Search found 2629 matches

by Dale_G
Thu May 26, 2016 10:14 pm
Forum: Investing - Theory, News & General
Topic: The problem with predictions: Will 2000-Era Retirees Experience the Worst Retirement Outcomes in U.S. History?
Replies: 19
Views: 2022

Re: The problem with predictions: Will 2000-Era Retirees Experience the Worst Retirement Outcomes in U.S. History?

I retired in October 2001, just after 9/11. It didn't seem like an auspicious time to retire. In the ensuing years inflation has reduced the buying power of my minimalist pension by 25%, SS has kept even, but the portfolio has grown by 56% in real terms. So much for the lost years. I have confidence...
by Dale_G
Tue May 24, 2016 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: how to utilize my annuity in portfolio allocation
Replies: 21
Views: 1181

Re: how to utilize my annuity in portfolio allocation

[OT comment removed by admin LadyGeek] The second thing you should do is to look at your contract and the various annuitizing options available to you. You can let the contract ride - or annuitize for life, joint life (with or without a term certain), for a specific number of payments, or other opt...
by Dale_G
Sat May 21, 2016 8:05 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on this? [Why advisors don't like target funds]
Replies: 21
Views: 2576

Re: Any thoughts on this? [Why advisors don't like target funds]

Probably the stupidest article I've read in a long time. Advisors would be hard pressed to make any money suggesting a single target date fund with an added 1% aum. Better to suggest a hodgepodge collection of 20 or 30 yesteryear's better performers - and then hope the client doesn't wise up. That i...
by Dale_G
Sat May 21, 2016 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Rollover - silly concern
Replies: 27
Views: 1687

Re: Rollover - silly concern

In nearly 70 years of using the USPS no mail has ever been lost - except rent checks from tenants who later turned out to be deadbeats. I believe most roll-overs are done by check. I think it actually provides an additional level of security. The check will be made out to Vanguard for benefit of &qu...
by Dale_G
Fri May 20, 2016 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you put emerging market bonds?
Replies: 1
Views: 189

Re: Where do you put emerging market bonds?

I have VWOB, the Vanguard Emerging Markets Bond Fund ETF in my traditional IRA. Since you have limited space for REITS and EMB it probably doesn't make a whole lot of difference where you hold either of them as long as it is not in a taxable account. Since REITS are likely to have a higher return th...
by Dale_G
Fri May 20, 2016 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis problem with Vanguard re inherited assets
Replies: 16
Views: 1292

Re: Cost basis problem with Vanguard re inherited assets

Reguarding VNQ: I didn't look earlier in 2014, but from the December 2014 dividend payout through December of 2015 (five dividends) VNQ paid out $1.32 in dividends characterized as "return of capital". When capital is returned it reduces the cost basis. The trustee may not have considered ...
by Dale_G
Thu May 19, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Tax Efficient Allocations in Taxable and Tax Deferred Accounts
Replies: 3
Views: 362

Re: Tax Efficient Allocations in Taxable and Tax Deferred Accounts

When I retired nearly 15 years ago my assets were 1/3rd in a taxable account and 2/3rds in a traditional IRA - with a very small Roth. Today, the taxable account amounts to 2/3rds and the deferred accounts is 1/3rd. To the extent possible, I always held equities in the taxable account and bonds in t...
by Dale_G
Wed May 18, 2016 6:55 pm
Forum: Investing - Theory, News & General
Topic: Is anyone here currently getting an annuity payout?
Replies: 19
Views: 2092

Re: Is anyone here currently getting an annuity payout?

My annuity payments arrive in my Prime MM account like clockwork 1 or 2 days before they are due. Sometimes 3 days early if the pay date is on a weekend.

Dale
by Dale_G
Sun May 15, 2016 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: VG Transaction Email Alerts - show too much?
Replies: 5
Views: 562

Re: VG Transaction Email Alerts - show too much?

Mutual fund: The following money movement request was submitted on 01/15/2016 at 2:59 PM, Eastern time: From:Vanguard Total Bond Market Index Fund Admiral Shares in account ending in 6175 in the amount of $10,000.00 To:Vanguard Total Stock Market Index Fund Admiral Shares in account ending in 6175 B...
by Dale_G
Sat May 14, 2016 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: VG Transaction Email Alerts - show too much?
Replies: 5
Views: 562

Re: VG Transaction Email Alerts - show too much?

I prefer to see the details. It assures me that I didn't do anything dumb.

Dale
by Dale_G
Fri May 06, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment of Benefits Riches
Replies: 9
Views: 3096

Re: Embarrassment of Benefits Riches

Mingus wrote:
celia wrote:Mingus, I doubt that medical and dental insurances would coordinate benefits with each other. Sounds like you have an unusual combination.


I have no idea. But it works out for me. And apparently my dentist as well.


I think that is called fraud - on the part of the dentist.

Dale
by Dale_G
Thu May 05, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment of Benefits Riches
Replies: 9
Views: 3096

Re: Embarrassment of Benefits Riches

anonenigma wrote: .... but if she had a few thousand in bills, we'd benefit from double coverage.


Maybe I misunderstand your thinking, but you will not be able to collect from both policies for the same incident/procedure.

Dale
by Dale_G
Sun May 01, 2016 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Annuitizing a Tax Sheltered Annuity
Replies: 5
Views: 604

Re: Annuitizing a Tax Sheltered Annuity

If the actuaries have done their job properly all of the payout options are "fair" based on the average life expectancy of the annuity owners. The annuitant gets to pick and choose depending on how he views his own chances of passing into the great beyond sooner or later. From the economic...
by Dale_G
Fri Apr 29, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Core Bond Fund Corporate Holdings:Update 5/5
Replies: 8
Views: 879

Re: Core Bond Fund Corporate Holdings

So 211 bonds - seems like the answer reflected the number of bonds in the portfolio rather then the percent of assets held in corporates.

Dale
by Dale_G
Wed Apr 27, 2016 7:49 pm
Forum: Investing - Theory, News & General
Topic: "Save $52,000 on Financial Advice" Forbes
Replies: 103
Views: 12069

Re: "Save $52,000 on Financial Advice" Forbes

Back to the original topic. I began investing at Vanguard 34 years ago after I had two nickels to rub together, so I caught on to low cost investing early in the game. I never paid a dime for "professional" advice. My records only go back 26 years but I decided to determine what things mig...
by Dale_G
Tue Apr 26, 2016 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Investment/financial advisor help
Replies: 14
Views: 1120

Re: Investment/financial advisor help

Go slow here mantooth, you are early in the game and there is much to learn. It isn't clear exactly what you have and where you have it, but moving money into load funds is likely to be a huge mistake - 4.5% of your money will disappear in a blink of your eye. My advice is to do absolutely nothing u...
by Dale_G
Tue Apr 26, 2016 12:20 am
Forum: Investing - Help with Personal Investments
Topic: timing when to make an exchange
Replies: 4
Views: 425

Re: timing when to make an exchange

With Vanguard bond mutual funds the dividends are accrued. If you sell before the dividend date you will receive the dividends you are entitled to. For Vanguard equity mutual funds and both bond and equity ETF funds any dividends are effectively accounted for in the price you pay or receive. Basical...
by Dale_G
Tue Apr 19, 2016 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: How to take payments from an annuity
Replies: 5
Views: 508

Re: How to take payments from an annuity

Three years ago, I annuitized Vanguard annuities for my wife and I (then aged 78 and 76 respectively) for fixed terms of 23 and 10 years. I had no interest in spending the money, but figured I would make things simpler for the heirs. And the odds are that the heirs will receive the remaining payment...
by Dale_G
Sun Apr 17, 2016 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: tax strategy to sell company stock (or any stock)?
Replies: 11
Views: 937

Re: tax strategy to sell company stock (or any stock)?

My wife has ~$15k CVS stock from her company stock options. We are thinking of selling because it sounds like a bad idea to hold that much in a single company. It'd be long term capital gains rate. My friend said if we sell and buy something else right away then itd be beneficial for taxes (althoug...
by Dale_G
Fri Apr 15, 2016 4:01 pm
Forum: Investing - Theory, News & General
Topic: Did the brokers just get lucky?
Replies: 16
Views: 2595

Re: Did the brokers just get lucky?

And you don't hear about the other tips that don't turn out well. I don't know that many gamblers, but of the ones I do know, they always come back winners.

Dale
by Dale_G
Tue Apr 12, 2016 10:44 pm
Forum: Investing - Theory, News & General
Topic: Do you use emerging markets bonds? If so, why?
Replies: 18
Views: 1704

Re: Do you use emerging markets bonds? If so, why?

Nisiprius said: EM bonds are wrong for me. It's a bold move that might well appeal to risk-takers and might well pay off, but I don't make bold moves in my bond allocation. I guess I am a risk taker. About 8% of my bond holdings are in Vanguard VWOB and PowerShares PCY. Both are Dollar denominated ...
by Dale_G
Fri Apr 08, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS Identity Protection Pin (lost)
Replies: 3
Views: 268

Re: IRS Identity Protection Pin (lost)

Yep, apparently I need a live person. It took a while to figure out how to reach one. I finally stumbled on it. Now I am waiting - wait time expected to be 30-60 minutes :(

Thanks for encouraging me to try for a live one despite the opacity of the decision tree choices.

Dale
by Dale_G
Fri Apr 08, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: IRS Identity Protection Pin (lost)
Replies: 3
Views: 268

IRS Identity Protection Pin (lost)

Through a series senior moments on my part, I lost my IRS pin. So I went to 800 908-4490 - entered 5 then 2 then 7 to get through the decision tree. I entered SSN, MFJ, DOB and street number - and was issued a five digit number. Great, except that TurboTax is looking for a six digit number. Where di...
by Dale_G
Fri Apr 08, 2016 12:17 am
Forum: Personal Finance (Not Investing)
Topic: How do I report the sale of a really old mutual fund where I have no purchase records?
Replies: 20
Views: 1912

Re: How do I report the sale of a really old mutual fund where I have no purchase records?

... snip ... whereas I believe in being scrupulously honest, so I'm willing to pay Long Term capital gains on the whole amount (approx $14K) , but I'm not willing to pay Short Term, except for whatever fractional shares were acquired by dividend reinvestment last year ) because I can prove it's not...
by Dale_G
Tue Apr 05, 2016 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Thought I was on the right track, but apparently not
Replies: 60
Views: 4999

Re: Thought I was on the right track, but apparently not

The 85% of current income is the problem - it is probably much much more than your retirement spending. Subtract your FICA tax and your present savings for starters. Send the kids off to do their own thing. Very few people spend anything like 85% of gross pre-retirement wages after retirement. Lots ...
by Dale_G
Tue Apr 05, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Thought I was on the right track, but apparently not
Replies: 60
Views: 4999

Re: Thought I was on the right track, but apparently not

The 85% of current income is the problem - it is probably much much more than your retirement spending. Subtract your FICA tax and your present savings for starters. Very few people spend anything like 85% of gross pre-retirement wages after retirement. Lots of expenses disappear or are sharply redu...
by Dale_G
Thu Mar 31, 2016 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 2993

Re: pulling the trigger

John, this is not tax loss harvesting. It is selling both winning and losing stocks and investing the proceeds in a broad market fund. No capital gains tax will be due if the losses are equal to or greater than the gains. It is a very simple procedure. No deep thought is required. Dale Dale, have y...
by Dale_G
Thu Mar 31, 2016 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 2993

Re: pulling the trigger

John, this is not tax loss harvesting. It is selling both winning and losing stocks and investing the proceeds in a broad market fund. No capital gains tax will be due if the losses are equal to or greater than the gains. It is a very simple procedure. No deep thought is required. Dale Dale, have y...
by Dale_G
Thu Mar 31, 2016 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 2993

Re: pulling the trigger

John, this is not tax loss harvesting. It is selling both winning and losing stocks and investing the proceeds in a broad market fund. No capital gains tax will be due if the losses are equal to or greater than the gains. It is a very simple procedure. No deep thought is required.

Dale
by Dale_G
Thu Mar 31, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: pulling the trigger
Replies: 28
Views: 2993

Re: pulling the trigger

Mitch, you give no indication of the size of these positions. That's okay, but you have to do a little homework. Determine the cost basis of each of your holdings, then sell all of the losers - and then sell at least portions of the gainers to the extent you are willing to realized net capital gains...
by Dale_G
Wed Mar 30, 2016 11:17 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Investors’ Message to Hedge Funds: We Are Replacing You With Clones
Replies: 8
Views: 1438

Re: WSJ: Investors’ Message to Hedge Funds: We Are Replacing You With Clones

... snip ...i said that it was very very obvious you may have wanted to load up commodity/energy/em market stocks in early-mid 2000's and that you may have wanted to absolutely load up on biotech stocks this last 5-6 years. again, very very obvious stuff (not that it would work for sure or anything...
by Dale_G
Wed Mar 30, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 6275

Re: What is your current Cash to Investment ratio?

My cash assets consist of checking and money market accounts. I don't hold any other cash investments. At the moment I am a little high at 0.81% of assets (excluding home, etc.). The only reason I hold more than 0.2% cash is that it eliminates any need to check the bank balance more frequently than ...
by Dale_G
Fri Mar 25, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Buckets or 3 Buckets in Retirement??
Replies: 65
Views: 6363

Re: 2 Buckets or 3 Buckets in Retirement??

No buckets per se. Cash is a bit high at 0.6% of the portfolio. The bonds portion of the portfolio should last longer than I do, but if I need to withdraw funds it will not automatically be from bonds. It will be in a manner that maintains my asset allocation. The problem with using spending "b...
by Dale_G
Fri Mar 25, 2016 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Total newbie, late starter, freaking out a little ...
Replies: 13
Views: 1792

Re: Total newbie, late starter, freaking out a little ...

... snip... I have a rollover from a previous job – It is with Axa. Retirement Cornerstone Series 11.0 B (traditional IRA) Axa's website is inscrutable so I don't know the ticker or expense ratio. I have around $14,449.42 just sitting and collecting dividends/interest. I’m really worried about our ...
by Dale_G
Thu Mar 24, 2016 10:32 pm
Forum: Investing - Theory, News & General
Topic: Article by Michael Kitces makes the case that gov. bonds are a better diversifier than corporates (against the S&P500)
Replies: 34
Views: 3142

Re: Article by Michael Kitces makes the case that gov. bonds are a better diversifier than corporates (against the S&P50

There is little doubt that treasuries are a better diversifier than corporates if the objective to to reduce portfolio volatility in times of equity market stress. The reduction in volatility with treasuries comes with a cost in terms of lower returns however. For those who do not care about volatil...
by Dale_G
Tue Mar 22, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate nest egg at Vanguard?
Replies: 29
Views: 2479

Re: Consolidate nest egg at Vanguard?

If you are interested in diversifying on the bond front (likely in tax-deferred), Vanguard has a variety of low cost bond funds. Most bond funds at Fido are considerably more expensive than the comparable Vanguard funds. I have no beef with Fido. From 1987 to 2001 my 401k was at Fido. When the time ...
by Dale_G
Sun Mar 20, 2016 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Bond Funds
Replies: 5
Views: 1027

Re: Vanguard Bond Funds

The new bond fund will not perform like an IPO where prices are determined by supply and demand for an individual stock. The price on the first day the fund goes live could be a few cents more or less than the $20 subscription price depending on what Vanguard has to pay for the bonds during the day ...
by Dale_G
Sat Mar 19, 2016 11:21 pm
Forum: Investing - Theory, News & General
Topic: "You Are Thinking About Risk All Wrong"
Replies: 26
Views: 3232

Re: "You Are Thinking About Risk All Wrong"

I think rolling 20 or XX year returns are more relevant to most investors than some number of "independent periods". I began seriously investing in 1982 (a good year to start, but the funds available for investment were small) and I retired in 2001 - in theory I am now deccumulating. At pr...
by Dale_G
Tue Mar 15, 2016 12:07 am
Forum: Investing - Theory, News & General
Topic: VTSMX vs VTI
Replies: 3
Views: 691

Re: VTSMX vs VTI

I noticed today that VTI (Vanguard Total Market Index ETF) lost .12 and 12% from yesterday's price. Yet VTSMX (Vanguard Total Stock Market Index Fund) was down 62% from yesterday's price. Since the ETF and Fund usually mirror each other's returns, do you know why today's close had a markedly differ...
by Dale_G
Sun Mar 13, 2016 9:57 pm
Forum: Investing - Theory, News & General
Topic: Difference in Equity sector diversification on Vanguard site
Replies: 11
Views: 681

Re: Difference in Equity sector diversification on Vanguard site

Surely you know that was a running joke. The actual process when requesting test data from the QC lab is that they would always ask "What number do you want?" Sorry about that! In my biz, QC/QA was not a joking matter. I confess however to sometimes taking a 2nd BP measurement if I don't ...
by Dale_G
Sun Mar 13, 2016 9:33 pm
Forum: Investing - Theory, News & General
Topic: Difference in Equity sector diversification on Vanguard site
Replies: 11
Views: 681

Re: Difference in Equity sector diversification on Vanguard site

I don't have a serious answer to your question, but whenever I had anything to do with quality control testing we always followed the rule of taking three data points in order to determine which of the first two was correct . I wonder what you get from Morningstar or some other online source. That ...
by Dale_G
Sun Mar 13, 2016 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account help
Replies: 12
Views: 828

Re: Taxable account help

OK, I get it, I can accept some risk to principal, my main goal is to generate income. Maybe Vanguards VWAHX would be a good choice, fed tax free and should have limited risk. You didn't provide enough information for folks to make any specific suggestions. Muni's might be reasonable if you are in ...
by Dale_G
Sat Mar 12, 2016 6:20 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13693

Re: [Vanguard Core Bond Fund opens to investors]

I agree that the new Core Bond fund is not likely to outperform Total Bond market by more than a few basis points on a risk adjusted basis - particularly if it reaches a large size. The Fixed Income Group uses "sampling" in Total Bond to replicate the Barclay's index, so there is already a...
by Dale_G
Fri Mar 11, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13693

Re: [Vanguard Core Bond Fund opens to investors]

I think I will bite and move a little TBM to the Admiral shares (VCOBX). I am at least 51% confident that the managers can overcome the 8 bp increase in er. Only time will tell whether the managed fund has higher risk. We can revisit this 5 or 10 or 15 years down the line. I won't buy during the sub...
by Dale_G
Thu Mar 10, 2016 11:48 pm
Forum: Investing - Theory, News & General
Topic: where is the fee hiding?
Replies: 16
Views: 1843

Re: where is the fee hiding?

Let me churn a million dollars worth of load funds a year for your friend, and I'll be happy to use a couple of ETFs.

Dale
by Dale_G
Mon Mar 07, 2016 2:19 am
Forum: Investing - Theory, News & General
Topic: Asset location strategies for taxes are OK; but not great
Replies: 75
Views: 8359

Re: Asset location strategies for taxes are OK; but not great

snip... Correct me if I'm wrong, but isn't there an advantage to having bonds in Roth over traditional due to tax free withdraw if you anticipate high income in retirement? Conversely you would want equities in traditional due to LTCG likely taxed at 15%? Obviously if your retirement income is going...
by Dale_G
Sat Mar 05, 2016 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Do You Give Your Friends Investment Advice?
Replies: 58
Views: 4231

Re: Do You Give Your Friends Investment Advice?

I give advice to relatives who ask, but not to "friends". The relatives have so far been smart enough to follow the advice. Goodbye EFJ, Ameriprise and Merrill. Good riddance. I know some are hesitant to provide advice because they are concerned about being blamed if the market turns south...
by Dale_G
Sat Mar 05, 2016 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: [In need of advice.... Day trading - What am I missing?]
Replies: 20
Views: 1581

Re: [In need of advice.... Day trading - What am I missing?]

Congratulations bullintrading on your 2.9% daily returns. At this rate you will increase your initial investment by a factor of 22 over the next year - and even better a factor of 484 over the next two years - or maybe not. If you buy and sell equities on a purely random basis (throwing darts at the...
by Dale_G
Sat Mar 05, 2016 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) age 50 or better Alternative?
Replies: 13
Views: 862

Re: 401(k) age 50 or better Alternative?

I've been a landlord - and didn't do badly. But I sure wished I would have had a low cost 401k available in those days. Rental property can be okay, but it is often better on paper than it is in practice. I began investing in a 401k in 1982 and retired in 2001. In the ensuing 19 years I saved/made a...

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