Search found 6386 matches

by jeffyscott
Sat Sep 10, 2016 8:07 am
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 104
Views: 12178

Re: Re:

let's assume a frugal BH in the accumulating phase who observes that everything is under control how do you suggest she determines the budget (discretionary+essential) she'll need in retirement? I take current spending (or income) and adjust for things that will change significantly and for unusual...
by jeffyscott
Sun Jul 31, 2016 2:11 pm
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 6520

Re: New Tipping Practice?

My impression is that younger people (under 30) always pay with a CC, and usually tip at these walk-up counter places. I could be mistaken, but this is what I have observed. Perhaps this is in solidarity and with acknowledgment that wages for these jobs just aren't cutting it. I'm twenty two, and w...
by jeffyscott
Sun Jul 31, 2016 9:26 am
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 6520

Re: New Tipping Practice?

I lived in Europe and Asia for many years, where tipping is not a practice. I am totally against tipping and my wife and I find it so aggravating, that we hardly ever eat out. Just returned from three weeks in Italy, excellent service and no tips expected The difference is that in the rest of the c...
by jeffyscott
Sun Jul 31, 2016 6:55 am
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 6520

Re: New Tipping Practice?

I would like those who want to own and run a business to decide what their employees should be paid (subject to a reasonable minimum wage for all workers) and what the price of their product should be in order to cover those wages. I don't want to do it and I don't have sufficient information to do ...
by jeffyscott
Sat Jul 30, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Insure Home for less than replacement value
Replies: 15
Views: 956

Re: Insure Home for less than replacement value

The best thing to do is take advantage of various guaranteed RC benefits, such as 20% more than your building coverage amount. Companies require you to adhere to their value estimate to get this coverage, but you should negotiate the coverage down as much as possible on which the premium is based, ...
by jeffyscott
Sat Jul 30, 2016 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1079

Re: Actual SWR when considering mortgage principal payments

I would just subtract the balance of the mortgage from your assets, as if you had paid off the mortgage. For example $1 million portfolio, $200,000 mortgage = $800,000 net assets available to fund retirement, thus assuming a 4% SWR means you can spend $32,000 per year (while not counting mortgage pa...
by jeffyscott
Sun Jul 17, 2016 11:08 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

Even though I am close to 30/70, I don't believe that everyone who thinks that a 75% decline is an event that could happen should base their allocations on being able to rebalance into such a decline. Nor do I believe that 30/70 would be appropriate for someone who fears that -75% could occur, but ...
by jeffyscott
Sun Jul 17, 2016 9:05 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

If the investor is afraid that stocks could still drop another 50%, this means that he should have anticipated a possibility of stocks losing 75% of their value before the downturn and set his asset allocation appropriately . Maybe you just worded that poorly, but whether one is afraid of it or not...
by jeffyscott
Sun Jul 17, 2016 6:15 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

In any case, we now have assets far beyond our needs and wants and any conflict would be between ability and willingness to take risk. Our need to take risk is essentially now 0. :moneybag I am in a similar situation (although I won't use the term far beyond just yet), our retirement is assured unl...
by jeffyscott
Sat Jul 16, 2016 10:27 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I read recently that with dividends and deflation, in real terms 1929 investors actually became whole again in 1938. Also, that the longest period of stocks remaining underwater was a dozen years or so that included the big bad bears and inflation of the 1970s. When you are retired and living off y...
by jeffyscott
Fri Jul 15, 2016 7:50 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I'm fully aware of the financial disaster that was the Great Depression. I just choose to assume (using Klango's term) that it will not happen again during my investing lifetime. If others wish to insure against it by placing ridiculously high allocations in "safe" investments, then more ...
by jeffyscott
Fri Jul 15, 2016 7:23 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

The Damodaran data I linked to shows total return for S&P down 35% at the end of 1941 compared to end of 1928. Only annual returns are provided, so don't know about intra-year returns. Shiller has monthly data. In 1929 the decline was about 1/3 in the last quarter of the year. So instead of the...
by jeffyscott
Thu Jul 14, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

Yes, I'm sure everything was just fine from 1929 on, if one could just find a different stock index history.

Aha, there it is a mere 86% decline, not 89% like that lying dow index had.
http://www.nbcnews.com/id/37740147/ns/b ... 4frIuhOlDs
by jeffyscott
Thu Jul 14, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I don't believe that even a severe recession occurring during a period of extreme inefficiency in the market (i.e. irrational exuberance) could result in a 50% drop lasting 10 years. I'm sure folks in 1929 didn't believe that what did happen could happen either. DJIA decline of about 89%, recovery ...
by jeffyscott
Tue Jul 12, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I disagree. We were at 50/50, the decline in stocks was far more than 40% and who's to say it might not have gone to -80%. As it happened we remained at 50/50, but I was not about to ruin my retirement plans to satisfy some sort of asset allocation purity test by continuing to buy into a declining ...
by jeffyscott
Mon Jul 11, 2016 7:09 pm
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

Your solution is to a problem that you created yourself by having your AA to high. Try this: Start with an AA you are comfortable with say 50/50 and make a guess as to the maximum equity bear - say that's 40%. I disagree. We were at 50/50, the decline in stocks was far more than 40% and who's to sa...
by jeffyscott
Mon Jul 11, 2016 4:27 pm
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 8017

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

This is a bit like a "2-bucket" approach. I am using a modified 2-bucket because I will be self-funding my retirement from age 62 to (at least) 66.5. A bad sequence-of-returns during those years could really destroy my portfolio. I will be setting aside a year in cash, 2 years in ST bonds...
by jeffyscott
Sun Jul 10, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Would I be crazy to consider buying a used TDI? [Volkswagen Jetta diesel]
Replies: 16
Views: 1803

Re: Would I be crazy to consider buying a used TDI?

Yes, no rust on my wife's 11 year old Jetta, while my Mazda6 had it's first rust spot before it was 9 years old. Since we put few miles on, how the body holds up is important, as it'll probably be 20 years old before hitting 100,000 miles. We take it to a shop and give them money, so could not care ...
by jeffyscott
Sun Jul 10, 2016 12:44 pm
Forum: Personal Consumer Issues
Topic: Would I be crazy to consider buying a used TDI? [Volkswagen Jetta diesel]
Replies: 16
Views: 1803

Re: Would I be crazy to consider buying a used TDI?

In what way are VWs "a pain to maintenance"? Or did you just mean a pain for the DIYer? We've had ours for 11 years, maintenance needed has been about the same as any other car would need over 11 years and about 70,000 miles. Only one repair post warranty, a purge valve and new gas cap for...
by jeffyscott
Sun Jul 10, 2016 9:38 am
Forum: Personal Consumer Issues
Topic: Simpliest Maintenance Single Family Home (AZ)
Replies: 24
Views: 2330

Re: Simpliest Maintenance Single Family Home (AZ)

Just a thought----there is a BIG difference between landscaping and home maintenance issues in southern Arizona (say Tucson) than there is in, for example, in northern Arizona (say Flag)................ The difference is mainly altitude not latitude, though. Flagstaff being 6000 feet higher is what...
by jeffyscott
Sun Jul 10, 2016 7:58 am
Forum: Personal Consumer Issues
Topic: Would I be crazy to consider buying a used TDI? [Volkswagen Jetta diesel]
Replies: 16
Views: 1803

Re: Would I be crazy to consider buying a used TDI?

My biggest fear is potential reliability concerns. IMO, while reliability differences may be real the significance of them is blown way out of proportion to reality by most buyers. The net result being that people overpay for incrementally better reliability. To me both new and used Hondas and Toyo...
by jeffyscott
Sun Jul 10, 2016 7:30 am
Forum: Personal Consumer Issues
Topic: Car financing choice.
Replies: 11
Views: 1128

Re: Car financing choice.

This makes the 0% interest not free. Effectively, you are borrowing $35,000 and your payments total $37,500, which is about a 4.5% interest rate, and that is no longer a good deal. I do NOT agree with your calculation of 4.5% equivalent rate. I believe it is about 2.5% It's 2.75%. $37,500 divided b...
by jeffyscott
Sun Jul 10, 2016 6:58 am
Forum: Investing - Theory, News & General
Topic: VIPSX in a Diversified Portfolio [Vanguard Inflation-Protected Securities]
Replies: 18
Views: 1720

Re: VIPSX in a Diversified Portfolio

I'd take I-bonds at the current 0% real over VIPSX (or 10 year TIPS) at the current negative real yield.
by jeffyscott
Sun Jul 10, 2016 6:48 am
Forum: Investing - Theory, News & General
Topic: Long term bond funds
Replies: 26
Views: 2440

Re: Long term bond funds

About 10%. I'm concerned about lots of things, probably #1 on my list would be high US stock prices. I've got more than 2x as much in US stocks than in long term bonds. I was concerned about possible rising rates 3 years ago, too and look what's happened since. That's not to say that at 3.5% yield ...
by jeffyscott
Sat Jul 09, 2016 7:17 pm
Forum: Investing - Theory, News & General
Topic: Long term bond funds
Replies: 26
Views: 2440

Re: Long term bond funds

About 10%. I'm concerned about lots of things, probably #1 on my list would be high US stock prices. I've got more than 2x as much in US stocks than in long term bonds. I was concerned about possible rising rates 3 years ago, too and look what's happened since. That's not to say that at 3.5% yield l...
by jeffyscott
Sat Jul 09, 2016 3:20 pm
Forum: Investing - Theory, News & General
Topic: Long term bond funds
Replies: 26
Views: 2440

Re: Long term bond funds

I think it is just fine to invest some long term money in long term bonds. VWETX has been our best performing fund over the past 3 years and it's returns have beaten stocks over the past 10 years.
by jeffyscott
Sat Jul 09, 2016 2:57 pm
Forum: Personal Consumer Issues
Topic: Simpliest Maintenance Single Family Home (AZ)
Replies: 24
Views: 2330

Re: Simpliest Maintenance Single Family Home (AZ)

I want to say one word to you. Just one word....Plastics. When we had our house built we wanted a low cost maintenance-free exterior, not fashionable materials. We have vinyl siding, vinyl frame windows, aluminum soffit. fascia and gutters. We have had to do no exterior painting for nearly 20 years,...
by jeffyscott
Sat Jul 09, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 194
Views: 32074

Re: Liking the new Citi CC at Costco

HueyLD wrote:
jeffyscott wrote:So good for domestic travel, but worth keeping the no fee arrival (non-plus) for international.

What is a no fee arrival?


http://www.findmybarclaycard.com/barcla ... val-travel
by jeffyscott
Sat Jul 09, 2016 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 194
Views: 32074

Re: Liking the new Citi CC at Costco

GloballyYours wrote:One other comment on the Costco Citi card. I want to use it for travel, but I notice it has a 3% foreign transaction fee. And while the card is chipped, it does not use a pin. Nothing is perfect.


So good for domestic travel, but worth keeping the no fee arrival (non-plus) for international.
by jeffyscott
Fri Jul 08, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 194
Views: 32074

Re: Liking the new Citi CC at Costco

The statement about spouses purchases not counting is incorrect. purchases made by the primary and primary household cardholder on the account will apply toward the Reward http://www.costco.com/executive-rewards.html With the business version, if you have "affiliate" cardholders their purc...
by jeffyscott
Wed Jul 06, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Costco and Chase Freedom Visa 5%
Replies: 23
Views: 3522

Re: Costco and Chase Freedom Visa 5%

If i buy tires at costco using chase, do i get the 5%? Since costco citi card separates gas purchases (4%) and in store purchases (2%), I dont know how chase treats them and the tire purchases. I bought tires online, as there was an extra online only rebate, they earned 5% on chase freedom. I'd be ...
by jeffyscott
Wed Jul 06, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Please help! Buyer's remorse, need advice
Replies: 104
Views: 10947

Re: Please help! Buyer's remorse, need advice

I was just trying to understand the thought process of selling one jacked-up truck for another, and vigorously advocating your new purchase, given your earlier stated preference for a mid-size sedan. You're not alone. A week ago this dude, who just bought his second new jacked up pickup within a fe...
by jeffyscott
Tue Jul 05, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Visa and Costco?
Replies: 17
Views: 4552

Re: Chase Freedom Visa and Costco?

Also Wholesale club gas purchases don't count towards the 5% bonus. No annual fee for this card though, so IMO it's worth getting for when the 5% bonus is active. The workaround for this is to get a Costco cash card at the register and use that for gas. Next quarters categories are warehouse clubs ...
by jeffyscott
Mon Jul 04, 2016 7:26 am
Forum: Personal Consumer Issues
Topic: Specifying type of room at cheap national chains?
Replies: 29
Views: 2166

Re: Specifying type of room at cheap national chains?

To mention one: we are starting to avoid king-sized beds because many low-end chains have king-sized beds but, it seems, do not have sheets and blankets that fit them and come only about 3/4 of the way up the bed. Really? We have never experienced that. We don't travel all that much, but always tak...
by jeffyscott
Mon Jul 04, 2016 7:12 am
Forum: Personal Consumer Issues
Topic: My Excel is 9 yrs old(2007). Update??
Replies: 28
Views: 2057

Re: My Excel is 9 yrs old(2007). Update??

It's Google Docs and Libre Office for me, why pay when these are free?

Since support and security updates will be ending, that seems like a good reason for anyone using that old MS office software to transition to the free options.
by jeffyscott
Sat Jul 02, 2016 7:37 am
Forum: Investing - Theory, News & General
Topic: Bonds good, Bond funds Bad, Suze Orman on CNBC
Replies: 53
Views: 19201

Re: Bonds good, Bond funds Bad, Suze Orman on CNBC

It's interesting to see these old discussions from time to time. For the bond fund investor these 8+ years have worked out just fine. Yes, there were some times when bond funds declined in value but they quickly recovered. For example, based on growth of $10,000 chart at m*, VBMFX had about a 5% dec...
by jeffyscott
Fri Jul 01, 2016 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 83
Views: 10069

Re: How to get a real Chip and Pin card?

Regarding #4, once all the new chip card readers are actually functioning, why wouldn't PIN only work? #3 does give greater security as signature would (or should) only work if a merchant has not upgraded their equipment. I would assume the set up would be PIN required unless merchant is unable to a...
by jeffyscott
Thu Jun 30, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10590

Re: For those that "buy" during stock market downturns...

Doc - Seems like you're just talking about frequent rebalancing. I do this with a portion of my portfolio via things like Wellington fund.
by jeffyscott
Thu Jun 30, 2016 11:14 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10590

Re: For those that "buy" during stock market downturns...

While I make allocation changes based on valuations, I also do not understand the appeal of basing decisions on one day's results. If the market is up 5% on Monday and then drops 3% on Tuesday, why would I buy then? What market are you talking about? If the equity market goes up by 5% and you have ...
by jeffyscott
Thu Jun 30, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 83
Views: 10069

Re: How to get a real Chip and Pin card?

Foolish decision = signature, instead of PIN
by jeffyscott
Thu Jun 30, 2016 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Accounts with balances and different interest rates
Replies: 9
Views: 475

Re: Credit Card Accounts with balances and different interest rates

I would guess that she also has no "grace period" on the card because she carries a balance. This means that she is paying interest on all new purchases from the day of the purchase. She could lower her interest payments if she used a different card for current purchase and paid that off ...
by jeffyscott
Thu Jun 30, 2016 7:35 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10590

Re: For those that "buy" during stock market downturns...

I, personally, have never understood the appeal of the RBD strategy on this board, which eschews all other forms of market timing. While I make allocation changes based on valuations, I also do not understand the appeal of basing decisions on one day's results. If the market is up 5% on Monday and ...
by jeffyscott
Wed Jun 29, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10590

Re: For those that "buy" during stock market downturns...

Honestly, though, why should anyone pray for their funds, in which they might have invested a large portion of the net worth, to decrease? Who enjoys a decrease in net worth? It's madness. I personally pray that the price will simply increase every day... that's better than dropping in the short te...
by jeffyscott
Wed Jun 29, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 83
Views: 10069

Re: How to get a real Chip and Pin card?

Fraud is everyone's problem - those costs are passed onto customers eventually. Fine, but I'm not going to use a "real" chip and pin card if it means getting lower or no rebates. I want all cards to be chip and pin, no signature option at all, but until I control all the banks there's not...
by jeffyscott
Wed Jun 29, 2016 9:15 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10590

Re: For those that "buy" during stock market downturns...

I change my allocation based on valuations. So usually a 15%+ drop is needed to make a change. Bonds floor :20%(Glide with age -20) stocks floor:40%- 25% US+ 15% international(same as above) So that's 60%. Other 40% will vary based on valuation. I do something similar, stocks floor a bit lower at 3...
by jeffyscott
Wed Jun 29, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Please help! Buyer's remorse, need advice
Replies: 104
Views: 10947

Re: Please help! Buyer's remorse, need advice

- Pay off truck in 5-6 months after s. Loan and keep new truck? - Drive 6 months and pay off, then sell and buy car? - Sell now and take big loss and only have 14-15k towards next car? You seem to think there is a difference between the second two, I don't see it. If you are going to get rid of the...
by jeffyscott
Wed Jun 29, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: low rate credit cards
Replies: 9
Views: 620

Re: low rate credit cards

I often get balance transfer checks from my existing credit cards offering 0% interest. Some recent ones offered 18 months with a fee of 3% or 15 months with a fee of 1%. If they get offers like this, maybe they could get a 0% promotional rate just by transferring between existing cards. May need to...
by jeffyscott
Tue Jun 28, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 83
Views: 10069

Re: How to get a real Chip and Pin card?

Fraud is the card issuer's problem, not mine.

While I'd prefer PIN to the usless and annoying signature, at least Arrival works when PIN is required.

I do wish the banks would at least allow their customers to choose whether to have a PIN or signature.
by jeffyscott
Tue Jun 28, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10590

Re: For those that "buy" during stock market downturns...

Another method I use is owning some balanced funds.

Anyone using the simplest of all asset allocation methods, owning a target retirement or life strategy fund, is buying and selling stocks on a daily basis to counter market moves.
by jeffyscott
Tue Jun 28, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Buyer's remorse, need advice
Replies: 104
Views: 10947

Re: Please help! Buyer's remorse, need advice

I appreciate all who have read and have helped comment. Well, many people here love the trucks with bigger tires and wheels, so that might do well privately. As far as trade, best I've been offered is 30k, no thanks. Just got approved now with credit union to refi and they waived the $70 processing...

Go to advanced search