Search found 253 matches

by usagi
Sun Feb 16, 2020 10:24 pm
Forum: Personal Investments
Topic: Cold Calls from Hennion & Walsh
Replies: 18
Views: 3329

Re: Cold Calls from Hennion & Walsh

I have a cold calling script for selling insurance. When they call, I use their name (assume John) and launch into my script. Well John, thank you for calling me, do a you have a few minutes to answer a few questions? Hey, John, how can I contact you in case we get disconnected? Then I launch into ...
by usagi
Sat Feb 15, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why does auto liability insurance cost more for one car than another?
Replies: 21
Views: 1988

Re: Why does auto liability insurance cost more for one car than another?

Some autos can cause a lot of damage to a vehicle simply because of its mass. My Marquis is more expensive than my Corolla because of that factor. On the other hand some cars can protect their passengers more than others, my Marquis is cheaper than my Corolla on that basis. So it rather depends. One...
by usagi
Sat Feb 15, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: How much should I offer for this brick and mortar business?
Replies: 75
Views: 5674

Re: How much should I offer for this brick and mortar business?

I do small business consulting and actually own two banquet facilities (real estate and fixtures). My ironclad rule of business is I simply refuse to assist clients or engage in commerce with those who knowingly and willingly commit tax fraud. That makes them a dishonest - period. I routinely run in...
by usagi
Sat Feb 15, 2020 9:24 pm
Forum: Personal Investments
Topic: Cold Calls from Hennion & Walsh
Replies: 18
Views: 3329

Re: Cold Calls from Hennion & Walsh

I have a cold calling script for selling insurance. When they call, I use their name (assume John) and launch into my script. Well John, thank you for calling me, do a you have a few minutes to answer a few questions? Hey, John, how can I contact you in case we get disconnected? Then I launch into m...
by usagi
Sat Feb 15, 2020 9:01 pm
Forum: Personal Investments
Topic: Share price research
Replies: 14
Views: 557

Re: Share price research

I must be very lost. If I understand what the OP is asking AND the context, I thought he said the party in question is a recent widow. So I would think she would have gotten a stepped up cost basis at her husband's death and that the relevant cost basis would be the value at the time of his death wh...
by usagi
Sat Feb 15, 2020 8:52 pm
Forum: Personal Investments
Topic: Uber Stock
Replies: 13
Views: 1219

Re: Uber Stock

Welcome! This forum doesn't pick individual stocks. Instead, we use a buy-and-hold approach by investing in the entire market with low-cost index funds. I am not sure if you meant that as a ruling or a statement. I am not trying to pick a fight with a moderator so feel to delete if this is not appr...
by usagi
Sat Feb 15, 2020 3:43 am
Forum: Personal Investments
Topic: What is the expected real return of S&P 500 for the next 30 years?
Replies: 105
Views: 12602

Re: What is the expected real return of S&P 500 for the next 30 years?

You have no crystal ball, nor do I. You cannot predict interest rates, equity returns, inflation, or tax rates. Anyone who tells you different is lying; it is as simple as that. What you can do is make choices. There are two main paths. One choice is deciding that you will work for someone else, sav...
by usagi
Fri Feb 14, 2020 3:16 am
Forum: Investing - Theory, News & General
Topic: ETF to Hold for 50 Years
Replies: 118
Views: 10555

Re: ETF to Hold for 50 Years

ITOT, low cost, tax efficient and U.S. only. Gosh knows what the reporting and future tax status might be over the next 50 years with foreign stocks. I'll take my international exposure via U.S. corporations operating overseas. However if you want international exposure I would look at FFNOX(Fidelit...
by usagi
Fri Feb 14, 2020 2:50 am
Forum: Personal Investments
Topic: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade
Replies: 51
Views: 4450

Re: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade

FirstTrade is good, especially if you are looking at options. In general their on-line seminars are excellent.
by usagi
Fri Feb 14, 2020 2:31 am
Forum: Personal Investments
Topic: Vanguard vs Schwab - customer service
Replies: 34
Views: 2672

Re: Vanguard vs Schwab - customer service

I'll make my standard comment. I have accounts with Schwab, Fidelity, Vanguard, TDAmerica, FIrstTrade, Morgan Stanley among others. Of those listed I would put Schwab and Fidelity as first tier in customer service, TDAmerica, Morgan Stanley in the second tier, FirstTrade in the third tier, and Vangu...
by usagi
Mon Feb 10, 2020 11:56 pm
Forum: Investing - Theory, News & General
Topic: Covered Calls Portfolio
Replies: 11
Views: 1230

Re: Covered Calls Portfolio

Sorry I do not have any links, but in Dec I met with a Fidelity advisor who mentioned the studies he looked at only supported covered call strategies for those who want to sell their security. The essence of the comment was covered calls strategies tended to mute enough of the upside to impact overa...
by usagi
Sun Jan 19, 2020 8:16 pm
Forum: Personal Investments
Topic: minimizing days worked while maximizing ROTH spaces
Replies: 6
Views: 423

Re: minimizing days worked while maximizing ROTH spaces

I can see I really made a mess of my question...I withdraw it as I was not very clear, which is what I feared. I am very sorry for wasting people's time. Thanks to all who responded I simply failed to communicate what I was attempting to communicate; the fault lay in me.
by usagi
Sun Jan 19, 2020 7:44 pm
Forum: Personal Investments
Topic: minimizing days worked while maximizing ROTH spaces
Replies: 6
Views: 423

minimizing days worked while maximizing ROTH spaces

First of all, forgive me as I know this post is not clear. I have had a great deal of difficulty in coming up with a concise and clear way to ask my innate question. So I am going to create a scenario/situation to use as model for my question. Married. Both partners over 55. One a non-working spouse...
by usagi
Fri Jan 17, 2020 9:20 pm
Forum: Investing - Theory, News & General
Topic: BlackRock's New Position on Climate Change
Replies: 18
Views: 1328

Re: BlackRock's New Position on Climate Change

Ha, first one in before the thread is locked for not being actionable.
by usagi
Thu Jan 16, 2020 1:00 am
Forum: Investing - Theory, News & General
Topic: Diversification beyond 80 Stocks is not necessary?
Replies: 66
Views: 6085

Re: Diversification beyond 80 Stocks is not necessary?

In general, I think what is going on is firms like Fido have seen the impact of low cost/zero cost funds and etfs and are aiming to give, at least, the appearance of one upping them. With zero fee trading costs, they can slip in a management fee and run a custom index, collect a fee and try and show...
by usagi
Wed Jan 15, 2020 11:46 pm
Forum: Investing - Theory, News & General
Topic: Investment Statement Record Retention - Years
Replies: 50
Views: 3014

Re: Investment Statement Record Retention - Years

Of course! :sharebeer Please check out this excellent thread on the Jack Bogle and Warren Buffett Two Fund Portfolio. A lot of very good responses: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=188176 I have and posted on the thread. Thank you for keeping it active. My IPS: 1.) No debt 2.) ...
by usagi
Wed Jan 15, 2020 10:18 pm
Forum: Investing - Theory, News & General
Topic: Investment Statement Record Retention - Years
Replies: 50
Views: 3014

Re: Investment Statement Record Retention - Years

I haven't given it a second thought in 23 years with Fidelity, although the online only option probably started about 15 years ago. It is fun to look back at all of my silly investment choices over time. Boy oh boy am I happy with my 2 fund WB portfolio. WB Portfolio? Warren Buffett? Of course! :sh...
by usagi
Wed Jan 15, 2020 10:12 pm
Forum: Investing - Theory, News & General
Topic: Investment Statement Record Retention - Years
Replies: 50
Views: 3014

Re: Investment Statement Record Retention - Years

Personally I would not trust any company - period, especially Vanguard. To the best of my knowledge if you deal with non-deductible IRAs you may have the need to prove your basis. I do not get the big deal. I have more accounts than most (regretfully) but even after 43 years, statements from a singl...
by usagi
Tue Jan 07, 2020 2:18 am
Forum: Investing - Theory, News & General
Topic: What do you guys think about a career in insurance sales?
Replies: 80
Views: 5735

Re: What do you guys think about a career in insurance sales?

IMO, you should spend some time and ask some agents for an interview with them. You need to learn the various flavors of insurance sales positions, captive, independent agent, captive with an open agency option, broker etc. Old war horses who are indies, if they take a shine to you, can give you a b...
by usagi
Thu Jan 02, 2020 11:23 pm
Forum: Personal Investments
Topic: Contributing to Wife's tIRA at Vanguard
Replies: 12
Views: 708

Re: Contributing to Wife's tIRA at Vanguard

I went to fund two tIRAs today at Vanguard, one for myself and one for my wife. Last year, we opened these accounts elsewhere and transfered them to Vanguard to consolidate many accounts in one broker. I was able to schedule a $6000 payment into my tIRA. When I tried to do the same for my wifes, I ...
by usagi
Wed Jan 01, 2020 2:44 am
Forum: Personal Investments
Topic: Advisory Service Dilemma
Replies: 20
Views: 2605

Re: Advisory Service Dilemma

Right before Christmas a good friend asked me to attend a meeting between her Fidelity advisor and herself to get my opinion on what they were doing. It so happens to be the same advisor I have (CFP). I was there 3 hours reviewing all he has done for her, and frankly it was impressive. He turned of...
by usagi
Tue Dec 31, 2019 10:43 pm
Forum: Personal Investments
Topic: Advisory Service Dilemma
Replies: 20
Views: 2605

Re: Advisory Service Dilemma

Right before Christmas a good friend asked me to attend a meeting between her Fidelity advisor and herself to get my opinion on what they were doing. It so happens to be the same advisor I have (CFP). I was there 3 hours reviewing all he has done for her, and frankly it was impressive. He turned off...
by usagi
Tue Dec 31, 2019 9:43 pm
Forum: Investing - Theory, News & General
Topic: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.
Replies: 142
Views: 13760

Re: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.

My view on the trouble at Vanguard is, it is intrinsic to its culture. I have a small boutique IT consulting firm. My folks are well compensated and top notch in their specialization. It has been a long, long time since we worked with Vanguard and we will likely never do any work with Vanguard again...
by usagi
Tue Dec 31, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.
Replies: 142
Views: 13760

Re: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.

Kind of like the Yugo of automobiles, they were cheap though. LOL...oh man my sides hurt from laughing so far. There is an old joke that 10% of Yugo owners died from embarrassment. In a Yugo, by Paul Shanklin...it is hilarious...Happy New Year to all... https://www.youtube.com/watch?v=MqTKZgEW8pM
by usagi
Tue Dec 31, 2019 3:11 am
Forum: Investing - Theory, News & General
Topic: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.
Replies: 142
Views: 13760

Re: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.

Kind of like the Yugo of automobiles, they were cheap though. LOL...oh man my sides hurt from laughing so far. Now that I am uh, well, old, I have noted that in our capitalistic system seldom does the initial innovator remain the top dog or even continue to exist. As far as I can tell I get cheaper...
by usagi
Thu Dec 12, 2019 3:05 am
Forum: Personal Finance (Not Investing)
Topic: SO leaving work, insurance options?
Replies: 20
Views: 1502

Re: SO leaving work, insurance options?

Generally you can find non-ObamaCare 6 month policies that do not have the pre-existing condition available. They tend to have much lower premiums etc. I am assuming she is young so the risk is fairly low also, since you are not yet married a medical calamity need not have the same impact it would h...
by usagi
Wed Dec 11, 2019 3:14 am
Forum: Personal Investments
Topic: Individual Stocks
Replies: 19
Views: 1305

Re: Individual Stocks

RogerR wrote:
Wed Dec 11, 2019 3:04 am

What is your position size relative to total equity in your portfolio?
Each stock is roughly 1.6% of my marketable securities portfolio(stocks bonds etc) and roughly 2.7% of the equity portion of my marketable securities portfolio(stocks).
by usagi
Wed Dec 11, 2019 2:27 am
Forum: Personal Finance (Not Investing)
Topic: 50 Next Year - Should I Join AARP?
Replies: 105
Views: 8591

Re: 50 Next Year - Should I Join AARP?

As far as I know, the AARP is a marketing ploy to sell medicare supplement policies which I believe is it main source of revenue. I do not think they are seniors friends as they, imo, exist to keep health insurance complicated so they can take a piece off acting as a middleman. I believe they are hu...
by usagi
Wed Dec 11, 2019 1:28 am
Forum: Personal Investments
Topic: Individual Stocks
Replies: 19
Views: 1305

Re: Individual Stocks

i would hope you wrote an exit strategy for each stock as part of your purchase strategy. For example I bought T, TGT, MO this year. T and MO for my income portion of my portfolio and TGT for my capital appreciation segment. My statement for T and MO told me to hold them until they became long term ...
by usagi
Thu Oct 17, 2019 4:27 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 22070

Re: John Bogle’s formula says 1% real stock returns likely over next decade

Ridiculous compensation? So, if the CEO and BOD deliver above market total shareholder returns, aren’t they entitled to their “ridiculous compensation?” Correct. Correlation is not causation. In general, they take advantage of the ignorance of shareholders by conflating the two. In many ways it is ...
by usagi
Thu Oct 17, 2019 3:04 am
Forum: Personal Consumer Issues
Topic: When is private (elementary) school worth it?
Replies: 100
Views: 9157

Re: When is private (elementary) school worth it?

I was wondering if you were part of a homeschooling group (co-op?) or if you and your spouse handled homeschooling on your own? If so, how did you schedule schooling around your work schedule(s)? Also, if you don't mind sharing, did you have specific teaching experience? No we were not part of a ho...
by usagi
Sun Oct 13, 2019 4:23 am
Forum: Personal Consumer Issues
Topic: When is private (elementary) school worth it?
Replies: 100
Views: 9157

Re: When is private (elementary) school worth it?

We have 4 children, and both of us worked with children in various capacities for decades before and after our children were "children". Our observation was and is, that most of the public and private school systems are structured in a such away that the love of learning is not fostered and is not e...
by usagi
Fri Oct 11, 2019 12:51 am
Forum: Investing - Theory, News & General
Topic: "Bogle on Mutual Funds" A Gem
Replies: 23
Views: 4136

Re: "Bogle on Mutual Funds" A Gem

Somehow I overlooked these two gems: "Over the long term, surprises, while they occur in all types of stocks, are less likely among the large blue-chip issues." "I believe the all-encompassing Wilshire 5000 Index should be the prefered indexing standard." I find them a bit incongruent as I would exp...
by usagi
Fri Oct 11, 2019 12:34 am
Forum: Investing - Theory, News & General
Topic: Do You Think Vanguard Will Join The No Commission Party?
Replies: 46
Views: 6327

Re: Do You Think Vanguard Will Join The No Commission Party?

My personal view is Vanguard has a deep corporate culture that precludes them from reactionary decision making: Vanguard sees themselves as a thought leader and setter not a follower. I have experience with them in the form of delivering consultancy and contractor services and my view is: there is o...
by usagi
Thu Oct 10, 2019 11:59 pm
Forum: Personal Investments
Topic: Vanguard - Benefits of maintaining 500K balance
Replies: 12
Views: 3127

Re: Vanguard - Benefits of maintaining 500K balance

It is right there on the Vanguard.com web site: https://investor.vanguard.com/investing/benefits/at-a-glance The key word at that link is "None." Out of curiosity I followed your link and about died laughing when I saw this (the part in bold and italics): "View benefits at a glance No matter how mu...
by usagi
Thu Oct 10, 2019 11:45 pm
Forum: Personal Investments
Topic: Vanguard - Benefits of maintaining 500K balance
Replies: 12
Views: 3127

Re: Vanguard - Benefits of maintaining 500K balance

LOL, it's Vanguard. You get he same 4th rate customer service and spamming for fee advisory services whether you have 50K or 1 million. I understand they do blink at the 10 million mark but I am not likely to find out.
by usagi
Thu Oct 10, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 22070

Re: John Bogle’s formula says 1% real stock returns likely over next decade

I understand the dynamics of the markets, growth, etc. but fundamentally the value of an equity or basic of equities is a factor of the return and the risk one is willing to take to get that return. Has the risk profile of people and large holders actually changed? Am I will to take on equal or mor...
by usagi
Thu Oct 10, 2019 9:29 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 22070

Re: John Bogle’s formula says 1% real stock returns likely over next decade

My question is, why? Why would we expect the future to be different than the past? I know we often say the past does not indicate the future, it then I also question, we’ll, why do we think it’ll be radically different? Among other things, I am a small businessman. Specifically one area I have an p...
by usagi
Thu Oct 10, 2019 2:42 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 22070

Re: John Bogle’s formula says 1% real stock returns likely over next decade

It seems to me the prudent thing to do, if you believe in 1%, is switch to a dividend strategy: A porfolio heavily invested in consumer staple companies that have a demonstrated ability to turn a profit without growth. They would likely strive to reduce expenses to increase profitability and share p...
by usagi
Sun Oct 06, 2019 8:16 pm
Forum: Personal Investments
Topic: Corp AAA bond vs. secondary market annuity
Replies: 7
Views: 479

Re: Corp AAA bond vs. secondary market annuity

Uh...secondary annuities are usually not annuities in the normal sense of the word. In general you should not consider them an annuity in the sense of an insurance annuity. Many of these are derived from the compensation resulting from a lawsuit, which sounds good (perhaps?) up until the judgement i...
by usagi
Sun Oct 06, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: Insurance for mutual funds to guarantee index returns?
Replies: 25
Views: 2221

Re: Insurance for mutual funds to guarantee index returns?

A nit to your nit. Why do you define insurance as the spreading of the risk? Don't read any tone in this, as there is none, It is simply a reply. The reason I wrote that is this was how it was defined, explained, and taught and defined back when I got my CPCU. I guess in the end, my nit, is over th...
by usagi
Sat Oct 05, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: Insurance for mutual funds to guarantee index returns?
Replies: 25
Views: 2221

Re: Insurance for mutual funds to guarantee index returns?

Sort of a nit, but what you guys are talking about is not really insurance. So as not to derail the thread, I shall attempt to be brief: insurance is about spreading the risk of an event that all the insureds have exposure to, among the insured, for the cost of a premium per insured that approximate...
by usagi
Sat Oct 05, 2019 6:34 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17610

Re: How many are switching from Fidelity?

This happened at an opportune time. I am very pro Fido and have been consolidating at Fidelity for years and was just starting to transfer from TDA to Fido then the commission free thing happened. I contacted my Fido assigned account rep and all he could say was he would give me some more free trade...
by usagi
Fri Oct 04, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 17049

Re: What is your plan for the last few years of a long life?

TN_Boy wrote:
Mon Sep 02, 2019 8:50 am

My recollection is that research shows living healthy -- eating right, maintaining healthy weight, exercising, etc buys you relatively little extra time (if you look at population averages). What it buys you is better time -- more years you can do what you want.
+ 1
by usagi
Fri Oct 04, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 17049

Re: What is your plan for the last few years of a long life?

oldfatguy wrote:
Fri Aug 30, 2019 9:10 am
desiderium wrote:
Thu Aug 29, 2019 11:02 pm

While I am sympathetic to the argument for direct language the obvious problem is in normalizing suicide.
I don't want to drag this thread too far off topic, but not everyone agrees that is an obvious problem.
Exactly.
by usagi
Fri Oct 04, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 17049

Re: What is your plan for the last few years of a long life?

Then die in my sleep before any ailments get me. Same for the spouse. My understanding is it is fairly well established that dying in your sleep is not the pleasant sort of affair most think it is. Talk to you doctor about it. What it usually means is the person wakes up fully aware the are dying b...
by usagi
Fri Oct 04, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 17049

Re: What is your plan for the last few years of a long life?

Since that future, I hope, is a ways off, I trust to technological innovation to extend healthy life by getting you urgent medical attention when needed (i.e. stroke and heart attack monitoring), meaning extended active lifestyle may result. However for all of us, there comes point where father time...
by usagi
Fri Oct 04, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 17049

Re: What is your plan for the last few years of a long life?

8foot7 wrote:
Wed Aug 28, 2019 9:04 am

My wife has kindly offered to put a pillow over my face if this happens, so I'm relieved to not worry about it. 8-)
Heck my wife would like to do that even if I was not ill.
by usagi
Fri Oct 04, 2019 5:10 am
Forum: Personal Finance (Not Investing)
Topic: [When my children marry, should they sign a pre-nuptial agreement?]
Replies: 95
Views: 8617

Re: Daddy I'm engaged! Pre-nup?

I made a present of the following to each of my children when they graduated from college: https://store.nolo.com/products/marriage-domestic-partnership/prenuptial-agreement-books In my opinion your concerns are very justified. My children took it very seriously as they are rapidly accumulating asse...
by usagi
Fri Oct 04, 2019 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15556

Re: Willingly going from lucrative job to unemployed?

You have no one relying on you, no one you can sink and take down with you. Women come and go, there are billions on the planet, so I would not let that be a factor. Trust me there is more than one "the one" out there. What else is true is: every moment you are one moment closer to death. I guarante...