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Re: Vanguard Index vs American Funds?

I don't understand what everyone is arguing so vehemently about. Given that the OP can invest in American Funds for no sales charge and only the expense ratio, what's the problem? Many of us pay a similar expense ratio, even when investing in some Vanguard active funds, and often when investing thro...
by tibbitts
Tue Aug 19, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index vs American Funds?
Replies: 33
Views: 3042

Re: Spouse not ready to cut ties with financial advisers

It is highly unlikely an AUM account is also collecting front end loads. More accurately unlikely it ever did, as these are collected only once. Don't embarrass yourself and weaken your position by assuming bad behavior that isn't so. To find out you would have to look at your original transactions...
by tibbitts
Mon Aug 18, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Spouse not ready to cut ties with financial advisers

It is highly unlikely an AUM account is also collecting front end loads. More accurately unlikely it ever did, as these are collected only once. Don't embarrass yourself and weaken your position by assuming bad behavior that isn't so. To find out you would have to look at your original transactions...
by tibbitts
Mon Aug 18, 2014 7:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Vanguard Index vs American Funds?

I think it would be fine to invest in an assortment of AF products, at 0% sales charge, and a net .6% or so expense ratio (including 12b-1 fee, etc.) But don't you need $1MM in each fund to waive sales charges, not just $1MM total? Realistically, it seems that an assortment of effectively-no-load AF...
by tibbitts
Sun Aug 17, 2014 10:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index vs American Funds?
Replies: 33
Views: 3042

Re: Girls gymnastics: what to expect

I don't have any personal experience with this, but would try to interest her more in "lifetime" activities that are less likely to result in injuries. You mentioned sailing, and that's certainly something that would qualify as a lifetime activity with relatively little probability of inju...
by tibbitts
Sun Aug 17, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Girls gymnastics: what to expect
Replies: 28
Views: 2266

Re: .90% yield on 100k…help...

Sometimes you're just a victim (or beneficiary, as the case may be) of the era you're investing in, and you're stuck with an era of horrible returns for near-cash investments. And with a 3-5yr timeframe that's pretty much what you need.
by tibbitts
Sun Aug 17, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: .90% yield on 100k…help...
Replies: 3
Views: 724

Re: Spouse not ready to cut ties with financial advisers

I discussed most of the points in this thread with DH this morning. His overriding concern is that we will make a mistake and it will cost us a lot more than 1%. He said that everyone he knows who has ever chosen to manage their own funds has lost money in the stock market. Considering how the stoc...
by tibbitts
Sun Aug 17, 2014 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Spouse not ready to cut ties with financial advisers

As others have mentioned, you've done a lot correctly to get to the point you're at now. To have the amount you have at your age, actually any age, is remarkable, and frankly if you were posting about paying .7% vs. .2% for no-load fund expenses, I think there might be more important things for you ...
by tibbitts
Sun Aug 17, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Spouse not ready to cut ties with financial advisers

The story seems to be changing considerably through this discussion. The points about high-load funds and high expenses are certainly valid, and if these guys are charging 1% AUM plus full loads on a $3MM base, you're definitely not getting good value there. But you had absolutely no idea that there...
by tibbitts
Sun Aug 17, 2014 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Spouse not ready to cut ties with financial advisers

I think a lot of the replies you're getting are just too conventional to overcome a spouse who simply doesn't want to leave these guys. That's why I suggested trying to take the decision out of his hands: you want to make them make the decision to leave you. But first you might want to make sure you...
by tibbitts
Sun Aug 17, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Helping My Sister Invest for the Long Term.

Something to consider about the bond fund expenses is that you're (usually - it varies) getting some portion of more expensive asset classes with the Pimco fund, things like high yield, foreign/EM bonds, etc. Of course you never know exactly what the allocation of the fund is at any given time, but ...
by tibbitts
Sat Aug 16, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Sister Invest for the Long Term.
Replies: 6
Views: 931

Re: Spouse not ready to cut ties with financial advisers

An alternative that might be more agreeable to your spouse would be to get some reciprocal benefit from the "buddy" relationship by, for example, having them employ your maybe-otherwise-unemployable kids. If they actually are otherwise-unemployable, before too long your advisers might be t...
by tibbitts
Sat Aug 16, 2014 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5804

Re: Florida Retirement System Pension vs. Investment Option

I haven't read the documents, but a few thoughts from my own experience with two state pension systems: 1. It's amazing how much terms and implementations of the same plan can vary between individual agencies. 2. It's pretty common for 95% of people in a pension plan to not understand important term...
by tibbitts
Sat Aug 16, 2014 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Florida Retirement System Pension vs. Investment Option
Replies: 8
Views: 670

Re: Need Advice RE Investment Advisor...or not

Much depends on your ability to stay-the-course with whatever allocation your choose; if you can do that, then one of the TR funds would be fine. An adviser to simply select and implement an allocation would probably be overkill (vs. seeking advise for things like estate planning, for example.) Beyo...
by tibbitts
Fri Aug 15, 2014 7:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice RE Investment Advisor...or not
Replies: 10
Views: 728

Re: Any Opinions on Mirrorless Cameras?

I used Canon DSLR's for years from the Rebel line to 5DMKII with all L (pro) glass. First the pro gear, then the Rebel line got to be too heavy and cumbersome to travel with. The mirrorless Fuji X Pro 1 offered me equal image quality to the 5DMKII at less than half the weight. Their newer less expe...
by tibbitts
Fri Aug 15, 2014 8:59 am
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2013

Re: Any Opinions on Mirrorless Cameras?

Since I haven't used an ILC, I'm wondering if dust is a worse problem than with a DSLR. It seems like no matter the range of my zooms, I end up changing lenses for every picture. Before automatic sensor cleaning, manual cleaning was sometimes a multiple-times-per-day affair for me if I was taking pi...
by tibbitts
Thu Aug 14, 2014 8:34 am
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2013

Re: Any Opinions on Mirrorless Cameras?

Since you own a Pentax, you're already aware of the biggest problem with most of these cameras: lack of lens availability. There's not that much advantage to lens interchangeability if there isn't a healthy lens market for your mount. Yes, I know that many ILCs can accept old adapted 35mm lenses, bu...
by tibbitts
Wed Aug 13, 2014 10:11 pm
 
Forum: Personal Consumer Issues
Topic: Any Opinions on Mirrorless Cameras?
Replies: 40
Views: 2013

Re: What's an acceptable stable value fund rate?

Yes, the quoted yield should be net of expenses, but the yield can change. The 1.6% comes with no interest-rate risk and probably minimal credit risk (although you need to dig a bit to determine how much). The TBM 2.1% comes with significant interest-rate risk and some credit risk. The 1.6% rate is...
by tibbitts
Tue Aug 12, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: What's an acceptable stable value fund rate?
Replies: 18
Views: 1359

Re: What's an acceptable stable value fund rate?

My personal opinion is that a stable value is not worth it if you are losing buying power. The 1.6% return is a guaranteed loss when we have been seeing inflation in the 2% range. I feel very fortunate to have sable value that ranges from 3.5 to 4.5 (depending on when the funds were deposited). Wer...
by tibbitts
Mon Aug 11, 2014 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: What's an acceptable stable value fund rate?
Replies: 18
Views: 1359

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

Obviously if the spread is 2%, for example, then that's historically extremely low, but if yields are, for example, 200% of investment grade, I'm not sure that's as much out-of-line as the raw percentage would indicate. Whether correctly or not, bond specialists talk about spread in absolute terms,...
by tibbitts
Sat Aug 09, 2014 8:21 pm
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds - Uncorrelated to Stocks and Bonds?
Replies: 61
Views: 3645

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

Obviously if the spread is 2%, for example, then that's historically extremely low, but if yields are, for example, 200% of investment grade, I'm not sure that's as much out-of-line as the raw percentage would indicate.
by tibbitts
Sat Aug 09, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds - Uncorrelated to Stocks and Bonds?
Replies: 61
Views: 3645

Re: Carry on Luggage Restrictions

What are the current airline/TSA restrictions on carry on luggage? I know they must have changed since I last took a trip a number of years ago. I searched Google, but it’s pretty confusing. Could I take a large backpack and another bag that I could fit under the seat in front of me? Thanks. You re...
by tibbitts
Sat Aug 09, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: Carry on Luggage Restrictions
Replies: 24
Views: 1592

Re: Which 4 door with 250+ hp

I think you are defining the problem the wrong way. not '4 door with 250+ hp' but 'Four door car with adequate acceleration and the other desirable features'. In other words it's not horsepower you want, it is *acceleration*. A 0 to 60 figure is helpful but the most likely acceleration you will do ...
by tibbitts
Sat Aug 09, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: Which 4 door with 250+ hp
Replies: 67
Views: 4429

Re: Intel Core processors - i3 2014 vs older i3 or other?

Recently I bought a leftover previous-generation i3 because I looked up the cpu performance benchmarks and the older one was slightly faster (because it was a higher-mhz model in the old lineup vs. a baseline model in the newest lineup.) And the computer was 10% cheaper, with the other specs the sam...
by tibbitts
Sat Aug 09, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: Intel Core processors - i3 2014 vs older i3 or other?
Replies: 16
Views: 1402

Re: What do you think? Medical Coverage Cost / Coercion ?

Is the company requiring you to report the results to them? I suppose the employer could just announce that it won't offer any health coverage and won't increase compensation to make up for it. That would be a problem. Don't most physicians recommend an annual blood test?
by tibbitts
Wed Aug 06, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: What do you think? Medical Coverage Cost / Coercion ?
Replies: 38
Views: 1763

Re: Renting a car - what could I have done better?

It's very likely that you couldn't have done much better than you did, other than timing the prepaid option correctly, but that'd be like timing the markets. It's pointless for people to relate experiences that don't pertain to the exact week and location where you rented. Sometimes when you hold ou...
by tibbitts
Mon Aug 04, 2014 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting a car - what could I have done better?
Replies: 12
Views: 1099

Re: Advice: Remodel of kitchen, bath, and basement?

Although I understand that in order to sell for a typical market price, you need to have fairly recent renovations, I don't think you'll necessarily make out better than selling at a discount unless you can also do the renovations at a discount. It's not a big win to sell your house for $500k after ...
by tibbitts
Mon Aug 04, 2014 7:53 pm
 
Forum: Personal Consumer Issues
Topic: Advice: Remodel of kitchen, bath, and basement?
Replies: 30
Views: 1389

Re: Replacing my Central Heat and A/C system................

My house is 16 years old and currently the Heat and A/C runs fine. I believe in replacing things before they die, so that I have time to research and Price shop. Since I winter in the Caribbean, and my house is in the Frigid Midwest I would like the Furnace to Not Fail when I'm away. (I do have WiF...
by tibbitts
Sat Aug 02, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Replacing my Central Heat and A/C system..................
Replies: 16
Views: 1693

Re: Any other travel freaks?

I would fly Aeroflot again, if my return flights will deliver me in one piece. Best wishes, Victoria Aeroflot is the cheapest for transatlantic flights right now. I would not fly them for obvious reasons. A $10 voucher for a 3-hour-delayed flight is appalling. If United is that late, they give me a...
by tibbitts
Sat Aug 02, 2014 3:32 pm
 
Forum: Personal Consumer Issues
Topic: Any other travel freaks?
Replies: 117
Views: 8758

Re: Undisclosed car damage?

Who is your "associate" such that he would know seemingly some, but not all, details about the history of this car?
by tibbitts
Sat Aug 02, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Undisclosed car damage?
Replies: 9
Views: 1276

Re: Cheap Carnival Cruises

I would encourage reading this article as you make your plans. It seems as though passenger rights are non-existent on cruises. http://www.myfoxdfw.com/story/26097750/cruise-passengers-recount-horror-stories-to-senate While I'm sure terrible things have happened on cruises, you have to consider pro...
by tibbitts
Fri Aug 01, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Cheap Carnival Cruises
Replies: 21
Views: 2740

Re: New HVAC system

We have Lennox since it is the quietest. Noise annoys me. Noise has more to do with the installation than the brand. If your outside unit is sitting a foot away from your single-pane glass window (probably a code violation not to mention a waste of energy of course), any brand is going to seem nois...
by tibbitts
Tue Jul 29, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: New HVAC system
Replies: 29
Views: 2502

Re: Saving for Adoption

Thank you everyone so much for the advice. Great to hear from people who have done it and hear the realistic issues that come up. We do know that adoption often involves heartbreak, invasion of privacy, etc. Also appreciate the warning about how long the process can take. A friend was giving us sim...
by tibbitts
Tue Jul 29, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Saving for Adoption
Replies: 14
Views: 1317

Re: New HVAC system

When we bought our unit we had 7 contractors measure with all their computer-aided tools, and every one of them came up with 3tons, as an upgrade from 2.5tons. We have 3tons, 15seer. The system isn't enough for us (Oklahoma, 1500sq ft. 1 story), although a larger unit probably wouldn't have fit phys...
by tibbitts
Mon Jul 28, 2014 10:23 pm
 
Forum: Personal Consumer Issues
Topic: New HVAC system
Replies: 29
Views: 2502

Re: Kitchen Remodel... Or Not?

I live in a 25 year old house and if I had your income and the ability to do all the work in a few days, I'd knock it down tomorrow and build a new one. Well, ok, I'd actually rather be in a slightly different location, but that's not the point, I'm talking about the quality of the house itself - a...
by tibbitts
Mon Jul 28, 2014 7:34 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2895

Re: Kitchen Remodel... Or Not?

I live in a 25 year old house and if I had your income and the ability to do all the work in a few days, I'd knock it down tomorrow and build a new one. Well, ok, I'd actually rather be in a slightly different location, but that's not the point, I'm talking about the quality of the house itself - an...
by tibbitts
Mon Jul 28, 2014 8:55 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2895

Re: Vanguard eliminates fee on FTSE All-World ex-US Small-Ca

Time to work on my neglected small cap international tilt!! I've held out on this due to the extra fee, glad to see if has reached critical mass and been removed. I tried holding out on the international RE fund, but gave in, partly, after admiral shares became available. So I have some of it now, ...
by tibbitts
Sun Jul 27, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard eliminates fee on FTSE All-World ex-US Small-Cap
Replies: 35
Views: 5119

Re: Should I become a CFP?

My non-expert opinion is that certifications don't matter for someone in your position. All that matters is being willing to convince all your friends/relatives, and of course perfect strangers, to hand over their life savings to you. One percent of them will know or care what a CFP is. When it come...
by tibbitts
Sun Jul 27, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become a CFP?
Replies: 27
Views: 3530

Re: Saving for Adoption

I wish everyone the best, and there are several wonderful adopted children in our extended family. But just this once I wish the decision on adoption were made with the best interests of the child at heart, rather than treated as a consumer purchase. I think you're misreading some of this. The chil...
by tibbitts
Sun Jul 27, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Saving for Adoption
Replies: 14
Views: 1317

Re: Saving for Adoption

Well, it is a consumer purchase, particularly a typical newborn adoption. But I'm not understanding this: We do not feel called to foster to adopt, especially because we both work outside the home. Either you have the resources required to outsource the required care or not. While it's true that fos...
by tibbitts
Sun Jul 27, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Saving for Adoption
Replies: 14
Views: 1317

Re: Vanguard eliminates fee on FTSE All-World ex-US Small-Ca

This is excellent news from Vanguard. Thank you Kevin. Not necessarily. It's not such good news for everybody who already bought the fund and paid the fees, and was counting on those fee contributions from others trading into and out of the fund to improve their net performance over time. Of course...
by tibbitts
Sun Jul 27, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard eliminates fee on FTSE All-World ex-US Small-Cap
Replies: 35
Views: 5119

Re: rewards checking account

Not worthwhile. Similarly, there's a limit to how many credit cards are worth juggling to maximize rebates, unless collecting the maximum possible rebates is a hobby. One exception would be if you're spending a lot of someone else's money for which you get reimbursed. 2% back on $1,000,000 becomes p...
by tibbitts
Sun Jul 27, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: rewards checking account
Replies: 12
Views: 745

Re: Mileage Reimbursement or Company Car?

You can't deduct the reimbursement, but I believe you can deduct the shortfall between what the company pays you and whatever the allowed rate for a given year is, at least if you can get over the itemization and percent-of-AGI hurdle. I had an employer once that paid a half-cent or a cent more than...
by tibbitts
Sat Jul 26, 2014 11:49 am
 
Forum: Personal Consumer Issues
Topic: Mileage Reimbursement or Company Car?
Replies: 17
Views: 1013

Re: Public Speaking-help

Go to Toastmasters for the long term. For the short term, engage the "owner" of the meeting, tell him/her you want to be sure your content is on target, will they review it ahead of time? In my experience, Dale Carnegie is expensive and much less effective than a good Toastmasters' Club o...
by tibbitts
Sat Jul 26, 2014 1:10 am
 
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 4956

Re: Public Speaking-help

I think you should delegate the presentation. You can be on hand to help out.
by tibbitts
Sat Jul 26, 2014 12:55 am
 
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 4956

Re: Advice wanted on first computer purchase since 1982!

Go to the apple store and pick up a new 17" macbook pro. Oh wait, you can't. Work supplies me with a 15" macbook pro, i7, 8gb. It's nice, and fine if you really just want a computer that you plug into giant destkop monitors, but 17" is nicer if you actually want to use it on your lap....
by tibbitts
Thu Jul 24, 2014 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Advice wanted on first computer purchase since 1982!
Replies: 105
Views: 6628

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'...
by tibbitts
Thu Jul 24, 2014 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I manage a new CC?
Replies: 13
Views: 1072

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

My only suggestion is to avoid two homes. You can travel more to make up for not having the second home. I know that sometimes you sort of fall into owning a second home and it may be be convenient to sell it, at least in the short run. Or you might buy a second home early for various reasons, in pr...
by tibbitts
Wed Jul 23, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6384

Re: Can it be wrong to be too risk averse?

... He points out that a loss of principal is a lot bigger problem to his long term investment goals for retirement, than missing out on a higher rate of return. ... Respectfully disagree. This is a faulty assumption, as his bonds are losing against inflation. Any investment philosophy based on a f...
by tibbitts
Wed Jul 23, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2408

Re: Evaluating Vanguard CFP Recommendations

My thinking is that if you know enough to criticize the plan, you don't need the plan. It's always been my feeling that VG can't win here. They used to recommend a mix of passive and active funds, and we didn't like that. They recommended funds-of-funds (Diversified Equity), and we didn't like that....
by tibbitts
Wed Jul 23, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Evaluating Vanguard CFP Recommendations
Replies: 23
Views: 1829
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