Search found 3117 matches

by tc101
Fri Aug 23, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Ally service has gone way down
Replies: 8
Views: 1109

Re: Ally service has gone way down

Still listed 9 minute wait time.
by tc101
Fri Aug 23, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Help me understand stock dividend yield
Replies: 19
Views: 1121

Help me understand stock dividend yield

I just used a stock screen and noticed that the dividend yield on AT&T is 5.76%. BP is 6.74%. PHILIP MORRIS is 5.5%. I don't understand how these stocks can have these high yields when the yield on bonds is so much lower. I know the stocks can go down in value, but if you hold on to them for 20 year...
by tc101
Fri Aug 23, 2019 1:12 pm
Forum: Personal Consumer Issues
Topic: Ally service has gone way down
Replies: 8
Views: 1109

Re: Ally service has gone way down

If you log into the site, at the top it gives you the contact phone number and wait time. Wait time right now is listed at 9 minutes. Too long.
by tc101
Fri Aug 23, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Ally service has gone way down
Replies: 8
Views: 1109

Ally service has gone way down

I just called Ally to speak to someone. After pushing a bunch of buttons, and listening to a lot of recorded stuff, I was told to wait 10-15 minutes to talk to a real person. Last time I called Ally, several years ago, I got to a person almost immediately.
by tc101
Mon Aug 19, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: Total market index fund and recency
Replies: 29
Views: 1978

Re: Total market index fund and recency

He (John Bogle)argued any benefits from small, value, and other departures from the total market, were temporary anomalies that would come out in the wash due to mean reversion. My understanding is that the important thing is not that small and value will do better, but that they are less correlate...
by tc101
Mon Aug 19, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: Total market index fund and recency
Replies: 29
Views: 1978

Re: Total market index fund and recency

There has been a size premium and a value premium in the past. The research has been consistent on that. But will those premiums persist? My understanding of what MPT says is not that it is important that there is a value premium or size premium, but that the factors are not 100% correlated, so by ...
by tc101
Mon Aug 19, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Total market index fund and recency
Replies: 29
Views: 1978

Re: Total market index fund and recency

If you own the total market, you own all the sectors and all the trends. There will certainly be sectors and trends that beat the total market. You just can't own them at the right time. Whatever happens today, I want to own that. This helps me not do "something else". Outside of Total US + Total I...
by tc101
Mon Aug 19, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: Total market index fund and recency
Replies: 29
Views: 1978

Re: Total market index fund and recency

So here is my big question. Are the arguments in favor of buying the total market a result of greater understanding, or are they the results of recency? They are definitely recency bias and not due to greater understanding. Look at actual academic papers that are published. If anything, the last ~1...
by tc101
Mon Aug 19, 2019 10:01 am
Forum: Investing - Theory, News & General
Topic: Total market index fund and recency
Replies: 29
Views: 1978

Total market index fund and recency

When I first started reading Diehards about 2001 (joined Bogleheads in 2007), there was lots of talk about how modern portfolio theory said you would do best with less correlated assets counter balancing each other. People said small value and REITs were less correlated to large. They also said that...
by tc101
Sat Aug 17, 2019 9:01 pm
Forum: Personal Investments
Topic: Received a 1 million windfall and what to do with it
Replies: 16
Views: 3470

Re: Received a 1 million windfall and what to do with it

Your plan sounds fine, but I would probably put 10% of the windfall in a MM Fund for emergencies and fun.
by tc101
Wed Aug 14, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 5026

Re: I wanted to teach myself computer programming.

freeCodeCamp: Learn to Code and Help Nonprofits

https://www.freecodecamp.org/

Just follow their instructions step by step. This is all you need.
by tc101
Tue Aug 13, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 6903

Re: Use Vanguard MM Prime for cash rather than local bank?

I also keep my cash in Vanguard Prime MMF. There is no emergency I can think of that would require me get cash in less than 3 days. I could use a credit card, or just tell someone I would have the cash in 3 days. I could use a check from the MMF. Can anyone think of any real need to get cash immedia...
by tc101
Tue Aug 13, 2019 9:19 pm
Forum: Personal Investments
Topic: Laid off - 59yo - advice please
Replies: 44
Views: 6811

Re: Laid off - 59yo - advice please

I agree with the previous post about teaching English in a foreign country. I did this when I was younger. I expanded my world view in a way that I have appreciated ever since. I was in IT for years and am now retired. I enjoyed IT but I'm glad I did other things also. Life is short. What would you ...
by tc101
Mon Aug 12, 2019 5:35 pm
Forum: Personal Consumer Issues
Topic: Do you notify Social Security if you leave the country for more than a month?
Replies: 1
Views: 660

Do you notify Social Security if you leave the country for more than a month?

Do you notify Social Security if you leave the country for more than a month? You are supposed to do this. It seems like a lot of trouble if you are just going for a 6 week vacation somewhere. Do you notify them? What happens if you don't notify them?
by tc101
Mon Aug 12, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2722

Re: Is "My Social Security" online worth signing up for

Here this was discussed previously on Bogleheads

viewtopic.php?t=227515
by tc101
Mon Aug 12, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2722

Re: Is "My Social Security" online worth signing up for

This web site confirms everything said here. https://clark.com/personal-finance-credit/investing-retirement/my-social-security-account/ If you have a credit freeze you will have to go into an office to get a special code to set it up. It is a good idea to set it up to stop criminals from accessing i...
by tc101
Mon Aug 12, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2722

Re: Is "My Social Security" online worth signing up for

I don't know if this is credible or not, but I have been told several times that :
If you don't register online, there is a high chance that identity thieves will do it for you.
But if your credit is frozen, they can't do it can they?
Yes, it is worth doing!
Why?
by tc101
Mon Aug 12, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2722

Re: Is "My Social Security" online worth signing up for

My credit is frozen, so that is probably the reason I could not set it up. Since my credit is frozen I guess it is not important as a fraud deterrent. Is there any other reason to set it up? What info does it give you and what convenience does it offer?
by tc101
Mon Aug 12, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2722

Is "My Social Security" online worth signing up for

I signed up for social security a few weeks ago and got the first payment deposited to my bank account, so I guess everything is working. I just tried to sign up for "My social security" online but got a message saying: "We cannot create an account for the Social Security number you entered. For fur...
by tc101
Sat Aug 10, 2019 12:08 pm
Forum: Personal Consumer Issues
Topic: Checking credit card statements
Replies: 52
Views: 2703

Checking credit card statements

I used to only use a credit card for online purchases, gas, and large purchases. Then I started using it at the grocery store when I realized that was faster and easier than using cash. Recently I have started using it for almost everything. It is truly quicker and easier than paying in cash and get...
by tc101
Sat Aug 10, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Are you a "solo ager?"
Replies: 133
Views: 17234

Re: Are you a "solo ager?"

I wonder if I would even want to continue living once dementia kicks in. I mean, what’s the point if all you are doing is languishing in a hospital being moved from bed to wheel chair to bathroom and back again unaware of the world. Same here. I became convinced of that while spending time at my fa...
by tc101
Sat Aug 10, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Are you a "solo ager?"
Replies: 133
Views: 17234

Re: Are you a "solo ager?"

If you have been handling money for decades, you’re not likely to either suddenly (or, in many cases, even “gradually,” or ever before death) become incompetent to make reasonable decisions about asset allocation and disposition. That was not true for my father. He was a very sharp investor. Then i...
by tc101
Thu Aug 08, 2019 1:44 pm
Forum: Personal Consumer Issues
Topic: Best online retailer other than Amazon
Replies: 36
Views: 2056

Re: Best online retailer other than Amazon

livesoft wrote: ↑Thu Aug 08, 2019 1:32 pm Thanks, but I don't need any clothing: Remember by age. I'm not sure what household goods would cost $4,000 a year. Cleaning supplies (dishwasher detergent, laundry detergent) are not big items in my spending. We've got all the dishes, pots, pans, cutlery, ...
by tc101
Thu Aug 08, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Best online retailer other than Amazon
Replies: 36
Views: 2056

Best online retailer other than Amazon

I like Amazon but just read over the thread about Amazon having higher prices. I want to experiment with one other online retailer and get used to their interface and business practices. I don't want to try a bunch all at once. It would be too complicated. Which one would you suggest, and why? I spe...
by tc101
Wed Aug 07, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: Amazon -- no longer the lowest prices, evidently
Replies: 110
Views: 10807

Re: Amazon -- no longer the lowest prices, evidently

There are a couple of shopping APPs that do comparisons with little effort, but you might have to use a new online merchant, fear of the unknown creeps in.
Which one do you like best?
by tc101
Wed Aug 07, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: "Missing" money from Ally. Transfer completed but account balance not updated..
Replies: 16
Views: 946

Re: "Missing" money from Ally. Transfer completed but account balance not updated..

Same thing happened to me. Money eventually showed up but I don't remember how long it took.
by tc101
Wed Aug 07, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Not getting 5% reward cash back on my Amazon prime credit card
Replies: 24
Views: 2841

Re: Not getting 5% reward cash back on my Amazon prime credit card

Thanks everyone. I was confused about how it worked. I called Chase and I think I now understand. The points don't become available on Amazon until the 16th of the month, so even though I have accumulated points that I can see on the chase website, I can't use them on Amazon until after the 16th. Th...
by tc101
Tue Aug 06, 2019 11:35 am
Forum: Personal Consumer Issues
Topic: Not getting 5% reward cash back on my Amazon prime credit card
Replies: 24
Views: 2841

Re: Not getting 5% reward cash back on my Amazon prime credit card

"This is not correct. Amazon does nothing to encourage you to take your rewards as cash, but you can certainly do so with a phone call to Chase."
That might be the simplest solution. Just get the rewards as cash from Chase.
by tc101
Tue Aug 06, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Not getting 5% reward cash back on my Amazon prime credit card
Replies: 24
Views: 2841

Re: Not getting 5% reward cash back on my Amazon prime credit card

It isn't "cash back". You get points in your Amazon account that you can use for future Amazon purchases. When you go to pay, you can choose "Credit Card", "Gift Card" and it will show a summary of your Amazon points that you can use against your next purchase. Are you expecting a check mailed? Or ...
by tc101
Tue Aug 06, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Not getting 5% reward cash back on my Amazon prime credit card
Replies: 24
Views: 2841

Not getting 5% reward cash back on my Amazon prime credit card

I am not getting the 5% reward cash back on my Amazon prime credit card. For years this worked fine and now it has stopped working. I just spent half an hour on the phone with amazon, getting transferred from person to person, all of whom spoke English as a second language. I eventually got discoura...
by tc101
Sun Aug 04, 2019 9:06 pm
Forum: Personal Investments
Topic: How much Small Cap Value?
Replies: 52
Views: 3313

Re: How much Small Cap Value?

Anything less than 10% of your portfolio is likely too small to make a difference. I hear things like this frequently on Bogleheads. It doesn't make sense. 10% makes twice as much difference as 5% and half the difference of 20%. Any amount makes a difference. It is just a question of how much diffe...
by tc101
Tue Jul 30, 2019 10:30 pm
Forum: Personal Investments
Topic: Stop myself from making bad trades
Replies: 35
Views: 2471

Re: Stop myself from making bad trades

If all of the rational advice here doesn't help, then realize that we are not always rational creatures. You may need some help. Check out gamblers anonymous.
by tc101
Tue Jul 23, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: Medical alert "button"
Replies: 45
Views: 4150

Re: Medical alert "button"

I just read over this thread and found it helpful. The last post was over a year ago, and with technology changing so quickly I would like to know if there are any new thoughts on this topic.
by tc101
Mon May 27, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12798

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

I'm 69, widower, no heirs. I live on about $40K/yr. House is paid for. Next year I will start taking SS and get about $22K/yr. Portfolio of $1.5M is about 45% stock. Withdrawal rate when I start SS will be less than 1.5%. I see no reason to take greater risk. In fact it couldn't hurt to lower my sto...
by tc101
Fri May 17, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6517

Why do plumbers get paid so well?

I am thinking of recommending that a young friend become a plumber. Where I live in the Atlanta suburbs I pay: $15-$20/hr for unskilled yard work with no tools $35/hr for a good handy man $140 for the first hour and then $45/hr for an electrician $160/hr for a plumber My question - Why do plumbers m...
by tc101
Wed May 15, 2019 8:58 am
Forum: Personal Investments
Topic: Thoughts on Schwab
Replies: 37
Views: 3891

Re: Thoughts on Schwab

I have had accounts at Schwab, Fidelity and Vanguard for over 30 years. I now have most of my money at Vanguard.

I don't trust Schwab. Its not just the yield plus thing, but lots of things they have done over the years.
by tc101
Tue May 07, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Wire transfer from VNG to title company
Replies: 10
Views: 770

Re: Wire transfer from VNG to title company

I don't think so, but call them.

I used Fidelity to do this.
by tc101
Sat May 04, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 60
Views: 4282

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

For me, sitting in a comfortable easy chair and reading a physical paper magazine or book is different from reading a screen. Also, I think a news magazine that comes out once a week is less likely to try to get your attention every day with some alarming click bate. A news magazine that comes out o...
by tc101
Tue Apr 30, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: Buying car using carvana.com
Replies: 22
Views: 1877

Re: Buying car using carvana.com

Can you buy new cars from them? Is there a no hassle company that sells new cars?
by tc101
Mon Apr 29, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 8939

Re: Retirees: I'm not going to run out

I retired when I was 58. Figured I would probably not run out and was willing to take the chance. When I was about 65 it became obvious that it would be super extremely unlikely that I would ever run out. I'm now 69.
by tc101
Wed Apr 24, 2019 9:18 pm
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 31904

Re: Why not add a "like" button to Boglehead posts?

Please do not add a "like" button. It will make the site more addictive. It will not add anything positive.
by tc101
Sun Apr 21, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1478

Re: Credit and Debit card safety

I have every credit card, and every bank account, send me an email or text (I prefer email) for every single transaction, thereby I would catch fraud immediately. Most send the email before you walk from checkout to your car. That might be the best solution. I didn't even know that option was avail...
by tc101
Sun Apr 21, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1478

Re: Credit and Debit card safety

I am wondering about the use of cash in general. If I don't use cash I don't need to carry a debit card to get cash out of an ATM. I used to think that cash was quicker and easier, but since I started using my credit card at the grocery I see that is easier than counting out money and getting cash. ...
by tc101
Sun Apr 21, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1478

Credit and Debit card safety

I only use a credit card for gas and groceries. For gas I have to enter my zip code, but for groceries I just put the card in the reader and I am done. I have not made any large purchase with a credit card in years, but I assume it is the same as groceries, that you can buy a $1000 TV by just sticki...
by tc101
Sat Apr 20, 2019 10:56 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1617

Re: Vanguard or Schwab for Retiree and Power of Attorney

I managed my fathers account for 10 years before he died. You can do just about everything on line. If you have someone's login id and password there is very little you can't do. I had a power of attorney but I never showed it to anyone at Vanguard. I just did what needed to be done. Technically thi...
by tc101
Thu Apr 18, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8910

Re: This could be the biggest risk that retirees face?

I personally think a 5% failure rate is too high--too high for a planning number; I personally like 3% failure I disagree. It does not bother me that there is a 5% probability I will be broke when I'm 95, when there is a 40% chance I will be dead when I'm 90. It does not make sense to me to trade t...
by tc101
Tue Apr 16, 2019 10:48 am
Forum: Personal Investments
Topic: Expense ratios for funds in Vanguard variable annuity
Replies: 2
Views: 199

Expense ratios for funds in Vanguard variable annuity

I can't find the expense ratios for funds in Vanguard variable annuity listed anywhere. Are they listed? If not, does anyone know roughly what they are, or how much higher they are than for funds in regular accounts? I would like to know the expenses for the prime MMF, the short term investment grad...
by tc101
Mon Apr 15, 2019 9:20 pm
Forum: Personal Investments
Topic: Confused about IRA RMD date
Replies: 18
Views: 1051

Re: Confused about IRA RMD date

Thanks everyone for the in depth explanations. I am clear on how this works now.
by tc101
Mon Apr 15, 2019 1:45 pm
Forum: Personal Investments
Topic: Confused about IRA RMD date
Replies: 18
Views: 1051

Confused about IRA RMD date

The IRS web site says: Beginning date for your first required minimum distribution IRAs (including SEP and SIMPLE IRAs) April 1 of the year following the calendar year in which you reach age 70½. I am now 69 and turn 70 in Jan of 2020. I will turn 70.5 in July 2020. That means I am required to take ...
by tc101
Sun Apr 14, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 15490

Re: How often do you check your net worth?

I check my net worth almost every day. There is no rational reason to do this, but it makes me feel good to see how much money I have. When the market is going down, I don't look.