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Re: Selling duds. Righting the ship after firing FA.

You are going to find very few on this site who will invest in individual stocks and they will be shouted down by the rest of us. (in a nice way hopefully). Because there is no tax penalty, almost all of us will tell you to sell all of the individual stocks in your 401k immediately and buy a low cos...
by tractorguy
Wed Jan 21, 2015 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling duds. Righting the ship after firing FA.
Replies: 4
Views: 733

Re: What is the international portion of your portfolio and

I find these kinds of statements so fascinating coming from Bogleheads ... on the one hand, a belief that you can't outsmart the market and that the market is relatively efficient, but, at the exact same time, a conflicting belief that somehow the markets can't gauge geographical, political or econ...
by tractorguy
Mon Jan 19, 2015 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 132
Views: 9883

Re: What is the international portion of your portfolio and

My stock international exposure is 20% and all of my bonds are in my home country (U.S.). I am aware that this is lower than market weight would indicate but it is intentionally so. If I was planning to retire in a country that didn't have its currency as the world's defacto trading currency and tha...
by tractorguy
Fri Jan 16, 2015 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 132
Views: 9883

Re: Getting out of Edward Jones ...

I'm going to add another vote to transferring in kind ASAP. When I did this with an inherited estate, I did it as a 4 step process. 1) Talk to Vanguard and have them initiate the paperwork to transfer everything in kind. You don't need to give your EJ broker an opportunity to beg you to stay by talk...
by tractorguy
Tue Jan 13, 2015 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting out of Edward Jones ...
Replies: 25
Views: 2611

Re: Edward Jones Fees

You said: Fund is composed of municipal funds and stocks This could mean that you own one or more mutual funds that specialize in municipal bonds and stocks or it could mean that Edward Jones has acted as your broker and you own individual bonds and stocks. Which one is it? If you own mutual funds, ...
by tractorguy
Tue Jan 13, 2015 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Fees
Replies: 24
Views: 2101

Quicken Premier 2015 available from Amazon for $49.99

I realize that many here don't use it, but for those who do, Amazon is showing Quicken Premier 2015 (the version you need to track investments) available for 49.99. This is about 1/2 the price it was listed at when it came out. Prices apparently dropped about $20.00 around New Years. My 2012 version...
by tractorguy
Sun Jan 11, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 2015 available from Amazon for $49.99
Replies: 2
Views: 480

Re: Just left meeting with my advisor....

I'm going to add to the chorus that's telling you to run away from your adviser. I'm self directing a portfolio that's larger than yours with most of my assets in Vanguard index funds. If it wasn't for capital gains tax, they'd all be in index funds. I've got a 64% equity, 36% bond investments and h...
by tractorguy
Fri Jan 09, 2015 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Just left meeting with my advisor....
Replies: 57
Views: 7776

Re: Feeling a bit lost...should we buy a house?

I don't know about Europe. Studies I've seen for the U.S. show that average home prices basically follow inflation but with huge standard deviation based on which local city you look at and when you look at it. So, buying a house now, you would be making an investment that had an expected value of b...
by tractorguy
Tue Dec 30, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling a bit lost...should we buy a house?
Replies: 17
Views: 2893

Re: Facebook is Outrageous

This interesting discussion on the value of Facebook just reinforces my view that indexing is the only way to have high assurance that I'll get to participate in the next great spurt of technology driven wealth generation. Every generation seems to have one and they all seem to be in a brand new fie...
by tractorguy
Mon Dec 29, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 9868

Re: butterflies investing $500K

I've learned in the last 30 years that the really bad investment decisions are made in panic. So, IMOP, you should put together an ISP when you are calm and then implement the plan. If you are nervous about investing a 500K lump sum, then by all means dollar cost in over a year or so. In theory, you...
by tractorguy
Sat Dec 27, 2014 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: butterflies investing $500K
Replies: 28
Views: 3777

Re: new computer for wireless network

To expand on what others have said, once its set up you don't need to physically connect anything to the router. A wired connection is still faster than wireless but this doesn't mean much unless you're into streaming movies and playing on line games simultaneously. A wired connection is also theore...
by tractorguy
Mon Dec 22, 2014 9:28 am
 
Forum: Personal Consumer Issues
Topic: new computer for wireless network
Replies: 22
Views: 1655

Re: Withdrawing from Mom's Investments

IMOP, the schedule for withdrawals probably isn't as important as deciding on a plan, writing it down and sticking to it. Its much better to put together the plan now when stress is low than to be in a down year and agonizing over the decision. Do a mind experiment on the plan to see if you and your...
by tractorguy
Sun Dec 21, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawing from Mom's Investments
Replies: 9
Views: 1145

Re: Looking to move inheritance from high-fee advisor

When I had a similar size inheritance from my mother, I did this in 4 steps. 1) Turn off auto re-investment immediately at the current broker. There is no point in putting more money in to funds you're going to sell (and possibly incuring loads) so that you can pay capital gains taxes on them when y...
by tractorguy
Fri Dec 19, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to move inheritance from high-fee advisor
Replies: 30
Views: 3062

Re: Quick ?? RE 100k investment

Why don't you just apply it to your downpayment? I doubt a 5-7 year CD would offer a higher rate than your mortgage. It's also unlikely you'll find any other risk-free investments that have a higher rate. SAM My apologies for the ambiguity. I already bought the second house before I sold the first ...
by tractorguy
Thu Dec 18, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quick ?? RE 100k investment
Replies: 5
Views: 557

Re: Why a Boglehead doesn't invest in individual companies?

Continuing my journey to becoming a Boglehead, I want to know why you don't invest in individual companies? High risk the only reason? The problem is that most stocks are losers . A chart from this Chase whitepaper: http://i57.tinypic.com/osz5hi.png This is the performance of individual stocks in t...
by tractorguy
Thu Dec 18, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 15623

Re: Managing a windfall & fixing my high-fee portfolio

You should be able to improve your portfolio in a 4 step process. Step 0: If you have not done so, call your adviser today and tell them to suspend reinvestment of any dividends in all of your funds. There is no point in putting more money in to them so that you can then turn around and pay short te...
by tractorguy
Tue Dec 16, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing a windfall & fixing my high-fee portfolio
Replies: 21
Views: 3413

Re: Paying Estimated Taxes, Due Date, Paying Monthly/Online?

I've got online accounts set up at both the federal and state IRS. When I do my yearly taxes, I go ahead and figure out what my minimum withholding will be to avoid a penalty for the next year, log on to the IRS online accounts, and set up 4 quarterly withdrawals from my bank checking account to the...
by tractorguy
Tue Dec 16, 2014 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes, Due Date, Paying Monthly/Online?
Replies: 17
Views: 1782

Re: What is a move-up car after mid-size sedan?

If you haven't been lusting after a particular car all the time you've been building up your nest egg then you probably won't get much joy out of getting an "upscale" model for the sake of having a luxury brand. My spouse is like that. To her, a car is an appliance that gets her to the thi...
by tractorguy
Mon Dec 15, 2014 12:39 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4168

Re: How to automatically transfer tenants rent to my account

PNC bank allows auto bill paying from one private account to another and has done so for at least 8 years. That is how I was paying my daughter's allowance when she was a freshman in college. I got tired of remembering to transfer the money to her account every month and she was living close enough ...
by tractorguy
Thu Dec 11, 2014 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to automatically transfer tenants rent to my account?
Replies: 22
Views: 2084

Re: Leaving my job. Moving to Shanghai. Help with finances!

Check with your partner's company to find out if what (if any) benefits they provide for married trailing spouses. My former company paid for medical benefits, home leave (one round trip air ticket to the city you left from), extra life insurance, and some other things for the spouse of the employee...
by tractorguy
Wed Dec 10, 2014 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving my job. Moving to Shanghai. Help with finances!
Replies: 24
Views: 3124

Re: Who Paid for the wedding?

I paid for my 27 year old daughter's wedding in Cambridge Mass. this year (not a cheap area). With a sit down dinner for about 100 it came to a little over $18K. I think this was more than reasonable for a wonderful party that a lot of my good friends were invited to. This is the third of four daugh...
by tractorguy
Mon Dec 08, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6698

Re: I'm scared - online hacking

Let's put this into perspective. The Sony hack appears to be done by the same nation state that invaded South Korea in 1950 and started a 3 year shooting war that has never officially ended. Although the attack on Sony is certainly very frustrating for Sony's employees and customers and has a good c...
by tractorguy
Sat Dec 06, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: I'm scared - online hacking
Replies: 44
Views: 5082

Re: Suddenly Retired, do I have enough?

If I understand your numbers right, you're expecting to spend about $120K/year with an aftertax income of about 84K/year from your annuities and pensions. This leaves a shortfall of about $36K/year that will have to be made up from investments. On a $1.25M portfolio, this is about 2.9% which is much...
by tractorguy
Sat Dec 06, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 6931

Re: Performance Graphs [Help with fund choices]

Although many on this board won't admit it, the funds you have picked aren't that bad. I just skimmed their entries on Morningstar & I think all of them are no load & have expense ratios below the industry average. You could have done much, much worse. In my experience, the problem with acti...
by tractorguy
Thu Nov 27, 2014 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Performance Graphs [Help with fund choices]
Replies: 45
Views: 4352

Re: smartphone over wifi - still possible?

I recently switched from AT&T to Consumer Cellular and my phone bill was cut in half. We have one smart phone in the family and one dumb. CC lets you mix and match their voice calling and data plans. The way it works, is you decide how many minutes you need/month and buy that. Then, you decide h...
by tractorguy
Fri Nov 21, 2014 11:00 am
 
Forum: Personal Consumer Issues
Topic: smartphone over wifi - still possible?
Replies: 31
Views: 3058

Re: Anyone use finance s/ware Quicken/MoneyDance etc ?

I've been using Quicken since 1997. My must have features are: 1. Automatic downloads from all my accounts (credit cards, banks, & investments). There is no way I'm going to type all of these transactions into something. 2. Reminders of bill due dates. (see below) 3. Auto characterization of all...
by tractorguy
Sat Nov 08, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use finance s/ware Quicken/MoneyDance etc ?
Replies: 23
Views: 1232

Re: Water Powered Sump-Pump Backups?

The house I'm in had a Basement Watchdog when I bought it 5.5 years ago. The main pump will cycle every time we get a major thunderstorm. I think its run off the battery 3 times in the last 5 years. At least one of those times, the main pump didn't run because the switch for it malfunctioned. I repl...
by tractorguy
Wed Oct 01, 2014 9:00 am
 
Forum: Personal Consumer Issues
Topic: Water Powered Sump-Pump Backups?
Replies: 19
Views: 1112

Re: Where to start work as an engineering major?

Its good that you are asking these questions before you spend a lot more time at school. However, as other posters have said, the most important question you should be asking is what do you like to do and what is your skill set? Everything else will follow. I'm a retired technical manager (Assistant...
by tractorguy
Tue Sep 30, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Where to start work as an engineering major?
Replies: 32
Views: 3099

Re: Vanguard Recommending Quicken Changes

I followed directions for the change using Quicken 2012 Premier on a windows 7 machine with no problems. Have those who hit a stonewall tried re-installing Quicken, installing all Quicken updates, and then following directions from a copy of the backup you made before you started this process? I've ...
by tractorguy
Wed Sep 24, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Recommending Quicken Changes
Replies: 62
Views: 6922

Re: Consulting fees: non working travel time

I am a retired engineer who is also doing some part time consulting for lawyers. I decided to charge full rates for the first 2 hours of travel and half time after that. Charge door to door in 15 minute increments with a 12 hour/day cap. Door to door is home to hotel, or hotel to hotel, or hotel to ...
by tractorguy
Mon Sep 22, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 36
Views: 2594

Re: Home buying questions

re closing costs: There are several on line calculators that will give you an estimate for your particular situation. I'd check a couple of them to get an estimate. Some of these costs will be there even if you pay cash. You have to pay for inspections, title searches, etc. even if you pay cash. I w...
by tractorguy
Sun Sep 21, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buying questions
Replies: 5
Views: 899

Re: Advisor switching companies, self management a possibili

Now is a good time to get your GF to understand what this relationship with her advisor is costing her and where his real interests are. Have her ask the advisor for an idea of what he will do with her money assuming she brings it to him. It is likely that he will want to sell the investments he mad...
by tractorguy
Sun Sep 21, 2014 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Advisor switching companies, self management a possibility
Replies: 14
Views: 1104

Re: Shuffling between TSP, Edward Jones, and Vanguard

I would move my investments with Edward Jones to Vanguard immediately. My parents had accounts with EJ for decades. Not only did EJ make a ton of money from them over the years, but my parents would get phone calls for "portfolio reviews" every six months or so that frequently resulted in ...
by tractorguy
Sat Sep 20, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Shuffling between TSP, Edward Jones, and Vanguard
Replies: 14
Views: 1507

Re: Do you keep paper copies of your investment statements?

I don't get any paper statements so I don't have to worry about keeping or shredding them. I download activity from Vanguard to my Quicken register weekly so have a weekly check to see if anything unexpected happens. I do not look at the monthly statements from Vanguard because I trust that this is ...
by tractorguy
Tue Sep 09, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1992

Re: Good Modern Science Fiction

I like the Takeshi Kovacs series by Richard Morgan. Its not fantasy but the "Science" makes some rather large assumptions re the directions technology is going to go.

I agree that its getting harder to find science fiction that isn't fantasy or a recycle of 30 year old ideas.
by tractorguy
Mon Sep 08, 2014 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 151
Views: 8457

Re: Employer finding out you have a financial cushion?

I think this is going to be highly employer dependent. My experience at a megacorp is that the company bent over backwards to ensure that all promotions and raises were supported by documented performance of the employee. Individual raises were defined by a formula that had as its only inputs perfor...
by tractorguy
Mon Sep 08, 2014 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8748

Re: Why does the stock market "always go up"? Will this pers

I suggest you read, A Splendid Exchange: How Trade Shaped the World by William J. Bernstein (May 14, 2009) . He gives an interesting historical perspective on the differences between the hugely long period of time (think Egypt at the time of the Pharaos) when the economy only grew at the rate of pop...
by tractorguy
Mon Sep 08, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 4149

Re: Take slightly better job if you had to wait 1 year for 4

My answer to your question has two parts. 1) +1 on negotiating a signing bonus to cover the shortfall. I'd go for a higher salary first, then try for a hiring bonus if the salary increase gets turned down. The person who is hiring you or his immediate supervisor probably have authority to grant eith...
by tractorguy
Tue Sep 02, 2014 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take slightly better job if you had to wait 1 year for 401k?
Replies: 19
Views: 951

Re: Advice on job opportunity abroad: taxes, cost of living,

IMOP, you're being offered a lousy deal. Your company is avoiding all risk of hiring an unknown local and not compensating you for the taking the risk of pulling up stakes and moving to a foreign country. I was an expat in the UK and Japan for a U.S. multinational for 10 years, returning in 2008. My...
by tractorguy
Mon Sep 01, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on job opportunity abroad: taxes, cost of living, etc
Replies: 13
Views: 1377

Re: Best way to control someones account.

Before setting up trust, I suggest you also talk to a CPA re taxes (both income and inheritance). My parents set up education trusts to partially cover my daughters college tuition. As administrator I had to do the federal and state income tax every year. My impression was that the tax rates for tru...
by tractorguy
Tue Aug 19, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to control someones account.
Replies: 22
Views: 1930

Re: “The more I learn, the more I realize how much I don't k

I also like your asset allocation but the more important thing is what you will think about it in the next downturn. Were you invested in 2008? During the drop, did you sell stocks, leave it alone, or buy more because they were cheap? Your behaviour during 2008-2010 is a good predictor of your behav...
by tractorguy
Fri Aug 15, 2014 7:53 am
 
Forum: Investing - Help with Personal Investments
Topic: “The more I learn, the more I realize how much I don't know"
Replies: 18
Views: 1961

Re: Poll - Do you use Quicken?

I use Quicken on a Windows 7 machine to both track investments and to remind me when to pay utility and CC bills. I log in once a week, take care of bill paying reminders, and then auto download bank, credit card, and investment account updates. Most weeks this takes 15 minutes. At the beginning of ...
by tractorguy
Sat Aug 09, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5702

Re: How many Accounts do you log into and how do you manage?

I have no idea how many active accounts & passwords I have but its well over 100. Monthly, I only check about a dozen to pay bills and check status (2 credit cards, 2 banks, 2 brokerage houses, 3 utilities, etc.).However, everything from the newspaper to hotels.com to frequent flier programs to ...
by tractorguy
Thu Aug 07, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 3105

Re: Options for "mortgage pre-payment plan"

+1 on paying all of your "fund" towards your mortgage immediately. You'll reduce your loan balance and interest cost the day your payment is credited to your account. If you've decided that you want to pay it down there is no reason to let your money sit in a bank that is paying less inter...
by tractorguy
Fri Aug 01, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options for "mortgage pre-payment plan"
Replies: 17
Views: 1245

Re: Vanguard not vigilant about taxes?

I can't tell what the OP is expecting Vanguard to do. The funds I invest in all have objectives that are a variant on "invest companies to reflect a market index and match the returns of the index." None of them have the proviso "except when mergers or buyouts affect capital gains tax...
by tractorguy
Wed Jul 23, 2014 4:32 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard not vigilant about taxes?
Replies: 15
Views: 1803

Re: Intimidated by Trustee and Investment Advisor

I'm not a lawyer but have had to deal with a trust when my father died. My mother was the trustee and the financial advisor was Edward Jones. I don't particularly like Edward Jones fee structure but they at least were totally professional and transparent about the investments and who owned them. IMO...
by tractorguy
Mon Jul 21, 2014 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 4189

Re: Which kind of bike for recent retiree?

There are so many bike styles out there because each one appeals to a different kind of rider. We have many bike shops along the Fox River trail (western Chicago Suburb) that let you rent bikes for a day to ride on the trail. If I were just getting restarted, I'd probably rent one and take it out fo...
by tractorguy
Mon Jul 21, 2014 11:09 am
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 3020

Re: Buying a camper

We had a pop up trailer for 5 years when our children were younger. Took it everyplace from Florida to Idaho and I can't say that I ever felt that set up times were too much of an issue. It was usually a dead heat between me getting the trailer torn down in the morning and my spouse getting the 4 gi...
by tractorguy
Tue Jul 15, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2928

Re: Allstate's Drivewise Program

I've been using drivewise for a few years. I save 13% on my car (which I use for about 6500 miles/year), pay full rates on spouses car which we put 16500 miles on per year. As the other poster said, Drivewise monitors mileage, hard braking, events of speed over 80, and time of day you're driving. My...
by tractorguy
Tue Jul 15, 2014 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Allstate's Drivewise Program
Replies: 3
Views: 769

Re: Two month car rental

I rented a Cruze for 3 weeks in California. I wouldn't do it again. My back started hurting the second day of driving and didn't stop until I was home for 3 days. The seats don't have any lower back support and I couldn't get it adjusted to get comfortable. I talked to a neighbor who used to be a GM...
by tractorguy
Wed Jul 02, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Two month car rental
Replies: 28
Views: 2112
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