Search found 4284 matches

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: 11662

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: 1590

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: 5931

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: 518

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: 11662

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: 949

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: 354

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: 2128

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: 1282

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: 775

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: 746

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: 633

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: 26
Views: 2387

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: 2258

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: 670
Views: 16234

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: 6221

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: 4268

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: 2436

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: 4835

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: 138
Views: 10371

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: 6208

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: 4328

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: 13448

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: 1221

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: 8847

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: 1426

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: 2147

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: 4163

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: 1934

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: 10579

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: 1974

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: 5123

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: 2400

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: 70
Views: 8766

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: 1224

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...
by mickeyd
Sun Nov 27, 2016 5:08 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 15142

Re: Retirees: Where are you going for income?

SS, RMD, pensions, disability, and TSM quarterly dividends provides me with enough.
by mickeyd
Sun Nov 27, 2016 3:50 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 9468

Re: What was your Asset Aloocation before and after retirement?

Interstingly (and somewhat worrisome) is this doesn't seem to match anyone else's description so far :oops:


Could it be that we all have different plans? Different needs?
by mickeyd
Sat Nov 26, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Stupid question on Emergency Fund
Replies: 21
Views: 3263

Re: Stupid question on Emergency Fund

Welcome here cresive,

By setting aside a cash reserve (EF?) an investor lessons the effect of a sudden market flux at the exact time that cash may be needed for something else. Yes you give up a certain amount of possible profit, but you lower your overall risk.
by mickeyd
Sat Nov 26, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 9468

Re: What was your Asset Aloocation before and after retirement?

When we hit another bear market,


When do you predict that to be? How will you identify the correct time to act?
by mickeyd
Sat Nov 26, 2016 12:16 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 9468

Re: What was your Asset Aloocation before and after retirement?

When I retired 10+ years ago my AA was 70/30. I slowly changed it eventually to 60/40 over a few years. It is now 45/45/10. I expect it to stay there a long time.
by mickeyd
Thu Nov 24, 2016 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: rollover ira [what to invest in]
Replies: 14
Views: 1166

Re: rollover ira [what to invest in]

Consider the Total Stock Market Index (TSM) for part (all?) of your equity allocation. It preforms like the S&P 500 idx however it contains 4000+ stocks, thus more diversification.
by mickeyd
Wed Nov 23, 2016 8:16 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Contest leaders as S&P 500 Index makes new high
Replies: 17
Views: 2752

Re: Boglehead Contest leaders as S&P 500 Index makes new high

I'm sittin pretty @ #193 just waiting to pounce on those 192 other pretenders just above me. :shock:
by mickeyd
Sun Nov 20, 2016 2:31 pm
Forum: Personal Consumer Issues
Topic: Online Account Security Questions
Replies: 30
Views: 2490

Re: Online Account Security Questions

After many years of changing passwords I find that using a phrase or sentence that is easily memorable to me works best. MNIM#AILB would work for me as it is easy to recall "My name is mickeyd and I love Bogleheads".
by mickeyd
Sun Nov 20, 2016 2:22 pm
Forum: Investing - Theory, News & General
Topic: Choosing a bond fund based on personal income, salary.
Replies: 5
Views: 802

Re: Choosing a bond fund based on personal income, salary.

I'm just looking for a general idea, You live in MI (which I believe has a state income tax). I live it TX which has none. No general rule would ever work for either of us. Read as much as you can on the subject, break out pencil and paper (or calculator), do some stubby-pencil work and see what ap...
by mickeyd
Sun Nov 20, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Synchrony vs Ally
Replies: 37
Views: 3572

Re: Synchrony vs Ally

Both Ally and Synchrony are FDIC banks. Online accounts at ALLY yield 1.00% and Synchrony is at 1.05%, I believe. Both APYs can change overnight, up or down. CD rates come and go as the bank need cash. Nothing wrong with jumping from bank to bank chasing CD rates after your time is up. I use Ally, b...
by mickeyd
Sun Nov 20, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 3998

Re: Whole life - 7 "pithy" questions to ask the salesman

Even though it is not required for life insurance, as it soon will be with most retirement products, I would ask~ "Are you a fiduciary?"
by mickeyd
Sun Nov 20, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Random Question on Automated Payments
Replies: 2
Views: 316

Re: Random Question on Automated Payments

My question is this: Do I need to halt automatic payments with American Funds Like VG, AF can not read your mind and would rather continue to get your contribution than ignore the obvious. Call them and ask how you immediately stop the process. Keep a note of who you spoke to @ AF in case the proce...
by mickeyd
Fri Nov 18, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund vs cash for taxable account
Replies: 6
Views: 747

Re: Bond Fund vs cash for taxable account

I have 25k in a savings account that is earning 1.05% interest.


Hi james1,

When do you plan on spending this $25K? If you plan on spending it soon, then keep it in cash. If longer term, maybe a ST bond fund would work or a muni-fund. You get to decide what "soon" means.
by mickeyd
Fri Nov 18, 2016 5:08 pm
Forum: Personal Consumer Issues
Topic: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"
Replies: 78
Views: 8880

Re: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"

Elon Musk seems to be the guru of millions of millennials today. He's a brilliant guy who thinks he can find a way to control the rays of the sun. Why not?
by mickeyd
Fri Nov 18, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best Cashback CC for "general" uses?
Replies: 27
Views: 3016

Re: What's the best Cashback CC for "general" uses?

I'm not a general, but I have used Discover card for 30+ years and probably will continue to use it for 30 more. I use my $4-500 annual cashback to reduce my monthly bill. Easy peasy, lemon squeezy.

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