Search found 4353 matches

by mickeyd
Tue Aug 08, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 5802

Re: Vanguard Money Market vs. Savings Accounts

I currently have cash in PMMF (1.10%) as well as Ally online (1.15%). (Both rising.) Also have cash in CDs @ NFCU and Ally. In addition I consider my STBF @ VG as cash. Spread it around and rake in the cash.
by mickeyd
Mon Jul 31, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: A Secret of the Index Fund’s Success?
Replies: 25
Views: 3186

Re: A Secret of the Index Fund’s Success?

I long ago realize that I was not smart enough to locate the best individual stocks or actively managed mutual funds to throw my hard-earned money at. So, I decided to own the entire market and be satisfied with whatever it gave me.

Simplicity.
by mickeyd
Sun Jul 30, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Equal Parts Small, Mid, Large Cap Indexes
Replies: 56
Views: 3227

Re: Equal Parts Small, Mid, Large Cap Indexes

Alexa9 wrote:Why is market weighted index (Total Stock Market) preferable to equal parts small, mid, and large cap indexes?
Or even small value, mid value, and large value since the value factor is even larger than the size factor?
Simplicity.
by mickeyd
Sun Jul 30, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 59
Views: 6088

Re: What are your monthly expenses?

My retirement income is about $4K more than my monthly expenses. The rest I save for fun. Simplicity.
by mickeyd
Sun Jul 30, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 1985

Re: Should i diversify from Vanguard?

benign_user wrote:Some fund manager making me lose money through either incompetence or theft.
You are probably overthinking this. Take a nap.
by mickeyd
Sun Jul 30, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do I Have Enough In My Emergency Fund?
Replies: 22
Views: 2913

Re: Do I Have Enough In My Emergency Fund?

Vanguard Federal Money Market Fund. I am however considering upping the amount. Yet I am not sure how much and if I should put it elsewhere
You might want to consider the PMMF which is yielding 1.10% (FMMF is 0.92%). An increase in 18bps is there for the taking.
by mickeyd
Sun Jul 30, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 1985

Re: Should i diversify from Vanguard?

Should I diversify and invest through other firms?
What benefit would you gain by this action?
by mickeyd
Thu Jul 20, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 33
Views: 3699

Re: My favorite CNBC program

The Profit.

Ml is a great taskmaster..."I'm 100% in charge."
by mickeyd
Wed Jul 19, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10663

Re: % bogleheads of overall population

The trick is to listen and digest all of this info on the site, while "staying the course". There are many opportunities here with the Boglehead world to tinker a bit too much
You got it. Welcome here retiringwhen.
by mickeyd
Sun Jul 16, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2593

Re: 2017 RMD Timing

Been taking RMD for a few years and generally think that taking it in December is best. Last year about this time the equity market was near the all-time high so I decided to take 50% of my RMD and 50% later on. Later on TSM price was still higher. This year (now) S&P500 is again at all-time high. I...
by mickeyd
Sun Jul 16, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Index Fund vs SP 500
Replies: 25
Views: 2606

Re: Total Stock Index Fund vs SP 500

indexonlyplease wrote:I understand that the total index fund and SP500 returns are really close.

Question: lf the large companies in the SP 500 are down for the next 10 years and the mid and small caps are up for the next 10, does this mean the total stock index with have a better return the the SP 500????
It depends.
by mickeyd
Sun Jul 16, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10663

Re: % bogleheads of overall population

The average # of unique visitors per day
Who qualifies as a unique visitor Mel?
by mickeyd
Sat Jul 15, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10663

Re: % bogleheads of overall population

I am sure that there are hundreds of thousands of our fellow citizens that have a Boglehead sense about them, but have not been shown the way here. Remember, at one time none of us were BHs, but still had a sense that investing by using low-cost funds like VG just made sense. It's still a # <1% of t...
by mickeyd
Sat Jul 15, 2017 1:40 pm
Forum: Investing - Theory, News & General
Topic: 50% Cash, 50% Stocks: The Opportunistic Portfolio
Replies: 43
Views: 4371

Re: 50% Cash, 50% Stocks: The Opportunistic Portfolio

About 5 years ago I stumbled into my current AA of 45/45/10. It's been a very smooth ride for us since we are backed up by DB plans that provide income streams that pay all of our monthly expenses. At one time I was 95/5 and was happy in my ignorance of what risk really was.

Fun with numbers...
by mickeyd
Wed Jul 12, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 84
Views: 12482

Re: Ally Bank - Savings Account Rate Increased!

I try to keep between $5,000 and $10,000 in checking to cover routine and not so routine travel expenses
That seems unnecessary. If you charge everything to your CC, you can stash that $10K in your Ally account and have them exchange it to your checking account w/i a couple of days as needed.
by mickeyd
Sat Jul 08, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Illinois Partial Year tax increase
Replies: 19
Views: 2827

Re: Illinois Partial Year tax increase

Illinois just passed a tax increase from 3.75% to 4.95% retroactive to July 1st.
If you can escape quickly, there is still room in Texas for a few more of you.
by mickeyd
Sat Jul 08, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 11932

Re: "Bond wipeout has just begun"???

1. Select an AA that fits your needs.
2. Stay the course.

Any questions? Refer them to Jack Bogle.
by mickeyd
Sat Jul 08, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Ally 11 month no penalty CD
Replies: 7
Views: 926

Re: Ally 11 month no penalty CD

I moved a bunch from Ally online to this CD. No brainer.
by mickeyd
Wed Jun 28, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1727

Re: Any Reason to Stay With USAA?

I have been a USAA member for almost 50 years (HO/Auto) but I no longer invest with them. I moved it all to Vanguard years ago. No brainer.
by mickeyd
Wed Jun 28, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: Retiree in need of new FA
Replies: 3
Views: 573

Retiree in need of new FA

Tim Duncan (#21 SA Spurs) finally gets his day in court. Judge suggests an alternate investment scheme. Simplicity often works. I"n good-old 20/20 hindsight, if Mr. Duncan had taken the $24 million and bought a government bond at 2 or 3 percent interest, he’d still have the $24 million and...he...
by mickeyd
Tue Jun 27, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: New military officer. Is the Roth TSP the obvious choice?
Replies: 37
Views: 3245

Re: New military officer. Is the Roth TSP the obvious choice?

I am familiar with a number of medical-related MOS officers who began as field grade officers. I once served in a unit that had a direct commissioned colonel (O-6) as commander. Good soldier. Good doc.
by mickeyd
Sun Jun 25, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 56
Views: 7000

Re: Your Favorite Vanguard Fund

TSM...
by mickeyd
Sat Jun 24, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Bay Area housing
Replies: 69
Views: 6277

Re: Bay Area housing

I live in the Bay Area


There are a lot of bays is this country. What bay are you referring to?
by mickeyd
Sat Jun 17, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account Advice
Replies: 8
Views: 999

Re: Retirement Account Advice

I picked 5% money market just in case of a great depression I might still have something


You might consider moving that Federal MMF cash to the Prime MMF. The PMMF had a 1.01% 7 day yield the last I checked.
by mickeyd
Sun Jun 11, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to leave Matson Money?
Replies: 7
Views: 952

Re: How to leave Matson Money?

My FA is a 'friend' so that is a whole other issue I will have to deal with


Don't worry about that. It's your money isn't it?
by mickeyd
Wed Jun 07, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 8249

Re: Dave Ramsey Financial Peace University ??? worth it?

You can probably learn more about financial matters by just reading most BH posts. Save your money and invest the rest for your future.
by mickeyd
Wed Jun 07, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put cash for ST needs?
Replies: 17
Views: 1455

Re: Where to put cash for ST needs?

The last time that I checked the PMMF had a 7day yield of 0.98%. Probably on the rise also. But, no FDIC coverage.
by mickeyd
Sun May 28, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 52
Views: 8174

Vanguard's Irritating Perch On Moral High Ground

[Thread merged into here, see below. --admin LadyGeek] Interesting insight into Vanguard and it's corporate strategy situation. This is why many of us are on board. There isn’t anything really unusual about Vanguard. If you’ve ever taken a business strategy course, it’s just a low-cost producer, no...
by mickeyd
Sat May 27, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: How many investment companies to have money in?
Replies: 41
Views: 3830

Re: How many investment companies to have money in?

what's the harm in having 2-3 statements instead of one at the end of the year, for the benefit of "diversification?" Life is full of risks that we all need to address in our own way. Why not 5-6 statements? Why not 10? Just have enough cash available elsewhere to get you over any bump in...
by mickeyd
Fri May 26, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: How many investment companies to have money in?
Replies: 41
Views: 3830

Re: How many investment companies to have money in?

I have all of my invested funds @ Vanguard.

Simplicity.
by mickeyd
Fri May 26, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Second Thoughts on Whole Life Insurance <1 Year into it - Advice???
Replies: 52
Views: 3905

Re: SECOND THOUGHTS on Whole Life Insurance <1 Year into it - ADVICE???

Does this seem like a good financial plan?


Probably is a good financial deal for your insurance agent. For you? Not so good. Your choice.
by mickeyd
Sun May 14, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 4140

Re: How much to tip movers?

I have moved a half-dozen times and don't recall if I ever tipped on any of those moves. I probably have one more move in me. Should I tip before, after or both ends for my next move?
by mickeyd
Sat May 13, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 5953

Re: Vanguard's safest all-equity fund

I don't know about "safest." We all have our own definition, I think. There is always risk involved with equities. It's the nature of the beast. The Total Stock Market Index (TSM) fund includes about 4000 stocks. That's my choice for reasons too many to list here. It regularly beats 75%+ o...
by mickeyd
Thu May 11, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's ELP's pay him to not understand investment fees
Replies: 24
Views: 2745

Re: Dave Ramsey's ELP's pay him to not understand investment fees

He says that you can expect a 12% return from an all stock portfolio tilted heavily towards growth.

He says that an 8% withdrawal rate is safe for retirees.


I have been surprised that someone does not sue Dave. Yea, I know...free speech etc. 8-)
by mickeyd
Sun May 07, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: PMMF 2% FEE~Possible
Replies: 2
Views: 333

PMMF 2% FEE~Possible

I read the following regarding PMMF in the 2/28/2017 Semiannual Report. "A fee of up to 2% may be imposed by the fund board on the sale of shares if the fund's weekly liquid assets fall below specified thresholds of the total assets...The fee would reduce the dollar amount you receive for your ...
by mickeyd
Sat Apr 29, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street is on FX tonight - Worth watching???
Replies: 29
Views: 3116

Re: The Wolf of Wall Street is on FX tonight - Worth watching???

I recall seeing the "cleaned up" version a while ago and it had certain vulgarities silenced and had "black boxes" where certain female body parts (the good ones) were supposed to be.It was better in the theater. As I recall, Jordan Belfort has a bit part near the end of the flic...
by mickeyd
Sat Apr 29, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX)
Replies: 24
Views: 4014

Re: Vanguard Prime Money Market Fund (VMMXX)

As mentioned earlier, you will always pay taxes on any interest earned. IRS is good about getting its pound of flesh. I recall (as do many others) when PMMF had a yield of 5%+ and led the field. As it dropped below 1%, I moved my savings to Ally online (pays 1.05% now I believe). I can see me jumpin...
by mickeyd
Sat Apr 29, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 527
Views: 206017

Re: TV show recommendations?

F A R G O

As mentioned before, best show on TV for the last few years.
by mickeyd
Thu Apr 27, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 14
Views: 1265

Re: CCRC Tax Deduction?

I have a copy of a memo from a CCRC that we are considering regarding this topic. "The portion of these fees allocable to medical care by independent living residents has been determined in accordance with the percentage method, under which the ratio of total expenses allocable to resident medi...
by mickeyd
Mon Apr 24, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 41050

Re: Larry Swedroe says "Goodby."

Say it ain't so Larry!
by mickeyd
Mon Apr 24, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: Are CCRCs a good deal? [Continuing Care Retirement Community]
Replies: 30
Views: 3144

Re: Are CCRCs a good deal?

It is only going to get worse as the number of elderly explodes in this country over coming years. That is the understatement of the generation. DW and I will be taking the CCRC trail soon. We have looked @ numerous places and attended dog-n-pony shows galore, along with tasty lunches. Our deposit ...
by mickeyd
Sat Apr 22, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 84
Views: 12482

Re: Ally Bank - Savings Account Rate Increased!

MNGopher wrote:So, if you have a million with Ally, you will make an extra 5 hundred this year? :?
If you have a million with Ally, you'd be smart to move $750,000 to another bank since only $250 is FDIC insured.
by mickeyd
Sat Apr 22, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 28
Views: 4418

Re: Ally Bank Just Raised 5yr CD to 2.25%

A bit OT, but VGs PMMF is has a SEC yield of 0.93%.
by mickeyd
Wed Apr 19, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Mens Blue Jeans - What are we buying now?!
Replies: 86
Views: 8996

Re: Mens Blue Jeans - What are we buying now?!

The best place I can locate that sells jeans for about $5 is Goodwill. They have easily 1000 pair in a local store.
by mickeyd
Wed Apr 19, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 28
Views: 4418

Re: Ally Bank Just Raised 5yr CD to 2.25%

All of the banks should be playing to game soon. It's worth my while to wait a bit.
by mickeyd
Mon Apr 17, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: "Vanguard's free RMD Service: Sign up before you turn 70½"
Replies: 23
Views: 2949

Re: "Vanguard's free RMD Service: Sign up before you turn 70½"

I have my IRA @ VG and do not use this service. I take my RMD around the end of the year and VG sends me a notice entitled "Required Minimum Distribution Confirmation Summary" each January advising me of my RMD requirements for the year. I use that as a guide when taking my distribution on...
by mickeyd
Sun Apr 09, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Front-end loads
Replies: 21
Views: 2189

Re: Front-end loads

I recently moved my and my wife's ROTH IRAs from American Funds to Vanguard


Welcome here mmecham,

Most Bogleheads have learned to consider past financial errors as a cost of our financial education. Now that you are on-board with VG, you may wish to do the same.
by mickeyd
Tue Apr 04, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Cost of Booze on a Cruise
Replies: 68
Views: 7501

Re: Cost of Booze on a Cruise

My wife and I are taking a Holland America Baltic Sea cruise June (2017). We have not been on a cruise before and are wondering about the cost of wine and beer by the glass. HAL provides costs for various packages but I don't see cost per single drink. Also, I am wondering whether they offer craft ...
by mickeyd
Sat Apr 01, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: Why are tax-exempt money market yields so high?
Replies: 25
Views: 5486

Re: Why are tax-exempt money market yields so high?

With a yield of 0.71%, it still does not compare favorably with a simple online account (FDIC insured) @ Ally that has an APY of 1%.