Search found 1611 matches

by Da5id
Tue Dec 12, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless: What are the gotchas?
Replies: 38
Views: 1877

Re: Cricket Wireless: What are the gotchas?

My experience doesn't match any of those claims. It may be throttled or deprioritized for all I know but Cricket has worked very well for me. It's easy enough to try it, the only 'risk' is the $25 signup fee. Dump it if you don't like it. FYI, The throttling to 8 MBPS is per Cricket. https://www.cr...
by Da5id
Tue Dec 12, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: Cricket Wireless: What are the gotchas?
Replies: 38
Views: 1877

Re: Cricket Wireless: What are the gotchas?

I have been a customer for Cricket for less than a month. The big gotcha for us was the very bad network! I returned back to Verizon prepaid before even the month end. Cricket/AT&T generally have a pretty good network, just apparently not at your location (or with your phone???). I'd note that for ...
by Da5id
Mon Dec 11, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 34
Views: 2086

Re: Can/Should early retiree avoid ACA tax credits?

truenorth418 wrote:
Mon Dec 11, 2017 9:50 pm
The Affordable Care Act was carefully designed and well thought out by our nation's leaders. Obviously they wanted people under your circumstances to receive the subsidies, otherwise they would not have designed the law the way they did.
ROFL
by Da5id
Mon Dec 11, 2017 2:48 pm
Forum: Investing - Theory, News & General
Topic: After a 2- or 3-fund solution, the rest is withdrawals and world events
Replies: 17
Views: 1677

Re: After a 2- or 3-fund solution, the rest is withdrawals and world events

3.5% has been quoted as "perpetual", used in many endowments, and the crummy simulations I run seems to confirm this, if past is within bounds future. I believe SimpleGift showed it seems to work worldwide, as long as one takes a global view and not one country focus, modulo war / other devastating...
by Da5id
Mon Dec 11, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: What cause BH fear about running out of saving though they have big size of asset?
Replies: 27
Views: 1573

Re: What cause BH fear about running out of saving though they have big size of asset?

Future medical costs!! They can wipe your savings out pretty fast. People without money don't have to worry about it since everything will be paid for them. ACA Insurance. Forgetting possible changes (OT here), ACA insurance isn't helpful if you get into expenses for assisted living/"skilled nursin...
by Da5id
Mon Dec 11, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: After a 2- or 3-fund solution, the rest is withdrawals and world events
Replies: 17
Views: 1677

Re: After a 2- or 3-fund solution, the rest is withdrawals and world events

I will edit a lengthy reply/rant and say this: I strongly believe that any situation that arises that cause the 3.5-4% "rule" to go out the window will also mean that your 2% rule won't work, either. Hmm, I disagree. 4% rule failures may just be running out of money in year 28 (30 years without dep...
by Da5id
Mon Dec 11, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: What cause BH fear about running out of saving though they have big size of asset?
Replies: 27
Views: 1573

Re: What cause BH fear about running out of saving though they have big size of asset?

What cause BH fear about running out of saving though they have big size of asset? I see many BH have multi millions but still worry about money. What about for the people without savings at all? Haven't seen so many of them crying for money. "crying for money" sounds a bit judgmental. Some agenda ...
by Da5id
Mon Dec 11, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax Consequences of Un-Jointing a Joint Account
Replies: 19
Views: 854

Re: Tax Consequences of Un-Jointing a Joint Account

Well, it comes down to this: I've been managing ALL the money since we've been married (and doing a fine job thanks to 17 or 18 years of input from this forum). Wife hates financial stuff and I find it very interesting. She hates it so much that she probably couldn't guess our net worth plus or min...
by Da5id
Mon Dec 11, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Danger of being a helicopter pilot?
Replies: 40
Views: 3556

Re: Danger of being a helicopter pilot?

I think asking for dangers is asking for anecdotes. You should look at statistics and (as up thread) life insurance costs for a hint of the real risks. My anecdotes are that my brother died in a Blackhawk crash. I've also seen a helicopter do bad things in a practice landing. It landed tail rotor fi...
by Da5id
Mon Dec 11, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Tax Consequences of Un-Jointing a Joint Account
Replies: 19
Views: 854

Re: Tax Consequences of Un-Jointing a Joint Account

Thanks All ! I appreciate ALL responses. Yes, the reason we might want to do this IS a little sensitive. I will certainly call Vanguard. We can't divide this account if it will require the sale of taxable shares. Most of these shares were bought when the S&P 500 was in the 1000-1200 range so the ta...
by Da5id
Mon Dec 11, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Tax Consequences of Un-Jointing a Joint Account
Replies: 19
Views: 854

Re: Tax Consequences of Un-Jointing a Joint Account

Does knowing why help answer the question? If so, I don't see it, if not, um, why do you have to ask? Well for one in my state the two split joint accounts would still be community property. Maybe that's the intent, maybe it isn't. We don't know. Sometimes better advice is given if we know why. You...
by Da5id
Mon Dec 11, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Tax Consequences of Un-Jointing a Joint Account
Replies: 19
Views: 854

Re: Tax Consequences of Un-Jointing a Joint Account

Are the owners related and who furnished the original consideration? Gill Yes, husband and wife. Husband (me) established the account years ago. We're exploring the idea of keeping our finances separate and this one account is the only issue. It would have to be divided in half with each half havin...
by Da5id
Mon Dec 11, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 34
Views: 2086

Re: Can/Should early retiree avoid ACA tax credits?

Any thoughts on the financial aspect of my question? How does the financial trade-off work out if one does Roth Conversions instead. I assume it would be equivalent to doing the conversion at some higher effective rate? Does that still pay off in the end, or is the effective rate of the conversion ...
by Da5id
Mon Dec 11, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 32
Views: 2350

Re: Any of you trade just a little as a hobby?

I don't do it, but who knows, maybe someday when I'm retired I'd do it as a hobby. Rather doubt it though, not in my nature/philosophy currently. Seems mostly harmless if it is a small percentage of your assets that you are willing to have underperform the market or even willing to lose. The real ri...
by Da5id
Mon Dec 11, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 34
Views: 2086

Re: Can/Should early retiree avoid ACA tax credits?

I think discussing the "ethics" of this will devolve into judgmental finger pointing. It is a personal decision, we all get to decide where to draw the line, and input from folks on the internet isn't all that helpful. Similar discussions on asset protection for Medicaid also often go down to tubes ...
by Da5id
Sat Dec 09, 2017 9:13 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

"selling shares led to an equivalent outcome." If you have an $8mm portfolio if 23 individual stocks, deciding what to sell every 3 months would be extremely difficult. Plus, as you sell down your portfolio the dividend income decreases. The reality for me is that selling shares is not an equivalen...
by Da5id
Thu Dec 07, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5311

Re: What do Bogleheads say when they don't want to spend money?

"Hey can you believe Game of Thrones is almost over? It's the best show on TV, you watch it don't you?" I enjoy my shows on network tv and have never felt the need for HBO, I just don't think I would watch it. Or my version "Yeah, I have it on reserve in the county library system. When it comes out...
by Da5id
Thu Dec 07, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5311

Re: What do Bogleheads say when they don't want to spend money?

The issue that I have is me saying something honest (I don't wish to spend my money on Netflix) would not set well with others. The dishonest statement (I can't afford a Netflix subscription) would set well with others and be easy to relate to, but it's not an honest statement. I've gone to "we don...
by Da5id
Thu Dec 07, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 29
Views: 3573

Re: Just downsized at age 60...input appreciated

Retiring came a year earlier than planned. Just found this tremendous site. Question from an unsophisticate: My brother is strongly recommending that my wife (age 54) and I pay 1% annually to a financial adviser to manage our $2 million nest egg of taxable investments and provide addl services (e.g...
by Da5id
Thu Dec 07, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 51
Views: 6182

Re: I-Bonds?

Does anyone know regarding the purchase of I BONDS with tax refund and you buy $5000 do you get a $5000 Bond or multiple bonds to total $5000 ? I've not done exactly $5000. According to Treasury web site below are possible denominations https://www.treasurydirect.gov/indiv/products/prod_ibonds_glan...
by Da5id
Thu Dec 07, 2017 8:03 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 2995

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

We've been all around and all over the topic, but still I struggle with why so many investors so vehemently demand dividends as critical, and dismiss capital losses and gains as unimportant. Can you provide any examples where that point of view is put forward? If it weren't for the slaying of straw...
by Da5id
Wed Dec 06, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 6984

Re: Lowering My Grocery Bill

Some interesting thoughts here: http://rootofgood.com/costco-costs-more-bulk-buying/ If your spending on food is compromising your future, it is a problem to be dealt with. If it is where you choose to spend your elective dollars after taking care of savings at a prudent rate, there is no real probl...
by Da5id
Wed Dec 06, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 2995

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

Maybe the wrong analogy, but maybe Someone gives me a gift of cash and I spend it: of course Someone gives me a tangible present and I sell it and spend the money: can feel bad/guilty Maybe selling shares explicitly can be considered to be disrespecting the company and a judgement on those who chose...
by Da5id
Wed Dec 06, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

Why invest in the Larrys Portfolio? Wellesley(vwinx) which is also about 30/70 has killed the Larry Portfolio. Its max one year drawdown was 23.4 vs Larry's portfolio 18.5. since 1994 thru 2 market blowups. Wellesley is ahead 609,500 to 501,750 starting with 100k. i used DFSVX,FEMKX and VFITX for L...
by Da5id
Wed Dec 06, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 2995

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

There is also a whiff of that in the statements that companies should return a portion of earnings in preference to making irresponsible use of the money. Surely the idea that most companies should, at some phases of their existence, return money to their owners is not very controversial whatever s...
by Da5id
Wed Dec 06, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6573

Re: How to convince DW that high miles used car is OK

I would be the primary driver - almost all local, short trips. Her "issue" is financial - the belief that a less expensive very old, high mileage car will end up needing repairs. Safety or getting stranded are not her primary concerns. I believe the total cost of ownership almost always favors buyi...
by Da5id
Wed Dec 06, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 2995

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

I can't see it as a moral issue either. Just another thread sliding towards the dividend fight rehash. Many straw men will be slain ere the dawn.
by Da5id
Wed Dec 06, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

Why don’t you debate Richard Young.He had quite a successful career in the investment world.He had a newsletter for many years and maybe still does in his 80’s.His family firm also manages a lot of money for people with a minimum of 1 million dollars. Why is management of money for people with a mi...
by Da5id
Wed Dec 06, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2318
Views: 420936

Re: What's Your Credit Card Rewards Strategy?

I write a big rent check every month. My apartment management accepts credit cards @ 2.25% for Visa, 3% for Amex. I'm not angling for any bonuses right now, but trying to think of a scenario where it might be a net gain to pay by credit card. I have Amex Blue Business, but that would a loss I think...
by Da5id
Tue Dec 05, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

There you go again with the irrational card.What percentage of the investing public would you say is irrational? Do you believe that the percentage of people doing a particular behavior or sharing a belief in any way defines whether it is rational? I think "irrational" isn't the insult you take it ...
by Da5id
Tue Dec 05, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1895

Re: New Cash - dollar-cost averaging in?

Lump sum investing wins 2/3s of the time. Why would you bet on the strategy that wins only 1/3 of the time? Because foregone gains hurt psychologically less than actual losses :) Anyway, OP just said there are other issues here (upcoming jobless period). That in fact changes everything. You should ...
by Da5id
Tue Dec 05, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Managing Risk With Factors
Replies: 121
Views: 9613

Re: Larry Swedroe: Managing Risk With Factors

Vanguard UK have for a couple of years now offered four Global Factor ETFs. Noticed the other day that these funds carry investor warning flags 'ACTIVE'. How is BH philosophy to be reconciled with factor investing, if Vanguard see such funds as 'active' :?: What would you think of an active fund wi...
by Da5id
Tue Dec 05, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

Not sure the author was chasing dividend yielding stocks per se, but thought out a very diversified portfolio to soften the underperformance of a name or two in the portfolio. Here's his portfolio... I don't buy or evaluate individual stocks, not interested in this guy or his strategy for myself. B...
by Da5id
Tue Dec 05, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund
Replies: 36
Views: 3106

Re: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund

The only reasonable explanation to why he would be doing this would be to re-allocate a higher percentage of his portfolio into stocks in the event of a large market downturn (market timing). Did he give you his reasoning? I don't think that is the only reasonable explanation. Some people are by in...
by Da5id
Tue Dec 05, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1895

Re: New Cash - dollar-cost averaging in?

In that case no one here can tell the investor what they should do. They are going to have to search inside themselves for the answer. Sure, but OP had "wait for a cheaper entry point" as an option. Encouraging them to buy all at once is the right financial choice, but if they for whatever emotiona...
by Da5id
Tue Dec 05, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

You are correct, it is a strategy worthy of discussion and the withdrawal rate is part of that. I just wanted to clarify, that the withdrawal rate for this hypothetical portfolio is currently lower than the amount of dividends being generated. If the dividends are in taxable, to the extent that the...
by Da5id
Tue Dec 05, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1895

Re: New Cash - dollar-cost averaging in?

If the issue is a behavioral one of wanting to feel better about what one has done, I think a better answer is that one is contemplating an asset allocation that is too risky. Sometimes the issue is that the investor wants to time the market. While it is better to just buy and be done with it, I un...
by Da5id
Tue Dec 05, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

CyclingDuo wrote:
Tue Dec 05, 2017 9:42 am
Recent subsequent articles with regard to the FTG portfolio (including your matador and red cape pictures):
I looked at the links. To me they seemed like typical pundit stuff (which is to say, IMHO, mostly without value). And political to boot. YMMV.
by Da5id
Tue Dec 05, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund
Replies: 36
Views: 3106

Re: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund

Have a buddy with the above AA - we've spoken about our individual AA before, but never gone into depth why. I just would like him to know that there are options out there that can outpace inflation (so to speak) in the long run. Rather than provide unsolicited advice, the only thing I can think of...
by Da5id
Tue Dec 05, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Ever seen a 401k with so few options?
Replies: 13
Views: 1007

Re: Ever seen a 401k with so few options?

Is this plan an outlier, or are my expectations for asset class choice just too high? Not what I've seen, but seems like a win compared to many alternatives. I used to have Principal (ugh) as my 401k provider. I'd take your limited selection any day. But it certainly feels odd not to have a "cash" ...
by Da5id
Tue Dec 05, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1895

Re: New Cash - dollar-cost averaging in?

My question is this: I recently was able to sell (diversify) out of a big stock position in my company and now I'm thinking about how to put the money to work in my portfolio. My big current concern is that the market looks pretty expensive right now, so I don't want to just allocate the capital an...
by Da5id
Tue Dec 05, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 6784

Re: Vanguard customer service reps need some training

Maybe I just woke up on the wrong side of the bed (I did!), but I’d be perfectly happy if the people with customer requirements that Vanguard does a poor job with voted with their money and went elsewhere. I want 0% ER. I can buy my own Turbo Tax. I don’t need to speak with a human. I suppose. But ...
by Da5id
Tue Dec 05, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9320

Re: Why should I donate to my alma matter?

By the way, college admissions officers pay big fees to consultants who use econometric methods to predict which applicants will be most likely to donate generously after college graduation. Are you sure about this ? A significant percentage of students at top schools are south asian and asians. Th...
by Da5id
Tue Dec 05, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 6784

Re: Vanguard customer service reps need some training

Phone calls are always my last resort, as the electronic trail isn't as certain (unless you record your own calls). +1 on phone calls as last resort. In addition to electronic trail, it’s jus too prone to miscommunication and/or misunderstanding. I agree with this as well. Failing a phone call, I'd...
by Da5id
Tue Dec 05, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

The book title is "Finance for Normal People." The folks in this thread who really like dividends are the "Normal People" that Statman is referring to. The folks who do not see benefit of dividends under most circumstances are "rational people" and the book can help rational people understand Norma...
by Da5id
Tue Dec 05, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

Is there somewhere one can look up buy back yield for mutual funds? I noticed morningstar has it for individual stocks but not funds. Is that a premium detail for funds? I don't know where to find it either, would be kind of interesting to see buybacks (or sum of buybacks and dividends), but maybe ...
by Da5id
Mon Dec 04, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

If you believe cash has more value in your pocket than it does reinvested in a company, then why would you invest in that company to begin with? Some companies are mature. They produce cash, but can't reasonably deploy all (or maybe any) of the cash produced to grow the business. In that case, they...
by Da5id
Mon Dec 04, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

If you believe cash has more value in your pocket than it does reinvested in a company, then why would you invest in that company to begin with? Some companies are mature. They produce cash, but can't reasonably deploy all (or maybe any) of the cash produced to grow the business. In that case, they...
by Da5id
Mon Dec 04, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 8981

Re: One answer to the Dividend stocks puzzle from behavioral finance

Holding cash in a company (or using that cash for buy-backs) only produces value for investors if new investors think that strategy increases the value of the stock and are willing to buy at higher prices. Huh. Buybacks are comparable to dividends in many ways. Some people object a bit at the edges...
by Da5id
Mon Dec 04, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9320

Re: Why should I donate to my alma matter?

When a nonprofit university president makes two or three times as much as the U.S. president does, I just don't see why anyone should denote to a university? +1 Seems not a big deal to me. I think getting someone good to run your large enterprise is important. I just looked, and my undergrad school...