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Re: Principles for Changing Asset Allocation & Splicing

Hi everyone, I wanted to get thoughts on when it is right (or not right) to change one's asset allocation. I'm less interested in the question of age (e.g. increasing the % of bond holdings as you get older), and more interested in changing the allocation with regard to circumstances. Here's a hypo...
by midareff
Wed Jul 30, 2014 4:29 pm
 
Forum: Investing - Theory, News & General
Topic: Principles for Changing Asset Allocation & Splicing
Replies: 10
Views: 633

Re: What percentage of my portflio should be in cash?

There is no right or wrong answer and as others have said it is whatever you are comfortable with. I have a pension from a top 5 or 6 well funded state and SS. I keep a year of normal portfolio draw over and above those in MM as a "what if". I figure the portfolio drag isn't worth talking ...
by midareff
Wed Jul 30, 2014 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of my portflio should be in cash?
Replies: 10
Views: 809

Re: Need Perspective and Advise

When I re-read what I wrote, I had this thought: What if a potential client went to this advisor with a portfolio exactly like he described to you: 18-20 good dividend payers and no bonds that the client had been actively managing. Would the advisor change his tune and say, "That's too risky a...
by midareff
Wed Jul 30, 2014 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Perspective and Advise
Replies: 9
Views: 445

Re: Purchasing public pension benefits

Florida Retirement System at 7.75% projections recently revised pre-retiree cola term and began requiring a 3% of salary pay in for pre-retirees. It is easy to fix funding issues, if there really are any, going forward with the worker base. Reducing retiree's incom, good luck with that....... gotta ...
by midareff
Tue Jul 29, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing public pension benefits
Replies: 17
Views: 1215

Re: Bonds!!??

Funny... this OP is a couple of days short of 2 years old. Illustrates how right the pundits are.
by midareff
Tue Jul 29, 2014 8:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds!!??
Replies: 56
Views: 10409

Re: What amount of Earnest Money - New Pulte Home

Watty wrote:If the money is being held in escrow, and not being paid to the builder, then I would not be too worried about 5%.



and .... Do you have an attorney who will be handling the closing? Title Insurance, checking for liens, etc.? How about your attorney's escrow account?
by midareff
Mon Jul 28, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: What amount of Earnest Money - New Pulte Home
Replies: 35
Views: 1849

Re: POLL: My home is worth less/more in 2014 than in 2007?

livesoft wrote:I wouldn't believe ANYTHING on zillow. It said our home sold about 3 months ago. I have no idea who our new roommates are because I haven't seen them yet.



and a PenFed loan officer told me they use the Zillow #'s as an appraisal guide.
by midareff
Mon Jul 28, 2014 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 82
Views: 4050

Re: Buying a Home - Town permit records don't match disclosu

My realtor is very knowledgeable and inspected as best as he could, pointing out any tiny thing he was, but his opinion was that the place was in fantastic shape.


RIP, he closed you as best he could. DO NOT close until the permit records are brought up to date.
by midareff
Sun Jul 27, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3468

Re: Florida Retirement Communities advice/thoughts

Jim.. I'm kinda familiar with Florida .. or South Florida areas. PM me.
by midareff
Sun Jul 27, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: Florida Retirement Communities advice/thoughts
Replies: 24
Views: 2677

Re: Vanguard sued for charging too little

pennstater2005 wrote:Somehow I see this lawsuit not making it very far.



Somehow I see someone with their tongue hanging out looking for a settlement offer.
by midareff
Sun Jul 27, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 108
Views: 10736

Re: Where would you put 30k for a 70 yo first time investor?

100% Wellington. Not exactly what he is asking for but a good compromise. +1 although Wellesley might be even more appropriate. Age in bonds = 70% Wellesley would be mildly aggressive and Wellington quite aggressive. He could use the income and leave the growth for heirs. With little or no stated r...
by midareff
Sun Jul 27, 2014 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Where would you put 30k for a 70 yo first time investor?
Replies: 13
Views: 1436

Re: Rather be Home, Rather be at Work

Toons wrote:Work or home?Hmmm,let me think.I slept till 10am this morning, what day is it anyway?Done thinking ,I'm retired,home sweet home



+1 LOL, It wasn't 10 AM but it may have been 8 AM. Was this a real question?
by midareff
Fri Jul 25, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Rather be Home, Rather be at Work
Replies: 19
Views: 1898

Re: FRS (Fl Ret Srv) Pension Option - Worth it?

I'd ask myself (or himself) WHY is Florida offering this? I presume the system needs the money. We will possibly be facing a new paradigm as to how states pay (or don't pay) pension benefits down the road. Sort of like Detroit although states won't have the state or a museum to contribute to the de...
by midareff
Fri Jul 25, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: FRS (Fl Ret Srv) Pension Option - Worth it?
Replies: 10
Views: 663

Re: Best On-line Portfolio trackers

I use M* in conjunction with a programmed excel book. I have two views in M* that have all the data I want to import into my excel sheets/book and from there I can have everything updated in probably 70 seconds from a cold off computer if I'm after it to 2 minutes if I'm real leisurely. I really can...
by midareff
Fri Jul 25, 2014 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best On-line Portfolio trackers
Replies: 16
Views: 1516

Re: state pension

Leave it alone and consider that one income stream is done and paid for.
by midareff
Fri Jul 25, 2014 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: state pension
Replies: 43
Views: 2611

Re: equal asset location and rebalancing

If your AA is 50.0% and 50.0% and your tolerance is 0 than it would take constant rebalancing...... if your balance bands are +/- 5% on total (equities or bonds) and the tolerance for investments within each group is anywhere from 10 - 25% rebalancing is much less frequent.
by midareff
Fri Jul 25, 2014 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: equal asset location and rebalancing
Replies: 6
Views: 564

Re: Best way to reach initial allocation in a bull market?

When pursuing a relatively high-risk, high-reward strategy (mostly stocks with tilt), is it worth being cautious and delaying your equity contribution (either altogether or putting more in bonds) until the market comes down a little? No one, including all the experts and the face you see when you s...
by midareff
Fri Jul 25, 2014 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Best way to reach initial allocation in a bull market?
Replies: 28
Views: 2526

Re: FRS (Fl Ret Srv) Pension Option - Worth it?

The FRS plan is predicated on growth of 7.75% and is amazing for those of us already retired into it. My question would be is that cola accruals were back determined to be .1% per year of service with accruals suspended as of 7/1/2012, so I believe your friend's life annual cola would be capped at 1...
by midareff
Fri Jul 25, 2014 9:02 am
 
Forum: Investing - Help with Personal Investments
Topic: FRS (Fl Ret Srv) Pension Option - Worth it?
Replies: 10
Views: 663

Re: 500K Sitting in a Bank Account

I'd mix just a pinch of MM with time layered CD's and a ST Bond Fund.
by midareff
Thu Jul 24, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 500K Sitting in a Bank Account
Replies: 17
Views: 1586

Re: Primer on slice and dice alternatives to total bond mark

Actually he said is was light on corporates. He did not say to add High Risk Corporates. While Total Bond Market is a good fund it does not include a representative portion of corporates, does not include TIPS, does not include muni's, does not include high yield and many have issue with the MBS. Th...
by midareff
Thu Jul 24, 2014 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: Primer on slice and dice alternatives to total bond market?
Replies: 8
Views: 587

Re: Best Coffee Maker? What do you have?

I'm using a Cuisinart which replaced the 8 year old one that stopped working properly. Tried a Calphalon but the water seal under the water line of the tank leaked so back it went for the Cuisinart I have now.
by midareff
Thu Jul 24, 2014 11:02 am
 
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 65
Views: 4483

Re: Buying a car- 2011 Lexus IS 250 9k miles

I suggest you go to Kelly Blue Book on the net and see what it is worth. I just checked and as a private sale (with 9K miles) it's worth $25K in my area. Edmunds has it at $22.1K trade-in and $23.8K as a private sale. It might be a great car but it does not look like buying at the buyout price is a ...
by midareff
Thu Jul 24, 2014 9:33 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 2040

Re: Please help settle an argument

I was having an internet argument with someone and we both came to the conclusion we would post it on here and see what kind of responses we would get. If this is not appropriate to post I apologize in advance. Argument A: It ALWAYS makes sense to take out a vehicle loan, as long as it is no greate...
by midareff
Thu Jul 24, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1950

Re: Van. total bond vs intermediate

jmoroney wrote:I am looking at the index fund. Sorry for the confusion.


At this point I like the Total Bond Market Fund over the Intermediate Bond Index since the duration is shorter (less interest rate risk) and the diversification is greater.
by midareff
Thu Jul 24, 2014 8:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Van. total bond vs intermediate
Replies: 11
Views: 1500

Re: Cheap auto loan suggestions?

Try PenFed.org
by midareff
Thu Jul 24, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Cheap auto loan suggestions?
Replies: 12
Views: 662

Re: Van. total bond vs intermediate

Intermediate Bond? Intermediate Treasury? Intermediate Term Investment Grade? Intermediate Term Bond Index? Three different funds starting with Intermediate Term. For a first time bond fund buyer I'd stick with Total Bond Market.
by midareff
Thu Jul 24, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Van. total bond vs intermediate
Replies: 11
Views: 1500

Re: Here's another "where should I retire" thread

@midareff, I like the mountains and riding a bike, but I much prefer riding on relatively flat ground :D My parents spent the second half of their retirement in Florida. It seemed crowded to me. Depends on where.... I've been in Miami for 50 years and looking for relocation now that I'm retired. To...
by midareff
Wed Jul 23, 2014 6:24 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6136

Re: Help me choose a new tv

A year and a half ago I bought 2 Samsung LED TVs... Smart LED 3D. One is a 7500 series the other an 8000. I went upscale because they are both upgradeable by module replacement as well as software download, which they do themselves. They replaced a 17+ year old Sony 42" rear projector and a 7 y...
by midareff
Wed Jul 23, 2014 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Help me choose a new tv
Replies: 31
Views: 1704

Re: Which Bernstein Book?

Hawkeye5 wrote:I've read all three. If memory serves The Investor's Manifesto is the most recent of the three and Four Pillars is a classic. I highly recommend all Bernstein's books.


+1 One by one, real all.
by midareff
Wed Jul 23, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Which Bernstein Book?
Replies: 27
Views: 1895

Re: Will not using my dishwasher cause problems?

HueyLD wrote:You need to run your dishwasher NOW!

It may already be broken because dishwashers are built to be used regularly.


I'd run no less than monthly, they do lock up with lack of use.
by midareff
Wed Jul 23, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Will not using my dishwasher cause problems?
Replies: 41
Views: 1986

Re: Here's another "where should I retire" thread

While family is a major consideration so is climate. I think I like fewer rainy and snowy days and warmer weather. Without recommending a location why don't you and wife focus on the things you like to do recreationally. Perhaps, make a list. Then find an area, or maybe two areas, that provide great...
by midareff
Wed Jul 23, 2014 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6136

Re: Best Coffee Maker? What do you have?

Great idea.....
by midareff
Wed Jul 23, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 65
Views: 4483

Re: Intimidated by Investment Advisor

Since you don't like conflict, get someone else to handle the conflict. Simply put: Get a lawyer. Now. Absolutely. I would add, if you feel uncomfortable at this point in time taking over the management of the investments there are several well known, well published authors/advisors who frequent th...
by midareff
Wed Jul 23, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 3835

Re: Adding Corporates to Total Bond Market Index

Welcome back Landy.... The most realistic solution I see for today's interest rate environment is ST IG (LT Tax-Ex in taxable) for rebalance money, which has a better interest rate rise recovery rate (yield/duration), and the rest in IT IG corporates. I don't like it, but I like it better than what...
by midareff
Wed Jul 23, 2014 4:46 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 6621

Re: Dumb 3rd grade math question about beach house rental

10/28 + 10/28 +8/28 = $10,000 you can take it from there I'm sure you are right that it will be a third each, after discussion. Kevin +1 EDIT: I'm going to go back and change my mind. Sharing the cost is 1/3 each. Renting is 8/10ths of a 1/3 share. What if they decide to stay a ninth night, do you ...
by midareff
Wed Jul 23, 2014 8:31 am
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 59
Views: 4191

Re: Adding Corporates to Total Bond Market Index

.... Can you let me know what you are saying in level clear language? Sorry, but I don't see the "unleveled, unclear" language in a synopsis I made of what you had said. Unless one panics and wants to cash out one's bond holdings during a temporary dip in bond prices , why should we gear ...
by midareff
Wed Jul 23, 2014 8:29 am
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 6621

Re: Thoughts on [not] rebalancing

It is an interesting concept especially when you add in partial rebalance or required deviation rebalancing. I'm in the process of trying to formulate some rules for downside movement before rebalancing would kick in. My situation may be different as I can drain bonds and probably get to 91 y/o with...
by midareff
Tue Jul 22, 2014 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on [not] rebalancing
Replies: 12
Views: 670

Re: Buying in ok neighborhood vs good neighborhood

dbr wrote:What does it mean to be "x blocks away from the 'crime part of town'"? Doesn't sound like either one is a good choice.



My take exactly.... another 4 blocks to kids on foot or bicycles means nothing. 8 blocks from the crime part of town is not nearly far enough in my opinion.
by midareff
Tue Jul 22, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying in ok neighborhood vs good neighborhood
Replies: 27
Views: 1692

Re: Can I manage a new CC?

I have a fist full of cc's and regularly use 4 of them. AMEX 6% groceries, used just for groceries, PenFed 5% gas, used just for gas, Fido AMEX 2% used for everything I can and the Fido Visa 1.5% for when they don't take Amex. I have Discover and some store cards, an Amazon card and others but don't...
by midareff
Tue Jul 22, 2014 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I manage a new CC?
Replies: 13
Views: 1054

Re: How to track expenses to the penny?

We eat out quite a lot. What's giving you 5% at restaurant's year round or is that a Discover quarterly category?
by midareff
Tue Jul 22, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2655

Re: Adding Corporates to Total Bond Market Index

I also made a change due solely to what Mr. Bogle said about the total bond fund. About 15 months ago I split my bond holdings in half between Intermediate Term Investment Grade (VFIDX) and Total Bond Mkt (VBTLX). It is has gone from 50/50 to 53/47, respectively. I am pleased with the results. Are ...
by midareff
Tue Jul 22, 2014 9:06 am
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 6621

Re: Bond funds- your percentage of intermediate vs. short-te

From an investor's perspective fixed income money has become extremely difficult to even obtain a few basis points of real return, and there is interest rate and other risks in that. Having said that, I believe I heard Mr. Bogle comment during an interview he held either ST or LT Tax-Ex in a 1:2 rat...
by midareff
Tue Jul 22, 2014 8:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds- your percentage of intermediate vs. short-term?
Replies: 12
Views: 1134

Re: Reduce / Eliminate Emerging Market in Retirement?

Broadly diversified is broadly diversified. Roughly 7.5% of my portfolio is VTIAX and another 7.5% in VSS. The EM they hold is just fine with me the point being to be invested in maximally diversified manner. I don't need to take risk either (66, 2 years retired) so 45% of my portfolio is equities, ...
by midareff
Tue Jul 22, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Reduce / Eliminate Emerging Market in Retirement?
Replies: 11
Views: 1163

Re: P/E Ratio: How do YOU interpret/use it?

I interpret it to be the numerial comparison of the price of the stock to its most recently officially reported earnings per share. I use it to razzle dazzle my friends who assumed I must be ever so smart if I can use the term "P/E ratio" in a sentence. PJW Not to mention dynamically adju...
by midareff
Tue Jul 22, 2014 8:20 am
 
Forum: Investing - Theory, News & General
Topic: P/E Ratio: How do YOU interpret/use it?
Replies: 26
Views: 1351

Re: Hw many credit cards to own?

I own five..... Amex Blue Cash Preferred for groceries @6% cash rebate .. used for nothing else. Penfed Gas Card @ 5% cash rebate .. used for nothing else. Fido Amex @ 2% rebate .. used for everything else. Fido Visa % 1.5% cash rebate... used where none of the above are Discovery... only used when ...
by midareff
Mon Jul 21, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 69
Views: 4138

Re: Bond Fund or Money Market Fund?

First year's funding in a money market, such as Ally Bank paying .85%, second year 's money CD's for a slightly higher rate or same as third year, third year in a short term bond fund.. short term investment grade if you are tax-exempt or limited term tax-ex if not.
by midareff
Mon Jul 21, 2014 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond Fund or Money Market Fund?
Replies: 7
Views: 576

Re: years of investing and balances

Started in my mid 20's (66 now), first million in 1999 then gone in the tech wreck, discovered Dr. Bernstein, Rick, Larry and John C., regained in February 2011. Retired in April 2012. Great bull run, half way to multi now.
by midareff
Mon Jul 21, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: years of investing and balances
Replies: 23
Views: 1940

Re: Your allocation to Emerging Market small cap ETFs?

I own whatever part of them are included in VG Total International and Small International. I don't add an EM tilt or separate slice.
by midareff
Mon Jul 21, 2014 8:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Your allocation to Emerging Market small cap ETFs?
Replies: 12
Views: 1188

Re: how often do you look at your account

bengal22 wrote:when it is going up I look all of the time. In the other direction, I tend to watch more sports.



LOL, funny.... but me 2.
by midareff
Sun Jul 20, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3588

Re: Memory foam mattresses - any insight?

My other half decided to ditch both of our mattresses and get two of the Costo tempurpedic-like mattresses. I don't like them too much. Then when I attended a recent wedding at a hotel in Provincetown, I really realized what a good regular high end mattress felt like and wished we would have spent ...
by midareff
Sun Jul 20, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 55
Views: 4108
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