Search found 2668 matches

by FIREchief
Tue Oct 16, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: Huge drops in VTXVX and VTHRX [Vanguard Target Date Funds]
Replies: 51
Views: 3927

Re: Huge drops in VTXVX and VTHRX

ralphs007 wrote:
Mon Oct 15, 2018 6:57 pm
I hardly ever check my accounts,but I signed in tonight,to transfer some money out of my money marked account.I almost fainted when I saw the 18.47 drop! I live in a one story house,so I couldn't even jump off my roof. :oops:
Why can't you jump off the roof of a one story house? :confused
by FIREchief
Mon Oct 15, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1722

Re: Kids and Money

(1) Pretend we have less money than we have. We live well below our means anyway, so it would be pretty easy. But I’m not a fan of being dishonest with our kids. How is not telling your child (or anybody else) how much money you have being dishonest? :confused I generally prefer that everybody who ...
by FIREchief
Mon Oct 15, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

I simply don't get that. Now if they called the firm and said "I will never buy your products. While you are talking and presenting, I will be tuning you out and playing with my phone. When you reach the XX minute mark, I will get up and leave". If the company says "no problem, come anyway", then t...
by FIREchief
Mon Oct 15, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

After that one, H and I decided we prefer not to dine where we will be asked to make an appointment. We rather pay for a meal and not have anyone try to pitch anything to us—our curiosity was satisfied. I was never asked to make an appointment. It was offered, but I just ignored it. :confused This ...
by FIREchief
Sun Oct 14, 2018 2:08 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

I've got a new gig. Focus Groups! Went to one this morning. Walked out with $150 cashola in my pocket. I've been on several lists but have not been selected or been otherwise engaged for a year or so. This was an hour and a half with snacks provided. This was questions about our city & growth issue...
by FIREchief
Sun Oct 14, 2018 2:04 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

I'm always perplexed at the effort that some people put into getting free things, or very discounted things, that show little valuation for their time or personal information. Effort?? LOL!!! They send me an invite. I make a phone call. I eat a delicious free meal. Where's the effort in that?? :con...
by FIREchief
Sun Oct 14, 2018 1:51 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

appointments. The pitch is always for annuities. One advisor asked me to leave when I told him that I subscribe to the Bogle investing philosophy. Was this at the dinner or a follow up appointment? It varies. The ones that tell you upfront at the dinner aren't trying to hide anything. The others al...
by FIREchief
Sat Oct 13, 2018 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Get rid of my Roth IRA?
Replies: 30
Views: 1859

Re: Get rid of my Roth IRA?

Is this a joke?? :confused
by FIREchief
Sat Oct 13, 2018 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 39
Views: 5306

Re: $50,000: Should I buy now or wait for the market to drop further?

sksbog wrote:
Sat Oct 13, 2018 11:38 pm
Why not divide $50,000 into 12 months and buy each month according to your AA? That way you are not market timing.
The best time to buy stocks is "now." The best time to sell stocks is "never." So, buy now!
by FIREchief
Sat Oct 13, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Balance Billed Illegally?
Replies: 14
Views: 980

Re: Medical Balance Billed Illegally?

MJT7665 wrote:
Sat Oct 13, 2018 12:14 pm
Can I reasonably expect to get more than my money back?
No.
by FIREchief
Sat Oct 13, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

I just check our annuities. . .no change. . . still kicking out the same old percentage. +1 8-) Do check in again when the market is soaring and tell us more about this percentage!! :sharebeer That's what my Risk Portfolio is for. Those of us with liabilities matched sleep well in good markets and ...
by FIREchief
Sat Oct 13, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

mickeyd wrote:
Sat Oct 13, 2018 12:27 pm
Enjoy the meal, but don't drink the Kool-Aid.
Bravo!! This quote should become the thread title! :sharebeer
by FIREchief
Sat Oct 13, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

FIREchief wrote:
Thu Oct 11, 2018 2:48 pm
He promised to keep it to an hour and actually wrapped it up in about 55 minutes.
WildBill wrote:
Sat Oct 13, 2018 11:07 am
Three hours out of my life listening to nonsense from people I do no respect while eating food that is not good for me?
One of these things is not like the other..... :P
by FIREchief
Sat Oct 13, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

The forum sure gets interesting when the market heads into choppy waters. Would be interesting to chart the level of forum activity against market volatility. I doubt you would see a blip. Most here have been there/done that. Do you really think that -5% = "choppy waters?" I would call "choppy wate...
by FIREchief
Fri Oct 12, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

appointments. The pitch is always for annuities. One advisor asked me to leave when I told him that I subscribe to the Bogle investing philosophy. Was this at the dinner or a follow up appointment? It varies. The ones that tell you upfront at the dinner aren't trying to hide anything. The others al...
by FIREchief
Fri Oct 12, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Taxable Vanguard Joint Account Titling
Replies: 6
Views: 593

Re: Taxable Vanguard Joint Account Titling

Or you could open the account at Fidelity and easily designate primary and contingent beneficiaries along with "per stirpes" designations if so desired. It is baffling why VG doesn't change their archaic policy on this. I know of one former VG customer who left precisely because of this policy.
by FIREchief
Fri Oct 12, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

Any tips on how to get invited to these seminars? I just turned 50 this year. Is it just a matter of time now? It's hard to say. Age is certainly a factor. Credit score might be as well. I get most of ours, but DW also gets them from time to time. There also may be some word of mouth where your nei...
by FIREchief
Fri Oct 12, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

We've been to Ruth's Chris, Fleming's, McCormick and Schmick, Maggione's, Carrabba's. That's a great compilation. :thumbsup The pitch is always for annuities. I've gotten the annuity pitch, but most of ours have been overall financial planning with referrals to financial advisors, estate attorneys ...
by FIREchief
Fri Oct 12, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

FBN2014 wrote:
Fri Oct 12, 2018 8:15 am
appointments. The pitch is always for annuities. One advisor asked me to leave when I told him that I subscribe to the Bogle investing philosophy.
Was this at the dinner or a follow up appointment?
by FIREchief
Fri Oct 12, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

Well it looks like my 2017 Roth conversions will stick. No more recharacterizations unless the tax laws revert. :?
by FIREchief
Fri Oct 12, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

SevenBridgesRoad wrote:
Thu Oct 11, 2018 11:21 pm
bighatnohorse wrote:
Thu Oct 11, 2018 6:18 pm
I just check our annuities. . .no change. . . still kicking out the same old percentage.
+1 8-)
Do check in again when the market is soaring and tell us more about this percentage!! :sharebeer
by FIREchief
Thu Oct 11, 2018 11:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

BeBH65 wrote:
Thu Oct 11, 2018 11:26 pm
Looking for the article that i read which is a beter reference then [url=https://www.fool.com/knowledge-center/6 ... w-about-a-
You lost me at fool.com. Those clowns are in the same realm as Kramer in my experience. A lot of noise, not much signal.
by FIREchief
Thu Oct 11, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

On "average" the stockmarkets have a correction (-10%) every year, go -20% every 2 years, and once in a while go-30%,-40%,-50% or more and might not have recovered after several years. Since 1950, 37% of the years have experienced a low that was less than 90% of the close on Jan 1: January-08 50.48...
by FIREchief
Thu Oct 11, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

At the end when he was issuing his altar call free consultation invite, he actually suggested that there are three types of people who should probably not schedule a meeting. I can't remember the third, but I was two of them. "If you just looked at the invite and thought you would like to get a fre...
by FIREchief
Thu Oct 11, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity announces simplified index fund structure]
Replies: 20
Views: 2452

Re: [Fidelity announces simplified index fund structure]

I recently helped a friend invest a bit over $300 in one of the new Fido Zero funds; not so much for gains but more for educational purposes. It is really nice that Fido has built enough efficiency into their systems that such low positions in a fund doesn't strain their profits. I think they have i...
by FIREchief
Thu Oct 11, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

On "average" the stockmarkets have a correction (-10%) every year, go -20% every 2 years, and once in a while go-30%,-40%,-50% or more and might not have recovered after several years. I believe that you are overstating that. I mined the S&P history from the early 1950s a few years ago, and the mar...
by FIREchief
Thu Oct 11, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

If the market drops over 19% tomorrow, it means I need to start thinking about recharacterizing my Jan 2017 Roth conversions of VTI. I would still have all weekend to think about it and get my 2017 1040x ready to file by Monday (which is the deadline). :mrgreen:
by FIREchief
Thu Oct 11, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Copy/paste from sister's Living Trust?
Replies: 18
Views: 1442

Re: Copy/paste from sister's Living Trust?

We were advised not to put vehicles in the trust since you tend to replace them over time. Also having your trust own a vehicle can signal to some people (after an accident) that there must be lots of wealth there, because the vehicle is owned by a trust, rather than a person. You could then be sue...
by FIREchief
Thu Oct 11, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Copy/paste from sister's Living Trust?
Replies: 18
Views: 1442

Re: Copy/paste from sister's Living Trust?

That said, I think they can be useful but the problem with revocable trusts is you have to keep them updated and keep moving assets in to them . Please exlain what you are referring to here. Well without getting too specific, most recently for me this has meant transferring title of vehicles and re...
by FIREchief
Thu Oct 11, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

Anyone have a hypothesis as to what in the world is causing the drop this week? One word answer: "fear" I'm hoping for continued "fear" through December so that my Roth conversions on Jan 2 will be at discount rates. I wouldn't necessarily call this a drop. "Heavy noise" would be more like it.... 8...
by FIREchief
Thu Oct 11, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

... Looks like he wanted 1% AUM to "help" people, which would not include the kickbacks he would get from referring clients to financial advisors, estate lawyers, insurance/annuity salespersons, etc. ... Lawyers aren't allowed to share fees with nonlawyers. If you go to the free dinner seminar and ...
by FIREchief
Thu Oct 11, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

Anyone have a hypothesis as to what in the world is causing the drop this week? One word answer: "fear" I'm hoping for continued "fear" through December so that my Roth conversions on Jan 2 will be at discount rates. I wouldn't necessarily call this a drop. "Heavy noise" would be more like it.... 8...
by FIREchief
Thu Oct 11, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32781

Re: free dinner investing seminar

Maybe with the stock market noise, a few more free dinner's may be just the distraction some folks need. DW and I just attended one last night at the best Italian restaurant in our area. We had never been there before, but DW had been wanting to try it. One of the best yet! Ceasar salad, best lasagn...
by FIREchief
Thu Oct 11, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

noviceinvestor85 wrote:
Thu Oct 11, 2018 2:23 pm
I'm in a passive tracker fund with 80% US equities, no exit fees, wondering if I should just exit now...
Sell low??
by FIREchief
Thu Oct 11, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

I just scanned Europe and Asia for the past five days. It looks like we may actually be falling a bit slower than the rest of the world. How's that go again? When the US markets catch a cold...…. :confused
by FIREchief
Thu Oct 11, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546189

Re: U.S. stocks in freefall

Anyone have a hypothesis as to what in the world is causing the drop this week? One word answer: "fear" I'm hoping for continued "fear" through December so that my Roth conversions on Jan 2 will be at discount rates. I wouldn't necessarily call this a drop. "Heavy noise" would be more like it.... 8-)
by FIREchief
Thu Oct 11, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Copy/paste from sister's Living Trust?
Replies: 18
Views: 1442

Re: Copy/paste from sister's Living Trust?

megabad wrote:
Thu Oct 11, 2018 12:27 pm

That said, I think they can be useful but the problem with revocable trusts is you have to keep them updated and keep moving assets in to them.
Please exlain what you are referring to here.
by FIREchief
Wed Oct 10, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 RBD?
Replies: 28
Views: 2051

Re: S&P 500 RBD?

Well it is October.... :twisted:
by FIREchief
Mon Oct 08, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11479

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

I wonder if anybody here is on the flip side of this coin. When I was in my thirties, I may have been just as likely to lose sleep over worrying about having to work until 80 as I would have worried about a stock market losing to bonds for 30 plus years. Fortunately, I went 100% equities until FIRE....
by FIREchief
Sat Oct 06, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated inherited IRA situation
Replies: 8
Views: 1011

Re: Complicated inherited IRA situation

I would call the IRS and ask for guidance.
by FIREchief
Fri Oct 05, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice will vs trust for my situation
Replies: 28
Views: 2127

Re: Need advice will vs trust for my situation-UPDATE

It sounds like what you have is a revocable trust(s) with a pour over will(s). Unlike a testamentary trust, a revocable trust bypasses probate. The pour over will has to go through probate. It looks like SD has a small estate limit of $50,000; so if the pour over assets are less than $50,000, they ...
by FIREchief
Fri Oct 05, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much effort to close an estate and is it worth it?
Replies: 13
Views: 1422

Re: How much effort to close an estate and is it worth it?

When we were settling my mom's estate one thing that the lawyer said that was that in at least our state we should not let anyone drive her car. The problem was that her insurance would not cover us since she had not given permission to drive the car. Our insurance including an umbrella policy woul...
by FIREchief
Thu Oct 04, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.
Replies: 52
Views: 6547

Re: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.

Not sure what 2007 data you're talking about. The S&P 500 P/E numbers for the four quarters of 2007 were as follows: 22.19 19.42 17.70 17.09 The time to mark your calendar for is early 2020 when the full years 2018 and 2019 will have replaced 2008 and 2009. You probably won't need a reminder as des...
by FIREchief
Thu Oct 04, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.
Replies: 52
Views: 6547

Re: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.

Just for comparison, say you were considering buying someone's business. You wouldn't just pay whatever they're asking or take their word for it that they're asking for a fair rate. You're going to want to see their books and see what the business is making/has made. I'd put far more stock (no pun ...
by FIREchief
Wed Oct 03, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11729

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

I would think that the buyer would have to prove to a court that the unit had stopped working. The mere fact that they installed a replacement system does not prove that the old system had quit working and/or was not repairable. Some people will replace a functioning system with a new system to obta...
by FIREchief
Wed Oct 03, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.
Replies: 52
Views: 6547

Re: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.

Just for comparison, say you were considering buying someone's business. You wouldn't just pay whatever they're asking or take their word for it that they're asking for a fair rate. You're going to want to see their books and see what the business is making/has made. I'd put far more stock (no pun ...
by FIREchief
Wed Oct 03, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.
Replies: 52
Views: 6547

Re: [WSJ] The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart.

Just for comparison, say you were considering buying someone's business. You wouldn't just pay whatever they're asking or take their word for it that they're asking for a fair rate. You're going to want to see their books and see what the business is making/has made. I'd put far more stock (no pun ...
by FIREchief
Wed Oct 03, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: A simple moving average timing model using stocks and treasuries
Replies: 36
Views: 2024

Re: A simple moving average timing model using stocks and treasuries

One could simply maintain the preferred AA, such as 60/40, and move out of stocks completely into treasuries when stocks break lower than their 10-month MA, and then back to the preferred AA when stocks break back above their 10-month MA. Criticisms? Thoughts? Sell low and buy high?? :confused
by FIREchief
Wed Oct 03, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 7588

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Economics isn't a real science. Too many variables, not enough data points, can't repeat experiments, hard to isolate independent variables, etc. Then throw in human emotions and changing laws, etc. Imagine how hard it would be to quantify anything in physics if Congress could change variables with...
by FIREchief
Mon Oct 01, 2018 7:03 pm
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14733

Re: Should we stay in Crazytown because there's no where to run?

CAPEtown is the Crazytown. It's filled with folks who think that something that happened ten years ago is a firm foundation for predicting the future. The mayor appears to be a guy with a fancy trophy who was never really "in the game." Crazy indeed!! :oops: