Search found 239 matches

by jrbdmb
Wed Apr 04, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: State Muni Funds
Replies: 10
Views: 1169

Re: State Muni Funds

There has to be demand and there has to be bonds. But you'd also WANT diversification. The national intermediate muni fund has over 7500 bonds, just for perspective. The CA intermediate muni fund has nearly 3500 bonds. On the other hand, the OH, MA, and NJ long-term muni funds have about 500 bonds ...
by jrbdmb
Fri Mar 23, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need Turbotax premier?
Replies: 48
Views: 10968

Re: Do I really need Turbotax premier?

If you're going the download/CD route, watch for sales. I got H&R Block Premium + State download for $27 earlier this week. I don't think it includes state E-file... but I owe state taxes, so I'm more than happy to snail mail that. I'm really happy about finally breaking the cycle of paying TurboTa...
by jrbdmb
Tue Mar 20, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12388

Re: Need advice re: Liberal Arts Colleges...

Another problem with the high tech industry is that a person's career may have a limited lifespan. A quote from Mark Zuckerburg who is explaining that there are not enough talented engineers: “I want to stress the importance of being young and technical. Young people are just smarter. Young people ...
by jrbdmb
Tue Mar 20, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day
Replies: 42
Views: 4813

Re: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day

Facebook is way overvalued, and users are leaving in droves. Expect that it drops more. If they're leaving, where are they going for social media? They don't necessarily have to go anywhere. I've found that the days I use social media like Facebook are not appreciably better than the days i don't u...
by jrbdmb
Fri Mar 16, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3514

Re: Modest stereo system

Why not just keep your old system and plug an old phone or tablet into the AUX jack for your digital stuff? This. Unfortunately their products have been discontinued, but I have a Squeezebox Touch that streams music wirelessly to my legacy stereo system - I'm sure here are other products there to d...
by jrbdmb
Tue Feb 27, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2543
Views: 476417

Re: What's Your Credit Card Rewards Strategy?

Madbrain - thanks for a pretty comprehensive list of rewards cards. I've considered many of the same cards that you have, but for now my strategy is towards maximizing spend rewards instead of sign-up bonuses. Once I get the last "everyday" card I want - BoA Premium Rewards - I will start to take ad...
by jrbdmb
Mon Feb 26, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Credit Cards?? [Credit card vs. debit card]
Replies: 107
Views: 4749

Re: Thoughts on Credit Cards??

Ged wrote:
Mon Feb 26, 2018 2:11 pm
Dangerous stuff.

I would suggest that if you are going to use these instruments of personal finance destruction you have an automatic savings plan where there is a monthly deduction from your paycheck that goes into separate accounts including a 401K or IRA.
Dave Ramsey, is that you? :o
by jrbdmb
Mon Feb 26, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Credit Cards?? [Credit card vs. debit card]
Replies: 107
Views: 4749

Re: Thoughts on Credit Cards??

I spent some time recently researching cotton drawstring shorts. I wear those around the house when I don't go to work, and as I'm not going to work at all I'm wearing them every day. So I need some more. My research has me leaning to Hanes shorts. The best price I can find is Amazon, where even th...
by jrbdmb
Fri Feb 23, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 113
Views: 11353

Re: Florida in the summer

Climate differs inland v coast. Another plus: lower latitude = more hours of sunlight. Compare sunset times for NYC and West Palm sometime, interesting. Today, 4:56 pm v 5:51 pm. Travel a little in the hot months. On average sunrises / sunsets will always be later in Florida because it is quite a b...
by jrbdmb
Thu Feb 22, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 9921

Re: <gulp> Expensive mistake

What is the TSP and F fund? Non-intuitive acronyms are ubiquitous on this forum. While that's often true, I don't think this is a good example. TSP and F fund are only slightly less commonly known than 401k and TBM, which I think are fair game. Sorry, but I have to disagree with this part. I have b...
by jrbdmb
Thu Feb 22, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Boglehead Flashlight?
Replies: 65
Views: 5171

Re: Boglehead Flashlight?

IMHO you don't have to buy a "beast" of a flashlight powered by 4 D batteries anymore. I have several LED flashlights that use 3 to 4 AA batteries that put out all the light that I need and are very solid but moderate weight. I don't have a specific brand to recommend, just look for a Cree LED, pref...
by jrbdmb
Tue Feb 20, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: For munis: state specific or non-state specific funds best?
Replies: 14
Views: 1454

Re: For munis: state specific or non-state specific funds best?

It also depends on the credit rating of your state. I live in New Jersey, which has slid from a AA rating in 2010 to a A- rating in 2017. I am willing to pay extra state income tax to avoid the potential financial abyss NJ appears to be headed towards. Likewise, I would never consider an Illinois (B...
by jrbdmb
Tue Feb 20, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: J. Montier: US equity market is obscenely overvalued
Replies: 33
Views: 3455

Re: J. Montier: US equity market is obscenely overvalued

Based on this ZeroHedge article from summer 2015: "This is definitely the most difficult time to be an asset allocator," warns GMO's James Montier, telling conference attendees in Munich that he hasn't been this risk-averse since 2008. Having warned six months ago that "stocks are hideously expensiv...
by jrbdmb
Wed Feb 14, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

Cheers to those who held... shots for those that bought more! What about those of us who wanted to buy more, but hadn't kept any dry powder aside to do so. :) If you sold your bond funds on the RBDs (2/5 and 2/8) to buy equities, then you would have avoided losses in your bond funds almost equal to...
by jrbdmb
Wed Feb 14, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2610

Re: rmd disaster

Given this plan's potential restrictions and rules, I suggest doing a direct rollover (avoids withholding) to an IRA account. You can open an IRA at most large firms and they will assist with the rollover process from this plan. However, the plan MUST distribute your 2018 RMD to you before rolling ...
by jrbdmb
Tue Feb 13, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11788

Re: Did you learn anything from the market correction?

Just to change the course of this thread for one post, what didn't I learn? Well, I know that I'm generally OK with the ups and downs of the market, but since I didn't hit any of my rebalancing bands I didn't learn if I have the stomach to rebalance into the teeth of a significant decline. That exam...
by jrbdmb
Tue Feb 13, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11788

Re: Did you learn anything from the market correction?

Did you learn anything from the market correction? The main thing I learned is that I have no idea whether we just experienced a market correction or the beginning of a severe bear market. Not clear yet if I will get away with a hard tap on the shoulder or if the market is still going to punch me i...
by jrbdmb
Thu Feb 08, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

The market is over valued even today. A BH should aware of this and be value oriented. This is not market timing. https://www.cnbc.com/2018/01/23/markets-could-suddenly-turn-and-they-dont-even-need-a-trigger-nobel-winning-economist-shiller-says.html Are you sure value orientation is BH philosophy? ...
by jrbdmb
Thu Feb 08, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

Ah those closing minutes were entertaining to watch! Oh Dow, just a few more points to get from around down 880 to a round 900. You can do it Dow! Oh wait, you managed to pass -1000 - way to over achieve! Ah nothing like a "Dow loses 1000 points" for a financial journalist. Love those round but poi...
by jrbdmb
Thu Feb 08, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

https://www.marketwatch.com/story/xiv-trader-ive-lost-4-million-3-years-of-work-and-other-peoples-money-2018-02-06 Title "XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money" "The VelocityShares Daily Inverse VIX Short Term ETN XIV, -92.64% was created to give traders an opp...
by jrbdmb
Mon Feb 05, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

mister_sparkle wrote:
Mon Feb 05, 2018 3:09 pm
1100. :shock:

edit: Make that 1550
Wondering what happened to cause the DOW to drop from 24776 at 3:02 PM to 23999 at 3:11 PM, and then recovered almost of it back by 3:17 PM. Even for a wacky market that seems kinda wacky ... :shock:
by jrbdmb
Fri Feb 02, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

buddy who works on Wall Street ... He says his entire office is laughing at this “sell off” and buying as much as possible “We’re still up for 2018 and people are freaking out over interest rates - which we knew were going up. It’s insane.” Stay the course - or buy more. Happy Friday How long has y...
by jrbdmb
Fri Feb 02, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

Could the explanation be as simple as rising bond rates make stocks relatively less attractive?
by jrbdmb
Fri Feb 02, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8416

Re: Anyone else cashing out on *some* of the crazy earnings?

If by "cashing in" you mean rebalancing when my AA got out of my tolerance bands, then yes. Otherwise no. This. I'm surprised that it took somebody this long to mention AA on a Bogleheads thread. :happy Assuming the OP is talking about a taxable account, he still should have an IPS that includes a ...
by jrbdmb
Fri Feb 02, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: treaure yield up, dollar down, QE shrink, Dow all time high, what's ahead of US
Replies: 4
Views: 651

Re: treaure yield up, dollar down, QE shrink, Dow all time high, what's ahead of US

Unless you are in a state like the US market this week where *both* bonds and equities are taking a beating. Then what, retreat to cash?
by jrbdmb
Thu Feb 01, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 438
Views: 87030

Re: Bank of America/Merrill Edge - Preferred Rewards

Due to the new (up to) $900 bonus for opening a new IRA at Merrill Edge, I am considering moving one or both of my wife's two IRAs from Vanguard to ME. What I'm curious about is if her new ME IRA balance would be combined with my existing accounts (IRA and taxable) for Preferred Rewards purposes. If...
by jrbdmb
Wed Jan 31, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5896

Re: New car - how much can we afford?

I know..standard thread that appears every other day on the board, today is my turn. Me: 29 Girlfriend: 30 We are expecting a baby end of the year and we need a bigger car. Initial thinking is to buy a second- hand car, max 30k miles. How much car can we afford? -Our take home pay is 140k/year. -We...
by jrbdmb
Tue Jan 30, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

I hope this is the beginning of a multi-year 50% decline. The problem with a 50% decline is it causes so many secondary effects - job losses, housing depreciation, etc. It is much harder to stick with your IPS or buy stocks "on the dip" if you become unemployed or underemployed, your home is sudden...
by jrbdmb
Tue Jan 30, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

dharma student wrote:
Tue Jan 30, 2018 1:07 pm
Great sale....for those of us still in the accumulation phase.... :happy
Pffft. S&P 500 is around 2% off it's record high set on Friday. I don't roll out of bed for a 2% sale. :happy

Once we get to a 10% correction or more, *then* it's a sale.
by jrbdmb
Tue Jan 30, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6392
Views: 1370741

Re: U.S. stocks in freefall

Doom&Gloom wrote:
Tue Jan 16, 2018 4:20 pm
Bulls can make money. Bears can make money. Pigs get slaughtered.
I've seen this quote multiple times, but I'm not sure how this applies to investing. Exactly how does one "piggishly" invest?
by jrbdmb
Sat Jan 27, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 111
Views: 9145

Re: Quit jobs to gain lower EFC [Expected Family Contribution]

My sister-in-law had/has three kids going to U Penn, Amherst and Northwestern. Roughly $65k per year x 12 years for full cost (less per year 5 years ago, more when the last is done in a few years). She and her husband were each making about $85k. I advised her, based on PSAT test scores and grades ...
by jrbdmb
Fri Jan 26, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 59
Views: 5708

Re: Amica Increase

It seems the only real adice that applies for everybody is "shop around every few years." In my case I had NJM auto insurance for a number of years, zero at-fault accidents or tickets. But when my son started driving our rates went up about 250%. :oops: Amica's rates were not any better than NJM, bu...
by jrbdmb
Fri Jan 26, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4133

Re: Did I just commit market timing with "dry powder"?

Unless you are already invested 100% in stocks, could your bond allocation be considered "dry powder?"

And is a market timer "using my dry powder to buy stocks on a dip" really that much different than a Boglehead "rebalancing from bonds to stocks per my IPS?" 8-)
by jrbdmb
Fri Jan 26, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4133

Re: Did I just commit market timing with "dry powder"?

If 100% stocks had the best returns, everyone would do 100% stocks. Yes 100% stocks can have the most gains during good markets, but they have the biggest drops when there is a crash. A 100% stock portfolio that has a 50% drop in value, must have a gain of 100% to get back to where it started. A 50...
by jrbdmb
Fri Jan 26, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4133

Re: Did I just commit market timing with "dry powder"?

^ Nicely put! I just want to add that 100% stock have better return than 80/20. Is it more risky? Yes. Is it uncompensated risk? Well, it's not as linear per efficient frontier graph, but you'll get extra return. How valuable is the extra return? Let's say 80/20 gives you 7% return. 100/0 gives you...
by jrbdmb
Thu Jan 25, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Any thoughts on Wealthfront for IRA?
Replies: 6
Views: 622

Re: Any thoughts on Wealthfront for IRA?

Another option is Merrill Edge - all Vanguard ETFs available and 30 free trades a month if you have a $50,000 and qualify for BoA Platinum Rewards.

If you prefer "set it and forget it" investing you can consider a Vanguard Target Retirement Fund.
by jrbdmb
Thu Jan 25, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4133

Re: Did I just commit market timing with "dry powder"?

^ Nicely put! I just want to add that 100% stock have better return than 80/20. Is it more risky? Yes. Is it uncompensated risk? Well, it's not as linear per efficient frontier graph, but you'll get extra return. How valuable is the extra return? Let's say 80/20 gives you 7% return. 100/0 gives you...
by jrbdmb
Thu Jan 25, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 19680

Re: My boneheaded financial mistakes

1. First job, first attempt at a 401K, changed employers and cashed the 401K out for a down payment on a townhouse instead of rolling it over. 2. Not investing more than the company match in my next 401K for a *long* time. 3. Another change in jobs, cashed out my existing 401K (couldn't roll over in...
by jrbdmb
Wed Jan 24, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Employer Being "Bought Out" By Another Company
Replies: 20
Views: 2303

Re: Employer Being "Bought Out" By Another Company

Yes. Three times (!) in fact without ever having to change jobs! My first employer out of college turned out to be a mistake - after 18 months I realized I wasn't happy with the jobs or the locale. So I left to go to a company that was known for "lifetime employment" - at least at that time they wer...
by jrbdmb
Fri Jan 19, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 32
Views: 2465

Re: Need to buy new printer. Suggestions for best value?

My family *does* occasionally need to print color photos and/or color documents. So we have a black and white laser printer (currently a Canon all-in-one, though I considered a Brother as well) and a nice Canon inkjet in the basement for those occasional color prints. So far I have not had issues wi...
by jrbdmb
Fri Jan 19, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Spend $900.00 Unused FSA Dollars
Replies: 42
Views: 2981

Re: Help Me Spend $900.00 Unused FSA Dollars

Perhaps those designer sunglasses you've always wanted?

Edit - you might need to purchase these at an eyeglass shop (LensCrafters, Pearle, etc.) to qualify for FSA.
by jrbdmb
Thu Jan 18, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 438
Views: 87030

Re: Bank of America/Merrill Edge - Preferred Rewards

I know about the 10% redemption fee for partial shares...I solve that by not reinvesting dividends..I take my dividends, and rebuy after they post and buying up to the next whole share so that doesn't happen. What's this 10% redemption fee for partial shares? I never heard about this, where can I f...
by jrbdmb
Thu Jan 18, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1244

Re: Rebalancing bands tighter than 5 / 25?

You might also might want to look at: http://www.wsfaonline.com/resources/Opportunistic_Rebalancing_JFP2007_Daryanani.pdf which looks at various rebalancing bands and I believe recommends 20 percent. I read this over this morning, interesting. One thing about his study is that he assumes a $20 cost...
by jrbdmb
Wed Jan 17, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1244

Re: Rebalancing bands tighter than 5 / 25?

Thank you for the link. I had seen that article mentioned elsewhere but the link was broken. And I agree that the best plan is one that you'll stick with.
by jrbdmb
Wed Jan 17, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1244

Rebalancing bands tighter than 5 / 25?

I've seem many posts on here (as well as the Wiki) about using 5% absolute / 25% relative rebalancing bands for a portfolio. But I just can't get comfortable with allowing my investments to drift that much before doing a rebalance. Is it reasonable to use tighter rebalancing bands like 2% / 10%? Not...
by jrbdmb
Wed Jan 10, 2018 3:47 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 49851

Re: USAA 2.5% Cash Back Credit Card

I'm up to $5,563 cash back so far this year. I love this card. As someone said in that Doctor of Credit comments section regarding manufactured spending as being a likely reason USAA is pulling back, "This is why we can't have nice things." Even if all of the $222K in spend to generate the above re...
by jrbdmb
Wed Jan 10, 2018 3:30 am
Forum: Personal Consumer Issues
Topic: Alliant 3/2.5% card - any experience?
Replies: 32
Views: 4437

Re: Alliant 3/2.5% card - any experience?

Another "elite" card of interest is BoA premium combined with platinum honors. It is easy to do if you can park 100k at Merrill Edge. And you get bonuses for the checking, for the credit card, and for the brokerage. It is a compelling package. BoA is not picky. BoA is getting pickier than they used...
by jrbdmb
Mon Dec 18, 2017 9:55 am
Forum: Investing - Theory, News & General
Topic: Is Menards the future of retail? If so, what does it mean?
Replies: 37
Views: 2629

Re: Is Menards the future of retail? If so, what does it mean?

Private label brands are not unusual at all. I would actually be surprised to find a big box or department store or hardware store or supermarket that *doesn't* offer it's own brands for one reason or another.
by jrbdmb
Fri Dec 15, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: New credit card account hits my credit reports before I even get the card?
Replies: 5
Views: 601

New credit card account hits my credit reports before I even get the card?

This is a new one for me. When applying for a credit card I expect to see an inquiry (hard pull) on one or more of the credit bureaus almost immediately. Then if I'm approved I'll see the new card on my credit reports after a month or two, after I've completed one or two billing cycles. What surpris...
by jrbdmb
Fri Dec 08, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 18765

Re: Call the top! - Bitcoin

ccieemeritus wrote:
Thu Dec 07, 2017 11:16 pm
The prize? Honor and glory.
This is silly, a real prize should be awarded.

Does anyone have some Monopoly money they can donate? :)