Search found 6886 matches

by tibbitts
Fri Nov 17, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Libraries and EULA/copyright restrictions
Replies: 2
Views: 255

Libraries and EULA/copyright restrictions

In another thread we discussed libraries and appropriate (or not) use of borrowed software and electronic copies of borrowed books. I said I'd open a new thread to avoid hijacking that one, so here it is. I've now done perhaps twenty minutes of research on this and have found some applicable law fro...
by tibbitts
Fri Nov 17, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 3904

Re: Draft a will with legalzoom or other online legal help

As as long as we're talking about legal expertise, another legal question: are you sure you can have that Willmaker software on your computer? Or the Willmaker book for that matter? There are probably two different legal issues involved - the EULA for the software, and the copyright (and first-sale...
by tibbitts
Fri Nov 17, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: Holding VTSAX only
Replies: 28
Views: 2555

Re: Holding VTSAX only

My thought is that it's a better idea than keeping all your money in a 0% bank account. That doesn't make it a good idea, and it isn't, but you didn't want people to tell you that.
by tibbitts
Fri Nov 17, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: Renting a car from Atlanta GA to Austin TX: $$$
Replies: 31
Views: 1280

Re: Renting a car from Atlanta GA to Austin TX: $$$

I am planning a road/fishing trip, starting from Atlanta, ending in Austin. Roughly 3 weeks long. The cost of a 3-way flight from my home to Atlanta, then Austin to my home is very reasonable. BUT I hadn't realized that renting a car across states is so expensive. I get hammered by a $400 drop char...
by tibbitts
Fri Nov 17, 2017 7:29 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 138
Views: 8336

Re: The 4% rule DOES fail but still makes sense!

First, I can meet about 25-33% of my spending needs from SS. Even when I have to take >4% from my 401k due to RMD's, I don't need to spend it all to meet my spending needs. Some of that money gets reinvested. Second, I consider the risk that long-term care (LTC) will sharply reduce or deplete my re...
by tibbitts
Fri Nov 17, 2017 7:18 am
Forum: Investing - Theory, News & General
Topic: Goldman Sachs mulls the death of the value factor
Replies: 18
Views: 1859

Re: Goldman Sachs mulls the death of the value factor

In general shouldn't the underperformance of value for the last decade or so intuitively make one much more not less excited to invest in a value strategy? Or have there been a lot of people making the argument that growth outperforming value is the new normal (as opposed to value continuing to out...
by tibbitts
Thu Nov 16, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 3904

Re: Draft a will with legalzoom or other online legal help

I just prepared wills for my wife and I using Quicken Willmaker Plus. Some people on here seem to think there are some magic words only an attorney knows, or something complicated about preparing a will. They may be correct if you have some special circumstances. If your situation is straightforwar...
by tibbitts
Wed Nov 15, 2017 10:41 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2174

Re: Do you subscribe to taking risk only on the equity side

No. As others have pointed out no one actually believes this. If someone is taking any credit or term risk in their bonds (for instance by holding TBM) then they obviously believe some kinds of risk are worth taking on the bond side. At that point it just becomes an argument about which risks are w...
by tibbitts
Wed Nov 15, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2174

Re: Do you subscribe to taking risk only on the equity side

No, I don't subscribe to taking risk only in equities, and I'm smarting from the recent junk mini-nosedive, but hanging in there. Having said that, everybody is reacting to the extraordinary interest rate situation we've been in for years now in extraordinary ways. The problem is that short to inter...
by tibbitts
Wed Nov 15, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Complaint Escalation [at Vanguard - how to?]
Replies: 6
Views: 1043

Re: Complaint Escalation [at Vanguard - how to?]

Nobody can make recommendations without more details. You've already done what others have reported have resolved their issues, so you're kind of left with going to the government (for a compliance issue, for example) or the courts.
by tibbitts
Wed Nov 15, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Sobering article for my 25 year old self
Replies: 57
Views: 6406

Re: Sobering article for my 25 year old self

Hi, For those of you starting out and contemplating spending money on fancy new cars, cable TV, $1,100 iPhones (on installment plan) etc. Vs saving more please do your self a favor and read this article https://earlyretirementnow.com/2017/11/01/shockingly-simple-complicated-random-math-behind-early...
by tibbitts
Tue Nov 14, 2017 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: problem new Vanguard Global Wellington fund
Replies: 29
Views: 1836

Re: problem new Vanguard Global Wellington fund

One wonders why anyone would sink money into a fund, which has (current) disclosure of the holdings. "Current" is relative. I assume you're concerned that disclosing the holdings would reveal some "secret sauce" that other funds could then capitalize on? We know all the holding reports are historic...
by tibbitts
Tue Nov 14, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 53
Views: 2331

Re: Michelin or Bridgestone?

Alexa9 wrote:
Tue Nov 14, 2017 9:14 pm
Michelin Premier are the best in my anecdotal research.
I've owned Premier and its predecessor Primacy. I'm not sure I quite got over the tread depth issue with the Premier. It seems like buying a half-used tire.
by tibbitts
Mon Nov 13, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 80
Views: 3974

Re: POAs may not be that powerful

I don't know the mechanism for providing for a dedicated additional account, but as a practical matter I would expect most people would just log on as the account owner.
by tibbitts
Mon Nov 13, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 3904

Re: Draft a will with legalzoom or other online legal help

Several thousand dollars! That is a lot of money. No wonder 60% of Americans do not have a will. The combination of the real estate, some in an LLC and some not, and minor children definitely complicates your situation. I used software to make my own, but there's just me and one other person involv...
by tibbitts
Mon Nov 13, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 80
Views: 3974

Re: POAs may not be that powerful

I agree that it would be extremely helpful if you could just do a POA and have it be universally accepted.

However, realistically the designated person will have online access to all your accounts, so there's a lot that can be done that way.
by tibbitts
Sun Nov 12, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 62
Views: 4125

Re: Asset allocation for 5% return

I don't think most of the posts are addressing the somewhat unique issues here. I know I'm definitely not qualified to comment. Maybe post the entire plan document, and let the experts here chew on it a for a while.
by tibbitts
Sun Nov 12, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: what pickup truck
Replies: 65
Views: 4743

Re: what pickup truck

Now weird a'tall. DW drives a full size SUV. I drive a pickup. Been that way for over 30 years. Neither of us can imagine driving a car anymore. Not weird at all. SUV & pickup sales are up and sedan sales are way down. I know several people who have trucks (with covers over the bed) who never haul ...
by tibbitts
Sun Nov 12, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Frontier Flight Fees
Replies: 17
Views: 1143

Re: Frontier Flight Fees

Frontier has some flights I'm interested in for $91 / ticket. Other flights that day are ~$300 / ticket. But Frontier almost seems like a scam with the varying fees like bag fees changing depending on the season and when you specify your checking your bag. Anyway, have other been happy flying with ...
by tibbitts
Sun Nov 12, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12586

Re: How old are you and how much do you save for retirement a year

I don't understand how so many people can say they save a certain amount unless they're coming from the perspective of a very high income. For me savings are unpredictable because I might have a large expenditure, maybe unplanned, and have negative savings for that year. It seems reasonable that if ...
by tibbitts
Sun Nov 12, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: What's your weighted average expense ratio?
Replies: 65
Views: 3113

Re: What's your weighted average expense ratio?

Mine is probably around .25, I don't bother calculate it, but I don't understand the point of these constant comparison posts that have been appearing lately. Nobody learns anything from them. What does it matter if someone else answers .01, .1, or 1%? How does knowing that benefit anyone? I don't ...
by tibbitts
Sat Nov 11, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: What's your weighted average expense ratio?
Replies: 65
Views: 3113

Re: What's your weighted average expense ratio?

Mine is probably around .25, I don't bother calculate it, but I don't understand the point of these constant comparison posts that have been appearing lately. Nobody learns anything from them. What does it matter if someone else answers .01, .1, or 1%? How does knowing that benefit anyone?
by tibbitts
Sat Nov 11, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: taxes on selling off photo gear?
Replies: 13
Views: 936

Re: taxes on selling off photo gear?

In many places you'd owe sales tax even if you sold them all for $1 combined - there's no forgiveness for small amounts. That really discourages sales of any but the most valuable items - the hassle factor is so high. But yes if you sell from a no-sales-tax state, the purchaser may have to pay use t...
by tibbitts
Sat Nov 11, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 153
Views: 11733

Re: Why NOT make more money?

Here is my situation (said before in other threads): We are in early 50s and have achieved financial independence at the comfortable level (4% rule). Your premise is wrong. Almost nobody thinks 4% is FI in the current era. You have your 2% people, you have your 3%, and then a bunch in between. The ...
by tibbitts
Fri Nov 10, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: what pickup truck
Replies: 65
Views: 4743

Re: what pickup truck

What pickup truck do you recommend and why? Are the new eco-boost 6 cyl. with twin turbos by Ford reliable? Whymcan't the Tundra 5.7 L get better gas mileage? Has Ford and Ram cured their electronic issues? Are GMC and Chevrolet pickups that bad to be poorly rated by Consumer Reports driver satisfa...
by tibbitts
Fri Nov 10, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Any red flags all stocks no bonds...
Replies: 64
Views: 2650

Re: Any red flags all stocks no bonds...

I don’t like the 100% equities solution at all. We cannot predict the timing of the next downturn but we do know that when it comes those with 100% equities will have no leverage at all to buy into it. You simply cannot “rebalance” by buying stocks at a low when all you own is stocks. Bogle himself...
by tibbitts
Fri Nov 10, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5238

Re: Eye Doctor $30 to get your Rx? Is this normal?

Based, then, on the narrative, limited information and what is most likely - I believe there was nothing wrong about the charges and that the OP and/or wife are wrong. I agree. I wonder if the OP has reached that conclusion? Perhaps he is busy withdrawing his complaint to the Federal Trade Commissi...
by tibbitts
Thu Nov 09, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Worth changing 40 gal. to 30gal. hot water tank?
Replies: 90
Views: 4638

Re: Worth changing 40 gal. to 30gal. hot water tank?

Go tankless! Well worth it. Will use a lot less energy than regular tank heaters. Ours is incredible and we never run out of water. You can't say that unless you know the usage and the infrastructure already in place. It's easy to spend many thousands of dollars just to prep an existing house for a...
by tibbitts
Thu Nov 09, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: Worth changing 40 gal. to 30gal. hot water tank?
Replies: 90
Views: 4638

Re: Worth changing 40 gal. to 30gal. hot water tank?

Go tankless! Well worth it. Will use a lot less energy than regular tank heaters. Ours is incredible and we never run out of water. You can't say that unless you know the usage and the infrastructure already in place. It's easy to spend many thousands of dollars just to prep an existing house for a...
by tibbitts
Thu Nov 09, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: How to buy a new car with a trade-in.
Replies: 24
Views: 1501

Re: How to buy a new car with a trade-in.

Sometimes dealers won't take your old car - they won't offer you any price at all, even if they'll lose the sale on the replacement car. I wouldn't have believed that if it didn't happen to me.
by tibbitts
Thu Nov 09, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: How to buy a new car with a trade-in.
Replies: 24
Views: 1501

Re: How to buy a new car with a trade-in.

Recently went through this. Got a Carmax price for my trade. Went to dealer, got a fairly decent price on the new car but they offered $2500 less than Carmax for the trade. No deal there. Also be aware that if you trade, you generally get a credit for the trade in price on sales tax and property ta...
by tibbitts
Tue Nov 07, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5238

Re: Eye Doctor $30 to get your Rx? Is this normal?

Hello, My wife has been complaining about her vision for a while, decided to see an MD Ophthalmologist that participates in our HMO. We called and verified a $20 copay for the eye exam. She received her full eye exam, but our VSP vision plan, separate from the HMO, does not cover lenses and frames ...
by tibbitts
Tue Nov 07, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5238

Re: Eye Doctor $30 to get your Rx? Is this normal?

Hello, My wife has been complaining about her vision for a while, decided to see an MD Ophthalmologist that participates in our HMO. We called and verified a $20 copay for the eye exam. She received her full eye exam, but our VSP vision plan, separate from the HMO, does not cover lenses and frames ...
by tibbitts
Mon Nov 06, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5609

Re: College student... Financial mess... Need advice...

I think the OP may need local legal advice at this point, even though that too will cost money.
by tibbitts
Mon Nov 06, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2176

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

If you acknowledge replacing Prime with a more "risky" investment due to the world changing, you have to view increasing equity percentages the same way. Not true for me. Prime money market was radically changed by the new laws and was yielding .01% it had been radically changed. VG had no other fu...
by tibbitts
Mon Nov 06, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7581

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

All though it wasn't a case of cognitive decline - Dad use the wrong tax table for income taxes on a trust and it cost an extra $50 to set right - I got to be the trustee. Most all of us have made multiple worse mistakes on equally simple(?) aspects of our taxes, and continue making similar mistake...
by tibbitts
Sun Nov 05, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: GoDaddy - Any better options for website hosting?
Replies: 69
Views: 6516

Re: GoDaddy - Any better options for website hosting?

What security do you need for something that is public information anyway? Victoria started out asking about Wordpress, and what you need security for is to prevent your site from being exploited, and your server resources used to attack other sites on the internet, perhaps through denial of servic...
by tibbitts
Sun Nov 05, 2017 8:32 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2176

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

But you're kind of saying that when you think a change is "good" it's okay, but when you think it's not VG should come up with a new fund. Change is always happening in VG funds, including index funds. Look at the REIT index (for us sub-institutional investors) this year, or emerging markets, when ...
by tibbitts
Sun Nov 05, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 85
Views: 6559

Re: Negotiating for a new car purchase

This is one of those cases were we have a lot of posts reporting success with this and that, and a lot of people convinced they know how to get a good deal because they've had success, but it's also one of those cases where experience is almost completely worthless. Kind of like being an active fund...
by tibbitts
Sun Nov 05, 2017 3:33 pm
Forum: Investing - Theory, News & General
Topic: Is % gained the same?
Replies: 2
Views: 282

Re: Is % gained the same?

For example, if Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) shows an average 5yr return as 2.29% and a lets say 5 years ago you purchased a 5 year CD at 2.40%. Does that mean after the 5 years the CD performed better? Does the Fund % take into account the expense fee? Fund ret...
by tibbitts
Sun Nov 05, 2017 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2740

Re: PRIMECAP Fund

The stock market index is 20-25% in FANG stocks, nobody here worries about that? Plus in order for index investing to be successful we need active investing. Wasn’t there an article about that from Jack Boggle recently? The bulk of my money is in index investing but I’m just wondering outloud. Yes,...
by tibbitts
Sun Nov 05, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: buying into fund and end of year distributions
Replies: 3
Views: 407

Re: buying into fund and end of year distributions

Your thoughts are appreciated. I know the concern about buying just before end of year distributions are made in taxable mutual funds. But I am also reading this does not matter much for broad index funds. Do you agree, in this generally? I want to get the sale of a stock on this year's tax return,...
by tibbitts
Sun Nov 05, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2740

Re: PRIMECAP Fund

I hold some Primecap in a taxable fund. Bought it thirty years ago when I was young(er) and stupid. How tax inefficient is it? And I assume it would be a mistake to sell it with a six- figure capital gain, correct? Capital gains are good - everyone would like that problem, and buying it certainly d...
by tibbitts
Sun Nov 05, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Operating a corporation for tax benefits
Replies: 2
Views: 213

Re: Operating a corporation for tax benefits

I am a a programmer and have released several apps on the app store and made several web sites on the side from my job. I'm wondering if it's tax-advantageous to incorporate under a corporation and use the corporation to purchase things for the job (laptop, test devices) and use it as a vehicle for...
by tibbitts
Sun Nov 05, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in index funds at this moment
Replies: 50
Views: 3623

Re: Investing in index funds at this moment

I'm a little wary about putting all my funds in an index fund at the current valuation. I feel that asset prices are getting really frothy. I read about the asset prices being at their highest level by CAPE valuation with P/E ratios of over 30 which is higher than at the peak in 1929. That's pretty...
by tibbitts
Sun Nov 05, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2176

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

I wonder how many other investors who bought TD of Life Strategy Funds know what they have now? They may have thought they bought a set allocation that met their needs so they could essentially set it and forget it. What they have is a form of "active" management by Vanguard "experts". I wonder if ...
by tibbitts
Sun Nov 05, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Should one use REITs
Replies: 48
Views: 3448

Re: Should one use REITs

birdog wrote:
Sun Nov 05, 2017 12:08 pm
Including dividends reinvested:

VTI (TSM) 1yr: 25.87% 5yr: 15.07% 10yr: 8.12%
VNQ (REIT) 1yr: 10.88% 5yr: 9.50% 10yr: 6.55%
So, you're saying that VTI has had its run and now it's time for REITs?
by tibbitts
Sun Nov 05, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: International Bonds - Are they needed?
Replies: 11
Views: 712

Re: International Bonds - Are they needed?

I read this 2014 post on the forum with great interest. https://www.bogleheads.org/forum/viewtopic.php?t=139939 Has anything changed in the general thinking of international bonds especially as embedded in balanced funds like Life Strategy and Target Date funds at Vanguard. Can I assume that they a...
by tibbitts
Sun Nov 05, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2740

Re: PRIMECAP Fund

I guess your question about PRIMECAP Fund or others run by PRIMECAP Management Company (Odyssey, Cap OP, etc.) comes down to whether you believe that some active managers are able to add value. I know that PRIMECAP funds have handily outperformed total stock market indices, but here there are many ...
by tibbitts
Sun Nov 05, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2740

Re: PRIMECAP Fund

PRIMECAP has a 34 year track record where it has on average beaten its benchmark index. It doesn't beat it every single year but since its inception in 1984 the fund has returned 2.5% more than its benchmark. I am not saying I have developed some crazy investment thesis or analyzed charts to decide...