Search found 520 matches

by jrbdmb
Thu Jul 09, 2020 12:57 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 153
Views: 7532

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

I'm a conservative person and have barely bought anything luxury. I save >30% of my income every month. All goods I'm using/wearing are quality/premium brands. Recently I've just reached a NW landmark (not an impressive one) thanks to declined consumption due to WFH and recovery of stock market. I'...
by jrbdmb
Tue Jul 07, 2020 12:59 pm
Forum: Personal Investments
Topic: Am I crazy to do this? [Equity Allocation 50/50 TSM/NASDAQ]
Replies: 150
Views: 9944

Re: Am I crazy to do this? [Equity Allocation 50/50 TSM/NASDAQ]

[Title edited for clarity -- mod oldcomputerguy] I have a simple 3 fund portfolio with a 80/20 split and 70/30 US/Int. I have been thinking of splitting my US stock portion into 50/50 TSM/Nasdaq index from a 100% TSM. I understand Nasdaq is extremely tech heavy but I really believe these tech compa...
by jrbdmb
Tue Jul 07, 2020 12:52 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 656

Re: How much bid/ask spread on ETF is too much?

If you're using a limit when buying, I'd submit that you don't have to worry about the spread. Say bid is $100.00 and ask is $102.00, there's nothing stopping you from putting in a limit buy at $99. That's not true. The spread will be there regardless of how you execute it. By definition an ETF (as...
by jrbdmb
Tue Jul 07, 2020 8:40 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 373
Views: 69386

Re: Selling all equities, discuss why I'm wrong. :)

We are in a rare and anxious “just don’t know” situation
iMHO, the “just don’t know” situation is actually the norm. :happy
by jrbdmb
Sun Jul 05, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card vs Debit Card
Replies: 53
Views: 2499

Re: Credit Card vs Debit Card

You could pay off the ongoing credit card balance as you make purchases. That would make it more like checking, and you could keep tabs on costs/balances. But if you do not have problems running up too much credit/debt, then you really are leaving some perks on the table and also adding risk if deb...
by jrbdmb
Thu Jul 02, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 18987

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

Meanwhile if we look at VGTSX from January of 2000 (!!!) until today, VGTSX has only returned 14.70% (not counting dividends, as I can't find an online calculator that will compute total return for it.) PV to the rescue! The total return over that period, including dividends, was +83%. Over the sam...
by jrbdmb
Wed Jul 01, 2020 11:46 am
Forum: Personal Investments
Topic: What to do with significant index changes, e.g., S&P 500 adding Tesla
Replies: 49
Views: 6043

Re: What to do with significant index changes, e.g., S&P 500 adding Tesla

There’s never been anything at all near to this in comparison. The vast majority of companies going in and out are in the 300s and 400s. It’s absolutely unprecedented to have a 200B, 0.8% of total S and P market cap company suddenly get listed. 8-) :sharebeer :moneybag S and P has a market cap of 2...
by jrbdmb
Tue Jun 30, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 29
Views: 3352

Re: How does Alliant Credit Union make money on their Credit Card?

I just received the email notifying me about the yearly fee increase - from $59 to $99/year. Is this still the best cash back card for me? I don't want to mess around playing games with different categories each quarter. I pulled my transactions from last year, and I averaged about $3725/month, or ...
by jrbdmb
Tue Jun 30, 2020 1:03 pm
Forum: Personal Investments
Topic: Activity assessment fee in Fidelity
Replies: 9
Views: 1026

Re: Activity assessment fee in Fidelity

Merrill Edge also has this fee when selling stocks / ETFs. It is listed on the trade confirmation screen. Example from a sale I set up but did not execute just now: As of 06/30/2020 02:01 PM ET Estimated Order Amount $930.50 Estimated Commission $0.00 Estimated SEC Fee $0.02 Estimated Total $930.48
by jrbdmb
Mon Jun 29, 2020 4:01 pm
Forum: Personal Consumer Issues
Topic: Advice on WiFi vs. Wired at Home?
Replies: 34
Views: 2221

Re: Advice on WiFi vs. Wired at Home?

I don't think there's a compelling reason to go wired anymore. There shouldn't be a speed advantage and there's plenty of bandwidth to stream 4K on multiple devices at once. Gaming and music streaming use very little data, so it's really all about streaming video. Unless you are simultaneously stre...
by jrbdmb
Mon Jun 29, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: Perpetual vs Subscription License - Microsoft Office
Replies: 41
Views: 2354

Re: Perpetual vs Subscription License - Microsoft Office

I'm as averse to subscriptions as anyone. What initially triggered me to reconsider is when I came across new Excel functions/features that are only available in the subscription version. The new XLOOKUP function for example. I didn't even realise then how much better this is than it's predecessors...
by jrbdmb
Mon Jun 29, 2020 11:48 am
Forum: Personal Consumer Issues
Topic: Advice on WiFi vs. Wired at Home?
Replies: 34
Views: 2221

Re: Advice on WiFi vs. Wired at Home?

I don't think there's a compelling reason to go wired anymore. There shouldn't be a speed advantage and there's plenty of bandwidth to stream 4K on multiple devices at once. Gaming and music streaming use very little data, so it's really all about streaming video. Unless you are simultaneously stre...
by jrbdmb
Tue Jun 23, 2020 4:24 pm
Forum: Investing - Theory, News & General
Topic: US Treasury bond funds doing great.
Replies: 14
Views: 1962

Re: US Treasury bond funds doing great.

02nz wrote:
Tue Jun 23, 2020 4:03 pm

Yep, take your risks on the equities side, as the saying goes.
Well, somebody has to buy those high yield bonds. :happy Just be sure you know what you are buying.
by jrbdmb
Mon Jun 22, 2020 12:51 pm
Forum: Personal Consumer Issues
Topic: roof attic fan
Replies: 42
Views: 2532

Re: roof attic fan

In most cases repairing or replacing the attic fan will pay for itself very quickly in terms of reduced cooling costs. I didn't realize that the internal temperature of the attic has an effect on the lifetime of the shingles, but multiple sources say this is the case. In our home the original constr...
by jrbdmb
Fri Jun 19, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10100

Re: Disappointed in Fidelity 2% Cash Back credit card

Hopefully, OP will be able to convince his wife that this CC is a good deal and worth keeping. And, hopefully, a lesson has been learned to ALWAYS read the fine print, and NEVER make any assumptions. In a world where products often no longer come with a user's manual, and if they do the manual is c...
by jrbdmb
Fri Jun 19, 2020 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Amica
Replies: 40
Views: 3659

Re: Disappointed in Amica

I would love to try Amica for my auto and home policies, as I hear so much good about them. Unfortunately their auto quotes are usually double that of my current insurance companies.
by jrbdmb
Thu Jun 18, 2020 1:04 pm
Forum: Personal Investments
Topic: USAA to Charles Schwab - not happy
Replies: 43
Views: 3452

Re: USAA to Charles Schwab - not happy

ETFs are also an option. Both Schwab and Fidelity offer a huge number of ETFs commission-free, and buying fractional shares is also becoming a thing.
by jrbdmb
Thu Jun 18, 2020 10:55 am
Forum: Personal Investments
Topic: International stock exposure...is up to 40% necessary?
Replies: 71
Views: 4806

Re: International stock exposure...is up to 40% necessary?

This is well-trodden territory, and each side is convinced it is right. My take: 40% is still slightly underweighting international. If you're a Boglehead, you need to defend deviating from the market portfolio without referencing past performance. If you slip up and mention past performance, you'r...
by jrbdmb
Thu Jun 18, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10100

Re: Disappointed in Fidelity 2% Cash Back credit card

Thanks everyone, sincerely, for the spirited discussion. As others have suggested, and as I've surmised, this is not the card for us. We'll just cancel it and move on. :beer I don't think there is currently a no-strings-attached 2% cash back card. The Fidelity points have to be redeemed to a Fideli...
by jrbdmb
Wed Jun 10, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: Market Bubble
Replies: 39
Views: 2268

Re: Market Bubble

Mrmetalpole wrote:
Wed Jun 10, 2020 1:33 pm
Irrespective of being a BH....Curious if anything thinks we’re in the midst of a bubble with increasing similarities to 1999/2000?
Yes I do think that ... but I am not altering my investments in any way, as I have proven time and time again that my prognostication skills are nil. :happy
by jrbdmb
Wed Jun 10, 2020 10:33 am
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 447
Views: 24960

Re: What fun car should I get in the $150k - $200k range?

1979 Ford F-150. If it was good enough for Sam Walton it is good enough for you.

:happy
by jrbdmb
Wed Jun 10, 2020 9:59 am
Forum: Personal Investments
Topic: Talk me back into Bond Fund BND please
Replies: 33
Views: 2472

Re: Talk me back into Bond Fund BND please

I also want to make sure and add: at some point being 100% stocks (or close to it) can very risky, as you may not have enough time to recover from a severe market downturn before you need to draw on those funds. I'll leave it to others with more experience here to say if there a minimum bond % you s...
by jrbdmb
Wed Jun 10, 2020 9:43 am
Forum: Personal Investments
Topic: Talk me back into Bond Fund BND please
Replies: 33
Views: 2472

Re: Talk me back into Bond Fund BND please

Since nobody has said this yet, I am going to ask: perhaps an asset allocation of 80/20 is too conservative for you? You apparently went through previous market turbulence at 100% stocks without flinching. Would you be less inclined to ignore your IPS if you were at 85/15 or 90/10? You may want to e...
by jrbdmb
Wed Jun 10, 2020 9:32 am
Forum: Personal Investments
Topic: Vanguard Rep Says No Dividends for VTSAX and VTIAX
Replies: 31
Views: 5935

Re: Vanguard Rep Says No Dividends for VTSAX and VTIAX

Yep, that's what 3 basis point expense ratios get you. Help Vanguard out. If you stop calling they won't have to hire low cost people to staff the phone lines to talk to you. I'd be on board to add a basis point to all Vanguard ERs if it would be dedicated to customer service. The race to the botto...
by jrbdmb
Mon Jun 08, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21591

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I also made some mistakes during this market turbulence. I did rebalance into stocks in late February, but I delayed rebalancing into stocks again at the very bottom (and ignored my rebalancing bands) because I didn't want to try to "catch a falling knife." Then as the market started to recover, I d...
by jrbdmb
Mon Jun 08, 2020 11:55 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1220
Views: 107873

Re: Well, I am market timing due to coronavirus... Wish me luck.

OP’s original call impressively couldn't have been more spot on. It was. But OP clearly didn’t stick to it. Kept changing his plans for rentry. Then he disappeared. I will gurantee he did what many people I know did. Freeze up and convince themselves that there is another dip coming. This is just a...
by jrbdmb
Fri Jun 05, 2020 12:06 pm
Forum: Personal Investments
Topic: Rebalancing from a 100% stock portfolio.
Replies: 19
Views: 1796

Re: Rebalancing from a 100% stock portfolio.

I think that a glide path from your current allocation to the allocation you wish to have at retirement makes sense. In my case, I am slowly ramping down from 80% equities at 1.5% a year. I expect to be at 50% at age 65 and eventually end up at 40% a few years after that. You are currently at 100% o...
by jrbdmb
Thu Jun 04, 2020 10:41 am
Forum: Investing - Theory, News & General
Topic: Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans
Replies: 65
Views: 5255

Re: New Legislation Passed

To be clear, this is not new legislation passed by anybody, it is new guidance issued by the Labor Department that allows 401(K) plans to allow options to invest in private equity. It remains to be seen if the plans themselves will offer these options to investors.
by jrbdmb
Thu Jun 04, 2020 10:04 am
Forum: Personal Investments
Topic: Selling 100% stocks on a bounce
Replies: 256
Views: 22137

Re: Selling 100% stocks on a bounce

I've decided to sell 100% of my stocks in all investment accounts to preserve 2016 gains, and to prevent an irrecoverable loss in hard earned savings. This goes against all the rules I've learned about investing, but this time is very different so the rules go out the window. Stocks will keep crash...
by jrbdmb
Mon Jun 01, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15251

Re: Chase reducing credit card limits

Many lenders have been reducing credit card limits since the COVID-19 crisis began. They use a variety of algorithms to assess the risk of the credit cards they have issued. The letters they send out to the cardholders tend to be form letters citing one of several standard reasons, and the reason m...
by jrbdmb
Fri May 29, 2020 8:28 pm
Forum: Personal Investments
Topic: Mobile phone alert apps
Replies: 8
Views: 960

Re: Mobile phone alert apps

Fidelity had exactly what I was looking for, ability to set multiple stock/ETF price alerts with email and/or SMS notification. Setting up an account today to access this feature. Thanks!
by jrbdmb
Fri May 29, 2020 11:40 am
Forum: Personal Investments
Topic: Am I panicking or being prudent?
Replies: 68
Views: 6769

Re: Am I panicking or being prudent?

I'm with the good Dr. Bernstein on this subject.. If you're now close to retirement with the accumulation phase ending, you would be wise to alter your asset allocation accordingly. 25 times your annual cost in safe assets only (directly bought treasuries, cd's etc). Anything above that can be at r...
by jrbdmb
Fri May 29, 2020 11:24 am
Forum: Investing - Theory, News & General
Topic: Effect of being out of the market
Replies: 21
Views: 1700

Re: Effect of being out of the market

Those who are against market timing usually assume that you have already hit some or all of the "worst days" - else you would not be panic selling. I guess the question is how many of the "best days" shortly followed these "worst days?"
by jrbdmb
Thu May 28, 2020 3:39 pm
Forum: Personal Investments
Topic: Mobile phone alert apps
Replies: 8
Views: 960

Re: Mobile phone alert apps

Resurrecting an ancient thread ... but it still appears to be relevant. I actually want to get an alert on a few Vanguard ETFs - perhaps Total Stock Market (VTI) and Inter-Term Bond (BIV) - to see if they have risen or dropped a specific percentage. This will be my cue to check if I have hit my reba...
by jrbdmb
Tue May 26, 2020 4:58 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4521

Re: Any retirees get through Covid crisis without large cash reserve?

JoelT1 wrote:
Tue May 26, 2020 3:25 pm
As the dust begins to settle on the Covid pandemic ...
I think it is premature to make any conclusions about the lessons from the Covid pandemic. This ain't over yet.
by jrbdmb
Fri May 15, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Why it’s a good idea to hold long term Treasuries as your emergency fund
Replies: 114
Views: 9284

Re: Why it’s a good idea to hold long term Treasuries as your emergency fund

The real question is... will you use a regular ol' boring 20 year treasury fund like TLT, or something with higher duration like EDV :twisted: ? I am looking to build some emergency cash to ICSH (Ultra Short-term Bond) so quite a different approach... thought about auto-rolled t-bills but the yield...
by jrbdmb
Mon May 11, 2020 10:51 am
Forum: Personal Consumer Issues
Topic: Scams that make me laugh -- what are you favorites?
Replies: 105
Views: 13900

Re: Scams that make me laugh -- what are you favorites?

Anything where the headline includes the phrase "One Little Trick." Usually the "trick" involves separating you from your money.
by jrbdmb
Fri May 08, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Anyone using Merrill Edge MarketPro?
Replies: 0
Views: 148

Anyone using Merrill Edge MarketPro?

I was wondering if anyone is currently using the Merrill Edge MarketPro tool. I tried to set it up yesterday (installed Java, installed WebStart, downloaded MarketPro applet) and had absolutely zero success in getting MarketPro to launch. MarketPro worked for me when I last tried it a few years ago,...
by jrbdmb
Thu May 07, 2020 1:01 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10682

Re: A bond rule of thumb better than "age in bonds"

I agree this may be mathematically optimal but I'm not convinced it's behaviorally optimal. (Behaviorally, I still think the vast vast majority of investors should be in a target-date or target-allocation fund, but anyways) I'm 30 and I hold 80/20. I think Bernstein was generally correct with his g...
by jrbdmb
Thu May 07, 2020 12:40 pm
Forum: Personal Investments
Topic: Drawbacks to chasing savings account bonuses?
Replies: 28
Views: 2259

Re: Drawbacks to chasing savings account bonuses?

Opening a new bank account usually results in a query to ChexSystems, which collects information about your checking account history. If you open too many accounts too quickly it can be a red flag and your new checking account can be denied. Not clear how many is "too many" though. https://www.exper...
by jrbdmb
Thu May 07, 2020 12:11 pm
Forum: Personal Investments
Topic: Blending BSV/BIV to tweak FI duration
Replies: 6
Views: 1157

Re: Blending BSV/BIV to tweak FI duration

I am doing the same thing as noted above - mixing BIV and BSV to achieve the duration I want (5.0 years or less) for my taxable fund. One thing i noted is that the duration of BIV hasn't changed much over the years - 6.5 years in 2013, 6.4 years in 2020. By comparison the Total Bond Market (BND) du...
by jrbdmb
Thu May 07, 2020 12:01 pm
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3497

Re: Please help me get out of international

OP, I would suggest sticking around for a bit and continuing to read / post before making any drastic changes. As part of the IPS that many have suggested you develop you need to decide: - Asset split between stocks vs. bonds - US vs. international split - Large cap vs. mid cap vs. small cap - Tilt ...
by jrbdmb
Thu May 07, 2020 11:39 am
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3497

Re: Please help me get out of international

We don't make six figures and we don't have seven figures in retirement assets. At 59/61 and retiring at then end of the year we do hold International because I'd rather risk modest under performance through global diversification rather than risk greater losses due to concentrated home bias. Given...
by jrbdmb
Thu May 07, 2020 10:29 am
Forum: Personal Investments
Topic: Blending BSV/BIV to tweak FI duration
Replies: 6
Views: 1157

Re: Blending BSV/BIV to tweak FI duration

I am doing the same thing as noted above - mixing BIV and BSV to achieve the duration I want (5.0 years or less) for my taxable fund. One thing i noted is that the duration of BIV hasn't changed much over the years - 6.5 years in 2013, 6.4 years in 2020. By comparison the Total Bond Market (BND) dur...
by jrbdmb
Wed May 06, 2020 8:06 am
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 60
Views: 7943

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

Every time I open Yahoo Finance, the first thing that appears is either "Motley Fool Issues Rare Double Down" or "Man Makes $3M Day Trading". Ignore. The "Rare Double Down" doesn't seem to be that rare anymore. :confused I remember when Motley Fool articles contained useful info, but that was a lon...
by jrbdmb
Tue May 05, 2020 11:46 am
Forum: Personal Consumer Issues
Topic: Plunger reccomendation for newer toilets
Replies: 23
Views: 1337

Plunger reccomendation for newer toilets

I need a plunger recommendation for newer toilets that don't have a circular opening at the bottom or have a part that is cutaway / nonuniform. A standard plunger will not make a good seal and do a poor job of moving any blockage. Any suggestions? (Non-emergency, but the recent thread on clogged sin...
by jrbdmb
Tue May 05, 2020 11:40 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4958

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

For a shallow clogs I've found something like this handy (plastic drain "auger"): https://www.grainger.com/product/415C75 I use this once in a while when our sinks / shower get slow due to hair and soap buildup. Surprising how much of that stuff doesn't just go down the drain. EDIT: I see a few othe...
by jrbdmb
Fri May 01, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: Risk of Muni Bonds
Replies: 56
Views: 5378

Re: Risk of Muni Bonds

It was a liquidity issue that caused the drop in munis and even treasuries, while not to the same extent, were not immune and dropped a bit as well. Munis have a very low historical default rate and their demise has been incorrectly predicted over and over again throughout the years. Funds with hig...
by jrbdmb
Thu Apr 30, 2020 9:42 am
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 121
Views: 5156

Re: Holding Gold as "Doomsday Fund"

I would not. If "the worst" were to happen, what exactly does gold do for you? You can't eat it. It doesn't grow anything. Who would want it? In addition, even if you are able to barter your gold for other necessities, do you really want to be known during a "Doomsday scenario" as that guy who has ...
by jrbdmb
Wed Apr 29, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: Risk of Muni Bonds
Replies: 56
Views: 5378

Re: Risk of Muni Bonds

Yes. As I understand it, Pension plan assets are typically invested in stocks, bonds, and depending on the pension plan, perhaps other alternative asset classes. It's these portfolios that are used to provide pension payments to retired city and state workers. The health of pension funds is certain...