Search found 305 matches

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: 44
Views: 3306

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: 1372

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 ...
by CedarWaxWing
Thu Jul 06, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: What is a "sleeve"?
Replies: 34
Views: 3106

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: 53
Views: 4149

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: 53
Views: 4149

Re: Financial advisor question

http://www.cfapubs.org/doi/abs/10.2469/faj.v70.n1.1 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 succin...
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: 579

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: 579

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: 5797

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: 5020

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: 1510

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: 329

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: 329

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: 1717

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

Sounds like you're seeing the light :D. An observation on "nice people" who work as financial advisors: Despite our cynicism here 8-), 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 b...
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: 6902

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: 5319

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: 976

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: 37
Views: 2677

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: 141
Views: 15794

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: 11772

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: 3233

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: 3809

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: 3884

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 ...
by CedarWaxWing
Fri Mar 17, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Help with rebuttal to a Facebook post
Replies: 36
Views: 4421

Re: Help with rebuttal to a Facebook post

Just unfriend him and go on with your life. You won't convince him by any argument. It is not necessary to convince him... if he will simply look at his own chart, it says it all in black and white: These funds did not beat the index over that time span, other than that one, which barely beat it by...
by CedarWaxWing
Sat Mar 04, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from Edward Jones to Vanguard
Replies: 50
Views: 4947

Re: Moving away from Edward Jones to Vanguard

Congratulations! We did the same thing about 15 years ago. Never looked back. Although it was awhile ago -- and our EJ broker was a personal family friend we trusted -- I might offer a few pointers. In our case, we had to sell all of our funds first. This was hard simply because we really liked our...
by CedarWaxWing
Mon Feb 27, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 146
Views: 20320

Re: Best HSA (2017)

My HSA is through Optum (offered through work) and has Vanguard funds available and no admin fee if over a certain balance amount (don't recall what that is) I actually just called them to inquire about their fees, minumiums, etc.. and went though at least 8 robotic menus, none of which offered to ...
by CedarWaxWing
Mon Feb 20, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Leaving Vanguard Personal Advisory program
Replies: 26
Views: 3888

Re: Thinking of Leaving Vanguard Personal Advisory program

I have also decided against Vanguard managing my money as I would have never met the person doing the work nor know their experience or credentials. Doesn't seem to make sense to allow person you have never met to mange your life's savings. Excellent point. I would be more comfortable entrusting my...
by CedarWaxWing
Thu Feb 09, 2017 11:09 pm
Forum: Investing - Theory, News & General
Topic: Market timing success?
Replies: 25
Views: 3314

Re: Market timing success?

M[/quote] I'm reading between the lines of some old reports but apparently his firm for years put people into a "mechanical" (rule-based) momentum based timing system, before he had his Eureka moment with Fama, French et al and developed his "Ultimate Buy and Hold" portfolio. I h...
by CedarWaxWing
Tue Dec 27, 2016 2:16 am
Forum: Investing - Theory, News & General
Topic: Cryptocurrency Hedge Funds (More Like VC Funds for Cryptocurrencies...)
Replies: 31
Views: 2588

Re: Cryptocurrency Hedge Funds (More Like VC Funds for Cryptocurrencies...)

One question I would have is if this area (the companies or the tokens themselves) are not really legitimate investments, I don't think we'd see the level of interest from the NYSE, Bank of Japan, Goldman Sachs, and pretty much every bank. (Not to mention the big name VC funds) The link in my previ...
by CedarWaxWing
Sun Dec 25, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: When to start pension
Replies: 26
Views: 2427

Re: When to start pension

My situation may be similar to yours in some ways but we don't know much about your tax protected accounts so this is what we decided to do: Our info: Me 65 male W 64 female Both have our own earnings records for SS but mine is sig more. Me: No pension W: small pension that increases payout until it...
by CedarWaxWing
Tue Dec 20, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on gifted shares of a mutual fund.
Replies: 8
Views: 802

Re: Capital gains on gifted shares of a mutual fund.

[/quote] Just an FYI .... The amount of cap gains that enjoys the 0% tax when you are in the 15% bracket is capped. The amount of LTCG that is taxed at the 0% level is: (37,650 - AGI - (LTCG + QD)). In other words, you subtract your LTCG+QD from your AGI, and only the difference between that amount ...
by CedarWaxWing
Tue Dec 20, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains on gifted shares of a mutual fund.
Replies: 8
Views: 802

Re: Capital gains on gifted shares of a mutual fund.

For the record, in regards to the other points that were brought up: My son is independent and a Phd Student who is 26 years old. Does his own taxes, lives separately... and therefore should be able to take advantage of the 0% cap gains. thanks again... to everyone on this site that help each other ...
by CedarWaxWing
Tue Dec 20, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains on gifted shares of a mutual fund.
Replies: 8
Views: 802

Re: Capital gains on gifted shares of a mutual fund.

The date(s) acquired and the cost on that date(s) (the cost basis) did not change when you gave him the shares. So holding period did not change. What was long-term remains long-term. What is short-term from purchasing more shares is still short-term. For instance, were any new shares purchased sin...
by CedarWaxWing
Mon Dec 19, 2016 7:11 pm
Forum: Investing - Theory, News & General
Topic: Sharpe and Passive Investing
Replies: 2
Views: 463

Re: Sharpe and Passive Investing

I do not think Sharpe was trying to discuss asset allocation... but if you take "market" in your note and replace that with "asset allocation"... It becomes evident that the question of passive vs active is his real issue, and his paper applies generally to what ever mutual fund ...
by CedarWaxWing
Mon Dec 19, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on gifted shares of a mutual fund.
Replies: 8
Views: 802

Capital gains on gifted shares of a mutual fund.

Scenario: I gave 21 K of a mutual fund that I had for years to my grad student son.... on Jan 12, 2015. IF the shares had been sold by me instead of gifted to him... all my gains would have been LT CG on Jan 12, 2015. It is now worth 23 K... Assuming that there were no distributions during the time ...
by CedarWaxWing
Wed Sep 28, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 109
Views: 17274

Re: TDBank promo just started easy $600

$25 MONTHLY "account maintenance fee" if your balance drops below $2,500? Holy cow, that's the most draconian such fee I've ever heard of. How can it cost them $25 a month to "maintain" an account? Are the accounts maintained by Bob Cratchit sitting on a high stool using a quill...
by CedarWaxWing
Wed Sep 28, 2016 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Comcast incorrectly told us there was an internet line - now what? - solved
Replies: 47
Views: 3673

Re: Comcast incorrectly told us there was an internet line - now what?

In the end, it ended up involving the title insurance and lawyers, and at least a threatened fraud/liability claim against the sellers (who's insurance looked to the cable company). A check was ultimately written by someone for the $14k and the service was extended. It took a good year to get settl...
by CedarWaxWing
Wed Sep 21, 2016 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 24794

Re: Evicting a tenant-Hire lawyer?

I guess people don't understand that there are different kinds of dead-beat behavior. A bum check for a car could be Grand Theft Auto and nothing to fool with. The first time I bought a vehicle with cash I was surprised that they let me drive away with a personal check. The sales guy just said that...
by CedarWaxWing
Mon Sep 19, 2016 12:26 pm
Forum: Personal Consumer Issues
Topic: Did you have a Mid Life Crisis? [Consumer related]
Replies: 103
Views: 11532

Re: Did you have a Mid Life Crisis? [Consumer related]

I traded my Dodge Caravan (two doors falling off, trans getting reading to go.. ) in on the "Junkers for Dollars program" in 2009.. for a Toyota Rav 4... does that count? ;)

That was as close as I could get to the OP topic.

M
by CedarWaxWing
Sat Sep 17, 2016 7:21 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 1717

Re: Sawzall and Batt Opertated tools questions?

Safe chain saw guidelines is to not cut above your head. I remember reading about a doctor using a chain saw. I don't remember the details, but it was probably something like on a ladder, cutting above his head. Something went wrong, and the chainsaw cut his juggler vein. Worst possible outcome. I r...
by CedarWaxWing
Sat Sep 17, 2016 4:37 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 1717

Re: Sawzall and Batt Opertated tools questions?

Is there a reason you are considering battery powered reciprocating saw over a pole pruner. For what you are describing, you'd be far better off with a gas powered (or battery) pole pruner like the Stihl HT line. Or, maybe better yet, would be the Stihl Kobmi System. This is a motor with interchang...
by CedarWaxWing
Sat Sep 17, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 1717

Re: Sawzall and Batt Opertated tools questions?

From my experience, battery operated tools are great for small projects and limited use. A battery operated drill uses less energy than a reciprocating saw and will last longer performing whatever duty you require it to do. I would suggest buying a used Sawzall with a cord and extension cords on Cr...
by CedarWaxWing
Sat Sep 17, 2016 2:56 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 1717

Sawzall and Batt Operated tools questions?

I am looking a sawzalls, for both fencing work, cutting down sapling pines (Lots), trimming large low branches up to about 20 feet up from firs and cedars, and serious cutting back of very large woody scrubs (i.e. Laurels and others). I have a LOT of trees and shrubs on my place and have been doing ...
by CedarWaxWing
Tue Sep 13, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Are Index Funds a Lousy Bet Right Now?
Replies: 28
Views: 4375

Re: Are Index Funds a Lousy Bet Right Now?

El Greco wrote:This Kiplinger writer seems to think so. What say you?

http://www.kiplinger.com/article/invest ... geid=15477



I say it is still a bad time to read Kiplinger. :)

M
by CedarWaxWing
Mon Sep 12, 2016 2:49 pm
Forum: Personal Consumer Issues
Topic: Best Flashlight to keep in home for emergency
Replies: 56
Views: 5559

Re: Best Flashlight to keep in home for emergency

I have all four of these and am very happy with each of them: 1. As two others have noted: A solar powered LED lantern from REI. If there is sun outside, a day of sun should give you more than a night of light. https://www.rei.com/product/100705/mpowerd-luci-original-inflatable-solar-lantern 2. My f...
by CedarWaxWing
Thu Sep 08, 2016 1:38 pm
Forum: Personal Consumer Issues
Topic: Breaking the iPhone cycle - Any Macbook users with Android Phones?
Replies: 49
Views: 4778

Re: Breaking the iPhone cycle - Any Macbook users with Android Phones?

My spouse has a moto x (Motorola) phone, mac laptop. My eldest has moto x phone, mac laptop, and windows desktop. My second has moto x, windows laptop and desktop. My youngest works in CS/EE job... has moto x, uses linux for his personal computer. We are all content with what we have and it works fi...
by CedarWaxWing
Thu Sep 08, 2016 1:15 pm
Forum: Personal Consumer Issues
Topic: Water turned off in building-urgent! [Problem Resolved]
Replies: 39
Views: 2778

Re: Water turned off in building-urgent!

Get familiar with your tenant rights... online or otherwise. 24 hours of a problem is not unreasonable if that is the end of it... Then again...if your landlord has a pattern of not doing repairs in a reasonable fashion... why not move? IF there is a pattern of tenant neglect... and repairs not happ...
by CedarWaxWing
Thu Sep 08, 2016 11:00 am
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 113
Views: 15161

Re: Do Bogleheads Budget?

We do not have a formal written budget... but do track what we spent last year to verify that we were being sensible or not... We have always been sensible... and tend to enjoy living a low key lifestyle. Having had 3 boys, much of our recreation was keyed to their school, athletic, and other family...
by CedarWaxWing
Tue Sep 06, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to go to grad school
Replies: 50
Views: 4828

Re: Convince me not to go to grad school

IF you feel motivated to go to med school, and have great grades, and presumably very good references from your job exposure to people who can write those references, you might want to consider a prep course for the MCATS and take them again. If you have decided to go another direction at this point...

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