Search found 3719 matches

by mptfan
Fri Aug 26, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: Schwab now offering low cost Target Date funds
Replies: 16
Views: 1155

Re: Schwab now offering low cost Target Date funds

They seem like worthwhile competition. Mind you, presumably the cost reductions are largely in response to Vanguard/Bogle and the giant sucking sound of assets headed into Vanguard. But still glad to see the trend, and good to see people competing with Vanguard on the low-cost front... Indeed. We a...
by mptfan
Wed Aug 24, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 101
Views: 5456

Re: How do you view debt?

Earl Lemongrab wrote:I don't spend a lot of time worrying about what other people do.

Neither do I.
by mptfan
Wed Aug 24, 2016 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 101
Views: 5456

Re: How do you view debt?

That being said I draw the line on depreciating assets, will only borrow if the rate is 0%. I still prefer the notion of purchasing a cheaper used car with cash vs. purchasing a new car with low interest like 0.9%. Sometimes I hear people justify a new car loan because the interest rate was 0% or s...
by mptfan
Tue Aug 23, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 101
Views: 5456

Re: How do you view debt?

Engineer250 wrote:The middle class simply can't keep up with this kind of tuition inflation.

I guess that depends on how you define "middle class."
by mptfan
Mon Aug 22, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5466

Re: Joint Accounts - How do you use it?

Not sure why people seem so determined to assume that having individual accounts is more work, more cumbersome etc.....when it just isn't :annoyed . It's not an assumption, it is a fact. If you did not have separate accounts, you would not have to perform two additional transactions each month ... ...
by mptfan
Thu Aug 18, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Are there any smart ways to pay off a credit card?
Replies: 27
Views: 2044

Re: Are there any smart ways to pay off a credit card?

michaeljc70 wrote:I agree. Credit cards are handy and almost necessary for some things (try renting a car without one).

Also try buying an airline ticket, or reserving a hotel room in advance, or checking in to a hotel.
by mptfan
Tue Aug 16, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5466

Re: Joint Accounts - How do you use it?

You are highlighting the reasons why practicing lawyers do not cite Wikipedia. First, the Uniform Fraudulent Transfer Act to which you referred has been superseded by the Uniform Voidable Transactions Act. http://www.americanbar.org/publications/probate_property_magazine_2012/2015/july_august_2015/2...
by mptfan
Tue Aug 16, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: moving my accounts to vanguard
Replies: 8
Views: 726

Re: moving my accounts to vanguard

Dale_G wrote:The US market is about 70% large caps, 20% midcaps and 10% midcaps.

I think you made a typo...the 10% is meant to be small caps.
by mptfan
Tue Aug 16, 2016 3:42 pm
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4140

Re: Someone wants to pay me to manage their finances

It's illegal for you to provide specific investment advice for money without getting licensed. https://www.kitces.com/blog/are-the-licensing-and-other-requirements-to-become-a-financial-advisor-too-easy/ Yes, but "advisors who wish to get paid a fee for their general advice can do so without b...
by mptfan
Tue Aug 16, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5466

Re: Joint Accounts - How do you use it?

But saying you can transfer assets to avoid a judgment after you are sued is also giving out wrong legal advice on your part. It is called fraudulent conveyance. You are again proving that you do not know what you are talking about. Fraudulent conveyance does NOT apply after you are sued, it only a...
by mptfan
Tue Aug 16, 2016 1:43 pm
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4140

Re: Someone wants to pay me to manage their finances

staythecourse wrote:I would be curious to see how much they would care about your lack of experience or certifications when the next 2008 rolls around.

Agreed. It's easy to be sanguine when the market keeps going up, but attitudes change when the stuff hits the fan.
by mptfan
Mon Aug 15, 2016 4:35 pm
Forum: Personal Consumer Issues
Topic: Are you on Facebook?
Replies: 144
Views: 7879

Re: Are you on Facebook?

squirm wrote:Our kid isn't old enough, but I plan on discouraging him from being on any social media.

Good luck with that. Are you going to discourage them from having friends too? I have teenage kids, and for them no social media effectively means no friends.
by mptfan
Mon Aug 15, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Post Office Boxes-Junk and prior renter's mail
Replies: 32
Views: 2019

Re: Post Office Boxes-Junk and prior renter's mail

The solution was a local entity, formerly Mailbox Etc, now a standalone operation. They will discard the junk and hold everything else, they will forward to a domestic address first class mail at my instructions (generally once a month) and all is good. I pay for the postage fr the forwarded stuff ...
by mptfan
Sun Aug 14, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5466

Re: Joint Accounts - How do you use it?

With asymetric risk, then separate accounts makes more sense to me, with more of the assets in the less risk person's name. You can't wait until you are sued, and then transfer assets, must be kept separate as an ongoing thing. You really should not be giving out legal advice that is wrong, or at a...
by mptfan
Sun Aug 14, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5466

Re: Joint Accounts - How do you use it?

This poll was done back when polls were allowed on this forum... https://www.bogleheads.org/forum/viewtopic.php?f=2&t=149856&hilit=joint+accounts+couple The results were: 59% of couples use only joint accounts, 31% use a combination of joint and separate accounts, and 10% use only separate a...
by mptfan
Fri Aug 12, 2016 6:14 am
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 12674

Re: Another look at corporate bonds

fyi Swensen in his book Unconventional Success Well-informed investors avoid the no-win consequences of high-yield fixed income investing . Larry That is not the statement to which I was referring, and you know that. I was referring to your belief that "bonds are for safety, investors should t...
by mptfan
Mon Aug 08, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4003

Re: Rick Ferri's Bond Portfolio

Dulocracy, I did not intend to be snarky, I asked those questions sincerely. I agree that there are a variety of opinions on this subject, but I do not agree that there is a clear majority of opinion on one side or the other, and I am not aware of any evidence of a clear majority opinion on this sub...
by mptfan
Mon Aug 08, 2016 9:28 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4003

Re: Rick Ferri's Bond Portfolio

Most bogleheads prefer to take their risk on the equity side of the portfolio... What is your basis for this conclusion? 1) That it is often stated on this website. Contrary opinions are often stated as well, and I am not aware of any poll or data that shows which opinion is held by most Bogleheads...
by mptfan
Mon Aug 08, 2016 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How important is it to have a will?
Replies: 16
Views: 1453

Re: How important is it to have a will?

I don't think you are crazy, but I need to point out that the promissory note between you and your mortgage lender (most people call the promissory note a "mortgage" even though it is not) has nothing to do with who would get the property after you died. You may or may not need a will to e...
by mptfan
Sat Aug 06, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4003

Re: Rick Ferri's Bond Portfolio

mhalley wrote:Most bogleheads prefer to take their risk on the equity side of the portfolio...

What is your basis for this conclusion?
by mptfan
Wed Aug 03, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: daves ramsey new ELPs [Endorsed Local Providers]
Replies: 37
Views: 3168

Re: daves ramsey new ELPs

That being said, he is often very contradictory on his show. He will tell a caller that if they owe a bill and have the means to pay it, they're morally obligated to do so. Then someone will call asking how to get out of paying debt collectors and he will call the hypthetical collector every name u...
by mptfan
Wed Aug 03, 2016 4:01 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 98
Views: 9826

Re: Suckered into Marriott Kauai Timeshare Presentation

I don't think it is a good idea to try to steal bait from a mousetrap. You are gambling that your sale resistance is higher than a good salesperson's skill. I have a friend who bragged about going to time-share presentations just to get the free dinner. She said "When they come to talk to me, ...
by mptfan
Tue Aug 02, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13064

Re: SSA MANDATORY cell phone based multifactor authentication

Am I correct in assuming that email account can have a Google Voice feature (for lack of a better term) that will receive text messages? If yes then could those text messages be forwarded by Google to a different email account like Outlook.com which I use all day (was called Hotmail but they change...
by mptfan
Tue Aug 02, 2016 12:15 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 139
Views: 14426

Re: What rate of return do you use when planning for retirem

alex_686 wrote:I suspect that your average return of 8% has a much lower geometric average return.

I agree. The geometric return of a series of fluctuating positive numbers, as compared to the average return, is, by definition, lower.
by mptfan
Tue Aug 02, 2016 12:10 pm
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 44
Views: 7978

Re: How long to turn 1 million to 2 millions for you?

duffer wrote:Long term on average, equities return just under 7% a year.

According to Vanguard, a 100% equities portfolio had an average annual return of 10.1% between 1925 and 2015.

https://personal.vanguard.com/us/insigh ... llocations
by mptfan
Mon Aug 01, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife form an S-corp?
Replies: 25
Views: 1579

Re: Should my wife form an S-corp?

Yet another myth. An S-Corp or LLC do not provide some magical liability protection. The liability protections of an S-Corp and to a lesser degree an LLC, are business liability protections. Neither of them provide much protection for the negligent personal acts of the owner. Exactly. This is a ver...
by mptfan
Mon Aug 01, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife form an S-corp?
Replies: 25
Views: 1579

Re: Should my wife form an S-corp?

wfromm wrote:Attorney's love to set up Corporations for the fee and Accountants love them for the additional tax prep revenue. I agree that it is not worth it and that she should just file Schedule C as a Sole Proprietor.

I agree. And I am an attorney.
by mptfan
Sun Jul 31, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Consumer Reports, how could you? [Investment Company Buying Guide]
Replies: 74
Views: 6427

Re: Consumer Reports, how could you?

The results of that survey highlight the difference between perception and reality. There are lots of people out there who perceive that they are getting good value when they are not, usually because they are being deceived, or because they are not well informed enough to know that they are not gett...
by mptfan
Sat Jul 30, 2016 7:27 am
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13064

Re: SSA MANDATORY cell phone based multifactor authentication

While some 2FA mechanisms are better because someone can't intercept the code as it is sent to you, they are all vulnerable to the type of attack where you are presented with a forged logon screen. If that forged logon screen also fakes the 2FA portion, you're still screwed. I was under the impress...
by mptfan
Fri Jul 29, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13064

Re: SSA MANDATORY cell phone based multifactor authentication

I prefer using a time based authenticator where it downloads a token only at the time of setting up 2-factor. From then you get your codes without any information being transmitted to you. How do you feel about physical security keys using U2F? In that case nothing is transmitted to you either, and...
by mptfan
Thu Jul 28, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13064

Re: SSA MANDATORY cell phone based multifactor authentication

I don't see how this can stand given the there are those that use web but don't have a cell phone. You don't need a cell phone to get texts, you just need a phone number and and internet connection. You can get a google voice number for free and get texts over the web, or have the texts sent direct...
by mptfan
Thu Jul 28, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard account security - creating a new username and password
Replies: 1
Views: 387

Vanguard account security - creating a new username and password

I have two factor authorization set up with Vanguard to send a security code if anyone attempts to access my account from an unrecognized computer. So if anyone (including me) tries to access my account from an unrecognized computer, they would need 1) my username, 2) my password, and 3) the securit...
by mptfan
Wed Jul 27, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: Two-factor authentication via text messaging
Replies: 18
Views: 1856

Re: Two-factor authentication via text messaging

Finally, all of these 2-factor systems are vulnerable to replay attacks. I.e., if someone wants to get into your Google account, they can spoof a Google login page, request both your password and the code from your authenticator, and then use those immediately to gain access to your account. If you...
by mptfan
Wed Jul 27, 2016 6:59 am
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 12674

Re: Another look at corporate bonds

saltycaper wrote:
mptfan wrote:
saltycaper wrote:I don't know all of the places it is written--probably not on subway walls and tenement halls--but definitely more places than books by Larry Swedroe.

Could you cite those places?


Not going to look it up to cite chapter and verse,

I see.
by mptfan
Tue Jul 26, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 12674

Re: Another look at corporate bonds

saltycaper wrote:I don't know all of the places it is written--probably not on subway walls and tenement halls--but definitely more places than books by Larry Swedroe.

Could you cite those places?
by mptfan
Tue Jul 26, 2016 3:50 pm
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 12674

Re: Another look at corporate bonds

More risk for sure. But so is our Stock Market holdings. And stocks are much riskier in my opinion, but nobody is saying don't own the market now , are they,... I agree. People who say that high yield corporate bonds are too risky are being inconsistent if they simultaneously hold stock funds becau...
by mptfan
Mon Jul 25, 2016 4:09 pm
Forum: Investing - Theory, News & General
Topic: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?
Replies: 178
Views: 9639

Re: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?

For heaven's sake, isn't 90% enough? Why is it so important to be at 100%? Is the extra 10% going to matter all that much? Why? This cuts both ways... if 10% does not matter all that much, why not just be at 100%? What is the point of having 10% bonds if it doesn't matter all that much, just keep i...
by mptfan
Sun Jul 24, 2016 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Applying for mortgage, better to pay zero interest debt?
Replies: 6
Views: 528

Re: Applying for mortgage, better to pay off low interest debt?

But paying off this loan would also significantly reduce my total debt and I worry that it would have a detrimental effect on my credit score. You are worrying about something that is not true. The amount of your total debt does not affect your credit score... ok, it can to a very small extent beca...
by mptfan
Thu Jul 21, 2016 2:48 pm
Forum: Investing - Theory, News & General
Topic: in a digital world, why does "cash" have a storage cost?
Replies: 22
Views: 1482

Re: in a digital world, why does "cash" have a storage cost?

liability. if the money is not there when you want to take it out, who is going to be responsible? i would not take on that responsibility if i am not getting paid for it. +1. In addition, the computer infrastructure used to store the "digital cash" is not free by any means. It would be i...
by mptfan
Thu Jul 21, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 55
Views: 5899

Re: Charles Schwab Checking + Brokerage Account

Great news; thanks! I wonder, can you bill pay out of the brokerage account as well? Yes, you can. My understanding is that Schwab has the capability of setting up the bill pay features on either the brokerage account or the bank account, but they do not allow you do set it up on both accounts at t...
by mptfan
Thu Jul 21, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: Discussing investing with spouse
Replies: 48
Views: 3788

Re: Discussing investing with spouse

Rupert wrote:Some people just want to be told what to do and don't care to learn about investments. They're just not interested, and you can't make them change.

+1. Fighting reality is a fool's errand.
by mptfan
Mon Jul 18, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 55
Views: 5899

Re: Charles Schwab Checking + Brokerage Account

RyeWhiskey wrote:I'm aware that you can do so from Schwab; I'm saying the inverse: moving cash from a credit union checking account INTO Schwab brokerage.

I edited my post to clarify that I have not done the inverse.
by mptfan
Mon Jul 18, 2016 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 55
Views: 5899

Re: Charles Schwab Checking + Brokerage Account

I'm not sure if you can transfer funds from a credit union (or bank) checking account into a brokerage account... I think that you can. I have not transferred from my credit union directly to my brokerage account, but I have transferred funds from my Schwab brokerage account directly to my credit u...
by mptfan
Mon Jul 18, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 55
Views: 5899

Re: Charles Schwab Checking + Brokerage Account

Keep in mind that you can simply open up a Schwab One brokerage account and enable the cash management features. These features include a debit card, free checks, and bill pay. Thank you for pointing this out. My views on banking and cash management has evolved recently... Not long ago I questioned...
by mptfan
Mon Jul 18, 2016 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Term Life
Replies: 14
Views: 1033

Re: State Farm Term Life

Do not buy any life insurance other than the typical term life policy. Avoid "return of premium" policies or any other such things that cost more money because it is always a bad deal for you. Always keep insurance and investing separate.
by mptfan
Mon Jul 18, 2016 1:03 pm
Forum: Investing - Theory, News & General
Topic: Long term bond funds
Replies: 26
Views: 2346

Re: Long term bond funds

This is thing what I'm trying to understand. Let's assume one is retired and interested in income. He has long term bonds fund what is paying more dividends, so this condition is met. Now, rate goes up. Nav goes down. But since one is not going to sell bonds, Nav not really important at the moment,...
by mptfan
Sat Jul 16, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: Mother was victim of online virus scam - How can she recover the money she paid?
Replies: 56
Views: 5191

Re: Mother was victim of online virus scam - How can she recover the money she paid?

jwblue wrote:What exact law did the company break with this scam?

None that I am aware of, it sounds like they charged a fee for a service rendered.
by mptfan
Fri Jul 15, 2016 10:27 am
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 12674

Re: Another look at corporate bonds

MPTFAN Higher yield isn't sufficient justification, you need to also look at how risks mix, and of course costs. Like I said, I find it hard to make an argument for including them when CDs are available, there just isn't any evidence to support it Larry, you are entitled to your opinion, but when y...
by mptfan
Fri Jul 15, 2016 9:16 am
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 209
Views: 12674

Re: Another look at corporate bonds

larryswedroe wrote:Hard to see the argument for them

Larry

It's quite easy to see the argument for them...corporate bonds pay higher dividends than treasury bonds. You may not agree with the argument, but I assume you can at least see it?
by mptfan
Fri Jul 15, 2016 9:09 am
Forum: Personal Consumer Issues
Topic: Passwords
Replies: 64
Views: 3794

Re: Passwords

If someone hacks your personal bank account, you would actually not be liable, assuming you took some care in protecting your log in information. It's not that simple. You have a limited period of time within which to report unauthorized activity to the bank, usually 60 days from the time you recei...

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