Search found 279 matches

by frankmorris
Sun Sep 17, 2017 2:30 pm
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2184

Re: 24 care home care for family member

Thanks everyone - thought I had posted a response before, but apparently it failed to go through. So helpful to hear everyone's advice, and I think the most difficult part is involving the person needing care as the person gradually loses the ability to make informed decisions that will lead to saf...
by frankmorris
Sat Sep 16, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2184

Re: 24 care home care for family member

Thanks everyone - thought I had posted a response before, but apparently it failed to go through. So helpful to hear everyone's advice, and I think the most difficult part is involving the person needing care as the person gradually loses the ability to make informed decisions that will lead to safe...
by frankmorris
Wed Sep 13, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: What If U.S. Stocks Stay Expensive For Years?
Replies: 50
Views: 6902

Re: What If U.S. Stocks Stay Expensive For Years?

People who attempt to explain long-term investment returns by math, without explaining some fundamental shift in US or global economics, are a bit over-confident and attempting to break what I've come to learn is rule #1 around here: Don't pretend to know things you don't. Things move & change - the...
by frankmorris
Wed Sep 13, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2184

Re: 24 care home care for family member

Very, very much appreciate everyone's stories and comments on this. As with many issues, it helps to know that we're a part of a larger group of people dealing with roughly similar issues. To the question about cognitive vs physical issues, it's becoming both - moreso just becoming much slower and g...
by frankmorris
Mon Sep 11, 2017 11:03 am
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2184

Re: 24 care home care for family member

Thanks everyone. This is all very helpful. Yes, it's very pricey and we're having consider the options. It's helpful to know that there aren't really any shortcuts. Another option we're considering is one of us moving in, but hiring hourly care to fill in when we can't be there.
by frankmorris
Mon Sep 11, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2184

24 care home care for family member

This is the first time our family has had to deal with this issue and it's a bit consuming. One of our family members is about at the point when she may require in home personal care - not medical, but bathing, kitchen, etc. She is elderly and wants to be independent, but less able. Probably your ty...
by frankmorris
Fri Sep 01, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Schwab Onesource Total US and Total World?
Replies: 9
Views: 920

Re: Schwab Onesource Total US and Total World?

Quick question - I'm working my way through Schwab Onesource (commission free) ETFs and trying to figure out which ones, if any, would effectively compare with Total World Stock (e.g., VT) or Total US Stock (e.g., VTI) for similar ERs? For example, SCHB is a "Broad Market" fund with an ER of %0.03,...
by frankmorris
Fri Sep 01, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: Schwab Onesource Total US and Total World?
Replies: 9
Views: 920

Re: Schwab Onesource Total US and Total World?

Total World Schwab OneSource equivalent is ACIM (SPDR MSCI ACWI IMI ETF) with a 0.25% expense ratio. Schwab does not offer a Schwab "Total World" ETF. Total U.S. SCHB (Schwab US Broad Market ETF) is the corollary to VTI (Vanguard Total Stock Market ETF). Total International Schwab does not offer a ...
by frankmorris
Fri Sep 01, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Schwab Onesource Total US and Total World?
Replies: 9
Views: 920

Schwab Onesource Total US and Total World?

Quick question - I'm working my way through Schwab Onesource (commission free) ETFs and trying to figure out which ones, if any, would effectively compare with Total World Stock (e.g., VT) or Total US Stock (e.g., VTI) for similar ERs? For example, SCHB is a "Broad Market" fund with an ER of %0.03, ...
by frankmorris
Tue Aug 29, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: First article I've read against indexing that seems convincing
Replies: 40
Views: 5667

Re: First article I've read against indexing that seems convincing

Correlation does not imply causation. (See this: http://www.tylervigen.com/spurious-correlations) The article did not prove that the issues observed (like lower IPOs or R&D spending) were caused by higher levels of indexing in the market. It certainly did not, but correlations can make for decent h...
by frankmorris
Tue Aug 29, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: First article I've read against indexing that seems convincing
Replies: 40
Views: 5667

Re: First article I've read against indexing that seems convincing

OP, I've followed many of your posts. We cannot convince you of something you don't want to be convinced of. I think you should pick a plan. Stick with it through thick and thin for 20 or 30 years. Only then will you know if it worked. Bogleheads is one of many ways to head down that next 20 or 30 ...
by frankmorris
Tue Aug 29, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: First article I've read against indexing that seems convincing
Replies: 40
Views: 5667

First article I've read against indexing that seems convincing

It seems every other day there is an article warning against the dangers of indexing, and even with my extremely limited experienced, I feel comfortable refuting or mitigating most points often made. This article makes a decent points, though, that make me think a bit more: https://apple.news/AH7Ccu...
by frankmorris
Fri Aug 11, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 17
Views: 1920

Re: Redfin

This is a very uninformed opinion, but my general sense is that there is a huge addressable market for people who want to sell and buy their homes without real estate agents, and if they can develop a system in which this can happen for a vastly reduced commission, that would seem like a huge upside...
by frankmorris
Thu Aug 10, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Washington State Income/Capital Gains Tax Changes
Replies: 2
Views: 438

Washington State Income/Capital Gains Tax Changes

This question may be way too specific for this forum, but let's try: Researching Washington State for potential relocation and trying to get a handle on the state current prospects on passing either income tax or capital gains tax specifically. I understand that Seattle just passed a city income tax...
by frankmorris
Wed Aug 09, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 8318

Re: Retire early, live abroad until 65 and come back

Fascinating thread. One person mentioned this a while back - taxes on the state level. I'm not sure how taxes are assessed if you live abroad, but would assume you'd be state income taxes if you had a home base in that state. So, yes - living in a no-income tax state would likely be best if you coul...
by frankmorris
Wed Aug 09, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: 2017’s Best & Worst States for Health Care
Replies: 15
Views: 2154

Re: 2017’s Best & Worst States for Health Care

Very much agreed that this has more to do with city and your particular coverage than the state you live in. In my current state, quality of care 3 hours from the major city is going to be a lot different than quality of care in the middle of the big city.
by frankmorris
Wed Aug 09, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Re: Maintain sector ETFs to add/withdrawal most effectively?

No, your original investment was $20,000 and you are withdrawing $2,000 - 10%. The only reason (other than taxes) it would make a difference which investment you took it from was if you expected one of the sectors/investments to ourperform going forward - which you say above you don't. Again, not e...
by frankmorris
Tue Aug 08, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Re: Maintain sector ETFs to add/withdrawal most effectively?

I do wonder, that being the case, if we're seeing higher correlations as globalization and technology connect us more and more, but yes - if correlations are just as low, and risk just as low as well, would be easier to do 3 funds than 10. You might appreciate this recent Forum thread: Internationa...
by frankmorris
Tue Aug 08, 2017 11:03 pm
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Re: Maintain sector ETFs to add/withdrawal most effectively?

I think you are being too cute by half (or more than half but that isn't as catchy). If rebalancing between sectors will lead to higher gains you should have that as a strategy regardless of any needs for withdrawals - why aren't you using that as you base approach to asset allocation? Except that ...
by frankmorris
Tue Aug 08, 2017 10:40 pm
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Re: Maintain sector ETFs to add/withdrawal most effectively?

In terms of regions, I've definitely thought about that as well - one issue is that the correlations don't look to be as low. For example, I ran correlations between EM small cap and US total stock, and found the correlation to be around .84 - given the increased risk of EM small cap, I'm not sure ...
by frankmorris
Tue Aug 08, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Re: Maintain sector ETFs to add/withdrawal most effectively?

Tax vs non-taxed account: Unfortunately, in my situation this won't be an option initially, doesn't really address the larger purpose of the strategy, which is to create better opportunities for more targeted ongoing withdrawal. The goal isn't really to boost returns of my total portfolio long-term....
by frankmorris
Tue Aug 08, 2017 7:47 am
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Re: Maintain sector ETFs to add/withdrawal most effectively?

Thanks everyone. Backtests: I've used portfoliovisualizer quite a bit, but I'm not sure how I'd construct this backtest meaningfully, and without data-mining. First, just starting with all sectors at the same weight as the S&P, for example, should yield the same results as the S&P, minus fees. But, ...
by frankmorris
Mon Aug 07, 2017 10:07 pm
Forum: Personal Consumer Issues
Topic: Advise on house selling
Replies: 29
Views: 2178

Re: Advise on house selling

This is a pretty timely thread for me as well. Good insight. One question I've had is the issue of the buyer's agent. Are there enough buyers out there without agent's that you can get a pool of potentials sufficient to close a sale? I suppose no harm trying, other than the work I'd be putting in an...
by frankmorris
Mon Aug 07, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Maintain sector ETFs to add/withdrawal most effectively?
Replies: 21
Views: 1298

Maintain sector ETFs to add/withdrawal most effectively?

Guessing a few of you will be able to talk me out of this idea as I continue to develop my investing plan: While keeping a bulk of money in total stock or total world stock, I'm thinking of creating a smaller chunk of my taxable portfolio in sector ETFs starting with equal weighting to total stock o...
by frankmorris
Fri Aug 04, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant/Planner fees during estate transfer
Replies: 18
Views: 1138

Re: Accountant/Planner fees during estate transfer

bsteiner your expertise is most appreciated. Thank you again for your time.

NotWhoYouThink: Thanks for this clarification. I must not have viewed the trust document, then, as I'm fairly certain I've viewed the will. Thanks for your time in responding to this.
by frankmorris
Thu Aug 03, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant/Planner fees during estate transfer
Replies: 18
Views: 1138

Re: Accountant/Planner fees during estate transfer

First, thanks so much to everyone taking the time to respond. This is very helpful. Second, wow - there are quite a few folks dipping into pot it seems: trustees, attorneys, executors, banks, etc. To answer a few questions: - The estate should not have to go through probate from what we've been told...
by frankmorris
Thu Aug 03, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant/Planner fees during estate transfer
Replies: 18
Views: 1138

Re: Accountant/Planner fees during estate transfer

... to confirm, there shouldn't be any sort of % fee (e.g., AUM) that anyone would charge as a commission or handling fee? Stockbrokers will charge a commission to sell the securities. Investment advisors will usually charge a percentage of assets under management if the executors hire them to mana...
by frankmorris
Thu Aug 03, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant/Planner fees during estate transfer
Replies: 18
Views: 1138

Re: Accountant/Planner fees during estate transfer

Thanks everyone. To answer the previous question, it's a somewhat difficult situation because I've been looped into involvement in the process, but not fully. I'm being asked some questions and brought into some meetings, but not told all information - typical situation in which family finances are...
by frankmorris
Thu Aug 03, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant/Planner fees during estate transfer
Replies: 18
Views: 1138

Re: Accountant/Planner fees during estate transfer

Thanks everyone. To answer the previous question, it's a somewhat difficult situation because I've been looped into involvement in the process, but not fully. I'm being asked some questions and brought into some meetings, but not told all information - typical situation in which family finances aren...
by frankmorris
Wed Aug 02, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant/Planner fees during estate transfer
Replies: 18
Views: 1138

Accountant/Planner fees during estate transfer

Working with family to ensure everything is in place for a smooth transition for an estate between family members (Grandparents to children and grandchildren) upon death of grandparents, and wondering if there are any customary fees that we might expect to pay to the accountant or planner/advisor in...
by frankmorris
Thu Jul 20, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 111
Views: 15039

Re: Ally Bank 1.25% 11 month with no EWP

Just opened an Ally account myself and just using the high yield savings, with an associated checking for daily use. The no penalty high yield CD seems pretty great, although I agree it depends on the actual amount of money you're making at the end of the day. For $10,000 or so, yeah I'm probably wi...
by frankmorris
Sun Jul 16, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs robo investing program
Replies: 28
Views: 2406

Re: 3 fund vs robo investing program

I think we'd all need to be open to have computers/AI could eventually provide interesting and insightful information, but as an investor concerned mostly with a large taxable account, the limitations still apply in terms of usefulness of slicing & dicing: as the computer detects newly effective str...
by frankmorris
Sat Jul 15, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Getting step-up in cost basis on grandma's trust?
Replies: 9
Views: 746

Re: Getting step-up in cost basis on grandma's trust?

In part a response to cas, I'm going through a situation as well in which trusts were formed under old estate tax laws that changed about 25 years into the creation of the original plan. Two elements have been frustrating: 1) None of the financial folks involved in my grandparents' estate bothered t...
by frankmorris
Sun Jul 09, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12019

Re: "Bond wipeout has just begun"???

I'm not the OP, but when I personally think about not wanting to lose the initial investment, I realize there is a margin of error and a degree of risk/reward balance. The whole point, though, is that both the risk and reward appear to be substantially less with a total bond fund than a total stock...
by frankmorris
Sun Jul 09, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12019

Re: "Bond wipeout has just begun"???

Of course, this doesn't guarantee that a bond fund will recover quickly, which brings me to y-our second point - look at how Vanguard's total bond fund performs over time in terms of both NAV/price and rate. The rate of BND tends to adjust rather quickly to a changing rate environment, and the NAV ...
by frankmorris
Sun Jul 09, 2017 7:41 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12019

Re: "Bond wipeout has just begun"???

The rate of BND tends to adjust rather quickly to a changing rate environment, and the NAV price doesn't go down (or up) by more than a few percentage points, and for more than a few months. 1) The rate of BND tends ? to adjust. No it must adjust on a minute by minute basis. That's the nature of bo...
by frankmorris
Sun Jul 09, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12019

Re: "Bond wipeout has just begun"???

Of course, this doesn't guarantee that a bond fund will recover quickly, which brings me to y-our second point - look at how Vanguard's total bond fund performs over time in terms of both NAV/price and rate. The rate of BND tends to adjust rather quickly to a changing rate environment, and the NAV ...
by frankmorris
Sun Jul 09, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: At what point does passive investing become dangerous?
Replies: 24
Views: 3548

At what point does passive investing become dangerous?

Barron's has an article today that continues the discussion of the dangers of passive investing on the market, from lack of fundamental-based investment decisions to larger market swings that may occur because of bubbles created because people are too invested in over-priced large stocks in market c...
by frankmorris
Sun Jul 09, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12019

Re: "Bond wipeout has just begun"???

On the other hand, bond funds such as Vanguard Total Bond are constantly selling and buying new bonds of all types. The major difference is that you might see a temporary decline in face value of the Total Bond shares, but history suggests that a relatively quick recovery is likely. I don't underst...
by frankmorris
Sun Jul 09, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12019

Re: "Bond wipeout has just begun"???

To the OP: I posted a question about this a few weeks back, wondering about the difference in value change between a bond and a bond fund. If a LT bond yields 3% and at some point a 5% is offered, clearly the value of that individual bond has gone down, assuming you don't ride it out to maturity. On...
by frankmorris
Sun Jul 02, 2017 10:52 am
Forum: Investing - Theory, News & General
Topic: The "angle" at Schwab
Replies: 32
Views: 4238

Re: The "angle" at Schwab

Thanks everyone. Yes, Taylor - seems that folks are happy with the model (except the response immediately above me), despite the compensation plan being commission-based, at least in part. Certainly something to keep an eye on and be aware of, but looks like for most folks it hasn't been a deal brea...
by frankmorris
Sun Jul 02, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

Thanks all. Specifically: @nisiprius: Thanks - yes, interesting that that happens, but even if we don't understand it I guess it's good that the recovery time is shorter. And yes - nothing much worked in the 70s I suppose. @NPT: ST would make more sense in terms of safety, but at 1.5% yield I'd be s...
by frankmorris
Sat Jul 01, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

Thanks for being willing to enlighten dbr - I do appreciate it, and I'm continuing to mentally work toward reconciling my perspective with the truth presented in yours. Perhaps another variable in my particular investment plan (as it's unfolding, though not yet implemented): As I'm in my mid-30s and...
by frankmorris
Sat Jul 01, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

What would happen if the fed continued to raise rates at a similar pace for the next 2 years - do folks think we'd see similar BND recovery? What would happen if inflation picked up and fed raised even more quickly? http://myphotos.mypclinuxos.com/images/patrick013/trsytable.png What is happening i...
by frankmorris
Sat Jul 01, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

Why would you think you can't use your money along the way? You could go to FireCalc and see if a choice between LT and ST bonds makes any difference when withdrawing from a portfolio. A 50/50 stock/bond portfolio, 30 years, 4% withdrawal fails 6% of the time with LT Treasuries and 4% of the time w...
by frankmorris
Fri Jun 30, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

I asked a similar question a while back, but given that we've never really seen what a bond index fund would do in a rising rate environment, how do you think something like BND would perform? I know the value would at least temporarily go down, but I'm curious: 1) How much of an impact 2-3 0.25% r...
by frankmorris
Fri Jun 30, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

I asked a similar question a while back, but given that we've never really seen what a bond index fund would do in a rising rate environment, how do you think something like BND would perform? I know the value would at least temporarily go down, but I'm curious: 1) How much of an impact 2-3 0.25% r...
by frankmorris
Fri Jun 30, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4828

Re: Total Bond Fund in a rising rate environment

Ah, gotcha. Yes, I'll end up being 60-80% stocks and the rest bonds. I'm generally looking for a TSM/TISM approach to equities - the bonds are less about short/moderate-term stability from an emotional perspective, and more from an "access to capital" perspective should I need to take something out...
by frankmorris
Fri Jun 30, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Should I Sell Energy Index (VDE) and take loss?
Replies: 43
Views: 3217

Re: Should I Sell Energy Index (VDE) and take loss?

The idea of selling energy now and buying TSM is pretty much a "sell low" and "buy high" scenario. Unless you believe oil won't ever come back up, or you're anticipating needing to sell before it does, you're only baking in your losses over the past 2 years if you sell now. On the other hand, there ...