Search found 19462 matches

by dbr
Fri Sep 30, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 14
Views: 525

Re: Beginner's guide to not getting con'd by Chase

In general maneuvering to get the new Chase Sapphire Reserve card while in violation of the 5x24 rule is something you do after your actual financial affairs are squared away. That said, it could actually be that you can buy Vanguard ETFs for minimal transaction costs in a Chase brokerage window if ...
by dbr
Fri Sep 30, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What you guys do with the bonus
Replies: 30
Views: 1177

Re: What you guys do with the bonus

A what?

One question sometimes asked of people in my line of work was how much we got from the company for being inventor on a patent, etc. The best answer from one of our senior scientists was "We get to keep our jobs."
by dbr
Fri Sep 30, 2016 1:56 pm
Forum: Personal Consumer Issues
Topic: Do you object to your children selling raffle tickets?
Replies: 33
Views: 965

Re: Do you object to your children selling raffle ticktes?

Sounds like personal choice to me. Push back if the school objects to your personal choice. We have a more or less unspoken agreement at work that we don't sell our kids' fundraising stuff to each other which I very much appreciate. Yes, where I worked it was implied if not explicit company policy ...
by dbr
Fri Sep 30, 2016 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: High yield corporate bond fund VWEAX vs. REIT fund VGSLX
Replies: 7
Views: 247

Re: High yield corporate bond fund VWEAX vs. REIT fund VGSLX

In a taxable account, one may want to limit income, but in a tax-advantaged account, income should not matter. Total return is all that matters. I would not allow income to factor into my decision on whether or not to hold an asset. Yes, there are two misconceptions going on here. One is mixing up ...
by dbr
Fri Sep 30, 2016 1:42 pm
Forum: Personal Consumer Issues
Topic: Do you object to your children selling raffle tickets?
Replies: 33
Views: 965

Re: Do you object to your children selling raffle ticktes?

Just keep in mind that what the IRS defines things to be for tax purposes is not the same thing as what they are by other definitions.
by dbr
Fri Sep 30, 2016 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum vs Annuity (Plot twist: need to make decision 30 years prior to retirement)
Replies: 5
Views: 324

Re: Pension Lump Sum vs Annuity (Plot twist: need to make decision 30 years prior to retirement)

Hi folks, Am I thinking about this the right way? On the one hand there's something to be said for the pension annuity's dependable stream of income (assuming it is dependable) but there's also something to be said for the flexibility of managing it ourselves, and we're certainly comfortable doing ...
by dbr
Fri Sep 30, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: VTIP VANGUARD SHORT-TERM INFLATION PROTECTED SECS
Replies: 2
Views: 206

Re: VTIP VANGUARD SHORT-TERM INFLATION PROTECTED SECS

It might be part of the confusion in the OP is that different kinds of bonds are sensitive to the interest rates that apply to that kind of bond. The short term investment grade fund depends on the nominal interest rate of short term investment grade bonds, but the interest rate on TIPS is the real ...
by dbr
Fri Sep 30, 2016 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Why are there fees every month in my Vanguard 401k?
Replies: 13
Views: 721

Re: Why are there fees every month in my Vanguard 401k?

Generally it is going to cost maybe 0.10% to 0.15% of assets to keep track of all the transactions involved, which is an interaction with company payroll, distribute money to investments, maintain records such as contact information, beneficiary information, maintain a web portal so employees can in...
by dbr
Fri Sep 30, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Why are there fees every month in my Vanguard 401k?
Replies: 13
Views: 721

Re: Why are there fees every month in my Vanguard 401k?

Yet under the fee tab for each fund, I have "None" for purchase fee, redemption fee and 12-1b fee. So what fees are these? If you follow the links from My Accounts -> Employer Plans -> Plan Details -> Plan Communications can you see a Fee Disclosure or similar document(s) in the Legal and...
by dbr
Fri Sep 30, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: Do you object to your children selling raffle tickets?
Replies: 33
Views: 965

Re: Do you object to your children selling raffle ticktes?

To each their own! I see it more as charity than gambling. I also see it as charity and not gambling. I would buy such tickets as a donation if I chose to make a donation to the organization at all and I would not worry about the kids doing it as long as accompanied by parents. As an aside, I alway...
by dbr
Fri Sep 30, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Why are there fees every month in my Vanguard 401k?
Replies: 13
Views: 721

Re: Why are there fees every month in my Vanguard 401k?

Does anyone have a Vanguard 401k? I just realized when I looked at my transaction history, there are multiple fees every month, sometimes more than once per month! For example, right now I have Total Stock Market Fund and Company Stable Value Fund. Every month, I am seeing a fee deduction: "Fe...
by dbr
Fri Sep 30, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: How much cash should I have in my portfolio?
Replies: 16
Views: 1538

Re: How much cash should I have in my portfolio?

I should add that cash is not actually fixed in value either. The value of cash is subject to inflation. It is illusory to imagine that holding cash removes risk from the holding. It might be that a holding in I bonds solves that problem, but limitations on the purchase of I bonds and some other res...
by dbr
Fri Sep 30, 2016 10:58 am
Forum: Investing - Theory, News & General
Topic: Cash+Stocks Retirees, We Need To Talk!
Replies: 30
Views: 2339

Re: Cash+Stocks Retirees, We Need To Talk!

Lieutenant.Columbo wrote:would you agree that "at least 25% in bonds!" is equivalent to "at least 25% in bonds+cds"?
thank you!


I would think that almost all the time that would be the case.
by dbr
Fri Sep 30, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: Cash+Stocks Retirees, We Need To Talk!
Replies: 30
Views: 2339

Re: Cash+Stocks Retirees, We Need To Talk!

Just to add a comment to the discussion by siamond. The point is that "selling stock when it is down" is too naive a concept for the actual case of withdrawals from a portfolio. There are two issues, one being how the asset allocation is handled and the other being how the rate of withdra...
by dbr
Fri Sep 30, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Why are there fees every month in my Vanguard 401k?
Replies: 13
Views: 721

Re: Why are there fees every month in my Vanguard 401k?

Who is the administrator for the plan? If it is Vanguard they should be able to explain these fees in detail. 401K plans are required to send you a document detailing exactly what the costs of the plan are.
by dbr
Fri Sep 30, 2016 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest in bonds now
Replies: 7
Views: 487

Re: Should I invest in bonds now

I would examine exactly what you mean by "but do like the reduced risk." Paul is right on. If 2008 happened again but this time the market does not recover for more than ten years, how would that affect you? Would reducing that impact by putting half your assets in bonds change the prospec...
by dbr
Fri Sep 30, 2016 10:13 am
Forum: Investing - Help with Personal Investments
Topic: How much cash should I have in my portfolio?
Replies: 16
Views: 1538

Re: How much cash should I have in my portfolio?

Assuming by cash we mean low returning investments such as money market funds and savings or checking accounts at little or no interest then the theoretical answer is as little as possible. If by cash we include CDs, I bonds or some other instruments that are cash valued and easy to withdraw from th...
by dbr
Fri Sep 30, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: Where/how do Bogleheads get their tires inflated?
Replies: 53
Views: 2111

Re: Where/how do Bogleheads get their tires inflated?

Local gas station, but I do keep my own pressure gauge in the car.

The station charges nothing and tires could be checked every time I buy gas. The air hose is right out on the gas pumps.
by dbr
Fri Sep 30, 2016 9:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs vs. Index Funds
Replies: 14
Views: 1306

Re: Vanguard ETFs vs. Index Funds

Thanks for all the responses. I don't have enough in this fund to qualify for the Admiral funds, or I would likely just go that route. As a follow up, I've always been told about the value of dollar-cost-averaging, which ensures that I don't buy all of a fund when it's at the most expensive price p...
by dbr
Fri Sep 30, 2016 9:46 am
Forum: Investing - Theory, News & General
Topic: Cash+Stocks Retirees, We Need To Talk!
Replies: 30
Views: 2339

Re: Cash+Stocks Retirees, We Need To Talk!

Just to add a comment to the discussion by siamond. The point is that "selling stock when it is down" is too naive a concept for the actual case of withdrawals from a portfolio. There are two issues, one being how the asset allocation is handled and the other being how the rate of withdraw...
by dbr
Fri Sep 30, 2016 9:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs vs. Index Funds
Replies: 14
Views: 1306

Re: Vanguard ETFs vs. Index Funds

I use ETFs in the cases where the investments are at a brokerage and I can save in transaction fees. There are a lot of reasons one may have no choice in brokerage or prefer not to broker at Vanguard. This works as I am currently running a 0.004% addition to expenses from transactions.
by dbr
Fri Sep 30, 2016 9:27 am
Forum: Investing - Theory, News & General
Topic: Anybody using Rick Ferri's "Total Economy Portfolio"?
Replies: 25
Views: 3080

Re: Anybody using Rick Ferri's "Total Economy Portfolio"?

I think a lot of tilters split their US portion to half 500 index and half SCV (or just SC). If they are also using half US and half foreign, that would work out to 25% of the stock allocation going to SCV. I don't see 25% of stock (not necessarily portfolio) as being all that high among people who...
by dbr
Fri Sep 30, 2016 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Is a stock dividend account a good idea?
Replies: 11
Views: 585

Re: Is a stock dividend account a good idea?

Good point above. I should not assume this is a fund rather than a selection of stocks. A selection of stocks is more risky than a highly diversified mutual fund and may involve commissions buying and selling, especially if the broker churns your account. The previous post is correct in asking exact...
by dbr
Fri Sep 30, 2016 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Is a stock dividend account a good idea?
Replies: 11
Views: 585

Re: Is a stock dividend account a good idea?

My question: In March 2015 a broker convinced me to open a stock dividend paying account (he called it) The idea is I invest $100,000 and receive approx $400/month in dividends and don't touch principle. In retirement the $3,600/yr could cover my property tax (Arizona) & homeowners ins. $400/mo...
by dbr
Fri Sep 30, 2016 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Target funds [are they bad to use for retirement?]
Replies: 9
Views: 765

Re: Target funds [are they bad to use for retirement?]

I'm going to differ a bit from nisi above. First of all I don't think TR funds are "bad" to use for retirement, but I do think there are some specific issues to be aware of. It is quite correct that simply judging things in investing as "best," "bad," "necessary,&q...
by dbr
Thu Sep 29, 2016 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to First Command
Replies: 18
Views: 810

Re: TSP to First Command

The discussion really is about how horribly bad First Command is rather than a question of TSP being the best answer forever. The OP thanked everyone for being informed of that, and informed everyone that he would steer clear. That being the case, does that point require further discussion? Probabl...
by dbr
Thu Sep 29, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 52
Views: 4853

Re: Spouse concerned about buying luxury SUV

meowcat wrote:
NYGiantsFan wrote:
sedans are not comfortable for long distance driving.

You were driving the wrong sedan. I find sedans much, much more comfortable than SUV's.


I would bet that as a general rule that is true. I still actually miss my '99 LeSabre and didn't find a current vehicle that replaces it.
by dbr
Thu Sep 29, 2016 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to First Command
Replies: 18
Views: 810

Re: TSP to First Command

The discussion really is about how horribly bad First Command is rather than a question of TSP being the best answer forever. The OP thanked everyone for being informed of that, and informed everyone that he would steer clear. That being the case, does that point require further discussion? Probabl...
by dbr
Thu Sep 29, 2016 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Administrative activities take months at Vanguard
Replies: 10
Views: 919

Re: Administrative activities take months at Vanguard

Right. The legal obligation of a broker or firm holding an IRA or managing a 401K is to report to the investor the year end balance on which the RMD is to be calculated. There is no requirement legal, moral, or practical to take care of the investor meeting his obligations as a taxpayer.
by dbr
Thu Sep 29, 2016 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to First Command
Replies: 18
Views: 810

Re: TSP to First Command

The discussion really is about how horribly bad First Command is rather than a question of TSP being the best answer forever.
by dbr
Thu Sep 29, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley double wallop?
Replies: 26
Views: 3120

Re: Wellesley double wallop?

It's a common myth these days that stocks and bonds go in opposite directions. This was not true very often from the 1960s through the late 1990s. It has been more true from 1998 until now, and this I think is the reason for the misconception. The true relationship is, as Mr. Bogle says, that bonds...
by dbr
Thu Sep 29, 2016 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley double wallop?
Replies: 26
Views: 3120

Re: Wellesley double wallop?

Hi Dbr, what i meant about the dividends was that Wellesely pays them quarterly. So one would have to be in the fund to receive the dividends versus being in cd's or something similar. I guess it kind of boils down to capital preservation in the current market environment. I have a fairly large bot...
by dbr
Thu Sep 29, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 50
Views: 2662

Re: Retirement based on not on #, but healthcare?

I retired the month I turned 65 and signed up for Medicare. I get BCBS from the state university system as secondary to Medicare at no cost to me and we pay a monthly premium to the university system for BCBS for the spouse. We have a smallish annuity from my employment and have been lucky with our...
by dbr
Thu Sep 29, 2016 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Furious about adult education class [Investment seminar]
Replies: 42
Views: 3313

Re: Furious about adult education class

I wasn't planning on attending. I'm concerned about the people who do attend getting duped. I think it's irresponsible of the adult education center to offer such a course. Not everyone wants to manage their own money. It's better to at least let SOMEONE manage it than sit in a bank account or wors...
by dbr
Thu Sep 29, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 50
Views: 2662

Re: Retirement based on not on #, but healthcare?

I know one person who didn't have a choice about retiring but has been saved from health care disaster by government employee insurance. We made a narrow escape into Medicare/Medigap just ahead of Megacorp progressively destroying retiree health care. They were not particularly upfront about it eith...
by dbr
Thu Sep 29, 2016 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley double wallop?
Replies: 26
Views: 3120

Re: Wellesley double wallop?

Dandy, you have pretty well voiced my concerns with the equity market. So there might be 2 hits, equity prices lower & bond prices lower, so one would just have to grit their teeth and stay with invested in order to get the dividends. However, if one's risk tolerance doesn't allow for that then...
by dbr
Thu Sep 29, 2016 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 2805

Re: Advisor choices [did my advisor invest wisely for me?]

The idea that one needs an advisor to "create" income streams is the beginning of some really bad investing.

PS The idea that one needs to "create" income streams at all may lead to some bad investing with or without an adviser.
by dbr
Thu Sep 29, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: Savings rate and sequence of returns risk
Replies: 8
Views: 713

Re: Savings rate and sequence of returns risk

As explained, having a lot of money and not planning to spend much of it means that a bad sequence of returns in retirement will not interfere with your plans. Not interfering with your plans means there is no risk because risk should be interpreted as the chance of something happening multiplied by...
by dbr
Wed Sep 28, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategist
Replies: 6
Views: 601

Re: Tax Strategist

Of course, things like the Wiki on Tax Efficient Fund Placement, would be an article on tax strategy. There have been discussions regarding the degree to which the advice in that article might be contingent on various conditions. Another example is the discussion of tax adjusted asset allocation to ...
by dbr
Wed Sep 28, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategist
Replies: 6
Views: 601

Re: Tax Strategist

Some years ago I had a tax consideration that I thought needed some serious analysis. I paid a CPA a few hundred dollars to run some alternatives to devise a strategy. The result was somewhat worth it (yes, consequences much larger than the cost), but if I had the same situation again I would figure...
by dbr
Wed Sep 28, 2016 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard - tax lots
Replies: 14
Views: 993

Re: Vanguard - tax lots

Do you really have to send Vanguard a letter to tell them which shares to sell, if they are non-covered and you have chosen SpecId? Or can you just keep track of it yourself? Vanguard does not report the info to the IRS for non-covered shares. The idea was supposed to be not that Vanguard got a let...
by dbr
Wed Sep 28, 2016 3:22 pm
Forum: Personal Consumer Issues
Topic: RX350 Laser Cruise Control / other vehicles comparison
Replies: 2
Views: 424

Re: RX350 Laser Cruise Control / other vehicles comparison

Here is a list of cars (in this article) that have adaptive cruise control systems: https://en.wikipedia.org/wiki/Autonomous_cruise_control_system#Vehicle_models_supporting_adaptive_cruise_control This feature in some form is available from virtually all manufacturers in some model selection and tri...
by dbr
Wed Sep 28, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 52
Views: 4853

Re: Spouse concerned about buying luxury SUV

Comments are right on. Preferences are so specific to individuals that even attempting to supply information runs aground on subjective criteria and tastes. If this were not true then we would not find that each and every one of literally hundreds of makes, models, and versions of cars and trucks ar...
by dbr
Wed Sep 28, 2016 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: dividend index funds
Replies: 14
Views: 1625

Re: dividend index funds

Depending on one or two stocks for your retirement is hugely risky. You can look up a list of companies that have gone bankrupt in the past 5, 10, or 15 years and find many that no one would have expected would fail until it happened. When a company goes bankrupt you not only do not get a dividend a...
by dbr
Wed Sep 28, 2016 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Why Is a Vanguard Internal Transfer Taking Almost Two Months?
Replies: 10
Views: 1396

Re: Why Is a Vanguard Internal Transfer Taking Almost Two Months?

I remember assets in a trust taking a couple of months to unwind into the accounts of the heirs. The administrators involved were quite competent, kept everyone advised of progress, and were straightforward about how long it would take. I suspect that is just how it is with some kinds of transfers. ...
by dbr
Wed Sep 28, 2016 9:03 am
Forum: Investing - Theory, News & General
Topic: Anybody using Rick Ferri's "Total Economy Portfolio"?
Replies: 25
Views: 3080

Re: Anybody using Rick Ferri's "Total Economy Portfolio"?

Tilting to small cap value and/or to REIT is discussed in many threads, on the Wiki, and in the literature. You could probably Google for a number of extensive articles that would be worth reading. Among other things look for are slice and dice, the Fama-French model of investment returns, factor in...
by dbr
Wed Sep 28, 2016 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 2805

Re: Advisor choices [did my advisor invest wisely for me?]

A lot of folks like Vanguard's Advisory service where they charge 0.30% a year to manage your investment portfolio. Vanguard uses the very cheap index funds. Our local Boglehead chapter recently had a Q & A session with a Vanguard personal adviser who explained they will structure a portfolio w...
by dbr
Tue Sep 27, 2016 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Management
Replies: 16
Views: 1457

Re: Help with Vanguard Management

It is not credible that Vanguard would force a person to take a distribution from an IRA by insisting on mailing them checks. That would probably be illegal, actually.

Conclusion: There is something messed up here where there is miscommunication and misunderstanding most possibly on both sides.
by dbr
Tue Sep 27, 2016 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Management
Replies: 16
Views: 1457

Re: Help with Vanguard Management

Thanks. I can see there are some restrictions but certainly various options that would work.

It is certainly not going to be possible to get someone at Vanguard to change how they operate their accounts just because one person or another would rather have it another way.
by dbr
Tue Sep 27, 2016 4:30 pm
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 52
Views: 4853

Re: Spouse concerned about buying luxury SUV

I know people who have avoided a luxury mark because they would rather not be conspicuous coming and going and leaving the vehicle in a sketchy area that they have to routinely visit or is the neighborhood where they work. Is that the issue? I also know people who might be reluctant to look too upsc...

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