Search found 2126 matches

by ofcmetz
Sun Jul 03, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about son's finances/life
Replies: 41
Views: 7630

Re: Worried about son's finances/life

There are plenty of people in my family who have taken extended periods of time off and have not done anything but live off of other family members since. It sounds like he's being productive with his time and I don't think I'd be too worried based on what you said. Writing a book and working on a C...
by ofcmetz
Sun Jul 03, 2016 12:19 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 117
Views: 8430

Re: Fidelity lowers expense ratio of some index funds

I only use Fidelity for my taxable investing because of their nifty credit card (which is now a Visa). I'm exited that Fidelity and Schwab are trying to stay competitive with Vanguard on passive index fund costs. This is a good thing for the little guy investors.
by ofcmetz
Sun Jul 03, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 2976

Re: "Less is More"

There was an article in the WSJ this weekend about how a lot of 40K type plans are consolidating their funds into broader based index funds and leaving a brokerage window available to those who want to still pick from an almost infinite number of funds. Our deferred comp plan has always had this bro...
by ofcmetz
Mon Jun 27, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3087
Views: 682467

Re: U.S. stocks in freefall

I had this month's deferred comp deposit go in today. I was wishing for that to happen last Friday, but today things are even lower. Shows how hard it is to make money trying to put in at low points. The market could go down for the rest of the year or today could be the low (high) point. The only w...
by ofcmetz
Sat Jun 11, 2016 12:35 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11111

Re: What are your friends saying about you?

I / we save a lot. (We live on less than one salary and save / invest the rest) I appreciate everyone's thoughts and philosophy of what you'D like your friends to think of you I used to give an honest answer if someone asked me, but now I don't. I started doing so to prevent changes in relationship...
by ofcmetz
Fri Jun 10, 2016 10:11 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11111

Re: What are your friends saying about you?

Actually, we should all be taking four vacations a year. I don't think any of my grandparents have taken 4 vacations in their entire lifetime. I went on 4 vacations in the first 20 years of my life, but have started to go on them a little more frequently nowadays. Married 24 years, four kids, four ...
by ofcmetz
Fri Jun 10, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11111

Re: What are your friends saying about you?

I really hope that they aren't talking about me behind my back. ;) Seriously, it's obvious to the cops I work with that I make one of the higher family incomes at the department and don't spend all the money on vehicles and crap. We have the ability at my department to look up each other's salary as...
by ofcmetz
Fri Jun 10, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury low yield
Replies: 45
Views: 3898

Re: 10 Year Treasury low yield

My Traditional Fund paying 3% and my stable value fund paying 2.45% are starting to look really good. I'm evaluating holding any Intermediate Term Bond Index Funds right now and just using those two for my fixed income.
by ofcmetz
Mon Jun 06, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: What would a Boglehead do? [401(k) contributions vs. paying off loans]
Replies: 42
Views: 2686

Re: What would a Boglehead do?

I'd expect my daughter to help with some of her earnings. I agree with others that I'd just contribute to get the match and put everything else towards the debt and rebuilding a cash emergency fund. Life gets in the way of our plans sometimes. (I was just told that my home AC is on the fritz. sigh)....
by ofcmetz
Tue May 31, 2016 1:06 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional account or intermediate term bond index?
Replies: 23
Views: 1736

Re: TIAA Traditional account or intermediate term bond index?

We split the difference between TIAA Traditional and a Intermediate bond index for our fixed income. We feel like we win either way.
by ofcmetz
Tue May 31, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: Max 401k before 529 for college purposes?
Replies: 21
Views: 977

Re: Max 401k before 529 for college purposes?

I don't think there is much point using a 529 plan unless you are maxing your 401K and ROTH IRA. They have better tax advantages and flexibility in my opinion. If you get towards college time and your retirement is funded then great. You can then back off and pay some college out of pocket. If it's ...
by ofcmetz
Fri May 27, 2016 4:47 am
Forum: Investing - Theory, News & General
Topic: WSJ article: Illinois pension fund adopting Boglehead philosophy
Replies: 19
Views: 2509

Re: WSJ article: Illinois pension fund adopting Boglehead philosophy

In other news, ofcmetz is adopting the new Illinois pension fund philosophy.
by ofcmetz
Fri May 27, 2016 4:35 am
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question. update
Replies: 75
Views: 11102

Re: The Great 100 thousand dollar pension question.

Just a little update. I'm about 3 years now from normal retirement now (age 36). The state pension is about as funded and secure as it was when I made this purchase in 2014. Our family investment portfolio is now slightly higher than it was before we transferred the 100K to the state pension for the...
by ofcmetz
Fri May 27, 2016 4:20 am
Forum: Investing - Help with Personal Investments
Topic: 401k fees
Replies: 4
Views: 463

Re: 401k fees

My deferred comp 457B governmental plan is chock full of really cheap index funds. To pay for this they charge 18 basis points (0.18%) fee on the first $50,000 invested. I'm OK with paying a small expense fee if it gives me access to good index funds. The other poster is right, most active manage fu...
by ofcmetz
Fri May 27, 2016 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa rewards card question
Replies: 26
Views: 2201

Re: Fidelity Visa rewards card question

True story on text notification: My friend was eating in a restaurant and paid the bill with his credit card. He got the text notification. Then a moment later he got another text notification for the same restaurant but for a higher amount. A discussion ensued with the manager that was becoming he...
by ofcmetz
Fri May 27, 2016 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Visa
Replies: 10
Views: 1488

Re: Fidelity 2% Visa

I'm still using the Fido AmEx. I'm assuming I'll be transitioned in the next few weeks.
by ofcmetz
Fri May 27, 2016 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Is Real Estate Market going crazy again?
Replies: 101
Views: 10184

Re: Is Real Estate Market going crazy again?

It's interesting to read how different things are around the country. Here in southeastern Louisiana things are much more calm. You can still get all the house you need for a family at around 250K or less. Of course I never noticed the housing bubble in the mid-2000's either. I live in one of the be...
by ofcmetz
Tue May 24, 2016 3:58 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 4778

Re: What was your first investment?

I bought Wal-Mart stock while employed there in college in 1998ish. I remember selling this stock along with some of my wife's Home Depot stock to help pay for our wedding and honeymoon. I haven't bought any individual stocks since then.
by ofcmetz
Tue May 24, 2016 3:55 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 62
Views: 5515

Re: Bernstein says emergency fund part of your "asset allocation?"

I've alway kept my "emergency fund" in cash in a bank savings account. Of course my entire investment portfolio becomes my emergency fund depending on how much I need. I would probably liquidate a ROTH IRA first and then go from there. Having something in cash or taxable investments that y...
by ofcmetz
Thu May 12, 2016 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Let's talk wristwatches
Replies: 158
Views: 26358

Re: Poll: Let's talk wristwatches

Just curious if anyone wants to update this thread their input as it is few years old. With the advent of cellphones, are watches passe? It seems the Apple watch overall is a bit of a flop.. are smartwatches any better than traditional? I wear a beater Casio around the house and a nice Citizen Eco-...
by ofcmetz
Tue May 03, 2016 11:00 pm
Forum: Investing - Theory, News & General
Topic: Dow 100,000
Replies: 33
Views: 5406

Re: Dow 100,000

The Dow should get to 100,000 at some point, but no one can really say when. I for one think it will be sooner rather than later. (This prediction is worth what you have paid for it.)
by ofcmetz
Tue May 03, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 99
Views: 7013

Re: How many funds in your portfolio?

Let's see.

We have money in:

S&P 500
Total Stock Market US
Total International Stock Market
Small Cap Index
Intermediate Term Bond Index
TIAA Real Estate
TIAA Traditional

So the answer is 7.
by ofcmetz
Sun Apr 17, 2016 4:04 am
Forum: Investing - Theory, News & General
Topic: Everyone Worries Too Much About 'Black Swans'
Replies: 39
Views: 4396

Re: Everyone Worries Too Much About 'Black Swans'

...In my case it is better for me to be 100% invested in the stock market & use any black swans as a opportunity to buy more stocks that are on sale. Buy more with what? The nature of the black swan is that you'll lose at least your job, maybe your health, maybe your life. This isn't just theor...
by ofcmetz
Sun Apr 17, 2016 3:57 am
Forum: Investing - Theory, News & General
Topic: A look at private equity, the research, and a better benchmark
Replies: 10
Views: 1134

Re: A look at private equity, the research, and a better benchmark

A very nice article on investing in private equity. Thanks. I liked this quote. My own view is that it reflects the triumph of hype, hope and marketing over evidence and wisdom. Larry Swedroe I think people are willing to make an investment in private equity just to be able to say that they did. It'...
by ofcmetz
Sun Apr 17, 2016 3:48 am
Forum: Investing - Theory, News & General
Topic: Did the brokers just get lucky?
Replies: 16
Views: 2685

Re: Did the brokers just get lucky?

U.K. Boglehead here. None of my family or friends invest in the stock market due to perceived risk. The U.K. Is a property obsessed country. Probably the most obsessed in the world. In London most people are massively beating their earnings every year with house price increases. It is probably a bu...
by ofcmetz
Fri Apr 08, 2016 3:41 am
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 48
Views: 5594

Re: What is Your Bond Allocation & Location

We use only two funds right now for our fixed income. In her 403B we have the Vanguard Intermediate Term Bond Index fund. In my 403B we use the TIAA Traditional Fund. Fixed income is only about 20% of our portfolio and is split between these two funds.
by ofcmetz
Fri Apr 08, 2016 3:37 am
Forum: Investing - Theory, News & General
Topic: Are you planning to leave an "estate"?
Replies: 74
Views: 7655

Re: Are you planning to leave an "estate"?

I suspect we will leave something behind, but we haven't given it much thought. We are in late 30's and kids still 10 and under. I can't see us spending all our money and wealth, but there is so much unknown. I like reading about people who give some away while they are still around to enjoy the giv...
by ofcmetz
Mon Mar 14, 2016 4:22 am
Forum: Investing - Theory, News & General
Topic: Late Starters
Replies: 61
Views: 5706

Re: Late Starters

I started my current job at age 19. I still feel like I started late because I didn't do any serious investing until I was 25. It's all a matter of perspective I think. I'm 36 now and feel like the old guy at work sometimes.
by ofcmetz
Sun Mar 13, 2016 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Any experience with VRBO? [Vacation Rentals By Owner]
Replies: 16
Views: 2451

Re: Any experience with VRBO?

I only have experience with it from the renting side. I've been renting vacation condos and homes in several states through VRBO since 2009. I've probably done about 20 rentals through the site in 4 different states. I usually leave reviews of the condos or houses I rent as well. It's been my go to ...
by ofcmetz
Sat Mar 12, 2016 4:56 am
Forum: Personal Finance (Not Investing)
Topic: Do most of you plan to retire "full-time"?
Replies: 126
Views: 11647

Re: Do most of you plan to retire "full-time"?

That is, go from being a thrifty, no-Starbucks, pavement pounder for 30 years into watching Arsenio reruns 7 hours a day? You know, that description makes me almost glad that I'm pretty sure that retirement is probably unattainable for me -- that sounds awful. I've thought about what I would do if ...
by ofcmetz
Mon Mar 07, 2016 4:43 am
Forum: Investing - Theory, News & General
Topic: Poll: Active Funds in Which You Invest
Replies: 76
Views: 4995

Re: Poll: Active Funds in Which You Invest

HurdyGurdy wrote:TIAA Traditional
TIAA Real Estate

"I" series bonds -- if you consider them active.


^This is exactly my answer.
by ofcmetz
Sun Mar 06, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: "A Radical Investing Idea: Do Nothing, Nada, Zilch"
Replies: 8
Views: 2062

Re: "A Radical Investing Idea: Do Nothing, Nada, Zilch"

I read this article this morning. I agree that Target Date Funds are good choices for many investors. Several of my coworkers have no interest in investing knowledge. That's ok for them, because they just deposit some from each paycheck into our excellent target date funds in the 457B and move on wi...
by ofcmetz
Fri Mar 04, 2016 5:02 am
Forum: Personal Consumer Issues
Topic: housing: am I just being too picky?
Replies: 60
Views: 6812

Re: housing: am I just being too picky?

All of the above minus the RV parking is real common in the city I live in southeast Louisiana. We aren't know for having the nicest parks though but lots of houses in my neighborhood have swimming pools and yards big enough to through a baseball or kick your soccer ball. My style of neighborhood is...
by ofcmetz
Fri Mar 04, 2016 4:57 am
Forum: Personal Consumer Issues
Topic: yet another fitness thread
Replies: 60
Views: 4948

Re: yet another fitness thread

I don't warm up before strength training. But I'm no expert. I usually lift as much as I can for 8 to 12 reps per set. I do strength training about 3 times a week and try to hit all muscle groups.

Of course I don't get to warm up before most foot chases and fights on my job either.
by ofcmetz
Fri Mar 04, 2016 4:48 am
Forum: Personal Consumer Issues
Topic: Oil change - Auto shop or DIY
Replies: 125
Views: 9460

Re: Oil change - Auto shop or DIY

I've always changed my own oil. Why? Probably because it's something I always did with my dad growing up. It takes me about 15 minutes per vehicle as I own the ramps and tools. I don't think it really save me much money, but it's pretty easy. I buy oil at Walmart in 5 quart containers. (Vehicles: 20...
by ofcmetz
Fri Mar 04, 2016 4:41 am
Forum: Investing - Theory, News & General
Topic: Just lost 4.08% on Forever stamps.
Replies: 63
Views: 7382

Re: Just lost 4.08% on Forever stamps.

Stay the course. Keep buying stamps according to your SPS. (Stamp Policy Statement).

I avoid international stamps and only buy US stamps.
by ofcmetz
Tue Mar 01, 2016 7:27 pm
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 26
Views: 3678

Re: How long should I wait for Vanguard to respond?

It's been one week since I asked a pretty simple question about an issue through the secure message system. I'll call early next week if I don't get the answer. It took 8 days for them to respond. They answered my question and helped me solve the problem I was having. I'm satisfied with the service...
by ofcmetz
Tue Mar 01, 2016 5:25 am
Forum: Investing - Theory, News & General
Topic: Ken Heebner bites the dust
Replies: 19
Views: 4792

Re: Ken Heebner bites the dust

Thanks for the article Larry. Thanks Nisi for the fine followup. It amazes me how just owning the market can sometimes get us so far ahead. I'd be OK if owing total market index funds just kept up with active managed funds because I knew no one else was getting rich from charging me excessive fees. ...
by ofcmetz
Sat Feb 27, 2016 10:16 pm
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 26
Views: 3678

Re: How long should I wait for Vanguard to respond?

It's been one week since I asked a pretty simple question about an issue through the secure message system. I'll call early next week if I don't get the answer.
by ofcmetz
Fri Feb 26, 2016 4:58 am
Forum: Investing - Theory, News & General
Topic: Why invest in international?
Replies: 31
Views: 3634

Re: Why invest in international?

International returns have been rough the last decade, but that really means nothing going forward. Many times its actually better to buy equities after a period of bad returns as you are getting more for your money. I like owning international for the diversification it provides. I don't really exp...
by ofcmetz
Fri Feb 26, 2016 4:45 am
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 6942

Re: What withdrawal % are you planning on?

2.5% is what I'm planning on. Of course I may be in my 40's and will have a police pension to go with it.
by ofcmetz
Fri Feb 26, 2016 4:43 am
Forum: Investing - Theory, News & General
Topic: [Vanguard announces 3rd round of Expense Ratio reductions]
Replies: 43
Views: 3943

Re: A little gift from Vanguard - lower ER for VTIAX

It's always nice to save a few basis points here and there. Thanks Vanguard.
by ofcmetz
Tue Feb 23, 2016 5:19 am
Forum: Investing - Theory, News & General
Topic: Staying disciplined requires knowledge of financial history
Replies: 5
Views: 1233

Re: Staying disciplined requires knowledge of financial history

I couldn't agree more Larry. It is so much easier if you take time to learn what has happened in the past with regards to financial history. A serious investor needs to take the time to read some financial history. Thanks for the post.
by ofcmetz
Tue Feb 23, 2016 5:16 am
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9367

Re: personal savings rate vs the general population

Don't worry. We are far from a world where everyone saves like they are going to retire at 55 or 65. Once you get past about 10% of gross going towards long term investing, then you start passing most up.
by ofcmetz
Tue Feb 23, 2016 5:08 am
Forum: Personal Finance (Not Investing)
Topic: When does saving rate take back seat to dollars?
Replies: 18
Views: 1984

Re: When does saving rate take back seat to dollars?

I'm presently saving $43,000 annually in tax advantaged accounts. This represents about 25% of household gross income (which some would consider low) but in nominal dollars represents a large sum; more than the gross income of many in the US. At what point does the percentage no longer matter? I'm ...
by ofcmetz
Sat Feb 20, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing a windfall
Replies: 18
Views: 2665

Re: Investing a windfall

Me, I'd probably average it all in over 6 months to a year.

Although if you average in, then the market will steadily go up all year. If you lump it in right now then the market will crash right afterwards. :twisted:
by ofcmetz
Sat Feb 20, 2016 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch Private Wealth Advisor
Replies: 38
Views: 3699

Re: Merrill Lynch Private Wealth Advisor

If I somehow woke up and found myself with 20 to 50 million in investable assets then I'd still be happy to use Vanguard and Fidelity and keep the difference I saved in fees. I'd also assumed my wife bought a lottery ticket. OP, you bay benefit from a financial plan that you pay a one time fee for, ...
by ofcmetz
Fri Feb 19, 2016 4:52 am
Forum: Personal Finance (Not Investing)
Topic: Amex Blue raised my interest rate to 29.5%?!
Replies: 19
Views: 2687

Re: Amex Blue raised my interest rate to 29.5%?!

No one should be paying interest on credit card debt. Use the card for the cash back and special offers. Never carry a balance.
by ofcmetz
Fri Feb 19, 2016 4:50 am
Forum: Personal Finance (Not Investing)
Topic: Where I Am Now - What would you do as first step?
Replies: 15
Views: 1992

Re: Where I Am Now - What would you do as first step?

First step, get a job.

Second step, maybe get a second one depending on how much time the first one takes.
by ofcmetz
Fri Feb 19, 2016 4:47 am
Forum: Investing - Theory, News & General
Topic: Extreme saving with low returns - not worth it?
Replies: 71
Views: 9059

Re: Extreme saving with low returns - not worth it?

I would practice moderation. It's better to work less for longer while saving a bit less in my opinion.

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