Search found 1523 matches

by stevewolfe
Wed Apr 24, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: USPS In transit Arriving Late
Replies: 37
Views: 9587

Re: USPS In transit Arriving Late

If I'm reading the post correctly, the item is only 5 days late and not marked as delivered. I wouldn't go forward with the not delivered case yet as I've had items take as long as 3 weeks to arrive. I've had items take as long as a week to go from USPS station to USPS station. All of this is out of...
by stevewolfe
Tue Apr 23, 2019 8:42 pm
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 12248

Re: Who is buying 1-3 year old used Toyotas and Hondas?

I bought a one year old Corolla. It wasn't a lemon and I don't think of myself as not being very bright. It was a demo car driven by a Toyota district manager who put 5,400 miles on it. I sold it 11 years and 239,000 miles later. I did have to replace the drivers side seat belt as it wore out. No ot...
by stevewolfe
Sun Mar 31, 2019 11:48 am
Forum: Personal Investments
Topic: Selling Series I Bonds
Replies: 43
Views: 4170

Re: Selling Series I Bonds

Keep things simple and less to manage? There isn't anything to manage. That's not true in my opinion. If something were to happen to me and my wife, no one knows they are there. Sure, we have details in our safe deposit box but good luck to my brother if he accesses our account and tells the folks ...
by stevewolfe
Fri Mar 29, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: I-bond phase-out strategy
Replies: 9
Views: 1160

Re: I-bond phase-out strategy

Sounds like a sound approach to me. We've just executed a similar strategy over the last year to eliminate all of our electronic I-Bonds. We have retained the paper bonds, however.

Steve
by stevewolfe
Thu Feb 07, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another Bay Area home advice thread
Replies: 44
Views: 3534

Re: Another Bay Area home advice thread

HEDGEFUNDIE wrote:
Thu Feb 07, 2019 9:02 pm
And for any Bogleheads who still doubt that Bay Area tech salaries are as high as we claim, here is your proof. Two 20-somethings earning ~250k each. This is also why the condos start at $1M.
And part of why there is such a problem with affordable housing and homelessness in the city...
by stevewolfe
Sun Jan 20, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6939

Re: Paying thousands per ticket to attend the NFL Super Bowl?

If my team was in the game, and I could afford to go, yes, I would absolutely. You live once. I would rather spend the money on an experience of a lifetime than live with the regret of not going if I had the chance.

Steve
by stevewolfe
Sat Dec 22, 2018 1:18 pm
Forum: Personal Investments
Topic: anybody sell I Bonds to buy something else?
Replies: 49
Views: 5544

Re: anybody sell I Bonds to buy something else?

We're keeping our paper I-Bonds, but liquidating our Treasury Direct holdings.
by stevewolfe
Sun Jun 24, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: 2007 Toyota Corolla
Replies: 39
Views: 2620

Re: 2007 Toyota Corolla

2009 Corolla LE is my daily driver. I bought it new in 2008 while on the ship into Baltimore harbor from Japan (as mentioned above, most, not all, made in USA and Canada). It has 176,000 presently. It replaced a 1997 Corolla CE with 239,000 that I bought 1 year old with 5,400 miles on it. They are g...
by stevewolfe
Sun Apr 08, 2018 3:53 pm
Forum: Personal Investments
Topic: If you want an actively managed fund, which one would you use?
Replies: 70
Views: 8027

Re: If you want an actively managed fund, which one would you use?

PRWCX T. Rowe Price Capital Appreciation has been in our portfolio for going on 20 years. Fantastic fund.
by stevewolfe
Sat Jan 13, 2018 3:18 pm
Forum: Personal Investments
Topic: Which Vanguard Small Cap Fund
Replies: 5
Views: 2025

Re: Which Vanguard Small Cap Fund

Transfer in kind accomplishes the same thing between brokerages. We did this a few years ago.
by stevewolfe
Sun Jan 07, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Morningstar Premium for $99
Replies: 39
Views: 10397

Re: Morningstar Premium for $99

Half off the regular price. Does anyone find the site worthwhile? http://app.mscomm.morningstar.com/e/es?s=1258972516&e=205707&elqTrackId=0ace6b74b5e8464aa5fec031aed850d4&elq=23c0dc81d5724de4ae481639b3c9be1e&elqaid=10792&elqat=1 I use it a few times a year to read analyst write ups on funds. I get ...
by stevewolfe
Thu Dec 07, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 9824

Re: Jack Bogle Is Worried About U.S. Pensions

No, it does not. It is simple algebra. If the average return from bonds is less than 4%, one is forced to take on more stocks. If the average return of bonds is a lot less than 4% and that of stocks is not too much above that number, one is forced to take almost all stocks. Or they save more. The o...
by stevewolfe
Fri Dec 01, 2017 11:20 am
Forum: Investing - Theory, News & General
Topic: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)
Replies: 39
Views: 2259

Re: Everyone, Even a Passive Vanguard Investor, is a Factor Investor (Alpha Architect/Jack Vogel, 11-30-17)

Seems a distinction without a difference to me. It would seem that the factor folks are trying to convince the non-factor folks (excuse me, the market investors e.g. the BETA investors e.g. the market factor investors) that they have a better way. Or that by defining new terms for existing concepts ...
by stevewolfe
Fri May 26, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Great Depression Lesson - Is Total Bond Market Too Risky?
Replies: 28
Views: 5949

Re: Great Depression Lesson - Is Total Bond Market Too Risky?

It's an interesting debate. However in my situation, lions share of bonds in 401 (k) which offers Total Bond, Stable Value, Inflation protected bond and a junk bond fund. So unless I want to move things around all over the place, those are the options for a bulk of the bonds. I'd suspect investment ...
by stevewolfe
Thu May 11, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 11560

Re: Can you suggest a mortgage lender who does not resell

I'd be content with knowing (within reason, things change) who would service the loan. Our first mortgage was sold on the day we signed it to Principle Residential mortgage. Had no issues with them. When they sold to Citi that was a totally different story... :!:
by stevewolfe
Sun Mar 05, 2017 10:29 am
Forum: Personal Investments
Topic: should i payoff mortgage early?
Replies: 17
Views: 2702

Re: should i payoff mortgage early?

Call_Me_Op wrote:I honestly don't know anyone who has a paid-off mortgage who has expressed regret about it.
Agreed.
by stevewolfe
Sat Mar 04, 2017 1:04 pm
Forum: Personal Investments
Topic: Making a big bet and borrowing from 401K
Replies: 31
Views: 3890

Re: Making a big bet and borrowing from 401K

Lol. I'd say your odds of red are 50%. Of course your odds of black are 50%. The odds of red or black are actually less than 50% (about 47.4%) in both cases due to the presence of green pockets. Thanks for the correction. The crux of my post was there was little to no chance he'd actually do that, ...
by stevewolfe
Sat Mar 04, 2017 9:57 am
Forum: Personal Investments
Topic: Making a big bet and borrowing from 401K
Replies: 31
Views: 3890

Re: Making a big bet and borrowing from 401K

Lol. I'd say your odds of red are 50%. Of course your odds of black are 50%. Both of which are 100% higher than the probability you are serious about actually doing this. :sharebeer
by stevewolfe
Tue Jan 24, 2017 5:38 pm
Forum: Personal Investments
Topic: T. Rowe Price Claims they consistently beat Indexing
Replies: 39
Views: 7483

Re: T. Rowe Price Claims they consistently beat Indexing

We own a large slug of T. Rowe Price Capital Appreciation (PRWCX) and like the fund a lot. We started investing in the fund just before the turn of the century and we add to it each year in our Roth's. We've been through a few management changes, which were announced well in advance, planned for by ...
by stevewolfe
Sat Jan 07, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 8006

Re: "Yield surge: Remember the real role of bonds"

Yes we have used Vanguard Retirement Trust Stable Value fund. Our IPS allows 20% of fixed income maximum in that fund to control black Swan type risk as they aren't as transparent as normal bond funds. We swapped to stable value last year when total bond SEC yield dropped below stable value SEC yiel...
by stevewolfe
Sat Jan 07, 2017 8:21 am
Forum: Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 127
Views: 14774

Re: Anybody else Age - 10 in bonds, rest in stocks

Age 44, 40/60 stocks / fixed income (you know, I-Bonds, CD's, bonds). It's about need, willingness and ability to take risk. :beer
by stevewolfe
Mon Jan 02, 2017 7:06 am
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 16715

Re: Bogle worried Vanguard is getting too big

It is a problem (concentration of assets) - for active and passive funds - from a corporate governance / shareholder activism perspective. Jack has spoken on this subject many times and I wonder if he is referring to those issues here.
by stevewolfe
Thu Oct 06, 2016 9:28 pm
Forum: Personal Consumer Issues
Topic: Should I upgrade my beat up car?
Replies: 69
Views: 7224

Re: Should I upgrade my beat up car?

I went through this same thing in 2008 with my 1997 Corolla that had 239,000 miles on it. Ran great, was reliable, interior was in excellent shape, but the paint finish was bad. In the end, I felt I'd really feel stupid if I was in an accident and something that could have been prevented in a new ca...
by stevewolfe
Wed Sep 21, 2016 9:19 pm
Forum: Personal Consumer Issues
Topic: My "Corolla Investment" has ended...410,000 [miles]
Replies: 56
Views: 10338

Re: My "Corolla Investment" has ended...410,000 [miles]

Nothing wrong with spending on a vehicle you enjoy driving. When I think of a car I want the same qualities as I look for in a refrigerator or other appliance... it just works, is efficient and I use it without thinking much about it to the point of taking it for granted to some degree. :beer
by stevewolfe
Wed Sep 21, 2016 6:56 pm
Forum: Personal Consumer Issues
Topic: My "Corolla Investment" has ended...410,000 [miles]
Replies: 56
Views: 10338

Re: My "Corolla Investment" has ended...410,000

Congrats! I've had a Geo Prizm with 149,000 that I unfortunately totalled, a 1997 Corolla that I sold with 239,000 and a 2009 Corolla I bought new and has 144,500 miles and counting. Great vehicles.
by stevewolfe
Sun Sep 04, 2016 5:12 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 84899

Re: TIPS - Did you give up?

Yes, but that's an individual TIP. Your question I replied to was about a TIPS fund vs international bond fund.
by stevewolfe
Sun Sep 04, 2016 3:27 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 84899

Re: TIPS - Did you give up?

Problem is there is "income risk" as Jack Bogle has said. That is when no check appears in the mailbox of the retiree (i.e. no cash flows from dividends), it is difficult to pay the bills! I'm not seeing the income risk - in order to maintain purchasing power, the inflation adjustment must be reinv...
by stevewolfe
Sat Sep 03, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 84899

Re: TIPS - Did you give up?

abuss368 wrote:I am curious if investors had to go with two bond funds, and assuming Total Bond was one of them, would the TIPS fund or Total International Bond fund be the second choice?
TIPS for me.
by stevewolfe
Tue Jul 19, 2016 8:57 pm
Forum: Personal Investments
Topic: Would you buy brokered CD's in a 401k brokerage?
Replies: 8
Views: 1023

Re: Would you buy brokered CD's in a 401k brokerage?

Not worth the hassle to me for brokered cds. Working in medicine I imagine you have enough to take up your time. Just stuck to bond funds or consider a IRA CD - there are a couple of good deals still out there. I'm not seeing how a brokered CD is a hassle but an IRA CD is not - and I own both. A la...
by stevewolfe
Wed Jul 13, 2016 8:52 pm
Forum: Investing - Theory, News & General
Topic: What if the fed never raises rates?
Replies: 23
Views: 4567

Re: What if the fed never raises rates?

Silence Dogood wrote:Didn't the Fed raise rates in December?
The voice of reason breaks through... :beer
by stevewolfe
Mon Jul 04, 2016 7:32 pm
Forum: Personal Consumer Issues
Topic: Sentra or Corolla?
Replies: 40
Views: 5847

Re: Sentra or Corolla?

My vote would be Corolla. My first was a 97 that I bought in 98 with 5,400 miles. I sold it in 2008 with 239,000 miles. Only repair besides routine maintenance was replacement of drivers side seat belt. I currently have an 2009 Corolla (purchased new when I sold the 1997) with 140,000 miles on it. L...
by stevewolfe
Thu Jun 30, 2016 7:00 pm
Forum: US Chapters
Topic: Abuss368 has 10,000 posts!!
Replies: 29
Views: 3879

Re: 10,000 posts!!

Congrats! I think 9,880 of them were about TIPS! *kidding* :beer
by stevewolfe
Sun Jun 26, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: Intermediate Term CD Strategy After Brexit
Replies: 8
Views: 1542

Re: Intermediate Term CD Strategy After Brexit

It appears that world economy would be in turmoil for the next '5' years due to the huge 'disruption' caused by BREXIT. Economy or markets? Fed would be forced to keep interest rates low for the a number of years. My crystal ball is cloudy. For a retiree in early 70's, it seems locking up (now) say...
by stevewolfe
Sun Jun 26, 2016 7:12 am
Forum: Forum Issues and Administration
Topic: BH [Bogleheads.org forum] is back!
Replies: 51
Views: 11607

Re: BH is back!

Thanks to the folks who spent their Saturday night in whole or in part to resolve any issues impacting the site availability. Everyone should keep in the front of their mind these folks are volunteers! Thanks again
by stevewolfe
Sat Jun 25, 2016 1:07 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 16826

Re: What did you learn from the post-Brexit bloodbath?

Tycoon wrote:I learned that it wasn't a bloodbath.
This. Diversification for the win.
by stevewolfe
Sat Jun 25, 2016 6:19 am
Forum: Investing - Theory, News & General
Topic: Active management in a low-return environment
Replies: 6
Views: 1054

Re: Active management in a low-return environment

Yes, I was fortunate that when I was ready to start investing that two family members I spoke with sent me to Vanguard and T. Rowe Price. I spent about 6 months researching and settled with a few funds from T. Rowe Price through their automatic asset builder program. Later, via some rollovers, etc. ...
by stevewolfe
Fri Jun 24, 2016 7:50 pm
Forum: Investing - Theory, News & General
Topic: Active management in a low-return environment
Replies: 6
Views: 1054

Re: Active management in a low-return environment

In general I agree costs matter. However I've been invested in T. Rowe Price Capital Appreciation (PRWCX) for 16+ years and continue to be happy with the decision along with our indexed investments. Vanguard has many low cost active funds - many folks here invest in, and are happy with, these funds....
by stevewolfe
Tue Jun 07, 2016 8:12 pm
Forum: Personal Consumer Issues
Topic: Recommendations for Dallas BBQ/TexMex Restaurants
Replies: 51
Views: 4535

Re: Recommendations for Dallas BBQ/TexMex Restaurants

When in Dallas for a Cowboys game we enjoy the following places: Riscky's and Cattleman's in the Fort Worth stock yard area; Babes Chicken (smoked is my choice) in Burleson (they have a few other locations like Arlington). Yes, despite being a chain, we do like Rudy's and usually go there once each ...
by stevewolfe
Mon Jun 06, 2016 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: new course "The Global Financial Crisis" at coursera.org
Replies: 6
Views: 1181

Re: new course "The Global Financial Crisis" at coursera.org

This looks very interesting, thanks for sharing!
by stevewolfe
Sat Jun 04, 2016 10:45 am
Forum: Personal Investments
Topic: Asset Allocation Advice - Challenge CFP Recommended Allocation?
Replies: 19
Views: 2234

Re: Asset Allocation Advice - Challenge CFP Recommended Allocation?

I don't think one will benefit very much from the suggested portfolio over the 3-fund portfolio unless one judiciously and opportunistically rebalances at appropriate times. Usually such rebalancing is too much for most people to consider. I think this nails it and wish this was presented more ofte...
by stevewolfe
Fri Jun 03, 2016 9:10 am
Forum: Personal Consumer Issues
Topic: Your Thoughts on Car Buying Services
Replies: 28
Views: 4577

Re: Your Thoughts on Car Buying Services

We recently used True Car via PenFed. The price we were quoted was on the screen when I called the dealership I wanted to buy from. I told the salesman what I wanted, he had it in stock. I told him to call me back with his best price, that I had purchased there before, we were looking at competing m...
by stevewolfe
Thu Jun 02, 2016 6:41 am
Forum: Personal Investments
Topic: When do YOU rebalance?
Replies: 65
Views: 7982

Re: When do YOU rebalance?

I have laid out these details in my IPS. In the scenario described, we would direct all new investments to stocks until we achieved our target stock allocation. This may take a considerable amount of time despite new monies going into stocks in tax deferred and taxable accounts. However, we don't lu...
by stevewolfe
Sun May 15, 2016 3:32 pm
Forum: Investing - Theory, News & General
Topic: Does T.R. Price add value for its investors
Replies: 43
Views: 8828

Re: Does T.R. Price add value for its investors

I started investing with TRP. They were one of the few fund families to have low/no minimums if you started investing via ACH monthly. Invested $50 per month in various funds for years. This is how we got started with them as well, initially with Capital Appreciation, Value and Mid-cap Growth funds...
by stevewolfe
Thu May 05, 2016 5:33 pm
Forum: Investing - Theory, News & General
Topic: Does T.R. Price add value for its investors
Replies: 43
Views: 8828

Re: Does T.R. Price add value for its investors

Couldn't help noticing that Larry didn't examine the performance of TRP capital appreciation which might be the most often owned TRP fund of people who visit this site. I assume the problem is that it is not comparable to any index fund or even a 60-40 mix which might be a reasonable comparison) Ag...
by stevewolfe
Tue May 03, 2016 6:35 pm
Forum: Investing - Theory, News & General
Topic: I Bond rates for May 1 announced
Replies: 69
Views: 14358

Re: I Bond rates for May 1 announced

Why is the Treasury keeping the fixed rate so low? It seems if they want people to save money in these bonds, they would make the return more attractive. Who wants to buy I bonds at these rates? Doesn't the treasury want to sell these? I will keep track of savings bonds sales this year and see if t...
by stevewolfe
Wed Apr 27, 2016 7:51 pm
Forum: Personal Investments
Topic: if you HAD to pick 2 actively managed funds???
Replies: 45
Views: 5341

Re: if you HAD to pick 2 actively managed funds???

I have invested in T. Rowe Price Capital Appreciation (PRWCX) for 16 years. On the international side I'd add Vanguard International Value (VTRIX).
by stevewolfe
Sun Apr 24, 2016 9:29 am
Forum: Investing - Theory, News & General
Topic: Is Vanguard's "Active" TIPS fund necessary?
Replies: 24
Views: 1770

Re: Is Vanguard's "Active" TIPS fund necessary?

Consider the math here: $2,000,000 investment portfolio. Retired and 70% allocated to bonds (i.e. $1,400,000). Of the 70%, 30% is sub-allocated to TIPS (i.e. $420,000). Assume $14 a share or $30,000 shares. Assume 9 cents a share in dividends (all in including inflations adjustment) for the year or...
by stevewolfe
Sat Apr 16, 2016 2:11 pm
Forum: Personal Investments
Topic: I Bonds before end of the month?
Replies: 20
Views: 5862

Re: Thanks #Cruncher

Thank you for all your time and effort that you so graciously give to explain the inner workings of I Bonds and TIPs. Your explanations are always welcomed even when I fail to grasp all the subtleties. I really appreciate your postings. MKT Agreed - a real treasure of information for this forum, mu...
by stevewolfe
Sat Apr 16, 2016 7:02 am
Forum: Personal Consumer Issues
Topic: Sport players Cards (Football, Baseball, Basketball), anyone collect?
Replies: 52
Views: 6106

Re: Sport players Cards (Football, Baseball, Basketball), anyone collect?

ClevrChico wrote:Anything 1980's and newer is pretty much worthless.
Most, not all. There are a number of cards that sell for good money, particularly when graded high (like a PSA 10). But the grading business has really hurt the value of raw cards.