Search found 636 matches

by Swampy
Thu Feb 04, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 3922

Re: Am I getting screwed?

Good books to start with (also the Bogleheads Wiki): Start-up books Thank you. I just ordered every single one of those Start Up books! :oops: May I suggest going to the library? It's free. Besides, these books are not something you can just skim read. They're best read slowly and in depth, like a ...
by Swampy
Thu Feb 04, 2016 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 3922

Re: Am I getting screwed?

Am I getting screwed?


Yes.
by Swampy
Tue Feb 02, 2016 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: question [Advisor suggests dividend paying funds/stocks]
Replies: 12
Views: 540

Re: question

Your friend's dad needs a reality check AND a new advisor.

Why not tell your friend about Bogleheads and let him tell his dad?
by Swampy
Tue Feb 02, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5066

Re: Physician buying an 850k vs 1.25m house

Like baseball, this is subject to a three strikes rule. Strike 1: I will be moving cross country and starting my dream job in the near future. (Will it still be a dream job in 2-3-4 or more years?) Strike 2: The second is 1.25 and old. It was however recently remodeled and has twice as much land. I...
by Swampy
Sun Jan 31, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Stovetop Tea Kettle Recommendations?
Replies: 19
Views: 1197

Re: Stovetop Tea Kettle Recommendations?

Like new kettle at the Goodwill store - $1.00

Then add a donation.
by Swampy
Sun Jan 31, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Coffeehouse-Inspired Portfolio
Replies: 11
Views: 1731

Re: Coffeehouse-Inspired Portfolio

Hellomoney(dot)com is a suspected 'high risk website' based, or connected somehow, in mainland red China according to scamadviser.com. Members might be unwittingly exposing themselves to risk if they decide to input their portfolio information. [I modified Swampy's link from ".com" to &qu...
by Swampy
Sat Jan 30, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: EJones Advisor wants to talk!
Replies: 83
Views: 5777

Re: EJones Advisor wants to talk!

So, my EJ Advisor 'now' has my paperwork - I sent it electronically via the website as well as certified mail - included signed form and signed instruction letter - indicating PLEASE TRANSFER ALL ACCOUNT ASSETS TO MY TSP ACCOUNT. The secretary called and scheduled an appt for next week. My first qu...
by Swampy
Tue Jan 26, 2016 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Bear investing or mortgage paydown
Replies: 15
Views: 792

Re: Bear investing or mortgage paydown

Have additional money to invest. Maxed out on all retirement/non-taxable accounts. Do I invest in a taxable account or pay down my mortgage by adding extra payment monthly? Current mortgage is 3.125%. Which choice will allow you to sleep more fitfully? Depending on whether or not you are satisfied ...
by Swampy
Mon Jan 25, 2016 7:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor!
Replies: 87
Views: 3644

Re: Happy Birthday Taylor!

Happy Birthday!

Thank you for your service during WWII.
Thank you also for everything you've done for all of us former cabbage heads who are now Bogleheads.
:sharebeer
by Swampy
Mon Jan 25, 2016 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Should we do what our FA advises?
Replies: 52
Views: 3453

Re: Should we do what our FA advises?

I see this is your first post. Welcome. :happy You should RUN , not walk, away from this thief! The fees are 1.98%. This is robbery - period. I bet there's also a hidden commission or fee schedule that he's not mentioning - like 12b1 kickbacks. Take your time to get educated. It takes an investment ...
by Swampy
Sun Jan 24, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Any Good Special Offers for CD's in the New Year?
Replies: 10
Views: 1042

Re: Any Good Special Offers for CD's in the New Year?

Bump.

Any offers in 2-5 year CD's with halfway decent rates out there for larger amounts?
by Swampy
Sat Jan 23, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Recevied debt collection letter for old state taxes
Replies: 7
Views: 1176

Re: Recevied debt collection letter for old state taxes

Far too many scam artists out there to respond directly to their email, phone call or address/phone printed on a letter. I'd find the state's tax website on the web and proceed from there. FWIW, I had a call supposedly from my bank recently asking about some personal information. I responded "O...
by Swampy
Fri Jan 22, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: who is buying or selling ??
Replies: 27
Views: 2005

Re: who is buying or selling ??

I bought some unleaded gas at $1.69/gal.
by Swampy
Fri Jan 22, 2016 9:07 am
Forum: Personal Consumer Issues
Topic: travel route from nh.to florida
Replies: 8
Views: 548

Re: travel route from nh.to florida

pablolo wrote::can anyone suggest a route to Florida that avoids tolls and traffic congestions?

That would be to the nearest large airport - probably Boston Logan. 8-)

Depending on how long you're in Florida, you can rent - or - if you are a snowbird, buy one and leave it here.
by Swampy
Wed Jan 20, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 6989

Re: Capitulation!

Is it time for capitulation yet? Get real. This is a minor hiccup. This isn't even close. However, there is a large perceptual difference between those in the accumulation phase versus those in retirement. Let the DOW drop another 50% and then we'll see who really has the guts to 'Stay the course.'
by Swampy
Tue Jan 12, 2016 12:13 pm
Forum: Investing - Theory, News & General
Topic: WWYD as a Powerball Boglehead Billionaire?
Replies: 3
Views: 521

WWYD as a Powerball Boglehead Billionaire?

Assuming you were to win the Powerball Lottery this week, which is somewhere around $1.4-1.5 Billion, how would you handle it? I haven't bought a lottery ticket in years, but am making a one time exception for this first billion dollar prize. $2 can still buy a dream or two. In the unlikely event of...
by Swampy
Fri Jan 08, 2016 10:18 am
Forum: Investing - Help with Personal Investments
Topic: DIY or Annuity? What should I choose for retirement income?
Replies: 13
Views: 1108

Re: DIY or Annuity? What should I choose for retirement income?

I've been to about half a dozen annuity 'seminars' (ostensibly sales pitches) over the last few years and learned a lot. They sure have a knack for taking a turd, putting it on a gold plated fork and making it sound like fine aged filet. It's NOT. Annuities are really NOT your money given withdrawal...
by Swampy
Wed Jan 06, 2016 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: If all space heaters = 1500w max, then buy the cheapest one?
Replies: 25
Views: 2087

Re: If all space heaters = 1500w max, then buy the cheapest one?

Gambler wrote: ...so if all space heaters use the same power, then just buy the cheapest one? Only if you want to gamble with your life. :oops: Buy the safest. I do not know much about space heaters and I do not need one. Given modern UL testing, whatever Federal regulations on safety exist, liabil...
by Swampy
Wed Jan 06, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: If all space heaters = 1500w max, then buy the cheapest one?
Replies: 25
Views: 2087

Re: If all space heaters = 1500w max, then buy the cheapest one?

Gambler wrote:
...so if all space heaters use the same power, then just buy the cheapest one?


Only if you want to gamble with your life.
:oops:

Buy the safest.
by Swampy
Tue Jan 05, 2016 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Any Good Special Offers for CD's in the New Year?
Replies: 10
Views: 1042

Re: Any Good Special Offers for CD's in the New Year?

NWFCU had a great add-on CD - but that promo has ended.

PenFed had one a couple of years ago, but nothing to write home about since then.
by Swampy
Tue Jan 05, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Any Good Special Offers for CD's in the New Year?
Replies: 10
Views: 1042

Any Good Special Offers for CD's in the New Year?

The only one I'm aware of is the Navy Federal Credit Union offering a CD at 2.5% for a 30 month term at NavyFederal.org.

Any others?
by Swampy
Mon Jan 04, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Saved half of income last year - struggling to see the point
Replies: 45
Views: 6022

Re: Saved half of income last year - struggling to see the point

To paraphrase 'Dory' in Finding Nemo, "Just keep saving, just keep saving..." You answered your own question without realizing it. Our income just outstrips our expenses. The problem is that I don't feel any sense of accomplishment in saving this kind of money, nor do I feel that this mone...
by Swampy
Sat Jan 02, 2016 7:51 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 646
Views: 14442

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

1573.83

But honestly, all I really need to do is pick tonight's lotto numbers to be on easy street :P.

Bet against me. The market usually does the exact opposite of what I 'think' it will do - confirming I don't know nuthin.
by Swampy
Thu Dec 31, 2015 4:33 pm
Forum: Personal Consumer Issues
Topic: Overcharged by car dealership
Replies: 6
Views: 1065

Re: Overcharged by car dealership

Personally, I take a very dim view of this. When do dealers EVER have an error in favor of the customer? Never. Why not forward a copy of the receipt to your state's department of revenue WITHOUT notifying the dealership? That way the state can do an investigation without tipping off the dealership ...
by Swampy
Thu Dec 31, 2015 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance- Northwestern Mutal
Replies: 42
Views: 2442

Re: Permanent Life Insurance- Northwestern Mutal

ZM87 wrote: We met with CFP this week to make sure we have our priorities in line and look at some retirement planning. He is wanting to sell us a Permanent Life Insurance policy to use as a means of retirement income :oops: :oops: :oops: I bet he does! ( The operative word here is SELL .) Find anot...
by Swampy
Thu Dec 31, 2015 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Checkpoint
Replies: 6
Views: 636

Re: Retirement Savings Checkpoint

Those numbers are kind of low. I'm guessing because JPMorgan siphons off too much for themselves, so they don't want to show what one could really have. +1 Read Stanley and Danko's book "The Millionaire Next Door" for a more accurate assessment. I also highly recommend John Bogle's book &...
by Swampy
Sat Dec 12, 2015 5:04 pm
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 12248

Re: Why High Equity Allocation in Retirement

dbr wrote:
An additional comment is that the longer the time period the more variation due to life events rather than financial variability there will be to take into account.


Good point.
by Swampy
Sat Dec 12, 2015 7:03 am
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 12248

Re: Why High Equity Allocation in Retirement

Great link, Taylor. I wish there was a scholarly article about the portfolio 'success' rate over longer time frames, say 40-50-60 years for a couple of reasons. First, there are some who are in the enviable position of very early financial independence - as young as 30-40 years of age for a variety ...
by Swampy
Thu Dec 10, 2015 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Tire Road Hazard Protection - OK or Scam?
Replies: 17
Views: 884

Tire Road Hazard Protection - OK or Scam?

It's time for a new set of tires on my jalopy. 45000 miles on them and they're wearing thin. Tire shops have a gimmick of selling road hazard warranties and adding 15-20% to the cost of a new set of tires. How many of you have actually used or benefited from such a warranty? I've have 3 flats in the...
by Swampy
Tue Dec 08, 2015 4:54 pm
Forum: Personal Consumer Issues
Topic: How to learn a second language
Replies: 103
Views: 7975

Re: How to learn a second language

CountryBoy wrote:
My wife and I are retired and enjoy learning French.


Go to Quebec or France for a month. :happy

Immersion is the fastest way to learn a language.

As already noted by YttriumNitrate, if you were single - a long haired dictionary usually work wonders. :D
by Swampy
Mon Dec 07, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Work Part-Time or Fully Retire?
Replies: 57
Views: 5193

Re: Work Part-Time or Fully Retire?

I agree that you sound burned out. What is your interpretation or their definition of part-time? Can you please answer that question? Frequently, part-time work has a way of intruding more and more on your freedom after you get re-introduced to the environment. Only you can determine what is right f...
by Swampy
Sun Dec 06, 2015 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuities Yes/No
Replies: 25
Views: 1556

Re: Variable annuities Yes/No

Bogle-Feet wrote: Your "investment adviser" is actually a SALESMAN who is putting his own best interests ahead of yours...stop working with this shark who calls himself an "investment adviser". He's a commission-hungry salesman and an insurance agent. Never mix insurance with inv...
by Swampy
Sat Dec 05, 2015 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuities Yes/No
Replies: 25
Views: 1556

Re: Variable annuities Yes/No

Carl, how much are you paying in advisory fee's and services each and every year? Personally, I took it as a source of great pride to be paying more in advisory fee's than many American's earned. It was a fools pride. They've got $700K. I'm assuming he's your typical 1% guy plus any loads and higher...
by Swampy
Sat Dec 05, 2015 9:56 am
Forum: Investing - Theory, News & General
Topic: Kliplinger's on "The World According to the Bogleheads"
Replies: 46
Views: 6263

Re: Kliplinger's on "The World According to the Bogleheads"

Overall, it was a decent article. What can you expect from a magazine that has 'financial porn' advertising on the inside cover and elsewhere in the issue plus columnists who write about actively buying and selling stocks (even though one conceded his picks didn't even come close to the market avera...
by Swampy
Fri Dec 04, 2015 4:13 pm
Forum: Personal Consumer Issues
Topic: Anna Maria Island
Replies: 19
Views: 2042

Re: Anna Maria Island

Gridlock in March, especially trying to get on and off AMI. Some years ago, there was a mid-day shootout on Easter Sunday between rival gangs on the beach. :!: :!: :!: I agree with Mel that October and November are better times to visit. I'm partial to Siesta Key beach or Pass-A-Grille beach which ...
by Swampy
Thu Dec 03, 2015 6:13 am
Forum: Investing - Theory, News & General
Topic: Precious Metals Fund (VGPMX)
Replies: 19
Views: 2390

Re: Precious Metals Fund (VGPMX)

Probably the best precious metal one can buy in today's environment is copper clad lead.
by Swampy
Thu Dec 03, 2015 6:09 am
Forum: Investing - Theory, News & General
Topic: Commodities & Precious Metals
Replies: 15
Views: 1481

Re: Commodities & Precious Metals

Jerry55 wrote: I have an old (actually younger Supervisor, as I have No Boss per se, never had, never will)..... But then you added: Retired 12/19/2012 @ age 57 | Good Bye Tension, Hello Pension !!! Am I to interpret you had this boss in the past? If so, what do you care? You're retired. Is he? That...
by Swampy
Thu Dec 03, 2015 6:02 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on DIPSX and DFTEX
Replies: 1
Views: 194

Re: Thoughts on DIPSX and DFTEX

Removed.
by Swampy
Wed Dec 02, 2015 9:10 pm
Forum: Investing - Theory, News & General
Topic: Yahoo, a sad story and a good reason not to buy single stocks
Replies: 14
Views: 3813

Re: Yahoo, a sad story and a good reason not to buy single stocks

About 15 years ago, Jim Cramer of Mad Money infamy was pushing a basket of 'top ten' tech stocks. Had you listened to this shill's advice, you'd have ended up with a 94% loss of your investment.

A loss of that magnitude is essentially an unrecoverable and insurmountable loss.
by Swampy
Wed Dec 02, 2015 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on DIPSX and DFTEX
Replies: 1
Views: 194

Thoughts on DIPSX and DFTEX

This post has been removed due to lack of interest.
by Swampy
Wed Dec 02, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Couple in 50s need investment help
Replies: 49
Views: 6617

Re: Couple in 50s need investment help

alec wrote:

Why not pay off some of the mortgage?


+1
by Swampy
Sat Nov 28, 2015 9:22 am
Forum: Personal Consumer Issues
Topic: Honda Accord broke down last night
Replies: 71
Views: 8791

Re: Honda Accord broke down last night

One tidbit of information. If your back is truly up against the wall and you need a car immediately - RENT one for a week or two and do your research while you shop around. Our vehicle died at the 160,000 mile mark and we were pressed for time with multiple commitments at the time. In retrospect, we...
by Swampy
Sat Nov 28, 2015 9:15 am
Forum: Personal Consumer Issues
Topic: Honda Accord broke down last night
Replies: 71
Views: 8791

Re: Honda Accord broke down last night

It's a 2003 V6 about 145,000 miles we are on the 3rd transmission.


Scrap it for parts.

FWIW - I might consider objectively seeing if there's something about the way you drive that contributes to early transmission failure.
by Swampy
Tue Nov 24, 2015 9:19 am
Forum: Personal Consumer Issues
Topic: Series 7 Exam and Bogleheads
Replies: 26
Views: 2457

Re: Series 7 Exam and Bogleheads

I guess maybe the best option is to just keep reading material designed for Bogleheads, especially from Taylor Larimore's list of recommended reading. The technical and regulatory mumbo jumbo for broker's wouldn't be useful for the indexing way of investing. I fear that I might sucked into their fan...
by Swampy
Tue Nov 24, 2015 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Safe retirement withdrawal rate for early retirement?
Replies: 46
Views: 5847

Re: Safe retirement withdrawal rate for early retirement?

randomguy wrote: What amount of fees is he assuming. I have seen 2-2.5% used in several charitable foundation endowments. The all assumed 1% in advisor fees. Get rid of those fees and you are right back at the 3-3.5% that the trinity recommends for 40+ year periods. I can't answer that, you'd have t...
by Swampy
Mon Nov 23, 2015 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Safe retirement withdrawal rate for early retirement?
Replies: 46
Views: 5847

Re: Safe retirement withdrawal rate for early retirement?

Jim Otar has written extensively on this subject and recommends a SWR of about 2.5%, indexed for inflation, as a safe starting point for a 'perpetual' distribution plan or long term endowment. Put another way, you should start with FORTY times whatever you plan on spending. It's a lot heftier amoun...
by Swampy
Mon Nov 23, 2015 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Brokerage Transfer Inducements
Replies: 3
Views: 349

Brokerage Transfer Inducements

It seems there has been a fair amount of advertising about transferring assets from one brokerage to another. Some of these inducements run into actual cash inducements worth thousands of dollars. Considering one is already invested in a stable asset allocation with their portfolio that may need reb...
by Swampy
Sun Nov 22, 2015 6:17 am
Forum: Investing - Theory, News & General
Topic: What would you estimate for return?
Replies: 28
Views: 2729

Re: What would you estimate for return?

Just to be devil's advocate - how would your projections look if your return was flat or 2% at the high end?

How would that affect your asset allocation and/or spending-saving?
by Swampy
Sun Nov 22, 2015 6:13 am
Forum: Personal Consumer Issues
Topic: Series 7 Exam and Bogleheads
Replies: 26
Views: 2457

Re: Series 7 Exam and Bogleheads

Thanks for the input. Thanks to Alex Frakt for the link to Series 65. It contains a lot of material that I can review and possibly use. saltycaper, if I have to be sponsored - it isn't worth pursuing. I'm not thinking about it to get a job as a broker or advisor. I might still take the prep courses ...
by Swampy
Sat Nov 21, 2015 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Small Law Survivor
Replies: 56
Views: 6802

Re: Advice for Small Law Survivor

Small Law Survivor wrote: Being in this kind of existential dilemma at the ripe old age of 64 is ridiculous, I know. I know that many people would be out of that suit and tie faster than you could say “caveat emptor.” But I can’t. I’m afraid something will happen and I’ll look back and say, “what a ...

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