Search found 193 matches

by L82GAME
Tue Jun 02, 2020 6:29 pm
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 105
Views: 5275

Re: Does every one here only have 3 funds in their portfolios?

I just placed sell orders for all the mutual funds & ETFs that are not total stock / bond / international markets index funds. I understand that this is Bogleheads and that this is also deeply personal but is the 3 fund portfolio the norm here? I don't intend to offend anyone. We've been with this ...
by L82GAME
Tue Jun 02, 2020 9:08 am
Forum: Personal Investments
Topic: Total Bond Market Index (or VAIPX) for short term cash needs?
Replies: 14
Views: 1432

Re: Total Bond Market Index (or VAIPX) for short term cash needs?

Money market is the correct pick. The best case isn't amazing for either other option, and worst case if rates rebound could be pretty bad. +1. The timeline of need (i.e., within one year) is misaligned with the bond fund’s duration relative to its price risk per Noobvestor’s comment about rates.
by L82GAME
Sun May 31, 2020 5:28 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

You haven't given us your specific objectives for this money or what it's doing in your overall portfolio, so we can't really say anything else. I offered up that if this is intended to be an emergency fund, it would be more appropriately invested in assets with a duration of one year or less. My a...
by L82GAME
Sun May 31, 2020 3:58 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

You haven't given us your specific objectives for this money or what it's doing in your overall portfolio, so we can't really say anything else. I offered up that if this is intended to be an emergency fund, it would be more appropriately invested in assets with a duration of one year or less. My a...
by L82GAME
Sun May 31, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

Duration has no bearing whatever on when you should sell a bond fund. Thanks for the reply. The above sentence doesn't make sense to me. If I own a bond fund with a five year duration, and interest rates rise by one percent shortly after I buy it, I will lose money if I sell shortly after the purch...
by L82GAME
Sun May 31, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

I have a question about duration and the use of money in a bond fund. How absolute is the rule that one should match duration to their investment time horizon? For instance, I own FUMBX (Fidelity Short-Term Treasury Index Fund) which is a duration of 2.6 years. Does that mean I shouldn't touch any ...
by L82GAME
Sun May 31, 2020 2:19 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

I have a question about duration and the use of money in a bond fund. How absolute is the rule that one should match duration to their investment time horizon? For instance, I own FUMBX (Fidelity Short-Term Treasury Index Fund) which is a duration of 2.6 years. Does that mean I shouldn't touch any ...
by L82GAME
Sun May 31, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

Duration is roughly how long it will take the NAV to recover after an interest rate increase. So if there has been no interest rate increase (or, as recently, interest rate decreases) then you can withdraw without NAV losses (or perhaps even with gains). [edit] So feel free to spend it or use it fo...
by L82GAME
Sun May 31, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Duration Question
Replies: 38
Views: 1591

Re: Duration Question

Duration has no bearing whatever on when you should sell a bond fund. Referring back to my first sentence, rather, it's a way of understanding that if you hold on to a bond fund during a period of rising interest rates, there is a reasonable expectation that gradually increasing YIELD from the fund...
by L82GAME
Fri May 29, 2020 10:06 am
Forum: Personal Investments
Topic: Settlement fund Expense ratio
Replies: 4
Views: 466

Re: Settlement fund Expense ratio

New to investing. Correct me if wrong. Currently have brokerage accts wih both VG and Fidelity. VG - settlement fund is VMFXX - vanguard federal money market fund Fidelity - FZFXX - Fidelity® Treasury Money Market Fund At VG all these years the yield was around 1.5% and Expense Ratio was 0.11% , to...
by L82GAME
Thu May 28, 2020 12:31 am
Forum: Personal Investments
Topic: Settlement fund Expense ratio
Replies: 4
Views: 466

Re: Settlement fund Expense ratio

New to investing. Correct me if wrong. Currently have brokerage accts wih both VG and Fidelity. VG - settlement fund is VMFXX - vanguard federal money market fund Fidelity - FZFXX - Fidelity® Treasury Money Market Fund At VG all these years the yield was around 1.5% and Expense Ratio was 0.11% , to...
by L82GAME
Thu May 28, 2020 12:08 am
Forum: Investing - Theory, News & General
Topic: Swedroe’s Bond Advice - no total bond index
Replies: 185
Views: 14119

Re: Swedroe’s Bond Advice - no total bond index

For me it’s simply VAIPX intermediate TIPS and VBILX intermediate bonds minus MBSs. So basically treasuries with some corporates. I'm not sure simply belongs in that sentence :D I'm looking for one fund as part of a 3 fund portfolio. I want simplicity. As in a treasuries fund to consider replacing ...
by L82GAME
Tue May 26, 2020 9:14 pm
Forum: Personal Investments
Topic: Tax exempt munis vs Treasury or both in Taxable
Replies: 8
Views: 874

Re: Tax exempt munis vs Treasury or both in Taxable

Thanks. Ideally I would prefer Treasuries over munis based on the credit risk and how they performed during the 2 most recent crises but since I’m in the highest federal tax bracket I don’t want to make a short term decision for a planned long term hold or make all decisions based on taxes and igno...
by L82GAME
Tue May 26, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8505

Re: Investors: be aware of weakness in 2FA + strengthening

Doesn’t a physical token eliminate the risk associated with phishing attacks? Only U2F security keys, because those provide 2-way validation. If it's just a physical token that spits out codes like an RSA token, then no. Thanks for presenting the distinction; I was referring to Yubikey which I beli...
by L82GAME
Tue May 26, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8505

Re: Investors: be aware of weakness in 2FA + strengthening

The best security for the average person is a password manager that will autofill your credentials only into a matching domain. The password manager allows you to have unique passwords for each site, preventing credential stuffing, and it allows for validation of the domain for which credentials ar...
by L82GAME
Tue May 26, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: Swedroe’s Bond Advice - no total bond index
Replies: 185
Views: 14119

Re: Swedroe’s Bond Advice - no total bond index

I'd love to see Larry square off with Vineviz et al on the duration argument though! He's definitely a short duration advocate, so curious what he'd say about the diversification/portfolio effect of long bonds advocated more frequently by many on the forum. +1! Perhaps a future Bogleheads Conferenc...
by L82GAME
Mon May 25, 2020 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8505

Re: Investors: be aware of weakness in 2FA + strengthening

I switched my 2fa to google voice secured by a google key. I feel this gives the best security aside from completely going to a key system. I have my Google account (including gmail) set up for two methods of 2FA: Google Authenticator is primary, Yubikey is secondary. I do not have an SMS method en...
by L82GAME
Mon May 25, 2020 4:51 am
Forum: Personal Investments
Topic: Convertible bond ETF for less risk with some upside
Replies: 11
Views: 663

Re: Convertible bond ETF for less risk with some upside

I've been thinking of putting some $ into convertible bond ETF's. With all the volatility and potential downside risk, debt should be more stable. If stock start to take off, there's still some upside opportunity due to the convertibility. here's a related article: https://www.barrons.com/articles/...
by L82GAME
Sun May 24, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler: Long Bonds Are for Fools
Replies: 346
Views: 17981

Re: Rekenthaler: Long Bonds Are for Fools

I've been taking a vacation from this thread for awhile and now that I'm back, I see we're still debating whether "interest rate risk" is absolute or relative. I'm in the camp that interest rate risk is an absolute characteristic of bonds and not contingent on who owns those bonds. Saying that inte...
by L82GAME
Sun May 24, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8505

Re: Investors: be aware of weakness in 2FA + strengthening

From what I have read, it is more difficult to SIM swap Verizon phones vs other phones. I'm not sure how true it is, but they say that the network verifies the IMEI of your phone with their records, which makes SIM swapping harder. Source: https://www.vice.com/en_us/article/kz438w/verizon-makes-sim...
by L82GAME
Sat May 23, 2020 2:30 pm
Forum: Personal Consumer Issues
Topic: Getting started with Dashlane
Replies: 43
Views: 2077

Re: Getting started with Dashlane

So what reason(s) would someone buy the Dashlane Manager program when ALL Password Manager programs require that you do the exact same thing as Dashlane? One thing that I can think of is that if you change/update a password with Dashlane it will "manage" (change) the password in all the appropriate...
by L82GAME
Thu May 21, 2020 10:47 am
Forum: Personal Consumer Issues
Topic: Getting started with Dashlane
Replies: 43
Views: 2077

Re: Generating a password with Dashlane for a Website that you already have created a password with

Hi guys, so if I understand this correctly, you can manage passwords that are/were generated by Dashline within the Dashlane program but you need to physically sign-in to each of the websites that you currently have a Password for and manually change the password on the Website to the password that...
by L82GAME
Sun May 17, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Anyone have experience with Yieldstreet?
Replies: 8
Views: 510

Re: Anyone have experience with Yieldstreet?

Johnbirdwatcher wrote:
Sun May 17, 2020 12:32 pm
Specifically curious about their new Yieldstreet Prism Fund. Does it raise any red flags that they removed the accreditation requirements to invest in this one?
7% is a killing these days.. bad idea?
Read, “Devil Take the Hindmost: A History Of Financial Speculation“ by Edward Chancellor.
by L82GAME
Sun May 17, 2020 4:49 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3733

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

Welcome to the forum :) . Hello! Is there a recommend method for saving/"storing" $6,000 over the course of each year for the purpose of maxing out a Roth IRA contribution at the start of each new year? My initial thought is to gradually over-fund an emergency fund by $6,000, and then transfer it t...
by L82GAME
Sun May 17, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Appreciating the magnitude of Sequence of Returns immediately after retirement
Replies: 115
Views: 5879

Re: Appreciating the magnitude of Sequence of Returns immediately after retirement

But does A) assume no RMDs? This thread seems to imply an underlying assumption that one’s portfolio would not yet be subject to RMDs. I’m asking, not poking; just trying to learn. Thank you. L82GAME, Why does RMD matter? Just because you need to move the money out of the retirement accounts, it do...
by L82GAME
Sun May 17, 2020 11:54 am
Forum: Personal Investments
Topic: Municipal bonds - concerns?
Replies: 31
Views: 2482

Re: Municipal bonds - concerns?

Echoing/summarizing others’ comments here:
  • Credit risk, depending
  • Price risk (e.g., callable, sinking fund provision?)
  • Event risk
  • Liquidity risk
  • Pricing asymmetry
Ownership of individual municipal debt securities is a tricky business. Default instead to a MF.
by L82GAME
Sun May 17, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: Appreciating the magnitude of Sequence of Returns immediately after retirement
Replies: 115
Views: 5879

Re: Appreciating the magnitude of Sequence of Returns immediately after retirement

2. Building up large cash reserve limits need for withdrawals during bad markets. If you read the preceding thread (link in OP) you will see that this is not correct with regard to SOR. My original examples did not specify an AA. It doesn't matter that you are withdrawing cash, if you are withdrawi...
by L82GAME
Sat May 16, 2020 10:16 am
Forum: Personal Consumer Issues
Topic: Getting started with Dashlane
Replies: 43
Views: 2077

Re: Getting started with Dashlane

Hello, I plan to use Dashlane on my W10 computer AND on my phone and believe that I download the Dashlane my computer, create a private/personalized password and then import my passwords (from W10) to Dashlane. Being that I will purchase Dashlane because my passwords are not very secure and/or I ha...
by L82GAME
Sat May 16, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler: Long Bonds Are for Fools
Replies: 346
Views: 17981

Re: Rekenthaler: Long Bonds Are for Fools

The issue I have, and I don't think I'm alone, is that Rekenthaler is making a claim that those two rationales - noneconomic reasons (whatever that is) and speculative trading - are the ONLY two possible rationales. He ignores the most important rational, IMHO, which is that long-term bonds are the...
by L82GAME
Sat May 16, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler: Long Bonds Are for Fools
Replies: 346
Views: 17981

Re: Rekenthaler: Long Bonds Are for Fools

Rather, I think Rekenthaler attempts to clarify the risks associated with such investments relative to one's investment strategy, and that they don't suit his personal strategy, nor do they suit a profit-generation strategy, "This column wasn’t written to dissuade long-Treasury investors. Its inten...
by L82GAME
Sat May 16, 2020 7:16 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler: Long Bonds Are for Fools
Replies: 346
Views: 17981

Re: Rekenthaler: Long Bonds Are for Fools

This is an interesting post, thank you. I'm still learning (aren't we all?), but there are several themes raised in this thread that I'd like to address, question and learn from. First, I think the thrust of Rekenthaler's article is not that long-term treasuries are necessarily a poor investment whe...
by L82GAME
Fri May 15, 2020 6:57 am
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 140
Views: 16604

Re: Still using total bond market?

I still have a total bond in my employer 401k. It's not a Vanguard product but similar from a competitor. I think about it every day. I rebalanced out of a large percentage during our last drop, small percentages at a time, during March and April, into a more aggressive Russell 1000/2000 index fund...
by L82GAME
Sun May 10, 2020 12:37 pm
Forum: Personal Investments
Topic: getting started questions
Replies: 7
Views: 510

Re: getting started questions

Hello—“newbie” here! ... Many thanks for any advice! Welcome to the forum. Due to the extreme popularity of VTI and the small bid/ask spread it would be considered to have low market liquidity risk. Mutual fund shares don't actually face this issue (market liquidity risk) because they are not sold ...
by L82GAME
Sun May 10, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: Event-Driven Bear Markets in U.S. History, 1835-2020
Replies: 26
Views: 2648

Re: Event-Driven Bear Markets in U.S. History, 1835-2020

Thank you, SimpleGift. I always appreciate your posts.

Much to consider, many variables to contemplate, but until there’s a vaccine it’s difficult to imagine a substantive recovery RE: service sector and other face-to-face jobs losses.
by L82GAME
Sun May 10, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard May 7 Webcast
Replies: 19
Views: 1830

Re: Vanguard May 7 Webcast

This seems reasonable given the revaluation of the equities market. Previous forecasts were projected from a 10 year bull market run and probably discounted projected earnings, as a result. COVID-19, while an exogenous factor, has “helped” the market revert to a more historical mean. John Bogle desc...
by L82GAME
Sat May 09, 2020 9:23 pm
Forum: Forum Issues and Administration
Topic: Thank you, moderators!
Replies: 46
Views: 2681

Re: Thank you, moderators!

Hear, hear!
by L82GAME
Sat May 09, 2020 3:57 pm
Forum: Personal Investments
Topic: Investment advice
Replies: 8
Views: 618

Re: Investment advice

That's the problem for me, Malkiel didn't mention an alternative. I have some VBILX also and some VFSUX AND VTABX. I am thinking on going to only one or two bond funds. It's just that Malkiels remark caused me some concern and I was hoping for some guidance from the Bogleheads Thanks for the commen...
by L82GAME
Sat May 09, 2020 11:25 am
Forum: Personal Investments
Topic: Investment advice
Replies: 8
Views: 618

Re: Investment advice

Last month I read an interview with Burton Malkiel wherein he said "I worry about Vanguard Total Bond Index which consists of two-thirds government credit yielding close to zero". Does anyone have an opinion on this? Save more. Low bond yields mean that everything, including stocks, will likely hav...
by L82GAME
Mon May 04, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Share your Re-Balancing Strategy
Replies: 25
Views: 1681

Re: Share your Re-Balancing Strategy

I’ve struggled with this since March, as well. As a result, we’ve modified our IPS to allow for more flexibility during volatile bear markets using “Daryanani bands”, and during bull markets by focusing on not breaching our upper bands. Otherwise, it’d be a once per year process. I’m also buying st...
by L82GAME
Sun May 03, 2020 4:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5059

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

Good for Vanguard. :beer 2FA isn't "minimal" extra security, properly implemented it eliminates phishing attacks: https://security.googleblog.com/2019/05/new-research-how-effective-is-basic.html Now if Vanguard will just let customers use *only* Yubikeys without the phone fallback. I read an articl...
by L82GAME
Sun May 03, 2020 4:08 pm
Forum: Investing - Theory, News & General
Topic: Share your Re-Balancing Strategy
Replies: 25
Views: 1681

Re: Share your Re-Balancing Strategy

Hello Bogleheads I am reviewing my IPS and the section on re-balancing has always been a weak spot in terms of my understanding of best practices. I realize re-balancing too often is detrimental (plus, I prefer less tinkering overall). However, the rigidity of a fixed schedule (e.g. once per year) ...
by L82GAME
Sat May 02, 2020 6:45 pm
Forum: Personal Investments
Topic: Money manager, is it worth it ? 1M to invest.
Replies: 21
Views: 2321

Re: Money manager, is it worth it ? 1M to invest.

Hello all, In my pursuit for financial planing i reached out to a fee only financial advisor who also manages money. Initially i signed up for the financial advising service with a fee of $3,000. I am now considering having my assets managed by the financial advisor. Here are the services which are...
by L82GAME
Sat May 02, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: [Berkshire Hathaway Annual Shareholder meeting]
Replies: 49
Views: 3767

Re: Berkshire Hathaway Annual Shareholder meeting

Sure looks like he is betting against the markets... April: Purchases: 426M Sales: 6,509M Not sure that’s a fair characterization of his presentation. Granted, we don’t have the details, but he was careful to state that due to exogenous circumstances, recent purchases in a sector of stocks required...
by L82GAME
Sun Apr 19, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing strategy during a market drawdown
Replies: 58
Views: 4006

Re: Rebalancing strategy during a market drawdown

Well, after waiting and rebalancing when I was down to 65/35 in March, I am now up to 75/25 (in my taxable account, which I treat alone from my others — the retirement accounts are in things like Target Date funds which auto rebalance). According to my IPS I have 5% bands around 70/30. I should now...
by L82GAME
Fri Apr 17, 2020 5:55 pm
Forum: Investing - Theory, News & General
Topic: Crisis Lessons (My list)
Replies: 50
Views: 4467

Re: Crisis Lessons (My list)

1) EF; Cash is King (buck the “it’s all fungible” trend)
2) Minimal to no debt (i.e., mortgage is only debt)
3) No mortgage is a new aspirational goal
4) Follow the lodestar of an IPS
4a) Staying the course takes resolve
by L82GAME
Sun Apr 12, 2020 1:39 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund - part of Asset Allocation?
Replies: 93
Views: 3116

Re: Emergency Fund - part of Asset Allocation?

There are many posts currently on the forum related to “firewalled” EFs vs an “it’s all fungible” approach to emergency resources. I wonder if the latter construct is a reaction by those who feel a FOMO on potential premium rates of return vs the relatively subdued returns on cash holdings these days.
by L82GAME
Sun Apr 12, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Does anybody have an IPS that says 'I will sell all equities when X happens'?
Replies: 92
Views: 4038

Re: Does anybody have an IPS that says 'I will sell all equities when X happens'?

Does anybody have an IPS that says 'I will sell all equities when X happens'? If so, what is that 'X' that is written into your Investment Policy Statement (IPS)? I do not have such an IPS myself. How about a variation such as 'I will sell 80% of portfolio equities when X happens'? Absent a planned...
by L82GAME
Sat Apr 11, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund/plan in reality
Replies: 11
Views: 718

Re: Emergency fund/plan in reality

Hi Triple Digit Golfer: Yes, I would replenish the EF first prior to further retirement investing. Maybe, assuming a Taxable Account that’s tax efficient and stuffed with enough assets to weather a significant market downturn. Then cap gains or TLH could be realized depending on the market situation...
by L82GAME
Sat Apr 11, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund/plan in reality
Replies: 11
Views: 718

Re: Emergency fund/plan in reality

Moderators: Feel free to move this to the other emergency fund thread ("If you have a sizable portfolio, you don't need an emergency fund") There are several schools of thoughts regarding emergency funds/plans. Let's assume unemployment as our emergency scenario. 1. Have a separate dedicated emerge...
by L82GAME
Tue Apr 07, 2020 12:39 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11025

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

1) Revised IPS and have not sold any equities 2) Will sock away stimulus payment into EF 3) Supporting local businesses and charities (e.g., purchasing from small local grocer, donation to food shelf, pre-paying annual pledge to our church, maintaining workouts and payments to trainer despite closur...