Search found 959 matches

by aristotelian
Thu Mar 30, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 22
Views: 1987

Re: Bankruptcy of Westinghouse Electric

I don't think the nuclear industry public relations will ever repair the damage done the Simpsons. I have been watching old episodes with my kids. Every episode Homer causes 3 or 4 accidents and each one is like $1B of public relations damage. I can't imagine any middle class American town wanting a...
by aristotelian
Thu Mar 30, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 159
Views: 21415

Re: What was your costliest investment mistake?

We bought our house in 2008 just before the crash. Fortunately in our Rust Belt area there had not been a big bubble. We also refinanced in 2009, but then did not refinance again when rates bottomed out. At that point, I did not want to have to pay closing costs and start over on the mortgage for a ...
by aristotelian
Thu Mar 30, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Morningstar's Risk Assessment of VBTLX
Replies: 6
Views: 226

Re: Morningstar's Risk Assessment of VBTLX

I am reading Swedroe's book on bond strategy right now and I was surprised that he flat out recommends against VBTLX due to inclusion of government mortgage backed securities. I haven't finished the book, but I believe Intermediate Treasuries (VFITX) or Intermediate Government (VSIGX) would be bette...
by aristotelian
Thu Mar 30, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Short term munis vs. CDs for extra cash on hand?
Replies: 4
Views: 374

Re: Short term munis vs. CDs for extra cash on hand?

I have PIMCO CORP ETF because it is commission free at Schwab. Looking closer at its holdings, though, it is probably riskier than I would like. Take a look at Vanguard Short Term Corporate Bond Index (VCSH).
by aristotelian
Thu Mar 30, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refund from IRS was $500 more than it should have been.
Replies: 9
Views: 848

Re: Refund from IRS was $500 more than it should have been.

You should not assume that the error was made by the IRS. It's much more likely a tax preparation error. When an unexpected refund (or amount due) is a round number, there's a very good chance that the error relates to estimated payments. Either a payment was made that was not listed on the tax ret...
by aristotelian
Thu Mar 30, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Short term munis vs. CDs for extra cash on hand?
Replies: 4
Views: 374

Re: Short term munis vs. CDs for extra cash on hand?

I do combination of short-term corporate and intermediate/long term munis (VTEB, VWLUX). I do hold I-Bonds as well. I consider this segment of my portfolio to serve as 2nd tier emergency funds, long term savings (car replacement, etc) and part of my bond allocation.
by aristotelian
Thu Mar 30, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Sanity Check, or does it even matter if I'm sane?
Replies: 14
Views: 640

Re: Sanity Check, or does it even matter if I'm sane?

I think you are right to focus on the amount rather than the % of fixed income. If you have enough sufficient for your needs, it doesn't matter what % of the rest is in equities. You could have $1M in equities or $21M, it doesn't matter as long as your needs are covered by the fixed income. I can't ...
by aristotelian
Thu Mar 30, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 18
Views: 545

Re: Question re 403b with TIAA-CREF

It's from the plan where I work (plan is on the TIAA website for our college, as well as available in PDF format for download, and at our HR Office). We have 40 fund choices ranging form Goldman Sachs, American, TIAA, CREF, Harbor Capital, Hancock, Metropolitan, Ivy, and the 4 from Vanguard that I ...
by aristotelian
Thu Mar 30, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: What if no taxes were paid on 1099DIV qualified dividends?
Replies: 20
Views: 651

Re: What if no taxes were paid on 1099DIV qualified dividends?

1) It seems likely that your in laws would have reported the dividends over the years since they sent the form for you to include on your taxes. 2) The IRS would have noticed and sent correspondence if the dividends had not been reported. 3) Your wife can print and mail the IRS Form 4506-T to obtai...
by aristotelian
Thu Mar 30, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 18
Views: 545

Re: Question re 403b with TIAA-CREF

TIAA 403(b) contributor here. Luckily, we have some of the lower cost Vanguard funds available in our plan. TIAA has a .17 annual administrative fee over and above the ER fees of each fund, so it works out like this... My TIAA plan comes with their .17 ER annual charge, plus the underlying funds ER...
by aristotelian
Thu Mar 30, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Efficiency: TSP+Brokerage+IRA+EE bonds?
Replies: 6
Views: 340

Re: Efficiency: TSP+Brokerage+IRA+EE bonds?

When you sell a mutual fund, you will get charged ordinary income on the short term shares (less than 12 months) and capital gains on the long term shares. There is no "holding period" for the overall fund. Each share is tracked separately and reported to the IRS when you sell. For a taxab...
by aristotelian
Wed Mar 29, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Efficiency: TSP+Brokerage+IRA+EE bonds?
Replies: 6
Views: 340

Re: Efficiency: TSP+Brokerage+IRA+EE bonds?

Yes, yes, and yes to your tax efficient allocation questions.

Take a look at I-bonds. The guaranteed rate is not as good, but overall rates are likely to be close, but you can redeem any time after a year. I just don't have the patience to wait 20 years, and what if you need the money for something?
by aristotelian
Wed Mar 29, 2017 7:45 pm
Forum: Investing - Theory, News & General
Topic: What Bond ETF to use for a 3-fund portfolio?
Replies: 12
Views: 1545

Re: What Bond ETF to use for a 3-fund portfolio?

I am reading Swedroe "Winning Bond Strategy" right now. Very good comprehensive overview of the bond market and different types. I was surprised he recommends against Total Bond Market because of the inclusion of government mortgage-backed securities. I am leaning toward Vanguard Intermedi...
by aristotelian
Wed Mar 29, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Roth/Traditional mix
Replies: 19
Views: 989

Re: Roth/Traditional mix

I also do a mix--Roth for IRA's, Traditional for 401k's. I started with Roth when younger and lower tax bracket. You have the double uncertainty of your future tax bracket and future tax rates. Having a mix will allow you to have the most flexibility, using Roth and savings to stay in a lower bracke...
by aristotelian
Wed Mar 29, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 18
Views: 545

Re: Question re 403b with TIAA-CREF

I am not clear whether I have access to the full range of TIAA-CREF products in the 403b -- something I need to clarify with my employer. But I cannot seem to find their S&P index fund with a 0.05% expense ratio. TRSPX (TIAA-CREF S&P 500 Index Fund (Retirement)) lists an expense of 0.30%. S...
by aristotelian
Wed Mar 29, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 18
Views: 545

Re: Question re 403b with TIAA-CREF

Is there no employer match in the 403b? Either way, it is still definitely worth contributing. One possibility is to hold only TIAA Traditional (assuming it is offered) for your bond allocation, then using your IRA's for stock. Can you post a full list of available funds in the 403b? Regardless, you...
by aristotelian
Wed Mar 29, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index Fund In Retirement?
Replies: 14
Views: 1360

Re: Vanguard Balanced Index Fund In Retirement?

Nothing wrong withe this fund in retirement if you are comfortable with a 60/40 AA. If you have both taxable and non taxable accounts the bond portion might be better off in the tax deferred portion with slightly lower expense ratios. Taxable VTSAX 60% Tax deferred VBTLX 40% Other then that, a good...
by aristotelian
Wed Mar 29, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Utilities and Preferred Stocks in Retirement???
Replies: 16
Views: 1047

Re: Utilities and Preferred Stocks in Retirement???

I was just reading about preferred stocks in Swedroe's book on bonds this morning. He does not like them. They are basically junk bonds with an indefinite timeframe. Too correlated with the market, and too risky to substitute for your bond allocation. Utilities are not a bad idea but could actually ...
by aristotelian
Tue Mar 28, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4252

Re: Daughter maxed out credit cards, needs help from me

People make mistakes, fine. Compassion is good. You have a good plan to keep from enabling her to do it again. I agree with others that monitoring her credit report (perhaps quarterly?) would be a good accountability measure. In addition to the loan document (if you go that route), I would want to s...
by aristotelian
Tue Mar 28, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: 3F Portfolio at Schwab
Replies: 4
Views: 411

Re: 3F Portfolio at Schwab

Vanguard GNMA returned +7% in 2008. I would think SWAGX should be as good a choice as any. Not sure why SWLBX isn't working for you. Might be worth a call to Schwab.
by aristotelian
Tue Mar 28, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Red light camera Fort Worth
Replies: 50
Views: 2688

Re: Red light camera Fort Worth

If it makes you feel better, I recently received a form letter from some county court in Colorado. 20 years ago, I was stopped for speeding on a road trip driving home from college. I paid the ticket immediately and never heard from them. Then all of a sudden I get this bill for $200. Called the cou...
by aristotelian
Tue Mar 28, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Where can I buy Vanguard Funds w/o Fees ?
Replies: 37
Views: 2604

Re: Where can I buy Vanguard Funds w/o Fees ?

Schwab does have better service than VG in my experience, but has very limited fund selection, and I don't think they have anything comparable to VG's Lifestrategy or Target Date funds. If you are a buy and hold investor, VG is just fine. I am not a schwab customer but I do believe they have target...
by aristotelian
Tue Mar 28, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?
Replies: 33
Views: 2691

Re: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?

Also it is much easier to screw up a real estate investment and buy a house in the wrong neighborhood than it is to buy an S&P500 index fund. If you are buying a house, at least to some extent you are speculating rather than investing, and that is a dangerous game. At least with the S&P, you...
by aristotelian
Tue Mar 28, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Where can I buy Vanguard Funds w/o Fees ?
Replies: 37
Views: 2604

Re: Where can I buy Vanguard Funds w/o Fees ?

Schwab does have better service than VG in my experience, but has very limited fund selection, and I don't think they have anything comparable to VG's Lifestrategy or Target Date funds. If you are a buy and hold investor, VG is just fine.
by aristotelian
Tue Mar 28, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Help with bond allocation
Replies: 1
Views: 119

Re: Help with bond allocation

Nothing wrong with Total Bond Market. That's what I would do if it was available in my 401k.
by aristotelian
Tue Mar 28, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?
Replies: 33
Views: 2691

Re: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?

Read the "Windfall" section of the wiki. https://www.bogleheads.org/wiki/Managing_a_windfall Especially if your finances are uncertain, it might be best to keep in a CD or savings account until your future needs are better known. House as an investment seems like a bad idea, in my opinion....
by aristotelian
Tue Mar 28, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: taxable account
Replies: 8
Views: 530

Re: taxable account

Hi all. Quick question. After all IRA's and 401k's are maxed out, and it's time for me to open a taxable account to save in, what is the best mutual fund or funds, or ETF, to put in it for a set it and forget it approach? I'm a lazy investor and don't feel like re balancing every year, which is why...
by aristotelian
Tue Mar 28, 2017 8:00 am
Forum: Investing - Theory, News & General
Topic: Multiple Board Member changes recently. Means anything?
Replies: 5
Views: 699

Re: Multiple Board Member changes recently. Means anything?

You can glean that they believe in their company. Of course, they may be wrong. The market will determine that.
by aristotelian
Tue Mar 28, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 25
Views: 1011

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

Thanks @aristotelian but I'm really committed to the Paul Merriman diversification plan. You should realize the Merriman plan is difficult to accomplish if your 401k does not offer the funds you need to build it. This is because the 401k plan gets the most money. Sometimes it is best to use the bes...
by aristotelian
Tue Mar 28, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 25
Views: 1011

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

MikeT wrote:Thanks @aristotelian but I'm really committed to the Paul Merriman diversification plan.

-Mike

I am not challenging the plan. I am saying to hold those funds in your IRA at lower expense rate. Do you have IRA? What is your 401K company match?
by aristotelian
Tue Mar 28, 2017 6:23 am
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 25
Views: 1011

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

@aristotelian, as you can see, my 401k stock options are terrible too: (I went with the three highlighted stocks and the stable value which I guess has an expense ratio of ZERO !!! -Mike In my opinion, get rid of the Value and Small Cap. You can find space elsewhere in your portfolio to hold the VG...
by aristotelian
Mon Mar 27, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice and Support - Early 30s and ready to invest!
Replies: 5
Views: 619

Re: Investment Advice and Support - Early 30s and ready to invest!

Looks like you have a good plan moving forward despite some questionable choices and bad options in the 401k. See if you can put some pressure on your company to add a decent fund or two. Otherwise, cash out the annuity and consolidate and simplify where you can. In your wife's 401k, the S&P fun...
by aristotelian
Mon Mar 27, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Send check for quickly amended return?
Replies: 18
Views: 672

Re: Send check for quickly amended return?

I think you will be fine either way. Personally, I would send the check. Worst case, they put it toward taxes next year. I would rather the IRS owe me money than me owe the IRS.
by aristotelian
Mon Mar 27, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 486

Re: Consolidating IRAs Question

Just got off the phone with Fidelity and now I'm really confused. They are telling me that if I consolidate into one of my rollover IRA's that I can only have Fidelity funds in that account. If I consolidate into my Traditional IRA, I can have any funds in there. Does this make sense? I'm planning ...
by aristotelian
Mon Mar 27, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Replace total bond idx with high yield?
Replies: 18
Views: 1146

Re: Replace total bond idx with high yield?

Some people eat risk for breakfast Full disclosure: I have a modest % of assets in junk bond fund TIHYX and it's done ok. Remember, higher risk ----> higher expected return... True, but at that amount of risk, you might as well go with stock. The point being, in my opinion, high yield should not be...
by aristotelian
Mon Mar 27, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 25
Views: 1011

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

As to inflation risk @aristotelian, I suppose I could always sell it and consider other options should inflation heat up abruptly. And "non-of-the-above" is no option :-) -Mike Why not? If a low expense total bond market fund is not offered, could you hold one in an IRA and hold stock in ...
by aristotelian
Mon Mar 27, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Replace total bond idx with high yield?
Replies: 18
Views: 1146

Re: Replace total bond idx with high yield?

Junk bonds are more like poor man's stocks than wealthy man's bonds. They are riskier than investment grade but less return than stocks. Pretty much the worst of both worlds.
by aristotelian
Mon Mar 27, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: MSPGX (expense .79%) vs. Stable Value @ 3% return ??
Replies: 25
Views: 1011

Re: MSPGX (expense .79%) vs. Stable Value @ 3% return ??

You would not have principal risk in the stable value but you would have inflation risk.

MSPGX lags its index yet charges that high expense ratio.

Is there a "none of the above" option?
by aristotelian
Mon Mar 27, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: construct a portfolio
Replies: 7
Views: 352

Re: construct a portfolio

Tax bracket? Does the 3-4% need to be guaranteed each year, every year, or could you live with fluctuation? The only way to guarantee that much interest would be some type of annuity.
by aristotelian
Mon Mar 27, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Vanguard - 401K Rollover to IRA
Replies: 5
Views: 383

Re: Schwab vs Vanguard - 401K Rollover to IRA

I recently switched myself to Schwab and my wife to Vanguard. I have found that Vanguard has much better all-in-one funds (Target date, etc) as well as "slice and dice" options, especially bond funds. Vanguard has $2 trades if you are over $500K. Schwab has less selection but they do now m...
by aristotelian
Mon Mar 27, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account
Replies: 5
Views: 392

Re: Help with taxable account

Thank you. I will check out VTEB. As for not enough information, there is not much to tell. No debt, running a successful business, saved my money in my retirement accounts, my wife is 62 and draws a salary from our business and saves in her retirement. 60% BND 25% VTI 10% VXUS 5% VB I used to trad...
by aristotelian
Mon Mar 27, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 6229

Re: Massive Student Loan Debt - Girlfriend

Are you asking if it's a financial issue or a relationship issue? It is definitely a financial issue but not insurmountable. If her other financial habits and values are in line with yours, it need not be a relationship issue. I was horrified to learn that my fiancee had 40k students loan debt. Prob...
by aristotelian
Mon Mar 27, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with allocation or low-risk alternative (LONG!)
Replies: 6
Views: 295

Re: Need help with allocation or low-risk alternative (LONG!)

You might want to call some insurance companies and look into their annuity options, but do some shopping and asking around because they are very complex instruments. I don't see any mutual funds that are going to give you the return you are seeking without any risk.
by aristotelian
Mon Mar 27, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account
Replies: 5
Views: 392

Re: Help with taxable account

High yield is the technical term for junk bonds. They have high yield because they are high risk. They are not actually guaranteed to have a high return. Bogleheads Guide, Swedroe, etc., recommend only investment grade and short to intermediate term. Consider VTEB (Tax Exempt ETF) instead.
by aristotelian
Mon Mar 27, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: Why are international and US stocks down today?
Replies: 53
Views: 3101

Re: Why are international and US stocks down today?

One could just as well ask why stocks have been going up the last 4 months in the absence of any real economic or policy news.
by aristotelian
Mon Mar 27, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 5942

Re: Weathering sell-off days like today

Look at the returns for your bond fund and stay the course.
by aristotelian
Mon Mar 27, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Single Fund Portfolio in Roth IRA
Replies: 16
Views: 994

Re: Single Fund Portfolio in Roth IRA

Is this your first investment or do you also have a 401k? What does the rest of your portfolio look like?
by aristotelian
Mon Mar 27, 2017 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA SCHWAB
Replies: 11
Views: 605

Re: Roth IRA SCHWAB

The point of investing in Roth is to take advantage of long term tax benefits. You can withdraw in an emergency, but you only have a certain amount of tax free space and you really don't want to give that up. Best to think of this as a long term investment. If you want liquidity, you are best off in...
by aristotelian
Mon Mar 27, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Suggestion needed for Corporate Bonds/Funds
Replies: 8
Views: 593

Re: Suggestion needed for Corporate Bonds/Funds

I am reading Swedroe's Only Guide to a Winning Bond Strategy. He says to use bond funds and stay away from purchasing individual bonds due to higher trading fees and problems with transparency of the market.
by aristotelian
Sun Mar 26, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares
Replies: 20
Views: 821

Re: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares

I would call VG and Morgan to confirm that whatever data Morgan has will transfer. I recently traansferred 20+ year old accounts from T Rowe to Schwab and there is no issue, in fact it is easier to see lots in the Schwab system. I would guess there will be no problem, but that is just a guess. It is...

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