Search found 734 matches

by rossington
Fri Sep 18, 2020 1:50 am
Forum: Investing - Theory, News & General
Topic: any lessons to remember from dot com bubble?
Replies: 22
Views: 2196

Re: any lessons to remember from dot com bubble?

Bingo! It's healthy - for long term investors - that so much consensus is currently drawing some kind of a conclusion that today is a bubble just as 1999/2000 was. It at least affords us a healthy correction. This is not a Pets.com period, but people sure love to draw conclusions based on recency b...
by rossington
Tue Sep 15, 2020 3:10 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19171

Re: Anyone successfully living off dividends & interest?

How did the people who lived off dividends from Kodak, Radio Shack, Enron, Washington Mutual, Pan Am, Polaroid, and Sears come out? As long as they still have their stock certificates, they're okay, right? What is your implication? How many serious investors who focused on dividend paying stocks at...
by rossington
Mon Sep 14, 2020 3:06 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19171

Re: Anyone successfully living off dividends & interest?

Also, some of the comparisons to real estate rentals, to do an apples-to-apples comparison, you'd almost have to look at an index fund and compare what it is paying today in dividend dollars versus the original price. So say VFINX was $35 for a share purchased decades ago, today the dividend pay ou...
by rossington
Sun Sep 13, 2020 5:36 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19171

Re: Anyone successfully living off dividends & interest?

Quality dividend paying stocks have been bid up to very high prices which make it more likely they will decline in the future and which lower the dividend yield to yields that poorly compensate for risk. You have that backwards, Scooter57. If the share price declines, but the dividend payout stays ...
by rossington
Sun Sep 13, 2020 4:14 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19171

Re: Anyone successfully living off dividends & interest?

I think you want me to clarify what I mean by "income only?" Basically, a portfolio that puts capital preservation first and foremost -- and throws off enough income/dividends/interest to fund retirement expenditures and keep up with inflation. This would be different from a "total return" approach...
by rossington
Wed Sep 09, 2020 4:18 am
Forum: Investing - Theory, News & General
Topic: International stock investing is industry diversification and style diversification
Replies: 92
Views: 6577

Re: International stock investing is industry diversification and style diversification

The industry groups like energy and finance and industrial are where value stocks come from. That's why international stocks have lower valuations than US stocks. Again, look at the "Compare." I recommend one-third of stock allocation to international. Rick Ferri I must respectfully disagree. Ex-U....
by rossington
Mon Sep 07, 2020 4:39 am
Forum: Personal Investments
Topic: Do I really own anything if everything can require a Medallion signature which I can never get?
Replies: 71
Views: 7681

Re: Do I really own anything if everything can require a Medallion signature which I can never get?

OP, If you think you don't "really own anything", who do you think owns YOUR assets? Why do you think you "can never get" a Medallion signature? Not asked for one yet, but I am new to investing, I have just been reading through the board, caught my eye on the medallion signature topic, dug more and...
by rossington
Sun Sep 06, 2020 4:15 am
Forum: Personal Investments
Topic: Do I really own anything if everything can require a Medallion signature which I can never get?
Replies: 71
Views: 7681

Re: Do I really own anything if everything can require a Medallion signature which I can never get?

Numerous good responses provided upthread have hopefully addressed the OP. I am currently in the process of obtaining MSG required to transfer 2 shares of Prudential Financial stock from the name of the decedent into the name of the estate, for which I am the Executor. After using the Computershare...
by rossington
Sun Sep 06, 2020 3:54 am
Forum: Personal Investments
Topic: Bond anxiety
Replies: 53
Views: 5024

Re: Bond anxiety

I've been keeping an eye out for exactly this thread! My Investment Plan explicitly states that when "a thread that suggests going 100% stock gets 42 or more replies in less than three hours with at least one mention of using margin, then sell everything at the next opening bell." It's been practic...
by rossington
Sat Sep 05, 2020 2:41 am
Forum: Personal Investments
Topic: Bond anxiety
Replies: 53
Views: 5024

Re: Bond anxiety

Can you treat Social Security as a bond? You can but it is illogical and not productive: https://www.google.com/search?sitesearch=bogleheads.org&q=ss+as+a+bond Treat it as an annuity because after the recipients deaths the payments end and nothing is passed on to the beneficiaries. Whereas bonds re...
by rossington
Sat Sep 05, 2020 2:26 am
Forum: Personal Investments
Topic: Bond anxiety
Replies: 53
Views: 5024

Re: Bond anxiety

WOW - Thank you all for so many replies. I am retired with a pension that covers most of my expenses. I do have about 1MM in a company stock that I worked for. I do depend on those dividends quarterly. I also have about $500K in IRA's. Not taking SS yet. Next year when I take SS I will not be so de...
by rossington
Thu Sep 03, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: "Indexes don't search for solutions. People do."
Replies: 17
Views: 2043

Re: "Indexes don't search for solutions. People do."

few thoughts: 1. maybe people should stop searching for solutions to a problem that doesn't exist. (there's no need to build a better mousetrap). 2. can you imagine how poorly the other 635 asset allocation funds (between 50%-70% equity) must have done if this fund is considered 5 star? Shouldn't t...
by rossington
Wed Sep 02, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: 'safe' investment
Replies: 11
Views: 1035

Re: 'safe' investment

I apologize if this is a stupid question. I recently took money in my Roth IRA from Vanguard Total Stock Market and put it the Total Bond fund for asset allocation. You know, you're supposed to get more conservative as you get older. But with interest rates so low, aren't bonds bound to tank at som...
by rossington
Wed Sep 02, 2020 2:50 am
Forum: Personal Investments
Topic: Worried about preserving my wealth
Replies: 33
Views: 5146

Re: Worried about preserving my wealth

Im mid 20's and self employed, but dont have a traditional retirment or job projection/ideal as most. I can see myself buying (with cash) a cheap LCOL rural homestead in the next few years and living a self sufficent lifestyle with a much decreased income. I could get my expenses very low, with my ...
by rossington
Tue Sep 01, 2020 2:32 pm
Forum: Forum Issues and Administration
Topic: Bookmarklet to lookup selected word in wiki's abbreviation table
Replies: 33
Views: 1818

Re: Bookmarklet to lookup selected word in wiki's abbreviation table

Thanks, I forgot we had that page. That wiki page was last revised in 2015 and the link to the Google webstore is broken. I linked to this post from the wiki page. I modified the javascript to work with the CBS MarketWatch symbol lookup (only). Rationale: New investors see nothing but a wall of tex...
by rossington
Tue Sep 01, 2020 2:26 am
Forum: Personal Investments
Topic: Bond allocation
Replies: 10
Views: 1062

Re: Bond allocation

Stay the course. It’s true that bond yields are low now, and they will likely stay low for some time in the future. Of course nobody knows for how long, so what’s the alternative? The general wisdom is that you should only change your asset allocation if your need, willingness, or ability to take r...
by rossington
Tue Sep 01, 2020 2:13 am
Forum: Investing - Theory, News & General
Topic: MLPs are not included in S&P500
Replies: 18
Views: 1598

Re: MLPs are not included in S&P500

EPD = Enterprise Products Partners = "Enterprise Products Partners L.P." which "is an American midstream natural gas and crude oil pipeline company" MMP = Magellan Midstream Partners which "owns ammonia and petroleum pipelines." ET = Energy Transfer Partners = "a company engaged in natural gas and ...
by rossington
Tue Sep 01, 2020 1:39 am
Forum: Investing - Theory, News & General
Topic: Liability matching in a low interest rate world
Replies: 12
Views: 1031

Re: Liability matching in a low interest rate world

willthrill81 wrote: If fixed income cannot provide you with the returns you need, then you have little choice but to (1) tilt toward those assets with higher potential returns but greater volatility, which is what many pensions are doing, (2) reduce future benefits, or (3) increase current contribu...
by rossington
Sun Aug 30, 2020 5:54 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 176
Views: 17586

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

Here is additional information on Vanguard fund expenses. I checked the Statement of Additional Information on several Vanguard funds and they state that each fund can pay up to 0.40% of net assets in expenses. It looks like all Vanguard funds including the Money Market funds are getting a bargain ...
by rossington
Sun Aug 30, 2020 4:37 pm
Forum: Forum Issues and Administration
Topic: Bookmarklet to lookup selected word in wiki's abbreviation table
Replies: 33
Views: 1818

Re: Bookmarklet to lookup selected word in wiki's abbreviation table

Great idea! I've linked to this thread from Re: A Plea for Ordinary English . I'm having a problem getting it to work in Firefox or Chrome. The wiki page opens in a new window, but it doesn't jump to the text. I'll keep working on it. Is the text case-sensitive? Does it need to be surrounded with a...
by rossington
Sun Aug 30, 2020 2:30 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 176
Views: 17586

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

Did some checking with my CU. They suggested a wire transfer from Vanguard for large amounts, but noted they only allow 10k and under of on line out-going transfers and limit of six per month. At this point it is probably not worth the hassle to gain only 800 in annual interest after taxes. I know ...
by rossington
Sun Aug 30, 2020 4:57 am
Forum: Investing - Theory, News & General
Topic: MLPs are not included in S&P500
Replies: 18
Views: 1598

Re: MLPs are not included in S&P500

I’ve been researching some MLPs recently such as EPD, MMP, ET because of their high yield. I recommend you read the Wiki on MLPs, especially the section on taxation, here: https://www.bogleheads.org/wiki/Master_limited_partnership Thanks, this is quite useful to me. MLPs have some tax advantages so...
by rossington
Wed Aug 26, 2020 5:22 pm
Forum: Personal Investments
Topic: Should we be (mostly) all cash?
Replies: 37
Views: 4569

Re: Should we be (mostly) all cash?

As DBR & Delamer mentioned above too, should one or both of you live beyond your mid/late 80's will you still be in good shape to cover the healthcare expenses that will possibly arise? Do you have a POA and Health Care Surrogate appointed?
by rossington
Tue Aug 25, 2020 2:07 pm
Forum: Personal Investments
Topic: New to investing, need help please
Replies: 13
Views: 762

Re: New to investing, need help please

You could at least structure your Fidelity Roth & TIRA's to reflect your desired AA of 70/30 among FXIAX and FXNAX (Fidelity U.S. Bond Index Fund).Include your VTSAX in your equity AA. 30% bonds may be a bit of a drag on a long term portfolio at your age. *You do have that debt load hanging over you...
by rossington
Mon Aug 24, 2020 2:31 pm
Forum: Personal Investments
Topic: whole life insurance with cash value
Replies: 50
Views: 2810

Re: whole life insurance with cash value

gautamsa wrote: Sat Aug 22, 2020 10:05 pm
current cash value 35k
How much have your total payments been to date?
What is the surrender value if you cancel today?
by rossington
Mon Aug 24, 2020 1:12 pm
Forum: Personal Investments
Topic: Rebalancing- sell and buy on the same market up day?
Replies: 7
Views: 604

Re: Rebalancing- sell and buy on the same market up day?

I would be very careful not to rebalance on very volatile market days. Those are the days when your emotions are yanking at you to do something and you are more likely to make a rash decision. Wait til the dust settles.
by rossington
Sat Aug 22, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: Stock split mechanics
Replies: 29
Views: 1647

Re: Stock split mechanics

From Apple's stock split announcement today: Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020. How does this work in practice...
by rossington
Fri Aug 21, 2020 3:05 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5461

Re: Please review my de-risking/cash-out plan

Folks, The background information Age: Above 55 Status: unemployed. I am looking for a suitable and safe job. And, if that does not pan out, I may retire. Annual expense: 60K per year including mortgage Health insurance: 2 years of COBRA. Transition to ACA health insurance for coverage before medic...
by rossington
Fri Aug 21, 2020 3:25 am
Forum: Investing - Theory, News & General
Topic: Can Academics Beat the Stock Market?
Replies: 109
Views: 7179

Re: Can Academics Beat the Stock Market?

So how many are going to invest their life savings based on what the "academics" think they should do? Who are the most successful "academics"? Who are the least successful? How often does the list change? Can any of them tell us what the NAV of VTSAX will be on 8/21/2021? I prefer to be my own "aca...
by rossington
Fri Aug 21, 2020 2:41 am
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5461

Re: Please review my de-risking/cash-out plan

Folks, The background information Age: Above 55 Status: unemployed. I am looking for a suitable and safe job. And, if that does not pan out, I may retire. Annual expense: 60K per year including mortgage Health insurance: 2 years of COBRA. Transition to ACA health insurance for coverage before medic...
by rossington
Fri Aug 14, 2020 3:21 am
Forum: Personal Investments
Topic: Zero Dividend Stock Investment
Replies: 11
Views: 958

Re: Zero Dividend Stock Investment

I need to redirect some investment to zero or near zero dividend equity. I am looking for large conglomerates or index funds, preferably not hyper growth type. I have Berkshire B in mind. Any others that I should consider? VTSAX (as an investment ). Or why don't you just do the research for index f...
by rossington
Fri Aug 14, 2020 3:06 am
Forum: Personal Investments
Topic: I don't understand bonds
Replies: 27
Views: 2168

Re: I don't understand bonds

I have a good understanding of stocks but not so much bonds. Stock are simple. You owe a chunk of a company. It is easy to understand how companies prosper or fail. Supporters of bonds confuse me. They say I'll make money when bonds go up. And I shouldn't worry about bonds going down because I earn...
by rossington
Thu Aug 13, 2020 4:07 am
Forum: Personal Investments
Topic: Reset cost basis - is this possible?
Replies: 10
Views: 1083

Re: Reset cost basis - is this possible?

In your case, your total income is $60,000; so you have room for $44,800 per year in long-term capital gains to realize, and pay 0 in taxes. If there are $12,000 in short term gains for example, then your room shrinks to $32,800 only. As I said above, short term gains MUST BE included to determine ...
by rossington
Wed Aug 12, 2020 1:49 am
Forum: Personal Investments
Topic: Variable Annuity vs Mutual Funds
Replies: 17
Views: 1210

Re: Variable Annuity vs Mutual Funds

Hi, I'm a first time poster here, and I hope someone could help me. My mother is 59, single, and retired with a relatively large chunk of change (>1M) from a divorce many moons ago. Her new financial advisor is recommending a TransAmerica Variable Annuity O-Share. Do these products make sense as pa...
by rossington
Wed Aug 12, 2020 1:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard will be moving their mail operations to El Paso in the future
Replies: 42
Views: 6729

Re: Vanguard will be moving their mail operations to El Paso in the future

I sent a check to be deposited to my account via standard USPS mail to the El Paso mailing address. This was on July 18th, and as of August 10th they still haven't received it. That may not be Vanguard's problem. USPS seems to be having some issues too. Very true, it may be an USPS issue. At this p...
by rossington
Tue Aug 11, 2020 3:44 am
Forum: Personal Investments
Topic: What should I do?
Replies: 23
Views: 2630

Re: What should I do?

Hello everyone! Long time lurker here and finally decided to join to seek some advice...I'm 27 years old and back in February I decided to move all of my investments to cash reserves because I thought the market was WAYYYYY overvalued. At the time I felt like a genius because in came covid and the ...
by rossington
Mon Aug 10, 2020 6:12 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

There are really only two things that trigger UBTI; one is a positive number in Box 1 of the K1 and the other is recapture upon sale. Distributions are not considered UBTI. Unfortunately, the Investopedia article cited is incorrect. In a taxable account, distributions received after basis is below ...
by rossington
Mon Aug 10, 2020 4:13 am
Forum: Investing - Theory, News & General
Topic: Anyone abandoning trend following and/or dual momentum approaches?
Replies: 81
Views: 4644

Re: Anyone abandoning trend following and/or dual momentum approaches?

Just to be clear, we are talking about a strategy that was only published six years ago? https://imgur.com/0kOkIRC.jpg Publisher: McGraw-Hill Education; 1 edition (October 31, 2014) ISBN-10: 9780071849449 So, what is the story to date? Since October 31st, 2014--that is to say, out-of-sample-- has i...
by rossington
Mon Aug 10, 2020 3:42 am
Forum: Personal Investments
Topic: Newly retired seeking an investment & cash flow plan
Replies: 18
Views: 1996

Re: Newly retired seeking an investment & cash flow plan

Hello everyone. I am new here. I've done a lot of reading, thinking and spinning around in circles. I chronically second-guess myself which is why I'm seeking your input. So grateful for a forum like this. My spouse and I retired in September 2019 at ages 57 and 61. In order to do so, we downsized ...
by rossington
Sun Aug 09, 2020 2:50 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

There are really only two things that trigger UBTI; one is a positive number in Box 1 of the K1 and the other is recapture upon sale. Distributions are not considered UBTI. Unfortunately, the Investopedia article cited is incorrect. In a taxable account, distributions received after basis is below ...
by rossington
Sat Aug 08, 2020 12:54 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

The investopedia article is mixing up the MLP cash distributions with the taxable income based on its verbiage.... However, this is still risky because 1) eventually the partner's basis will be reduced significantly due to passive and at-risk loss limitation rules, so the income shielding will flip...
by rossington
Sat Aug 08, 2020 4:32 am
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

My MLP has a high % payout; but since I only bought about $1000 worth, to start (now worth about 2k -- luck, just happened to buy while it was down) will give about $150-$200 per year in dividends. This is in my IRA Roth. Do I need to worry about K1's at all. What about when I sell the stock. Will ...
by rossington
Fri Aug 07, 2020 1:02 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

My MLP has a high % payout; but since I only bought about $1000 worth, to start (now worth about 2k -- luck, just happened to buy while it was down) will give about $150-$200 per year in dividends. This is in my IRA Roth. Do I need to worry about K1's at all. What about when I sell the stock. Will ...
by rossington
Fri Aug 07, 2020 2:57 am
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

Are you familiar with the recapture process? If not, you need to be since the calculation of gain/loss when you sell is different from assets such as common stock. I'm not too familiar with recapture. Do I understand correctly that the non-taxed portions of the distributions I receive actually incr...
by rossington
Thu Aug 06, 2020 4:18 am
Forum: Investing - Theory, News & General
Topic: Malkiel: Preferred and High-Dividend Stocks are "Bond Substitutes"
Replies: 36
Views: 2969

Re: Malkiel: Preferred and High-Dividend Stocks are "Bond Substitutes"

I listened to Morningstar's podcast "The Long View" today, and Burton Malkiel was the guest. Malkiel stated that, given today's low-interest-rate environment, people should invest part of their current bond allocation in what he calls "bond substitutes" -- preferred stocks and high-dividend paying ...
by rossington
Thu Aug 06, 2020 3:51 am
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2517

Re: Master Limited Partnerships (MLPs) and taxes

Just as another example of the complications you get into with MLPs. USAC is seen as a pretty good business for now. ET owns a good size chunk of USAC so you already own some through your ownership of ET. I don't know what has happened since, but in 2018 when ET contributed some compression assets ...
by rossington
Wed Aug 05, 2020 3:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11597

Re: Vanguard "sunsetting" CFP consultations

I often wondered why Vanguard is pushing their customers to the brokerage platform. Pretty much it is outsourcing a lot of the record keeping to the brokerage and the sending out of statements. Also the ETF structure is easier for investment firms to deal with instead of in house mutual funds. The ...
by rossington
Wed Aug 05, 2020 3:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11597

Re: Vanguard "sunsetting" CFP consultations

nisiprius wrote: Tue Aug 04, 2020 9:18 am
But abrupt and unexplained discontinuation of long-existing things is different.
Why? The world has changed. If services cost too much to provide why not discontinue them?
Addressing the OP directly: Does one actually need to adhere to CFP advice from any investment firm anyway??
by rossington
Wed Aug 05, 2020 3:10 am
Forum: Investing - Theory, News & General
Topic: "Beware the Hype on Gold"
Replies: 170
Views: 12704

Re: "Beware the Hype on Gold"

No matter how one looks at it... gold has value, whether or not that value is worth it to you is a matter of personal preference and ideology.
by rossington
Wed Aug 05, 2020 3:01 am
Forum: Investing - Theory, News & General
Topic: Money Market Funds and Bank Accounts
Replies: 8
Views: 1140

Re: Money Market Funds and Bank Accounts

Or one needs to ask themselves is a TSM investment ultimately the better choice at this point in time of being boxed into low yields?