Search found 623 matches

by gasman
Wed Aug 24, 2016 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard discouraging investing with Prime MM
Replies: 10
Views: 1913

Vanguard discouraging investing with Prime MM

Everyone is aware of the move by Vanguard to use the Federal Money market as the settlement account for VBS transactions. In the last 90 days I have had my HSA and my 401k (which have different custodians managing) replace the Vanguard Prime money market option with something else. It seems that Van...
by gasman
Tue Aug 23, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Hidden Wealth of the Silent Generation
Replies: 9
Views: 1327

Re: Hidden Wealth of the Silent Generation

If he was in the Army in Korea, he experienced WW2 as an adolescent and maybe the great depression was part of his memories. In addition to the deprivations that those who served overseas experienced, for those that were home due to youth or gender - meat, gasoline, butter, and sugar were rationed. ...
by gasman
Mon Aug 15, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Think Oregon 529 is *clearly* better than Roth - what am I missing?
Replies: 13
Views: 1220

Re: Think Oregon 529 is *clearly* better than Roth - what am I missing?

You are not missing anything. But I would add the caveat if and only if you plan to use the 529 monies for eligible higher education expenses.
by gasman
Thu Jul 28, 2016 9:19 am
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 69
Views: 5521

Re: What makes people succeed?

Some combination of talent, drive, and luck.
by gasman
Wed Jul 06, 2016 2:57 pm
Forum: Investing - Theory, News & General
Topic: Credit Risk Premium
Replies: 17
Views: 1105

Re: Credit Risk Premium

Larry,

Given the downsides of corporate bonds, what do you think is the role of a fund like DFEQX is in a portfolio I believe that you have recommended it in the past.
by gasman
Thu Jun 30, 2016 4:01 am
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 88
Views: 5093

Re: What is the Bogleheads position on Long-term successful daytraders?

They probably do exist. Probably slightly less prevalent than successful gamblers.
However, I personally never have met anyone who admits to going to Las Vegas and losing.
by gasman
Fri Jun 24, 2016 5:20 pm
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 3922

Re: don't deal in GBP pound sterling today (June 23 2016)

As luck would have it I am traveling to London tomorrow. Suggestions for changing cash? Airport? Hotel? Bank on Monday?
by gasman
Fri Jun 24, 2016 4:47 am
Forum: Investing - Theory, News & General
Topic: Buying international ETFs today
Replies: 2
Views: 728

Buying international ETFs today

Planning to add to my international position today. Given that this is likely to be an unusual day in the markets, is there a way to discern whether or not an international ETF from whatever provider is trading a significant discount (or premium)?on a real time basis? Looking to pick up an extra per...
by gasman
Thu Jun 09, 2016 11:02 am
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury low yield
Replies: 45
Views: 4048

Re: 10 Year Treasury low yield

Anybody shortening durations given near record low yields and a pretty flat yield curve? Even at the cost of harvesting capital gains?

Been thinking of doing just that. Have a good amount of unrealized gains in Vanguard intermediate term tax empt and my state specific fund.
by gasman
Wed Jun 01, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Need tips: interviewing for private practice GI job
Replies: 4
Views: 494

Re: Need tips: interviewing for private practice GI job

Are all partners equal? Founding partners with enhanced voting rights? Seniority based perks? Are any family members employees of the practice? Or do any family members sell goods and services e.g. brother of doc is corporate accountant or runs retirement plan? Does the practice have any sweet heart...
by gasman
Tue May 31, 2016 2:47 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8830

Re: Would you pay 6x face value to see Hamilton on Broadway?

vectorizer wrote:
gasman wrote: I did in fact pay up to see Hamilton six month ago on a trip to NY. only paid about $450 per ticket on a Tuesday night.

In retrospect, was it worth it?


For the happiness that it brought my wife and daughter it was. For me...Nope.
by gasman
Tue May 31, 2016 2:37 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8830

Re: Would you pay 6x face value to see Hamilton on Broadway?

It's Ok to do something completely frivolous once in awhile. I did in fact pay up to see Hamilton six month ago on a trip to NY. only paid about $450 per ticket on a Tuesday night.
by gasman
Mon May 30, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Private school? Any regrets?
Replies: 92
Views: 6665

Re: Private school? Any regrets?

Sent both kids to private school all the way through. They turned out well. Both went to competitive private colleges. No regrets even though it was serious money.
by gasman
Mon May 16, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard's bond desk shows no 7 nor 10 year brokered CDs
Replies: 10
Views: 1220

Re: Vanguard's bond desk shows no 7 nor 10 year brokered CDs

There are choices available in the 7-10 year range on the secondary market @ VBS.
by gasman
Sun May 08, 2016 9:46 am
Forum: Investing - Theory, News & General
Topic: public pension plan unfunded liabilities
Replies: 64
Views: 7357

Re: public pension plan unfunded liabilities

Re political, no one needs to discuss the politics of the situation, just focus on the investment implications of the underfunding. That's safe ground. It has implication certainly if you are an employee of one of the plan sponsors, and it has implications even if not--your state could suffer first...
by gasman
Wed May 04, 2016 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting too early? Firecalc comments
Replies: 21
Views: 3797

Re: Quitting too early? Firecalc comments

"life happens" - evolving values, changes at work with possibly lower income in the future, maybe dropping my FTE status, health problems - and as a result I am looking at saving 'only' 20% of our gross income going forward. Up until now, we have saved 40%ish of gross. If I plug the follo...
by gasman
Tue May 03, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: I Bond rates for May 1 announced
Replies: 65
Views: 10479

Re: I Bond rates for May 1 announced

I suspect that the amount of I bonds and EE bonds issued as a percentage of public debt is tiny. It wouldn't surprise me if the savings bond program (with current limits) is more of a PR move to benefit small savers as opposed to a serious way of financing the public debt.
by gasman
Mon May 02, 2016 4:50 pm
Forum: Investing - Theory, News & General
Topic: Minimizing equities until a bear market if you already have enough
Replies: 22
Views: 2226

Re: Minimizing equities until a bear market if you already have enough

To quote Dr. Bernstein, "why keep playing when you have won the game?' To quote Warren Buffet on LTCM, "To make the money they didn’t have and they didn’t need, they risked what they did have and did need–that’s foolish, that’s just plain foolish". It also applies to a soon to be reti...
by gasman
Mon Apr 25, 2016 6:49 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth on why bond funds are better than individual bonds
Replies: 63
Views: 5881

Re: Allan Roth on why bond funds are better than individual bonds

Does anybody on this board use VBS to manage a portfolio of individual municipal bonds?
by gasman
Tue Mar 22, 2016 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: 457(b) Deferred Compensation distributions pain
Replies: 7
Views: 742

Re: 457(b) Deferred Compensation distributions pain

Maybe stop contributing?
Review distribution options
by gasman
Sun Mar 13, 2016 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Are CDs Becoming A Worse Investment?
Replies: 40
Views: 4915

Re: Are CDs Becoming A Worse Investment?

The spread from CDs to treasuries has shrunk over the last several months. Within the past year there was about a 90 bp spread between 10 year treasurys and 10 year CDs. maybe 70bp on 5 year treasuries to CDs. Those spreads have come down. My understanding that this was on the high side of historica...
by gasman
Wed Mar 09, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 5334

Re: Advice for physician asking for a raise

A key question is how replaceable are you? What is the supply of your specialty in your area?
by gasman
Thu Jan 21, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Are college costs really expected to go up in the future?
Replies: 19
Views: 1342

Re: Are college costs really expected to go up in the future?

I think that the "sticker price" of tuition will continue to increase. I also think that an ever shrinking percentage of students will pay full sticker.
by gasman
Sat Jan 09, 2016 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Spread for odd lots - rebalancing
Replies: 8
Views: 757

Re: Muni Spread for odd lots - rebalancing

No idea with regards to your original question, as you are obviously aware spreads on odd lot munis can be bad for individual investors, particularly during crises. It MIGHT be worthwhile to consider tapping a home equity credit line or a margin loan for the 12-24 months depending on the bid-ask. If...
by gasman
Sat Jan 02, 2016 12:10 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Bond Barbell - why not more popular?
Replies: 26
Views: 4678

Re: Boglehead Bond Barbell - why not more popular?

Bond barbells tend to be popular when long-term rates are high - not in a period like we are experiencing. WARNING THIS IS RESTARTING AN OLD THREAD As something of a less than perfectly informed investor in bonds, have slowly realised that our present holdings have accidentally become what could be...
by gasman
Sun Dec 27, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: 5%&up return and 0 risk tolerance, are there options?
Replies: 65
Views: 3852

Re: 5%&up return and 0 risk tolerance, are there options?

30 year treasures if held to maturity get you to 3% or so. Of course their is inflation risk.
by gasman
Sat Nov 21, 2015 1:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 153
Views: 24006

Re: Vanguard Partnering with Yodlee

Can't seem to add treasury direct accounts. Anyone else having the same problem or have a solution?
by gasman
Mon Nov 16, 2015 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Why shouldn't I build a 7-10 year brokered CD ladder as my "bond" allocation?
Replies: 19
Views: 2264

Re: Why shouldn't I build a 7-10 year brokered CD ladder as my "bond" allocation?

"Why shouldn't I build a 7-10 year brokered CD ladder as my "bond" allocation?" No reason at all. I have done the same with about 25% of my fixed income. Agree with the above posters. Don't consider this money for rebalancing or cashing out for any other purpose. Your are being p...
by gasman
Wed Nov 11, 2015 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Question regarding helping son with graduate school loan debt
Replies: 42
Views: 3173

Re: Question regarding helping son with graduate school loan debt

good behavior should be rewarded. It sounds like your son is now making good choices. If you can afford to, I would help him out. Let him know that your help is a response to his current good behavior. Agree that you should be mentally prepared to consider this a "gift" if he becomes unabl...
by gasman
Sat Nov 07, 2015 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: New Savings Bond Rates
Replies: 3
Views: 542

Re: New Savings Bond Rates

It is very possible that holding the ee bonds till you hit the doubling point is likely to provide a better return. Even deploying new money today today, a compelling case can be made that ee bonds will outperform ibonds if you can hold a full twenty years
by gasman
Mon Nov 02, 2015 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Dimensional Fund Advisors
Replies: 9
Views: 1104

Re: Dimensional Fund Advisors

The OP described his nest egg in British Pounds. It is certainly possible that UK residents have fewer decent options for low cost investing due to local regulations and marketplace issues.
by gasman
Mon Nov 02, 2015 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: I-Savings Bonds
Replies: 53
Views: 7773

Re: I-Savings Bonds

If you purchase I bonds with your tax refund, do you get the rate for the day they issue the refund, which might be months later and is outside your control, or do you get the rate for the day you filed? The day they issue the refund. Mine were of course issued after May 1, despite filling in early...
by gasman
Wed Oct 14, 2015 9:17 am
Forum: Investing - Theory, News & General
Topic: Safe Investment Options
Replies: 50
Views: 5288

Re: Safe Investment Options

What do you recommend, though? We know there's no such thing as perfection and perfect elimination of all risk, so it's about what's the best available option(s). How do you feel about 20% in physical gold the way "legendary paper stock" guru Cramer does, for instance? (See this thread: h...
by gasman
Tue Oct 06, 2015 12:05 pm
Forum: Investing - Theory, News & General
Topic: Safe Investment Options
Replies: 50
Views: 5288

Re: Safe Investment Options

The price of safety is extremely high these days. None of those safe options protects you from unanticipated inflation.
by gasman
Sun Sep 20, 2015 10:50 am
Forum: Personal Consumer Issues
Topic: Working 23 yo Son Medical Insurance Ours/His/Both ?
Replies: 41
Views: 2220

Re: Working 23 yo Son Medical Insurance Ours/His/Both ?

Another issue is the parent's health insurance only good in a local network that has minimal/zero options where the adult child is living. The adult child may have serious limitations where they are living and be forced to travel to receive nonemergency health care.
by gasman
Wed Aug 26, 2015 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Asset location: expected earning vs. tax efficiency
Replies: 14
Views: 1527

Re: Asset location: expected earning vs. tax efficiency

In doing the calculation of bonds in taxable vs ta deferred, I have never seen anyone put any value of tax loss harvesting equities in taxable. Doesn't this ignore a significant tax cost of bonds in taxable?
by gasman
Fri Aug 07, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Strategies for Upper Middle Class
Replies: 11
Views: 1814

Re: Life Insurance Strategies for Upper Middle Class

This is a spin off of the current "uber wealthy" thread. I'm wondering if there are practical life insurance strategies for estate, tax and investment planning that make sense for affluent but not "uber wealthy" Bogleheads. My take is that once the true need to protect a young f...
by gasman
Thu Aug 06, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 284
Views: 27482

Re: College Admission Time, What parents need to be aware and how to be helpful

I recently went through the college admission process for my kids. You cannot underestimate how competitive the top schools have become. National Merit Scholars with perfect grades get turned down all the time from the Ivies + Stanford, UChicago, MIT, et al. There are more than 10,000 high schools i...
by gasman
Thu Jul 02, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: How Much Muni Is Too Much Muni?
Replies: 15
Views: 1876

Re: How Much Muni Is Too Much Muni?

Not sure I understand the concern over muni risk, with the obvious exceptions of individual holdings in such places as Puerto Rico or Detroit. However, if one holds a highly diversified muni fund, the risk has been historically tiny. I00 percent of my bond holdings in my taxable account are in muni...
by gasman
Sun Jun 28, 2015 5:45 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 237
Views: 29381

Re: Greece impact on US markets Monday morning

So "stay-the-course" suggests that you all will be buying equities in rebalancing moves as needed, right? Yes. Close to a rebalancing band now. Probably hit it tomorrow. Doesn't mean that I will do it happily or gladly. But I will do it. During the global financial crisis, I was very dysp...
by gasman
Tue May 26, 2015 10:21 am
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 121
Views: 8876

Re: Once in a life time trip.

I think that 8 yo is too young to appreciate the trip of a lifetime (unless the trip of a lifetime is for you). They will tire easily and not be able to appreciate local cuisine what they are experiencing. If the trip is for them do Orlando. If it is for you, they will be happy as long as the food i...
by gasman
Sun May 17, 2015 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Divorce and Marriage
Replies: 21
Views: 3231

Re: Divorce and Marriage

2comma wrote:The best quote I ever found is that "men marry a girl and hope she stays the way she is forever and women marry a man and hope they can mold him into the man of her dreams".

!


You forgot the second half of the quote. The woman changes and the man doesn't. :happy
by gasman
Sun May 03, 2015 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Who uses non gov 457b and why?
Replies: 29
Views: 2325

Re: Who uses non gov 457b and why?

I use one. employed by hospital. The hospital system has dozens of LLC's under its umbrella. The one that has the 457 is under the safest one. It covers the administrators too, so I figure that they would care more about their own savings than a bunch of doctor employees.
by gasman
Tue Apr 28, 2015 11:41 am
Forum: Personal Consumer Issues
Topic: Need tips on taking HS student on college tour
Replies: 34
Views: 2518

Re: Need tips on taking HS student on college tour

Agree with take three's post above. The basic 60 -90 minute tour is a sales pitch coupled with an architectural tour. I would avoid visiting while schools are on break. You don't get the same feel for what the students are like.
by gasman
Wed Apr 22, 2015 7:53 pm
Forum: Personal Consumer Issues
Topic: Physicians: What's your vacation policy?
Replies: 28
Views: 4684

Re: Physicians: What's your vacation policy?

8 weeks. No personal days or sick days unless on short term disability. Can carry over up to 10 days to following year. Can also "borrow" up to 10 days that haven't yet been "earned" They will hold final paycheck if overdrawn on vacation.
by gasman
Tue Apr 07, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 23753

Re: Cost of College & Weighing the Merits of Top Schools

I paid full freight for both kids at name brand schools. No regrets. Being surrounded by bright, ambitious kids can be a powerful motivator. Also a college degree is more than a ticket to a career or a paycheck. The educational opportunity differences at a Penn vs a Penn State can't be easily quanti...
by gasman
Fri Mar 27, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Physician tail coverage
Replies: 20
Views: 3086

Re: Physician tail coverage

The rule of thumb for the cost of a tail is 150-250% of the last year's premium.
by gasman
Fri Mar 20, 2015 12:22 pm
Forum: Investing - Theory, News & General
Topic: I Bonds - now or later in the year?
Replies: 44
Views: 6502

Re: IBonds - now or later in the year?

If new I Bonds were paying 3% + inflation, as they did a decade or more ago, I would agree with those who advocate just buying each year's quota early in the year without fussing over a possible change of a few tenths of a percent. But the fixed rate portion is zero now, so I see no harm in waiting...
by gasman
Wed Mar 18, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Underpriced house recently sold
Replies: 13
Views: 1884

Re: Underpriced house recently sold

maybe a friendly sale to a relative.

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