Search found 4299 matches

by mickeyd
Sun Feb 26, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 63
Views: 9153

Re: Vanguard opens special offices for $1 million clients

I reside nowhere near any of these proposed VG locations. Even if VG opened up a local shop, I doubt if I would be motivated to drop by and make an investment when it is so easy to manipulate my stash online now. However, if there was a free lunch involved, I'd probably be inspired to make a visit. ...
by mickeyd
Sat Feb 25, 2017 1:45 pm
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 61
Views: 3764

Re: Buffett praises index funds, Bogle; unaware of Bogle's statue

Besides other obvious questions--is he advising against small-caps?


I think he is just keeping it simple. Once one gets to a certain age, simplicity seems to be an overriding aspect to equity investments.

Keeping it simple for 72 + years.
by mickeyd
Wed Feb 22, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 7501

Re: New Boglehead Millionaire

Investing really is easy when you follow the Boglehead approach.


Reminds me of a quote that I have captured from Dr. Bernstein "Dieting and investing are both simple, but neither is easy."
by mickeyd
Sat Feb 18, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3333
Views: 839534

Re: U.S. stocks in freefall

Uncle Pennybags wrote:
Doom&Gloom wrote:I hit a milestone today. Sell everything; thank me later 8-)

I'm selling all stock and buying cigars; time for a commodity play.


I see that move going up in smoke.
by mickeyd
Thu Feb 16, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6689

Re: Credit cards vs. Cash

CC for everything.

Next subject.
by mickeyd
Sun Feb 05, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is whole life necessary with no debt?
Replies: 22
Views: 1518

Re: Is whole life necessary with no debt?

Welcome here bmh33, We have zero debt...recently paid off the house, no car loans, no credit cards, etc We have around $800k in savings and both have term life insurance policies Congratulations. You have a wonderful financial start. Don't screw it up by buying an unnecessary WL policy that is sure ...
by mickeyd
Sun Feb 05, 2017 3:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 13732

Re: How Did You Become A Boglehead? What Led You Here?

Welcome here Dek17, though I'm a newcomer as of this January, perhaps I'm already becoming a Boglehead even though I haven't posted much - yet. Nothing is official until you are advised of the secret Boglehead password and secret handshake. At that time you will receive the official Boglehead member...
by mickeyd
Tue Jan 31, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Donating an old car
Replies: 26
Views: 1592

Re: Donating an old car

A few years ago I donated my 15YO Camry to St. Vincent DePaul. They ended up receiving $1800 cash from the process.
by mickeyd
Sun Jan 29, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax is playing games again.
Replies: 52
Views: 9414

Re: TurboTax is playing games again.

Signed up for TT Deluxe online for $24.99 @ USAA. Pretty sure that's all I'll need this year. Still miss free TT @ VG tho.
by mickeyd
Sun Jan 29, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Delaying 2016 401k Match
Replies: 17
Views: 1462

Re: Employer Delaying 2016 401k Match

What does it say in your plan's Summary Plan Description (SPD) document about employer match? Employer matching contributions are generally discretionary, and they can be stopped anytime. There is no law that employers should match your 401k contributions. What I would be concerned about is if the ...
by mickeyd
Sun Jan 29, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance
Replies: 9
Views: 578

Re: Variable Life Insurance

Hey jamieblu, Welcome here. I am a little nauseated that my advisor didn't mention any of the 'cons' associated with this policy. Don't look for the insurance agent to clutter up his/her sales pitch with cons. His/her job is to concentrate on the pros while distracting you from the cons. That's the ...
by mickeyd
Sat Jan 28, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Changing FICO Score
Replies: 42
Views: 3457

Re: Changing FICO Score

Now that my FICO score regularly is listed on both my DC and VISA card I notice that it bounces from about 790 to 830 or so monthly for no apparent reason. I do not intend on taking out a loan soon, so it really makes no difference to me. Just one more thing in the world of high finance to not worry...
by mickeyd
Wed Jan 25, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on CNBC & Reforms
Replies: 11
Views: 1596

Re: Jack Bogle on CNBC & Reforms

I have heard him say this at other times. I believe that his numbers reflect the fact that ETFs can be easily sold any time of the day but MF only at the end of the day. It indicates that ETF owners do not tend to hold their funds thru thick and thin while MF investors stay the course. Just my 2 cen...
by mickeyd
Wed Jan 11, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 12145

Re: Bogle worried Vanguard is getting too big

Index fund investing only works if everyone doesn't do it.


I do not care what everyone does. I only care about me and mine.
by mickeyd
Sat Jan 07, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 up 1.85% in first four days of 2017
Replies: 10
Views: 1605

Re: S&P 500 up 1.85% in first four days of 2017

McGilicutty wrote:It sure is nice to make money just by sitting on the old keister.


You really only made money if you liquidated your funds and got cash. Let the arguments begin!
by mickeyd
Sat Jan 07, 2017 4:21 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 6141

Re: "Yield surge: Remember the real role of bonds"

Tim Buckley and Bill McNabb discussed this at length during Thursday's Webinar. I believe that they said stay the course also.
by mickeyd
Sat Jan 07, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Certificate of Deposit
Replies: 3
Views: 530

Re: Certificate of Deposit

markotide wrote:Are short term cd's a good place to put money so as to keep it safe.... Other options ?


Hey markotide.

Welcome here.

CDs in a FDIC insured bank or other federally insured institution, are a good place for short-term cash that keep money safe. Many choices. What are you saving for?
by mickeyd
Sat Jan 07, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 12145

Re: Bogle worried Vanguard is getting too big

Bogle says that it "troubles" him, but does not suggest that Vanguard investors should direct their investments elsewhere. I believe that Vanguard can handle to troubles of Bogle with ease.
by mickeyd
Sat Jan 07, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: should i surrender my fixed indexed annuity
Replies: 13
Views: 1002

Re: should i surrender my fixed indexed annuity

Hey akanki99, Welcome here. Since you acquired this annuity less than 2 years ago I strongly suggest that you file a complaint with your state Commissioner of Insurance. If your agent got about 5% commission that would be about $18K. I have seen questionable transactions for much less. Most states h...
by mickeyd
Sat Jan 07, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: cancelling whole life policy
Replies: 3
Views: 392

Re: cancelling whole life policy

2. I am unclear if the broker's hesitation was pure laziness or whether there is some better way to handle replacing policies. Not sure what his motivation was to have you lie on the application for LI. Ethics alert! Ask to speak with the agent's manager or supervisor and ask for an explanation tha...
by mickeyd
Sat Jan 07, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: Kiplinger's 6 Vanguard Index Funds to Buy and Hold Forever
Replies: 7
Views: 2258

Re: Kiplinger's 6 Vanguard Index Funds to Buy and Hold Forever

Nice review of ETFs. Wonder why I had a Vanguard pop-up on my screen? :shock:
by mickeyd
Sat Jan 07, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogle
Replies: 24
Views: 1333

Re: New to Bogle

Hey cholondo. Welcome here. Does rebalancing all of these accounts while the stock market is high going to cost me anything in the long term What many of us do is follow the Plan or IPS that we construct at the beginning of things. Years from now (if you continue to invest like you do now) you will ...
by mickeyd
Thu Jan 05, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Tipping sole proprietor for local tour or cooking class - how much?
Replies: 6
Views: 822

Re: Tipping sole proprietor for local tour or cooking class - how much?

If the tour guide is an independent contractor, I don't see any reason to add more to his/her fee. If he charged you the right price, no added fee is required. Buy him a beer at the end of the deal.
by mickeyd
Wed Jan 04, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard statement error
Replies: 4
Views: 774

Re: Vanguard statement error

Call VG ASAP and they will correct or tell you why not.
by mickeyd
Tue Jan 03, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle interview with MarketWatch
Replies: 3
Views: 682

Re: Jack Bogle interview with MarketWatch

Great interview. Much thanks for the link. It contains many "Bogleisms". I liked this best... The idea of bonds is not that you will get a higher return, but that you will feel more comfortable with your portfolio and be able to follow the basic Bogle principle of ‘Don’t do something, just...
by mickeyd
Tue Jan 03, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 2742

Re: USAA Dividend Distribution

USAA Subscribers Account recipients do not receive "dividends". It's a different deal than USAA folks that may receive dividends.
by mickeyd
Sun Jan 01, 2017 2:12 pm
Forum: Investing - Theory, News & General
Topic: 2016 Boglehead Contest Winners
Replies: 22
Views: 2345

Re: 2016 Boglehead Contest Winners

Nice going Roverdog (if that's your real name).
by mickeyd
Sun Jan 01, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST
Replies: 675
Views: 18291

Re: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST

2350.77 has to be the winner this year as I continue to use my "add 5%" rule that has not worked yet...
by mickeyd
Fri Dec 30, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Deluxe on sale at Amazon
Replies: 49
Views: 6404

Re: Turbotax Deluxe on sale at Amazon

I got this from the USAA web site. Pass it on to and active/reserve service member in your world of influence. Even retired folks can get a TT discount. Active-duty military or reserves can get TurboTax Deluxe Online Federal at no charge. All other USAA members can save up to $20. Get access today t...
by mickeyd
Tue Dec 27, 2016 7:09 pm
Forum: Investing - Theory, News & General
Topic: David Swensen says "never have anything weighted more than 30%"
Replies: 42
Views: 4422

Re: David Swensen says "never have anything weighted more than 30%"

OK, here is the reason that this does not make sense
reading Tony Robbins "Master The Game"
. Since when does Tony Robbins give out good investment advice or properly quote others? Swensen may have said it, but there is more to the story...
by mickeyd
Sat Dec 24, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Reports First Wave Of 2016 Expense Ratio Changes
Replies: 9
Views: 2475

Re: Vanguard Reports First Wave Of 2016 Expense Ratio Changes

Thanks. I see that my PMMF and FMMF have reduced ER a notch or two. Less is more.
by mickeyd
Sun Dec 18, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4985

Re: Concept of Bogleheads needing to "Save more"

Save as much as you can now so that you can spend as much as you want later on. Makes sense to me.
by mickeyd
Sun Dec 18, 2016 4:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 13732

Re: How Did You Become A Boglehead? What Led You Here?

Interesting thread. It seems that there is no easy way to become a Boglehead. Fortune is difficult to capture. I was living in NJ in the late 70s and began to read and hear about this Guru living next door in PA. I read all that he wrote about and viewed numerous TV appearances that this Bogle fello...
by mickeyd
Wed Dec 14, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: "Twenty Ways To Tell If You're A Lousy Investor"
Replies: 57
Views: 6267

Re: "Twenty Ways To Tell If You're A Lousy Investor"

Whew... I was afraid to read the list for fear that I'd find myself in there. I see that I am not guilty of any of that stuff, though I have flirted with some of them in the past.
by mickeyd
Wed Dec 14, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4459

Re: What happens to those who don't invest?

If they don't change anything dramatically what will happen to them in the future? I keep reading articles that indicate that boomers are not saving for retirement. I have been reading these articles for well over 15 years. I used to scoff at them because we have saved and invested enough to have &...
by mickeyd
Tue Dec 13, 2016 3:49 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 13891

Re: How old is your vehicle?

2005 Camry and 2011 Corolla. Both low mileage and low maintenance.
by mickeyd
Sun Dec 11, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: Teaching a 401(k) class at work...need input
Replies: 17
Views: 1258

Re: Teaching a 401(k) class at work...need input

Hi Green-98, Hold up. Take a breath. Have you considered the consequences of making a suggestion, comment, or idea that will motivate others in your company to take action that later on will be proven to be incorrect and result in a loss of THEIR retirement money? Your good deeds would be replaced w...
by mickeyd
Sat Dec 10, 2016 2:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead's newest millionaire
Replies: 89
Views: 9146

Re: Boglehead's newest millionaire

Congrats Chris.

Keep investing. When future market corrections (there are more out there) occur you may have the pleasure of passing the milestone more than once unless you keep saving.
by mickeyd
Wed Dec 07, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU New Certificate Offering
Replies: 6
Views: 1475

Re: Navy Federal CU New Certificate Offering

Thanks for the heads up. NFCU has had some excellent CD rates the last few years.
by mickeyd
Sun Dec 04, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2210

Re: Is Federal Health Benefits Program A Good System?

I don't know if the federal program that is referred to includes the Military Tricare (I suspect not), but the government plan that I am part of is paid for by me and my fellow taxpayers and does not have to come our of corporate profits, so it's difficult to make comparisons.
by mickeyd
Sun Dec 04, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 4308

Re: Do You Consider Dividends As Income?

All income is income. Where is the confusion?
by mickeyd
Sun Dec 04, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying phone bills / cable bills with a credit card?
Replies: 10
Views: 2106

Re: Paying phone bills / cable bills with a credit card?

We charge all of our bills as long as there is not a fee attached to it. For example, our water and power companies are controlled by local government and charge an extra fee if you run it thru a CC. I pay those via ACH at not added cost. Cable/phone/internet are paid via CC.
by mickeyd
Sun Dec 04, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10755

Re: Feeling like you've "made it"

My thanks to warner25 for kicking off this interesting thread. Dr. Bernstein's oft quoted "If you've won the game, why keep playing?" should not be observed as hubris. I'm age 72 and have been investing since I was about 25 years of age. Seen a lot of ups and downs. Mostly ups. At some poi...
by mickeyd
Sun Dec 04, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do you save copies of your tax forms and supporting docs?
Replies: 27
Views: 2028

Re: How do you save copies of your tax forms and supporting docs?

I use TT software and retain all paper copies and supporting documents for seven years. Then I shred them when I add another new year to the stack in the attic. Note: I get a kick out of reviewing the 7 year old documents prior to shredding them and then burning that mass in the BBQ grill the next t...
by mickeyd
Sun Dec 04, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of going solo
Replies: 40
Views: 5210

Re: Thinking of going solo

Welcome here mostly-patient, You have received invaluable advice, assistance, and guidance from knowledgeable Bogleheads above. But do not forget that this is YOUR account and should reflect what you want. Most of us are refugees from other financial outposts other than Vanguard, but all ended up he...
by mickeyd
Sun Dec 04, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: Shocking Bogle quotes
Replies: 19
Views: 2461

Re: Shocking Bogle quotes

Nothing shocking here. Investment comments that Mr. Bogle wrote about 25 years ago in one of his earlier books is interesting to comment about today, but we should understand that investing has made huge changes over that time and his comments on the subject have also changed over time.
by mickeyd
Sun Dec 04, 2016 1:43 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 72
Views: 9235

Re: [favorite] Boglehead quotes

Mickeyd, It would be nice if you provided the source posts of your quotes. LadyGeek, It would be nice if you provided the actual quote you'd like to highlight in the linked post, along with the forum name of its author. Thanks in advance to both of you. :wink: The source was this forum and Taylor w...
by mickeyd
Sat Dec 03, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Whole Cash Value Life Insurance (65 Life)
Replies: 21
Views: 1317

Re: Northwestern Mutual Whole Cash Value Life Insurance (65 Life)

Welcome here Trama09, That Northwestern Mutual agent was a great salesman. You don't appear to need WL insurance. It may be time to consider the possibility that the money that you have spent so far on this policy may end up being what we call "cost of your investing education", tuition if...

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