Search found 331 matches

by CedarWaxWing
Fri Sep 15, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: A debt of thanks to good authors, from WCI
Replies: 2
Views: 505

A debt of thanks to good authors, from WCI

https://www.whitecoatinvestor.com/a-debt-of-gratitude-for-financial-mentors/ Another nice post from WCI. If you have not read something from each author... it may be beneficial to do so. All these guys, and a few more, have made my financial reading far more beneficial than books written in earlier ...
by CedarWaxWing
Sat Sep 09, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Keep or let go of my car?
Replies: 44
Views: 3179

Re: Keep or let go of my car?

N10sive wrote:
Thu Sep 07, 2017 5:58 pm
Brakes are a max 250. Arm bushings maybe 400. Windshield! Should be less than 500. Honestly your just getting ripped off. Go to a trusted mechanic and glass person. You could pry get away with 4k for repairs.
1+
by CedarWaxWing
Thu Sep 07, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Keep or let go of my car?
Replies: 44
Views: 3179

Re: Keep or let go of my car?

Brakes are a max 250. Arm bushings maybe 400. Windshield! Should be less than 500. Honestly your just getting ripped off. Go to a trusted mechanic and glass person. You could pry get away with 4k for repairs. I took my Rav 4 to a dealer for a recall of something minor... and got a call telling me I...
by CedarWaxWing
Thu Sep 07, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: NJ Teacher Lost with 403bs
Replies: 30
Views: 3639

Re: NJ Teacher Lost with 403bs

I don't think there is any reason to think that the OP has an annuity based 403b. Lincoln Investment is a mutual fund based 403b provider. There is also a Lincoln life insurance company that sells annuity based 403b plans. The Lincoln Investment Solutions Premier Management/Wrap fee is 1.25% as of ...
by CedarWaxWing
Thu Sep 07, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie transfer Ameriprise to Vanguard?
Replies: 5
Views: 336

Re: Newbie transfer Ameriprise to Vanguard?

I found one sales costs for one of the First Trust funds... 1.85. On the First Trusts site, on on Ameriprise it may well be signicantly more.

I could not find other costs either... but we know they are all high.

You had good advice from the other posters.

Best.

M
by CedarWaxWing
Thu Sep 07, 2017 7:32 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8046

Re: Do retiree BHs actually run down their portfolios?

I am 3 years into retirement with a conservative 60/40 portfolio. Have only withdrawn 2% per year pre tax money so far, and put at least half back into after tax savings. A lot depends on how much you have going into retirement and if you start during a bull or bear market. I am guessing that a lot...
by CedarWaxWing
Sat Sep 02, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Index Annuity
Replies: 23
Views: 1490

Re: Roth IRA Index Annuity

I would keep the annuity because these index annuities are good long term investments. I own one myself but not in a Roth. You must remember that these are long term investments and I mean long term. 12 to 16 years. Otherwise you lose in the short term by paying the surrender charges. The insurance...
by CedarWaxWing
Sat Sep 02, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: American Greed new season kicks off on Saturday
Replies: 17
Views: 2586

Re: American Greed new season kicks off on Saturday

John Elway of the Denver Broncos got scammed out of mucho cash from one of these type of scammers. So its good to know very smart people can be scammed too. Never let your guard down. ps! Scammer either committed suicide, or is in prison I can't remember. Elway had a degree in economics, and got sc...
by CedarWaxWing
Sat Sep 02, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4426

Re: Robert Kiyosaki - rich dad, poor dad

He's a scam artist https://www.youtube.com/watch?v=HE6nT0oyPt8 The video shows the con guy advising folks to use their credit cards to pay as much as 45 K to get his "advanced" get rich scam classes. This included encouraging people to raise their credit limits on the spot to make such purchases......
by CedarWaxWing
Tue Aug 29, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Plan I can Implement -- what's appropriate fee?
Replies: 32
Views: 5309

Re: Seeking Plan I can Implement -- what's appropriate fee?

I'm more upset when I lose a sock than when I lose tens of thousands of dollars. I know the sock will never be found (though I have found the socks of complete strangers in my laundry) while the money will eventually return to me. I usually by several identical pairs of socks...so I am almost alway...
by CedarWaxWing
Tue Aug 29, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Plan I can Implement -- what's appropriate fee?
Replies: 32
Views: 5309

Re: Money laundering

:sharebeer
VictoriaF wrote:
Wed Jan 11, 2012 9:50 am
Money laundering can be profitable. At least, for a while.

Victoria
by CedarWaxWing
Tue Aug 29, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5019

Re: Financial advisor question

I'd like to address a few of your statements. You have done pretty well with this adviser over the years, so feel that perhaps he's added some value. My response is "bunk!". Some years ago, I transferred an old 401k into a rollover IRA. Then I did the thing that a Fidelity study says brings investo...
by CedarWaxWing
Tue Aug 29, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4040

Re: Transitioning management of investments as cognitive ability declines

"I would start with having a trustworthy child monitor my checking account for a few years before I moved them onto my investments. That is what my dad has done with one sibling handling the checking account and I enter his buy/sell requests for investments online for him. " We did this for years fo...
by CedarWaxWing
Sun Aug 27, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4040

Re: Transitioning management of investments as cognitive ability declines

"My parents had quite a different experience with a bank and a trust officer, annual Fees were increased dramatically, in a period of a few months, without notification." "They and others sued. They won but a portion of the money owed them went to some of the lawsuit costs." "This explains my warine...
by CedarWaxWing
Fri Aug 25, 2017 5:12 pm
Forum: Investing - Theory, News & General
Topic: Amazed by Vanguard Wellington's Performance
Replies: 40
Views: 5952

Re: Amazed by Vanguard Wellington's Performance

I was looking at wellington numbers compared to the other "popular balanced funds", like puritan, fidelity balanced, and vanguard balanced index. Wellington seems to best them with relatively less risk when compared to the fidelity funds. I am not exactly sure how they do it for such long period of...
by CedarWaxWing
Sun Aug 20, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: HVAC scam?
Replies: 10
Views: 1561

Re: HVAC scam?

I don't know if it is a scam, but anytime you need major work done you should get multiple estimates. Looks to me like you got one estimate of 844 bucks and one for $300, problem solved, don't use the 800 guy in the future. I don't know what you would report. Perhaps he did try to overcharge you. T...
by CedarWaxWing
Sun Aug 20, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: HVAC scam?
Replies: 10
Views: 1561

HVAC scam?

This is for comment and opinions at to whether my perception could possibly be wrong: Scenario: My electric furnace last winter quite working. Looking at it I found the blower to be humming, and not moving. Easy call: Blower is out. The electric furnace and heat pump is from 1990. I called an Hvac c...
by CedarWaxWing
Wed Aug 16, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Should I put other jobs on my resume?
Replies: 14
Views: 1030

Re: Should I put other jobs on my resume?

If you have built a significant reliable income from tutoring , and have a web page demonstrating something worth showing, I would say put it in the resume, especially if that was a significant part of your work experience. Depending on what level of students you tutored, what subjects, and what age...
by CedarWaxWing
Mon Aug 07, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: How long do you keep your kitchen sponge?
Replies: 55
Views: 5668

Re: How long do you keep your kitchen sponge?

I'm glad someone posted a link to that NY Times article. Back when this thread was new, I was surprised by the number of Bogleheads who stuck to their sponges in the face of good evidence/arguments that they are germ magnets -- and not just any germs, but some really dangerous germs. Using washable...
by CedarWaxWing
Sat Aug 05, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: Finding a good attorney?
Replies: 1
Views: 267

Finding a good attorney?

How is the world can a person find a GOOD attorney? I have some rental properties and will perhaps need an attorney from time to time to review contracts, help in paperwork when someone wants to buy or sell something, etc. I also have a vacation home with 2 partners, one of whom was widowed a couple...
by CedarWaxWing
Sat Aug 05, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth, Taxes and Mistakes
Replies: 41
Views: 4157

Re: Roth, Taxes and Mistakes

I would definitely get a good CPA for further tax work.. and get this situation reviewed by that CPA. The CPA should be able to give you a complete and accurate summary of your situation and the best way to deal with it before going to the person who has done this to you. Certain nuances of how to c...
by CedarWaxWing
Fri Jul 28, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: GF Picking a college major
Replies: 105
Views: 5506

Re: GF Picking a college major

I graduated from BU long ago. Best decision I made, money well spent. You can study almost anything at BU, she should try different classes and activities and find herself. Expensive but amazing opportunity to find and develop interests. A student can study "almost anything" at any good public univ...
by CedarWaxWing
Wed Jul 26, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32995

Re: John Bogle Has Been Right About Investing In International Stocks

Thank you Mr. Larimore for The Bogle Heads Guide to Retirement Planning. I will be re-reading it again this year. If i would have known this information 10 years ago i would be retiring in a year from now instead of 3-4 years from now. I have purchased the book for one of my nephews and my 2 oldest...
by CedarWaxWing
Wed Jul 26, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 4878

Re: Breaking up with my Financial Investor

I broke up "face to face" and it was as sad as telling my prom date I wasn't taking her after she bought the dress! Best advice is to go straight to VG and let them get the process going first, then call your guy and say "I have decided to go in another direction... Expect a call from VG. I'd like ...
by CedarWaxWing
Wed Jul 26, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 4867

Re: Why not Schwab instead of Vanguard?

Vanguard had very low fees as part of their mission. If VG did not do it over all these years, it might never had been done by the others. Their having done it first says a lot about their corporate mission I think. Customer service at Vanguard for me has been just fine. I think the have been very b...
by CedarWaxWing
Sun Jul 23, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: 4-6% a year
Replies: 28
Views: 5903

Re: 4-6% a year

The bond fund PONDX pays about 5%. Another fund PTIAX is also about 5%, and the two funds PONDX/PTIAX are different enough so they are complimentary as a pair. As always market risk of loss is your problem, you have to do what you are comfortable with. I would also consider (and use myself) individ...
by CedarWaxWing
Fri Jul 21, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 5056

Re: Do you find financial advisors to be all that bright?

One of my closest friends is a financial advisor, an extremely successful one. He's quite bright, but his knowledge about personal finance is pretty limited and he has no formal education in the subject. With my limited knowledge, I can talk circles around him when it comes to the topic. He still m...
by CedarWaxWing
Mon Jul 17, 2017 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration
Replies: 12
Views: 1527

Re: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration

http://www.evaluatelifeinsurance.org/ is a webpage through which, in the USA, you can get your life insurance record evaluated. If you cannot get an "enforce illustration" I suspect he could help you determine from the policies' historical "returns".. or results from your annual payments, dividends,...
by CedarWaxWing
Thu Jul 06, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: What is a "sleeve"?
Replies: 34
Views: 3319

Re: What is a "sleeve"?

The front end financial advisers tend to be optimistic extroverts, specialized in selling and client communication, and tend to be idiots (in my opinion). The back office guys tend to be rational, introverts, and have CFAs. FYI, I am not defending active management in this case. I do believe that a...
by CedarWaxWing
Thu Jun 22, 2017 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5019

Re: Financial advisor question

Take what ever time you need to find a smart, honest, skilled communicator FA who takes no commissions and sells nothing but expertise and the time it takes to give you advice. This should include advice as to how to educate yourself over 1-2 years so as to enable you to manage most of your own day...
by CedarWaxWing
Thu Jun 22, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5019

Re: Financial advisor question

m Is a link to "The Arithmetic of Active Investment" by John Bogle. I would read this and later on read the Bogle book that supports his claims as to why this paper is useful and correct. Clicking the pdf tab will down load his brief succinct paper on this topic. m Is a link to Taylor's Ge...
by CedarWaxWing
Fri Jun 09, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Synchrony Bank CD ... and giving personal info over the phone.
Replies: 4
Views: 633

Re: Synchrony Bank CD ... and giving personal info over the phone.

Followup: Now they have it available on line... but to get to the 15 month CD you must scroll down past all the other time frames to the very bottom of the scroll list.

Thanks for the responding.

M
by CedarWaxWing
Fri Jun 09, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Synchrony Bank CD ... and giving personal info over the phone.
Replies: 4
Views: 633

Synchrony Bank CD ... and giving personal info over the phone.

I just came across a facebook link to " High Rate CD" suppossedly at Synchrony Bank. Clicking the link it goes to the Synchrony website (green security symbol also). It quickly opens up to a new page for 1.55 % cd for 15 months, 2k minimum so I think I may put some funds in to tap in 15 mo...
by CedarWaxWing
Wed Jun 07, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 6275

Re: Why You Still Can’t Trust Your Financial Adviser

If you're lucky enough to fall into some cash and/or happen to have a spouse that doesn't have a clue about money and you might, ya know, die someday and leave it to them, a trustworthy FA for them to know in person is a good thing. Scout it out, find a good one with a solid reputation and a guidin...
by CedarWaxWing
Thu Jun 01, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Relative just bought a house in a hot market. Should I change my investment strategy?
Replies: 53
Views: 5448

Re: Relative just bought a house in a hot market. Should I change my investment strategy?

Real estate investing is a bit specialized, and not for the faint of heart, nor for someone who could not weather a 10 yr dip in prices, or 3-6 months of an empty rental. IF you wish to invest in a rental, it may be safer to invest in relatively small inexpensive single family homes with decent yard...
by CedarWaxWing
Wed May 31, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out wife's 401k
Replies: 26
Views: 1708

Re: Should I max out wife's 401k

I'd also lobby the head of that 401k and inform them they are risking a lawsuit for breach of fiduciary responsibility. There really is not excuse for these ridiculous 401k's that are worse than Edward Jones. I'm sure Vanguard, Fidelity, I have one at Wells Fargo all offer much more reasonable prog...
by CedarWaxWing
Wed May 17, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: t IRA to Roth Conversion strategy question please.
Replies: 2
Views: 359

Re: t IRA to Roth Conversion strategy question please.

Sorry for the convoluted post. And thanks for the opinion. We will be doing the conversions for certain... I was just thinking there may be more than one way to do it efficiently, and in the end, I don't think one way is necessarily a great deal better than the other. A key point was that I was cons...
by CedarWaxWing
Tue May 16, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: t IRA to Roth Conversion strategy question please.
Replies: 2
Views: 359

t IRA to Roth Conversion strategy question please.

Scenario: Spouse is 65 in July, I am 66 as of this last March. t IRA at VG is about 550 K here only IRA) Taxed basis in that 103,500 1.Spouse has a 308K Qualified one lump payout retirement plan available in August 2017. (Better imho than monthly payouts over time.) 2. This can be put rolled into a ...
by CedarWaxWing
Sat May 06, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Recent windfall... Insurance questions (Whole, Term, Disability)
Replies: 26
Views: 1822

Re: Recent windfall... Insurance questions (Whole, Term, Disability)

Sounds like you're seeing the light . An observation on "nice people" who work as financial advisors: Despite our cynicism here , I don't think that all financial advisors are cold-blooded leeches who know exactly what they are doing. I believe that many have drunk the Kool-Aid and believ...
by CedarWaxWing
Wed May 03, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]
Replies: 45
Views: 7290

Re: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]

Maximum drawdown for monthly total returns for VWITX (investor shares--has more history) was -6.79% from Mar 1987 - May 1987, with a recovery time of 11 months. The most recent drawdown was -4.59% from Sep 2016 - Nov 2016, and the recovery is still ongoing. SEC yield for VWIUX (Admiral shares) is 2...
by CedarWaxWing
Tue May 02, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: If you had 30,000 dollars to invest in your future, how would you do it?
Replies: 49
Views: 5609

Re: If you had 30,000 dollars to invest in your future, how would you do it?

You may wish to check your local community college and instate public U for any courses in fields that may be if interest. A degree and/or license can help you qualify for better-paying jobs with opportunities for promotions and raises 1+ Try a course or two at night, and keep the job while explori...
by CedarWaxWing
Wed Apr 26, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Using an HSA for Canadian RX
Replies: 10
Views: 1137

Re: Using an HSA for Canadian RX

Not sure of the legalities, but given the savings, I'd probably try the mail order option and pay out of pocket without claiming HSA reimbursement. No way would I deal with airfare, customs, etc., for a short trip to Canada four times a year. But... a trip to the Canadian Pharmacy to buy a prescrib...
by CedarWaxWing
Tue Apr 11, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 4878

Re: Breaking up with my Financial Investor

jadedfalcons wrote:
Capsu78 wrote:it was as sad as telling my prom date I wasn't taking her after she bought the dress!


Mr. Freeze could only dream of being as cold as you! :shock:


Don't forget... you paid for the dress, shoes, socks, hairdo, and limo... and she kept the money. Perhaps that is a more realistic comparison. :)

M
by CedarWaxWing
Tue Apr 11, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 143
Views: 17872

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Please put me on the waiting list..

thank you.

M
by CedarWaxWing
Fri Mar 31, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 12199

Re: Currently have $700,000 at 26 years old get $100,000 a year

Chalk me up as another voice saying that "balanced fund" could mean many different things, and being more specific will elicit better advice. Reading through the wiki, as linked to, would be very sensible. I debated writing the following, but feel that it's important. Please realize that ...
by CedarWaxWing
Thu Mar 23, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Teachers and friends/relatives of teachers
Replies: 25
Views: 3320

Re: Teachers and friends/relatives of teachers

Good morning everyone! A few months back this board helped me out a lot to put together a presentation to my fellow teachers about why we should switch our retirement provider to Vanguard....we finally hit the minimum number to have the school district add them as a provider. I want EVERY teacher t...
by CedarWaxWing
Thu Mar 23, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: I am presenting on Vanguard vs. AXA, can you help?
Replies: 54
Views: 4025

Re: I am presenting on Vanguard vs. AXA, can you help?

Whether the intention or not, you may well get that response about getting help. I would explain the "Target Date" funds if you do get such a response, that if this is their primary long term savings, then they can get one stop shopping with no guidance needed, at low cost. Just set it an...
by CedarWaxWing
Sat Mar 18, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: 15% International Small-Cap vs 30% Total International
Replies: 47
Views: 4154

Re: 15% International Small-Cap vs 30% Total International

I don't think your backtest is a good one; US Stocks outperformed International Stocks over that period, so less international of any kind would help you. But you're right about lower correlations helping your risk-adjusted returns. Let's try a backtest that is actually more fair (Portfolio 3 here ...