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Re: Why a million may not be enough

The math is simple for me; $1 million portfolio, no mortgage. I'll be just fine. :happy
by meowcat
Thu Apr 24, 2014 7:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Why a million may not be enough
Replies: 33
Views: 4822

Re: Warren Buffett

Take a look at BAM, LUK and DHR. These 3 investment conglomerates have absolutely dominated over the past 20-30 years. It can be done and it's not just luck. These companies don't get any publicity like Warren Buffett which is good. Good luck with those three. If you can weather the storm of massiv...
by meowcat
Tue Apr 22, 2014 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2445

Re: Warren Buffett

Lots of investors "think" they can beat the S&P, and some do, occasionally. There's a number one fund manager every year but you'll never see him, even in the top 10, the next year. Sure, there are good (lucky) managers (stock pickers) out there but they all fall from grace eventually....
by meowcat
Tue Apr 22, 2014 7:28 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2445

Re: Hedge fund fees

No. The index has nothing to do with it. You're not paying them to beat the index, you're paying them to make you money, whether they beat the index or not.
by meowcat
Mon Apr 21, 2014 7:55 am
 
Forum: Investing - Theory, News & General
Topic: Hedge fund fees
Replies: 12
Views: 947

Re: Improvement needed

In a situation like this, I always offer to manage the portfolio of the advisor. I'd put them all in low-expense ratio index funds. They will be my friend forever after that. If this adviser has any experience whatsoever, more than likely, he's already invested in low cost index funds, as most expe...
by meowcat
Mon Apr 14, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Improvement needed
Replies: 42
Views: 1824

Re: How Are Catch Up Contributions Made?

Thanks for the input. I will contact my plan administrator today to see how our plan administers catch up contributions.
by meowcat
Mon Apr 14, 2014 6:33 am
 
Forum: Investing - Help with Personal Investments
Topic: How Are Catch Up Contributions Made?
Replies: 15
Views: 1391

How Are Catch Up Contributions Made?

I turned 50 last year. This year I will be able to make catch up contributions to my 401(k). Do I simply calculate $23k as a percentage of my income and use that percentage throughout the year, or is my limit $17,500 and at the end of the year I can make the catch up contribution? The IRS rules are ...
by meowcat
Sun Apr 13, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: How Are Catch Up Contributions Made?
Replies: 15
Views: 1391

Re: Favorite Investing Book?

"The Millionaire Next Door"
by meowcat
Wed Apr 09, 2014 7:09 am
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 42
Views: 3291

Re: advisor advice?

Only you can answer for yourself if the "personable advice and constant attention" of your Edward Jones advisor is worth the fees (and possibly front-end loads) you pay him. Has your advisor taken you out on his yacht lately? :P :D :D Guess who paid for that yacht? Wait a minute, where ar...
by meowcat
Wed Apr 09, 2014 6:50 am
 
Forum: Investing - Help with Personal Investments
Topic: advisor advice?
Replies: 25
Views: 1557

Re: Which parts of the financial industry are improving?

Not improving. Full disclosure of fees. Okay, maybe it's better than it was but when I say "full disclosure" I mean "FULL DISCLOSURE". I'm not just talking about the DOL ruling about administrative costs, I'm talking about every single penny deducted from my plan shown to me in ...
by meowcat
Tue Apr 08, 2014 7:07 am
 
Forum: Investing - Theory, News & General
Topic: Which parts of the financial industry are improving?
Replies: 10
Views: 827

Re: Which parts of the financial industry are improving?

Not improving. Full disclosure of fees. Okay, maybe it's better than it was but when I say "full disclosure" I mean "FULL DISCLOSURE". I'm not just talking about the DOL ruling about administrative costs, I'm talking about every single penny deducted from my plan shown to me in ...
by meowcat
Sat Apr 05, 2014 9:53 am
 
Forum: Investing - Theory, News & General
Topic: Which parts of the financial industry are improving?
Replies: 10
Views: 827

Re: Mr. Money Mustache: Hero or Foolish?

How much does he make from his blog? Is he transparent about that? It doesn't really matter how much he makes off his blog. If he's not spending it, and living off the $25k he says he is, he's just adding it to his nest egg. I think there are a lot of people that aspire to be (almost) as frugal as ...
by meowcat
Wed Apr 02, 2014 7:51 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 253
Views: 28288

Re: [New 8th Circuit Ruling Striking Down High 401K Fees]

This has become laughable! First, ALL plans, every single one of them, have "reasonable" fees. Don't believe it? Just ask them. Does anybody know of, or has anybody heard of any plan in existence that doesn't bill themselves as having reasonable fees? Of course not. If you're in a plan tha...
by meowcat
Tue Apr 01, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: [New 8th Circuit Ruling Striking Down High 401K Fees]
Replies: 44
Views: 2493

Re: IRS letter claiming return is late - anyone experience t

Your tax return doesn't need to be received at the IRS by Apr. 15th, it needs to be postmarked by the 15th. I don't know about other states but where I live, there are a select few post offices that stay open until midnight, Apr. 15th so that tax payers can get that April 15th postmark.
by meowcat
Fri Mar 28, 2014 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 34
Views: 3445

IRA Earned Income Contribution.

I have a quick question regarding traditional IRA's and earned income. Obviously, one must have "qualifying earned income" to contribute to an IRA. Is there any rule that states your IRA contribution must come *from* that earned income? In other words, as long as I have qualifying earned i...
by meowcat
Wed Mar 26, 2014 8:06 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA Earned Income Contribution.
Replies: 1
Views: 120

Re: Tipping should be based on time not amount

I wish we had a better system but I do tip wait staff well due to awareness of their low base. In an inexpensive restaurant, I will tip even much higher because I don't think they should be penalized for the fact that the food is value priced. My Wife and I are big tippers, also, especially in plac...
by meowcat
Tue Mar 18, 2014 12:39 pm
 
Forum: Personal Consumer Issues
Topic: Tipping should be based on time not amount
Replies: 33
Views: 1964

Re: Green Bogleheads discussing Target Stock

haloony wrote:Hey All,
“I’m wondering if it would it make sense as an investor, to buy target stock now while its low and wait for all this to blow over, because eventually it will go back up and the key to stocks is buy low sell high-

Are you sure you/your Wife read the book? Did you learn nothing?
by meowcat
Fri Mar 14, 2014 8:17 am
 
Forum: Investing - Theory, News & General
Topic: Green Bogleheads discussing Target Stock
Replies: 36
Views: 2448

Re: The tell tale chart

In a hundred years, there has never been anybody that's been consistently successful at predicting where the market was going based on looking at patterns in a stock chart, at least not in the short term. NEVER.
by meowcat
Thu Mar 13, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: The tell tale chart
Replies: 9
Views: 1751

Re: USAA insurance vs Geico

Hi Bogleheads, I have seen several posts about USAA insurance and the subscriber account. I recently noticed an increase in my auto premiums by about $200/yr. I also have life and home and umbrella through them. No new events in mine or wife's driving history and no new cars. Geico has similar cove...
by meowcat
Tue Mar 04, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: USAA insurance vs Geico
Replies: 9
Views: 903

Re: Meeting with a financial adviser

Thanks everyone, great feedback. Running the numbers really hit me.. 0.5% on 40k over 20 years adds up to fees of something like $600 annualized. Yeah that ain't worth it. You seem to be missing the most important part of your calculations, and that is your own personal compounding. You don't expec...
by meowcat
Tue Feb 25, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with a financial adviser
Replies: 45
Views: 4503

How to convince family & friends to use Boglehead Method?

I agree with everyone here. You can't convince anyone to invest the way you do. If, however, you want to give it your best shot, just tell them "this is how *I* invest" and tell them why. If they have questions, fine, if not, let it go.
by meowcat
Sat Feb 22, 2014 8:36 pm
 
Forum: Investing - Theory, News & General
Topic: How to convince family & friends to use Boglehead Method?
Replies: 61
Views: 4214

Re: Wow! Jim Cramer hates passive index investing

Does anyone feel that perhaps he's just like any other analyst out there? He pushes what he pushes to create an entertaining show but behind closed doors, he indexes?
by meowcat
Wed Feb 12, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: Wow! Jim Cramer hates passive index investing
Replies: 52
Views: 5630

Re: 100% Stocks?

"Don't peek" and volatility will never bother anybody.
by meowcat
Sat Feb 08, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: 100% Stocks?
Replies: 32
Views: 2105

Re: Frequent Fund SWITCHING

Frequently switching in and out of funds with a broker will do nothing but line his pockets with your cash. He grows richer while you grow poorer.
by meowcat
Fri Feb 07, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Frequent Fund Switching
Replies: 26
Views: 1889

Re: Going all into Emerging Markets

How are you going to handle it..........sorry :? ........how is your "friend" going to handle it when sometime in the future EM are down in the dumps with no end in sight, meanwhile, US stocks are soaring? Would you...........sorry :? ............would your "friend" be able to ho...
by meowcat
Fri Feb 07, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Going all into Emerging Markets
Replies: 63
Views: 5826

Re: Not happy with market

InvestorNewb wrote: LOL. To be fair I've actually been staying pretty cool, despite being down a fairly large chunk in the last week or so. I'm still staying true to my original plan, which is to never sell any shares until near retirement. :beer

Are you feeling a bit better today?
by meowcat
Thu Jan 30, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Not happy with market
Replies: 148
Views: 13088

Re: Tutorial for Smartphone?

Technically challenged and just got a smartphone, can't find any real tutorials on the internet without a lot of signing up, etc. Does anyone have one that they use? It is a Samsung Galaxy S4. Also, any particular apps of interest? Don't know who your carrier is but here's one from Sprint. http://s...
by meowcat
Wed Jan 29, 2014 7:46 am
 
Forum: Personal Consumer Issues
Topic: Tutorial for Smartphone?
Replies: 5
Views: 591

Re: My annualized returns are better than yours. Why?

leonard wrote:Okay. I'll say it. TROLL.

Personally, I don't think so. in his first sentence he states "I come with a posture of learning". Further, he posted his portfolio for all of us to see. I think we scared him off. Sad. I sincerely hope he comes back.
by meowcat
Tue Jan 28, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: My annualized returns are WORSE than yours. Why?
Replies: 87
Views: 6358

Re: What's your one big takeaway from the Crash of 2008?

My one big takeaway is that I proved to myself that I am a disciplined investor. I stayed the course and did not waver once. That's pretty impressive when you consider that my portfolio was, and still is 100% equity. It's even more impressive that I am now 50. I just kept buying in on DCA and just k...
by meowcat
Thu Jan 23, 2014 9:33 am
 
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 300
Views: 42795

Re: 17.6 year stock market cycle

Investors have been trying to capitalize on market patterns for decades. Short term, long term, and everything in between. What have their results been? It's very simple, really, it doesn't work. Never has, never will. Show me one investor that's beaten the market using this "17.6 year" st...
by meowcat
Thu Jan 16, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: 17.6 year stock market cycle
Replies: 38
Views: 2593

Re: How do you "Stay the Course"?

"Don't peek"!
by meowcat
Wed Jan 15, 2014 8:15 am
 
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 52
Views: 3266

Re: The Funniest Movie Ever

Meet the Parents/Fockers. Ben Stiller is one of the funniest comedians of out time.
by meowcat
Mon Jan 06, 2014 1:31 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 201
Views: 10638

Re: New 401k provider – thinking this might not be a good ch

I thought that providers were supposed to disclose all fees in the expense ratio, but maybe that's not really the case.... It's not the case. All fees beyond the expense ratio will be on the statement. I think it's going to be a good change. Don't feel bad. The DOL regulation still very much favors...
by meowcat
Fri Jan 03, 2014 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: New 401k provider – thinking this might not be a good change
Replies: 30
Views: 2064

Re: What was your 2013 return?

32.4%. 100% equities.
by meowcat
Thu Jan 02, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 8535

Re: The lottery, media, and investing

"You can't win if you don't play", they say. Well think about this; I heard on a talk radio show that that's not entirely true. The odds of winning are like 249 million to one. Those odds are so staggering that even if you *don't* play you still have a chance to win. The theory goes like t...
by meowcat
Fri Dec 20, 2013 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: The lottery, media, and investing
Replies: 8
Views: 516

Re: Will an attached iphone drain a car's battery?

Not for a very, very, long time. If the car is started/driven regularly, there shouldn't be any issues.
by meowcat
Fri Dec 06, 2013 8:46 am
 
Forum: Personal Consumer Issues
Topic: Will an attached iphone drain a car's battery?
Replies: 13
Views: 831

Re: Your Biggest Enemy May Be Financial News

Good article on where financial news (read it, "noise") goes wrong. But where does it go right? And how does an investor know the difference? When Bogle got into this business in 1951, one of the first things he learned was "Nobody knows nothing about nothing". There's no need t...
by meowcat
Thu Nov 28, 2013 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Your Biggest Enemy May Be Financial News
Replies: 5
Views: 648

Re: "Americans need more financial education."

Aside from the investing aspect of it, personal finance is a deep, deep, psychological issue. Society has taught us that if we make 100k we must live the 100k and beyond lifestyle. If you're a doctor or lawyer, you must look, act, and spend like one. This has been ingrained in us our entire lives. &...
by meowcat
Fri Nov 22, 2013 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: "Americans need more financial education."
Replies: 56
Views: 2036

PM Not Working Properly.

Trying to send a PM, it just goes straight to my outbox where it stays and can't be delivered.
by meowcat
Tue Nov 19, 2013 9:13 am
 
Forum: Forum Issues and Administration
Topic: PM Not Working Properly.
Replies: 1
Views: 267

Re: John Hancock Rep. Refuses to be Honest!

meowcat, we are going to find the performance of your S&P 500 fund and whether you are paying any hidden fees. It will be easy if you have signed up to access the JH website at https://www.jhancockpensions.com/do/home_page/pu_0 ? Do you have access to your account? If not, you should be able to...
by meowcat
Mon Nov 18, 2013 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

meowcat: When did you start contributing to this plan? Give me the name of one fund (hopefully an index fund) that you own - and tell me the NAV as of Friday, 11/15/2013. And if you have been in the plan for at least two quarters, do you either have the quarterly reports or know how to find them on...
by meowcat
Mon Nov 18, 2013 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

Meowcat - you don't understand - if you do the calculation that Dale is describing AND your fund is returning to you the Index minus expenses - there are no more fees. You would be getting precisely the return you should with no hidden fees. Understand? EDIT: BTW - of course - Dale's calculation wi...
by meowcat
Sun Nov 17, 2013 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

Dale, you could very well be right, I may be chasing ghosts, here. As an investor in my position, though, wouldn't you want to know the truth? I mean really, if you think about it, a 401(k) wrapped up in an annuity contract with no exorbitant or hidden fees is virtually unheard of. Add to that the ...
by meowcat
Sat Nov 16, 2013 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

One of my sons has a John Hancock administered 404a-5 with somewhat lower fees the the OP. The er of the S&P 500 fund is listed as .53%, TSM is .57%. The er for the SSgA TI index fund is .62% which include the fund er of .39% + .23% for AMC or A dministrative M aintenance C harge. According to ...
by meowcat
Fri Nov 15, 2013 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

hoppy08520 wrote:No wonder everyone is so confused. The financial services industry has made it so complicated that no one can figure it out, even our sponsors and HR reps.

Sickening, isn't it?
by meowcat
Fri Nov 15, 2013 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

denovo wrote:
meowcat wrote:I do get a match but it's a pittance and barely worth mentioning. Basically, it's capped at $800/yr. My Wife has no match (she used to, before the crisis).


Is the match on a 1:1 basis?

I don't think it really matters, does it? I get a 100% match, up to $800/year.
by meowcat
Fri Nov 15, 2013 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

I do get a match but it's a pittance and barely worth mentioning. Basically, it's capped at $800/yr. My Wife has no match (she used to, before the crisis).
by meowcat
Fri Nov 15, 2013 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

meowcat - I feel your pain. Only to share my JH expereince, our company is changing away from a JH plan where the ERs varied from 0.55% Money Market to 1.00% for simple life cycles. I got a hold of our 404a-5 document which clearly stated we were paying and additional 0.96% + $30/participant for re...
by meowcat
Fri Nov 15, 2013 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743

Re: John Hancock Rep. Refuses to be Honest!

I hope you are fighting back in a smart way. Only invest your 401k up to match and then invest in your traditional ira. Well, I guess my only saving grace is that this is just one of our retirement accounts. My wife has her 401(k) with T. Rowe Price, with fees of about .5%. She also has her Vanguar...
by meowcat
Fri Nov 15, 2013 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: John Hancock Rep. Refuses to be Honest!
Replies: 60
Views: 5743
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