Search found 611 matches

by Whakamole
Wed Jul 18, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 23
Views: 1064

Re: How Unclaimed Property Laws Can Affect Retirees

If they are IRA's with zero activity, what about the taxes? Do they just withhold (at max tax rate?) and send the rest to the state ? And what about penalties for those "underage"? And what about money in 403b/etc., plans - money that cannot be removed per rules? RM This was stated in the article W...
by Whakamole
Tue Jul 17, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: iBonds within a revocable trust
Replies: 6
Views: 289

Re: iBonds within a revocable trust

You absolutely can. You can even transfer bonds held individually into the trust.

https://www.treasurydirect.gov/indiv/to ... trusts.htm
by Whakamole
Mon Jul 16, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecasts are worse than a toss of a coin
Replies: 15
Views: 1557

Re: GMO 7 year forecasts are worse than a toss of a coin

Thanks for this! Yes, I remember now... GMO's forecasts usually get discussed in this forum... GMO was so sure that emerging markets stocks would outperform US stocks, and by a large amount. Don't forget timber : Jeremy Grantham, co-founder and chief investment strategist at GMO, the asset manager ...
by Whakamole
Sun Jul 15, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Brokers sell ETF order flow used to trade against clients
Replies: 24
Views: 1579

Re: Brokers sell ETF order flow used to trade against clients

Fortunately mutual funds have figured out a way to avoid the HFT's, that can be used by anyone : Place all buy-sell orders as Market-On-Close orders on the primary exchange. All buy and sell orders placed as Market-On-Close orders will be traded at the close in a single auction (so all the buys and...
by Whakamole
Thu Jul 12, 2018 8:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Seattle Area Chapter Meetings - Master Thread
Replies: 68
Views: 15122

Re: Seattle Area Chapter Meetings - Master Thread

Eastside. Perhaps make it in downtown Bellevue which, while the traffic is horrendous, at least has parking and a bus terminal for Seattle residents.
by Whakamole
Thu Jul 12, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Auto Tariffs: time to buy?
Replies: 63
Views: 3606

Re: Auto Tariffs: time to buy?

Yes, used car prices would creep up, too. Cash for Clunkers, which reduced the supply of used cars, didn't drive up prices that much: https://www.cars.com/articles/2011/10/cash-for-clunkers-two-years-later/ It's rather hard to say what impact it would have, or how much. Cars now are very reliable. ...
by Whakamole
Thu Jul 12, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10296

Re: COMING SOON: BOGLEHEADS PODCASTS

Grt2bOutdoors wrote:
Thu Jul 12, 2018 12:07 pm
Rick Ferri wrote:
Thu Jul 12, 2018 12:05 pm
What do you think about calling the podcast “Bogle’s Folly”

Comments?
Now Rick, the rules were the name must include the word "Bogleheads" in it. Seeing you're the host, I guess we could make an exception. Right Mel? :wink:
Bogleheads' Folly :beer

Looking forward to this podcast.
by Whakamole
Wed Jul 11, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1063

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

I'm not going to give an answer, but there's a great case of someone setting up a deal like this with a then-90 year old woman. The deal was structured differently, the buyer paid a certain amount per month, and would get the property when she passed. She ended up living until 122, outliving the buy...
by Whakamole
Wed Jul 11, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Personal Judgement-Florida
Replies: 12
Views: 2040

Re: Potential Personal Judgement-Florida

Or find a trust/estate lawyer who is knowledgeable about asset protection. If this is an ongoing lawsuit, I'd expect financial transactions to get scrutinized if it results in bankruptcy.
by Whakamole
Wed Jul 11, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1720

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

It sounds like he wants his pension to go to his kids and that's one way to potentially do it. But as noted, parents are not married, and only a spouse can collect on the Joint and Survivor option (as I understand it), unless possibly there is a court order (i.e., QDRO). Maybe he's thinking the ups...
by Whakamole
Wed Jul 11, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 26130

Re: free dinner investing seminar

Maybe I need to join AARP and get on the free dinner rounds. I'd love to learn how to sell the timeshare I don't own :beer
by Whakamole
Wed Jul 11, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Travel credit cards
Replies: 18
Views: 1454

Re: Travel credit cards

I got the CSR when the bonus was 100k and expected to dump it after receiving the second year credit and before the second year $450 fee. In the end we kept it as the benefits actually came in handy. The Priority Pass lounge access has proven worthwhile and now they are even offering restaurant cre...
by Whakamole
Wed Jul 11, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 8522

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

For ease of use, here is Taylor's table with the real return added: YEAR INFLATION BOND INDEX REAL BOND INDEX RETURN 1976 4.9% 15.6% 10.70% 1977 6.7% 3.0% -3.70% 1978 9.0% 1.4% -7.60% 1979 13.3% 1.9% -11.40% 1980 12.5% 2.7% -9.80% 1981 8.9% 6.3% -2.60% 1982 3.8% 32.6% 28.80% 1983 3.8% 8.4% 4.60% 198...
by Whakamole
Wed Jul 11, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversifying Through Reinsurance And Marketplace Lending Interval Funds
Replies: 50
Views: 3341

Re: Larry Swedroe: Diversifying Through Reinsurance And Marketplace Lending Interval Funds

Another thing to point out is that recommendations for alternatives are limited to 20% of a portfolio. In a 60% stock/40% bond portfolio, 10% could come from the stock side and 10% from the bond side. A reworked portfolio would be 50% stocks/30% bonds/20% alternatives. Larry and his firm have been ...
by Whakamole
Tue Jul 10, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Curious changes to TRP target date funds
Replies: 2
Views: 282

Re: Curious changes to TRP target date funds

I'm not sure how unusual that is. FSITX (Fidelity US Bond Index - think total bond) has changed their duration and maturity: * Current : 8.1 year average maturity, 5.93 year duration * Feb 2016 : 7.3 year average maturity, 5.3 year duration * Feb 2014 : 6.8 year average maturity, 5.3 year duration *...
by Whakamole
Tue Jul 10, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: A look at funds managed by the Vanguard Quantitative Equity Group (VUVLX, VSEQX, VSTCX, VMNFX, VMNVX, VASFX, VPGDX)
Replies: 23
Views: 6287

Re: A look at funds managed by the Vanguard Quantitative Equity Group (VUVLX, VSEQX, VSTCX, VMNFX, VMNVX, VASFX, VPGDX)

(Old Thread bump) So I was curious what VG charged for the commodities in their Managed Payout fund (which was recently changed to 7.5% of the portfolio), and was bored so I calculated it since all of the other ERs are known. The quoted ER for managed payout is 0.34%, which is 100% acquired fund fe...
by Whakamole
Mon Jul 09, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Amazon won't sell this book to me.
Replies: 68
Views: 8312

Re: Amazon won't sell this book to me.

I've gone through the checkout process with enough in my cart to qualify for free shipping, and been told that I had a choice between moving to Prime or paying for shipping. Eventually after backing out of the checkout page and changing the shipping address to home instead of work, it let me get fre...
by Whakamole
Sat Jul 07, 2018 12:45 am
Forum: Investing - Theory, News & General
Topic: The Worst U.S. Portfolio Disasters — A Historical Comparison
Replies: 66
Views: 5539

Re: The Worst U.S. Portfolio Disasters — A Historical Comparison

It seems like a good argument for a 50/50 portfolio over the long run. Maybe. But, i fear that looking at the data starting just before the meltdown periods may lead to the wrong conclusions. Not sure about the oil/stagflation shock of the 70s, but both the great depression and the tech bubble were...
by Whakamole
Mon Jul 02, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Computer/reading classes
Replies: 4
Views: 275

Computer/reading classes

I guess I'm old enough to now require reading glasses :oops: , and (my optician suggests) computer glasses as well, since I spend most of my day on a computer. I'm working with my optician to make the first set of glasses, but they are pretty basic - single vision, meant for the office/home. Thankfu...
by Whakamole
Mon Jul 02, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 9085

Re: Vanguard to offer non-Vanguard ETFs commission-free

TheDDC wrote:
Mon Jul 02, 2018 11:20 am
Will Invesco QQQ be included? That's really the only non-VG ETF I would be interested in buying at this point in my taxable holding. That would be huge since Vanguard does not seem to offer a decent NASDAQ fund.

-TheDDV
Not inverse or leveraged, so almost certainly.
by Whakamole
Fri Jun 29, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Anyone else having issues calling the Vanguard ETF number?
Replies: 5
Views: 330

Re: Anyone else having issues calling the Vanguard ETF number?

Why not do it online? You can't do it online. You can convert to Admiral shares, but not ETF shares, and unfortunately this fund doesn't have Admiral shares available for some reason (VFSVX, the international small-cap fund.) Calling the regular number worked, but they transferred me to another dep...
by Whakamole
Fri Jun 29, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: States that are investments/tax unfriendly?
Replies: 27
Views: 3191

Re: States that are investments/tax unfriendly?

Bottom line is that our climate in California, especially on the coast, equates to greater demand. Gas is more expensive and so is housing, but the cost is worth it not to have to ever shovel snow or crank the AC. Most houses, including ours don't even have AC. I would hate to live in the San Berna...
by Whakamole
Fri Jun 29, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Why is warren buffet okay with no owning any bonds?
Replies: 48
Views: 4578

Re: Why is warren buffet okay with no owning any bonds?

He owns over a hundred billion dollars worth of bonds, last time the number was reported: https://www.wsj.com/articles/playing-with-100-billion-warren-buffett-is-giant-trader-of-u-s-treasury-bills-1519381801 Technically they are bills which are short-term duration bonds, but I think most people here...
by Whakamole
Fri Jun 29, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Anyone else having issues calling the Vanguard ETF number?
Replies: 5
Views: 330

Anyone else having issues calling the Vanguard ETF number?

I'm trying to call to exchange some mutual fund shares into ETF shares. In rough order after calling their ETF hotline and pressing "2" (the option if you want to buy ETFs or do an exchange):
- five minute ring, no answer
- immediate hangup
- three minute ring, no answer
- immediate hangup
by Whakamole
Wed Jun 27, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 16474

Re: IRS publishes draft 2018 1040 - Huge changes made

A previous poster mention estimated tax payments being moved off. I've never paid them. I understand that impacts mainly self-employed people, of which there are many, but those people are never going to be able to use a one-page form anyway since they are probably itemizing. They aren't the target...
by Whakamole
Tue Jun 26, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 over Vanguard Total (US) Stock Market
Replies: 45
Views: 5024

Re: Vanguard 500 over Vanguard Total (US) Stock Market

I think you're misunderstanding what I said. As the SEC says: "Mutual fund investors can readily redeem their shares at the next calculated NAV—minus any fees and charges assessed on redemption—on any business day. Mutual funds must send investors payment for the shares within seven days, but many ...
by Whakamole
Tue Jun 26, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 16474

Re: IRS publishes draft 2018 1040 - Huge changes made

The new 1040 no longer has a line for deductible contributions to an IRA (Line 32 of the previous form). Everything is still there but they have moved everything to schedules. Line 32 of the previous form is there on Schedule 1 line 32. It seems the IRS goal was to get a one page 1040 possibly to f...
by Whakamole
Mon Jun 25, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Minus International Bonds
Replies: 5
Views: 707

Re: Vanguard LifeStrategy Minus International Bonds

Depending on how aggressive in stocks you want to be, there's also FFNOX (Fidelity Four-In-One) that's 60% Total Market, 25% International, and 15% US Bond Index. Note that they still have the older Fidelity "total international" fund that excludes emerging markets and small caps. The Fidelity Freed...
by Whakamole
Mon Jun 25, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6683
Views: 1449815

Re: U.S. stocks in freefall

Why do people say the market is volatile when it goes down 1% in a day but not when it goes up 1% in a day? :confused
by Whakamole
Wed Jun 20, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13905

Re: Oh my! Cardone says we need $10m net worth

$300K is a lot/enough only if you're selfish. Imagine you're in a high cost of living area. Start at $300K. $120K to taxes. $60K to send 2 or 3 kids to private school. $50,000 to pay your rent/mortgage. Guess what? You are now in poverty . What if you want to eat at a nice restaurant? What if you w...
by Whakamole
Mon Jun 18, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3054

Re: nheritance by U.S. Citizen from Former U.S. Green Card Holder

This seems like a better question for an estate attorney.
by Whakamole
Wed Jun 13, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Diversified portfolio but still too much Apple, Microsoft, etc.
Replies: 13
Views: 1515

Re: Diversified portfolio but still too much Apple, Microsoft, etc.

There is an S&P 500 index fund that excludes tech and telecom, SPXT, so it excludes some of the biggest holdings (like Apple, Google, Microsoft, etc.) Notably it does not exclude Amazon, which is considered a retail company, nor other top-10 holdings like Berkshire Hathaway, Exxon, etc. I think it's...
by Whakamole
Wed Jun 06, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3243

Re: Social Security crossover point has arrived

At $7900 limit (forgot the exact limit) regardless of income is the first thing they should fix. Person who makes 1M and person who makes 125K both pay about the same amount to SS. That makes no sense to me. The person who made 1M would get the same SS benefits as the person who made 125K. Social S...
by Whakamole
Wed Jun 06, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3243

Re: Social Security crossover point has arrived

At age 70 I expect to do nothing about it. It seems logical to me that those still paying in to either program will have to pay in more to cover the deficit. It would seemingly be the lesser of evils than cutting benefits to those receiving them. why would a millennial start paying in more to cover...
by Whakamole
Thu May 31, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: General Electric
Replies: 57
Views: 6858

Re: General Electric

I remember all the financial companies that "survived the Great Depression" - Lehman Brothers, Bear Stearns, etc. - that did not survive the last recession. There's nothing preventing GE from failing, or even from settling into a long period of mediocre returns.
by Whakamole
Thu May 31, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: steel cut oats in bulk
Replies: 50
Views: 4190

Re: steel cut oats in bulk

https://shop.honeyville.com/steel-cut-oats.html Comes in a #10 can - think those large cans of marinara/nacho cheese sauce/etc. you see at warehouse clubs. This is not the only brand, there are many others. These are typically sold for "preppers." Advantages: - It's a good compromise between buying ...
by Whakamole
Thu May 31, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: New York Times-Fidelity, Bruised From Crises, Searches for Life After Mutual Funds
Replies: 12
Views: 2299

Re: New York Times-Fidelity, Bruised From Crises, Searches for Life After Mutual Funds

I don't know if people have a lot of ETF choices as opposed to traditional mutual funds in 401Ks, but I'll bet if they did, the outflows from funds would be even greater. That would be a big gap for Fidelity - they offer most iShares ETFs for free, so people who prefer ETFs will buy IVV (iShares S&...
by Whakamole
Tue May 15, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6363

Re: Neighbor wants to use our land temporarily - let them or not?

I've never met the neighbor. They are only there six years. This is getting more complicated. It seems the neighbor has been using the land without asking. The grass cutting service couldn't cut a portion of the lot due to construction materials. Grass cutter asked the neighbor if they have permiss...
by Whakamole
Tue May 08, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buying new car or buying used car
Replies: 91
Views: 5463

Re: Buying new car or buying used car

Here is another example: Subaru Outback 2018 - good price $28k, best price $26k on Truecar 2016 - $18-19k 2015 - $16.5k So a 3 year old car can be about 40% off. 2 year old is approaching 30% off. Point is that I found these with barely any searching - very easy to find these deals. These are local...
by Whakamole
Thu May 03, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6683
Views: 1449815

Re: U.S. stocks in freefall

Not again :oops:
by Whakamole
Wed May 02, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Benchmark Changes Over Time
Replies: 13
Views: 2430

Re: Total Bond Market Benchmark Changes Over Time

The Vanguard Total Bond Market benchmark has changed over time. The percentage on Treasury bonds has been as high as 50% and as low as 21%. In addition, the benchmark changed to float-adjusted after to financial crisis to take out Treasury bonds and other debt on the Feds balance sheet. An article ...
by Whakamole
Wed May 02, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11493

Re: Amazon to raise Prime membership in US to $119 from $99

I had no idea. That seems like total bs to me! You paid for an entire year, sucks that they can just cut it off like that! When you cancel, you keep the service until your membership is finished. [/quote] Weird, I canceled earlier this year (before the announced price increase) and was refunded alm...
by Whakamole
Mon Apr 30, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: When to buy a new car (need to find a Boglehead way)
Replies: 34
Views: 2863

Re: When to buy a new car (need to find a Boglehead way)

I see the 150K miles number brought up. As someone who is a few hundred miles shy of 150K in their car - is there a specific reason for that number?
by Whakamole
Sat Apr 28, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10916

Re: Wedding - financial burden on couple and attendees

Sometimes a local wedding can become a destination wedding for some of the guests. We had a local wedding in the US where we lived, but my parents had to fly in from Germany, and my best man had to fly in from Chicago. I do not remember if I even thought about their costs, was probably too much inv...
by Whakamole
Sat Apr 28, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5723

Re: [Vanguard account locked out due to deceased owner]

What happens with a checking account where various companies (credit cards, car/mortgage loans, utilities, insurance companies, newspapers, etc) are automatically pulling payments each month. Would the bank not allow that if the account holder died and the bank was notified or found out? Most of th...
by Whakamole
Sat Apr 28, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5723

Re: [Vanguard account locked out due to deceased owner]

What happens with a checking account where various companies (credit cards, car/mortgage loans, utilities, insurance companies, newspapers, etc) are automatically pulling payments each month. Would the bank not allow that if the account holder died and the bank was notified or found out? Most of th...
by Whakamole
Fri Apr 27, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2964

Re: Do you sell or donate unused items?

Those old video games may be worth more than you think. I recently had an old CRT TV (remember those? the heavy ones?) and thought I would have to haul it to the recycler. Instead someone who collects and plays old video games (made when CRT TVs were still in production) took it off my hands. My und...
by Whakamole
Fri Apr 27, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11493

Re: Amazon to raise Prime membership in US to $119 from $99

Been meaning to try Walmart/Jet 2-day shipping. Here is my excuse. Shoprunner is also a good service - affiliated stores give you free 2-day shipping. I have it for free because of my Amex card though you do not have to use your Amex card for the purchase. I use it mainly for Newegg but they have a...
by Whakamole
Fri Apr 27, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: New 401K funds - help me understand costs
Replies: 5
Views: 515

Re: New 401K funds - help me understand costs

What I wrote is quoted from the communication. And my calculation is from their calculation example (using my own example). This is why I am confused - it seems extremely inexpensive. I work for a fortune 50 company so maybe due to its size, they are able to offer these prices? I work for a Fortune...