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Re: 18 and Need Help Starting

Kudos to teacher. He's using your class time to force you to think about things most people don't get around to until their late 40s-50s, when it is almost too late. Retiring as a millionaire by 65 has been done by many on a modest income. Read The Millionaire Next Door for details. Live frugally. S...
by dratkinson
Sun Aug 31, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting
Replies: 19
Views: 1233

Re: bonds in taxable. which fund?

Suggest reading the recommended bond books by Swedroe and Thau. Thumbnail overview. IT. Intermediate term is the textbook-recommended sweet spot for price stability (interest rate risk) and dividends. A quarter of my TE bonds are here. I consider them a 3rd-tier emergency fund. LT. But I don't worry...
by dratkinson
Sun Aug 31, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: bonds in taxable. which fund?
Replies: 6
Views: 506

Re: should I buy a 5 yr annuity to get me to 70

You need 600/mo and have ~5 years to get to age 70. So you need: 600 x 12 x 5 = ~$36K. You've got $225K. Don't really see a problem. If you go the annuity route, your cost is sunk/nonrecoverable and your benefits are fixed. If you go the self-insured route, your expenses may be less than expected, s...
by dratkinson
Sat Aug 30, 2014 4:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: should I buy a 5 yr annuity to get me to 70
Replies: 8
Views: 693

Re: Ideas for thanking a doctor

Once gave a doctor a thank you card attached to something like this: http://1.bp.blogspot.com/-fMqIUFv8V4g/T3CgvvCW5PI/AAAAAAAABW0/zRTh5Wo7Abc/s400/Glass+Apple+Wallpapers+3.jpg At the time (~2000), local PBS station was featuring a glass artist. Liked his work and ordered from his studio.
by dratkinson
Sat Aug 30, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 56
Views: 2433

Re: Index Stategy Question

... As far as I can tell Wilshire only covers US markets, what I am looking for includes various international indexes such as the DAX and FTSE. ... Wist of stock market indexes: http://en.wikipedia.org/wiki/List_of_stock_market_indices See "Global" indexes at top of above listing. Above ...
by dratkinson
Fri Aug 29, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Index Stategy Question
Replies: 10
Views: 632

Re: Index Stategy Question

What did your finance professor recommend as sources? He mentioned "any means at your immediate disposal, the library, the internet.." Its a general research project, nothing specific. This 'W' index/strategy is something I have come across before that I wanted to write this paper on, I j...
by dratkinson
Fri Aug 29, 2014 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Index Stategy Question
Replies: 10
Views: 632

Re: Index Stategy Question

I would have suggested the Wilshire indexes, but they're no secret to the public. +1 My guess as well. Wilshire indexes: http://www.wilshire.com/indexes/ http://en.wikipedia.org/wiki/Wilshire_5000 http://www.investopedia.com/terms/w/wilshire5000equityindex.asp Vanguard's US total stock market index...
by dratkinson
Fri Aug 29, 2014 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Index Stategy Question
Replies: 10
Views: 632

Re: Gas station etiquette

Have seen it happen often. Driver B could have ignored the open pump because gas filler door was on the wrong side: valid reason, and explains why driver B favored one pump side over the other. So you were correct to proceed and make use of the open pump. It speeds up the line: all the drivers behin...
by dratkinson
Thu Aug 28, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: Gas station etiquette
Replies: 46
Views: 2822

Re: Study: poor 5-yr U.S. returns -- overweight foreign?

I don't know if anyone has looked at this, but I decided to see what would have happened if an investor had switched his equity allocation annually between TSM and TI based on which had the highest returns the previous year. In other words, if TSM outperformed TI, he would invest 100% in TSM the fo...
by dratkinson
Thu Aug 28, 2014 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: Study: poor 5-yr U.S. returns -- overweight foreign?
Replies: 47
Views: 3164

Re: Study: poor 5-yr U.S. returns -- overweight foreign?

"Study: poor 5-yr U.S returns -- overweight foreign?" Had to search my offline notes. I know nothing and can prove it, but William Bernstein says .... From: "Momentum" -- http://www.efficientfrontier.com/ef/199/momentum.htm Under subtopic: "An Unfair Advantage", 3rd par...
by dratkinson
Wed Aug 27, 2014 7:42 pm
 
Forum: Investing - Theory, News & General
Topic: Study: poor 5-yr U.S. returns -- overweight foreign?
Replies: 47
Views: 3164

Re: Fun way to teach teenagers about stocks and investing

... The unexpected outcome is that after 14 years, the $1000 turned into $235.90. The other day I asked him, “What lesson did you learn from all this, if any?” He replied: “Investing in individual companies is high risk.” Well, that’s a good lesson to learn. ... "Investing hurts less using oth...
by dratkinson
Wed Aug 27, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: Fun way to teach teenagers about stocks and investing
Replies: 16
Views: 1264

Re: I/EE Bonds as tax advantaged space expansion

I have maxed out my Roth for this year. And I will max out my Roth in February, maybe March, of next year. Is that what you meant? Yes. If you will max out your tax-advantaged space (401k/IRA/...) every year, then your second scenario does not apply. After maxing out your TA space for the year and ...
by dratkinson
Tue Aug 26, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: I/EE Bonds as tax advantaged space expansion
Replies: 10
Views: 804

Re: I/EE Bonds as tax advantaged space expansion

I don't plan on buying any I or EE bonds until the month after I turn 24, to try to qualify for the tax free education benefit of I/EE bonds in case I have children in the future, but... Let me just make sure I understand this correctly. If I have maxed out my tax advantaged space with Vanguard tot...
by dratkinson
Tue Aug 26, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: I/EE Bonds as tax advantaged space expansion
Replies: 10
Views: 804

Re: Do vanguard funds compound monthly?

What about the VFFVX Vanguard Target Retirement 2055 Fund Investor Shares? I have both dividends and capital gains set to 'reinvest'. Is this a good fund to invest at age 22? If so, when should I start branching out and investing in other vanguard funds? Thanks. The purpose of a target retirement f...
by dratkinson
Tue Aug 26, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do vanguard funds compound monthly?
Replies: 11
Views: 1244

Re: Renewing a lease of a(n electric) car with a 'fixed pric

You seem to like your current car, so could you not just renew the lease for 3 years? Just exchange paperwork by mail, never visit the dealership. Would think the new lease on your used vehicle should be less than you now pay and also less than on a new vehicle, plus no new "money down".
by dratkinson
Sun Aug 24, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Renewing a lease of a(n electric) car with a 'fixed price'
Replies: 8
Views: 698

Re: Best nose hair trimmer (is this okay to ask?)

Haven't seen this suggestion yet.

Warmed body wax... on the end of a popsicle stick... wait for it to harden... then one quick yank. Okay, two quick yanks.



I was joking, but after my laugh, found a search of "body wax nose hair" returned some interesting hits.
by dratkinson
Sun Aug 24, 2014 2:01 pm
 
Forum: Personal Consumer Issues
Topic: Best nose hair trimmer (is this okay to ask?)
Replies: 36
Views: 2647

Re: Stopping Junk mail from USPS

... with the caveat of political organizations, where more effort is required. One of my neighbors is an unregistered political independent... so on no lists and claims to get no political mail. Also claims to get no political phone solicitations/opinion surveys. It's a thought. May try it the next...
by dratkinson
Sun Aug 24, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1880

Re: Rain Jacket Recommendations

I love these (might be hard to get in the US) - have sat watching motor racing in absolute hurican conditions and they work great.... Breathable but not really for action sports. http://store.drizabone.com.au/riding-coat-black I've got something similar, it's called a drovers coat or duster. They w...
by dratkinson
Sat Aug 23, 2014 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1723

Re: Rain Jacket Recommendations

Was searching for same recently and found this website informative. It recommended the GoLite Poncho/Tarp as the best of the worst.

The Search for the Holy Grail: Waterproof Breathable Rain Gear:
http://popupbackpacker.com/the-search-f ... rain-gear/
by dratkinson
Fri Aug 22, 2014 6:59 pm
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1723

Re: Stopping Junk mail from USPS

Try: http://www.directmail.com/directory/mail_preference/Default.aspx Try searching for Direct Mail Opt Out for other options. After above Val-Pac (blue envelop of coupons) kept coming. Found their online address and emailed them to stop. They did. Nasty letter to newspaper required to stop them: th...
by dratkinson
Fri Aug 22, 2014 6:39 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1880

Re: Buying a home with aluminum wiring?

Thought I bought a home with 100% copper wiring. Was wrong. There was aluminum wiring between meter and first panel. Home had intermittent electrical fault: electronic displays in half the house would sometimes start flashing, as if power had been lost. Eventually added whole-house external generato...
by dratkinson
Fri Aug 22, 2014 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 4573

Re: High Yield Bonds - Uncorrelated to Stocks and Bonds?

I have never really got on board with high yield bonds. That said an investor has to invest in what works for them and allows them to sleep well at night. ... Understood. That is why I am contrarian and an outlier on this site regarding HY. ... See "High Yield Bonds" in Wiki: http://www.b...
by dratkinson
Fri Aug 22, 2014 5:36 pm
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds - Uncorrelated to Stocks and Bonds?
Replies: 73
Views: 4749

Re: High Yield Bonds - Uncorrelated to Stocks and Bonds?

Remembered this from a few years back. "How to Make Your Own High-Yield Corporate Bond Fund" http://www.multifactorworld.com/Lists/Posts/Post.aspx?ID=125 ...an allocation of 37 percent to VFINX and 63 percent to VFITX has most closely tracked the performance of the high yield fund. ... [bu...
by dratkinson
Thu Aug 21, 2014 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds - Uncorrelated to Stocks and Bonds?
Replies: 73
Views: 4749

Re: About to Order my first Mini Cooper S

British racing green didn't make the cut?
by dratkinson
Tue Aug 19, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1209

Re: Bogleheads Featured in Money Article

The article's author got one point slightly wrong. This... .... If rates rise, after one year you can redeem the I Bond; you’ll lose three months of interest, but you can then buy a higher-yielding bond... ...makes it sound like exchanges are allowed, like rolling over a bank CD with 3-month's inter...
by dratkinson
Tue Aug 19, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads Featured in Money Article
Replies: 21
Views: 3035

Re: Should I Invest in both T-IRA & R-IRA?

In the military, base pay (salary) is taxed, but some allowances (addition pay categories: allowance for housing, allowance for subsistence/food, combat pay,...) are not taxed. OP needs to ensure he is only working with his taxable pay, not the total that is reported on his monthly LES (leave and ea...
by dratkinson
Sat Aug 16, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1290

Re: Should I Invest in both T-IRA & R-IRA?

It is likely I will have a military pension as well as SS. Because a good % of my military pay isn't taxed, we could get very close to the current 15% bracket if I went all Traditional TSP ($17,500). I know it is impossible to look into my crystal ball and wonder know what my bracket will be in ret...
by dratkinson
Fri Aug 15, 2014 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1290

Re: Should I Invest in both T-IRA & R-IRA?

I preferred the Roth route in the 25% tax bracket. Why?... I understand the RMD part, and it is a valid reason, but I think you are plain wrong on the first part in which you said you preferred Roth "Because the tIRA will save you one year of taxes, but will cost you taxes on multiples years o...
by dratkinson
Fri Aug 15, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1290

Re: Should I Invest in both T-IRA & R-IRA?

I preferred the Roth route in the 25% tax bracket. Why? Because the tIRA will save you one year of taxes, but will cost you taxes on multiples years of growth at ordinary income tax rates. Plus you will be subject to RMDs. (A tIRA converts QDI/LTCG to ordinary income upon withdrawal.) Because the rI...
by dratkinson
Fri Aug 15, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1290

Re: I don't have enough cash for index funds

If you already have a Roth IRA (rollover) at Fidelity containing your preferred funds, why not just add your $300 to that? Why open a new Roth IRA and worry again about fund minimums when you've already met the minimums in your rollover? Full disclosure. I long ago consolidated my multiple rIRAs and...
by dratkinson
Fri Aug 15, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: I don't have enough cash for index funds
Replies: 42
Views: 3763

Re: Should I make my entire tax-deferred portfolio bonds?

... At this point, the best approach for you is probably to use a Target Retirement fund or a LifeStrategy fund in a Roth IRA at Vanguard. ... +1 From a combination of sources, it is recommended that everyone just starting to invest should be 25-30% bonds until we've weathered our first market cras...
by dratkinson
Thu Aug 14, 2014 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I make my entire tax-deferred portfolio bonds?
Replies: 8
Views: 1135

Re: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.

^^^ Can't download online s/w, but can use as is: online. Should be free to do so (look at online) as long as you don't print. 2014 s/w will not be ready until probably Dec, so use 2013 version instead to give you a guesstimate of your tax situation. Review Safe Harbor rules if you are expecting ser...
by dratkinson
Tue Aug 12, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.
Replies: 6
Views: 717

2014 TaxACT online (fed+state), $13.99 'til Aug 31.

From email offer. Pre-Register now. Pay when you print your draft return next April. New user: sign up to create account. Existing user: enter account information (email address + TaxACT password). Email sent confirming your $13.99 price. https://www.taxactonline.com/s_online_tax2013/introduction/pr...
by dratkinson
Tue Aug 12, 2014 8:11 pm
 
Forum: Personal Consumer Issues
Topic: 2014 TaxACT online (fed+state), $13.99 'til Aug 31.
Replies: 6
Views: 717

Re: I...I don't even know where to begin.

Oh, in case you know less then zero about personal finance, not just investing, suggest you first read The Only Investment Guide You'll Every Need by Andrew Tobias, before you read the BH guide. Might as well get the foundational basics of personal finance covered first before you start investing.
by dratkinson
Tue Aug 12, 2014 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 2990

Re: Can the reverse of market timing work?

I asked the same question a few years back.

And as was explained to me, the reverse of market timing is buy and hold.

And yes it does work better.
by dratkinson
Mon Aug 11, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Can the reverse of market timing work?
Replies: 18
Views: 2083

Re: Manual vs Automatic Dollar Cost Averaging

Mike Scott wrote:I prefer automatic and the interval is monthly because that is how I get paid. I can do a manual transfer if I happened to find a "pot of gold" to add to it.


+1

Plus, if you manually track your investing account entries (Excel,...), then fewer monthly lots are simpler to enter/track.
by dratkinson
Mon Aug 11, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Manual vs Automatic Dollar Cost Averaging
Replies: 5
Views: 676

Re: Where to buy little plastic bottles?

Nalgene makes a travel set that you can buy on amazon.com. 8 bottles in the set of various sizes and shapes. They're sturdier than most bottles this size, and in many years of travel use, I've never had one leak. I'm always having trouble with water-like liquids leaking out due to pressure changes ...
by dratkinson
Mon Aug 11, 2014 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Where to buy little plastic bottles?
Replies: 24
Views: 1620

Re: I...I don't even know where to begin.

(Edit) Read The Boglehead's Guide to Investing . Get it from your local library. It will give you a structured walk-through of the central investing process: account types and funds appropriate for each, so you own the market and control your risk exposure. You will find many differing opinions on i...
by dratkinson
Mon Aug 11, 2014 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 2990

Re: Portfolio Advice with only TSP and IRAs

Even in the 15% fed tax bracket, a 3-fund portfolio, substituting for Total Bond Market Index fund, intermediate-term tax-exempt (VWITX/VWIUX) or long-term tax-exempt (VWLTX/VWLUX) municipal bonds currently provides a better after-tax yield. However, it comes with more risk; Total Bond Market Index...
by dratkinson
Sat Aug 09, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice with only TSP and IRAs
Replies: 12
Views: 1140

Re: Start all over at 63 years of age?

zed wrote:...
A sound approach. But please explain your rationale for DCA by Nov 2016


Just a hopeful WAG targeted to about 2 years hence.

See Ferri's article for more action steps/rationale.
4 Rules for Investing a Lump Sum: http://www.rickferri.com/blog/investmen ... -lump-sum/
by dratkinson
Sat Aug 09, 2014 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4142

Re: Who or what inspired you and your investing approach?

Omitting the many failed attempts of the dark past.... I stumbled across an article by Paul Farrell (MarketWatch) tracking the multi-year success of lazy portfolios and thought, "It can't be that simple!" Found William Sharpe's "Arithmetic of Active Management"... and became a be...
by dratkinson
Sat Aug 09, 2014 4:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4310

Re: Portfolio Advice with only TSP and IRAs

See " Purchasing with your IRS tax refund ", about half-way down: I (series) savings bonds: http://www.bogleheads.org/wiki/I_savings_bonds The form 4868 method is easy and works well whether you file early, on time, or late. In this case, it's just a vehicle to get your bond-refund *money ...
by dratkinson
Fri Aug 08, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice with only TSP and IRAs
Replies: 12
Views: 1140

Re: Start all over at 63 years of age?

From my memory of the readings: Stocks can lose 50-90% of their value during a crash. Bonds can lose 10-15% of their value during a crash. Simple action step. If our portfolio is structured so we can tolerate a stock crash, then our bonds should worry us less. (Does assume crashes are not coincident.)
by dratkinson
Fri Aug 08, 2014 5:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4142

Re: Accepting PM overwrites draft forum reply

Two solutions. Good enough.
by dratkinson
Fri Aug 08, 2014 4:47 pm
 
Forum: Forum Issues and Administration
Topic: Accepting PM overwrites draft forum reply
Replies: 4
Views: 375

Accepting PM overwrites draft forum reply

Problem noted: accepting PM overwrites draft forum reply. Was working on forum reply when I received a "You have a PM" popup. When I accepted the PM, it opened in my forum-reply tab and overwrote it. Could forum s/w be changed to default opening an accepted PM into a new tab? Do we have th...
by dratkinson
Thu Aug 07, 2014 6:23 pm
 
Forum: Forum Issues and Administration
Topic: Accepting PM overwrites draft forum reply
Replies: 4
Views: 375

Re: Portfolio Advice with only TSP and IRAs

... I've read several wikis and whitecoats investor has a good and short explanation about taxable accounts. In my case should I open a taxable account now, and not reinvest dividends and capital gains to fund next years tax advantaged accounts? Thanks! This sounds like a short-term savings goal. F...
by dratkinson
Thu Aug 07, 2014 12:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice with only TSP and IRAs
Replies: 12
Views: 1140

Re: Start all over at 63 years of age?

Bogleheads Investment Philosophy: http://www.bogleheads.org/wiki/Bogleheads_Investment_Philosophy Cash. Think I'd be tempted to keep as cash (initially) 7 years of living expenses (63-70) and plan to take SS at 70. And for every year I was still employed, convert that year's cash to investment. Bond...
by dratkinson
Wed Aug 06, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start all over at 63 years of age?
Replies: 23
Views: 4142

Re: Help with my portforlio

Our emotions can sabotage our investing success: they drove you in/out of the market. So you should be aware of the behavioral aspects of investing. The Wiki gives a skeletal overview of the topic here: Behavioral pitfalls: http://www.bogleheads.org/wiki/Behavioral_pitfalls But to better understand ...
by dratkinson
Tue Aug 05, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my portforlio
Replies: 5
Views: 790

Re: Investing for those in the 15% tax bracket

Clarifying point. (Didn't see it here.) In a long-forgotten topic, a poster pointed out that tax-deferred accounts convert QDI and LTCG to ordinary income upon withdrawal, a Roth does not. And ordinary income is taxed in the 15% MTB. So in the 15% MTB, it would be preferable to use a taxable or Roth...
by dratkinson
Mon Aug 04, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Investing for those in the 15% tax bracket
Replies: 38
Views: 2773

Re: Riding Mower Help Needed

I prefer mulching to bagging, and I have a small lawn and fewer trees since several cut down. But back when I had a bigger fall leaf problem, I quickly learned bagging requires doing something with bagged leaves. What? More work... that's what. Realized by installing mulching plate and running over ...
by dratkinson
Sun Aug 03, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Riding Mower Help Needed
Replies: 44
Views: 2305
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