Search found 218 matches

by clown
Sat Nov 14, 2020 10:10 pm
Forum: Personal Investments
Topic: 100% S&P?
Replies: 65
Views: 5924

100% S&P?

I'm a 75-year-old retiree seeking your opinion on the advisability of being 100% S&P500. Let me explain the thought process: Because bond yields are anemic and not going up with interest rates being almost zero, I have elected to go 100% S&P500 index except for 5 years withdrawals held in ca...
by clown
Sun Nov 08, 2020 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Which provider would you recommend
Replies: 13
Views: 1593

Re: Umbrella Insurance - Which provider would you recommend

I have auto insurance with USAA. When I contacted them about umbrella, they said they would be glad to write it -- but I would have to increase my auto liability coverage first. This worked to my advantage. Increasing the auto liability coverage was very inexpensive, and I got a lot of additional pr...
by clown
Tue Nov 03, 2020 1:01 am
Forum: Personal Consumer Issues
Topic: Flat tire fix kit
Replies: 42
Views: 2423

Re: Flat tire fix kit

My 2016 Chevy came with no spare. We are not always with easy reach of AAA, and I don't want to wait around for hours given wife's medical issues. In addition, a puncture may occur in a place that is not patchable. So I went to the dealer (cringe) and bought a donut wheel and went to a tire store to...
by clown
Thu Oct 29, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: is now a good time to go to cash in your portfolio?
Replies: 76
Views: 4944

Re: is now a good time to go to cash in your portfolio?

To OP IMO this is like owning a house. The only two days that matter is the day you buy it and the day you sell it. Changes in value in the interim are absolutely immaterial, "noise" as they say. IF you need all your money in the short term, then cash makes sense to me. IF you don't expect...
by clown
Mon Oct 26, 2020 11:53 pm
Forum: Personal Investments
Topic: Unitrust advice??
Replies: 24
Views: 1102

Re: Unitrust advice??

I was the beneficiary of a unitrust. PLEASE READ THE TRUST DOCUMENT IN FULL AND IN DETAIL. They are NOT all the same. In my case, I was to receive a 6% distribution unless the trust earned less than 6%, in which case I would get whatever the trust earned after trustee fees and administrative expense...
by clown
Mon Oct 26, 2020 11:47 pm
Forum: Personal Consumer Issues
Topic: Best place to sell used truck (1998)
Replies: 31
Views: 1795

Re: Best place to sell used truck (1998)

Not sure where you are located. I have had very good results with a private party used car/truck display lot in Berkeley CA. https://www.yelp.com/biz/buggy-bank-berkeley It is NOT a used car dealer. You pay a fee to park your car there, and interested parties come and look. When a buyer indicates th...
by clown
Sat Oct 24, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: College Merit Aid Question...
Replies: 43
Views: 2703

Re: College Merit Aid Question...

With all due respect, do we have the cart before the horse here? My wife is an RN, so I do understand that some nursing programs are better than others. DD may come out with an RN in any case, but may be a better prepared RN by going to a top flight school. I suggest she should identify the two best...
by clown
Fri Oct 16, 2020 7:56 pm
Forum: Personal Investments
Topic: Tax efficient way to convert single stock position to index fund
Replies: 25
Views: 2187

Re: Tax efficient way to convert single stock position to index fund

With all due respect to the previous responders, I recommend consulting a tax attorney in Florida to see what is permitted under Florida law. Previous responders may be from other states so their expertise may not be applicable to your situation. Buying an hour of attorney time is probably money wel...
by clown
Fri Oct 16, 2020 7:48 pm
Forum: Personal Investments
Topic: All in on VTSAX
Replies: 136
Views: 13187

Re: All in on VTSAX

I share your basic structure and am quite comfortable with it. As a retired person, I target 5 years withdrawals in cash with 100% of the rest in S&P500 index fund VOO. Could just as easily been VTSAX. The purpose of the large cash position to to insulate me from market swings. The market could ...
by clown
Fri Oct 16, 2020 7:22 pm
Forum: Personal Investments
Topic: Military Vet looking for advice on where to invest cash in Joint Taxable account
Replies: 13
Views: 991

Re: Military Vet looking for advice on where to invest cash in Joint Taxable account

Do you have an emergency fund? I don't see it listed above. Many recommend 6 months worth of expenses in ready cash. I suggest looking at online savings accounts. For a vet, I recommend Navy Federal Credit Union. Their rates are better than the banks. And all military service veterans are eligible -...
by clown
Tue Oct 13, 2020 12:21 am
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with not beating the market?
Replies: 142
Views: 10708

Re: How do Bogleheads cope with not beating the market?

I suggest reframing how you see things. By going passive with broad based low-cost index funds, or ETFs if you prefer, you get everything the market has to offer. Your returns are not "just average" because most investors get less than the market return. Focus on the really long run, not j...
by clown
Mon Sep 14, 2020 12:18 am
Forum: Investing - Theory, News & General
Topic: Chase performance all you want.. it doesn't need to matter
Replies: 111
Views: 8227

Re: Chase performance all you want.. it doesn't need to matter

To OP -- What evidence supports your assertion? It's fine to have an opinion, better to support it with what you consider as proof. Then a reasonable conversation can be had.
by clown
Mon Sep 14, 2020 12:13 am
Forum: Personal Investments
Topic: Maximum amount to put into retirement account per year
Replies: 10
Views: 1066

Re: Maximum amount to put into retirement account per year

Roth IRA.

But read up on recent changes in legislation applicable to Roth products.

The July 2020 issue of the Journal of the American Association of Individual Investors (www.aaii.com) has a good summary article titled Inherited IRA Rules Before and After the SECURE Act
by clown
Mon Sep 14, 2020 12:06 am
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7700

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

"Ultra aggressive" does not imply investment; it implies gambling. This is not the place to get gambling advice. May I suggest reading up on investing, starting with the wiki here at bogleheads.
by clown
Fri Sep 04, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Why should I be investing in a down or downing market for retirement?
Replies: 37
Views: 3195

Re: Why should I be investing in a down or downing market for retirement?

A 30 year old should be thrilled with down markets because they can buy more shares for the same number of dollars. The shares will be worth more in 35 years than today. A 70 year old, on the other hand, is in a completely different situation. As has been mentioned earlier in this thread, the 70 yea...
by clown
Fri Sep 04, 2020 1:39 pm
Forum: Personal Investments
Topic: Father has 300k+ as a 68 year old. What investing strategy would you advise?
Replies: 33
Views: 4553

Re: Father has 300k+ as a 68 year old. What investing strategy would you advise?

Rather than owning bonds, which pay interest that he does not believe in, how about the following approach. Keep a big piece in cash instead of bonds, and invest the rest in S&P500 index. In addition to avoiding interest, this would lessen the need to sell securities in a down market.
by clown
Fri Sep 04, 2020 1:18 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28429

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

To OP - What's more important - money or your relationship with your Dad?

(By the way, it's his money not yours.)
by clown
Sat Aug 29, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance or not
Replies: 7
Views: 600

Re: Refinance or not

Agree with Brad above. The fed is going to keep interest rates down. So no harm in waiting.
by clown
Sat Aug 29, 2020 6:36 pm
Forum: Personal Investments
Topic: What to do with unused emergency fund?
Replies: 39
Views: 3427

Re: What to do with unused emergency fund?

Sit on the emergency fund. Keep it super liquid. Cash, bank account, etc. The additional income offered by CDs, ladders, etc is insufficient to justify the risk IMO. It's like having auto or car insurance. You have the emergency fund because you need it (very wise) and hope you don't have to use it....
by clown
Fri Aug 28, 2020 4:20 pm
Forum: Personal Investments
Topic: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather
Replies: 62
Views: 6926

Re: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather

To OP - If your grandfather moves to Vanguard, he will automatically be a "Flagship" client (without the expense of PAS) and can call his dedicated flagship rep at any time. VG does not mind that at all. I occasionally have a question and the rep always says call me any time. That would en...
by clown
Fri Aug 28, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 9979

Re: Umbrella Insurance - Worst Case

To OP - I suggest that there is a risk in your situation that is not obvious. You are young, high income earners. A lawsuit against you could focus on your future earning power rather than current assets. Get the umbrella. It is cheap. One thing, I don't know how you get umbrella when you don't own ...
by clown
Fri Aug 28, 2020 3:56 pm
Forum: Personal Investments
Topic: Questions with individual stock picking
Replies: 33
Views: 1992

Re: Questions with individual stock picking

Some investors keep most of their $$ in index funds for performance, and carve out some small percentage for stockpicking to create excitement in their lives. Even if the picks go south, you will not have a catastrophe.
by clown
Fri Aug 28, 2020 3:53 pm
Forum: Personal Investments
Topic: Do I need to keep my money market account at Vanguard?
Replies: 4
Views: 572

Re: Do I need to keep my money market account at Vanguard?

Agree with livesoft; it complicates your life.
by clown
Fri Aug 28, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Cabin advice
Replies: 76
Views: 9318

Re: Am I crazy? Cabin advice

From my perspective, the cabin is not an "investment" asset -- it's a "lifestyle" asset. You buy it because it makes your heart feel good and because it makes family memories and may become a multigenerational family retreat. Not all assets are "investments;" think abou...
by clown
Thu Aug 20, 2020 3:57 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5549

Re: Please review my de-risking/cash-out plan

What are you going to do if the market is down for 6 years? Does your plan address that? I'd like to have that answer if i was you before making a plan for the good years. To nix4me - To assess the subject of market declines, may I recommend familiarizing yourself with work on this subject done by ...
by clown
Wed Aug 19, 2020 8:08 pm
Forum: Investing - Theory, News & General
Topic: How does one respond to this ethical/emotional critique of indexing?
Replies: 57
Views: 4299

Re: How does one respond to this ethical/emotional critique of indexing?

OP references an article written by a money manager, who by definition has a bias in favor of active and against passive. Consider the source and move on. Not worth getting worked up about. Do what you think will make you the most money. Remember that passive will outperform the overwhelming majorit...
by clown
Wed Aug 19, 2020 6:48 pm
Forum: Investing - Theory, News & General
Topic: Cannot Get Myself To Index
Replies: 29
Views: 3027

Re: Cannot Get Myself To Index

If you like the S&P500 (rather than a total market index), but are concerned about it being tech-heavy, you may wish to consider RSP -- an S&P500 equally weighted index fund, wherein each of the 500 companies gets 0.002% of the investment. This means you get more exposure to "value"...
by clown
Wed Aug 12, 2020 8:31 pm
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 9277

Re: Retiring this Friday. Now what?

OP mentioned being the "go-to" person, implying that he/she has great skills. I have friends who have joined the Service Corps Of Retired Executives (SCORE), a volunteer group that shares skills with new entrepreneurs who have hit a plateau and need additional skills to grow their companie...
by clown
Fri Jun 12, 2020 11:14 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 588
Views: 62900

Re: Why not 100% PSLDX?

In my opinion, there are better and less expensive choices, such as: Vanguard Balanced Index Vanguard Wellington Vanguard Wellsley All the above contain stocks and bonds in one fund, and have been around for a long time. Asset allocations are different in each fund, so do our homework. Check turnove...
by clown
Fri Jun 12, 2020 10:52 pm
Forum: Personal Consumer Issues
Topic: The non-mortgage pieces of buying a home
Replies: 18
Views: 2176

Re: The non-mortgage pieces of buying a home

Unless you are buying an as-is dog, the seller has a responsibility to sell you a sound home. Get the seller to pay for inspections BEFORE going into contract, so you can make the seller do repairs or lower your price accordingly. Unless home inspector is an expert, their roofing and sewer inspectio...
by clown
Tue Jun 09, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: How to deal with single stock friends
Replies: 41
Views: 3427

Re: How to deal with single stock friends

This isn't about "my dog is bigger than your dog." If they made money (this time), congratulate them and celebrate their success. It may be a while until the next time. In the meantime, rest easy knowing that you are pursuing the smarter long term strategy. This isn't a competition.
by clown
Tue Jun 09, 2020 9:21 pm
Forum: Investing - Theory, News & General
Topic: Increasing Cash Reserves
Replies: 32
Views: 3554

Re: Increasing Cash Reserves

I respectfully disagree with poster "livesoft" about bonds and cash. To each his/her own, of course. My thought goes like this. When interest rates are so low, they are more likely to go up than to go down -- meaning bond values will likely fall. If I hold an outsize position in cash, I ca...
by clown
Mon Jun 08, 2020 6:58 pm
Forum: Personal Investments
Topic: What if the index fund manager commits fraud?
Replies: 13
Views: 1386

Re: What if the index fund manager commits fraud?

@OP - please be specific as to the fraud you believe was committed.
by clown
Fri Jun 05, 2020 9:50 pm
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21467

Re: Markets back near all time highs - how are you feeling and path forward ?

I have 4 years expenses in cash, with the rest being 100% in S&P500. No fixed income. Outsize cash position allows me to sleep well, plus I don't have to worry about changes in interest rates (unknowable in advance) and how that will affect fixed income securities. As far as I am concerned, it i...
by clown
Fri Jun 05, 2020 9:42 pm
Forum: Personal Investments
Topic: Retirement income tax rate
Replies: 64
Views: 4120

Re: Retirement income tax rate

One possible strategy to mitigate this. If you retire before 65, convert Traditional IRA to Roth IRA. Since you will not have social security or RMDs yet, your income will be less so this is the time to do it. In the e short run, you may need to cough hard and pay the tax man (although best practice...
by clown
Tue Jun 02, 2020 7:30 pm
Forum: Investing - Theory, News & General
Topic: Should one permanently reduce REITs/RE because of COVID-19?
Replies: 18
Views: 2412

Re: Should one permanently reduce REITs/RE because of COVID-19?

For those individuals not in the intellegensia, what is WFH?
WTF?
by clown
Tue Jun 02, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: 100% Equity Investors: What are you holding?
Replies: 30
Views: 2897

Re: 100% Equity Investors: What are you holding?

100% S&P500. Easy peesy. No guessing sectors and funds. Ya gotta have the fortitude to handle the volatility. Sleeping well. Easy for my spouse to manage if I predecease. Easy for the heirs to deal with when the time comes.
by clown
Thu May 28, 2020 9:53 pm
Forum: Personal Investments
Topic: Favorite initial investor Vanguard mutual index fund; VTSAX
Replies: 34
Views: 2639

Re: Favorite initial investor Vanguard mutual index fund; VTSAX

I think it is interesting to note that Portfolio Visualizer shows their track record since 1993 being almost identical, with a 0.06% advantage to the S&P500 fund. Of course, we are limited by the time frame of only 27 years. Wish it were longer. https://www.portfoliovisualizer.com/backtest-portf...
by clown
Sat May 23, 2020 12:29 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39617

Re: The axe falls and I am prepared. What's next?

Sorry to hear that -- but good for you for being prepared. In my mind, you have plenty of assets and you are taking only small slips from your portfolio (in excess of interest and dividends earned). So the choice is pretty simple. If you absolutely love working, then seek another job. If not, then e...
by clown
Fri May 15, 2020 11:18 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Purchase Policy
Replies: 16
Views: 1805

Re: Updated Vanguard Purchase Policy

Or — go old school and call VG on the phone.
by clown
Wed May 13, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Appraiser is asking for more money in the middle of refinance process, legal?
Replies: 36
Views: 3400

Re: Appraiser is asking for more money in the middle of refinance process, legal?

I doubt the lender selected the appraiser. Because of “sweetheart” relationships between some banks and some appraisers, the appraisal management firms were created to be a buffer between the two. Lender submits appraisal request to appraisal manager who selects appraiser from among its panel of app...
by clown
Mon May 11, 2020 11:36 pm
Forum: Personal Investments
Topic: Vanguard S and P 500 ETF: VOO or VOOG
Replies: 10
Views: 1206

Re: Vanguard S and P 500 ETF: VOO or VOOG

How confident are you that growth will outperform? Do you have special sauce telling you for sure when value will outperform, so you can switch back and forth, pay the taxes, do all the work, and be ahead of the game over a long period of time?
by clown
Mon May 11, 2020 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Check Endorsement Problem-Question
Replies: 20
Views: 1377

Re: Check Endorsement Problem-Question

As a practical matter, tha banks not look at endorsements any more unless the item is REALLY large. As a prior poster suggested, draw a line through the endorse,ent pertaining to mobile deposit, initial it, and move on from there. Nobody willl know or care for a $6 item. About the reason for the mob...
by clown
Thu May 07, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3669

Re: 15 year mortgage vs 30 year payoff in 15

I think there is another strategy. Take the 30 year loan and make the 15year payment. Run am amort table and you will see that you reduce principal faster and save a ton of interest. If you start with the 30 and refi later into a 15, you start the new loan amortization path wherein most of the payme...
by clown
Tue May 05, 2020 3:24 pm
Forum: Personal Investments
Topic: Find myself with too much liquidity after *not* buying a house
Replies: 16
Views: 1462

Re: Find myself with too much liquidity after *not* buying a house

I vote for keeping the cash. The interest rate you get, or don't get, is immaterial. If you had purchased a house prior to corona, you would have spent the cash and would now be getting 0%. So anything you get will be better than 0%. Assuming you want to use it in 12-24 months, the important thing i...
by clown
Mon May 04, 2020 3:38 pm
Forum: Investing - Theory, News & General
Topic: What happens to Corporation stock when filing for bankruptcy?
Replies: 6
Views: 682

Re: What happens to Corporation stock when filing for bankruptcy?

The sort answer, almost all of the time, is people get paid in the following order: secured creditors - sometimes get made whole, often not. unsecured creditors - sometimes get some money, typically take some loss. stockholders - typically get Zero. So a stockholder should assume he/she will get zer...
by clown
Sun May 03, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: Is the Total Stock Market a Large-Growth Fund?
Replies: 37
Views: 3547

Re: Is the Total Stock Market a Large-Growth Fund?

Interesting that Wilshire has an equal-weighted index of the 750 largest stocks in the Wilshire 5000 universe -- essentially an equal-weight large cap index -- but to the best of my knowledge there is no security that tracks this index. Can't help but wonder why. Then there is the Russell-1000 equal...
by clown
Sun May 03, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: W2 and 1099 tax question
Replies: 5
Views: 265

Re: W2 and 1099 tax question

If you use Quicken (Deluxe or above versions), you can use the "What-If Worksheet." It is a bit hard to find nowadays. On Quicken's menu bar at the top of the screen, go to View > Forms Copy Column 1 (your historic year) to Column 2 (your estimate year) Check the box to apply 2020 ta rates...
by clown
Sat May 02, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6844

Re: Please help me unravel my parents mess

One other idea to toss into the mix for consideration. I am not necessarily "recommending" it, just that perhaps the concept should be considered and evaluated. Have they considered selling the annuity? While I am no expert, my understanding is that the purchaser calculates the present val...