Search found 838 matches

by Longdog
Tue Jul 25, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 12
Views: 475

Re: Changes in your risk profile

Longdog asks: "If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be considered market timing? " Uh, why would an adult, capable...
by Longdog
Tue Jul 25, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 12
Views: 475

Re: Changes in your risk profile

That would be considered market timing. If the strong market performance resulted in rebalancing bands being triggered, then that is a different story. But in that case I would just buy more bonds with new money and continue investing as usual otherwise. That's not quite what happened. What happene...
by Longdog
Tue Jul 25, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 12
Views: 475

Changes in your risk profile

We know your asset allocation should be based on your need, willingness, and ability to take risk. If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, ...
by Longdog
Tue Jul 25, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Inherited taxable account: how to get from there to here
Replies: 10
Views: 799

Re: Inherited taxable account: how to get from there to here

On item 2, sell everything now and out them into your desired allocation. Since you state this is an inheritance, there was a step-up in basis on the date of death. Thus, the only capital gains you have are from the day of death.
by Longdog
Sun Jul 23, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 788

Re: Pension buyout option

I had almost the exact same offer a few years ago. I did a calculation by figuring what rate of return I'd need to earn to purchase an immediate annuity at age 65 paying out the $420 per month. I used the current price of immediate annuities. I forget the exact number, but I think I calculated I'd n...
by Longdog
Sun Jul 23, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: My risk tolerance suddenly went down
Replies: 33
Views: 5245

Re: My risk tolerance suddenly went down

I have a job offer. It's an hour away, most of which is train. I start in 2 weeks. My pay is going up substantially... Going to have to recalibrate my life a bit.. it's +45k above my last job I want to avoid the bank account shock of having too much income so I'm thinking about maxing out their 401...
by Longdog
Sat Jul 22, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Teenager taking out loans to establish good credit
Replies: 24
Views: 1286

Re: Teenager taking out loans to establish good credit

It's quite likely that you'll be offered a credit card once you start college, even without a credit score. It's the only time in your life that will happen. Take advantage of it, use it for small charges monthly, and pay off IN FULL each month. Don't charge anything that you don't have the cash to ...
by Longdog
Sat Jul 22, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Fraud???
Replies: 15
Views: 2541

Re: Fraud???

I made a small transaction on Vanguard last night, and received a confirmation. This morning I received an email from Vanguard saying confirmation of my account profile update was available at Vanguard.com. However, I did not make any update on my account profile. I called Vanguard, including the n...
by Longdog
Thu Jul 20, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 1753

Re: SAT scores - whats the point??

Because colleges have academic reputations that they strive to uphold. It is their credibility as an institution that is at stake.
by Longdog
Thu Jul 20, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis mistake?
Replies: 4
Views: 419

Re: Cost basis mistake?

Are these covered shares? Had you sold shares and these are the remaining shares? If these are covered shares and if there is documented evidence that when you sold shares you indicated "Specific ID" then Vanguard would investigate and correct it, if it was their error. If it was not thei...
by Longdog
Thu Jul 20, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis mistake?
Replies: 4
Views: 419

Re: Cost basis mistake?

Are these covered shares? Had you sold shares and these are the remaining shares? If these are covered shares and if there is documented evidence that when you sold shares you indicated "Specific ID" then Vanguard would investigate and correct it, if it was their error. If it was not their...
by Longdog
Mon Jul 17, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 21
Views: 1629

Re: Xfinity Mobile

I was starting to think about getting a new iPhone anyway - my current IPhone 5 was still fine but the better camera and fingerprint home button for the iPhone 7 were features I placed some value on. Even on my old Verizon plan I only used about 500MB of data a month without any attempt at conserva...
by Longdog
Sun Jul 16, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: DImensions of investment risk.
Replies: 15
Views: 557

Re: DImensions of investment risk.

To me, risk is a possible adverse outcome. It has a likelihood and a magnitude, like you said. Multiply the likelihood by the magnitude of the adverse outcome, and you have its expected value.

There are many types of investment risks, each with its own likelihood and magnitude.
by Longdog
Sun Jul 16, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 1718

Re: San Jose and San Francisco Trip

I'd skip the Tech Museum in San Jose as lots of things were broken when we visited. We didn't have kids with us and it trys to be kid-oriented so we didn't stay long. I didn't think it was worth the cost. Do see in San Francisco: Cable cars, cable car museum, Bart Rent a rowboat at Stow Lake in Gol...
by Longdog
Sat Jul 15, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving California, will I be taxed?
Replies: 11
Views: 1279

Re: Leaving California, will I be taxed?

I spent a portion of my childhood in Virginia, and my dad worked for a company in Virginia that had its headquarters in La Jolla, CA. He never stepped foot in California, not even for a business trip. He was a Virginia resident and paid his taxes to the state of Virginia. Years into his retirement, ...
by Longdog
Sat Jul 15, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3177

Re: What am I missing here? [I'm a bachelor]

If your ONLY reason for considering purchasing a house as a primary residence is financial, then continue renting.
by Longdog
Fri Jul 14, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 151
Views: 14676

Re: How are folks handling the unprecedented rise in the market ?

I'm smiling more often at the end of the day.
by Longdog
Sun Jul 09, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Saving or being stingy?
Replies: 21
Views: 2384

Re: Saving or being stingy?

I think we should make a clear difference in saving for the future and investing and being a stingy person always thinking about saving a couple of bucks just to travel the world. People value and enjoy different things and different experiences. You get to pick your values; I get to pick mine. You...
by Longdog
Tue Jul 04, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 9663

Re: Long term care insurance - is it worth it?

I suspect when these policies first came out, the insurers had little data, made assumptions about their potential liabilities, and priced the policies accordingly. These policies have now been around for quite a while, and the insurers no longer have to make assumptions - they have significant amou...
by Longdog
Sat Jul 01, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 12827

Re: Bogleheads: you should be buying 10-year old cars

I don't think being a Boglehead means buying the cheapest item of any sort. It does mean living below your means (especially during the accumulation phase of your life), understanding and appreciating the value you receive for your money, and making intentional decisions about what to do with your m...
by Longdog
Fri Jun 30, 2017 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Ally CD - No Penalty CD Help/Advice Needed
Replies: 19
Views: 1582

Re: Ally CD - No Penalty CD Help/Advice Needed

Buy 3 if them at $25k a piece and leave the remaining 5k in the savings account for immediate liquidity needs. Thus, if you need access to some, bu not all, of the CD money, you won't need to close them all.
by Longdog
Tue Jun 27, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Pet insurance
Replies: 10
Views: 754

Re: Pet insurance

I have Nationwide (VPI) and have had it for about 12 years. It is the ONLY insurance policy I've ever had where I have received more in claims payments than I have paid in premiums due to a few major surgeries.
by Longdog
Mon Jun 26, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Buy condo at Trump Tower Chicago a good deal?
Replies: 24
Views: 3435

Re: Buy condo at Trump Tower Chicago a good deal?

Why would you have a real estate agent, unless you are already in the market for a property? Have you already decided you wish to purchase an investment property, and are just trying to find the right one? Or, did this real estate agent call you with the "opportunity" for some reason? I kn...
by Longdog
Sun Jun 25, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: If I want to have a safe portfolio in case of...
Replies: 23
Views: 1829

Re: If I want to have a safe portfolio in case of...

Sounds to me like the subtext of your question is that you are not comfortable with your current asset allocation-particularly your exposure to equities. This, however, conflicts with your statement that you are comfortable with your 3-fund portfolio.
by Longdog
Sun Jun 25, 2017 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Keeping track of a taxable account
Replies: 15
Views: 1347

Re: Keeping track of a taxable account

How do you distinguish which dollars are earmarked for retirement and which are for other goals? I would hate to spend money that I thought was for a non retirement goal and in reality spending retirement money and saving less than the 20% gross income that I'm striving for. I could obviously just ...
by Longdog
Fri Jun 23, 2017 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Help - can you transfer in-kind within Vanguard?
Replies: 6
Views: 585

Re: Help - can you transfer in-kind within Vanguard?

From a tax perspective you'd end up selling it in your taxable account and buying it as a contribution to your tax advantaged account. You would not avoid the taxes due on the sale in taxable. Is the tax advantaged account a Roth or traditional pre-tax IRA?
by Longdog
Sun Jun 18, 2017 5:06 am
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 78
Views: 5170

Best Financial Advice from Dad (in honor of father's day)

Inspired by a segment on "On the Money", in honor of father's day, the question was asked: "What was the best financial advice your father ever gave you?" I thought this would be a fun topic for Bogleheads today. Please share your thoughts! I'll go first (since I started the topi...
by Longdog
Sat Jun 17, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid Planning
Replies: 32
Views: 1977

Re: Medicaid Planning

One thing that hasn't been addressed on this thread is Medicaid recovery - the ability for Medicaid to recover some of the money it paid to the nursing home after the death of the resident. I have no information on this subject, other than I believe the assets from which they can recover vary from s...
by Longdog
Fri Jun 16, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid Planning
Replies: 32
Views: 1977

Re: Medicaid Planning

Another option, in some cases, is for the individual to gift assets to the eventual individual beneficiaries (typically the children) and file a gift tax return for the gifts. The beneficiaries hold the assets in individual accounts, with Payable on Death designations to the other beneficiaries. Eac...
by Longdog
Wed Jun 14, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 3687

Re: Would you take a 25% pay cut for more professional satisfaction?

Things to consider: How will this affect your current lifestyle outside of work? How will it affect your financial goals? How will it affect your health?
by Longdog
Wed Jun 14, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Resorts outside San Francisco
Replies: 20
Views: 1795

Re: Resorts outside San Francisco

Fiat lux wrote:My wife, 2yo son, and I decided to book a trip to San Francisco for the week of the 4th of July.


I think it's great that you included your 2 year old son's input in the decision making process!
:D
by Longdog
Wed Jun 14, 2017 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Solar Tax Trick or Scam
Replies: 9
Views: 1441

Re: Solar Tax Trick or Scam

Anyone calling out of the blue is a scam.
Anyone who can't wait for a customer to think about it, is hiding something because it is a scam.
Two red flags.

Note that neither of these conclusions has anything to do with solar or the business at hand - just patterns of behavior.
by Longdog
Sun Jun 11, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 258
Views: 24944

Re: Tesla Model 3 or Chevy Bolt?

As for pure electric cars like the Tesla 3 - I am worried about the batteries in these cars. It seems like Lithium Ion batteries don't have a long lifetime - and start losing capacity right away. Also, I am worried about the battery exploding if the car is involved in a wreck. I am glad the driving...
by Longdog
Sat Jun 10, 2017 7:10 pm
Forum: Investing - Theory, News & General
Topic: Friday's Dow Jones Industrial +89.44
Replies: 24
Views: 2448

Re: Friday's Dow Jones Industrial +89.44

Total number of stocks in Dow Jones : 30 Total number of stocks in VTSMX (total U.S. stock market index) : 3575 Total number of stocks in VGTSX (total international stock market index) : 6171 Note: the companies in VGTSX are not at all in the Dow Jones and vice versa (since the Dow Jones is only US...
by Longdog
Sat Jun 10, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: When is Municipal Bond Interest NOT "Tax-free"...
Replies: 15
Views: 1440

Re: When is Municipal Bond Interest NOT "Tax-free"...

Municipal bond interest is also included when income is calculated for Medicare premium tiers. As would be non-municipal bond interest. So there is nowhere to hide, really... Agreed. But given there is no where to hide, you may as well choose the bond which pays the most after-tax interest. And in ...
by Longdog
Sat Jun 10, 2017 6:52 am
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 21
Views: 1629

Re: Xfinity Mobile

quote "Currently, you cannot bring your own phone to the network. It is on Verizon's network." My experience is different. I have ATT as my primary smartphone provider. I also have Xfinity (comcast) service for internet, cable and phone at our condo. I downloaded an android app called Con...
by Longdog
Sat Jun 10, 2017 4:05 am
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 21
Views: 1629

Re: Xfinity Mobile

I was starting to think about getting a new iPhone anyway - my current IPhone 5 was still fine but the better camera and fingerprint home button for the iPhone 7 were features I placed some value on. Even on my old Verizon plan I only used about 500MB of data a month without any attempt at conservat...
by Longdog
Wed Jun 07, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Ex-dividend
Replies: 17
Views: 1352

Re: Ex-dividend

It's not going to change your life measurably either way. Two good choices.
by Longdog
Sun Jun 04, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: 401k Distributions in Retirement
Replies: 4
Views: 443

Re: 401k Distributions in Retirement

Hello Recently found out that when I start to take distributions out of my 401k after retirement (~ 2 years), that the distributions will come out of the funds in the same proportions that they are currently invested. In other words if I have 50% in stock fund A and 50% in money marked fund B and I...
by Longdog
Mon May 29, 2017 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Insured puerto rico bonds
Replies: 9
Views: 972

Re: Insured puerto rico bonds

Yea, curious about what happens to insured bonds after puerto rico's activity. Would they be exchanged? How would the payments be made by AGM You're basically counting on one of the top rated municipal bond insurance companies being able to make up the expected shortfall from the Puerto Rico govern...
by Longdog
Sat May 27, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Insured puerto rico bonds
Replies: 9
Views: 972

Re: Insured puerto rico bonds

You're basically counting on one of the top rated municipal bond insurance companies being able to make up the expected shortfall from the Puerto Rico government or agency that recently declared the equivalent of bankruptcy. I wouldn't put my entire bond portfolio in a single issue, but it's probabl...
by Longdog
Tue May 16, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Privacy vs $$$$
Replies: 31
Views: 3840

Re: Privacy vs $$$$

You are not the only one. I keep telling my friends I think Big Data is evil. It is so intrusive and you lose control of your important information. Sometimes I'm more annoyed than others. And sometimes I'm even okay with it, if it's a store or vendor I frequent a lot and really enjoy. And if there'...
by Longdog
Fri May 12, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Division of Assets A/B trust: am I entitled to see POD proof?
Replies: 26
Views: 2634

Re: Division of Assets A/B trust: am I entitled to see POD proof?

I'm only speculating, but it sounds like there are multiple types of accounts in play. If you are a trustee then you are of course entitled to see the trust documents and account information for accounts titled to the trust. That doesn't mean everything is titled that way, and likely accounts with P...
by Longdog
Tue May 09, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer IBond in Treasury Direct
Replies: 7
Views: 810

Re: Transfer IBond in Treasury Direct

Are you sure you can do a direct transfer from one TD account to another? Would it be a gift to the new owner or a sale to the new owner?
by Longdog
Tue May 09, 2017 4:22 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 680

Re: small change left over in IRA from backdoor conversion--what should I do

Convert the remaining amount to the same Roth IRA as before. Or don't, and pick it up next year when you do your next backdoor Roth. Not a big deal either way. If you do nothing, there is no current year tax impact.
by Longdog
Sun May 07, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Are etfs riskier than their corresponding mutual funds ?
Replies: 13
Views: 1017

Re: Are etfs riskier than their corresponding mutual funds ?

Both an ETF and its corresponding mutual fund are baskets of the identical set of stocks in identical proportions. Any difference in risk between them is miniscule and "in the noise." I think if Bogle or Buffet preferred one over the other it wouldn't be because of their investment value -...
by Longdog
Fri May 05, 2017 4:15 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3690

Re: What to do with inheritance

Thank you everyone for such practical and thoughtful advice. I'm sure it is obvious that I am just getting my feet wet in this area. I will not be making any investment decisions for at least 6 months with the exception of student loans. I will notify ML to stop all trading. While I'm learning I wi...
by Longdog
Thu May 04, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3766

Re: Do you know exactly what % of income you spend?

I confess that I don't see your rationale regarding donations and premiums. I realize that others define expenses differently. For instance, I was intrigued by the idea of the portion of the monthly mortgage that goes to principal as a "non-expense." I assume because it is a type of savin...
by Longdog
Thu May 04, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3766

Re: Do you know exactly what % of income you spend?

My definition: Gross income minus (income taxes + payroll taxes + savings) = expenses Using that definition, expenses equal 2/3's of gross income. Thanks, Quicken! I also subtract out charitable donations and health insurance premiums. Doing that yields expenses of approximately 25% of gross. Almos...

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