Search found 140 matches

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: 1199

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: 2426

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: 9509

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: 617

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: 617

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: 5594

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: 1073

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: 2148

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: 617

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: 617

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: 2148

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: 4833

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: 4833

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: 3872

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: 5739

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: 2652

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: 645

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: 4833

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: 4833

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: 4833

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: 2600

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: 4589

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: 2353

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: 645

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: 3434

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: 3865

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: 63029

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: 5814

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: 5814

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: 3792

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: 1146

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: 5814

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: 5814

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: 5814

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: 6981

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: 5711

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: 415

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: 3054

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...
by jrbdmb
Thu Jan 12, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 7068

Re: Amazon Prime Rewards Visa Signature Card

Is there any advantage in keeping the 5% store card now? I have both. Looks like the store card gives financing or 5%, which I don't need. Other than that I'd like to get rid of the store card. Same question here. I'd like to get rid of my store card (just b/c it's one extra thing to worry about). ...
by jrbdmb
Wed Jan 04, 2017 5:05 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4781

Re: Champion of 401K Lament the Revolution they Started

Many jobs that previously only required an undergraduate degree now require a graduate degree, so that's more debt and more time. And far more jobs that previously only required a high school diploma now require a college degree of some sort. I know that I get (mildly) upset at my TV every spring d...
by jrbdmb
Wed Jan 04, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4781

Re: On Point - Big Worries For Your 401(K) Retirement Plan

Under the 401(k) system you're made responsible for saving for your retirement. The problem is that: A lot of people who can save don't. And a lot of people who don't save can't. I think you missed a very important #3: - A lot of people don't have the knowledge, experience, or temperament to manage...
by jrbdmb
Wed Jan 04, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4781

Re: On Point - Big Worries For Your 401(K) Retirement Plan

Under the 401(k) system you're made responsible for saving for your retirement. The problem is that: A lot of people who can save don't. And a lot of people who don't save can't. I think you missed a very important #3: - A lot of people don't have the knowledge, experience, or temperament to manage...
by jrbdmb
Tue Jan 03, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10323

Re: Max It Out Tomorrow

Can someone explain this to me? Just curious. Thanks. Toons did when he said "Time. Not timing." You want to maximize your "time" invested, you don't want to try to get into market "timing". :beer But my understanding is that Dollar Cost Averaging is *not* market timin...
by jrbdmb
Tue Dec 20, 2016 12:07 pm
Forum: Investing - Theory, News & General
Topic: What do you think is in more of a bubble right now?
Replies: 57
Views: 6866

Re: What do you think is in more of a bubble right now?

I mentioned "peace bubble" not really to encompass the possibility of a full scale nuclear war (of course if that happens then all bets are off). But I began thinking about how there have been numerous conflicts since the end of WW2 - but none of them have taken place on the home soil of a...
by jrbdmb
Tue Dec 20, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: DOW [Will the DOW hit 20,000 before the end of the year?]
Replies: 44
Views: 4951

Re: DOW [Will the DOW hit 20,000 before the end of the year?]

The Dow Jones Industrial Average will definitely [ ] hit 20,000 [ ] not hit 20,000 by the end of 2016. (Remind me to update this post at 5PM on December 30.) BTW, what is your exact criteria? Is an intraday high of 20,000 adequate, or does the Dow have to close above 20,000? And is there some specia...
by jrbdmb
Mon Dec 19, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: What do you think is in more of a bubble right now?
Replies: 57
Views: 6866

Re: What do you think is in more of a bubble right now?

Chances are the next black swan event will not be a repeat of something we have seen before. Just one possibility - are we in a "trade bubble?" It is being taken for granted that the United States is participating freely in an enormous global marketplace where the trend is towards lower ta...
by jrbdmb
Mon Dec 19, 2016 5:15 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 90
Views: 11358

Re: Amazon Prime Getting Stingy?

They operate on really thin margins. Which is all the better for our pockets. It's a bit like the Vanguard Web site, can't expect it to be super-glitzy while expecting their ERs to be as low as possible. So I would never expect a free month offer or something like that. I wouldn't want them to even...
by jrbdmb
Wed Dec 14, 2016 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Bad Time for a Retiree To Invest Heavy in Bonds?
Replies: 24
Views: 4407

Re: Bad Time for a Retiree To Invest Heavy in Bonds?

hulburt1 wrote:3 years of cash and the rest in total stock market. Have dividends put into cash. so you will get about 5 years before you need to look at this again.


I think I would have to have a lot more information before I could suggest such an aggressive approach for a retiree.
by jrbdmb
Thu Dec 08, 2016 6:57 pm
Forum: Personal Consumer Issues
Topic: Frying pan recommendations
Replies: 53
Views: 3312

Re: Frying pan recommendations

My family has two Lodge cast iron pans which we like for certain things, but for day-to-day we use a set of Calaphon tri-ply SS, similar to All Clad but at a lower cost (but prob. not as low as Tramontina). My issue with the cast iron is that (1) things do stick to it and it requires some work to cl...

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