Search found 100 matches

by Workable Goblin
Tue Jan 21, 2020 12:35 pm
Forum: Investing - Theory, News & General
Topic: ETF to Hold for 50 Years
Replies: 118
Views: 10674

Re: ETF to Hold for 50 Years

travelogue wrote:
Tue Jan 21, 2020 10:59 am
I’m thinking VT would be my choice.
Pretty good choice. One of the iShares asset allocation ETFs (AOA, AOK, etc.) might also be pretty reasonable, because they're cheating, basically: the equivalent of a three-ish fund portfolio in one ETF.
by Workable Goblin
Tue Jan 21, 2020 12:28 pm
Forum: Personal Investments
Topic: Principal As 401k Administrator - Feedback, Please
Replies: 51
Views: 2229

Re: Principal As 401k Administrator - Feedback, Please

+1. Leaving free money on the table is a bad idea. With regard to your fund choices, I'd stick to something with a ticker symbol, that actually IS a mutual fund instead of one of the Principal "separate accounts" that are often offered. Having some transparency into the fund share price and holding...
by Workable Goblin
Fri Jan 17, 2020 5:43 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4511
Views: 1264636

Re: What Book Are You Currently Reading? Part VI

"The Great Depression: A Diary" based on dairy of Benjamin Roth & written by Daniel Roth and James Ledbetter. It is quite an interesting read. By coincidence, I also just finished that last night. I have to say that I was somewhat disappointed since it had more of a finance bent and a lot more rant...
by Workable Goblin
Fri Jan 17, 2020 4:44 pm
Forum: Investing - Theory, News & General
Topic: Gold - How Do Investors Model Price?
Replies: 406
Views: 14184

Re: Gold - How Do Investors Model Price?

Another advantage to allocating some of your emergency cash savings to gold: When you store money in an interest-bearing deposit account, you will pay income tax on your interest, even if it’s not keeping your head above real inflation. :idea: Inflation is effectively a hidden tax. When you buy and...
by Workable Goblin
Fri Jan 17, 2020 10:35 am
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19330

Re: Isn’t Inflation Much Larger Than 2%?

I remember sitting next to someone on a plane trip many years ago. As we went over Houston, he told me how he had purchased his home in the Houston area while the market was hot, only to see the bottom fall out and then have to sell when he was transferred to the East Coast. I don't remember the ye...
by Workable Goblin
Thu Jan 16, 2020 6:51 pm
Forum: Investing - Theory, News & General
Topic: Gold - How Do Investors Model Price?
Replies: 406
Views: 14184

Re: Gold - How Do Investors Model Price?

Gold bugs, like all ideologs, prefer the latter. They like the world as it was in 1900, or even better, 190. Goldbugs have a point in that no fiat currency has ever survived. Neither has any other kind of currency. Or are you not aware of the history of, for example, the Roman coinage? It shows tha...
by Workable Goblin
Thu Jan 16, 2020 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Did I Pencil Whip My W-4 Correctly?
Replies: 12
Views: 602

Re: Did I Pencil Whip My W-4 Correctly?

Funny enough, I've never heard anyone describe anything the IRS has ever produced as being especially helpful. Probably because they just did their taxes and went on their way without worrying about it one way or the other...the old "only complainers make themselves known" problem. For what it's wo...
by Workable Goblin
Sat Jan 11, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 6815

Re: Why are Dividend Stocks pushed so hard?

And that's all great and dandy, and I do sincerely believe in this route. What I have never understood though, is why so many of the media, articles, videos, analysts etc, always push and advocate for buying dividend paying stocks instead. Probably because it's simpler and more intuitive than the t...
by Workable Goblin
Fri Jan 10, 2020 4:31 pm
Forum: Personal Consumer Issues
Topic: How to Protect Your Most Important Asset
Replies: 45
Views: 6775

Re: Is Walmart's organic food just as "organic" as Whole Food's?

I generally try to buy organic when purchasing any of the "dirty dozen." Costco is carrying a lot more organic fresh fruits and vegetables these days. https://www.produceretailer.com/article/news-article/2019-dirty-dozen-and-clean-15-lists-released I have noticed lately that Walmart is starting to ...
by Workable Goblin
Mon Jan 06, 2020 10:00 pm
Forum: Investing - Theory, News & General
Topic: Gold - How Do Investors Model Price?
Replies: 406
Views: 14184

Re: Gold - How Do Investors Model Price?

Not sure what plots you looked at but gold evidently hold its value through thousands of years. I don't think you can say that, actually. Gold has always been worth something , of course, but over that kind of timeframe there have, in fact, been major swings in the perceived value of gold. The valu...
by Workable Goblin
Sat Jan 04, 2020 11:39 am
Forum: Personal Investments
Topic: Best single ETF for teaching kids investing?
Replies: 12
Views: 643

Re: Best single ETF for teaching kids investing?

Bogleheads, I'm starting my 13 year old on investing -- she has a custodial account (UTMA) and $30 invested so far. She went straight for individual companies (Disney, Apple, Costco, at $10 each) for her first round. I'm fine with that, so she can get some experience of owning stocks. However, I wo...
by Workable Goblin
Sat Jan 04, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?
Replies: 42
Views: 3283

Re: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?

MotoTrojan wrote:
Fri Jan 03, 2020 9:09 pm
Was Seattle a tech hub in the 1990's?
Microsoft was huge and Amazon was...well, not what it is now, but it got pretty big for the time by the end of the '90s, so yes.
by Workable Goblin
Fri Jan 03, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Shiller: Homeownership is a bad investment
Replies: 480
Views: 65470

Re: Re:

OK then the rent would still be more than the mortgage - which is zero in this instance Not sure of your point here - my point is that I would expect any rent to cover the mortgage payments (as a minimum) so this would still hold true in your example Fair point - perhaps at a point in time some inc...
by Workable Goblin
Fri Jan 03, 2020 1:02 pm
Forum: Investing - Theory, News & General
Topic: Shiller: Homeownership is a bad investment
Replies: 480
Views: 65470

Re: Re:

I don't really understand that. If I own a property that I rent out, and that property has a mortgage against it, why would I rent it out at a lower rate then the mortgage re-payments - that would be costing me money every month Well, there are several possibilities. First, you may not have a mortg...
by Workable Goblin
Fri Jan 03, 2020 1:38 am
Forum: Personal Consumer Issues
Topic: Is volunteering worth the hassle?
Replies: 98
Views: 8494

Re: Is volunteering worth the hassle?

Nicolas wrote:
Thu Jan 02, 2020 9:24 pm
It doesn’t work — there are people there. Serving as a forest fire lookout like Jack Kerouac did in the Pacific Northwest would be more to my liking.
Alas, that's going away.
by Workable Goblin
Tue Dec 31, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 271
Views: 10079

Re: Vanguard phasing out regular mutual fund shares?

How did you "rationally" set this limit order price? Since we're discussing ETFs, presumably at NAV or at some value based on the pre-closure price, say slightly above the lowest price that the shares reached yesterday. Although you argued that NAV is actually whatever the marketable price is previ...
by Workable Goblin
Tue Dec 31, 2019 2:35 am
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 271
Views: 10079

Re: Vanguard phasing out regular mutual fund shares?

My point was that having your order be a limit order is irrelevant to the concept of the ill-advisement of placing outside of market hours. You have no idea of the market conditions your order will execute in, especially how illiquid the opening cross or spread will be. I'll make an exception for l...
by Workable Goblin
Mon Dec 30, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 271
Views: 10079

Re: Vanguard phasing out regular mutual fund shares?

Limit order or not is irrevelant. In general, non-marketable limit order posted at the inside, especially from retail clients, get run over and execute at poor PWP 10 prices (Price Weighted Participation 10%) , almost by definition. A market order will actually generally do better because of price ...
by Workable Goblin
Sun Dec 29, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 271
Views: 10079

Re: Vanguard phasing out regular mutual fund shares?

Your timing approach is generally not advised. Ideally one trades in the mid to late half of the day, when liquidity is stable. Orders placed outside of market hours could execute during illiquid times at (future-looking) poor prices. Background: 15 years of market making and buy-side order flow an...
by Workable Goblin
Thu Dec 26, 2019 1:04 pm
Forum: Personal Consumer Issues
Topic: Long Plane trip - 16 Hours to Shanghai
Replies: 67
Views: 6276

Re: Long Plane trip - 16 Hours to Shanghai

I have never flown there but on long distance flights like that I have not had major problems with jet lag flying west, but the long flight back east has hit me hard and taken almost a week to fully to get over the jet lag since I was not sleeping well. Many people find that traveling east is harde...
by Workable Goblin
Thu Dec 26, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Passport renewal and 'passport card' (extra $30)
Replies: 36
Views: 1567

Re: Passport renewal and 'passport card' (extra $30)

Doing a renewal & I plan to get the book, I see for an extra $30 one can get a passport card . Is this worth anything to also have? Maybe it has a hidden benefit I am unaware of? If you travel between Mexico/Canada/the Caribbean and the United States by land or sea on a frequent basis, then it's pr...
by Workable Goblin
Mon Dec 23, 2019 4:07 pm
Forum: Investing - Theory, News & General
Topic: Who else will wait until the dust settles on Tax law changes?
Replies: 26
Views: 3647

Re: Who else will wait until the dust settles on Tax law changes?

Thanks for the link. Two things that were new to me: 1. IRA contributions now allowed for grad students and post-docs on paid fellowships. This has a been a FAQ here on the forum Darn, I was hoping it would be retroactive so I could make IRA contributions this year after all (all of my taxable inco...
by Workable Goblin
Tue Dec 03, 2019 5:05 pm
Forum: Personal Consumer Issues
Topic: Apps or structured program for reading the Bible?
Replies: 36
Views: 2209

Re: Apps or structured program for reading the Bible?

There's nothing that's going to be easier than just starting at the beginning and reading. But only you can decide what would "keep your interest". On the contrary, it's pretty well accepted that starting at the beginning and powering your way through is just about the worst and certainly the most ...
by Workable Goblin
Mon Dec 02, 2019 11:37 am
Forum: Personal Investments
Topic: Will artificial intelligence reduce the cost for long-term care?
Replies: 68
Views: 3342

Re: Will artificial intelligence reduce the cost for long-term care?

I find this question somewhat silly, but for different reasons than most of the other posters. What I think of is the spectrum of possible economic outcomes from wide deployment of artificial intelligence; maybe it results in the creation of a utopian society where all diseases have been cured by su...
by Workable Goblin
Tue Nov 26, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 89053

Re: Found hidden safe, should we crack?

I think it's a really bad joke, really not nice to intentionally try to scare someone you don't even know for no reason ... but I doubt it would take a forensics team to figure out the difference between a real skeleton and a plastic one from party city. My thinking is that after twenty or thirty y...
by Workable Goblin
Tue Nov 26, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Two Factor Authentication ---Living Abroad
Replies: 58
Views: 3071

Re: Two Factor Authentication ---Living Abroad

So you're saying the TOTP generation is a standard function of the account secret? See, I did not know that (which is silly of me, being a software engineer). So in theory, I could have used a TOTP implementation other than Google Authenticator, even though GA is the one Uplay suggested? Very inter...
by Workable Goblin
Tue Nov 26, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Two Factor Authentication ---Living Abroad
Replies: 58
Views: 3071

Re: Two Factor Authentication ---Living Abroad

At most, I think Authenticator is exceptional for some non-critical service, but I would really be afraid to lock myself out of something like a bank account or my video game accounts which I've spent tons of money on over the years. That may be why I've not heard of any banks using something like ...
by Workable Goblin
Tue Nov 26, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Two Factor Authentication ---Living Abroad
Replies: 58
Views: 3071

Re: Two Factor Authentication ---Living Abroad

I understand the different purposes of OAuth and 2FA. However, I feel like the technical implementation doesn't necessarily make them completely separate when taking into account practical reality. When a 3rd-party app or service makes use of an external authenticator like Google Authenticator, the...
by Workable Goblin
Tue Nov 26, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 89053

Re: Found hidden safe, should we crack?

cheese_breath wrote:
Tue Nov 26, 2019 4:51 pm
That's great! :thumbsup
I look at it and see getting into a lot of hot water on suspicion of murder until forensics figures out that it's a fake skeleton and not a real one. That doesn't sound so fun to me...
by Workable Goblin
Tue Nov 26, 2019 1:43 am
Forum: Personal Investments
Topic: Investment issues for dying Mother
Replies: 18
Views: 1681

Re: Investment issues for dying Mother

There is no longer any fee for Vanguard (or any other) ETFs at Schwab. Schwab would still charge me $49.95 to buy a Vanguard mutual fund, so I just buy ETFs if I want the Vanguard funds. (But I feel OP shouldn't be worrying about this kind of detail at the moment) The trouble is that Vanguard doesn...
by Workable Goblin
Mon Nov 25, 2019 9:08 pm
Forum: Personal Investments
Topic: Investment issues for dying Mother
Replies: 18
Views: 1681

Re: Investment issues for dying Mother

Schwab does have any advisory service but I don’t know the details. But I believe you can buy the Vanguard funds through Schwab. Technically yes, but in practice this would be a bad idea due to the high fees Schwab charges for Vanguard funds. It would make more senes to either roll your own or purc...
by Workable Goblin
Fri Nov 22, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: The History of Interest Rates Over 670 Years
Replies: 13
Views: 2095

Re: The History of Interest Rates Over 670 Years

I have been thinking about this for quite some time. In a very short summation, I believe the fall in interest rates has to do with technological advances paired with longer life expectancy. The crux of it is this: 1. If you were going to loan money for 5 years, but only live until you were 30, you...
by Workable Goblin
Tue Nov 19, 2019 10:08 pm
Forum: Personal Consumer Issues
Topic: USPS informed delivery for multiple addresses
Replies: 17
Views: 2967

Re: USPS informed delivery for multiple addresses

I have Informed Delivery for two addresses, each with its own account, and I get two emails each day. Informed Delivery service has grown increasingly useless. So many days the email message reads, "A piece of mail that we do not have an image for is included in today's mail." This is coupled with ...
by Workable Goblin
Sat Nov 16, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to use Apple Pay Cash
Replies: 19
Views: 2037

Re: Best way to use Apple Pay Cash

Zelle, Venmo, XYZ Pay, etc. is getting interesting. I can't believe this abundance of choice and confusion can continue indefinitely, but there are still new forms of payment being developed everyday and yet I still have a checkbook. Apple Cash can compete with Zelle or be a part of Zelle. We'll se...
by Workable Goblin
Fri Nov 15, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: Gaming Desktop
Replies: 46
Views: 3642

Re: Gaming Desktop

It's actually really simple. The GPU is all that matters. If you want a gaming machine, it must have a discrete graphics card. I strongly disagree. It really depends on what kind of games you play. This advice would be totally counterproductive for me, for instance, because I mostly don't play game...
by Workable Goblin
Thu Nov 14, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: B&H Photo will pay your sales tax [payboo]
Replies: 25
Views: 3498

Re: B&H Photo will pay your sales tax [payboo]

Rob5TCP wrote:
Wed May 08, 2019 9:30 am
AMX has a blue card, which though $95 per year gives 6% back on all grocery purchases. Not sure where AMX makes there money here either.
Merchant fees and interest on balances, especially merchant fees. There's a reason why Amex is famous for not being accepted at as many places as other cards.
by Workable Goblin
Tue Nov 12, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: How does receiving ACA subsidies work?
Replies: 5
Views: 517

Re: How does receiving ACA subsidies work?

One final word...what you're getting is an "advance premium tax credit". The actual credit will be determined when you file your 2020 taxes in early 2021. If you're still under the 400% Poverty level, they will adjust it to what it would have been had you input the correct income at the start. If, ...
by Workable Goblin
Sun Nov 10, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 14291

Re: Tax Deferred : Taxable : Tax Free

0:66:33 I've never actually had the opportunity to contribute to a tax-deferred account other than a traditional IRA, except rather briefly while I was a graduate student (after a month or so they essentially told me, "Actually, you're not an employee" and didn't let me contribute any more; and in a...
by Workable Goblin
Sun Nov 10, 2019 2:10 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 25435

Re: Holding bonds vs 100% equities

And if you go look at the actual $ balances between the two portfolios.... you'll see the nominal dollar difference is so small it's basically immaterial for the first decade with the young person starting at $0 and saving monthly. Being 70/30 in 2008 might have given you an extra few thousand doll...
by Workable Goblin
Sat Nov 09, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America no local branch?
Replies: 14
Views: 864

Re: Bank of America no local branch?

I am under the impression that there is a maximum size of check that can be deposited via cellphone or tablet app. There is, but depending on your bank and your history with them it can be pretty large. My bank, for instance, allows me to deposit up to $25 000 from a single check in a single day by...
by Workable Goblin
Sat Nov 09, 2019 4:16 pm
Forum: Personal Consumer Issues
Topic: Best secure email to use instead of gmail?
Replies: 93
Views: 16197

Re: Best secure email to use instead of gmail?

If the bank account password was compromised you can't trust your OTP code either. Storing them together in 1Password does not help in this scenario. It depends on how the bank account password was compromised. If it was compromised because, say, the bank stored it in plaintext or a weak hash, then...
by Workable Goblin
Fri Nov 08, 2019 2:56 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1510

Re: Suggestions for cash or cash equivalent positions?

Hi BHs, Can anyone suggest best places to park $20-30k "cash" for an emergency fund? My wife and I have been sitting on this much in a Schwab savings account, which earns essentially nothing (0.23%), and I think we could but have no experience doing better in other vehicles, CDs, etc. It's actually...
by Workable Goblin
Thu Nov 07, 2019 3:54 pm
Forum: Personal Investments
Topic: MMA or Savings or Cash Management
Replies: 21
Views: 1525

Re: MMA or Savings or Cash Management

I'm used to brick-and-mortar institutions like banks; understand how they work and how they profit. Credit Unions, not so much (but that might be for lack of research.) Online banking, I understand better. Credit unions function exactly like banks, I mean exactly . You still deposit money with them...
by Workable Goblin
Wed Nov 06, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 5047

Re: Best month to take RMDs?

Forgetting capital appreciation for simplification, say your RMD is earning x% in dividends. If you take the RMD in January then most of the dividends will be taxed. If you delay the RMD until end of year, most dividends remain tax deferred. Assuming that your funds don't pay out most of their divi...
by Workable Goblin
Wed Nov 06, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 63
Views: 10268

Re: Spectrum Internet has a good scam going

Not being able to surf Reddit, check e-mail, or play an online game is not a big deal. I'm in the middle of starting a new job, and literally all of my communications with my employers have been via email. Additionally, since this is a cleared federal contractor position I needed to access governme...
by Workable Goblin
Tue Nov 05, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Are Monopolies efficient?
Replies: 10
Views: 576

Re: Are Monopolies efficient?

Maybe - I will point to AT&T as a counter example. They had a natural monopoly, so no competition to run out. Not exactly. Bell went to a lot of trouble to get rid of competing phone companies after the Bell patent ran out and they no longer had a true monopoly. Mostly this was just through mergers...
by Workable Goblin
Wed Oct 30, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14249

Re: Apple Pay. Does anyone use it?

You can enter several cards, but Apple seems to make it hard to tell them apart when all are Visa cards. Seems is the word...my Visa (debit) cards are all differentiated in Apple Pay--the graphics look exactly like the real card, with the obvious difference of not showing the card number, name, etc...
by Workable Goblin
Mon Oct 28, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab Referral Bonus - Really Need to Keep for a Year?
Replies: 26
Views: 2091

Re: Charles Schwab Referral Bonus - Really Need to Keep for a Year?

Call Schwab and ask them to set the Point of Sale (POS) limit to $0.01. This will turn your debit card into an ATM-only card. I know of no other bank that will do this for you. Bank of Hawaii lets you do it to their debit card, in their app even. I actually got myself into trouble a while back that...
by Workable Goblin
Mon Oct 28, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 6195

Re: Who does your tax returns?

I've always used software, but since I had to file estimated taxes last year (and this year, but obviously I haven't done my 2019 tax return yet...) I also had to do a lot of work by hand, and ultimately ended up doing a hand return to double-check the software. It was very educational, so I now pla...
by Workable Goblin
Sun Oct 27, 2019 8:21 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3592

Re: Best Single Entity for Investments + Cash + Banking

isira wrote:
Sat Oct 26, 2019 10:13 pm
Merrill Edge has decent money market funds, but the good ones require 100k to open the fund and you can deposit/withdraw any amount afterwards.
And, of course, I don't have $100k lying around...bleh. Guess I'll stick with Schwab, then.