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Re: Help w/ transition to 3Fund Portf (but big muni ladder)

I ended up in a lot of the managed funds when my account was managed. For example, when Fidelity took over 62k Roth to manage, they must have plugged me into some computerized trading model because they immediately put me in 20 funds and some of these have less than $500. Part of the reason for star...
by spyman
Mon Nov 18, 2013 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ transition to 3Fund Portf (but big muni ladder)
Replies: 8
Views: 761

Re: Help w/ transition to 3Fund Portf (but big muni ladder)

This makes perfect sense Artsdoctor. Thanks so much for taking the time to respond. I will definitely pull Rick Ferri's article and start working on the overall plan. I think the implementation will be a challenge but we shall see.

Spyman
by spyman
Mon Nov 18, 2013 12:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ transition to 3Fund Portf (but big muni ladder)
Replies: 8
Views: 761

Re: Help w/ transition to 3Fund Portf (but big muni ladder)

Thanks. I'll try to find someone since it definitely would be helpful. I know that with the muni bonds, I will need to hold them to maturity but I don't need to buy new muni bonds. Instead I could reinvest some or all of the proceeds in Vanguard Muni Funds. If I stay in the Breckenridge managed acco...
by spyman
Sun Nov 17, 2013 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ transition to 3Fund Portf (but big muni ladder)
Replies: 8
Views: 761

Re: Help w/ transition to 3Fund Portf (but big muni ladder)

Thanks for the suggestion. I will look into this since the expense ratio is quite low. It's a little more cumbersome to use and I'll have to figure out what to put and where as part of an overall allocation with these funds (and funds outside the TSP).
by spyman
Sun Nov 17, 2013 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ transition to 3Fund Portf (but big muni ladder)
Replies: 8
Views: 761

Re: Bogle based advisers

I saw a Forbes article (Sept 23, 2013) that mentioned that some certified financial planners work on an hourly basis. Per the article, Garrett Planning Network is a nationwide confederation of 325 such planners. Anyone have experience with someone within this network or others?
by spyman
Sun Nov 17, 2013 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bogle based advisers
Replies: 10
Views: 704

Help w/ transition to 3Fund Portf (but big muni ladder)

We would be enormously grateful for some assistance in figuring how to transition to a simplified 3 Fund type Portfolio given our current holdings, including a large municipal bond ladder. We have lots of stuff left from when the accounts were managed so need to start selling stuff off. But do we do...
by spyman
Sun Nov 17, 2013 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ transition to 3Fund Portf (but big muni ladder)
Replies: 8
Views: 761

Re: Municipal Bonds - Pro's and Con's

I've invested in a muni bond ladder via Fidelity which uses Breckenridge as the manager. The minimum initial investment is $1,000,000 and the fee is 35 basis points. I have no discretion in how they structure the ladder but they are buying bonds as long as 11 years out with an average duration of 6 ...
by spyman
Sun Aug 18, 2013 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - Pro's and Con's
Replies: 28
Views: 3237

Re: For munis, bond fund or ladder

Thanks stlutz and larry. These are great points. I believe I am getting institutional prices as the mgr is Breckenridge (via Fidelity) and they only manage muni portfolios. No one ever discussed with me what the length of my ladder would or should be and I was too ignorant to raise this before commi...
by spyman
Sat Feb 09, 2013 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10474

Re: For munis, bond fund or ladder

Larry, In theory the idea of a muni bond ladder makes sense for the reasons you identify. But I am finding it very difficult to watch my mgr build the ladder since this is necessitating the purchase of numerous high quality but long duration bonds (I already owned several muni bonds --500k total --o...
by spyman
Sat Feb 09, 2013 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10474

Re: Long duration individual muni bonds

Thanks so much! I just ordered Larry Swedroe's bond book and I'll look at the MFS website. I'm glad you advised me about the secondary bond market. I have so much to learn.
by spyman
Wed Jan 30, 2013 11:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Long duration individual muni bonds
Replies: 10
Views: 1619

Re: Long duration individual muni bonds

Thanks for the insights. I think that for someone who wants to own individual muni bonds, there is something to be said for paying for the expertise (and greater inventory of bonds) and I suppose it makes sense to create a bond ladder if that's what they are doing. But I'm going to give more thought...
by spyman
Tue Jan 29, 2013 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Long duration individual muni bonds
Replies: 10
Views: 1619

Re: Long duration individual muni bonds

Thanks. What you say makes sense. I will ask some questions to get a better sense of what's being done and why. I believe the current muni mgr looked over the transferred bonds to make sure they met their stds. At least one bond was exchanged. Some of the soon to mature bonds were sold.
by spyman
Mon Jan 28, 2013 11:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Long duration individual muni bonds
Replies: 10
Views: 1619

Re: Long duration individual muni bonds

Thanks. I can't fault UBS. We had long discussions about my financial situation, goals, assumptions and I was on board with the allocation. In the end, though, I decided that I wanted to avoid the fees and the frequent trading and try to simplify my portfolio and lower the costs. But of course this ...
by spyman
Sun Jan 27, 2013 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Long duration individual muni bonds
Replies: 10
Views: 1619

Long duration individual muni bonds

I'm new to the forum and learning a lot and realizing how many mistakes I've made. In 2010 (age 50), I left a high-paying job for a low-paying dream job. I had enough $$ accumulated that I decided to hire an advisor at UBS to manage half of it. The rest was at Fidelity and self-managed. Total $3.2 m...
by spyman
Sun Jan 27, 2013 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Long duration individual muni bonds
Replies: 10
Views: 1619

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