Search found 3059 matches

by Dale_G
Thu Aug 16, 2018 12:37 am
Forum: Investing - Theory, News & General
Topic: OK, maybe Vanguard's website IS a little old... "56K dial-up..."
Replies: 19
Views: 2164

Re: OK, maybe Vanguard's website IS a little old... "56K dial-up..."

Wow, 56K is fast. I still remember the days of using a 300 baud (300 bits/sec) acoustic modem to access a remote computer running Basic. Long distance rates for the phone line were probably 25 cents/minute. I don't remember the cost of the computer time, but it wasn't cheap. The good old days. Dale
by Dale_G
Tue Aug 14, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2426

Re: RMD's: take distributions vs selling

Sheepdog, if your balanced funds were at a provider such as Vanguard, you could have exchanged part of the balanced fund proportionately into an equity fund and a bond fund, and then sold the bond fund to satisfy your RMD. You would have sold bonds to satisfy the RMD, not depressed equities. It woul...
by Dale_G
Tue Aug 14, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Confused on bond choice "noise"
Replies: 3
Views: 524

Re: Confused on bond choice "noise"

Yes jimmieg, it is mostly noise. The bond market is very efficient in pricing bonds. Basically shorter term and lower risk bonds will have lower returns. Longer term and higher risk bonds will have greater returns. Total Bond is medium return and medium risk. There is no free lunch. You probably hav...
by Dale_G
Mon Aug 13, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Experian email alert! "Your score decreased"
Replies: 37
Views: 3211

Re: Experian email alert! "Your score decreased"

I don't think the op is fretting.
by Dale_G
Sun Aug 12, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 1976

Re: Vanguard updated 1099 in August!

So, I am on pins and needles - what was the name of the fund?

Dale
by Dale_G
Sat Aug 11, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 115
Views: 7590

Re: [New Vanguard website layout starting Saturday, August 11]

If they retain the Balances and Holding view I'll be happy - otherwise its like being forced to wear new ill-fitting shoes every week for the next year. :annoyed

Dale
by Dale_G
Sat Aug 11, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 115
Views: 7590

Re: [New Vanguard website layout starting Saturday, August 11]

I visited this morning and the view was "defaulted" to the new layout. It is terrible for printing and the info is clipped in some displays. I am definitely not excited by the csv download to Excel. Fortunately, the Balances and Holdings page is still looks right, otherwise my monthly printout will ...
by Dale_G
Thu Aug 09, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1153

Re: Illiquidiity scenarios for Mutual Funds/ETFs

jhfenton wrote:
Thu Aug 09, 2018 6:43 pm
You would not want to "convert" in that case, because Vanguard converts at NAV. You would want to buy the heavily-discounted ETF and sell the mutual fund.
Yes, of course. My arbitrage brain lobe was asleep.

Dale
by Dale_G
Thu Aug 09, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1153

Re: Illiquidiity scenarios for Mutual Funds/ETFs

Flash Crash aside, in the event that the EFT version of a Vanguard mutual fund trades at a significant discount to NAV, the mutual fund itself could buy the ETFs and sell the underlying securities from the mutual fund account. And I will be happy to convert my mutual fund shares to ETF shares if I c...
by Dale_G
Wed Aug 08, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1138

Re: Bond Holding

He hasn't suggested an alternative core bond holding for us. It seems that at this point he is assessing our willingness to follow his general advice about getting out of VBTLX - - assets he doesn't manage. It may be as obvious as an adviser trying to increase his AUM , but I curious about the valu...
by Dale_G
Tue Aug 07, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1791

Re: Help me understand a 'Life Income Plan' ?

fastrak, there are no free lunches, despite the glowing projections of an insurance salesman. If this policy was really the answer, there would be a long line outside his office. Instead, the insurance salesman probably spends most of his time trying to get someone to come to the office. If you need...
by Dale_G
Tue Aug 07, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 837

Re: Premium Financed Indexed Life Insurance Policies

There are exceptions, but generally umbrella insurance is sold in conjunction with auto/homeowners insurance. RLI is one company that sells umbrellas to folks who insure their property and autos at other companies. The cost for a 1 million dollar policy could be in the range of $200-$400. The cost f...
by Dale_G
Tue Aug 07, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 20002

Re: "Don't Obsess About Expense Ratios"

I am glad that Fido has done the zero er thing. Competition is great - and more investors will get a better deal. But I ran the numbers for my own Total Stock Market in my taxable account. The capital gains are 68% of the holding. If I were to sell TSM at Vanguard and buy at Fido (and pay cap gain t...
by Dale_G
Sun Aug 05, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 837

Re: Premium Financed Indexed Life Insurance Policies

Andy, the first line of defense for asset protection is an adequate umbrella insurance policy. Check your state law for asset protection provided by annuities. An umbrella + term insurance + cheap variable annuities may suit your need much more effectively and far cheaper than this very expensive "l...
by Dale_G
Sun Aug 05, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 837

Re: Premium Financed Indexed Life Insurance Policies

Yeah, I have heard of these policies.

But question #1: Do you have any need for 10 million dollars of life insurance? Or are you just being dazzled by a slick insurance salesman?

Dale
by Dale_G
Fri Aug 03, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: First Home, quadplex???
Replies: 15
Views: 1438

Re: First Home, quadplex???

I never lived in a quadplex, but I owned several for 20 years decades ago - in a lower rent area at that. Take care with vetting tenants. I had very few problems with either tenants or vacancies. Sometimes, no calls for months on end. The fact that the OP intends to occupy a unit should reduce the h...
by Dale_G
Thu Aug 02, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: Respect the Magical Power of Mean Reversion
Replies: 20
Views: 2175

Re: Respect the Magical Power of Mean Reversion

I am still waiting for my railroad, canal and buggy whip companies to return to their former glory.

Dale
by Dale_G
Mon Jul 30, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6350

Re: Retirees: how much cash?

73% equities, 26.6% bonds, 0.4% cash. I have always kept a minimal amount in cash. Cash is not bad these days compared to bonds, but I won't be moving any money there. In the event of a need for loot, there is money available from muni funds (with negligible tax consequence) and I bonds. I just neve...
by Dale_G
Fri Jul 27, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 61
Views: 5599

Re: Vanguard Precious Metals and Mining Fund is changing

Well no worries about a capital gain distribution for a while. And it is unlikely that many investors have much of a capital gain in the fund.

Still, a very radical change. I owned the fund for a short time, probably 30 years ago. I'm glad I didn't "stay the course" :D

Dale
by Dale_G
Tue Jul 24, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: unrealized gains
Replies: 2
Views: 367

Re: unrealized gains

Too further put your mind at ease: the fund is unlikely to realize significant gains even if it is forced to sell stocks during a downturn when some panicked investors sell out. The fund will first sell the high cost shares purchased during the euphoria proceeding the down turn.

Dale
by Dale_G
Tue Jul 24, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2355

Re: How do you deal with a bear market?

Grt2bOutdoors wrote:
Tue Jul 24, 2018 4:49 pm
[I think you meant you got out in 1987 and back in 1992/1993.
I thought that is what I said. Actually I did get back into the equity market sooner, but I did not reach my 60% equity allocation until 1992/1993.

Dale
by Dale_G
Tue Jul 24, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2355

Re: How do you deal with a bear market?

I dabbled in the markets (without much money) in the 60's and 70's, so I don't even remember the bear markets of 1968 and 1973 (approximate dates). Since beginning to invest seriously in 1982, I have seen 3 bear markets > 20% declines and 10 corrections > 10% but < 20% declines. 1987 - the draw down...
by Dale_G
Sun Jul 22, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with tax-loss harvesting muni bonds
Replies: 9
Views: 757

Re: Help with tax-loss harvesting muni bonds

I plan on making this transaction on August 1 which will be 34 days since my last transaction with VWIUX
If you sell all shares there is no need to wait until August 1. There will be no possibility of a wash sale.

Dale
by Dale_G
Fri Jul 20, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: SSAFX a good Bond Fund? [State Street Aggregate Bond Index]
Replies: 5
Views: 348

Re: SSAFX a good Bond Fund?

This fund follows the same index as Vanguard's Total Bond fund. State Street is a very reputable company. Hopefully the expense ratio is in the order of 0.6% or less.

Dale
by Dale_G
Fri Jul 20, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: An unwanted Boat
Replies: 20
Views: 2492

Re: An unwanted Boat

Apply for a new title :oops:
by Dale_G
Tue Jul 17, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager
Replies: 10
Views: 1059

Re: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager

Okay, QGARP appears to be "Quality Growth at a Reasonable Price (QGARP) portfolio". This is likely not a fund, otherwise Morningstar would have known about it.

Dale
by Dale_G
Sun Jul 15, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing 85% of 401k contribution going to bonds
Replies: 21
Views: 2675

Re: Realizing 85% of 401k contribution going to bonds

Sometime in the distant future when you are subject to RMDs, you will be very glad that your equities were in taxable, Roth and HSA rather than in the 401k. The 401k is the right place to keep your bond allocation, so just grin and bear it.

My IRA is 100% bonds, ditto for #1 son.

Dale
by Dale_G
Fri Jul 13, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Know Your Investor Personality
Replies: 26
Views: 2751

Re: Larry Swedroe: Know Your Investor Personality

I guess we all have to give up and hire an FA. Does anyone know of a FA who doesn't have his/her own biases?

Dale
by Dale_G
Wed Jul 11, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 57
Views: 10506

Re: Vanguard - You'll need to sign up for security codes soon

According to my Vanguard rep required 2FA is being rolled out to 500,000 Vanguard clients now, but they expect to require all clients to use 2FA by the end of the year. It won't work well for son #2 stationed at a US military facility (a remote island east of Africa - south of India). There is no ce...
by Dale_G
Sun Jul 08, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets
Replies: 16
Views: 3639

Re: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets

I am now of a certain age where spending seems to involve some kind of work. We are finished with the travel thing after visiting 86 countries. House, car, furniture, clothes shopping is no fun. Fine dining requires a drive - and probably a collared shirt. Spending less requires no work at all. Afte...
by Dale_G
Tue Jul 03, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes for those drawing income
Replies: 9
Views: 928

Re: Taxes for those drawing income

My federal tax rate is lower in retirement than during my years as a working stiff. Nonetheless, my current taxes are greater than my gross Social Security benefit. I guess I could let SS withhold 100% of my net SS, but I prefer to pay the tax with -my year end RMD. I have done small Roth conversion...
by Dale_G
Tue Jul 03, 2018 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9368

Re: Affording a $1.8-2M house

I hate to mention the word "bubble", but both wages and housing cost are more than suspicious.

Dale
by Dale_G
Mon Jul 02, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18805

1800 Commission-Free ETFs

[Thread merged into here, see below. --admin LadyGeek] From Vanguard: What you can look forward to In August, you’ll have access to almost all ETFs—from Vanguard and more than a hundred other companies—commission-free when you invest online. We’re excluding inverse and leveraged ETFs because their ...
by Dale_G
Wed Jun 27, 2018 1:19 am
Forum: Personal Finance (Not Investing)
Topic: anyone working overseas? pros-cons?
Replies: 22
Views: 2438

Re: anyone working overseas? pros-cons?

Son #2 has been doing contract work for a while now. Seven months in the Antarctic (Pole & McMurdo), an "Undisclosed Location in South West Asia" (look it up), Djibouti, Kuwait and for the last year, another not identified location east of Africa. Company paid accommodations varied from a dorm room ...
by Dale_G
Sun Jun 24, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3188

Re: Compliments for Vanguard?

I've been with Vanguard since 1982. There was a minor glitch more than 20 years ago that was quickly resolved. I've also provided informal "advice" to six other account holders for up to 30 years without any issues. We are pretty low maintenance folks however.

Dale
by Dale_G
Thu Jun 21, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 58
Views: 5180

Re: How much of your taxable holdings is unrealized capital gains?

My capital gain on equities in the taxable account is 56% of the portfolio - and I am going to do my level best to work off a 6 figure capital loss at 3K per year against ordinary income. I am only going to have to live another 35 years. But really, I don't see a problem here. If I needed to spend s...
by Dale_G
Sun Jun 17, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Basic Inflation Questions
Replies: 21
Views: 1207

Re: Basic Inflation Questions

And it is not just that the basket of goods that cost $40,000 this year will cost (on average) $41,120 next year. The one million dollar portfolio that backs the withdrawal just lost $28,000 in buying power.

Dale
by Dale_G
Fri Jun 15, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: How confident are you with this scenerio?
Replies: 11
Views: 1574

Re: How confident are you with this scenerio?

Very confident. Your expenses are well aligned with your assets.

I don't think I would rent the home for 2K net/mo. That looks like a 2.4% return on a big hunk of capital - before taxes.

Dale
by Dale_G
Thu Jun 07, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Guidance About New Spouse's IRS Issues
Replies: 61
Views: 5602

Re: Guidance About New Spouse's IRS Issues

Thank you for the update - and I am glad the matter is resolve. Good luck going forward.

Dale
by Dale_G
Tue Jun 05, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitizing a deferred / variable annuity?
Replies: 41
Views: 2141

Re: Annuitizing a deferred / variable annuity?

The OP should check the "guaranteed" rate on annuitization. Interest rates were much higher 20 years ago, and the guaranteed rate could be in excess of 4%. Five years ago I annuitized a couple of Vanguard annuities. One for a fixed period of 10 years and and the other for 23 years. The guaranteed ra...
by Dale_G
Sun Jun 03, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: Taxable Investing if Not Worried About Capital Gains
Replies: 9
Views: 1527

Re: Taxable Investing if Not Worried About Capital Gains

I also have a 6 figure tax loss carry-forward left over from 2008/2009. The index funds in taxable have zippo capital gains distributions, and at 81 YO, it is most unlikely that I will every use up the loss carry-forward against ordinary income at $3,000 per year. So I feel comfortable with holding ...
by Dale_G
Wed May 30, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: 15% rate of return in last 15 years can I expect the same in next 16 years
Replies: 39
Views: 4181

Re: 15% rate of return in last 15 years can I expect the same in next 16 years

Note: The OP is talking about an increase in "net worth", not investment return. With a family income of 500K and a total net worth of 4 million, 15% per annum isn't a big surprise over the past 15 years.

Dale
by Dale_G
Sun May 27, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: What was your experience inheriting assets held at Vanguard?
Replies: 24
Views: 2287

Re: What was your experience inheriting assets held at Vanguard?

The individual funds do not get liquidated. The fund shares in each account get divided and are moved "in kind" to accounts properly set up accounts of the beneficiaries.

Dale
by Dale_G
Sat May 26, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: What was your experience inheriting assets held at Vanguard?
Replies: 24
Views: 2287

What was your experience inheriting assets held at Vanguard?

I am not doing the inheriting, but if there is anything leftover after I am gone, my heirs will have the experience. My question is: How did it go?

Dale
by Dale_G
Thu May 24, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Exiting a variable annuity
Replies: 12
Views: 1194

Re: Exiting a variable annuity

sergeant wrote:
Thu May 24, 2018 3:42 pm
I doubt it. Show your numbers AFTER you (or IRA provider) receive the check.
Since this is a variable annuity purchased 1-1/2 years ago, it could well have appreciated more than the 5% exit fee.

Dale+-
by Dale_G
Thu May 24, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Exiting a variable annuity
Replies: 12
Views: 1194

Re: Exiting a variable annuity

I agree Frank, bite the bullet. Lesson learned, get on with life.

Dale
by Dale_G
Fri May 18, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Moving taxable investments...tax-free?
Replies: 17
Views: 2164

Re: Moving taxable investments...tax-free?

No Linus, almost without exception , you can move the funds from one brokerage to another "in kind" without needing to sell. But it is probably a good idea to "tax harvest" while you are in zero capital gains tax status. If you have proprietary funds from the likes of ED Jones, you may not be able t...
by Dale_G
Thu May 17, 2018 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about self-managing my account
Replies: 25
Views: 1579

Re: Thinking about self-managing my account

At a 28% tax rate I think you will want to stick with munis - and forget Total Bond Market in the taxable account. And I would be pretty sure your planned early expenditures are what brought the limited term muni into play. No harm done, but if you want to consolidate the bond funds, it might be pre...