Search found 1589 matches

by patrick
Fri Sep 14, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: New Light bulbs
Replies: 19
Views: 1718

Re: New Light bulbs

Dollar Tree LED bulbs seem good enough to me -- I've had one more than a year and it still works.
by patrick
Mon Sep 10, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1043
Views: 79904

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

The US has 2 technology companies that are worth 1 trillion dollars. China has 2 companies that are worth about 500 billion dollars. Europe’s largest technology company (Spotify) is worth about 20 billion dollars. Why is it that Europe isn’t growing technology companies at the same rate as other pa...
by patrick
Wed Sep 05, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Zero free funds vs more diversified Fidelity index funds. Pay nothing or pay to get slightly more diversified?
Replies: 8
Views: 959

Re: Fidelity Zero free funds vs more diversified Fidelity index funds. Pay nothing or pay to get slightly more diversifi

For the US fund, I doubt it would make much difference. The minimum market cap to get in the Fidelity Zero fund's index (as stated in the prospectus) is only $75 million -- even if 2000 such companies are excluded their market cap would total less than $150 billion which is less than 1% of the total...
by patrick
Tue Sep 04, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1043
Views: 79904

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

You raise a good point. I think your inquiry against my logic is really, what does this trade barrier issue really mean? I'm not saying diversification is bad. I'm not saying that it's better to invest in one thing than many other things. I'm saying that the foundation of market efficiency depends ...
by patrick
Sat Sep 01, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5039

Re: $200 cash bonus offer from Citi

I managed to get $2425 in bank account opening bonuses in 2017 and $1750 so far this year. I haven't run into any major downsides, but you do need to be sure to understand the rules for each offer. In the case of the Citi offers particularly, note that they tend to allow the bank to wait up to 90 da...
by patrick
Thu Aug 30, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash/emergency fund
Replies: 36
Views: 3445

Re: What to do with cash/emergency fund

We are playing the game of high interest checking accounts. With Consumers Credit union, it's 4.59% on up to $20,000, but there are things you will need to do. If you don't have a problem meeting those requirements, then I would recommend it (https://www.myconsumers.org/personal/checking) Another o...
by patrick
Wed Aug 29, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra Short Term Bond ETF ?
Replies: 32
Views: 2151

Re: Ultra Short Term Bond ETF ?

You can get 2.25% on FDIC insured savings accounts.
by patrick
Wed Aug 22, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds
Replies: 59
Views: 6886

Re: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds

It seems unlikely that all the prices would happen to be at the extreme edges of the possible ranges to explain the whole difference with rounding error. I'd agree that we can't really decide on these numbers though, but would be more likely to assume the differences are startup issues for a new fund.
by patrick
Sun Aug 19, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13627

Re: Remind me (again) how real estate isn't a GREAT investment?

Here's a simple question for you: If a 60 year old withdraws $250K from a Roth IRA in one year, are you willing to admit that there would be no tax and no penalty on the withdrawal? 1) From what I have observed, this is the order of dollar amounts (highest to lowest) in the TYPICAL index fund portf...
by patrick
Sun Aug 19, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13627

Re: Remind me (again) how real estate isn't a GREAT investment?

Nope. The only way to avoid taxes and penalties with index funds is to decide to live a life of scarcity and poverty. I have read the same blogs and guides that you have. You fill in the 0-15% income brackets. Which is another way of saying, have less income and be less wealthy. See here: https://w...
by patrick
Sun Aug 19, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13627

Re: Remind me (again) how real estate isn't a GREAT investment?

No. If I tried utilizing my TSP balance today I would pay a 10 or 20% withdrawal penalty (I'm not over 65) and a 25% tax on traditional assets. Truly a (quality of) life-deferral plan. In a taxable account you have to pay 15-38% taxes. It's a mediocre investment for tax consideration purposes. The ...
by patrick
Sat Aug 18, 2018 8:58 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13627

Re: Remind me (again) how real estate isn't a GREAT investment?

No. If I tried utilizing my TSP balance today I would pay a 10 or 20% withdrawal penalty (I'm not over 65) and a 25% tax on traditional assets. Truly a (quality of) life-deferral plan. In a taxable account you have to pay 15-38% taxes. It's a mediocre investment for tax consideration purposes. The ...
by patrick
Thu Aug 16, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5413

Re: Enough. How do I invest in Australia.

The Credit Suisse yearbook has some brief ideas about what made Australia do well (see page 38 of http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AE3E00B9-91E2-D1FA-6C18765D3A968D73) but I doubt they really know why. You'll probably have to look in their associated sourceboo...
by patrick
Thu Aug 16, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1043
Views: 79904

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Australian stocks have dramatically outperformed US stocks over the period from 1900 to present. That's much longer term than a mere 30 years! Since including US stocks would have dragged down returns compared to an all-Australia portfolio, why are we still considering investing in the US when the ...
by patrick
Thu Aug 16, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1043
Views: 79904

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

So now one of the arguments for international is that the US dollar might collapse, while the rest of the world hums along....surely no one actually believes that. Folks are working hard to find some reason to hold ex-US... The normal Boglehead argument that it does well if you keep it for the long...
by patrick
Wed Aug 15, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1043
Views: 79904

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Australian stocks have dramatically outperformed US stocks over the period from 1900 to present. That's much longer term than a mere 30 years! Since including US stocks would have dragged down returns compared to an all-Australia portfolio, why are we still considering investing in the US when the l...
by patrick
Fri Aug 10, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10564

Re: The Bigger Story: Fidelity Expense Ratios

When that time arrives, someone else will be making the investment decisions. Will they also be sharp Bogleheads who are aware of the pitfalls of expensive investment products? Or, will they be gullible novices who will believe the friendly "advisor who only wants to help them". When this happens, ...
by patrick
Fri Aug 10, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest after 401k is full
Replies: 16
Views: 2009

Re: Where to invest after 401k is full

You might want to check if the 401k allows non-Roth after tax contributions. If so, you may be able to put quite a bit more than the usual in the 401k.
by patrick
Wed Aug 08, 2018 7:56 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 69068

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

How do you know the Investor shares shareholders are subsidizing the Admiral shares investors, if you don’t know how many of each there are and the typical costs associated with each type of account? The overall ER of the Vanguard Total Stock Market Index Fund for all classes is 0.053%. Investors i...
by patrick
Mon Aug 06, 2018 6:16 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 69068

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

From WCI's post: 1. Vanguard has the largest index funds, thus they benefit the most from economies of scale. 2. Vanguard operates at cost. 3. Therefore, an index fund that charges less than Vanguard is operating at less than cost. Thus, it is a money loser. (And no, I don’t buy the argument that F...
by patrick
Mon Aug 06, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 69068

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

The Vanguard CIO did respond . (see bloomberg link) What drk is saying is that responding in-kind means slashing Vanguard expense ratios to zero. That is unlikely to happen, for now anyway. Vanguard responding in kind doesn't mean slashing existing Vanguard ERs to zero. Vanguard responding in kind ...
by patrick
Sun Aug 05, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Are Tencent, Alibaba, etc in international funds?
Replies: 9
Views: 845

Re: Are Tencent, Alibaba, etc in international funds?

Schwb includes these stocks in their emerging markets ETF.
by patrick
Sun Aug 05, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Are Tencent, Alibaba, etc in international funds?
Replies: 9
Views: 845

Re: Are Tencent, Alibaba, etc in international funds?

I currently see Tencent at #2 and Alibaba at #5n the VXUS holdings on the Vanguard web site. FTSE used to exclude Chinese stocks listed only in the US from their emerging markets and ex-US indexes but this was recently changed.
by patrick
Mon Jul 30, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2119

Re: Credit Card Pay Down Question

They need to be working on their credit score. Something else is happening for them to get that high of rate - of course maybe they were late on a few payments, that could do it. We moved ours over to 0% transfer offers but they probably don't have that choice. Not necessarily ... I have a good cre...
by patrick
Mon Jul 30, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 2119

Re: Credit Card Pay Down Question

You can withdraw the basis in the Roth IRA whenever you feel like it without tax or penalty. There is still the issue of losing tax advantaged space though, so I'd think it's better to find a 0 APR balance transfer card.
by patrick
Sat Jul 28, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: FRS (Florida Retirement System) question
Replies: 13
Views: 1415

Re: FRS (Florida Retirement System) question

Hello all...my wife has just taken a job at our children’s school. It is not a very high paying job, but our 2 children (4 & 7) are currently enrolled at the school and she will still have summers off to spend with them. She is entering the work field again after take a 5 year leave from the medica...
by patrick
Sat Jul 28, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: FRS (Florida Retirement System) question
Replies: 13
Views: 1415

Re: FRS (Florida Retirement System) question

The FRS is top 3 in the country for a pension plan. By what criteria? According to https://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/ it isn't in the top 3 in funding ratios, and it doesn't seem to be among those with the highest benefits according to http://www.in.gov/legislativ...
by patrick
Fri Jul 27, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: FRS (Florida Retirement System) question
Replies: 13
Views: 1415

Re: FRS (Florida Retirement System) question

The FRS is top 3 in the country for a pension plan. By what criteria? According to https://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/ it isn't in the top 3 in funding ratios, and it doesn't seem to be among those with the highest benefits according to http://www.in.gov/legislativ...
by patrick
Wed Jul 25, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7123

Re: Daughter wants to travel on her own to Montreal

detroitbabu wrote:
Tue Jul 24, 2018 1:36 pm
* Other logistical stuff - phone, language, credit/debit cards etc are things that will be addressed later.
Be careful with the phone -- some plans charge astronomical rates for international roaming.
by patrick
Wed Jul 25, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: owning a home can't be replicated in markets?
Replies: 10
Views: 838

Re: owning a home can't be replicated in markets?

I was playing with my job's retirement calculator and was surprised that I have a pretty good shot at retiring at 55. So of course, I've spent the entire week daydreaming about the possibilities. I want to live overseas at least 6 months a year so owning a house doesn't seem like a good idea. Could...
by patrick
Sat Jul 14, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]
Replies: 14
Views: 774

Re: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]

... 2. There should be no taxes due as a result of selling the money market. Barring catastrophic circumstances, money market funds will always keep a $1.00 per share value so there should not be any capital gains or losses. In theory, yes. In practice, the value does fluctuate. Take a look at the ...
by patrick
Sat Jul 14, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]
Replies: 14
Views: 774

Re: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]

1. You would use "sell" if you want to transfer the money out of Vanguard into your bank account. 2. There should be no taxes due as a result of selling the money market. Barring catastrophic circumstances, money market funds will always keep a $1.00 per share value so there should not be any capita...
by patrick
Fri Jul 13, 2018 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help selecting bond options in 401k
Replies: 5
Views: 483

Re: Help selecting bond options in 401k

According to the PIMCO website, the PTTRX fund currently has 17.22% in emerging markets, and thus perhaps more risk than a "plain" bond fund. I also see negative 17.62% in "Non-USD Developed" though I'm not sure if that means they are shorting the bonds themselves, or instead shorting the currencies...
by patrick
Sun Jul 08, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with my 401k allocation at my second job
Replies: 12
Views: 922

Re: Please help with my 401k allocation at my second job

If the recordkeeping fee on the 401k is a fixed annual amount, you'll pay the same for it whether you have $1,019.93 or $101,993 in the plan. Since you've already opened the 401k it seems like a good idea to use it more since some of its fund expense ratios are very low (of course this wouldn't appl...
by patrick
Sun Jul 01, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 63
Views: 7321

Re: Insight Card (APY 5%) full personal review

enterobacter wrote:
Sun Jul 01, 2018 12:20 pm
Anyone having issues with Insight login? I also tried updating passwords, and it still won't log in. Also, there's no direct customer service rep through the phone lines today (hoping it's because it's the weekend).
I have the same problem.
by patrick
Sun Jul 01, 2018 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Can an employee purchase a pre-tax transit pass for spouse?
Replies: 11
Views: 1242

Re: Can an employee purchase a pre-tax transit pass for spouse?

Not an ironclad answer, but note that both the parking and commuter highway vehicle benefits have explicit restrictions on where they can be used, while similar restrictions are noticeably absent for the transit benefit.
by patrick
Tue Jun 26, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Travel hacking for frequent international flights: Chase Sapphire preferred or any other card?
Replies: 22
Views: 3134

Re: Travel hacking for frequent international flights: Chase Sapphire preferred or any other card?

Hardcore travel hacking would involve repeatedly opening up new cards for the signup bonuses. If you are planning to stick with one card you'd need to calculate the amount of points you expect, along with their value, to see if it is worth it. One alternative might be the Uber card, which has no ann...
by patrick
Fri Jun 22, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 11158

Re: I-bonds look pretty bad right now

The haters are either comparing to what they “wish” iBonds provided, or to nominal instruments. It appears they either do not understand or do not value the insurance against the tail risk of unexpected inflation. TIPS may be a more suitable comparison. Against TIPS, I believe iBonds compare favora...
by patrick
Wed Jun 20, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Why is Mr. Bogle so against investing internationally?
Replies: 24
Views: 3067

Re: Why is Mr. Bogle so against investing internationally?

a) He doesn't think international stocks are necessary . He thinks it is perfectly reasonable to be 100% US. What does it mean for a particular asset class to be necessary? Are large cap stocks necessary? I can make the case that they aren't. Small cap stocks are highly correlated to large cap stoc...
by patrick
Sat Jun 16, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Approximating total stock market
Replies: 22
Views: 2061

Re: Approximating total stock market

The definitions of large, mid, and small cap are somewhat fuzzy. For instance, according to Morningstar's analysis, a significant portion of Vanguard's mid cap fund actually consists of large caps. Accordingly, the ratio listed ends up matching (approximately) the characteristics of the total stock ...
by patrick
Sun Jun 03, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 11622

Re: Why have a savings account at all?

An emergency fund is a form of insurance. Insurance that we do not have to spend money that is already invested, possibly taking on additional expenses in the form of creating a taxable event at an inopportune time or selling an asset while it is down in value and permanently losing the opportunity...
by patrick
Sat May 26, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Mango card hacked and drained! Help!
Replies: 7
Views: 1911

Re: Mango card hacked and drained! Help!

My mango card was hacked and drained of funds! When I dial the CSR number I am in an endless series of holds. Not sure what the next step should be. I think the first question is will mango money make me whole? Or will I just get screwed? It’s technically a debit card so I suppose that I don’t have...
by patrick
Sat May 26, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 50
Views: 5951

Re: Credit card question - get Uber's new 4%er?

Seems rather strange to call it the Uber card when it is best used for restaurants...
by patrick
Fri May 11, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.80%]
Replies: 220
Views: 35735

Re: Ally online savings now at 1.60%

With Popular Direct at 2% I don't see why these 1.6% accounts are so popular.
by patrick
Thu May 10, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Citi bank bonus offer: any recent experience?
Replies: 8
Views: 1562

Re: Citi bank bonus offer: any recent experience?

I got their $300 checking bonus last year without any problems. I don't have any specific suggestions beyond a basic reminder to pay attention to all the requirements for the bonus, as well as what you have to do to prevent monthly fees. If you decide to go for a Chase bonus next, be warned that Cha...
by patrick
Thu May 03, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Swollen Emergency Fund....What now?
Replies: 43
Views: 3570

Re: Swollen Emergency Fund....What now?

If you are going to keep a lot of money in cash you might as well get the best interest. See https://www.doctorofcredit.com/high-interest-savings-to-get/ for an extensive list of high interest options. Some highlights: You can get 2% on a plain savings account from Popular Direct. You can get 5% (on...
by patrick
Thu Apr 26, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 4712

Re: Is my computer obsolete?

vs. There are actually three semi-related bugs here: Spectre is variants 1 and 2; then there’s variant 3, which researchers dubbed Meltdown. Variant 1 (Spectre) is arguably the most difficult of them all to fix, and as such Intel doesn’t have a hardware solution for it yet. Link - https://techcrunc...
by patrick
Thu Apr 26, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 4712

Re: Is my computer obsolete?

Windows 10 is more secure than Windows 7, but neither it nor up to date anti-malware will protect you from hardware exploits. The big problem with hardware that is more than five years old is security - not performance. One issue with old hardware is that hardware manufacturers only patch their new...
by patrick
Wed Apr 25, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 4712

Re: Is my computer obsolete?

I don't think it's obsolete. Most PC specs haven't improved much lately. If you were to buy a new laptop from Dell at the Core i5 level today, you'd get a Core i5-7200U which (according to cpubenchmark.net) is only about 36% faster than your old processor. There are plenty of slower PCs sold today. ...
by patrick
Fri Apr 20, 2018 1:36 am
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 4205

Re: Lack of FDIC Insurance a big deal?

At one point, IIRC, the cap was 5-1/2% for commercial banks, 5-3/4% for S&L's, and 6% for credit unions. Unable to compete on interest rates, banks competed on account-opening gifts, and bank lobbies were crowded with huge pyramid-like piles of bathroom scales (at the bottom), clock-radios (in the ...