Search found 3072 matches

by Dale_G
Thu Sep 20, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 26
Views: 1834

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

Most of my muni money is in VWLUX - the long term muni fund. And I doubt that I have an investment horizon anywhere near 30 years.

Dale
by Dale_G
Thu Sep 20, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 26
Views: 1834

Re: Buying VWIUX Today

You may as well buy VWITX investor class shares at your earliest convenience. The er for VWITX is .19%/yr and Admiral class VWIUX is .09%/yr. The sec yield is VWITX is 2.54%. Neglecting any changes in NAV, you should earn $43.96 (that is after expenses) in interest in the next two weeks. The er diff...
by Dale_G
Sat Sep 15, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 304
Views: 52364

Re: What is your luxury good?

On cruises, I always pony up for a balcony, but never a suite. For the last 30 years I have driven "luxury" cars (my company spoiled me during the first 13 years with Volvo's, Mercedes's and Cadillac's and I wasn't able to break the habit). At one time, I owned what was probably the nicest home in a...
by Dale_G
Sat Sep 15, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 853

Re: Withholding from RMD'S

Okay - in the future we can tell people 0% or 10%-99%. I never wanted to give the feds 100% anyway, but I have given them 75% :twisted:

Dale
by Dale_G
Fri Sep 14, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Ameriprise annuity
Replies: 8
Views: 596

Re: Help with Ameriprise annuity

John, the devil is always in the details. It is probably okay to keep the Rava annuity if you intend to annuitize for a period of 10 years (in order to delay SS - or for some other reason). But if you are not going to need the money, I would certainly do the 1035 exchange to Vanguard - without the r...
by Dale_G
Thu Sep 13, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 853

Re: Withholding from RMD'S

V will withhold for federal taxes and state taxes for some states. The money withheld goes to the appropriate government(s) and gets reported to you on your 1099-R. V has a rule that federal withholding must be at least 10% of the amount withdrawn. Beyond that, it can be any amount you wish. V will...
by Dale_G
Tue Sep 11, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Need to make major rebalance to bonds - help
Replies: 19
Views: 1993

Re: Need to make major rebalance to bonds - help

bironology wrote:
Tue Sep 11, 2018 1:58 pm
I suppose this is not a unique situation. A total bond market fund in a taxable account will generate taxable dividends, but c'est la vie I guess.
If your marginal federal tax rate is at or above 24%, consider using a municipal bond fund.

Dale
by Dale_G
Sun Sep 09, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations on taxable account
Replies: 11
Views: 1442

Re: Recommendations on taxable account

andronikus wrote:
Sun Sep 09, 2018 1:47 pm
there is almost 600k sitting in FDIC Money market accounts)
I plan on investing slowly, 1-2k per month.
600k invested at 2k per month takes 25 years. That is definitely a long range plan.

Try to work up to 10k/month.

Dale
by Dale_G
Wed Aug 29, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Financial Help for high earner with high student loans
Replies: 8
Views: 1183

Re: Personal Financial Help for high earner with high student loans

Ditto for paying down the loan. You presently have limited ability to save withing tax deferred accounts, but that could change in the future. I am very happy to have most of my money in taxable accounts. The modest tax drag is a small price to pay for the flexibility and liquidity.

Dale
by Dale_G
Fri Aug 24, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Start With PAS and Graduate to DIY
Replies: 16
Views: 827

Re: Start With PAS and Graduate to DIY

It sounds like a very good idea. Experience is a great teacher. You will find that PAS does almost nothing with your portfolio - and that is what you should learn to do when you take over. Two years might be better than one.

Dale
by Dale_G
Tue Aug 21, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Question
Replies: 12
Views: 907

Re: Simple Question

In other words SNIPER, you asked a simple question, but unintentionally didn't provide enough information to provide a definitive answer. That is okay, because you are just starting to figure out what counts in investing. Hang around for a while, and you will learn about what is important. I have a ...
by Dale_G
Tue Aug 21, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Realizing Loss in IRA
Replies: 8
Views: 956

Re: Realizing Loss in IRA

You are correct.

Dale
by Dale_G
Thu Aug 16, 2018 12:37 am
Forum: Investing - Theory, News & General
Topic: OK, maybe Vanguard's website IS a little old... "56K dial-up..."
Replies: 19
Views: 2344

Re: OK, maybe Vanguard's website IS a little old... "56K dial-up..."

Wow, 56K is fast. I still remember the days of using a 300 baud (300 bits/sec) acoustic modem to access a remote computer running Basic. Long distance rates for the phone line were probably 25 cents/minute. I don't remember the cost of the computer time, but it wasn't cheap. The good old days. Dale
by Dale_G
Tue Aug 14, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2565

Re: RMD's: take distributions vs selling

Sheepdog, if your balanced funds were at a provider such as Vanguard, you could have exchanged part of the balanced fund proportionately into an equity fund and a bond fund, and then sold the bond fund to satisfy your RMD. You would have sold bonds to satisfy the RMD, not depressed equities. It woul...
by Dale_G
Tue Aug 14, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Confused on bond choice "noise"
Replies: 3
Views: 559

Re: Confused on bond choice "noise"

Yes jimmieg, it is mostly noise. The bond market is very efficient in pricing bonds. Basically shorter term and lower risk bonds will have lower returns. Longer term and higher risk bonds will have greater returns. Total Bond is medium return and medium risk. There is no free lunch. You probably hav...
by Dale_G
Mon Aug 13, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Experian email alert! "Your score decreased"
Replies: 37
Views: 3487

Re: Experian email alert! "Your score decreased"

I don't think the op is fretting.
by Dale_G
Sun Aug 12, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 2104

Re: Vanguard updated 1099 in August!

So, I am on pins and needles - what was the name of the fund?

Dale
by Dale_G
Sat Aug 11, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 130
Views: 9623

Re: [New Vanguard website layout starting Saturday, August 11]

If they retain the Balances and Holding view I'll be happy - otherwise its like being forced to wear new ill-fitting shoes every week for the next year. :annoyed

Dale
by Dale_G
Sat Aug 11, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 130
Views: 9623

Re: [New Vanguard website layout starting Saturday, August 11]

I visited this morning and the view was "defaulted" to the new layout. It is terrible for printing and the info is clipped in some displays. I am definitely not excited by the csv download to Excel. Fortunately, the Balances and Holdings page is still looks right, otherwise my monthly printout will ...
by Dale_G
Thu Aug 09, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1210

Re: Illiquidiity scenarios for Mutual Funds/ETFs

jhfenton wrote:
Thu Aug 09, 2018 6:43 pm
You would not want to "convert" in that case, because Vanguard converts at NAV. You would want to buy the heavily-discounted ETF and sell the mutual fund.
Yes, of course. My arbitrage brain lobe was asleep.

Dale
by Dale_G
Thu Aug 09, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1210

Re: Illiquidiity scenarios for Mutual Funds/ETFs

Flash Crash aside, in the event that the EFT version of a Vanguard mutual fund trades at a significant discount to NAV, the mutual fund itself could buy the ETFs and sell the underlying securities from the mutual fund account. And I will be happy to convert my mutual fund shares to ETF shares if I c...
by Dale_G
Wed Aug 08, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1191

Re: Bond Holding

He hasn't suggested an alternative core bond holding for us. It seems that at this point he is assessing our willingness to follow his general advice about getting out of VBTLX - - assets he doesn't manage. It may be as obvious as an adviser trying to increase his AUM , but I curious about the valu...
by Dale_G
Tue Aug 07, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1897

Re: Help me understand a 'Life Income Plan' ?

fastrak, there are no free lunches, despite the glowing projections of an insurance salesman. If this policy was really the answer, there would be a long line outside his office. Instead, the insurance salesman probably spends most of his time trying to get someone to come to the office. If you need...
by Dale_G
Tue Aug 07, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 892

Re: Premium Financed Indexed Life Insurance Policies

There are exceptions, but generally umbrella insurance is sold in conjunction with auto/homeowners insurance. RLI is one company that sells umbrellas to folks who insure their property and autos at other companies. The cost for a 1 million dollar policy could be in the range of $200-$400. The cost f...
by Dale_G
Tue Aug 07, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21517

Re: "Don't Obsess About Expense Ratios"

I am glad that Fido has done the zero er thing. Competition is great - and more investors will get a better deal. But I ran the numbers for my own Total Stock Market in my taxable account. The capital gains are 68% of the holding. If I were to sell TSM at Vanguard and buy at Fido (and pay cap gain t...
by Dale_G
Sun Aug 05, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 892

Re: Premium Financed Indexed Life Insurance Policies

Andy, the first line of defense for asset protection is an adequate umbrella insurance policy. Check your state law for asset protection provided by annuities. An umbrella + term insurance + cheap variable annuities may suit your need much more effectively and far cheaper than this very expensive "l...
by Dale_G
Sun Aug 05, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 892

Re: Premium Financed Indexed Life Insurance Policies

Yeah, I have heard of these policies.

But question #1: Do you have any need for 10 million dollars of life insurance? Or are you just being dazzled by a slick insurance salesman?

Dale
by Dale_G
Fri Aug 03, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: First Home, quadplex???
Replies: 15
Views: 1507

Re: First Home, quadplex???

I never lived in a quadplex, but I owned several for 20 years decades ago - in a lower rent area at that. Take care with vetting tenants. I had very few problems with either tenants or vacancies. Sometimes, no calls for months on end. The fact that the OP intends to occupy a unit should reduce the h...
by Dale_G
Thu Aug 02, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: Respect the Magical Power of Mean Reversion
Replies: 20
Views: 2198

Re: Respect the Magical Power of Mean Reversion

I am still waiting for my railroad, canal and buggy whip companies to return to their former glory.

Dale
by Dale_G
Mon Jul 30, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6638

Re: Retirees: how much cash?

73% equities, 26.6% bonds, 0.4% cash. I have always kept a minimal amount in cash. Cash is not bad these days compared to bonds, but I won't be moving any money there. In the event of a need for loot, there is money available from muni funds (with negligible tax consequence) and I bonds. I just neve...
by Dale_G
Fri Jul 27, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 77
Views: 8817

Re: Vanguard Precious Metals and Mining Fund is changing

Well no worries about a capital gain distribution for a while. And it is unlikely that many investors have much of a capital gain in the fund.

Still, a very radical change. I owned the fund for a short time, probably 30 years ago. I'm glad I didn't "stay the course" :D

Dale
by Dale_G
Tue Jul 24, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: unrealized gains
Replies: 2
Views: 379

Re: unrealized gains

Too further put your mind at ease: the fund is unlikely to realize significant gains even if it is forced to sell stocks during a downturn when some panicked investors sell out. The fund will first sell the high cost shares purchased during the euphoria proceeding the down turn.

Dale
by Dale_G
Tue Jul 24, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2438

Re: How do you deal with a bear market?

Grt2bOutdoors wrote:
Tue Jul 24, 2018 4:49 pm
[I think you meant you got out in 1987 and back in 1992/1993.
I thought that is what I said. Actually I did get back into the equity market sooner, but I did not reach my 60% equity allocation until 1992/1993.

Dale
by Dale_G
Tue Jul 24, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2438

Re: How do you deal with a bear market?

I dabbled in the markets (without much money) in the 60's and 70's, so I don't even remember the bear markets of 1968 and 1973 (approximate dates). Since beginning to invest seriously in 1982, I have seen 3 bear markets > 20% declines and 10 corrections > 10% but < 20% declines. 1987 - the draw down...
by Dale_G
Sun Jul 22, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with tax-loss harvesting muni bonds
Replies: 9
Views: 805

Re: Help with tax-loss harvesting muni bonds

I plan on making this transaction on August 1 which will be 34 days since my last transaction with VWIUX
If you sell all shares there is no need to wait until August 1. There will be no possibility of a wash sale.

Dale
by Dale_G
Fri Jul 20, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: SSAFX a good Bond Fund? [State Street Aggregate Bond Index]
Replies: 5
Views: 365

Re: SSAFX a good Bond Fund?

This fund follows the same index as Vanguard's Total Bond fund. State Street is a very reputable company. Hopefully the expense ratio is in the order of 0.6% or less.

Dale
by Dale_G
Fri Jul 20, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: An unwanted Boat
Replies: 20
Views: 2553

Re: An unwanted Boat

Apply for a new title :oops:
by Dale_G
Tue Jul 17, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager
Replies: 10
Views: 1119

Re: Considering lump sum withdrawal from former employer's retirement fund, to have $ actively managed by pro $ manager

Okay, QGARP appears to be "Quality Growth at a Reasonable Price (QGARP) portfolio". This is likely not a fund, otherwise Morningstar would have known about it.

Dale
by Dale_G
Sun Jul 15, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing 85% of 401k contribution going to bonds
Replies: 21
Views: 2707

Re: Realizing 85% of 401k contribution going to bonds

Sometime in the distant future when you are subject to RMDs, you will be very glad that your equities were in taxable, Roth and HSA rather than in the 401k. The 401k is the right place to keep your bond allocation, so just grin and bear it.

My IRA is 100% bonds, ditto for #1 son.

Dale
by Dale_G
Fri Jul 13, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Know Your Investor Personality
Replies: 26
Views: 2836

Re: Larry Swedroe: Know Your Investor Personality

I guess we all have to give up and hire an FA. Does anyone know of a FA who doesn't have his/her own biases?

Dale
by Dale_G
Wed Jul 11, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 137
Views: 17332

Re: Vanguard - You'll need to sign up for security codes soon

According to my Vanguard rep required 2FA is being rolled out to 500,000 Vanguard clients now, but they expect to require all clients to use 2FA by the end of the year. It won't work well for son #2 stationed at a US military facility (a remote island east of Africa - south of India). There is no ce...
by Dale_G
Sun Jul 08, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets
Replies: 16
Views: 3657

Re: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets

I am now of a certain age where spending seems to involve some kind of work. We are finished with the travel thing after visiting 86 countries. House, car, furniture, clothes shopping is no fun. Fine dining requires a drive - and probably a collared shirt. Spending less requires no work at all. Afte...
by Dale_G
Tue Jul 03, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes for those drawing income
Replies: 9
Views: 978

Re: Taxes for those drawing income

My federal tax rate is lower in retirement than during my years as a working stiff. Nonetheless, my current taxes are greater than my gross Social Security benefit. I guess I could let SS withhold 100% of my net SS, but I prefer to pay the tax with -my year end RMD. I have done small Roth conversion...
by Dale_G
Tue Jul 03, 2018 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9495

Re: Affording a $1.8-2M house

I hate to mention the word "bubble", but both wages and housing cost are more than suspicious.

Dale
by Dale_G
Mon Jul 02, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 238
Views: 22429

1800 Commission-Free ETFs

[Thread merged into here, see below. --admin LadyGeek] From Vanguard: What you can look forward to In August, you’ll have access to almost all ETFs—from Vanguard and more than a hundred other companies—commission-free when you invest online. We’re excluding inverse and leveraged ETFs because their ...
by Dale_G
Wed Jun 27, 2018 1:19 am
Forum: Personal Finance (Not Investing)
Topic: anyone working overseas? pros-cons?
Replies: 22
Views: 2548

Re: anyone working overseas? pros-cons?

Son #2 has been doing contract work for a while now. Seven months in the Antarctic (Pole & McMurdo), an "Undisclosed Location in South West Asia" (look it up), Djibouti, Kuwait and for the last year, another not identified location east of Africa. Company paid accommodations varied from a dorm room ...
by Dale_G
Sun Jun 24, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3307

Re: Compliments for Vanguard?

I've been with Vanguard since 1982. There was a minor glitch more than 20 years ago that was quickly resolved. I've also provided informal "advice" to six other account holders for up to 30 years without any issues. We are pretty low maintenance folks however.

Dale