Search found 37 matches

by rhornback
Sun Aug 27, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7378

Re: School Redistricting - What should we do?

I have another point to add that I find so interesting it is funny. Where we went to grade school there were kids who were in advanced math and advanced English classes. These kids would go to the high school before normal school hours to get 'advanced training'. When I found out about this I said t...
by rhornback
Sun Aug 27, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7378

Re: School Redistricting - What should we do?

I want to chime in some observations on my life. Two years ago I sold my house that I had lived in for 15 years. This was a new subdivision most of which was in a desirable school and a small portion that was not. What is interesting is when I sold in this subdivision the houses in the less desirabl...
by rhornback
Mon Jul 24, 2017 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Master bathroom remodel- what to spend?
Replies: 15
Views: 1709

Re: Master bathroom remodel- what to spend?

Have you considered a few items that might make your bathroom look dated that could be a quick update? For example 1. Pull the counter tops and put in granite 2. Change the fixtures if they are chrome to nickle finish (the faucet, the shower (if you can get it to fit), the towel racks, the lights (i...
by rhornback
Thu Jul 20, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 540

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

Here's my understanding. In the 25% tax bracket, sometimes a taxable bond will be better and sometimes a tax-exempt bond will do better. It changes with time, interest rates, and other stuff. You looked at 5 year returns, but if you look at the current SEC yield, the difference is not nearly as gre...
by rhornback
Thu Jul 20, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 540

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

You certainly don't want to use 5-year return as the input to a tax-adjusted analysis of tax-exempt versus taxable bond funds because that return includes capital changes, which if positive and realized are taxable in both funds. You want to use yield as a comparison. The SEC yields of the two fund...
by rhornback
Thu Jul 20, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 540

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

Bumping this topic as it is now 8 AM CST U.S. time. Thanks!

Thank you in advance for your advice.
by rhornback
Thu Jul 20, 2017 1:15 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 540

VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

Thank you for everyone's posts. I have enjoyed finding and reading this web site. I did search for this topic before posting. I have been moving some of my funds into bonds as I have read a lot about asset allocation on bogleheads. When I invest I generally look at 5 year returns. VWIUX (intermediat...
by rhornback
Fri Jul 14, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 7462

Re: 90:10 AA - what don't you believe about it?

One thing that I under emphasized in this discussion is the question about how much capital do you have. For example, for Warren Buffet. If he gives his wife 50 mil upon his death and them does a 90/10 split. That is 45 mil S&P 500 and 5 mil short term securities. The 5 mil is short term securities ...
by rhornback
Sun Jun 25, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Worth it to attempt repair on A/C condenser?
Replies: 33
Views: 2378

Re: Worth it to attemp repair on A/C condenser?

...Be careful - if the capacitor is working it will be charged and careless tinkering will discharge it, with potentially unfortunate results for adjacent electronic circuitry and humans. ... Very important point above, and just to emphasize, if the capacitor is working at all , even not well enoug...
by rhornback
Thu May 18, 2017 6:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3964
Views: 1053758

Re: U.S. stocks in freefall

Tamalak wrote:I feel like, as with forest fires, it's healthy for stocks to have 10% dips on a regular basis to clear out the 'weak money'


+1 I am going to try to remember this.
by rhornback
Thu May 18, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3964
Views: 1053758

Re: U.S. stocks in freefall

I've taught my wife to be a good Boglehead who stays the course and doesn't think about market turbulence. I told her that we lost about $60k today with the market decline. She said, "Good, that means we have a lot of money." Good way to think about it. Sounds like she's a smart lady. My ...
by rhornback
Thu May 18, 2017 6:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3964
Views: 1053758

I am a buyer at 10% decline

Yesterday the market (I look at the S&P 500) was down I believe around 1.8%.

I have some dry power and a 10 year time horizon. At 10% I am a buyer and every additional 5% down from there.

Here is hoping for an exciting week!

:beer
by rhornback
Tue May 16, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 3125

Re: Retirees afraid to spend? (Bloomberg)

It's a manifestation of the alternative gloom & doom facts that these folks see in their daily intake of media. Previous generations were blissfully unaware of unimportant noise and hysteria. +1 This does seems worse than when I grow up (or maybe I was not paying attention then). But yes my par...
by rhornback
Mon May 08, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

I sold all my bonds last week. I'm 95 stock and 5 cash. I could lost half and still live well. Remember I own the S&P, total stock, health fund, primecap and face book. 40+ years of investing I've seen it all. The only this is I'm putting my dividends into cash. I'm 64 I am in a similar situati...
by rhornback
Mon May 08, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

I just wanted to jump in and say that I am following this thread with great interest. I'm a bit older, having just turned 50. I have a high paying job that many people can choose to do into their 60s or even 70s if they wish to do so. Many in my profession are able to do fractional levels of work, ...
by rhornback
Mon May 08, 2017 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

I just wanted to jump in and say that I am following this thread with great interest. I'm a bit older, having just turned 50. I have a high paying job that many people can choose to do into their 60s or even 70s if they wish to do so. Many in my profession are able to do fractional levels of work, ...
by rhornback
Sun May 07, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

Thanks artistotelian - I definitely will continue giving it a lot of thought. I'm not at the point of making a decision yet, just trying to inch closer to one. In terms of interest rates, maybe I don't understand bonds as well as I thought I had - my understanding is that my interest amount is lock...
by rhornback
Sun May 07, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

On a side note, I consider my job (both my wife and I work) as a hedge against both inflation and market drops. Hopefully we will get wage increases during times of inflation. And if the market takes a tumble I am assuming we can live off one salary until it recovers. I am assuming a 10 year worst ...
by rhornback
Sun May 07, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

One thing that I do not see being discussed here, or that much on Bogleheads.org when it comes to asset allocation is the possibility of dividend paying stocks which IMO provide a middle ground between stocks and bonds. Specifically the vanguard high dividend yield mutual fund. The last time I check...
by rhornback
Sun May 07, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

One thing I want to add is that bonds can get clobbered during times of high inflation. If the bond pays 3% and inflation goes to 5% the value of the bond goes down. I do not consider bonds risk free investments. At risk of sounding smug, I feel it has been so long since we have had hyper inflation...
by rhornback
Sun May 07, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 7638

Re: Solid justification for including all stocks & NO bonds?

One thing I want to add is that bonds can get clobbered during times of high inflation. If the bond pays 3% and inflation goes to 5% the value of the bond goes down. I do not consider bonds risk free investments. At risk of sounding smug, I feel it has been so long since we have had hyper inflation ...
by rhornback
Fri Apr 07, 2017 6:50 am
Forum: Investing - Theory, News & General
Topic: Syria: maybe the market will take a tumble today
Replies: 11
Views: 1475

Re: Syria: maybe the market will take a tumble today

The stock market hates uncertainty. With the risk of appearing to be a troll: A 10% correction would be nice. I got some dry powder and I am in a buying mood. I guess I am not above buying from somebody else's suffering... Should be an interesting ride today (at least I hope so). Looking here: http...
by rhornback
Fri Apr 07, 2017 5:32 am
Forum: Investing - Theory, News & General
Topic: Syria: maybe the market will take a tumble today
Replies: 11
Views: 1475

Syria: maybe the market will take a tumble today

The stock market hates uncertainty.

With the risk of appearing to be a troll: A 10% correction would be nice. I got some dry powder and I am in a buying mood.

I guess I am not above buying from somebody else's suffering...

Should be an interesting ride today (at least I hope so).
by rhornback
Wed Apr 05, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Spending - is it illegal, or otherwise "bad?"
Replies: 71
Views: 6911

Re: Manufactured Spending - is it illegal, or otherwise "bad?"

Sometimes I prepay my comcast internet bill for 6 months in order to make the spending limit to get a credit card bonus. You might try that. Works with almost all utilities: phone, internet, cable, gas, electric. They are happy to get your money in advance.
by rhornback
Mon Mar 20, 2017 12:32 am
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 89
Views: 10163

Re: Best place to get eyeglasses / no vision insurance

The expensive, careful, experienced optician teamed with my optometrist of 25-30 years in the same office. I tried Lenscrafters a few times during about a 10 year period, and had several bad experiences ranging from mis-grinding the lenses, to egregiously bad advice about lens material in response ...
by rhornback
Mon Mar 20, 2017 12:24 am
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 89
Views: 10163

Re: Best place to get eyeglasses / no vision insurance

Just got a couple pair form Walmart, Nikon lens Titanium frame 20% off 2nd pair. 1st pair priced very very reasonable. I second this. I got a pair for my daughter last summer which turned out to be 1/2 the cost of visionworks or sears. This came with a mid line lens which I think had non reflective...
by rhornback
Sun Mar 19, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

rhornback wrote: I am not expecting to need the equities for 10 years. What will you need the equity for in 10 years? If it's for retirement spending, then you have to be careful of a bad sequence of events, meaning you probably do not want to be 80% equity and experience a big market drop when nea...
by rhornback
Sun Mar 19, 2017 6:00 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

I assume most on this board are aware of the rule of 72. Basically you take your investment return percentage times the number of years. You double your money when they equal 72. So if you made 7% on your money in 10 years, you should double your money. Or at 10% it would be 7 years. At least theore...
by rhornback
Sun Mar 19, 2017 5:52 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

One of the ironic reasons of not making large changes even with the overlap is I do not want to incur large capital gains taxes. This is a typical situation in taxable space. One thing you can do is direct all distributions to the fund(s) you wish to increase in allocation. This is also very good a...
by rhornback
Sun Mar 19, 2017 5:50 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

OP, If you really mean that the college money is in cash, have you looked at tax breaks for contributing to a 529 in your state? In our state, we can deduct however much we contribute to the 529, which can be a several percent savings, which probably beats a CD's rate. I live in Illinois where my t...
by rhornback
Sat Mar 18, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

I'll take the bait and say that you're just a LITTLE bit of an idiot. First, a middle-of-the-road, not-too-conservative/not-too-aggressive asset allocation for you at age 48 would be 62/38 stocks/safe assets, using an "age-minus-10" rule that is popular here. If your question had been &qu...
by rhornback
Sat Mar 18, 2017 6:39 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

Thank you to the poster who indicated I may be over-allocated is Health Care due to the 500 index and Primecap. And due to vtclx and vtsax. It is not hurting you to own vfiax, vtclx, and vtsax together, but vtclx corresponds to roughly 90% of the largest holdings of vtsax, and vfiax corresponds to ...
by rhornback
Fri Mar 17, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

Interesting that you are willing to borrow at 3.5% mortgage yet are unwilling to lend anyone at 1% ?! Presumably you are comfortable having your cash at a bank, or two banks. Why not just saunter over to their local branches and place the cash in CDs? Because I feel the interest rate is not high en...
by rhornback
Fri Mar 17, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

OP, If you really mean that the college money is in cash, have you looked at tax breaks for contributing to a 529 in your state? In our state, we can deduct however much we contribute to the 529, which can be a several percent savings, which probably beats a CD's rate. I live in Illinois where my t...
by rhornback
Fri Mar 17, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

With regard to 80% stocks, that seems like a lot to me, and it's the place I'd raise the biggest question. During 2008-2009 were you 80% in stocks and did you have a lot of very serious money, hard-earned and hard-saved, that got cut in half? You say you are "not expecting to need the equities...
by rhornback
Fri Mar 17, 2017 5:23 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

Re: I am in US equities and cash. Am I an idiot?

Thanks for everyone's replies. Food for thought. I looked at Vanguard's site and I am about 80% in stocks and 20% in cash. I am not very good at investing my cash. It is at TD Ameritrade and 5/3 Bank. I am sure I am earning less than 1%. I have been dollar cost averaging some of my cash into vanguar...
by rhornback
Thu Mar 16, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5504

I am in US equities and cash. Am I an idiot?

I guess I am welcoming myself up to criticism with a subject like this. I am in US equities, overweight in large caps, and the rest in cash. My cash cushion is maybe 20% of my portfolio. I am not expecting to need the equities for 10 years. As indicated I am mostly in U.S. large caps. Vanguard: S&am...