Search found 181 matches

by Mountain Doc
Sun Aug 02, 2020 10:59 am
Forum: Personal Investments
Topic: Roth 457b vs regular 457? and other questions!
Replies: 23
Views: 1163

Re: Roth 457b vs regular 457? and other questions!

I'm pretty sure contributions to a Roth 457b that are subsequently rolled into a Roth IRA are not immediately available for withdrawal without tax or penalty in the same way direct contributions to a Roth IRA are. Instead, you'll have to wait 5 years for the rollover amount to become available. I d...
by Mountain Doc
Sun Aug 02, 2020 8:50 am
Forum: Personal Investments
Topic: Roth 457b vs regular 457? and other questions!
Replies: 23
Views: 1163

Re: Roth 457b vs regular 457? and other questions!

With a Roth 457 plan, the equation gets complex. Withdrawals from the Roth-457 plan are treated as proportional withdrawals from the contributions and earnings, if withdrawn prior to age 59.5 . You are then expected to pay taxes on the 'gains' portion of the withdrawal. It requires you to keep meti...
by Mountain Doc
Mon Jul 20, 2020 10:38 pm
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 164
Views: 8411

Re: Holding Gold as "Doomsday Fund"

I don't have a problem with people owning some gold, but this is a huge overstatement of gold's inflation-adjusted price stability. How long did it take a gold buyer in 1980 to break even with inflation? If you bought gold in 1980 you were an idiot (or in 2010-2011). Easy to say in retrospect. Are ...
by Mountain Doc
Mon Jul 20, 2020 8:33 pm
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 164
Views: 8411

Re: Holding Gold as "Doomsday Fund"

I don't have a problem with people owning some gold, but this is a huge overstatement of gold's inflation-adjusted price stability. How long did it take a gold buyer in 1980 to break even with inflation? If you bought gold in 1980 you were an idiot (or in 2010-2011). Easy to say in retrospect. Are ...
by Mountain Doc
Mon Jul 20, 2020 11:10 am
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 164
Views: 8411

Re: Holding Gold as "Doomsday Fund"

--it's definitely a hedge against inflation so you won't lose money. what does that mean? if a $2000 1oz gold coin pays your rent for a month in today's dollars, you can be guaranteed that that 1oz gold coin will pay your rent for a month in the future I don't have a problem with people owning some...
by Mountain Doc
Sat Jul 18, 2020 10:35 pm
Forum: Personal Investments
Topic: Why Buy TIPS Bonds Now?
Replies: 19
Views: 1493

Re: Why Buy TIPS Bonds Now?

I didn't know that, but the current negative yield puts an even stronger imperative on the question: Why buy TIPS now? Is there no safe investment that will keep up with inflation over the next ten years without the -0.82% drag? Where would you put your money if that were your goal: no need for gro...
by Mountain Doc
Wed Jul 15, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5802

Re: Liability for Golf Ball Through Windshield

vested1 wrote:
Wed Jul 15, 2020 12:52 pm
Mountain Doc wrote:
Wed Jul 15, 2020 12:36 pm


I have no comment on your golf game, except to say it sounds on par bogey with mine.
There, fixed that.
+1

:wink:
by Mountain Doc
Wed Jul 15, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for Golf Ball Through Windshield
Replies: 93
Views: 5802

Re: Liability for Golf Ball Through Windshield

Regardless of where legal liability lands, it sounds like you did the right thing. The world would be a better place if everyone acted with that kind of integrity.

I have no comment on your golf game, except to say it sounds on par with mine.
by Mountain Doc
Sun Jul 12, 2020 6:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 569
Views: 116725

Re: Vanguard's Wellesley Income fund is incredible

You may find that quantity of data to be convincing one way or the other. But others would find such an analysis more convincing, notwithstanding the points you bring up, if the additional 20+ years of data we have were included. I have two words for such people: confirmation bias. Seriously, takin...
by Mountain Doc
Fri Jul 03, 2020 10:29 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 150
Views: 13323

Re: Tesla becomes most valuable car company in the world

whodidntante wrote:
Fri Jul 03, 2020 10:18 pm
Does anyone else miss Dan Mahowny? We need an update on the Owning Mahowny portfolio.
Agreed. Sadly, people tend to disappear from the forum when their not-so-boglehead portfolios blow up.
by Mountain Doc
Fri Jul 03, 2020 8:08 am
Forum: Investing - Theory, News & General
Topic: Expense ratio
Replies: 32
Views: 2099

Re: Expense ratio

I would agree that the vast majority of managed funds do not outperform the market, but there are exceptions. I think PRWCX is one of the exceptions. Obviously some actively managed mutual funds will outperform in the future. There is no evidence that it’s possible to reliably determine in advance ...
by Mountain Doc
Thu Jun 25, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: Finding Middle Ground on the LMP
Replies: 95
Views: 4909

Re: Finding Middle Ground on the LMP

This is basically what I plan to do. I expect SS to meet all of my basic spending needs, and I'll likely use a TIPS ladder to bridge the gap between retirement and drawing SS at 70. The rest of the portfolio will likely go into a balanced fund (something like a LifeStrategy fund) and will fund discr...
by Mountain Doc
Wed Jun 17, 2020 10:27 pm
Forum: Personal Investments
Topic: Larry beats the S&P 500.
Replies: 126
Views: 11170

Re: Larry beats the S&P 500.

Did he out perform for "27 years"? See portfolio visualizer . Looks like he bet heavy on tech and rode that the last decade, otherwise pretty neck-and-neck for the prior 15 years. My thoughts exactly. This is a good example of why looking at returns this way (3 year, 5 year, 10 year, etc) creates a...
by Mountain Doc
Mon Jun 08, 2020 12:44 pm
Forum: Personal Investments
Topic: Portfolio Questions - Add 457(b)?
Replies: 25
Views: 637

Re: Portfolio Questions - Add 457(b)?

My governmental 457(b) is my highest priority account. The absence of an early withdrawal penalty is outstanding - not only for the option of early retirement, but also as a tax-advantaged emergency fund after you leave that employer.
by Mountain Doc
Mon May 25, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: Taxable Account - a Swiss Army Knife for Savers
Replies: 42
Views: 5902

Re: Taxable Account - a Swiss Army Knife for Savers

As a retiree, my preferences of where I want my money to BE is as follows: BEST: Roth IRA BETTER: Taxable account (not so) GOOD: Traditional IRA Everything in a ROTH is mine , tax free. I only pay taxes on gains in a taxable account. I pay max tax on everything taken out of a traditional IRA. These...
by Mountain Doc
Mon May 25, 2020 11:17 am
Forum: Personal Investments
Topic: TIPS vs High Yield Savings
Replies: 4
Views: 675

Re: TIPS vs High Yield Savings

TIPS still have interest rate risk - if sold before maturity, they may lose value. If you want inflation protection without interest rate risk, I Bonds are a better choice.
by Mountain Doc
Sun May 17, 2020 9:55 am
Forum: Investing - Theory, News & General
Topic: Meaning of net inflows/outflows out of bonds and equities
Replies: 11
Views: 672

Re: Meaning of net inflows/outflows out of bonds and equities

I think articles like this typically refer to net inflows and outflows specifically in mutual funds and/or ETFs. When a stock or bond is traded, one person is exiting at the sale price and one person is entering. That doesn't really constitute a net inflow or outflow in my mind, just an exchange. H...
by Mountain Doc
Sat May 16, 2020 10:19 pm
Forum: Investing - Theory, News & General
Topic: Meaning of net inflows/outflows out of bonds and equities
Replies: 11
Views: 672

Re: Meaning of net inflows/outflows out of bonds and equities

I think articles like this typically refer to net inflows and outflows specifically in mutual funds and/or ETFs. When a stock or bond is traded, one person is exiting at the sale price and one person is entering. That doesn't really constitute a net inflow or outflow in my mind, just an exchange. Ho...
by Mountain Doc
Sun May 10, 2020 8:50 pm
Forum: Personal Consumer Issues
Topic: Simplest Coffee Cold Brew Systems
Replies: 16
Views: 1006

Re: Simplest Coffee Cold Brew Systems

I just mix grounds and water in a large jar and put it in the refrigerator for 16-24 hours. Then I pour it through a standard coffee filter into a carafe. Easy.
by Mountain Doc
Thu May 07, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 114
Views: 14240

Re: Capital One 360 Savings Promo

Before you set up this account get your money organized. The Cap 1 money eligible for the bonus must arrive in the account within 10 days of opening. You can only set up 1 external bank account at a time, and each one will take several days to get the test deposits and verify. In other words, you s...
by Mountain Doc
Thu May 07, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 114
Views: 14240

Re: Capital One 360 Savings Promo

Before you set up this account get your money organized. The Cap 1 money eligible for the bonus must arrive in the account within 10 days of opening. You can only set up 1 external bank account at a time, and each one will take several days to get the test deposits and verify. In other words, you s...
by Mountain Doc
Wed Apr 29, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12982

Re: What explains the continued rise in equities?

I am left with the sense that, as Ben Graham once said that the market is short term a voting machine by a small number of individuals who have agendas that are decoupled from the economy. For the majority of us who have a long term perspective, I find that very unfortunate. If you have a long term...
by Mountain Doc
Sat Apr 25, 2020 7:14 pm
Forum: Personal Investments
Topic: Should I abandon VFIUX in favor of VSIGX (Vanguard Intermediate-Term Treasury funds)?
Replies: 7
Views: 997

Re: Should I abandon VFIUX in favor of VSIGX (Vanguard Intermediate-Term Treasury funds)?

It's not going to make much difference either way, but I wouldn't pay for active management (VFIUX) when a cheaper indexed option (VSIGX) is available. If the position is in a tax-protected account (not tax ramifications), then personally I would switch.
by Mountain Doc
Thu Apr 23, 2020 8:14 pm
Forum: Personal Investments
Topic: Leaning towards EE Bond Purchase...
Replies: 36
Views: 2130

Re: Leaning towards EE Bond Purchase...

Do you plan to continue making EE bond purchases regularly? A single $7500 position in a unique product would feel like a really annoying straggler to me, especially for 20 years. I value simplicity way too much for that. If you have an established plan to begin regular EE purchases as a part of you...
by Mountain Doc
Wed Apr 22, 2020 12:18 pm
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 956

Re: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

I don't want uncompensated single-stock risk in my portfolio, so I would either 1) donate the shares in place of my regular charitable giving, or 2) sell the stock, be grateful for capital gains instead of capital losses, and reinvest the money in index funds.
by Mountain Doc
Wed Apr 15, 2020 7:35 pm
Forum: Investing - Theory, News & General
Topic: Did any Bogleheads blink?
Replies: 42
Views: 3989

Re: Did any Bogleheads blink?

I transitioned from a three-fund portfolio to a one-fund portfolio early this year, so I can blink all I want and not worry about missing rebalancing bands. I can Rip Van Winkle it and nothing is going to change :D The older I get (66 now) the more I like the one-fund portfolio, makes life simply. ...
by Mountain Doc
Wed Apr 15, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: Do I really need an Annuity? I have 40% Bonds
Replies: 43
Views: 2363

Re: Do I really need an Annuity? I have 40% Bonds

Generally speaking, the most efficient way to maximize retirement income and a desire to provide legacy wealth to heirs does involve annualizing part (maybe a large part) of the bond allocation at or near retirement, so on the face of it the proposed transaction could very well benefit both the age...
by Mountain Doc
Tue Apr 14, 2020 5:56 pm
Forum: Investing - Theory, News & General
Topic: Did any Bogleheads blink?
Replies: 42
Views: 3989

Re: Did any Bogleheads blink?

I transitioned from a three-fund portfolio to a one-fund portfolio early this year, so I can blink all I want and not worry about missing rebalancing bands. I can Rip Van Winkle it and nothing is going to change :D
by Mountain Doc
Fri Apr 10, 2020 9:14 am
Forum: Investing - Theory, News & General
Topic: Inflation/I Bonds
Replies: 7
Views: 700

Re: Inflation/I Bonds

There are massive deflationary forces in the economy right now. The Federal Reserve's actions are an inflationary force, but that does not mean the net result will be inflation. They could undershoot the economic tide and the net result could be deflation. Which force will prevail? I have no idea. M...
by Mountain Doc
Wed Apr 08, 2020 10:54 pm
Forum: Investing - Theory, News & General
Topic: One Fund for Accumulation - Portfolio Visualizer Says Wellington
Replies: 12
Views: 1336

Re: One Fund for Accumulation - Portfolio Visualizer Says Wellington

I think you are approaching this backwards. It would be better to first decide what asset allocation you want, and then find a balanced fund that is a close match. By the way, all of the funds you mention are balanced funds (funds that contain both stocks and bonds). When you talk about moving to a ...
by Mountain Doc
Wed Apr 08, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 341
Views: 53255

Re: The One-Fund Portfolio as a default suggestion

After managing a three-fund portfolio for 8 years, I transitioned to a one-fund portfolio early this year. That decision was part of an overall move toward simplicity and acceptance of good enough instead of trying to optimize the details. It has been really freeing to have a single balanced fund. K...
by Mountain Doc
Wed Apr 08, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 101
Views: 6967

Re: GEICO 15% credit for auto/motorcycle renewal

DSInvestor wrote:
Tue Apr 07, 2020 9:18 pm
The average auto policy has a semi-annual premium of about $1,000 and generally covers more than one vehicle.
I have two vehicles insured by GEICO and my semi-annual premium is $330, which includes their maximum liability limits. I'm amazed their average premium is 3 times that.
by Mountain Doc
Wed Apr 08, 2020 12:57 pm
Forum: Personal Investments
Topic: What do I do with cash??
Replies: 30
Views: 2491

Re: What do I do with cash??

Rates on cash/MM are always changing. What is optimal now likely won't be optimal in a few months. If you really want the best rates all the time, it will require constantly moving the money around. If you don't want to keep moving your money around, then you can choose something that is usually pre...
by Mountain Doc
Wed Apr 08, 2020 9:04 am
Forum: Personal Investments
Topic: 401k Loan Repayment
Replies: 4
Views: 237

Re: 401k Loan Repayment

Wanted to see if I was thinking about this correctly. I took a $10k 401k loan a few months back to pay off some emergency issues. The market tanked after I took the loan. I will now pay back the loan for $9.2k this week. I get to rebuy everything at a discount. Did I essentially do some unplanned m...
by Mountain Doc
Tue Apr 07, 2020 10:53 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinders
Replies: 69
Views: 3265

Re: Coffee Grinders

In case anyone can improve on those results (some are really old) here are some of my criteria ... Espresso not required except possibly as a tie breaker if it comes down to that. No manual hand-crank. No having to hold a button down while it grinds. (One highly rated grinder requires this.) I want...
by Mountain Doc
Mon Apr 06, 2020 12:34 am
Forum: Investing - Theory, News & General
Topic: Dow Futures Up Again?
Replies: 131
Views: 8248

Re: Dow Futures Up Again?

I am not sure...part of me wishes I had bought more when it was 35% down and now would like a 2nd opportunity to buy more at those levels....but then it could keep dropping another 50% after that (that's what I was initially afraid of and why I didn't buy more). I would like to see it touch its pre...
by Mountain Doc
Sun Apr 05, 2020 9:39 pm
Forum: Investing - Theory, News & General
Topic: Dow Futures Up Again?
Replies: 131
Views: 8248

Re: Dow Futures Up Again?

So you're hoping the stock market tanks? I am not sure...part of me wishes I had bought more when it was 35% down and now would like a 2nd opportunity to buy more at those levels....but then it could keep dropping another 50% after that (that's what I was initially afraid of and why I didn't buy mo...
by Mountain Doc
Sun Apr 05, 2020 9:26 pm
Forum: Investing - Theory, News & General
Topic: Dow Futures Up Again?
Replies: 131
Views: 8248

Re: Dow Futures Up Again?

So you're hoping the stock market tanks? I am not sure...part of me wishes I had bought more when it was 35% down and now would like a 2nd opportunity to buy more at those levels....but then it could keep dropping another 50% after that (that's what I was initially afraid of and why I didn't buy mo...
by Mountain Doc
Fri Apr 03, 2020 10:21 pm
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9729

Re: Why Do So Many Recommend 70% - 100% Stocks?

I'm certainly a believer in considering one's own risk tolerance when deciding on an asset allocation. However, this thread reminds me of something Phil Demuth said: “Even if risk tolerance existed and could be measured accurately, why would it be an important factor to consult when considering how ...
by Mountain Doc
Fri Apr 03, 2020 6:15 pm
Forum: Investing - Theory, News & General
Topic: Buying I-bonds now for EF but able to redeem within 1st year?
Replies: 10
Views: 873

Re: Buying I-bonds now for EF but able to redeem within 1st year?

This is interesting, I didn't know about this exception for early savings bond redemptions. However, are you sure Massachusetts is a major disaster area? I don't really know anything about this, but a cursory look at FEMA shows emergency declarations for all states related to Covid-19, but this seem...
by Mountain Doc
Mon Mar 30, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: Why is the market up today?
Replies: 25
Views: 2293

Re: Why is the market up today?

Meaty wrote:
Mon Mar 30, 2020 2:30 pm
Was all of this horrendous news really baked in?
Yes
by Mountain Doc
Wed Mar 25, 2020 2:38 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64324

Re: So bottom is probably behind us....right?

unemployment numbers haven't come out yet, remember the most recent jobs report added 275k jobs Quarterly earning haven't come out yet, the most recent earnings reports were positive. GDP number haven't come out yet, again the last GDP number we have are positive albeit low. No news of massive layo...
by Mountain Doc
Wed Mar 25, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64324

Re: So bottom is probably behind us....right?

unemployment numbers haven't come out yet, remember the most recent jobs report added 275k jobs Quarterly earning haven't come out yet, the most recent earnings reports were positive. GDP number haven't come out yet, again the last GDP number we have are positive albeit low. No news of massive layo...
by Mountain Doc
Wed Mar 25, 2020 1:23 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting in a Crazy Market
Replies: 9
Views: 506

Re: Tax Loss Harvesting in a Crazy Market

Is this in a Vanguard account? If so, you can do an exchange and both will execute today.
by Mountain Doc
Mon Mar 23, 2020 4:38 pm
Forum: Investing - Theory, News & General
Topic: Cramer on buying index funds during downturn
Replies: 56
Views: 5984

Re: Cramer on buying index funds during downturn

glock19 wrote:
Mon Mar 23, 2020 1:38 pm
CrossOverGuy wrote:
Mon Mar 23, 2020 11:50 am
Jim Cramer is the financial equivalent of the character of Bulldog on "Frasier"
All this time I thought Cramer reminded me of someone. You nailed it!
"This [market] stinks! It is total BS!"
by Mountain Doc
Sun Mar 22, 2020 1:16 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 358
Views: 34822

Re: It's Not Different This Time

... Stay the course. We don't know how deep this bear will go. We don't know when it will end. But we do know two things: # 1 It will end. # 2 Those who continue to follow their reasonable written plan will be glad they did so on the other side of it while those who panicked and sold low will regre...
by Mountain Doc
Sun Mar 22, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 358
Views: 34822

Re: It's Not Different This Time

... Stay the course. We don't know how deep this bear will go. We don't know when it will end. But we do know two things: # 1 It will end. # 2 Those who continue to follow their reasonable written plan will be glad they did so on the other side of it while those who panicked and sold low will regre...
by Mountain Doc
Sat Mar 21, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: If Stocks WILL Go Lower Than it is Now...
Replies: 133
Views: 11441

Re: If Stocks WILL Go Lower Than it is Now...

Novices investors tend to think the market is only reactive to the news (i.e. "since the news is bound to get worse, the market is bound to go lower"). This is simply not true. Buyers and sellers today are agreeing upon a fair price with the knowledge that unemployment is going to rise. For the mark...
by Mountain Doc
Fri Mar 20, 2020 4:50 pm
Forum: Investing - Theory, News & General
Topic: TIPS
Replies: 271
Views: 20504

Re: TIPS go Crazy!

Not really. Using an LMP/RP approach to portfolio construction is arguably the most boring, brainless approach out there. This is especially true when a person uses my strategy of LMP = 100% TIPS and RP = 100% US TMI. There's no excitement of catching falling knives and debating rebalance bands/thr...
by Mountain Doc
Thu Mar 19, 2020 7:54 pm
Forum: Personal Investments
Topic: Shortening Maturity of Treasuries Going Forward
Replies: 2
Views: 238

Re: Shortening Maturity of Treasuries Going Forward

My current allocation is 70/30 stocks to bonds. The bonds are all intermediate Treasuries. Since we are experiencing all-time low interest rates, I'm wondering if I shouldn't split the Treasuries 50/50 between short-term and intermediate-term. Or maybe even go all short-term. Any thoughts? Everyone...