Search found 152 matches

by jrbdmb
Mon Apr 24, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 293
Views: 46567

Re: Bank of America/Merrill Edge - Preferred Rewards

In a phone call with BoA today, I was told that the accounts do need to be open for three months in order to calculate the 3 month average daily balance. So either the rules have been changed or my rep was misinformed. It is also possible that my ME funds do not count yet towards my balance because...
by jrbdmb
Mon Apr 24, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 123
Views: 11417

Re: Any regrets living a frugal life for high income/high networth individuals?

Spending all my money by death is not a goal. Accumulating more money throughout life is a goal. I would argue that spending all of your money on "stuff" before you die is an empty goal, but saving as much as possible just for the sake of saving as much as possible can also be an empty go...
by jrbdmb
Tue Apr 18, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?
Replies: 86
Views: 5932

Re: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?

You said you were still working. Are you maxing out all available retirement plan options? If not, your first priority quite likely should be to move as much of this money into tax advantaged plans as possible. The easiest move to understand would be make an IRA contribution. The second step is to ...
by jrbdmb
Wed Apr 12, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 293
Views: 46567

Re: Bank of America/Merrill Edge - Preferred Rewards

Datapoints: We got Preferred status about two days after opening checking accounts, and it was about 1.5 months after opening/funding brokerage accounts. In other words, neither account needs to be open for 3 months. The checking accounts instantly fills one of the necessary conditions. And for the...
by jrbdmb
Wed Apr 12, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz
Replies: 13
Views: 1675

Re: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz

There is also a US-based mutual fund (AMREX) that supposedly is based on the marijuana industry. I'll leave it to the reader to decide whether the 5.75% front end load and 8.94% expense ratio (no, that is not a misprint) is appropriate for their portfolio.
by jrbdmb
Tue Apr 11, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: SEC yield vs. distribution yield - Vanguard muni funds / ETFs
Replies: 3
Views: 369

Re: SEC yield vs. distribution yield - Vanguard muni funds / ETFs

Thanks. i also learned a bit from this thread: https://www.bogleheads.org/forum/viewtopic.php?t=40750 The current yields seem to imply that VTEB has more below par bonds, which are paying less dividends right now but will increase in value as the bonds mature. In contrast, VWIUX has more above par b...
by jrbdmb
Tue Apr 11, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: SEC yield vs. distribution yield - Vanguard muni funds / ETFs
Replies: 3
Views: 369

SEC yield vs. distribution yield - Vanguard muni funds / ETFs

I am hoping for an explanation about how the quoted SEC Yield can be much different from the distribution yields for Vanguard bond funds. Specifically I am looking at VTEB (Vanguard Tax-Exempt Bond ETF) and VWIUX (Vanguard Interm-Term Tx-Ex Adm). VTEB: SEC Yield 2.24%. Actual distribution of $0.0770...
by jrbdmb
Mon Apr 10, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 4901

Re: Choosing to put less than 20% down...why is this wrong?

Why is this wrong? Capital preservation seems like the conservative play given macro uncertainty. When isn't there macro uncertainty? :) It seems like both options you present (lower downpayment + PMI, higher downplayment + drained EF) are sub-optimal. Is there some reason that the home purchase ha...
by jrbdmb
Mon Apr 10, 2017 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 293
Views: 46567

Re: Bank of America/Merrill Edge - Preferred Rewards

Datapoints: We got Preferred status about two days after opening checking accounts, and it was about 1.5 months after opening/funding brokerage accounts. In other words, neither account needs to be open for 3 months. The checking accounts instantly fills one of the necessary conditions. And for the...
by jrbdmb
Wed Apr 05, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Apple breaks its silence
Replies: 24
Views: 4390

Re: Apple breaks its silence

They might even acknowledge the existence of customers who are more interested in getting some work done than in having a beautiful work of art to put on their--but hey, who am I kidding? The Chomsky thing will happen first. Do you make this type of remark to car enthusiasts? Most car enthusiasts a...
by jrbdmb
Wed Apr 05, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Where to buy new iPhone
Replies: 32
Views: 2502

Re: Where to buy new iPhone

You can get really good deals on ebay. We save a lot of money by going prepaid with verizon and buying our phones on ebay. I recently bought two iPhone 5s, one of them brand new and the other one used but in perfect condition. Be very careful with eBay - I've been sold fake goods on there before......
by jrbdmb
Wed Apr 05, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Where to buy new iPhone
Replies: 32
Views: 2502

Re: Where to buy new iPhone

Apple store. It's unlocked and if there's any type of recall or improvements they'll fix it (think iPhone 6s battery). If you get it from a carrier they won't. The warranty is not at all dependent on where you purchase your iPhone and any replacement program will be valid as well. The only issue is...
by jrbdmb
Sat Mar 18, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Guidelines for when to get a new credit card?
Replies: 16
Views: 1283

Re: Guidelines for when to get a new credit card?

II don't play in the credit card game--I just say "No". ---A little bit of free money is a lot of work, and not worth all the clutter and distraction in my financial life, which I try to keep simple! ---The credit card incentives are basically giving a subliminal message that spending mon...
by jrbdmb
Thu Mar 16, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Norman Rockwell Plates.....who to go to
Replies: 33
Views: 2625

Re: Norman Rockwell Plates.....who to go to

I think that inherited "real" china / stemware / crystal is fine - it can be used on occasion and does look nice. But there must be a special place in Heck for those companies trying to pawn off these mass-produced "limited edition collectors items" - the same schlock you see paw...
by jrbdmb
Wed Mar 15, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10014

Re: $464.12 dinner bill last night. No regrets.

Adding to the "great story" responses.

My wife and I have occasionally been around the $100/person restaurant tab, and most times we would agree it was worth every penny. Then we''ll spend $5 each for takeout from McDonald's and wonder what the heck we were thinking. :-?
by jrbdmb
Tue Mar 14, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)
Replies: 7
Views: 719

Re: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)

TFI seems like a reasonable muni ETF choice, just that in my case I'm looking for intermediate or shorter duration, while TFI is pushing into long term (7.1 years duration).
by jrbdmb
Tue Mar 14, 2017 6:25 am
Forum: Investing - Theory, News & General
Topic: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)
Replies: 7
Views: 719

Re: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)

BTW, anything bad about PIMCO MUNI other than it's higher expenses? I thought this might be an possible fund to use for TLH (if needed). Good news is that it does not appeared to be like the closed end / leveraged PIMCO muni funds that had issues in 2008. Bad news it is actively managed (not tied to...
by jrbdmb
Sun Mar 12, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: BND vs BIV [Vanguard Intermediate-Term vs. Total Bond]
Replies: 18
Views: 5708

Re: BND vs BIV

One other thing not mentioned so far (in this very old thread :mrgreen: ) - Intermediate Bond has significantly more BBB rated bonds than Total Bond (25.3% vs. 15.1% as I write this). Sure, they're all still investment grade, but should having a quarter of BIV in what I might call "medium"...
by jrbdmb
Sat Mar 11, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Buying MUNIs, wait until Fed decides interest rates?
Replies: 10
Views: 1117

Re: Buying MUNIs, wait until Fed decides interest rates?

Unless you know something the other participants in the bond market don't, or can analyze and / or act on the information better or faster, you have no advantage over them from having heard the Fed might increase the Federal Funds Rate target next week. The OP does know something that the other par...
by jrbdmb
Sat Mar 11, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: Which Vanguard Tax-Exempt fund?
Replies: 22
Views: 2278

Re: Which Vanguard Tax-Exempt fund?

The duration of the LT fund is also lower than I would have expected. Do the duration of these funds tend to change over time?
by jrbdmb
Sat Mar 11, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)
Replies: 7
Views: 719

Re: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)

It does look like putting a percentage into SHM to reduce overall volatility makes sense, thanks.
by jrbdmb
Sat Mar 11, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)
Replies: 7
Views: 719

Alternatives to VTEB (Vanguard Tax-Exempt Bond ETF)

I've just opened an account at Merrill Edge, and planned to put most of my new funds there into an intermediate term muni bond ETF. I guess Vanguard Tax-Exempt Bond ETF (VTEB) was my first choice, but not perfect, as I'd prefer to keep my duration at a max of 5 years and VTEB is around 5.8 years. Bu...
by jrbdmb
Sat Mar 11, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: Which Vanguard Tax-Exempt fund?
Replies: 22
Views: 2278

Re: Which Vanguard Tax-Exempt fund?

The only reason VTEB (Tax-Exempt Bond Index) is less expensive is that you do not yet have Admiral shares; its cost is the same as the Admiral shares of Vanguard's other muni funds. By the time that 0.08% difference is significant, you'll probably have enough to make Admiral. Vanguard's the active ...
by jrbdmb
Thu Mar 09, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 63
Views: 4970

Re: Fidelity drops equity trade fee to $4.95

As noted above, I had been using $25,000 in BofA savings (earning 0.03% interest - :| ) to qualify for free trades, but due to this thread I decided to look and see if I could use the Preferred Rewards instead. I realized I have a Roth IRA that just hit $50,000, so I am transferring that to Merrill...
by jrbdmb
Tue Mar 07, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 63
Views: 4970

Re: Fidelity drops equity trade fee to $4.95

As noted above, I had been using $25,000 in BofA savings (earning 0.03% interest - :| ) to qualify for free trades, but due to this thread I decided to look and see if I could use the Preferred Rewards instead. I realized I have a Roth IRA that just hit $50,000, so I am transferring that to Merrill ...
by jrbdmb
Fri Mar 03, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 4129

Re: Family Hounding me to Purchase SUV or Minivan

We bought a Chevrolet Tahoe when our kids were young. Neither of us wanted the stigma of a mini van. The Tahoe worked out well for us. :confused There is a stigma when parents drive a minivan? You must be hopelessly out of touch. Even soccer moms have switched to SUVs to avoid the shame and embarra...
by jrbdmb
Thu Mar 02, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: What degree of stock market decline would tempt you to deviate from your AA?
Replies: 87
Views: 5942

Re: What degree of stock market decline would tempt you to deviate from your AA?

I didn't fully rebalance during 2008-2009. I DID change my 401k contributions to 100% stock. It was fairly easy using NEW money to buy stocks as they dropped in value. But I only rebalanced my existing money once on the way down, when the DOW dropped below 10,000. After that, I refused to sell any ...
by jrbdmb
Wed Mar 01, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the Market (just once)
Replies: 37
Views: 2772

Re: Timing the Market (just once)

I don't think I have any special insight into when the next correction will hit, but I think it'll be in the next 5 years. Think about this line for a bit, and please let us know that you've reconsidered this course of action. I've made a similar mistake recently. I transferred by 401K from one emp...
by jrbdmb
Tue Feb 28, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: http://www.hp-drivers-download.com/?
Replies: 19
Views: 694

Re: http://www.hp-drivers-download.com/?

Subjecting yourself to security intrusion because there is not a driver for Windows7+ is shortsighted. I have yet to encounter a driver not provided by the manufacturer unless you are talking about Linux. Unfortunately I have seen many instances where HP will not release updated drivers for their p...
by jrbdmb
Tue Feb 28, 2017 2:04 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 63
Views: 4970

Re: Fidelity drops equity trade fee to $4.95

It's good for investors. But, I don't think it help me much since I enjoy 100 free trade at WF. I keep hoping that TD Ameritrade will offer a similar deal since I already do most of my banking at TD, but so far no such luck. So I've parked $25,000 at BoA to get 30 free trades / month at Merrill Edg...
by jrbdmb
Tue Feb 28, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 63
Views: 4970

Re: Fidelity drops equity trade fee to $4.95

I went into the Fidelity app this evening and was greeted by an alert telling me that they had lowered the equity trade fee to $4.95. Details in USA Today here: http://www.usatoday.com/story/money/markets/2017/02/28/fidelity-cut-online-trading-costs/98502160/ I checked the Fidelity site https://www...
by jrbdmb
Tue Feb 28, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 63
Views: 4970

Re: Fidelity drops equity trade fee to $4.95

So what? Lots of places have free trades for the things that one should want to buy. And that includes Fidelity. In other words, $4.95 is still a rip off. Many on here do buy individual stocks, either as a real part of their portfolio (how un-Boglehead of them!) or as a small pot of play money. For...
by jrbdmb
Fri Feb 24, 2017 2:04 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffets Bet almost over
Replies: 7
Views: 2643

Re: Warren Buffets Bet almost over

So when exactly has the market been "usual?" :mrgreen:
by jrbdmb
Fri Feb 24, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4899

Re: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]

Also, as of today VFSVX (Vanguard FTSE All-World ex-US Small-Cap Index Fund Investor Shares) ER dropped from 0.31% to 0.27%. I use this fund in my IRA to balance out my 401K where the international fund has only large cap stocks. Alas, I'm still patiently waiting for an Admiral Shares class of this ...
by jrbdmb
Tue Feb 21, 2017 5:07 pm
Forum: Investing - Theory, News & General
Topic: Why TBM (total bond market)?
Replies: 17
Views: 2437

Re: Why TBM (total bond market)?

But wouldn't tying up funds in a 5-year CD increase your inflation risk? If inflation ratchets up, those CDs will continue to earn the same interest rate and fall behind in purchasing power. I'm not saying that a CD ladder is bad, but that it may not be any better than TBM. Yes TBM will take an init...
by jrbdmb
Fri Feb 17, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: http://www.hp-drivers-download.com/?
Replies: 19
Views: 694

Re: http://www.hp-drivers-download.com/?

Subjecting yourself to security intrusion because there is not a driver for Windows7+ is shortsighted. I have yet to encounter a driver not provided by the manufacturer unless you are talking about Linux. Unfortunately I have seen many instances where HP will not release updated drivers for their p...
by jrbdmb
Wed Feb 15, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: I want to ditch the cable company's modem
Replies: 51
Views: 3639

Re: I want to ditch the cable company's modem

I bought a modem on sale for $50. Thought I was so smart to save the $5/month. Then six months latter it got hit by lightning and got fried. I had to go out that night to buy a new one (at full price) so my wife could work the next morning Then a few months after that my cable company stopped charg...
by jrbdmb
Fri Feb 10, 2017 1:32 am
Forum: Personal Consumer Issues
Topic: mattresses and alcohol (bourbon, scotch, whiskey)
Replies: 45
Views: 4198

Re: mattresses and alcohol (bourbon, scotch, whiskey)

OK, I like to get a good "value" for my money. However, I find these two consumer items the most challenging. For a mattress, I recently just bought a latex version, because I gave up trying to compare apples to apples. However, this takes me to alcohol. I like bourbon. Would like to also...
by jrbdmb
Tue Feb 07, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 63992

Re: Do you think Ric Edelman is correct, never pay dow mortg

Tycoon: Yes a paid off house is a hedge against inflation but most people don't have that until about 55 A mortgage allows you to hedge that same amount of money 20 to 30 years before you own the house.....Gordon I used a 15 year mortgage and had a paid off house well before age 55. I feel quite lu...
by jrbdmb
Mon Feb 06, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 6395

Re: Single Malt Scotch-time for another thread?

Background: I like scotch. My cabinet currently houses >50 bottles ranging in price from ~50 to 400 USD. First, decide what kind of scotch you like! Only way this can be done is through tasting, so get together with friends and procure a solid but relatively inexpensive representation of each regio...
by jrbdmb
Fri Feb 03, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 6395

Re: Single Malt Scotch-time for another thread?

Definitely not worth it, nor is any other except for a select few who can discern differences or on occasions where it is used to make an impression. We had relatives who drank expensive Scotch at a time when we were just starting out and had little money. We obtained an empty bottle of their prefe...
by jrbdmb
Fri Feb 03, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: VTEB vs MUB [Vanguard Tax-Exempt vs. iShares National Muni Bond ETF]
Replies: 24
Views: 4064

Re: VTEB vs MUB [Vanguard Tax-Exempt vs. iShares National Muni Bond ETF]

Here's a related question about VTEB and MUB. I thought it made more sense to continue this discussion rather than start a new one ... Considering that both VTEB and MUB track the same index (S&P National AMT-Free Municipal Bond Index) you would expect their performance to closely match one anot...
by jrbdmb
Fri Feb 03, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: someone talk me out of using betterment or wealthfront as a "checking account"
Replies: 12
Views: 1185

Re: someone talk me out of using betterment or wealthfront as a "checking account"

As noted above, it seems like one of the LifeStrategy funds (0.13% - 0.15% ER), Target Retirement Funds (0.13% - 0.16% ER), or Balanced Admiral Funds (0.08% - 0.11% ER) would be an alternative to consider over the 0.25% charge (plus the underlying fund fees) of Betterment. I do not know the details ...
by jrbdmb
Tue Jan 31, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 6395

Re: Single Malt Scotch-time for another thread?

It's time for my evening "wee dram." I do on occasion enjoy single malts, but for daily use, I like the Famous Grouse. It IS a blend, but has more of the character of a single malt than most well-known blends. Guess I'm just cheap! Hope this isn't TOO off-topic. I've tried a few blends - ...
by jrbdmb
Tue Jan 31, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 6395

Re: Single Malt Scotch-time for another thread?

I just picked up a bottle of Talisker Storm for $35, will be curious to see how it compares to Talisker 10 for half the price I've had my eye on this juice, it's seems to be discounted as of late in my area (twin cities), and I may give it a go. Let us know your thoughts on it! -tsquare I've tried ...
by jrbdmb
Tue Jan 31, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Single Malt Scotch-time for another thread?
Replies: 69
Views: 6395

Re: Single Malt Scotch-time for another thread?

This is pretty much my opinion verbatim. Lagavulin 16 is my absolute favorite (I have to pay around $90-$100 in my city however, I can get it for cheaper when I travel at some duty free shops). My "day-to-day" whiskey is typically Johnny Walker Black. Although I will say we've had some ex...
by jrbdmb
Wed Jan 25, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: What is a good laptop to buy?
Replies: 90
Views: 7217

Re: What is a good laptop to buy?

Thanks for the replies. I am not a mac fan. Definitely not interested in a Mac I am a Windows junkie, but my wife is quite happy with her iPad Air for web surfing and light email, plus a lot of handy ios apps. I can't compare to a Chromebook, but it's definitely worth a look and will fit in your pr...
by jrbdmb
Tue Jan 17, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: 3 Vanguard Funds That Are Taking on Water
Replies: 29
Views: 5740

Re: 3 Vanguard Funds That Are Taking on Water

If the author is convinced we are in a bond bear market, why not just recommend plowing everything into 30-year Treasury puts?
by jrbdmb
Tue Jan 17, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is Insurance Rebate Taxable?
Replies: 8
Views: 454

Re: Is Insurance Rebate Taxable?

Unless you are somehow able to deduct your insurance premiums from your taxable income, why would any subsequent rebate be taxable? Update - I have auto insurance with New Jersey Manufacturers, and i just received a similar "dividend." This is nothing more than a return of excess premiums ...
by jrbdmb
Mon Jan 16, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 3146

Re: Streaming TV for Elderly Parents

We are considering converting our parents to a streaming TV service. They currently have Comcast TV, landline phone, DSL. They primarily watch national and local news, The Weather Channel, C-Span, Turner Classic Movies, MLB.com (via mlb.tv), TNT, CNN, ESPN, ABC/NBC/CBS/TBS and a few others. We have...

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