Search found 1300 matches

by BogleMelon
Mon Jun 18, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11207

Re: Which boglehead rule do you break--and are ok with

I have more than a year of expenses in cash, MM fund, and I bonds. The reason i have that much of cash is that I use a bucket budgeting system (YNAB). When every dollar get assigned to only one job, you end up with too many dollars. But I am happy with that system. It allows me to spend guilt free a...
by BogleMelon
Mon Jun 18, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8335

Re: Very confused with the current market

What's going wrong? Here is what is wrong, if you think the market is too high to buy, then everyone else thinks the same. That means the majority of people are holding cash as well waiting for a crash. That means there is a little demand now than the usual, and a higher supply of stocks than the u...
by BogleMelon
Mon Jun 18, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: New doctor looking for your seasoned advice on initial investments
Replies: 14
Views: 1935

Re: New doctor looking for your seasoned advice on initial investments

Someone told me i should invest half of that 20% toward retirement and half in some more high risk type of funds. As if the total stock index fund in a retirement account is not an enough high risk!! I fail to understand why people confuse between accounts and risk. You can have a retirement accoun...
by BogleMelon
Wed Jun 13, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Fund college tuition through 529 plan or Indexed Universal Life (IUL)
Replies: 32
Views: 1510

Re: Fund college tuition through 529 plan or Indexed Universal Life (IUL)

#1 was debunked here: Myth # 6 Whole Life Is A Great Way To Save On Taxes Whole life isn’t the best way to lower your investment tax bill, retirement accounts are. Many agents like to tout the tax benefits of whole life insurance, often comparing it to a 401K or a Roth IRA. The cash value does grow ...
by BogleMelon
Tue Jun 12, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7056

Re: Boring Job

There is only so much I can do since I am new to the field and my tasks are scheduled throughout the day for longer periods of time then it takes me so I can't tell my boss that I finished something early or else it looks bad Not just it is more of being honest to tell your boss that you have more ...
by BogleMelon
Fri Jun 08, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7424

Re: VMMXX (Vanguard Prime MM) risks

Maybe not exactly bond funds but not also all treasuries either as the previous comment seem to indicate. The "previous comment" didn't claim it is "all" treasuries. The "previous comment" indicated: VMMXX is tied to the treasury and interest rate market The "previous comment" believe that the amou...
by BogleMelon
Fri Jun 08, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7424

Re: VMMXX (Vanguard Prime MM) risks

FYI From Vanguard Prospectus "You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. " :happy With VMMXX paying out approximately 1.91% with risk and CIT bank paying 1.85% with no risk fo...
by BogleMelon
Fri Jun 08, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc vs Delayed SS
Replies: 16
Views: 722

Re: FIREcalc vs Delayed SS

It's probably the bad sequence of returns in the first 3-5 years biting you. Run it again with an additional $500k of portfolio size and the difference should be considerably less... Isn't the sequence of return risk reduced no matter what the portfolio is because I am withdrawing less from the por...
by BogleMelon
Fri Jun 08, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7424

Re: VMMXX (Vanguard Prime MM) risks

FYI From Vanguard Prospectus "You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. " :happy With VMMXX paying out approximately 1.91% with risk and CIT bank paying 1.85% with no risk fo...
by BogleMelon
Fri Jun 08, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7424

Re: VMMXX (Vanguard Prime MM) risks

1- I think it is pretty safe, the only risk I learned that it could have somekind of freeze in a really bad crash. Never happened before to this fund though. 2- You pay taxes annually on the returns (dividends) the fund distributing 3- Yes, CIT FDIC MM account (it is not a MM fund) is risk free. htt...
by BogleMelon
Thu Jun 07, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3366

Re: Found an FSBO home for sale. How to avoid Realtor?

+1 to a lawyer -1 to a salesman (AKA realtor) The first earned a 4 years degree in a complicated field, and will add value. The second is only as good as finding the right home. If the OP already found it or can find it himself then no need to have a realtor. realtors don't get any complicated studi...
by BogleMelon
Wed Jun 06, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: F.O.B.O.: Fear of Better Options (NYTimes)
Replies: 4
Views: 1083

Re: F.O.B.O.: Fear of Better Options (NYTimes)

Thanks for sharing this interesting concept/article. Analysis paralysis is something I personally find myself have to overcome. Sometimes I succeed sometimes I don't and even miss out good deals because I wanted the "perfect deal for the perfect product"
by BogleMelon
Tue Jun 05, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Do you change your AA in discrete chunks or gradually?
Replies: 20
Views: 1371

Re: Do you change your AA in discrete chunks or gradually?

My targeted AA is according to my $$ balance not years or age. I rebalance with new money anyways.
by BogleMelon
Tue Jun 05, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should we move out from that rental?
Replies: 7
Views: 506

Re: Should we move out from that rental?

Currently we are making around $110K, saving in retirement accounts around $40K, net worth $120K, age: late 30's. if you feel your safety is in jeopardy then a move would seem a need. If you can stay where you are and increase your retirement savings I would do that. I read this comment by the OP t...
by BogleMelon
Tue Jun 05, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should we move out from that rental?
Replies: 7
Views: 506

Re: Should we move out from that rental?

Currently we are making around $110K, saving in retirement accounts around $40K, net worth $120K, age: late 30's. if you feel your safety is in jeopardy then a move would seem a need. If you can stay where you are and increase your retirement savings I would do that. I read this comment by the OP t...
by BogleMelon
Tue Jun 05, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should we move out from that rental?
Replies: 7
Views: 506

Should we move out from that rental?

We live in NJ where homes are expensive to buy and rent. Luckily when we were considered moderate income, we were eligible to a program that allowed us to rent a 2 bedroom/1 bath apartment (we have no kids) at a very reasonable rent (A bit over $1200/mo). The complex has a pool, Gym, and nice ground...
by BogleMelon
Tue Jun 05, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: vanguard fund that is the safest fund that is most likely to just keep up with inflation
Replies: 18
Views: 2485

Re: vanguard fund that is the safest fund that is most likely to just keep up with inflation

just keep up with inflation. How about I bonds? Maybe? Does vanguard sell an I bond fund? I'm looking for something that I can sell w/o penalty at anytime. No, the only way to buy them is through TD directly: https://www.treasurydirect.gov/ If you want to avoid the interest penalty, then you want t...
by BogleMelon
Mon Jun 04, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Dilemma: what if companies stopped going public?
Replies: 27
Views: 2752

Re: Dilemma: what if companies stopped going public?

My 2 cents, as long as the market economy exists, the need to go public will never go away. However, I see the end of capitalism itself is one of the real risks we investors willingly take when we choose to invest. I believe in capitalist market. But I have no idea what tomorrow's legislators may br...
by BogleMelon
Sun Jun 03, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6702

Re: Should I put some money aside in money market for market correction

OP, Your feeling is right. The market will crash, and it will crash big. The problem is it can go up 200% more then it crashes 80% from that point which will still make it higher than today. Or it can crash tomorrow by 90% from Friday prices. Or anything in between! No one knows nothing. Some good s...
by BogleMelon
Sun Jun 03, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 9747

Re: What are you doing with cash?

My personal choice would be Vanguard Prime Money Market Fund (VMMXX), current SEC Yield = 1.91% in a taxable account. When needed the money can be available in your checking account within 2 days. +1 I moved my savings from Ally to VMMXX. I am in a low tax bracket, so municipal funds are not attrac...
by BogleMelon
Fri Jun 01, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Investment money is "Fungible"
Replies: 82
Views: 5605

Re: Investment money is "Fungible"

Even though it may not be the most efficient way to manage the money, I still use mental accounting. After all, I am a human with mind. And my mind need to sleep well at night.
by BogleMelon
Fri Jun 01, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Do I have too much (cash) accounts?
Replies: 2
Views: 531

Do I have too much (cash) accounts?

1- Bank of America Checking: Balance $50, reasons to keep open: sometimes I need the Notary, first credit card i opened is a BoA and I get extra rewards depositing the rewards to the checking account, and depositing cash (rarely, but happens). Ways to avoid fees: $250 salary transfer every 2 weeks, ...
by BogleMelon
Thu May 31, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

livesoft wrote:
Thu May 31, 2018 2:32 pm
BogleMelon wrote:
Thu May 31, 2018 8:43 am
... or if you have questions about this transaction, contact us bogleheads.org for assistance."
Did that work out?
Unlike the CS for a lot of firms, Bogleheads.org "CS" never let me down :D
by BogleMelon
Thu May 31, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

With Schwab it took one day to get external funds into both Schwab bank checking and the paired Schwab brokerage account where SWVXX is an option for savings along with other money funds, t-bills and CD's. Both transfers indicated funds transferred in from an external financial institution could be...
by BogleMelon
Thu May 31, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

Why don't the bank accounts have the same procedures then?! Money in a joint bank account can be moved electronically by any of the owners, no matter which owner deposited the funds! It is not the bank account, it is the user login trying to access the bank account. Vanguard is taking a very conser...
by BogleMelon
Thu May 31, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

Thanks everyone. I gave Vanguard a call, explained it to them, they said, my wife could only start redeeming the funds with her login after 2 months! :shock: Or she could call them anytime before the months and they would help. Just doesn't make sense for me, but it is what it is.. I will leave it ...
by BogleMelon
Thu May 31, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

Thanks everyone. I gave Vanguard a call, explained it to them, they said, my wife could only start redeeming the funds with her login after 2 months! :shock: Or she could call them anytime before the 2 months and they would help. Just doesn't make sense for me, but it is what it is.. I will leave it...
by BogleMelon
Thu May 31, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

goingup wrote:
Thu May 31, 2018 9:08 am
Look under Account Maintenance and see if your wife's name is listed as having the authority to make transactions in your joint account.
I checked that. Yes she has the transactions rights on this account
by BogleMelon
Thu May 31, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

ResearchMed wrote:
Thu May 31, 2018 9:05 am
Why rush the 30 day thing, then?

RM
What is the 30 day thing? Shouldn't this MM fund shares be available to redeem or trade in just 1 week? Thanks!
by BogleMelon
Thu May 31, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

I recommend calling Vanguard. I have never had problems when I call them, but sending a secured message hasn't worked for me always - Even when it does, it can take a while for them to respond or the answer doesn't always provide the info. I need. I have never really had problems with Vanguard's ph...
by BogleMelon
Thu May 31, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

Also, isn't it not such a good idea to be logging in as someone you are not? She is 100% consenting and authorized me to do this. That still violates the terms per Vanguard. Why no log in as "you", as authorized agent? (There is at least one situation that makes this impossible, but otherwise...?) ...
by BogleMelon
Thu May 31, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Re: Issues redeeming Vanguard Prime Money Market Fund

dbr wrote:
Thu May 31, 2018 8:50 am

Also, isn't it not such a good idea to be logging in as someone you are not?
She is 100% consenting and authorized me to do this.
by BogleMelon
Thu May 31, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2086

Issues redeeming Vanguard Prime Money Market Fund

Hi, Last month I started to move my savings from Ally to Vanguard Prime Money Market Fund (VMMXX) in a brokerage taxable account. The account is a joint account (me and wife) and I purchased with my own log in. Now, I noticed that if I am logged with my wife's credentials I can not redeem the money ...
by BogleMelon
Wed May 30, 2018 7:50 pm
Forum: Investing - Theory, News & General
Topic: Relationship of stocks and T Bill rates?
Replies: 26
Views: 1040

Re: Relationship of stocks and T Bill rates?

Inflation during 1980 was over 12%. T-bills that guarantee 9% at that year would mean guaranteed real loss. Annual Inflation from 1980 – 1989 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1980 13.91% 14.18% 14.18% 14.76% 14.41% 14.38% 13.13% 12.87% 12.60% 12.77% 12.65% 12.52% Source I came fr...
by BogleMelon
Wed May 30, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 3937

Re: Do you have a monthly household budget?

Another fan of YNAB here. Its methodology is just different than any other software in the market. P.S: I use the classic version not the current one.
by BogleMelon
Tue May 29, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 90
Views: 5756

Re: AAA? What to do in car emergencies?

I doubt most insurance companies will raise your liability rates for that sort of thing. My insurance company assures me that is their policy. So are you going to keep the insurance roadside assistance? I asked Geico they confirmed that generally those claims are not reported! But I haven't made up...
by BogleMelon
Tue May 29, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Investing an Emergency Fund
Replies: 30
Views: 2602

Re: Investing an Emergency Fund

OP: here are some points to think about: - When disasters come, they come in pairs or even more! During a recession you may lose your job, meanwhile the market tanks. You may be forced then to sell your shares at loss and lock your losses forever - If you don't want to lose due to inflation, you may...
by BogleMelon
Tue May 29, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Investing an Emergency Fund
Replies: 30
Views: 2602

Re: Investing an Emergency Fund

If you expect your invested emergency fund to have a chance of losing say 10% at any time, then make it 10% larger than it would be if it was kept in cash. Mathematically: If you expect your invested emergency fund to have a chance of losing 10% at any time, then make it 11.11% larger than it would...
by BogleMelon
Thu May 24, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 23964

Re: Do people still use AAA?

Since I subscribed with AAA a year ago I never received a map! Should I ask for them?
by BogleMelon
Thu May 24, 2018 7:33 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13375

Re: Renting vs Owning Your Home

1. OWNING IS CHEAPER Only if you would buy the same home you would rent. Most people do not 2. OWNING IS A TAX SHELTER that investor has to pay income taxes on the rent they collect from you. Banks too have to pay taxes on the gains they make out of you when they lend you the home money. The intere...
by BogleMelon
Wed May 23, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 50
Views: 2615

Re: Quicken - Do you use it?

I loved MS Money and was sad when it disappeared. I used Quicken but jumped ship when someone introduced me to You Need a Budget YNAB (I felt it works better for me as I'm self employed and there were particular features that seemed to be more in line with the way I do business. For example, I like...
by BogleMelon
Wed May 23, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 30
Views: 2252

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

I have currently (AAA Plus) with my wife. Bought it last year on a discounted rate. If I am going to renew it this June, the website shows me I would pay $200 for both of us :shock: This is not reasonable for me. Let alone that their web site is really cluttered and hard to navigate. It is not possi...
by BogleMelon
Tue May 22, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 30
Views: 2252

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

Any claim for tow, gas, battery jump or tire change shows up on CLUE report as a insurance claim if you use geico. Not sure what's a CLUE report, but i emailed Geico about that and they responded: When you use the service, it will not impact your premium. However, if the service is used more then 5...
by BogleMelon
Tue May 22, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 30
Views: 2252

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

Any claim for tow, gas, battery jump or tire change shows up on CLUE report as a insurance claim if you use geico. Not sure what's a CLUE report, but i emailed Geico about that and they responded: When you use the service, it will not impact your premium. However, if the service is used more then 5...
by BogleMelon
Sun May 20, 2018 5:42 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6141

Re: What’s your phone/internet bill?

AlohaJoe wrote:
Sat May 19, 2018 2:33 am
My phone bill is $3 a month which gets me 7GB/month of 4G.
Are you sure it isn't $30? :shock:
by BogleMelon
Sun May 20, 2018 5:40 am
Forum: Investing - Help with Personal Investments
Topic: How long to hold 80/20 asset allocation
Replies: 58
Views: 9239

Re: How long to hold 80/20 asset allocation

My asset allocation is based on my total amount saved. I have a written policy that upon reaching specific milestones in terms of money, I will reduce the risk. Currently I am 85/15, but once I reach $100K goal in retirement money, it will be 80/20.
by BogleMelon
Fri May 18, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 47
Views: 5094

Re: Insight Card (APY 5%) full personal review

Just as a FYI since there are some conflicting reporting here, the 5% you earn is ONLY on the $5000. Any interest that you earn will stay in the $5000 saving account, but WILL NOT earn 5% interest on top. There is a reddit post that assure that the interest stays there earn interest. Some people di...
by BogleMelon
Fri May 18, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 47
Views: 5094

Re: Insight Card (APY 5%) full personal review

Just as a FYI since there are some conflicting reporting here, the 5% you earn is ONLY on the $5000. Any interest that you earn will stay in the $5000 saving account, but WILL NOT earn 5% interest on top. There is a reddit post that assure that the interest stays there earn interest. Some people di...