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Re: How to become a millionaire retiree -- then and now

Also, Ideally most people's income rises as they get more experience and promotions. That makes saving even easier. That's the biggest change I've seen during the past thirty-plus years. Salaries now grow more slowly, if at all, and top out much sooner, for the typical person, than before. It used ...
by tibbitts
Sun Aug 31, 2014 9:42 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 41
Views: 3689

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

This falls into the category of what we called chicken**** where I grew up. Call up your congressman's office and complain through them. I used to work for the government, (not the IRS), and inquiries from congressional and senate offices on behalf of clients got special attention with special tags...
by tibbitts
Sun Aug 31, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 48
Views: 5934

Re: Why invest in bonds?

Were you also making this argument in, say, 2007?
by tibbitts
Sun Aug 31, 2014 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 55
Views: 2645

Re: How to become a millionaire retiree -- then and now

If I would have listened to the prevailing attitudes that proclaimed lower returns where forthcoming I would not be a millionaire. No one knows what the future has in store. What predictions were these? When where they made? I don't recall a time when there was such a large consensus regarding lowe...
by tibbitts
Sun Aug 31, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 41
Views: 3689

Re: Why invest in foreign funds?

I would turn the question around and ask, "Why not invest in foreign funds?" I can think of two reasons: First, if you live in the US, it is the US market you have to keep up with. If US stocks go up then US housing prices may also be buoyed up by it. In this situation if half your invest...
by tibbitts
Sun Aug 31, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in foreign funds?
Replies: 22
Views: 1156

Re: Protfollio Allocation Advice

I have a very high tolerance for risk and I want my retirement investments to reflect. I don't mind big swings in my portfolio balance if it increases my long term potential for greater returns. I want a portfolio that will match the S&P 500 if not beat it. I'm just guessing but I think what yo...
by tibbitts
Sun Aug 31, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Protfollio Allocation Advice
Replies: 13
Views: 612

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

My assumption is that the OP would be investing in RE somewhere outside of the US, which might introduce risks that we might not usually think about in terms of US RE. Those might include non-insurable risks, like acts of war, political confiscation, etc. International REITs! Not every country has ...
by tibbitts
Sun Aug 31, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 38
Views: 4883

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

My assumption is that the OP would be investing in RE somewhere outside of the US, which might introduce risks that we might not usually think about in terms of US RE. Those might include non-insurable risks, like acts of war, political confiscation, etc.
by tibbitts
Sat Aug 30, 2014 9:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 38
Views: 4883

Re: Costco:is it worth it for just two people?

With the nearest store that I know of a four hundred mile round trip, definitely not worthwhile for me.
by tibbitts
Sat Aug 30, 2014 4:07 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 94
Views: 4823

Re: Financial Planners, DFA, and your opinions please!

Three thoughts: 1. I think you haven't fully accepted the fact that an adviser with countless degrees and certifications, DFA, etc. is not particularly likely to improve your results or even help you avoid mistakes vs. some plan you come up with yourself by investing a couple of hours per year. 2. O...
by tibbitts
Sat Aug 30, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Planners, DFA, and your opinions please!
Replies: 25
Views: 887

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

I am 29 years old, and I currently have a 65 stock 45 bond asset allocation on my Vanguard portfolio. :confused I'd at least reduce the bonds to 35%. We tend to forget that for a long time, 60/40 or 65/35 was considered pretty reasonable for almost anyone at any age. VG, for example, offered STAR a...
by tibbitts
Sat Aug 30, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 38
Views: 4883

Re: Interest rates, Bonds and Fed

This subject is regarding bonds. I am relatively new to Bonds and bond funds (although I have traded equities over the years and have a basic understanding of bonds). I have an interest in buying Bonds to balance a portfolio but both the yields are low now and the value of any bond seems poised to ...
by tibbitts
Thu Aug 28, 2014 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: Interest rates, Bonds and Fed
Replies: 14
Views: 1285

Re: New home worth the extra $$?

If a home is truly new, as is not completed construction, you can pay for upgrades that will pay off in the long run and would be too expensive to add after building. But the value of that partly depends on whether you plan to remain in the house for a reasonable period.
by tibbitts
Tue Aug 26, 2014 8:39 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1740

Re: Auto accident today

Hitting another car wasn't even close to the biggest mistake you've made today. Hitting the other car was just a mistake, not stupid. Mistakes aren't entirely avoidable - sometimes they just happen. But not using your insurance was amazingly stupid.
by tibbitts
Tue Aug 26, 2014 8:54 am
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2571

Re: Arches-Bryce-Zion road trip: Where to stay?

My wife and I are heading out on on a road trip to see Canyonlands and Arches and then move on to Bryce and Zion. It's kind of a spur of the moment trip and will be our first visit to these areas. We would appreciate your recommendations for lodging. If you mean immediately or including the upcomin...
by tibbitts
Tue Aug 26, 2014 8:42 am
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1026

Re: What 5 stocks can I own forever?

While I agree that forever is a long time, recall that General Electric is the one and only company to be listed on the Dow 30 since 1926! Plus, with it's incredibly wide range and diverse businesses as well as strong management, it should be solid for a long time. I should have checked the dates.....
by tibbitts
Mon Aug 25, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: What 5 stocks can I own forever?
Replies: 58
Views: 4427

Re: I need "Ultra High Net Worth" investing advice please

Like (almost?) everyone else who's responding, I'll never have anywhere near $50MM. But I'll comment anyway: 1. Regarding the OP being proven to be able to assemble a "A-team", we don't know if the OP's "A-team" took a $5MM idea and turned it into $50MM, or a $500MM idea, and tur...
by tibbitts
Sun Aug 24, 2014 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15315

Re: Buy & Hold Forever Blue Chip Stocks???

In all fairness, the OP said buying and holding FOREVER, not trading. Better to eliminate tech growth stocks and look at steady dividend-paying stocks for this to work OK. Having 100 shares of Exxon-Mobil would definitely not ruin my day... Holding forever is obviously a flawed idea; you have to ha...
by tibbitts
Sun Aug 24, 2014 3:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3797

Re: Buy & Hold Forever Blue Chip Stocks???

Poll for the group.... if you have $20,000 to play with, and HAD to pick <10 stocks to buy and hold forever, which one would you choose? I have: PG MRK AAPL GOOG DIS HD .... ? Boeing ? JNJ ? Wells Fargo Any thoughts? I realize I'm missing financial sector, but that's intentional after 2008 crisis d...
by tibbitts
Sun Aug 24, 2014 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3797

Re: Chase Freedom reward changes in 2016

tj wrote:I'm still getting the 10 bonus points per transaction.

Not surprising. Selective grandfathering seems to be deeply rooted in Chase's tradition.
by tibbitts
Sun Aug 24, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 3425

Re: Buy & Hold Forever Blue Chip Stocks???

Poll for the group.... if you have $20,000 to play with, and HAD to pick <10 stocks to buy and hold forever, which one would you choose? I have: PG MRK AAPL GOOG DIS HD .... ? Boeing ? JNJ ? Wells Fargo Any thoughts? I realize I'm missing financial sector, but that's intentional after 2008 crisis d...
by tibbitts
Sun Aug 24, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3797

Re: Buy & Hold Forever Blue Chip Stocks???

Thank you all for the replies. So... the consensus here is a personal investor should NEVER include stocks in their taxable portfolio? I would think there is an inherent bias within this very esteemed forum away from stocks... But is this correct? I did some quick research, and compared the results...
by tibbitts
Sun Aug 24, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3797

Re: Should I fix a "totaled" car

I don't see any appeal to fixing the car, unless it has some sort of sentimental value, or fixing it yourself would be a hobby activity. I happened to see a CPO 2010 GLS at a local Hyundai dealer with 60k miles; they were only asking $9.7k so you could probably buy it for less. Unless there's someth...
by tibbitts
Sun Aug 24, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 32
Views: 2158

Re: Paul Krugman's "Hawks Crying Wolf"

Paul Krugman wrote an interesting article this weekend about some members of the Fed protesting a bit too much about the threat of inflation - and being continually wrong for the past six years. But I'm afraid I'm not quite sure of his point. What do the Bogleheads think of this article? Is Krugman...
by tibbitts
Sun Aug 24, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: Paul Krugman's "Hawks Crying Wolf"
Replies: 5
Views: 1115

Re: Tipping tradespeople

I wouldn't tip in that situation unless there was some beyond-the-scope work performed.
by tibbitts
Sun Aug 24, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Tipping tradespeople [rain gutter installers]
Replies: 27
Views: 2334

Re: Chase Freedom reward changes in 2016

"the discontinuation of paper checks" No cash back is a deal breaker for me. I need my Nana money. When I was told CHASE would discontinue their rewards check, I put on my things to-do-to list to find another card to supplement my Am Ex (Costco) card. Ideas? Don't they allow you to take t...
by tibbitts
Sat Aug 23, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 3425

Re: Chase Freedom reward changes in 2016

Yes, but as far as we know, a select group of cardholders (not me) are still receiving vastly more favorable benefits from decade-old programs. So if the pattern holds, some people will be grandfathered forever, the rest of us will complain that we don't get such preferential treatment, and the gra...
by tibbitts
Sat Aug 23, 2014 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 3425

Re: Chase Freedom reward changes in 2016

Yes, but as far as we know, a select group of cardholders (not me) are still receiving vastly more favorable benefits from decade-old programs. So if the pattern holds, some people will be grandfathered forever, the rest of us will complain that we don't get such preferential treatment, and the gran...
by tibbitts
Sat Aug 23, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 3425

Re: Want to buy a used Mini Cooper-> Talk me into it?

MINI's reliability (especially non-S) is not poor. It is not as good as honda/toyota, but it is not as bad as a Triumph either.. Can't say I agree. Looking at Consumer Reports, the Mini Cooper and Mini Cooper S have worst and next-to-worst overall reliability ratings as far as the eye can see (from...
by tibbitts
Fri Aug 22, 2014 8:46 am
 
Forum: Personal Consumer Issues
Topic: Want to buy a used Mini Cooper-> Talk me into it?
Replies: 25
Views: 1714

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: 3199

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: 112
Views: 8714

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: 112
Views: 8714

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: 3199

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: 2349

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: 739

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: 112
Views: 8714

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: 112
Views: 8714

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: 112
Views: 8714

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: 112
Views: 8714

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: 960

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: 112
Views: 8714

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: 707

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: 752

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: 2062

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: 2062

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: 2062

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: 1370

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: 1370

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: 73
Views: 4749

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: 73
Views: 4749
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