My partner and I did an Alaskan cruise out of Vancouver in June 2009. We were pleasantly surprised that the Canadian passengers outnumbered the Americans on board the ship. There were also many British and Australians. We enjoyed talking with them all, and we made a few friends from that trip.
From this experience, I visit the CBC website regularly now to know what is going on up there. We Yanks, as a group, are embarrassingly ignorant of our northern neighbors.
http://www.cbc.ca/thenational/watch/
Dale
Search found 486 matches
- Mon Oct 31, 2011 9:18 pm
- Forum: Personal Consumer Issues
- Topic: Anyone take an Alaska cruise out of Vancouver?
- Replies: 29
- Views: 2601
- Mon Oct 31, 2011 12:36 pm
- Forum: Personal Consumer Issues
- Topic: Thanks for the info re:Costco pharmacy
- Replies: 23
- Views: 2324
Re: Thanks for the info re:Costco pharmacy
In Nevada we have a similar law - that non-members can use the pharmacy. But you won't be entitled to the additional savings of the Costco Members' Rx Program.DTSC wrote:In my state (Illinois) you do not have to be a Costco member to use the pharmacy (or buy liquor). I don't know if you'll get the discount though.
Dale
- Mon Oct 31, 2011 11:28 am
- Forum: Personal Consumer Issues
- Topic: Thanks for the info re:Costco pharmacy
- Replies: 23
- Views: 2324
Re: Thanks for the info re:Costco pharmacy
Costco even beats the low prices for generics available from Walmart/Sam's Club. If you don't have drug plan through your medical insurance (or, at least, you tell them that you don't), you are entitled to use the Costco Members' Rx Program.
For example, instead of going to Sam's and paying $10 for a 90 supply of 20mg Zocor (Simvastatin), I get 100 tablets from Costco for $6.03.
Dale
For example, instead of going to Sam's and paying $10 for a 90 supply of 20mg Zocor (Simvastatin), I get 100 tablets from Costco for $6.03.
Dale
- Wed Oct 19, 2011 3:15 pm
- Forum: Investing - Theory, News & General
- Topic: Steve Jobs and Jack Bogle - Two of a Kind
- Replies: 10
- Views: 1162
Re: Steve Jobs and Jack Bogle - Two of a Kind
Both Jack Bogle and Steve Jobs had serious health challenges, beginning in the prime of their lives. Both had organ transplants. I am happy that Jack is still with us and doing well 15 years after he got his new heart.
One of these men has had a huge impact on my life. I don't have any Apple products but feel well-connected in this cyber age. I would be totally lost without Vanguard and the Boglehead philosophy.
Thank you, Mr. Bogle!
Dale
One of these men has had a huge impact on my life. I don't have any Apple products but feel well-connected in this cyber age. I would be totally lost without Vanguard and the Boglehead philosophy.
Thank you, Mr. Bogle!
Dale
- Sun Oct 16, 2011 12:19 pm
- Forum: US Chapters
- Topic: Las Vegas Area BH Mtg on November 5, 2011
- Replies: 0
- Views: 833
Las Vegas Area BH Mtg on November 5, 2011
Hello local Bogleheads,
A few of our members were in attendance at BH 10 this year. We are looking forward for them to share their experiences and to tell us what they learned at the reunion.
We will be having our luncheon again at Ping Pong Thai on Saturday, November 5th, at 1pm. We hope to see you there for another lively and informative discussion. Here is a link for the restaurant:
http://www.tripadvisor.com/Restaurant_R ... evada.html
Dale
A few of our members were in attendance at BH 10 this year. We are looking forward for them to share their experiences and to tell us what they learned at the reunion.
We will be having our luncheon again at Ping Pong Thai on Saturday, November 5th, at 1pm. We hope to see you there for another lively and informative discussion. Here is a link for the restaurant:
http://www.tripadvisor.com/Restaurant_R ... evada.html
Dale
- Fri Sep 23, 2011 6:18 pm
- Forum: Investing - Theory, News & General
- Topic: Why Buying on the Dips Isn't All It's Cracked Up to Be
- Replies: 18
- Views: 3464
Why Buying on the Dips Isn't All It's Cracked Up to Be
Dr. Bernstein finds that putting a lump sum into the market better than buying the dips. To see how buying the dips may work in practice, I asked William Bernstein, an investment manager at Efficient Frontier Advisors in Eastford, Conn., to look back over the past 10 years using the Vanguard 500 Index Fund...."It's very counterintuitive," Mr. Bernstein says. But a lump-sum investment at the beginning would have earned you an annual average total return of 3%. Buying on the 5% dips would have reduced your return by 0.1 percentage points annually, and buying on the 2% dips would have cut your gains by an annual average of 0.8%, he estimates. http://online.wsj.com/article/SB10001424053111904563904576589134168081092.html?grcc=88888&am...
- Sun Sep 11, 2011 11:48 pm
- Forum: Personal Consumer Issues
- Topic: How many friends do you have?
- Replies: 52
- Views: 8698
- Sat Sep 10, 2011 6:16 pm
- Forum: US Chapters
- Topic: Las Vegas Area BH Mtg on September 10, 2011
- Replies: 2
- Views: 1490
DaveS, it was great having you with us today from Reno.DaveS wrote:See ya tomorow. I am stuck in your town for the weekend. Dave
We also were glad to meet first-timers, Gary & Camy. There were 8 of us in attendance.
The group is interested in continuing our luncheons together every couple of months. We will set a date later for our November meeting.
Dale
- Tue Aug 23, 2011 11:12 pm
- Forum: Investing - Theory, News & General
- Topic: Magazine Article on Vanguard
- Replies: 5
- Views: 1382
Magazine Article on Vanguard
Here is a link to a September 2011 "Kiplinger's" article on Vanguard:
http://www.kiplinger.com/magazine/archi ... roach.html
Dale
http://www.kiplinger.com/magazine/archi ... roach.html
Dale
- Mon Aug 22, 2011 7:52 pm
- Forum: Personal Consumer Issues
- Topic: Best Money magazine?
- Replies: 22
- Views: 3287
I agree with others that this website is the best source of information on personal finance.
I used to subscribe to Smart Money, Money, Businessweek, Wall Street Journal and Forbes. I still visit their websites to occasionally read their articles. But getting a glossy, paper magazine in the snail mail now seems so 1970.
Dale
I used to subscribe to Smart Money, Money, Businessweek, Wall Street Journal and Forbes. I still visit their websites to occasionally read their articles. But getting a glossy, paper magazine in the snail mail now seems so 1970.
Dale
- Fri Aug 19, 2011 6:28 pm
- Forum: Personal Investments
- Topic: How should I spend a weekend after a week of losses?
- Replies: 68
- Views: 7873
- Fri Aug 19, 2011 8:57 am
- Forum: Investing - Theory, News & General
- Topic: I've read these 4 books. Is that enough?
- Replies: 36
- Views: 5434
- Sun Aug 14, 2011 8:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Why Does Fidelity Offer Vanguard Funds?
- Replies: 12
- Views: 3507
Vanguard Investor Class and ETF shares are available at Fidelity but you will be paying a commission to trade them. So evidently Fido is willing to offer competing mutual fund products, as long as they are able to make money on the trades.
However, Vanguard Admiral Shares are not available at Fido - you will need to go directly to VG to buy them. I have wondered if Fido has a VG Admiral fund master account for its retail clients and somehow pockets the yield differential between the two fund classes. This would explain the absence of Admiral shares on its retail platform.
Dale
However, Vanguard Admiral Shares are not available at Fido - you will need to go directly to VG to buy them. I have wondered if Fido has a VG Admiral fund master account for its retail clients and somehow pockets the yield differential between the two fund classes. This would explain the absence of Admiral shares on its retail platform.
Dale
- Sun Aug 14, 2011 8:01 pm
- Forum: Personal Investments
- Topic: Help, Please! Distribution Yield vs. SEC Yield
- Replies: 7
- Views: 2118
Moosedad's Google search did not give the correct result for the SEC yield. From Vanguard re SEC Yield: A — BASED ON HOLDINGS' YIELD TO MATURITY FOR LAST 30 DAYS; DISTRIBUTION MAY DIFFER Yield to maturity is the key, but it should be better called "total return to maturity if interest rates don't change". Think about an old $1,000 Treasury bond with a 5% coupon ($50) that will reach maturity in two years. These numbers are not exact, but the bond would be priced about $1,080. The Distribution yield would be 50/1080 or about 4.6%. In this case the SEC yield would be about 1%, because even though the owner collects $100 in interest over two years, the bond declines to $1,000 at maturity, leaving the investor with $20 his efforts ov...
- Sun Aug 14, 2011 2:29 pm
- Forum: Personal Investments
- Topic: Help, Please! Distribution Yield vs. SEC Yield
- Replies: 7
- Views: 2118
Help, Please! Distribution Yield vs. SEC Yield
I don't understand what the SEC yield is that Vanguard shows on its website for the various bond funds. When I look at my recent monthly distributions on my VG Short-term Tax-exempt Admiral Bond Fund, multiple them by 12 months and then divide by the current value of my holdings, I come up with a figure very close to 1.21% distribution yield that VG shows in this link for the July 29 distribution. https://personal.vanguard.com/us/funds/snapshot?FundId=0541&FundIntExt=INT#hist=tab%3A4 So where is the current SEC yield of .53% coming from and what is its significance? I want to be able to compare my bond fund yields with what I could get in other fixed income products, and I feel that the distribution yield is a closer estimate of my curr...
- Fri Aug 12, 2011 1:00 pm
- Forum: US Chapters
- Topic: Las Vegas Area BH Mtg on September 10, 2011
- Replies: 2
- Views: 1490
Las Vegas Area BH Mtg on September 10, 2011
Nine of you have voted on the date for the upcoming meeting. We will again be meeting at Ping Pong Thai on Saturday, September 10th, at 1pm.
Feel free to PM me for more information.
Dale
Info & Map for restaurant:
http://www.tripadvisor.com/Restaurant_R ... evada.html
Feel free to PM me for more information.
Dale
Info & Map for restaurant:
http://www.tripadvisor.com/Restaurant_R ... evada.html
- Wed Aug 10, 2011 3:35 pm
- Forum: Investing - Theory, News & General
- Topic: Pay TV industry loses record number of subscribers
- Replies: 33
- Views: 4069
- Sun Aug 07, 2011 12:41 pm
- Forum: Personal Investments
- Topic: Boglehead thoughts on putting in a pool
- Replies: 45
- Views: 7197
We would never have a pool, even though we live in the Mojave desert. They are a lot work, taking your time and money away from other things. We have heard our friends here describe them as a money pit, because of all the associated expenses.
In this hot climate, without a heater, the water would be warm for only 4 months a year. If the ambient temperature is not warm enough at night, then the heat quickly radiates from the water into the atmosphere.
Besides, we prefer keeping our yard landscaped with shade trees, shrubs and ground covers. We find it satisfying to grow fresh fruit, herbs and vegetables. A pool would take too much space away from this productive activity.
Dale
In this hot climate, without a heater, the water would be warm for only 4 months a year. If the ambient temperature is not warm enough at night, then the heat quickly radiates from the water into the atmosphere.
Besides, we prefer keeping our yard landscaped with shade trees, shrubs and ground covers. We find it satisfying to grow fresh fruit, herbs and vegetables. A pool would take too much space away from this productive activity.
Dale
- Sat Aug 06, 2011 10:25 am
- Forum: Personal Finance (Not Investing)
- Topic: CNBC previews next week on Sunday at 9 pm ET
- Replies: 11
- Views: 1848
- Fri Aug 05, 2011 3:55 pm
- Forum: Personal Investments
- Topic: Got in the market last week - Tax Loss Harvest already?
- Replies: 23
- Views: 2795
Balmalocha,
If you can use the tax losses, why not sell now?
Today I sold all the shares in Total Stock Market that I bought this year and, with the proceeds, I purchased the very similar Large Cap Index. I have booked some capital losses that will be useful going forward.
If the market goes down further, I can sell the Large Cap Index for another loss and put those funds back into TSM. Vanguard won't allow me back into the open-ended shares of VTSAX for 60 days. But I would be able to buy the ETF version of TSM in my VG Brokerage after 30 days and avoid having the I.R.S. void my losses due to Wash Sale rules.
Let's make lemonade out of lemons!
Dale
If you can use the tax losses, why not sell now?
Today I sold all the shares in Total Stock Market that I bought this year and, with the proceeds, I purchased the very similar Large Cap Index. I have booked some capital losses that will be useful going forward.
If the market goes down further, I can sell the Large Cap Index for another loss and put those funds back into TSM. Vanguard won't allow me back into the open-ended shares of VTSAX for 60 days. But I would be able to buy the ETF version of TSM in my VG Brokerage after 30 days and avoid having the I.R.S. void my losses due to Wash Sale rules.
Let's make lemonade out of lemons!
Dale
- Tue Aug 02, 2011 9:41 pm
- Forum: Personal Investments
- Topic: Veterinary resident starting out
- Replies: 12
- Views: 2122
DMV Resident, You are mistaken. VWO is the Vanguard Emerging Markets Equity Index ETF. It is not a bond fund. Many Bogleheads steer clear of international bond funds. There are many problems with investing in that sector, one being that there is not a low cost international bond fund available to us who D.I.Y.ers using VG. You need to educate yourself on TIPS and I-bonds. There is a lot of information on the wiki on this website. Here is a recent article by Mel Lindauer on I-bonds: http://www.forbes.com/2010/01/29/buying-risk-free-i-bonds-personal-finance-bogleheads-view-lindauer.html There are many threads on this topic, just use the search tool on this website. Many of us have been buying the recent issue of I-bonds because they are issue...
- Tue Aug 02, 2011 9:25 am
- Forum: Personal Investments
- Topic: Veterinary resident starting out
- Replies: 12
- Views: 2122
Hello DVM Resident. Your asset allocation strategy has not received any response so far, probably because it looks so good. I sure would like to have had access to the funds that you are using and be holding your portfolio mix when I was 29. However, I am not a big fan of high yield (junk) bonds. The income from these is subject to the the high ordinary income tax rates. They are highly volatile and may be overpriced in these days of record low interest rates. if you are sheltering the income by holding them in a tax-deferred account, you cannot sell them for a tax loss. In regards to the Roth idea, be sure that you understand what your marginal rate is on the monies devoted to this retirement vehicle. I, too, wanted to take advantage the c...
- Sat Jul 30, 2011 9:54 am
- Forum: Personal Investments
- Topic: Comparing index fund fees/ What factors do you consider?
- Replies: 8
- Views: 1320
The dividends from the Vanguard Total Stock Market index are 100% qualified, which results in a lower tax rate under current law. Fidelity's Spartan TSM were 97% qualified in a recent annual report. The Fidelity Spartan fund has made small capital gains distributions the last three years: in 2010, $.02 per share; in 2009, $.01 per share; in 2008, $.24 per share; Vanguard TSM has made none. The qualified dividends and capital gains distributions issues would favor the Vanguard product if this investment is to be held in a taxable account. Fidelity's credit rating was recent downgraded: http://www.bogleheads.org/forum/viewtopic.php?t=71920&highlight= This news makes one wonder if Fidelity may be less willing or able in the future to cap t...
- Fri Jul 29, 2011 3:27 pm
- Forum: Investing - Theory, News & General
- Topic: Falling Fortunes of Forbes
- Replies: 20
- Views: 3040
Yeah, I agree. I could have used the Boglehead philosophy in the late 1970s. It is just great that we have it now.1530jesup wrote:
yeah, but, 1970 was a pretty good year. and if I could go back with just the Boglehead investment knowledge (no insider Super Bowl or Google info), today I would be in a better place retirement wise...
By the way, I do enjoy perusing Forbes.com for interesting articles. I find a lot more of interest there than I do at Fortune.com, which is not very good. Forbes.com has more to offer than those wonderful articles that Rick, Mel and Laura are writing these days.
Dale
- Fri Jul 29, 2011 11:54 am
- Forum: Investing - Theory, News & General
- Topic: Falling Fortunes of Forbes
- Replies: 20
- Views: 3040
- Thu Jul 28, 2011 7:50 pm
- Forum: Investing - Theory, News & General
- Topic: Falling Fortunes of Forbes
- Replies: 20
- Views: 3040
Like many others, I used to look forward to receiving Forbes' semi-annual mutual fund issue, where the Best Buys and Honor Roll lists were presented. That was how I started out investing. Since I evolved into a Boglehead, those listings have become unimportant to me.
But in the February 8, 2010 Forbes fund issue, the last one that I received before my subscription lapsed, 7 Vanguard funds were in the esteemed categories, with one, Vanguard Emerging Markets Equity Index, on the Honor Roll. Four of the seven are index funds. That Vanguard funds are well represented in Forbes' evaluation is not surprising - we know that a low cost, index-based approach is the winning strategy.
Dale
But in the February 8, 2010 Forbes fund issue, the last one that I received before my subscription lapsed, 7 Vanguard funds were in the esteemed categories, with one, Vanguard Emerging Markets Equity Index, on the Honor Roll. Four of the seven are index funds. That Vanguard funds are well represented in Forbes' evaluation is not surprising - we know that a low cost, index-based approach is the winning strategy.
Dale
- Thu Jul 28, 2011 4:50 pm
- Forum: Personal Investments
- Topic: Individual Muni Bonds vs. Fund For Large Portfolio?
- Replies: 7
- Views: 1625
I agree. But I substitute certificate of deposits and online bank savings accounts for U.S. Treasurys. Given that I live in a state with no income tax, I am able to benefit from the yield premiums available in these products.Sidney wrote:I prefer to use funds for everything except Treasuries.
Regarding individual munis, I think that it is advantageous to use Vanguard's low-cost funds. This provides you liquidity - individual munis can be difficult to sell. Also, it is good to have VG's professionals managing the portfolio, giving you greater diversification than can be done on your own.
Dale
- Wed Jul 27, 2011 11:39 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity and Vanguard "Account Executives"
- Replies: 13
- Views: 4807
In my experience, Vanguard's service is good; Fidelity's service is better. But Vanguard has the best investment vehicles. For example, you cannot beat VG's muni bond funds, with their low expense ratios.
Also, I have seen Fidelity account executives attempt to sell an actively-managed mutual fund portfolio in a taxable account, topped off with an additional wrap fee - a very inappropriate investment strategy, IMHO. I was glad that I was able to convince my friend to use VG's equity index funds and muni bond funds, with no wrap fee.
Dale
Also, I have seen Fidelity account executives attempt to sell an actively-managed mutual fund portfolio in a taxable account, topped off with an additional wrap fee - a very inappropriate investment strategy, IMHO. I was glad that I was able to convince my friend to use VG's equity index funds and muni bond funds, with no wrap fee.
Dale
- Wed Jul 27, 2011 11:22 am
- Forum: Investing - Theory, News & General
- Topic: ...
- Replies: 70
- Views: 9174
- Sat Jul 23, 2011 10:30 am
- Forum: Investing - Theory, News & General
- Topic: Latest interview with Bill Bernstein from IndexUniverse
- Replies: 97
- Views: 14100
- Tue Jul 19, 2011 7:40 pm
- Forum: Personal Consumer Issues
- Topic: Too Big To Fail on HBO
- Replies: 18
- Views: 2939
- Tue Jul 19, 2011 7:31 pm
- Forum: Personal Consumer Issues
- Topic: Where are Bogleheads from?
- Replies: 51
- Views: 7313
- Tue Jul 19, 2011 7:12 pm
- Forum: Investing - Theory, News & General
- Topic: Being debated: Muni bonds to lose tax exemption ??
- Replies: 24
- Views: 2823
Here is another recent article by Jason Zweig on this same topic:
http://online.wsj.com/article/SB1000142 ... _Video_Top
Dale
http://online.wsj.com/article/SB1000142 ... _Video_Top
Dale
- Fri Jul 15, 2011 4:48 pm
- Forum: Investing - Theory, News & General
- Topic: Don't you wish Vanguard would....
- Replies: 101
- Views: 15359
I wish that Vanguard would make the ETFs that it is creating for other investor markets available to us in the USA. Vanguard offers the Australian Shares Index ETF (VAS), which is traded on the Australian stock exchange. It has an expense ratio of .15%. Here is the link: http://www.vanguard.com.au/personal_investors/investment/etfs/australian-shares/en/vanguard-australian-shares-index-etf.cfm This fund is not available for trade on the US exchanges. The best alternative for us Yanks is the I-Shares Australia (EWA), which has an e.r. of .53. Why not make the lower cost VG ETF available in the U.S.? I am not asking that they create a new product, just allow the existing ETF to be traded here. A Canadian equity index will be created as Vanguar...
- Wed Jul 13, 2011 6:02 pm
- Forum: Investing - Theory, News & General
- Topic: Gus Sauter interview on CNBC
- Replies: 14
- Views: 3084
Gus Sauter was apparently making the rounds today, as I saw him on the Fox Business Network.
http://video.foxbusiness.com/v/10524650 ... his-market
The Vanguard Group has a lot to celebrate. Fox Business showed the figures - VG has captured 57% of the industry-wide flows of investment capital this year into index funds and ETFs.
Dale
P.S. Was Gus also on Bloomberg today?
http://video.foxbusiness.com/v/10524650 ... his-market
The Vanguard Group has a lot to celebrate. Fox Business showed the figures - VG has captured 57% of the industry-wide flows of investment capital this year into index funds and ETFs.
Dale
P.S. Was Gus also on Bloomberg today?
- Mon Jul 11, 2011 10:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: Sending Overnight To VG Big Money
- Replies: 31
- Views: 3775
I would use FedEx. It might make sense to use the three-day delivery option, instead of the overnight, for the cost savings in these days of .01% yields on money market funds.
USPS first class has always gotten to its destination for me. But sometimes it takes 7-8 days to get there in a pre-paid envelope, which can be upsetting.
Dale
USPS first class has always gotten to its destination for me. But sometimes it takes 7-8 days to get there in a pre-paid envelope, which can be upsetting.
Dale
- Thu Jul 07, 2011 5:27 pm
- Forum: Personal Consumer Issues
- Topic: If you are a Boglehead, what are you?
- Replies: 42
- Views: 5416
I am just another Boglehead, who proudly uses that appellation to honor Jack Bogle. I am very happy to have learned many years ago about Jack and his many efforts to help the retail investor. He started a revolution by creating the first retail index fund and setting up Vanguard as a non-profit, owned by its clients-investors, with the cost savings passed through to the little guy as higher returns.
One of the biggest and unexpected surprises of my life has been meeting with Jack Bogle and my fellow Bogleheads at the annual reunions!
Dale
One of the biggest and unexpected surprises of my life has been meeting with Jack Bogle and my fellow Bogleheads at the annual reunions!
Dale
- Tue Jul 05, 2011 8:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Best state in which to retire or declare residency
- Replies: 119
- Views: 29603
There is no state estate tax in NV, as there is in WA.Paladin wrote:What is the issue with the estate tax setup in WA? Why is NV better?letsgobobby wrote:vancouver, washington is a good place. mild weather, gorgeous summers, though rainy winters. Close to the outdoors, including kayaking, skiing, hiking, boating, fishing, hunting. No state income tax. Recreate in Oregon across the river, where there is no sales tax. Access to Portland, a great city, and Portland airport (PDX), a great little airport. Good health care and good quality of life. Property taxes are low to moderate.
Biggest drawback is Washington doesn't have a great estate tax setup. For that you'd want to be in Nevada, which is another good place to consider retiring.
Dale
- Mon Jul 04, 2011 11:12 am
- Forum: Personal Consumer Issues
- Topic: Boglehead Cruise Line Preference
- Replies: 61
- Views: 12671
We have been on three cruise lines in the last few years. We rate them as follows:
#1 Princess
#2 Holland America
#3 Norwegian
We have been on NCL twice and unfortunately found that the quality of their service had declined markedly on our last trip with them, which we attribute to an aggressive cost reduction program.
This is a good poll - great to know how our fellow Bogleheads rate the cruise lines!
Dale
#1 Princess
#2 Holland America
#3 Norwegian
We have been on NCL twice and unfortunately found that the quality of their service had declined markedly on our last trip with them, which we attribute to an aggressive cost reduction program.
This is a good poll - great to know how our fellow Bogleheads rate the cruise lines!
Dale
- Sun Jul 03, 2011 8:45 pm
- Forum: Personal Consumer Issues
- Topic: Seeking Vegetarians
- Replies: 43
- Views: 5662
The Vegetarian Resource Group is a great place to find out more, including lots of recipes:
http://www.vrg.org/
Dale
http://www.vrg.org/
Dale
- Wed Jun 29, 2011 3:41 pm
- Forum: Personal Consumer Issues
- Topic: Red Wine as Benefit to Health?
- Replies: 41
- Views: 6649
- Sat Jun 25, 2011 12:32 pm
- Forum: Investing - Theory, News & General
- Topic: Schwab to Liquidate Yield Plus, Lowers Bond Fund E.R.s
- Replies: 11
- Views: 2151
I wonder if there's anything in place to keep the Schwab Total Bond Market fund from blowing up again. that's great that they're doing all this, but I just don't see how you can trust these knuckleheads with anything. very hard to get reputation back, especially when you drop the ball on the very simplest of things like running an index fund. As a former longtime Schwab client, I also wonder how anyone can trust Chuck. With their past history of instituting and raising fees on everything, which happened during CEO David Pottruck's rein, I fear that this for profit enterprise might want to raise those expense ratios to generate more revenue after they have gathered substantial assets. After coming back into control, Mr. Schwab conceded that...
- Fri Jun 24, 2011 11:29 pm
- Forum: Investing - Theory, News & General
- Topic: Schwab to Liquidate Yield Plus, Lowers Bond Fund E.R.s
- Replies: 11
- Views: 2151
Schwab to Liquidate Yield Plus, Lowers Bond Fund E.R.s
Charles Schwab Corp. is liquidating its troubled YieldPlus fund, which cost the San Francisco firm more than $350 million before taxes in regulatory fines and class-action settlements...The SEC alleged that Schwab misled investors when it marketed YieldPlus as a cash alternative that was only slightly riskier than a money market fund. The SEC also alleged that the fund violated its concentration policy and federal law when it invested more than 25 percent of fund assets in private-issuer mortgage-backed securities without seeking shareholder approval. Thanks to the competitive pressures created by low-cost Vanguard, here is some good news in the same article about the lowering of expense ratios on their bond funds. The Schwab Inflation Pro...
- Sat Jun 18, 2011 8:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: How do you buy insurance
- Replies: 10
- Views: 1438
- Tue Jun 14, 2011 7:26 pm
- Forum: Personal Consumer Issues
- Topic: how many Bogleheads are divorced vs still married?
- Replies: 98
- Views: 13208
- Tue Jun 14, 2011 7:18 pm
- Forum: Personal Consumer Issues
- Topic: Any barefoot mowers?
- Replies: 67
- Views: 8080
- Tue Jun 14, 2011 3:58 pm
- Forum: Personal Investments
- Topic: Move to VG or stay at Fido
- Replies: 10
- Views: 1746
Hello Dimdum:
You see the advantages of using VG: wider array of index funds and ETFs with lower expense ratios.
One disadvantage of leaving Fido is that they will charge you an account transfer fee, which is assessed for these trustee to trustee retirement account transfers. You can avoid it by liquidating all your Fidelity retirement investments and have them give you a check for the balance. Then send the funds to VG with a letter requesting that they open a rollover IRA in your name. I have done this in the recent past and avoided the transfer/account closeout fees.
Dale
You see the advantages of using VG: wider array of index funds and ETFs with lower expense ratios.
One disadvantage of leaving Fido is that they will charge you an account transfer fee, which is assessed for these trustee to trustee retirement account transfers. You can avoid it by liquidating all your Fidelity retirement investments and have them give you a check for the balance. Then send the funds to VG with a letter requesting that they open a rollover IRA in your name. I have done this in the recent past and avoided the transfer/account closeout fees.
Dale
- Sun Jun 12, 2011 10:40 pm
- Forum: US Chapters
- Topic: Kansas Local Chapter - Who's Interested?
- Replies: 28
- Views: 6901
We have an active chapter here in Las Vegas, the "ninth island of Hawaii".
http://www.hawaiinewsnow.com/story/1141 ... ng-as-much
Dale
http://www.hawaiinewsnow.com/story/1141 ... ng-as-much
Dale
- Sun Jun 12, 2011 11:22 am
- Forum: Personal Consumer Issues
- Topic: TV: Cox vs. Dish Network
- Replies: 9
- Views: 2640
We left Cox Cable for Directv 18 months ago. We got a very low rate the first year of our 2 year contract for service that included a DVR. We will be looking at all the options in 6 months: Cox, Dish, Centurylink and staying with Directv.
It seems that if you don't consider all your options and make it clear that you willing to make the switch, the cable/satellite companies really take advantage of you. I am sure that plenty of people are passive, get attached to their provider and overpay for these services, just as they make poor investment decisions.
Dale
It seems that if you don't consider all your options and make it clear that you willing to make the switch, the cable/satellite companies really take advantage of you. I am sure that plenty of people are passive, get attached to their provider and overpay for these services, just as they make poor investment decisions.
Dale
- Sat Jun 11, 2011 6:50 pm
- Forum: Investing - Theory, News & General
- Topic: Ferri & Gross on Why Stock Mkt Good Bet Now
- Replies: 13
- Views: 3007
Ferri & Gross on Why Stock Mkt Good Bet Now
Rick Ferri has posted an article in his blog making the bullish case for stocks in these times, "Bad Sentiment Is Good for Stocks" Many individual investors are throwing in the towel on the U.S. stock market. They’re packing their bags and going home. This departure from stocks is not a short-term hiatus, mind you. A sizable number are vowing to stay away from stocks for the rest of their lives....This attitude has mixed blessings. It’s bad because investors who vowed to stay out of the market will miss out on needed growth to reach their retirement goal. It’s good because this attitude tends to signal the worst has passed for the markets, even if the economy slows a bit, and that means today’s investors will likely reap over-size...