Search found 711 matches

by William Million
Fri Jan 22, 2021 4:42 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard?
Replies: 37
Views: 2417

Re: Why Vanguard?

I am not sure how I benefit from Vanguard's ownership structure. Basically, every alternative low cost option listed as better than Vanguard in this thread would not have existed if not for Vanguard, Bogle, and Vanguards ownership structure. That’s how you benefitted. Emphasis on past tense. In oth...
by William Million
Fri Jan 22, 2021 4:37 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard?
Replies: 37
Views: 2417

Re: Why Vanguard?

Vanguard worth it for fixed income funds. No other firm beats 'em in range and cost. However, Vanguard worst of lot as broker, for customer service. Interface a joke. For that reason, a Vanguard account for fixed income and another firm like Fidelity, Ally, Merrill Edge, etc for stock ETFs (or stock...
by William Million
Mon Jan 18, 2021 6:12 am
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 168
Views: 15803

Re: who do you bank with and why?

Schwab, due to no foreign withdrawal fees.

Ally and Citi for high interest rates to park sums of money.

I keep too much in Schwab, which does not pay interest. I will transfer more aggressively out of Schwab as rates rise.
by William Million
Sun Jan 17, 2021 1:42 am
Forum: Personal Finance (Not Investing)
Topic: How to view Austin-suburb housing market?
Replies: 89
Views: 6643

Re: How to view Austin-suburb housing market?

Austin is a nice city, but I'd fear prices are getting too far ahead of it's really worth living there. If you have a job there, then of course that's where you need to live. However, Austin is not a significantly better city than several others in TX and throughout the South. For those prices (incl...
by William Million
Wed Jan 13, 2021 5:34 am
Forum: Personal Investments
Topic: Park 300k
Replies: 15
Views: 1466

Re: Park 300k

Gonna be hard to beat .5% interest on safe savings account. Citi is offering an incentive to open an account that might be worth it. You'd get $1,500 for a $200,000 deposit for 60 days.
by William Million
Wed Jan 13, 2021 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Got a job offer for $840k/yr. Should I come out of retirement?
Replies: 211
Views: 22561

Re: Got a job offer for $840k/yr. Should I come out of retirement?

Can't see any harm in working for a short while and just quitting when you get the urge. Best way to work

I suspect if you don't take these offers, at some point you won't have the same earning power.
by William Million
Thu Dec 31, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: bogleheads on Reddit
Replies: 57
Views: 6219

Re: bogleheads on Reddit

I think the moderation here is too tight by a good amount and I will occasionally go elsewhere especially when it's related to health such as medical insurance. But I have to give credit where due. The moderation is consistent and I like that a lot. The lack of politics is a big plus too. Thanks fo...
by William Million
Thu Dec 31, 2020 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: bogleheads on Reddit
Replies: 57
Views: 6219

Re: bogleheads on Reddit

Reddit without moderation. However, given the quirks and biases of the gatekeepers here, many of us find that preferable.
by William Million
Sun Dec 20, 2020 11:40 am
Forum: Investing - Theory, News & General
Topic: Considering Investing in Value Only - Thoughts
Replies: 114
Views: 6969

Re: Considering Investing in Value Only - Thoughts

As others have said, doing nothing with your portfolio is an excellent choice. However, if you want to make some adjustments, I would simply move toward international, as others have mentioned. Growth, and esp tech, have propelled the US market way beyond its previous share of world stocks. Rest of ...
by William Million
Sun Dec 20, 2020 11:32 am
Forum: Investing - Theory, News & General
Topic: Five Year TIPS Re-opening Auction TUESDAY 12/22/2020
Replies: 9
Views: 991

Re: Five Year TIPS Re-opening Auction TUESDAY 12/22/2020

Inflation a concern in coming years, but with that kind of yield I prefer dividend stocks that trade within narrow bands (relative to the market).
by William Million
Sat Dec 19, 2020 12:11 pm
Forum: Investing - Theory, News & General
Topic: Is this the hardest investing environment ever?
Replies: 182
Views: 13045

Re: Is this the hardest investing environment ever?

Kind of an irrelevant question to ask.

We won't know the answer until it's too late do anything. Might be a great environment, might be a horrid one.
by William Million
Sat Dec 19, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway (BRK)
Replies: 17
Views: 1647

Re: Berkshire Hathaway (BRK)

My suggestion is as follows: use your "play account" aggressively but don't let it dominate your total portfolio across both individual and retirement equity accounts. Don't be bashful in letting your winners run, but if you are lucky (or smart) enough, don't let an individual stock (e.g,...
by William Million
Mon Dec 07, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: CAPE: A much stronger predictor of stock returns than many think
Replies: 544
Views: 34982

Re: CAPE: A much stronger predictor of stock returns than many think

It's interesting for me that the CAPE Crowd keeps bouncing up on this forum. Clearly, CAPE is not significantly better as a valuation metric than 7-8 others, not to mention PE, PE5, PE8, PE12 (nothing magical about 10). No idea why any investor savvy enough to be a Boglehead would use one metric in ...
by William Million
Sat Nov 28, 2020 11:28 am
Forum: Personal Investments
Topic: International is finally outperforming?
Replies: 70
Views: 7307

Re: International is finally outperforming?

I would expect International to beat US over the next years. These stats are somewhat slippery, but the US economy is only about 22% of the world economy but its stocks comprise 40% of global equity value. One could argue, perhaps, that the US economy is more dynamic than other developed economies, ...
by William Million
Wed Nov 25, 2020 10:15 am
Forum: Personal Consumer Issues
Topic: WSJ Subscription at $4/month
Replies: 29
Views: 2942

Re: WSJ Subscription at $4/month

Honestly, that's a very good deal. I enjoy Barron's. I've been paranoid about not being able to cancel (having heard horror stories), so I use virtual credit cards. By the way, I take a course each semester at my local community college (personal enrichment). That part-time status qualifies me as a ...
by William Million
Mon Nov 23, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: Is it good idea to use Ultrashort Bond Funds for Cash ?
Replies: 35
Views: 4760

Re: Is it good idea to use Ultrashort Bond Funds for Cash ?

If you don't have Citi branches in your state, you can invest in Citi Accelerate Savings Account, currently .7. (If your state has physical Citibank branches, the interest rate is far lower.) I believe Citi can move money fast via wire when you need it. Citi will also pay you $700 to open the accoun...
by William Million
Mon Nov 23, 2020 9:19 am
Forum: Personal Investments
Topic: Where to park 2-3million temporarily?
Replies: 26
Views: 3717

Re: Where to park 2-3million temporarily?

Honestly, it really depends how long you need to park it. If 1 year, then multiple FDIC accounts. If 1 month, then a single money market account paying .7% is fine.
by William Million
Sun Nov 22, 2020 6:50 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19962

Re: Fed up With Flagship

Some on this site don't like criticism of Vanguard.

However, Vanguard is awesome for low-cost funds and ETFs, but horrible for everything else. For brokerage and any more complicated service, any of the other companies - Fidelity, Ally, Edge - is far superior.
by William Million
Sun Nov 22, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio don't own bonds/cash
Replies: 86
Views: 8010

Re: Ray Dalio don't own bonds/cash

I hold 50% FI because it suits my objectives.

I'm retired and draw 4%. If the stock market rises, great. If it drops, I can still draw 4% until the market turns around.

I wish FI paid more but my goal is the 4% SWR, not appreciation from FI.
by William Million
Mon Nov 16, 2020 10:45 pm
Forum: Investing - Theory, News & General
Topic: Starved & Searching for Yield???
Replies: 147
Views: 15219

Re: Starved & Searching for Yield???

As for genuine free lunches, there are a few, but not many. For instance, Citi currently has an offer of a $4,000 bonus for new accounts of $1 million and $2,000 for new accounts of $500,000. You have to keep the $ in Citi for 60 days. That comes to a guaranteed rate of return of over 2%, annualize...
by William Million
Mon Nov 16, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: Starved & Searching for Yield???
Replies: 147
Views: 15219

Re: Starved & Searching for Yield???

As this thread shows, there are not many free lunches when reaching for yield. All the suggestions so far on this thread that might out-yield short duration bonds carry additional risk. If you're comfortable with additional risk in order to get more yield, go for it. As for genuine free lunches, the...
by William Million
Mon Nov 16, 2020 10:10 pm
Forum: Investing - Theory, News & General
Topic: Starved & Searching for Yield???
Replies: 147
Views: 15219

Re: Starved & Searching for Yield???

FineOne wrote: Mon Nov 16, 2020 10:02 pm I would do none of the above. I would buy PSLDX if I wanted higher yield/return.

viewtopic.php?f=10&t=305950
and high risk, high expense ratio
by William Million
Sat Nov 07, 2020 11:04 pm
Forum: Personal Investments
Topic: Good way of taking advantage of High COL real estate/housing market?
Replies: 9
Views: 1425

Re: Good way of taking advantage of High COL real estate/housing market?

Just because real estate and/or rents are higher in one area than another doesn't mean investing in the HCOL area is a better investment. Ideally, you want to find an area where rent is the largest percentage of purchase price, and buy there. In the best case scenario, with today's low interest rate...
by William Million
Sat Nov 07, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Starved & Searching for Yield???
Replies: 147
Views: 15219

Re: Starved & Searching for Yield???

I recently bought some F/PRC at par for yield. I'm getting 6% for a couple of years. i doubt it will go to maturity. I expect it to called at its first call date. I have some WFC preferred too that I am planning to sell next April. It has yield for me about 5% for the last couple of years. I expect...
by William Million
Sat Nov 07, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Starved & Searching for Yield???
Replies: 147
Views: 15219

Re: Starved & Searching for Yield???

This is of course a departure from Boglehead orthodoxy, but you could buy Vanguard's utilities ETF, VPU. Pays 3% or so. I've had it for about 10 years. It doesn't grow as well as the broad market but dividends are somewhat reliable.
by William Million
Sat Nov 07, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Another pension vs lump sum question
Replies: 19
Views: 626

Re: Another pension vs lump sum question

Options: 1) Compare your current annuity to what can be purchased today on the open market. See: https://www.immediateannuities.com/ . Enter your specifics. 2) A present value (PV) of $33k and a future value (FV) of $44K in 8 years implies an internal return rate of about 3.7%. Would you rather inv...
by William Million
Tue Nov 03, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Overstretched and under contract for 1.3M house.. should I back out?
Replies: 79
Views: 11142

Re: Overstretched and under contract for 1.3M house.. should I back out?

While not a slam dunk, I think 5,300 to buy is a better deal than 3,500 to rent. I think Seattle real estate is a good bet to rise over the long haul. You might have made a rash decision to bid up the price, but don't make a second rash decision to lose 75,000. Don't forget you are taking advantage ...
by William Million
Mon Oct 19, 2020 4:30 am
Forum: Personal Consumer Issues
Topic: Passport photos cheap
Replies: 72
Views: 5099

Re: Passport photos cheap

$20 a bit high but $10-15 seems reasonable. Anyway, most other solutions will cost more, one way or another. Homemade will be time-consuming, Costco/AAA require extra time/gas (unless going anyway). You'll also pay in other ways for that that cheap while-you-wait hotdog at Costco (with unnecessary c...
by William Million
Mon Oct 05, 2020 6:30 pm
Forum: Personal Investments
Topic: Vanguard Poor service [Why is my Roth IRA a brokerage account?]
Replies: 63
Views: 4805

Re: Vanguard Poor service [Why is my Roth IRA a brokerage account?]

With 1.5 million, one of the other brokerages will pay you thousands to try them out. They all - Ally, Etrade, Edge, etc - have better service for what you want than Vanguard. Why not try?
by William Million
Wed Sep 23, 2020 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Dental practice billing
Replies: 37
Views: 3179

Re: Dental practice billing

My experience is, there a great range of opinion among dentists as what needs to be done and when. Range is greater than with other medical professionals. In general, I prefer conservative dentists and do most of my dental work when outside the U.S. Don't mean to offend any dentists on the board, bu...
by William Million
Wed Sep 23, 2020 4:18 pm
Forum: Personal Investments
Topic: Thoughts on GNMA bond funds
Replies: 24
Views: 2722

Re: Thoughts on GNMA bond funds

I can't see any reason not to make GNMA or MBS part of a fixed income strategy. It's seems worth the risk for the higher interest rate, given the history of these vehicles. Obviously, I would go beyond 10% of fixed income.
by William Million
Mon Sep 21, 2020 11:35 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7604

Re: Why buy medical insurance ?

I don't really see any rational way a person with means can go bare in the US ... it's not just the uniquely high cost of US health care, but the unnegotiated rates paid by the uninsured. But you can go bare in other countries, where cash for services is much more common (and often even the norm). ...
by William Million
Mon Sep 21, 2020 11:17 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7604

Re: Why buy medical insurance ?

You can gamble on collision insurance for your car. If you lose, you're out $20k or $40k. If you lose without health insurance, you end up broke.

Only people who don't insurance are ultra-rich or poor.
by William Million
Mon Sep 21, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5598

Re: Challenging a physician's bill

I have trouble believing a serious physical would not include blood, urine, stool lab work,possibly chest x-ray, prostrate, blood pressure, etc, and that the doctor would discuss any health issues with the patient (family history, current issues, etc) after examining him and evaluating the lab resul...
by William Million
Sun Sep 20, 2020 5:51 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 267
Views: 19975

Re: Is Costco worth the $120 membership?

I know Costco has many advocates but I've never been able to find a reason to join - and I can get a membership for under $25/year. In general, I don't like the size of the store, checkout lines, driving distance or excessive quantities. Purely anecdotal and I might be wrong, I also think many Costc...
by William Million
Mon Sep 14, 2020 2:03 am
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7814

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

What you are looking for is a 20-bagger. Many successful investors never experience a 20-bagger in their lifetimes. Certainly, any single stock we can throw at you has only a modest chance of appreciating that much in 10-20 years. However, since you ask, I'd probably invest in smallish firm in the m...
by William Million
Wed Aug 26, 2020 3:01 am
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 12043

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

I didn't do bonds until early 40s, now about 60 I'm at 50/50. I don't see much point in bonds for wage earners under 40. However, they're essential later.
by William Million
Sun Aug 02, 2020 7:18 pm
Forum: Personal Investments
Topic: Soon to be maxing TSP, what to store in taxable?
Replies: 25
Views: 1544

Re: Soon to be maxing TSP, what to store in taxable?

Conventional Boglehead logic is fixed income in tax-deferred, equities in taxable. This has something to do with tax rates for dividends versus interest. Personally, I understand the logic but don't necessarily agree with that in the current climate. Equities will have greater gains, so you will ben...
by William Million
Sat Aug 01, 2020 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Drop Collision Insurance?
Replies: 32
Views: 2894

Re: Drop Collision Insurance?

Not a question of the value of the vehicle, in my opinion, but a question of the value of the vehicles relative to your net worth. If it's a good deal for the insurance company to insure you, then it's a good deal for you to insure yourself - provided you can pay the repairs (or for the replacement ...
by William Million
Thu Jul 30, 2020 11:48 am
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 153
Views: 14934

Re: Poor service at Vanguard making me re-think my decision

Over the past year, I've moved out of Vanguard brokerage. Service is poor, compared to what it used to be. I've taken advantage of the incentives to try out Merrill Edge, Ally and Etrade. All better than Vanguard, but Etrade so far the best. Having said that, you can't beat Vanguard's low-cost funds...
by William Million
Sun Jul 26, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: Are dividends a reliable source of income for retirees?
Replies: 36
Views: 5131

Re: Are dividends a reliable source of income for retirees?

Whether you get it from dividend or growth, a 1.85% SWR will probably last for your lifetime and beyond. So no reason to obsess over dividend rates.

Most us prefer a SWR of double that, roughly 4%.
by William Million
Mon Jul 20, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?
Replies: 117
Views: 8961

Re: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?

If you're far from retirement, you're setting yourself up for decades of small real gains with a portfolio allocation of 65% to fixed income. I'm retired, my wife is retired, we are financially secure and don't have any reason to take excessive risk. OP- You would be surprised how well a 35/65 port...
by William Million
Fri Jul 10, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.
Replies: 72
Views: 5128

Re: Tip Dental Hygienist for Teeth Cleaning?

If I were a professionally-trained dental hygienist, I'd find it insulting and politely decline the tip. This is someone who is looking out for your health, not a hair stylist or shoe shiner.

Give the medical professional a good review on yelp, or a recommendation to friends.
by William Million
Sun Jul 05, 2020 12:31 pm
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5456

Re: Retire or grind it out at another job after a layoff ?

I'm retiring this year as well as I'm also tired of my job. So I can relate. I would retire. Even if you're cutting it a bit close, you have options: pare back spending if the market crashes, time social security to suit your plans, eventually take reverse mortgage. That pension provides a great fou...
by William Million
Sat Jun 13, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 29220

Re: The “Abandon Bonds” strategy

CDs and HYSA are good alternatives to bonds on the fixed income side of a portfolio. No problem with that. Having said that, shorter duration bonds are not that risky, even if you can lose a bit of principal. On the other hand, they net you a larger return - and you won't have to constantly chase ba...
by William Million
Wed Jun 10, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: Tipping why % of bill and not flat amount?
Replies: 159
Views: 9534

Re: Tipping why % of bill and not flat amount?

There's only 1 unwritten rule: If you tip any waitperson on US soil less than 15% on pre-tax, they will believe you were unhappy with the service - or just cheap. Beyond that, tip whatever you feel like. There's no obligation. Some people get a bit self-righteous about tipping (on either end), but i...
by William Million
Sat Jun 06, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 47877

Re: College in fall

Word on the street is colleges that start early and let out by Thanksgiving are more likely to actually hold classes. Time will tell.
by William Million
Thu Jun 04, 2020 5:51 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 39023

Re: Roll Call for the Retirement Class of 2020!

I'm out in Nov. Congrats to all.
by William Million
Thu Jun 04, 2020 5:27 pm
Forum: Investing - Theory, News & General
Topic: US/China trade wars, International holders, VTIAX
Replies: 8
Views: 702

Re: US/China trade wars, International holders, VTIAX

Honestly, if all Chinese stocks were de-listed at once, we would be in somewhat uncharted waters. Hard to say what would happen as some of the companies are quite healthy and even powerhouses in their industries (unlike Luckin Coffee, which was recently de-listed, causing it to fall in value) . If t...