Search found 3965 matches

by mptfan
Tue Aug 22, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 15
Views: 768

Re: I did it and feel great about it (paid off mortgage)

Congratulations! It is a good feeling that you can't (or shouldn't) really share with most people because you come across as bragging.
by mptfan
Tue Aug 22, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Good Salary/No debt - not sure where to go from here
Replies: 7
Views: 1202

Re: Good Salary/No debt - not sure where to go from here

From what I have seen, complex solutions is exactly what this place excels at. If you want a pile of yes answers to do whatever you like, then Yahoo answers or somewhere like that would probably be more appropriate. Amen to that. As a Boglehead, I will be the first to admit that we have our faults ...
by mptfan
Wed Aug 16, 2017 3:04 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 106
Views: 14405

Re: Revealing Usernames

... my observation is that there is a significant generational shift going on around this sentiment. Increasingly, the younger generation has no expectation of or desire for privacy. Many put everything on the Internet, and we can't save everyone from themselves. If they want to make these disclosu...
by mptfan
Tue Aug 15, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4232

Re: 27y/o w/ 150k debt buying 685k house

Did your friend ask for your advice?
by mptfan
Mon Aug 14, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Bough gift cards from cash card.com and somebody else used them all
Replies: 25
Views: 2749

Re: Bough gift cards from cash card.com and somebody else used them all

cherijoh wrote:
Sat Aug 12, 2017 9:54 am
I think you only have 60 days from purchase to lodge a dispute with your credit card company.
The 60 days starts to run from the time the billing statement was sent, not from the date of purchase.

https://www.consumer.ftc.gov/articles/0 ... rd-charges
by mptfan
Sun Aug 13, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 65
Views: 6861

Re: Dave Ramsey spends two segments on his investing advice

It's always been my policy that if your net worth is below zero, listen to Dave Ramsey, and if it's above zero, listen to Bogleheads. Someone could have a house valued at $300,000 and $100,000 in credit card debt and they would have a net worth above zero, but I would still recommend that they list...
by mptfan
Fri Aug 11, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: Be aware of Project Fi phone buy service
Replies: 26
Views: 1813

Re: Be aware of Project Fi, Google sometimes is evil

You think iPhone is any better? If you have an issue with an iPhone under its 1 year warranty, sure Apple will give you a replacement. But it will be a refurb too, per Apple's policy. Exactly. This happened recently to someone in my family, they got a refurbished iPhone as a replacement under the w...
by mptfan
Tue Aug 08, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 8444

Re: news yesterday that Buffett has 100,000,000,000 in cash now

selftalk wrote:Maybe he`s waiting for a correction to buy as he cannot find any value in today`s market.
I doubt that Buffett would ever use the word "correction" to describe activity in the stock market.
by mptfan
Fri Aug 04, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21234

Re: A poll: How much money do you want to retire?

Having been retired now for six years , my spouse and I have found that what we thought we "Needed" to be comfortable in retirement is FAR from what we spend,to be more than comfortable,and pretty much do what we want with our time. Can you clarify this? Do you mean that you spend far less than you...
by mptfan
Wed Aug 02, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21234

Re: A poll: How much money do you need to retire?

I am confused because the title of the thread asks how much do you need, but the post asks how much you want. Which one is it?
by mptfan
Mon Jul 31, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 8745

Re: How to calculate your retirement number

Once I'm in my 60s, I would start thinking about retiring even using a 5% withdrawal rate (I can hear people gasping now). Life is finite, I don't want to work forever. It's safe enough to last 30 years (using a 60/40 portfolio) about 75% of the time. If it does fail, it typically does in the final...
by mptfan
Sun Jul 30, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 8745

Re: How to calcuate your retirement number

Take my annual expenses (averaged over the last 5 years), multiply by 1.25%, round that number up to nearest $5,000 (so $63,750 becomes $65,000), and multiply that number by 40 to get a minimum retirement number. Ok, I'll try this. Let's say my annual expenses are $60,000, I multiply that by 1.25% ...
by mptfan
Thu Jul 27, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 6831

Re: Post Nuptial agreement guaranteeing alimony?

celia wrote:...this whole discussion is a mute point to me.

I think you meant moot point.
by mptfan
Wed Jul 26, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice on Credit Card Debt
Replies: 38
Views: 2014

Re: Need Advice on Credit Card Debt

A good friend of mine just broke down and told me he has accumulated $24,000 in credit card debt and does not have the money or pension ability to pay it off. ... I paid off the two highest interest bills and made him a "loan" for that amount so he can pay me at a tiny interest amount, bu...
by mptfan
Wed Jul 26, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 4700

Re: Why not Schwab instead of Vanguard?

Schwab has a good total stock fund and a good total bond fund (just started a year ago). Their international fund is ok for what it is, but it is not a total total international. The cost differences, where they exist, are too tiny to matter. They don't have much other than that (except a couple of...
by mptfan
Tue Jul 25, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Characteristics of Physicians
Replies: 24
Views: 2190

Re: Financial Characteristics of Physicians

People with book smarts (Dr's , Lawyers, PhD's, etc etc) are the biggest targets to ingest the "investing is complicated" myth and that you need 20+ mutual funds because "this is super duper top secret stuff that only super duper smart people have the chance to invest in". I mea...
by mptfan
Tue Jul 25, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbours Land
Replies: 30
Views: 2105

Re: Driveway On Neighbours Land

Carefreeap wrote:Make sure you contact a real estate attorney ASAP because there may be a statue of limitations.

This made me laugh as I am imagining a statue somewhere that depicts limitations. :D
by mptfan
Fri Jul 21, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3892

Re: Investing well for Retirement can be frustrating

To put things in perspective: Until recently, even the most powerful monarchs did not have indoor toilets. Kings, emperors, czars, and shahs would envy Bogleheads' thrones. Indeed. They also did not have hot running water, or internet, or smartphones, or central air conditioning, or electricity...t...
by mptfan
Thu Jul 20, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3892

Re: Investing well for Retirement can be frustrating

One day you will walk in to work, maybe you'll be 55, maybe 63... Then you'll leave and that will be that. You'll keep in touch with some of them, or they'll see pictures of you on Facebook. But you'll be done and they'll all wonder while they drive to work in their leased Merecedes Benz E-Class &q...
by mptfan
Mon Jul 17, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4028

Re: Is the Total US Stock Market too concentrated?

jbolden1517 wrote:Its like the joke about a spherical horse on a frictionless planet.

That's a classic!
:confused
by mptfan
Sat Jul 15, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 17849

Re: How are folks handling the unprecedented rise in the market ?

What do you mean by "unprecedented?" The market has risen before, so what is different about this time?
by mptfan
Fri Jul 14, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bond Website?
Replies: 35
Views: 2066

Re: Corporate Bond Website?

grabiner wrote:For example, Vanguard High-Yield Corporate currently yields 4.70%...

That's the SEC yield, the distribution yield is 5.36%.
by mptfan
Fri Jul 14, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to keep Wife's Inheritance Separate
Replies: 11
Views: 1554

Re: How to keep Wife's Inheritance Separate

Purpose311 wrote:My wife is very understanding and she basically says don't worry about it, but I want to do what's right.

Did you consider that following your wife's advice is doing what is right? It's your wife's inheritance and you should respect her wishes, I don't see it as more complicated than that.
by mptfan
Fri Jul 14, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 5395

Re: Stocks and Bonds both declining.

To be sure it is the worst annual result jan1-dec31. It is not the worst 12-month return. Besides, it is enough to go back to 1969 to find a -8.1% result for the total bond market even confining ourselves to calendar years. Thesaints: I would appreciate learning the source of your "-8.1%"...
by mptfan
Mon Jul 10, 2017 3:26 am
Forum: Investing - Theory, News & General
Topic: Talk me out of long term bonds
Replies: 26
Views: 2139

Re: Talk me out of long term bonds

New investor question. Why are long term bonds ok in this case? Typically I read on this forum to stay away from them. I challenge whether the "typical" advice is to stay away from long term bonds. There is a diversity of opinion on the subject, and I think the typical advice is to match ...
by mptfan
Sun Jul 09, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 5395

Re: Stocks and Bonds both declining.

Bonds got beat up pretty bad due to inflation... That's not true of all bonds. Inflation is close to 2% right now, and Vanguard's Long Term Investment Grade fund (VWESX) is paying a dividend yield of 4%, double the rate of inflation. Vanguard's total bond market fund is paying a dividend of 2.3%, a...
by mptfan
Sun Jul 09, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?
Replies: 49
Views: 4734

Re: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?

jambadoc wrote:Remember that a percentage of that money (based on your marginal tax rate) will essentially be refunded to you on your mortgage tax deduction.

That is not necessarily true, most people do not itemize their deductions and therefore get no benefit from the mortgage interest tax deduction.
by mptfan
Sun Jul 09, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: Talk me out of long term bonds
Replies: 26
Views: 2139

Re: Talk me out of long term bonds

welderwannabe wrote:I know the general feeling is to stay out of long term bonds due to their potential volatility

I don't think this is true either, there is a diversity of opinion on the merits of holding long term bonds. I like long term bonds, so I am not going to talk you out of them.
by mptfan
Sun Jul 09, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Talk me out of long term bonds
Replies: 26
Views: 2139

Re: Talk me out of long term bonds

welderwannabe wrote:I know the general feeling is to stay out of long term bonds due to their potential correlation with equities...

What you "know" is not correct. I am not aware of a general feeling to stay out of long term bonds due to their potential correlation with equities.
by mptfan
Sat Jul 08, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How are you a leader in personal finance?
Replies: 29
Views: 3264

Re: How are you a leader in personal finance?

I think most of us are leaders in the area of personal finance... I am not sure that the premise of your statement is correct. In order to be a leader you need followers, and I get the impression that many Bogleheads keep to themselves about their philosophies on handling money and investments and ...
by mptfan
Fri Jul 07, 2017 4:45 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 5395

Re: Stocks and Bonds both declining.

Bonds got beat up pretty bad due to inflation... That's not true of all bonds. Inflation is close to 2% right now, and Vanguard's Long Term Investment Grade fund (VWESX) is paying a dividend yield of 4%, double the rate of inflation. Vanguard's total bond market fund is paying a dividend of 2.3%, a...
by mptfan
Tue Jul 04, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Anyone bought a Pixel?
Replies: 46
Views: 4278

Re: Anyone bought a Pixel?

My wife has the Pixel and I have the Pixel XL. We love them. Best camera on a phone I've seen by far, including the recent iphone (excluding the portrait mode). Also the best Android phone you can get for everyday use in my opinion (if you prefer Android over Apple). Samsung makes a much prettier s...
by mptfan
Fri Jun 30, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 6284

Re: Contractor took deposit but never did any work. What next?

I don't understand people who are willing to let a five-figure sum disappear without a fight. Any lawyer who does any work with corporations/construction law should have been familiar with these resources. I am not even from Texas and know most states have these resources. Knowing that online resou...
by mptfan
Fri Jun 30, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to change banking and credit card periods to end of month?
Replies: 12
Views: 853

Re: How to change banking and credit card periods to end of month?

I tried to do this before a long time ago as well, and I my general recollection is that some credit card issuers allow customers to change the billing period cut off dates and some do not.
by mptfan
Fri Jun 30, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 7813

Re: Can you share some of your financial goals?

WoodSpinner wrote:Here are mine from my Retirement Policy Statement
[list]Goals (priority order):
1. Retire while the two of us are still young and healthy enough to travel, enjoy life, volunteer, and experience the joy of being active grandparents.

May I ask what age that is?
by mptfan
Thu Jun 29, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Lending people "things"
Replies: 28
Views: 1637

Re: Lending people "things"

Many years ago I lent a book to a friend, and when the friend returned the book to me I noticed that he had highlighted various passages throughout the book using a yellow highlighter. We are no longer friends.
by mptfan
Thu Jun 29, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Lending people "things"
Replies: 28
Views: 1637

Re: Lending people "things"

I don't feel comfortable offering an opinion without knowing what the "thing" is.
by mptfan
Thu Jun 29, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth - thanks to this site
Replies: 15
Views: 3623

Re: Net worth - thanks to this site

Congratulations.
by mptfan
Tue Jun 27, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find a financially like-minded significant other?
Replies: 140
Views: 8770

Re: Where to find a financially like-minded significant other?

TNL wrote:When you make $120K a year, but you have $120K a year going out the door, you can't save for the future.

It's even worse when you make $120k a year and you have $130k going out the door.
by mptfan
Tue Jun 27, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your dividends?
Replies: 16
Views: 1626

Re: Do you check your dividends?

InvestorNewb wrote:Sometimes I notice the amount that I receive is off by 1 or 2 cents maximum.

That sounds like rounding.
by mptfan
Fri Jun 16, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 6284

Re: Contractor took deposit but never did any work. What next?

A contractor once told me he needed a check as deposit to pay for the materials up front, mid 4 figures, I told him I would meet him at the supplier and pay for the materials, he said no, he needed the money up front, I said no, I'm not willing to do that. He left. I think I dodged a bullet.
by mptfan
Wed Jun 14, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: What growth rate for your projection calcs?
Replies: 31
Views: 2773

Re: What growth rate for your projection calcs?

I start out with 8%, and gradually decrease each year to 5% during retirement.
by mptfan
Tue Jun 13, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 12979

Re: Who takes financial chances and why is this forum so financially conservative?

But I also look at the giant pile of money I'm aiming for versus how I plan to spend it and wonder if I'm crazy. I do think that a 2.25% withdrawal rate is way too low, that means you saved too much and are spending too little (in my opinion). But that's just my opinion, and your money is not my mo...
by mptfan
Fri Jun 09, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corporate Fund Investor Shares VWEHX
Replies: 47
Views: 4109

Re: Vanguard High-Yield Corporate Fund Investor Shares VWEHX

VaR wrote:... the yield premium you get for taking the extra credit risk is small relative to the yield spreads we've seen historically.

Stated differently... the market pays a risk premium for investing in high yield bonds, but the risk premium is lower now than it has been historically.
by mptfan
Thu Jun 08, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corporate Fund Investor Shares VWEHX
Replies: 47
Views: 4109

Re: Vanguard High-Yield Corporate Fund Investor Shares VWEHX

Also - the wiki itself seems to make many more negative comments about them - and very few position - such as: Due to the high risk of this asset class, investors could very easily choose not to include it at all in their portfolios. Certain commentators even argue that the risks are unlikely to be...
by mptfan
Thu Jun 08, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corporate Fund Investor Shares VWEHX
Replies: 47
Views: 4109

Re: Vanguard High-Yield Corporate Fund Investor Shares VWEHX

DaftInvestor wrote:That said, most bogleheads don't believe in high-yield bonds -

Why do you say that? Have you done a survey? I'm not sure that is true, Bogleheads hold a variety of views on high yield bonds.
by mptfan
Sat May 27, 2017 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Second Thoughts on Whole Life Insurance <1 Year into it - Advice???
Replies: 52
Views: 3726

Re: Second Thoughts on Whole Life Insurance <1 Year into it - Advice???

Dump it, cut your losses, and move on. Be thankful that you got out after only one year. No, it does not make sense to keep paying just because you got suckered for the first year... google "sunk cost fallacy." Also, the person who sold you the whole life policy is NOT a financial advisor,...
by mptfan
Fri May 19, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 16046

Re: My dad is taking Social Security at 62, why would anyone not?

TimeRunner wrote:They're not screwed, they're dead, and therefore it makes no difference to them. There are probably no regrets after death, but YMMV of course.

Exactly. I hope there are no regrets after death, that would be awful!