Search found 486 matches

by Mr.BB
Tue Aug 14, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 4927

Re: Asked my advisor about fees and here's their reply

"Also, trade fees are only relevant if we are c"hanging your allocation or you are making a deposit or withdrawal." If I am reading this right they are charging you $20 to deposit money in your account? If that is correct you should be really mad! If you don't have a copy of the last year or two yea...
by Mr.BB
Sat Aug 11, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 49
Views: 6074

Re: Moving from Vanguard to Fidelity

After years of barely adequate (and sometimes poor) customer support performance from Vanguard I'm thinking of making the switch to Fidelity. What kind of customer support are people lacking at Vanguard, especially passive investors who barely need to do anything. I've been with Vanguard for nearly...
by Mr.BB
Fri Aug 10, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual funds / market correction
Replies: 13
Views: 992

Re: Mutual funds / market correction

Don't worry, the day you choose to invest in the market it will go down the next day.; it happens to everyone. The day you sell and take some profits, the next day.the markets will go sky high. :-)
by Mr.BB
Fri Aug 10, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner investor seeking advice
Replies: 28
Views: 1606

Re: Beginner investor seeking advice

Congratulations on figuring out long-term investment at relatively early age. Always do the basics. 1 save as much as you can as long as you can starting as early as you can. 2) if your 401k offers a matching make sure you get it. That is free money. 3) Keep an eye on your expense ratios 4) Go onli...
by Mr.BB
Thu Aug 09, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8776

Re: Biggest Threats to Financial Well-Being

Too small of an emergency account (try to have 9 months to 1 year)
Failing to continuously contribute to your retirement accounts
Not adding more to your retirement accounts when there is a recession or market turn down
Not setting specific goals
by Mr.BB
Wed Aug 08, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1111

Re: Bond Holding

If the person giving you advice (on any matter) cannot explain simply "why" or "how a product would be good for you, that should be your warning,
by Mr.BB
Wed Aug 08, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner investor seeking advice
Replies: 28
Views: 1606

Re: Beginner investor seeking advice

Congratulations on figuring out long-term investment at relatively early age. Always do the basics. 1 save as much as you can as long as you can starting as early as you can. 2) if your 401k offers a matching make sure you get it. That is free money. 3) Keep an eye on your expense ratios 4) Go onlin...
by Mr.BB
Tue Aug 07, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: HELP!!!!! Need to find documentation of index superiority
Replies: 32
Views: 2606

Re: HELP!!!!! Need to find documentation of index superiority

You should also tell your friends that when the financial planner shows his numbers make sure that he's also including any upfront load costs, as well as expense ratio cost of the funds he chooses as well as the cost of his services. How does that all add up againat the index funds returns?
by Mr.BB
Mon Aug 06, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a real estate agent to sell a condo (MA)
Replies: 7
Views: 404

Re: Choosing a real estate agent to sell a condo (MA)

I would go through a list of the Realtors current listings and look at how they advertise the homes. How long are the homes on the market for that they sell? I would ask them questions that no one else ask them. Ask them questions like, how they handle problems when things don't go right, ask for ex...
by Mr.BB
Sun Aug 05, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 4598

Re: Maui Hawaii Trip - How to save money?

For breakfast, many of the restaurants have early bird specials. If you go online and put Maui discount coupons, you will find some good sites with coupons to print out. You will find some grocery stores like Foodland have fresh poke and other foods ready to go also look for free coupon books at the...
by Mr.BB
Wed Aug 01, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Personal Capital" program
Replies: 19
Views: 2549

Re: "Personal Capital" program

I use Personal Capital software as well as Morningstar portfolio..
I like them both, what I did with personal capital is I just put the wrong phone number on there so I don't hear from them except for the occasional onsite messages.
by Mr.BB
Sat Jul 28, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6256

Re: Retirees: how much cash?

2008-09 taught me, a 20 year retired person living off of savings and SS only, to keep 3 to 5 years of normal withdrawals in safety (cash, checking, money market, CDs. fixed term immediate annuities and short term bond funds) so that I won't have to sell and draw from stock containing investments i...
by Mr.BB
Sat Jul 21, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Ashley furniture experience? 2000 dollars for 13x8x8 sectional
Replies: 40
Views: 3936

Re: Ashley furniture experience? 2000 dollars for 13x8x8 sectional

We just bought a new dual love seat recliner with middle sectional 2 weeks ago. We shopped all over including Ashley's, Lazy boy, etc.... but what we found was for the best quality and price was actually Macy's.
You may also want to check Costco, I saw some on sale there.
by Mr.BB
Fri Jul 20, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Portfolio Advice Please
Replies: 30
Views: 3148

Re: Fidelity Portfolio Advice Please

"I researched the funds and they look great except for many of the high fees. It looks like on average I would be paying 2.32% in fees that could wipe out most returns as the market slows. "' It will also wipe out you returns in a great market Use this expense ratio calculator (very straight forward...
by Mr.BB
Fri Jul 20, 2018 5:55 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8751

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Wanting to buy your brothers shares tells me you have too much of an emotional/sentimental attachment to this gift. Its not like the shares you are receiving are going to be worth more because you now would own all the shares. As you have read there are Enron horror stories (I know someone who has o...
by Mr.BB
Thu Jul 12, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 48
Views: 3788

Re: Credit score after becoming debt free?

We are debt free including our home. After we paid off our house, our credit score dropped about 30 points. We are still in the mid 800's (depending on whose scale you use) so it really has not affected anything. But well worth it not having a mortgage payment.
by Mr.BB
Wed Jul 11, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6120

Re: Any Dry Powder Strategies?

I have 2 parts. 1) Emergency Fund. I try to put a little extra in there to use during a stock market correction. It can be applied toward our Roths or Taxable Funds. Otherwise I don't mind having a little larger than emergency fund for life's emergencies. 2) Bonds - We have bond funds in our SEP acc...
by Mr.BB
Wed Jul 11, 2018 5:21 am
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2148

Re: Replace water heater at end of warranty or repair?

We just replaced our water heater after 18 years. It was a tall 40 gallon one, definitely got our money out that one. The plumber said the older models used thicker metal casing versus the new ones now. We got an an AO Smith, which got pretty good ratings as far as water heaters go. I researched the...
by Mr.BB
Mon Jul 09, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Is Your Retirement Portfolio All-Weather?
Replies: 7
Views: 1348

Re: Is Your Retirement Portfolio All-Weather?

willthrill81 wrote:
Mon Jul 09, 2018 7:18 pm
Another good article from Ms. Benz. Timely and yet timeless.
+1
by Mr.BB
Sat Jul 07, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Costco Travel Packages?
Replies: 31
Views: 3644

Re: Anyone Tried Costco Travel Packages?

We used them one time for a Maui trip. Got an excellent deal on the hotel and it included the rental car. It's not always the best deal or have what we are looking for but, they are always a good option for comparing with other travel offers.
by Mr.BB
Sat Jul 07, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5614

Re: How to tip

You tip on food total, not including the tip. However, as long as it is good service I make sure that it is 20%. Exceptional service even more.
by Mr.BB
Thu Jul 05, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Do Advisers Add $$$ Value?
Replies: 71
Views: 5632

Re: Do Advisers Add $$$ Value?

I meet about every 1-2 years from an adviser from my wife work to do a quick review / long term planning outlook to see if we are on track. It's free so I figure why not. My simple acid test is that if a person cannot answer "why" or "how" to my question then I know they don't have my best interest ...
by Mr.BB
Wed Jul 04, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Wealth Management Thoughts
Replies: 27
Views: 2220

Re: Morgan Stanley Wealth Management Thoughts

I would go find a "fee base" only advisor and get a second opinion. Also, when Morgan Stanley shows you their numbers for moving over to their Wealth Management section do they include "all" the costs for doing business with them; primarily their fees and their fund fees? However, they are correct a...
by Mr.BB
Tue Jul 03, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: bonds or bond funds?
Replies: 39
Views: 2334

Re: bonds or bond funds?

Any type of savings can lose money. However, bond funds may lose in a year what a stock fund could lose in a week. Bonds are basically the ballast of your portfolio.
by Mr.BB
Tue Jul 03, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9667

Re: What’s your plan for a market downturn?

When the market (equity funds) drops, your allocation in bonds should rise. You can use your bond holdings and exchange them into your equity funds. It is the exact opposite of what people do when they want to take profit (re-allocate) from their equity funds in a bull market and put them in their b...
by Mr.BB
Tue Jul 03, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Investing
Replies: 6
Views: 262

Re: Need Help Investing

This 16-page document is geared to people a bit younger than you, but the basic information is very useful and advocates for Boglehead investing principles: http://www.etf.com/docs/IfYouCan.pdf You definitely need term life insurance for both you and your wife, but stay away from universal life. Yo...
by Mr.BB
Sat Jun 23, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1709

Re: How to help my teen (14) grow their savings faster?

Teach her more. Have her set up a pretend portfolio in Morningstar. Have her add money to the various funds over the course of a year (as if she was having 401k work money withheld per pay period). Let her see happens to her money and show her the style boxes with her portfolio. I would also show he...
by Mr.BB
Tue Jun 19, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a 26 year old?
Replies: 15
Views: 1400

Re: Asset Allocation for a 26 year old?

Looks good. Glad to see you're not holding any bonds in your 20's. Don't forget about having an emergency fund!
by Mr.BB
Sun Jun 17, 2018 11:42 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12071

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

How often do you go out to dinner in a month? Depending on where you like to go eat, not going 1-2x a month should cover it. Zero. We only go out to eat when we have restaurant giftcards that we get from watching someone's kids or something. I recently got a giftcard to Olive Garden from work for a...
by Mr.BB
Sun Jun 17, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12071

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

How often do you go out to dinner in a month? Depending on where you like to go eat, not going 1-2x a month should cover it.
by Mr.BB
Sun Jun 17, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 37889

Re: Bogleheads, tell me about your 40's?

My friend plays at a level 4/5 tennis, used to do marathons, overall very good shape. What his trainer meant was to keep up a high level of fitness (that is where my friend was 20 years ago, and still is). Working on flexibility, balance works, joint stability work, core, strength, etc. You can and ...
by Mr.BB
Sun Jun 17, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard email about transition fund accounts to new brokerage platform
Replies: 37
Views: 2364

Re: Vanguard email about transition fund accounts to new brokerage platform

I also had a post about this. I keep getting the same email request to change over to their brokerage platform, since by law they cannot do it themselves. I am not going to do it unless they flip the entire current platform over to the brokerage platform.
by Mr.BB
Sun Jun 17, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 37889

Re: Bogleheads, tell me about your 40's?

A friend of mine personal trainer told him 20 years ago that what he does in the gym now (age 40) will affect him 20 years later. He told me his trainer was completely right.
by Mr.BB
Sat Jun 16, 2018 4:39 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7099

Re: can we afford to spend $20K on travel annually

mancich wrote:
Sat Jun 16, 2018 4:29 am
You can absolutely afford it and should do it. Memories with your wife and children are priceless. :happy
+1
by Mr.BB
Sat Jun 16, 2018 4:25 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7099

Re: can we afford to spend $20K on travel annually

"One day you will wake up and there won't be any more time to do the things you've always wanted. Do it now.
~Paul Coelho
by Mr.BB
Sat Jun 16, 2018 4:19 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12071

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

I pay extra on my mortgage even though I haven't maxed out my 401k. Does that count as breaking a Boglehead rule? We also don't have life insurance, despite having a one-year-old. It's been on my to-do list, but who has the time? Do you have time to watch SportsCenter or whatever TV shows you like ...
by Mr.BB
Wed Jun 13, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 108742

Re: Anyone regret paying off mortgage early?

No, glad we did it. Takes a lot pressure off the monthly budget and we can take any extra money (that is not going toward the mortgage payment) and invest it.
by Mr.BB
Tue Jun 12, 2018 1:35 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 11821

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

I listen sometimes to DR on my drive to work. I like some of his ideas on getting out of debt. However he is way off base on his savings approach. He totally misses the point of time being the most valuable asset you can have. Like Warren Buffet says, "You don't need a big snowball, just a big hill....
by Mr.BB
Mon Jun 11, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to convince my co-worker to invest more?
Replies: 47
Views: 3457

Re: How to convince my co-worker to invest more?

Definitely get him the book. I also like simple examples. You could show him on a savings calculator the difference over 40 years what an increase in his savings to the 401k will make (hundred of thousands of dollars), versus waiting 5 or 8 years before he starts increasing, the numbers are staggeri...
by Mr.BB
Thu Jun 07, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 6895

Re: What commuter car provides the best long term financial value?

I drive about the same amount of miles you do per year. The last three cars have all been Honda Civics EX models. My first one was 2002 it went till 2007 about 134,000 miles My second one was 2007 lasted till 2017 had about 270,000 miles. I'm on my third Honda right now, I got last year my 2017 mode...
by Mr.BB
Mon Jun 04, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2267

Re: Vanguard platform

Why stay with 19th century stuff, jump to the 21st century and join the FUN. Your money, your portfolio, your decision. Gracias por leer / cfs I agree... which is why I an NOT moving until they make me.... I have one acct in the new and wish I'd never done that - they convinced me my issues would b...
by Mr.BB
Mon Jun 04, 2018 3:33 am
Forum: Personal Consumer Issues
Topic: 6 hour layover on Heathrow
Replies: 54
Views: 4939

Re: 6 hour layover on Heathrow

With the time it takes to get from the airport to the downtown area, you wouldn't have much time to look around and then you will have to deal with going through TSA/security again. You would be better off taking the money and relaxing in one of the club lounges. Some of them even have showers and d...
by Mr.BB
Sun Jun 03, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2267

Re: Vanguard platform

livesoft wrote:
Sun Jun 03, 2018 3:16 pm
Who knows? Maybe they will offer holdouts $100 to switch? :)

Ever been on a plane when they ask for volunteers who will get voucher to be bumped?
+1
by Mr.BB
Sun Jun 03, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2267

Vanguard platform

I do not have a brokerage account with Vanguard, and I use their old platform; although simple in it's layout, works great for me. We have my SEP our ROTHS and basic mutual funds (2) with them. I got an email saying they are retiring the old platform and are transitioning to the new one (which I bel...
by Mr.BB
Tue May 29, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5186

Re: I've never budgeted sucessfully

I use Quicken. I simply download our credit card information a couple times a month The key is making sure your categories are updated correctly and then most importantly you have to track your cash. A few dollars here there really does add up. A car wash , a cup of coffee, etc...you will probably f...
by Mr.BB
Tue May 29, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5186

Re: I've never budgeted sucessfully

White Coat Investor wrote:
Wed May 23, 2018 10:59 pm
Budgeting is a lot of work, but it's a commitment to your financial future.
+1