Search found 136 matches

by clown
Thu Aug 29, 2019 8:33 pm
Forum: Personal Investments
Topic: Leave BAM for Vanguard or Fidelity?
Replies: 61
Views: 4689

Re: Leave BAM for Vanguard or Fidelity?

I recommend looking at fees as a percent of total return, not as a percent of assets. For purposes of instruction, let’s make the math easy. Let’s say you are getting a 3% return and paying management fee of 1% on a portfolio of $1 million $30,000 return ($1,000,000 x 3% $10,000 expense ($1,000,000 ...
by clown
Thu Aug 29, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: Purchasing a truck - thoughts?
Replies: 105
Views: 7025

Re: Purchasing a truck - thoughts?

Go to edmunds.com and check on reliability. That’s the real deal.
by clown
Thu Aug 29, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance shopping - good alternative to State Farm for auto, home, umbrella
Replies: 20
Views: 1349

Re: Insurance shopping - good alternative to State Farm for auto, home, umbrella

Is OP a vet? Or child of a vet? Any pay grade or branch of service. USAA is absolutely excellent in our experience. Cheap prices often mean substandard coverage. Most people don’t read the fine print for definitions, what IS covered, and what is NOT covered. Broad coverage, top notch service, and fi...
by clown
Thu Aug 29, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: Passive investing now controls nearly half the US stock market
Replies: 39
Views: 3652

Re: Passive investing now controls nearly half the US stock market

:oops: Surely each company in the S&P 500 has some knowledge of who their stock owners are. I think that Company X would know that Vanguard, for example, owns Z number of shares but NOT how many of Z are in funds versus how many in individual accounts. Individual shareholders own their shares in br...
by clown
Thu Aug 29, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust beneficiary is “unbanked”
Replies: 28
Views: 2060

Re: Trust beneficiary is “unbanked”

Is beneficiary under conservatorship? If so, I suggest talking to the conservator to gather info, then touch base with the lawyer who wrote the trust or lawyer specializing in clients having special needs. You want lawyer to have the full picture.
by clown
Wed Aug 28, 2019 4:44 pm
Forum: Personal Investments
Topic: What is a DC retirement account and what should I do with it?
Replies: 6
Views: 443

Re: What is a DC retirement account and what should I do with it?

OP has asked to questions, and only one has been addressed. Question #1 - what is a DC (:Defined Contribution") retirement account. In a DC account, the employer makes a specified (ie. defined) contribution to the employee's account, typically as a percentage of income. The employer has no further r...
by clown
Wed Aug 28, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Paying off 0% car loan early
Replies: 52
Views: 2728

Re: Paying off 0% car loan early

I vote for paying down the mortgage. Depending on how long you have had the mortgage, you may be in the phase where you are paying more interest than principal. If you reduce principal, then your interest expense will increase DRAMATICALLY over the life of the mortgage. Your monthly payment will be ...
by clown
Wed Jul 03, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains with minimal txes
Replies: 4
Views: 607

Re: Capital Gains with minimal txes

Thanks, Curmudgeon. I used to think I had exclusive title to the term curmudgeon but have subsequently found that not to be the case. To expand the vocabularv, I have coined a new adjective: curmudgeonly, describing a type of behavior. Just remember, you heard it here first. :D
by clown
Wed Jul 03, 2019 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains with minimal txes
Replies: 4
Views: 607

Capital Gains with minimal txes

Does anybody have a method for back-of-the-envelope estimating how much capital gains can be recognized without raising the seller into a higher tax bracket? Or maybe some reasonably prices software that does this job? Just a reasonably close estimate is all I'm looking for. Thanks much.
by clown
Tue Jul 02, 2019 10:48 pm
Forum: Personal Investments
Topic: Bond Allocation Doesn’t Fit In Tax-Deferred Accounts
Replies: 16
Views: 1420

Re: Bond Allocation Doesn’t Fit In Tax-Deferred Accounts

Time will fix this. At your age, you have plenty of time. Direct your tax-efficient contributions into BND. Problem solved. Poster NIX4ME has stated that an investor in his 30's should have Zero in Bonds. With all due respect to NIX4ME, his/her opinion may work for him/her but is immaterial with reg...
by clown
Fri May 31, 2019 10:05 pm
Forum: Personal Investments
Topic: Portfolio advice for a military member
Replies: 15
Views: 1005

Re: Portfolio advice for a military member

First and foremost, thank you for loving America enough to wear her uniform. You are privileged to do so. My input is to call USAA and ask them for guidance. I understand they have Certified Financial Planners available for free for all account sizes. As you may know, USAA caters to the military. No...
by clown
Fri May 10, 2019 7:03 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25833

Re: Crypto bulls are back. Are you getting in?

As I see it, the issue is not about whether crypto is an investment. Article I Section 8 clause 5 of the US Constitution gives congress the sole power to create money. Crypto was not created by congress and is not money. In my opinion, crypto is illegal and should be outlawed.
by clown
Fri May 10, 2019 6:55 pm
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 5028

Re: Recycling Different Plastics

Recycling is a BUSINESS, not an environmental feel-good exercise. In order to have a business, there must be a seller and a buyer. If there is no buyer, there is no market. That is what is happening to recycling, in my opinion. Some of the items many feel should be recyclable, are not recyclable bec...
by clown
Fri May 10, 2019 6:34 pm
Forum: Personal Consumer Issues
Topic: Hearing getting bad, which Hearing Aids would you recommend ??
Replies: 36
Views: 2844

Re: Hearing getting bad, which Hearing Aids would you recommend ??

The VA provides FREE top-of-the-line hearing aids to all veterans who need them. No need for a service-connected disability. I served 50 years ago and recently received a pair of Oticon aids. Retail about $6K. Absolutely free. Quoting from the VA webpage at https://www.prosthetics.va.gov/psas/Hearin...
by clown
Sat Apr 27, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4311

Re: Is ACH Billpay risky?

I spent 30+ years in the banking industry. When ACH transactions became commonplace many years ago, there were new Federal regulations put in place to protect consumers from the extremely rare problems. Talk to your banker and ask for an explanation about Regulation E. Alternatively, go to https://e...
by clown
Sat Apr 27, 2019 7:01 pm
Forum: Personal Consumer Issues
Topic: Metal roof- anyone switch from asphalt to metal?
Replies: 12
Views: 1567

Re: Metal roof- anyone switch from asphalt to metal?

We have a cabin about 40 years old. Replaced the original asphalt shingle roof with a metal roof about 10 years ago. The local fire regulations (California foothills) require metal roofs nowadays. We have been very pleased. In addition to being fire resistant, it is much quieter inside. If you want ...
by clown
Fri Apr 26, 2019 11:43 pm
Forum: Investing - Theory, News & General
Topic: 60/40 allocation criticism
Replies: 33
Views: 7110

Re: 60/40 allocation criticism

If an article appears in Forbes, that means absolutely nothing in and of itself. The author has his opinion, and his purpose seems to be developing new clients for his investment advisory business. His projection for a 60-40 portfolio's return is, in my opinion, in the ball park. To get a better ret...
by clown
Tue Apr 23, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Re-Examining an assumption: 45% bonds in retirement?
Replies: 95
Views: 12343

Re: Re-Examining an assumption: 45% bonds in retirement?

I offer a contrary view for your consideration. In the bear markets since 12-31-1945 (defined as declines of 20% to 39.9%), the S&P500 recovered in an average of 14 months . That is historical fact as reported in the October 2017 Journal of the American Association of Individual Investors by industr...
by clown
Tue Apr 23, 2019 9:10 pm
Forum: Investing - Theory, News & General
Topic: AA Question: How to represent cash in allocation
Replies: 13
Views: 889

Re: AA Question: How to represent cash in allocation

There is another alternative - - - buckets. It bucket #1, put the cash for 20x expenses. I think a more typical number might be 3-5x expenses, and maybe that will be reasonable after you begin taking SS. The concept here is to figure out your annual expenses, deduct your SS and pension, and then put...
by clown
Mon Apr 08, 2019 12:35 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2% bounced check fee!!
Replies: 42
Views: 5852

Re: IRS 2% bounched check fee!!

Let's be adults here. OP admittedly initiated an payment when the money was not in the bank. Being slippery about rationalizing the reasons, which may be true, does not change the fact that the money was not in the account when OP initiated the payment. Grow up and be accountable for your decision t...
by clown
Sun Mar 24, 2019 11:57 pm
Forum: Personal Investments
Topic: Role of Pensions and Social Security in Asset Allocation
Replies: 147
Views: 7550

Re: Role of Pensions and Social Security in Asset Allocation

Let's have a totally different look. The pension and social security income fund your lifestyle -- or a portion thereof. As I see it, the question becomes how much of your lifestyle needs to be funded from the portfolio and does the projected remainder of the portfolio last long enough that you will...
by clown
Sun Mar 24, 2019 11:34 pm
Forum: Personal Investments
Topic: Price ETFs during the weekends or before the market opens?
Replies: 21
Views: 1078

Re: Price ETFs during the weekends or before the market opens?

If you are indeed a truly long term investor, this whole topic is noise -- not worth your time. If you are going to hold the asset for 5 years, for example, a price difference of a few cents is insignificant. Use the time to do something fun.
by clown
Sun Mar 24, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: Extensive Car Damage from Road Debris
Replies: 3
Views: 770

Re: Extensive Car Damage from Road Debris

I am a non-expert, never been in the insurance industry. But I do have some experience. I believe that the word "collision" is typically defined to mean impact with another vehicle , which this is not; you should find a definition of the term in the fine print of your policy (typically definitions a...
by clown
Sun Mar 24, 2019 11:20 pm
Forum: Personal Investments
Topic: any disadvantage to holding a Vanguard fund at Fidelity?
Replies: 8
Views: 1212

Re: any disadvantage to holding a Vanguard fund at Fidelity?

Not sure what Fido charges, I buy VG funds in a Schwab account for an insignificant $4.95 so Fido charge is likely nominal.
by clown
Fri Mar 22, 2019 1:11 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance OR NOT
Replies: 4
Views: 541

Re: To Refinance OR NOT

I will freely admit to being old school. A person who signs the loan documents has an obligation to repay the loan. Student debt is horrible, and I am sorry that the amount is so big. You are the victims of "negative amortization" where the interest accrued each month is greater than the payment mad...
by clown
Fri Mar 22, 2019 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing 4.125% 30-year fixed mortgage
Replies: 25
Views: 2990

Re: Refinancing 4.125% 30-year fixed mortgage

I think the OP made the best point of all, during the original post itself. There is a bigger picture here. Here's what happens In California (I don't know about other states): 1. If the loan is a purchase-money loan (i.e. loan proceeds are used to fund the original purchase of the home), the lender...
by clown
Fri Mar 22, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Legal Contract for Loan from Parents
Replies: 18
Views: 1851

Re: Legal Contract for Loan from Parents

Agree on Virginia.

Some primary mortgage lenders object to having the paperwork drawn up / executed / recorded in the purchase escrow. They may having something buried in the fine print saying that the buyer expressly represents that there is no secondary financing. I have actually seen that.
by clown
Fri Mar 22, 2019 12:47 am
Forum: Personal Consumer Issues
Topic: Paris - Is It Safe?
Replies: 143
Views: 10350

Re: Paris - Is It Safe?

If OP is worried about terrorist activities, then deciding not to go is giving in to the terrorists and letting them inimidate you. When the skies were opened after September 11th, we were on the first plane out of Oakland for a planned vacation. I refuse to let the terrorists win. After all, in the...
by clown
Fri Mar 22, 2019 12:41 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 112
Views: 15741

Re: Moving from Vanguard to Merrill Edge

With respect, allow me to be a skeptic. Do you think ME is setting these up to benefit YOU? Or does it seem more likely that they are setting these up to benefit MERRILL? The answer should be pretty clear. In the long run, it benefits THEM or they wouldn't be doing it. It's just like buying the new ...
by clown
Mon Mar 18, 2019 10:56 pm
Forum: Personal Investments
Topic: How to get over a $25K stock market loss?
Replies: 125
Views: 11398

Re: How to get over a $25K stock market loss?

@ OP FACT - every single investor makes mistakes from time to time. So we have all been in your shoes. Most just don't admit it, sometimes not even to themselves. Decide on an asset allocation that makes YOU comfortable considering YOUR own unique situation. And then stick to it no matter what the "...
by clown
Mon Mar 18, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Increase in Long Term Care Insurance for My Parents - Can They?
Replies: 65
Views: 5619

Re: Massive Increase in Long Term Care Insurance for My Parents - Can They?

Some posters have mentioned running down the assets and then letting Medicare take care of things. Have you actually SEEN a Medicare facility? They are nowhere near as nice as private pay facilities. Your parents deserve better than bare-bones. I recommend paying the new rate. $300 a month versus th...
by clown
Mon Mar 18, 2019 10:17 pm
Forum: Personal Investments
Topic: Vanguard: "Your Account Needs to be Transitioned"
Replies: 27
Views: 6629

Re: Vanguard: "Your Account Needs to be Transitioned"

We transitioned a few months back with absolutely no problems, and were able to own MFs in the brokerage account. I have also bought some new MFs from within the brokerage account. My reading of the tea leaves -- having one system to maintain is cheaper than maintaining two platforms. Vanguard saves...
by clown
Mon Mar 11, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: What is the maximum I can spend on a car?
Replies: 36
Views: 3058

Re: What is the maximum I can spend on a car?

"How much can I spend?" is the wrong question, in my view. The better question is --- how little can I spend to get what I absolutely need? Good suggestions above about buying used. I have bought from rental companies with good results, and was shown maintenance records without having to ask.
by clown
Mon Mar 11, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: How much Auto/home liability insurance do I really need?
Replies: 18
Views: 1612

Re: How much Auto/home liability insurance do I really need?

You can drop your home/auto premiums very significantly by getting the highest deductible you can afford. Ask your insurer for different quotes assuming different deductibles. In my experience, high deductibles make the premiums drop like a rock. Decades ago, $50 deductible was common because that w...
by clown
Fri Mar 08, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tire protection plans?
Replies: 18
Views: 878

Re: Tire protection plans?

I think a lot of this depends on the car you drive and the tires you demand -- normal or high performance. One of our cars is a Chevy Malibu and its OEM tires (purchased aftermarket, not at dealer) cost $221 each - plus installation, balancing, and taxes. The other car is an Audi and its OEM tires c...
by clown
Fri Feb 15, 2019 10:19 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 8900

Re: Did you get spooked by the December 2018 fall and gave up on passive?

With all due respect, I would recommend that OP needs to go back and learn a LOT more about market history. Also he would be well advised to learn about reversion to the mean. Finally, I would suggest hunting to find a chart that shows the top performing asset class for each of the last 50 or so yea...
by clown
Thu Dec 20, 2018 11:59 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 18260

Re: Worst investing year ever....

Worst investing year EVER? I would respectfully suggest that OP doesn't know much history, or has a very short investing career, or both. While history may be boring and not sexy, it is instructive and thus worthwhile. Neglecting the notion of 70 asset classes, history tells us that correlations bec...
by clown
Thu Dec 20, 2018 11:39 pm
Forum: Investing - Theory, News & General
Topic: Bear Market - Mindset Expectations
Replies: 61
Views: 6632

Re: Bear Market - Mindset Expectations

As a retiree, I deal with this by maintaining 5 years of cash need - then 100% in index funds. Also, dividends go into the cash pot, so it's really more than 5 years need. It's like going to a tennis game. You watch the market go up and down with little concern because history says the market will c...
by clown
Sat Nov 24, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: Most secure bank
Replies: 23
Views: 1927

Re: Most secure bank

Out of the large banks: BOA, CITI, Chase, Wells Fargo which one is the most secure for holding your funds without getting hacked. Also which do you fee most comfortable holding money greater than FDIC amount. To the OP 1. No way anyone can tell. Whatever they are doing about cybersecurity is known ...
by clown
Mon Nov 12, 2018 12:18 am
Forum: Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 15432

Re: Are We In A Real Estate Bubble?

I disagree with the notion that changes in interest rates are a significant problem. Many act as if it's a crisis when rates rise by 1/4%. Hah! A 1/4% rise on a $500,000 loan is about $75 per monthly payment. On a nationwide basis, I doubt the average real estate loan is $500,000. So the impact is r...
by clown
Sun Nov 11, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Paying life insurance for parents
Replies: 13
Views: 1411

Re: Paying life insurance for parents

I agree that it makes sense to stop paying. Before you do that, however, there MAY be another approach worth exploring. Nowadays, insurance policies get sold just like other assets. You may be able to sell the policy to a company that buys them with the idea of cashing in on the policy when the insu...
by clown
Sun Nov 11, 2018 11:30 pm
Forum: Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 10110

Re: Move savings to Prime Money Market Fund (VMMXX)

Anyone know if there's a way to direct deposit payroll to Prime MM? If you hold Prime in a VG "Mutual Fund Account," it is the settlement account by definition -- into which you can deposit and from which you can withdraw. However, if you hold Prime in a VG "Brokeract Account" it is not the steelem...
by clown
Sun Nov 11, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Cards Will I Get Approved for with no Credit Score?
Replies: 7
Views: 774

Re: Which Credit Cards Will I Get Approved for with no Credit Score?

Secured card makes the most sense to me. From the bank's point of view, how can they justify extending credit to someone who has no credit background? After a few months (especially if you can pay the secured card off in full every month) you can ask to have the cash security returned to you. At tha...
by clown
Sun Nov 04, 2018 1:11 am
Forum: Personal Investments
Topic: Get out of Morgan Stanley!
Replies: 22
Views: 3110

Re: Get out of Morgan Stanley!

Two things that have been mentioned obliquely, and I would like to add clarity. First, there are basically two ways to move the money. Sell securities at MS and move the cash elsewhere. Or instruct MS to move the securities "in kind" to the investment firm of your choice. In that second case, they t...
by clown
Sun Oct 28, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard thinks I have a wash sale. Do I?
Replies: 42
Views: 5789

Re: Vanguard thinks I have a wash sale. Do I?

I think there is a bigger question here. Let's step back and get some perspective. Why so much hopping around in the first place? Market timing? Trying to tease out differences in various indexes? At first look, it seems like OP is making life needlessly complex.
by clown
Sun Oct 28, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming frugal
Replies: 81
Views: 11626

Re: Becoming frugal

I realize that OP is in the UK, so this may not apply. But - - - I put 15% of paycheck into the 401K plan (with employer partial match) for many years. With prudent investment, it grew very nicely. After retirement, when I was in a lower tax bracket, I converted into a Roth IRA and groaned when I pa...
by clown
Fri Oct 26, 2018 11:51 pm
Forum: Personal Investments
Topic: How to exit out of the Stock Market?
Replies: 58
Views: 6701

Re: How to exit out of the Stock Market?

Sophia - You're asking a lot of good questions. Congratulations on retiring soon, epecially considering all the resources you will have. Most folks don't have a pension PLUS social security PLUS the TSP plus I believe you mentioned a Roth. Good for you. I would like to address your question of "wher...
by clown
Sun Oct 14, 2018 1:48 am
Forum: Personal Consumer Issues
Topic: Need new email address. Gmail or ???
Replies: 70
Views: 5827

Re: Need new email address. Gmail or ???

We moved 5 yrs ago and the old provider has no service here. Got email address on Yahoo. Free and works well.
by clown
Sun Oct 14, 2018 1:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard does not recognize my restricted computer
Replies: 10
Views: 1667

Re: Vanguard does not recognize my restricted computer

Lots of companies (financial and others) do their computer system maintenance and upgrades in the middle of the night. I have seen VG notices announcing such events. Maybe tonight’s the night. Try again in the morning.
by clown
Sun Sep 30, 2018 10:34 pm
Forum: Personal Investments
Topic: Questions about portfoilo: VBIAX and VTSAX
Replies: 15
Views: 2318

Re: Questions about portfoilo: VBIAX and VTSAX

IMO, VTSAX is an excellent choice. VBIAX is a balanced index fund containing 60% stocks and 40% bonds. IMO, 40% in bonds is way too much for a 37 year old person -- even more so for one with a stable job and a stable employer and a stable pension. If you intend to retire at age 67, then you have 30 ...