Search found 634 matches

by Wakefield1
Wed Nov 15, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3476

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

I guess the Litchfield/New Preston area is very expensive because of sort of being a vacation home spot for wealthy Wall Street executives and bankers? (Lake Waramaug,Litchfield Hills are quite scenic)
by Wakefield1
Tue Nov 14, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6936

Re: GE and the myth of "safe blue-chip stocks"

Upon GE's selling off part of its best performing business,didn't Mr. Buffet sell his GE and buy into the business that was just sold off from GE? If so,sounds like Mr. Buffet didn't think too optimistically about GE's management decision Where GE goes now is up in the air,I hope they can recover. C...
by Wakefield1
Tue Nov 14, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Passive investing is a 'chaotic system' that could be dangerous?
Replies: 20
Views: 1644

Re: Passive investing is a 'chaotic system' that could be dangerous?

Slice and dice index funds as ETFs
Trade them in real time all day long,market time between different indexes,portions of indexes
That could get chaotic and could be dangerous!
Is that what drives market volume these days?
by Wakefield1
Mon Nov 13, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 149
Views: 11262

Re: Why pay cash for a car?

In most cases i think the dealer will charge a lower price on a car you buy with cash than a car that you buy with cheap or "zero percent" financing through the car company---but some bargaining might be needed. You don't usually get the title or "Certificate of Origin" for the car unless you pay fo...
by Wakefield1
Sun Nov 12, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12708

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Perhaps people are somehow mixing concepts having to do with individual stock investing vs. stock mutual fund investing? (As to where to reinvest dividends?) It is tempting to (have done some of both) do some of both in spite of the (highly likely?) fact that the average person will see more success...
by Wakefield1
Sun Nov 12, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12708

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Buyers of stocks hopefully do their analysis well,then when/after I buy some index fund shares containing stocks selected from the universe of stocks those buyers buy,perhaps I will benefit in some way.
by Wakefield1
Sun Nov 12, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12708

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Nedsaid,I enjoy your posts and find them illuminating. I am not sure if all of the people have the same objections/attitudes towards (stock) dividends, I see there is an article in today's Washington Post,"How stock dividends can turbocharge your portfolio" that might be able to provide some opportu...
by Wakefield1
Wed Nov 08, 2017 10:22 pm
Forum: Personal Consumer Issues
Topic: Mold Discovered in Potential House Purchase
Replies: 27
Views: 2770

Re: Mold Discovered in Potential House Purchase

Arlington,part of the original District of Columbia remanded back to the State of Virginia.
by Wakefield1
Wed Nov 08, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12708

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

I don't know if it does or doesn't but to me what's important isn't the price on one day. If a company holds excess cash you don't know what will happen to that cash over time. It could be spent on a stupid acquisition. It could be paid out as silly bonuses to management. It could be wasted on poin...
by Wakefield1
Tue Nov 07, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Gifts for a marathoner
Replies: 25
Views: 1731

Re: Gifts for a marathoner

"Indian Running" by Peter Nabokov (may be out of print) Bernd Heinrich's book,I think it was renamed "Why We Run" ,was originally "Chasing the Antelope" Bernd Heinrich probably knows as much about the physiology of running as Jack Bogle knows about the history of mutual funds. Clarence DeMar wrote a...
by Wakefield1
Tue Nov 07, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Does an Traditional IRA contribution lose its deductibility if converted to a ROTH IRA?
Replies: 12
Views: 750

Re: Does an Traditional IRA contribution lose its deductibility if converted to a ROTH IRA?

But you do realize there is no point in doing that, right? You achieve the same thing by contributing directly to Roth IRA...with less paperwork and more flexibility about withdrawing the money if needed. O.P. could just do a Non-deductible IRA contribution and then convert to Roth inexpensively (i...
by Wakefield1
Tue Nov 07, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start investing in taxable accounts?
Replies: 23
Views: 2461

Re: When did you start investing in taxable accounts?

When I bought my first stocks (taxable) in the mid or late 1970s I didn't know of any such thing as an IRA,457 or 401K With time I heard about the IRA,I started mine at the Credit Union,later moved to "America's Utility Fund" still later did a custodian-custodian transfer to Vanguard. [When the new ...
by Wakefield1
Tue Nov 07, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 39
Views: 3883

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

I guess at this point that if you can logon to your Vanguard account page and a "vote" popup doesn't appear you have voted enough?
by Wakefield1
Tue Nov 07, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest home downpayment which I am not certain when to buy if ever?!
Replies: 62
Views: 3348

Re: Where to invest home downpayment which I am not certain when to buy if ever?!

[/quote] At the prospect of being skewered here, 15% + downpayment. (If I had gone by some posters criteria for home buying, I'd still be paying rent that costs more than 2x my mortgage for similar living conditions). You need to live and you need to put your family first. I'm not saying you are bei...
by Wakefield1
Tue Nov 07, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest home downpayment which I am not certain when to buy if ever?!
Replies: 62
Views: 3348

Re: Where to invest home downpayment which I am not certain when to buy if ever?!

It might not be tax efficient or have the best possible return but my inclination is to keep money thought to be needed (and is needed immediately when it is needed) for down payment and/or closing costs on a possible house purchase in the Credit Union,with a bit of extra work some of it could be pu...
by Wakefield1
Mon Nov 06, 2017 10:46 pm
Forum: Personal Consumer Issues
Topic: Mold Discovered in Potential House Purchase
Replies: 27
Views: 2770

Re: Mold Discovered in Potential House Purchase

A sump pump in a finished basement can be a money pit and a persistent problem if done wrong or even marginally good. If a finished basement is done correctly, the sump pump would be a "backup" measure. The basement should be dry otherwise. If the sump pump is always or often needed, then I would p...
by Wakefield1
Mon Nov 06, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Climate controlled cars - Useful or Useless?
Replies: 49
Views: 2080

Re: Climate controlled cars - Useful or Useless?

I guess someone here has had the broken blend door (or its axle) issue with certain automatic temperature zone control systems such as on Jeep Grand Cherokee
My vote: Useless and Trouble vs. a blend door that you control manually
by Wakefield1
Mon Nov 06, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2005

Re: Dividends make up for high mutual fund fees

How do these expensive mutual funds stack up on Morningstar or Vanguard's "Compare" feature as to total return after expenses over various periods? That is,do they have total return comparable to low cost funds? Expenses reduce total return,whether that total return is from dividends or something el...
by Wakefield1
Sun Nov 05, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Is putting money in a 401k a bad idea?
Replies: 25
Views: 2407

Re: Is putting money in a 401k a bad idea?

It is a bit hard to remember when my employer first offered a 457 or 401 plan to the general employees,whether it was offered earlier to highly compensated officers and whether the contribution limits were lower than at present. Even the related but different IRA and Roth IRAs weren't offered as of ...
by Wakefield1
Sat Nov 04, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is putting money in a 401k a bad idea?
Replies: 25
Views: 2407

Re: Is putting money in a 401k a bad idea?

Another way to ask such a question: Assuming that the tax rates/brackets were exactly the same for the money going in vs. the money coming out later as in required minimum distributions does the tax-deferred compounding of returns provide an advantage (over a taxable account with the same investment...
by Wakefield1
Fri Nov 03, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 3232

Re: I can take $15k out of my trad IRA with no taxes - should I?

It is an amazing wonderful can't-go-wrong idea to convert it to a Roth. Just think - no taxes, ever. Make that your growth asset. I would convert as much as possible to a Roth (and I'm doing it at 25% ouch) before your RMD kick in, especially if you have a low income era. I would convert it at 15% ...
by Wakefield1
Fri Nov 03, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49309

Re: Retirement Account Stolen by Identity theft

Broken Man - once the funds are restored I'll be helping him transfer the account to Vanguard. I'd strongly consider transferring the account to someone with a physical branch near your father and you. Vanguard can be very difficult to deal with for an elder and things like powers of attorney. Help...
by Wakefield1
Thu Nov 02, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Turning Off Online Access AKA "Don't Peek"
Replies: 9
Views: 699

Re: Turning Off Online Access AKA "Don't Peek"

Can you set your bank account online access so that any time a logon occurs an e-mail to you is generated ? Can that be done with online access TSP accounts? Vanguard doesn't have that but you can set automatic e-mail alerts to be generated for almost any kind of transaction that occurs like if you ...
by Wakefield1
Thu Nov 02, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 2827

Re: Do you Mow your own Lawn?

I am amazed that in this high cost gentrifying area almost every yard gets cut by expensive lawn services,in the past that was very rare,almost everyone had a lawn mower.
I still occasionally get asked to cut a lawn.
by Wakefield1
Thu Nov 02, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: DRIP in Taxable Account?
Replies: 7
Views: 708

Re: DRIP in Taxable Account?

There were a couple of other topics mentioning "DRIP"s in the last few months it was mentioned that the documents and keeping track of information for calculating tax provoked by selling could get quite messy I believe I was told some time ago that if you have a few stocks that are paying good divid...
by Wakefield1
Wed Nov 01, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49309

Re: Retirement Account Stolen by Identity theft

Good to hear. I still hope the perp or ring of perps gets found out. Perhaps someone who had access to the old account business records at the hospital.
by Wakefield1
Wed Nov 01, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Bogle on Vanguard's Asset Level
Replies: 5
Views: 664

Re: Bogle on Vanguard's Asset Level

There don't seem to be as many Vanguard ads around now as there were a couple of years ago.
by Wakefield1
Wed Nov 01, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesley Income Fund VWIAX VS "Global" Wellesley Income Fund VGYAX? Should I move? Would you?
Replies: 35
Views: 2540

Re: Vanguard Wellesley Income Fund VWIAX VS "Global" Wellesley Income Fund VGYAX? Should I move? Would you?

I would imagine quite a few beginning investors with limited but growing means and savings would have taken their first steps beyond the neighborhood bank or credit union with something like Wellesley,particularly before 401K s became well known to the public
by Wakefield1
Wed Nov 01, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesley Income Fund VWIAX VS "Global" Wellesley Income Fund VGYAX? Should I move? Would you?
Replies: 35
Views: 2540

Re: Vanguard Wellesley Income Fund VWIAX VS "Global" Wellesley Income Fund VGYAX? Should I move? Would you?

Both are very poor choices in taxable accounts. Yes. That is true. I have no "non taxable" accounts. Thus, the question between the funds. According to morningstar, Vanguard Wellesley score "2" on % Rank in Category on Tax-Adjusted Return at the 10-yr Mark. According to morningstar's definition, "T...
by Wakefield1
Tue Oct 31, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18393

Re: Early-retired 35 year old with $1 million

The O.P. might want to look at bobcat2's thread "Using Funded Ratio to drive your retirement investment plan-Part 1 of Funded Ratio Series"
that's under "Investing-Theory,News & General"
by Wakefield1
Tue Oct 31, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 105
Views: 11660

Re: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series

Voya's page for participants in their 401 and 457 plans has a feature called "Orange Money" that is supposed to indicate an expected monthly income stream after retirement,I notice that the income stream component indicated for/from a given amount in the tax deferred Voya 401/457 accounts seems to b...
by Wakefield1
Tue Oct 31, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Breaking point to get a new to newish car
Replies: 59
Views: 3340

Re: Breaking point to get a new to newish car

Cars that require you to be your own mechanic and have the know how and/or specific equipment to read out stored codes and/or real time data stream from the car's onboard diagnostics ?
Or just plain lemons? (Bad transmissions,water pumps,turbocharger systems from the get go)
by Wakefield1
Mon Oct 30, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49309

Re: Retirement Account Stolen by Identity theft

Thank you. I would like to keep up with the eventual outcome of this case,whether the victim gets made whole,and whether the case is solved in such a way as to stop the perp(s) from getting more victims. I hope it makes a good detective story where the white hat wins.
by Wakefield1
Sun Oct 29, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Fuel treatments for small engines
Replies: 32
Views: 2067

Re: Fuel treatments for small engines

The Marine Stabil has been claimed as better than the other kind.
by Wakefield1
Sun Oct 29, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2576

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

In other words,perhaps not to sell stocks but simply to direct new purchases within the tax deferred accounts towards a "
drastically" higher ratio of bonds rather than stocks? (Even continuing to buy some stocks (funds) ,just not as much as bonds (funds)?
by Wakefield1
Sun Oct 29, 2017 7:40 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Barefoot/Minimalist Running
Replies: 55
Views: 4160

Re: Thoughts on Barefoot/Minimalist Running

I don't know if there is a better place to post this but I see that the November 2017 "Outside" magazine has an article featuring Bernd Heinrich, an "Ultrarunning Hall of Fame" member who is an author who has written what I think is one of the best ever books about running. He is a zoologist and I t...
by Wakefield1
Sun Oct 29, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49309

Re: Retirement Account Stolen by Identity theft

Oh one other point which may or may not mean anything. Someone was asking why the account was with Transamerica? It was the hospital at which my father worked that hired Transamerica to be the custodian of all of the hospital IRAs. I asked my father if he remembers ever getting a custodian agreemen...
by Wakefield1
Sun Oct 29, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: If someone got into your laptop, would they have access to all sites via the password manager?
Replies: 46
Views: 1385

Re: If someone got into your laptop, would they have access to all sites via the password manager?

I think having a computer stolen that had been used for banking or business transactions would probably be justification for notifying your account providers that such a theft had happened and it probably would be prudent to change user IDs and password,e- mail account passwords. Perhaps even bankin...
by Wakefield1
Sun Oct 29, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: If someone got into your laptop, would they have access to all sites via the password manager?
Replies: 46
Views: 1385

Re: If someone got into your laptop, would they have access to all sites via the password manager?

I understand that if a burglar or other such person gets access to a computer it can be very bad for the owner of the computer. Even if the (heavy tower) computer is not physically taken. (Remote access programs or other threats could be installed as well as data accessed) I guess minimal protection...
by Wakefield1
Sat Oct 28, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: Bogle has a forecast...
Replies: 19
Views: 4113

Re: Bogle has a forecast...

Thanks for the link. Great video. Should be watched often. Reminder to keep costs as low as possible. So, time to dump all active managed funds in one's portfolio? :shock: Including the venerable Wellesley/Wellington twins? :shock: In an Investor's Business Daily interview, Jack Bogle seems to say ...
by Wakefield1
Sat Oct 28, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18393

Re: Early-retired 35 year old with $1 million

Hate to tell you this, I don't think you have enough to retire unless you live in a very low cost of living area. With 80% stocks, you are also vulnerable to a bear market. Are you really going to live on $30,000 a year? Some like to live on the edge If he gets married and kids then things get much...
by Wakefield1
Sat Oct 28, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3540

Re: Morningstar responds to Wall Street Journal article

I can see Morningstar articles on mutual funds by going to my local Library www. "research portal" and logging on using my library card #.
Still can't predict which ones will gyrate up or down.
by Wakefield1
Sat Oct 28, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3540

Re: Morningstar responds to Wall Street Journal article

Morningstar data is about the only alternative to Fund Co. Data? Am I correct that if a fund that recently had showed a good 10 year return suddenly does a bad patch-like losing 10% over a year or quarter-then the 10 year figure will come down noticeably also? (as well as the year to date and one ye...
by Wakefield1
Fri Oct 27, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49309

Re: Retirement Account Stolen by Identity theft

Is it possible that the other bank that was involved in running out the money (Regions) has some responsibility? I think you used to be able to call Vanguard and lock down online access for,say,a week during which you expected to be on vacation or something,there is also an option to restrict access...
by Wakefield1
Mon Oct 23, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Where to start
Replies: 7
Views: 591

Re: Where to start

Read some of the "Wiki" here. Get a book by Mr. Bogle from the library. "Bogle on Mutual Funds"? "The Clash of the Cultures" Not sure if his new edition or revision is on sale yet (some members here have pre ordered from Amazon.com it and it is now in print) I think it is called "The Little Book of ...
by Wakefield1
Mon Oct 23, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing. [15 years old]
Replies: 14
Views: 881

Re: Investing. [15 years old]

If this is seed money that doesn't have to be accessed for many years I would suggest a balanced fund and if he is eligible for a Roth IRA I would certainly consider that-even if/especially if his income now is not high enough to have to pay income tax. If an IRA or mutual fund account make sure tha...
by Wakefield1
Mon Oct 23, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 8402

Re: Is it ok to have 100% stocks, 15 years+

The answer is probably "no" unless there is plenty of money in the Credit Union or bank-enough for a good size downpayment on a house?
by Wakefield1
Sun Oct 22, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 33
Views: 6260

Re: When one reaches the 1 million mark what to do with all the money?

One version of "critical mass" -keep all of it in a "conservative" portfolio-no stocks
keep the rest (whatever one considers above and beyond "critical mass") in whatever one chooses (could be 100% stocks/stocks mutual funds)
(I am not that conservative)
by Wakefield1
Sat Oct 21, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 3794

Re: Has the general public ever been correct about market crashes?

"Growth has done well in part" could it be due to dividend adverse investors? (Generally things such as "small cap growth index" have lower dividend payout than their counterpart "small cap value index") It seems that there is always someone predicting a crash some crashes are worse than others if e...
by Wakefield1
Sat Oct 21, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions... I don't get it.
Replies: 10
Views: 1101

Re: Roth Conversions... I don't get it.

How I do (did) it: Got some charts of tax brackets and "zero bracket" amount -figured out about how much I could convert (that year)(stay under the amount that would mess up the tax bracket)without pushing into a higher marginal tax bracket-looked at previous year's 1040 to decide about what my inco...