Search found 557 matches

by AlphaLess
Sat Sep 22, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 28
Views: 4572

Re: Im going to die somewhere between Bankruptcy and $20 million

bb wrote:
Thu Sep 20, 2018 8:42 pm
But if that happens how exactly do you think you could protect yourself?
Get a ranch somewhere in the midwest.
Buy lots of ammo, canned food, and fuel to run own generator.
by AlphaLess
Sat Sep 22, 2018 12:04 am
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 36
Views: 5554

Re: Are We Headed For A Passive Index Meltdown?

Major market meltdowns are pretty common. I hope to live long enough to see several severe drops. Will the drops be CAUSED by indexing? Of course not. Indexers accept what the prices are. The prices are set by the active management side. The active managers are losing investors as more and more inv...
by AlphaLess
Sat Sep 22, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 36
Views: 5554

Re: Are We Headed For A Passive Index Meltdown?

destiny wrote:
Thu Sep 20, 2018 8:06 am
Sharing the article I read in Forbes last night

https://www.forbes.com/sites/greatspecu ... 049802413e
I agree. Passive indices are going to melt down the active management scam.
It's already happening.
by AlphaLess
Fri Sep 21, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: CIT vs. ALLY vs. 360
Replies: 12
Views: 1159

Re: CIT vs. ALLY vs. 360

I got a mailing from CapitolOne today offering $500 bonus if deposit $50,000 or more. I have a synchrony high yield savings and I am wondering if worth moving the money. CapitolOne says paying 1.85%, which is the same as Synchrony. By the way, they are paying 2.65% for 13 month CD. I haven’t dealt ...
by AlphaLess
Fri Sep 21, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 61
Views: 4446

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Klang Fool assumes everybody's future tax rate will be / should be zero. I love that line of thought. I think my tax rate SHOULD be zero at all times: past, present, and the future! Well to be fair he is also assuming that you will be unemployed after 40 so a zero tax rate isn't that much of a stre...
by AlphaLess
Fri Sep 21, 2018 11:46 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 50
Views: 4188

Re: State Farm nickel-and-diming me

Other people have had loved ones die in car crashes , your relative should look at the big picture. That is what we call hearsay, your honor. No, it is not heresay, it is a provable fact that folks have had loved ones die in car crashes, me included— although perhaps less relevant to getting repair...
by AlphaLess
Fri Sep 21, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Global Warming And Reinsurance
Replies: 50
Views: 2129

Re: Larry Swedroe: Global Warming And Reinsurance

Perhaps surprising to some, there has been no increase in the frequency of land falling hurricanes over the last 167 years. I think there might be more buildings today on the coast than there were 167 years ago, however. And the hanging around and dumping 40 inches of rain seems new. Yup! Especiall...
by AlphaLess
Thu Sep 20, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card spending $20000
Replies: 10
Views: 1688

Re: Credit card spending $20000

I recommend finding the cards with the best sign-up bonuses. The Points Guy has a miles and points valuation (that are a bit high), but still good start. For $20K spend, I would open 4-5 cards, spread over two people, and get the bonuses on all of them. Obligatory caveats about temporarily knocking ...
by AlphaLess
Thu Sep 20, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 273
Views: 25509

Re: U.S. stocks continue to soar!

Well yes, 1982 through 2012 was a bull market in bonds that was huge. As I recall, long treasuries actually had a slightly better performance than the stock market itself over that time period. There was also a tremendous bull market in stocks from 1984-1999. That is one heck of a wind at the back ...
by AlphaLess
Thu Sep 20, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 50
Views: 4188

Re: State Farm nickel-and-diming me

barnaclebob wrote:
Wed Sep 19, 2018 10:04 am
Other people ...
That is what we call hearsay, your honor.
by AlphaLess
Thu Sep 20, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 61
Views: 4446

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

JBTX wrote:
Wed Sep 19, 2018 9:00 pm
Klang Fool assumes everybody's future tax rate will be / should be zero.
I love that line of thought.

I think my tax rate SHOULD be zero at all times: past, present, and the future!
by AlphaLess
Tue Sep 18, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4580

Re: Elderly parents are in debt - Need advice

Regattamom wrote:
Tue Sep 18, 2018 7:58 pm
Just two full siblings who don't like to think or talk about our parents financial predicament. I think I could get my dad to change the beneficiary to one us if he thinks it could help my mother, though.
How would that look in bankruptcy court?
by AlphaLess
Tue Sep 18, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 50
Views: 4188

Re: State Farm nickel-and-diming me

A relative going straight on a county road got hit by incoming car who took a left turn when it was not their right of way. Relative could have died: it was that bad. Opposing insurance started paying for some medical bills, but over time, stopped paying for additional tests. Relatives health insura...
by AlphaLess
Mon Sep 17, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7431

Re: Delaying Social Security Until 70

If you are single the calculations are simple :all that matters is how long you willlive My father died at 55 my mom at 75.I understood I would have to live till 78 to come out ahead if I waited till 70 so I didn't take it at 62 but took it when I retired. ifI am wrong won't go broke and taking it ...
by AlphaLess
Sun Sep 16, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33493

Re: Vanguard opens special offices for $1 million clients

I would love to see Vanguard enter banking as was the rumor, articles, and surveys a few years ago. The bank could be very very conservative if they were to offer lending. Perhaps a banking division could offer investment support if needed. What is the advantage of Vanguard offering banking. IT wou...
by AlphaLess
Sun Sep 16, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5057

Re: 38% pay cut for dream job?

I think you’re confusing the State Dept with the CIA. I think you are confusing covert operations with overt operations. So every FSO posted abroad is actually spying for the government? Maybe you’ve read one too many Le Carré novels. Spying is part of it: - facilitate contacts with foreign governm...
by AlphaLess
Sun Sep 16, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33493

Re: Vanguard opens special offices for $1 million clients

Flagship Customers Only ... Interesting that only 60,000 out of 25 million Vanguard clients are Flagship. Interesting stat. Does anyone know if this number of Flagship clients was accurate (or remains so)? I would not call $1MM upscale. In the wealth management industry, $10MM+ used to be the new n...
by AlphaLess
Sun Sep 16, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33493

Re: Vanguard opens special offices for $1 million clients

Same poor customer service I'm not picking on Mr. Trap. Frankly, I'd like to thank him for bringing up a theme that is making the rounds. A theme I find to be interesting. Now, what level of service does this forum believe is appropriate for a mutual fund company to provide to it's customers? And, ...
by AlphaLess
Sun Sep 16, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14034

Re: What’s the magic savings rate???

watchnerd wrote:
Sun Sep 16, 2018 1:16 pm
It's usually the big ticket items -- buying too much house, buying pricey cars, big student loans -- that really move the wealth accumulation needle the wrong direction.
Finally we agree on something.
I call that progress :)
by AlphaLess
Sun Sep 16, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5112

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

As an additional analysis, I recommend using this page: https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults I recommend creating 3 portfolios: P1. 30% VMLUX, 40% VWIUX, 30% VWLUX, P2: 100% VWIUX, P3: 35% VMLUX, 65% VWLUX. Start date: 1.1.2008, End date: 08.31.2018. No withdrawals ...
by AlphaLess
Sun Sep 16, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5112

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

8% Bonds Short Term - VMLUX Limited Tax Exempt (Short term Muni) 6% - VBISX Short Term Bond Index 2% 18% Bonds Intermediate Term - VBILX Intermediate Term Bond Index (Invest grade 5-10 yrs) 10% - VWIUX Intermediate Term Tax Exempt (Fed Tax Ex) 8% 7% Long Term Bonds - VWLUX Long Term Tax Exempt (mun...
by AlphaLess
Sun Sep 16, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5112

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

That looks bat s crazy to me. What is Vanguard up to? Seen lots of weird portfolios. Total bond in tax protected. Munis if needed in taxable. With 60% stocks unlikely to need tips. Upvote! Munis vs regular bond discussion is highly sensitive to: - marginal tax bracket, - availability of 401K / pre-...
by AlphaLess
Sun Sep 16, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14034

Re: What’s the magic savings rate???

It's all relative. It those expenses add up to <5% of their income, I wouldn't get all preachy about it. Everything in moderation...including deferred enjoyment. We are entitled to have some fun along the way before we shuffle off this mortal coil, or get too frail to enjoy what life offers. But th...
by AlphaLess
Sun Sep 16, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14034

Re: What’s the magic savings rate???

I worked with a group once that had a habit of morning and afternoon trips to Starbucks, at maybe $4 each trip, and a $10 lunch out. $18 a day times 20 working days a month is $360 a month. And that's not including the cable, iphone, hulu, netflix, fastest internet available, etc., or whatever the ...
by AlphaLess
Sun Sep 16, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1501

Re: delaying claiming SS from age 64 to 70 while not working

Hi all, I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70. I have tried the SSA online benefits calculator, but still don't know something. My question is, will the 8% ...
by AlphaLess
Sun Sep 16, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1501

Re: delaying claiming SS from age 64 to 70 while not working

ByThePond wrote:
Sun Sep 16, 2018 11:45 am
I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70.
Get a https://www.ssa.gov/myaccount/ account, and find out EXACT numbers.
No need to calculate yourself.
by AlphaLess
Sun Sep 16, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1501

Re: delaying claiming SS from age 64 to 70 while not working

Hi all, I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70. I have tried the SSA online benefits calculator, but still don't know something. My question is, will the 8% ...
by AlphaLess
Sun Sep 16, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1501

Re: delaying claiming SS from age 64 to 70 while not working

I think we need more precise terminology:
- stop working,
- claiming social security.

Those two are completely orthogonal (although inter-related).

Too many people think that retirement means:
- stop working,
- immediately claim ss.
by AlphaLess
Sun Sep 16, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14034

Re: What’s the magic savings rate???

That's over $208/month. That's a ridiculously high amount to assume a family is spending on "cable TV and a few lattes." I worked with a group once that had a habit of morning and afternoon trips to Starbucks, at maybe $4 each trip, and a $10 lunch out. $18 a day times 20 working days a month is $3...
by AlphaLess
Sat Sep 15, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 50
Views: 5186

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?
I heard they are offering $10K for volunteers to get off the plane these days.
by AlphaLess
Sat Sep 15, 2018 11:13 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14034

Re: What’s the magic savings rate???

That's over $208/month. That's a ridiculously high amount to assume a family is spending on "cable TV and a few lattes." I worked with a group once that had a habit of morning and afternoon trips to Starbucks, at maybe $4 each trip, and a $10 lunch out. $18 a day times 20 working days a month is $3...
by AlphaLess
Sat Sep 15, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7431

Re: Delaying Social Security Until 70

drawpoker wrote:
Sat Sep 15, 2018 9:54 pm
What was the wife's age?
4.5 years younger than husband.
by AlphaLess
Sat Sep 15, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7431

Re: Delaying Social Security Until 70

Social security plays dirty. An elderly couple in my extended family. Husband filed at 66 (good or bad, he did). I told him that his wife qualified for half of his PIA by filing restricted. He did not believe me. So he called SSA. They gave some dumb answer. I asked him to go to the local office. Th...
by AlphaLess
Sat Sep 15, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7431

Re: Delaying Social Security Until 70

If you are single the calculations are simple :all that matters is how long you willlive My father died at 55 my mom at 75.I understood I would have to live till 78 to come out ahead if I waited till 70 so I didn't take it at 62 but took it when I retired. ifI am wrong won't go broke and taking it ...
by AlphaLess
Sat Sep 15, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7431

Re: Delaying Social Security Until 70

For married couples, the math can work differently. In our case, my PIA is about 4 times my spouse’s PIA. The optimal strategy is for my spouse to file as early as possible and me to delay to age 70. Upvote! And, depending on your age, when your spouse files, you may be able to file restricted-only...
by AlphaLess
Sat Sep 15, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5057

Re: 38% pay cut for dream job?

Have you considered that part of your job will include espionage, and entail risks? I think you’re confusing the State Dept with the CIA. I think you are confusing covert operations with overt operations. So every FSO posted abroad is actually spying for the government? Maybe you’ve read one too ma...
by AlphaLess
Sat Sep 15, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5057

Re: 38% pay cut for dream job?

HEDGEFUNDIE wrote:
Sat Sep 15, 2018 9:10 pm
AlphaLess wrote:
Sat Sep 15, 2018 9:08 pm
Have you considered that part of your job will include espionage, and entail risks?
I think you’re confusing the State Dept with the CIA.
I think you are confusing covert operations with overt operations.
by AlphaLess
Sat Sep 15, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5057

Re: 38% pay cut for dream job?

Have you considered that part of your job will include espionage, and entail risks?
by AlphaLess
Sat Sep 15, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3865

Re: The Boglehead is anti-entrepreneur?

What is the expression? "To each his own". BHs are all about minimizing risk. Successful entrepreneurs usually take risks that in hindsight were not good risks to take, and ex post fact, are lucky. Of course, they are also successful, but there is an element of success, which makes you well off, and...
by AlphaLess
Sat Sep 15, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 45
Views: 6310

Re: CD rates--what to do?

A related question--I have a 5-year CD purchased 2 years ago at 1.85% interest. The early withdrawal penalty is 150 days interest. It makes sense to pull the money out and pay the penalty in order to get another CD at 2.8% interest--right? I'm I missing something here with my math? Just wanted to m...
by AlphaLess
Sat Sep 15, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Help w/ large annual bonus
Replies: 16
Views: 1869

Re: Help w/ large annual bonus

If the bonus is annual, pretty much expected every year (but not guaranteed), and you plan to work for another 10+ years, then why not invest in one shot?

If you DCA, try to front load a lot.
by AlphaLess
Sat Sep 15, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4903

Re: Ray Dalio’s latest fearmongering round

linenfort wrote:
Sat Sep 15, 2018 2:41 pm
AlphaLess wrote:
Sat Sep 15, 2018 2:13 pm
Another alpha-less,
Hmm. :wink:
Yes, my userid is an ode to the species.
by AlphaLess
Sat Sep 15, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4903

Re: Ray Dalio’s latest fearmongering round

Another alpha-less, fear-mongering, snake oil salesperson trying to remain relevant.
by AlphaLess
Sat Sep 15, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 45
Views: 6310

Re: CD rates--what to do?

Tax bracket around 28%. There is no 28% tax bracket, but what matters is your marginal tax rate, not your tax bracket. For example, my "tax bracket" is 12%, but my marginal tax rate is 27% due to a marginal dollar pushing qualified dividends from being taxed at 0% to being taxed at 15%. Also import...
by AlphaLess
Sat Sep 15, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 45
Views: 6310

Re: CD rates--what to do?

I think a CD ladder is the best approach to CDs just about anytime. I also like i-Bonds. The CD ladder is for those needing liquidity at any one point, I think the idea is to invest in such a way that you eventually get to invest into 5 year CDs out of which 1/5th come due in any given year? If you...
by AlphaLess
Sat Sep 15, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4886

Re: Shorts in Egypt

I highly recommend against it. And not just culturally: in addition to being hot, the sun will be strong. Look into lightweight, quick dry, high spf pants, instead. I get mine at Costco for a fraction of the price of the well known sorting brands like Columbia. They can often feel even cooler than ...
by AlphaLess
Sat Sep 15, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1366

Re: A Great Reason to Consider Vanguard's Brokerage Services

anakinskywalker wrote:
Sat Sep 15, 2018 1:17 am

AFAIK you don't need SIPC coverage if you hold your assets directly with Vanguard in a mutual funds only account. So holding it through a brokerage and getting SIPC coverage doesn't add any value over the former.
Why is that?
Also: are you the anakinskywalker from the fatwallet forums?
by AlphaLess
Sat Sep 15, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question - Market Timing
Replies: 43
Views: 2363

Re: Hypothetical Question - Market Timing

In my opinion, the market will go down when the majority of uninformed investors become super bullish and completely irrational. To me, that has not happened yet. As for CAPE-10 valuations, I think CAPE valuations are somewhat misrepresented currently. Today's CAPE has 2 years of earnings that were ...
by AlphaLess
Sat Sep 15, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question - Market Timing
Replies: 43
Views: 2363

Re: Hypothetical Question - Market Timing

Hypothetically speaking, your example is correct. However, in reality, any of the following will happen: - S&P will rally to 4000 before crashing, - when it crashes, it will crash 30%, not 50%, - the low reached will be, say 2800, and now 1500, - you won't be able to exactly time the bottom: either ...