ from that listed on the Schwab website. You've told us the Schwab to...
by dratkinson
Sat Apr 12, 2014 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: Corporate Bond in Tax-deferred vs Muni Bonds in Taxable

Believe this concept is called "shoot-for-the-moon" in our tax-advantaged space. It is briefly mention as one line in the Wiki. Don't remember where. (A quick search did not find it.)

I follow this optional road to Dublin.
by dratkinson
Fri Apr 11, 2014 6:20 pm
 
Forum: Investing - Theory, News & General
Topic: Corporate Bond in Tax-deferred vs Muni Bonds in Taxable
Replies: 8
Views: 761

Re: A story, and a feeling of financial under-accomplishment

I finished my BS/CS at age 32 after working multiple jobs full-time, going to school part-time, and being rejected for financial aid. The only time the financial aid office contacted me was after graduation and to ask for a donation to support their deserving students. (My joke: I had ten-year befor...
by dratkinson
Fri Apr 11, 2014 6:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 4152

Re: New to investing, looking for insights

So with the fact that I have about $2000 left over per month after all my expenses are paid, should I begin investing in the 401k (6% of my income = $7500) and begin the magic of compounding and get the company match, or keep saving for a rainy day and begin the 401k when I have a good amount saved...
by dratkinson
Fri Apr 11, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2640

Re: Alternative to a car

There are 3-4 wheeled bicycles (with cargo basket) with electric motors that are capable of going where bicycles go: sidewalks, across streets. Storage and recharging are issues.
by dratkinson
Thu Apr 10, 2014 9:17 pm
 
Forum: Personal Consumer Issues
Topic: Alternative to a car
Replies: 34
Views: 2182

Re: Paying a load fee for a lower expense ratio?

Hate the idea of your giving up the fed and long-term growth tax advantages of a traditional IRA just because of the NJ tax tail on the buy-in. Maybe instead of looks at the one-year tax-cost, look instead at the long-term growth sheltered. I realize you don't want a Roth IRA, but if I had to choose...
by dratkinson
Thu Apr 10, 2014 9:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paying a load fee for a lower expense ratio?
Replies: 6
Views: 741

Re: How to invest my "Emergency Fund"

I keep my EF in tax-exempt bonds and savings bonds. This makes it enough of a tax hassle that I'm never tempted to buy a new emergency fishing pole. If you are in the 25%+ tax bracket, TE bonds work much better than bank savings, mmkt, CDs. Example, assuming the 25% fed tax bracket, as of today, the...
by dratkinson
Thu Apr 10, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest my "Emergency Fund"
Replies: 20
Views: 1979

Re: Worth $1.6m but clueless on investments

If you have available tax-advantage accounts, please post them and their available options. Assuming your investing must be in a taxable account, then suggest a simple 3-fund portfolio based on the most tax-efficient funds. Total stock market index fund (VTSMX). Total international stock market inde...
by dratkinson
Thu Apr 10, 2014 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worth $1.6m but clueless on investments
Replies: 15
Views: 3441

Re: Getting over huge mistakes

I've made worse savings mistakes than you, and only learned how to correctly invest at age 55. But things are working much better since making the required changes, so your learning at 35 portents only good things for your future. Your plans sound reasonable, but don't go too far overboard with the ...
by dratkinson
Thu Apr 10, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3293

Re: Should VG's Tax-Exempt funds be adjusted for % in your s

Vanguard has a NY TE bond fund (VNYTX) and a TE mmkt fund (VYFXX). So I'm guessing NY has a high NY-composition hurdle before allowing any of a TE bond fund to be excluded. Will need to double-check NY tax instructions to confirm. On the other hand, you now know you can replace the national bond wit...
by dratkinson
Tue Apr 08, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should VG's Tax-Exempt funds be adjusted for % in your state
Replies: 4
Views: 224

Re: Military Member Needing Investing Advice

This Wiki article should cover the basics.
Military Finances: http://www.bogleheads.org/wiki/Military_finances

Read the linked topics/references, too.

Post specific questions after you come up to speed.



Welcome.
by dratkinson
Tue Apr 08, 2014 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Military Member Needing Investing Advice
Replies: 10
Views: 654

Re: Cost basis with stock splits and reinvested dividends

Thought of this later. (Yes, I have thought about this before.) A simple method of tracking shares sold, gain/loss, and shares remaining to sell. Do it on your spreadsheet. --Add "Shares sold" column to right of "Gain/Loss" column. --Add "Date sold" column to right of n...
by dratkinson
Tue Apr 08, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost basis with stock splits and reinvested dividends
Replies: 12
Views: 497

Re: Cost basis with stock splits and reinvested dividends

“…My grandfather paid $4,986.70.” Looks like your brother lost money on the transferred basis: $4,080.00 ($25.50, his basis/share). See historical prices here: http://finance.yahoo.com/q/hp?s=WMT&a=07&b=23&c=1990&d=07&e=23&f=1990&g=d Unless transferred basis can never go ...
by dratkinson
Tue Apr 08, 2014 5:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Cost basis with stock splits and reinvested dividends
Replies: 12
Views: 497

Re: Max out Roth or continue to build emergency funds?

Debts: $6000: student loans Assets: $15,000: Emergency Savings $3000: Roth, opened 2013 I am currently putting $750 every two weeks into savings account. Should I: Keep funding Emergency savings ($20,000 total would be 6 months worth), Use some of emergency savings to pay off student loan, or Use s...
by dratkinson
Sun Apr 06, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Max out Roth or continue to build emergency funds?
Replies: 4
Views: 509

Re: Lazy portfolios: no returns or risk information

Frans wrote:Let me know if you want me to email my write-up. ...


That would be a waste of your time as analysis of same falls under theory math and beyond me. I'm strictly a middle-of-the-road market investor with no intention of changing.
by dratkinson
Thu Apr 03, 2014 2:01 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Lazy portfolios: no returns or risk information

Frans wrote:...
I suggest you read my write-up so you can better understand how I came up with my model portfolios.


My old PC doesn't let me read newer web technology stuff: anything beyond FireFox v2, or IE v6.

Why track multiple portfolios if you've decided one is all you will every use?
by dratkinson
Thu Apr 03, 2014 1:23 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Charities selling or sharing our data?

Some 30 years ago, someone gave my name to a charity (without my agreement, btw). He mistakenly gave me a middle initial (I don't have a middle name). At first, only charities sent me mail with the middle initial. By now, I regularly get mail from all sorts of organizations, but I don't know what t...
by dratkinson
Wed Apr 02, 2014 2:16 pm
 
Forum: Personal Consumer Issues
Topic: Charities selling or sharing our data?
Replies: 15
Views: 727

Re: Maintenance $$'s spent over the lifetime on your Car

$550 is about one monthly car payment. One monthly car payment/year is less than 12. If everything else is working fine and you are still happy with it, then I'd keep it: it's cheaper. You will notice, since you've changed the timing belt and should not need another one until 200K, that every year u...
by dratkinson
Wed Apr 02, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maintenance $$'s spent over the lifetime on your Car
Replies: 38
Views: 2351

Re: Accident in a rental car on government credit card

Would think someone in gov travel office could easily answer this question and should have been part of traveler's briefing before departing. Not for current problem, but maybe a solution for later. USAA insurance use to offer a "military vehicle" rider (~$10/year) that covered us if we we...
by dratkinson
Wed Apr 02, 2014 1:53 pm
 
Forum: Personal Consumer Issues
Topic: Accident in a rental car on government credit card
Replies: 24
Views: 1312

Re: Lazy portfolios: no returns or risk information

...I've had ... skin in the investing game ... for over 30 years and my major source of income in retirement comes from investing. ... thanks to being invested in one of my own "theoretical" 38 model portfolios ... in 2008 ... my investments were down by a whopping 9.28% that year! And in...
by dratkinson
Wed Apr 02, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Lazy portfolios: no returns or risk information

The government requires the statement past performance is no guarantee of future returns! abuss368, I'm a private party and not bound by any such requirement. I believe the correct term is the Greek hybis : for heightened ability, or knowledge. It is appropriate for more-able investors to follow th...
by dratkinson
Tue Apr 01, 2014 9:50 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Lazy portfolios: no returns or risk information

... my opinion is that the longer the period the smaller the period-dependent error. ... The shorter the evaluation period, the larger the error.... Most of my model portfolios use small value stocks, just because they have been outperforming consistently over the long run. ... So far, my portfolio...
by dratkinson
Tue Apr 01, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Benefit of past fund returns?

<multiple drafts> The short answers. Efficient Frontier. The Noble-recognized, BH-recommended investing literature suggests the efficient frontier lies near 70-60/30-40 (US/foreign), is time dependent (it varies over time), and can't be calculated until after the fact. This means data from the dista...
by dratkinson
Mon Mar 31, 2014 7:04 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Lazy portfolios: no returns or risk information

Interesting that folks say they do not base their portfolios on the past and yet seem to continuously study and discuss the past in context with their investments. That seems more than just a little contradictory to me. For the academicians, there are probably several good outcomes from studying pa...
by dratkinson
Sat Mar 29, 2014 6:03 am
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Lazy portfolios: no returns or risk information

dratkinson, Agree with all you said, but... Isn't there always a but? Where can I find the various market indexes' historic returns? I mean for long, long periods of time, say 1926 to present. ... The history of research into market prices was detailed in one of the BH-recommended advanced books on...
by dratkinson
Fri Mar 28, 2014 9:36 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: Lazy portfolios: no returns or risk information

Lazy portfolios are based on market indexes. So: --Return of lazy portfolio = market return. --Risk of lazy portfolio = market risk. We choose our personal risk/return exposure based on our asset allocation. More stocks = more risk/return. Less stocks = less risk/return. The different lazy portfolio...
by dratkinson
Fri Mar 28, 2014 3:55 pm
 
Forum: Investing - Theory, News & General
Topic: Lazy portfolios: no returns or risk information
Replies: 132
Views: 6591

Re: (Lack of) Emergency Fund - Are We Crazy?

Under the "many road to Dublin" concept, your idea is okay. But I don't like the idea of thinking of any tax-advantaged account as an emergency fund. Yes, you can take the money out, but you can not refill the account afterwards. I believe an emergency fund should be refillable. Therefore ...
by dratkinson
Fri Mar 28, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Lack of) Emergency Fund - Are We Crazy?
Replies: 44
Views: 3458

Re: Anyone overbalance like the Finance Buff?

Actually, it is kind of like the opposite of a momentum play. It is probably more akin to a fade: http://www.investopedia.com/terms/f/fade.asp Was going to say "potato-tomahto", but looked more closely and see the difference. I concede your point. http://www.investopedia.com/terms/m/momen...
by dratkinson
Thu Mar 27, 2014 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone overbalance like the Finance Buff?
Replies: 33
Views: 2445

Re: Anyone overbalance like the Finance Buff?

I believe this is called a momentum play. I thought about this idea a few years back when a topic by one of the senior investors got me to thinking about momentum, and that it would be a good idea to over-buying whatever is cheap. I just have not had enough time to put this idea into practice throug...
by dratkinson
Thu Mar 27, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone overbalance like the Finance Buff?
Replies: 33
Views: 2445

Re: Municipal Bond Fund Risks

From the recommended books, the spectrum of bond risk is, from least risk to most risk: Treasury, national municipal, single-state/high-yield municipal, corporate, high-yield corporate. Risk is relative. Investment grade corporate bonds are a recommended investment. Municipal bonds are reported to b...
by dratkinson
Thu Mar 27, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Municipal Bond Fund Risks
Replies: 7
Views: 646

Re: Email/username info ......could not be found!

Always being signed in at BH forum is nice, but the downside is I recently forgot my password when I needed it. Had some trouble getting BH system to reset my password. It didn't initially work because I spelled my email account wrong. Worked after I corrected spelling. Can only suggest you try agai...
by dratkinson
Wed Mar 26, 2014 7:02 pm
 
Forum: Forum Issues and Administration
Topic: Email/username info ......could not be found!
Replies: 3
Views: 275

Re: BBQ Road Trip

While living in Maryland, I remember enjoying eating at "Red Hot and Blues". According to their website, they have a location in Raleigh, NC.
by dratkinson
Wed Mar 26, 2014 6:40 pm
 
Forum: Personal Consumer Issues
Topic: BBQ Road Trip
Replies: 50
Views: 2931

Books: recommendations and reviews. Thau?

Has the recommendation for The Bond Book , by Thau been replaced by The Bond Bible , by Cohen? Is it suggested that we no longer recommend the Thau book to those interested in learning more about bonds? I ask because at one time I though the Wiki recommended the Thau and Swedroe bond books, but I no...
by dratkinson
Tue Mar 25, 2014 6:53 pm
 
Forum: Forum Issues and Administration
Topic: Books: recommendations and reviews. Thau?
Replies: 0
Views: 149

Re: foreign sales people calling 5 times daily

I'd gotten a few Indian tech support call that I was too busy to take before getting one I was ready to play with. I kept him on the line for ~30 minutes while he tried to help me. Without volunteering any information, I helpfully fumbled around while he tried, without success, to get access to my o...
by dratkinson
Tue Mar 25, 2014 5:30 pm
 
Forum: Personal Consumer Issues
Topic: foreign sales people calling 5 times daily
Replies: 41
Views: 2607

Re: Aargh, investing!!

I, for example, do not have a compelling need for 3-ish percent in 20 years, so ee bonds are off the table, but inflation protection that can double as an emergency fund does have a place, so I do buy I bonds. Were they to double the return of ee bonds, I would reevaluate. You know much more than I...
by dratkinson
Mon Mar 24, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6145
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