Search found 1415 matches

by drk
Mon Sep 16, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: I hesitate to post this (the sky is falling again on BND) but...
Replies: 27
Views: 3447

Re: I hesitate to post this (the sky is falling again on BND) but...

Being new to Bogleheads (and thank goodness i found out about it!!) is there a list of places one can go to get good information on a daily/weekly basis that are not "clickbait factories"? Independent, objective financial & investing information. Would love to have a daily "must read" list! To avoi...
by drk
Sun Sep 08, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4078
Views: 753893

Re: What's Your Credit Card Rewards Strategy?

Is it possible to have Chase switch your type of card, even if you are over 5/24? I really want a United card, but I think I'm over 5/24. I have a Freedom and Freedom Unlimited that I would gladly trade; I have heard about people converting cards before, but an airline card?? Chase only lets you ch...
by drk
Sat Sep 07, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: Quebec City in October
Replies: 23
Views: 1809

Re: Quebec City in October

I think it's not even the northernmost in Canada: BC's Okanagan Valley sits between the 49th and 50th parallels. :beer
by drk
Sat Sep 07, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 206
Views: 19293

Re: Index Fund Bubble?

3blindmice wrote:
Sat Sep 07, 2019 11:22 am
I am not savvy enough in economic theory to understand if Michael Burry's theory has merit and would love your insight.
Even if it did, what would it change for you? Are you savvy enough to invest individual stocks yourself? Are you savvy enough to evaluate active managers?
by drk
Sun Sep 01, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance 7/1 ARM mortgage
Replies: 26
Views: 2177

Re: Refinance 7/1 ARM mortgage

If you expect to live in the house for 7-10 years, why would you go with a 30-year fixed? You would be much better served with your 7/1 ARM, a 10/1 ARM, or a 15-year fixed. All should give you lower rates, too.
by drk
Sun Sep 01, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Living in the Bay Area, got an offer in LA: negotiation help wanted
Replies: 15
Views: 1793

Re: Living in the Bay Area, got an offer in LA: negotiation help wanted

They also told me, "If you excel in 6 months, you will be promoted to the position you wanted bringing the pay you asked for." I find this highly risky since I will be doing all the same work without any guarantee of promotion or next-stage salary (nothing in writing). This is a sham. Even if it we...
by drk
Sat Aug 31, 2019 7:14 pm
Forum: Investing - Theory, News & General
Topic: Why does ETF not track the Admiral Mutual Fund?
Replies: 11
Views: 821

Re: Why does ETF not track the Admiral Mutual Fund?

The overview page says $8.14 is the mid-point between bid/ask. I don't do ETFs, so I don't know if that is the reason for the difference, since I don't know what the $85.10 even represents, WRT bid/ask. :oops: Good eye. Yeah, that is a meaningless number for ETFs, especially after market close. The...
by drk
Sat Aug 31, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: Why does ETF not track the Admiral Mutual Fund?
Replies: 11
Views: 821

Re: Why does ETF not track the Admiral Mutual Fund?

Maybe from google, which shows BND market price as of 4 pm yesterday at $85.10 (-0.012%). Oh, Vanguard shows the same $85.10 (-0.01%) here: https://investor.vanguard.com/etf/profile/performance/BND That's odd. The Overview page shows the numbers I noted above. Meanwhile, Merrill Edge also shows a l...
by drk
Sat Aug 31, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Why does ETF not track the Admiral Mutual Fund?
Replies: 11
Views: 821

Re: Why does ETF not track the Admiral Mutual Fund?

Where are you getting your numbers? Vanguard reports: BND market price: $85.14, +$0.03 (0.04%) BND NAV: $85.09, +$0.04 (0.05%) VBTLX NAV: $11.21, +$0.01 (0.09%) You could also frame your question in the opposite way: why does the Admiral fund not track the market price? Anyway, the answer for the di...
by drk
Sat Aug 31, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Receiving $100K per year on a $2.5MM Portfolio
Replies: 35
Views: 7529

Re: Receiving $100K per year on a $2.5MM Portfolio

Just trying to add onto Marc's answer:

That's a 4% withdrawal rate (wiki). The $100k is from a combination of taking dividends as cash and selling assets. One could also generate income by selling covered calls, borrowing against one's portfolio, etc.
by drk
Mon Aug 26, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6210

Re: Schwab as a one stop shop

SPDR Portfolio line. SPTM (SPDR® Portfolio Total Stock Market ETF), SPDW (SPDR® Portfolio Developed World ex-US ETF), SPEM (SPDR® Portfolio Emerging Markets ETF), and SPAB (SPDR® Portfolio Aggregate Bond ETF), and also short-term and long-term treasury and corporate bond options with ERs around .07...
by drk
Mon Aug 26, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6210

Re: Schwab as a one stop shop

If you’re transferring funds to Schwab, call and ask them for free trades. You don’t need to pay for ETF trades.
by drk
Sun Aug 25, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think about this $4M house idea?
Replies: 103
Views: 7385

Re: What do you think about this $4M house idea?

I don't understand why you would do this deal if they aren't even covering your annual outlay. The logic is exactly the same as people who move and ask whether they should rent out their old condo for less than their PITI.
by drk
Sat Aug 24, 2019 11:16 pm
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 25543

Re: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]

A search on Small Value premium on Google produces the following hits: References to FF, Bogleheads forum posts, Swedroe articles, other DFA shop links . There you have it, I have been hearing about this theory for nearly 20 years now, and always on the above listed sources. So after all these year...
by drk
Sat Aug 24, 2019 10:31 pm
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 4406

Re: Schwab user. Where should I put my Emergency Fund?

A nice thing with SCHO: with the addition of SPST to the commission-free list, it's possible to TLH when the NAV does fall.
by drk
Sat Aug 24, 2019 2:08 pm
Forum: Personal Investments
Topic: Forced to market time, on the wrong day... how to fix?
Replies: 53
Views: 3975

Re: Forced to market time, on the wrong day... how to fix?

Should I buy stocks to skew my AA up and hope stocks go up, to help offset my loss? Then sell those (for a cap gain, hopefully) to get back to my AA? No, definitely not. I understand the sting (read about "loss aversion"), but this way danger lies. While the rollover was not market timing, this cer...
by drk
Wed Aug 21, 2019 11:03 pm
Forum: Personal Investments
Topic: Transferring from Wealthfront to Vanguard
Replies: 6
Views: 444

Re: Transferring from Wealthfront to Vanguard

If you're going to sell everything, the two options are equivalent unless there's a big change in value between your sale/withdrawal and your transfer/sale, in which case it's a crap-shoot as to which is better tax-wise.
by drk
Wed Aug 21, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: First time traveling to Seattle this weekend. Advice?
Replies: 35
Views: 1956

Re: First time traveling to Seattle this weekend. Advice?

Spinasse is a good spot, and it puts you close to Capitol Hill Station for an easy light rail trip to SeaTac. Rather than the Space Needle, consider Columbia Center. It's the tallest building in the city and offers views of the Space Needle. You can also easily fit it into your Pioneer Square trip. ...
by drk
Tue Aug 20, 2019 10:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's "Bogle Site" gone? Hopefully just a glitch.
Replies: 52
Views: 9649

Re: Vanguard's "Bogle Site" gone? Hopefully just a glitch.

Thought more Bogleheads would be upset! I honestly don't see what there is to be upset about. When people note actual customer service issues at Vanguard, they're dismissed. And yet people are able to muster rage about seeing an unmaintained website taken down? I don't get it. It's not as though th...
by drk
Mon Aug 19, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: Hiking in the PNW (Seattle) next weekend. What do I need?
Replies: 29
Views: 1582

Re: Hiking in the PNW (Seattle) next weekend. What do I need?

Check out the hike on WTA (https://www.wta.org/) and let us know. The general answer is the Ten Essentials, but you need to scale them to the type of trip.
by drk
Sun Aug 18, 2019 8:51 pm
Forum: Personal Investments
Topic: Should we buy bond mutual funds now?
Replies: 30
Views: 3518

Re: Should we buy bond mutual funds now?

wmaxmusic wrote:
Thu Aug 15, 2019 2:01 pm
Twelve percent tax bracket (Federal).
Sandtrap wrote:
Fri Aug 16, 2019 8:03 am
3. Muni. Bonds.
Given the details in the OP, muni bonds make no sense here.
by drk
Thu Aug 15, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: "Negotiating" Salary
Replies: 74
Views: 5517

Re: "Negotiating" Salary

As a soon to be first time hiring manager, it warms my heart that so many people are misinformed about salary negotiation. It will make my budget allocation so much easier. Note that you’re not playing a one-round game when negotiating comp with new-hires. It’s easy to poison the relationship when ...
by drk
Fri Aug 02, 2019 10:11 am
Forum: Personal Consumer Issues
Topic: Capital one freeze attempt- fail- action required?
Replies: 10
Views: 833

Re: Capital one freeze attempt- fail- action required?

Capital One uses all three major credit rating agencies. It’s one of the thing that makes them unpopular in the churning community.

That said, placing freezes is a good idea, but stop calling. You received the correct advice upthread: do it online.
by drk
Wed Jul 31, 2019 10:13 pm
Forum: Investing - Theory, News & General
Topic: US debt moving forward
Replies: 9
Views: 903

Re: US debt moving forward

Don’t read Zero Hedge for anything but entertainment.
by drk
Mon Jul 29, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One data breach
Replies: 56
Views: 5106

Re: Capital One data breach

Grt2bOutdoors wrote:
Mon Jul 29, 2019 9:00 pm
if the Federal government can prevent it, why can't these other companies?
I suppose you're unaware of the 2015 OPM breach.
by drk
Mon Jul 29, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One data breach
Replies: 56
Views: 5106

Re: Capital One data breach

It's a pretty tenuous connection. The article notes that the accused worked at AWS from 2015 to 2016.
by drk
Sun Jul 28, 2019 11:15 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 9143

Re: Fidelity Expands Their Index Fund Lineup

How do I find/calculate what the "State" taxes would be on money invested in 'FMBIX - Fidelity® Municipal Bond Index Fund' (held in a Taxable account)? Or, does it not apply at all since Washington State has no State Income Tax? Correct. Washington State residents have no state tax considerations. ...
by drk
Sun Jul 28, 2019 9:29 pm
Forum: Personal Investments
Topic: Total Stock Market Index vs. S&P Index with small cap
Replies: 7
Views: 883

Re: Total Stock Market Index vs. S&P Index with small cap

55% international? You should reread the OP because you misunderstood. Even better, though, would be to only comment if you have an informative reply. OP, your mix is a little overweight small caps, which is fine if that's what you intended. To approximate TSM, you'd want S&P 500 to small cap at a ...
by drk
Sun Jul 28, 2019 5:25 pm
Forum: Forum Issues and Administration
Topic: Why is the forum blue?
Replies: 15
Views: 2683

Re: Why is the forum blue?

If you dislike the style, you can always download a browser extension to customize styles to your own liking, or you can load your own stylesheet if you have CSS chops.
by drk
Sun Jul 28, 2019 12:29 pm
Forum: Personal Investments
Topic: User hostility when transferring brokerage accounts
Replies: 36
Views: 3727

Re: User hostility when transferring brokerage accounts

You may not be able to write a check for the full amount in your account, since the brokerage could first deduct the amount of the account closing fee. Moving cash does not generally have a fee, but closing an account (or reducing it to a zero balance) may. Schwab has a $0 account minimum. There is...
by drk
Sun Jul 28, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: I gotta get me some Bonds!
Replies: 9
Views: 1675

Re: I gotta get me some Bonds!

What options do you have available?

Consider updating this to be a Portfolio Review Request.
by drk
Sat Jul 27, 2019 7:17 pm
Forum: Personal Investments
Topic: High tax bracket = good reason for deviating from the lazy 3-fund portfolio?
Replies: 22
Views: 2665

Re: High tax bracket = good reason for deviating from the lazy 3-fund portfolio?

For every $100,000 of VTSAX that I held in all of 2018, it threw off around $1,500 of ordinary dividends. At my marginal tax rate of 32% , I figured that was costing me around $480 in taxes every year for each $100,000 of VTSAX I held (I realize these numbers aren't exact because the value of my VT...
by drk
Fri Jul 26, 2019 10:04 am
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 10117

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

H-Town wrote:
Wed Jul 24, 2019 12:40 pm
Maybe active management and/or sector investing will be relevant again?
Ah, but active management is how we ended up with such highly valued market leaders.
by drk
Fri Jul 26, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3473

Re: First Home Purchase - Disagreement on Appraisal Contingency

"We made an offer on a house at list price very soon after it went on market and it was accepted quickly." Sounds to me like it was at least somewhat a competitive market. That sentence implies nothing at all about the competitiveness of the market. Actually, in a seller's market, a list price offe...
by drk
Fri Jul 26, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3473

Re: First Home Purchase - Disagreement on Appraisal Contingency

UALflyer wrote:
Thu Jul 25, 2019 10:05 pm
This exchange is Exhibit 1
You appear to be reading way more into my posts than is really there, so please stop quoting me.
by drk
Thu Jul 25, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3473

Re: First Home Purchase - Disagreement on Appraisal Contingency

It isn't in the standard contract in the big city I live in. I checked and it isn't in the standard contract in the 3 biggest cities in the US. It isn't in the contract where the buyer is (attorney wants to add it). Where is it standard? Ah, semantics. Here in Seattle, it’s part of NWMLS Form 22A, ...
by drk
Thu Jul 25, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3473

Re: First Home Purchase - Disagreement on Appraisal Contingency

michaeljc70 wrote:
Thu Jul 25, 2019 6:21 pm
The BUYER is asking for the appraisal contingency which is not standard.

An appraisal contingency is typically moot because you have the mortgage contingency.
That it’s typically moot does not mean that it’s non-standard. Appraisal is a completely normal contingency.
by drk
Thu Jul 25, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3473

Re: First Home Purchase - Disagreement on Appraisal Contingency

rascott wrote:
Thu Jul 25, 2019 9:31 am
"We made an offer on a house at list price very soon after it went on market and it was accepted quickly."

Sounds to me like it was at least somewhat a competitive market.
That sentence implies nothing at all about the competitiveness of the market.
by drk
Thu Jul 25, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3473

Re: First Home Purchase - Disagreement on Appraisal Contingency

This seller is being unreasonable. It’s such an asinine demand that they likely just want to use it as leverage to get something else out of you.
by drk
Wed Jul 24, 2019 10:20 am
Forum: Personal Investments
Topic: retiring at 45 with minimal expenses
Replies: 20
Views: 2805

Re: retiring at 45 with minimal expenses

Do you plan to stay in the Philippines after retirement? Do you have a paid-off home? When you say that you expect to have $400k “personally invested”, does that mean outside of your TSP or across all accounts? It’s hard to offer advice without details. Consider filling out the Portfolio Review Requ...
by drk
Tue Jul 23, 2019 9:47 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 10117

Re: Too much tech in total stock market?

Hmmm... I wonder why 1999 was chosen as the starting date? Round number (20 years)? Perhaps not! :twisted: Portfolio Visualizer puts this information right up front: The time period was constrained by the available data for Consumer Staples Select Sector SPDR ETF (XLP) [Jan 1999 - Jun 2019].
by drk
Tue Jul 23, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house - bay area
Replies: 102
Views: 6092

Re: Buying a house - bay area

Admiral wrote:
Tue Jul 23, 2019 9:59 am
I still say take the pay cut and relocate. Don't many of the big tech cos have other locations where COL is less?
Yes, and depending on the company there might not even be a pay cut. However, OP presumably has reasons for wanting to stay in the area.
by drk
Mon Jul 22, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: Lightweight, durable, laptop bag
Replies: 29
Views: 1377

Re: Lightweight, durable, laptop bag

I have a Timbuk2 messenger laptop bag that I've had for about 7 years. Still looks great. It's really small when I only have my laptop in it, but the main pocket still has a decent amount of room to expand if I need to put other stuff in there. It would technically fit in another bag, but it's not ...
by drk
Sun Jul 21, 2019 11:49 pm
Forum: Spain
Topic: Retirement - Spain or Portugal?
Replies: 35
Views: 4487

Re: Retirement - Spain or Portugal?

But Madrid does get snow every now and then, and I stand by the hot summers/cold winters claim. And, to the point, that there so many locations in Spain with much better year-round weather. Not to beat a dead horse, but you're looking for Seattle. Madrid is a little bit warmer and quite a bit sunni...
by drk
Sun Jul 21, 2019 8:33 pm
Forum: Personal Investments
Topic: specific investments when market crashes
Replies: 38
Views: 4040

Re: specific investments when market crashes

gram wrote:
Sun Jul 21, 2019 7:31 pm
Make reasonable assumptions including long term play.
What does this mean? If I assume that it means "long-term investment," then it seems incongruous with your post's focus on short-term movements.
by drk
Sun Jul 21, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: Tree guy is no-show; payment was "deposit"
Replies: 47
Views: 5775

Re: Tree guy is no-show; payment was "deposit"

My initial advice was to talk to the tree guy about how to keep things out of small claims court, but after my friend read me the paperwork that he signed, I'm not so sure. Instead of talking about the $500 as being a payment, it is termed a "deposit." If the customer cancels the work, the tree ser...
by drk
Sun Jul 21, 2019 2:17 pm
Forum: Personal Investments
Topic: Wealthfront cash account 2.57% APY
Replies: 11
Views: 1143

Re: Wealthfront cash account 2.57% APY

In one of the many other threads about this account, indexfundfan shared a blog post from the CEO about the offered rate: With the big online banks (Ally, Marcus, Purepoint) dropping rates, I suspect many of these smaller banks will do the same except under limited circumstances. Whereas Wealthfront...
by drk
Sat Jul 20, 2019 12:04 pm
Forum: Non-US Investing
Topic: Yahoo Finance Stock Screeners for Value Investing
Replies: 6
Views: 508

Re: Yahoo Finance Stock Screeners for Value Investing

Nowadays, the intelligent defensive investor uses one of the many excellent and inexpensive value index funds to eliminate this step. You might be particularly interested in Schwab's Fundamental Index series because it weights companies based on these criteria rather than on market cap.
by drk
Sat Jul 20, 2019 11:53 am
Forum: Personal Investments
Topic: What percentage of Vanguard
Replies: 27
Views: 1886

Re: What percentage of Vanguard

If you like Vanguard best, there's no harm in consolidating there. Fidelity is also a completely reasonable choice, though. Assuming that EJ is Edward Jones, I would make it a point to move that one to either Vanguard or Fidelity.