Search found 13 matches

by rhornback
Mon Mar 20, 2017 12:32 am
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 43
Views: 2819

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: 43
Views: 2819

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. :happy 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 ref...
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: 4766

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: 4766

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: 4766

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: 4766

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: 4766

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. :wink: 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 b...
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: 4766

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: 4766

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: 4766

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: 4766

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: 4766

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: 4766

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...

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