Search found 1403 matches

by BogleMelon
Thu Sep 20, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 29
Views: 1602

Re: Simple-minded sayings?

Not on this forum, but I consistently see the below sayings from friends and acquaintances all the time - Rent is throwing money away - But at least it would be called your own home (after proving to someone with math and solid numbers that he would be better off renting based on his own assumptions...
by BogleMelon
Thu Sep 20, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3264

Re: Should I bother meeting with a Chase Private Client Rep

Taylor Larimore wrote:
Wed Sep 19, 2018 7:25 pm
Remember these words by Boglehead advisor Bill Bernstein:
ACT AS IF EVERY BROKER, INSURANCE SALESMAN, MUTUAL FUND SALESPERSON, AND FINANCIAL ADVISOR YOU ENCOUNTER IS A HARDENED CRIMINAL, AND STICK TO LOW-COST INDEX FUNDS, AND YOU'LL DO JUST FINE."
Wasn't that William J. Bernstein?
by BogleMelon
Thu Sep 20, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3264

Re: Should I bother meeting with a Chase Private Client Rep

FGal wrote:
Wed Sep 19, 2018 9:57 am

the stuff they had me in made zero sense,
Can you tell us what were these stuff?
by BogleMelon
Thu Sep 20, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 55
Views: 4603

Re: THE SHED AT DULWICH

"I Made My Shed the Top Rated Restaurant On TripAdvisor" https://www.vice.com/en_uk/article/434gqw/i-made-my-shed-the-top-rated-restaurant-on-tripadvisor ... I worked other jobs. There was one in particular that really had an impact on me: writing fake reviews on TripAdvisor. Restaurant owners woul...
by BogleMelon
Thu Sep 20, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 55
Views: 4603

Re: Don't trust Tripadvisor reviews

Off the top of my head, I have between 80 to 100 reviews there and I haven't had that problem. I have at least a few 1 and 2 star reviews. I do know that they remove things that they think others would find offensive, so they may have decided that no one wants to see blood stains. I have posted pic...
by BogleMelon
Thu Sep 20, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 55
Views: 4603

Re: Don't trust Tripadvisor reviews

As to Trip Advisor, if the OP gave it one star and indicated in the review all those negative things, I would think the pictures are probably not necessary though it is annoying they would drop them. I actually gave it 2 stars as I was trying to be fair. Their food was good, and that is the reason ...
by BogleMelon
Thu Sep 20, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 55
Views: 4603

Re: Don't trust Tripadvisor reviews

Not sure when people will realize this but most reviews online are fake. It’s a huge business, especially on Amazon. Go look at a site like Trustpilot, businesses pay them to contact their “customers” to solicit positive reviews. Companies end up competing in ranking wars just like SEO wars. Whatev...
by BogleMelon
Thu Sep 20, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 55
Views: 4603

Don't trust Tripadvisor reviews

Hi, Recently I booked a resort (outside US) for me and my extended family (wife, parents and in-laws). The reviews on Tripadvisors looked very promising and it shows the resort ranking 5th out of around 230 resorts and hotels in the area. However, our stay was horrible, the hotel was super dirty, an...
by BogleMelon
Wed Sep 19, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3264

Re: Should I bother meeting with a Chase Private Client Rep

Why don't you ask him "what is the meeting will be about"? Probably another salesman who wants to sell you some kind of crappy investment, or could be regarding your mortgage details.. Just call and ask him.. It's about showing me options the bank has to better suit my needs, or so I'm told. So ano...
by BogleMelon
Wed Sep 19, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 45
Views: 2268

Re: Why should bond duration = investment horizon?

This is my understanding. Other bond experts here could correct me if I am wrong or not accurate.. Bonds NAV are changing through the life of bond because of so many factors, but at the maturity date you should get what you have promised to get. So in other words, selling premature bonds involving N...
by BogleMelon
Wed Sep 19, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3264

Re: Should I bother meeting with a Chase Private Client Rep

Why don't you ask him "what is the meeting will be about"?
Probably another salesman who wants to sell you some kind of crappy investment, or could be regarding your mortgage details.. Just call and ask him..
by BogleMelon
Wed Sep 19, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: Stock market scenarios
Replies: 12
Views: 872

Re: Stock market scenarios

Welcome to the forum. Just like most of people here, if and whenever an asset class fall in price, I rebalance.. Meaning: buying more of that asset. I don't care about a decade from now. I care about my retirement years, and that is why I invest and take risk. My retirement starting should be no les...
by BogleMelon
Sat Sep 15, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule revisited
Replies: 44
Views: 5003

Re: The twenty dollar rule revisited

I use YNAB
by BogleMelon
Sat Sep 15, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 9891

Re: Age in Bonds - Still Recommended?

My asset allocation is related to my financial goals not to my age. The more I get closer to my goal, the more my allocation becomes conservative. Why would I take risk if I don't need to?
by BogleMelon
Thu Sep 13, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2165

Re: How to stay the course when you “think” you can outsmart the market

For example with the hurricane approaching I thought it would be a smart move to buy Generac Huge amount of investors thought the same, and went to buy Generac once they heared about the hurricane. Some of them use high speed machines to execute buying orders very fast once the news is published. T...
by BogleMelon
Fri Aug 24, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13279

Re: 2000-2018 retirement - sequence of returns

HomerJ wrote:
Fri Aug 24, 2018 12:28 pm

Here's a 50/50 stocks/bonds portfolio

Does this include any rebalancing of any kind (rebalancing by withdrawing more bonds than stocks during the crash years for example)?
by BogleMelon
Fri Aug 24, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13279

Re: 2000-2018 retirement - sequence of returns

Thanks for posting this. After reading your post and analysis, I went to check my IPS and found that my plan states that once I hit 17X my annual spending in retirement savings, my AA will be 50-50. Till then it will be gradually increasing towards bonds as I am currently 85-15. By the time I hit th...
by BogleMelon
Fri Aug 24, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7663

Re: I still use cash not credit cards should I reconsider?

I play the CC points game, and I love it. Not making me rich, but it is something I enjoy anyways. I also track every single purchase I do, regardless of how I pay. I spend based on the category budgeted amount, not based on cash on hand or CC limit. I also pay my CC every 2 or 3 days! I hate to see...
by BogleMelon
Thu Aug 23, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurance - Collision premium
Replies: 12
Views: 709

Re: Auto insurance - Collision premium

FWIW I only insure for events that could affect my overall financial well-being so I do not carry collision coverage. If you are like most Bogleheads you can replace the car without it affecting you significantly. I am not saying you would like it but you could do it. Most BH are also better than a...
by BogleMelon
Mon Aug 20, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3659

Re: Money Market Funds vs. Online Banks

Guys, you got me a bit confused here. I have most of my EF in Prime MM, but now it looks not that safe. So what is the next safest MM fund in Vanguard that can be used? Or do you suggest to return it back to Ally and call it a day?
by BogleMelon
Sun Aug 19, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: 'Online Banking – School Me’ 2
Replies: 27
Views: 2345

Re: 'Online Banking – School Me’ 2

Not sure if that will make you feel better, but Ally is not just a www.website.
Here is where it physically located:
1100 Virginia Dr, Fort Washington, PA 19034

Image
by BogleMelon
Sun Aug 19, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3659

Re: Money Market Funds vs. Online Banks

Money is accessible via tens of thousands of ATMs worldwide , no fees. For Ally, it has to be Allpoint ATM, otherwise there are fees Ally will reimburse atm fees at least up to some limit According to Ally: There's no charge to use any Allpoint® ATM in the U.S., plus we reimburse up to $10 at the e...
by BogleMelon
Sun Aug 19, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3659

Re: Money Market Funds vs. Online Banks

enterobacter wrote:
Sun Aug 19, 2018 10:46 am
I have been using Ally but have been thinking about putting some money into the money market as well. Newbie question - what type of account do ppl put this in at VG? Do you open a separate account?
Brokerage (taxable) account
by BogleMelon
Sun Aug 19, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3659

Re: Money Market Funds vs. Online Banks

Money is accessible via tens of thousands of ATMs worldwide , no fees. For Ally, it has to be Allpoint ATM, otherwise there are fees Ally will reimburse atm fees at least up to some limit According to Ally: There's no charge to use any Allpoint® ATM in the U.S., plus we reimburse up to $10 at the e...
by BogleMelon
Sun Aug 19, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3659

Re: Money Market Funds vs. Online Banks

RickBoglehead wrote:
Sun Aug 19, 2018 6:50 am
Money is accessible via tens of thousands of ATMs worldwide, no fees.
For Ally, it has to be Allpoint ATM, otherwise there are fees
by BogleMelon
Thu Aug 16, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 4935

Re: How to Underperform the Market

Just one simple reason IMHO: it is impossible to predict the future. You can't tell in advance who will be the next Netflix and who will be the next Enron. It is as simple as that. The rest of the other complicated reasons are just a consequence of that one major reason. i.e: give me a crystal ball ...
by BogleMelon
Thu Aug 16, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve travel insurance
Replies: 33
Views: 3600

Re: Chase Sapphire Reserve travel insurance

I had to cancel a flight due to being forced to work when I was previously scheduled off. I called and stated my case that did not qualify for reimbursement under cancellation policy. They said I could submit and application but I just ate the $300. I could have lied but wasn’t worth it. Why go thr...
by BogleMelon
Tue Aug 14, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me to choose a bond fund
Replies: 1
Views: 253

Please help me to choose a bond fund

What would you choose (in a 401K plan) as a bond fund and why:
1- DCP STABLE VALUE (Guaranteed return currently is: 2.33%) or
2- Core Bond Enhanced Index / PGIM Fund ER: 0.25% fund fact sheet

Thanks!
by BogleMelon
Tue Aug 14, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Return Protection: Citi Doublecash
Replies: 12
Views: 1350

Re: Return Protection: Citi Doublecash

I am not sure if you have a question or you just giving us heads up about the bank practices, but I personally have 2 opposite experiences with Citi Card. 1- I disputed an amount, and the chat representative immediately honored the amount (probably the bank ate it since it was small amount) 2- I tri...
by BogleMelon
Tue Aug 14, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1046
Views: 80874

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Bonds have been underperforming lately. Are you cutting back on those too? Perhaps you should consider buying only the top performing asset classes in the last 10 years and report back in 10 years how you did. +1 OP: How about buying Bitcoins? :twisted: I know you're being sarcastic, but all the pe...
by BogleMelon
Tue Aug 14, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1046
Views: 80874

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

michaeljc70 wrote:
Tue Aug 14, 2018 11:42 am
Bonds have been underperforming lately. Are you cutting back on those too? Perhaps you should consider buying only the top performing asset classes in the last 10 years and report back in 10 years how you did.
+1
OP: How about buying Bitcoins? :twisted:
by BogleMelon
Mon Aug 13, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with 401k and 403b fund choices
Replies: 3
Views: 302

Re: Help me with 401k and 403b fund choices

PGIM Core Bond Enhanced Index Fund, ER 0.38%, appears to be an actively managed Separate Account, benchmarked to the Bloomberg Barclays U.S. Aggregate Bond Index, see this pdf . It is not an index fund. It looks like a closet index fund (see Investopedia, "closet indexing" ), meaning that although ...
by BogleMelon
Mon Aug 13, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4665

Re: Making money last through retirement

I will answer only the things that I know, and will leave the rest to others.. 1. Should I keep the Vanguard accounts as they are? Yes I've considered a more conservative mixture of stocks and bonds, but also am still open to the annuity idea. If you want an annuity then consider a SPIA. All other a...
by BogleMelon
Sun Aug 12, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with 401k and 403b fund choices
Replies: 3
Views: 302

Help me with 401k and 403b fund choices

Hi, I am trying to replicate the 3-fund portfolio using both Vanguard Roth IRA (me and spouse), my 401K and my spouse 403b. No problem of course with the Vanguard funds. Both my 401K and my DW 403b is with Prudential. I use the following 2 funds for the US stock section: In my 401K I have Dryden S&P...
by BogleMelon
Sun Aug 12, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: VMMXX vs I-Bonds vs High Yield saving account vs ... ?
Replies: 25
Views: 2835

Re: VMMXX vs I-Bonds vs High Yield saving account vs ... ?

My EF is between I bonds, and VMMXX. Keep in mind that the Ibonds consists of 2 pieces, fixed rate and variable rate. You may find this helping: https://seekingalpha.com/article/416798 ... since-2009
by BogleMelon
Fri Aug 10, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7684

Re: Rude response from boss re: market adjustment

Dottie57 wrote:
Fri Aug 10, 2018 9:26 am
I have never heard of a market adjustment. Is this a raise? In my last job, an upward change in salary was due to performance, not market.
Sure you can ask about inflation adjustment. If you had agreed on an offer of say $50K/yr in 2004, that is not $50K now! But of course they can say "no"!
by BogleMelon
Thu Aug 09, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2225

Re: Do Airlines measure checked baggages?

<snip> The personal item will be a backpack to put a DSLR and a Laptop in it. Any idea if a backpack is OK as a personal item? They are so vague in their website about that. Actually, the website seems clear on carry-on specifications: Economy Class: 1 x cabin bag with a maximum weight of 7kg and m...
by BogleMelon
Thu Aug 09, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2225

Re: Do Airlines measure checked baggages?

<snip> The personal item will be a backpack to put a DSLR and a Laptop in it. Any idea if a backpack is OK as a personal item? They are so vague in their website about that. Actually, the website seems clear on carry-on specifications: Economy Class: 1 x cabin bag with a maximum weight of 7kg and m...
by BogleMelon
Thu Aug 09, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2225

Re: Do Airlines measure checked baggages?

Etihad announced in June that they were going to be very strict with in cabin baggage (nothhing specifically about checked baggage), supposedly due to the summer season rush but probably actually to improve profitability (Etihad is not doing great, they're in their second year of large losses). Bas...
by BogleMelon
Thu Aug 09, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2225

Re: Do Airlines measure checked baggages?

Usually the ultra low cost airlines are the most aggressive in measuring bags. Also internationally (my experiences in Europe, anyhow) airlines are more aggressive in enforcing policies, especially if you are on a coach ticket. Premium seat passengers get away with a lot more. Have you seen them be...
by BogleMelon
Thu Aug 09, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2225

Re: Do Airlines measure checked baggages?

I saw it with Spirit Airlines. Weight limit was 40 pounds. The guy next to us rang up to 68 pounds. They made him remove things from the bag to come in under the limit. I remember wondering why someone going to Florida would have seemingly quarts of shampoo and conditioner. With the removal of a nu...
by BogleMelon
Thu Aug 09, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2225

Do Airlines measure checked baggages?

Travelling on Etihad from JFK. Just noticed that they have a maximum dimensions for checked luggages (70 cm x 50 cm x 38 cm). My 29" bag exceeds that total by couple of inches. I will keep the bag within the allowed weight anyways, I am only worried about the size. I have seen it before where airlin...
by BogleMelon
Wed Aug 08, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2891

Re: Two voices in my head

You only got one shot, one life to invest, invest in a broadly diversified index fund and you are guaranteed your fair share and you'll do fine. to invest in a broadly diversified index fund is risky already but it is not gambling as when you gamble your money on few number of stocks. and you are g...
by BogleMelon
Tue Aug 07, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1898

Re: Help me understand a 'Life Income Plan' ?

It is a simple plan with these major outlines: 1- Keep paying towards it, but when you die, your heirs will only get the face insurance amount, even if you had saved 100 times than this amount in cash value! 2- Keep paying towards it, and only us (the insurance company) will decide how much to take ...
by BogleMelon
Tue Aug 07, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay for a 401k?
Replies: 32
Views: 2282

Re: Should I pay for a 401k?

That is equivalent to a front load fee of 3.8% (unless your age allows you to shot for the $24500/yr contribution in that case it would be only 2.9%)! I would do IRA/Roth IRA then the rest goes to taxable.
by BogleMelon
Tue Aug 07, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: Would buy and hold work if Japan's lost decade happens?
Replies: 64
Views: 7829

Re: Would buy and hold work if Japan's lost decade happens?

whodidntante wrote:
Sun Aug 05, 2018 6:20 pm
Some markets go to zero.
If that happen here, can I buy infinite amount of VTSMX at a price of $1? :D
by BogleMelon
Tue Aug 07, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3740

Re: Landlord advice needed with section 8

Since this is a financial forum, so I will assume you ask for a financial advice. Financially: don't renew the contract and get another tenant. $1800 will be greater than $1500! You can then donate the extra $3600/yr (or a part of it) to a charity that cares for homeless people, if that would make y...
by BogleMelon
Mon Aug 06, 2018 11:01 pm
Forum: Personal Consumer Issues
Topic: Your opinion on online courses?
Replies: 26
Views: 2240

Re: Your opinion on online courses?

Bogleheads.org is a proven live example that online "education" is working just fine! :beer