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by mickeyd
Fri May 22, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 201
Views: 37539

Re: Share your networth progression

I don't have any numbers to share as it's too much work to dig them up.

1. LBYM

2. Save/invest regularly

3. Invest in equities over the long term

4. Enjoy retirement
by mickeyd
Fri May 22, 2015 3:54 pm
Forum: Investing - Theory, News & General
Topic: W. Buffett can earn 50% return, why don't you?
Replies: 31
Views: 3181

Re: W. Buffett can earn 50% return, why don't you?

I really don't care what return WB gets or what return other BHs get.

I am selfish that way.

I only care what my return is.
by mickeyd
Sun May 10, 2015 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 10
Views: 1206

Re: $25K Whole Life policy for daughter - $130/year - keep it?

"why do we even have this thing?"


That seems to be the right thinking. If she does not have a LI need, consider cashing it in.
by mickeyd
Sun May 10, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12567

Re: Frugality Reinforced - The Millionaire Next Door

Like others here, I read MND many years ago and saw myself on those pages so I had an inkling that I was doing the right things. Now I'm sure of it.
by mickeyd
Thu May 07, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: Washington Post commentary on Buffett and Vanguard
Replies: 2
Views: 896

Re: Washington Post commentary on Buffett and Vanguard

Nice article. Thanks for posting.

It has $3.1 trillion under management, two-thirds of which is invested in 79 index funds, the first of which opened in 1976.
by mickeyd
Sun May 03, 2015 12:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond Market Index [Exp.Ratio] now only 0.07%
Replies: 20
Views: 3796

Re: Vanguard Total Bond Market Index [Exp.Ratio] now only 0.07%

I noticed that TSM reduced from 0.06% to 0.05%. I did not realize that it had jumped from .05 to .06.
by mickeyd
Tue Apr 28, 2015 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: High yield bond funds advice????????
Replies: 18
Views: 1574

Re: High yield bond funds advice????????

I'd stay away from junk bonds and look for risk in equities.
by mickeyd
Tue Apr 28, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Primerica [as a job]
Replies: 12
Views: 1091

Re: Primerica

He said their mutual funds routinely get 12% so you can't beat that.


Is that stock, bond or MMF? "The coach"would be proud. :wink:
by mickeyd
Sun Apr 26, 2015 7:49 pm
Forum: Personal Consumer Issues
Topic: how to ask friend my money back?
Replies: 32
Views: 3407

Re: how to ask friend my money back?

He may have genuinely forgotten.


"Hey Chuck, have you forgotten to repay me or did I misunderstand about the party goods that I picked up?"
by mickeyd
Mon Apr 20, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8321

Re: What's your average monthly expense???

If memory serves correct DW and I spend about $4K/month but that varies a lot due to travel, vacations etc. Since our usual income stream is quite a bit more than that, I seldom follow the figures too closely.
by mickeyd
Mon Apr 20, 2015 1:22 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their asset allocation
Replies: 58
Views: 3568

Re: Has anyone changed their asset allocation

Has anyone here changed their asset allocation due to what seems like a long running and possibly tired bull market. I changed our AA from 60/40 to 50/50 within the last 12 months, but not because of any market timing strategy. I changed it because I wanted a more simple AA with less risk. As Dr. B...
by mickeyd
Sat Apr 18, 2015 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9059

Re: Two Comma Club

davidsorensen32 wrote:Wonder how long it takes to get to 2M from 1M from here. Too bad, no one posts about 2M. Everyones about hitting the first 1M


As a married guy I have always considered $2M the first level of attaboy since $1M for a family of 2 is really only $500k each.
by mickeyd
Sun Apr 12, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: how safe is your life insurance company?
Replies: 3
Views: 722

Re: how safe is your life insurance company?

"only invest in safe investments, so any projected high returns cannot come to fruition." When Enron went belly up years ago John Hancock Life lost $700M (I think that's the figure) in Enron bonds. The investment VP (who was later fired) said that they thought that it was a safe investmen...
by mickeyd
Sun Apr 12, 2015 7:22 pm
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2242

Re: Gifts to take to Scotland.

Tee shirts for (your) local sports teams or university (size L or XL) works for me. It will make them remember you every time they put it on.
by mickeyd
Sun Apr 12, 2015 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is Short-term Corp. Best With Total Bond?
Replies: 6
Views: 762

Re: Is Short-term Corp. Best With Total Bond?

Thanks, my original intention was to use the Intermediate-Term Index. But I'm finding its volatility with a year longer duration and no government agency mortgages a bit much. So now I'm weighing the benefits of intermediate corporates vs. short-term to complement Total Bond. FWIW I've been using t...
by mickeyd
Sun Apr 12, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9059

Re: Two Comma Club

In any case, the journey continues.....


Congrats. I am annually disappointed that I have yet to reach the 3 comma club...the journey continues.
by mickeyd
Sun Apr 12, 2015 3:09 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 849
Views: 118754

Re: What Movie Have You Recently Watched?

The Sound of Music,


I was about 20 yo and GF wanted to see it even tho I hated musicals. I saw it and enjoyed it.

I also received the ultimate boyfriend reward later that night, which was the main reason I went in the first place. :wink:
by mickeyd
Fri Apr 10, 2015 6:36 pm
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9284

Re: WSJ: You may need less than 80% in retirement

Tried to read it but WSJ kept asking me to subscribe. No thanks. 8-) As for the 80% number, I don't know. Since I retired about 10 years ago I just spend what I want to and I always seem to have plenty at the end of the month. I am assuming that my spending pattern is in line with my retirement inco...
by mickeyd
Thu Apr 09, 2015 12:47 pm
Forum: Personal Consumer Issues
Topic: Should I buy extended warranty for our new Toyota Sienna
Replies: 50
Views: 3484

Re: Should I buy extended warranty for our new Toyota Sienna

NO.

But don't worry you will receive many mail offers in the future to reconsider your smart decision.
by mickeyd
Mon Apr 06, 2015 8:03 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 849
Views: 118754

Re: What Movie Have You Recently Watched?

Saw Jersey Boys on HBO last night. Great movie that has all of those great Frankie Valli and 4 Seasons tunes of the 60's. I don't usually like musicals but this Clint Eastwood movie is a different kind of musical.
by mickeyd
Thu Apr 02, 2015 3:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prospectus
Replies: 14
Views: 1102

Re: Vanguard Prospectus

With yellow highlighter in hand, I read and save all reports that VG sends me in the mail. I retain only the most recent in each category (ann, sa,prosp etc). Once replaced by an updated booklet, I toss them in the recycling bin. On occasion I refer back to them to clarify some aspect of my portfoli...
by mickeyd
Sat Mar 28, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: Risk Questionnaires: How they work?
Replies: 27
Views: 1887

Re: Risk Questionnaires: How they work?

How do companies take risk questionnaires and translate them to asset allocations? Are they all using the same equation/scoring? The way that I see it is that a company's risk questionnaire in not much more than a marketing piece that moves you along to making a decision to "sign on the line w...
by mickeyd
Sat Mar 28, 2015 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 5693

Re: Can you really know your AA until you've hit a bear mark

Can you really know your AA until you've hit a bear mark


Shouldn't it read ""...know your risk tolerance.."?
by mickeyd
Sat Mar 28, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: Gift Ideas for 80 Yr Old Grandmother w/ Dementia
Replies: 23
Views: 1682

Re: Gift Ideas for 80 Yr Old Grandmother w/ Dementia

How about a photo album with simple explanation added i.e. "Here is Jane playing soccer" . "Here is Bob mowing the front lawn."

We did this for my Mom and she was thrilled with it as it was new every time she looked at it. Its all about showing the loved one that he/she is loved.
by mickeyd
Sat Mar 28, 2015 2:49 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri's 30 year market forecast 2015
Replies: 137
Views: 14720

Re: Rick Ferri's 30 year market forecast 2015

That [2014] column heading was "Real Return" which presumably is what this year's "BEFORE INFLATION RETURNS" is now supposed to mean, but yes, it's an odd way to word it. I changed the first column to "Before Inflation Returns" from "Real Returns" because mos...
by mickeyd
Sat Mar 28, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: "Are Index-Fund Investors Smarter?"
Replies: 29
Views: 3550

Re: "Are Index-Fund Investors Smarter?"

When you buy an index fund, your only worry is the market's performance.


Oh no! I don't worry about anything. Should I be worrying about market performance?
by mickeyd
Thu Mar 12, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Poll] How long did you hold primary residence mortgage?
Replies: 34
Views: 2980

Re: [Poll] How long did you hold primary residence mortgage?

We had a 15 year mortgage (I thing it was about 6-7%) and repaid it in about 7 years.
by mickeyd
Thu Mar 12, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 12995

Re: When will / did you claim Social Security benefits?

I do believe, that the most of the Bogleheads posting on this thread, will make it past 90 years of age.


Thanks I needed that. I will not question your source nor ask for a link to verify it.
by mickeyd
Mon Mar 09, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 12995

Re: When will / did you claim Social Security benefits?

I cast my vote for age 70 as most folks here have.

I actually received my first SS deposit at age 66 (DW's age 62) when I piggy-backed her early SS claim and claimed myself a spouse for 4 years. I let my account cruise along while collecting 8% retirement credits until age 70.
by mickeyd
Sun Mar 08, 2015 4:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard TSM Fund Question
Replies: 4
Views: 378

Re: Vanguard TSM Fund Question

The 12/31/14 annual report indicates that TSM has 3796 stocks. Some of them are surely NASDQ issues.
by mickeyd
Sun Mar 08, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Wealthy cardholders prefer cash-back rewards
Replies: 33
Views: 4414

Wealthy cardholders prefer cash-back rewards

I have always used cash-back as my CC rewards option and am surprised that it is 3X more popular than other choices. I figure that I can always change it to something else, but I never have. I guess I like the idea that my CC company is paying part of my monthly bills. Cash was nearly three times mo...
by mickeyd
Tue Mar 03, 2015 4:47 pm
Forum: Investing - Theory, News & General
Topic: Taylor Larimore Honored
Replies: 59
Views: 5944

Re: Taylor Larimore Honored

Stay the Course has new meaning today.

Congrats Taylor. Happy sailing.
by mickeyd
Sat Feb 28, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: Retirement - Surprises, Solutions
Replies: 30
Views: 3990

Re: Retirement - Surprises, Solutions

Looking back over the last 10+ years of retirement I am still pleasantly surprised that we have an over-abundance of income as well as a stout investment account that will easily provide for our health and welfare forever. All this is supported by a very unsophisticated, stubby pencil long-term savi...
by mickeyd
Wed Feb 25, 2015 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Larry Swedroe on Total Bond
Replies: 29
Views: 8237

Re: Larry Swedroe on Total Bond

The forums seem like most bogleheads are recommending the Total Bond Fund for bond allocation. Am I reading this correctly? As I'm sure that you know BHs do not march in lock-step when it comes to many (most?) investment ideas. I prefer the Intermediate-Term Bond Index fund with a small mix of TIPS...
by mickeyd
Wed Feb 25, 2015 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on 403(b)/457(b) Providers
Replies: 12
Views: 502

Re: Advice on 403(b)/457(b) Providers

who would I approach first; my HR department or the consulting firm that administers the plans? If the answer is my HR department Remember that the "consulting firm" has a financial stake in this and (hopefully) the HR department does not. This is a fund for YOUR retirement and you should...
by mickeyd
Wed Feb 25, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Quiz
Replies: 22
Views: 1493

Re: Tax Quiz

80%. Surprised that I did not get 100%. That was fun because it was not that easy after all. :mrgreen:
by mickeyd
Wed Feb 25, 2015 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Advice on 403(b)/457(b) Providers
Replies: 12
Views: 502

Re: Advice on 403(b)/457(b) Providers

Toons wrote:Personally I would cross all off,,, other than
Fidelity
Tiaa-Creef. :happy



I agree but why not ask them why Vanguard is not a selection?
by mickeyd
Wed Feb 25, 2015 11:54 am
Forum: Investing - Theory, News & General
Topic: Lower ER or better performance
Replies: 16
Views: 1001

Re: Lower ER or better performance

The way I look at it is that by selecting funds with a low ER is one of the few ways that I can actually have a direct action to increase my total portfolio return. I am willing to risk picking the wrong AA.
by mickeyd
Wed Feb 25, 2015 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Safety of Vanguard online access
Replies: 28
Views: 2066

Re: Safety of Vanguard online access

In the March 2015 issue of Consumer Reports it reads: "Vanguard does have a voluntary online fraud policy that promises to reimburse assets stolen in unauthorized online transactions." Later on "Vanguard requires ...that you follow certain safeguards, which you should be doing anyway....
by mickeyd
Wed Feb 25, 2015 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Retiree's withdrawing from a taxable account... question.
Replies: 2
Views: 357

Re: Retiree's withdrawing from a taxable account... question

a better option? Unless you need the $100K mentioned in #2 above to live on, you might consider placing all $175K in the TSM and have the quarterly dividends sent to your checking account. That way you would have a small income increase (~$3500/yr ) but could draw on your TSM account in an emergency.
by mickeyd
Wed Feb 25, 2015 11:16 am
Forum: Investing - Theory, News & General
Topic: Why does Vanguard sell anything other than SP500 Index fund?
Replies: 18
Views: 2025

Re: Why does Vanguard sell anything other than SP500 Index f

Why do vanguard sell other funds at all?? Won't it be better for Vanguard to sell only one SP500 index fund?


There are many roads to Dublin.

Chocolate ice cream, vanilla ice cream, rocky road ice cream etc.
by mickeyd
Tue Feb 24, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 42
Views: 3977

Re: [favorite] Boglehead quotes

longinvest wrote:I think that this thread is about great (favorite) quotes created by forum members, not about all favorite quotes.


Isn't Jack a forum member?
by mickeyd
Tue Feb 24, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Taking RMD this year
Replies: 13
Views: 1035

Re: Taking RMD this year

Like OP I will begin RMD later on this year but never have thought about taking it early vs. late. I'm taking it late because it delays the process a bit longer (Dec vs. Jan). There must be some IRS provision that allows for a delay. What if I wait until 12/31 to take my RMD but have a heart attack ...
by mickeyd
Tue Feb 24, 2015 2:31 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 42
Views: 3977

Re: [favorite] Boglehead quotes

"The relentless rules of humble arithmetic."

"The tyranny of compounding costs."


I have both of these written on a Post-It note on my desk so that I will never overlook the obvious.
by mickeyd
Mon Feb 23, 2015 3:01 pm
Forum: Investing - Theory, News & General
Topic: Dilbert on Technical Analysis
Replies: 1
Views: 740

Re: Dilbert on Technical Analysis

Thanks.

Scott Adams always gets it. :P
by mickeyd
Sun Feb 22, 2015 6:55 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 726
Views: 106000

Re: What Book Are You Currently Reading? Part VI

Liar's Poker by Michael Lewis

About Wall Street goings-on (especially @ Salomon Brothers bond desk on 41st floor of WTC). Book has been around for a while but I like Lewis's later books and decided to read his first one.
by mickeyd
Sun Feb 22, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Term-Like" Universal Life Policy
Replies: 8
Views: 543

Re: "Term-Like" Universal Life Policy

If you look at the fine print, you'll find some of the expected horrible fees and expenses in a UL (ex: 25%, yes 25% premium load). Term policies have their own fees too, which are usually harder to ascertain, and the ability to comparison shop easily helps keep those fees down. Ask the agent how m...
by mickeyd
Tue Feb 17, 2015 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Define: participate in a retirement plan at work
Replies: 43
Views: 2561

Re: Define: participate in a retirement plan at work

What was the employer's response when she asked them about this? I agree that it seems to be a conflict.
by mickeyd
Mon Feb 16, 2015 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: turbo-tax and vanguard
Replies: 7
Views: 952

Re: turbo-tax and vanguard

Has anyone had good/bad experience using turbo-tax online with vanguard. It seems a pretty cheap deal


I used TT @ VG (Flagship) to do my taxes for 2014 and for the last 10 years or so. It was pretty cheap $0.00.

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