Search found 3178 matches

by Munir
Sun Mar 10, 2024 12:26 pm
Forum: Personal Investments
Topic: Inherited IRA Rule Clarification
Replies: 10
Views: 1029

Re: Inherited IRA Rule Clarification

What clarification? :confused Are we waiting for a clarification of the clarification to the original clarification- and counting :happy ?
by Munir
Fri Mar 08, 2024 3:24 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard so bullish on international exposure in their all-in-one funds?
Replies: 77
Views: 6911

Re: Why is Vanguard so bullish on international exposure in their all-in-one funds?

There are theoretical reasons for owning International especially to increase diversification. Where does this diversification boundary reach its limit and what other sectors should one keep buying to be "all-inclusive" in addition to national and international equities? US holdings only have proven satisfactory and sufficient for me.
by Munir
Tue Mar 05, 2024 2:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Mega-thread
Replies: 1514
Views: 169528

Re: Vanguard Flagship calls

FYI. I called VG today regarding some discrepancies on my tax form, after going thru the menu I was expecting a long wait especially since it was tax season, but I was pleasantly surprised (shocked!) that someone picked up the line within about 30-seconds. Based on the person I was talking to at VG, my call was on a "priority" list since I am a flagship member. He said that flagship call priority answering was on-again off-again but for now at least it is ON. I just called the regular contact phone number on their website. And he said he was familiar with the Bogleheads forum. I'm not surprised. I get excellent customer service from Vanguard when I call and have for at least the last several years. Like most things in life, you g...
by Munir
Thu Jan 25, 2024 4:15 pm
Forum: US Chapters
Topic: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
Replies: 429
Views: 43350

Re: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂

Congratulations, Taylor. Today, you turned 100 (initially I typed 1000 !) What you have contributed to the investment community, the Vanguard family, and especially to newbies like me has been precious.Thank you.
by Munir
Thu Jan 25, 2024 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Washington Post: "That 'free' annual checkup might cost you"
Replies: 112
Views: 11918

Re: Washington Post: "That 'free' annual checkup might cost you"

As a retired physician, I am now convinced that our medical care system needs to change to Medicare for All. Get rid of the medical insurance companies. Their purpose is to make money for shareholders and not service to patients. The non-profits call their profit "retained earnings".
by Munir
Wed Jan 10, 2024 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you bank and why? 2024 Edition
Replies: 113
Views: 15431

Re: Where do you bank and why? 2024 Edition

Umpqua Bank, Oregon, and Marcus at Goldman Sachs.
by Munir
Fri Jan 05, 2024 9:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 129
Views: 15259

Re: Vanguard: "Important: We've been unable to reach you by email"

Any email I receive with the sentence "we've been trying to reach you" is spam until proven otherwise. I can always be reached by phone or by US mail to validate questionable emails. Or even better, call the sender organization and check if there really is an issue or not. I've never received an email from Vanguard with that message.
by Munir
Fri Dec 29, 2023 9:52 pm
Forum: Personal Investments
Topic: Vanguard closing mutual fund prices for Dec 29?
Replies: 168
Views: 38428

Re: Vanguard closing mutual fund prices for Dec 29?

Since in addition to the weekend, Monday is a holiday, will the dividends and interest earned etc all be included in the values on the web site for the personal accounts before Tuesday morning?
by Munir
Sat Dec 09, 2023 7:39 pm
Forum: Personal Investments
Topic: VBTLX - Am I looking at this fund incorrectly for long term investing?
Replies: 60
Views: 8662

Re: VBTLX - Am I looking at this fund incorrectly for long term investing?

I am an 86 year old widower retiree. I dropped VBTLX 2-3 years ago when bond funds like it started tanking. I have kept the fixed income portion of my portfolio in a Vanguard MM fund (55%) and the equity portion in VTSAX (45%). They both are in a TIRA. The VTSAX segment is for my heirs and I don't touch it. The MM fund is for my personal living expenses. For my age and expected longevity, this feels like a comfortable portfolio.
by Munir
Sun Nov 12, 2023 7:54 pm
Forum: Personal Investments
Topic: What’s up with TIPS funds?
Replies: 87
Views: 10541

Re: What’s up with TIPS funds?

watchnerd wrote: Sun Nov 12, 2023 7:49 pm
Munir wrote: Sun Nov 12, 2023 7:16 pm I think many of us assumed that TIPS "protects" one from inflation as advertisements tell us. In fact, they may, or may not, have a better track record compared to nominal bond funds would have been a more accurate statement. Is this correct?
"may or may not"?

I wouldn't put it that way.

In the event of unexpected inflation, TIPS will mathematically give a higher return than nominal bonds.

That's what you're buying.

And that's exactly what we have seen in recent conditions.

If inflation is exactly as expected, it's a tie. And if inflation is less than expected, nominal bonds will do better.
Thank you.
by Munir
Sun Nov 12, 2023 7:16 pm
Forum: Personal Investments
Topic: What’s up with TIPS funds?
Replies: 87
Views: 10541

Re: What’s up with TIPS funds?

I think many of us assumed that TIPS "protects" one from inflation as advertisements tell us. In fact, they may, or may not, have a better track record compared to nominal bond funds would have been a more accurate statement. Is this correct?
by Munir
Sun Nov 12, 2023 2:23 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Income Options in retirement years 1-5
Replies: 19
Views: 4239

Re: "Safe" Income Options in retirement years 1-5

For a $125K portfolio of 1-5 years, I would want to avoid bookkeeping and transfer hassles by leaving it in a Vanguard Money Market fund (for now) such as VUSXX or VMFFX.
by Munir
Sat Nov 11, 2023 1:04 pm
Forum: Investing - Theory, News & General
Topic: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)
Replies: 9
Views: 1585

Re: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)

Title corrected (I think). Thank you for pointing it out.
by Munir
Sat Nov 11, 2023 12:26 pm
Forum: Investing - Theory, News & General
Topic: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)
Replies: 9
Views: 1585

Re: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)

Thank you for all the detailed responses. I did transfer to VMFXX.
by Munir
Thu Nov 09, 2023 3:26 pm
Forum: Investing - Theory, News & General
Topic: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)
Replies: 9
Views: 1585

Re: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)

DOC: can you be more clear and concise in your reply? Did you mean to say "no"?
by Munir
Thu Nov 09, 2023 3:00 pm
Forum: Investing - Theory, News & General
Topic: VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)
Replies: 9
Views: 1585

VUSXX vs. VMFXX in A Traditional IRA (State Taxes Not an Issue)

Is there any drawback to having the settlement fund (VMFXX) act as my main MMFund in a brokerage traditional IRA over using VUSXX which needs to have outgoing funds go through VMFXX anyway thus adding an extra step and more numbers to deal with? For the sake of simplicity, it makes sense to have one MM fund. State taxes are not an issue since these funds are in a traditional IRA.
by Munir
Fri Oct 13, 2023 4:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard -- "Are Bonds a Good Investment Right Now?
Replies: 66
Views: 14824

Re: Vanguard -- "Are Bonds a Good Investment Right Now?

A word of caution. Be careful not to sound like the band that kept playing while the Titanic was sinking. Maybe it all depends on one's time horizon.
by Munir
Tue Oct 10, 2023 3:56 pm
Forum: Investing - Theory, News & General
Topic: Money Markets Can Replace All Fixed Income - Bengen
Replies: 45
Views: 7166

Re: Money Markets Can Replace All Fixed Income - Bengen

I'm a retiree in the distribution phase. My portfolio is mostly in my Traditional IRA and consists of Total Stock Market Index (VTSAX) and Vanguard US Treasury MM (VUSXX).
by Munir
Sat Sep 23, 2023 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 78
Views: 12344

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

Boglenaut wrote: Sat Sep 23, 2023 1:51 pm
Munir wrote: Fri Sep 22, 2023 11:57 pm
Boglenaut wrote: Fri Sep 22, 2023 11:30 pm
Munir wrote: Thu Apr 08, 2021 10:20 pm This is starting to sound like a Fidelity Forum :happy . Remember folks, we are BOGLEHEADS.
So?
Wow. A quote from back in April 2021. I'm speechless.
I just read it on an active thread. Really, you prefer I talk about Vanguard's horrible customer service and web design?

Bogleheads <> Vanguard
I agree with you on their web design but I don't use their services since I invest in two funds only and rarely change them. So I cannot assess their personal service. I like their low fees and simplicity (for me). I've been a Vanguard customer for 40 years if my memory serves me right (I'm 86).
by Munir
Fri Sep 22, 2023 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 78
Views: 12344

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

Boglenaut wrote: Fri Sep 22, 2023 11:30 pm
Munir wrote: Thu Apr 08, 2021 10:20 pm This is starting to sound like a Fidelity Forum :happy . Remember folks, we are BOGLEHEADS.
So?
Wow. A quote from back in April 2021. I'm speechless.
by Munir
Fri Sep 22, 2023 12:22 pm
Forum: Investing - Theory, News & General
Topic: Why wouldn't you at least temporarily choose a high interest account over a total bond fund?
Replies: 27
Views: 3127

Re: Why wouldn't you at least temporarily choose a high interest account over a total bond fund?

LeftCoastIV wrote: Fri Sep 22, 2023 11:46 am In my view, fixed income investing is about which risks you are willing to accept and which risks you want to avoid.

We buy 6 month t bills.

I accept reinvestment risk in order to avoid duration risk.
This. :happy
by Munir
Mon Sep 11, 2023 11:45 pm
Forum: Personal Investments
Topic: VBIAX. Why not?
Replies: 70
Views: 11566

Re: VBIAX. Why not?

You see it if you do this: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2021&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfol...
by Munir
Mon Sep 11, 2023 12:25 pm
Forum: Personal Investments
Topic: VBIAX. Why not?
Replies: 70
Views: 11566

Re: VBIAX. Why not?

I too like VBIAX. I wonder how it compares with a 60:40 VTSAX/VUSXX (Treasury MMF) portfolio- maybe on a short-term basis? Portfolio Visualizer suggests CAHSX for short-term Treas. (I can't get VUSXX to work for longer-term comparison). https://i.postimg.cc/qMJw1zpw/no-VUSXX.gif So here's Vanguard Balanced vs. TSM/CASHX 60/40. VBIAX = blue line VTSAX + CASHX = red line https://i.postimg.cc/dtwHg5j8/Blanced-vs-Treas.gif Since the equity part of these two portfolios is identical or near identical, one can conclude that difference in performance is due to the fixed income segment. The cash is supposed to have performed better in the last 1-2 years or so over intermediate bonds, but I don't see it showing in the graph. What am I missing?
by Munir
Sat Sep 09, 2023 6:20 am
Forum: Personal Investments
Topic: VBIAX. Why not?
Replies: 70
Views: 11566

Re: VBIAX. Why not?

I too like VBIAX. I wonder how it compares with a 60:40 VTSAX/VUSXX (Treasury MMF) portfolio- maybe on a short-term basis?
by Munir
Fri Sep 01, 2023 6:02 pm
Forum: Investing - Theory, News & General
Topic: Cash is a terrible long-term investment
Replies: 369
Views: 40296

Re: Cash is a terrible long-term investment

dogagility wrote: Fri Sep 01, 2023 5:50 pm
Munir wrote: Fri Sep 01, 2023 3:42 pm I am 86 years old with limited spending habits and my health is marginal. Yes, I sleep well at night (and during the day too) :happy .
I can only hope to be you one day. :beer
Thank you.

Munir
by Munir
Fri Sep 01, 2023 3:42 pm
Forum: Investing - Theory, News & General
Topic: Cash is a terrible long-term investment
Replies: 369
Views: 40296

Re: Cash is a terrible long-term investment

Mopar440 wrote: Fri Sep 01, 2023 5:50 am +1 for Claudia Whitten
I agree with Caudia and with Mopar. Actually, I have ended up with two buckets: one is all Total Stock Market Index fund (45% of portfolio) for my heirs and the remaining 55% is cash (VUSXX at this time) for me to use in my lifetime as needed. I am 86 years old with limited spending habits and my health is marginal. Yes, I sleep well at night (and during the day too) :happy .
by Munir
Mon Aug 28, 2023 3:38 pm
Forum: Personal Investments
Topic: Money Market Funds - VMRXX / VMFXX / VUSXX - Which to invest in?
Replies: 15
Views: 6597

Re: Money Market Funds - VMRXX / VMFXX / VUSXX - Which to invest in?

If the assets in question are all in a traditional IRA, then the issue of state taxes is moot. In such a case, which of the three funds is considered most "safe" in the event of a major market crash?
by Munir
Fri Aug 25, 2023 3:05 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 11152
Views: 2086098

Re: What Movie Have You Recently Watched?

"The Graduate" 1967 and "The Crying Game" 1992. Totally different films, Both very well-done. PS: I will not watch a movie that does not have subtitles. I figure that most people who want to see The Graduate have done so, but just in case, spoiler alert. I saw The Graduate in Francoist Spain. It was a religious country. I couldn’t understand the end of the movie, when Dustin Hoffman rode a bus to the church where his beloved was getting married to someone else, and then, with no intervening exposition (not even a voiceover) he and she were shown beginning their happily ever after. [b ]Revision added to my comments by Munir: Those were the days when love triumphed over everything- especially semi-arranged marriages.I had...
by Munir
Fri Aug 25, 2023 3:00 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 11152
Views: 2086098

Re: What Movie Have You Recently Watched?

Duplicate
by Munir
Fri Aug 25, 2023 2:16 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 11152
Views: 2086098

Re: What Movie Have You Recently Watched?

"The Graduate" 1967 and "The Crying Game" 1992. Totally different films, Both very well-done.

PS: I will not watch a movie that does not have subtitles.
by Munir
Tue Aug 22, 2023 3:23 pm
Forum: Personal Consumer Issues
Topic: Hearing aids from miracle ear
Replies: 6
Views: 742

Re: Hearing aids from miracle ear

When mine work only intermittently, it usually is due to wax causing blockage. You (or the place where you purchased them) usually clean them for free or at least show you how to do it. Mine need it about every 2-3 months.. But if it's due to wax, then I would think they would not come back again "intermittently." Not sure what the actual problem is. Why not? Wax accumulates normally in the ear canal but the rate of accumulation is variable for different individuals. It takes only a small scraping of wax while inserting the hearing aid into the ear to cause blockage of the tubing in the hearing aid. Talk to your hearing aid dealer about it on the phone. It may be a different story if your hearing aids do not have any tubing at all.
by Munir
Tue Aug 22, 2023 1:51 pm
Forum: Personal Consumer Issues
Topic: Hearing aids from miracle ear
Replies: 6
Views: 742

Re: Hearing aids from miracle ear

When mine work only intermittently, it usually is due to wax causing blockage. You (or the place where you purchased them) usually clean them for free or at least show you how to do it. Mine need it about every 2-3 months..
by Munir
Tue Aug 15, 2023 2:51 pm
Forum: Personal Consumer Issues
Topic: Maui Visit - Planning Considerations
Replies: 120
Views: 18367

Re: Maui Visit - Planning Considerations

A catastrophe of this magnitude will leave physical and human scars for many months if not 1-2 years. If one wants to have fun on their vacation, Maui is not the place at this time. Many people have lost their homes, belongings, family members and friends. If one of going there to help rebuild the place is different than someone going for a vacation of '"fun".
by Munir
Tue Aug 01, 2023 4:07 pm
Forum: Personal Investments
Topic: Total bond fund vbtlx
Replies: 79
Views: 9935

Re: Total bond fund vbtlx

It seems that often when an investor wants to move out of a losing investment, the emotionally-loaded expressions are hurled at him of market timing and/or recency bias. I am sure that there are situations when these accusations have validity, but aren't there also situations when unloading a losing investment is justifiable?
by Munir
Fri Jul 28, 2023 9:59 am
Forum: Personal Investments
Topic: Transferring out from Vanguard after a week
Replies: 64
Views: 8477

Re: Transferring out from Vanguard after a week

It's good to see people defending Vanguard on this web site- even only occasionally.
by Munir
Thu Jul 27, 2023 11:11 am
Forum: Personal Investments
Topic: Bond Advice
Replies: 18
Views: 1834

Re: Bond Advice

ruralavalon wrote: Thu Jul 27, 2023 10:06 am
Tom_T wrote: Thu Jul 27, 2023 8:05 am Seems like much of the risk in BND is behind us.
Exactly right, in my opinion.

Beware of recency bias.
How do you know? i.e. what facts have lead you to this conclusion?
by Munir
Wed Jul 26, 2023 6:36 am
Forum: Personal Investments
Topic: VUSXX vs VMFXX
Replies: 9
Views: 2310

Re: VUSXX vs VMFXX

On a related subject, are these two funds VUSXX and VMFXX, equally SAFE in case of a major market/economic crash? I assume their assets are not protected by any governmental body nor by an insurance entity.
by Munir
Sun Jul 16, 2023 6:57 pm
Forum: Investing - Theory, News & General
Topic: 8 Things you need to know about bonds at AARP
Replies: 15
Views: 2401

Re: 8 Things you need to know about bonds at AARP

This forum is not exclusively composed of whiz-kids and finance experts but also of investors who are less sophisticated on the subject. i hope we can all dispense with sarcastic condescending remarks of how much we know and treat all members in a polite and civil fashion.
by Munir
Mon Jul 10, 2023 11:13 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Over 85 Equity Position
Replies: 64
Views: 9521

Re: Bogleheads' Over 85 Equity Position

A Headline and article on the digital issue of today's Wall Street Journal Markets reads: "America’s Retirees Are Investing More Like 30-Year-Olds At Vanguard, one-fifth of taxable brokerage account investors aged 85 or older have nearly all their money in equities". I wonder where the majority of Bogleheads over 85 would land- in the 20% group or the 80%? That leads me to wonder how many Bogleheads who post on this forum are over 85? Do we know? I am 86 and currently have only 44% in equities (Total Stock Market Fund). How many (what percentage) of their 85-year-old clients have brokerage accounts? It's a misleading headlline that obviously got some people to click on it. Non-news. I am a Vanguard client with two inactive Vangua...
by Munir
Fri Jul 07, 2023 4:24 pm
Forum: Personal Investments
Topic: Bond recommendation for an 18-year old
Replies: 68
Views: 5022

Re: Bond recommendation for an 18-year old

renegade06 wrote: Thu Jul 06, 2023 6:39 am I would recommend 0 bonds for an 18-year-old and instead put that money into Total Market (VTI). He is way too young for bonds and that money will grow faster.

If you insist on bonds, I would not use either of those options. I'd go for BND (total bond index).
I agree . No bonds for an 18 year old- should be all equities with Vanguard Total Stock Market Index.
by Munir
Fri Jul 07, 2023 3:26 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Over 85 Equity Position
Replies: 64
Views: 9521

Re: Bogleheads' Over 85 Equity Position

Boglenaut wrote: Fri Jul 07, 2023 9:02 am
Munir wrote: Wed Jul 05, 2023 2:20 pm
"At Vanguard, one-fifth of taxable brokerage account investors aged 85 or older have nearly all their money in equities".
This says nothing about how their overall portfolios are allocated.
The above was a quote from an article in the WSJ and not by me. I don't know why the authors limited this article to "taxable brokerage accounts" only.
by Munir
Wed Jul 05, 2023 6:17 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Over 85 Equity Position
Replies: 64
Views: 9521

Re: Bogleheads' Over 85 Equity Position

Munir: By purchasing two Single Premium Immediate Annuities (SPIAs), in addition to my pension and social security, I have more income than I spend. Accordingly, my "equity position" is almost immaterial (It's about 50% stocks/50% bonds in The Three-Fund Portfolio ). Best wishes. Taylor Jack Bogle's Words of Wisdom : "Choose a balance of stocks and bonds according to your unique circumstances--your investment objective, your time horizon, your level of comfort with risk, and your financial resources." Thank you Taylor for your comments. I agree with you and had purchased four small SPIAs in my seventies. The only drawback is that when one dies, usually nothing is left for the heirs. I did add the clause at that time whi...
by Munir
Wed Jul 05, 2023 3:57 pm
Forum: Investing - Theory, News & General
Topic: Anyone still favor Vanguard?
Replies: 359
Views: 48984

Re: Anyone still favor Vanguard?

Bama12 wrote: Tue Jul 04, 2023 12:46 pm Always Vanguard
+1.
by Munir
Wed Jul 05, 2023 3:43 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Over 85 Equity Position
Replies: 64
Views: 9521

Re: Bogleheads' Over 85 Equity Position

rockstar wrote: Wed Jul 05, 2023 2:58 pm I’d most likely be dead by 85.

And I doubt 85 year olds have big portfolios.
In the not too distant past, many people considered anyone over 60 (and definitely over 70) as "Old". Modern medicine and medications have changed that dramatically whereby one has to be over 85 (and usually 90 or more) to be considered old.I live in a retirement community and am amazed at the number of "active" aged individuals- physically and mentally. A majority are affluent and some very affluent. (Of course, people may disagree on what affluent means). A few over 100 are not unusual anymore. Financial planners now aim for longevity in the upper nineties when drawing up financial plans for retirees.
by Munir
Wed Jul 05, 2023 2:20 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Over 85 Equity Position
Replies: 64
Views: 9521

Bogleheads' Over 85 Equity Position

A Headline and article on the digital issue of today's Wall Street Journal Markets reads:
"America’s Retirees Are Investing More Like 30-Year-Olds
At Vanguard, one-fifth of taxable brokerage account investors aged 85 or older have nearly all their money in equities".

I wonder where the majority of Bogleheads over 85 would land- in the 20% group or the 80%? That leads me to wonder how many Bogleheads who post on this forum are over 85? Do we know? I am 86 and currently have only 44% in equities (Total Stock Market Fund).
by Munir
Thu Jun 22, 2023 11:01 am
Forum: Personal Investments
Topic: Two fund portfolio?
Replies: 12
Views: 2869

Re: Two fund portfolio?

I am 86. I expect to die by age 90 at the latest. My portfolio, nearly all in my TIRA, is VTSAX (Vanguard Total Stock Market Index) and Vanguard US Treasury MMF (VUSXX). The former is for my heirs and the latter for gifting to my heirs and for my expenses. Hi Munir - Jack Bogle and Warren Buffett would be pleased with your portfolio! Simple stock fund and cash. While an alternative point of view may state you are missing different areas of the investment universe (i.e. international, bonds, etc.), your strategy really does remove the temptation and complexity of holding multiple funds. No one knows in advance which strategy will perform best. However, being able to sleep at night and stay the course is most important. Best. Tony Hi Tony, I...
by Munir
Thu Jun 22, 2023 10:25 am
Forum: Personal Investments
Topic: Two fund portfolio?
Replies: 12
Views: 2869

Re: Two fund portfolio?

I am 86. I expect to die by age 90 at the latest. My portfolio, nearly all in my TIRA, is VTSAX (Vanguard Total Stock Market Index) and Vanguard US Treasury MMF (VUSXX). The former is for my heirs and the latter for gifting to my heirs and for my expenses.
by Munir
Wed Jun 21, 2023 4:04 pm
Forum: Personal Investments
Topic: Switching to Treasury MM from Cash Reserves Federal Money Market Fund
Replies: 17
Views: 2711

Re: Switching to Treasury MM from Cash Reserves Federal Money Market Fund

erishera wrote: Wed Jun 21, 2023 10:30 am I had previously managed my cash in the money market fund that Vanguard defaults for the settlement of transactions. I think it is Cash Reserves Federal Money Market Fund. With interest rates moving higher, and the interest income generated in this fund being subject to state income tax (last year ~50% was state tax free), does it make sense to shift to Treasury MM. It appears to be 100% state tax free. At least it was last year (subject to repurchase agreement volume)?
Am I missing anything?
Isn't the settlement fund called VMFFX which is not the cash reserve money market fund?