Search found 2556 matches

by Dale_G
Fri Jan 29, 2016 1:38 am
Forum: Investing - Theory, News & General
Topic: Rebalancing, another study
Replies: 94
Views: 7292

Re: Rebalancing, another study

I enjoyed reading the article because the author crunched the numbers for various asset allocations, but what is new here? I have been using "drift" to rebalance for about 25 years. I don't see that it is any different than using "bands". I rebalance rigorously. Only time will te...
by Dale_G
Wed Jan 27, 2016 11:22 pm
Forum: Investing - Theory, News & General
Topic: College endowments gain 2.4 percent in worst showing since 2012
Replies: 16
Views: 1675

Re: College endowments gain 2.4 percent in worst showing since 2012

Actually they did pretty good - they only trailed my plain vanilla portfolio by 3.4% :D

Dale
by Dale_G
Tue Jan 26, 2016 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Changing AA in a down market
Replies: 14
Views: 1070

Re: Changing AA in a down market

I decided towards the end of 2015 that the Target Retirement fund that makes up the vast majority of my retirement portfolio was too stock-heavy (82% stocks/18% bonds) for my age (43) and risk tolerance. My plan was to move all of that money to a more conservative TR fund with 67% stocks/33% bonds....
by Dale_G
Mon Jan 25, 2016 1:08 am
Forum: Investing - Theory, News & General
Topic: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"
Replies: 16
Views: 2420

Re: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"

I had to chuckle at Dale's "volatility is my friend" comment. Indeed, I believe volatility is my friend. If not for the volatility of equities, the expected return of the equity markets would be barely above that of CDs. I also believe I have collected something like a 0.5%/annum rebalanc...
by Dale_G
Mon Jan 25, 2016 12:27 am
Forum: Investing - Theory, News & General
Topic: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"
Replies: 16
Views: 2420

Re: Zweig WSJ: "Market ‘Capitulation’ Is Nowhere in Sight (So Far)"

Capitulation is difficult to define, but like pornography, you know it when you see it.

I see nothing like capitulation in the recent market performance, but I do see some worry.

Dale
by Dale_G
Mon Jan 18, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Buckets for a retiree?
Replies: 55
Views: 4688

Re: Buckets for a retiree?

I am a believer in "buckets" as long as they are small. At the moment my cash bucket is 0.68% of the portfolio to handle the next few months of expenses (assuming the SS payment does not arrive). The other 99.32% of the portfolio is invested in equities and bonds spread over taxable and ta...
by Dale_G
Thu Jan 14, 2016 12:34 am
Forum: Investing - Theory, News & General
Topic: Sentiment Chart Cycle
Replies: 19
Views: 1320

Re: Sentiment Chart Cycle

Well the market certainly seems "anxious" at the moment. I am ever the optimist however. I need another 27 S&P500 points to the downside before I begin rebalancing. After 2008/2009 I decided I will no longer attempt to rebalance to target, but will simply add fixed dollar amounts to eq...
by Dale_G
Fri Jan 08, 2016 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: 2000-2005 Retirees please share your wisdom
Replies: 8
Views: 1226

Re: 2000-2005 Retirees please share your wisdom

I retired in October 2001 at age 64 - shortly after 9/11. At that time the crystal ball definitely looked cloudy. I was 55% equities but did not get caught up in the tech frenzy. The portfolio only dropped about 10% to the market lows in July of 2002. I increased equities to 60%. And when ten years ...
by Dale_G
Fri Jan 08, 2016 12:28 am
Forum: Investing - Help with Personal Investments
Topic: MassMutual Variable Annuity
Replies: 9
Views: 761

Re: MassMutual Variable Annuity

EasilyConfused, this is a typical high cost Variable Annuity. Low cost Variable Annuities are suitable for a very small number of investors. High cost Variable Annuities are only good for the insurance company (and the insurance company investors). You can see the prospectus for this annuity at: htt...
by Dale_G
Fri Jan 08, 2016 12:01 am
Forum: Investing - Help with Personal Investments
Topic: HELP Selling $325,000 of my mothers RMUNX Rochester NY MUNI need advice
Replies: 15
Views: 1162

Re: HELP Selling $325,000 of my mothers RMUNX Rochester NY MUNI need advice

The other folks are right erik. RMUNX is probably not appropriate for your mom, but there is no way to suggest any alternative investments without knowing the big picture. We know you want to do the right thing, but it is impossible to know whether your proposed plan is reasonable or not without a b...
by Dale_G
Fri Jan 01, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: VG IRA surviving spouse automatic rollover?
Replies: 5
Views: 357

Re: VG IRA surviving spouse automatic rollover?

There are no defaults. The beneficiaries must contact Vanguard to provide direction.

Dale
by Dale_G
Mon Dec 28, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: vwehx [Vanguard Hi-Yield Corporate Fund]
Replies: 52
Views: 2868

Re: vwehx

Wow. :shock: So ~30% of high yield bonds are held by oil frackers, who many folks are betting will be wiped out in the next year or two. Is this fund promising a 30% dividend? The slow drawdown of this fund over the last 8 mos (value with dividends peaked in April 2015) is presumably due to smart m...
by Dale_G
Wed Dec 09, 2015 11:08 pm
Forum: Investing - Theory, News & General
Topic: effect of possible rate increase on annuities
Replies: 6
Views: 592

Re: effect of possible rate increase on annuities

And annuity rates will probably be "sticky". That is they will probably lag any actual changes in long term bond rates.

CD's will behave in a similar fashion if history is any guide.

Dale
by Dale_G
Sun Nov 29, 2015 10:53 pm
Forum: Investing - Theory, News & General
Topic: optimal Frequency for for periodic investment in a taxable account
Replies: 24
Views: 2769

Re: optimal Frequency for for periodic investment in a taxable account

If you can convince your employer to pay you daily, then daily investment would be likely to provide the highest returns. Since most employers don't pay daily (except for some jobs that don't pay very well), the best option is to invest every pay day whether weekly, biweekly, bimonthly or any other ...
by Dale_G
Sat Nov 28, 2015 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Would you consider an eventual inheritance?
Replies: 43
Views: 5937

Re: Would you consider an eventual inheritance?

I really suggest the OP talk to the parents about his early retirement concerns. I've told both of my sons they should retire before 55 - and if their own money runs low I will gift them enough to live as comfortably as I do. I make gifts now, which go directly to their investment accounts, but it i...
by Dale_G
Fri Nov 27, 2015 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing in EE bonds without a (bricks and mortar) bank
Replies: 4
Views: 619

Re: Cashing in EE bonds without a (bricks and mortar) bank

I would call local banks to check. Many banks will cash savings bonds regardless of whether you have an account or not as long as you have you have state or federal ID. They may however limit the amount that can be cashed at any one time to $1,000.

Dale
by Dale_G
Mon Nov 23, 2015 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Quick and Simple Explanation Please [of low 1yr gains]
Replies: 8
Views: 931

Re: Quick and Simple Explanation Please

Your funds are perfectly fine. Over the past year: Total Stock market up about 4% Total International down about 5% Total Bond up about 1.8% REIT up about 5% So, overall a reasonably balanced portfolio will have only a small gain this year. Maybe next year will have a big upside - or downside, but o...
by Dale_G
Wed Nov 18, 2015 12:04 am
Forum: Investing - Theory, News & General
Topic: Take RMDs in Jan or Dec? (if investing, not spending RMDs)
Replies: 45
Views: 4704

Re: Take RMDs in Jan or Dec? (if investing, not spending RMDs)

... snip ... Two questions: 1. How does the IRS know what quarter the RMD was taken? I don't see a date field on my 1099-R. 2. If I normally get a refund, do I have to worry about any estimated tax penalty given the small amount? 1. If you requested your RMD electronically, the feds probably could ...
by Dale_G
Mon Nov 16, 2015 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes for surrendering annuity?
Replies: 13
Views: 973

Re: Taxes for surrendering annuity?

Keeping it simple. On full surrender there will be no taxes on this transaction. The contract owner will have a small tax loss.

Dale
by Dale_G
Mon Nov 16, 2015 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: For those of you who hold an allocation to the High Yield Corporate Bond Fund, what percentage of your bond allocation?
Replies: 17
Views: 1334

Re: For those of you who hold an allocation to the High Yield Corporate Bond Fund, what percentage of your bond allocati

15% of the bond portfolio is in VWEAX, but I also hold about 8% in high yielding Emerging Market bonds - both in a tax deferred account. I have only held the EM bonds for a few years, but have held Vanguard's HY bonds almost all of the time over the past 30 years. High yield bonds are a diversifier ...
by Dale_G
Sun Nov 15, 2015 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes for surrendering annuity?
Replies: 13
Views: 973

Re: Taxes for surrendering annuity?

... snip .. Account Type (Tax Market): Non-Qualified Purchase price: $60,000 Current Account Value: $65,130.63 Cash Surrender Value: $59,524.66 If we surrender the policy, would we owe any taxes? Taxes are owed on gains only, correct? Are the taxes based upon the (surrender value - purchase price) ...
by Dale_G
Sat Nov 14, 2015 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience with Merrill Lynch DTAQ strategy?
Replies: 14
Views: 1170

Re: Anyone have experience with Merrill Lynch DTAQ strategy?

... snip ... More positively, going forward, any recommendations for placing a half million dollar account with a manager for total return for a 75 year old retiree with some other accounts? Moderate to mildly conservative investor. Why not look at Vanguard Life Strategy or Target Date funds. They ...
by Dale_G
Sat Nov 14, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Genetic Testing for Job Application
Replies: 29
Views: 3413

Re: Genetic Testing for Job Application

At least one company I know of obtains a DNA sample after employment (but as a condition of continued employment). The purpose is to help in identification in case things go really wrong while on the job.

Dale
by Dale_G
Thu Nov 12, 2015 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity pros and cons
Replies: 26
Views: 2302

Re: Annuity pros and cons

Mule, you are being stubborn about providing additional information - this may be typical of someone with a screen name of mule :) . I own(ed) annuities and am quite happy with the results. I did not have to take any money out at any time, but I did end up by annuitizing at age 75. There are many fl...
by Dale_G
Tue Nov 10, 2015 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decision re: Transamerica retirement income
Replies: 9
Views: 775

Re: Help with decision re: Transamerica retirement income

It isn't clear exactly which Transamerica annuity or annuity + rider you are looking at. I did go to the Transamerica site and look at the Transamerica Landmark annuity prospectus which has a Retirement Income Choice 1.6 rider available. The Landmark annuity is a typical high expense variable annuit...
by Dale_G
Tue Nov 03, 2015 10:04 pm
Forum: Investing - Theory, News & General
Topic: Property Management Co Claims Loophole
Replies: 11
Views: 1375

Re: Property Management Co Claims Loophole

The loophole: His company leases the property from you for the purpose of subletting it. The agreement indicates that there is no rent in months where it is not sublet. There may be a problem of communication and or definitions here, but it is quite clear that if the property is not rented/sublet, ...
by Dale_G
Sun Nov 01, 2015 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard alert [Unclaimed property notice]
Replies: 53
Views: 6189

Re: Vanguard alert [Unclaimed property notice]

Sure, you get to recover escheated property, but it might not be nice if it were a taxable account with large capital gains or a "total distribution" of a large IRA/401k - particularly if you never even received the tax documents :x

Dale
by Dale_G
Fri Oct 30, 2015 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much of your total income are you worth?
Replies: 51
Views: 6481

Re: How much of your total income are you worth?

I added up my gross income as a wage slave from my first real job in 1960 until my retirement in 2001. My present assets (no inheritance) are 1.8 times my gross lifetime wages. Inflation confuses the issue. On a really dull day in the market, I am likely to gain or lose more than my first year of wa...
by Dale_G
Wed Oct 28, 2015 10:03 pm
Forum: Investing - Theory, News & General
Topic: Security Issue?
Replies: 9
Views: 1340

Re: Security Issue?

So I got an email this evening from Vanguard stating: The following money movement request was submitted on 10/28/2015 at 10:16 PM, Eastern time: From: Vanguard Prime Money Market Fund in account ending in 9776 in the amount of $5,000.00 To: Vanguard Total International Stock Index Fund Admiral Shar...
by Dale_G
Thu Oct 22, 2015 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch liquidating my dad's account
Replies: 19
Views: 2396

Re: Merrill Lynch liquidating my dad's account

... snip ... I'll tell you what I intend to do. America I am coming home as soon as I possible can but just don't have that as an option right now. Why the cold shoulder America? I pay my taxes and have done no harm. I am a citizen too. Why do I not have equal protection under the law????? You do h...
by Dale_G
Fri Oct 16, 2015 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones ->Vanguard Questions
Replies: 9
Views: 986

Re: Edward Jones ->Vanguard Questions

southLA, the $100 you spend to close your EJ account will be be one of your best "investments" ever.

Dale
by Dale_G
Fri Oct 16, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum limit for Fido Ex-US Index (FSGDX)?
Replies: 26
Views: 1556

Re: Maximum limit for Fido Ex-US Index (FSGDX)?

As I recall, sometime in the past - maybe way in the past - Vanguard asked that I contact them before 10 am if I wished to make a "large" purchase or exchange. There is probably language in the prospectus that says some orders may be refused. Some time ago I made a largish 5 figure exchang...
by Dale_G
Sat Oct 10, 2015 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio Analysis
Replies: 12
Views: 1037

Re: Accredited Investor

I agree, the best thing you can do is to ignore your "status". And in particular, don't let the word get out to the sharks on Wall Street. You will become a target.

Just fatherly advice from one accredited investor to another.

Dale
by Dale_G
Mon Oct 05, 2015 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard and slow/missing letters/emails
Replies: 7
Views: 491

Re: Vanguard and slow/missing letters/emails

35 years at Vanguard and never a problem.

What is the subject of the letter that mentioned the emails sent - except for undeliverable email?

Dale
by Dale_G
Sat Oct 03, 2015 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1110

Re: Help with my mom's finances

This is not the time to deal with statistics, but your mom is not likely to outlive her assets. If she does, lucky her, but you will find there are still options. It is likely that she can same place and receive exactly the same level of care. All moms deserve the best that we can do for them. Dale
by Dale_G
Thu Oct 01, 2015 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's YOUR FinaMetrica "risk score?"
Replies: 94
Views: 11085

Re: What's YOUR FinaMetrica "risk score?"

October 2009
My guess 55 - my score 75

October 2015
My guess 62 - my score 69 - my guess increased and my score declined

I wonder if in another 6 years of cognitive decline (in 2021) my guess will exceed my score.

Dale
by Dale_G
Thu Oct 01, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: When and how to sell taxable funds?
Replies: 4
Views: 516

Re: When and how to sell taxable funds?

Sell the taxable funds when and if you need the money. That is what taxable account funds are for. I wouldn't attempt any fancy selling scheme when the amount and timing of the expenses are not known.

Dale
by Dale_G
Mon Sep 28, 2015 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Oh The Market
Replies: 18
Views: 2434

Re: Oh The Market

Nothing is out of whack - all of my equities are down year to date. If any equity fund was up YTD, that one would be out of whack. I am still about $90,000 from my next rebalance trip point. The Asian markets are down about 2% at 11:30 EDT so I might not have too long to wait. Unlike many Bogleheads...
by Dale_G
Mon Sep 28, 2015 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Put investing on hold given current market conditions and pay down debt? What's a Boglehead to do?
Replies: 35
Views: 2988

Re: Put investing on hold given current market conditions and pay down debt? What's a Boglehead to do?

Forget about the market taking a dive. That happens. But a guaranteed 6% return by paying down debt - that is a no brainer as far as I am concerned. If you still have student loans, you are probably still pretty young. You'll have plenty of time to invest after you are debt free.

Dale
by Dale_G
Mon Sep 28, 2015 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with maturing fixed annuity. Settlement options???
Replies: 9
Views: 654

Re: Help with maturing fixed annuity. Settlement options???

Definitely call Vanguard, preferably with the contract in hand. From your description this annuity can be rolled over into a traditional IRA at Vanguard. There will be no immediate taxes.

Dale
by Dale_G
Mon Sep 28, 2015 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: The Sky Is Falling, What do I do?
Replies: 69
Views: 7186

Re: The Sky Is Falling, What do I do?

Ho-Hum - I haven't hit my rebalancing target yet. That does not mean that I do not tax loss harvest as the occasion requires. And my recent dividends from both domestic and international equities went to international. We'll see how that turns out over the next 5 or 10 or 20 years. More than 20 year...
by Dale_G
Wed Sep 23, 2015 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: 60 y/o with $350,000.00 cash to invest
Replies: 23
Views: 2075

Re: 60 y/o with $350,000.00 cash to invest

Not to beat this to death, but unless the rules have changed the foreign tax credit is not available for a "fund of funds" such as GAA. And GAA has an average daily trading volume of 7,517 shares = to about $176,000. I wouldn't touch this fund with a 5,000 foot pole.

Dale
by Dale_G
Wed Sep 23, 2015 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Automatic Exchange Question
Replies: 8
Views: 635

Re: Vanguard Automatic Exchange Question

I expect like others that the exchange will go through. For peace of mind however, just select "all shares" for the exchange rather than a dollar amount.

Dale
by Dale_G
Mon Sep 21, 2015 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 16
Views: 1449

Re: Vanguard Personal Advisor Services

I agree with others hyebe that there is nothing unique about your situation, unless you have "his money" and "her money" and never the twain shall meet. Vanguard probably suggested individual funds rather than a target date funds because you are bringing enough money to the table...
by Dale_G
Sat Sep 19, 2015 9:44 pm
Forum: Investing - Theory, News & General
Topic: Cheap copy of Lange's Retire Secure 3rd Edition
Replies: 71
Views: 9339

Re: Cheap copy of Lange's Retire Secure 3rd Edition

I just ordered two copies. The total shipping charge stayed at $7.25.

Dale
by Dale_G
Sat Sep 19, 2015 3:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's portfolio risk control
Replies: 7
Views: 693

Re: Vanguard's portfolio risk control

snip ... Could someone explain what happens if you had say the 2030 fund and you moved the slider to less risky? Does he still hold the 2030 fund? Or has moving this slider in effect sold his 2030 fund shares and put him into a nearer-date fund, say the 2020 fund? It has been a while since I have c...
by Dale_G
Sun Sep 13, 2015 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: How much advisor to pay for
Replies: 19
Views: 1187

Re: How much advisor to pay for

I think your challenge is that you are investing a larger amount of money than you are used to. It is perfectly understandable that you are a bit hesitant. That said, if your are presently investing according to Boglehead principles, the actual amount of money isn't of importance - the principles re...
by Dale_G
Sat Sep 12, 2015 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Please Critique CFP Recommended Portfolio
Replies: 52
Views: 2875

Re: Please Critique CFP Recommended Portfolio

The reason some advisors put more funds than necessary in a portfolio is to make investing look complicated and beyond the ability of mere humans. Occasionally, we see 30 or more funds in an advisor recommended portfolio. You got off lucky with only 15 funds:D.

Dale

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