Search found 1706 matches

by friar1610
Wed Jul 01, 2020 4:08 pm
Forum: Personal Consumer Issues
Topic: United States Postal (Dis)service
Replies: 10
Views: 1022

Re: United States Postal (Dis)service

Any chance any of your Congress people are on any of the committees with oversight of the USPS?
by friar1610
Mon Jun 29, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 180
Views: 11384

Re: What is the best financial decision you ever made?

Oddly enough, the best is pretty close to almost being the worst: Started investing as a brand new 2LT in the Army. That developed a habit that has stayed for the last 27 years. A lot of folks can likely guess why it is also close to being the worst...that early investing was with USPA&IRA. Moved t...
by friar1610
Mon Jun 29, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 180
Views: 11384

Re: What is the best financial decision you ever made?

Not moving up from a "starter" home at one specific point in our lives. We bought our first home (in the DC 'burbs) in 1976 after 4 years overseas with the Navy. Lived there 3 years and then rented it out while we were transferred out of the area for 5 years. Returned for what was to be 5 years and ...
by friar1610
Sun Jun 28, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 130
Views: 7426

Re: Which College degrees are worthwhile?

Well, don't know precisely but then I didn't make the assertion. So, let's just put it this way. A cursory search on the web tells me there were 630 US billionaires in 2020. For starters, compared to the US adult population, that doesn't sound like "many", at least to me. But even if half of them a...
by friar1610
Sun Jun 28, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 130
Views: 7426

Re: Which College degrees are worthwhile?

Well, don't know precisely but then I didn't make the assertion. So, let's just put it this way. A cursory search on the web tells me there were 630 US billionaires in 2020. For starters, compared to the US adult population, that doesn't sound like "many", at least to me. But even if half of them a...
by friar1610
Sun Jun 28, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 130
Views: 7426

Re: Which College degrees are worthwhile?

College dropouts are worthwhile, there are many of them now billionaires. Chemical engineering graduates get paid higher than other engineering majors. What is your definition of "many"? What is your definition? Well, don't know precisely but then I didn't make the assertion. So, let's just put it ...
by friar1610
Sat Jun 27, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 130
Views: 7426

Re: Which College degrees are worthwhile?

wander wrote:
Sat Jun 27, 2020 12:52 am
College dropouts are worthwhile, there are many of them now billionaires.

Chemical engineering graduates get paid higher than other engineering majors.
What is your definition of "many"?
by friar1610
Fri Jun 26, 2020 9:27 am
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11227

Re: What is the single best piece of exercise equipment you bought for your home?

My 3 month membership ($45) to Team Body Project which has an incredible number of workout videos of various intensity levels and emphases (core, upper body, cardio, resistence, etc.). Workouts are grouped/packaged such that you can start at various fitness levels and work your way up or concentrate...
by friar1610
Wed Jun 24, 2020 3:29 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11227

Re: What is the single best piece of exercise equipment you bought for your home?

Nordictrack ski machine bought in the 1980s -- still works. No electric parts, gives a very good aerobic workout. I don't know why they stopped making them though, since years ago there were studies that cross-country skiing gave the best cardio workout. I have one of those that I use regularly, ei...
by friar1610
Tue Jun 23, 2020 6:57 pm
Forum: Personal Investments
Topic: Help me advise my 20 year old
Replies: 54
Views: 3064

Re: Help me advise my 20 year old

lifestooshort wrote:
Tue Jun 23, 2020 5:46 pm
oldfort wrote:
Tue Jun 23, 2020 1:55 pm
If he's military, invest in the TSP.
He is doing that. It's not much though. About $110 mo.
That's a great start. Tell him to avoid First Command, a "financial services" firm that targets the military.
by friar1610
Sat Jun 20, 2020 2:56 pm
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17221

Re: Susie Orman Says You are Crazy to be Investing in Bonds

badbreath wrote:
Sat Jun 20, 2020 12:01 am
last time I read Susie's portfolio was almost 100% bonds.
I haven't read anything by or about her for years. But my recollection is that she was recommending Treasurys (and staying away from stocks) way back then.
by friar1610
Sat Jun 20, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard offer a CMA/Service ?
Replies: 55
Views: 3496

Re: Should Vanguard offer a CMA/Service ?

I'm sure I'm not the only one here who is a member of the "Vanguard Steering Community". They send aperiodic questionnaires asking for opinions on things they are thinking about introducing, marketing strategies, adequacy of services, etc. Within the past month I received one dealing with CMAs - bas...
by friar1610
Tue Jun 16, 2020 5:04 pm
Forum: Personal Investments
Topic: AA when pension and SS cover expenses? Retirement planning??
Replies: 23
Views: 1594

Re: AA when pension and SS cover expenses? Retirement planning??

Quaestner wrote:
Tue Jun 16, 2020 4:02 pm
Very similar situation at our house. We decided on 50:50.
+1
by friar1610
Mon Jun 15, 2020 2:58 pm
Forum: Personal Consumer Issues
Topic: Weber Genisis II grill grates
Replies: 19
Views: 1691

Re: Weber Genisis II grill grates

I have porcelain. After they've cooled down I soak them in hot water for about 5 minutes in my deep sink. This softens whatever food matters has gotten on them. If it's not too bad, they clean pretty well with the rough side of a sponge. If they have a lot of stuff on them I use a Brillo pad. This h...
by friar1610
Fri Jun 12, 2020 9:16 pm
Forum: Personal Investments
Topic: Center of Gravity 30/70: How do you allocate the bond portion?
Replies: 6
Views: 952

Re: Center of Gravity 30/70: How do you allocate the bond portion?

The 30/70 "Center of Gravity" is often attributed to Rick Ferri. If you check Rick's Core-4 portfolio web site (core-4.com) you can see the specific bond funds he recommends for the various flavors of portfolios he has put together. I think the "classic" portfolios are the closest to the 30/70 in th...
by friar1610
Thu Jun 11, 2020 8:09 am
Forum: Personal Investments
Topic: When does an advisor make sense?
Replies: 56
Views: 2765

Re: When does an advisor make sense?

When advisor is a fiduciary and charges a one time fixed fee My wife and I developed a plan for her parents and wanted a third-party fee-only fiduciary to review/critique/endorse our plan. We worked with Rick Ferri, and strongly recommended his services. I did the same, although not with Rick Ferri...
by friar1610
Tue Jun 09, 2020 4:52 pm
Forum: Personal Investments
Topic: Vanguard Digital Advisor "algorithm change"
Replies: 51
Views: 4285

Re: Vanguard Digital Advisor "algorithm change"

This does seem like an excessively large change - normally I would expect more gradual adjustments over time. Just curious - what would you consider an excessively large change? EDITED TO ADD: Please disregard my question, tibbits. I swear I saw "...does NOT seem like an excessively..." when I firs...
by friar1610
Mon Jun 08, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1952
Views: 211664

Re: [What TV Show Have You Recently Watched?]

Two shows available on PBS Passport (which I think means they were previously on Masterpiece or Mystery: - MODUS: a Swedish cop show (although the central character is a psychologist who profiles criminals). Primarily in Swedish w/English subtitles although limited dialogue is in English. Part of th...
by friar1610
Sun Jun 07, 2020 3:26 pm
Forum: Personal Investments
Topic: Portfolio Comparison Tool
Replies: 10
Views: 830

Re: Portfolio Comparison Tool

Have you ever tried the Portfolio Tester tool on the VG web site? I noted that you currently have Vanguard funds. Do you have on-line access? And have you input your non-VG accounts so they are all displayed when you log onto VG? This is easily done and you can either have your non-VG accounts eithe...
by friar1610
Sat Jun 06, 2020 9:11 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 3871

Re: Retirees: what is your AA?

75/74. Good pension. Two SS taken early. Nominal goal is 50/50 (with 3% cash included in fixed). Currently at about 47% equity with about 23% of that international. An equity allocation of 45-50% with 20-25% international is fine for us. Fixed allocation more than exceeds a dollar minimum to ensure ...
by friar1610
Fri Jun 05, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: Anyone wish they would have invested more during recent downturn?
Replies: 124
Views: 11008

Re: Anyone wish they would have invested more during recent downturn?

Short answe: yes, I wish I'd reallocated a bit more to equities when I had the chance. (20-20 hindsight). i moved about $20K of fixed income to equities in my taxable account during the downturn but didn't move enough to get all the way back to my target AA. In retrospect, I should have made those m...
by friar1610
Fri Jun 05, 2020 8:30 am
Forum: Personal Investments
Topic: Bernstein Calculation?
Replies: 20
Views: 1776

Re: Bernstein Calculation?

What would be a back of the envelope calculation for “safe” gross assets to hold if one were following what they understand to be the Bernstein recommendation. To keep it simple, assume a fully retired couple at age 70 with annual expenses of $60k net of social security. Assume a real rate of retur...
by friar1610
Wed Jun 03, 2020 4:03 pm
Forum: Personal Investments
Topic: Portfolio for 72 year old couple
Replies: 35
Views: 2716

Re: Portfolio for 72 year old couple

To the OP: I notice you have a VA pension so you must be a vet. That being the case, be sure to periodically check NFCU (Navy Federal CU) for CD deals. They occasionally have some great specials - a fairly recent one was 3.75% for a 37 month IRA certificate. They also sometimes have good "add on" CD...
by friar1610
Wed Jun 03, 2020 2:08 pm
Forum: Personal Investments
Topic: Exceeding insurance limit on IRA at NFCU
Replies: 14
Views: 780

Re: Exceeding insurance limit on IRA at NFCU

Another vote for #1. NFCU is a solid and reputable organization.
by friar1610
Sat May 30, 2020 3:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 194
Views: 18866

Re: Vanguard High Dividend Yield Index Fund

Is there any reason not to have a dividend-focused ETF or MF in an IRA? (I do understand that dividends are not "free money" and that what's paid out in dividends reduces the value of the ETF or MF correspondingly.) But what does that all matter in an IRA? When you withdraw it you'll be taxed the sa...
by friar1610
Thu May 28, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: Mens Wrinkle Cream
Replies: 18
Views: 1433

Re: Mens Wrinkle Cream

I'll keep the wrinkles. I want people at the gym to say, "That old guy may have a lot of wrinkles but he sure works out like a younger guy!" :beer
by friar1610
Wed May 13, 2020 11:25 am
Forum: Personal Consumer Issues
Topic: COVID - 19 things to do
Replies: 51
Views: 4263

Re: COVID - 19 things to do

Workout, workout and workout. You dont need to drive anymore, no wasting time chit chatting with colleagues when you see them at work use all that time to excercise. No excuse to not eat healthier food made in home, no excuse to limit drinking anymore as bo more work events. No more zero days, your...
by friar1610
Mon May 11, 2020 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4208

Re: What age do you use for retirement end date?

At 50, 75 sounds old. I am 70. My good friend is 77. We both are still working full time and going strong. We are both boaters and spend a lot of time at the lake. At 75 you will still care about income and buying things, trust me. +1 I just had my 75th birthday last week and I am far from over the...
by friar1610
Sat May 09, 2020 10:39 pm
Forum: Forum Issues and Administration
Topic: Thank you, moderators!
Replies: 46
Views: 2869

Re: Thank you, moderators!

I add my thanks to all those above.
by friar1610
Mon May 04, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 697
Views: 92408

Re: Best CD rates thread

Just a quick update...I did the paperwork about a week-10 days ago to transfer IRA funds from VG to NFCU to hop on the 37 mo/3% deal. (This involved filling out an NFCU form and faxing or emailing a scan of it to them. NFCU, in turn, faxed it to VG to effect the actual money transfer.) Before I did...
by friar1610
Sun May 03, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: [Are American markets likely to outperform INTL]
Replies: 237
Views: 16271

Re: American exceptionalism

I hesitate to even chime in on this thread as they usually devolve into a mess. But I'd just point out that the US does have certain structural advantages which give businesses based here and the country as a whole some wind at their backs. Things like: 1. Arable land 2. Access to fresh water 3. Hi...
by friar1610
Fri May 01, 2020 10:22 pm
Forum: Personal Investments
Topic: BND vs CDs
Replies: 6
Views: 1156

Re: BND vs CDs

I am moving over to 2-fund portfolio strategy and wanted general advice on how to allocate 25% (my allocation for fixed income). Though I have invested a bit in bonds in past (MUB) trying to understand more about bonds especially in the current scenarios of low-interest rates. I do see the advantag...
by friar1610
Thu Apr 30, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 697
Views: 92408

Re: Best CD rates thread

Just a quick update...I did the paperwork about a week-10 days ago to transfer IRA funds from VG to NFCU to hop on the 37 mo/3% deal. (This involved filling out an NFCU form and faxing or emailing a scan of it to them. NFCU, in turn, faxed it to VG to effect the actual money transfer.) Before I did ...
by friar1610
Mon Apr 27, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you keep cold hard cash in your home?
Replies: 22
Views: 1274

Re: Do you keep cold hard cash in your home?

I keep a few hundred. The main reason is that we had a local weather event that caused a power outage in the immediate area for several days, and many of the local stores could take cash only, and the atms were also down. ^ This. Haven't had the actual experience yet but there's always the potentia...
by friar1610
Sat Apr 25, 2020 3:41 pm
Forum: Personal Investments
Topic: Anyone Else Having Problems with Vanguard's Overview Asset Mix?
Replies: 6
Views: 844

Re: Anyone Else Having Problems with Vanguard's Overview Asset Mix?

For the past week or so, I've had a problem with Vanguard's Asset Mix page. The balance totals are accurate but when I go to the Asset Mix page, my Portfolio has a large percentage of "Uncategorized." That is not helpful. I have a few outside accounts information included. Anyone else have this pro...
by friar1610
Thu Apr 23, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1952
Views: 211664

Re: [What TV Show Have You Recently Watched?]

FWIW, I couldn't get past the first episode of Shitts Creek , either. I also stopped watching The Wire at Season 3. Shitts Creek , The Wire , West Wing , and Billions are critically acclaimed shows I just can’t watch. Loved The Wire. Don't know if it was because I was living in Baltimore at the tim...
by friar1610
Thu Apr 23, 2020 2:42 pm
Forum: Personal Investments
Topic: When Is The Right Time to Reduce Portfolio Risk
Replies: 20
Views: 1534

Re: When Is The Right Time to Reduce Portfolio Risk

I like and roughly follow Dr. Wm Bernstein's approach for those who have enough. Basically, put X years of draw down dollars needed in "safe" products and the rest invest any way you want. I'm 72 and in my late 60's I couldn't decide what allocation was right for me -- what 60/40 too? was 40/60 too...
by friar1610
Wed Apr 22, 2020 2:25 pm
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6358

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

If it was going to be the primary family car that we would use for longer trips, the Camry. (I am a long-legged > six footer.) If the secondary car (primarily short trips around town or to nearby locations) the Corolla.
by friar1610
Wed Apr 22, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: Flip from 60/40 to 40/60
Replies: 42
Views: 3575

Re: Flip from 60/40 to 40/60

The right answer for you might depend on your objectives. I haven't run the numbers for the specific scenario/time period you describe. But most of the things I've read say that there is very little difference in portfolio survival rates with portfolios ranging from 40/60 to 60/40 given a specific w...
by friar1610
Sat Apr 18, 2020 12:03 pm
Forum: Personal Investments
Topic: NFCU 3%+ Certificates
Replies: 22
Views: 2154

Re: NFCU 3%+ Certificates

If I am reading this correctly, the Special EasyStart Certificate @ 3.5% allows you to put a MAXIMUM of $3,000 in it? I’m not sure that’s worth it (for me) to change my direct deposit, etc. NFCU's "Easy Start" certificates are sorta "entry level" offerings. They often have other specials as well. C...
by friar1610
Fri Apr 17, 2020 5:42 pm
Forum: Personal Consumer Issues
Topic: Runners -Anyone use the old fashion Shoe Goo??
Replies: 30
Views: 1400

Re: Runners -Anyone use the old fashion Shoe Goo??

....................................... Probably due to my gait, there is a spot on the outside of each heel that seems to wear down faster than it should. So when I see that beginning to happen, I hit it with a squirt is Shoe Goo and I'm good to go for another 10,000 miles or so. ....................
by friar1610
Fri Apr 17, 2020 5:39 pm
Forum: Personal Investments
Topic: NFCU 3%+ Certificates
Replies: 22
Views: 2154

Re: NFCU 3%+ Certificates

If I am reading this correctly, the Special EasyStart Certificate @ 3.5% allows you to put a MAXIMUM of $3,000 in it? I’m not sure that’s worth it (for me) to change my direct deposit, etc. NFCU's "Easy Start" certificates are sorta "entry level" offerings. They often have other specials as well. C...
by friar1610
Fri Apr 17, 2020 3:01 pm
Forum: Personal Investments
Topic: NFCU 3%+ Certificates
Replies: 22
Views: 2154

Re: NFCU 3%+ Certificates

I'm a big fan of NFCU and have a lot of certificates there. Earlier today I did the paperwork to add the proceeds of a maturing brokered CD in my VG IRA to a previously purchased add-on NFCU IRA certificate. 3%+ for another 2 years+. I also bought $50 "placeholder" 37 month 3% IRA certificates for b...
by friar1610
Fri Apr 17, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Runners -Anyone use the old fashion Shoe Goo??
Replies: 30
Views: 1400

Re: Runners -Anyone use the old fashion Shoe Goo??

I'm a "recovered runner" who, at almost 75, walks and hikes now. I just finished a tube of Shoe Goo that I use on my trail shoes to extend their life a bit. Probably due to my gait, there is a spot on the outside of each heel that seems to wear down faster than it should. So when I see that beginnin...
by friar1610
Fri Apr 17, 2020 12:36 pm
Forum: Personal Consumer Issues
Topic: Frugal quarantine habits to keep
Replies: 87
Views: 8388

Re: Frugal quarantine habits to keep

This virus will be with us in one form or another until we have a vaccine available for the masses (probably a year plus). As a 75 year old with asthma, I intend to continue my social isolation as much as possible. I will avoid crowds including all sporting events, no air travel, limited restaurant...
by friar1610
Thu Apr 16, 2020 5:17 pm
Forum: Personal Consumer Issues
Topic: Stimulus Charity?
Replies: 28
Views: 1631

Re: Stimulus Charity?

Massachusetts has established a statewide COVID-19 relief fund. I would imagine other states have similar funds. That fund plus the aforementioned food banks seem like good ideas to me.
by friar1610
Tue Apr 14, 2020 5:47 pm
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 140
Views: 16887

Re: Still using total bond market?

I exchanged a combination of Total Bond Mkt Index and ST Bond Index in my IRA for a slice of ST Treasury Index. Totally eliminated the ST Bond Index; kept most - but not all - of the Total Bond Mkt Index. Reason: to give myself a few years worth of future RMDs in a highly liquid but very low volatil...
by friar1610
Tue Apr 14, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13954

Re: How many paid for kids' college?

My wife and I paid for all tuition, room and board at private colleges for 2 daughters. They both completed their BAs in 4 years (which was part of the deal). We had largely saved for this (in pre-529 days) although some of it came from current earnings at the time. They paid for other expenses atte...
by friar1610
Mon Apr 13, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing for retirees: one direction, both or none?
Replies: 12
Views: 1022

Re: Rebalancing for retirees: one direction, both or none?

Thanks to all for the comments and recommendations.
by friar1610
Sun Apr 12, 2020 3:55 pm
Forum: Personal Investments
Topic: Is there a conservative fund?
Replies: 20
Views: 1466

Re: Is there a conservative fund?

Actually, the Vanguard Life Strategy Income fund is 20% stocks and 80% bonds. I’m a very conservative investor that is considering this fund, but the near 25% in international bonds gives me pause. Right. The Target Retirement income (VTINX) has a 30/70 allocation and is slightly different from the...