Search found 4113 matches

by mickeyd
Tue May 31, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: New "Flagship Select" level at Vanguard
Replies: 37
Views: 7239

Re: New "Flagship Select" level at Vanguard

I believe that Vanguard does not pay any commissions. The very low fees do not provide money for commissions. Interesting. I wonder how they attract the advisor community. It seems to be a big part of their business now — 1 trillion USD assets per the Vanguard website. Advisors who are paid via Ass...
by mickeyd
Tue May 31, 2016 1:37 pm
Forum: Investing - Theory, News & General
Topic: New "Flagship Select" level at Vanguard
Replies: 37
Views: 7239

Re: New "Flagship Select" level at Vanguard

I find it interesting that a post over 3 years old would generate so many 2016 comments.
by mickeyd
Mon May 30, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: JD Mellberg 8% Lifetime Return Claim - Legitimate?
Replies: 43
Views: 17721

Re: JD Mellberg 8% Lifetime Return Claim - Legitimate?

JD Mellberg is investing your money and pocketing all investment gains.


I do not believe that Melberg is a LI company. They probably get some kind of commission arrangement with various LI companies that is based on volume, volume, volume.
by mickeyd
Mon May 30, 2016 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: How persnickety are you with your rebalance bands?
Replies: 24
Views: 1283

Re: How persnickety are you with your rebalance bands?

I'm pretty loosy-goosy with my bands. I'm 50/50 with a 5% trigger point, but it's not a religion. I check the accounts each December around RMD time. If rebalancing/adjusting is in order, it gets done online at that time.
by mickeyd
Mon May 30, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Federal Money Market Fund
Replies: 14
Views: 1412

Re: Vanguard Federal Money Market Fund

I received a letter in the mail regarding this and a copy (16 pages) of a new Vanguard Brokerage Account Agreement recently as well as a pamphlet regarding new fee schedules effective July 1, 2016. It seemed pretty straight forward.
by mickeyd
Mon May 30, 2016 12:09 pm
Forum: Investing - Theory, News & General
Topic: JD Mellberg 8% Lifetime Return Claim - Legitimate?
Replies: 43
Views: 17721

Re: JD Mellberg 8% Lifetime Return Claim - Legitimate?

How do we know that Josh Mellberg is lying? His lips are moving.
by mickeyd
Sat May 28, 2016 7:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: MEMORIAL DAY, 2014 [and 2016]
Replies: 26
Views: 3327

Re: MEMORIAL DAY, 2014

Thank you for your service -- and also for remembering those who gave their lives for the freedom we enjoy today.


Back at ya, Taylor.

BTW, I had the unique honor of shaking the hand of a survivor of the Bataan Death March this afternoon. I cherish that occasion.
by mickeyd
Sat May 28, 2016 1:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: MEMORIAL DAY, 2014 [and 2016]
Replies: 26
Views: 3327

Re: MEMORIAL DAY, 2014

These characters in CA who did this, evidently did not get the message. Vandals defaced a memorial to Vietnam war veterans in Venice – an awful sight on this Memorial Day weekend. Stewart Oscars welled up as he looked at the vandalized mural located on Pacific Avenue near Sunset Court. It was covere...
by mickeyd
Sat May 28, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 2444

Re: "Indexed Annuities: The Big Lie" by Don McDonald

Does that sound like an Indexed Annuity


Probably so but most of the 6% is a return of his own money. It's a commission generator for his LI agent.
by mickeyd
Wed May 25, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 167
Views: 8383

Re: What's Your Credit Card Rewards Strategy?

I never thought of it as a strategy, but I guess that's what it is. All cash rewards go to reduce my monthly balance. What's left is paid off automatically with zero balance left. Seems about as cost effective as possible as I always have a monthly balance since I charge close to 100%.
by mickeyd
Tue May 24, 2016 2:26 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1642
Views: 343141

Re: What Movie Have You Recently Watched?

Nebraska

What it's like to get old in America. Black/white format actually makes it a better flick.
by mickeyd
Sun May 22, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 149
Views: 11815

Re: Is there a such thing as a blue collar Boglehead?

That chart indicated that my NW is in the top 5%. Hmmm. :?: Like many (most?) Bogleheads, I started investing early and often and I continue to do so. Though I wore a white collar when I was pulling down a regular paycheck, I knew many so called blue-collar friends that made more than I did. So, whi...
by mickeyd
Fri May 20, 2016 7:35 pm
Forum: Investing - Theory, News & General
Topic: Ally reduces 5 year CD rate
Replies: 16
Views: 2803

Re: Ally reduces 5 year CD rate

Makes that 30 month 2.5% NFCU CD I got in December look even sweeter. :happy
by mickeyd
Fri May 20, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrades new game
Replies: 20
Views: 2770

Re: Scottrades new game

I don't want or need help


Yea, but the advisors do.
by mickeyd
Fri May 20, 2016 7:26 pm
Forum: Personal Consumer Issues
Topic: Vanguard University
Replies: 5
Views: 1156

Re: Vanguard University

Well, I'm still cheering for Scotty the Lion. Thanks for the history lesson.
by mickeyd
Fri May 20, 2016 7:22 pm
Forum: Personal Consumer Issues
Topic: Is $2000 reasonable for bathroom permits?
Replies: 22
Views: 2459

Re: Is $2000 reasonable for bathroom permits?

A few years ago we had a contractor re-do both bathrooms but do not recall any discussion at all about permits.

Am I in trouble? 8-)
by mickeyd
Fri May 20, 2016 7:04 pm
Forum: Personal Consumer Issues
Topic: Vanguard University
Replies: 5
Views: 1156

Vanguard University

I noticed in the sports pages of the local newspaper that Vanguard University had won?lost? a baseball game. Did not ever hear of such a school. VU? Go "Scotty the Lion" :thumbsup From Google: Vanguard University Private university in Costa Mesa, California Vanguard University of Southern ...
by mickeyd
Thu May 19, 2016 6:57 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle will Appear on Webinar
Replies: 0
Views: 284

Jack Bogle will Appear on Webinar

Just finished up today's VG webinar. At the end, they mentioned that Mr. Bogle will be the guest on the next one in June. Vanguard Founder Jack Bogle celebrates 65 years in the financial services industry Date: Wednesday, June 15, 2016 Time: 3:30 p.m., Eastern time Please join our live conversation ...
by mickeyd
Wed May 18, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance payout to SPIA?
Replies: 1
Views: 194

Re: Life insurance payout to SPIA?

She is not into the financial planning stuff like I am and my sense is she would do better with less "moving parts". Here's an idea; ask her what she wants. Perhaps it will motivate her to take an interest in her financial future and you could teach her what you know. This has kinda worke...
by mickeyd
Tue May 17, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Could I be held Liable for giving financial advice to a friend
Replies: 37
Views: 3629

Re: Could I be held Liable for giving financial advice to a friend

If I was to provide any input or advice could I be held liable?


I doubt it, but you are liable to ruin your friendship. As in, "Gee, why did you give me such lame investment advice?"
by mickeyd
Sun May 15, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: question about vanguard account
Replies: 8
Views: 664

Re: question about vanguard account

Welcome here calvinburnes,

Vanguard Brokerage Services (VBS) should be able to get you anything you need, You can invest in Admiral if over $10K/fund. No extra cost. Suggest that you contact VG and get it directly from them prior to opening an account.

Good luck.
by mickeyd
Sun May 15, 2016 4:22 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1642
Views: 343141

Re: What Movie Have You Recently Watched?

Viewed Pulp Fiction for about the 6th time last night. Can't seem to get enough of that flick. Travolta's best.
by mickeyd
Sun May 15, 2016 3:38 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 7314

Re: "Can Anything Stop Vanguard?"

they won't tell you (Mr. and Ms. Owner!) Bill McNabb's salary. If you were a stockholder, Personally, I could not care less what McNabb or any VG big shot makes in compensation. I only care that my average ER is < 10 bps and I expect it to continue to decrease. Keepin' it simple for 70+ years...
by mickeyd
Sat May 14, 2016 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park excess funds
Replies: 9
Views: 1250

Re: Where to park excess funds

I rarely have a need for my cash reserves either, but I have them split between Ally online account and VG Short Term Bond Idx. This mix has worked for me 10+ years and has little risk.
by mickeyd
Sat May 14, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 7314

Re: "CAN ANYTHING STOP VANGUARD?"

The only thing that I can imagine that could stop VG is that the federal government could change all of the rules that have favored VG's business model and passive investing. As VG grows and acquires more investors, this possibility will become less possible.
by mickeyd
Sun May 08, 2016 2:32 pm
Forum: Investing - Theory, News & General
Topic: NJ.com: To boost N.J.'s public pension funds, avoid costly investment fees
Replies: 2
Views: 565

Re: NJ.com: To boost N.J.'s public pension funds, avoid costly investment fees

The holy grail of responsible investing is to earn acceptable returns while taking on tolerable risk and paying the lowest fees possible. Transparency is also highly desirable. Interesting concept, but what exactly does "acceptable", "tolerable", "lowest" and "des...
by mickeyd
Sun May 08, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard live video webcast: Keys to building a successful investment portfolio
Replies: 15
Views: 1406

Re: Vanguard live video webcast: Keys to building a successful investment portfolio

I regularly watch the Vanguard webcasts and have found them interesting to view. It's rarely a waste of an hour of my time. I recommend it to all Bogleheads.
by mickeyd
Sun May 08, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads [3-Fund Portfolio]
Replies: 3
Views: 412

Re: New to Bogleheads [3-Fund Portfolio]

I'm blown away how big the expense ratios are after looking into it more. Plus- thanks to you guys we are really valuing that 1% management fee now (it just didn't sound like a lot when you say 1% in conversation). :shock: As Jack Bogle has written many times: "Relentless rules of humble arith...
by mickeyd
Sun May 01, 2016 3:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 624157

Re: U.S. stocks in freefall

I have only been at this for 3 years since I got my first real job so I have yet to see a real noisy/bad period that has caused me to question my AA, but I know it will come at some point. Going to remember this tip. But you are probably decades ahead of your peers when it comes to investing. Good ...
by mickeyd
Sun May 01, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: Company Match and high ERs
Replies: 31
Views: 1629

Re: Company Match and high ERs

The HR guy answered, 'big deal, it's only a quarter percent!' Boy, I couldn't believe it from the HR of a 40,000 employee company.


Amazing!
As Jack Bogle has written many times~ "The relentless rules of humble arithmetic and the tyranny of compounding costs"
by mickeyd
Sat Apr 30, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: Company Match and high ERs
Replies: 31
Views: 1629

Re: Company Match and high ERs

the lowest ERs attainable are 1.10.


Yikes! That's giving up a lot. How many VG or FIDO funds are available? Should be able to get VG at 100bps lower than that.
by mickeyd
Thu Apr 28, 2016 12:51 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 63
Views: 6799

Re: [favorite] Boglehead quotes

Taylor Larimore wrote: Your Plan reflects a reasoned guess but it is almost certain to be wrong. There is no sense worrying about small deviations from a "guess" that was not correct in the first place.
by mickeyd
Thu Apr 28, 2016 12:20 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 63
Views: 6799

Re: [favorite] Boglehead quotes

I must have read this someplace here during the last few years.

“THE BEATINGS WILL CONTINUE UNTIL MORALE IMPROVES.”
by mickeyd
Sun Apr 24, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Does Knowledge of Fellow Employees’ Retirement Contributions Encourage Greater Participation?
Replies: 6
Views: 669

Re: Does Knowledge of Fellow Employees’ Retirement Contributions Encourage Greater Participation?

I wonder if there has been any study showing that people contribute more to their retirement accounts if they know what “the other guy” is doing. I no longer work, but when I did, I did not care what my fellow employees did with their 401(k) contributions. I generally knew that I had a better handl...
by mickeyd
Sat Apr 23, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Financial Plan Provision for Flagship Customers Discontinued?
Replies: 22
Views: 2349

Re: Annual Financial Plan Provision for Flagship Customers Discontinued?

I received a couple of financial plans from VG 8-10 years ago for no cost. Excellent experience. Since then I have simplified myself on my own. I feel that I have no need for a planner at this time since I'm pretty solid in where I need to be financially. When my Flagship rep called me a month ago (...
by mickeyd
Fri Apr 22, 2016 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Financial Plan Provision for Flagship Customers Discontinued?
Replies: 22
Views: 2349

Re: Annual Financial Plan Provision for Flagship Customers Discontinued?

OP may have something there. This does not say that you get a free FP, just advice.

Financial advice from a Certified Financial Planner™ (CFP®) professional—anytime. They can help you with specific investment questions or provide ongoing advisory and portfolio management services.
by mickeyd
Tue Apr 19, 2016 4:23 pm
Forum: Personal Consumer Issues
Topic: Toyota Tacoma owners?
Replies: 56
Views: 6894

Re: Toyota Tacoma owners?

If you are in the San Antonio,TX area and want to tour the Tundra/Tacoma plant south of town, it will be worth your time.
by mickeyd
Tue Apr 19, 2016 4:17 pm
Forum: Investing - Theory, News & General
Topic: Wiki home page updated - New features!
Replies: 6
Views: 1070

Re: Wiki home page updated - New features!

Beautiful job. Thanks to many Bogleheads that worked to give all of us a better reference tool.
by mickeyd
Thu Apr 14, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: Boomers' Retirement Confidence Hits All-Time Low
Replies: 7
Views: 1623

Boomers' Retirement Confidence Hits All-Time Low

Once again my fellow boomers (actually I am a bit older than Boomer age) say that they are a bit short on retirement money. If so, it's too darn late. In the Insured Retirement Institute's latest report on boomers' attitudes toward retirement, just 24% of respondents say they are confident they will...
by mickeyd
Tue Apr 12, 2016 4:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: 50,000 Members
Replies: 26
Views: 3109

Re: 50,000 Members

I'll be checking the mail for my new "One of 50K" tee shirt.
by mickeyd
Tue Apr 12, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 6942

Re: Retirees: what's your Withdrawal Rate for this and last year?

Been retired 10+ years and WR is zero even though I did take a bunch of RMD money out of my IRA and exchanged it to my taxable account. Thank goodness for pensions and SS.
by mickeyd
Sat Apr 09, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Another newbie in trouble...
Replies: 14
Views: 2260

Re: Another newbie in trouble...

Hey khoffnamm. Welcome here. Looked up Safe Money Advisors and this jumped out. This indicates that it's just another company trying to sell you a fixed income annuity product. You would be much better off reading a couple of good investment books (they are free @ your library) and do it yourself as...
by mickeyd
Sat Apr 09, 2016 1:02 pm
Forum: Investing - Theory, News & General
Topic: Not Miller Time
Replies: 5
Views: 1477

Not Miller Time

Bill Miller got famous for beating the S&P500 for 15 years in a row with his Legg Mason fund, but his luck ran out again, and again and... I'm sticking with my old boring-as hell collection of Vanguard index funds zzzzzz. What happened after this amazing 15-year stretch? Allan Sloan of Fortune m...
by mickeyd
Sat Apr 02, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance For Newborn?
Replies: 49
Views: 3284

Re: Life Insurance For Newborn?

does it ever make sense to get life insurance for a newborn?


Only if the infant is the main provider for the family. That is rarely the case.
by mickeyd
Fri Apr 01, 2016 7:54 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 18771

Re: Tesla Model 3 anyone?

DS forked over $1K to get on the Model 3 list. He's smarter than I am and has yet to buy a fancy car like I did @ age 23. He's over due @ age 35.
by mickeyd
Fri Apr 01, 2016 7:50 pm
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 61
Views: 5684

Re: Do you pay for yardwork?

I'm a DIY guy when it comes to yard work, investing, and making Mrs. mickeyd smile on a regular basis.
by mickeyd
Thu Mar 31, 2016 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: i need dental insurance company
Replies: 7
Views: 508

Re: i need dental insurance company

Dental insurance is not insurance. It is a prepaid dental plan. Only the insurance company and the agent will come out on top most of the time.

Pay as you go on this risk.
by mickeyd
Thu Mar 31, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Losing Money in Roth IRA
Replies: 10
Views: 1227

Re: Losing Money in Roth IRA

Like most of us, OP is learning what the definition of "long term" is.

Hang it there. Your account will be huge at the end of the ride. 8-)
by mickeyd
Sun Mar 27, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 2787

Re: The Urge to Splurge with Plastic NYT article

Evidently attendance at MIT does not insure that the MBA student is blessed with common sense.
by mickeyd
Sun Mar 20, 2016 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Moving ing/voya now annuity
Replies: 2
Views: 349

Re: Moving ing/voya now annuity

I agree with the above. After 8 years you probably have no surrender fee, but check the annuity contract to be sure. If there is no penalty, contact Vanguard and begin the paperwork to get it done. Re: Voya GoldenSelect Landmark I had to laugh at this name. When I was in the LI biz we used to chuckl...

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