Search found 300 matches

by Mr.BB
Mon Oct 23, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: IRA exchange between a SEP IRA and Traditional IRA
Replies: 0
Views: 23

IRA exchange between a SEP IRA and Traditional IRA

I have a Traditional IRA with T. Rowe Price (It was a roll over from my 401k years ago from my old job). I haven't added anything to it for years, though it has grown quite nicely by itself. I have my current SEP is with Vanguard. I was just wondering about this.....Can I exchange money from my Vang...
by Mr.BB
Sat Oct 21, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 135
Views: 9803

Re: Does anyone here with net worths north of $1 mil use financial advisors?

yukonjack wrote:
Fri Oct 20, 2017 6:59 pm
That’s one of the real bonuses of discovering this website. You don’t need a FA. And what a savings.
+1
by Mr.BB
Sat Oct 21, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 57
Views: 4130

Re: Why do I need bonds? (I'm 30)

I don't see why anyone in their 20's through their mid 30's need bonds; especially if they are looking at another 30 years of working. We are at 70/30. But the if the market takes a 30-40% dive sometime in the next 3-4 years I have no problem using some of those bond holding funds and exchange them ...
by Mr.BB
Fri Oct 20, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 51
Views: 3235

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

We love Hawaii! Especially Maui it's our favorite island. Each island offers something unique. I always recommend that you get the book(s) Maui Revealed, Kaui revealed..etc. Written by people who live on the islands. Great insights to places that many people miss. Maui is our favorite...been there a...
by Mr.BB
Fri Oct 20, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 4810

Re: I have to fire someone that I care about personally

The Beatles fired their drummer Pete Best, in late 1962, just before they started shooting up to stardom.
I remember in an interview Paul McCartney said the Pete was a better drummer than Ringo, but Ringo made for a better Beatle.
by Mr.BB
Fri Oct 20, 2017 5:20 am
Forum: Investing - Help with Personal Investments
Topic: Question about Personal Capital
Replies: 18
Views: 1441

Re: Question about Personal Capital

I always put a wrong phone number, so I never hear from them or other companies.
by Mr.BB
Wed Oct 18, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 90
Views: 16144

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration

I just saw the funds when I logged on to Vanguard. I just don't understand investing in a product before the put what stock/bonds and percent's specifically are in the portfolios? It's 65/35 for global wellington - global mix of both stocks and bonds, and 35/65 for global wellesley - also a global ...
by Mr.BB
Wed Oct 18, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 90
Views: 16144

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration

I would like to know more detail (I.e) what percent is in emerging markets, Asia or Europe, small or large cap..etc
by Mr.BB
Wed Oct 18, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 90
Views: 16144

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration

I just saw the funds when I logged on to Vanguard. I just don't understand investing in a product before the put what stock/bonds and percent's specifically are in the portfolios?
by Mr.BB
Tue Oct 17, 2017 5:21 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12185

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

TJSI wrote:
Wed Oct 11, 2017 1:28 pm
One thing for sure, that 90 year old man has accumulated a lot of knowledge and wisdom. And I think it is great that he is so willing to share it.

TJSI
+1
by Mr.BB
Mon Oct 16, 2017 6:45 am
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 6801

Re: What are you driving? And would you buy your current ride again?

I traded in my 2007 Honda Civic EX 270,000 miles at the end of February, and I bought a new 2017 Honda Civic Ex. Just hope I can get the same mileage out of this car. If I was averaging 27K miles annually, I'l probably spend a little more than $20K on a car; however, the new Civics really are aweso...
by Mr.BB
Sun Oct 15, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 6801

Re: What are you driving? And would you buy your current ride again?

I traded in my 2007 Honda Civic EX 270,000 miles at the end of February, and I bought a new 2017 Honda Civic Ex. Just hope I can get the same mileage out of this car.
by Mr.BB
Sat Oct 14, 2017 7:46 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4250

Re: 10 year anniversary of the beginning of the Great Recession

Speaking of the Great Recession, anybody know of a good book that covers what happened at the beginning? Watch the movie "The Big Short"....GREAT movie, and it explains a lot! I have not watched the film "The Big Short;" I've read the book. In general, I think you can learn more from a book than fr...
by Mr.BB
Sat Oct 14, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4250

Re: 10 year anniversary of the beginning of the Great Recession

Speaking of the Great Recession, anybody know of a good book that covers what happened at the beginning? Watch the movie "The Big Short"....GREAT movie, and it explains a lot! The documentary " Inside Job" is also good (Matt Damon narrates). It has been criticized for its slant and for being unfair...
by Mr.BB
Sat Oct 14, 2017 1:40 pm
Forum: Investing - Theory, News & General
Topic: Which would you rather own: AAPL or S&P 600 Small Cap Index?
Replies: 57
Views: 3265

Re: Which would you rather own: AAPL or S&P 600 Small Cap Index?

It all depends when you bought in. If I could go back to 1996...AAPL all the way!
by Mr.BB
Fri Oct 13, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4250

Re: 10 year anniversary of the beginning of the Great Recession

Call_Me_Op wrote:
Fri Oct 13, 2017 6:53 am
Speaking of the Great Recession, anybody know of a good book that covers what happened at the beginning?
Watch the movie "The Big Short"....GREAT movie, and it explains a lot!
by Mr.BB
Wed Oct 11, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4250

Re: 10 year anniversary of the beginning of the Great Recession

+1 Sometimes it's better to be lucky then smart. :happy
by Mr.BB
Wed Oct 11, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 1981

Re: Advice on Canceling Fidelity Portfolio Advisory Service

A simple reminder for you when you go to your meeting. He works for YOU! He is an employee of yours (technically, since you pay him for his services). I am sure he will try to value his services for you; but look at the TOTAL cost of his services. The cost of the funds he put you in and of course wh...
by Mr.BB
Wed Oct 11, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4250

10 year anniversary of the beginning of the Great Recession

Last Monday/Tuesday marked the peaked of the 2003 Bull run which was followed by the Great Recession. It has been a long ten years and it's a good reminder to think back (with hindsight) of the financial decisions you made in 2008-2009. A 54% drop in the market can test anyone's resolve, and can rea...
by Mr.BB
Tue Oct 10, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13809

Re: [Boglehead vs Mr Money Mustache philosophies]

Really not much difference from my perspective. MMM: 35 year old making $400k/year from his blog Boglehead: 35 year old making $400k/year as a doctor There is a difference. The MMM early retiree will be riding his bicycle in a blizzard to pick up his 6 pack of Oktober-extraspecial beer on sale, sav...
by Mr.BB
Tue Oct 10, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13809

Re: [Boglehead vs Mr Money Mustache philosophies]

I think you'll find in the final analysis mmm is more about the expenses part of the equation. Bogleheads as you know do work on expensive, but also really focus on the technical part of savings. You do need both parts of the equation to have a successful outcome. But let's face it, it's more fun to...
by Mr.BB
Tue Oct 10, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13809

Re: Hope I'm not unwittingly wading into anything here...

monkey_business wrote:
Mon Oct 09, 2017 3:49 pm
There is a lot of general overlap but MMM is more the 40 year old that retires on a very modest budget, whereas the Boglehead is the 60 year old that retires very comfortably. The two communities have a different tilt in terms of overall goals and lifestyle.
+1
by Mr.BB
Fri Oct 06, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 228
Views: 28181

Re: Retirement Account Stolen by Identity theft

Just to reiterate what somebody said before do not call the number that the company of the IRA gave you or use their link if it was an email
go directly to the company's website and access the IRA account through your own computer link to verify this. This could be a scam.
by Mr.BB
Tue Oct 03, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: when current 401K options suck
Replies: 17
Views: 1115

Re: when current 401K options suck

You could look into opening a 401k Brokerage account. My wife's company changed her 401k plan to basic Blackrock index/ Intl index a bunch of target date funds and only a global bond fund. The 2 basic index funds are fine, but they really limit our choices (small cap/ other bond funds), so I opened ...
by Mr.BB
Mon Oct 02, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Take out of emergency savings to pay off auto loan?
Replies: 7
Views: 560

Re: Take out of emergency savings to pay off auto loan?

The money saved between 1.25% and 1.99% cannot be enough to off set the money you have saved for your emergency fund. That fund is there for a reason and one reason only! It is not used for saving a few dollars by paying off your car loan earlier. I would also point out the danger of the your though...
by Mr.BB
Mon Oct 02, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 136
Views: 21259

Re: 30,000 in Checking Account

Instead of putting money into VTI, VXUS, and BND as 3 separate things, what do you think about the Life Strategy Funds (there are 4 of them), Wellington, or Wellesley? VTI, VXUS, and BND fees would total .2%. Life Strategy Funds are .12%-.15% fees. So I would save a small portion on fees and if I w...
by Mr.BB
Fri Sep 29, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9672

Re: My boneheaded financial mistakes

My wife has a picture of a large boat sinking in the water with the caption "Maybe your life was meant to serve as a warning to others." I think these posts just goes to show you that at one time or another we were all captains of that ship.
by Mr.BB
Fri Sep 29, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9672

Re: My boneheaded financial mistakes

5. Had 1000 shares of Apple stock at around $20. Sold it when it hit $25 and bought Circuit City. This is my favorite! I would like to know the long-term fallout if they had not sold those shares at $20. What would the worth be today including splits and dividends and what year were those shares pu...
by Mr.BB
Wed Sep 27, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6010

Re: My Smartest Financial Moves

1. Saving every dime of bday/Christmas money since I was 5 (this one thanks to my parents... I was "paying myself first" before 1st grade!!) 2. Opening a mutual fund at age 10 (again, thanks to my parents, although I picked the fund :happy ) 3. Contributing $200-300/mo into a Roth since age 16 (AGA...
by Mr.BB
Wed Sep 27, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9672

Re: My boneheaded financial mistakes

So many screw ups, so little time. Here are just a few. In high school I took earned about $5,000 my junior year. Knew nothing about investing (This back in the 70's). Wish I someone had taught me and had invested in just a basic blue chip fund back then. My mom had gotten me an IRA and in my early ...
by Mr.BB
Wed Sep 27, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6010

My Smartest Financial Moves

I saw the post about "My boneheaded financial mistakes". How about we have a post on our Smartest Financial moves. (Also helps soften the pain for all of us that are graduates of "I Really Screwed up Financially" school of hard knocks; which I am the Dean of.) Here are some of my best moves over the...
by Mr.BB
Mon Sep 25, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 95
Views: 8711

Re: VG wants everyone to transfer to a brokerage account?

I got a email message from them regarding this, so I called them yesterday. I ask them was this a "mandatory" thing? They said no. I ask them what was the advantages of me doing this? (We have our Roths , my SEP and 2 regular mutual funds with them). They said: A) "With the brokerage account if I ma...
by Mr.BB
Sat Sep 23, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5171

Re: Bogleheads monthly costs of dog ownership?

Average cost for our seven year old lab can run between $2400 -$3000 Our dog insurance cost is about $625 a year. (It used to be about $400-450 a year when she was younger) Food cost (High protein top line food) runs about $100 a month for a big bag Dog walking services can vary greatly...average yo...
by Mr.BB
Sat Sep 23, 2017 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 2528

Re: Asset Allocation for mid 50 age group

My reason I don't add it in my total is that ideally the money does not exist; unless there is an emergency. I don't look at trying to make money from it. I would want to only have to use for a extreme medical bill or home emergency. Let me ask you a question, say you have 50% of your assets in hop...
by Mr.BB
Sat Sep 23, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 2528

Re: Asset Allocation for mid 50 age group

My reason I don't add it in my total is that ideally the money does not exist; unless there is an emergency. I don't look at trying to make money from it. I would want to only have to use for a extreme medical bill or home emergency.
by Mr.BB
Sat Sep 23, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Bond allocation choices for rebalancing 401k
Replies: 7
Views: 622

Re: Bond allocation choices for rebalancing 401k

VFSTX is an interesting solution instead of the Global Bond Index. Thank you.
Though I was thinking that I could just transfer my current Global Bond Index holdings and split it between my Intermediate and Short Term bond funds that I already have in the brokerage 401k acct.
by Mr.BB
Fri Sep 22, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bond allocation choices for rebalancing 401k
Replies: 7
Views: 622

Bond allocation choices for rebalancing 401k

I decided to rebalance our 401k. Our Total Market fund (held through BlackRock- No symbol) has done very well and I want to move some of the money into our bond funds. I am concern a little with bond duration and with next year's increasing interest rates..ideally 3-4...but know no knows for sure. M...
by Mr.BB
Fri Sep 22, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 2528

Asset Allocation for mid 50 age group

I was wondering what the average Stock to Bond allocation ratio for people on this board in their mid fifties use? Right now we are 70% Stock and 30% Bonds (Not counting our emergency fund money) (According to my Morningstar X-ray Fund allocation) / (Not counting our emergency fund money) 4% Cash 53...
by Mr.BB
Thu Sep 21, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24294

Re: I won the Lottery. Need sound advice.

One more note about your financial advisor. Once they find out you got this windfall, if they start pitching annuities and any other "lifetime income" products at you, that should be a huge warning sign!
by Mr.BB
Thu Sep 21, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24294

Re: I won the Lottery. Need sound advice.

Congratulations on your winnings! You should really address your spending habits. Even if you pay off all you debt, what is going to stop you from going right back to the spending habits that got you into all that debt in the first place? As for your financial advisor, if he has addressed this issue...
by Mr.BB
Thu Sep 21, 2017 3:27 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24294

Re: I won the Lottery. Need sound advice.

denovo wrote:
Wed Sep 20, 2017 10:29 pm
1. Tell no one.

2. Read No.1 Again.
+1
by Mr.BB
Wed Sep 20, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25393

Re: Calling out the not so rich bogleheads

The mistake you are making is wanting to talk with people in the same boat as you. It's always feels more comfortable if everyone is at the same level. If you want to learn how to sprint, then spend time talking to a sprinter, not a walker. If you want to learn how save enough money for retirement,...
by Mr.BB
Wed Sep 20, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25393

Re: Calling out the not so rich bogleheads

The mistake you are making is wanting to talk with people in the same boat as you. It's always feels more comfortable if everyone is at the same level. If you want to learn how to sprint, then spend time talking to a sprinter, not a walker. If you want to learn how save enough money for retirement, ...
by Mr.BB
Mon Sep 18, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7592

Re: Best Lower Cost USA Cities to Live

David Jay wrote:
Wed Sep 13, 2017 10:04 am
Mr.BB wrote:
Wed Sep 13, 2017 9:19 am
I guess it can like the stock market. The minute the word gets out of a hot place people start going there and the attributes that made it special disappear.
Reminds me of the Yogi Berra line about a NYC restaurant: "Nobody goes there anymore, it's too crowded"
+1
by Mr.BB
Sun Sep 17, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4233

Re: Buying nightguards (teeth grinding)

Had a soft one made a few weeks ago by my dentist. Cost me $250 after insurance, well worth it.
by Mr.BB
Wed Sep 13, 2017 9:19 am
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7592

Re: Best Lower Cost USA Cities to Live

Just remember that low cost of living and quality of life do not necessarily go hand in hand. And the converse is also true. A lot of places have been bid up massively in cost because everyone just had to move there because it WAS such a great place, and now massively overcrowded and built-up so th...
by Mr.BB
Tue Sep 12, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7592

Re: Best Lower Cost USA Cities to Live

Just remember that low cost of living and quality of life do not necessarily go hand in hand.
by Mr.BB
Wed Aug 30, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Adding to Emergency Fund
Replies: 8
Views: 763

Re: Adding to Emergency Fund

How do you get a negative real return if not accounting for inflation? Even if you hold it in a basic CD or as I prefer a regular checking account because it is a emergency fund
I am able to access it anytime I need it. Its not meant to deliver a high rate of return; it is a security blanket.