Search found 5670 matches

by bertilak
Sun Dec 17, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 58
Views: 5444

Re: State Farm Insurance, Time to Leave

I dumped State Farm for Progressive around 7 years ago. No issues. I have had State Farm since the early '70s. I used to check competitive rates years ago and nothing was ever significantly cheaper, but I haven't looked again in years. I DO have an "issue" with Progressive. I had a short period whe...
by bertilak
Sat Dec 16, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2693
Views: 863315

Re: What Book Are You Currently Reading? Part VI

bertilak, I’m curious...how is Moby Dick coming along? It is going slow because of other distractions, but the deeper I get into it the more I like it and want to continue. There are great characterizations of some old ship's captains. Ishmael had to negotiate with two of them to settle on his pay ...
by bertilak
Sat Dec 16, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 52
Views: 8137

Re: 2nd million is easier!

dratkinson wrote:
Sat Dec 16, 2017 12:08 pm
"The 2nd million is easier!" I heard this a long time ago.

To make it actionable, I stopped working on my first million... and started on the second. :)
Brilliant! Has no one else thought of this? :oops:
by bertilak
Sat Dec 16, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 52
Views: 8137

Re: 2nd million is easier!

Even in a relatively calm market, the second million will be MUCH easier. Starting with Charlie Munger's example of $100K: To get from $100K to $1M you need to grow your nest egg by a factor of 10. To get from $1M to $2M is only a factor of 2, much easier to do. Come to think of it, yes, the power o...
by bertilak
Fri Dec 15, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: The Long-Term Evidence - Dimson & Marsh
Replies: 86
Views: 3122

Re: Factor-Based Investing: The Long-Term Evidence - Dimson & Marsh

I have said something similar in the past: As a TSM investor I am exposed to ALL factors, even ones that haven't been discovered yet. Well, no. What you have is a market portfolio where the factors are all cancelled out except for perhaps Profitability/Quality and maybe a whiff of momentum. You hav...
by bertilak
Fri Dec 15, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: What is total return vs. dividend investing?
Replies: 85
Views: 9849

Re: What is total return vs. dividend investing?

I think it depends on many things. If I was an average person with a smaller portfolio, I'd say the person who sells off their equity would last longer. Because they aren't requires to take such a large dividend. The amount of dividend is not under your control, other than what you chose to invest ...
by bertilak
Fri Dec 15, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: The Long-Term Evidence - Dimson & Marsh
Replies: 86
Views: 3122

Re: Factor-Based Investing: The Long-Term Evidence - Dimson & Marsh

I'm puzzled by this sentence: Almost all investors are knowingly or unknowingly exposed to factors such as size, value, yield, momentum, and risk. Two questions. First, what on earth is meant by "risk?" Is risk, itself, a factor? Is that a mistake, and did they mean to say "the market factor?" Or h...
by bertilak
Fri Dec 15, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: What is total return vs. dividend investing?
Replies: 85
Views: 9849

Re: What is total return vs. dividend investing?

Is a dividend basically just a "forced sale" of your stock? What's the mathematical difference between dividends and manually selling your stock? It seems like dividends are worse in every way, since some percentage of it could be taxed as normal income. What's the benefit of dividends over manuall...
by bertilak
Thu Dec 14, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10771

Re: Just not getting it

The thing I keep asking myself when I have thoughts like yours is "how can I be smarter than all those professionals who devote all their time to this?" Active managers generally are smart, well-educated, experienced, have access to more data and company management than I do and this is their full-...
by bertilak
Tue Dec 12, 2017 4:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

Bertilak has clearified his opening post: He (the Vanguard advisor) only recommended four funds: US and International versions of total stock and total bond. Or as I like to put it, four of the three funds in the three-fund portfolio! :happy Taylor, I'm with you in spirit but took one step over the...
by bertilak
Tue Dec 12, 2017 5:33 am
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10771

Re: Just not getting it

just frank wrote:
Tue Dec 12, 2017 5:17 am
I believe that the OP wants to employ a 'growth tilt'. I do too, and have. At some point in the future, I may not want a growth tilt.

Are we still Bogleheads?
Yes, but like your left ear, with a tilt!
by bertilak
Tue Dec 12, 2017 5:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

Did he explain why he's recommending two different domestic stock funds instead of the Total Stock Market Fund? Or why he's recommending three different domestic bond funds instead of the Total Mond Market Fund? You've made my point about obfuscation. That is NOT a list of recommended funds but a l...
by bertilak
Mon Dec 11, 2017 9:30 pm
Forum: Personal Consumer Issues
Topic: New Quad9 DNS Service Makes the Internet Safer and More Private
Replies: 18
Views: 1721

Re: New Quad9 DNS Service Makes the Internet Safer and More Private

I ran the DNSbench program from GRC. In Boulder, CO and have Comcast (also run a local caching resolver). Comcast and Google were almost exactly the same. Quad9 was waaaay down the list and FreeDNS came in dead last - very slow. UltraDNS was only slightly slower than Comcast and Google and I use Ul...
by bertilak
Mon Dec 11, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: New Quad9 DNS Service Makes the Internet Safer and More Private
Replies: 18
Views: 1721

Re: New Quad9 DNS Service Makes the Internet Safer and More Private

Just use OpenDNS. Much more history. Biggest security footprint in the industry. https://www.opendns.com/home-internet-security/ Free service, stops malware callbacks, ad-malware, and blocks adult content. Just change it on your home router and you are done. OpenDNS has been out for over 7 years. B...
by bertilak
Mon Dec 11, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: New Quad9 DNS Service Makes the Internet Safer and More Private
Replies: 18
Views: 1721

Re: New Quad9 DNS Service Makes the Internet Safer and More Private

I am quite leery of doing things like this, but I guess it's legitimate because I found it on an IBM website: https://www-03.ibm.com/press/us/en/pressrelease/53388.wss IBM, Packet Clearing House and Global Cyber Alliance Collaborate to Protect Businesses and Consumers from Internet Threats New Quad9...
by bertilak
Mon Dec 11, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10771

Re: Just not getting it

Stock picking is simple.
  • Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it.
    If it don't go up, don't buy it.
    -- Will Rogers
by bertilak
Mon Dec 11, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

Looks like Vanguard PAS is just like other companies that sell AUM, give a cookie cutter portfolio that appears to be too complex for someone to do on their own. I guess they figure if this type of thing helps sales and other firms, Vanguard may as well profit using the same technique. True but VGs...
by bertilak
Sun Dec 10, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

nedsaid wrote:
Sun Dec 10, 2017 5:52 pm
a second set of eyes took a look at what you are doing.
A second set of eyes is what I was after; just in case I was wearing blinkers and forgot to take them off!
by bertilak
Sun Dec 10, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

So Bertilak got a cookie cutter portfolio but got special help with individual bonds. With Vanguard, that is probably as good as it is going to get. So Bertilak, if it makes you feel good, I will say that you are just utterly brilliant. Haven't met you in person, but you are probably good looking t...
by bertilak
Sun Dec 10, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

Are you saying you have individual bonds that were (weren't) included in the recommendation? I'm confused. That is true. Perhaps the confusion has dissipated? ACTUALLY, All my inherited assets WERE included in the recommendations -- recommended at ZERO percent. Mixed in with that long list were the...
by bertilak
Sat Dec 09, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

I think we have discovered that the actual recommendation is to hold total US and ex-US stock and bond index funds. The breakout by size and duration is simply how those funds distribute and is not a calculation of what to hold by asset sub classes. The whole thing seems confusing and disingenuous....
by bertilak
Sat Dec 09, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Re: Vanguard Investment Advice

It may have seemed unduly complex but for some it would be a revelation. Of course they are going to pitch their services. But in the end, their advice is very sound and has very low costs. Contrast that with some complex plan presented by many financial advisers that have 20, 30 or more investment...
by bertilak
Sat Dec 09, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Bond vs Bond Fund? why funds?
Replies: 25
Views: 1658

Re: Bond vs Bond Fund? why funds?

I just inherited some individual bonds and it took the Vanguard bond desk AND the Vanguard SENIOR bond desk to sell them. I tried to sell one holding (as an experiment) using the Vanguard web page but I got a message that there were no outstanding bids to buy the bonds I wanted to sell so I needed t...
by bertilak
Fri Dec 08, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 3952

Vanguard Investment Advice

This is my second experience with getting investment advice from a Vanguard CFP. The advice comes in the form of a written asset allocation and recommended amounts for each asset class. The allocation I was given is broken down into the following asset classes and percentages. The funds involved are...
by bertilak
Thu Dec 07, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Migrating inherited portfolio to Index funds
Replies: 9
Views: 906

Re: Migrating inherited portfolio to Index funds

Let us know what you find out. I've always wondered about this. I don't fully understand it but it depends on FORM 706. Some text from the 706 instructions: Which Estates Must File For decedents who died in 2017, Form 706 must be filed by the executor of the estate of every U.S. citizen or resident...
by bertilak
Thu Dec 07, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3068

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

Phineas J. Whoopee wrote:
Tue Dec 05, 2017 10:27 pm
We've been all around and all over the topic, but still I struggle with why so many investors so vehemently demand dividends as critical, and dismiss capital losses and gains as unimportant.
Can you provide any examples where that point of view is put forward?
by bertilak
Wed Dec 06, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3838

Re: How do you know you are FI?

I am just 40. What I am trying to figure out right now is.. am I FI and if not when will I be FI? I am looking for a list of things that you need to check mark to declare (to yourself) you FI status. Two part answer: If you have to ask you are probably not there yet. If you bother to ask you are pr...
by bertilak
Wed Dec 06, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Migrating inherited portfolio to Index funds
Replies: 9
Views: 906

Re: Migrating inherited portfolio to Index funds

retiredjg wrote:
Sun Dec 03, 2017 12:44 pm
I recall hearing that the basis can be based on the value 6 months after the death. I have no idea what the circumstances might be, but it could be something to look at.
Thanks! I sent a note off to my CPA with a link to a article about this.
by bertilak
Mon Dec 04, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9172

Re: One answer to the Dividend stocks puzzle from behavioral finance

(quoting Investopedia) "Many investors like the steady income associated with dividends..." This quote illustrates part of the problem: we're not all using words the same way. I'm used to thinking of "income" as the money you take out of your portfolio in order to spend it; since this quantity is e...
by bertilak
Mon Dec 04, 2017 7:51 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9172

Re: One answer to the Dividend stocks puzzle from behavioral finance

It is interesting that there are a number of funds that focus on dividend paying stocks. If that's such a bad idea, how many here would buy the opposite: funds that avoid dividend paying stocks? Would that be growth funds? My argument FOR dividend stocks is summarized by this quote from Investopedia...
by bertilak
Sun Dec 03, 2017 11:19 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3127
Views: 921514

Re: What Movie Have You Recently Watched?

My wife and I both loved it. Me especially, as I've been a detectorist myself. There may be a third season, we will see. http://renewcanceltv.com/detectorists-season-3-renewal-bbc-four-comedy-coming-back/ Well, I would welcome it! Detectorists has been renewed for a third and final season! http://r...
by bertilak
Sun Dec 03, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Migrating inherited portfolio to Index funds
Replies: 9
Views: 906

Migrating inherited portfolio to Index funds

The goal of this post is to ask for ideas on how to deal with the following situation. I inherited a portfolio of mixed assets: individual stocks and bonds, an unpriced REIT, a couple of limited partnership energy companies, stock funds, bond funds, a balanced fund, and probably other stuff I forgo...
by bertilak
Sat Dec 02, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Any Advantage to Purchasing Funds in Round Lots?
Replies: 9
Views: 531

Re: Any Advantage to Purchasing Funds in Round Lots?

If you have funds' dividends reinvested you will soon have partial shares anyway.
by bertilak
Sat Dec 02, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: Wellesley Fund gender diversity and climate focus
Replies: 9
Views: 1093

Re: Wellesley Fund gender diversity and climate focus

Another observation on the first link: It appears they have the idea that short skirts are important. In my experience good women leaders did not introduce a distraction by dressing provocatively. Someone please flag this dinosaur's comment as offensive. Or is this a parody account? :D Note I chang...
by bertilak
Sat Dec 02, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Wellesley Fund gender diversity and climate focus
Replies: 9
Views: 1093

Re: Wellesley Fund gender diversity and climate focus

Both of those articles state quite clearly and forcefully that mixed gender leadership has neither a positive nor a negative impact. The first link has an odd off-hand mention of "these surprising findings." It is odd that someone would so casually admit to being surprised. It smacks of questionable...
by bertilak
Wed Nov 29, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Moved But Which State to File In?
Replies: 6
Views: 469

Re: Moved But Which State to File In?

furwut wrote:
Wed Nov 29, 2017 5:43 pm
You probably will file a part time return for both states.
AND, both SS income and investment income are taxable.
by bertilak
Tue Nov 28, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5154

Re: Inheriting a large sum, slightly intimidated.

50:50 stock:bonds is far too conservative at age 28, IMHO. Another perspective. If the inheritance was $1MM instead of $2MM and the entire $1MM was invested in equities that would presumably avoid your "far too conservative" reaction. So pretend that's exactly what 50/50 is for a $2MM inheritance -...
by bertilak
Mon Nov 27, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2693
Views: 863315

Re: What Book Are You Currently Reading? Part VI

Moby-Dick or The Whale (1851) by Herman Melville After years of putting it off, I have finally decided to go to sea. That is, I will embark on the reading of Moby-Dick! This will be a long journey, some 730 pages. I am only on page 7, but have already decided I quite enjoy the narrator’s musings. I...
by bertilak
Mon Nov 27, 2017 6:38 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2693
Views: 863315

Re: What Book Are You Currently Reading? Part VI

Alexander McCall Smith, Precious and Grace, number 278* in the "No. 1 Ladies' Detective Agency" series but I must say he keeps the quality fairly high for unbelievable number of books he writes... *Just kidding, but it must be like the eleventh or twelfth or so... I found "No. 1 Ladies' Detective A...
by bertilak
Sat Nov 25, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2693
Views: 863315

Re: What Book Are You Currently Reading? Part VI

Moby-Dick or The Whale (1851) by Herman Melville After years of putting it off, I have finally decided to go to sea. That is, I will embark on the reading of Moby-Dick! This will be a long journey, some 730 pages. I am only on page 7, but have already decided I quite enjoy the narrator’s musings. H...
by bertilak
Fri Nov 24, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2693
Views: 863315

Re: What Book Are You Currently Reading? Part VI

I read PLF's Abducting a General: The Kreipe Operation in Crete . This is an interesting and well-written first-hand account of a WWII SOE operaton. The post-war meeting of Fermor and the general (Heinrich Kreipe) is included in this story. You may also like William Stanley Moss' Ill Met by Moonligh...
by bertilak
Thu Nov 23, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3127
Views: 921514

Re: What Movie Have You Recently Watched?

Inspector George Gently. I watched all the available episodes up to a year or so ago and loved it. Good plots, good characters, good evocation of the times ('60s). That was through season 7, to have been the last, but popular demand brought it back for more: a season 8 with just two episodes to tie ...
by bertilak
Mon Nov 20, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14097

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Ramsey's advice is like "Don't use power tools. You might hurt yourself."
by bertilak
Mon Nov 20, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Is investing with Vanguard a tragedy of the commons?
Replies: 41
Views: 4863

Re: Is investing with Vanguard a tragedy of the commons?

In the case of Vanguard or more particularly index funds, the common resource is the price discovery mechanism of the stock market. A few economic actors bear the cost of developing accurate fundamental prices for individual securities, and index investors benefit from this price development withou...
by bertilak
Sun Nov 19, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 100
Views: 8745

Re: Crashplan for Home ending service late 2018

Hmm. Well, I haven't actually tried it so maybe they left the configuration dialog in by mistake and the actual support isn't there.
by bertilak
Sun Nov 19, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 100
Views: 8745

Re: Crashplan for Home ending service late 2018

If you don't want to put any data online, CrashPlan can use an attached hard drive as a target backup destination, or even a hard drive on another computer anywhere in the world that is also running CrashPlan. Backing up to another computer is only available in Crashplan for Home, which is being di...
by bertilak
Sun Nov 19, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Your favorite Costco wines?
Replies: 40
Views: 3962

Re: Your favorite Costco wines?

We have had quite a few Costco (aka Kirkland) wines. They have all been quit good. My wife used to represent a wine and liquor distributor who supplied some high-end establishments in NYC and she seems to be happy with Kirkland wines. I don't think we ever spent over $30 at Costco. For a bottle of w...
by bertilak
Sun Nov 19, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Bond fund in a ROTH
Replies: 28
Views: 2363

Re: Bond fund in a ROTH

Are there situations when it makes sense to hold a bond fund in a ROTH IRA? Appreciate any thoughts. If you have a Roth IRA, a traditional IRA and a taxable account, which one, in the long run, would you like to see have the most money in it? I would go for the Roth, but I don't think that means yo...
by bertilak
Sun Nov 19, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5088

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by bertilak
Sun Nov 19, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 100
Views: 8745

Re: Crashplan for Home ending service late 2018

Any updates on this thread? What are the suggestions for a Luddite? I have 57 GB of data, and could get that down to under 50 GB if needed, all on one computer. My current backup plan is an approx monthly manual copy of the content of my computer to a separate hard drive kept in a safe. It has the ...